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Apr 23, 2010
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. >> at moody's, there was a man named andy campbell. does that strike a bell?take a look at exhibit 24b. this is attached to this cover sheet from mr. mcdaniel to himself for his file. this is a long memo about credit policy issues at moody's. it looks like it came at about october of 2007, exhibit 24b. çare you familiar with this? >> i am not. >>> yuri yoshizawa, we were advised by moody's chief credit officer that it was common knowledge that ratings shopping occurred in structured finance. investment bankers saw ratings from credit rating agencies and who would give them their highest ratings. would you agree with that? >> i believe that it does exist, yes. >> is -- did the same thing exists in your area? >> yes. >> there would be no reason to shop. >> because you were doing surveillance, that would not be applicable. >> yes. that is correct. >> whenever s&p may criteria change to its model and that change was more conservative than the previous model, did s&p three test the old deals to see if there structure still passed for breeding purposes? >> traditio
. >> at moody's, there was a man named andy campbell. does that strike a bell?take a look at exhibit 24b. this is attached to this cover sheet from mr. mcdaniel to himself for his file. this is a long memo about credit policy issues at moody's. it looks like it came at about october of 2007, exhibit 24b. çare you familiar with this? >> i am not. >>> yuri yoshizawa, we were advised by moody's chief credit officer that it was common knowledge that ratings shopping occurred...
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Apr 24, 2010
04/10
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. >> at moody's, there was a man named andy campbell. does that strike a bell?ke a look at exhibit 24b. this is attached to this cover sheet from mr. mcdaniel to himself for his file. this is a long memo about credit policy issues at moody's. it looks like it came at about october of 2007, exhibit 24b. çare you familiar with this? >> i am not. >> >> yuri yoshizawa, we were advised by moody's chief credit officer that it was common knowledge that ratings shopping occurred in structured finance. investment bankers saw ratings from credit rating agencies and who would give them their highest ratings. would you agree with that? >> i believe that it does exist, yes. >> is -- did the same thing exists in your area? >> yes. >> there would be no reason to shop. >> because you were doing surveillance, that would not be applicable. >> yes. that is correct. >> whenever s&p may criteria change to its model and that change was more conservative than the previous model, did s&p three test the old deals to see if there structure still passed for breeding purposes? >> traditio
. >> at moody's, there was a man named andy campbell. does that strike a bell?ke a look at exhibit 24b. this is attached to this cover sheet from mr. mcdaniel to himself for his file. this is a long memo about credit policy issues at moody's. it looks like it came at about october of 2007, exhibit 24b. çare you familiar with this? >> i am not. >> >> yuri yoshizawa, we were advised by moody's chief credit officer that it was common knowledge that ratings shopping...
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Apr 8, 2010
04/10
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. >> like campbell's soup, and comic books. >> you think andy warhol will be hanging in museums alongsidemeers. >> he's hanging along rothko now. >> because they'll do anything for money! that's business, young man, it's not art! >> rose: if you don't want to see a play after that... (laughter) >> thank you all. it's a great, great pleasure to have you here. thank you. 45th golden theater, go see it. thank you. very much. rick stengel is here, he's the managing editor of "time" magazine. earlier in his career he collaborated with nelson mandela for three years on his memoirs. this effort resulted in mandela's acclaimed autobiography "long walk to freedom." stengel has a new book on mandela, it's called "mandela's way: 15 lessons on life, love and courage." i'm pleased to have rick stengel gak back on this program. welcome. >> great to be here. >> rose: also, i would never have interviewed nelson mandela without you. >> thank you for remembering that. >> let me talk about you and him. how did this begin? >> it began... i wrote a book about south africa in the 1980s called january sun. >> a
. >> like campbell's soup, and comic books. >> you think andy warhol will be hanging in museums alongsidemeers. >> he's hanging along rothko now. >> because they'll do anything for money! that's business, young man, it's not art! >> rose: if you don't want to see a play after that... (laughter) >> thank you all. it's a great, great pleasure to have you here. thank you. 45th golden theater, go see it. thank you. very much. rick stengel is here, he's the...
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Apr 5, 2010
04/10
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campbell? most nfl insiders think he will be traded. how does donovan mcnabb feel about leaving the eagles. he released in statement: iegels coach andyengineer that was a tough decision to make -- eagles coach andy reid said the skin are getting one heck of a player. >> that was a tough decision. he has set every record you can set with this organization. he has been a great example on and off the field. i have nothing but good things to say about donovan. unfortunately, things like this happen in the national football league. >> as you might imagine, the blockbuster deal the talk of the town. last night, we hit the town to talk to redskins fans and with the phillies in town, we found a left philly fans too. >> i am a great redskins fan, long-term, just like effect else in d.c. been waiting for us to get a good quarterback. you might not believe this but i predicted, i hoped that we would end up with donovan mcnabb and i was he can at that timic when i heard we were maybe going to acquire mcnabb for our team. >> what does this mean for the future of the team? >> i'm going to the super bowl, all the way to the super bowl. all we neede
campbell? most nfl insiders think he will be traded. how does donovan mcnabb feel about leaving the eagles. he released in statement: iegels coach andyengineer that was a tough decision to make -- eagles coach andy reid said the skin are getting one heck of a player. >> that was a tough decision. he has set every record you can set with this organization. he has been a great example on and off the field. i have nothing but good things to say about donovan. unfortunately, things like this...