Full Committee Hearing

Examining Proposals to Enhance the Regulation of Credit Rating Agencies

Date:   Wednesday, August 5, 2009 Time:   09:30 AM

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The witness on Panel I will be: The Honorable Michael Barr, Assistant Secretary for Financial Institutions, U.S. Department of the Treasury. The witnesses on Panel II will be: Professor John C. Coffee, Adolf Berle Professor of Law, Columbia University School of Law; Professor Lawrence White, Leonard E. Imperatore Professor of Economics, Stern School of Business, New York University; Mr. Stephen Joynt, President and CEO, Fitch Ratings; Mr. James Gellert, President and CEO, Rapid Ratings; and Mr. Mark Froeba, Principal, PF2 Securities Evaluations, Inc.


Minority Statements

  1. Senator Richard C. Shelby

Witness Panel 1

  1. Mr. Michael S. Barr
    Assistant Secretary-Designate for Financial Institutions
    U.S. Department of the Treasury

Witness Panel 2

  1. Professor John C. Coffee
    Adolf A. Berle Professor of Law
    Columbia University Law School
  2. Mr. Mark Froeba
    PF2 Securities Evaluations, Inc.
  3. Mr. James Gellert
    President and CEO
    Rapid Ratings
  4. Mr. Stephen W. Joynt
    President and Chief Executive Officer
    Fitch Ratings
  5. Dr. Lawrence J. White
    Leonard E. Imperatore Professor of Economics
    New York University