Senate proceeding 10-01-08 00 :: 4:16:39 to 4:17:18 of 4:40:19

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Views:23 Duration: 0:00:39 Discussion

Previous speech: Christopher Dodd Next speech: Bill Nelson

4:13:07 to 4:17:46( Edit History Discussion )
Speech By: Bill Nelson

4:16:35 to 4:16:49( Edit History Discussion )

Bill Nelson: triple a rating. that rating gave investors the confidence that they were making safe investments. and without that triple a rating, iurance companies and pension funds and other investors would not

4:16:49 to 4:17:08( Edit History Discussion )

Bill Nelson: have bought those products. and so i'm calling for an investigation to probe the business practices of those agencies. investors relied on and trusted those credit ratings and the public deserves to know

4:17:08 to 4:17:25( Edit History Discussion )

Bill Nelson: how these rating agencies concluded that such risky investments could receive such high credit ratings. madam president, i can say a lot about this, but let me just say that the bottom line is that