Senate proceeding 10-01-08 00 :: 4:16:58 to 4:17:35 of 4:40:19

Note: metavid video transcripts may contain inaccuracies, help us build a more perfect archive

Views:27 Duration: 0:00:37 Discussion

Previous speech: Christopher Dodd Next speech: Bill Nelson

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

4:16:49 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

4:17:25 to 4:17:46( Edit History Discussion )

Bill Nelson: ultimately this bill forces taxpayers to bailout investment banks that caused the crisis in the first place and it does nothing to address the real problem which is home foreclosures and a resuscitation