is determined by the rating committee, s&p noted by the issuers and disseminate the rating to the public. along with the redding, we republic published a narrative to release further information. the subcommittee has asked me to speak to the awareness of brought in the subprime mortgage market. the s&p was aware of these reports and from 2005-2007, we consistently but informed the market about their concerns. we revised our models and took into action when action was appropriate. i think it for the opportunity to participate in the hearing today and i would be happy to enter any questions you may have them not at the very much. mr. yoshizawa -- >> i am a senior managing director of the derivatives group at moody's my group rate the various derivatives including collateralized debt obligations. i would like to thank you for the opportunity to be here today. moody's placed an important but narrow role in the investment opportunity industry. we publish credit ratings on entities including corp. governance. our credit ratings or opinions about the future likelihood of a full and timely repayment of debt obligations like notes and commercial paper. w

is determined by the rating committee, s&p noted by the issuers and disseminate the rating to the public. along with the redding, we republic published a narrative to release further information. the subcommittee has asked me to speak to the awareness of brought in the subprime mortgage market. the s&p was aware of these reports and from 2005-2007, we consistently but informed the market about their concerns. we revised our models and took into action when action was appropriate. i think it for the opportunity to participate in the hearing today and i would be happy to enter any questions you may have them not at the very much. mr. yoshizawa -- >> i am a senior managing director of the derivatives group at moody's my group rate the various derivatives including collateralized debt obligations. i would like to thank you for the opportunity to be here today. moody's placed an important but narrow role in the investment opportunity industry. we publish credit ratings on entities including corp. governance. our credit ratings or opinions about the future likelihood of a full and timely repayment of debt obligations like notes and commercial paper. w

narrative is that the narrative of the presidential campaign was he married historee to america's tore story. but that was about him, and his story, what he needs now, it seems to me so take his vision for america and marry that with the american experience. and then become one. >> that's well said, sir. >> rose: thank you very much, thank you doris, thank you, dole. thank you. >> thank you. captioning sponsored by rose communications captioned by media access group at wgbh access.wgbh.org ♪ ♪ if you've had a coke in the last 20 years, ( screams ) you've had a hand in giving college scholarships... and support to thousands of our nation's... most promising students. ♪ ( coca-cola 5-note mnemonic )