Detailed text transcripts for TV channel - CNN - 20100717:17:04:00
Were at the center of this storm and i don't think there's enough oversight and regulation of the credit rating agencies. >> and they judge the worthiness. >> that's right. they were giving aaa bond ratings to these exotic mortgage securities that the subprime loans that were junk loans. so that was a big problem. and the other was fannie and freddie that were the big governmental institutionses providing 100% taxpayer guarantees on these mortgages. there's nothing in this bill that deals with those. >> capitol hill says they'll to that next h, but we'll see. let's go through the bill. who are...
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