Sen. Reed (D-R.I.) asks if the right market system is in place
Sen. Jack Reed (D-R.I.) says that when looking back over the financial events of the last several months, themes begin to emerge, such as a lack of transparency and disclosure, aspects of oversight, specifically in risk management and financial reporting to the investing public, a lack of effective analysis by credit rating agencies, and a regulatory environment that missed growing risks in the system. (1:27)
May 7, 2008
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