id	sid	tid	token	lemma	pos
cblr-2919	1	1	mortgage	mortgage	NOUN
cblr-2919	1	2	credit	credit	NOUN
cblr-2919	1	3	ratings	rating	NOUN
cblr-2919	1	4	and	and	CCONJ
cblr-2919	1	5	the	the	DET
cblr-2919	1	6	financial	financial	ADJ
cblr-2919	1	7	crisis	crisis	NOUN
cblr-2919	1	8	:	:	PUNCT
cblr-2919	1	9	the	the	DET
cblr-2919	1	10	need	need	NOUN
cblr-2919	1	11	for	for	ADP
cblr-2919	1	12	a	a	DET
cblr-2919	1	13	state	state	NOUN
cblr-2919	1	14	-	-	PUNCT
cblr-2919	1	15	run	run	VERB
cblr-2919	1	16	mortgage	mortgage	NOUN
cblr-2919	1	17	security	security	NOUN
cblr-2919	1	18	credit	credit	NOUN
cblr-2919	1	19	rating	rating	NOUN
cblr-2919	1	20	agency	agency	NOUN
cblr-2919	1	21	mortgage	mortgage	NOUN
cblr-2919	1	22	credit	credit	NOUN
cblr-2919	1	23	ratings	rating	NOUN
cblr-2919	1	24	and	and	CCONJ
cblr-2919	1	25	the	the	DET
cblr-2919	1	26	financial	financial	ADJ
cblr-2919	1	27	crisis	crisis	NOUN
cblr-2919	1	28	:	:	PUNCT
cblr-2919	1	29	the	the	DET
cblr-2919	1	30	need	need	NOUN
cblr-2919	1	31	for	for	ADP
cblr-2919	1	32	a	a	DET
cblr-2919	1	33	state	state	NOUN
cblr-2919	1	34	-	-	PUNCT
cblr-2919	1	35	run	run	VERB
cblr-2919	1	36	mortgage	mortgage	NOUN
cblr-2919	1	37	security	security	NOUN
cblr-2919	1	38	credit	credit	NOUN
cblr-2919	1	39	rating	rating	NOUN
cblr-2919	1	40	agency	agency	NOUN
cblr-2919	1	41	milosz	milosz	NOUN
cblr-2919	1	42	gudzowski	gudzowski	PROPN
cblr-2919	1	43	*	*	PUNCT
cblr-2919	1	44	i.	i.	NOUN
cblr-2919	1	45	introduction	introduction	NOUN
cblr-2919	1	46	..................................	..................................	PUNCT
cblr-2919	1	47	246	246	NUM
cblr-2919	1	48	ii	ii	NOUN
cblr-2919	1	49	.	.	PUNCT
cblr-2919	2	1	background	background	NOUN
cblr-2919	2	2	.................................	.................................	PUNCT
cblr-2919	3	1	249	249	NUM
cblr-2919	3	2	a.	a.	NOUN
cblr-2919	3	3	scope	scope	NOUN
cblr-2919	3	4	of	of	ADP
cblr-2919	3	5	the	the	DET
cblr-2919	3	6	agency	agency	NOUN
cblr-2919	3	7	's	's	PART
cblr-2919	3	8	functions	function	NOUN
cblr-2919	3	9	................	................	PUNCT
cblr-2919	3	10	249	249	NUM
cblr-2919	3	11	b.	b.	NOUN
cblr-2919	3	12	history	history	NOUN
cblr-2919	3	13	of	of	ADP
cblr-2919	3	14	mortgage	mortgage	NOUN
cblr-2919	3	15	securitization	securitization	NOUN
cblr-2919	3	16	.....	.....	PUNCT
cblr-2919	3	17	.....	.....	PUNCT
cblr-2919	4	1	251	251	NUM
cblr-2919	4	2	iii	iii	NOUN
cblr-2919	4	3	.	.	PUNCT
cblr-2919	5	1	cra	cra	PROPN
cblr-2919	5	2	incentives	incentive	NOUN
cblr-2919	5	3	and	and	CCONJ
cblr-2919	5	4	industrial	industrial	ADJ
cblr-2919	5	5	structure	structure	NOUN
cblr-2919	5	6	...	...	PUNCT
cblr-2919	6	1	.....	.....	PUNCT
cblr-2919	6	2	253	253	NUM
cblr-2919	6	3	a.	a.	NOUN
cblr-2919	6	4	dominance	dominance	NOUN
cblr-2919	6	5	of	of	ADP
cblr-2919	6	6	the	the	DET
cblr-2919	6	7	issuer	issuer	NOUN
cblr-2919	6	8	pays	pay	VERB
cblr-2919	6	9	model	model	PROPN
cblr-2919	6	10	..................	..................	PROPN
cblr-2919	6	11	254	254	NUM
cblr-2919	6	12	b.	b.	PROPN
cblr-2919	6	13	issuer	issuer	NOUN
cblr-2919	6	14	pays	pay	VERB
cblr-2919	6	15	model	model	NOUN
cblr-2919	6	16	and	and	CCONJ
cblr-2919	6	17	reputational	reputational	ADJ
cblr-2919	6	18	capital	capital	NOUN
cblr-2919	6	19	....	....	PUNCT
cblr-2919	7	1	255	255	NUM
cblr-2919	7	2	1	1	NUM
cblr-2919	7	3	.	.	PUNCT
cblr-2919	7	4	reputation	reputation	NOUN
cblr-2919	7	5	and	and	CCONJ
cblr-2919	7	6	novel	novel	ADJ
cblr-2919	7	7	products	product	NOUN
cblr-2919	7	8	.....	.....	PUNCT
cblr-2919	8	1	.....	.....	PUNCT
cblr-2919	8	2	256	256	NUM
cblr-2919	8	3	2	2	NUM
cblr-2919	8	4	.	.	PUNCT
cblr-2919	9	1	close	close	ADJ
cblr-2919	9	2	contact	contact	NOUN
cblr-2919	9	3	and	and	CCONJ
cblr-2919	9	4	influence	influence	NOUN
cblr-2919	9	5	.................	.................	PUNCT
cblr-2919	10	1	256	256	NUM
cblr-2919	10	2	3	3	NUM
cblr-2919	10	3	.	.	PUNCT
cblr-2919	10	4	reputation	reputation	NOUN
cblr-2919	10	5	and	and	CCONJ
cblr-2919	10	6	the	the	DET
cblr-2919	10	7	bubble	bubble	NOUN
cblr-2919	10	8	economy	economy	NOUN
cblr-2919	10	9	............	............	PUNCT
cblr-2919	10	10	258	258	NUM
cblr-2919	10	11	4	4	NUM
cblr-2919	10	12	.	.	PUNCT
cblr-2919	10	13	reputation	reputation	NOUN
cblr-2919	10	14	and	and	CCONJ
cblr-2919	10	15	regulatory	regulatory	ADJ
cblr-2919	10	16	license	license	NOUN
cblr-2919	10	17	..............	..............	PUNCT
cblr-2919	11	1	259	259	NUM
cblr-2919	11	2	c.	c.	NOUN
cblr-2919	11	3	difficulty	difficulty	NOUN
cblr-2919	11	4	of	of	ADP
cblr-2919	11	5	entry	entry	NOUN
cblr-2919	11	6	.	.	PUNCT
cblr-2919	11	7	.................	.................	PUNCT
cblr-2919	12	1	.....	.....	PUNCT
cblr-2919	13	1	259	259	NUM
cblr-2919	13	2	1	1	X
cblr-2919	13	3	.	.	PUNCT
cblr-2919	13	4	regulatory	regulatory	ADJ
cblr-2919	13	5	barrier	barrier	NOUN
cblr-2919	13	6	..............	..............	PUNCT
cblr-2919	14	1	.....	.....	PUNCT
cblr-2919	15	1	260	260	NUM
cblr-2919	15	2	2	2	X
cblr-2919	15	3	.	.	PUNCT
cblr-2919	15	4	economic	economic	ADJ
cblr-2919	15	5	barriers	barrier	NOUN
cblr-2919	15	6	..............	..............	PUNCT
cblr-2919	16	1	.....	.....	PUNCT
cblr-2919	16	2	261	261	NUM
cblr-2919	16	3	d.	d.	PROPN
cblr-2919	16	4	conclusion	conclusion	NOUN
cblr-2919	16	5	...............................	...............................	PUNCT
cblr-2919	16	6	262	262	NUM
cblr-2919	16	7	iv	iv	NOUN
cblr-2919	16	8	.	.	PUNCT
cblr-2919	17	1	the	the	DET
cblr-2919	17	2	2007	2007	NUM
cblr-2919	17	3	-	-	SYM
cblr-2919	17	4	2009	2009	NUM
cblr-2919	17	5	credit	credit	NOUN
cblr-2919	17	6	crisis	crisis	NOUN
cblr-2919	17	7	:	:	PUNCT
cblr-2919	17	8	evidence	evidence	NOUN
cblr-2919	17	9	of	of	ADP
cblr-2919	17	10	cra	cra	PROPN
cblr-2919	17	11	failure	failure	NOUN
cblr-2919	17	12	.................................	.................................	PUNCT
cblr-2919	17	13	263	263	NUM
cblr-2919	17	14	v.	v.	ADP
cblr-2919	17	15	proposal	proposal	NOUN
cblr-2919	17	16	..........................	..........................	PUNCT
cblr-2919	17	17	......	......	PUNCT
cblr-2919	18	1	264	264	NUM
cblr-2919	18	2	a.	a.	NOUN
cblr-2919	18	3	incentive	incentive	NOUN
cblr-2919	18	4	advantages	advantage	NOUN
cblr-2919	18	5	..............	..............	PUNCT
cblr-2919	18	6	.....	.....	PUNCT
cblr-2919	18	7	265	265	NUM
cblr-2919	18	8	b.	b.	NOUN
cblr-2919	18	9	informational	informational	ADJ
cblr-2919	18	10	advantages	advantage	NOUN
cblr-2919	18	11	................	................	PUNCT
cblr-2919	18	12	266	266	NUM
cblr-2919	18	13	c.	c.	NOUN
cblr-2919	18	14	economic	economic	ADJ
cblr-2919	18	15	regulation	regulation	NOUN
cblr-2919	18	16	and	and	CCONJ
cblr-2919	18	17	nrsros	nrsros	PROPN
cblr-2919	18	18	...	...	PUNCT
cblr-2919	19	1	......	......	PUNCT
cblr-2919	19	2	268	268	NUM
cblr-2919	19	3	d.	d.	NOUN
cblr-2919	19	4	avoiding	avoid	VERB
cblr-2919	19	5	externalities	externality	NOUN
cblr-2919	19	6	...........	...........	PUNCT
cblr-2919	19	7	.........	.........	PUNCT
cblr-2919	19	8	271	271	NUM
cblr-2919	19	9	vi	vi	NOUN
cblr-2919	19	10	.	.	PUNCT
cblr-2919	19	11	public	public	ADJ
cblr-2919	19	12	-	-	PUNCT
cblr-2919	19	13	private	private	ADJ
cblr-2919	19	14	debate	debate	NOUN
cblr-2919	19	15	.................	.................	PUNCT
cblr-2919	20	1	.....	.....	PUNCT
cblr-2919	20	2	271	271	NUM
cblr-2919	20	3	a.	a.	NOUN
cblr-2919	20	4	conventional	conventional	ADJ
cblr-2919	20	5	criticisms	criticism	NOUN
cblr-2919	20	6	of	of	ADP
cblr-2919	20	7	government	government	NOUN
cblr-2919	20	8	provision	provision	NOUN
cblr-2919	20	9	of	of	ADP
cblr-2919	20	10	goods	good	NOUN
cblr-2919	20	11	and	and	CCONJ
cblr-2919	20	12	services	service	NOUN
cblr-2919	20	13	......	......	PUNCT
cblr-2919	20	14	.......	.......	PUNCT
cblr-2919	21	1	272	272	NUM
cblr-2919	21	2	*	*	PUNCT
cblr-2919	21	3	j.d	j.d	PROPN
cblr-2919	21	4	.	.	PROPN
cblr-2919	21	5	candidate	candidate	NOUN
cblr-2919	21	6	2010	2010	NUM
cblr-2919	21	7	,	,	PUNCT
cblr-2919	21	8	columbia	columbia	PROPN
cblr-2919	21	9	university	university	PROPN
cblr-2919	21	10	school	school	NOUN
cblr-2919	21	11	of	of	ADP
cblr-2919	21	12	law	law	NOUN
cblr-2919	21	13	;	;	PUNCT
cblr-2919	21	14	m.phil	m.phil	X
cblr-2919	21	15	.	.	PUNCT
cblr-2919	22	1	development	development	NOUN
cblr-2919	22	2	studies	study	NOUN
cblr-2919	22	3	2007	2007	NUM
cblr-2919	22	4	,	,	PUNCT
cblr-2919	22	5	cambridge	cambridge	PROPN
cblr-2919	22	6	university	university	PROPN
cblr-2919	22	7	;	;	PUNCT
cblr-2919	22	8	b.a	b.a	PROPN
cblr-2919	22	9	.	.	PROPN
cblr-2919	22	10	economics	economics	PROPN
cblr-2919	22	11	2006	2006	NUM
cblr-2919	22	12	,	,	PUNCT
cblr-2919	22	13	yale	yale	PROPN
cblr-2919	22	14	university	university	PROPN
cblr-2919	22	15	.	.	PUNCT
cblr-2919	23	1	the	the	DET
cblr-2919	23	2	author	author	NOUN
cblr-2919	23	3	thanks	thank	NOUN
cblr-2919	23	4	professor	professor	PROPN
cblr-2919	23	5	merritt	merritt	PROPN
cblr-2919	23	6	fox	fox	PROPN
cblr-2919	23	7	,	,	PUNCT
cblr-2919	23	8	gerald	gerald	PROPN
cblr-2919	23	9	moody	moody	PROPN
cblr-2919	23	10	,	,	PUNCT
cblr-2919	23	11	and	and	CCONJ
cblr-2919	23	12	all	all	DET
cblr-2919	23	13	staff	staff	NOUN
cblr-2919	23	14	and	and	CCONJ
cblr-2919	23	15	board	board	NOUN
cblr-2919	23	16	members	member	NOUN
cblr-2919	23	17	of	of	ADP
cblr-2919	23	18	the	the	DET
cblr-2919	23	19	columbia	columbia	PROPN
cblr-2919	23	20	business	business	PROPN
cblr-2919	23	21	law	law	PROPN
cblr-2919	23	22	review	review	NOUN
cblr-2919	23	23	for	for	ADP
cblr-2919	23	24	their	their	PRON
cblr-2919	23	25	insightful	insightful	ADJ
cblr-2919	23	26	feedback	feedback	NOUN
cblr-2919	23	27	and	and	CCONJ
cblr-2919	23	28	editorial	editorial	ADJ
cblr-2919	23	29	assistance	assistance	NOUN
cblr-2919	23	30	with	with	ADP
cblr-2919	23	31	this	this	DET
cblr-2919	23	32	note	note	NOUN
cblr-2919	23	33	.	.	PUNCT
cblr-2919	24	1	columbia	columbia	PROPN
cblr-2919	24	2	business	business	PROPN
cblr-2919	24	3	law	law	PROPN
cblr-2919	24	4	review	review	NOUN
cblr-2919	24	5	1	1	NUM
cblr-2919	24	6	.	.	PUNCT
cblr-2919	25	1	the	the	DET
cblr-2919	25	2	quality	quality	NOUN
cblr-2919	25	3	and	and	CCONJ
cblr-2919	25	4	efficiency	efficiency	NOUN
cblr-2919	25	5	of	of	ADP
cblr-2919	25	6	the	the	DET
cblr-2919	25	7	rating	rating	NOUN
cblr-2919	25	8	process	process	NOUN
cblr-2919	25	9	............................	............................	PUNCT
cblr-2919	25	10	272	272	NUM
cblr-2919	25	11	2	2	NUM
cblr-2919	25	12	.	.	X
cblr-2919	25	13	accountability	accountability	NOUN
cblr-2919	25	14	in	in	ADP
cblr-2919	25	15	the	the	DET
cblr-2919	25	16	rating	rating	NOUN
cblr-2919	25	17	process	process	NOUN
cblr-2919	25	18	............	............	PUNCT
cblr-2919	26	1	274	274	NUM
cblr-2919	26	2	3	3	NUM
cblr-2919	26	3	.	.	PUNCT
cblr-2919	27	1	a	a	DET
cblr-2919	27	2	costly	costly	ADJ
cblr-2919	27	3	and	and	CCONJ
cblr-2919	27	4	difficult	difficult	ADJ
cblr-2919	27	5	start	start	NOUN
cblr-2919	27	6	....	....	PUNCT
cblr-2919	27	7	.........	.........	PUNCT
cblr-2919	27	8	275	275	NUM
cblr-2919	27	9	b.	b.	NOUN
cblr-2919	27	10	precedent	precedent	NOUN
cblr-2919	27	11	for	for	ADP
cblr-2919	27	12	government	government	NOUN
cblr-2919	27	13	involvement	involvement	NOUN
cblr-2919	27	14	............	............	PUNCT
cblr-2919	27	15	275	275	NUM
cblr-2919	27	16	c.	c.	NOUN
cblr-2919	27	17	conclusion	conclusion	NOUN
cblr-2919	27	18	...............................	...............................	PUNCT
cblr-2919	27	19	277	277	NUM
cblr-2919	27	20	vii	vii	PROPN
cblr-2919	27	21	.	.	PUNCT
cblr-2919	28	1	the	the	DET
cblr-2919	28	2	liability	liability	NOUN
cblr-2919	28	3	alternative	alternative	NOUN
cblr-2919	28	4	...............	...............	PUNCT
cblr-2919	28	5	.....	.....	PUNCT
cblr-2919	28	6	277	277	NUM
cblr-2919	28	7	a.	a.	NOUN
cblr-2919	28	8	proposals	proposal	NOUN
cblr-2919	28	9	................................	................................	PUNCT
cblr-2919	28	10	277	277	NUM
cblr-2919	28	11	b.	b.	NOUN
cblr-2919	28	12	failure	failure	NOUN
cblr-2919	28	13	of	of	ADP
cblr-2919	28	14	liability	liability	NOUN
cblr-2919	28	15	.........	.........	PUNCT
cblr-2919	28	16	..............	..............	PUNCT
cblr-2919	28	17	279	279	NUM
cblr-2919	28	18	viii	viii	ADJ
cblr-2919	28	19	.	.	PUNCT
cblr-2919	29	1	conclusion	conclusion	NOUN
cblr-2919	29	2	..........................	..........................	PUNCT
cblr-2919	30	1	....	....	PUNCT
cblr-2919	30	2	280	280	NUM
cblr-2919	30	3	i.	i.	NOUN
cblr-2919	30	4	introduction	introduction	NOUN
cblr-2919	30	5	with	with	ADP
cblr-2919	30	6	the	the	DET
cblr-2919	30	7	exception	exception	NOUN
cblr-2919	30	8	of	of	ADP
cblr-2919	30	9	the	the	DET
cblr-2919	30	10	investment	investment	NOUN
cblr-2919	30	11	banks	bank	NOUN
cblr-2919	30	12	,	,	PUNCT
cblr-2919	30	13	there	there	PRON
cblr-2919	30	14	probably	probably	ADV
cblr-2919	30	15	has	have	AUX
cblr-2919	30	16	been	be	AUX
cblr-2919	30	17	no	no	DET
cblr-2919	30	18	other	other	ADJ
cblr-2919	30	19	financial	financial	ADJ
cblr-2919	30	20	actor	actor	NOUN
cblr-2919	30	21	with	with	ADP
cblr-2919	30	22	as	as	ADV
cblr-2919	30	23	great	great	ADJ
cblr-2919	30	24	a	a	DET
cblr-2919	30	25	hand	hand	NOUN
cblr-2919	30	26	in	in	ADP
cblr-2919	30	27	causing	cause	VERB
cblr-2919	30	28	the	the	DET
cblr-2919	30	29	current	current	ADJ
cblr-2919	30	30	financial	financial	ADJ
cblr-2919	30	31	crisis	crisis	NOUN
cblr-2919	30	32	as	as	ADP
cblr-2919	30	33	the	the	DET
cblr-2919	30	34	major	major	ADJ
cblr-2919	30	35	credit	credit	NOUN
cblr-2919	30	36	rating	rating	NOUN
cblr-2919	30	37	agencies	agency	NOUN
cblr-2919	30	38	(	(	PUNCT
cblr-2919	30	39	cras	cras	X
cblr-2919	30	40	)	)	PUNCT
cblr-2919	30	41	.	.	PUNCT
cblr-2919	30	42	'	'	PUNCT
cblr-2919	31	1	cras	cras	PROPN
cblr-2919	31	2	gave	give	VERB
cblr-2919	31	3	residential	residential	ADJ
cblr-2919	31	4	mortgage	mortgage	NOUN
cblr-2919	31	5	backed	back	VERB
cblr-2919	31	6	securities	security	NOUN
cblr-2919	31	7	(	(	PUNCT
cblr-2919	31	8	rmbss	rmbss	NOUN
cblr-2919	31	9	)	)	PUNCT
cblr-2919	31	10	and	and	CCONJ
cblr-2919	31	11	rmbscollateralized	rmbscollateralize	VERB
cblr-2919	31	12	debt	debt	NOUN
cblr-2919	31	13	obligations	obligation	NOUN
cblr-2919	31	14	(	(	PUNCT
cblr-2919	31	15	r	r	NOUN
cblr-2919	31	16	-	-	PUNCT
cblr-2919	31	17	cdos	cdo	NOUN
cblr-2919	31	18	)	)	PUNCT
cblr-2919	31	19	inflated	inflate	VERB
cblr-2919	31	20	credit	credit	NOUN
cblr-2919	31	21	ratings,2	ratings,2	NOUN
cblr-2919	31	22	enabling	enable	VERB
cblr-2919	31	23	financial	financial	ADJ
cblr-2919	31	24	institutions	institution	NOUN
cblr-2919	31	25	and	and	CCONJ
cblr-2919	31	26	other	other	ADJ
cblr-2919	31	27	investors	investor	NOUN
cblr-2919	31	28	to	to	PART
cblr-2919	31	29	buy	buy	VERB
cblr-2919	31	30	trillions	trillion	NOUN
cblr-2919	31	31	of	of	ADP
cblr-2919	31	32	dollars	dollar	NOUN
cblr-2919	31	33	worth	worth	ADJ
cblr-2919	31	34	of	of	ADP
cblr-2919	31	35	these	these	DET
cblr-2919	31	36	securities	security	NOUN
cblr-2919	31	37	.	.	PUNCT
cblr-2919	31	38	'	'	PUNCT
cblr-2919	32	1	eventually	eventually	ADV
cblr-2919	32	2	,	,	PUNCT
cblr-2919	32	3	it	it	PRON
cblr-2919	32	4	became	become	VERB
cblr-2919	32	5	apparent	apparent	ADJ
cblr-2919	32	6	that	that	SCONJ
cblr-2919	32	7	these	these	DET
cblr-2919	32	8	securities	security	NOUN
cblr-2919	32	9	were	be	AUX
cblr-2919	32	10	'	'	PUNCT
cblr-2919	32	11	the	the	DET
cblr-2919	32	12	following	follow	VERB
cblr-2919	32	13	statement	statement	NOUN
cblr-2919	32	14	by	by	ADP
cblr-2919	32	15	alan	alan	PROPN
cblr-2919	32	16	greenspan	greenspan	PROPN
cblr-2919	32	17	,	,	PUNCT
cblr-2919	32	18	former	former	ADJ
cblr-2919	32	19	head	head	NOUN
cblr-2919	32	20	of	of	ADP
cblr-2919	32	21	the	the	DET
cblr-2919	32	22	federal	federal	PROPN
cblr-2919	32	23	reserve	reserve	PROPN
cblr-2919	32	24	bank	bank	PROPN
cblr-2919	32	25	,	,	PUNCT
cblr-2919	32	26	is	be	AUX
cblr-2919	32	27	illustrative	illustrative	ADJ
cblr-2919	32	28	of	of	ADP
cblr-2919	32	29	this	this	DET
cblr-2919	32	30	sentiment	sentiment	NOUN
cblr-2919	32	31	on	on	ADP
cblr-2919	32	32	wall	wall	PROPN
cblr-2919	32	33	street	street	PROPN
cblr-2919	32	34	:	:	PUNCT
cblr-2919	32	35	"	"	PUNCT
cblr-2919	32	36	the	the	DET
cblr-2919	32	37	consequent	consequent	ADJ
cblr-2919	32	38	surge	surge	NOUN
cblr-2919	32	39	in	in	ADP
cblr-2919	32	40	global	global	ADJ
cblr-2919	32	41	demand	demand	NOUN
cblr-2919	32	42	for	for	ADP
cblr-2919	32	43	u.s	u.s	PROPN
cblr-2919	32	44	.	.	PROPN
cblr-2919	32	45	subprime	subprime	ADJ
cblr-2919	32	46	securities	security	NOUN
cblr-2919	32	47	by	by	ADP
cblr-2919	32	48	banks	bank	NOUN
cblr-2919	32	49	,	,	PUNCT
cblr-2919	32	50	hedge	hedge	NOUN
cblr-2919	32	51	and	and	CCONJ
cblr-2919	32	52	pension	pension	NOUN
cblr-2919	32	53	funds	fund	NOUN
cblr-2919	32	54	supported	support	VERB
cblr-2919	32	55	by	by	ADP
cblr-2919	32	56	unrealistically	unrealistically	ADV
cblr-2919	32	57	positive	positive	ADJ
cblr-2919	32	58	rating	rating	NOUN
cblr-2919	32	59	designations	designation	NOUN
cblr-2919	32	60	by	by	ADP
cblr-2919	32	61	credit	credit	NOUN
cblr-2919	32	62	agencies	agency	NOUN
cblr-2919	32	63	was	be	AUX
cblr-2919	32	64	,	,	PUNCT
cblr-2919	32	65	in	in	ADP
cblr-2919	32	66	my	my	PRON
cblr-2919	32	67	judgment	judgment	NOUN
cblr-2919	32	68	,	,	PUNCT
cblr-2919	32	69	the	the	DET
cblr-2919	32	70	core	core	NOUN
cblr-2919	32	71	of	of	ADP
cblr-2919	32	72	the	the	DET
cblr-2919	32	73	problem	problem	NOUN
cblr-2919	32	74	.	.	PUNCT
cblr-2919	32	75	"	"	PUNCT
cblr-2919	33	1	the	the	DET
cblr-2919	33	2	financial	financial	ADJ
cblr-2919	33	3	crisis	crisis	NOUN
cblr-2919	33	4	and	and	CCONJ
cblr-2919	33	5	the	the	DET
cblr-2919	33	6	role	role	NOUN
cblr-2919	33	7	of	of	ADP
cblr-2919	33	8	federal	federal	ADJ
cblr-2919	33	9	regulators	regulator	NOUN
cblr-2919	33	10	:	:	PUNCT
cblr-2919	33	11	hearing	hear	VERB
cblr-2919	33	12	before	before	ADP
cblr-2919	33	13	the	the	DET
cblr-2919	33	14	h.	h.	PROPN
cblr-2919	33	15	comm	comm	NOUN
cblr-2919	33	16	.	.	PUNCT
cblr-2919	34	1	on	on	ADP
cblr-2919	34	2	oversight	oversight	NOUN
cblr-2919	34	3	and	and	CCONJ
cblr-2919	34	4	government	government	NOUN
cblr-2919	34	5	reform	reform	NOUN
cblr-2919	34	6	,	,	PUNCT
cblr-2919	34	7	110th	110th	ADJ
cblr-2919	34	8	cong	cong	NOUN
cblr-2919	34	9	.	.	PUNCT
cblr-2919	35	1	18	18	NUM
cblr-2919	35	2	(	(	PUNCT
cblr-2919	35	3	2008	2008	NUM
cblr-2919	35	4	)	)	PUNCT
cblr-2919	36	1	[	[	X
cblr-2919	36	2	hereinafter	hereinafter	NOUN
cblr-2919	36	3	hearing	hearing	NOUN
cblr-2919	36	4	]	]	X
cblr-2919	36	5	;	;	PUNCT
cblr-2919	36	6	accord	accord	NOUN
cblr-2919	36	7	technical	technical	ADJ
cblr-2919	36	8	comm	comm	NOUN
cblr-2919	36	9	.	.	PUNCT
cblr-2919	36	10	of	of	ADP
cblr-2919	36	11	the	the	DET
cblr-2919	36	12	int'l	int'l	ADJ
cblr-2919	36	13	org	org	NOUN
cblr-2919	36	14	.	.	PUNCT
cblr-2919	36	15	of	of	ADP
cblr-2919	36	16	sec	sec	PROPN
cblr-2919	36	17	.	.	PROPN
cblr-2919	36	18	comm'ns	comm'ns	PROPN
cblr-2919	36	19	,	,	PUNCT
cblr-2919	36	20	the	the	DET
cblr-2919	36	21	role	role	NOUN
cblr-2919	36	22	of	of	ADP
cblr-2919	36	23	credit	credit	NOUN
cblr-2919	36	24	.	.	PUNCT
cblr-2919	37	1	rating	rating	NOUN
cblr-2919	37	2	agencies	agency	NOUN
cblr-2919	37	3	in	in	ADP
cblr-2919	37	4	structured	structured	ADJ
cblr-2919	37	5	finance	finance	NOUN
cblr-2919	37	6	markets	market	NOUN
cblr-2919	37	7	3	3	NUM
cblr-2919	37	8	(	(	PUNCT
cblr-2919	37	9	2008	2008	NUM
cblr-2919	37	10	)	)	PUNCT
cblr-2919	37	11	,	,	PUNCT
cblr-2919	37	12	http://www.iosco.org/library/pub	http://www.iosco.org/library/pub	PROPN
cblr-2919	37	13	docs	doc	NOUN
cblr-2919	37	14	/	/	SYM
cblr-2919	37	15	pdflioscopd270.pdf	pdflioscopd270.pdf	NOUN
cblr-2919	37	16	[	[	X
cblr-2919	37	17	hereinafter	hereinafter	NOUN
cblr-2919	37	18	iosco	iosco	NOUN
cblr-2919	37	19	]	]	X
cblr-2919	37	20	;	;	PUNCT
cblr-2919	37	21	michael	michael	PROPN
cblr-2919	37	22	j.	j.	PROPN
cblr-2919	37	23	de	de	PROPN
cblr-2919	37	24	la	la	PROPN
cblr-2919	37	25	merced	merced	PROPN
cblr-2919	37	26	,	,	PUNCT
cblr-2919	37	27	3	3	NUM
cblr-2919	37	28	financiers	financier	NOUN
cblr-2919	37	29	on	on	ADP
cblr-2919	37	30	wall	wall	PROPN
cblr-2919	37	31	street	street	PROPN
cblr-2919	37	32	's	's	PART
cblr-2919	37	33	future	future	NOUN
cblr-2919	37	34	,	,	PUNCT
cblr-2919	37	35	dealbook	dealbook	NOUN
cblr-2919	37	36	,	,	PUNCT
cblr-2919	37	37	feb	feb	PROPN
cblr-2919	37	38	.	.	PROPN
cblr-2919	37	39	19	19	NUM
cblr-2919	37	40	,	,	PUNCT
cblr-2919	37	41	2009	2009	NUM
cblr-2919	37	42	,	,	PUNCT
cblr-2919	37	43	http://dealbo	http://dealbo	PROPN
cblr-2919	37	44	ok.blogs.nytimes.com/2009/02/19/where-will-finance-go-3-veterans-are-uns	ok.blogs.nytimes.com/2009/02/19/where-will-finance-go-3-veterans-are-un	NOUN
cblr-2919	37	45	ure/	ure/	NOUN
cblr-2919	37	46	(	(	PUNCT
cblr-2919	37	47	quoting	quote	VERB
cblr-2919	37	48	the	the	DET
cblr-2919	37	49	former	former	ADJ
cblr-2919	37	50	ceos	ceos	NOUN
cblr-2919	37	51	of	of	ADP
cblr-2919	37	52	lehman	lehman	PROPN
cblr-2919	37	53	brothers	brother	NOUN
cblr-2919	37	54	and	and	CCONJ
cblr-2919	37	55	aig	aig	PROPN
cblr-2919	37	56	and	and	CCONJ
cblr-2919	37	57	the	the	DET
cblr-2919	37	58	chairman	chairman	NOUN
cblr-2919	37	59	of	of	ADP
cblr-2919	37	60	blackstone	blackstone	PROPN
cblr-2919	37	61	group	group	NOUN
cblr-2919	37	62	as	as	ADP
cblr-2919	37	63	blaming	blame	VERB
cblr-2919	37	64	cras	cra	NOUN
cblr-2919	37	65	for	for	ADP
cblr-2919	37	66	the	the	DET
cblr-2919	37	67	market	market	NOUN
cblr-2919	37	68	crisis	crisis	NOUN
cblr-2919	37	69	)	)	PUNCT
cblr-2919	37	70	.	.	PUNCT
cblr-2919	38	1	2	2	NUM
cblr-2919	38	2	see	see	VERB
cblr-2919	38	3	hearing	hearing	NOUN
cblr-2919	38	4	,	,	PUNCT
cblr-2919	38	5	supra	supra	PROPN
cblr-2919	38	6	note	note	PROPN
cblr-2919	38	7	1	1	NUM
cblr-2919	38	8	,	,	PUNCT
cblr-2919	38	9	at	at	ADP
cblr-2919	38	10	18	18	NUM
cblr-2919	38	11	;	;	PUNCT
cblr-2919	38	12	infra	infra	NOUN
cblr-2919	38	13	parts	part	NOUN
cblr-2919	38	14	iii	iii	PROPN
cblr-2919	38	15	&	&	CCONJ
cblr-2919	38	16	iv	iv	PROPN
cblr-2919	38	17	.	.	PROPN
cblr-2919	38	18	edward	edward	PROPN
cblr-2919	38	19	carr	carr	PROPN
cblr-2919	38	20	,	,	PUNCT
cblr-2919	38	21	a	a	DET
cblr-2919	38	22	special	special	ADJ
cblr-2919	38	23	report	report	NOUN
cblr-2919	38	24	on	on	ADP
cblr-2919	38	25	the	the	DET
cblr-2919	38	26	future	future	NOUN
cblr-2919	38	27	of	of	ADP
cblr-2919	38	28	finance	finance	NOUN
cblr-2919	38	29	:	:	PUNCT
cblr-2919	38	30	wild	wild	ADJ
cblr-2919	38	31	animal	animal	NOUN
cblr-2919	38	32	spirits	spirit	NOUN
cblr-2919	38	33	,	,	PUNCT
cblr-2919	38	34	economist	economist	NOUN
cblr-2919	38	35	,	,	PUNCT
cblr-2919	38	36	jan	jan	PROPN
cblr-2919	38	37	.	.	PROPN
cblr-2919	38	38	24	24	NUM
cblr-2919	38	39	,	,	PUNCT
cblr-2919	38	40	2009	2009	NUM
cblr-2919	38	41	,	,	PUNCT
cblr-2919	38	42	at	at	ADP
cblr-2919	38	43	8	8	NUM
cblr-2919	38	44	.	.	PUNCT
cblr-2919	38	45	246	246	NUM
cblr-2919	39	1	[	[	X
cblr-2919	39	2	vol	vol	NOUN
cblr-2919	39	3	.	.	PUNCT
cblr-2919	39	4	2010	2010	NUM
cblr-2919	39	5	no	no	INTJ
cblr-2919	39	6	.	.	PUNCT
cblr-2919	40	1	1:245	1:245	NUM
cblr-2919	40	2	]	]	X
cblr-2919	40	3	mortgage	mortgage	NOUN
cblr-2919	40	4	credit	credit	NOUN
cblr-2919	40	5	ratingsand	ratingsand	NOUN
cblr-2919	40	6	financial	financial	ADJ
cblr-2919	40	7	crisis	crisis	NOUN
cblr-2919	40	8	overvalued	overvalue	VERB
cblr-2919	40	9	,	,	PUNCT
cblr-2919	40	10	which	which	PRON
cblr-2919	40	11	-	-	PUNCT
cblr-2919	40	12	because	because	SCONJ
cblr-2919	40	13	of	of	ADP
cblr-2919	40	14	mark	mark	NOUN
cblr-2919	40	15	-	-	PUNCT
cblr-2919	40	16	to	to	ADP
cblr-2919	40	17	-	-	PUNCT
cblr-2919	40	18	market	market	NOUN
cblr-2919	40	19	accounting	accounting	NOUN
cblr-2919	40	20	rules'-forced	rules'-force	VERB
cblr-2919	40	21	huge	huge	ADJ
cblr-2919	40	22	write	write	NOUN
cblr-2919	40	23	-	-	PUNCT
cblr-2919	40	24	downs	down	NOUN
cblr-2919	40	25	for	for	ADP
cblr-2919	40	26	those	those	PRON
cblr-2919	40	27	who	who	PRON
cblr-2919	40	28	owned	own	VERB
cblr-2919	40	29	them	they	PRON
cblr-2919	40	30	.	.	PUNCT
cblr-2919	40	31	'	'	PUNCT
cblr-2919	41	1	consequently	consequently	ADV
cblr-2919	41	2	,	,	PUNCT
cblr-2919	41	3	the	the	DET
cblr-2919	41	4	balance	balance	NOUN
cblr-2919	41	5	sheets	sheet	NOUN
cblr-2919	41	6	of	of	ADP
cblr-2919	41	7	many	many	ADJ
cblr-2919	41	8	financial	financial	ADJ
cblr-2919	41	9	institutions	institution	NOUN
cblr-2919	41	10	were	be	AUX
cblr-2919	41	11	decimated	decimate	VERB
cblr-2919	41	12	,	,	PUNCT
cblr-2919	41	13	some	some	PRON
cblr-2919	41	14	became	become	VERB
cblr-2919	41	15	insolvent	insolvent	ADJ
cblr-2919	41	16	,	,	PUNCT
cblr-2919	41	17	and	and	CCONJ
cblr-2919	41	18	the	the	DET
cblr-2919	41	19	whole	whole	ADJ
cblr-2919	41	20	financial	financial	ADJ
cblr-2919	41	21	system	system	NOUN
cblr-2919	41	22	was	be	AUX
cblr-2919	41	23	pushed	push	VERB
cblr-2919	41	24	to	to	ADP
cblr-2919	41	25	the	the	DET
cblr-2919	41	26	brink	brink	NOUN
cblr-2919	41	27	of	of	ADP
cblr-2919	41	28	collapse	collapse	NOUN
cblr-2919	41	29	.	.	PUNCT
cblr-2919	42	1	today	today	NOUN
cblr-2919	42	2	the	the	DET
cblr-2919	42	3	private	private	ADJ
cblr-2919	42	4	mortgage	mortgage	NOUN
cblr-2919	42	5	securitization	securitization	NOUN
cblr-2919	42	6	market	market	NOUN
cblr-2919	42	7	is	be	AUX
cblr-2919	42	8	virtually	virtually	ADV
cblr-2919	42	9	non	non	ADJ
cblr-2919	42	10	-	-	ADJ
cblr-2919	42	11	existent	existent	ADJ
cblr-2919	42	12	,	,	PUNCT
cblr-2919	42	13	and	and	CCONJ
cblr-2919	42	14	only	only	ADV
cblr-2919	42	15	mortgage	mortgage	NOUN
cblr-2919	42	16	securities	security	NOUN
cblr-2919	42	17	guaranteed	guarantee	VERB
cblr-2919	42	18	by	by	ADP
cblr-2919	42	19	the	the	DET
cblr-2919	42	20	government	government	NOUN
cblr-2919	42	21	sponsored	sponsor	VERB
cblr-2919	42	22	enterprises	enterprise	NOUN
cblr-2919	42	23	(	(	PUNCT
cblr-2919	42	24	gses	gse	NOUN
cblr-2919	42	25	)	)	PUNCT
cblr-2919	42	26	,	,	PUNCT
cblr-2919	42	27	fannie	fannie	PROPN
cblr-2919	42	28	mae	mae	PROPN
cblr-2919	42	29	,	,	PUNCT
cblr-2919	42	30	freddie	freddie	PROPN
cblr-2919	42	31	mac	mac	PROPN
cblr-2919	42	32	,	,	PUNCT
cblr-2919	42	33	and	and	CCONJ
cblr-2919	42	34	ginnie	ginnie	PROPN
cblr-2919	42	35	mae	mae	PROPN
cblr-2919	42	36	,	,	PUNCT
cblr-2919	42	37	are	be	AUX
cblr-2919	42	38	bought	buy	VERB
cblr-2919	42	39	by	by	ADP
cblr-2919	42	40	investors	investor	NOUN
cblr-2919	42	41	.	.	PUNCT
cblr-2919	42	42	'	'	PUNCT
cblr-2919	43	1	responsibility	responsibility	NOUN
cblr-2919	43	2	for	for	ADP
cblr-2919	43	3	the	the	DET
cblr-2919	43	4	frozen	frozen	ADJ
cblr-2919	43	5	private	private	ADJ
cblr-2919	43	6	mortgage	mortgage	NOUN
cblr-2919	43	7	securitization	securitization	NOUN
cblr-2919	43	8	market	market	NOUN
cblr-2919	43	9	has	have	AUX
cblr-2919	43	10	been	be	AUX
cblr-2919	43	11	widely	widely	ADV
cblr-2919	43	12	assigned	assign	VERB
cblr-2919	43	13	to	to	ADP
cblr-2919	43	14	the	the	DET
cblr-2919	43	15	cras	cra	NOUN
cblr-2919	43	16	.	.	PUNCT
cblr-2919	43	17	'	'	PUNCT
cblr-2919	44	1	because	because	SCONJ
cblr-2919	44	2	mortgage	mortgage	NOUN
cblr-2919	44	3	securitization	securitization	NOUN
cblr-2919	44	4	is	be	AUX
cblr-2919	44	5	so	so	ADV
cblr-2919	44	6	important	important	ADJ
cblr-2919	44	7	to	to	ADP
cblr-2919	44	8	reviving	revive	VERB
cblr-2919	44	9	the	the	DET
cblr-2919	44	10	economy	economy	NOUN
cblr-2919	44	11	,	,	PUNCT
cblr-2919	44	12	the	the	DET
cblr-2919	44	13	federal	federal	ADJ
cblr-2919	44	14	government	government	NOUN
cblr-2919	44	15	,	,	PUNCT
cblr-2919	44	16	through	through	ADP
cblr-2919	44	17	its	its	PRON
cblr-2919	44	18	acquisition	acquisition	NOUN
cblr-2919	44	19	and	and	CCONJ
cblr-2919	44	20	subsidization	subsidization	NOUN
cblr-2919	44	21	of	of	ADP
cblr-2919	44	22	the	the	DET
cblr-2919	44	23	gses	gse	NOUN
cblr-2919	44	24	,	,	PUNCT
cblr-2919	44	25	has	have	AUX
cblr-2919	44	26	become	become	VERB
cblr-2919	44	27	an	an	DET
cblr-2919	44	28	underwriter	underwriter	NOUN
cblr-2919	44	29	and	and	CCONJ
cblr-2919	44	30	purchaser	purchaser	NOUN
cblr-2919	44	31	of	of	ADP
cblr-2919	44	32	rmbss	rmbss	NOUN
cblr-2919	44	33	and	and	CCONJ
cblr-2919	44	34	r	r	NOUN
cblr-2919	44	35	-	-	PUNCT
cblr-2919	44	36	cdos	cdo	NOUN
cblr-2919	44	37	.	.	PUNCT
cblr-2919	44	38	'	'	PUNCT
cblr-2919	45	1	it	it	PRON
cblr-2919	45	2	is	be	AUX
cblr-2919	45	3	not	not	PART
cblr-2919	45	4	a	a	DET
cblr-2919	45	5	desirable	desirable	ADJ
cblr-2919	45	6	solution	solution	NOUN
cblr-2919	45	7	,	,	PUNCT
cblr-2919	45	8	however	however	ADV
cblr-2919	45	9	,	,	PUNCT
cblr-2919	45	10	for	for	SCONJ
cblr-2919	45	11	the	the	DET
cblr-2919	45	12	government	government	NOUN
cblr-2919	45	13	to	to	PART
cblr-2919	45	14	act	act	VERB
cblr-2919	45	15	as	as	ADP
cblr-2919	45	16	a	a	DET
cblr-2919	45	17	long	long	ADJ
cblr-2919	45	18	-	-	PUNCT
cblr-2919	45	19	term	term	NOUN
cblr-2919	45	20	mortgage	mortgage	NOUN
cblr-2919	45	21	security	security	NOUN
cblr-2919	45	22	investor	investor	NOUN
cblr-2919	45	23	.	.	PUNCT
cblr-2919	45	24	'o	'o	PART
cblr-2919	46	1	this	this	DET
cblr-2919	46	2	note	note	NOUN
cblr-2919	46	3	's	's	PART
cblr-2919	46	4	proposal	proposal	NOUN
cblr-2919	46	5	'	'	PUNCT
cblr-2919	46	6	mark	mark	NOUN
cblr-2919	46	7	-	-	PUNCT
cblr-2919	46	8	to	to	ADP
cblr-2919	46	9	-	-	PUNCT
cblr-2919	46	10	market	market	NOUN
cblr-2919	46	11	means	mean	VERB
cblr-2919	46	12	that	that	SCONJ
cblr-2919	46	13	assets	asset	NOUN
cblr-2919	46	14	are	be	AUX
cblr-2919	46	15	valued	value	VERB
cblr-2919	46	16	on	on	ADP
cblr-2919	46	17	the	the	DET
cblr-2919	46	18	balance	balance	NOUN
cblr-2919	46	19	sheet	sheet	NOUN
cblr-2919	46	20	at	at	ADP
cblr-2919	46	21	market	market	NOUN
cblr-2919	46	22	values	value	NOUN
cblr-2919	46	23	.	.	PUNCT
cblr-2919	47	1	franklin	franklin	PROPN
cblr-2919	47	2	allen	allen	PROPN
cblr-2919	47	3	&	&	CCONJ
cblr-2919	47	4	elena	elena	PROPN
cblr-2919	47	5	carletti	carletti	PROPN
cblr-2919	47	6	,	,	PUNCT
cblr-2919	47	7	mark	mark	NOUN
cblr-2919	47	8	-	-	PUNCT
cblr-2919	47	9	to	to	ADP
cblr-2919	47	10	-	-	PUNCT
cblr-2919	47	11	market	market	NOUN
cblr-2919	47	12	accounting	accounting	NOUN
cblr-2919	47	13	and	and	CCONJ
cblr-2919	47	14	liquidity	liquidity	NOUN
cblr-2919	47	15	pricing	pricing	NOUN
cblr-2919	47	16	,	,	PUNCT
cblr-2919	47	17	45	45	NUM
cblr-2919	47	18	j.	j.	PROPN
cblr-2919	47	19	acct	acct	PROPN
cblr-2919	47	20	.	.	PROPN
cblr-2919	47	21	&	&	CCONJ
cblr-2919	47	22	econ	econ	PROPN
cblr-2919	47	23	.	.	PUNCT
cblr-2919	48	1	358	358	NUM
cblr-2919	48	2	,	,	PUNCT
cblr-2919	48	3	359	359	NUM
cblr-2919	48	4	(	(	PUNCT
cblr-2919	48	5	2008	2008	NUM
cblr-2919	48	6	)	)	PUNCT
cblr-2919	48	7	.	.	PUNCT
cblr-2919	48	8	'	'	PUNCT
cblr-2919	49	1	carr	carr	PROPN
cblr-2919	49	2	,	,	PUNCT
cblr-2919	49	3	supra	supra	PROPN
cblr-2919	49	4	note	note	PROPN
cblr-2919	49	5	3	3	NUM
cblr-2919	49	6	,	,	PUNCT
cblr-2919	49	7	at	at	ADP
cblr-2919	49	8	8	8	NUM
cblr-2919	49	9	.	.	NOUN
cblr-2919	49	10	6	6	NUM
cblr-2919	50	1	i	i	PROPN
cblr-2919	50	2	d.	d.	PROPN
cblr-2919	50	3	;	;	PUNCT
cblr-2919	50	4	see	see	VERB
cblr-2919	50	5	also	also	ADV
cblr-2919	50	6	michael	michael	PROPN
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cblr-2919	50	8	&	&	CCONJ
cblr-2919	50	9	david	david	PROPN
cblr-2919	50	10	einhorn	einhorn	PROPN
cblr-2919	50	11	,	,	PUNCT
cblr-2919	50	12	the	the	DET
cblr-2919	50	13	end	end	NOUN
cblr-2919	50	14	of	of	ADP
cblr-2919	50	15	the	the	DET
cblr-2919	50	16	financial	financial	ADJ
cblr-2919	50	17	world	world	NOUN
cblr-2919	50	18	as	as	SCONJ
cblr-2919	50	19	we	we	PRON
cblr-2919	50	20	know	know	VERB
cblr-2919	50	21	it	it	PRON
cblr-2919	50	22	,	,	PUNCT
cblr-2919	50	23	n.y	n.y	PROPN
cblr-2919	50	24	.	.	PROPN
cblr-2919	50	25	times	times	PROPN
cblr-2919	50	26	,	,	PUNCT
cblr-2919	50	27	jan	jan	PROPN
cblr-2919	50	28	.	.	PROPN
cblr-2919	50	29	3	3	NUM
cblr-2919	50	30	,	,	PUNCT
cblr-2919	50	31	2009	2009	NUM
cblr-2919	50	32	,	,	PUNCT
cblr-2919	50	33	at	at	ADP
cblr-2919	50	34	wk9	wk9	PROPN
cblr-2919	50	35	.	.	PUNCT
cblr-2919	51	1	see	see	VERB
cblr-2919	51	2	securities	security	NOUN
cblr-2919	51	3	industry	industry	NOUN
cblr-2919	51	4	and	and	CCONJ
cblr-2919	51	5	financial	financial	ADJ
cblr-2919	51	6	markets	market	NOUN
cblr-2919	51	7	association	association	NOUN
cblr-2919	51	8	,	,	PUNCT
cblr-2919	51	9	global	global	ADJ
cblr-2919	51	10	cdo	cdo	ADJ
cblr-2919	51	11	market	market	NOUN
cblr-2919	51	12	issuance	issuance	NOUN
cblr-2919	51	13	data	datum	NOUN
cblr-2919	51	14	2000	2000	NUM
cblr-2919	51	15	-	-	SYM
cblr-2919	51	16	2009	2009	NUM
cblr-2919	51	17	,	,	PUNCT
cblr-2919	51	18	http://www.sifma.org/	http://www.sifma.org/	NOUN
cblr-2919	51	19	uploadedfiles	uploadedfile	NOUN
cblr-2919	51	20	/	/	SYM
cblr-2919	51	21	research	research	NOUN
cblr-2919	51	22	/	/	SYM
cblr-2919	51	23	statistics	statistic	NOUN
cblr-2919	51	24	/	/	SYM
cblr-2919	51	25	sifmaglobalcdodata.pdf	sifmaglobalcdodata.pdf	X
cblr-2919	52	1	[	[	X
cblr-2919	52	2	hereinafter	hereinafter	NOUN
cblr-2919	52	3	sifma	sifma	NOUN
cblr-2919	52	4	cdo	cdo	PROPN
cblr-2919	52	5	]	]	X
cblr-2919	52	6	;	;	PUNCT
cblr-2919	52	7	securities	security	NOUN
cblr-2919	52	8	industry	industry	NOUN
cblr-2919	52	9	and	and	CCONJ
cblr-2919	52	10	financial	financial	ADJ
cblr-2919	52	11	markets	market	NOUN
cblr-2919	52	12	association	association	NOUN
cblr-2919	52	13	,	,	PUNCT
cblr-2919	52	14	research	research	VERB
cblr-2919	52	15	quarterly	quarterly	ADJ
cblr-2919	52	16	august	august	PROPN
cblr-2919	52	17	2009	2009	NUM
cblr-2919	52	18	,	,	PUNCT
cblr-2919	52	19	at	at	ADP
cblr-2919	52	20	9	9	NUM
cblr-2919	52	21	,	,	PUNCT
cblr-2919	52	22	http://www.sifma	http://www.sifma	NOUN
cblr-2919	52	23	.	.	PUNCT
cblr-2919	53	1	org	org	ADJ
cblr-2919	53	2	/	/	SYM
cblr-2919	53	3	research/	research/	NUM
cblr-2919	53	4	pdflrrvol4-8.pdf	pdflrrvol4-8.pdf	NOUN
cblr-2919	53	5	[	[	X
cblr-2919	53	6	hereinafter	hereinafter	NOUN
cblr-2919	53	7	sifma	sifma	NOUN
cblr-2919	53	8	rmbs	rmb	NOUN
cblr-2919	53	9	]	]	PUNCT
cblr-2919	53	10	.	.	PUNCT
cblr-2919	54	1	8	8	NUM
cblr-2919	54	2	see	see	VERB
cblr-2919	54	3	infra	infra	NOUN
cblr-2919	54	4	part	part	NOUN
cblr-2919	54	5	iv	iv	NOUN
cblr-2919	54	6	.	.	PUNCT
cblr-2919	54	7	*	*	PUNCT
cblr-2919	55	1	dashed	dash	VERB
cblr-2919	55	2	expectations	expectation	NOUN
cblr-2919	55	3	;	;	PUNCT
cblr-2919	55	4	america	america	PROPN
cblr-2919	55	5	's	's	PART
cblr-2919	55	6	bank	bank	NOUN
cblr-2919	55	7	bail	bail	NOUN
cblr-2919	55	8	-	-	PUNCT
cblr-2919	55	9	out	out	NOUN
cblr-2919	55	10	,	,	PUNCT
cblr-2919	55	11	economist	economist	NOUN
cblr-2919	55	12	,	,	PUNCT
cblr-2919	55	13	feb	feb	PROPN
cblr-2919	55	14	.	.	PROPN
cblr-2919	55	15	14	14	NUM
cblr-2919	55	16	,	,	PUNCT
cblr-2919	55	17	2009	2009	NUM
cblr-2919	55	18	,	,	PUNCT
cblr-2919	55	19	at	at	ADP
cblr-2919	55	20	83	83	NUM
cblr-2919	55	21	;	;	PUNCT
cblr-2919	55	22	see	see	VERB
cblr-2919	55	23	also	also	ADV
cblr-2919	55	24	ben	ben	PROPN
cblr-2919	55	25	s.	s.	PROPN
cblr-2919	55	26	bernanke	bernanke	PROPN
cblr-2919	55	27	,	,	PUNCT
cblr-2919	55	28	chairman	chairman	NOUN
cblr-2919	55	29	,	,	PUNCT
cblr-2919	55	30	bd	bd	PROPN
cblr-2919	55	31	.	.	PROPN
cblr-2919	55	32	of	of	ADP
cblr-2919	55	33	governors	governor	NOUN
cblr-2919	55	34	of	of	ADP
cblr-2919	55	35	the	the	DET
cblr-2919	55	36	fed	fed	PROPN
cblr-2919	55	37	.	.	PUNCT
cblr-2919	56	1	reserve	reserve	PROPN
cblr-2919	56	2	sys	sys	PROPN
cblr-2919	56	3	.	.	PROPN
cblr-2919	56	4	,	,	PUNCT
cblr-2919	56	5	address	address	NOUN
cblr-2919	56	6	at	at	ADP
cblr-2919	56	7	the	the	DET
cblr-2919	56	8	uc	uc	PROPN
cblr-2919	56	9	berkley	berkley	PROPN
cblr-2919	56	10	/	/	SYM
cblr-2919	56	11	ucla	ucla	NOUN
cblr-2919	56	12	symposium	symposium	NOUN
cblr-2919	56	13	:	:	PUNCT
cblr-2919	56	14	the	the	DET
cblr-2919	56	15	mortgage	mortgage	NOUN
cblr-2919	56	16	meltdown	meltdown	NOUN
cblr-2919	56	17	,	,	PUNCT
cblr-2919	56	18	the	the	DET
cblr-2919	56	19	economy	economy	NOUN
cblr-2919	56	20	,	,	PUNCT
cblr-2919	56	21	and	and	CCONJ
cblr-2919	56	22	public	public	ADJ
cblr-2919	56	23	policy	policy	NOUN
cblr-2919	56	24	(	(	PUNCT
cblr-2919	56	25	oct	oct	PROPN
cblr-2919	56	26	.	.	PROPN
cblr-2919	56	27	31	31	NUM
cblr-2919	56	28	,	,	PUNCT
cblr-2919	56	29	2008	2008	NUM
cblr-2919	56	30	)	)	PUNCT
cblr-2919	56	31	(	(	PUNCT
cblr-2919	56	32	transcript	transcript	NOUN
cblr-2919	56	33	available	available	ADJ
cblr-2919	56	34	at	at	ADP
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cblr-2919	56	36	bernanke20081031a.htm	bernanke20081031a.htm	PROPN
cblr-2919	56	37	)	)	PUNCT
cblr-2919	56	38	;	;	PUNCT
cblr-2919	56	39	sifma	sifma	NOUN
cblr-2919	56	40	rmbs	rmb	NOUN
cblr-2919	56	41	,	,	PUNCT
cblr-2919	56	42	supra	supra	PROPN
cblr-2919	56	43	note	note	NOUN
cblr-2919	56	44	7	7	NUM
cblr-2919	56	45	,	,	PUNCT
cblr-2919	56	46	at	at	ADP
cblr-2919	56	47	9	9	NUM
cblr-2919	56	48	.	.	PUNCT
cblr-2919	56	49	1o	1o	NOUN
cblr-2919	57	1	the	the	DET
cblr-2919	57	2	recent	recent	ADJ
cblr-2919	57	3	history	history	NOUN
cblr-2919	57	4	of	of	ADP
cblr-2919	57	5	the	the	DET
cblr-2919	57	6	gses	gse	NOUN
cblr-2919	57	7	,	,	PUNCT
cblr-2919	57	8	namely	namely	ADV
cblr-2919	57	9	the	the	DET
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cblr-2919	57	12	's	's	PART
cblr-2919	57	13	implicit	implicit	ADJ
cblr-2919	57	14	backing	backing	NOUN
cblr-2919	57	15	of	of	ADP
cblr-2919	57	16	their	their	PRON
cblr-2919	57	17	ruinous	ruinous	ADJ
cblr-2919	57	18	risk	risk	NOUN
cblr-2919	57	19	-	-	PUNCT
cblr-2919	57	20	taking	taking	NOUN
cblr-2919	57	21	and	and	CCONJ
cblr-2919	57	22	growth	growth	NOUN
cblr-2919	57	23	,	,	PUNCT
cblr-2919	57	24	serves	serve	VERB
cblr-2919	57	25	as	as	ADP
cblr-2919	57	26	the	the	DET
cblr-2919	57	27	prime	prime	ADJ
cblr-2919	57	28	example	example	NOUN
cblr-2919	57	29	of	of	ADP
cblr-2919	57	30	why	why	SCONJ
cblr-2919	57	31	the	the	DET
cblr-2919	57	32	government	government	NOUN
cblr-2919	57	33	should	should	AUX
cblr-2919	57	34	minimize	minimize	VERB
cblr-2919	57	35	its	its	PRON
cblr-2919	57	36	involvement	involvement	NOUN
cblr-2919	57	37	in	in	ADP
cblr-2919	57	38	insuring	insure	VERB
cblr-2919	57	39	and	and	CCONJ
cblr-2919	57	40	purchasing	purchase	VERB
cblr-2919	57	41	these	these	DET
cblr-2919	57	42	securities	security	NOUN
cblr-2919	57	43	.	.	PUNCT
cblr-2919	58	1	see	see	VERB
cblr-2919	58	2	parts	part	NOUN
cblr-2919	58	3	v	v	NOUN
cblr-2919	58	4	and	and	CCONJ
cblr-2919	58	5	vi	vi	VERB
cblr-2919	58	6	for	for	ADP
cblr-2919	58	7	an	an	DET
cblr-2919	58	8	explanation	explanation	NOUN
cblr-2919	58	9	of	of	ADP
cblr-2919	58	10	why	why	SCONJ
cblr-2919	58	11	government	government	NOUN
cblr-2919	58	12	rating	rating	NOUN
cblr-2919	58	13	of	of	ADP
cblr-2919	58	14	securities	security	NOUN
cblr-2919	58	15	does	do	AUX
cblr-2919	58	16	not	not	PART
cblr-2919	58	17	lead	lead	VERB
cblr-2919	58	18	to	to	ADP
cblr-2919	58	19	the	the	DET
cblr-2919	58	20	247	247	NUM
cblr-2919	58	21	hopes	hope	NOUN
cblr-2919	58	22	to	to	PART
cblr-2919	58	23	revive	revive	VERB
cblr-2919	58	24	private	private	ADJ
cblr-2919	58	25	mortgage	mortgage	NOUN
cblr-2919	58	26	securitization	securitization	NOUN
cblr-2919	58	27	with	with	ADP
cblr-2919	58	28	significantly	significantly	ADV
cblr-2919	58	29	less	less	ADV
cblr-2919	58	30	expansive	expansive	ADJ
cblr-2919	58	31	government	government	NOUN
cblr-2919	58	32	intervention	intervention	NOUN
cblr-2919	58	33	.	.	PUNCT
cblr-2919	59	1	to	to	PART
cblr-2919	59	2	restart	restart	VERB
cblr-2919	59	3	the	the	DET
cblr-2919	59	4	non	non	ADJ
cblr-2919	59	5	-	-	ADJ
cblr-2919	59	6	gse	gse	ADJ
cblr-2919	59	7	rmbs	rmb	NOUN
cblr-2919	59	8	and	and	CCONJ
cblr-2919	59	9	r	r	NOUN
cblr-2919	59	10	-	-	PUNCT
cblr-2919	59	11	cdo	cdo	ADJ
cblr-2919	59	12	market	market	NOUN
cblr-2919	59	13	and	and	CCONJ
cblr-2919	59	14	to	to	PART
cblr-2919	59	15	ensure	ensure	VERB
cblr-2919	59	16	its	its	PRON
cblr-2919	59	17	continued	continue	VERB
cblr-2919	59	18	functioning	functioning	NOUN
cblr-2919	59	19	,	,	PUNCT
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cblr-2919	59	21	note	note	NOUN
cblr-2919	59	22	argues	argue	VERB
cblr-2919	59	23	that	that	SCONJ
cblr-2919	59	24	a	a	DET
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cblr-2919	59	26	government	government	NOUN
cblr-2919	59	27	entity	entity	NOUN
cblr-2919	59	28	(	(	PUNCT
cblr-2919	59	29	"	"	PUNCT
cblr-2919	59	30	the	the	DET
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cblr-2919	59	32	"	"	PUNCT
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cblr-2919	59	35	to	to	PART
cblr-2919	59	36	take	take	VERB
cblr-2919	59	37	the	the	DET
cblr-2919	59	38	place	place	NOUN
cblr-2919	59	39	of	of	ADP
cblr-2919	59	40	the	the	DET
cblr-2919	59	41	cras	cras	X
cblr-2919	59	42	in	in	ADP
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cblr-2919	59	44	rmbss	rmbss	NOUN
cblr-2919	59	45	and	and	CCONJ
cblr-2919	59	46	r	r	NOUN
cblr-2919	59	47	-	-	PUNCT
cblr-2919	59	48	cdos	cdo	NOUN
cblr-2919	59	49	.	.	PUNCT
cblr-2919	60	1	inaccurate	inaccurate	ADJ
cblr-2919	60	2	rmbs	rmb	NOUN
cblr-2919	60	3	and	and	CCONJ
cblr-2919	60	4	r	r	NOUN
cblr-2919	60	5	-	-	PUNCT
cblr-2919	60	6	cdo	cdo	ADJ
cblr-2919	60	7	ratings	rating	NOUN
cblr-2919	60	8	are	be	AUX
cblr-2919	60	9	caused	cause	VERB
cblr-2919	60	10	in	in	ADP
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cblr-2919	60	12	part	part	NOUN
cblr-2919	60	13	by	by	ADP
cblr-2919	60	14	the	the	DET
cblr-2919	60	15	"	"	PUNCT
cblr-2919	60	16	issuer	issuer	NOUN
cblr-2919	60	17	pays	pay	VERB
cblr-2919	60	18	"	"	PUNCT
cblr-2919	60	19	system	system	NOUN
cblr-2919	60	20	of	of	ADP
cblr-2919	60	21	financing	financing	NOUN
cblr-2919	60	22	,	,	PUNCT
cblr-2919	60	23	whereby	whereby	SCONJ
cblr-2919	60	24	issuers	issuer	NOUN
cblr-2919	60	25	of	of	ADP
cblr-2919	60	26	securities	security	NOUN
cblr-2919	60	27	pay	pay	VERB
cblr-2919	60	28	the	the	DET
cblr-2919	60	29	cras	cra	NOUN
cblr-2919	60	30	for	for	ADP
cblr-2919	60	31	credit	credit	NOUN
cblr-2919	60	32	ratings	rating	NOUN
cblr-2919	60	33	,	,	PUNCT
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cblr-2919	60	35	creating	create	VERB
cblr-2919	60	36	an	an	DET
cblr-2919	60	37	obvious	obvious	ADJ
cblr-2919	60	38	conflict	conflict	NOUN
cblr-2919	60	39	of	of	ADP
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cblr-2919	60	47	cras	cras	X
cblr-2919	60	48	claim	claim	VERB
cblr-2919	60	49	that	that	SCONJ
cblr-2919	60	50	the	the	DET
cblr-2919	60	51	cras	cras	X
cblr-2919	60	52	'	'	PART
cblr-2919	60	53	incentive	incentive	NOUN
cblr-2919	60	54	to	to	PART
cblr-2919	60	55	maintain	maintain	VERB
cblr-2919	60	56	a	a	DET
cblr-2919	60	57	strong	strong	ADJ
cblr-2919	60	58	reputation	reputation	NOUN
cblr-2919	60	59	(	(	PUNCT
cblr-2919	60	60	"	"	PUNCT
cblr-2919	60	61	reputational	reputational	ADJ
cblr-2919	60	62	capital	capital	NOUN
cblr-2919	60	63	"	"	PUNCT
cblr-2919	60	64	)	)	PUNCT
cblr-2919	60	65	outweighs	outweigh	VERB
cblr-2919	60	66	their	their	PRON
cblr-2919	60	67	desire	desire	NOUN
cblr-2919	60	68	in	in	ADP
cblr-2919	60	69	any	any	DET
cblr-2919	60	70	individual	individual	ADJ
cblr-2919	60	71	case	case	NOUN
cblr-2919	60	72	to	to	PART
cblr-2919	60	73	profit	profit	VERB
cblr-2919	60	74	from	from	ADP
cblr-2919	60	75	inflated	inflated	ADJ
cblr-2919	60	76	ratings.12	ratings.12	NOUN
cblr-2919	60	77	the	the	DET
cblr-2919	60	78	current	current	ADJ
cblr-2919	60	79	financial	financial	ADJ
cblr-2919	60	80	crisis	crisis	NOUN
cblr-2919	60	81	,	,	PUNCT
cblr-2919	60	82	however	however	ADV
cblr-2919	60	83	,	,	PUNCT
cblr-2919	60	84	disproves	disprove	VERB
cblr-2919	60	85	this	this	DET
cblr-2919	60	86	claim	claim	NOUN
cblr-2919	60	87	and	and	CCONJ
cblr-2919	60	88	instead	instead	ADV
cblr-2919	60	89	indicates	indicate	VERB
cblr-2919	60	90	that	that	SCONJ
cblr-2919	60	91	the	the	DET
cblr-2919	60	92	conflict	conflict	NOUN
cblr-2919	60	93	of	of	ADP
cblr-2919	60	94	interests	interest	NOUN
cblr-2919	60	95	inherent	inherent	ADJ
cblr-2919	60	96	in	in	ADP
cblr-2919	60	97	issuer	issuer	ADJ
cblr-2919	60	98	financing	financing	NOUN
cblr-2919	60	99	have	have	AUX
cblr-2919	60	100	overcome	overcome	VERB
cblr-2919	60	101	the	the	DET
cblr-2919	60	102	reputational	reputational	ADJ
cblr-2919	60	103	capital	capital	NOUN
cblr-2919	60	104	constraint	constraint	NOUN
cblr-2919	60	105	and	and	CCONJ
cblr-2919	60	106	resulted	result	VERB
cblr-2919	60	107	in	in	ADP
cblr-2919	60	108	inflated	inflated	ADJ
cblr-2919	60	109	rmbs	rmb	NOUN
cblr-2919	60	110	and	and	CCONJ
cblr-2919	60	111	r	r	NOUN
cblr-2919	60	112	-	-	PUNCT
cblr-2919	60	113	cdo	cdo	ADJ
cblr-2919	60	114	ratings.13	ratings.13	NOUN
cblr-2919	60	115	since	since	SCONJ
cblr-2919	60	116	the	the	DET
cblr-2919	60	117	issuer	issuer	NOUN
cblr-2919	60	118	pays	pay	VERB
cblr-2919	60	119	model	model	NOUN
cblr-2919	60	120	is	be	AUX
cblr-2919	60	121	unlikely	unlikely	ADJ
cblr-2919	60	122	to	to	PART
cblr-2919	60	123	change	change	VERB
cblr-2919	60	124	,	,	PUNCT
cblr-2919	60	125	"	"	PUNCT
cblr-2919	60	126	the	the	DET
cblr-2919	60	127	cras	cras	X
cblr-2919	60	128	will	will	AUX
cblr-2919	60	129	continue	continue	VERB
cblr-2919	60	130	to	to	PART
cblr-2919	60	131	be	be	AUX
cblr-2919	60	132	incentivized	incentivize	VERB
cblr-2919	60	133	to	to	PART
cblr-2919	60	134	inflate	inflate	VERB
cblr-2919	60	135	rmbs	rmb	NOUN
cblr-2919	60	136	and	and	CCONJ
cblr-2919	60	137	r	r	NOUN
cblr-2919	60	138	-	-	PUNCT
cblr-2919	60	139	cdo	cdo	ADJ
cblr-2919	60	140	ratings	rating	NOUN
cblr-2919	60	141	,	,	PUNCT
cblr-2919	60	142	and	and	CCONJ
cblr-2919	60	143	investors	investor	NOUN
cblr-2919	60	144	and	and	CCONJ
cblr-2919	60	145	regulators	regulator	NOUN
cblr-2919	60	146	will	will	AUX
cblr-2919	60	147	probably	probably	ADV
cblr-2919	60	148	distrust	distrust	VERB
cblr-2919	60	149	cra	cra	PROPN
cblr-2919	60	150	ratings	rating	NOUN
cblr-2919	60	151	of	of	ADP
cblr-2919	60	152	r	r	NOUN
cblr-2919	60	153	-	-	PUNCT
cblr-2919	60	154	cdos	cdo	NOUN
cblr-2919	60	155	and	and	CCONJ
cblr-2919	60	156	rmbss	rmbss	NOUN
cblr-2919	60	157	for	for	ADP
cblr-2919	60	158	the	the	DET
cblr-2919	60	159	foreseeable	foreseeable	ADJ
cblr-2919	60	160	future	future	NOUN
cblr-2919	60	161	.	.	PUNCT
cblr-2919	60	162	'	'	PUNCT
cblr-2919	60	163	"	"	PUNCT
cblr-2919	60	164	on	on	ADP
cblr-2919	60	165	the	the	DET
cblr-2919	60	166	other	other	ADJ
cblr-2919	60	167	hand	hand	NOUN
cblr-2919	60	168	,	,	PUNCT
cblr-2919	60	169	this	this	DET
cblr-2919	60	170	note	note	NOUN
cblr-2919	60	171	will	will	AUX
cblr-2919	60	172	show	show	VERB
cblr-2919	60	173	that	that	SCONJ
cblr-2919	60	174	a	a	DET
cblr-2919	60	175	government	government	NOUN
cblr-2919	60	176	entity	entity	NOUN
cblr-2919	60	177	can	can	AUX
cblr-2919	60	178	effectively	effectively	ADV
cblr-2919	60	179	rate	rate	VERB
cblr-2919	60	180	r	r	NOUN
cblr-2919	60	181	-	-	PUNCT
cblr-2919	60	182	cdos	cdo	NOUN
cblr-2919	60	183	and	and	CCONJ
cblr-2919	60	184	rmbss	rmbss	NOUN
cblr-2919	60	185	.	.	PUNCT
cblr-2919	60	186	same	same	ADJ
cblr-2919	60	187	problems	problem	NOUN
cblr-2919	60	188	as	as	ADP
cblr-2919	60	189	the	the	DET
cblr-2919	60	190	government	government	NOUN
cblr-2919	60	191	,	,	PUNCT
cblr-2919	60	192	whether	whether	SCONJ
cblr-2919	60	193	by	by	ADP
cblr-2919	60	194	itself	itself	PRON
cblr-2919	60	195	or	or	CCONJ
cblr-2919	60	196	through	through	ADP
cblr-2919	60	197	implicit	implicit	ADJ
cblr-2919	60	198	backing	backing	NOUN
cblr-2919	60	199	of	of	ADP
cblr-2919	60	200	the	the	DET
cblr-2919	60	201	gses	gse	NOUN
cblr-2919	60	202	,	,	PUNCT
cblr-2919	60	203	purchasing	purchase	VERB
cblr-2919	60	204	and	and	CCONJ
cblr-2919	60	205	insuring	insure	VERB
cblr-2919	60	206	the	the	DET
cblr-2919	60	207	securities	security	NOUN
cblr-2919	60	208	.	.	PUNCT
cblr-2919	61	1	n	n	PRON
cblr-2919	61	2	see	see	VERB
cblr-2919	61	3	infra	infra	NOUN
cblr-2919	61	4	part	part	NOUN
cblr-2919	61	5	iii	iii	PROPN
cblr-2919	61	6	.	.	PROPN
cblr-2919	61	7	1	1	NUM
cblr-2919	61	8	see	see	VERB
cblr-2919	61	9	claire	claire	PROPN
cblr-2919	61	10	a.	a.	PROPN
cblr-2919	61	11	hill	hill	PROPN
cblr-2919	61	12	,	,	PUNCT
cblr-2919	61	13	regulating	regulate	VERB
cblr-2919	61	14	the	the	DET
cblr-2919	61	15	rating	rating	NOUN
cblr-2919	61	16	agencies	agency	NOUN
cblr-2919	61	17	,	,	PUNCT
cblr-2919	61	18	82	82	NUM
cblr-2919	61	19	wash	wash	NOUN
cblr-2919	61	20	.	.	PUNCT
cblr-2919	62	1	u.	u.	PROPN
cblr-2919	62	2	l.q	l.q	PROPN
cblr-2919	62	3	.	.	PROPN
cblr-2919	62	4	43	43	NUM
cblr-2919	62	5	,	,	PUNCT
cblr-2919	62	6	50	50	NUM
cblr-2919	62	7	-	-	SYM
cblr-2919	62	8	51	51	NUM
cblr-2919	62	9	(	(	PUNCT
cblr-2919	62	10	2004	2004	NUM
cblr-2919	62	11	)	)	PUNCT
cblr-2919	62	12	;	;	PUNCT
cblr-2919	62	13	steven	steven	PROPN
cblr-2919	62	14	l.	l.	PROPN
cblr-2919	62	15	schwarcz	schwarcz	PROPN
cblr-2919	62	16	,	,	PUNCT
cblr-2919	62	17	private	private	ADJ
cblr-2919	62	18	ordering	ordering	NOUN
cblr-2919	62	19	of	of	ADP
cblr-2919	62	20	public	public	ADJ
cblr-2919	62	21	markets	market	NOUN
cblr-2919	62	22	:	:	PUNCT
cblr-2919	62	23	the	the	DET
cblr-2919	62	24	rating	rating	NOUN
cblr-2919	62	25	agency	agency	NOUN
cblr-2919	62	26	paradox	paradox	NOUN
cblr-2919	62	27	,	,	PUNCT
cblr-2919	62	28	2002	2002	NUM
cblr-2919	62	29	u.	u.	PROPN
cblr-2919	62	30	ill	ill	PROPN
cblr-2919	62	31	.	.	PUNCT
cblr-2919	63	1	l.	l.	PROPN
cblr-2919	63	2	rev	rev	PROPN
cblr-2919	63	3	.	.	PROPN
cblr-2919	63	4	1	1	NUM
cblr-2919	63	5	,	,	PUNCT
cblr-2919	63	6	14	14	NUM
cblr-2919	63	7	(	(	PUNCT
cblr-2919	63	8	2002	2002	NUM
cblr-2919	63	9	)	)	PUNCT
cblr-2919	63	10	;	;	PUNCT
cblr-2919	63	11	fabian	fabian	ADJ
cblr-2919	63	12	dittrich	dittrich	NOUN
cblr-2919	63	13	,	,	PUNCT
cblr-2919	63	14	the	the	DET
cblr-2919	63	15	credit	credit	NOUN
cblr-2919	63	16	rating	rating	NOUN
cblr-2919	63	17	industry	industry	NOUN
cblr-2919	63	18	:	:	PUNCT
cblr-2919	63	19	competition	competition	NOUN
cblr-2919	63	20	and	and	CCONJ
cblr-2919	63	21	regulation	regulation	NOUN
cblr-2919	63	22	21	21	NUM
cblr-2919	63	23	-	-	SYM
cblr-2919	63	24	52	52	NUM
cblr-2919	63	25	(	(	PUNCT
cblr-2919	63	26	june	june	PROPN
cblr-2919	63	27	4	4	NUM
cblr-2919	63	28	,	,	PUNCT
cblr-2919	63	29	2007	2007	NUM
cblr-2919	63	30	)	)	PUNCT
cblr-2919	63	31	(	(	PUNCT
cblr-2919	63	32	unpublished	unpublished	ADJ
cblr-2919	63	33	ph.d	ph.d	PROPN
cblr-2919	63	34	.	.	PUNCT
cblr-2919	64	1	dissertation	dissertation	NOUN
cblr-2919	64	2	,	,	PUNCT
cblr-2919	64	3	university	university	NOUN
cblr-2919	64	4	of	of	ADP
cblr-2919	64	5	cologne	cologne	NOUN
cblr-2919	64	6	)	)	PUNCT
cblr-2919	64	7	,	,	PUNCT
cblr-2919	64	8	available	available	ADJ
cblr-2919	64	9	at	at	ADP
cblr-2919	64	10	http://papers.ssrn.com/sol3/papers.cfm?abstractlid=991821	http://papers.ssrn.com/sol3/papers.cfm?abstractlid=991821	PROPN
cblr-2919	64	11	.	.	PROPN
cblr-2919	65	1	13	13	NUM
cblr-2919	65	2	see	see	VERB
cblr-2919	65	3	infra	infra	NOUN
cblr-2919	65	4	part	part	NOUN
cblr-2919	65	5	iv	iv	NOUN
cblr-2919	65	6	.	.	PUNCT
cblr-2919	65	7	"	"	PUNCT
cblr-2919	66	1	see	see	VERB
cblr-2919	66	2	infra	infra	NOUN
cblr-2919	66	3	part	part	NOUN
cblr-2919	66	4	iii.a	iii.a	PROPN
cblr-2919	66	5	.	.	PUNCT
cblr-2919	66	6	"	"	PUNCT
cblr-2919	67	1	see	see	VERB
cblr-2919	67	2	john	john	PROPN
cblr-2919	67	3	patrick	patrick	PROPN
cblr-2919	67	4	hunt	hunt	PROPN
cblr-2919	67	5	,	,	PUNCT
cblr-2919	67	6	credit	credit	NOUN
cblr-2919	67	7	rating	rating	NOUN
cblr-2919	67	8	agencies	agency	NOUN
cblr-2919	67	9	and	and	CCONJ
cblr-2919	67	10	the	the	DET
cblr-2919	67	11	"	"	PUNCT
cblr-2919	67	12	worldwide	worldwide	ADJ
cblr-2919	67	13	credit	credit	NOUN
cblr-2919	67	14	crisis	crisis	NOUN
cblr-2919	67	15	"	"	PUNCT
cblr-2919	67	16	:	:	PUNCT
cblr-2919	67	17	the	the	DET
cblr-2919	67	18	limits	limit	NOUN
cblr-2919	67	19	of	of	ADP
cblr-2919	67	20	reputation	reputation	NOUN
cblr-2919	67	21	,	,	PUNCT
cblr-2919	67	22	the	the	DET
cblr-2919	67	23	insufficiency	insufficiency	NOUN
cblr-2919	67	24	of	of	ADP
cblr-2919	67	25	reform	reform	NOUN
cblr-2919	67	26	,	,	PUNCT
cblr-2919	67	27	and	and	CCONJ
cblr-2919	67	28	a	a	DET
cblr-2919	67	29	proposal	proposal	NOUN
cblr-2919	67	30	for	for	ADP
cblr-2919	67	31	improvement	improvement	NOUN
cblr-2919	67	32	,	,	PUNCT
cblr-2919	67	33	2009	2009	NUM
cblr-2919	67	34	colum	colum	NOUN
cblr-2919	67	35	.	.	PUNCT
cblr-2919	68	1	bus	bus	NOUN
cblr-2919	68	2	.	.	PUNCT
cblr-2919	69	1	l.	l.	PROPN
cblr-2919	69	2	rev	rev	PROPN
cblr-2919	69	3	.	.	PROPN
cblr-2919	69	4	109	109	NUM
cblr-2919	69	5	,	,	PUNCT
cblr-2919	69	6	155	155	NUM
cblr-2919	69	7	,	,	PUNCT
cblr-2919	69	8	170	170	NUM
cblr-2919	69	9	-	-	SYM
cblr-2919	69	10	76	76	NUM
cblr-2919	69	11	.	.	PUNCT
cblr-2919	70	1	248	248	NUM
cblr-2919	70	2	col	col	PROPN
cblr-2919	70	3	umbia	umbia	PROPN
cblr-2919	70	4	b	b	PROPN
cblr-2919	70	5	usiness	usiness	PROPN
cblr-2919	70	6	la	la	PROPN
cblr-2919	70	7	w	w	PROPN
cblr-2919	70	8	re	re	PROPN
cblr-2919	70	9	vie	vie	PROPN
cblr-2919	70	10	w	w	PROPN
cblr-2919	71	1	[	[	X
cblr-2919	71	2	vol	vol	NOUN
cblr-2919	71	3	.	.	PUNCT
cblr-2919	72	1	2010	2010	NUM
cblr-2919	72	2	no	no	INTJ
cblr-2919	72	3	.	.	PUNCT
cblr-2919	73	1	1:245	1:245	NUM
cblr-2919	73	2	]	]	X
cblr-2919	73	3	mortgage	mortgage	NOUN
cblr-2919	73	4	credit	credit	NOUN
cblr-2919	73	5	ratings	rating	NOUN
cblr-2919	73	6	and	and	CCONJ
cblr-2919	73	7	financial	financial	ADJ
cblr-2919	73	8	crisis	crisis	NOUN
cblr-2919	73	9	this	this	DET
cblr-2919	73	10	note	note	NOUN
cblr-2919	73	11	makes	make	VERB
cblr-2919	73	12	the	the	DET
cblr-2919	73	13	case	case	NOUN
cblr-2919	73	14	for	for	ADP
cblr-2919	73	15	the	the	DET
cblr-2919	73	16	nationalization	nationalization	NOUN
cblr-2919	73	17	of	of	ADP
cblr-2919	73	18	rmbs	rmb	NOUN
cblr-2919	73	19	and	and	CCONJ
cblr-2919	73	20	r	r	NOUN
cblr-2919	73	21	-	-	PUNCT
cblr-2919	73	22	cdo	cdo	ADJ
cblr-2919	73	23	ratings	rating	NOUN
cblr-2919	73	24	in	in	ADP
cblr-2919	73	25	the	the	DET
cblr-2919	73	26	following	following	ADJ
cblr-2919	73	27	manner	manner	NOUN
cblr-2919	73	28	.	.	PUNCT
cblr-2919	74	1	part	part	PROPN
cblr-2919	74	2	ii	ii	PROPN
cblr-2919	74	3	presents	present	VERB
cblr-2919	74	4	a	a	DET
cblr-2919	74	5	short	short	ADJ
cblr-2919	74	6	background	background	NOUN
cblr-2919	74	7	of	of	ADP
cblr-2919	74	8	the	the	DET
cblr-2919	74	9	mortgage	mortgage	NOUN
cblr-2919	74	10	security	security	NOUN
cblr-2919	74	11	and	and	CCONJ
cblr-2919	74	12	cra	cra	PROPN
cblr-2919	74	13	industry	industry	NOUN
cblr-2919	74	14	.	.	PUNCT
cblr-2919	75	1	part	part	NOUN
cblr-2919	75	2	iii	iii	NOUN
cblr-2919	75	3	analyzes	analyze	VERB
cblr-2919	75	4	the	the	DET
cblr-2919	75	5	three	three	NUM
cblr-2919	75	6	dominant	dominant	ADJ
cblr-2919	75	7	factors	factor	NOUN
cblr-2919	75	8	of	of	ADP
cblr-2919	75	9	cra	cra	PROPN
cblr-2919	75	10	behavior	behavior	NOUN
cblr-2919	75	11	:	:	PUNCT
cblr-2919	75	12	(	(	PUNCT
cblr-2919	75	13	1	1	X
cblr-2919	75	14	)	)	PUNCT
cblr-2919	75	15	the	the	DET
cblr-2919	75	16	dominance	dominance	NOUN
cblr-2919	75	17	of	of	ADP
cblr-2919	75	18	the	the	DET
cblr-2919	75	19	issuer	issuer	NOUN
cblr-2919	75	20	pays	pay	VERB
cblr-2919	75	21	model	model	PROPN
cblr-2919	75	22	,	,	PUNCT
cblr-2919	75	23	(	(	PUNCT
cblr-2919	75	24	2	2	X
cblr-2919	75	25	)	)	PUNCT
cblr-2919	75	26	the	the	DET
cblr-2919	75	27	role	role	NOUN
cblr-2919	75	28	of	of	ADP
cblr-2919	75	29	reputational	reputational	ADJ
cblr-2919	75	30	capital	capital	NOUN
cblr-2919	75	31	,	,	PUNCT
cblr-2919	75	32	and	and	CCONJ
cblr-2919	75	33	(	(	PUNCT
cblr-2919	75	34	3	3	X
cblr-2919	75	35	)	)	PUNCT
cblr-2919	75	36	the	the	DET
cblr-2919	75	37	oligopolistic	oligopolistic	ADJ
cblr-2919	75	38	structure	structure	NOUN
cblr-2919	75	39	of	of	ADP
cblr-2919	75	40	the	the	DET
cblr-2919	75	41	industry	industry	NOUN
cblr-2919	75	42	.	.	PUNCT
cblr-2919	76	1	this	this	DET
cblr-2919	76	2	part	part	NOUN
cblr-2919	76	3	restates	restate	VERB
cblr-2919	76	4	the	the	DET
cblr-2919	76	5	current	current	ADJ
cblr-2919	76	6	scholarly	scholarly	ADJ
cblr-2919	76	7	view	view	NOUN
cblr-2919	76	8	that	that	SCONJ
cblr-2919	76	9	the	the	DET
cblr-2919	76	10	incentive	incentive	NOUN
cblr-2919	76	11	and	and	CCONJ
cblr-2919	76	12	regulatory	regulatory	ADJ
cblr-2919	76	13	structure	structure	NOUN
cblr-2919	76	14	guiding	guide	VERB
cblr-2919	76	15	the	the	DET
cblr-2919	76	16	cras	cras	PROPN
cblr-2919	76	17	is	be	AUX
cblr-2919	76	18	suboptimal	suboptimal	ADJ
cblr-2919	76	19	.	.	PUNCT
cblr-2919	77	1	part	part	NOUN
cblr-2919	77	2	iv	iv	NOUN
cblr-2919	77	3	of	of	ADP
cblr-2919	77	4	this	this	DET
cblr-2919	77	5	note	note	NOUN
cblr-2919	77	6	examines	examine	VERB
cblr-2919	77	7	how	how	SCONJ
cblr-2919	77	8	the	the	DET
cblr-2919	77	9	cras	cras	PROPN
cblr-2919	77	10	proximately	proximately	ADV
cblr-2919	77	11	caused	cause	VERB
cblr-2919	77	12	the	the	DET
cblr-2919	77	13	meltdown	meltdown	NOUN
cblr-2919	77	14	of	of	ADP
cblr-2919	77	15	the	the	DET
cblr-2919	77	16	rmbs	rmb	NOUN
cblr-2919	77	17	and	and	CCONJ
cblr-2919	77	18	r	r	NOUN
cblr-2919	77	19	-	-	PUNCT
cblr-2919	77	20	cdo	cdo	ADJ
cblr-2919	77	21	market	market	NOUN
cblr-2919	77	22	.	.	PUNCT
cblr-2919	78	1	part	part	NOUN
cblr-2919	78	2	v	v	NOUN
cblr-2919	78	3	demonstrates	demonstrate	VERB
cblr-2919	78	4	how	how	SCONJ
cblr-2919	78	5	the	the	DET
cblr-2919	78	6	agency	agency	NOUN
cblr-2919	78	7	can	can	AUX
cblr-2919	78	8	remedy	remedy	VERB
cblr-2919	78	9	the	the	DET
cblr-2919	78	10	problems	problem	NOUN
cblr-2919	78	11	presented	present	VERB
cblr-2919	78	12	in	in	ADP
cblr-2919	78	13	part	part	NOUN
cblr-2919	78	14	iii	iii	NOUN
cblr-2919	78	15	and	and	CCONJ
cblr-2919	78	16	part	part	NOUN
cblr-2919	78	17	iv	iv	NUM
cblr-2919	78	18	.	.	PUNCT
cblr-2919	78	19	part	part	PROPN
cblr-2919	78	20	vi	vi	PROPN
cblr-2919	78	21	explains	explain	VERB
cblr-2919	78	22	why	why	SCONJ
cblr-2919	78	23	a	a	DET
cblr-2919	78	24	government	government	NOUN
cblr-2919	78	25	intervention	intervention	NOUN
cblr-2919	78	26	is	be	AUX
cblr-2919	78	27	neither	neither	CCONJ
cblr-2919	78	28	foolish	foolish	ADJ
cblr-2919	78	29	nor	nor	CCONJ
cblr-2919	78	30	unprecedented	unprecedented	ADJ
cblr-2919	78	31	.	.	PUNCT
cblr-2919	79	1	part	part	NOUN
cblr-2919	79	2	vii	vii	PROPN
cblr-2919	79	3	presents	present	VERB
cblr-2919	79	4	variations	variation	NOUN
cblr-2919	79	5	of	of	ADP
cblr-2919	79	6	the	the	DET
cblr-2919	79	7	most	most	ADV
cblr-2919	79	8	commonly	commonly	ADV
cblr-2919	79	9	proposed	propose	VERB
cblr-2919	79	10	solution	solution	NOUN
cblr-2919	79	11	to	to	ADP
cblr-2919	79	12	bad	bad	ADJ
cblr-2919	79	13	cra	cra	PROPN
cblr-2919	79	14	performance	performance	NOUN
cblr-2919	79	15	:	:	PUNCT
cblr-2919	79	16	civil	civil	ADJ
cblr-2919	79	17	liability	liability	NOUN
cblr-2919	79	18	for	for	ADP
cblr-2919	79	19	bad	bad	ADJ
cblr-2919	79	20	ratings	rating	NOUN
cblr-2919	79	21	.	.	PUNCT
cblr-2919	80	1	this	this	DET
cblr-2919	80	2	note	note	NOUN
cblr-2919	80	3	concludes	conclude	VERB
cblr-2919	80	4	that	that	SCONJ
cblr-2919	80	5	liability	liability	NOUN
cblr-2919	80	6	systems	system	NOUN
cblr-2919	80	7	are	be	AUX
cblr-2919	80	8	overly	overly	ADV
cblr-2919	80	9	complicated	complicated	ADJ
cblr-2919	80	10	and	and	CCONJ
cblr-2919	80	11	ineffective	ineffective	ADJ
cblr-2919	80	12	in	in	ADP
cblr-2919	80	13	deterring	deter	VERB
cblr-2919	80	14	bad	bad	ADJ
cblr-2919	80	15	ratings	rating	NOUN
cblr-2919	80	16	.	.	PUNCT
cblr-2919	81	1	ii	ii	PROPN
cblr-2919	81	2	.	.	PUNCT
cblr-2919	81	3	background	background	NOUN
cblr-2919	81	4	a.	a.	NOUN
cblr-2919	81	5	scope	scope	NOUN
cblr-2919	81	6	of	of	ADP
cblr-2919	81	7	the	the	DET
cblr-2919	81	8	agency	agency	NOUN
cblr-2919	81	9	's	's	PART
cblr-2919	81	10	functions	function	NOUN
cblr-2919	81	11	this	this	DET
cblr-2919	81	12	note	note	NOUN
cblr-2919	81	13	will	will	AUX
cblr-2919	81	14	focus	focus	VERB
cblr-2919	81	15	on	on	ADP
cblr-2919	81	16	only	only	ADV
cblr-2919	81	17	one	one	NUM
cblr-2919	81	18	method	method	NOUN
cblr-2919	81	19	by	by	ADP
cblr-2919	81	20	which	which	PRON
cblr-2919	81	21	mortgage	mortgage	NOUN
cblr-2919	81	22	originators	originator	NOUN
cblr-2919	81	23	can	can	AUX
cblr-2919	81	24	sell	sell	VERB
cblr-2919	81	25	mortgages	mortgage	NOUN
cblr-2919	81	26	into	into	ADP
cblr-2919	81	27	the	the	DET
cblr-2919	81	28	secondary	secondary	ADJ
cblr-2919	81	29	market	market	NOUN
cblr-2919	81	30	:	:	PUNCT
cblr-2919	81	31	rmbs	rmb	NOUN
cblr-2919	81	32	and	and	CCONJ
cblr-2919	81	33	r	r	NOUN
cblr-2919	81	34	-	-	PUNCT
cblr-2919	81	35	cdo	cdo	ADJ
cblr-2919	81	36	securitization.16	securitization.16	NOUN
cblr-2919	81	37	another	another	DET
cblr-2919	81	38	method	method	NOUN
cblr-2919	81	39	,	,	PUNCT
cblr-2919	81	40	the	the	DET
cblr-2919	81	41	covered	covered	ADJ
cblr-2919	81	42	bond	bond	NOUN
cblr-2919	81	43	,	,	PUNCT
cblr-2919	81	44	requires	require	VERB
cblr-2919	81	45	that	that	SCONJ
cblr-2919	81	46	the	the	DET
cblr-2919	81	47	issuer	issuer	NOUN
cblr-2919	81	48	guarantee	guarantee	VERB
cblr-2919	81	49	the	the	DET
cblr-2919	81	50	bond	bond	NOUN
cblr-2919	81	51	,	,	PUNCT
cblr-2919	81	52	which	which	PRON
cblr-2919	81	53	means	mean	VERB
cblr-2919	81	54	that	that	SCONJ
cblr-2919	81	55	the	the	DET
cblr-2919	81	56	bond	bond	NOUN
cblr-2919	81	57	remains	remain	VERB
cblr-2919	81	58	on	on	ADP
cblr-2919	81	59	the	the	DET
cblr-2919	81	60	issuer	issuer	NOUN
cblr-2919	81	61	's	's	PART
cblr-2919	81	62	balance	balance	NOUN
cblr-2919	81	63	sheet	sheet	NOUN
cblr-2919	81	64	.	.	PUNCT
cblr-2919	81	65	"	"	PUNCT
cblr-2919	82	1	this	this	DET
cblr-2919	82	2	limitation	limitation	NOUN
cblr-2919	82	3	will	will	AUX
cblr-2919	82	4	prevent	prevent	VERB
cblr-2919	82	5	covered	covered	ADJ
cblr-2919	82	6	bonds	bond	NOUN
cblr-2919	82	7	"	"	PUNCT
cblr-2919	82	8	6	6	NUM
cblr-2919	82	9	this	this	DET
cblr-2919	82	10	note	note	NOUN
cblr-2919	82	11	's	's	PART
cblr-2919	82	12	proposal	proposal	NOUN
cblr-2919	82	13	seeks	seek	VERB
cblr-2919	82	14	to	to	PART
cblr-2919	82	15	address	address	VERB
cblr-2919	82	16	problems	problem	NOUN
cblr-2919	82	17	in	in	ADP
cblr-2919	82	18	the	the	DET
cblr-2919	82	19	"	"	PUNCT
cblr-2919	82	20	private	private	ADJ
cblr-2919	82	21	label	label	NOUN
cblr-2919	82	22	"	"	PUNCT
cblr-2919	82	23	r	r	NOUN
cblr-2919	82	24	-	-	PUNCT
cblr-2919	82	25	cdo	cdo	ADJ
cblr-2919	82	26	and	and	CCONJ
cblr-2919	82	27	rmbs	rmb	NOUN
cblr-2919	82	28	market	market	NOUN
cblr-2919	82	29	.	.	PUNCT
cblr-2919	83	1	private	private	ADJ
cblr-2919	83	2	label	label	NOUN
cblr-2919	83	3	denotes	denote	NOUN
cblr-2919	83	4	that	that	SCONJ
cblr-2919	83	5	the	the	DET
cblr-2919	83	6	gses	gse	NOUN
cblr-2919	83	7	are	be	AUX
cblr-2919	83	8	not	not	PART
cblr-2919	83	9	involved	involve	VERB
cblr-2919	83	10	as	as	ADP
cblr-2919	83	11	buyers	buyer	NOUN
cblr-2919	83	12	or	or	CCONJ
cblr-2919	83	13	insurers	insurer	NOUN
cblr-2919	83	14	of	of	ADP
cblr-2919	83	15	these	these	DET
cblr-2919	83	16	securities	security	NOUN
cblr-2919	83	17	.	.	PUNCT
cblr-2919	84	1	such	such	ADJ
cblr-2919	84	2	government	government	NOUN
cblr-2919	84	3	involvement	involvement	NOUN
cblr-2919	84	4	,	,	PUNCT
cblr-2919	84	5	discussed	discuss	VERB
cblr-2919	84	6	in	in	ADP
cblr-2919	84	7	greater	great	ADJ
cblr-2919	84	8	detail	detail	NOUN
cblr-2919	84	9	in	in	ADP
cblr-2919	84	10	parts	part	NOUN
cblr-2919	84	11	v	v	NOUN
cblr-2919	84	12	and	and	CCONJ
cblr-2919	84	13	vi	vi	NOUN
cblr-2919	84	14	,	,	PUNCT
cblr-2919	84	15	is	be	AUX
cblr-2919	84	16	not	not	PART
cblr-2919	84	17	a	a	DET
cblr-2919	84	18	viable	viable	ADJ
cblr-2919	84	19	long	long	ADJ
cblr-2919	84	20	-	-	PUNCT
cblr-2919	84	21	term	term	NOUN
cblr-2919	84	22	solution	solution	NOUN
cblr-2919	84	23	.	.	PUNCT
cblr-2919	85	1	"	"	PUNCT
cblr-2919	85	2	see	see	VERB
cblr-2919	85	3	renzo	renzo	NOUN
cblr-2919	85	4	g.	g.	PROPN
cblr-2919	85	5	avesani	avesani	PROPN
cblr-2919	85	6	,	,	PUNCT
cblr-2919	85	7	antonio	antonio	PROPN
cblr-2919	85	8	garcia	garcia	PROPN
cblr-2919	85	9	pascual	pascual	PROPN
cblr-2919	85	10	&	&	CCONJ
cblr-2919	85	11	elina	elina	PROPN
cblr-2919	85	12	ribakova	ribakova	PROPN
cblr-2919	85	13	,	,	PUNCT
cblr-2919	85	14	the	the	DET
cblr-2919	85	15	use	use	NOUN
cblr-2919	85	16	of	of	ADP
cblr-2919	85	17	mortgage	mortgage	NOUN
cblr-2919	85	18	covered	cover	VERB
cblr-2919	85	19	bonds	bond	NOUN
cblr-2919	85	20	15	15	NUM
cblr-2919	85	21	(	(	PUNCT
cblr-2919	85	22	imf	imf	PROPN
cblr-2919	85	23	working	working	PROPN
cblr-2919	85	24	paper	paper	NOUN
cblr-2919	85	25	wp/07/20	wp/07/20	PROPN
cblr-2919	85	26	,	,	PUNCT
cblr-2919	85	27	2007	2007	NUM
cblr-2919	85	28	)	)	PUNCT
cblr-2919	85	29	,	,	PUNCT
cblr-2919	85	30	available	available	ADJ
cblr-2919	85	31	at	at	ADP
cblr-2919	85	32	http://papers.ssrn.com/sol3/papers.cfm?abstractid=96	http://papers.ssrn.com/sol3/papers.cfm?abstractid=96	NOUN
cblr-2919	85	33	1094	1094	NUM
cblr-2919	85	34	.	.	PUNCT
cblr-2919	86	1	249	249	NUM
cblr-2919	86	2	from	from	ADP
cblr-2919	86	3	replacing	replace	VERB
cblr-2919	86	4	rmbss	rmbss	NOUN
cblr-2919	86	5	and	and	CCONJ
cblr-2919	86	6	r	r	NOUN
cblr-2919	86	7	-	-	PUNCT
cblr-2919	86	8	cdos	cdo	NOUN
cblr-2919	86	9	in	in	ADP
cblr-2919	86	10	the	the	DET
cblr-2919	86	11	united	united	PROPN
cblr-2919	86	12	states	states	PROPN
cblr-2919	86	13	.	.	PUNCT
cblr-2919	87	1	18	18	NUM
cblr-2919	87	2	there	there	PRON
cblr-2919	87	3	are	be	VERB
cblr-2919	87	4	two	two	NUM
cblr-2919	87	5	dominant	dominant	ADJ
cblr-2919	87	6	forms	form	NOUN
cblr-2919	87	7	of	of	ADP
cblr-2919	87	8	mortgage	mortgage	NOUN
cblr-2919	87	9	securitization	securitization	NOUN
cblr-2919	87	10	.	.	PUNCT
cblr-2919	88	1	one	one	NUM
cblr-2919	88	2	type	type	NOUN
cblr-2919	88	3	is	be	AUX
cblr-2919	88	4	the	the	DET
cblr-2919	88	5	relatively	relatively	ADV
cblr-2919	88	6	uncomplicated	uncomplicated	ADJ
cblr-2919	88	7	rmbs	rmb	NOUN
cblr-2919	88	8	,	,	PUNCT
cblr-2919	88	9	which	which	PRON
cblr-2919	88	10	is	be	AUX
cblr-2919	88	11	the	the	DET
cblr-2919	88	12	securitization	securitization	NOUN
cblr-2919	88	13	and	and	CCONJ
cblr-2919	88	14	tranching'9	tranching'9	NOUN
cblr-2919	88	15	of	of	ADP
cblr-2919	88	16	the	the	DET
cblr-2919	88	17	payments	payment	NOUN
cblr-2919	88	18	,	,	PUNCT
cblr-2919	88	19	principal	principal	NOUN
cblr-2919	88	20	,	,	PUNCT
cblr-2919	88	21	and	and	CCONJ
cblr-2919	88	22	interest	interest	NOUN
cblr-2919	88	23	,	,	PUNCT
cblr-2919	88	24	from	from	ADP
cblr-2919	88	25	a	a	DET
cblr-2919	88	26	spectrum	spectrum	NOUN
cblr-2919	88	27	of	of	ADP
cblr-2919	88	28	mortgages	mortgage	NOUN
cblr-2919	88	29	,	,	PUNCT
cblr-2919	88	30	with	with	ADP
cblr-2919	88	31	the	the	DET
cblr-2919	88	32	investor	investor	NOUN
cblr-2919	88	33	receiving	receive	VERB
cblr-2919	88	34	a	a	DET
cblr-2919	88	35	pro	pro	ADJ
cblr-2919	88	36	rata	rata	ADJ
cblr-2919	88	37	share	share	NOUN
cblr-2919	88	38	of	of	ADP
cblr-2919	88	39	a	a	DET
cblr-2919	88	40	particular	particular	ADJ
cblr-2919	88	41	tranche.2	tranche.2	PROPN
cblr-2919	88	42	0	0	PUNCT
cblr-2919	89	1	the	the	DET
cblr-2919	89	2	other	other	ADJ
cblr-2919	89	3	type	type	NOUN
cblr-2919	89	4	is	be	AUX
cblr-2919	89	5	the	the	DET
cblr-2919	89	6	more	more	ADV
cblr-2919	89	7	complicated	complicated	ADJ
cblr-2919	89	8	rmbs	rmb	NOUN
cblr-2919	89	9	-	-	PUNCT
cblr-2919	89	10	based	base	VERB
cblr-2919	89	11	cdo	cdo	NOUN
cblr-2919	89	12	,	,	PUNCT
cblr-2919	89	13	which	which	PRON
cblr-2919	89	14	consists	consist	VERB
cblr-2919	89	15	of	of	ADP
cblr-2919	89	16	the	the	DET
cblr-2919	89	17	tranched	tranche	VERB
cblr-2919	89	18	cash	cash	NOUN
cblr-2919	89	19	flows	flow	NOUN
cblr-2919	89	20	from	from	ADP
cblr-2919	89	21	several	several	ADJ
cblr-2919	89	22	rmbss.21	rmbss.21	NOUN
cblr-2919	89	23	like	like	ADP
cblr-2919	89	24	the	the	DET
cblr-2919	89	25	rmbss	rmbss	NOUN
cblr-2919	89	26	,	,	PUNCT
cblr-2919	89	27	investors	investor	NOUN
cblr-2919	89	28	purchase	purchase	VERB
cblr-2919	89	29	shares	share	NOUN
cblr-2919	89	30	of	of	ADP
cblr-2919	89	31	a	a	DET
cblr-2919	89	32	particular	particular	ADJ
cblr-2919	89	33	tranche	tranche	NOUN
cblr-2919	89	34	in	in	ADP
cblr-2919	89	35	an	an	DET
cblr-2919	89	36	r	r	NOUN
cblr-2919	89	37	-	-	PUNCT
cblr-2919	89	38	cdo.22	cdo.22	NOUN
cblr-2919	89	39	ratings	rating	NOUN
cblr-2919	89	40	for	for	ADP
cblr-2919	89	41	other	other	ADJ
cblr-2919	89	42	types	type	NOUN
cblr-2919	89	43	of	of	ADP
cblr-2919	89	44	securities	security	NOUN
cblr-2919	89	45	are	be	AUX
cblr-2919	89	46	excluded	exclude	VERB
cblr-2919	89	47	from	from	ADP
cblr-2919	89	48	the	the	DET
cblr-2919	89	49	agency	agency	NOUN
cblr-2919	89	50	's	's	PART
cblr-2919	89	51	mandate	mandate	NOUN
cblr-2919	89	52	for	for	ADP
cblr-2919	89	53	the	the	DET
cblr-2919	89	54	following	follow	VERB
cblr-2919	89	55	reasons	reason	NOUN
cblr-2919	89	56	.	.	PUNCT
cblr-2919	90	1	first	first	ADV
cblr-2919	90	2	,	,	PUNCT
cblr-2919	90	3	r	r	NOUN
cblr-2919	90	4	-	-	PUNCT
cblr-2919	90	5	cdos	cdo	NOUN
cblr-2919	90	6	and	and	CCONJ
cblr-2919	90	7	rmbss	rmbss	NOUN
cblr-2919	90	8	dwarf	dwarf	VERB
cblr-2919	90	9	other	other	ADJ
cblr-2919	90	10	forms	form	NOUN
cblr-2919	90	11	of	of	ADP
cblr-2919	90	12	asset	asset	NOUN
cblr-2919	90	13	securitizations,2	securitizations,2	VERB
cblr-2919	90	14	3	3	NUM
cblr-2919	90	15	so	so	SCONJ
cblr-2919	90	16	a	a	DET
cblr-2919	90	17	solution	solution	NOUN
cblr-2919	90	18	that	that	PRON
cblr-2919	90	19	addresses	address	VERB
cblr-2919	90	20	only	only	ADV
cblr-2919	90	21	r	r	NOUN
cblr-2919	90	22	-	-	PUNCT
cblr-2919	90	23	cdo	cdo	ADJ
cblr-2919	90	24	and	and	CCONJ
cblr-2919	90	25	rmbs	rmb	NOUN
cblr-2919	90	26	ratings	rating	NOUN
cblr-2919	90	27	is	be	AUX
cblr-2919	90	28	sufficient	sufficient	ADJ
cblr-2919	90	29	to	to	PART
cblr-2919	90	30	address	address	VERB
cblr-2919	90	31	the	the	DET
cblr-2919	90	32	bulk	bulk	NOUN
cblr-2919	90	33	of	of	ADP
cblr-2919	90	34	the	the	DET
cblr-2919	90	35	problem	problem	NOUN
cblr-2919	90	36	in	in	ADP
cblr-2919	90	37	asset	asset	NOUN
cblr-2919	90	38	based	base	VERB
cblr-2919	90	39	security	security	NOUN
cblr-2919	90	40	ratings	rating	NOUN
cblr-2919	90	41	.	.	PUNCT
cblr-2919	91	1	second	second	ADJ
cblr-2919	91	2	,	,	PUNCT
cblr-2919	91	3	as	as	SCONJ
cblr-2919	91	4	discussed	discuss	VERB
cblr-2919	91	5	in	in	ADP
cblr-2919	91	6	parts	part	NOUN
cblr-2919	91	7	iii	iii	PROPN
cblr-2919	91	8	,	,	PUNCT
cblr-2919	91	9	iv	iv	NOUN
cblr-2919	91	10	,	,	PUNCT
cblr-2919	91	11	and	and	CCONJ
cblr-2919	91	12	v	v	NOUN
cblr-2919	91	13	,	,	PUNCT
cblr-2919	91	14	the	the	DET
cblr-2919	91	15	agency	agency	NOUN
cblr-2919	91	16	would	would	AUX
cblr-2919	91	17	be	be	AUX
cblr-2919	91	18	relatively	relatively	ADV
cblr-2919	91	19	more	more	ADV
cblr-2919	91	20	qualified	qualified	ADJ
cblr-2919	91	21	to	to	PART
cblr-2919	91	22	rate	rate	VERB
cblr-2919	91	23	these	these	DET
cblr-2919	91	24	securities	security	NOUN
cblr-2919	91	25	and	and	CCONJ
cblr-2919	91	26	would	would	AUX
cblr-2919	91	27	be	be	AUX
cblr-2919	91	28	relatively	relatively	ADV
cblr-2919	91	29	less	less	ADV
cblr-2919	91	30	qualified	qualified	ADJ
cblr-2919	91	31	to	to	PART
cblr-2919	91	32	rate	rate	VERB
cblr-2919	91	33	1s	1s	NUM
cblr-2919	91	34	i	i	PRON
cblr-2919	91	35	d.	d.	PROPN
cblr-2919	91	36	19	19	NUM
cblr-2919	91	37	tranching	tranching	NOUN
cblr-2919	91	38	orders	order	NOUN
cblr-2919	91	39	the	the	DET
cblr-2919	91	40	legal	legal	ADJ
cblr-2919	91	41	priority	priority	NOUN
cblr-2919	91	42	to	to	ADP
cblr-2919	91	43	a	a	DET
cblr-2919	91	44	stream	stream	NOUN
cblr-2919	91	45	of	of	ADP
cblr-2919	91	46	payments	payment	NOUN
cblr-2919	91	47	.	.	PUNCT
cblr-2919	92	1	for	for	ADP
cblr-2919	92	2	example	example	NOUN
cblr-2919	92	3	,	,	PUNCT
cblr-2919	92	4	for	for	ADP
cblr-2919	92	5	a	a	DET
cblr-2919	92	6	cdo	cdo	NOUN
cblr-2919	92	7	with	with	ADP
cblr-2919	92	8	three	three	NUM
cblr-2919	92	9	tranches	tranche	NOUN
cblr-2919	92	10	,	,	PUNCT
cblr-2919	92	11	tranche	tranche	NOUN
cblr-2919	92	12	1	1	NUM
cblr-2919	92	13	,	,	PUNCT
cblr-2919	92	14	the	the	DET
cblr-2919	92	15	most	most	ADV
cblr-2919	92	16	senior	senior	ADJ
cblr-2919	92	17	,	,	PUNCT
cblr-2919	92	18	would	would	AUX
cblr-2919	92	19	have	have	VERB
cblr-2919	92	20	to	to	PART
cblr-2919	92	21	be	be	AUX
cblr-2919	92	22	paid	pay	VERB
cblr-2919	92	23	in	in	ADP
cblr-2919	92	24	full	full	ADJ
cblr-2919	92	25	before	before	SCONJ
cblr-2919	92	26	tranche	tranche	NOUN
cblr-2919	92	27	2	2	NUM
cblr-2919	92	28	is	be	AUX
cblr-2919	92	29	paid	pay	VERB
cblr-2919	92	30	;	;	PUNCT
cblr-2919	92	31	tranche	tranche	NOUN
cblr-2919	92	32	2	2	NUM
cblr-2919	92	33	would	would	AUX
cblr-2919	92	34	have	have	VERB
cblr-2919	92	35	to	to	PART
cblr-2919	92	36	be	be	AUX
cblr-2919	92	37	paid	pay	VERB
cblr-2919	92	38	in	in	ADP
cblr-2919	92	39	full	full	ADJ
cblr-2919	92	40	before	before	SCONJ
cblr-2919	92	41	tranche	tranche	NOUN
cblr-2919	92	42	3	3	NUM
cblr-2919	92	43	is	be	AUX
cblr-2919	92	44	paid	pay	VERB
cblr-2919	92	45	.	.	PUNCT
cblr-2919	93	1	each	each	DET
cblr-2919	93	2	tranche	tranche	NOUN
cblr-2919	93	3	is	be	AUX
cblr-2919	93	4	rated	rate	VERB
cblr-2919	93	5	separately	separately	ADV
cblr-2919	93	6	based	base	VERB
cblr-2919	93	7	on	on	ADP
cblr-2919	93	8	the	the	DET
cblr-2919	93	9	likelihoods	likelihood	NOUN
cblr-2919	93	10	that	that	SCONJ
cblr-2919	93	11	the	the	DET
cblr-2919	93	12	tranche	tranche	NOUN
cblr-2919	93	13	above	above	ADP
cblr-2919	93	14	it	it	PRON
cblr-2919	93	15	will	will	AUX
cblr-2919	93	16	be	be	AUX
cblr-2919	93	17	paid	pay	VERB
cblr-2919	93	18	in	in	ADP
cblr-2919	93	19	full	full	ADJ
cblr-2919	93	20	and	and	CCONJ
cblr-2919	93	21	that	that	SCONJ
cblr-2919	93	22	there	there	PRON
cblr-2919	93	23	is	be	VERB
cblr-2919	93	24	enough	enough	ADJ
cblr-2919	93	25	capital	capital	NOUN
cblr-2919	93	26	left	leave	VERB
cblr-2919	93	27	over	over	ADP
cblr-2919	93	28	to	to	PART
cblr-2919	93	29	satisfy	satisfy	VERB
cblr-2919	93	30	the	the	DET
cblr-2919	93	31	tranche	tranche	NOUN
cblr-2919	93	32	's	's	PART
cblr-2919	93	33	obligations	obligation	NOUN
cblr-2919	93	34	.	.	PUNCT
cblr-2919	94	1	see	see	VERB
cblr-2919	94	2	leon	leon	PROPN
cblr-2919	94	3	t.	t.	PROPN
cblr-2919	94	4	kendall	kendall	PROPN
cblr-2919	94	5	,	,	PUNCT
cblr-2919	94	6	securitization	securitization	NOUN
cblr-2919	94	7	:	:	PUNCT
cblr-2919	94	8	a	a	DET
cblr-2919	94	9	new	new	ADJ
cblr-2919	94	10	era	era	NOUN
cblr-2919	94	11	in	in	ADP
cblr-2919	94	12	american	american	ADJ
cblr-2919	94	13	finance	finance	NOUN
cblr-2919	94	14	,	,	PUNCT
cblr-2919	94	15	in	in	ADP
cblr-2919	94	16	a	a	DET
cblr-2919	94	17	primer	primer	NOUN
cblr-2919	94	18	on	on	ADP
cblr-2919	94	19	securitization	securitization	NOUN
cblr-2919	94	20	11	11	NUM
cblr-2919	94	21	(	(	PUNCT
cblr-2919	94	22	leon	leon	PROPN
cblr-2919	94	23	t.	t.	PROPN
cblr-2919	94	24	kendall	kendall	PROPN
cblr-2919	94	25	&	&	CCONJ
cblr-2919	94	26	michael	michael	PROPN
cblr-2919	94	27	j.	j.	PROPN
cblr-2919	94	28	fishman	fishman	PROPN
cblr-2919	94	29	eds	eds	PROPN
cblr-2919	94	30	.	.	PROPN
cblr-2919	94	31	,	,	PUNCT
cblr-2919	94	32	2000	2000	NUM
cblr-2919	94	33	)	)	PUNCT
cblr-2919	94	34	;	;	PUNCT
cblr-2919	94	35	see	see	VERB
cblr-2919	94	36	also	also	ADV
cblr-2919	94	37	adam	adam	PROPN
cblr-2919	94	38	b.	b.	PROPN
cblr-2919	94	39	ashcraft	ashcraft	PROPN
cblr-2919	94	40	&	&	CCONJ
cblr-2919	94	41	til	til	PROPN
cblr-2919	94	42	schuermann	schuermann	PROPN
cblr-2919	94	43	,	,	PUNCT
cblr-2919	94	44	understanding	understand	VERB
cblr-2919	94	45	the	the	DET
cblr-2919	94	46	securitization	securitization	NOUN
cblr-2919	94	47	of	of	ADP
cblr-2919	94	48	subprime	subprime	ADJ
cblr-2919	94	49	mortgage	mortgage	NOUN
cblr-2919	94	50	credit	credit	NOUN
cblr-2919	94	51	,	,	PUNCT
cblr-2919	94	52	fed	fed	PROPN
cblr-2919	94	53	.	.	PUNCT
cblr-2919	95	1	res	res	PROPN
cblr-2919	95	2	.	.	PUNCT
cblr-2919	96	1	bank	bank	PROPN
cblr-2919	96	2	n.y	n.y	PROPN
cblr-2919	96	3	.	.	PROPN
cblr-2919	96	4	staff	staff	PROPN
cblr-2919	96	5	rep	rep	PROPN
cblr-2919	96	6	.	.	PROPN
cblr-2919	97	1	no	no	PROPN
cblr-2919	97	2	.	.	NOUN
cblr-2919	97	3	318	318	NUM
cblr-2919	97	4	,	,	PUNCT
cblr-2919	97	5	at	at	ADP
cblr-2919	97	6	20	20	NUM
cblr-2919	97	7	(	(	PUNCT
cblr-2919	97	8	2008	2008	NUM
cblr-2919	97	9	)	)	PUNCT
cblr-2919	97	10	,	,	PUNCT
cblr-2919	97	11	available	available	ADJ
cblr-2919	97	12	at	at	ADP
cblr-2919	97	13	http://www.newyorkfed.org/research/staff	http://www.newyorkfed.org/research/staff	PROPN
cblr-2919	97	14	reports	report	NOUN
cblr-2919	97	15	/	/	SYM
cblr-2919	97	16	sr318.pdf	sr318.pdf	PROPN
cblr-2919	97	17	.	.	PROPN
cblr-2919	98	1	20	20	NUM
cblr-2919	98	2	see	see	VERB
cblr-2919	98	3	joseph	joseph	PROPN
cblr-2919	98	4	mason	mason	PROPN
cblr-2919	98	5	&	&	CCONJ
cblr-2919	98	6	joshua	joshua	PROPN
cblr-2919	98	7	rosner	rosner	PROPN
cblr-2919	98	8	,	,	PUNCT
cblr-2919	98	9	where	where	SCONJ
cblr-2919	98	10	did	do	AUX
cblr-2919	98	11	the	the	DET
cblr-2919	98	12	risk	risk	NOUN
cblr-2919	98	13	go	go	VERB
cblr-2919	98	14	?	?	PUNCT
cblr-2919	99	1	how	how	SCONJ
cblr-2919	99	2	misapplied	misapply	VERB
cblr-2919	99	3	bond	bond	NOUN
cblr-2919	99	4	ratings	rating	NOUN
cblr-2919	99	5	cause	cause	VERB
cblr-2919	99	6	mortgage	mortgage	NOUN
cblr-2919	99	7	backed	back	VERB
cblr-2919	99	8	securities	security	NOUN
cblr-2919	99	9	and	and	CCONJ
cblr-2919	99	10	collateralized	collateralized	ADJ
cblr-2919	99	11	debt	debt	NOUN
cblr-2919	99	12	obligation	obligation	NOUN
cblr-2919	99	13	market	market	NOUN
cblr-2919	99	14	disruptions	disruption	NOUN
cblr-2919	99	15	52	52	NUM
cblr-2919	99	16	(	(	PUNCT
cblr-2919	99	17	may	may	PROPN
cblr-2919	99	18	14	14	NUM
cblr-2919	99	19	,	,	PUNCT
cblr-2919	99	20	2007	2007	NUM
cblr-2919	99	21	)	)	PUNCT
cblr-2919	99	22	(	(	PUNCT
cblr-2919	99	23	unpublished	unpublished	ADJ
cblr-2919	99	24	manuscript	manuscript	NOUN
cblr-2919	99	25	)	)	PUNCT
cblr-2919	99	26	,	,	PUNCT
cblr-2919	99	27	available	available	ADJ
cblr-2919	99	28	at	at	ADP
cblr-2919	99	29	http://papers.ssrn.com/sol3/papers	http://papers.ssrn.com/sol3/paper	NOUN
cblr-2919	99	30	.	.	PUNCT
cblr-2919	100	1	cfm?abstractid=1027475	cfm?abstractid=1027475	PROPN
cblr-2919	100	2	.	.	PUNCT
cblr-2919	101	1	21	21	NUM
cblr-2919	101	2	see	see	VERB
cblr-2919	101	3	mark	mark	PROPN
cblr-2919	101	4	l.	l.	PROPN
cblr-2919	101	5	korell	korell	PROPN
cblr-2919	101	6	,	,	PUNCT
cblr-2919	101	7	the	the	DET
cblr-2919	101	8	workings	working	NOUN
cblr-2919	101	9	of	of	ADP
cblr-2919	101	10	private	private	ADJ
cblr-2919	101	11	mortgage	mortgage	NOUN
cblr-2919	101	12	bankers	banker	NOUN
cblr-2919	101	13	and	and	CCONJ
cblr-2919	101	14	securitization	securitization	NOUN
cblr-2919	101	15	conduits	conduit	NOUN
cblr-2919	101	16	,	,	PUNCT
cblr-2919	101	17	in	in	ADP
cblr-2919	101	18	a	a	DET
cblr-2919	101	19	primer	primer	NOUN
cblr-2919	101	20	on	on	ADP
cblr-2919	101	21	securitization	securitization	NOUN
cblr-2919	101	22	100	100	NUM
cblr-2919	101	23	(	(	PUNCT
cblr-2919	101	24	leon	leon	PROPN
cblr-2919	101	25	t.	t.	PROPN
cblr-2919	101	26	kendall	kendall	PROPN
cblr-2919	101	27	&	&	CCONJ
cblr-2919	101	28	michael	michael	PROPN
cblr-2919	101	29	j.	j.	PROPN
cblr-2919	101	30	fishman	fishman	PROPN
cblr-2919	101	31	eds	eds	PROPN
cblr-2919	101	32	.	.	PROPN
cblr-2919	101	33	,	,	PUNCT
cblr-2919	101	34	2000	2000	NUM
cblr-2919	101	35	)	)	PUNCT
cblr-2919	101	36	.	.	PUNCT
cblr-2919	102	1	22	22	NUM
cblr-2919	102	2	see	see	VERB
cblr-2919	102	3	i	i	PRON
cblr-2919	102	4	d.	d.	PROPN
cblr-2919	102	5	23	23	NUM
cblr-2919	102	6	see	see	VERB
cblr-2919	102	7	sifma	sifma	NOUN
cblr-2919	102	8	rmbs	rmb	NOUN
cblr-2919	102	9	,	,	PUNCT
cblr-2919	102	10	supra	supra	PROPN
cblr-2919	102	11	note	note	NOUN
cblr-2919	102	12	7	7	NUM
cblr-2919	102	13	,	,	PUNCT
cblr-2919	102	14	at	at	ADP
cblr-2919	102	15	9	9	NUM
cblr-2919	102	16	-	-	SYM
cblr-2919	102	17	10	10	NUM
cblr-2919	102	18	.	.	PUNCT
cblr-2919	103	1	250	250	NUM
cblr-2919	103	2	columia	columia	PROPN
cblr-2919	103	3	business	business	NOUN
cblr-2919	103	4	law	law	NOUN
cblr-2919	103	5	review	review	NOUN
cblr-2919	103	6	[	[	X
cblr-2919	103	7	vol	vol	NOUN
cblr-2919	103	8	.	.	PUNCT
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cblr-2919	104	2	no	no	INTJ
cblr-2919	104	3	.	.	PUNCT
cblr-2919	105	1	1:245	1:245	NUM
cblr-2919	105	2	]	]	X
cblr-2919	105	3	mortgage	mortgage	NOUN
cblr-2919	105	4	credit	credit	NOUN
cblr-2919	105	5	ratings	rating	NOUN
cblr-2919	105	6	and	and	CCONJ
cblr-2919	105	7	financial	financial	ADJ
cblr-2919	105	8	crisis	crisis	NOUN
cblr-2919	105	9	other	other	ADJ
cblr-2919	105	10	securities	security	NOUN
cblr-2919	105	11	,	,	PUNCT
cblr-2919	105	12	particularly	particularly	ADV
cblr-2919	105	13	"	"	PUNCT
cblr-2919	105	14	plain	plain	ADJ
cblr-2919	105	15	-	-	PUNCT
cblr-2919	105	16	vanilla"2	vanilla"2	NOUN
cblr-2919	105	17	4	4	NUM
cblr-2919	105	18	bonds	bond	NOUN
cblr-2919	105	19	.	.	PUNCT
cblr-2919	106	1	third	third	ADV
cblr-2919	106	2	,	,	PUNCT
cblr-2919	106	3	as	as	SCONJ
cblr-2919	106	4	explained	explain	VERB
cblr-2919	106	5	in	in	ADP
cblr-2919	106	6	parts	part	NOUN
cblr-2919	106	7	iii	iii	PROPN
cblr-2919	106	8	and	and	CCONJ
cblr-2919	106	9	iv	iv	NUM
cblr-2919	106	10	,	,	PUNCT
cblr-2919	106	11	the	the	DET
cblr-2919	106	12	current	current	ADJ
cblr-2919	106	13	financial	financial	ADJ
cblr-2919	106	14	crisis	crisis	NOUN
cblr-2919	106	15	is	be	AUX
cblr-2919	106	16	primarily	primarily	ADV
cblr-2919	106	17	a	a	DET
cblr-2919	106	18	consequence	consequence	NOUN
cblr-2919	106	19	of	of	ADP
cblr-2919	106	20	bad	bad	ADJ
cblr-2919	106	21	r	r	NOUN
cblr-2919	106	22	-	-	PUNCT
cblr-2919	106	23	cdo	cdo	ADJ
cblr-2919	106	24	and	and	CCONJ
cblr-2919	106	25	rmbs	rmb	NOUN
cblr-2919	106	26	ratings	rating	NOUN
cblr-2919	106	27	,	,	PUNCT
cblr-2919	106	28	and	and	CCONJ
cblr-2919	106	29	it	it	PRON
cblr-2919	106	30	is	be	AUX
cblr-2919	106	31	not	not	PART
cblr-2919	106	32	clear	clear	ADJ
cblr-2919	106	33	that	that	SCONJ
cblr-2919	106	34	inaccurate	inaccurate	ADJ
cblr-2919	106	35	cra	cra	PROPN
cblr-2919	106	36	ratings	rating	NOUN
cblr-2919	106	37	of	of	ADP
cblr-2919	106	38	other	other	ADJ
cblr-2919	106	39	securities	security	NOUN
cblr-2919	106	40	could	could	AUX
cblr-2919	106	41	lead	lead	VERB
cblr-2919	106	42	to	to	ADP
cblr-2919	106	43	a	a	DET
cblr-2919	106	44	similar	similar	ADJ
cblr-2919	106	45	financial	financial	ADJ
cblr-2919	106	46	crisis	crisis	NOUN
cblr-2919	106	47	.	.	PUNCT
cblr-2919	107	1	together	together	ADV
cblr-2919	107	2	,	,	PUNCT
cblr-2919	107	3	these	these	DET
cblr-2919	107	4	factors	factor	NOUN
cblr-2919	107	5	strongly	strongly	ADV
cblr-2919	107	6	suggest	suggest	VERB
cblr-2919	107	7	limiting	limit	VERB
cblr-2919	107	8	the	the	DET
cblr-2919	107	9	agency	agency	NOUN
cblr-2919	107	10	's	's	PART
cblr-2919	107	11	mandate	mandate	NOUN
cblr-2919	107	12	to	to	ADP
cblr-2919	107	13	r	r	NOUN
cblr-2919	107	14	-	-	PUNCT
cblr-2919	107	15	cdos	cdo	NOUN
cblr-2919	107	16	and	and	CCONJ
cblr-2919	107	17	rmbss	rmbss	NOUN
cblr-2919	107	18	.	.	PUNCT
cblr-2919	108	1	25	25	NUM
cblr-2919	108	2	b.	b.	PROPN
cblr-2919	108	3	history	history	NOUN
cblr-2919	108	4	of	of	ADP
cblr-2919	108	5	mortgage	mortgage	NOUN
cblr-2919	108	6	securitization	securitization	NOUN
cblr-2919	108	7	the	the	DET
cblr-2919	108	8	modern	modern	ADJ
cblr-2919	108	9	era	era	NOUN
cblr-2919	108	10	of	of	ADP
cblr-2919	108	11	mortgage	mortgage	NOUN
cblr-2919	108	12	securitization	securitization	NOUN
cblr-2919	108	13	began	begin	VERB
cblr-2919	108	14	in	in	ADP
cblr-2919	108	15	the	the	DET
cblr-2919	108	16	early	early	ADJ
cblr-2919	108	17	1980s	1980	NOUN
cblr-2919	108	18	when	when	SCONJ
cblr-2919	108	19	freddie	freddie	PROPN
cblr-2919	108	20	mac	mac	PROPN
cblr-2919	108	21	started	start	VERB
cblr-2919	108	22	buying	buy	VERB
cblr-2919	108	23	from	from	ADP
cblr-2919	108	24	private	private	ADJ
cblr-2919	108	25	banks	bank	NOUN
cblr-2919	108	26	prime	prime	ADJ
cblr-2919	108	27	mortgages	mortgage	NOUN
cblr-2919	108	28	,	,	PUNCT
cblr-2919	108	29	packaging	package	VERB
cblr-2919	108	30	them	they	PRON
cblr-2919	108	31	,	,	PUNCT
cblr-2919	108	32	and	and	CCONJ
cblr-2919	108	33	selling	sell	VERB
cblr-2919	108	34	them	they	PRON
cblr-2919	108	35	as	as	ADP
cblr-2919	108	36	rmbss.26	rmbss.26	ADJ
cblr-2919	108	37	until	until	ADP
cblr-2919	108	38	2001	2001	NUM
cblr-2919	108	39	,	,	PUNCT
cblr-2919	108	40	rmbss	rmbss	NOUN
cblr-2919	108	41	generally	generally	ADV
cblr-2919	108	42	took	take	VERB
cblr-2919	108	43	only	only	ADV
cblr-2919	108	44	two	two	NUM
cblr-2919	108	45	forms	form	NOUN
cblr-2919	108	46	.	.	PUNCT
cblr-2919	109	1	one	one	NUM
cblr-2919	109	2	form	form	NOUN
cblr-2919	109	3	consisted	consist	VERB
cblr-2919	109	4	of	of	ADP
cblr-2919	109	5	prime	prime	ADJ
cblr-2919	109	6	mortgages	mortgage	NOUN
cblr-2919	109	7	which	which	PRON
cblr-2919	109	8	conformed	conform	VERB
cblr-2919	109	9	to	to	ADP
cblr-2919	109	10	gse	gse	ADJ
cblr-2919	109	11	underwriting	underwriting	NOUN
cblr-2919	109	12	requirements.2	requirements.2	ADP
cblr-2919	109	13	7	7	NUM
cblr-2919	109	14	the	the	DET
cblr-2919	109	15	other	other	ADJ
cblr-2919	109	16	form	form	NOUN
cblr-2919	109	17	was	be	AUX
cblr-2919	109	18	the	the	DET
cblr-2919	109	19	"	"	PUNCT
cblr-2919	109	20	jumbo	jumbo	ADJ
cblr-2919	109	21	"	"	PUNCT
cblr-2919	109	22	prime	prime	ADJ
cblr-2919	109	23	mortgage	mortgage	NOUN
cblr-2919	109	24	,	,	PUNCT
cblr-2919	109	25	which	which	PRON
cblr-2919	109	26	was	be	AUX
cblr-2919	109	27	a	a	DET
cblr-2919	109	28	prime	prime	ADJ
cblr-2919	109	29	mortgage	mortgage	NOUN
cblr-2919	109	30	that	that	PRON
cblr-2919	109	31	exceeded	exceed	VERB
cblr-2919	109	32	the	the	DET
cblr-2919	109	33	gse	gse	PROPN
cblr-2919	109	34	's	's	PART
cblr-2919	109	35	cap	cap	NOUN
cblr-2919	109	36	on	on	ADP
cblr-2919	109	37	mortgage	mortgage	NOUN
cblr-2919	109	38	size.28	size.28	NOUN
cblr-2919	109	39	between	between	ADP
cblr-2919	109	40	2001	2001	NUM
cblr-2919	109	41	and	and	CCONJ
cblr-2919	109	42	2007	2007	NUM
cblr-2919	109	43	,	,	PUNCT
cblr-2919	109	44	the	the	DET
cblr-2919	109	45	volume	volume	NOUN
cblr-2919	109	46	of	of	ADP
cblr-2919	109	47	private	private	ADJ
cblr-2919	109	48	label	label	NOUN
cblr-2919	109	49	securitizations	securitization	NOUN
cblr-2919	109	50	skyrocketed	skyrocket	VERB
cblr-2919	109	51	as	as	SCONJ
cblr-2919	109	52	issuers	issuer	NOUN
cblr-2919	109	53	packaged	package	VERB
cblr-2919	109	54	greater	great	ADJ
cblr-2919	109	55	amounts	amount	NOUN
cblr-2919	109	56	of	of	ADP
cblr-2919	109	57	non	non	ADJ
cblr-2919	109	58	-	-	ADJ
cblr-2919	109	59	gse	gse	ADJ
cblr-2919	109	60	conforming	conforming	NOUN
cblr-2919	109	61	mortgages	mortgage	NOUN
cblr-2919	109	62	into	into	ADP
cblr-2919	109	63	r	r	NOUN
cblr-2919	109	64	-	-	PUNCT
cblr-2919	109	65	cdos	cdo	NOUN
cblr-2919	109	66	,	,	PUNCT
cblr-2919	109	67	tranching	tranche	VERB
cblr-2919	109	68	the	the	DET
cblr-2919	109	69	cash	cash	NOUN
cblr-2919	109	70	flows	flow	VERB
cblr-2919	109	71	so	so	SCONJ
cblr-2919	109	72	that	that	SCONJ
cblr-2919	109	73	all	all	DET
cblr-2919	109	74	but	but	SCONJ
cblr-2919	109	75	a	a	DET
cblr-2919	109	76	few	few	ADJ
cblr-2919	109	77	tranches	tranche	NOUN
cblr-2919	109	78	received	receive	VERB
cblr-2919	109	79	investment	investment	NOUN
cblr-2919	109	80	grade29	grade29	VERB
cblr-2919	109	81	certification.30	certification.30	ADJ
cblr-2919	109	82	investment	investment	NOUN
cblr-2919	109	83	grade	grade	NOUN
cblr-2919	109	84	2	2	NUM
cblr-2919	109	85	"	"	PUNCT
cblr-2919	109	86	plain	plain	ADJ
cblr-2919	109	87	vanilla	vanilla	NOUN
cblr-2919	109	88	"	"	PUNCT
cblr-2919	109	89	will	will	AUX
cblr-2919	109	90	be	be	AUX
cblr-2919	109	91	used	use	VERB
cblr-2919	109	92	throughout	throughout	ADP
cblr-2919	109	93	this	this	DET
cblr-2919	109	94	note	note	NOUN
cblr-2919	109	95	to	to	PART
cblr-2919	109	96	denote	denote	VERB
cblr-2919	109	97	bonds	bond	NOUN
cblr-2919	109	98	that	that	PRON
cblr-2919	109	99	are	be	AUX
cblr-2919	109	100	not	not	PART
cblr-2919	109	101	structured	structure	VERB
cblr-2919	109	102	;	;	PUNCT
cblr-2919	109	103	that	that	PRON
cblr-2919	109	104	is	is	ADV
cblr-2919	109	105	,	,	PUNCT
cblr-2919	109	106	corporate	corporate	ADJ
cblr-2919	109	107	bonds	bond	NOUN
cblr-2919	109	108	,	,	PUNCT
cblr-2919	109	109	municipal	municipal	ADJ
cblr-2919	109	110	bonds	bond	NOUN
cblr-2919	109	111	,	,	PUNCT
cblr-2919	109	112	treasury	treasury	PROPN
cblr-2919	109	113	securities	security	NOUN
cblr-2919	109	114	,	,	PUNCT
cblr-2919	109	115	etc	etc	X
cblr-2919	109	116	.	.	X
cblr-2919	109	117	25	25	NUM
cblr-2919	109	118	throughout	throughout	ADP
cblr-2919	109	119	this	this	DET
cblr-2919	109	120	note	note	NOUN
cblr-2919	109	121	,	,	PUNCT
cblr-2919	109	122	differences	difference	NOUN
cblr-2919	109	123	between	between	ADP
cblr-2919	109	124	rmbss	rmbss	NOUN
cblr-2919	109	125	/	/	SYM
cblr-2919	109	126	r	r	NOUN
cblr-2919	109	127	-	-	PUNCT
cblr-2919	109	128	cdos	cdo	NOUN
cblr-2919	109	129	and	and	CCONJ
cblr-2919	109	130	plain	plain	ADJ
cblr-2919	109	131	-	-	PUNCT
cblr-2919	109	132	vanilla	vanilla	NOUN
cblr-2919	109	133	bonds	bond	NOUN
cblr-2919	109	134	will	will	AUX
cblr-2919	109	135	be	be	AUX
cblr-2919	109	136	noted	note	VERB
cblr-2919	109	137	.	.	PUNCT
cblr-2919	110	1	26	26	NUM
cblr-2919	110	2	lewis	lewis	PROPN
cblr-2919	110	3	s.	s.	PROPN
cblr-2919	110	4	ranieri	ranieri	PROPN
cblr-2919	110	5	,	,	PUNCT
cblr-2919	110	6	the	the	DET
cblr-2919	110	7	origins	origin	NOUN
cblr-2919	110	8	of	of	ADP
cblr-2919	110	9	securitization	securitization	NOUN
cblr-2919	110	10	,	,	PUNCT
cblr-2919	110	11	sources	source	NOUN
cblr-2919	110	12	of	of	ADP
cblr-2919	110	13	its	its	PRON
cblr-2919	110	14	growth	growth	NOUN
cblr-2919	110	15	,	,	PUNCT
cblr-2919	110	16	and	and	CCONJ
cblr-2919	110	17	its	its	PRON
cblr-2919	110	18	future	future	ADJ
cblr-2919	110	19	potential	potential	NOUN
cblr-2919	110	20	,	,	PUNCT
cblr-2919	110	21	in	in	ADP
cblr-2919	110	22	a	a	DET
cblr-2919	110	23	primer	primer	NOUN
cblr-2919	110	24	on	on	ADP
cblr-2919	110	25	securitization	securitization	NOUN
cblr-2919	110	26	34	34	NUM
cblr-2919	110	27	-	-	SYM
cblr-2919	110	28	37	37	NUM
cblr-2919	110	29	(	(	PUNCT
cblr-2919	110	30	leon	leon	PROPN
cblr-2919	110	31	t.	t.	PROPN
cblr-2919	110	32	kendall	kendall	PROPN
cblr-2919	110	33	&	&	CCONJ
cblr-2919	110	34	michael	michael	PROPN
cblr-2919	110	35	j.	j.	PROPN
cblr-2919	110	36	fishman	fishman	PROPN
cblr-2919	110	37	eds	eds	PROPN
cblr-2919	110	38	.	.	PROPN
cblr-2919	110	39	,	,	PUNCT
cblr-2919	110	40	2000	2000	NUM
cblr-2919	110	41	)	)	PUNCT
cblr-2919	110	42	;	;	PUNCT
cblr-2919	110	43	cf	cf	X
cblr-2919	110	44	.	.	PUNCT
cblr-2919	111	1	kendall	kendall	PROPN
cblr-2919	111	2	,	,	PUNCT
cblr-2919	111	3	supra	supra	PROPN
cblr-2919	111	4	note	note	PROPN
cblr-2919	111	5	19	19	NUM
cblr-2919	111	6	,	,	PUNCT
cblr-2919	111	7	at	at	ADP
cblr-2919	111	8	6	6	NUM
cblr-2919	111	9	(	(	PUNCT
cblr-2919	111	10	discussing	discuss	VERB
cblr-2919	111	11	government	government	NOUN
cblr-2919	111	12	-	-	PUNCT
cblr-2919	111	13	sponsored	sponsor	VERB
cblr-2919	111	14	entities	entity	NOUN
cblr-2919	111	15	'	'	PART
cblr-2919	111	16	ability	ability	NOUN
cblr-2919	111	17	to	to	PART
cblr-2919	111	18	provide	provide	VERB
cblr-2919	111	19	investors	investor	NOUN
cblr-2919	111	20	with	with	ADP
cblr-2919	111	21	standardized	standardized	ADJ
cblr-2919	111	22	,	,	PUNCT
cblr-2919	111	23	consumer	consumer	NOUN
cblr-2919	111	24	-	-	PUNCT
cblr-2919	111	25	loan	loan	NOUN
cblr-2919	111	26	-	-	PUNCT
cblr-2919	111	27	backed	back	VERB
cblr-2919	111	28	securities	security	NOUN
cblr-2919	111	29	that	that	PRON
cblr-2919	111	30	carried	carry	VERB
cblr-2919	111	31	quasi	quasi	ADJ
cblr-2919	111	32	-	-	ADJ
cblr-2919	111	33	government	government	ADJ
cblr-2919	111	34	guarantees	guarantee	NOUN
cblr-2919	111	35	)	)	PUNCT
cblr-2919	111	36	.	.	PUNCT
cblr-2919	112	1	27	27	NUM
cblr-2919	112	2	ashcraft	ashcraft	NOUN
cblr-2919	112	3	,	,	PUNCT
cblr-2919	112	4	supra	supra	PROPN
cblr-2919	112	5	note	note	PROPN
cblr-2919	112	6	19	19	NUM
cblr-2919	112	7	,	,	PUNCT
cblr-2919	112	8	at	at	ADP
cblr-2919	112	9	2	2	NUM
cblr-2919	112	10	.	.	X
cblr-2919	112	11	28	28	NUM
cblr-2919	113	1	i	i	PROPN
cblr-2919	113	2	d.	d.	PROPN
cblr-2919	113	3	"	"	PUNCT
cblr-2919	113	4	investment	investment	NOUN
cblr-2919	113	5	grade	grade	NOUN
cblr-2919	113	6	is	be	AUX
cblr-2919	113	7	a	a	DET
cblr-2919	113	8	bbbor	bbbor	NOUN
cblr-2919	113	9	higher	high	ADJ
cblr-2919	113	10	rating	rating	NOUN
cblr-2919	113	11	.	.	PUNCT
cblr-2919	114	1	the	the	DET
cblr-2919	114	2	bbblevel	bbblevel	NOUN
cblr-2919	114	3	is	be	AUX
cblr-2919	114	4	set	set	VERB
cblr-2919	114	5	by	by	ADP
cblr-2919	114	6	the	the	DET
cblr-2919	114	7	individual	individual	ADJ
cblr-2919	114	8	cras	cras	X
cblr-2919	114	9	.	.	PUNCT
cblr-2919	115	1	turmoil	turmoil	NOUN
cblr-2919	115	2	in	in	ADP
cblr-2919	115	3	u.s	u.s	PROPN
cblr-2919	115	4	.	.	PROPN
cblr-2919	115	5	credit	credit	NOUN
cblr-2919	115	6	market	market	NOUN
cblr-2919	115	7	:	:	PUNCT
cblr-2919	115	8	the	the	DET
cblr-2919	115	9	role	role	NOUN
cblr-2919	115	10	of	of	ADP
cblr-2919	115	11	the	the	DET
cblr-2919	115	12	credit	credit	NOUN
cblr-2919	115	13	rating	rating	NOUN
cblr-2919	115	14	agencies	agency	NOUN
cblr-2919	115	15	:	:	PUNCT
cblr-2919	115	16	hearing	hear	VERB
cblr-2919	115	17	before	before	ADP
cblr-2919	115	18	the	the	DET
cblr-2919	115	19	s.	s.	PROPN
cblr-2919	115	20	comm	comm	NOUN
cblr-2919	115	21	.	.	PUNCT
cblr-2919	116	1	on	on	ADP
cblr-2919	116	2	banking	banking	NOUN
cblr-2919	116	3	,	,	PUNCT
cblr-2919	116	4	housing	housing	NOUN
cblr-2919	116	5	,	,	PUNCT
cblr-2919	116	6	and	and	CCONJ
cblr-2919	116	7	urban	urban	PROPN
cblr-2919	116	8	affairs	affair	NOUN
cblr-2919	116	9	,	,	PUNCT
cblr-2919	116	10	110th	110th	ADJ
cblr-2919	116	11	cong	cong	NOUN
cblr-2919	116	12	.	.	PUNCT
cblr-2919	117	1	18	18	NUM
cblr-2919	117	2	(	(	PUNCT
cblr-2919	117	3	2008	2008	NUM
cblr-2919	117	4	)	)	PUNCT
cblr-2919	117	5	(	(	PUNCT
cblr-2919	117	6	statement	statement	NOUN
cblr-2919	117	7	of	of	ADP
cblr-2919	117	8	arturo	arturo	PROPN
cblr-2919	117	9	cifuentes	cifuente	NOUN
cblr-2919	117	10	,	,	PUNCT
cblr-2919	117	11	managing	managing	NOUN
cblr-2919	117	12	director	director	NOUN
cblr-2919	117	13	,	,	PUNCT
cblr-2919	117	14	r.w	r.w	PROPN
cblr-2919	117	15	.	.	PROPN
cblr-2919	117	16	pressprich	pressprich	PROPN
cblr-2919	117	17	&	&	CCONJ
cblr-2919	117	18	co.	co.	PROPN
cblr-2919	117	19	)	)	PUNCT
cblr-2919	117	20	.	.	PUNCT
cblr-2919	118	1	a	a	DET
cblr-2919	118	2	bbbrating	bbbrate	VERB
cblr-2919	118	3	251	251	NUM
cblr-2919	118	4	columbia	columbia	PROPN
cblr-2919	118	5	business	business	PROPN
cblr-2919	118	6	la	la	PROPN
cblr-2919	118	7	wreview	wreview	PROPN
cblr-2919	118	8	certification	certification	NOUN
cblr-2919	118	9	greatly	greatly	ADV
cblr-2919	118	10	expands	expand	VERB
cblr-2919	118	11	the	the	DET
cblr-2919	118	12	market	market	NOUN
cblr-2919	118	13	for	for	ADP
cblr-2919	118	14	these	these	DET
cblr-2919	118	15	securities	security	NOUN
cblr-2919	118	16	because	because	SCONJ
cblr-2919	118	17	many	many	ADJ
cblr-2919	118	18	institutional	institutional	ADJ
cblr-2919	118	19	investors	investor	NOUN
cblr-2919	118	20	are	be	AUX
cblr-2919	118	21	required	require	VERB
cblr-2919	118	22	,	,	PUNCT
cblr-2919	118	23	or	or	CCONJ
cblr-2919	118	24	have	have	VERB
cblr-2919	118	25	substantial	substantial	ADJ
cblr-2919	118	26	incentives	incentive	NOUN
cblr-2919	118	27	,	,	PUNCT
cblr-2919	118	28	to	to	PART
cblr-2919	118	29	buy	buy	VERB
cblr-2919	118	30	only	only	ADJ
cblr-2919	118	31	investment	investment	NOUN
cblr-2919	118	32	grade	grade	NOUN
cblr-2919	118	33	securities	security	NOUN
cblr-2919	118	34	.	.	PUNCT
cblr-2919	118	35	"	"	PUNCT
cblr-2919	119	1	the	the	DET
cblr-2919	119	2	purpose	purpose	NOUN
cblr-2919	119	3	of	of	ADP
cblr-2919	119	4	these	these	DET
cblr-2919	119	5	regulations	regulation	NOUN
cblr-2919	119	6	is	be	AUX
cblr-2919	119	7	to	to	PART
cblr-2919	119	8	restrain	restrain	VERB
cblr-2919	119	9	institutional	institutional	ADJ
cblr-2919	119	10	investor	investor	NOUN
cblr-2919	119	11	risk	risk	NOUN
cblr-2919	119	12	-	-	PUNCT
cblr-2919	119	13	taking	taking	NOUN
cblr-2919	119	14	.	.	PUNCT
cblr-2919	120	1	for	for	ADP
cblr-2919	120	2	example	example	NOUN
cblr-2919	120	3	,	,	PUNCT
cblr-2919	120	4	the	the	DET
cblr-2919	120	5	basel	basel	PROPN
cblr-2919	120	6	i	i	PROPN
cblr-2919	120	7	banking	banking	NOUN
cblr-2919	120	8	regulations	regulation	NOUN
cblr-2919	120	9	heavily	heavily	ADV
cblr-2919	120	10	incentivize	incentivize	VERB
cblr-2919	120	11	commercial	commercial	ADJ
cblr-2919	120	12	banks	bank	NOUN
cblr-2919	120	13	to	to	PART
cblr-2919	120	14	invest	invest	VERB
cblr-2919	120	15	in	in	ADP
cblr-2919	120	16	securities	security	NOUN
cblr-2919	120	17	given	give	VERB
cblr-2919	120	18	the	the	DET
cblr-2919	120	19	highest	high	ADJ
cblr-2919	120	20	rating	rating	NOUN
cblr-2919	120	21	,	,	PUNCT
cblr-2919	120	22	aaa	aaa	NOUN
cblr-2919	120	23	,	,	PUNCT
cblr-2919	120	24	by	by	ADP
cblr-2919	120	25	the	the	DET
cblr-2919	120	26	cras.32	cras.32	PROPN
cblr-2919	120	27	since	since	SCONJ
cblr-2919	120	28	there	there	PRON
cblr-2919	120	29	are	be	VERB
cblr-2919	120	30	only	only	ADV
cblr-2919	120	31	a	a	DET
cblr-2919	120	32	few	few	ADJ
cblr-2919	120	33	corporate	corporate	ADJ
cblr-2919	120	34	issuers	issuer	NOUN
cblr-2919	120	35	with	with	ADP
cblr-2919	120	36	that	that	DET
cblr-2919	120	37	rating	rating	NOUN
cblr-2919	120	38	,	,	PUNCT
cblr-2919	120	39	investment	investment	NOUN
cblr-2919	120	40	banks	bank	NOUN
cblr-2919	120	41	met	meet	VERB
cblr-2919	120	42	the	the	DET
cblr-2919	120	43	excess	excess	ADJ
cblr-2919	120	44	demand	demand	NOUN
cblr-2919	120	45	by	by	ADP
cblr-2919	120	46	structuring	structure	VERB
cblr-2919	120	47	r	r	NOUN
cblr-2919	120	48	-	-	PUNCT
cblr-2919	120	49	cdos	cdo	NOUN
cblr-2919	120	50	so	so	SCONJ
cblr-2919	120	51	that	that	SCONJ
cblr-2919	120	52	the	the	DET
cblr-2919	120	53	most	most	ADV
cblr-2919	120	54	senior	senior	ADJ
cblr-2919	120	55	tranche	tranche	NOUN
cblr-2919	120	56	received	receive	VERB
cblr-2919	120	57	a	a	DET
cblr-2919	120	58	aaa	aaa	NOUN
cblr-2919	120	59	rating	rating	NOUN
cblr-2919	120	60	.	.	PUNCT
cblr-2919	120	61	"	"	PUNCT
cblr-2919	121	1	sec	sec	PROPN
cblr-2919	121	2	regulations	regulation	NOUN
cblr-2919	121	3	also	also	ADV
cblr-2919	121	4	mandate	mandate	VERB
cblr-2919	121	5	that	that	SCONJ
cblr-2919	121	6	only	only	ADV
cblr-2919	121	7	nationally	nationally	ADV
cblr-2919	121	8	recognized	recognize	VERB
cblr-2919	121	9	statistical	statistical	ADJ
cblr-2919	121	10	rating	rating	NOUN
cblr-2919	121	11	organizations	organization	NOUN
cblr-2919	121	12	(	(	PUNCT
cblr-2919	121	13	nrsros)34	nrsros)34	PROPN
cblr-2919	121	14	can	can	AUX
cblr-2919	121	15	determine	determine	VERB
cblr-2919	121	16	whether	whether	SCONJ
cblr-2919	121	17	a	a	DET
cblr-2919	121	18	security	security	NOUN
cblr-2919	121	19	is	be	AUX
cblr-2919	121	20	investment	investment	NOUN
cblr-2919	121	21	denotes	denote	NOUN
cblr-2919	121	22	approximately	approximately	ADV
cblr-2919	121	23	a	a	DET
cblr-2919	121	24	0.75	0.75	NUM
cblr-2919	121	25	%	%	NOUN
cblr-2919	121	26	annual	annual	ADJ
cblr-2919	121	27	probability	probability	NOUN
cblr-2919	121	28	of	of	ADP
cblr-2919	121	29	default	default	NOUN
cblr-2919	121	30	.	.	PUNCT
cblr-2919	122	1	a	a	DET
cblr-2919	122	2	aaa	aaa	NOUN
cblr-2919	122	3	rating	rating	NOUN
cblr-2919	122	4	denotes	denote	VERB
cblr-2919	122	5	a	a	DET
cblr-2919	122	6	zero	zero	NUM
cblr-2919	122	7	-	-	PUNCT
cblr-2919	122	8	percent	percent	NOUN
cblr-2919	122	9	chance	chance	NOUN
cblr-2919	122	10	of	of	ADP
cblr-2919	122	11	default	default	NOUN
cblr-2919	122	12	.	.	PUNCT
cblr-2919	123	1	these	these	DET
cblr-2919	123	2	categories	category	NOUN
cblr-2919	123	3	differ	differ	VERB
cblr-2919	123	4	only	only	ADV
cblr-2919	123	5	stylistically	stylistically	ADV
cblr-2919	123	6	as	as	ADP
cblr-2919	123	7	between	between	ADP
cblr-2919	123	8	the	the	DET
cblr-2919	123	9	three	three	NUM
cblr-2919	123	10	cras	cras	X
cblr-2919	123	11	.	.	PUNCT
cblr-2919	124	1	joshua	joshua	PROPN
cblr-2919	124	2	coval	coval	PROPN
cblr-2919	124	3	,	,	PUNCT
cblr-2919	124	4	jakub	jakub	PROPN
cblr-2919	124	5	jurek	jurek	PROPN
cblr-2919	124	6	&	&	CCONJ
cblr-2919	124	7	erik	erik	PROPN
cblr-2919	124	8	stafford	stafford	PROPN
cblr-2919	124	9	,	,	PUNCT
cblr-2919	124	10	the	the	DET
cblr-2919	124	11	economics	economic	NOUN
cblr-2919	124	12	of	of	ADP
cblr-2919	124	13	structured	structured	ADJ
cblr-2919	124	14	finance	finance	NOUN
cblr-2919	124	15	,	,	PUNCT
cblr-2919	124	16	23	23	NUM
cblr-2919	124	17	j.	j.	PROPN
cblr-2919	124	18	econ	econ	PROPN
cblr-2919	124	19	.	.	PUNCT
cblr-2919	125	1	persp	persp	PROPN
cblr-2919	125	2	.	.	PUNCT
cblr-2919	126	1	3	3	NUM
cblr-2919	126	2	,	,	PUNCT
cblr-2919	126	3	9	9	NUM
cblr-2919	126	4	(	(	PUNCT
cblr-2919	126	5	2009	2009	NUM
cblr-2919	126	6	)	)	PUNCT
cblr-2919	126	7	.	.	PUNCT
cblr-2919	127	1	30	30	NUM
cblr-2919	127	2	mason	mason	PROPN
cblr-2919	127	3	&	&	CCONJ
cblr-2919	127	4	rosner	rosner	PROPN
cblr-2919	127	5	,	,	PUNCT
cblr-2919	127	6	supra	supra	PROPN
cblr-2919	127	7	note	note	PROPN
cblr-2919	127	8	20	20	NUM
cblr-2919	127	9	,	,	PUNCT
cblr-2919	127	10	at	at	ADP
cblr-2919	127	11	8	8	NUM
cblr-2919	127	12	-	-	SYM
cblr-2919	127	13	10	10	NUM
cblr-2919	127	14	.	.	PUNCT
cblr-2919	128	1	an	an	DET
cblr-2919	128	2	analysis	analysis	NOUN
cblr-2919	128	3	of	of	ADP
cblr-2919	128	4	why	why	SCONJ
cblr-2919	128	5	the	the	DET
cblr-2919	128	6	growth	growth	NOUN
cblr-2919	128	7	occurred	occur	VERB
cblr-2919	128	8	now	now	ADV
cblr-2919	128	9	,	,	PUNCT
cblr-2919	128	10	and	and	CCONJ
cblr-2919	128	11	not	not	PART
cblr-2919	128	12	in	in	ADP
cblr-2919	128	13	some	some	DET
cblr-2919	128	14	previous	previous	ADJ
cblr-2919	128	15	period	period	NOUN
cblr-2919	128	16	,	,	PUNCT
cblr-2919	128	17	is	be	AUX
cblr-2919	128	18	beyond	beyond	ADP
cblr-2919	128	19	the	the	DET
cblr-2919	128	20	scope	scope	NOUN
cblr-2919	128	21	of	of	ADP
cblr-2919	128	22	this	this	DET
cblr-2919	128	23	note	note	NOUN
cblr-2919	128	24	;	;	PUNCT
cblr-2919	128	25	see	see	VERB
cblr-2919	128	26	generally	generally	ADV
cblr-2919	128	27	charles	charles	PROPN
cblr-2919	128	28	p.	p.	PROPN
cblr-2919	128	29	kindleberger	kindleberger	PROPN
cblr-2919	128	30	&	&	CCONJ
cblr-2919	128	31	robert	robert	PROPN
cblr-2919	128	32	aliber	aliber	PROPN
cblr-2919	128	33	,	,	PUNCT
cblr-2919	128	34	manias	mania	NOUN
cblr-2919	128	35	,	,	PUNCT
cblr-2919	128	36	panics	panic	NOUN
cblr-2919	128	37	,	,	PUNCT
cblr-2919	128	38	and	and	CCONJ
cblr-2919	128	39	crashes	crash	VERB
cblr-2919	128	40	:	:	PUNCT
cblr-2919	128	41	a	a	DET
cblr-2919	128	42	history	history	NOUN
cblr-2919	128	43	of	of	ADP
cblr-2919	128	44	financial	financial	ADJ
cblr-2919	128	45	crises	crisis	NOUN
cblr-2919	128	46	(	(	PUNCT
cblr-2919	128	47	5th	5th	ADJ
cblr-2919	128	48	ed	ed	NOUN
cblr-2919	128	49	.	.	PROPN
cblr-2919	128	50	2005	2005	NUM
cblr-2919	128	51	)	)	PUNCT
cblr-2919	128	52	(	(	PUNCT
cblr-2919	128	53	analyzing	analyze	VERB
cblr-2919	128	54	previous	previous	ADJ
cblr-2919	128	55	financial	financial	ADJ
cblr-2919	128	56	bubbles	bubble	NOUN
cblr-2919	128	57	)	)	PUNCT
cblr-2919	128	58	.	.	PUNCT
cblr-2919	129	1	31	31	NUM
cblr-2919	129	2	mason	mason	PROPN
cblr-2919	129	3	&	&	CCONJ
cblr-2919	129	4	rosner	rosner	PROPN
cblr-2919	129	5	,	,	PUNCT
cblr-2919	129	6	supra	supra	PROPN
cblr-2919	129	7	note	note	PROPN
cblr-2919	129	8	20	20	NUM
cblr-2919	129	9	,	,	PUNCT
cblr-2919	129	10	at	at	ADP
cblr-2919	129	11	8	8	NUM
cblr-2919	129	12	-	-	SYM
cblr-2919	129	13	10	10	NUM
cblr-2919	129	14	.	.	PUNCT
cblr-2919	129	15	"	"	PUNCT
cblr-2919	129	16	see	see	VERB
cblr-2919	129	17	coval	coval	NOUN
cblr-2919	129	18	et	et	PROPN
cblr-2919	129	19	al	al	PROPN
cblr-2919	129	20	.	.	PROPN
cblr-2919	129	21	,	,	PUNCT
cblr-2919	129	22	supra	supra	PROPN
cblr-2919	129	23	note	note	PROPN
cblr-2919	129	24	29	29	NUM
cblr-2919	129	25	,	,	PUNCT
cblr-2919	129	26	at	at	ADP
cblr-2919	129	27	22	22	NUM
cblr-2919	129	28	.	.	PUNCT
cblr-2919	130	1	the	the	DET
cblr-2919	130	2	following	follow	VERB
cblr-2919	130	3	are	be	AUX
cblr-2919	130	4	other	other	ADJ
cblr-2919	130	5	examples	example	NOUN
cblr-2919	130	6	of	of	ADP
cblr-2919	130	7	such	such	ADJ
cblr-2919	130	8	regulation	regulation	NOUN
cblr-2919	130	9	:	:	PUNCT
cblr-2919	130	10	net	net	ADJ
cblr-2919	130	11	capital	capital	NOUN
cblr-2919	130	12	requirements	requirement	NOUN
cblr-2919	130	13	for	for	ADP
cblr-2919	130	14	brokerdealers	brokerdealer	NOUN
cblr-2919	130	15	,	,	PUNCT
cblr-2919	130	16	17	17	NUM
cblr-2919	130	17	c.f.r	c.f.r	NOUN
cblr-2919	130	18	.	.	PUNCT
cblr-2919	131	1	§	§	PROPN
cblr-2919	131	2	240.15c3	240.15c3	PROPN
cblr-2919	131	3	-	-	SYM
cblr-2919	131	4	1	1	NUM
cblr-2919	131	5	(	(	PUNCT
cblr-2919	131	6	2008	2008	NUM
cblr-2919	131	7	)	)	PUNCT
cblr-2919	131	8	(	(	PUNCT
cblr-2919	131	9	defining	define	VERB
cblr-2919	131	10	capital	capital	NOUN
cblr-2919	131	11	adequacy	adequacy	NOUN
cblr-2919	131	12	requirements	requirement	NOUN
cblr-2919	131	13	for	for	ADP
cblr-2919	131	14	broker	broker	NOUN
cblr-2919	131	15	-	-	PUNCT
cblr-2919	131	16	dealers	dealer	NOUN
cblr-2919	131	17	under	under	ADP
cblr-2919	131	18	the	the	DET
cblr-2919	131	19	securities	security	NOUN
cblr-2919	131	20	exchange	exchange	PROPN
cblr-2919	131	21	act	act	NOUN
cblr-2919	131	22	of	of	ADP
cblr-2919	131	23	1934	1934	NUM
cblr-2919	131	24	)	)	PUNCT
cblr-2919	131	25	;	;	PUNCT
cblr-2919	131	26	net	net	ADJ
cblr-2919	131	27	capital	capital	NOUN
cblr-2919	131	28	requirements	requirement	NOUN
cblr-2919	131	29	for	for	ADP
cblr-2919	131	30	money	money	NOUN
cblr-2919	131	31	market	market	NOUN
cblr-2919	131	32	funds	fund	NOUN
cblr-2919	131	33	,	,	PUNCT
cblr-2919	131	34	17	17	NUM
cblr-2919	131	35	c.f.r	c.f.r	NOUN
cblr-2919	131	36	.	.	PUNCT
cblr-2919	132	1	§	§	PROPN
cblr-2919	132	2	270.2a-7	270.2a-7	PROPN
cblr-2919	132	3	(	(	PUNCT
cblr-2919	132	4	2008	2008	NUM
cblr-2919	132	5	)	)	PUNCT
cblr-2919	132	6	(	(	PUNCT
cblr-2919	132	7	defining	define	VERB
cblr-2919	132	8	capital	capital	NOUN
cblr-2919	132	9	adequacy	adequacy	NOUN
cblr-2919	132	10	requirements	requirement	NOUN
cblr-2919	132	11	for	for	ADP
cblr-2919	132	12	money	money	NOUN
cblr-2919	132	13	market	market	NOUN
cblr-2919	132	14	funds	fund	NOUN
cblr-2919	132	15	under	under	ADP
cblr-2919	132	16	the	the	DET
cblr-2919	132	17	investment	investment	NOUN
cblr-2919	132	18	company	company	NOUN
cblr-2919	132	19	act	act	NOUN
cblr-2919	132	20	of	of	ADP
cblr-2919	132	21	1940	1940	NUM
cblr-2919	132	22	)	)	PUNCT
cblr-2919	132	23	.	.	PUNCT
cblr-2919	132	24	"	"	PUNCT
cblr-2919	133	1	see	see	VERB
cblr-2919	133	2	coval	coval	NOUN
cblr-2919	133	3	et	et	PROPN
cblr-2919	133	4	al	al	PROPN
cblr-2919	133	5	.	.	PROPN
cblr-2919	133	6	,	,	PUNCT
cblr-2919	133	7	supra	supra	PROPN
cblr-2919	133	8	note	note	PROPN
cblr-2919	133	9	29	29	NUM
cblr-2919	133	10	,	,	PUNCT
cblr-2919	133	11	at	at	ADP
cblr-2919	133	12	4	4	NUM
cblr-2919	133	13	,	,	PUNCT
cblr-2919	133	14	22	22	NUM
cblr-2919	133	15	.	.	PUNCT
cblr-2919	134	1	34	34	NUM
cblr-2919	135	1	if	if	SCONJ
cblr-2919	135	2	anyone	anyone	PRON
cblr-2919	135	3	's	's	PART
cblr-2919	135	4	"	"	PUNCT
cblr-2919	135	5	investment	investment	NOUN
cblr-2919	135	6	grade	grade	NOUN
cblr-2919	135	7	"	"	PUNCT
cblr-2919	135	8	determination	determination	NOUN
cblr-2919	135	9	were	be	AUX
cblr-2919	135	10	deemed	deem	VERB
cblr-2919	135	11	sufficient	sufficient	ADJ
cblr-2919	135	12	for	for	ADP
cblr-2919	135	13	regulatory	regulatory	ADJ
cblr-2919	135	14	purposes	purpose	NOUN
cblr-2919	135	15	,	,	PUNCT
cblr-2919	135	16	then	then	ADV
cblr-2919	135	17	there	there	PRON
cblr-2919	135	18	would	would	AUX
cblr-2919	135	19	not	not	PART
cblr-2919	135	20	be	be	AUX
cblr-2919	135	21	many	many	ADJ
cblr-2919	135	22	securities	security	NOUN
cblr-2919	135	23	without	without	ADP
cblr-2919	135	24	that	that	DET
cblr-2919	135	25	label	label	NOUN
cblr-2919	135	26	.	.	PUNCT
cblr-2919	136	1	thus	thus	ADV
cblr-2919	136	2	,	,	PUNCT
cblr-2919	136	3	the	the	DET
cblr-2919	136	4	sec	sec	PROPN
cblr-2919	136	5	,	,	PUNCT
cblr-2919	136	6	when	when	SCONJ
cblr-2919	136	7	first	first	ADV
cblr-2919	136	8	incorporating	incorporate	VERB
cblr-2919	136	9	ratings	rating	NOUN
cblr-2919	136	10	into	into	ADP
cblr-2919	136	11	regulations	regulation	NOUN
cblr-2919	136	12	,	,	PUNCT
cblr-2919	136	13	limited	limited	ADJ
cblr-2919	136	14	qualifying	qualifying	NOUN
cblr-2919	136	15	ratings	rating	NOUN
cblr-2919	136	16	to	to	ADP
cblr-2919	136	17	those	those	PRON
cblr-2919	136	18	made	make	VERB
cblr-2919	136	19	by	by	ADP
cblr-2919	136	20	nrsros	nrsros	PROPN
cblr-2919	136	21	.	.	PUNCT
cblr-2919	137	1	however	however	ADV
cblr-2919	137	2	,	,	PUNCT
cblr-2919	137	3	it	it	PRON
cblr-2919	137	4	did	do	AUX
cblr-2919	137	5	leave	leave	VERB
cblr-2919	137	6	it	it	PRON
cblr-2919	137	7	up	up	ADP
cblr-2919	137	8	to	to	ADP
cblr-2919	137	9	the	the	DET
cblr-2919	137	10	nrsros	nrsro	NOUN
cblr-2919	137	11	to	to	PART
cblr-2919	137	12	determine	determine	VERB
cblr-2919	137	13	the	the	DET
cblr-2919	137	14	qualifications	qualification	NOUN
cblr-2919	137	15	for	for	ADP
cblr-2919	137	16	an	an	DET
cblr-2919	137	17	investment	investment	NOUN
cblr-2919	137	18	grade	grade	NOUN
cblr-2919	137	19	rating	rating	NOUN
cblr-2919	137	20	.	.	PUNCT
cblr-2919	138	1	see	see	VERB
cblr-2919	138	2	john	john	PROPN
cblr-2919	138	3	c.	c.	PROPN
cblr-2919	138	4	coffee	coffee	PROPN
cblr-2919	138	5	,	,	PUNCT
cblr-2919	138	6	jr	jr	PROPN
cblr-2919	138	7	.	.	PROPN
cblr-2919	138	8	,	,	PUNCT
cblr-2919	138	9	gatekeepers	gatekeeper	NOUN
cblr-2919	138	10	:	:	PUNCT
cblr-2919	138	11	the	the	DET
cblr-2919	138	12	professions	profession	NOUN
cblr-2919	138	13	and	and	CCONJ
cblr-2919	138	14	corporate	corporate	ADJ
cblr-2919	138	15	governance	governance	NOUN
cblr-2919	138	16	289	289	NUM
cblr-2919	138	17	(	(	PUNCT
cblr-2919	138	18	2006	2006	NUM
cblr-2919	138	19	)	)	PUNCT
cblr-2919	138	20	.	.	PUNCT
cblr-2919	139	1	in	in	ADP
cblr-2919	139	2	part	part	NOUN
cblr-2919	139	3	v.c	v.c	PROPN
cblr-2919	139	4	,	,	PUNCT
cblr-2919	139	5	this	this	DET
cblr-2919	139	6	note	note	NOUN
cblr-2919	139	7	explains	explain	VERB
cblr-2919	139	8	why	why	SCONJ
cblr-2919	139	9	ratings	rating	NOUN
cblr-2919	139	10	based	base	VERB
cblr-2919	139	11	purely	purely	ADV
cblr-2919	139	12	on	on	ADP
cblr-2919	139	13	default	default	NOUN
cblr-2919	139	14	risk	risk	NOUN
cblr-2919	139	15	mask	mask	VERB
cblr-2919	139	16	important	important	ADJ
cblr-2919	139	17	differences	difference	NOUN
cblr-2919	139	18	between	between	ADP
cblr-2919	139	19	the	the	DET
cblr-2919	139	20	default	default	NOUN
cblr-2919	139	21	of	of	ADP
cblr-2919	139	22	a	a	DET
cblr-2919	139	23	tranche	tranche	NOUN
cblr-2919	139	24	in	in	ADP
cblr-2919	139	25	an	an	DET
cblr-2919	139	26	r	r	NOUN
cblr-2919	139	27	-	-	PUNCT
cblr-2919	139	28	cdo	cdo	NOUN
cblr-2919	139	29	or	or	CCONJ
cblr-2919	139	30	rmbs	rmb	NOUN
cblr-2919	139	31	and	and	CCONJ
cblr-2919	139	32	the	the	DET
cblr-2919	139	33	default	default	NOUN
cblr-2919	139	34	of	of	ADP
cblr-2919	139	35	a	a	DET
cblr-2919	139	36	regular	regular	ADJ
cblr-2919	139	37	corporate	corporate	ADJ
cblr-2919	139	38	bond	bond	NOUN
cblr-2919	139	39	.	.	PUNCT
cblr-2919	140	1	252	252	NUM
cblr-2919	141	1	[	[	X
cblr-2919	141	2	vol	vol	NOUN
cblr-2919	141	3	.	.	PUNCT
cblr-2919	141	4	2010	2010	NUM
cblr-2919	141	5	no	no	INTJ
cblr-2919	141	6	.	.	PUNCT
cblr-2919	142	1	1:245	1:245	NUM
cblr-2919	142	2	]	]	X
cblr-2919	142	3	mortgage	mortgage	NOUN
cblr-2919	142	4	credit	credit	NOUN
cblr-2919	142	5	ratings	rating	NOUN
cblr-2919	142	6	and	and	CCONJ
cblr-2919	142	7	financial	financial	ADJ
cblr-2919	142	8	crisis	crisis	NOUN
cblr-2919	142	9	grade	grade	NOUN
cblr-2919	142	10	or	or	CCONJ
cblr-2919	142	11	aaa	aaa	NOUN
cblr-2919	142	12	.	.	PUNCT
cblr-2919	142	13	"	"	PUNCT
cblr-2919	143	1	the	the	DET
cblr-2919	143	2	focus	focus	NOUN
cblr-2919	143	3	of	of	ADP
cblr-2919	143	4	this	this	DET
cblr-2919	143	5	note	note	NOUN
cblr-2919	143	6	is	be	AUX
cblr-2919	143	7	the	the	DET
cblr-2919	143	8	three	three	NUM
cblr-2919	143	9	nrsros	nrsro	NOUN
cblr-2919	143	10	,	,	PUNCT
cblr-2919	143	11	moody	moody	PROPN
cblr-2919	143	12	's	's	PART
cblr-2919	143	13	,	,	PUNCT
cblr-2919	143	14	s&p	s&p	PROPN
cblr-2919	143	15	,	,	PUNCT
cblr-2919	143	16	and	and	CCONJ
cblr-2919	143	17	fitch	fitch	PROPN
cblr-2919	143	18	,	,	PUNCT
cblr-2919	143	19	that	that	PRON
cblr-2919	143	20	dominate	dominate	VERB
cblr-2919	143	21	credit	credit	NOUN
cblr-2919	143	22	ratings	rating	NOUN
cblr-2919	143	23	,	,	PUNCT
cblr-2919	143	24	particularly	particularly	ADV
cblr-2919	143	25	the	the	DET
cblr-2919	143	26	ratings	rating	NOUN
cblr-2919	143	27	of	of	ADP
cblr-2919	143	28	rmbss	rmbss	NOUN
cblr-2919	143	29	and	and	CCONJ
cblr-2919	143	30	r	r	X
cblr-2919	143	31	-	-	VERB
cblr-2919	143	32	cdos.3	cdos.3	PROPN
cblr-2919	143	33	6	6	NUM
cblr-2919	143	34	this	this	DET
cblr-2919	143	35	note	note	NOUN
cblr-2919	143	36	will	will	AUX
cblr-2919	143	37	refer	refer	VERB
cblr-2919	143	38	collectively	collectively	ADV
cblr-2919	143	39	to	to	ADP
cblr-2919	143	40	these	these	DET
cblr-2919	143	41	three	three	NUM
cblr-2919	143	42	cras	cra	NOUN
cblr-2919	143	43	as	as	ADP
cblr-2919	143	44	"	"	PUNCT
cblr-2919	143	45	cras	cras	X
cblr-2919	143	46	.	.	PUNCT
cblr-2919	143	47	"	"	PUNCT
cblr-2919	144	1	another	another	DET
cblr-2919	144	2	historical	historical	ADJ
cblr-2919	144	3	feature	feature	NOUN
cblr-2919	144	4	of	of	ADP
cblr-2919	144	5	the	the	DET
cblr-2919	144	6	cra	cra	PROPN
cblr-2919	144	7	industry	industry	NOUN
cblr-2919	144	8	is	be	AUX
cblr-2919	144	9	that	that	SCONJ
cblr-2919	144	10	the	the	DET
cblr-2919	144	11	cras	cra	NOUN
cblr-2919	144	12	are	be	AUX
cblr-2919	144	13	protected	protect	VERB
cblr-2919	144	14	from	from	ADP
cblr-2919	144	15	negligence	negligence	NOUN
cblr-2919	144	16	liability	liability	NOUN
cblr-2919	144	17	by	by	ADP
cblr-2919	144	18	the	the	DET
cblr-2919	144	19	first	first	ADJ
cblr-2919	144	20	amendment	amendment	NOUN
cblr-2919	144	21	.	.	PUNCT
cblr-2919	144	22	"	"	PUNCT
cblr-2919	145	1	they	they	PRON
cblr-2919	145	2	have	have	AUX
cblr-2919	145	3	beat	beat	VERB
cblr-2919	145	4	back	back	ADP
cblr-2919	145	5	non	non	ADJ
cblr-2919	145	6	-	-	ADJ
cblr-2919	145	7	fraud	fraud	ADJ
cblr-2919	145	8	based	base	VERB
cblr-2919	145	9	liability	liability	NOUN
cblr-2919	145	10	because	because	SCONJ
cblr-2919	145	11	they	they	PRON
cblr-2919	145	12	have	have	AUX
cblr-2919	145	13	convinced	convince	VERB
cblr-2919	145	14	courts	court	NOUN
cblr-2919	145	15	that	that	SCONJ
cblr-2919	145	16	their	their	PRON
cblr-2919	145	17	ratings	rating	NOUN
cblr-2919	145	18	are	be	AUX
cblr-2919	145	19	constitutionally	constitutionally	ADV
cblr-2919	145	20	protected	protect	VERB
cblr-2919	145	21	opinions	opinion	NOUN
cblr-2919	145	22	.	.	PUNCT
cblr-2919	145	23	"	"	PUNCT
cblr-2919	146	1	if	if	SCONJ
cblr-2919	146	2	,	,	PUNCT
cblr-2919	146	3	however	however	ADV
cblr-2919	146	4	,	,	PUNCT
cblr-2919	146	5	congress	congress	PROPN
cblr-2919	146	6	or	or	CCONJ
cblr-2919	146	7	the	the	DET
cblr-2919	146	8	courts	court	NOUN
cblr-2919	146	9	could	could	AUX
cblr-2919	146	10	somehow	somehow	ADV
cblr-2919	146	11	undo	undo	VERB
cblr-2919	146	12	this	this	DET
cblr-2919	146	13	immunity	immunity	NOUN
cblr-2919	146	14	,	,	PUNCT
cblr-2919	146	15	this	this	DET
cblr-2919	146	16	note	note	NOUN
cblr-2919	146	17	finds	find	VERB
cblr-2919	146	18	,	,	PUNCT
cblr-2919	146	19	in	in	ADP
cblr-2919	146	20	part	part	NOUN
cblr-2919	146	21	v.c	v.c	PROPN
cblr-2919	146	22	.	.	PROPN
cblr-2919	146	23	,	,	PUNCT
cblr-2919	146	24	that	that	SCONJ
cblr-2919	146	25	any	any	DET
cblr-2919	146	26	sort	sort	NOUN
cblr-2919	146	27	of	of	ADP
cblr-2919	146	28	liability	liability	NOUN
cblr-2919	146	29	scheme	scheme	NOUN
cblr-2919	146	30	for	for	ADP
cblr-2919	146	31	poor	poor	ADJ
cblr-2919	146	32	ratings	rating	NOUN
cblr-2919	146	33	would	would	AUX
cblr-2919	146	34	be	be	AUX
cblr-2919	146	35	unlikely	unlikely	ADJ
cblr-2919	146	36	to	to	PART
cblr-2919	146	37	solve	solve	VERB
cblr-2919	146	38	the	the	DET
cblr-2919	146	39	problems	problem	NOUN
cblr-2919	146	40	afflicting	afflict	VERB
cblr-2919	146	41	cra	cra	PROPN
cblr-2919	146	42	ratings	rating	NOUN
cblr-2919	146	43	of	of	ADP
cblr-2919	146	44	rmbss	rmbss	NOUN
cblr-2919	146	45	and	and	CCONJ
cblr-2919	146	46	r	r	NOUN
cblr-2919	146	47	-	-	PUNCT
cblr-2919	146	48	cdos	cdo	NOUN
cblr-2919	146	49	.	.	PUNCT
cblr-2919	147	1	iii	iii	X
cblr-2919	147	2	.	.	PUNCT
cblr-2919	148	1	cra	cra	PROPN
cblr-2919	148	2	incentives	incentive	NOUN
cblr-2919	148	3	and	and	CCONJ
cblr-2919	148	4	industrial	industrial	ADJ
cblr-2919	148	5	structure	structure	NOUN
cblr-2919	148	6	this	this	DET
cblr-2919	148	7	part	part	NOUN
cblr-2919	148	8	summarizes	summarize	VERB
cblr-2919	148	9	scholarly	scholarly	ADJ
cblr-2919	148	10	work	work	NOUN
cblr-2919	148	11	on	on	ADP
cblr-2919	148	12	the	the	DET
cblr-2919	148	13	incentive	incentive	NOUN
cblr-2919	148	14	and	and	CCONJ
cblr-2919	148	15	industrial	industrial	ADJ
cblr-2919	148	16	structure	structure	NOUN
cblr-2919	148	17	faced	face	VERB
cblr-2919	148	18	by	by	ADP
cblr-2919	148	19	the	the	DET
cblr-2919	148	20	cras	cras	PROPN
cblr-2919	148	21	,	,	PUNCT
cblr-2919	148	22	with	with	ADP
cblr-2919	148	23	a	a	DET
cblr-2919	148	24	focus	focus	NOUN
cblr-2919	148	25	on	on	ADP
cblr-2919	148	26	the	the	DET
cblr-2919	148	27	issues	issue	NOUN
cblr-2919	148	28	that	that	PRON
cblr-2919	148	29	are	be	AUX
cblr-2919	148	30	most	most	ADV
cblr-2919	148	31	relevant	relevant	ADJ
cblr-2919	148	32	to	to	ADP
cblr-2919	148	33	ratings	rating	NOUN
cblr-2919	148	34	of	of	ADP
cblr-2919	148	35	rmbss	rmbss	NOUN
cblr-2919	148	36	and	and	CCONJ
cblr-2919	148	37	rcdos	rcdo	NOUN
cblr-2919	148	38	.	.	PUNCT
cblr-2919	149	1	there	there	PRON
cblr-2919	149	2	are	be	VERB
cblr-2919	149	3	three	three	NUM
cblr-2919	149	4	main	main	ADJ
cblr-2919	149	5	factors	factor	NOUN
cblr-2919	149	6	explaining	explain	VERB
cblr-2919	149	7	the	the	DET
cblr-2919	149	8	poor	poor	ADJ
cblr-2919	149	9	performance	performance	NOUN
cblr-2919	149	10	of	of	ADP
cblr-2919	149	11	cras	cras	X
cblr-2919	149	12	.	.	PUNCT
cblr-2919	150	1	first	first	ADV
cblr-2919	150	2	,	,	PUNCT
cblr-2919	150	3	the	the	DET
cblr-2919	150	4	issuer	issuer	NOUN
cblr-2919	150	5	pays	pay	VERB
cblr-2919	150	6	model	model	NOUN
cblr-2919	150	7	is	be	AUX
cblr-2919	150	8	inevitable	inevitable	ADJ
cblr-2919	150	9	-	-	PUNCT
cblr-2919	150	10	the	the	DET
cblr-2919	150	11	alternative	alternative	NOUN
cblr-2919	150	12	,	,	PUNCT
cblr-2919	150	13	the	the	DET
cblr-2919	150	14	subscriber	subscriber	NOUN
cblr-2919	150	15	pays	pay	VERB
cblr-2919	150	16	model	model	NOUN
cblr-2919	150	17	,	,	PUNCT
cblr-2919	150	18	is	be	AUX
cblr-2919	150	19	unlikely	unlikely	ADJ
cblr-2919	150	20	to	to	PART
cblr-2919	150	21	work	work	VERB
cblr-2919	150	22	and	and	CCONJ
cblr-2919	150	23	may	may	AUX
cblr-2919	150	24	not	not	PART
cblr-2919	150	25	be	be	AUX
cblr-2919	150	26	desirable	desirable	ADJ
cblr-2919	150	27	.	.	PUNCT
cblr-2919	151	1	second	second	ADJ
cblr-2919	151	2	,	,	PUNCT
cblr-2919	151	3	reputational	reputational	ADJ
cblr-2919	151	4	capital	capital	NOUN
cblr-2919	151	5	is	be	AUX
cblr-2919	151	6	an	an	DET
cblr-2919	151	7	insufficient	insufficient	ADJ
cblr-2919	151	8	incentive	incentive	NOUN
cblr-2919	151	9	for	for	SCONJ
cblr-2919	151	10	cras	cras	X
cblr-2919	151	11	to	to	PART
cblr-2919	151	12	achieve	achieve	VERB
cblr-2919	151	13	accurate	accurate	ADJ
cblr-2919	151	14	ratings	rating	NOUN
cblr-2919	151	15	of	of	ADP
cblr-2919	151	16	rmbss	rmbss	NOUN
cblr-2919	151	17	and	and	CCONJ
cblr-2919	151	18	r	r	NOUN
cblr-2919	151	19	-	-	PUNCT
cblr-2919	151	20	cdos.39	cdos.39	NOUN
cblr-2919	151	21	third	third	ADJ
cblr-2919	151	22	,	,	PUNCT
cblr-2919	151	23	"	"	PUNCT
cblr-2919	151	24	ashcraft	ashcraft	NOUN
cblr-2919	151	25	,	,	PUNCT
cblr-2919	151	26	supra	supra	PROPN
cblr-2919	151	27	note	note	PROPN
cblr-2919	151	28	19	19	NUM
cblr-2919	151	29	,	,	PUNCT
cblr-2919	151	30	at	at	ADP
cblr-2919	151	31	38	38	NUM
cblr-2919	151	32	.	.	PUNCT
cblr-2919	152	1	36	36	NUM
cblr-2919	152	2	sec	sec	PROPN
cblr-2919	152	3	,	,	PUNCT
cblr-2919	152	4	ann	ann	PROPN
cblr-2919	152	5	.	.	PROPN
cblr-2919	152	6	rep	rep	PROPN
cblr-2919	152	7	.	.	PROPN
cblr-2919	152	8	on	on	ADP
cblr-2919	152	9	nationally	nationally	ADV
cblr-2919	152	10	recognized	recognize	VERB
cblr-2919	152	11	stat	stat	NOUN
cblr-2919	152	12	.	.	PUNCT
cblr-2919	153	1	rating	rating	NOUN
cblr-2919	153	2	orgs	orgs	PROPN
cblr-2919	153	3	.	.	PUNCT
cblr-2919	153	4	,	,	PUNCT
cblr-2919	153	5	june	june	PROPN
cblr-2919	153	6	2008	2008	NUM
cblr-2919	153	7	,	,	PUNCT
cblr-2919	153	8	at	at	ADP
cblr-2919	153	9	35	35	NUM
cblr-2919	153	10	[	[	SYM
cblr-2919	153	11	hereinafter	hereinafter	NOUN
cblr-2919	153	12	nrsro	nrsro	VERB
cblr-2919	153	13	report	report	NOUN
cblr-2919	153	14	]	]	X
cblr-2919	153	15	.	.	PUNCT
cblr-2919	154	1	3	3	NUM
cblr-2919	154	2	see	see	VERB
cblr-2919	154	3	generally	generally	ADV
cblr-2919	154	4	hunt	hunt	NOUN
cblr-2919	154	5	,	,	PUNCT
cblr-2919	154	6	supra	supra	PROPN
cblr-2919	154	7	note	note	PROPN
cblr-2919	154	8	15	15	NUM
cblr-2919	154	9	,	,	PUNCT
cblr-2919	154	10	at	at	ADP
cblr-2919	154	11	54	54	NUM
cblr-2919	154	12	-	-	SYM
cblr-2919	154	13	57	57	NUM
cblr-2919	154	14	.	.	PUNCT
cblr-2919	154	15	31	31	NUM
cblr-2919	155	1	i	i	PRON
cblr-2919	155	2	d.	d.	PROPN
cblr-2919	155	3	however	however	ADV
cblr-2919	155	4	,	,	PUNCT
cblr-2919	155	5	the	the	DET
cblr-2919	155	6	edifice	edifice	NOUN
cblr-2919	155	7	of	of	ADP
cblr-2919	155	8	the	the	DET
cblr-2919	155	9	first	first	ADJ
cblr-2919	155	10	amendment	amendment	NOUN
cblr-2919	155	11	defense	defense	NOUN
cblr-2919	155	12	is	be	AUX
cblr-2919	155	13	cracking	crack	VERB
cblr-2919	155	14	.	.	PUNCT
cblr-2919	156	1	see	see	VERB
cblr-2919	156	2	erik	erik	PROPN
cblr-2919	156	3	larson	larson	PROPN
cblr-2919	156	4	,	,	PUNCT
cblr-2919	156	5	moody	moody	PROPN
cblr-2919	156	6	's	's	PART
cblr-2919	156	7	,	,	PUNCT
cblr-2919	156	8	s&p	s&p	PROPN
cblr-2919	156	9	subprime	subprime	ADJ
cblr-2919	156	10	suit	suit	NOUN
cblr-2919	156	11	narrowed	narrow	VERB
cblr-2919	156	12	by	by	ADP
cblr-2919	156	13	judge	judge	NOUN
cblr-2919	156	14	's	's	PART
cblr-2919	156	15	ruling	ruling	NOUN
cblr-2919	156	16	,	,	PUNCT
cblr-2919	156	17	bloomberg	bloomberg	PROPN
cblr-2919	156	18	,	,	PUNCT
cblr-2919	156	19	oct	oct	PROPN
cblr-2919	156	20	.	.	PROPN
cblr-2919	156	21	19	19	NUM
cblr-2919	156	22	,	,	PUNCT
cblr-2919	156	23	2009	2009	NUM
cblr-2919	156	24	,	,	PUNCT
cblr-2919	156	25	http://www.bloomberg.com/ap	http://www.bloomberg.com/ap	NOUN
cblr-2919	156	26	ps	ps	NOUN
cblr-2919	156	27	/	/	SYM
cblr-2919	156	28	news?pid=20601103&sid	news?pid=20601103&sid	PROPN
cblr-2919	156	29	=	=	SYM
cblr-2919	156	30	akvbwpqs	akvbwpqs	NOUN
cblr-2919	156	31	-	-	PUNCT
cblr-2919	156	32	qjo	qjo	NOUN
cblr-2919	156	33	.	.	PUNCT
cblr-2919	156	34	"	"	PUNCT
cblr-2919	157	1	see	see	VERB
cblr-2919	157	2	coffee	coffee	NOUN
cblr-2919	157	3	,	,	PUNCT
cblr-2919	157	4	supra	supra	PROPN
cblr-2919	157	5	note	note	NOUN
cblr-2919	157	6	34	34	NUM
cblr-2919	157	7	,	,	PUNCT
cblr-2919	157	8	for	for	ADP
cblr-2919	157	9	an	an	DET
cblr-2919	157	10	extensive	extensive	ADJ
cblr-2919	157	11	discussion	discussion	NOUN
cblr-2919	157	12	of	of	ADP
cblr-2919	157	13	gatekeepers	gatekeeper	NOUN
cblr-2919	157	14	and	and	CCONJ
cblr-2919	157	15	reputational	reputational	ADJ
cblr-2919	157	16	capital	capital	NOUN
cblr-2919	157	17	.	.	PUNCT
cblr-2919	158	1	"	"	PUNCT
cblr-2919	158	2	typically	typically	ADV
cblr-2919	158	3	,	,	PUNCT
cblr-2919	158	4	the	the	DET
cblr-2919	158	5	term	term	NOUN
cblr-2919	158	6	[	[	X
cblr-2919	158	7	gatekeepers	gatekeeper	NOUN
cblr-2919	158	8	]	]	PUNCT
cblr-2919	158	9	connotes	connote	VERB
cblr-2919	158	10	some	some	DET
cblr-2919	158	11	form	form	NOUN
cblr-2919	158	12	of	of	ADP
cblr-2919	158	13	outside	outside	ADJ
cblr-2919	158	14	or	or	CCONJ
cblr-2919	158	15	independent	independent	ADJ
cblr-2919	158	16	watchdog	watchdog	NOUN
cblr-2919	158	17	or	or	CCONJ
cblr-2919	158	18	monitorsomeone	monitorsomeone	NOUN
cblr-2919	158	19	who	who	PRON
cblr-2919	158	20	screens	screen	VERB
cblr-2919	158	21	out	out	ADP
cblr-2919	158	22	flaws	flaw	NOUN
cblr-2919	158	23	or	or	CCONJ
cblr-2919	158	24	defects	defect	NOUN
cblr-2919	158	25	or	or	CCONJ
cblr-2919	158	26	who	who	PRON
cblr-2919	158	27	verifies	verify	VERB
cblr-2919	158	28	compliance	compliance	NOUN
cblr-2919	158	29	with	with	ADP
cblr-2919	158	30	standards	standard	NOUN
cblr-2919	158	31	or	or	CCONJ
cblr-2919	158	32	procedures	procedure	NOUN
cblr-2919	158	33	.	.	PUNCT
cblr-2919	158	34	"	"	PUNCT
cblr-2919	159	1	i	i	PRON
cblr-2919	159	2	d.	d.	PROPN
cblr-2919	159	3	for	for	ADP
cblr-2919	159	4	coffee	coffee	NOUN
cblr-2919	159	5	,	,	PUNCT
cblr-2919	159	6	these	these	PRON
cblr-2919	159	7	are	be	AUX
cblr-2919	159	8	cras	cra	NOUN
cblr-2919	159	9	,	,	PUNCT
cblr-2919	159	10	auditors	auditor	NOUN
cblr-2919	159	11	,	,	PUNCT
cblr-2919	159	12	securities	security	NOUN
cblr-2919	159	13	analysts	analyst	NOUN
cblr-2919	159	14	,	,	PUNCT
cblr-2919	159	15	corporate	corporate	ADJ
cblr-2919	159	16	attorneys	attorney	NOUN
cblr-2919	159	17	,	,	PUNCT
cblr-2919	159	18	and	and	CCONJ
cblr-2919	159	19	investment	investment	NOUN
cblr-2919	159	20	bankers	banker	NOUN
cblr-2919	159	21	.	.	PUNCT
cblr-2919	160	1	i	i	PRON
cblr-2919	160	2	d.	d.	PROPN
cblr-2919	160	3	at	at	ADP
cblr-2919	160	4	1	1	NUM
cblr-2919	160	5	-	-	SYM
cblr-2919	160	6	2	2	NUM
cblr-2919	160	7	.	.	NUM
cblr-2919	160	8	253	253	NUM
cblr-2919	160	9	columbia	columbia	PROPN
cblr-2919	160	10	business	business	NOUN
cblr-2919	160	11	law	law	PROPN
cblr-2919	160	12	review	review	NOUN
cblr-2919	160	13	even	even	ADV
cblr-2919	160	14	if	if	SCONJ
cblr-2919	160	15	the	the	DET
cblr-2919	160	16	reputational	reputational	ADJ
cblr-2919	160	17	market	market	NOUN
cblr-2919	160	18	worked	work	VERB
cblr-2919	160	19	in	in	ADP
cblr-2919	160	20	theory	theory	NOUN
cblr-2919	160	21	,	,	PUNCT
cblr-2919	160	22	its	its	PRON
cblr-2919	160	23	significance	significance	NOUN
cblr-2919	160	24	would	would	AUX
cblr-2919	160	25	be	be	AUX
cblr-2919	160	26	constrained	constrain	VERB
cblr-2919	160	27	by	by	ADP
cblr-2919	160	28	the	the	DET
cblr-2919	160	29	near	near	ADJ
cblr-2919	160	30	-	-	PUNCT
cblr-2919	160	31	monopolistic	monopolistic	ADJ
cblr-2919	160	32	structure	structure	NOUN
cblr-2919	160	33	of	of	ADP
cblr-2919	160	34	the	the	DET
cblr-2919	160	35	rmbs	rmb	NOUN
cblr-2919	160	36	and	and	CCONJ
cblr-2919	160	37	r	r	NOUN
cblr-2919	160	38	-	-	PUNCT
cblr-2919	160	39	cdo	cdo	ADJ
cblr-2919	160	40	rating	rating	NOUN
cblr-2919	160	41	industry.40	industry.40	PROPN
cblr-2919	160	42	a.	a.	NOUN
cblr-2919	160	43	dominance	dominance	NOUN
cblr-2919	160	44	of	of	ADP
cblr-2919	160	45	the	the	DET
cblr-2919	160	46	issuer	issuer	NOUN
cblr-2919	160	47	pays	pay	VERB
cblr-2919	160	48	model	model	NOUN
cblr-2919	160	49	in	in	ADP
cblr-2919	160	50	the	the	DET
cblr-2919	160	51	1970s	1970	NOUN
cblr-2919	160	52	,	,	PUNCT
cblr-2919	160	53	the	the	DET
cblr-2919	160	54	major	major	ADJ
cblr-2919	160	55	cras	cras	X
cblr-2919	160	56	switched	switch	VERB
cblr-2919	160	57	from	from	ADP
cblr-2919	160	58	a	a	DET
cblr-2919	160	59	subscriberpays41	subscriberpays41	NOUN
cblr-2919	160	60	system	system	NOUN
cblr-2919	160	61	to	to	ADP
cblr-2919	160	62	an	an	DET
cblr-2919	160	63	issuer	issuer	NOUN
cblr-2919	160	64	pays	pay	NOUN
cblr-2919	160	65	system.42	system.42	VERB
cblr-2919	160	66	one	one	NUM
cblr-2919	160	67	reason	reason	NOUN
cblr-2919	160	68	for	for	ADP
cblr-2919	160	69	this	this	DET
cblr-2919	160	70	switch	switch	NOUN
cblr-2919	160	71	was	be	AUX
cblr-2919	160	72	that	that	SCONJ
cblr-2919	160	73	the	the	DET
cblr-2919	160	74	issuer	issuer	NOUN
cblr-2919	160	75	pays	pay	VERB
cblr-2919	160	76	model	model	NOUN
cblr-2919	160	77	was	be	AUX
cblr-2919	160	78	the	the	DET
cblr-2919	160	79	only	only	ADJ
cblr-2919	160	80	means	mean	NOUN
cblr-2919	160	81	of	of	ADP
cblr-2919	160	82	financing	financing	NOUN
cblr-2919	160	83	that	that	PRON
cblr-2919	160	84	would	would	AUX
cblr-2919	160	85	enable	enable	VERB
cblr-2919	160	86	cras	cra	NOUN
cblr-2919	160	87	to	to	PART
cblr-2919	160	88	issue	issue	VERB
cblr-2919	160	89	ratings	rating	NOUN
cblr-2919	160	90	across	across	ADP
cblr-2919	160	91	a	a	DET
cblr-2919	160	92	broad	broad	ADJ
cblr-2919	160	93	spectrum	spectrum	NOUN
cblr-2919	160	94	of	of	ADP
cblr-2919	160	95	securities	security	NOUN
cblr-2919	160	96	.	.	PUNCT
cblr-2919	160	97	"	"	PUNCT
cblr-2919	161	1	thus	thus	ADV
cblr-2919	161	2	,	,	PUNCT
cblr-2919	161	3	when	when	SCONJ
cblr-2919	161	4	mutual	mutual	ADJ
cblr-2919	161	5	funds	fund	NOUN
cblr-2919	161	6	demanded	demand	VERB
cblr-2919	161	7	broader	broad	ADJ
cblr-2919	161	8	ratings	rating	NOUN
cblr-2919	161	9	coverage	coverage	NOUN
cblr-2919	161	10	in	in	ADP
cblr-2919	161	11	the	the	DET
cblr-2919	161	12	1970s	1970	NOUN
cblr-2919	161	13	,	,	PUNCT
cblr-2919	161	14	the	the	DET
cblr-2919	161	15	cras	cras	PROPN
cblr-2919	161	16	accommodated	accommodate	VERB
cblr-2919	161	17	them	they	PRON
cblr-2919	161	18	by	by	ADP
cblr-2919	161	19	switching	switch	VERB
cblr-2919	161	20	to	to	ADP
cblr-2919	161	21	the	the	DET
cblr-2919	161	22	issuer	issuer	NOUN
cblr-2919	161	23	pays	pay	VERB
cblr-2919	161	24	model.44	model.44	NOUN
cblr-2919	161	25	another	another	DET
cblr-2919	161	26	possible	possible	ADJ
cblr-2919	161	27	reason	reason	NOUN
cblr-2919	161	28	is	be	AUX
cblr-2919	161	29	that	that	SCONJ
cblr-2919	161	30	advances	advance	NOUN
cblr-2919	161	31	in	in	ADP
cblr-2919	161	32	photocopying	photocopy	VERB
cblr-2919	161	33	in	in	ADP
cblr-2919	161	34	the	the	DET
cblr-2919	161	35	1970s	1970	NOUN
cblr-2919	161	36	made	make	VERB
cblr-2919	161	37	it	it	PRON
cblr-2919	161	38	easier	easy	ADJ
cblr-2919	161	39	to	to	PART
cblr-2919	161	40	disseminate	disseminate	VERB
cblr-2919	161	41	ratings.45	ratings.45	ADV
cblr-2919	161	42	thus	thus	ADV
cblr-2919	161	43	,	,	PUNCT
cblr-2919	161	44	the	the	DET
cblr-2919	161	45	greater	great	ADJ
cblr-2919	161	46	ease	ease	NOUN
cblr-2919	161	47	and	and	CCONJ
cblr-2919	161	48	frequency	frequency	NOUN
cblr-2919	161	49	of	of	ADP
cblr-2919	161	50	theft	theft	NOUN
cblr-2919	161	51	rendered	render	VERB
cblr-2919	161	52	the	the	DET
cblr-2919	161	53	collection	collection	NOUN
cblr-2919	161	54	of	of	ADP
cblr-2919	161	55	subscription	subscription	NOUN
cblr-2919	161	56	fees	fee	NOUN
cblr-2919	161	57	increasingly	increasingly	ADV
cblr-2919	161	58	difficult	difficult	ADJ
cblr-2919	161	59	for	for	ADP
cblr-2919	161	60	the	the	DET
cblr-2919	161	61	cras.46	cras.46	PROPN
cblr-2919	161	62	with	with	ADP
cblr-2919	161	63	dissemination	dissemination	NOUN
cblr-2919	161	64	technology	technology	NOUN
cblr-2919	161	65	improving	improve	VERB
cblr-2919	161	66	and	and	CCONJ
cblr-2919	161	67	the	the	DET
cblr-2919	161	68	numbers	number	NOUN
cblr-2919	161	69	of	of	ADP
cblr-2919	161	70	rated	rate	VERB
cblr-2919	161	71	securities	security	NOUN
cblr-2919	161	72	increasing	increase	VERB
cblr-2919	161	73	,	,	PUNCT
cblr-2919	161	74	the	the	DET
cblr-2919	161	75	subscriber	subscriber	NOUN
cblr-2919	161	76	pays	pay	VERB
cblr-2919	161	77	model	model	NOUN
cblr-2919	161	78	can	can	AUX
cblr-2919	161	79	not	not	PART
cblr-2919	161	80	realistically	realistically	ADV
cblr-2919	161	81	become	become	VERB
cblr-2919	161	82	economically	economically	ADV
cblr-2919	161	83	feasible.4	feasible.4	ADJ
cblr-2919	161	84	7	7	NUM
cblr-2919	161	85	additionally	additionally	ADV
cblr-2919	161	86	,	,	PUNCT
cblr-2919	161	87	the	the	DET
cblr-2919	161	88	subscriber	subscriber	NOUN
cblr-2919	161	89	pays	pay	VERB
cblr-2919	161	90	model	model	NOUN
cblr-2919	161	91	may	may	AUX
cblr-2919	161	92	not	not	PART
cblr-2919	161	93	be	be	AUX
cblr-2919	161	94	desirable	desirable	ADJ
cblr-2919	161	95	from	from	ADP
cblr-2919	161	96	a	a	DET
cblr-2919	161	97	fair	fair	ADJ
cblr-2919	161	98	disclosure	disclosure	NOUN
cblr-2919	161	99	perspective	perspective	NOUN
cblr-2919	161	100	.	.	PUNCT
cblr-2919	162	1	jeffrey	jeffrey	PROPN
cblr-2919	162	2	manns	manns	PROPN
cblr-2919	162	3	notes	note	VERB
cblr-2919	162	4	that	that	SCONJ
cblr-2919	162	5	smaller	small	ADJ
cblr-2919	162	6	investors	investor	NOUN
cblr-2919	162	7	may	may	AUX
cblr-2919	162	8	not	not	PART
cblr-2919	162	9	be	be	AUX
cblr-2919	162	10	able	able	ADJ
cblr-2919	162	11	to	to	PART
cblr-2919	162	12	afford	afford	VERB
cblr-2919	162	13	the	the	DET
cblr-2919	162	14	40	40	NUM
cblr-2919	162	15	see	see	NOUN
cblr-2919	162	16	infra	infra	NOUN
cblr-2919	162	17	part	part	NOUN
cblr-2919	162	18	iii.c	iii.c	NOUN
cblr-2919	162	19	.	.	PUNCT
cblr-2919	163	1	41	41	NUM
cblr-2919	163	2	subscribers	subscriber	NOUN
cblr-2919	163	3	were	be	AUX
cblr-2919	163	4	investors	investor	NOUN
cblr-2919	163	5	who	who	PRON
cblr-2919	163	6	paid	pay	VERB
cblr-2919	163	7	for	for	ADP
cblr-2919	163	8	the	the	DET
cblr-2919	163	9	cras	cras	X
cblr-2919	163	10	'	'	PART
cblr-2919	163	11	ratings	rating	NOUN
cblr-2919	163	12	.	.	PUNCT
cblr-2919	164	1	they	they	PRON
cblr-2919	164	2	received	receive	VERB
cblr-2919	164	3	books	book	NOUN
cblr-2919	164	4	from	from	ADP
cblr-2919	164	5	the	the	DET
cblr-2919	164	6	cras	cras	X
cblr-2919	164	7	'	'	PART
cblr-2919	164	8	listing	list	VERB
cblr-2919	164	9	companies	company	NOUN
cblr-2919	164	10	and	and	CCONJ
cblr-2919	164	11	their	their	PRON
cblr-2919	164	12	respective	respective	ADJ
cblr-2919	164	13	three	three	NUM
cblr-2919	164	14	-	-	PUNCT
cblr-2919	164	15	letter	letter	NOUN
cblr-2919	164	16	credit	credit	NOUN
cblr-2919	164	17	ratings	rating	NOUN
cblr-2919	164	18	.	.	PUNCT
cblr-2919	165	1	see	see	VERB
cblr-2919	165	2	coffee	coffee	NOUN
cblr-2919	165	3	,	,	PUNCT
cblr-2919	165	4	supra	supra	PROPN
cblr-2919	165	5	note	note	NOUN
cblr-2919	165	6	34	34	NUM
cblr-2919	165	7	,	,	PUNCT
cblr-2919	165	8	at	at	ADP
cblr-2919	165	9	289	289	NUM
cblr-2919	165	10	.	.	PUNCT
cblr-2919	165	11	4	4	NUM
cblr-2919	165	12	jeffrey	jeffrey	PROPN
cblr-2919	165	13	manns	manns	PROPN
cblr-2919	165	14	,	,	PUNCT
cblr-2919	165	15	rating	rating	NOUN
cblr-2919	165	16	risk	risk	NOUN
cblr-2919	165	17	after	after	ADP
cblr-2919	165	18	the	the	DET
cblr-2919	165	19	subprime	subprime	ADJ
cblr-2919	165	20	mortgage	mortgage	NOUN
cblr-2919	165	21	crisis	crisis	NOUN
cblr-2919	165	22	:	:	PUNCT
cblr-2919	165	23	a	a	DET
cblr-2919	165	24	user	user	NOUN
cblr-2919	165	25	fee	fee	NOUN
cblr-2919	165	26	approach	approach	NOUN
cblr-2919	165	27	for	for	ADP
cblr-2919	165	28	rating	rating	NOUN
cblr-2919	165	29	agency	agency	NOUN
cblr-2919	165	30	accountability	accountability	NOUN
cblr-2919	165	31	,	,	PUNCT
cblr-2919	165	32	87	87	NUM
cblr-2919	165	33	n.c	n.c	PROPN
cblr-2919	165	34	.	.	PROPN
cblr-2919	165	35	l.	l.	PROPN
cblr-2919	165	36	rev	rev	PROPN
cblr-2919	165	37	.	.	PROPN
cblr-2919	165	38	1011	1011	NUM
cblr-2919	165	39	,	,	PUNCT
cblr-2919	165	40	1056	1056	NUM
cblr-2919	165	41	(	(	PUNCT
cblr-2919	165	42	2009	2009	NUM
cblr-2919	165	43	)	)	PUNCT
cblr-2919	165	44	;	;	PUNCT
cblr-2919	165	45	dittrich	dittrich	PRON
cblr-2919	165	46	,	,	PUNCT
cblr-2919	165	47	supra	supra	PROPN
cblr-2919	165	48	note	note	NOUN
cblr-2919	165	49	12	12	NUM
cblr-2919	165	50	,	,	PUNCT
cblr-2919	165	51	at	at	ADP
cblr-2919	165	52	18	18	NUM
cblr-2919	165	53	;	;	PUNCT
cblr-2919	165	54	hunt	hunt	NOUN
cblr-2919	165	55	,	,	PUNCT
cblr-2919	165	56	supra	supra	PROPN
cblr-2919	165	57	note	note	PROPN
cblr-2919	165	58	15	15	NUM
cblr-2919	165	59	,	,	PUNCT
cblr-2919	165	60	at	at	ADP
cblr-2919	165	61	32	32	NUM
cblr-2919	165	62	n.144	n.144	NUM
cblr-2919	165	63	.	.	PUNCT
cblr-2919	165	64	'	'	PUNCT
cblr-2919	166	1	see	see	VERB
cblr-2919	166	2	dittrich	dittrich	NOUN
cblr-2919	166	3	,	,	PUNCT
cblr-2919	166	4	supra	supra	PROPN
cblr-2919	166	5	note	note	NOUN
cblr-2919	166	6	12	12	NUM
cblr-2919	166	7	,	,	PUNCT
cblr-2919	166	8	at	at	ADP
cblr-2919	166	9	19	19	NUM
cblr-2919	166	10	.	.	NOUN
cblr-2919	166	11	4	4	NUM
cblr-2919	166	12	see	see	VERB
cblr-2919	166	13	i	i	PRON
cblr-2919	166	14	d.	d.	PROPN
cblr-2919	166	15	see	see	VERB
cblr-2919	166	16	i	i	PRON
cblr-2919	166	17	d.	d.	PROPN
cblr-2919	166	18	see	see	VERB
cblr-2919	166	19	i	i	PROPN
cblr-2919	166	20	d.	d.	PROPN
cblr-2919	166	21	17	17	NUM
cblr-2919	166	22	there	there	PRON
cblr-2919	166	23	are	be	VERB
cblr-2919	166	24	several	several	ADJ
cblr-2919	166	25	small	small	ADJ
cblr-2919	166	26	subscription	subscription	NOUN
cblr-2919	166	27	-	-	PUNCT
cblr-2919	166	28	based	base	VERB
cblr-2919	166	29	credit	credit	NOUN
cblr-2919	166	30	rating	rating	NOUN
cblr-2919	166	31	agencies	agency	NOUN
cblr-2919	166	32	.	.	PUNCT
cblr-2919	167	1	their	their	PRON
cblr-2919	167	2	business	business	NOUN
cblr-2919	167	3	model	model	NOUN
cblr-2919	167	4	is	be	AUX
cblr-2919	167	5	to	to	PART
cblr-2919	167	6	sell	sell	VERB
cblr-2919	167	7	detailed	detailed	ADJ
cblr-2919	167	8	analyses	analysis	NOUN
cblr-2919	167	9	of	of	ADP
cblr-2919	167	10	a	a	DET
cblr-2919	167	11	limited	limited	ADJ
cblr-2919	167	12	number	number	NOUN
cblr-2919	167	13	of	of	ADP
cblr-2919	167	14	securities	security	NOUN
cblr-2919	167	15	.	.	PUNCT
cblr-2919	168	1	although	although	SCONJ
cblr-2919	168	2	theft	theft	NOUN
cblr-2919	168	3	is	be	AUX
cblr-2919	168	4	still	still	ADV
cblr-2919	168	5	obviously	obviously	ADV
cblr-2919	168	6	an	an	DET
cblr-2919	168	7	issue	issue	NOUN
cblr-2919	168	8	,	,	PUNCT
cblr-2919	168	9	their	their	PRON
cblr-2919	168	10	reports	report	NOUN
cblr-2919	168	11	are	be	AUX
cblr-2919	168	12	not	not	PART
cblr-2919	168	13	as	as	ADV
cblr-2919	168	14	easy	easy	ADJ
cblr-2919	168	15	to	to	PART
cblr-2919	168	16	disseminate	disseminate	VERB
cblr-2919	168	17	as	as	ADP
cblr-2919	168	18	simple	simple	ADJ
cblr-2919	168	19	three	three	NUM
cblr-2919	168	20	letter	letter	NOUN
cblr-2919	168	21	ratings	rating	NOUN
cblr-2919	168	22	.	.	PUNCT
cblr-2919	169	1	additionally	additionally	ADV
cblr-2919	169	2	,	,	PUNCT
cblr-2919	169	3	their	their	PRON
cblr-2919	169	4	ratings	rating	NOUN
cblr-2919	169	5	coverage	coverage	NOUN
cblr-2919	169	6	is	be	AUX
cblr-2919	169	7	miniscule	miniscule	ADJ
cblr-2919	169	8	compared	compare	VERB
cblr-2919	169	9	to	to	ADP
cblr-2919	169	10	the	the	DET
cblr-2919	169	11	cras	cras	X
cblr-2919	169	12	.	.	PUNCT
cblr-2919	170	1	see	see	VERB
cblr-2919	170	2	coffee	coffee	NOUN
cblr-2919	170	3	,	,	PUNCT
cblr-2919	170	4	supra	supra	PROPN
cblr-2919	170	5	note	note	NOUN
cblr-2919	170	6	34	34	NUM
cblr-2919	170	7	,	,	PUNCT
cblr-2919	170	8	at	at	ADP
cblr-2919	170	9	288	288	NUM
cblr-2919	170	10	-	-	SYM
cblr-2919	170	11	89	89	NUM
cblr-2919	170	12	.	.	PUNCT
cblr-2919	170	13	254	254	NUM
cblr-2919	171	1	[	[	X
cblr-2919	171	2	vol	vol	NOUN
cblr-2919	171	3	.	.	PUNCT
cblr-2919	171	4	2010	2010	NUM
cblr-2919	171	5	no	no	INTJ
cblr-2919	171	6	.	.	PUNCT
cblr-2919	172	1	1:245	1:245	NUM
cblr-2919	172	2	]	]	X
cblr-2919	172	3	mortgage	mortgage	NOUN
cblr-2919	172	4	credit	credit	NOUN
cblr-2919	172	5	ratings	rating	NOUN
cblr-2919	172	6	and	and	CCONJ
cblr-2919	172	7	financial	financial	ADJ
cblr-2919	172	8	crisis	crisis	NOUN
cblr-2919	172	9	subscription	subscription	NOUN
cblr-2919	172	10	fees	fee	NOUN
cblr-2919	172	11	.	.	PUNCT
cblr-2919	172	12	"	"	PUNCT
cblr-2919	173	1	the	the	DET
cblr-2919	173	2	subscriber	subscriber	NOUN
cblr-2919	173	3	pays	pay	VERB
cblr-2919	173	4	system	system	NOUN
cblr-2919	173	5	would	would	AUX
cblr-2919	173	6	also	also	ADV
cblr-2919	173	7	have	have	VERB
cblr-2919	173	8	to	to	PART
cblr-2919	173	9	overcome	overcome	VERB
cblr-2919	173	10	the	the	DET
cblr-2919	173	11	sec	sec	PROPN
cblr-2919	173	12	requirement	requirement	NOUN
cblr-2919	173	13	that	that	SCONJ
cblr-2919	173	14	cras	cra	NOUN
cblr-2919	173	15	that	that	PRON
cblr-2919	173	16	use	use	VERB
cblr-2919	173	17	material	material	NOUN
cblr-2919	173	18	nonpublic	nonpublic	ADJ
cblr-2919	173	19	information	information	NOUN
cblr-2919	173	20	must	must	AUX
cblr-2919	173	21	make	make	VERB
cblr-2919	173	22	their	their	PRON
cblr-2919	173	23	ratings	rating	NOUN
cblr-2919	173	24	publicly	publicly	ADV
cblr-2919	173	25	available.49	available.49	ADV
cblr-2919	173	26	either	either	CCONJ
cblr-2919	173	27	the	the	DET
cblr-2919	173	28	sec	sec	PROPN
cblr-2919	173	29	changes	change	VERB
cblr-2919	173	30	the	the	DET
cblr-2919	173	31	rules	rule	NOUN
cblr-2919	173	32	,	,	PUNCT
cblr-2919	173	33	thereby	thereby	ADV
cblr-2919	173	34	condoning	condone	VERB
cblr-2919	173	35	selective	selective	ADJ
cblr-2919	173	36	disclosure	disclosure	NOUN
cblr-2919	173	37	by	by	ADP
cblr-2919	173	38	the	the	DET
cblr-2919	173	39	issuers	issuer	NOUN
cblr-2919	173	40	,	,	PUNCT
cblr-2919	173	41	0	0	NUM
cblr-2919	173	42	or	or	CCONJ
cblr-2919	173	43	cras	cra	NOUN
cblr-2919	173	44	would	would	AUX
cblr-2919	173	45	be	be	AUX
cblr-2919	173	46	relegated	relegate	VERB
cblr-2919	173	47	to	to	ADP
cblr-2919	173	48	using	use	VERB
cblr-2919	173	49	only	only	ADV
cblr-2919	173	50	publicly	publicly	ADV
cblr-2919	173	51	available	available	ADJ
cblr-2919	173	52	information	information	NOUN
cblr-2919	173	53	in	in	ADP
cblr-2919	173	54	their	their	PRON
cblr-2919	173	55	ratings	rating	NOUN
cblr-2919	173	56	determinations	determination	NOUN
cblr-2919	173	57	.	.	PUNCT
cblr-2919	174	1	either	either	DET
cblr-2919	174	2	scenario	scenario	NOUN
cblr-2919	174	3	is	be	AUX
cblr-2919	174	4	undesirable	undesirable	ADJ
cblr-2919	174	5	.	.	PUNCT
cblr-2919	175	1	"	"	PUNCT
cblr-2919	175	2	'	'	PUNCT
cblr-2919	175	3	b.	b.	PROPN
cblr-2919	175	4	issuer	issuer	NOUN
cblr-2919	175	5	pays	pay	VERB
cblr-2919	175	6	model	model	NOUN
cblr-2919	175	7	and	and	CCONJ
cblr-2919	175	8	reputational	reputational	ADJ
cblr-2919	175	9	capital	capital	NOUN
cblr-2919	175	10	with	with	ADP
cblr-2919	175	11	the	the	DET
cblr-2919	175	12	seeming	seem	VERB
cblr-2919	175	13	inevitability	inevitability	NOUN
cblr-2919	175	14	,	,	PUNCT
cblr-2919	175	15	and	and	CCONJ
cblr-2919	175	16	desirability	desirability	NOUN
cblr-2919	175	17	from	from	ADP
cblr-2919	175	18	a	a	DET
cblr-2919	175	19	disclosure	disclosure	NOUN
cblr-2919	175	20	perspective	perspective	NOUN
cblr-2919	175	21	,	,	PUNCT
cblr-2919	175	22	of	of	ADP
cblr-2919	175	23	the	the	DET
cblr-2919	175	24	issuer	issuer	NOUN
cblr-2919	175	25	pays	pay	VERB
cblr-2919	175	26	model	model	PROPN
cblr-2919	175	27	,	,	PUNCT
cblr-2919	175	28	there	there	PRON
cblr-2919	175	29	has	have	VERB
cblr-2919	175	30	to	to	PART
cblr-2919	175	31	be	be	AUX
cblr-2919	175	32	some	some	DET
cblr-2919	175	33	other	other	ADJ
cblr-2919	175	34	mechanism	mechanism	NOUN
cblr-2919	175	35	with	with	ADP
cblr-2919	175	36	which	which	PRON
cblr-2919	175	37	investors	investor	NOUN
cblr-2919	175	38	can	can	AUX
cblr-2919	175	39	ensure	ensure	VERB
cblr-2919	175	40	that	that	SCONJ
cblr-2919	175	41	cras	cras	PROPN
cblr-2919	175	42	are	be	AUX
cblr-2919	175	43	accountable	accountable	ADJ
cblr-2919	175	44	to	to	ADP
cblr-2919	175	45	them	they	PRON
cblr-2919	175	46	and	and	CCONJ
cblr-2919	175	47	not	not	PART
cblr-2919	175	48	to	to	ADP
cblr-2919	175	49	the	the	DET
cblr-2919	175	50	issuers	issuer	NOUN
cblr-2919	175	51	.	.	PUNCT
cblr-2919	176	1	the	the	DET
cblr-2919	176	2	reputational	reputational	ADJ
cblr-2919	176	3	capital	capital	NOUN
cblr-2919	176	4	mechanism	mechanism	NOUN
cblr-2919	176	5	(	(	PUNCT
cblr-2919	176	6	in	in	ADP
cblr-2919	176	7	conjunction	conjunction	NOUN
cblr-2919	176	8	with	with	ADP
cblr-2919	176	9	competition),5	competition),5	NOUN
cblr-2919	176	10	2	2	NUM
cblr-2919	176	11	according	accord	VERB
cblr-2919	176	12	to	to	ADP
cblr-2919	176	13	many	many	ADJ
cblr-2919	176	14	scholars	scholar	NOUN
cblr-2919	176	15	and	and	CCONJ
cblr-2919	176	16	the	the	DET
cblr-2919	176	17	cras	cras	PROPN
cblr-2919	176	18	,	,	PUNCT
cblr-2919	176	19	provides	provide	VERB
cblr-2919	176	20	that	that	DET
cblr-2919	176	21	check	check	NOUN
cblr-2919	176	22	on	on	ADP
cblr-2919	176	23	performance	performance	NOUN
cblr-2919	176	24	.	.	PUNCT
cblr-2919	176	25	"	"	PUNCT
cblr-2919	177	1	the	the	DET
cblr-2919	177	2	theory	theory	NOUN
cblr-2919	177	3	is	be	AUX
cblr-2919	177	4	that	that	SCONJ
cblr-2919	177	5	investors	investor	NOUN
cblr-2919	177	6	value	value	VERB
cblr-2919	177	7	a	a	DET
cblr-2919	177	8	moody	moody	NOUN
cblr-2919	177	9	's	's	PART
cblr-2919	177	10	,	,	PUNCT
cblr-2919	177	11	s&p	s&p	PROPN
cblr-2919	177	12	,	,	PUNCT
cblr-2919	177	13	or	or	CCONJ
cblr-2919	177	14	fitch	fitch	NOUN
cblr-2919	177	15	rating	rating	NOUN
cblr-2919	177	16	because	because	SCONJ
cblr-2919	177	17	these	these	DET
cblr-2919	177	18	companies	company	NOUN
cblr-2919	177	19	have	have	VERB
cblr-2919	177	20	reputations	reputation	NOUN
cblr-2919	177	21	for	for	ADP
cblr-2919	177	22	producing	produce	VERB
cblr-2919	177	23	accurate	accurate	ADJ
cblr-2919	177	24	ratings	rating	NOUN
cblr-2919	177	25	.	.	PUNCT
cblr-2919	177	26	"	"	PUNCT
cblr-2919	178	1	without	without	ADP
cblr-2919	178	2	the	the	DET
cblr-2919	178	3	investor	investor	NOUN
cblr-2919	178	4	's	's	PART
cblr-2919	178	5	confidence	confidence	NOUN
cblr-2919	178	6	,	,	PUNCT
cblr-2919	178	7	the	the	DET
cblr-2919	178	8	argument	argument	NOUN
cblr-2919	178	9	goes	go	VERB
cblr-2919	178	10	,	,	PUNCT
cblr-2919	178	11	issuers	issuer	NOUN
cblr-2919	178	12	would	would	AUX
cblr-2919	178	13	not	not	PART
cblr-2919	178	14	pay	pay	VERB
cblr-2919	178	15	the	the	DET
cblr-2919	178	16	cras	cras	PROPN
cblr-2919	178	17	to	to	PART
cblr-2919	178	18	have	have	VERB
cblr-2919	178	19	their	their	PRON
cblr-2919	178	20	securities	security	NOUN
cblr-2919	178	21	rated	rate	VERB
cblr-2919	178	22	.	.	PUNCT
cblr-2919	179	1	5	5	NUM
cblr-2919	179	2	why	why	SCONJ
cblr-2919	179	3	would	would	AUX
cblr-2919	179	4	a	a	DET
cblr-2919	179	5	cra	cra	PROPN
cblr-2919	179	6	risk	risk	NOUN
cblr-2919	179	7	compromising	compromise	VERB
cblr-2919	179	8	its	its	PRON
cblr-2919	179	9	reputation	reputation	NOUN
cblr-2919	179	10	with	with	ADP
cblr-2919	179	11	investors	investor	NOUN
cblr-2919	179	12	by	by	ADP
cblr-2919	179	13	"	"	PUNCT
cblr-2919	179	14	cheating	cheat	VERB
cblr-2919	179	15	"	"	PUNCT
cblr-2919	179	16	on	on	ADP
cblr-2919	179	17	a	a	DET
cblr-2919	179	18	rating	rating	NOUN
cblr-2919	179	19	,	,	PUNCT
cblr-2919	179	20	particularly	particularly	ADV
cblr-2919	179	21	when	when	SCONJ
cblr-2919	179	22	*	*	PUNCT
cblr-2919	179	23	see	see	VERB
cblr-2919	179	24	manns	manns	PROPN
cblr-2919	179	25	,	,	PUNCT
cblr-2919	179	26	supra	supra	PROPN
cblr-2919	179	27	note	note	NOUN
cblr-2919	179	28	42	42	NUM
cblr-2919	179	29	,	,	PUNCT
cblr-2919	179	30	at	at	ADP
cblr-2919	179	31	49	49	NUM
cblr-2919	179	32	.	.	PUNCT
cblr-2919	180	1	*	*	PUNCT
cblr-2919	180	2	see	see	VERB
cblr-2919	180	3	sec	sec	PROPN
cblr-2919	180	4	regulation	regulation	NOUN
cblr-2919	180	5	fd	fd	PROPN
cblr-2919	180	6	,	,	PUNCT
cblr-2919	180	7	17	17	NUM
cblr-2919	180	8	c.f.r	c.f.r	NOUN
cblr-2919	180	9	.	.	PUNCT
cblr-2919	181	1	§	§	PROPN
cblr-2919	181	2	243.100	243.100	NUM
cblr-2919	181	3	(	(	PUNCT
cblr-2919	181	4	2009	2009	NUM
cblr-2919	181	5	)	)	PUNCT
cblr-2919	181	6	.	.	PUNCT
cblr-2919	182	1	'	'	PUNCT
cblr-2919	182	2	0	0	NUM
cblr-2919	183	1	the	the	DET
cblr-2919	183	2	sec	sec	PROPN
cblr-2919	183	3	is	be	AUX
cblr-2919	183	4	now	now	ADV
cblr-2919	183	5	considering	consider	VERB
cblr-2919	183	6	changing	change	VERB
cblr-2919	183	7	this	this	DET
cblr-2919	183	8	rule	rule	NOUN
cblr-2919	183	9	to	to	PART
cblr-2919	183	10	allow	allow	VERB
cblr-2919	183	11	subscription	subscription	NOUN
cblr-2919	183	12	-	-	PUNCT
cblr-2919	183	13	based	base	VERB
cblr-2919	183	14	cras	cras	PROPN
cblr-2919	183	15	access	access	NOUN
cblr-2919	183	16	to	to	ADP
cblr-2919	183	17	material	material	PROPN
cblr-2919	183	18	nonpublic	nonpublic	ADJ
cblr-2919	183	19	information	information	NOUN
cblr-2919	183	20	.	.	PUNCT
cblr-2919	184	1	see	see	VERB
cblr-2919	184	2	re	re	VERB
cblr-2919	184	3	-	-	VERB
cblr-2919	184	4	proposed	propose	VERB
cblr-2919	184	5	rules	rule	NOUN
cblr-2919	184	6	for	for	ADP
cblr-2919	184	7	nationally	nationally	ADV
cblr-2919	184	8	recognized	recognize	VERB
cblr-2919	184	9	statistical	statistical	ADJ
cblr-2919	184	10	rating	rating	NOUN
cblr-2919	184	11	organizations	organization	NOUN
cblr-2919	184	12	,	,	PUNCT
cblr-2919	184	13	74	74	NUM
cblr-2919	184	14	fed	feed	VERB
cblr-2919	184	15	.	.	PUNCT
cblr-2919	185	1	reg	reg	NOUN
cblr-2919	185	2	.	.	PUNCT
cblr-2919	185	3	6485	6485	NUM
cblr-2919	185	4	(	(	PUNCT
cblr-2919	185	5	proposed	propose	VERB
cblr-2919	185	6	feb	feb	PROPN
cblr-2919	185	7	.	.	PROPN
cblr-2919	185	8	9	9	NUM
cblr-2919	185	9	,	,	PUNCT
cblr-2919	185	10	2009	2009	NUM
cblr-2919	185	11	)	)	PUNCT
cblr-2919	185	12	(	(	PUNCT
cblr-2919	185	13	to	to	PART
cblr-2919	185	14	be	be	AUX
cblr-2919	185	15	codified	codify	VERB
cblr-2919	185	16	at	at	ADP
cblr-2919	185	17	17	17	NUM
cblr-2919	185	18	c.f.r	c.f.r	NOUN
cblr-2919	185	19	.	.	PUNCT
cblr-2919	186	1	pts	pts	PROPN
cblr-2919	186	2	.	.	PROPN
cblr-2919	186	3	240	240	NUM
cblr-2919	186	4	&	&	CCONJ
cblr-2919	186	5	243	243	NUM
cblr-2919	186	6	)	)	PUNCT
cblr-2919	186	7	.	.	PUNCT
cblr-2919	187	1	see	see	VERB
cblr-2919	187	2	,	,	PUNCT
cblr-2919	187	3	e.g.	e.g.	ADV
cblr-2919	187	4	,	,	PUNCT
cblr-2919	187	5	floyd	floyd	PROPN
cblr-2919	187	6	norris	norris	PROPN
cblr-2919	187	7	,	,	PUNCT
cblr-2919	187	8	trading	trade	VERB
cblr-2919	187	9	one	one	NUM
cblr-2919	187	10	risk	risk	NOUN
cblr-2919	187	11	for	for	ADP
cblr-2919	187	12	another	another	DET
cblr-2919	187	13	,	,	PUNCT
cblr-2919	187	14	n.y	n.y	PROPN
cblr-2919	187	15	.	.	PROPN
cblr-2919	187	16	times	times	PROPN
cblr-2919	187	17	,	,	PUNCT
cblr-2919	187	18	sept	sept	PROPN
cblr-2919	187	19	.	.	PROPN
cblr-2919	187	20	25	25	NUM
cblr-2919	187	21	,	,	PUNCT
cblr-2919	187	22	2009	2009	NUM
cblr-2919	187	23	,	,	PUNCT
cblr-2919	187	24	at	at	ADP
cblr-2919	187	25	bl	bl	PROPN
cblr-2919	187	26	.	.	PUNCT
cblr-2919	188	1	disallowing	disallow	VERB
cblr-2919	188	2	cras	cras	PROPN
cblr-2919	188	3	from	from	ADP
cblr-2919	188	4	using	use	VERB
cblr-2919	188	5	nonpublic	nonpublic	ADJ
cblr-2919	188	6	information	information	NOUN
cblr-2919	188	7	would	would	AUX
cblr-2919	188	8	invariably	invariably	ADV
cblr-2919	188	9	reduce	reduce	VERB
cblr-2919	188	10	the	the	DET
cblr-2919	188	11	quality	quality	NOUN
cblr-2919	188	12	of	of	ADP
cblr-2919	188	13	the	the	DET
cblr-2919	188	14	ratings	rating	NOUN
cblr-2919	188	15	.	.	PUNCT
cblr-2919	189	1	a	a	DET
cblr-2919	189	2	detailed	detailed	ADJ
cblr-2919	189	3	discussion	discussion	NOUN
cblr-2919	189	4	of	of	ADP
cblr-2919	189	5	why	why	SCONJ
cblr-2919	189	6	selective	selective	ADJ
cblr-2919	189	7	disclosure	disclosure	NOUN
cblr-2919	189	8	is	be	AUX
cblr-2919	189	9	undesirable	undesirable	ADJ
cblr-2919	189	10	is	be	AUX
cblr-2919	189	11	beyond	beyond	ADP
cblr-2919	189	12	the	the	DET
cblr-2919	189	13	scope	scope	NOUN
cblr-2919	189	14	of	of	ADP
cblr-2919	189	15	this	this	DET
cblr-2919	189	16	note	note	NOUN
cblr-2919	189	17	.	.	PUNCT
cblr-2919	190	1	52	52	NUM
cblr-2919	190	2	see	see	VERB
cblr-2919	190	3	infra	infra	NOUN
cblr-2919	190	4	part	part	NOUN
cblr-2919	190	5	iii.c	iii.c	NOUN
cblr-2919	190	6	.	.	PUNCT
cblr-2919	190	7	"	"	PUNCT
cblr-2919	191	1	see	see	VERB
cblr-2919	191	2	sources	source	NOUN
cblr-2919	191	3	cited	cite	VERB
cblr-2919	191	4	supra	supra	PROPN
cblr-2919	191	5	note	note	NOUN
cblr-2919	191	6	12	12	NUM
cblr-2919	191	7	.	.	NOUN
cblr-2919	191	8	5	5	NUM
cblr-2919	191	9	dittrich	dittrich	NOUN
cblr-2919	191	10	,	,	PUNCT
cblr-2919	191	11	supra	supra	PROPN
cblr-2919	191	12	note	note	NOUN
cblr-2919	191	13	12	12	NUM
cblr-2919	191	14	,	,	PUNCT
cblr-2919	191	15	at	at	ADP
cblr-2919	191	16	21	21	NUM
cblr-2919	191	17	-	-	SYM
cblr-2919	191	18	56	56	NUM
cblr-2919	191	19	.	.	PUNCT
cblr-2919	191	20	55	55	NUM
cblr-2919	192	1	i	i	PRON
cblr-2919	192	2	d.	d.	NOUN
cblr-2919	192	3	255	255	NUM
cblr-2919	193	1	no	no	DET
cblr-2919	193	2	single	single	ADJ
cblr-2919	193	3	issuer	issuer	NOUN
cblr-2919	193	4	accounts	account	NOUN
cblr-2919	193	5	for	for	ADP
cblr-2919	193	6	more	more	ADJ
cblr-2919	193	7	than	than	ADP
cblr-2919	193	8	a	a	DET
cblr-2919	193	9	few	few	ADJ
cblr-2919	193	10	percentage	percentage	NOUN
cblr-2919	193	11	points	point	NOUN
cblr-2919	193	12	of	of	ADP
cblr-2919	193	13	a	a	DET
cblr-2919	193	14	cra	cra	PROPN
cblr-2919	193	15	's	's	PART
cblr-2919	193	16	revenue	revenue	NOUN
cblr-2919	193	17	?	?	PUNCT
cblr-2919	194	1	1	1	X
cblr-2919	194	2	.	.	X
cblr-2919	194	3	reputation	reputation	NOUN
cblr-2919	194	4	and	and	CCONJ
cblr-2919	194	5	novel	novel	ADJ
cblr-2919	194	6	products	product	NOUN
cblr-2919	194	7	first	first	ADV
cblr-2919	194	8	,	,	PUNCT
cblr-2919	194	9	it	it	PRON
cblr-2919	194	10	may	may	AUX
cblr-2919	194	11	not	not	PART
cblr-2919	194	12	be	be	AUX
cblr-2919	194	13	the	the	DET
cblr-2919	194	14	case	case	NOUN
cblr-2919	194	15	that	that	SCONJ
cblr-2919	194	16	there	there	PRON
cblr-2919	194	17	is	be	VERB
cblr-2919	194	18	reputational	reputational	ADJ
cblr-2919	194	19	capital	capital	NOUN
cblr-2919	194	20	at	at	ADP
cblr-2919	194	21	risk	risk	NOUN
cblr-2919	194	22	for	for	ADP
cblr-2919	194	23	particular	particular	ADJ
cblr-2919	194	24	ratings	rating	NOUN
cblr-2919	194	25	.	.	PUNCT
cblr-2919	195	1	john	john	PROPN
cblr-2919	195	2	hunt	hunt	PROPN
cblr-2919	195	3	argues	argue	VERB
cblr-2919	195	4	that	that	SCONJ
cblr-2919	195	5	a	a	DET
cblr-2919	195	6	cra	cra	PROPN
cblr-2919	195	7	can	can	AUX
cblr-2919	195	8	leverage	leverage	VERB
cblr-2919	195	9	its	its	PRON
cblr-2919	195	10	prestige	prestige	NOUN
cblr-2919	195	11	in	in	ADP
cblr-2919	195	12	rating	rate	VERB
cblr-2919	195	13	other	other	ADJ
cblr-2919	195	14	productse.g	productse.g	NUM
cblr-2919	195	15	.	.	PUNCT
cblr-2919	196	1	corporate	corporate	ADJ
cblr-2919	196	2	bonds	bond	NOUN
cblr-2919	196	3	-	-	PUNCT
cblr-2919	196	4	to	to	ADP
cblr-2919	196	5	credibly	credibly	ADV
cblr-2919	196	6	rate	rate	VERB
cblr-2919	196	7	novel	novel	ADJ
cblr-2919	196	8	debt	debt	NOUN
cblr-2919	196	9	products.56	products.56	NOUN
cblr-2919	196	10	but	but	CCONJ
cblr-2919	196	11	the	the	DET
cblr-2919	196	12	reputational	reputational	ADJ
cblr-2919	196	13	spillover	spillover	NOUN
cblr-2919	196	14	flows	flow	NOUN
cblr-2919	196	15	in	in	ADP
cblr-2919	196	16	only	only	ADV
cblr-2919	196	17	one	one	NUM
cblr-2919	196	18	direction.7	direction.7	NOUN
cblr-2919	196	19	because	because	SCONJ
cblr-2919	196	20	cras	cra	NOUN
cblr-2919	196	21	have	have	AUX
cblr-2919	196	22	been	be	AUX
cblr-2919	196	23	rating	rate	VERB
cblr-2919	196	24	rmbss	rmbss	NOUN
cblr-2919	196	25	and	and	CCONJ
cblr-2919	196	26	cdos	cdo	NOUN
cblr-2919	196	27	for	for	ADP
cblr-2919	196	28	a	a	DET
cblr-2919	196	29	short	short	ADJ
cblr-2919	196	30	period	period	NOUN
cblr-2919	196	31	of	of	ADP
cblr-2919	196	32	time	time	NOUN
cblr-2919	196	33	relative	relative	ADJ
cblr-2919	196	34	to	to	ADP
cblr-2919	196	35	other	other	ADJ
cblr-2919	196	36	debt	debt	NOUN
cblr-2919	196	37	instruments	instrument	NOUN
cblr-2919	196	38	,	,	PUNCT
cblr-2919	196	39	investors	investor	NOUN
cblr-2919	196	40	do	do	AUX
cblr-2919	196	41	not	not	PART
cblr-2919	196	42	associate	associate	VERB
cblr-2919	196	43	poor	poor	ADJ
cblr-2919	196	44	rmbs	rmb	NOUN
cblr-2919	196	45	and	and	CCONJ
cblr-2919	196	46	r	r	NOUN
cblr-2919	196	47	-	-	PUNCT
cblr-2919	196	48	cdo	cdo	ADJ
cblr-2919	196	49	ratings	rating	NOUN
cblr-2919	196	50	performance	performance	NOUN
cblr-2919	196	51	with	with	ADP
cblr-2919	196	52	the	the	DET
cblr-2919	196	53	ratings	rating	NOUN
cblr-2919	196	54	performance	performance	NOUN
cblr-2919	196	55	of	of	ADP
cblr-2919	196	56	traditional	traditional	ADJ
cblr-2919	196	57	securities.8	securities.8	PROPN
cblr-2919	196	58	second	second	NOUN
cblr-2919	196	59	,	,	PUNCT
cblr-2919	196	60	because	because	SCONJ
cblr-2919	196	61	investors	investor	NOUN
cblr-2919	196	62	generally	generally	ADV
cblr-2919	196	63	lack	lack	VERB
cblr-2919	196	64	the	the	DET
cblr-2919	196	65	requisite	requisite	ADJ
cblr-2919	196	66	breadth	breadth	NOUN
cblr-2919	196	67	of	of	ADP
cblr-2919	196	68	information	information	NOUN
cblr-2919	196	69	to	to	PART
cblr-2919	196	70	value	value	NOUN
cblr-2919	196	71	rmbss	rmbss	NOUN
cblr-2919	196	72	,	,	PUNCT
cblr-2919	196	73	it	it	PRON
cblr-2919	196	74	is	be	AUX
cblr-2919	196	75	more	more	ADV
cblr-2919	196	76	difficult	difficult	ADJ
cblr-2919	196	77	to	to	PART
cblr-2919	196	78	assess	assess	VERB
cblr-2919	196	79	cra	cra	PROPN
cblr-2919	196	80	performance	performance	NOUN
cblr-2919	196	81	,	,	PUNCT
cblr-2919	196	82	potentially	potentially	ADV
cblr-2919	196	83	allowing	allow	VERB
cblr-2919	196	84	bad	bad	ADJ
cblr-2919	196	85	performance	performance	NOUN
cblr-2919	196	86	to	to	PART
cblr-2919	196	87	pass	pass	VERB
cblr-2919	196	88	undetected	undetected	ADJ
cblr-2919	196	89	(	(	PUNCT
cblr-2919	196	90	the	the	DET
cblr-2919	196	91	current	current	ADJ
cblr-2919	196	92	crisis	crisis	NOUN
cblr-2919	196	93	being	be	AUX
cblr-2919	196	94	an	an	DET
cblr-2919	196	95	exception)."9	exception)."9	PROPN
cblr-2919	196	96	logically	logically	PROPN
cblr-2919	196	97	,	,	PUNCT
cblr-2919	196	98	investors	investor	NOUN
cblr-2919	196	99	should	should	AUX
cblr-2919	196	100	therefore	therefore	ADV
cblr-2919	196	101	infer	infer	VERB
cblr-2919	196	102	that	that	SCONJ
cblr-2919	196	103	the	the	DET
cblr-2919	196	104	cras	cra	NOUN
cblr-2919	196	105	are	be	AUX
cblr-2919	196	106	not	not	PART
cblr-2919	196	107	actually	actually	ADV
cblr-2919	196	108	putting	put	VERB
cblr-2919	196	109	their	their	PRON
cblr-2919	196	110	reputation	reputation	NOUN
cblr-2919	196	111	at	at	ADP
cblr-2919	196	112	risk	risk	NOUN
cblr-2919	196	113	for	for	ADP
cblr-2919	196	114	novel	novel	ADJ
cblr-2919	196	115	products	product	NOUN
cblr-2919	196	116	.	.	PUNCT
cblr-2919	197	1	hunt	hunt	NOUN
cblr-2919	197	2	argues	argue	VERB
cblr-2919	197	3	that	that	SCONJ
cblr-2919	197	4	investors	investor	NOUN
cblr-2919	197	5	did	do	AUX
cblr-2919	197	6	not	not	PART
cblr-2919	197	7	make	make	VERB
cblr-2919	197	8	this	this	DET
cblr-2919	197	9	inference	inference	NOUN
cblr-2919	197	10	,	,	PUNCT
cblr-2919	197	11	allowing	allow	VERB
cblr-2919	197	12	the	the	DET
cblr-2919	197	13	cras	cra	NOUN
cblr-2919	197	14	to	to	PART
cblr-2919	197	15	abuse	abuse	VERB
cblr-2919	197	16	the	the	DET
cblr-2919	197	17	investors	investor	NOUN
cblr-2919	197	18	'	'	PART
cblr-2919	197	19	trust	trust	NOUN
cblr-2919	197	20	with	with	ADP
cblr-2919	197	21	faulty	faulty	ADJ
cblr-2919	197	22	rmbs	rmb	NOUN
cblr-2919	197	23	and	and	CCONJ
cblr-2919	197	24	r	r	NOUN
cblr-2919	197	25	-	-	PUNCT
cblr-2919	197	26	cdo	cdo	ADJ
cblr-2919	197	27	ratings.60	ratings.60	NOUN
cblr-2919	197	28	2	2	NUM
cblr-2919	197	29	.	.	PUNCT
cblr-2919	198	1	close	close	ADJ
cblr-2919	198	2	contact	contact	NOUN
cblr-2919	198	3	and	and	CCONJ
cblr-2919	198	4	influence	influence	NOUN
cblr-2919	198	5	second	second	ADJ
cblr-2919	198	6	,	,	PUNCT
cblr-2919	198	7	r	r	NOUN
cblr-2919	198	8	-	-	ADJ
cblr-2919	198	9	cdo	cdo	ADJ
cblr-2919	198	10	and	and	CCONJ
cblr-2919	198	11	rmbs	rmb	NOUN
cblr-2919	198	12	ratings	rating	NOUN
cblr-2919	198	13	involve	involve	VERB
cblr-2919	198	14	close	close	ADJ
cblr-2919	198	15	contact	contact	NOUN
cblr-2919	198	16	between	between	ADP
cblr-2919	198	17	the	the	DET
cblr-2919	198	18	cra	cra	PROPN
cblr-2919	198	19	analyst	analyst	NOUN
cblr-2919	198	20	and	and	CCONJ
cblr-2919	198	21	the	the	DET
cblr-2919	198	22	issuer	issuer	NOUN
cblr-2919	198	23	.	.	PUNCT
cblr-2919	198	24	.	.	PUNCT
cblr-2919	199	1	with	with	ADP
cblr-2919	199	2	regular	regular	ADJ
cblr-2919	199	3	corporate	corporate	ADJ
cblr-2919	199	4	bonds	bond	NOUN
cblr-2919	199	5	,	,	PUNCT
cblr-2919	199	6	the	the	DET
cblr-2919	199	7	debtor	debtor	NOUN
cblr-2919	199	8	's	's	PART
cblr-2919	199	9	ability	ability	NOUN
cblr-2919	199	10	to	to	PART
cblr-2919	199	11	affect	affect	VERB
cblr-2919	199	12	its	its	PRON
cblr-2919	199	13	initial	initial	ADJ
cblr-2919	199	14	credit	credit	NOUN
cblr-2919	199	15	rating	rating	NOUN
cblr-2919	199	16	is	be	AUX
cblr-2919	199	17	comparatively	comparatively	ADV
cblr-2919	199	18	limited	limited	ADJ
cblr-2919	199	19	.	.	PUNCT
cblr-2919	199	20	'	'	PUNCT
cblr-2919	200	1	however	however	ADV
cblr-2919	200	2	,	,	PUNCT
cblr-2919	200	3	with	with	ADP
cblr-2919	200	4	r	r	NOUN
cblr-2919	200	5	-	-	PUNCT
cblr-2919	200	6	cdos	cdo	NOUN
cblr-2919	200	7	56	56	NUM
cblr-2919	200	8	hunt	hunt	NOUN
cblr-2919	200	9	,	,	PUNCT
cblr-2919	200	10	supra	supra	PROPN
cblr-2919	200	11	note	note	PROPN
cblr-2919	200	12	15	15	NUM
cblr-2919	200	13	,	,	PUNCT
cblr-2919	200	14	at	at	ADP
cblr-2919	200	15	45	45	NUM
cblr-2919	200	16	.	.	NUM
cblr-2919	200	17	57	57	NUM
cblr-2919	201	1	i	i	PRON
cblr-2919	201	2	d.	d.	PROPN
cblr-2919	201	3	58	58	NUM
cblr-2919	202	1	i	i	PRON
cblr-2919	202	2	d.	d.	PROPN
cblr-2919	202	3	5	5	NUM
cblr-2919	202	4	iosco	iosco	NOUN
cblr-2919	202	5	,	,	PUNCT
cblr-2919	202	6	supra	supra	PROPN
cblr-2919	202	7	note	note	PROPN
cblr-2919	202	8	1	1	NUM
cblr-2919	202	9	,	,	PUNCT
cblr-2919	202	10	at	at	ADP
cblr-2919	202	11	2	2	NUM
cblr-2919	202	12	.	.	X
cblr-2919	202	13	60	60	NUM
cblr-2919	203	1	i	i	PROPN
cblr-2919	203	2	d.	d.	PROPN
cblr-2919	203	3	61	61	NUM
cblr-2919	203	4	mason	mason	PROPN
cblr-2919	203	5	&	&	CCONJ
cblr-2919	203	6	rosner	rosner	PROPN
cblr-2919	203	7	,	,	PUNCT
cblr-2919	203	8	supra	supra	PROPN
cblr-2919	203	9	note	note	PROPN
cblr-2919	203	10	20	20	NUM
cblr-2919	203	11	,	,	PUNCT
cblr-2919	203	12	at	at	ADP
cblr-2919	203	13	13	13	NUM
cblr-2919	203	14	.	.	PUNCT
cblr-2919	204	1	a	a	DET
cblr-2919	204	2	corporation	corporation	NOUN
cblr-2919	204	3	usually	usually	ADV
cblr-2919	204	4	can	can	AUX
cblr-2919	204	5	not	not	PART
cblr-2919	204	6	,	,	PUNCT
cblr-2919	204	7	without	without	ADP
cblr-2919	204	8	great	great	ADJ
cblr-2919	204	9	cost	cost	NOUN
cblr-2919	204	10	,	,	PUNCT
cblr-2919	204	11	change	change	VERB
cblr-2919	204	12	its	its	PRON
cblr-2919	204	13	capital	capital	NOUN
cblr-2919	204	14	structure	structure	NOUN
cblr-2919	204	15	or	or	CCONJ
cblr-2919	204	16	projected	project	VERB
cblr-2919	204	17	cash	cash	NOUN
cblr-2919	204	18	flows	flow	NOUN
cblr-2919	204	19	so	so	SCONJ
cblr-2919	204	20	that	that	SCONJ
cblr-2919	204	21	a	a	DET
cblr-2919	204	22	particular	particular	ADJ
cblr-2919	204	23	debt	debt	NOUN
cblr-2919	204	24	issuance	issuance	NOUN
cblr-2919	204	25	achieves	achieve	VERB
cblr-2919	204	26	a	a	DET
cblr-2919	204	27	desired	desire	VERB
cblr-2919	204	28	credit	credit	NOUN
cblr-2919	204	29	rating	rating	NOUN
cblr-2919	204	30	.	.	PUNCT
cblr-2919	205	1	see	see	VERB
cblr-2919	206	1	i	i	PRON
cblr-2919	206	2	d.	d.	PROPN
cblr-2919	206	3	256	256	NUM
cblr-2919	206	4	col	col	PROPN
cblr-2919	206	5	umbia	umbia	PROPN
cblr-2919	206	6	b	b	PROPN
cblr-2919	206	7	usiness	usiness	PROPN
cblr-2919	206	8	la	la	PROPN
cblr-2919	206	9	w	w	PROPN
cblr-2919	206	10	re	re	PROPN
cblr-2919	206	11	vie	vie	PROPN
cblr-2919	206	12	w	w	PROPN
cblr-2919	207	1	[	[	X
cblr-2919	207	2	vol	vol	NOUN
cblr-2919	207	3	.	.	NOUN
cblr-2919	208	1	20	20	NUM
cblr-2919	208	2	10	10	NUM
cblr-2919	208	3	no	no	NOUN
cblr-2919	208	4	.	.	PUNCT
cblr-2919	209	1	1:245	1:245	NUM
cblr-2919	209	2	]	]	X
cblr-2919	209	3	mortgage	mortgage	NOUN
cblr-2919	209	4	credit	credit	NOUN
cblr-2919	209	5	ratingsand	ratingsand	NOUN
cblr-2919	209	6	financial	financial	ADJ
cblr-2919	209	7	crisis	crisis	NOUN
cblr-2919	209	8	and	and	CCONJ
cblr-2919	209	9	rmbss	rmbss	NOUN
cblr-2919	209	10	,	,	PUNCT
cblr-2919	209	11	assets	asset	NOUN
cblr-2919	209	12	can	can	AUX
cblr-2919	209	13	be	be	AUX
cblr-2919	209	14	added	add	VERB
cblr-2919	209	15	and	and	CCONJ
cblr-2919	209	16	tranches	tranche	NOUN
cblr-2919	209	17	restructured	restructure	VERB
cblr-2919	209	18	,	,	PUNCT
cblr-2919	209	19	all	all	PRON
cblr-2919	209	20	easily	easily	ADV
cblr-2919	209	21	within	within	ADP
cblr-2919	209	22	the	the	DET
cblr-2919	209	23	control	control	NOUN
cblr-2919	209	24	of	of	ADP
cblr-2919	209	25	the	the	DET
cblr-2919	209	26	issuer	issuer	NOUN
cblr-2919	209	27	who	who	PRON
cblr-2919	209	28	desires	desire	VERB
cblr-2919	209	29	a	a	DET
cblr-2919	209	30	particular	particular	ADJ
cblr-2919	209	31	rating.62	rating.62	NOUN
cblr-2919	209	32	thus	thus	ADV
cblr-2919	209	33	,	,	PUNCT
cblr-2919	209	34	issuers	issuer	NOUN
cblr-2919	209	35	"	"	PUNCT
cblr-2919	209	36	engage	engage	VERB
cblr-2919	209	37	in	in	ADP
cblr-2919	209	38	a	a	DET
cblr-2919	209	39	process	process	NOUN
cblr-2919	209	40	that	that	PRON
cblr-2919	209	41	is	be	AUX
cblr-2919	209	42	'	'	PUNCT
cblr-2919	209	43	iterative	iterative	NOUN
cblr-2919	209	44	and	and	CCONJ
cblr-2919	209	45	interactive	interactive	ADJ
cblr-2919	209	46	,	,	PUNCT
cblr-2919	209	47	'	'	PUNCT
cblr-2919	209	48	"	"	PUNCT
cblr-2919	209	49	with	with	ADP
cblr-2919	209	50	the	the	DET
cblr-2919	209	51	cras	cras	PROPN
cblr-2919	209	52	informing	inform	VERB
cblr-2919	209	53	the	the	DET
cblr-2919	209	54	issuer	issuer	NOUN
cblr-2919	209	55	of	of	ADP
cblr-2919	209	56	the	the	DET
cblr-2919	209	57	"	"	PUNCT
cblr-2919	209	58	requirements	requirement	NOUN
cblr-2919	209	59	.	.	PUNCT
cblr-2919	209	60	.	.	PUNCT
cblr-2919	209	61	.	.	PUNCT
cblr-2919	210	1	to	to	PART
cblr-2919	210	2	achieve	achieve	VERB
cblr-2919	210	3	target	target	NOUN
cblr-2919	210	4	ratings	rating	NOUN
cblr-2919	210	5	.	.	PUNCT
cblr-2919	211	1	"63	"63	PROPN
cblr-2919	211	2	at	at	ADP
cblr-2919	211	3	first	first	ADJ
cblr-2919	211	4	glance	glance	NOUN
cblr-2919	211	5	,	,	PUNCT
cblr-2919	211	6	intimate	intimate	ADJ
cblr-2919	211	7	communication	communication	NOUN
cblr-2919	211	8	does	do	AUX
cblr-2919	211	9	not	not	PART
cblr-2919	211	10	seem	seem	VERB
cblr-2919	211	11	to	to	PART
cblr-2919	211	12	be	be	AUX
cblr-2919	211	13	troublesome	troublesome	ADJ
cblr-2919	211	14	;	;	PUNCT
cblr-2919	211	15	it	it	PRON
cblr-2919	211	16	could	could	AUX
cblr-2919	211	17	help	help	VERB
cblr-2919	211	18	cras	cras	PROPN
cblr-2919	211	19	make	make	VERB
cblr-2919	211	20	more	more	ADV
cblr-2919	211	21	accurate	accurate	ADJ
cblr-2919	211	22	ratings	rating	NOUN
cblr-2919	211	23	and	and	CCONJ
cblr-2919	211	24	allow	allow	VERB
cblr-2919	211	25	for	for	ADP
cblr-2919	211	26	greater	great	ADJ
cblr-2919	211	27	issuer	issuer	NOUN
cblr-2919	211	28	satisfaction	satisfaction	NOUN
cblr-2919	211	29	.	.	PUNCT
cblr-2919	212	1	but	but	CCONJ
cblr-2919	212	2	,	,	PUNCT
cblr-2919	212	3	as	as	ADP
cblr-2919	212	4	with	with	ADP
cblr-2919	212	5	a	a	DET
cblr-2919	212	6	hostage	hostage	NOUN
cblr-2919	212	7	that	that	PRON
cblr-2919	212	8	eventually	eventually	ADV
cblr-2919	212	9	sympathizes	sympathize	VERB
cblr-2919	212	10	with	with	ADP
cblr-2919	212	11	his	his	PRON
cblr-2919	212	12	or	or	CCONJ
cblr-2919	212	13	her	her	PRON
cblr-2919	212	14	captors	captor	NOUN
cblr-2919	212	15	,	,	PUNCT
cblr-2919	212	16	with	with	ADP
cblr-2919	212	17	close	close	ADJ
cblr-2919	212	18	contact	contact	NOUN
cblr-2919	212	19	comes	come	VERB
cblr-2919	212	20	the	the	DET
cblr-2919	212	21	.	.	PUNCT
cblr-2919	212	22	potential	potential	NOUN
cblr-2919	212	23	for	for	ADP
cblr-2919	212	24	an	an	DET
cblr-2919	212	25	issuer	issuer	NOUN
cblr-2919	212	26	to	to	PART
cblr-2919	212	27	cloud	cloud	VERB
cblr-2919	212	28	the	the	DET
cblr-2919	212	29	judgment	judgment	NOUN
cblr-2919	212	30	of	of	ADP
cblr-2919	212	31	a	a	DET
cblr-2919	212	32	cra	cra	PROPN
cblr-2919	212	33	.	.	PUNCT
cblr-2919	213	1	a	a	DET
cblr-2919	213	2	recent	recent	ADJ
cblr-2919	213	3	article	article	NOUN
cblr-2919	213	4	in	in	ADP
cblr-2919	213	5	the	the	DET
cblr-2919	213	6	new	new	PROPN
cblr-2919	213	7	york	york	PROPN
cblr-2919	213	8	times	times	PROPN
cblr-2919	213	9	alleges	allege	VERB
cblr-2919	213	10	that	that	SCONJ
cblr-2919	213	11	countrywide	countrywide	NOUN
cblr-2919	213	12	was	be	AUX
cblr-2919	213	13	able	able	ADJ
cblr-2919	213	14	to	to	PART
cblr-2919	213	15	persuade	persuade	VERB
cblr-2919	213	16	moody	moody	PROPN
cblr-2919	213	17	's	'	NOUN
cblr-2919	213	18	to	to	PART
cblr-2919	213	19	increase	increase	VERB
cblr-2919	213	20	a	a	DET
cblr-2919	213	21	rating	rating	NOUN
cblr-2919	213	22	simply	simply	ADV
cblr-2919	213	23	by	by	ADP
cblr-2919	213	24	calling	call	VERB
cblr-2919	213	25	and	and	CCONJ
cblr-2919	213	26	complaining	complain	VERB
cblr-2919	213	27	,	,	PUNCT
cblr-2919	213	28	without	without	ADP
cblr-2919	213	29	offering	offer	VERB
cblr-2919	213	30	new	new	ADJ
cblr-2919	213	31	information	information	NOUN
cblr-2919	213	32	about	about	ADP
cblr-2919	213	33	the	the	DET
cblr-2919	213	34	quality	quality	NOUN
cblr-2919	213	35	of	of	ADP
cblr-2919	213	36	the	the	DET
cblr-2919	213	37	assets.6	assets.6	PROPN
cblr-2919	213	38	4	4	NUM
cblr-2919	213	39	although	although	SCONJ
cblr-2919	213	40	countrywide	countrywide	NOUN
cblr-2919	213	41	may	may	AUX
cblr-2919	213	42	have	have	AUX
cblr-2919	213	43	also	also	ADV
cblr-2919	213	44	employed	employ	VERB
cblr-2919	213	45	other	other	ADJ
cblr-2919	213	46	levers	lever	NOUN
cblr-2919	213	47	besides	besides	SCONJ
cblr-2919	213	48	persuasion	persuasion	NOUN
cblr-2919	213	49	,	,	PUNCT
cblr-2919	213	50	this	this	DET
cblr-2919	213	51	example	example	NOUN
cblr-2919	213	52	demonstrates	demonstrate	VERB
cblr-2919	213	53	how	how	SCONJ
cblr-2919	213	54	close	close	ADJ
cblr-2919	213	55	contact	contact	NOUN
cblr-2919	213	56	may	may	AUX
cblr-2919	213	57	be	be	AUX
cblr-2919	213	58	problematic	problematic	ADJ
cblr-2919	213	59	.	.	PUNCT
cblr-2919	214	1	to	to	PART
cblr-2919	214	2	address	address	VERB
cblr-2919	214	3	this	this	DET
cblr-2919	214	4	problem	problem	NOUN
cblr-2919	214	5	(	(	PUNCT
cblr-2919	214	6	and	and	CCONJ
cblr-2919	214	7	several	several	ADJ
cblr-2919	214	8	other	other	ADJ
cblr-2919	214	9	problems	problem	NOUN
cblr-2919	214	10	described	describe	VERB
cblr-2919	214	11	later	later	ADV
cblr-2919	214	12	in	in	ADP
cblr-2919	214	13	this	this	DET
cblr-2919	214	14	note	note	NOUN
cblr-2919	214	15	)	)	PUNCT
cblr-2919	214	16	,	,	PUNCT
cblr-2919	214	17	the	the	DET
cblr-2919	214	18	sec	sec	PROPN
cblr-2919	214	19	,	,	PUNCT
cblr-2919	214	20	in	in	ADP
cblr-2919	214	21	early	early	ADJ
cblr-2919	214	22	2009	2009	NUM
cblr-2919	214	23	,	,	PUNCT
cblr-2919	214	24	adopted	adopt	VERB
cblr-2919	214	25	new	new	ADJ
cblr-2919	214	26	rules	rule	NOUN
cblr-2919	214	27	restricting	restrict	VERB
cblr-2919	214	28	communication	communication	NOUN
cblr-2919	214	29	between	between	ADP
cblr-2919	214	30	cra	cra	PROPN
cblr-2919	214	31	rating	rating	NOUN
cblr-2919	214	32	analysts	analyst	NOUN
cblr-2919	214	33	and	and	CCONJ
cblr-2919	214	34	executives	executive	NOUN
cblr-2919	214	35	that	that	PRON
cblr-2919	214	36	negotiate	negotiate	VERB
cblr-2919	214	37	fees	fee	NOUN
cblr-2919	214	38	for	for	ADP
cblr-2919	214	39	the	the	DET
cblr-2919	214	40	issuers.6	issuers.6	PROPN
cblr-2919	214	41	"	"	PUNCT
cblr-2919	214	42	however	however	ADV
cblr-2919	214	43	,	,	PUNCT
cblr-2919	214	44	as	as	ADV
cblr-2919	214	45	long	long	ADV
cblr-2919	214	46	as	as	SCONJ
cblr-2919	214	47	issuers	issuer	NOUN
cblr-2919	214	48	pay	pay	VERB
cblr-2919	214	49	for	for	ADP
cblr-2919	214	50	their	their	PRON
cblr-2919	214	51	ratings	rating	NOUN
cblr-2919	214	52	,	,	PUNCT
cblr-2919	214	53	their	their	PRON
cblr-2919	214	54	ability	ability	NOUN
cblr-2919	214	55	to	to	PART
cblr-2919	214	56	"	"	PUNCT
cblr-2919	214	57	persuade	persuade	VERB
cblr-2919	214	58	"	"	PUNCT
cblr-2919	214	59	the	the	DET
cblr-2919	214	60	cras	cras	X
cblr-2919	214	61	will	will	AUX
cblr-2919	214	62	probably	probably	ADV
cblr-2919	214	63	be	be	AUX
cblr-2919	214	64	quite	quite	ADV
cblr-2919	214	65	strong	strong	ADJ
cblr-2919	214	66	.	.	PUNCT
cblr-2919	215	1	additionally	additionally	ADV
cblr-2919	215	2	,	,	PUNCT
cblr-2919	215	3	cras	cras	PROPN
cblr-2919	215	4	sell	sell	VERB
cblr-2919	215	5	consulting	consulting	NOUN
cblr-2919	215	6	services	service	NOUN
cblr-2919	215	7	to	to	ADP
cblr-2919	215	8	issuers.66	issuers.66	NOUN
cblr-2919	215	9	the	the	DET
cblr-2919	215	10	accounting	accounting	NOUN
cblr-2919	215	11	industry	industry	NOUN
cblr-2919	215	12	was	be	AUX
cblr-2919	215	13	criticized	criticize	VERB
cblr-2919	215	14	in	in	ADP
cblr-2919	215	15	the	the	DET
cblr-2919	215	16	wake	wake	NOUN
cblr-2919	215	17	of	of	ADP
cblr-2919	215	18	enron	enron	PROPN
cblr-2919	215	19	62	62	NUM
cblr-2919	216	1	i	i	PRON
cblr-2919	216	2	d.	d.	PROPN
cblr-2919	216	3	63	63	NUM
cblr-2919	217	1	i	i	PRON
cblr-2919	217	2	d.	d.	PROPN
cblr-2919	217	3	64	64	NUM
cblr-2919	217	4	see	see	VERB
cblr-2919	217	5	gretchen	gretchen	PROPN
cblr-2919	217	6	morgenson	morgenson	PROPN
cblr-2919	217	7	,	,	PUNCT
cblr-2919	217	8	debt	debt	NOUN
cblr-2919	217	9	watchdogs	watchdog	NOUN
cblr-2919	217	10	:	:	PUNCT
cblr-2919	217	11	tamed	tame	VERB
cblr-2919	217	12	or	or	CCONJ
cblr-2919	217	13	caught	catch	VERB
cblr-2919	217	14	napping	nap	VERB
cblr-2919	217	15	?	?	PROPN
cblr-2919	217	16	,	,	PUNCT
cblr-2919	217	17	n.y	n.y	PROPN
cblr-2919	217	18	.	.	PROPN
cblr-2919	217	19	times	times	PROPN
cblr-2919	217	20	,	,	PUNCT
cblr-2919	217	21	dec	dec	PROPN
cblr-2919	217	22	.	.	PROPN
cblr-2919	217	23	7	7	NUM
cblr-2919	217	24	,	,	PUNCT
cblr-2919	217	25	2008	2008	NUM
cblr-2919	217	26	,	,	PUNCT
cblr-2919	217	27	at	at	ADP
cblr-2919	217	28	al	al	PROPN
cblr-2919	217	29	.	.	PROPN
cblr-2919	217	30	65	65	NUM
cblr-2919	217	31	see	see	VERB
cblr-2919	217	32	amendments	amendment	NOUN
cblr-2919	217	33	to	to	ADP
cblr-2919	217	34	rules	rule	NOUN
cblr-2919	217	35	for	for	ADP
cblr-2919	217	36	nationally	nationally	ADV
cblr-2919	217	37	recognized	recognize	VERB
cblr-2919	217	38	statistical	statistical	ADJ
cblr-2919	217	39	rating	rating	NOUN
cblr-2919	217	40	organizations	organization	NOUN
cblr-2919	217	41	,	,	PUNCT
cblr-2919	217	42	74	74	NUM
cblr-2919	217	43	fed	feed	VERB
cblr-2919	217	44	.	.	PUNCT
cblr-2919	218	1	reg	reg	PROPN
cblr-2919	218	2	.	.	PUNCT
cblr-2919	219	1	6456	6456	NUM
cblr-2919	219	2	(	(	PUNCT
cblr-2919	219	3	proposed	propose	VERB
cblr-2919	219	4	feb	feb	PROPN
cblr-2919	219	5	.	.	PROPN
cblr-2919	219	6	9	9	NUM
cblr-2919	219	7	,	,	PUNCT
cblr-2919	219	8	2009	2009	NUM
cblr-2919	219	9	)	)	PUNCT
cblr-2919	219	10	(	(	PUNCT
cblr-2919	219	11	to	to	PART
cblr-2919	219	12	be	be	AUX
cblr-2919	219	13	codified	codify	VERB
cblr-2919	219	14	at	at	ADP
cblr-2919	219	15	17	17	NUM
cblr-2919	219	16	c.f.r	c.f.r	NOUN
cblr-2919	219	17	.	.	PUNCT
cblr-2919	220	1	pts	pts	PROPN
cblr-2919	220	2	.	.	PROPN
cblr-2919	220	3	240	240	NUM
cblr-2919	220	4	&	&	CCONJ
cblr-2919	220	5	249b	249b	NUM
cblr-2919	220	6	)	)	PUNCT
cblr-2919	220	7	;	;	PUNCT
cblr-2919	220	8	annette	annette	PROPN
cblr-2919	220	9	l.	l.	PROPN
cblr-2919	220	10	nazareth	nazareth	PROPN
cblr-2919	220	11	,	,	PUNCT
cblr-2919	220	12	sec	sec	PROPN
cblr-2919	220	13	publishes	publish	VERB
cblr-2919	220	14	final	final	ADJ
cblr-2919	220	15	rules	rule	NOUN
cblr-2919	220	16	for	for	ADP
cblr-2919	220	17	credit	credit	NOUN
cblr-2919	220	18	rating	rating	NOUN
cblr-2919	220	19	agencies	agency	NOUN
cblr-2919	220	20	,	,	PUNCT
cblr-2919	220	21	the	the	DET
cblr-2919	220	22	harvard	harvard	PROPN
cblr-2919	220	23	law	law	PROPN
cblr-2919	220	24	school	school	NOUN
cblr-2919	220	25	forum	forum	NOUN
cblr-2919	220	26	on	on	ADP
cblr-2919	220	27	corporate	corporate	ADJ
cblr-2919	220	28	governance	governance	NOUN
cblr-2919	220	29	and	and	CCONJ
cblr-2919	220	30	financial	financial	ADJ
cblr-2919	220	31	regulation	regulation	NOUN
cblr-2919	220	32	,	,	PUNCT
cblr-2919	220	33	feb	feb	PROPN
cblr-2919	220	34	.	.	PROPN
cblr-2919	220	35	5	5	NUM
cblr-2919	220	36	,	,	PUNCT
cblr-2919	220	37	2009	2009	NUM
cblr-2919	220	38	,	,	PUNCT
cblr-2919	220	39	http://blogs.law.harvard.edulcorpgov/2009/02/05/sec-publishe	http://blogs.law.harvard.edulcorpgov/2009/02/05/sec-publishe	PROPN
cblr-2919	220	40	s	s	ADJ
cblr-2919	220	41	-	-	ADJ
cblr-2919	220	42	final	final	ADJ
cblr-2919	220	43	-	-	PUNCT
cblr-2919	220	44	rules	rule	NOUN
cblr-2919	220	45	-	-	PUNCT
cblr-2919	220	46	and	and	CCONJ
cblr-2919	220	47	-	-	PUNCT
cblr-2919	220	48	proposes	propose	VERB
cblr-2919	220	49	-	-	PUNCT
cblr-2919	220	50	additional	additional	ADJ
cblr-2919	220	51	-	-	PUNCT
cblr-2919	220	52	rules	rule	NOUN
cblr-2919	220	53	-	-	PUNCT
cblr-2919	220	54	for	for	ADP
cblr-2919	220	55	-	-	PUNCT
cblr-2919	220	56	credit	credit	NOUN
cblr-2919	220	57	-	-	PUNCT
cblr-2919	220	58	rating	rating	NOUN
cblr-2919	220	59	-	-	PUNCT
cblr-2919	220	60	agencies/.	agencies/.	NOUN
cblr-2919	220	61	6	6	NUM
cblr-2919	220	62	see	see	NOUN
cblr-2919	220	63	frank	frank	PROPN
cblr-2919	220	64	partnoy	partnoy	ADJ
cblr-2919	220	65	,	,	PUNCT
cblr-2919	220	66	how	how	SCONJ
cblr-2919	220	67	and	and	CCONJ
cblr-2919	220	68	why	why	SCONJ
cblr-2919	220	69	credit	credit	NOUN
cblr-2919	220	70	rating	rating	NOUN
cblr-2919	220	71	agencies	agency	NOUN
cblr-2919	220	72	are	be	AUX
cblr-2919	220	73	not	not	PART
cblr-2919	220	74	like	like	ADP
cblr-2919	220	75	other	other	ADJ
cblr-2919	220	76	gatekeepers	gatekeeper	NOUN
cblr-2919	220	77	60	60	NUM
cblr-2919	220	78	(	(	PUNCT
cblr-2919	220	79	univ	univ	PROPN
cblr-2919	220	80	.	.	PROPN
cblr-2919	220	81	of	of	ADP
cblr-2919	220	82	san	san	PROPN
cblr-2919	220	83	diego	diego	PROPN
cblr-2919	220	84	sch	sch	PROPN
cblr-2919	220	85	.	.	PROPN
cblr-2919	221	1	of	of	ADP
cblr-2919	221	2	law	law	NOUN
cblr-2919	221	3	,	,	PUNCT
cblr-2919	221	4	legal	legal	ADJ
cblr-2919	221	5	stud	stud	NOUN
cblr-2919	221	6	.	.	PUNCT
cblr-2919	222	1	research	research	NOUN
cblr-2919	222	2	paper	paper	NOUN
cblr-2919	222	3	series	series	NOUN
cblr-2919	222	4	,	,	PUNCT
cblr-2919	222	5	research	research	NOUN
cblr-2919	222	6	paper	paper	NOUN
cblr-2919	222	7	no	no	NOUN
cblr-2919	222	8	.	.	NOUN
cblr-2919	223	1	07	07	NUM
cblr-2919	223	2	-	-	SYM
cblr-2919	223	3	46	46	NUM
cblr-2919	223	4	,	,	PUNCT
cblr-2919	223	5	2006	2006	NUM
cblr-2919	223	6	)	)	PUNCT
cblr-2919	223	7	,	,	PUNCT
cblr-2919	223	8	available	available	ADJ
cblr-2919	223	9	at	at	ADP
cblr-2919	223	10	http://ssrn.com/abstract=900257	http://ssrn.com/abstract=900257	NOUN
cblr-2919	223	11	.	.	PROPN
cblr-2919	224	1	257	257	NUM
cblr-2919	224	2	columbia	columbia	PROPN
cblr-2919	224	3	business	business	PROPN
cblr-2919	224	4	law	law	PROPN
cblr-2919	224	5	review	review	NOUN
cblr-2919	224	6	for	for	ADP
cblr-2919	224	7	the	the	DET
cblr-2919	224	8	other	other	ADJ
cblr-2919	224	9	services	service	NOUN
cblr-2919	224	10	it	it	PRON
cblr-2919	224	11	sold	sell	VERB
cblr-2919	224	12	to	to	ADP
cblr-2919	224	13	its	its	PRON
cblr-2919	224	14	clients.67	clients.67	PROPN
cblr-2919	224	15	sarbanes	sarbanes	PROPN
cblr-2919	224	16	-	-	PUNCT
cblr-2919	224	17	oxley	oxley	PROPN
cblr-2919	224	18	curtailed	curtail	VERB
cblr-2919	224	19	this	this	DET
cblr-2919	224	20	practice	practice	NOUN
cblr-2919	224	21	for	for	ADP
cblr-2919	224	22	accountants	accountant	NOUN
cblr-2919	224	23	,	,	PUNCT
cblr-2919	224	24	"	"	PUNCT
cblr-2919	224	25	but	but	CCONJ
cblr-2919	224	26	not	not	PART
cblr-2919	224	27	for	for	ADP
cblr-2919	224	28	cras.6	cras.6	PROPN
cblr-2919	224	29	9	9	NUM
cblr-2919	224	30	the	the	DET
cblr-2919	224	31	2009	2009	NUM
cblr-2919	224	32	sec	sec	PROPN
cblr-2919	224	33	cra	cra	PROPN
cblr-2919	224	34	rules	rule	NOUN
cblr-2919	224	35	do	do	AUX
cblr-2919	224	36	not	not	PART
cblr-2919	224	37	prohibit	prohibit	VERB
cblr-2919	224	38	cross	cross	NOUN
cblr-2919	224	39	selling	selling	NOUN
cblr-2919	224	40	of	of	ADP
cblr-2919	224	41	services	service	NOUN
cblr-2919	224	42	,	,	PUNCT
cblr-2919	224	43	but	but	CCONJ
cblr-2919	224	44	do	do	AUX
cblr-2919	224	45	ban	ban	VERB
cblr-2919	224	46	"	"	PUNCT
cblr-2919	224	47	recommendations	recommendation	NOUN
cblr-2919	224	48	,	,	PUNCT
cblr-2919	224	49	"	"	PUNCT
cblr-2919	224	50	which	which	PRON
cblr-2919	224	51	are	be	AUX
cblr-2919	224	52	prerating	prerate	VERB
cblr-2919	224	53	communications	communication	NOUN
cblr-2919	224	54	whereby	whereby	SCONJ
cblr-2919	224	55	the	the	DET
cblr-2919	224	56	cra	cra	PROPN
cblr-2919	224	57	advises	advise	VERB
cblr-2919	224	58	the	the	DET
cblr-2919	224	59	issuer	issuer	NOUN
cblr-2919	224	60	on	on	ADP
cblr-2919	224	61	how	how	SCONJ
cblr-2919	224	62	to	to	PART
cblr-2919	224	63	structure	structure	VERB
cblr-2919	224	64	the	the	DET
cblr-2919	224	65	security	security	NOUN
cblr-2919	224	66	to	to	PART
cblr-2919	224	67	achieve	achieve	VERB
cblr-2919	224	68	a	a	DET
cblr-2919	224	69	certain	certain	ADJ
cblr-2919	224	70	rating.o	rating.o	NOUN
cblr-2919	224	71	however	however	ADV
cblr-2919	224	72	,	,	PUNCT
cblr-2919	224	73	enforcing	enforce	VERB
cblr-2919	224	74	this	this	DET
cblr-2919	224	75	ban	ban	NOUN
cblr-2919	224	76	may	may	AUX
cblr-2919	224	77	be	be	AUX
cblr-2919	224	78	difficult	difficult	ADJ
cblr-2919	224	79	,	,	PUNCT
cblr-2919	224	80	as	as	SCONJ
cblr-2919	224	81	the	the	DET
cblr-2919	224	82	sec	sec	PROPN
cblr-2919	224	83	rules	rule	NOUN
cblr-2919	224	84	are	be	AUX
cblr-2919	224	85	vague	vague	ADJ
cblr-2919	224	86	about	about	SCONJ
cblr-2919	224	87	which	which	DET
cblr-2919	224	88	communications	communication	NOUN
cblr-2919	224	89	will	will	AUX
cblr-2919	224	90	be	be	AUX
cblr-2919	224	91	allowed	allow	VERB
cblr-2919	224	92	and	and	CCONJ
cblr-2919	224	93	which	which	PRON
cblr-2919	224	94	will	will	AUX
cblr-2919	224	95	not	not	PART
cblr-2919	224	96	.	.	PUNCT
cblr-2919	225	1	3	3	X
cblr-2919	225	2	.	.	X
cblr-2919	225	3	reputation	reputation	NOUN
cblr-2919	225	4	and	and	CCONJ
cblr-2919	225	5	the	the	DET
cblr-2919	225	6	bubble	bubble	NOUN
cblr-2919	225	7	economy	economy	NOUN
cblr-2919	225	8	the	the	DET
cblr-2919	225	9	fear	fear	NOUN
cblr-2919	225	10	of	of	ADP
cblr-2919	225	11	losing	lose	VERB
cblr-2919	225	12	reputational	reputational	ADJ
cblr-2919	225	13	capital	capital	NOUN
cblr-2919	225	14	may	may	AUX
cblr-2919	225	15	succumb	succumb	VERB
cblr-2919	225	16	to	to	ADP
cblr-2919	225	17	the	the	DET
cblr-2919	225	18	exuberance	exuberance	NOUN
cblr-2919	225	19	of	of	ADP
cblr-2919	225	20	a	a	DET
cblr-2919	225	21	bubble	bubble	NOUN
cblr-2919	225	22	economy.72	economy.72	NOUN
cblr-2919	225	23	given	give	VERB
cblr-2919	225	24	their	their	PRON
cblr-2919	225	25	close	close	ADJ
cblr-2919	225	26	contact	contact	NOUN
cblr-2919	225	27	with	with	ADP
cblr-2919	225	28	the	the	DET
cblr-2919	225	29	issuers	issuer	NOUN
cblr-2919	225	30	of	of	ADP
cblr-2919	225	31	these	these	DET
cblr-2919	225	32	securities	security	NOUN
cblr-2919	225	33	,	,	PUNCT
cblr-2919	225	34	the	the	DET
cblr-2919	225	35	cras	cras	X
cblr-2919	225	36	may	may	AUX
cblr-2919	225	37	have	have	AUX
cblr-2919	225	38	become	become	AUX
cblr-2919	225	39	infected	infect	VERB
cblr-2919	225	40	by	by	ADP
cblr-2919	225	41	the	the	DET
cblr-2919	225	42	same	same	ADJ
cblr-2919	225	43	irrational	irrational	ADJ
cblr-2919	225	44	exuberance	exuberance	NOUN
cblr-2919	225	45	that	that	PRON
cblr-2919	225	46	the	the	DET
cblr-2919	225	47	issuers	issuer	NOUN
cblr-2919	225	48	experienced	experience	VERB
cblr-2919	225	49	.	.	PUNCT
cblr-2919	226	1	it	it	PRON
cblr-2919	226	2	did	do	AUX
cblr-2919	226	3	not	not	PART
cblr-2919	226	4	help	help	VERB
cblr-2919	226	5	that	that	SCONJ
cblr-2919	226	6	moody	moody	PROPN
cblr-2919	226	7	's	's	PART
cblr-2919	226	8	and	and	CCONJ
cblr-2919	226	9	mcgraw	mcgraw	PROPN
cblr-2919	226	10	-	-	PUNCT
cblr-2919	226	11	hill	hill	NOUN
cblr-2919	226	12	,	,	PUNCT
cblr-2919	226	13	s&p	s&p	PROPN
cblr-2919	226	14	's	's	PART
cblr-2919	226	15	parent	parent	NOUN
cblr-2919	226	16	,	,	PUNCT
cblr-2919	226	17	were	be	AUX
cblr-2919	226	18	publicly	publicly	ADV
cblr-2919	226	19	traded	trade	VERB
cblr-2919	226	20	companies	company	NOUN
cblr-2919	226	21	with	with	ADP
cblr-2919	226	22	inflated	inflated	ADJ
cblr-2919	226	23	pre	pre	ADJ
cblr-2919	226	24	-	-	ADJ
cblr-2919	226	25	crisis	crisis	ADJ
cblr-2919	226	26	stock	stock	NOUN
cblr-2919	226	27	prices.74	prices.74	VERB
cblr-2919	226	28	for	for	ADP
cblr-2919	226	29	example	example	NOUN
cblr-2919	226	30	,	,	PUNCT
cblr-2919	226	31	moody	moody	PROPN
cblr-2919	226	32	's	's	PART
cblr-2919	226	33	stock	stock	NOUN
cblr-2919	226	34	was	be	AUX
cblr-2919	226	35	trading	trade	VERB
cblr-2919	226	36	at	at	ADP
cblr-2919	226	37	over	over	ADP
cblr-2919	226	38	twenty	twenty	NUM
cblr-2919	226	39	times	time	NOUN
cblr-2919	226	40	earnings,7	earnings,7	PART
cblr-2919	226	41	'	'	PUNCT
cblr-2919	226	42	and	and	CCONJ
cblr-2919	226	43	its	its	PRON
cblr-2919	226	44	market	market	NOUN
cblr-2919	226	45	capitalization	capitalization	NOUN
cblr-2919	226	46	was	be	AUX
cblr-2919	226	47	fifteen	fifteen	NUM
cblr-2919	226	48	billion	billion	NUM
cblr-2919	226	49	dollars	dollar	NOUN
cblr-2919	226	50	in	in	ADP
cblr-2919	226	51	2005.76	2005.76	NUM
cblr-2919	226	52	analyst	analyst	NOUN
cblr-2919	226	53	and	and	CCONJ
cblr-2919	226	54	executive	executive	ADJ
cblr-2919	226	55	bonuses	bonus	NOUN
cblr-2919	226	56	were	be	AUX
cblr-2919	226	57	paid	pay	VERB
cblr-2919	226	58	with	with	ADP
cblr-2919	226	59	stock	stock	NOUN
cblr-2919	226	60	options7	options7	PROPN
cblr-2919	226	61	and	and	CCONJ
cblr-2919	226	62	with	with	ADP
cblr-2919	226	63	the	the	DET
cblr-2919	226	64	difficulty	difficulty	NOUN
cblr-2919	226	65	of	of	ADP
cblr-2919	226	66	maintaining	maintain	VERB
cblr-2919	226	67	such	such	DET
cblr-2919	226	68	a	a	DET
cblr-2919	226	69	high	high	ADJ
cblr-2919	226	70	market	market	NOUN
cblr-2919	226	71	valuation	valuation	NOUN
cblr-2919	226	72	,	,	PUNCT
cblr-2919	226	73	cra	cra	PROPN
cblr-2919	226	74	analysts	analyst	NOUN
cblr-2919	226	75	and	and	CCONJ
cblr-2919	226	76	executives	executive	NOUN
cblr-2919	226	77	may	may	AUX
cblr-2919	226	78	have	have	AUX
cblr-2919	226	79	felt	feel	VERB
cblr-2919	226	80	the	the	DET
cblr-2919	226	81	pressure	pressure	NOUN
cblr-2919	226	82	,	,	PUNCT
cblr-2919	226	83	just	just	ADV
cblr-2919	226	84	like	like	ADP
cblr-2919	226	85	their	their	PRON
cblr-2919	226	86	clients	client	NOUN
cblr-2919	226	87	,	,	PUNCT
cblr-2919	226	88	to	to	PART
cblr-2919	226	89	maximize	maximize	VERB
cblr-2919	226	90	the	the	DET
cblr-2919	226	91	short	short	ADJ
cblr-2919	226	92	-	-	PUNCT
cblr-2919	226	93	term	term	NOUN
cblr-2919	226	94	67	67	NUM
cblr-2919	226	95	coffee	coffee	NOUN
cblr-2919	226	96	,	,	PUNCT
cblr-2919	226	97	supra	supra	PROPN
cblr-2919	226	98	note	note	NOUN
cblr-2919	226	99	34	34	NUM
cblr-2919	226	100	,	,	PUNCT
cblr-2919	226	101	at	at	ADP
cblr-2919	226	102	65	65	NUM
cblr-2919	226	103	,	,	PUNCT
cblr-2919	226	104	151	151	NUM
cblr-2919	226	105	,	,	PUNCT
cblr-2919	226	106	291	291	NUM
cblr-2919	226	107	.	.	NOUN
cblr-2919	226	108	6	6	NUM
cblr-2919	227	1	i	i	PRON
cblr-2919	227	2	d.	d.	NOUN
cblr-2919	227	3	at	at	ADP
cblr-2919	227	4	166	166	NUM
cblr-2919	227	5	-	-	SYM
cblr-2919	227	6	67	67	NUM
cblr-2919	227	7	;	;	PUNCT
cblr-2919	227	8	partnoy	partnoy	NUM
cblr-2919	227	9	,	,	PUNCT
cblr-2919	227	10	supra	supra	ADJ
cblr-2919	227	11	note	note	NOUN
cblr-2919	227	12	66	66	NUM
cblr-2919	227	13	,	,	PUNCT
cblr-2919	227	14	at	at	ADP
cblr-2919	227	15	60	60	NUM
cblr-2919	227	16	.	.	PUNCT
cblr-2919	228	1	69	69	NUM
cblr-2919	228	2	nazareth	nazareth	PROPN
cblr-2919	228	3	,	,	PUNCT
cblr-2919	228	4	supra	supra	PROPN
cblr-2919	228	5	note	note	PROPN
cblr-2919	228	6	65	65	NUM
cblr-2919	228	7	,	,	PUNCT
cblr-2919	228	8	at	at	ADP
cblr-2919	228	9	2	2	NUM
cblr-2919	228	10	.	.	X
cblr-2919	228	11	70	70	NUM
cblr-2919	228	12	see	see	VERB
cblr-2919	228	13	i	i	PRON
cblr-2919	228	14	d.	d.	PROPN
cblr-2919	228	15	71	71	NUM
cblr-2919	229	1	i	i	PRON
cblr-2919	229	2	d.	d.	PROPN
cblr-2919	229	3	72	72	NUM
cblr-2919	229	4	see	see	VERB
cblr-2919	229	5	generally	generally	ADV
cblr-2919	229	6	coffee	coffee	NOUN
cblr-2919	229	7	,	,	PUNCT
cblr-2919	229	8	supra	supra	PROPN
cblr-2919	229	9	note	note	NOUN
cblr-2919	229	10	34	34	NUM
cblr-2919	229	11	,	,	PUNCT
cblr-2919	229	12	at	at	ADP
cblr-2919	229	13	67	67	NUM
cblr-2919	229	14	-	-	SYM
cblr-2919	229	15	69	69	NUM
cblr-2919	229	16	(	(	PUNCT
cblr-2919	229	17	describing	describe	VERB
cblr-2919	229	18	market	market	NOUN
cblr-2919	229	19	euphoria	euphoria	NOUN
cblr-2919	229	20	among	among	ADP
cblr-2919	229	21	gatekeepers	gatekeeper	NOUN
cblr-2919	229	22	)	)	PUNCT
cblr-2919	229	23	.	.	PUNCT
cblr-2919	230	1	7	7	NUM
cblr-2919	230	2	see	see	VERB
cblr-2919	230	3	gretchen	gretchen	PROPN
cblr-2919	230	4	morgenson	morgenson	PROPN
cblr-2919	230	5	,	,	PUNCT
cblr-2919	230	6	how	how	SCONJ
cblr-2919	230	7	the	the	DET
cblr-2919	230	8	thundering	thunder	VERB
cblr-2919	230	9	herd	herd	NOUN
cblr-2919	230	10	faltered	falter	VERB
cblr-2919	230	11	and	and	CCONJ
cblr-2919	230	12	fell	fall	VERB
cblr-2919	230	13	,	,	PUNCT
cblr-2919	230	14	n.y	n.y	PROPN
cblr-2919	230	15	.	.	PROPN
cblr-2919	230	16	times	times	PROPN
cblr-2919	230	17	,	,	PUNCT
cblr-2919	230	18	nov	nov	PROPN
cblr-2919	230	19	.	.	PROPN
cblr-2919	230	20	9	9	NUM
cblr-2919	230	21	,	,	PUNCT
cblr-2919	230	22	2008	2008	NUM
cblr-2919	230	23	,	,	PUNCT
cblr-2919	230	24	at	at	ADP
cblr-2919	230	25	bu1	bu1	NOUN
cblr-2919	230	26	(	(	PUNCT
cblr-2919	230	27	chronicling	chronicle	VERB
cblr-2919	230	28	the	the	DET
cblr-2919	230	29	downfall	downfall	NOUN
cblr-2919	230	30	of	of	ADP
cblr-2919	230	31	merrill	merrill	PROPN
cblr-2919	230	32	lynch	lynch	PROPN
cblr-2919	230	33	,	,	PUNCT
cblr-2919	230	34	one	one	NUM
cblr-2919	230	35	of	of	ADP
cblr-2919	230	36	the	the	DET
cblr-2919	230	37	major	major	ADJ
cblr-2919	230	38	rmbs	rmb	NOUN
cblr-2919	230	39	and	and	CCONJ
cblr-2919	230	40	r	r	NOUN
cblr-2919	230	41	-	-	PUNCT
cblr-2919	230	42	cdo	cdo	ADJ
cblr-2919	230	43	issuers	issuer	NOUN
cblr-2919	230	44	)	)	PUNCT
cblr-2919	230	45	.	.	PUNCT
cblr-2919	231	1	74	74	NUM
cblr-2919	231	2	see	see	VERB
cblr-2919	231	3	partnoy	partnoy	NOUN
cblr-2919	231	4	,	,	PUNCT
cblr-2919	231	5	supra	supra	ADJ
cblr-2919	231	6	note	note	NOUN
cblr-2919	231	7	66	66	NUM
cblr-2919	231	8	,	,	PUNCT
cblr-2919	231	9	at	at	ADP
cblr-2919	231	10	65	65	NUM
cblr-2919	231	11	,	,	PUNCT
cblr-2919	231	12	69	69	NUM
cblr-2919	231	13	n.33	n.33	NOUN
cblr-2919	231	14	.	.	PROPN
cblr-2919	231	15	7	7	NUM
cblr-2919	232	1	i	i	PROPN
cblr-2919	232	2	d.	d.	PROPN
cblr-2919	232	3	at	at	ADP
cblr-2919	232	4	65	65	NUM
cblr-2919	232	5	.	.	PUNCT
cblr-2919	233	1	76	76	NUM
cblr-2919	234	1	i	i	PRON
cblr-2919	234	2	d.	d.	PROPN
cblr-2919	234	3	"	"	PUNCT
cblr-2919	234	4	morgenson	morgenson	PROPN
cblr-2919	234	5	,	,	PUNCT
cblr-2919	234	6	supra	supra	PROPN
cblr-2919	234	7	note	note	NOUN
cblr-2919	234	8	64	64	NUM
cblr-2919	234	9	.	.	PUNCT
cblr-2919	234	10	258	258	NUM
cblr-2919	235	1	[	[	X
cblr-2919	235	2	vol	vol	NOUN
cblr-2919	235	3	.	.	PUNCT
cblr-2919	235	4	2010	2010	NUM
cblr-2919	235	5	no	no	INTJ
cblr-2919	235	6	.	.	PUNCT
cblr-2919	236	1	1:245	1:245	NUM
cblr-2919	236	2	]	]	X
cblr-2919	236	3	mortgage	mortgage	NOUN
cblr-2919	236	4	credit	credit	NOUN
cblr-2919	236	5	ratings	rating	NOUN
cblr-2919	236	6	and	and	CCONJ
cblr-2919	236	7	financial	financial	ADJ
cblr-2919	236	8	crisis	crisis	NOUN
cblr-2919	236	9	rewards	reward	NOUN
cblr-2919	236	10	of	of	ADP
cblr-2919	236	11	a	a	DET
cblr-2919	236	12	bubble	bubble	NOUN
cblr-2919	236	13	economy	economy	NOUN
cblr-2919	236	14	.	.	PUNCT
cblr-2919	236	15	"	"	PUNCT
cblr-2919	237	1	this	this	PRON
cblr-2919	237	2	meant	mean	VERB
cblr-2919	237	3	keeping	keep	VERB
cblr-2919	237	4	the	the	DET
cblr-2919	237	5	issuers	issuer	NOUN
cblr-2919	237	6	happy	happy	ADJ
cblr-2919	237	7	.	.	PUNCT
cblr-2919	238	1	4	4	X
cblr-2919	238	2	.	.	NOUN
cblr-2919	238	3	reputation	reputation	NOUN
cblr-2919	238	4	and	and	CCONJ
cblr-2919	238	5	regulatory	regulatory	ADJ
cblr-2919	238	6	license	license	NOUN
cblr-2919	238	7	because	because	SCONJ
cblr-2919	238	8	so	so	ADV
cblr-2919	238	9	many	many	ADJ
cblr-2919	238	10	institutional	institutional	ADJ
cblr-2919	238	11	investors	investor	NOUN
cblr-2919	238	12	are	be	AUX
cblr-2919	238	13	required	require	VERB
cblr-2919	238	14	,	,	PUNCT
cblr-2919	238	15	or	or	CCONJ
cblr-2919	238	16	are	be	AUX
cblr-2919	238	17	heavily	heavily	ADV
cblr-2919	238	18	incentivized	incentivize	VERB
cblr-2919	238	19	,	,	PUNCT
cblr-2919	238	20	to	to	PART
cblr-2919	238	21	buy	buy	VERB
cblr-2919	238	22	only	only	ADV
cblr-2919	238	23	"	"	PUNCT
cblr-2919	238	24	investment	investment	NOUN
cblr-2919	238	25	grade	grade	NOUN
cblr-2919	238	26	"	"	PUNCT
cblr-2919	238	27	securities	security	NOUN
cblr-2919	238	28	,	,	PUNCT
cblr-2919	238	29	it	it	PRON
cblr-2919	238	30	is	be	AUX
cblr-2919	238	31	extremely	extremely	ADV
cblr-2919	238	32	important	important	ADJ
cblr-2919	238	33	for	for	ADP
cblr-2919	238	34	an	an	DET
cblr-2919	238	35	issuer	issuer	NOUN
cblr-2919	238	36	that	that	SCONJ
cblr-2919	238	37	its	its	PRON
cblr-2919	238	38	securities	security	NOUN
cblr-2919	238	39	achieve	achieve	VERB
cblr-2919	238	40	an	an	DET
cblr-2919	238	41	investment	investment	NOUN
cblr-2919	238	42	grade	grade	NOUN
cblr-2919	238	43	rating	rating	NOUN
cblr-2919	238	44	.	.	PUNCT
cblr-2919	238	45	"	"	PUNCT
cblr-2919	239	1	the	the	DET
cblr-2919	239	2	cras	cras	PROPN
cblr-2919	239	3	police	police	NOUN
cblr-2919	239	4	that	that	ADV
cblr-2919	239	5	boundary	boundary	ADJ
cblr-2919	239	6	in	in	ADP
cblr-2919	239	7	their	their	PRON
cblr-2919	239	8	role	role	NOUN
cblr-2919	239	9	as	as	ADP
cblr-2919	239	10	nrsros.o	nrsros.o	NOUN
cblr-2919	239	11	with	with	ADP
cblr-2919	239	12	so	so	ADV
cblr-2919	239	13	much	much	ADJ
cblr-2919	239	14	riding	riding	NOUN
cblr-2919	239	15	on	on	ADP
cblr-2919	239	16	achieving	achieve	VERB
cblr-2919	239	17	investment	investment	NOUN
cblr-2919	239	18	grade	grade	NOUN
cblr-2919	239	19	status	status	NOUN
cblr-2919	239	20	,	,	PUNCT
cblr-2919	239	21	the	the	DET
cblr-2919	239	22	nrsros	nrsro	NOUN
cblr-2919	239	23	might	might	AUX
cblr-2919	239	24	alter	alter	VERB
cblr-2919	239	25	their	their	PRON
cblr-2919	239	26	standards	standard	NOUN
cblr-2919	239	27	at	at	ADP
cblr-2919	239	28	this	this	DET
cblr-2919	239	29	boundary	boundary	NOUN
cblr-2919	239	30	.	.	PUNCT
cblr-2919	240	1	the	the	DET
cblr-2919	240	2	evidence	evidence	NOUN
cblr-2919	240	3	is	be	AUX
cblr-2919	240	4	mixed	mix	VERB
cblr-2919	240	5	as	as	ADP
cblr-2919	240	6	to	to	ADP
cblr-2919	240	7	whether	whether	SCONJ
cblr-2919	240	8	this	this	PRON
cblr-2919	240	9	really	really	ADV
cblr-2919	240	10	happens	happen	VERB
cblr-2919	240	11	with	with	ADP
cblr-2919	240	12	respect	respect	NOUN
cblr-2919	240	13	to	to	ADP
cblr-2919	240	14	corporate	corporate	ADJ
cblr-2919	240	15	bonds	bond	NOUN
cblr-2919	240	16	.	.	PUNCT
cblr-2919	241	1	a	a	DET
cblr-2919	241	2	recent	recent	ADJ
cblr-2919	241	3	study	study	NOUN
cblr-2919	241	4	says	say	VERB
cblr-2919	241	5	yes	yes	INTJ
cblr-2919	241	6	,	,	PUNCT
cblr-2919	241	7	"	"	PUNCT
cblr-2919	241	8	'	'	PUNCT
cblr-2919	241	9	while	while	SCONJ
cblr-2919	241	10	two	two	NUM
cblr-2919	241	11	other	other	ADJ
cblr-2919	241	12	studies	study	NOUN
cblr-2919	241	13	suggest	suggest	VERB
cblr-2919	241	14	no.82	no.82	PROPN
cblr-2919	241	15	regardless	regardless	ADV
cblr-2919	241	16	,	,	PUNCT
cblr-2919	241	17	the	the	DET
cblr-2919	241	18	temptation	temptation	NOUN
cblr-2919	241	19	for	for	ADP
cblr-2919	241	20	cras	cras	X
cblr-2919	241	21	to	to	PART
cblr-2919	241	22	"	"	PUNCT
cblr-2919	241	23	cheat	cheat	NOUN
cblr-2919	241	24	"	"	PUNCT
cblr-2919	241	25	will	will	AUX
cblr-2919	241	26	always	always	ADV
cblr-2919	241	27	be	be	AUX
cblr-2919	241	28	strong	strong	ADJ
cblr-2919	241	29	for	for	ADP
cblr-2919	241	30	ratings	rating	NOUN
cblr-2919	241	31	at	at	ADP
cblr-2919	241	32	the	the	DET
cblr-2919	241	33	investment	investment	NOUN
cblr-2919	241	34	grade	grade	NOUN
cblr-2919	241	35	boundary	boundary	NOUN
cblr-2919	241	36	.	.	PUNCT
cblr-2919	242	1	c.	c.	NOUN
cblr-2919	242	2	difficulty	difficulty	NOUN
cblr-2919	242	3	of	of	ADP
cblr-2919	242	4	entry	entry	NOUN
cblr-2919	242	5	notwithstanding	notwithstanding	ADP
cblr-2919	242	6	the	the	DET
cblr-2919	242	7	discussion	discussion	NOUN
cblr-2919	242	8	above	above	ADV
cblr-2919	242	9	,	,	PUNCT
cblr-2919	242	10	let	let	VERB
cblr-2919	242	11	us	we	PRON
cblr-2919	242	12	assume	assume	VERB
cblr-2919	242	13	that	that	SCONJ
cblr-2919	242	14	reputational	reputational	ADJ
cblr-2919	242	15	capital	capital	NOUN
cblr-2919	242	16	is	be	AUX
cblr-2919	242	17	important	important	ADJ
cblr-2919	242	18	to	to	ADP
cblr-2919	242	19	the	the	DET
cblr-2919	242	20	cras	cras	X
cblr-2919	242	21	.	.	PUNCT
cblr-2919	243	1	the	the	DET
cblr-2919	243	2	theory	theory	NOUN
cblr-2919	243	3	is	be	AUX
cblr-2919	243	4	then	then	ADV
cblr-2919	243	5	that	that	SCONJ
cblr-2919	243	6	the	the	DET
cblr-2919	243	7	cras	cras	PROPN
cblr-2919	243	8	compete	compete	VERB
cblr-2919	243	9	along	along	ADP
cblr-2919	243	10	the	the	DET
cblr-2919	243	11	axis	axis	NOUN
cblr-2919	243	12	of	of	ADP
cblr-2919	243	13	reputation	reputation	NOUN
cblr-2919	243	14	.	.	PUNCT
cblr-2919	243	15	"	"	PUNCT
cblr-2919	244	1	reputational	reputational	ADJ
cblr-2919	244	2	capital	capital	NOUN
cblr-2919	244	3	competition	competition	NOUN
cblr-2919	244	4	forces	force	VERB
cblr-2919	244	5	the	the	DET
cblr-2919	244	6	cras	cras	PROPN
cblr-2919	244	7	to	to	PART
cblr-2919	244	8	maintain	maintain	VERB
cblr-2919	244	9	and	and	CCONJ
cblr-2919	244	10	improve	improve	VERB
cblr-2919	244	11	their	their	PRON
cblr-2919	244	12	ratings	rating	NOUN
cblr-2919	244	13	;	;	PUNCT
cblr-2919	244	14	otherwise	otherwise	ADV
cblr-2919	244	15	their	their	PRON
cblr-2919	244	16	reputation	reputation	NOUN
cblr-2919	244	17	declines	decline	VERB
cblr-2919	244	18	and	and	CCONJ
cblr-2919	244	19	investors	investor	NOUN
cblr-2919	244	20	discount	discount	VERB
cblr-2919	244	21	the	the	DET
cblr-2919	244	22	quality	quality	NOUN
cblr-2919	244	23	of	of	ADP
cblr-2919	244	24	7	7	NUM
cblr-2919	244	25	see	see	VERB
cblr-2919	244	26	generally	generally	ADV
cblr-2919	244	27	coffee	coffee	NOUN
cblr-2919	244	28	,	,	PUNCT
cblr-2919	244	29	supra	supra	PROPN
cblr-2919	244	30	note	note	NOUN
cblr-2919	244	31	34	34	NUM
cblr-2919	244	32	.	.	PUNCT
cblr-2919	245	1	*	*	PUNCT
cblr-2919	245	2	dion	dion	NOUN
cblr-2919	245	3	bongaerts	bongaert	NOUN
cblr-2919	245	4	,	,	PUNCT
cblr-2919	245	5	k.j	k.j	PROPN
cblr-2919	245	6	.	.	PROPN
cblr-2919	246	1	martijn	martijn	PROPN
cblr-2919	246	2	cremers	cremers	PROPN
cblr-2919	246	3	&	&	CCONJ
cblr-2919	246	4	william	william	PROPN
cblr-2919	246	5	goetzmann	goetzmann	PROPN
cblr-2919	246	6	,	,	PUNCT
cblr-2919	246	7	tiebreaker	tiebreaker	NOUN
cblr-2919	246	8	:	:	PUNCT
cblr-2919	246	9	certification	certification	NOUN
cblr-2919	246	10	and	and	CCONJ
cblr-2919	246	11	multiple	multiple	ADJ
cblr-2919	246	12	credit	credit	NOUN
cblr-2919	246	13	ratings	rating	NOUN
cblr-2919	246	14	2	2	NUM
cblr-2919	246	15	(	(	PUNCT
cblr-2919	246	16	yale	yale	PROPN
cblr-2919	246	17	icf	icf	PROPN
cblr-2919	246	18	working	working	PROPN
cblr-2919	246	19	paper	paper	PROPN
cblr-2919	246	20	no	no	INTJ
cblr-2919	246	21	.	.	PROPN
cblr-2919	246	22	08	08	NUM
cblr-2919	246	23	-	-	SYM
cblr-2919	246	24	27	27	NUM
cblr-2919	246	25	,	,	PUNCT
cblr-2919	246	26	2009	2009	NUM
cblr-2919	246	27	)	)	PUNCT
cblr-2919	246	28	,	,	PUNCT
cblr-2919	246	29	available	available	ADJ
cblr-2919	246	30	at	at	ADP
cblr-2919	246	31	http://ssrn.com/abstract=1307782	http://ssrn.com/abstract=1307782	NOUN
cblr-2919	246	32	(	(	PUNCT
cblr-2919	246	33	finding	find	VERB
cblr-2919	246	34	that	that	SCONJ
cblr-2919	246	35	it	it	PRON
cblr-2919	246	36	accounts	account	VERB
cblr-2919	246	37	for	for	ADP
cblr-2919	246	38	a	a	DET
cblr-2919	246	39	45	45	NUM
cblr-2919	246	40	basis	basis	NOUN
cblr-2919	246	41	-	-	PUNCT
cblr-2919	246	42	point	point	NOUN
cblr-2919	246	43	difference	difference	NOUN
cblr-2919	246	44	in	in	ADP
cblr-2919	246	45	yield	yield	NOUN
cblr-2919	246	46	)	)	PUNCT
cblr-2919	246	47	.	.	PUNCT
cblr-2919	247	1	8o	8o	PROPN
cblr-2919	247	2	see	see	VERB
cblr-2919	247	3	supra	supra	PROPN
cblr-2919	247	4	part	part	PROPN
cblr-2919	247	5	ii.b	ii.b	PROPN
cblr-2919	247	6	.	.	PUNCT
cblr-2919	248	1	s	s	PART
cblr-2919	248	2	bo	bo	PROPN
cblr-2919	248	3	becker	becker	PROPN
cblr-2919	248	4	&	&	CCONJ
cblr-2919	248	5	todd	todd	PROPN
cblr-2919	248	6	milbourn	milbourn	PROPN
cblr-2919	248	7	,	,	PUNCT
cblr-2919	248	8	reputation	reputation	NOUN
cblr-2919	248	9	and	and	CCONJ
cblr-2919	248	10	competition	competition	NOUN
cblr-2919	248	11	:	:	PUNCT
cblr-2919	248	12	evidence	evidence	NOUN
cblr-2919	248	13	from	from	ADP
cblr-2919	248	14	the	the	DET
cblr-2919	248	15	credit	credit	NOUN
cblr-2919	248	16	rating	rating	NOUN
cblr-2919	248	17	industry	industry	NOUN
cblr-2919	248	18	6	6	NUM
cblr-2919	248	19	(	(	PUNCT
cblr-2919	248	20	harv	harv	NOUN
cblr-2919	248	21	.	.	PUNCT
cblr-2919	249	1	bus	bus	NOUN
cblr-2919	249	2	.	.	PUNCT
cblr-2919	250	1	sch	sch	INTJ
cblr-2919	250	2	.	.	PUNCT
cblr-2919	251	1	working	work	VERB
cblr-2919	251	2	paper	paper	NOUN
cblr-2919	251	3	09	09	NUM
cblr-2919	251	4	-	-	SYM
cblr-2919	251	5	051	051	NUM
cblr-2919	251	6	,	,	PUNCT
cblr-2919	251	7	2009	2009	NUM
cblr-2919	251	8	)	)	PUNCT
cblr-2919	251	9	,	,	PUNCT
cblr-2919	251	10	available	available	ADJ
cblr-2919	251	11	at	at	ADP
cblr-2919	251	12	http://ssrn.com/abstract=1278150	http://ssrn.com/abstract=1278150	PROPN
cblr-2919	251	13	.	.	PUNCT
cblr-2919	252	1	82	82	NUM
cblr-2919	252	2	bongaerts	bongaert	NOUN
cblr-2919	252	3	et	et	PROPN
cblr-2919	252	4	al	al	PROPN
cblr-2919	252	5	.	.	PROPN
cblr-2919	252	6	,	,	PUNCT
cblr-2919	252	7	supra	supra	PROPN
cblr-2919	252	8	note	note	PROPN
cblr-2919	252	9	79	79	NUM
cblr-2919	252	10	,	,	PUNCT
cblr-2919	252	11	at	at	ADP
cblr-2919	252	12	27	27	NUM
cblr-2919	252	13	;	;	PUNCT
cblr-2919	252	14	daniel	daniel	PROPN
cblr-2919	252	15	m.	m.	PROPN
cblr-2919	252	16	covitz	covitz	PROPN
cblr-2919	252	17	&	&	CCONJ
cblr-2919	252	18	paul	paul	PROPN
cblr-2919	252	19	harrison	harrison	PROPN
cblr-2919	252	20	,	,	PUNCT
cblr-2919	252	21	testing	testing	NOUN
cblr-2919	252	22	conflicts	conflict	NOUN
cblr-2919	252	23	of	of	ADP
cblr-2919	252	24	interest	interest	NOUN
cblr-2919	252	25	at	at	ADP
cblr-2919	252	26	bond	bond	NOUN
cblr-2919	252	27	ratings	rating	NOUN
cblr-2919	252	28	agencies	agency	NOUN
cblr-2919	252	29	with	with	ADP
cblr-2919	252	30	market	market	NOUN
cblr-2919	252	31	anticipation	anticipation	NOUN
cblr-2919	252	32	:	:	PUNCT
cblr-2919	252	33	evidence	evidence	NOUN
cblr-2919	252	34	that	that	SCONJ
cblr-2919	252	35	reputation	reputation	NOUN
cblr-2919	252	36	incentives	incentive	VERB
cblr-2919	252	37	dominate	dominate	VERB
cblr-2919	252	38	4	4	NUM
cblr-2919	252	39	-	-	SYM
cblr-2919	252	40	6	6	NUM
cblr-2919	252	41	(	(	PUNCT
cblr-2919	252	42	feds	fed	NOUN
cblr-2919	252	43	working	working	NOUN
cblr-2919	252	44	paper	paper	NOUN
cblr-2919	252	45	no	no	NOUN
cblr-2919	252	46	.	.	PROPN
cblr-2919	252	47	2003	2003	NUM
cblr-2919	252	48	-	-	SYM
cblr-2919	252	49	68	68	NUM
cblr-2919	252	50	,	,	PUNCT
cblr-2919	252	51	2003	2003	NUM
cblr-2919	252	52	)	)	PUNCT
cblr-2919	252	53	,	,	PUNCT
cblr-2919	252	54	available	available	ADJ
cblr-2919	252	55	at	at	ADP
cblr-2919	252	56	www.federalres	www.federalre	NOUN
cblr-2919	252	57	erve.gov/pubs/feds/2003/200368/200368pap.pdf	erve.gov/pubs/feds/2003/200368/200368pap.pdf	PROPN
cblr-2919	252	58	.	.	PUNCT
cblr-2919	252	59	"	"	PUNCT
cblr-2919	253	1	see	see	VERB
cblr-2919	253	2	,	,	PUNCT
cblr-2919	253	3	e.g.	e.g.	ADV
cblr-2919	253	4	,	,	PUNCT
cblr-2919	253	5	hill	hill	NOUN
cblr-2919	253	6	,	,	PUNCT
cblr-2919	253	7	supra	supra	PROPN
cblr-2919	253	8	note	note	PROPN
cblr-2919	253	9	12	12	NUM
cblr-2919	253	10	,	,	PUNCT
cblr-2919	253	11	at	at	ADP
cblr-2919	253	12	45	45	NUM
cblr-2919	253	13	.	.	PUNCT
cblr-2919	254	1	259	259	NUM
cblr-2919	254	2	columbia	columbia	PROPN
cblr-2919	254	3	business	business	NOUN
cblr-2919	254	4	law	law	PROPN
cblr-2919	254	5	review	review	VERB
cblr-2919	254	6	their	their	PRON
cblr-2919	254	7	ratings	rating	NOUN
cblr-2919	254	8	.	.	PUNCT
cblr-2919	254	9	"	"	PUNCT
cblr-2919	255	1	uncertainty	uncertainty	NOUN
cblr-2919	255	2	about	about	ADP
cblr-2919	255	3	ratings	rating	NOUN
cblr-2919	255	4	would	would	AUX
cblr-2919	255	5	lower	lower	VERB
cblr-2919	255	6	the	the	DET
cblr-2919	255	7	price	price	NOUN
cblr-2919	255	8	of	of	ADP
cblr-2919	255	9	the	the	DET
cblr-2919	255	10	rated	rate	VERB
cblr-2919	255	11	securities	security	NOUN
cblr-2919	255	12	,	,	PUNCT
cblr-2919	255	13	thus	thus	ADV
cblr-2919	255	14	motivating	motivate	VERB
cblr-2919	255	15	issuers	issuer	NOUN
cblr-2919	255	16	to	to	PART
cblr-2919	255	17	seek	seek	VERB
cblr-2919	255	18	out	out	ADP
cblr-2919	255	19	cras	cras	X
cblr-2919	255	20	with	with	ADP
cblr-2919	255	21	better	well	ADJ
cblr-2919	255	22	reputations	reputation	NOUN
cblr-2919	255	23	.	.	PUNCT
cblr-2919	255	24	"	"	PUNCT
cblr-2919	256	1	however	however	ADV
cblr-2919	256	2	,	,	PUNCT
cblr-2919	256	3	even	even	ADV
cblr-2919	256	4	if	if	SCONJ
cblr-2919	256	5	reputation	reputation	NOUN
cblr-2919	256	6	among	among	ADP
cblr-2919	256	7	investors	investor	NOUN
cblr-2919	256	8	could	could	AUX
cblr-2919	256	9	serve	serve	VERB
cblr-2919	256	10	as	as	ADP
cblr-2919	256	11	an	an	DET
cblr-2919	256	12	axis	axis	NOUN
cblr-2919	256	13	along	along	ADP
cblr-2919	256	14	which	which	PRON
cblr-2919	256	15	cras	cras	PROPN
cblr-2919	256	16	compete	compete	PROPN
cblr-2919	256	17	,	,	PUNCT
cblr-2919	256	18	the	the	DET
cblr-2919	256	19	oligopolistic	oligopolistic	ADJ
cblr-2919	256	20	industrial	industrial	ADJ
cblr-2919	256	21	structure	structure	NOUN
cblr-2919	256	22	of	of	ADP
cblr-2919	256	23	the	the	DET
cblr-2919	256	24	cra	cra	PROPN
cblr-2919	256	25	industry	industry	NOUN
cblr-2919	256	26	would	would	AUX
cblr-2919	256	27	limit	limit	VERB
cblr-2919	256	28	its	its	PRON
cblr-2919	256	29	significance	significance	NOUN
cblr-2919	256	30	.	.	PUNCT
cblr-2919	257	1	there	there	PRON
cblr-2919	257	2	is	be	VERB
cblr-2919	257	3	a	a	DET
cblr-2919	257	4	two	two	NUM
cblr-2919	257	5	-	-	PUNCT
cblr-2919	257	6	rating	rating	NOUN
cblr-2919	257	7	norm	norm	NOUN
cblr-2919	257	8	for	for	ADP
cblr-2919	257	9	securities	security	NOUN
cblr-2919	257	10	,	,	PUNCT
cblr-2919	257	11	so	so	SCONJ
cblr-2919	257	12	three	three	NUM
cblr-2919	257	13	competitors	competitor	NOUN
cblr-2919	257	14	are	be	AUX
cblr-2919	257	15	needed	need	VERB
cblr-2919	257	16	to	to	PART
cblr-2919	257	17	avert	avert	VERB
cblr-2919	257	18	a	a	DET
cblr-2919	257	19	"	"	PUNCT
cblr-2919	257	20	partner	partner	NOUN
cblr-2919	257	21	monopoly	monopoly	NOUN
cblr-2919	257	22	.	.	PUNCT
cblr-2919	258	1	"86	"86	PUNCT
cblr-2919	258	2	the	the	DET
cblr-2919	258	3	cra	cra	PROPN
cblr-2919	258	4	industry	industry	NOUN
cblr-2919	258	5	has	have	AUX
cblr-2919	258	6	barely	barely	ADV
cblr-2919	258	7	avoided	avoid	VERB
cblr-2919	258	8	a	a	DET
cblr-2919	258	9	partner	partner	NOUN
cblr-2919	258	10	monopolythere	monopolythere	ADV
cblr-2919	258	11	are	be	AUX
cblr-2919	258	12	three	three	NUM
cblr-2919	258	13	competitors	competitor	NOUN
cblr-2919	258	14	,	,	PUNCT
cblr-2919	258	15	moody	moody	PROPN
cblr-2919	258	16	's	's	PART
cblr-2919	258	17	,	,	PUNCT
cblr-2919	258	18	s&p	s&p	PROPN
cblr-2919	258	19	,	,	PUNCT
cblr-2919	258	20	and	and	CCONJ
cblr-2919	258	21	fitch	fitch	PROPN
cblr-2919	258	22	,	,	PUNCT
cblr-2919	258	23	which	which	PRON
cblr-2919	258	24	account	account	VERB
cblr-2919	258	25	for	for	ADP
cblr-2919	258	26	more	more	ADJ
cblr-2919	258	27	than	than	ADP
cblr-2919	258	28	98	98	NUM
cblr-2919	258	29	%	%	NOUN
cblr-2919	258	30	of	of	ADP
cblr-2919	258	31	all	all	DET
cblr-2919	258	32	ratings	rating	NOUN
cblr-2919	258	33	.	.	PUNCT
cblr-2919	259	1	in	in	ADP
cblr-2919	259	2	the	the	DET
cblr-2919	259	3	plainvanilla	plainvanilla	NOUN
cblr-2919	259	4	rating	rating	NOUN
cblr-2919	259	5	industry	industry	NOUN
cblr-2919	259	6	,	,	PUNCT
cblr-2919	259	7	with	with	ADP
cblr-2919	259	8	changes	change	NOUN
cblr-2919	259	9	to	to	ADP
cblr-2919	259	10	the	the	DET
cblr-2919	259	11	sec	sec	PROPN
cblr-2919	259	12	's	's	PART
cblr-2919	259	13	nrsro	nrsro	ADJ
cblr-2919	259	14	rules	rule	NOUN
cblr-2919	259	15	,	,	PUNCT
cblr-2919	259	16	there	there	PRON
cblr-2919	259	17	is	be	VERB
cblr-2919	259	18	a	a	DET
cblr-2919	259	19	chance	chance	NOUN
cblr-2919	259	20	of	of	ADP
cblr-2919	259	21	more	more	ADJ
cblr-2919	259	22	competition	competition	NOUN
cblr-2919	259	23	.	.	PUNCT
cblr-2919	259	24	"	"	PUNCT
cblr-2919	260	1	in	in	ADP
cblr-2919	260	2	the	the	DET
cblr-2919	260	3	insurance	insurance	NOUN
cblr-2919	260	4	industry	industry	NOUN
cblr-2919	260	5	,	,	PUNCT
cblr-2919	260	6	for	for	ADP
cblr-2919	260	7	example	example	NOUN
cblr-2919	260	8	,	,	PUNCT
cblr-2919	260	9	a.m.	a.m.	PROPN
cblr-2919	260	10	best	good	ADJ
cblr-2919	260	11	accounts	account	VERB
cblr-2919	260	12	for	for	ADP
cblr-2919	260	13	about	about	ADV
cblr-2919	260	14	25	25	NUM
cblr-2919	260	15	%	%	NOUN
cblr-2919	260	16	of	of	ADP
cblr-2919	260	17	all	all	DET
cblr-2919	260	18	ratings	rating	NOUN
cblr-2919	260	19	.	.	PUNCT
cblr-2919	260	20	"	"	PUNCT
cblr-2919	261	1	however	however	ADV
cblr-2919	261	2	,	,	PUNCT
cblr-2919	261	3	for	for	ADP
cblr-2919	261	4	asset	asset	NOUN
cblr-2919	261	5	-	-	PUNCT
cblr-2919	261	6	backed	back	VERB
cblr-2919	261	7	securities	security	NOUN
cblr-2919	261	8	ratings	rating	NOUN
cblr-2919	261	9	,	,	PUNCT
cblr-2919	261	10	which	which	PRON
cblr-2919	261	11	include	include	VERB
cblr-2919	261	12	rmbs	rmb	NOUN
cblr-2919	261	13	and	and	CCONJ
cblr-2919	261	14	r	r	NOUN
cblr-2919	261	15	-	-	PUNCT
cblr-2919	261	16	cdos	cdo	NOUN
cblr-2919	261	17	,	,	PUNCT
cblr-2919	261	18	the	the	DET
cblr-2919	261	19	big	big	ADJ
cblr-2919	261	20	three	three	NUM
cblr-2919	261	21	are	be	AUX
cblr-2919	261	22	responsible	responsible	ADJ
cblr-2919	261	23	for	for	ADP
cblr-2919	261	24	almost	almost	ADV
cblr-2919	261	25	98	98	NUM
cblr-2919	261	26	%	%	NOUN
cblr-2919	261	27	of	of	ADP
cblr-2919	261	28	all	all	DET
cblr-2919	261	29	ratings.90	ratings.90	NOUN
cblr-2919	261	30	competition	competition	NOUN
cblr-2919	261	31	in	in	ADP
cblr-2919	261	32	this	this	DET
cblr-2919	261	33	class	class	NOUN
cblr-2919	261	34	of	of	ADP
cblr-2919	261	35	securities	security	NOUN
cblr-2919	261	36	,	,	PUNCT
cblr-2919	261	37	as	as	SCONJ
cblr-2919	261	38	opposed	oppose	VERB
cblr-2919	261	39	to	to	ADP
cblr-2919	261	40	other	other	ADJ
cblr-2919	261	41	classes	class	NOUN
cblr-2919	261	42	of	of	ADP
cblr-2919	261	43	securities	security	NOUN
cblr-2919	261	44	,	,	PUNCT
cblr-2919	261	45	is	be	AUX
cblr-2919	261	46	probably	probably	ADV
cblr-2919	261	47	less	less	ADV
cblr-2919	261	48	likely	likely	ADJ
cblr-2919	261	49	for	for	ADP
cblr-2919	261	50	the	the	DET
cblr-2919	261	51	following	follow	VERB
cblr-2919	261	52	reasons	reason	NOUN
cblr-2919	261	53	.	.	PUNCT
cblr-2919	262	1	1	1	X
cblr-2919	262	2	.	.	X
cblr-2919	262	3	regulatory	regulatory	ADJ
cblr-2919	262	4	barrier	barrier	NOUN
cblr-2919	262	5	until	until	ADP
cblr-2919	262	6	recently	recently	ADV
cblr-2919	262	7	,	,	PUNCT
cblr-2919	262	8	the	the	DET
cblr-2919	262	9	sec	sec	PROPN
cblr-2919	262	10	aided	aid	VERB
cblr-2919	262	11	the	the	DET
cblr-2919	262	12	cra	cra	PROPN
cblr-2919	262	13	's	's	PART
cblr-2919	262	14	oligopoly	oligopoly	NOUN
cblr-2919	262	15	by	by	ADP
cblr-2919	262	16	withholding	withhold	VERB
cblr-2919	262	17	nrsro	nrsro	ADJ
cblr-2919	262	18	designations	designation	NOUN
cblr-2919	262	19	.	.	PUNCT
cblr-2919	262	20	"	"	PUNCT
cblr-2919	263	1	per	per	ADP
cblr-2919	263	2	the	the	DET
cblr-2919	263	3	2006	2006	NUM
cblr-2919	263	4	cra	cra	PROPN
cblr-2919	263	5	reform	reform	PROPN
cblr-2919	263	6	act	act	PROPN
cblr-2919	263	7	mandate	mandate	NOUN
cblr-2919	263	8	,	,	PUNCT
cblr-2919	263	9	the	the	DET
cblr-2919	263	10	sec	sec	PROPN
cblr-2919	263	11	has	have	AUX
cblr-2919	263	12	increased	increase	VERB
cblr-2919	263	13	the	the	DET
cblr-2919	263	14	number	number	NOUN
cblr-2919	263	15	of	of	ADP
cblr-2919	263	16	nrsros	nrsro	NOUN
cblr-2919	263	17	to	to	ADP
cblr-2919	263	18	ten.92	ten.92	PRON
cblr-2919	263	19	although	although	SCONJ
cblr-2919	263	20	the	the	DET
cblr-2919	263	21	regulatory	regulatory	ADJ
cblr-2919	263	22	burden	burden	NOUN
cblr-2919	263	23	has	have	AUX
cblr-2919	263	24	now	now	ADV
cblr-2919	263	25	been	be	AUX
cblr-2919	263	26	lifted	lift	VERB
cblr-2919	263	27	,	,	PUNCT
cblr-2919	263	28	economic	economic	ADJ
cblr-2919	263	29	factors	factor	NOUN
cblr-2919	263	30	create	create	VERB
cblr-2919	263	31	as	as	ADP
cblr-2919	263	32	effective	effective	ADJ
cblr-2919	263	33	a	a	DET
cblr-2919	263	34	burden	burden	NOUN
cblr-2919	263	35	as	as	ADP
cblr-2919	263	36	regulations	regulation	NOUN
cblr-2919	263	37	.	.	PUNCT
cblr-2919	264	1	8	8	NUM
cblr-2919	264	2	see	see	VERB
cblr-2919	264	3	i	i	PRON
cblr-2919	264	4	d.	d.	PROPN
cblr-2919	264	5	at	at	ADP
cblr-2919	264	6	50	50	NUM
cblr-2919	264	7	-	-	SYM
cblr-2919	264	8	51	51	NUM
cblr-2919	264	9	.	.	NOUN
cblr-2919	264	10	85	85	NUM
cblr-2919	264	11	see	see	VERB
cblr-2919	265	1	i	i	PRON
cblr-2919	265	2	d.	d.	PROPN
cblr-2919	265	3	*	*	PUNCT
cblr-2919	265	4	mason	mason	PROPN
cblr-2919	265	5	&	&	CCONJ
cblr-2919	265	6	rosner	rosner	PROPN
cblr-2919	265	7	,	,	PUNCT
cblr-2919	265	8	supra	supra	PROPN
cblr-2919	265	9	note	note	PROPN
cblr-2919	265	10	20	20	NUM
cblr-2919	265	11	,	,	PUNCT
cblr-2919	265	12	at	at	ADP
cblr-2919	265	13	9	9	NUM
cblr-2919	265	14	.	.	PUNCT
cblr-2919	266	1	m	m	VERB
cblr-2919	266	2	nrsro	nrsro	ADJ
cblr-2919	266	3	report	report	NOUN
cblr-2919	266	4	,	,	PUNCT
cblr-2919	266	5	supra	supra	PROPN
cblr-2919	266	6	note	note	PROPN
cblr-2919	266	7	36	36	NUM
cblr-2919	266	8	,	,	PUNCT
cblr-2919	266	9	at	at	ADP
cblr-2919	266	10	35	35	NUM
cblr-2919	266	11	.	.	PUNCT
cblr-2919	267	1	*	*	PUNCT
cblr-2919	267	2	see	see	VERB
cblr-2919	267	3	coffee	coffee	NOUN
cblr-2919	267	4	,	,	PUNCT
cblr-2919	267	5	supra	supra	PROPN
cblr-2919	267	6	note	note	NOUN
cblr-2919	267	7	34	34	NUM
cblr-2919	267	8	,	,	PUNCT
cblr-2919	267	9	at	at	ADP
cblr-2919	267	10	291	291	NUM
cblr-2919	267	11	-	-	SYM
cblr-2919	267	12	92	92	NUM
cblr-2919	267	13	.	.	NOUN
cblr-2919	267	14	8	8	NUM
cblr-2919	267	15	nrsro	nrsro	ADJ
cblr-2919	267	16	report	report	NOUN
cblr-2919	267	17	,	,	PUNCT
cblr-2919	267	18	supra	supra	PROPN
cblr-2919	267	19	note	note	PROPN
cblr-2919	267	20	36	36	NUM
cblr-2919	267	21	,	,	PUNCT
cblr-2919	267	22	at	at	ADP
cblr-2919	267	23	35	35	NUM
cblr-2919	267	24	.	.	PUNCT
cblr-2919	268	1	90	90	NUM
cblr-2919	269	1	i	i	PRON
cblr-2919	269	2	d.	d.	PROPN
cblr-2919	269	3	at	at	ADP
cblr-2919	269	4	36	36	NUM
cblr-2919	269	5	.	.	PUNCT
cblr-2919	270	1	91	91	NUM
cblr-2919	270	2	coffee	coffee	NOUN
cblr-2919	270	3	,	,	PUNCT
cblr-2919	270	4	supra	supra	PROPN
cblr-2919	270	5	note	note	NOUN
cblr-2919	270	6	34	34	NUM
cblr-2919	270	7	,	,	PUNCT
cblr-2919	270	8	at	at	ADP
cblr-2919	270	9	291	291	NUM
cblr-2919	270	10	.	.	PUNCT
cblr-2919	271	1	a	a	DET
cblr-2919	271	2	comprehensive	comprehensive	ADJ
cblr-2919	271	3	history	history	NOUN
cblr-2919	271	4	of	of	ADP
cblr-2919	271	5	the	the	DET
cblr-2919	271	6	nrsro	nrsro	ADJ
cblr-2919	271	7	designation	designation	NOUN
cblr-2919	271	8	process	process	NOUN
cblr-2919	271	9	is	be	AUX
cblr-2919	271	10	beyond	beyond	ADP
cblr-2919	271	11	the	the	DET
cblr-2919	271	12	scope	scope	NOUN
cblr-2919	271	13	of	of	ADP
cblr-2919	271	14	this	this	DET
cblr-2919	271	15	note	note	NOUN
cblr-2919	271	16	.	.	PUNCT
cblr-2919	272	1	9	9	NUM
cblr-2919	272	2	nrsro	nrsro	ADJ
cblr-2919	272	3	report	report	NOUN
cblr-2919	272	4	,	,	PUNCT
cblr-2919	272	5	supra	supra	PROPN
cblr-2919	272	6	note	note	PROPN
cblr-2919	272	7	36	36	NUM
cblr-2919	272	8	,	,	PUNCT
cblr-2919	272	9	at	at	ADP
cblr-2919	272	10	1	1	NUM
cblr-2919	272	11	,	,	PUNCT
cblr-2919	272	12	34	34	NUM
cblr-2919	272	13	.	.	NOUN
cblr-2919	272	14	260	260	NUM
cblr-2919	272	15	[	[	X
cblr-2919	272	16	vol	vol	NOUN
cblr-2919	272	17	.	.	PUNCT
cblr-2919	272	18	2010	2010	NUM
cblr-2919	272	19	no	no	INTJ
cblr-2919	272	20	.	.	PUNCT
cblr-2919	273	1	1:245	1:245	NUM
cblr-2919	273	2	]	]	X
cblr-2919	273	3	mortgage	mortgage	NOUN
cblr-2919	273	4	credit	credit	NOUN
cblr-2919	273	5	ratings	rating	NOUN
cblr-2919	273	6	and	and	CCONJ
cblr-2919	273	7	financial	financial	ADJ
cblr-2919	273	8	crisis	crisis	NOUN
cblr-2919	273	9	2	2	NUM
cblr-2919	273	10	.	.	PUNCT
cblr-2919	273	11	economic	economic	ADJ
cblr-2919	273	12	barriers	barrier	NOUN
cblr-2919	273	13	first	first	ADV
cblr-2919	273	14	,	,	PUNCT
cblr-2919	273	15	for	for	ADP
cblr-2919	273	16	rmbss	rmbss	NOUN
cblr-2919	273	17	and	and	CCONJ
cblr-2919	273	18	r	r	NOUN
cblr-2919	273	19	-	-	PUNCT
cblr-2919	273	20	cdos	cdo	NOUN
cblr-2919	274	1	,	,	PUNCT
cblr-2919	274	2	there	there	PRON
cblr-2919	274	3	is	be	VERB
cblr-2919	274	4	less	less	ADJ
cblr-2919	274	5	opportunity	opportunity	NOUN
cblr-2919	274	6	for	for	ADP
cblr-2919	274	7	an	an	DET
cblr-2919	274	8	entrant	entrant	NOUN
cblr-2919	274	9	to	to	PART
cblr-2919	274	10	establish	establish	VERB
cblr-2919	274	11	a	a	DET
cblr-2919	274	12	reputation	reputation	NOUN
cblr-2919	274	13	.	.	PUNCT
cblr-2919	275	1	for	for	ADP
cblr-2919	275	2	ordinary	ordinary	ADJ
cblr-2919	275	3	corporate	corporate	ADJ
cblr-2919	275	4	bonds	bond	NOUN
cblr-2919	275	5	,	,	PUNCT
cblr-2919	275	6	the	the	DET
cblr-2919	275	7	market	market	NOUN
cblr-2919	275	8	can	can	AUX
cblr-2919	275	9	serve	serve	VERB
cblr-2919	275	10	as	as	ADP
cblr-2919	275	11	a	a	DET
cblr-2919	275	12	second	second	ADJ
cblr-2919	275	13	rater	rater	NOUN
cblr-2919	275	14	of	of	ADP
cblr-2919	275	15	the	the	DET
cblr-2919	275	16	security	security	NOUN
cblr-2919	275	17	since	since	SCONJ
cblr-2919	275	18	much	much	ADJ
cblr-2919	275	19	of	of	ADP
cblr-2919	275	20	the	the	DET
cblr-2919	275	21	information	information	NOUN
cblr-2919	275	22	that	that	PRON
cblr-2919	275	23	a	a	DET
cblr-2919	275	24	cra	cra	PROPN
cblr-2919	275	25	uses	use	VERB
cblr-2919	275	26	to	to	PART
cblr-2919	275	27	rate	rate	VERB
cblr-2919	275	28	a	a	DET
cblr-2919	275	29	corporate	corporate	ADJ
cblr-2919	275	30	bond	bond	NOUN
cblr-2919	275	31	is	be	AUX
cblr-2919	275	32	in	in	ADP
cblr-2919	275	33	public	public	ADJ
cblr-2919	275	34	filings	filing	NOUN
cblr-2919	275	35	.	.	PUNCT
cblr-2919	275	36	"	"	PUNCT
cblr-2919	276	1	however	however	ADV
cblr-2919	276	2	,	,	PUNCT
cblr-2919	276	3	investors	investor	NOUN
cblr-2919	276	4	of	of	ADP
cblr-2919	276	5	rmbss	rmbss	NOUN
cblr-2919	276	6	and	and	CCONJ
cblr-2919	276	7	r	r	NOUN
cblr-2919	276	8	-	-	PUNCT
cblr-2919	276	9	cdos	cdo	NOUN
cblr-2919	276	10	have	have	VERB
cblr-2919	276	11	no	no	DET
cblr-2919	276	12	other	other	ADJ
cblr-2919	276	13	mechanism	mechanism	NOUN
cblr-2919	276	14	to	to	PART
cblr-2919	276	15	judge	judge	VERB
cblr-2919	276	16	cra	cra	PROPN
cblr-2919	276	17	performance	performance	NOUN
cblr-2919	276	18	and	and	CCONJ
cblr-2919	276	19	are	be	AUX
cblr-2919	276	20	therefore	therefore	ADV
cblr-2919	276	21	comparatively	comparatively	ADV
cblr-2919	276	22	more	more	ADV
cblr-2919	276	23	dependent	dependent	ADJ
cblr-2919	276	24	on	on	ADP
cblr-2919	276	25	the	the	DET
cblr-2919	276	26	cra.94	cra.94	PROPN
cblr-2919	276	27	this	this	PRON
cblr-2919	276	28	means	mean	VERB
cblr-2919	276	29	a	a	DET
cblr-2919	276	30	competitor	competitor	NOUN
cblr-2919	276	31	cra	cra	PROPN
cblr-2919	276	32	would	would	AUX
cblr-2919	276	33	have	have	VERB
cblr-2919	276	34	a	a	DET
cblr-2919	276	35	much	much	ADV
cblr-2919	276	36	harder	hard	ADJ
cblr-2919	276	37	time	time	NOUN
cblr-2919	276	38	entering	enter	VERB
cblr-2919	276	39	the	the	DET
cblr-2919	276	40	market	market	NOUN
cblr-2919	276	41	for	for	ADP
cblr-2919	276	42	rating	rating	NOUN
cblr-2919	276	43	rmbss	rmbss	NOUN
cblr-2919	276	44	and	and	CCONJ
cblr-2919	276	45	r	r	NOUN
cblr-2919	276	46	-	-	PUNCT
cblr-2919	276	47	cdos	cdo	NOUN
cblr-2919	276	48	because	because	SCONJ
cblr-2919	276	49	investors	investor	NOUN
cblr-2919	276	50	can	can	AUX
cblr-2919	276	51	only	only	ADV
cblr-2919	276	52	ascertain	ascertain	VERB
cblr-2919	276	53	reputation	reputation	NOUN
cblr-2919	276	54	,	,	PUNCT
cblr-2919	276	55	and	and	CCONJ
cblr-2919	276	56	not	not	PART
cblr-2919	276	57	performance	performance	NOUN
cblr-2919	276	58	(	(	PUNCT
cblr-2919	276	59	unlike	unlike	ADP
cblr-2919	276	60	ratings	rating	NOUN
cblr-2919	276	61	for	for	ADP
cblr-2919	276	62	corporate	corporate	ADJ
cblr-2919	276	63	bonds	bond	NOUN
cblr-2919	276	64	)	)	PUNCT
cblr-2919	276	65	,	,	PUNCT
cblr-2919	276	66	during	during	ADP
cblr-2919	276	67	a	a	DET
cblr-2919	276	68	rmbs	rmb	NOUN
cblr-2919	276	69	and	and	CCONJ
cblr-2919	276	70	r	r	NOUN
cblr-2919	276	71	-	-	PUNCT
cblr-2919	276	72	cdo	cdo	ADJ
cblr-2919	276	73	rater	rater	NOUN
cblr-2919	276	74	's	's	PART
cblr-2919	276	75	early	early	ADJ
cblr-2919	276	76	years	year	NOUN
cblr-2919	276	77	of	of	ADP
cblr-2919	276	78	existence	existence	NOUN
cblr-2919	276	79	.	.	PUNCT
cblr-2919	276	80	"	"	PUNCT
cblr-2919	277	1	second	second	ADJ
cblr-2919	277	2	,	,	PUNCT
cblr-2919	277	3	ratings	rating	NOUN
cblr-2919	277	4	on	on	ADP
cblr-2919	277	5	regular	regular	ADJ
cblr-2919	277	6	bonds	bond	NOUN
cblr-2919	277	7	reflect	reflect	VERB
cblr-2919	277	8	the	the	DET
cblr-2919	277	9	idiosyncratic	idiosyncratic	ADJ
cblr-2919	277	10	risks	risk	NOUN
cblr-2919	277	11	of	of	ADP
cblr-2919	277	12	the	the	DET
cblr-2919	277	13	asset	asset	NOUN
cblr-2919	277	14	.	.	PUNCT
cblr-2919	278	1	thus	thus	ADV
cblr-2919	278	2	,	,	PUNCT
cblr-2919	278	3	a	a	DET
cblr-2919	278	4	cra	cra	PROPN
cblr-2919	278	5	's	's	PART
cblr-2919	278	6	corporate	corporate	ADJ
cblr-2919	278	7	rating	rating	NOUN
cblr-2919	278	8	incorporates	incorporate	VERB
cblr-2919	278	9	company	company	NOUN
cblr-2919	278	10	and	and	CCONJ
cblr-2919	278	11	industry	industry	NOUN
cblr-2919	278	12	specific	specific	ADJ
cblr-2919	278	13	risks	risk	NOUN
cblr-2919	278	14	,	,	PUNCT
cblr-2919	278	15	which	which	PRON
cblr-2919	278	16	can	can	AUX
cblr-2919	278	17	be	be	AUX
cblr-2919	278	18	quite	quite	ADV
cblr-2919	278	19	subjective	subjective	ADJ
cblr-2919	278	20	,	,	PUNCT
cblr-2919	278	21	e.g.	e.g.	ADV
cblr-2919	278	22	quality	quality	NOUN
cblr-2919	278	23	of	of	ADP
cblr-2919	278	24	management	management	NOUN
cblr-2919	278	25	,	,	PUNCT
cblr-2919	278	26	products	product	NOUN
cblr-2919	278	27	,	,	PUNCT
cblr-2919	278	28	trends	trend	NOUN
cblr-2919	278	29	,	,	PUNCT
cblr-2919	278	30	etc.96	etc.96	PROPN
cblr-2919	278	31	but	but	CCONJ
cblr-2919	278	32	,	,	PUNCT
cblr-2919	278	33	for	for	ADP
cblr-2919	278	34	rmbss	rmbss	NOUN
cblr-2919	278	35	and	and	CCONJ
cblr-2919	278	36	r	r	NOUN
cblr-2919	278	37	-	-	PUNCT
cblr-2919	278	38	cdos	cdo	NOUN
cblr-2919	278	39	,	,	PUNCT
cblr-2919	278	40	diversification	diversification	NOUN
cblr-2919	278	41	generally	generally	ADV
cblr-2919	278	42	eliminates	eliminate	VERB
cblr-2919	278	43	the	the	DET
cblr-2919	278	44	idiosyncratic	idiosyncratic	ADJ
cblr-2919	278	45	risk	risk	NOUN
cblr-2919	278	46	of	of	ADP
cblr-2919	278	47	the	the	DET
cblr-2919	278	48	assets	asset	NOUN
cblr-2919	278	49	underlying	underlie	VERB
cblr-2919	278	50	the	the	DET
cblr-2919	278	51	security.97	security.97	NOUN
cblr-2919	278	52	since	since	SCONJ
cblr-2919	278	53	all	all	PRON
cblr-2919	278	54	or	or	CCONJ
cblr-2919	278	55	most	most	ADJ
cblr-2919	278	56	of	of	ADP
cblr-2919	278	57	the	the	DET
cblr-2919	278	58	risk	risk	NOUN
cblr-2919	278	59	is	be	AUX
cblr-2919	278	60	systematic	systematic	ADJ
cblr-2919	278	61	,	,	PUNCT
cblr-2919	278	62	it	it	PRON
cblr-2919	278	63	is	be	AUX
cblr-2919	278	64	necessary	necessary	ADJ
cblr-2919	278	65	to	to	PART
cblr-2919	278	66	get	get	VERB
cblr-2919	278	67	the	the	DET
cblr-2919	278	68	whole	whole	ADJ
cblr-2919	278	69	picture	picture	NOUN
cblr-2919	278	70	.	.	PUNCT
cblr-2919	279	1	therefore	therefore	ADV
cblr-2919	279	2	,	,	PUNCT
cblr-2919	279	3	entry	entry	NOUN
cblr-2919	279	4	can	can	AUX
cblr-2919	279	5	not	not	PART
cblr-2919	279	6	be	be	AUX
cblr-2919	279	7	made	make	VERB
cblr-2919	279	8	through	through	ADP
cblr-2919	279	9	a	a	DET
cblr-2919	279	10	piecemeal	piecemeal	ADJ
cblr-2919	279	11	approach	approach	NOUN
cblr-2919	279	12	,	,	PUNCT
cblr-2919	279	13	but	but	CCONJ
cblr-2919	279	14	needs	need	VERB
cblr-2919	279	15	to	to	PART
cblr-2919	279	16	be	be	AUX
cblr-2919	279	17	at	at	ADP
cblr-2919	279	18	the	the	DET
cblr-2919	279	19	scale	scale	NOUN
cblr-2919	279	20	of	of	ADP
cblr-2919	279	21	the	the	DET
cblr-2919	279	22	entire	entire	ADJ
cblr-2919	279	23	rmbs	rmb	NOUN
cblr-2919	279	24	and	and	CCONJ
cblr-2919	279	25	r	r	NOUN
cblr-2919	279	26	-	-	PUNCT
cblr-2919	279	27	cdo	cdo	ADJ
cblr-2919	279	28	market	market	NOUN
cblr-2919	279	29	,	,	PUNCT
cblr-2919	279	30	thus	thus	ADV
cblr-2919	279	31	preventing	prevent	VERB
cblr-2919	279	32	access	access	NOUN
cblr-2919	279	33	for	for	ADP
cblr-2919	279	34	those	those	DET
cblr-2919	279	35	potential	potential	ADJ
cblr-2919	279	36	entrants	entrant	NOUN
cblr-2919	279	37	that	that	PRON
cblr-2919	279	38	do	do	AUX
cblr-2919	279	39	not	not	PART
cblr-2919	279	40	have	have	VERB
cblr-2919	279	41	enough	enough	ADJ
cblr-2919	279	42	financing	financing	NOUN
cblr-2919	279	43	to	to	PART
cblr-2919	279	44	enter	enter	VERB
cblr-2919	279	45	on	on	ADP
cblr-2919	279	46	such	such	DET
cblr-2919	279	47	a	a	DET
cblr-2919	279	48	large	large	ADJ
cblr-2919	279	49	scale	scale	NOUN
cblr-2919	279	50	.	.	PUNCT
cblr-2919	280	1	third	third	ADJ
cblr-2919	280	2	,	,	PUNCT
cblr-2919	280	3	there	there	PRON
cblr-2919	280	4	is	be	VERB
cblr-2919	280	5	a	a	DET
cblr-2919	280	6	chance	chance	NOUN
cblr-2919	280	7	that	that	SCONJ
cblr-2919	280	8	the	the	DET
cblr-2919	280	9	cras	cras	X
cblr-2919	280	10	can	can	AUX
cblr-2919	280	11	use	use	VERB
cblr-2919	280	12	their	their	PRON
cblr-2919	280	13	existing	exist	VERB
cblr-2919	280	14	dominance	dominance	NOUN
cblr-2919	280	15	in	in	ADP
cblr-2919	280	16	regular	regular	ADJ
cblr-2919	280	17	bond	bond	NOUN
cblr-2919	280	18	ratings	rating	NOUN
cblr-2919	280	19	to	to	PART
cblr-2919	280	20	push	push	VERB
cblr-2919	280	21	out	out	ADP
cblr-2919	280	22	competitors	competitor	NOUN
cblr-2919	280	23	in	in	ADP
cblr-2919	280	24	the	the	DET
cblr-2919	280	25	rmbs	rmb	NOUN
cblr-2919	280	26	and	and	CCONJ
cblr-2919	280	27	r	r	NOUN
cblr-2919	280	28	-	-	PUNCT
cblr-2919	280	29	cdo	cdo	ADJ
cblr-2919	280	30	market	market	NOUN
cblr-2919	280	31	.	.	PUNCT
cblr-2919	281	1	the	the	DET
cblr-2919	281	2	cra	cra	PROPN
cblr-2919	281	3	reform	reform	PROPN
cblr-2919	281	4	act	act	PROPN
cblr-2919	281	5	of	of	ADP
cblr-2919	281	6	2006	2006	NUM
cblr-2919	281	7	is	be	AUX
cblr-2919	281	8	supposed	suppose	VERB
cblr-2919	281	9	to	to	PART
cblr-2919	281	10	prevent	prevent	VERB
cblr-2919	281	11	tying,9	tying,9	NOUN
cblr-2919	281	12	"	"	PUNCT
cblr-2919	281	13	but	but	CCONJ
cblr-2919	281	14	tying	tie	VERB
cblr-2919	281	15	"	"	PUNCT
cblr-2919	281	16	iosco	iosco	NOUN
cblr-2919	281	17	,	,	PUNCT
cblr-2919	281	18	supra	supra	PROPN
cblr-2919	281	19	note	note	PROPN
cblr-2919	281	20	1	1	NUM
cblr-2919	281	21	,	,	PUNCT
cblr-2919	281	22	at	at	ADP
cblr-2919	281	23	3	3	NUM
cblr-2919	281	24	-	-	SYM
cblr-2919	281	25	5	5	NUM
cblr-2919	281	26	.	.	NOUN
cblr-2919	281	27	9	9	NUM
cblr-2919	282	1	i	i	NOUN
cblr-2919	282	2	d.	d.	PROPN
cblr-2919	282	3	9	9	NUM
cblr-2919	282	4	dittrich	dittrich	NOUN
cblr-2919	282	5	,	,	PUNCT
cblr-2919	282	6	supra	supra	PROPN
cblr-2919	282	7	note	note	NOUN
cblr-2919	282	8	12	12	NUM
cblr-2919	282	9	,	,	PUNCT
cblr-2919	282	10	at	at	ADP
cblr-2919	282	11	62	62	NUM
cblr-2919	282	12	.	.	PUNCT
cblr-2919	283	1	*	*	PUNCT
cblr-2919	283	2	asheraft	asheraft	PROPN
cblr-2919	283	3	,	,	PUNCT
cblr-2919	283	4	supra	supra	PROPN
cblr-2919	283	5	note	note	PROPN
cblr-2919	283	6	19	19	NUM
cblr-2919	283	7	,	,	PUNCT
cblr-2919	283	8	at	at	ADP
cblr-2919	283	9	43	43	NUM
cblr-2919	283	10	.	.	PUNCT
cblr-2919	283	11	9	9	NUM
cblr-2919	284	1	i	i	PROPN
cblr-2919	284	2	d.	d.	PROPN
cblr-2919	284	3	98	98	NUM
cblr-2919	284	4	hunt	hunt	NOUN
cblr-2919	284	5	,	,	PUNCT
cblr-2919	284	6	supra	supra	PROPN
cblr-2919	284	7	note	note	PROPN
cblr-2919	284	8	15	15	NUM
cblr-2919	284	9	,	,	PUNCT
cblr-2919	284	10	at	at	ADP
cblr-2919	284	11	17	17	NUM
cblr-2919	284	12	n.71	n.71	NOUN
cblr-2919	284	13	.	.	PUNCT
cblr-2919	285	1	tying	tie	VERB
cblr-2919	285	2	is	be	AUX
cblr-2919	285	3	the	the	DET
cblr-2919	285	4	practice	practice	NOUN
cblr-2919	285	5	of	of	ADP
cblr-2919	285	6	conditioning	condition	VERB
cblr-2919	285	7	the	the	DET
cblr-2919	285	8	purchase	purchase	NOUN
cblr-2919	285	9	of	of	ADP
cblr-2919	285	10	one	one	NUM
cblr-2919	285	11	product	product	NOUN
cblr-2919	285	12	on	on	ADP
cblr-2919	285	13	the	the	DET
cblr-2919	285	14	purchase	purchase	NOUN
cblr-2919	285	15	of	of	ADP
cblr-2919	285	16	another	another	PRON
cblr-2919	285	17	.	.	PUNCT
cblr-2919	286	1	261	261	NUM
cblr-2919	286	2	columbia	columbia	PROPN
cblr-2919	286	3	business	business	NOUN
cblr-2919	286	4	law	law	PROPN
cblr-2919	286	5	review	review	NOUN
cblr-2919	286	6	rules	rule	NOUN
cblr-2919	286	7	may	may	AUX
cblr-2919	286	8	not	not	PART
cblr-2919	286	9	be	be	AUX
cblr-2919	286	10	easily	easily	ADV
cblr-2919	286	11	enforced	enforce	VERB
cblr-2919	286	12	.	.	PUNCT
cblr-2919	287	1	for	for	ADP
cblr-2919	287	2	example	example	NOUN
cblr-2919	287	3	,	,	PUNCT
cblr-2919	287	4	major	major	ADJ
cblr-2919	287	5	rmbs	rmb	NOUN
cblr-2919	287	6	and	and	CCONJ
cblr-2919	287	7	r	r	NOUN
cblr-2919	287	8	-	-	ADJ
cblr-2919	287	9	cdo	cdo	ADJ
cblr-2919	287	10	issuers	issuer	NOUN
cblr-2919	287	11	like	like	ADP
cblr-2919	287	12	j.p	j.p	PROPN
cblr-2919	287	13	.	.	PROPN
cblr-2919	287	14	morgan	morgan	PROPN
cblr-2919	287	15	and	and	CCONJ
cblr-2919	287	16	bank	bank	PROPN
cblr-2919	287	17	of	of	ADP
cblr-2919	287	18	america	america	PROPN
cblr-2919	287	19	must	must	AUX
cblr-2919	287	20	have	have	VERB
cblr-2919	287	21	their	their	PRON
cblr-2919	287	22	own	own	ADJ
cblr-2919	287	23	corporate	corporate	ADJ
cblr-2919	287	24	bonds	bond	NOUN
cblr-2919	287	25	rated	rate	VERB
cblr-2919	287	26	by	by	ADP
cblr-2919	287	27	two	two	NUM
cblr-2919	287	28	of	of	ADP
cblr-2919	287	29	the	the	DET
cblr-2919	287	30	big	big	ADJ
cblr-2919	287	31	three	three	NUM
cblr-2919	287	32	cras	cras	X
cblr-2919	287	33	.	.	PUNCT
cblr-2919	288	1	it	it	PRON
cblr-2919	288	2	is	be	AUX
cblr-2919	288	3	not	not	PART
cblr-2919	288	4	difficult	difficult	ADJ
cblr-2919	288	5	to	to	PART
cblr-2919	288	6	imagine	imagine	VERB
cblr-2919	288	7	that	that	SCONJ
cblr-2919	288	8	the	the	DET
cblr-2919	288	9	cras	cras	PROPN
cblr-2919	288	10	would	would	AUX
cblr-2919	288	11	use	use	VERB
cblr-2919	288	12	this	this	PRON
cblr-2919	288	13	as	as	ADP
cblr-2919	288	14	leverage	leverage	NOUN
cblr-2919	288	15	to	to	PART
cblr-2919	288	16	demand	demand	VERB
cblr-2919	288	17	they	they	PRON
cblr-2919	288	18	also	also	ADV
cblr-2919	288	19	rate	rate	VERB
cblr-2919	288	20	these	these	DET
cblr-2919	288	21	banks	bank	NOUN
cblr-2919	288	22	'	'	PART
cblr-2919	288	23	rmbss	rmbss	NOUN
cblr-2919	288	24	and	and	CCONJ
cblr-2919	288	25	r	r	NOUN
cblr-2919	288	26	-	-	PUNCT
cblr-2919	288	27	cdos	cdo	NOUN
cblr-2919	288	28	.	.	PUNCT
cblr-2919	289	1	cras	cras	PROPN
cblr-2919	289	2	engage	engage	VERB
cblr-2919	289	3	in	in	ADP
cblr-2919	289	4	the	the	DET
cblr-2919	289	5	tying	tie	VERB
cblr-2919	289	6	-	-	PUNCT
cblr-2919	289	7	like	like	ADJ
cblr-2919	289	8	behavior	behavior	NOUN
cblr-2919	289	9	of	of	ADP
cblr-2919	289	10	"	"	PUNCT
cblr-2919	289	11	notching	notch	VERB
cblr-2919	289	12	.	.	PUNCT
cblr-2919	290	1	"9	"9	ADJ
cblr-2919	290	2	notching	notching	NOUN
cblr-2919	290	3	is	be	AUX
cblr-2919	290	4	the	the	DET
cblr-2919	290	5	assignment	assignment	NOUN
cblr-2919	290	6	of	of	ADP
cblr-2919	290	7	a	a	DET
cblr-2919	290	8	lower	low	ADJ
cblr-2919	290	9	rating	rating	NOUN
cblr-2919	290	10	to	to	ADP
cblr-2919	290	11	a	a	DET
cblr-2919	290	12	cdo	cdo	NOUN
cblr-2919	290	13	whose	whose	DET
cblr-2919	290	14	underlying	underlie	VERB
cblr-2919	290	15	assets	asset	NOUN
cblr-2919	290	16	,	,	PUNCT
cblr-2919	290	17	e.g.	e.g.	ADV
cblr-2919	290	18	rmbss	rmbss	NOUN
cblr-2919	290	19	,	,	PUNCT
cblr-2919	290	20	were	be	AUX
cblr-2919	290	21	not	not	PART
cblr-2919	290	22	originally	originally	ADV
cblr-2919	290	23	rated	rate	VERB
cblr-2919	290	24	by	by	ADP
cblr-2919	290	25	the	the	DET
cblr-2919	290	26	cra	cra	PROPN
cblr-2919	290	27	rating	rating	NOUN
cblr-2919	290	28	the	the	DET
cblr-2919	290	29	cdo.oo	cdo.oo	PROPN
cblr-2919	290	30	because	because	SCONJ
cblr-2919	290	31	the	the	DET
cblr-2919	290	32	cras	cra	NOUN
cblr-2919	290	33	have	have	VERB
cblr-2919	290	34	some	some	DET
cblr-2919	290	35	justification	justification	NOUN
cblr-2919	290	36	in	in	ADP
cblr-2919	290	37	adjusting	adjust	VERB
cblr-2919	290	38	ratings	rating	NOUN
cblr-2919	290	39	based	base	VERB
cblr-2919	290	40	on	on	ADP
cblr-2919	290	41	who	who	PRON
cblr-2919	290	42	rated	rate	VERB
cblr-2919	290	43	the	the	DET
cblr-2919	290	44	original	original	ADJ
cblr-2919	290	45	assets	asset	NOUN
cblr-2919	290	46	(	(	PUNCT
cblr-2919	290	47	i.e.	i.e.	X
cblr-2919	290	48	,	,	PUNCT
cblr-2919	290	49	the	the	DET
cblr-2919	290	50	cra	cra	PROPN
cblr-2919	290	51	can	can	AUX
cblr-2919	290	52	not	not	PART
cblr-2919	290	53	vouch	vouch	VERB
cblr-2919	290	54	for	for	ADP
cblr-2919	290	55	the	the	DET
cblr-2919	290	56	quality	quality	NOUN
cblr-2919	290	57	of	of	ADP
cblr-2919	290	58	the	the	DET
cblr-2919	290	59	underlying	underlie	VERB
cblr-2919	290	60	ratings	rating	NOUN
cblr-2919	290	61	)	)	PUNCT
cblr-2919	291	1	the	the	DET
cblr-2919	291	2	sec	sec	PROPN
cblr-2919	291	3	has	have	VERB
cblr-2919	291	4	to	to	PART
cblr-2919	291	5	be	be	AUX
cblr-2919	291	6	selective	selective	ADJ
cblr-2919	291	7	in	in	ADP
cblr-2919	291	8	prosecuting	prosecute	VERB
cblr-2919	291	9	these	these	DET
cblr-2919	291	10	violations	violation	NOUN
cblr-2919	291	11	.	.	PUNCT
cblr-2919	292	1	"o	"o	PROPN
cblr-2919	292	2	'	'	PUNCT
cblr-2919	292	3	it	it	PRON
cblr-2919	292	4	remains	remain	VERB
cblr-2919	292	5	to	to	PART
cblr-2919	292	6	be	be	AUX
cblr-2919	292	7	seen	see	VERB
cblr-2919	292	8	whether	whether	SCONJ
cblr-2919	292	9	the	the	DET
cblr-2919	292	10	sec	sec	PROPN
cblr-2919	292	11	can	can	AUX
cblr-2919	292	12	reliably	reliably	ADV
cblr-2919	292	13	determine	determine	VERB
cblr-2919	292	14	whether	whether	SCONJ
cblr-2919	292	15	particular	particular	ADJ
cblr-2919	292	16	instances	instance	NOUN
cblr-2919	292	17	of	of	ADP
cblr-2919	292	18	notching	notching	NOUN
cblr-2919	292	19	are	be	AUX
cblr-2919	292	20	legitimate	legitimate	ADJ
cblr-2919	292	21	.	.	PUNCT
cblr-2919	293	1	d.	d.	PROPN
cblr-2919	293	2	conclusion	conclusion	PROPN
cblr-2919	293	3	private	private	ADJ
cblr-2919	293	4	competition	competition	NOUN
cblr-2919	293	5	does	do	AUX
cblr-2919	293	6	not	not	PART
cblr-2919	293	7	ensure	ensure	VERB
cblr-2919	293	8	quality	quality	NOUN
cblr-2919	293	9	rmbs	rmb	NOUN
cblr-2919	293	10	and	and	CCONJ
cblr-2919	293	11	rcdo	rcdo	ADJ
cblr-2919	293	12	ratings	rating	NOUN
cblr-2919	293	13	for	for	ADP
cblr-2919	293	14	two	two	NUM
cblr-2919	293	15	reasons	reason	NOUN
cblr-2919	293	16	:	:	PUNCT
cblr-2919	293	17	the	the	DET
cblr-2919	293	18	unimportance	unimportance	NOUN
cblr-2919	293	19	of	of	ADP
cblr-2919	293	20	reputational	reputational	ADJ
cblr-2919	293	21	capital	capital	NOUN
cblr-2919	293	22	and	and	CCONJ
cblr-2919	293	23	the	the	DET
cblr-2919	293	24	oligopolistic	oligopolistic	ADJ
cblr-2919	293	25	nature	nature	NOUN
cblr-2919	293	26	of	of	ADP
cblr-2919	293	27	the	the	DET
cblr-2919	293	28	industry	industry	NOUN
cblr-2919	293	29	.	.	PUNCT
cblr-2919	294	1	furthermore	furthermore	ADV
cblr-2919	294	2	,	,	PUNCT
cblr-2919	294	3	the	the	DET
cblr-2919	294	4	issuer	issuer	NOUN
cblr-2919	294	5	pays	pay	VERB
cblr-2919	294	6	model	model	NOUN
cblr-2919	294	7	creates	create	VERB
cblr-2919	294	8	a	a	DET
cblr-2919	294	9	strong	strong	ADJ
cblr-2919	294	10	temptation	temptation	NOUN
cblr-2919	294	11	for	for	SCONJ
cblr-2919	294	12	cras	cra	NOUN
cblr-2919	294	13	to	to	PART
cblr-2919	294	14	issue	issue	VERB
cblr-2919	294	15	inflated	inflate	VERB
cblr-2919	294	16	rmbs	rmb	NOUN
cblr-2919	294	17	and	and	CCONJ
cblr-2919	294	18	rcdo	rcdo	NOUN
cblr-2919	294	19	ratings	rating	NOUN
cblr-2919	294	20	,	,	PUNCT
cblr-2919	294	21	which	which	PRON
cblr-2919	294	22	the	the	DET
cblr-2919	294	23	next	next	ADJ
cblr-2919	294	24	part	part	NOUN
cblr-2919	294	25	shows	show	VERB
cblr-2919	294	26	was	be	AUX
cblr-2919	294	27	the	the	DET
cblr-2919	294	28	case	case	NOUN
cblr-2919	294	29	in	in	ADP
cblr-2919	294	30	this	this	DET
cblr-2919	294	31	financial	financial	ADJ
cblr-2919	294	32	crisis.102	crisis.102	NOUN
cblr-2919	294	33	these	these	DET
cblr-2919	294	34	problems	problem	NOUN
cblr-2919	294	35	are	be	AUX
cblr-2919	294	36	unavoidable	unavoidable	ADJ
cblr-2919	294	37	.	.	PUNCT
cblr-2919	295	1	the	the	DET
cblr-2919	295	2	issuer	issuer	NOUN
cblr-2919	295	3	pays	pay	VERB
cblr-2919	295	4	model	model	NOUN
cblr-2919	295	5	is	be	AUX
cblr-2919	295	6	the	the	DET
cblr-2919	295	7	entrenched	entrenched	ADJ
cblr-2919	295	8	form	form	NOUN
cblr-2919	295	9	of	of	ADP
cblr-2919	295	10	industrial	industrial	ADJ
cblr-2919	295	11	organization	organization	NOUN
cblr-2919	295	12	,	,	PUNCT
cblr-2919	295	13	'	'	PUNCT
cblr-2919	295	14	and	and	CCONJ
cblr-2919	295	15	it	it	PRON
cblr-2919	295	16	is	be	AUX
cblr-2919	295	17	unlikely	unlikely	ADJ
cblr-2919	295	18	that	that	SCONJ
cblr-2919	295	19	the	the	DET
cblr-2919	295	20	steps	step	NOUN
cblr-2919	295	21	of	of	ADP
cblr-2919	295	22	the	the	DET
cblr-2919	295	23	rmbs	rmb	NOUN
cblr-2919	295	24	and	and	CCONJ
cblr-2919	295	25	r	r	NOUN
cblr-2919	295	26	-	-	PUNCT
cblr-2919	295	27	cdo	cdo	ADJ
cblr-2919	295	28	rating	rating	NOUN
cblr-2919	295	29	process	process	NOUN
cblr-2919	295	30	can	can	AUX
cblr-2919	295	31	be	be	AUX
cblr-2919	295	32	changed	change	VERB
cblr-2919	295	33	so	so	SCONJ
cblr-2919	295	34	that	that	DET
cblr-2919	295	35	reputation	reputation	NOUN
cblr-2919	295	36	becomes	become	VERB
cblr-2919	295	37	more	more	ADJ
cblr-2919	295	38	important0	important0	NOUN
cblr-2919	295	39	'	'	PUNCT
cblr-2919	295	40	or	or	CCONJ
cblr-2919	295	41	entry	entry	NOUN
cblr-2919	295	42	becomes	become	VERB
cblr-2919	295	43	more	more	ADJ
cblr-2919	295	44	effective.0	effective.0	PROPN
cblr-2919	295	45	"	"	PUNCT
cblr-2919	295	46	therefore	therefore	ADV
cblr-2919	295	47	,	,	PUNCT
cblr-2919	295	48	another	another	DET
cblr-2919	295	49	entity	entity	NOUN
cblr-2919	295	50	,	,	PUNCT
cblr-2919	295	51	the	the	DET
cblr-2919	295	52	agency	agency	NOUN
cblr-2919	295	53	,	,	PUNCT
cblr-2919	295	54	is	be	AUX
cblr-2919	295	55	needed	need	VERB
cblr-2919	295	56	to	to	PART
cblr-2919	295	57	rate	rate	VERB
cblr-2919	295	58	rmbss	rmbss	NOUN
cblr-2919	295	59	and	and	CCONJ
cblr-2919	295	60	r	r	NOUN
cblr-2919	295	61	-	-	PUNCT
cblr-2919	295	62	cdos	cdo	NOUN
cblr-2919	295	63	.	.	PUNCT
cblr-2919	296	1	*	*	PUNCT
cblr-2919	297	1	i	i	PRON
cblr-2919	297	2	d.	d.	PROPN
cblr-2919	297	3	100	100	NUM
cblr-2919	298	1	i	i	PRON
cblr-2919	298	2	d.	d.	PROPN
cblr-2919	298	3	101	101	NUM
cblr-2919	299	1	i	i	PRON
cblr-2919	299	2	d.	d.	PROPN
cblr-2919	299	3	102	102	NUM
cblr-2919	299	4	see	see	VERB
cblr-2919	299	5	infra	infra	NOUN
cblr-2919	299	6	part	part	NOUN
cblr-2919	299	7	iv	iv	NOUN
cblr-2919	299	8	.	.	PUNCT
cblr-2919	299	9	"	"	PUNCT
cblr-2919	299	10	see	see	VERB
cblr-2919	299	11	supra	supra	PROPN
cblr-2919	299	12	part	part	PROPN
cblr-2919	299	13	iii.a	iii.a	PROPN
cblr-2919	299	14	.	.	PUNCT
cblr-2919	300	1	'	'	PUNCT
cblr-2919	300	2	04	04	NUM
cblr-2919	300	3	see	see	VERB
cblr-2919	300	4	supra	supra	PROPN
cblr-2919	300	5	part	part	NOUN
cblr-2919	300	6	iii.b	iii.b	PROPN
cblr-2919	300	7	.	.	PUNCT
cblr-2919	301	1	1o0	1o0	NUM
cblr-2919	301	2	see	see	VERB
cblr-2919	301	3	supra	supra	PROPN
cblr-2919	301	4	part	part	PROPN
cblr-2919	301	5	iii.c	iii.c	PROPN
cblr-2919	301	6	.	.	PUNCT
cblr-2919	302	1	262	262	NUM
cblr-2919	303	1	[	[	X
cblr-2919	303	2	vol	vol	NOUN
cblr-2919	303	3	.	.	NOUN
cblr-2919	304	1	20	20	NUM
cblr-2919	304	2	10	10	NUM
cblr-2919	304	3	no	no	NOUN
cblr-2919	304	4	.	.	PUNCT
cblr-2919	305	1	1:245	1:245	NUM
cblr-2919	305	2	]	]	X
cblr-2919	305	3	mortgage	mortgage	NOUN
cblr-2919	305	4	credit	credit	NOUN
cblr-2919	305	5	ratings	rating	NOUN
cblr-2919	305	6	and	and	CCONJ
cblr-2919	305	7	financial	financial	ADJ
cblr-2919	305	8	crisis	crisis	NOUN
cblr-2919	305	9	iv	iv	X
cblr-2919	305	10	.	.	PUNCT
cblr-2919	306	1	the	the	DET
cblr-2919	306	2	2007	2007	NUM
cblr-2919	306	3	-	-	SYM
cblr-2919	306	4	2009	2009	NUM
cblr-2919	306	5	credit	credit	NOUN
cblr-2919	306	6	crisis	crisis	NOUN
cblr-2919	306	7	:	:	PUNCT
cblr-2919	306	8	evidence	evidence	NOUN
cblr-2919	306	9	of	of	ADP
cblr-2919	306	10	cra	cra	PROPN
cblr-2919	306	11	failure	failure	NOUN
cblr-2919	306	12	issuance	issuance	NOUN
cblr-2919	306	13	of	of	ADP
cblr-2919	306	14	private	private	ADJ
cblr-2919	306	15	label	label	NOUN
cblr-2919	306	16	rmbss	rmbss	NOUN
cblr-2919	306	17	and	and	CCONJ
cblr-2919	306	18	r	r	NOUN
cblr-2919	306	19	-	-	PUNCT
cblr-2919	306	20	cdos	cdo	NOUN
cblr-2919	306	21	dropped	drop	VERB
cblr-2919	306	22	from	from	ADP
cblr-2919	306	23	approximately	approximately	ADV
cblr-2919	306	24	seven	seven	NUM
cblr-2919	306	25	hundred	hundred	NUM
cblr-2919	306	26	billion	billion	NUM
cblr-2919	306	27	dollars	dollar	NOUN
cblr-2919	306	28	in	in	ADP
cblr-2919	306	29	2007	2007	NUM
cblr-2919	306	30	,	,	PUNCT
cblr-2919	306	31	to	to	ADP
cblr-2919	306	32	forty	forty	NUM
cblr-2919	306	33	billion	billion	NUM
cblr-2919	306	34	dollars	dollar	NOUN
cblr-2919	306	35	in	in	ADP
cblr-2919	306	36	2008	2008	NUM
cblr-2919	306	37	,	,	PUNCT
cblr-2919	306	38	to	to	ADP
cblr-2919	306	39	nearly	nearly	ADV
cblr-2919	306	40	nonexistent	nonexistent	ADJ
cblr-2919	306	41	in	in	ADP
cblr-2919	306	42	2009.10	2009.10	NUM
cblr-2919	306	43	two	two	NUM
cblr-2919	306	44	reasons	reason	NOUN
cblr-2919	306	45	for	for	ADP
cblr-2919	306	46	this	this	DET
cblr-2919	306	47	decline	decline	NOUN
cblr-2919	306	48	may	may	AUX
cblr-2919	306	49	be	be	AUX
cblr-2919	306	50	that	that	SCONJ
cblr-2919	306	51	the	the	DET
cblr-2919	306	52	appetite	appetite	NOUN
cblr-2919	306	53	for	for	ADP
cblr-2919	306	54	risk	risk	NOUN
cblr-2919	306	55	has	have	AUX
cblr-2919	306	56	declined	decline	VERB
cblr-2919	306	57	across	across	ADP
cblr-2919	306	58	the	the	DET
cblr-2919	306	59	board	board	NOUN
cblr-2919	306	60	and	and	CCONJ
cblr-2919	306	61	that	that	SCONJ
cblr-2919	306	62	the	the	DET
cblr-2919	306	63	housing	housing	NOUN
cblr-2919	306	64	bubble	bubble	NOUN
cblr-2919	306	65	burst.1	burst.1	PROPN
cblr-2919	306	66	7	7	NUM
cblr-2919	306	67	however	however	ADV
cblr-2919	306	68	,	,	PUNCT
cblr-2919	306	69	issuance	issuance	NOUN
cblr-2919	306	70	of	of	ADP
cblr-2919	306	71	corporate	corporate	ADJ
cblr-2919	306	72	bonds	bond	NOUN
cblr-2919	306	73	only	only	ADV
cblr-2919	306	74	dropped	drop	VERB
cblr-2919	306	75	about	about	ADV
cblr-2919	306	76	thirty	thirty	NUM
cblr-2919	306	77	percent	percent	NOUN
cblr-2919	306	78	between	between	ADP
cblr-2919	306	79	2007	2007	NUM
cblr-2919	306	80	and	and	CCONJ
cblr-2919	306	81	2008,"o8	2008,"o8	NUM
cblr-2919	306	82	and	and	CCONJ
cblr-2919	306	83	equity	equity	NOUN
cblr-2919	306	84	issues	issue	NOUN
cblr-2919	306	85	actually	actually	ADV
cblr-2919	306	86	increased	increase	VERB
cblr-2919	306	87	.	.	PUNCT
cblr-2919	307	1	"	"	PUNCT
cblr-2919	307	2	'	'	PUNCT
cblr-2919	307	3	as	as	ADP
cblr-2919	307	4	of	of	ADP
cblr-2919	307	5	october	october	PROPN
cblr-2919	307	6	2009	2009	NUM
cblr-2919	307	7	,	,	PUNCT
cblr-2919	307	8	most	most	ADJ
cblr-2919	307	9	capital	capital	NOUN
cblr-2919	307	10	markets	market	NOUN
cblr-2919	307	11	except	except	SCONJ
cblr-2919	307	12	the	the	DET
cblr-2919	307	13	securitization	securitization	NOUN
cblr-2919	307	14	market	market	NOUN
cblr-2919	307	15	have	have	AUX
cblr-2919	307	16	seen	see	VERB
cblr-2919	307	17	substantial	substantial	ADJ
cblr-2919	307	18	rebounds	rebound	NOUN
cblr-2919	307	19	.	.	PUNCT
cblr-2919	308	1	"0	"0	VERB
cblr-2919	308	2	scholars	scholar	NOUN
cblr-2919	308	3	,	,	PUNCT
cblr-2919	308	4	"	"	PUNCT
cblr-2919	308	5	'	'	PUNCT
cblr-2919	308	6	the	the	DET
cblr-2919	308	7	media,"2	media,"2	NOUN
cblr-2919	308	8	the	the	DET
cblr-2919	308	9	marketplace	marketplace	NOUN
cblr-2919	308	10	,	,	PUNCT
cblr-2919	308	11	"	"	PUNCT
cblr-2919	308	12	'	'	PUNCT
cblr-2919	308	13	congress	congress	NOUN
cblr-2919	308	14	,	,	PUNCT
cblr-2919	308	15	"	"	PUNCT
cblr-2919	308	16	4	4	NUM
cblr-2919	308	17	and	and	CCONJ
cblr-2919	308	18	regulators	regulator	NOUN
cblr-2919	308	19	"	"	PUNCT
cblr-2919	308	20	,	,	PUNCT
cblr-2919	308	21	have	have	AUX
cblr-2919	308	22	concluded	conclude	VERB
cblr-2919	308	23	that	that	SCONJ
cblr-2919	308	24	a	a	DET
cblr-2919	308	25	poor	poor	ADJ
cblr-2919	308	26	cra	cra	PROPN
cblr-2919	308	27	rating	rating	NOUN
cblr-2919	308	28	process	process	NOUN
cblr-2919	308	29	is	be	AUX
cblr-2919	308	30	responsible	responsible	ADJ
cblr-2919	308	31	for	for	ADP
cblr-2919	308	32	a	a	DET
cblr-2919	308	33	substantial	substantial	ADJ
cblr-2919	308	34	part	part	NOUN
cblr-2919	308	35	of	of	ADP
cblr-2919	308	36	the	the	DET
cblr-2919	308	37	decline	decline	NOUN
cblr-2919	308	38	in	in	ADP
cblr-2919	308	39	volume	volume	NOUN
cblr-2919	308	40	.	.	PUNCT
cblr-2919	309	1	this	this	DET
cblr-2919	309	2	part	part	NOUN
cblr-2919	309	3	lists	list	VERB
cblr-2919	309	4	the	the	DET
cblr-2919	309	5	proximate	proximate	NOUN
cblr-2919	309	6	causes	cause	NOUN
cblr-2919	309	7	of	of	ADP
cblr-2919	309	8	the	the	DET
cblr-2919	309	9	collapse	collapse	NOUN
cblr-2919	309	10	of	of	ADP
cblr-2919	309	11	rmbs	rmb	NOUN
cblr-2919	309	12	and	and	CCONJ
cblr-2919	309	13	r	r	NOUN
cblr-2919	309	14	-	-	PUNCT
cblr-2919	309	15	cdo	cdo	ADJ
cblr-2919	309	16	issuances	issuance	NOUN
cblr-2919	309	17	during	during	ADP
cblr-2919	309	18	this	this	DET
cblr-2919	309	19	financial	financial	ADJ
cblr-2919	309	20	crisis	crisis	NOUN
cblr-2919	309	21	.	.	PUNCT
cblr-2919	310	1	as	as	SCONJ
cblr-2919	310	2	explicated	explicate	VERB
cblr-2919	310	3	in	in	ADP
cblr-2919	310	4	part	part	NOUN
cblr-2919	310	5	ii.b.2	ii.b.2	NOUN
cblr-2919	310	6	,	,	PUNCT
cblr-2919	310	7	more	more	ADV
cblr-2919	310	8	so	so	ADV
cblr-2919	310	9	than	than	ADP
cblr-2919	310	10	investors	investor	NOUN
cblr-2919	310	11	in	in	ADP
cblr-2919	310	12	other	other	ADJ
cblr-2919	310	13	securities	security	NOUN
cblr-2919	310	14	,	,	PUNCT
cblr-2919	310	15	r	r	NOUN
cblr-2919	310	16	-	-	PUNCT
cblr-2919	310	17	cdo	cdo	ADJ
cblr-2919	310	18	and	and	CCONJ
cblr-2919	310	19	rmbs	rmbs	PROPN
cblr-2919	310	20	investors	investor	NOUN
cblr-2919	310	21	were	be	AUX
cblr-2919	310	22	dependent	dependent	ADJ
cblr-2919	310	23	on	on	ADP
cblr-2919	310	24	cra	cra	PROPN
cblr-2919	310	25	ratings	rating	NOUN
cblr-2919	310	26	to	to	PART
cblr-2919	310	27	set	set	VERB
cblr-2919	310	28	prices	price	NOUN
cblr-2919	310	29	,	,	PUNCT
cblr-2919	310	30	and	and	CCONJ
cblr-2919	310	31	when	when	SCONJ
cblr-2919	310	32	confidence	confidence	NOUN
cblr-2919	310	33	106	106	NUM
cblr-2919	310	34	sifma	sifma	NOUN
cblr-2919	310	35	rmbs	rmb	NOUN
cblr-2919	310	36	,	,	PUNCT
cblr-2919	310	37	supra	supra	PROPN
cblr-2919	310	38	note	note	NOUN
cblr-2919	310	39	7	7	NUM
cblr-2919	310	40	,	,	PUNCT
cblr-2919	310	41	at	at	ADP
cblr-2919	310	42	9	9	NUM
cblr-2919	310	43	.	.	SYM
cblr-2919	310	44	107	107	NUM
cblr-2919	310	45	see	see	VERB
cblr-2919	310	46	securities	security	NOUN
cblr-2919	310	47	industry	industry	NOUN
cblr-2919	310	48	and	and	CCONJ
cblr-2919	310	49	financial	financial	ADJ
cblr-2919	310	50	markets	market	NOUN
cblr-2919	310	51	association	association	NOUN
cblr-2919	310	52	,	,	PUNCT
cblr-2919	310	53	research	research	NOUN
cblr-2919	310	54	quarterly	quarterly	ADJ
cblr-2919	310	55	november	november	PROPN
cblr-2919	310	56	2008	2008	NUM
cblr-2919	310	57	(	(	PUNCT
cblr-2919	310	58	2008	2008	NUM
cblr-2919	310	59	)	)	PUNCT
cblr-2919	310	60	,	,	PUNCT
cblr-2919	310	61	at	at	ADP
cblr-2919	310	62	6	6	NUM
cblr-2919	310	63	,	,	PUNCT
cblr-2919	310	64	available	available	ADJ
cblr-2919	310	65	at	at	ADP
cblr-2919	310	66	http://www.sifma.org/research/pdflrrvol3-10.pdf	http://www.sifma.org/research/pdflrrvol3-10.pdf	ADP
cblr-2919	310	67	.	.	PUNCT
cblr-2919	311	1	108	108	NUM
cblr-2919	312	1	i	i	PRON
cblr-2919	312	2	d.	d.	NOUN
cblr-2919	312	3	at	at	ADP
cblr-2919	312	4	1	1	NUM
cblr-2919	312	5	.	.	X
cblr-2919	312	6	1o9	1o9	NUM
cblr-2919	312	7	i	i	PROPN
cblr-2919	312	8	d.	d.	PROPN
cblr-2919	312	9	"	"	PUNCT
cblr-2919	312	10	'	'	PUNCT
cblr-2919	312	11	aline	aline	PROPN
cblr-2919	312	12	van	van	PROPN
cblr-2919	312	13	duyn	duyn	PROPN
cblr-2919	312	14	,	,	PUNCT
cblr-2919	312	15	battle	battle	NOUN
cblr-2919	312	16	to	to	PART
cblr-2919	312	17	restore	restore	VERB
cblr-2919	312	18	confidence	confidence	NOUN
cblr-2919	312	19	in	in	ADP
cblr-2919	312	20	securitisation	securitisation	NOUN
cblr-2919	312	21	,	,	PUNCT
cblr-2919	312	22	fin	fin	NOUN
cblr-2919	312	23	.	.	PUNCT
cblr-2919	312	24	times	times	PROPN
cblr-2919	312	25	,	,	PUNCT
cblr-2919	312	26	oct	oct	PROPN
cblr-2919	312	27	.	.	PROPN
cblr-2919	312	28	29	29	NUM
cblr-2919	312	29	,	,	PUNCT
cblr-2919	312	30	2009	2009	NUM
cblr-2919	312	31	,	,	PUNCT
cblr-2919	312	32	at	at	ADP
cblr-2919	312	33	a4	a4	NUM
cblr-2919	312	34	;	;	PUNCT
cblr-2919	312	35	see	see	VERB
cblr-2919	312	36	also	also	ADV
cblr-2919	312	37	sifma	sifma	VERB
cblr-2919	312	38	rmbs	rmb	NOUN
cblr-2919	312	39	,	,	PUNCT
cblr-2919	312	40	supra	supra	PROPN
cblr-2919	312	41	note	note	NOUN
cblr-2919	312	42	7	7	NUM
cblr-2919	312	43	,	,	PUNCT
cblr-2919	312	44	at	at	ADP
cblr-2919	312	45	2	2	NUM
cblr-2919	312	46	-	-	SYM
cblr-2919	312	47	7	7	NUM
cblr-2919	312	48	.	.	PUNCT
cblr-2919	312	49	n.	n.	PROPN
cblr-2919	312	50	see	see	PROPN
cblr-2919	312	51	,	,	PUNCT
cblr-2919	312	52	e.g.	e.g.	ADV
cblr-2919	312	53	,	,	PUNCT
cblr-2919	312	54	hunt	hunt	NOUN
cblr-2919	312	55	,	,	PUNCT
cblr-2919	312	56	supra	supra	PROPN
cblr-2919	312	57	note	note	NOUN
cblr-2919	312	58	15	15	NUM
cblr-2919	312	59	.	.	SYM
cblr-2919	312	60	112	112	NUM
cblr-2919	312	61	see	see	NOUN
cblr-2919	312	62	,	,	PUNCT
cblr-2919	312	63	e.g.	e.g.	ADV
cblr-2919	312	64	,	,	PUNCT
cblr-2919	312	65	morgenson	morgenson	NOUN
cblr-2919	312	66	,	,	PUNCT
cblr-2919	312	67	supra	supra	PROPN
cblr-2919	312	68	note	note	NOUN
cblr-2919	312	69	73	73	NUM
cblr-2919	312	70	.	.	PUNCT
cblr-2919	312	71	.	.	PUNCT
cblr-2919	312	72	'	'	PUNCT
cblr-2919	313	1	iosco	iosco	NOUN
cblr-2919	313	2	,	,	PUNCT
cblr-2919	313	3	supra	supra	PROPN
cblr-2919	313	4	note	note	PROPN
cblr-2919	313	5	1	1	NUM
cblr-2919	313	6	,	,	PUNCT
cblr-2919	313	7	at	at	ADP
cblr-2919	313	8	9	9	NUM
cblr-2919	313	9	.	.	NUM
cblr-2919	313	10	114	114	NUM
cblr-2919	313	11	henry	henry	PROPN
cblr-2919	313	12	waxman	waxman	PROPN
cblr-2919	313	13	,	,	PUNCT
cblr-2919	313	14	chairman	chairman	NOUN
cblr-2919	313	15	of	of	ADP
cblr-2919	313	16	the	the	DET
cblr-2919	313	17	house	house	PROPN
cblr-2919	313	18	committee	committee	PROPN
cblr-2919	313	19	on	on	ADP
cblr-2919	313	20	oversight	oversight	NOUN
cblr-2919	313	21	and	and	CCONJ
cblr-2919	313	22	government	government	NOUN
cblr-2919	313	23	reform	reform	NOUN
cblr-2919	313	24	,	,	PUNCT
cblr-2919	313	25	accused	accuse	VERB
cblr-2919	313	26	the	the	DET
cblr-2919	313	27	cras	cra	NOUN
cblr-2919	313	28	of	of	ADP
cblr-2919	313	29	either	either	CCONJ
cblr-2919	313	30	fraud	fraud	NOUN
cblr-2919	313	31	or	or	CCONJ
cblr-2919	313	32	gross	gross	ADJ
cblr-2919	313	33	incompetence	incompetence	NOUN
cblr-2919	313	34	.	.	PUNCT
cblr-2919	314	1	credit	credit	NOUN
cblr-2919	314	2	rating	rating	NOUN
cblr-2919	314	3	agencies	agency	NOUN
cblr-2919	314	4	and	and	CCONJ
cblr-2919	314	5	the	the	DET
cblr-2919	314	6	financial	financial	ADJ
cblr-2919	314	7	crisis	crisis	NOUN
cblr-2919	314	8	:	:	PUNCT
cblr-2919	314	9	hearing	hear	VERB
cblr-2919	314	10	before	before	ADP
cblr-2919	314	11	the	the	DET
cblr-2919	314	12	h.	h.	PROPN
cblr-2919	314	13	comm	comm	NOUN
cblr-2919	314	14	.	.	PUNCT
cblr-2919	315	1	on	on	ADP
cblr-2919	315	2	oversight	oversight	NOUN
cblr-2919	315	3	and	and	CCONJ
cblr-2919	315	4	gov't	gov't	NOUN
cblr-2919	315	5	reform	reform	NOUN
cblr-2919	315	6	,	,	PUNCT
cblr-2919	315	7	110th	110th	ADJ
cblr-2919	315	8	cong	cong	NOUN
cblr-2919	315	9	.	.	PUNCT
cblr-2919	316	1	15	15	NUM
cblr-2919	316	2	(	(	PUNCT
cblr-2919	316	3	2008	2008	NUM
cblr-2919	316	4	)	)	PUNCT
cblr-2919	316	5	(	(	PUNCT
cblr-2919	316	6	statement	statement	NOUN
cblr-2919	316	7	of	of	ADP
cblr-2919	316	8	rep	rep	PROPN
cblr-2919	316	9	.	.	PROPN
cblr-2919	316	10	waxman	waxman	PROPN
cblr-2919	316	11	,	,	PUNCT
cblr-2919	316	12	chairman	chairman	NOUN
cblr-2919	316	13	)	)	PUNCT
cblr-2919	317	1	[	[	X
cblr-2919	317	2	hereinafter	hereinafter	NOUN
cblr-2919	317	3	committee	committee	NOUN
cblr-2919	317	4	hearings	hearing	NOUN
cblr-2919	317	5	]	]	PUNCT
cblr-2919	317	6	.	.	PUNCT
cblr-2919	318	1	"	"	PUNCT
cblr-2919	318	2	.	.	PUNCT
cblr-2919	319	1	iosco	iosco	PROPN
cblr-2919	319	2	,	,	PUNCT
cblr-2919	319	3	supra	supra	PROPN
cblr-2919	319	4	note	note	PROPN
cblr-2919	319	5	1	1	NUM
cblr-2919	319	6	,	,	PUNCT
cblr-2919	319	7	at	at	ADP
cblr-2919	319	8	2	2	NUM
cblr-2919	319	9	(	(	PUNCT
cblr-2919	319	10	criticizing	criticize	VERB
cblr-2919	319	11	the	the	DET
cblr-2919	319	12	cras	cra	NOUN
cblr-2919	319	13	for	for	ADP
cblr-2919	319	14	not	not	PART
cblr-2919	319	15	incorporating	incorporate	VERB
cblr-2919	319	16	a	a	DET
cblr-2919	319	17	perceptible	perceptible	ADJ
cblr-2919	319	18	decline	decline	NOUN
cblr-2919	319	19	in	in	ADP
cblr-2919	319	20	the	the	DET
cblr-2919	319	21	quality	quality	NOUN
cblr-2919	319	22	of	of	ADP
cblr-2919	319	23	the	the	DET
cblr-2919	319	24	origination	origination	NOUN
cblr-2919	319	25	process	process	NOUN
cblr-2919	319	26	into	into	ADP
cblr-2919	319	27	ratings	rating	NOUN
cblr-2919	319	28	)	)	PUNCT
cblr-2919	319	29	.	.	PUNCT
cblr-2919	320	1	263	263	NUM
cblr-2919	320	2	in	in	ADP
cblr-2919	320	3	the	the	DET
cblr-2919	320	4	rating	rating	NOUN
cblr-2919	320	5	process	process	NOUN
cblr-2919	320	6	rightfully	rightfully	ADV
cblr-2919	320	7	evaporated	evaporate	VERB
cblr-2919	320	8	,	,	PUNCT
cblr-2919	320	9	so	so	ADV
cblr-2919	320	10	did	do	VERB
cblr-2919	320	11	any	any	DET
cblr-2919	320	12	idea	idea	NOUN
cblr-2919	320	13	of	of	ADP
cblr-2919	320	14	how	how	SCONJ
cblr-2919	320	15	the	the	DET
cblr-2919	320	16	rmbss	rmbss	NOUN
cblr-2919	320	17	and	and	CCONJ
cblr-2919	320	18	r	r	NOUN
cblr-2919	320	19	-	-	PUNCT
cblr-2919	320	20	cdos	cdo	NOUN
cblr-2919	320	21	should	should	AUX
cblr-2919	320	22	be	be	AUX
cblr-2919	320	23	valued	value	VERB
cblr-2919	320	24	.	.	PUNCT
cblr-2919	321	1	'16	'16	NUM
cblr-2919	321	2	additionally	additionally	ADV
cblr-2919	321	3	,	,	PUNCT
cblr-2919	321	4	the	the	DET
cblr-2919	321	5	cras	cras	X
cblr-2919	321	6	continually	continually	ADV
cblr-2919	321	7	adjusted	adjust	VERB
cblr-2919	321	8	their	their	PRON
cblr-2919	321	9	methodologies	methodology	NOUN
cblr-2919	321	10	"	"	PUNCT
cblr-2919	321	11	'	'	PUNCT
cblr-2919	321	12	and	and	CCONJ
cblr-2919	321	13	downgraded	downgrade	VERB
cblr-2919	321	14	debt	debt	NOUN
cblr-2919	321	15	right	right	ADV
cblr-2919	321	16	after	after	ADP
cblr-2919	321	17	an	an	DET
cblr-2919	321	18	initial	initial	ADJ
cblr-2919	321	19	rating	rating	NOUN
cblr-2919	321	20	without	without	ADP
cblr-2919	321	21	explanation	explanation	NOUN
cblr-2919	321	22	.	.	PUNCT
cblr-2919	322	1	"	"	PUNCT
cblr-2919	322	2	'	'	PUNCT
cblr-2919	322	3	cras	cras	PROPN
cblr-2919	322	4	have	have	AUX
cblr-2919	322	5	also	also	ADV
cblr-2919	322	6	been	be	AUX
cblr-2919	322	7	critiqued	critique	VERB
cblr-2919	322	8	for	for	ADP
cblr-2919	322	9	not	not	PART
cblr-2919	322	10	downgrading	downgrade	VERB
cblr-2919	322	11	r	r	NOUN
cblr-2919	322	12	-	-	PUNCT
cblr-2919	322	13	cdos	cdo	NOUN
cblr-2919	322	14	and	and	CCONJ
cblr-2919	322	15	rmbss	rmbss	NOUN
cblr-2919	322	16	quickly	quickly	ADV
cblr-2919	322	17	enough	enough	ADV
cblr-2919	322	18	when	when	SCONJ
cblr-2919	322	19	new	new	ADJ
cblr-2919	322	20	information	information	NOUN
cblr-2919	322	21	came	come	VERB
cblr-2919	322	22	to	to	ADP
cblr-2919	322	23	light	light	NOUN
cblr-2919	322	24	.	.	PUNCT
cblr-2919	323	1	"	"	PUNCT
cblr-2919	323	2	'	'	PUNCT
cblr-2919	323	3	additionally	additionally	ADV
cblr-2919	323	4	,	,	PUNCT
cblr-2919	323	5	each	each	DET
cblr-2919	323	6	agency	agency	NOUN
cblr-2919	323	7	had	have	VERB
cblr-2919	323	8	its	its	PRON
cblr-2919	323	9	own	own	ADJ
cblr-2919	323	10	methodology	methodology	NOUN
cblr-2919	323	11	for	for	ADP
cblr-2919	323	12	rating	rate	VERB
cblr-2919	323	13	the	the	DET
cblr-2919	323	14	securities	security	NOUN
cblr-2919	323	15	.	.	PUNCT
cblr-2919	324	1	20	20	NUM
cblr-2919	324	2	these	these	DET
cblr-2919	324	3	methodologies	methodology	NOUN
cblr-2919	324	4	were	be	AUX
cblr-2919	324	5	not	not	PART
cblr-2919	324	6	internally	internally	ADV
cblr-2919	324	7	consistent	consistent	ADJ
cblr-2919	324	8	,	,	PUNCT
cblr-2919	324	9	as	as	SCONJ
cblr-2919	324	10	an	an	DET
cblr-2919	324	11	aaa	aaa	NOUN
cblr-2919	324	12	rating	rating	NOUN
cblr-2919	324	13	for	for	ADP
cblr-2919	324	14	an	an	DET
cblr-2919	324	15	rmbs	rmb	NOUN
cblr-2919	324	16	incorporated	incorporate	VERB
cblr-2919	324	17	different	different	ADJ
cblr-2919	324	18	,	,	PUNCT
cblr-2919	324	19	and	and	CCONJ
cblr-2919	324	20	ultimately	ultimately	ADV
cblr-2919	324	21	incomparable	incomparable	ADJ
cblr-2919	324	22	,	,	PUNCT
cblr-2919	324	23	types	type	NOUN
cblr-2919	324	24	of	of	ADP
cblr-2919	324	25	risk	risk	NOUN
cblr-2919	324	26	than	than	ADP
cblr-2919	324	27	the	the	DET
cblr-2919	324	28	same	same	ADJ
cblr-2919	324	29	rating	rating	NOUN
cblr-2919	324	30	for	for	ADP
cblr-2919	324	31	a	a	DET
cblr-2919	324	32	plain	plain	ADJ
cblr-2919	324	33	-	-	PUNCT
cblr-2919	324	34	vanilla	vanilla	NOUN
cblr-2919	324	35	bond.121	bond.121	NOUN
cblr-2919	324	36	furthermore	furthermore	ADV
cblr-2919	324	37	,	,	PUNCT
cblr-2919	324	38	it	it	PRON
cblr-2919	324	39	was	be	AUX
cblr-2919	324	40	difficult	difficult	ADJ
cblr-2919	324	41	to	to	PART
cblr-2919	324	42	monitor	monitor	VERB
cblr-2919	324	43	the	the	DET
cblr-2919	324	44	cras	cra	NOUN
cblr-2919	324	45	as	as	ADP
cblr-2919	324	46	modeling	modeling	NOUN
cblr-2919	324	47	and	and	CCONJ
cblr-2919	324	48	performance	performance	NOUN
cblr-2919	324	49	data	datum	NOUN
cblr-2919	324	50	provided	provide	VERB
cblr-2919	324	51	by	by	ADP
cblr-2919	324	52	the	the	DET
cblr-2919	324	53	cras	cras	PROPN
cblr-2919	324	54	was	be	AUX
cblr-2919	324	55	not	not	PART
cblr-2919	324	56	specific	specific	ADJ
cblr-2919	324	57	enough.12	enough.12	NOUN
cblr-2919	324	58	finally	finally	ADV
cblr-2919	324	59	,	,	PUNCT
cblr-2919	324	60	recent	recent	ADJ
cblr-2919	324	61	media	medium	NOUN
cblr-2919	324	62	coverage	coverage	NOUN
cblr-2919	324	63	has	have	AUX
cblr-2919	324	64	been	be	AUX
cblr-2919	324	65	particularly	particularly	ADV
cblr-2919	324	66	harsh	harsh	ADJ
cblr-2919	324	67	;	;	PUNCT
cblr-2919	324	68	financial	financial	ADJ
cblr-2919	324	69	journalists	journalist	NOUN
cblr-2919	324	70	,	,	PUNCT
cblr-2919	324	71	members	member	NOUN
cblr-2919	324	72	of	of	ADP
cblr-2919	324	73	congress	congress	PROPN
cblr-2919	324	74	,	,	PUNCT
cblr-2919	324	75	and	and	CCONJ
cblr-2919	324	76	alan	alan	PROPN
cblr-2919	324	77	greenspan	greenspan	PROPN
cblr-2919	324	78	have	have	AUX
cblr-2919	324	79	all	all	PRON
cblr-2919	324	80	accused	accuse	VERB
cblr-2919	324	81	the	the	DET
cblr-2919	324	82	cras	cra	NOUN
cblr-2919	324	83	of	of	ADP
cblr-2919	324	84	either	either	CCONJ
cblr-2919	324	85	gross	gross	ADJ
cblr-2919	324	86	breaches	breach	NOUN
cblr-2919	324	87	of	of	ADP
cblr-2919	324	88	independence	independence	NOUN
cblr-2919	324	89	or	or	CCONJ
cblr-2919	324	90	incompetence	incompetence	NOUN
cblr-2919	324	91	.	.	PUNCT
cblr-2919	325	1	123	123	NUM
cblr-2919	325	2	at	at	ADP
cblr-2919	325	3	this	this	DET
cblr-2919	325	4	point	point	NOUN
cblr-2919	325	5	,	,	PUNCT
cblr-2919	325	6	after	after	SCONJ
cblr-2919	325	7	the	the	DET
cblr-2919	325	8	cras	cras	X
cblr-2919	325	9	'	'	PART
cblr-2919	325	10	many	many	ADJ
cblr-2919	325	11	failings	failing	NOUN
cblr-2919	325	12	have	have	AUX
cblr-2919	325	13	come	come	VERB
cblr-2919	325	14	to	to	ADP
cblr-2919	325	15	light	light	NOUN
cblr-2919	325	16	and	and	CCONJ
cblr-2919	325	17	after	after	ADP
cblr-2919	325	18	nearly	nearly	ADV
cblr-2919	325	19	a	a	PRON
cblr-2919	325	20	year	year	NOUN
cblr-2919	325	21	of	of	ADP
cblr-2919	325	22	frozen	frozen	ADJ
cblr-2919	325	23	markets	market	NOUN
cblr-2919	325	24	,	,	PUNCT
cblr-2919	325	25	it	it	PRON
cblr-2919	325	26	is	be	AUX
cblr-2919	325	27	hard	hard	ADJ
cblr-2919	325	28	to	to	PART
cblr-2919	325	29	believe	believe	VERB
cblr-2919	325	30	that	that	SCONJ
cblr-2919	325	31	the	the	DET
cblr-2919	325	32	cras	cras	X
cblr-2919	325	33	can	can	AUX
cblr-2919	325	34	resurrect	resurrect	VERB
cblr-2919	325	35	the	the	DET
cblr-2919	325	36	market	market	NOUN
cblr-2919	325	37	's	's	PART
cblr-2919	325	38	and	and	CCONJ
cblr-2919	325	39	regulators	regulator	NOUN
cblr-2919	325	40	'	'	PART
cblr-2919	325	41	trust	trust	NOUN
cblr-2919	325	42	in	in	ADP
cblr-2919	325	43	their	their	PRON
cblr-2919	325	44	r	r	NOUN
cblr-2919	325	45	-	-	PUNCT
cblr-2919	325	46	cdo	cdo	ADJ
cblr-2919	325	47	and	and	CCONJ
cblr-2919	325	48	rmbs	rmb	NOUN
cblr-2919	325	49	ratings	rating	NOUN
cblr-2919	325	50	.	.	PUNCT
cblr-2919	326	1	the	the	DET
cblr-2919	326	2	following	follow	VERB
cblr-2919	326	3	part	part	NOUN
cblr-2919	326	4	presents	present	VERB
cblr-2919	326	5	the	the	DET
cblr-2919	326	6	plan	plan	NOUN
cblr-2919	326	7	that	that	PRON
cblr-2919	326	8	will	will	AUX
cblr-2919	326	9	replace	replace	VERB
cblr-2919	326	10	the	the	DET
cblr-2919	326	11	cras	cras	PROPN
cblr-2919	326	12	and	and	CCONJ
cblr-2919	326	13	unfreeze	unfreeze	ADJ
cblr-2919	326	14	private	private	ADJ
cblr-2919	326	15	rmbs	rmb	NOUN
cblr-2919	326	16	and	and	CCONJ
cblr-2919	326	17	r	r	NOUN
cblr-2919	326	18	-	-	PUNCT
cblr-2919	326	19	cdo	cdo	ADJ
cblr-2919	326	20	issuances	issuance	NOUN
cblr-2919	326	21	.	.	PUNCT
cblr-2919	327	1	v.	v.	ADP
cblr-2919	327	2	proposal	proposal	NOUN
cblr-2919	327	3	one	one	NUM
cblr-2919	327	4	of	of	ADP
cblr-2919	327	5	the	the	DET
cblr-2919	327	6	ways	way	NOUN
cblr-2919	327	7	the	the	DET
cblr-2919	327	8	federal	federal	ADJ
cblr-2919	327	9	government	government	NOUN
cblr-2919	327	10	has	have	AUX
cblr-2919	327	11	been	be	AUX
cblr-2919	327	12	trying	try	VERB
cblr-2919	327	13	to	to	PART
cblr-2919	327	14	stem	stem	VERB
cblr-2919	327	15	the	the	DET
cblr-2919	327	16	current	current	ADJ
cblr-2919	327	17	economic	economic	ADJ
cblr-2919	327	18	contraction	contraction	NOUN
cblr-2919	327	19	is	be	AUX
cblr-2919	327	20	by	by	ADP
cblr-2919	327	21	attempting	attempt	VERB
cblr-2919	327	22	to	to	ADP
cblr-2919	327	23	116	116	NUM
cblr-2919	327	24	iosco	iosco	NOUN
cblr-2919	327	25	,	,	PUNCT
cblr-2919	327	26	supra	supra	PROPN
cblr-2919	327	27	note	note	PROPN
cblr-2919	327	28	1	1	NUM
cblr-2919	327	29	,	,	PUNCT
cblr-2919	327	30	at	at	ADP
cblr-2919	327	31	9	9	NUM
cblr-2919	327	32	.	.	PUNCT
cblr-2919	328	1	see	see	VERB
cblr-2919	328	2	also	also	ADV
cblr-2919	328	3	a	a	DET
cblr-2919	328	4	personal	personal	ADJ
cblr-2919	328	5	view	view	NOUN
cblr-2919	328	6	of	of	ADP
cblr-2919	328	7	the	the	DET
cblr-2919	328	8	crisis	crisis	NOUN
cblr-2919	328	9	:	:	PUNCT
cblr-2919	328	10	confessions	confession	NOUN
cblr-2919	328	11	of	of	ADP
cblr-2919	328	12	a	a	DET
cblr-2919	328	13	risk	risk	NOUN
cblr-2919	328	14	manager	manager	NOUN
cblr-2919	328	15	,	,	PUNCT
cblr-2919	328	16	economist	economist	NOUN
cblr-2919	328	17	,	,	PUNCT
cblr-2919	328	18	aug	aug	PROPN
cblr-2919	328	19	.	.	PROPN
cblr-2919	328	20	9	9	NUM
cblr-2919	328	21	,	,	PUNCT
cblr-2919	328	22	2008	2008	NUM
cblr-2919	328	23	.	.	PUNCT
cblr-2919	329	1	11	11	NUM
cblr-2919	329	2	.	.	X
cblr-2919	329	3	iosco	iosco	NOUN
cblr-2919	329	4	,	,	PUNCT
cblr-2919	329	5	supra	supra	PROPN
cblr-2919	329	6	note	note	PROPN
cblr-2919	329	7	1	1	NUM
cblr-2919	329	8	,	,	PUNCT
cblr-2919	329	9	at	at	ADP
cblr-2919	329	10	10	10	NUM
cblr-2919	329	11	.	.	PUNCT
cblr-2919	330	1	u1	u1	NOUN
cblr-2919	330	2	see	see	VERB
cblr-2919	330	3	i	i	PRON
cblr-2919	330	4	d.	d.	PROPN
cblr-2919	330	5	at	at	ADP
cblr-2919	330	6	11	11	NUM
cblr-2919	330	7	.	.	PUNCT
cblr-2919	331	1	119	119	NUM
cblr-2919	332	1	i	i	PRON
cblr-2919	332	2	d.	d.	PROPN
cblr-2919	332	3	120	120	NUM
cblr-2919	333	1	i	i	PRON
cblr-2919	333	2	d.	d.	PROPN
cblr-2919	333	3	at	at	ADP
cblr-2919	333	4	9	9	NUM
cblr-2919	333	5	.	.	SYM
cblr-2919	333	6	121	121	NUM
cblr-2919	333	7	see	see	NOUN
cblr-2919	333	8	infra	infra	NOUN
cblr-2919	333	9	part	part	NOUN
cblr-2919	333	10	v.c	v.c	PROPN
cblr-2919	333	11	.	.	PROPN
cblr-2919	333	12	122	122	NUM
cblr-2919	333	13	iosco	iosco	NOUN
cblr-2919	333	14	,	,	PUNCT
cblr-2919	333	15	supra	supra	PROPN
cblr-2919	333	16	note	note	PROPN
cblr-2919	333	17	1	1	NUM
cblr-2919	333	18	,	,	PUNCT
cblr-2919	333	19	at	at	ADP
cblr-2919	333	20	9	9	NUM
cblr-2919	333	21	.	.	NUM
cblr-2919	333	22	123	123	NUM
cblr-2919	333	23	see	see	VERB
cblr-2919	333	24	e.g.	e.g.	ADV
cblr-2919	333	25	,	,	PUNCT
cblr-2919	333	26	morgenson	morgenson	NOUN
cblr-2919	333	27	,	,	PUNCT
cblr-2919	333	28	supra	supra	PROPN
cblr-2919	333	29	note	note	PROPN
cblr-2919	333	30	64	64	NUM
cblr-2919	333	31	;	;	PUNCT
cblr-2919	333	32	hearing	hearing	NOUN
cblr-2919	333	33	,	,	PUNCT
cblr-2919	333	34	supra	supra	PROPN
cblr-2919	333	35	note	note	PROPN
cblr-2919	333	36	1	1	NUM
cblr-2919	333	37	;	;	PUNCT
cblr-2919	333	38	hunt	hunt	NOUN
cblr-2919	333	39	,	,	PUNCT
cblr-2919	333	40	supra	supra	PROPN
cblr-2919	333	41	note	note	PROPN
cblr-2919	333	42	15	15	NUM
cblr-2919	333	43	,	,	PUNCT
cblr-2919	333	44	at	at	ADP
cblr-2919	333	45	48	48	NUM
cblr-2919	333	46	.	.	PUNCT
cblr-2919	334	1	col	col	PROPN
cblr-2919	334	2	umbia	umbia	PROPN
cblr-2919	334	3	b	b	PROPN
cblr-2919	334	4	usiness	usiness	PROPN
cblr-2919	334	5	la	la	PROPN
cblr-2919	334	6	w	w	PROPN
cblr-2919	334	7	re	re	PROPN
cblr-2919	334	8	vie	vie	PROPN
cblr-2919	334	9	w	w	PROPN
cblr-2919	335	1	[	[	X
cblr-2919	335	2	vol	vol	NOUN
cblr-2919	335	3	.	.	NOUN
cblr-2919	336	1	20	20	NUM
cblr-2919	336	2	10264	10264	NUM
cblr-2919	336	3	no	no	NOUN
cblr-2919	336	4	.	.	PUNCT
cblr-2919	337	1	1:2451	1:2451	NUM
cblr-2919	337	2	mortgage	mortgage	NOUN
cblr-2919	337	3	creditratingsand	creditratingsand	NOUN
cblr-2919	337	4	financial	financial	ADJ
cblr-2919	337	5	crisis	crisis	NOUN
cblr-2919	337	6	resuscitate	resuscitate	VERB
cblr-2919	337	7	the	the	DET
cblr-2919	337	8	housing	housing	NOUN
cblr-2919	337	9	market.124	market.124	NOUN
cblr-2919	337	10	it	it	PRON
cblr-2919	337	11	has	have	AUX
cblr-2919	337	12	done	do	VERB
cblr-2919	337	13	so	so	ADV
cblr-2919	337	14	by	by	ADP
cblr-2919	337	15	purchasing	purchase	VERB
cblr-2919	337	16	mortgage	mortgage	NOUN
cblr-2919	337	17	securities	security	NOUN
cblr-2919	337	18	through	through	ADP
cblr-2919	337	19	the	the	DET
cblr-2919	337	20	gses	gse	NOUN
cblr-2919	337	21	and	and	CCONJ
cblr-2919	337	22	the	the	DET
cblr-2919	337	23	federal	federal	PROPN
cblr-2919	337	24	reserve	reserve	PROPN
cblr-2919	337	25	bank.125	bank.125	PROPN
cblr-2919	337	26	however	however	ADV
cblr-2919	337	27	,	,	PUNCT
cblr-2919	337	28	this	this	PRON
cblr-2919	337	29	is	be	AUX
cblr-2919	337	30	a	a	DET
cblr-2919	337	31	short	short	ADJ
cblr-2919	337	32	-	-	PUNCT
cblr-2919	337	33	term	term	NOUN
cblr-2919	337	34	solution	solution	NOUN
cblr-2919	337	35	.	.	PUNCT
cblr-2919	338	1	12	12	NUM
cblr-2919	338	2	6	6	NUM
cblr-2919	338	3	this	this	DET
cblr-2919	338	4	note	note	NOUN
cblr-2919	338	5	's	's	PART
cblr-2919	338	6	proposal	proposal	NOUN
cblr-2919	338	7	helps	help	VERB
cblr-2919	338	8	lower	low	ADJ
cblr-2919	338	9	mortgage	mortgage	NOUN
cblr-2919	338	10	rates	rate	NOUN
cblr-2919	338	11	without	without	ADP
cblr-2919	338	12	such	such	DET
cblr-2919	338	13	an	an	DET
cblr-2919	338	14	expansive	expansive	ADJ
cblr-2919	338	15	government	government	NOUN
cblr-2919	338	16	intervention	intervention	NOUN
cblr-2919	338	17	.	.	PUNCT
cblr-2919	339	1	to	to	PART
cblr-2919	339	2	regain	regain	VERB
cblr-2919	339	3	investor	investor	NOUN
cblr-2919	339	4	confidence	confidence	NOUN
cblr-2919	339	5	and	and	CCONJ
cblr-2919	339	6	demand	demand	NOUN
cblr-2919	339	7	for	for	ADP
cblr-2919	339	8	rmbss	rmbss	NOUN
cblr-2919	339	9	and	and	CCONJ
cblr-2919	339	10	rcdos	rcdo	NOUN
cblr-2919	339	11	,	,	PUNCT
cblr-2919	339	12	thereby	thereby	ADV
cblr-2919	339	13	increasing	increase	VERB
cblr-2919	339	14	securitization	securitization	NOUN
cblr-2919	339	15	and	and	CCONJ
cblr-2919	339	16	lowering	lower	VERB
cblr-2919	339	17	mortgage	mortgage	NOUN
cblr-2919	339	18	rates,12	rates,12	VERB
cblr-2919	339	19	7	7	NUM
cblr-2919	339	20	this	this	DET
cblr-2919	339	21	note	note	NOUN
cblr-2919	339	22	proposes	propose	VERB
cblr-2919	339	23	that	that	SCONJ
cblr-2919	339	24	a	a	DET
cblr-2919	339	25	federal	federal	ADJ
cblr-2919	339	26	government	government	NOUN
cblr-2919	339	27	entity	entity	NOUN
cblr-2919	339	28	(	(	PUNCT
cblr-2919	339	29	"	"	PUNCT
cblr-2919	339	30	the	the	DET
cblr-2919	339	31	agency	agency	NOUN
cblr-2919	339	32	"	"	PUNCT
cblr-2919	339	33	)	)	PUNCT
cblr-2919	339	34	take	take	VERB
cblr-2919	339	35	over	over	ADP
cblr-2919	339	36	the	the	DET
cblr-2919	339	37	cras	cra	NOUN
cblr-2919	339	38	'	'	PART
cblr-2919	339	39	responsibilities	responsibility	NOUN
cblr-2919	339	40	in	in	ADP
cblr-2919	339	41	rating	rating	NOUN
cblr-2919	339	42	rmbss	rmbss	NOUN
cblr-2919	339	43	and	and	CCONJ
cblr-2919	339	44	r	r	NOUN
cblr-2919	339	45	-	-	PUNCT
cblr-2919	339	46	cdos	cdo	NOUN
cblr-2919	339	47	.	.	PUNCT
cblr-2919	340	1	this	this	DET
cblr-2919	340	2	part	part	NOUN
cblr-2919	340	3	will	will	AUX
cblr-2919	340	4	enumerate	enumerate	VERB
cblr-2919	340	5	the	the	DET
cblr-2919	340	6	reasons	reason	NOUN
cblr-2919	340	7	why	why	SCONJ
cblr-2919	340	8	the	the	DET
cblr-2919	340	9	agency	agency	NOUN
cblr-2919	340	10	is	be	AUX
cblr-2919	340	11	superior	superior	ADJ
cblr-2919	340	12	to	to	ADP
cblr-2919	340	13	the	the	DET
cblr-2919	340	14	cras	cras	X
cblr-2919	340	15	in	in	ADP
cblr-2919	340	16	rating	rating	NOUN
cblr-2919	340	17	rmbss	rmbss	NOUN
cblr-2919	340	18	and	and	CCONJ
cblr-2919	340	19	r	r	NOUN
cblr-2919	340	20	-	-	PUNCT
cblr-2919	340	21	cdos	cdo	NOUN
cblr-2919	340	22	.	.	PUNCT
cblr-2919	341	1	a.	a.	NOUN
cblr-2919	341	2	incentive	incentive	PROPN
cblr-2919	341	3	advantages	advantage	NOUN
cblr-2919	341	4	the	the	DET
cblr-2919	341	5	agency	agency	NOUN
cblr-2919	341	6	will	will	AUX
cblr-2919	341	7	experience	experience	VERB
cblr-2919	341	8	less	less	ADJ
cblr-2919	341	9	pressure	pressure	NOUN
cblr-2919	341	10	from	from	ADP
cblr-2919	341	11	issuers	issuer	NOUN
cblr-2919	341	12	to	to	PART
cblr-2919	341	13	inflate	inflate	VERB
cblr-2919	341	14	ratings	rating	NOUN
cblr-2919	341	15	because	because	SCONJ
cblr-2919	341	16	its	its	PRON
cblr-2919	341	17	funding	funding	NOUN
cblr-2919	341	18	will	will	AUX
cblr-2919	341	19	come	come	VERB
cblr-2919	341	20	from	from	ADP
cblr-2919	341	21	general	general	ADJ
cblr-2919	341	22	revenue	revenue	NOUN
cblr-2919	341	23	sources	source	NOUN
cblr-2919	341	24	and	and	CCONJ
cblr-2919	341	25	will	will	AUX
cblr-2919	341	26	not	not	PART
cblr-2919	341	27	be	be	AUX
cblr-2919	341	28	tied	tie	VERB
cblr-2919	341	29	to	to	ADP
cblr-2919	341	30	turnover	turnover	NOUN
cblr-2919	341	31	.	.	PUNCT
cblr-2919	342	1	128	128	NUM
cblr-2919	342	2	there	there	PRON
cblr-2919	342	3	will	will	AUX
cblr-2919	342	4	be	be	AUX
cblr-2919	342	5	no	no	DET
cblr-2919	342	6	"	"	PUNCT
cblr-2919	342	7	iterative	iterative	NOUN
cblr-2919	342	8	and	and	CCONJ
cblr-2919	342	9	interactive	interactive	ADJ
cblr-2919	342	10	"	"	PUNCT
cblr-2919	342	11	129	129	NUM
cblr-2919	342	12	contact	contact	NOUN
cblr-2919	342	13	between	between	ADP
cblr-2919	342	14	124	124	NUM
cblr-2919	342	15	dashed	dash	VERB
cblr-2919	342	16	expectations	expectation	NOUN
cblr-2919	342	17	,	,	PUNCT
cblr-2919	342	18	supra	supra	PROPN
cblr-2919	342	19	note	note	NOUN
cblr-2919	342	20	9	9	NUM
cblr-2919	342	21	.	.	NOUN
cblr-2919	342	22	125	125	NUM
cblr-2919	342	23	bernanke	bernanke	NOUN
cblr-2919	342	24	,	,	PUNCT
cblr-2919	342	25	supra	supra	ADJ
cblr-2919	342	26	note	note	NOUN
cblr-2919	342	27	9	9	NUM
cblr-2919	342	28	,	,	PUNCT
cblr-2919	342	29	at	at	ADP
cblr-2919	342	30	2	2	NUM
cblr-2919	342	31	;	;	PUNCT
cblr-2919	342	32	deborah	deborah	PROPN
cblr-2919	342	33	levine	levine	PROPN
cblr-2919	342	34	,	,	PUNCT
cblr-2919	342	35	investors	investor	NOUN
cblr-2919	342	36	see	see	VERB
cblr-2919	342	37	mortgage	mortgage	NOUN
cblr-2919	342	38	rates	rate	NOUN
cblr-2919	342	39	rising	rise	VERB
cblr-2919	342	40	as	as	ADP
cblr-2919	342	41	fed	feed	VERB
cblr-2919	342	42	wraps	wrap	NOUN
cblr-2919	342	43	up	up	ADP
cblr-2919	342	44	buys	buy	NOUN
cblr-2919	342	45	,	,	PUNCT
cblr-2919	342	46	maiucetwatch	maiucetwatch	PROPN
cblr-2919	342	47	,	,	PUNCT
cblr-2919	342	48	nov	nov	PROPN
cblr-2919	342	49	.	.	PROPN
cblr-2919	342	50	,	,	PUNCT
cblr-2919	342	51	3	3	NUM
cblr-2919	342	52	,	,	PUNCT
cblr-2919	342	53	2009	2009	NUM
cblr-2919	342	54	,	,	PUNCT
cblr-2919	342	55	http://www.marketwatch.com/story/story/print?guid=2bofoc39-c2	http://www.marketwatch.com/story/story/print?guid=2bofoc39-c2	NOUN
cblr-2919	342	56	25	25	NUM
cblr-2919	342	57	-	-	PUNCT
cblr-2919	342	58	4837	4837	NUM
cblr-2919	342	59	-	-	PUNCT
cblr-2919	342	60	ba89	ba89	PROPN
cblr-2919	342	61	-	-	PUNCT
cblr-2919	342	62	ebf4ca6769ca	ebf4ca6769ca	PROPN
cblr-2919	342	63	.	.	PUNCT
cblr-2919	343	1	126	126	NUM
cblr-2919	343	2	the	the	DET
cblr-2919	343	3	federal	federal	ADJ
cblr-2919	343	4	government	government	NOUN
cblr-2919	343	5	,	,	PUNCT
cblr-2919	343	6	however	however	ADV
cblr-2919	343	7	,	,	PUNCT
cblr-2919	343	8	might	might	AUX
cblr-2919	343	9	have	have	VERB
cblr-2919	343	10	a	a	DET
cblr-2919	343	11	hard	hard	ADJ
cblr-2919	343	12	time	time	NOUN
cblr-2919	343	13	extricating	extricate	VERB
cblr-2919	343	14	itself	itself	PRON
cblr-2919	343	15	from	from	ADP
cblr-2919	343	16	its	its	PRON
cblr-2919	343	17	ownership	ownership	NOUN
cblr-2919	343	18	of	of	ADP
cblr-2919	343	19	fannie	fannie	PROPN
cblr-2919	343	20	mae	mae	PROPN
cblr-2919	343	21	and	and	CCONJ
cblr-2919	343	22	freddie	freddie	PROPN
cblr-2919	343	23	mac	mac	PROPN
cblr-2919	343	24	.	.	PUNCT
cblr-2919	344	1	charles	charles	PROPN
cblr-2919	344	2	duhigg	duhigg	PROPN
cblr-2919	344	3	,	,	PUNCT
cblr-2919	344	4	u.s	u.s	PROPN
cblr-2919	344	5	.	.	PROPN
cblr-2919	344	6	likely	likely	ADJ
cblr-2919	344	7	to	to	PART
cblr-2919	344	8	keep	keep	VERB
cblr-2919	344	9	the	the	DET
cblr-2919	344	10	reins	rein	NOUN
cblr-2919	344	11	on	on	ADP
cblr-2919	344	12	2	2	NUM
cblr-2919	344	13	fallen	fallen	ADJ
cblr-2919	344	14	mortgage	mortgage	NOUN
cblr-2919	344	15	giants	giant	NOUN
cblr-2919	344	16	,	,	PUNCT
cblr-2919	344	17	n.y	n.y	PROPN
cblr-2919	344	18	.	.	PROPN
cblr-2919	344	19	times	times	PROPN
cblr-2919	344	20	,	,	PUNCT
cblr-2919	344	21	mar	mar	PROPN
cblr-2919	344	22	.	.	PROPN
cblr-2919	344	23	3	3	NUM
cblr-2919	344	24	,	,	PUNCT
cblr-2919	344	25	2009	2009	NUM
cblr-2919	344	26	,	,	PUNCT
cblr-2919	344	27	at	at	ADP
cblr-2919	344	28	al	al	PROPN
cblr-2919	344	29	.	.	PROPN
cblr-2919	345	1	given	give	VERB
cblr-2919	345	2	the	the	DET
cblr-2919	345	3	criticisms	criticism	NOUN
cblr-2919	345	4	of	of	ADP
cblr-2919	345	5	the	the	DET
cblr-2919	345	6	federal	federal	ADJ
cblr-2919	345	7	government	government	NOUN
cblr-2919	345	8	's	's	PART
cblr-2919	345	9	pre	pre	ADJ
cblr-2919	345	10	-	-	ADJ
cblr-2919	345	11	crisis	crisis	ADJ
cblr-2919	345	12	implicit	implicit	ADJ
cblr-2919	345	13	backing	backing	NOUN
cblr-2919	345	14	of	of	ADP
cblr-2919	345	15	freddie	freddie	PROPN
cblr-2919	345	16	mae	mae	PROPN
cblr-2919	345	17	and	and	CCONJ
cblr-2919	345	18	freddie	freddie	PROPN
cblr-2919	345	19	mac	mac	PROPN
cblr-2919	345	20	and	and	CCONJ
cblr-2919	345	21	the	the	DET
cblr-2919	345	22	subsequent	subsequent	ADJ
cblr-2919	345	23	nationalization	nationalization	NOUN
cblr-2919	345	24	of	of	ADP
cblr-2919	345	25	these	these	DET
cblr-2919	345	26	two	two	NUM
cblr-2919	345	27	agencies	agency	NOUN
cblr-2919	345	28	,	,	PUNCT
cblr-2919	345	29	it	it	PRON
cblr-2919	345	30	is	be	AUX
cblr-2919	345	31	politically	politically	ADV
cblr-2919	345	32	unfeasible	unfeasible	ADJ
cblr-2919	345	33	that	that	SCONJ
cblr-2919	345	34	the	the	DET
cblr-2919	345	35	federal	federal	ADJ
cblr-2919	345	36	government	government	NOUN
cblr-2919	345	37	will	will	AUX
cblr-2919	345	38	continue	continue	VERB
cblr-2919	345	39	to	to	PART
cblr-2919	345	40	be	be	AUX
cblr-2919	345	41	a	a	DET
cblr-2919	345	42	major	major	ADJ
cblr-2919	345	43	purchaser	purchaser	NOUN
cblr-2919	345	44	or	or	CCONJ
cblr-2919	345	45	insurer	insurer	NOUN
cblr-2919	345	46	of	of	ADP
cblr-2919	345	47	mortgage	mortgage	NOUN
cblr-2919	345	48	securities	security	NOUN
cblr-2919	345	49	beyond	beyond	ADP
cblr-2919	345	50	its	its	PRON
cblr-2919	345	51	current	current	ADJ
cblr-2919	345	52	,	,	PUNCT
cblr-2919	345	53	temporary	temporary	ADJ
cblr-2919	345	54	involvement	involvement	NOUN
cblr-2919	345	55	with	with	ADP
cblr-2919	345	56	the	the	DET
cblr-2919	345	57	gses	gse	NOUN
cblr-2919	345	58	.	.	PUNCT
cblr-2919	346	1	see	see	VERB
cblr-2919	346	2	generally	generally	ADV
cblr-2919	346	3	brent	brent	PROPN
cblr-2919	346	4	horton	horton	PROPN
cblr-2919	346	5	,	,	PUNCT
cblr-2919	346	6	in	in	ADP
cblr-2919	346	7	defense	defense	NOUN
cblr-2919	346	8	of	of	ADP
cblr-2919	346	9	private	private	ADJ
cblr-2919	346	10	-	-	PUNCT
cblr-2919	346	11	label	label	NOUN
cblr-2919	346	12	mortgage	mortgage	NOUN
cblr-2919	346	13	-	-	PUNCT
cblr-2919	346	14	backed	back	VERB
cblr-2919	346	15	securities	security	NOUN
cblr-2919	346	16	,	,	PUNCT
cblr-2919	346	17	61	61	NUM
cblr-2919	346	18	fla	fla	NOUN
cblr-2919	346	19	.	.	PUNCT
cblr-2919	347	1	l.	l.	PROPN
cblr-2919	347	2	rev	rev	AUX
cblr-2919	347	3	.	.	PROPN
cblr-2919	347	4	827	827	NUM
cblr-2919	347	5	(	(	PUNCT
cblr-2919	347	6	2009	2009	NUM
cblr-2919	347	7	)	)	PUNCT
cblr-2919	347	8	(	(	PUNCT
cblr-2919	347	9	describing	describe	VERB
cblr-2919	347	10	the	the	DET
cblr-2919	347	11	failure	failure	NOUN
cblr-2919	347	12	and	and	CCONJ
cblr-2919	347	13	consequences	consequence	NOUN
cblr-2919	347	14	of	of	ADP
cblr-2919	347	15	government	government	NOUN
cblr-2919	347	16	backing	backing	NOUN
cblr-2919	347	17	of	of	ADP
cblr-2919	347	18	gses	gse	NOUN
cblr-2919	347	19	)	)	PUNCT
cblr-2919	347	20	.	.	PUNCT
cblr-2919	348	1	127	127	NUM
cblr-2919	348	2	the	the	DET
cblr-2919	348	3	obama	obama	PROPN
cblr-2919	348	4	rescue	rescue	NOUN
cblr-2919	348	5	,	,	PUNCT
cblr-2919	348	6	economist	economist	NOUN
cblr-2919	348	7	,	,	PUNCT
cblr-2919	348	8	feb	feb	PROPN
cblr-2919	348	9	.	.	PROPN
cblr-2919	348	10	14	14	NUM
cblr-2919	348	11	,	,	PUNCT
cblr-2919	348	12	2009	2009	NUM
cblr-2919	348	13	.	.	PUNCT
cblr-2919	349	1	128	128	NUM
cblr-2919	349	2	issuers	issuer	NOUN
cblr-2919	349	3	will	will	AUX
cblr-2919	349	4	still	still	ADV
cblr-2919	349	5	pay	pay	VERB
cblr-2919	349	6	for	for	ADP
cblr-2919	349	7	ratings	rating	NOUN
cblr-2919	349	8	,	,	PUNCT
cblr-2919	349	9	but	but	CCONJ
cblr-2919	349	10	payments	payment	NOUN
cblr-2919	349	11	will	will	AUX
cblr-2919	349	12	go	go	VERB
cblr-2919	349	13	to	to	ADP
cblr-2919	349	14	a	a	DET
cblr-2919	349	15	general	general	ADJ
cblr-2919	349	16	revenue	revenue	NOUN
cblr-2919	349	17	fund	fund	NOUN
cblr-2919	349	18	and	and	CCONJ
cblr-2919	349	19	not	not	PART
cblr-2919	349	20	to	to	ADP
cblr-2919	349	21	the	the	DET
cblr-2919	349	22	agency	agency	NOUN
cblr-2919	349	23	.	.	PUNCT
cblr-2919	350	1	as	as	SCONJ
cblr-2919	350	2	explained	explain	VERB
cblr-2919	350	3	in	in	ADP
cblr-2919	350	4	part	part	NOUN
cblr-2919	350	5	vi.a.1	vi.a.1	NOUN
cblr-2919	350	6	,	,	PUNCT
cblr-2919	350	7	even	even	ADV
cblr-2919	350	8	accounting	account	VERB
cblr-2919	350	9	for	for	ADP
cblr-2919	350	10	inefficiencies	inefficiency	NOUN
cblr-2919	350	11	of	of	ADP
cblr-2919	350	12	a	a	DET
cblr-2919	350	13	government	government	NOUN
cblr-2919	350	14	rater	rater	NOUN
cblr-2919	350	15	,	,	PUNCT
cblr-2919	350	16	total	total	ADJ
cblr-2919	350	17	payments	payment	NOUN
cblr-2919	350	18	by	by	ADP
cblr-2919	350	19	issuers	issuer	NOUN
cblr-2919	350	20	to	to	ADP
cblr-2919	350	21	the	the	DET
cblr-2919	350	22	general	general	ADJ
cblr-2919	350	23	revenue	revenue	NOUN
cblr-2919	350	24	fund	fund	NOUN
cblr-2919	350	25	should	should	AUX
cblr-2919	350	26	equal	equal	VERB
cblr-2919	350	27	the	the	DET
cblr-2919	350	28	costs	cost	NOUN
cblr-2919	350	29	of	of	ADP
cblr-2919	350	30	the	the	DET
cblr-2919	350	31	agency	agency	NOUN
cblr-2919	350	32	without	without	ADP
cblr-2919	350	33	a	a	DET
cblr-2919	350	34	significant	significant	ADJ
cblr-2919	350	35	increase	increase	NOUN
cblr-2919	350	36	in	in	ADP
cblr-2919	350	37	rates	rate	NOUN
cblr-2919	350	38	.	.	PUNCT
cblr-2919	351	1	129	129	NUM
cblr-2919	351	2	mason	mason	PROPN
cblr-2919	351	3	&	&	CCONJ
cblr-2919	351	4	rosner	rosner	PROPN
cblr-2919	351	5	,	,	PUNCT
cblr-2919	351	6	supra	supra	PROPN
cblr-2919	351	7	note	note	PROPN
cblr-2919	351	8	20	20	NUM
cblr-2919	351	9	,	,	PUNCT
cblr-2919	351	10	at	at	ADP
cblr-2919	351	11	13	13	NUM
cblr-2919	351	12	.	.	SYM
cblr-2919	351	13	265	265	NUM
cblr-2919	351	14	columbia	columbia	PROPN
cblr-2919	351	15	business	business	NOUN
cblr-2919	351	16	law	law	PROPN
cblr-2919	351	17	review	review	VERB
cblr-2919	351	18	issuers	issuer	NOUN
cblr-2919	351	19	and	and	CCONJ
cblr-2919	351	20	analysts	analyst	NOUN
cblr-2919	351	21	because	because	SCONJ
cblr-2919	351	22	analysts	analyst	NOUN
cblr-2919	351	23	will	will	AUX
cblr-2919	351	24	not	not	PART
cblr-2919	351	25	seek	seek	VERB
cblr-2919	351	26	issuers	issuer	NOUN
cblr-2919	351	27	'	'	PART
cblr-2919	351	28	business	business	NOUN
cblr-2919	351	29	.	.	PUNCT
cblr-2919	352	1	there	there	PRON
cblr-2919	352	2	will	will	AUX
cblr-2919	352	3	be	be	AUX
cblr-2919	352	4	no	no	DET
cblr-2919	352	5	employee	employee	NOUN
cblr-2919	352	6	stock	stock	NOUN
cblr-2919	352	7	options	option	NOUN
cblr-2919	352	8	motivating	motivate	VERB
cblr-2919	352	9	analysts	analyst	NOUN
cblr-2919	352	10	to	to	PART
cblr-2919	352	11	increase	increase	VERB
cblr-2919	352	12	firm	firm	ADJ
cblr-2919	352	13	profitability	profitability	NOUN
cblr-2919	352	14	.	.	PUNCT
cblr-2919	353	1	as	as	ADP
cblr-2919	353	2	with	with	ADP
cblr-2919	353	3	many	many	ADJ
cblr-2919	353	4	government	government	NOUN
cblr-2919	353	5	agencies	agency	NOUN
cblr-2919	353	6	,	,	PUNCT
cblr-2919	353	7	there	there	PRON
cblr-2919	353	8	is	be	VERB
cblr-2919	353	9	the	the	DET
cblr-2919	353	10	concern	concern	NOUN
cblr-2919	353	11	that	that	SCONJ
cblr-2919	353	12	the	the	DET
cblr-2919	353	13	lure	lure	NOUN
cblr-2919	353	14	of	of	ADP
cblr-2919	353	15	the	the	DET
cblr-2919	353	16	private	private	ADJ
cblr-2919	353	17	sector	sector	NOUN
cblr-2919	353	18	might	might	AUX
cblr-2919	353	19	influence	influence	VERB
cblr-2919	353	20	employee	employee	NOUN
cblr-2919	353	21	judgment	judgment	NOUN
cblr-2919	353	22	.	.	PUNCT
cblr-2919	354	1	this	this	DET
cblr-2919	354	2	problem	problem	NOUN
cblr-2919	354	3	can	can	AUX
cblr-2919	354	4	not	not	PART
cblr-2919	354	5	be	be	AUX
cblr-2919	354	6	completely	completely	ADV
cblr-2919	354	7	eliminated	eliminate	VERB
cblr-2919	354	8	,	,	PUNCT
cblr-2919	354	9	but	but	CCONJ
cblr-2919	354	10	can	can	AUX
cblr-2919	354	11	be	be	AUX
cblr-2919	354	12	mitigated	mitigate	VERB
cblr-2919	354	13	with	with	ADP
cblr-2919	354	14	reasonable	reasonable	ADJ
cblr-2919	354	15	rules	rule	NOUN
cblr-2919	354	16	prohibiting	prohibit	VERB
cblr-2919	354	17	agency	agency	NOUN
cblr-2919	354	18	analysts	analyst	NOUN
cblr-2919	354	19	from	from	ADP
cblr-2919	354	20	seeking	seek	VERB
cblr-2919	354	21	employment	employment	NOUN
cblr-2919	354	22	with	with	ADP
cblr-2919	354	23	the	the	DET
cblr-2919	354	24	issuers	issuer	NOUN
cblr-2919	354	25	they	they	PRON
cblr-2919	354	26	had	have	AUX
cblr-2919	354	27	recently	recently	ADV
cblr-2919	354	28	rated	rate	VERB
cblr-2919	354	29	.	.	PUNCT
cblr-2919	355	1	unlike	unlike	ADP
cblr-2919	355	2	any	any	DET
cblr-2919	355	3	self	self	NOUN
cblr-2919	355	4	-	-	PUNCT
cblr-2919	355	5	imposed	impose	VERB
cblr-2919	355	6	restrictions	restriction	NOUN
cblr-2919	355	7	by	by	ADP
cblr-2919	355	8	the	the	DET
cblr-2919	355	9	cras	cra	NOUN
cblr-2919	355	10	,	,	PUNCT
cblr-2919	355	11	barriers	barrier	NOUN
cblr-2919	355	12	to	to	ADP
cblr-2919	355	13	a	a	DET
cblr-2919	355	14	"	"	PUNCT
cblr-2919	355	15	revolving	revolve	VERB
cblr-2919	355	16	door	door	NOUN
cblr-2919	355	17	"	"	PUNCT
cblr-2919	355	18	between	between	ADP
cblr-2919	355	19	the	the	DET
cblr-2919	355	20	agency	agency	NOUN
cblr-2919	355	21	and	and	CCONJ
cblr-2919	355	22	the	the	DET
cblr-2919	355	23	private	private	ADJ
cblr-2919	355	24	sector	sector	NOUN
cblr-2919	355	25	issuers	issuer	NOUN
cblr-2919	355	26	will	will	AUX
cblr-2919	355	27	be	be	AUX
cblr-2919	355	28	credible	credible	ADJ
cblr-2919	355	29	.	.	PUNCT
cblr-2919	356	1	b.	b.	PROPN
cblr-2919	356	2	informational	informational	ADJ
cblr-2919	356	3	advantages	advantage	NOUN
cblr-2919	356	4	the	the	DET
cblr-2919	356	5	agency	agency	NOUN
cblr-2919	356	6	would	would	AUX
cblr-2919	356	7	regulate	regulate	VERB
cblr-2919	356	8	all	all	DET
cblr-2919	356	9	rmbss	rmbss	NOUN
cblr-2919	356	10	and	and	CCONJ
cblr-2919	356	11	r	r	NOUN
cblr-2919	356	12	-	-	PUNCT
cblr-2919	356	13	cdos	cdo	NOUN
cblr-2919	356	14	purchased	purchase	VERB
cblr-2919	356	15	by	by	ADP
cblr-2919	356	16	regulated	regulated	ADJ
cblr-2919	356	17	financial	financial	ADJ
cblr-2919	356	18	institutions	institution	NOUN
cblr-2919	356	19	.	.	PUNCT
cblr-2919	357	1	since	since	SCONJ
cblr-2919	357	2	there	there	PRON
cblr-2919	357	3	are	be	VERB
cblr-2919	357	4	economies	economy	NOUN
cblr-2919	357	5	of	of	ADP
cblr-2919	357	6	scale	scale	NOUN
cblr-2919	357	7	in	in	ADP
cblr-2919	357	8	rating	rating	NOUN
cblr-2919	357	9	rmbss	rmbss	NOUN
cblr-2919	357	10	and	and	CCONJ
cblr-2919	357	11	r	r	NOUN
cblr-2919	357	12	-	-	PUNCT
cblr-2919	357	13	cdos	cdo	NOUN
cblr-2919	357	14	,	,	PUNCT
cblr-2919	357	15	"	"	PUNCT
cblr-2919	357	16	0	0	NUM
cblr-2919	358	1	the	the	DET
cblr-2919	358	2	agency	agency	NOUN
cblr-2919	358	3	will	will	AUX
cblr-2919	358	4	already	already	ADV
cblr-2919	358	5	have	have	VERB
cblr-2919	358	6	an	an	DET
cblr-2919	358	7	advantage	advantage	NOUN
cblr-2919	358	8	over	over	ADP
cblr-2919	358	9	the	the	DET
cblr-2919	358	10	current	current	ADJ
cblr-2919	358	11	cras	cras	X
cblr-2919	358	12	that	that	PRON
cblr-2919	358	13	rate	rate	VERB
cblr-2919	358	14	most	most	ADV
cblr-2919	358	15	,	,	PUNCT
cblr-2919	358	16	but	but	CCONJ
cblr-2919	358	17	not	not	PART
cblr-2919	358	18	all	all	PRON
cblr-2919	358	19	,	,	PUNCT
cblr-2919	358	20	of	of	ADP
cblr-2919	358	21	these	these	DET
cblr-2919	358	22	securities	security	NOUN
cblr-2919	358	23	.	.	PUNCT
cblr-2919	358	24	'3	'3	PART
cblr-2919	359	1	1	1	NUM
cblr-2919	359	2	the	the	DET
cblr-2919	359	3	agency	agency	NOUN
cblr-2919	359	4	will	will	AUX
cblr-2919	359	5	enforce	enforce	VERB
cblr-2919	359	6	best	good	ADJ
cblr-2919	359	7	practice	practice	NOUN
cblr-2919	359	8	standards	standard	NOUN
cblr-2919	359	9	for	for	ADP
cblr-2919	359	10	the	the	DET
cblr-2919	359	11	origination	origination	NOUN
cblr-2919	359	12	of	of	ADP
cblr-2919	359	13	residential	residential	ADJ
cblr-2919	359	14	mortgages	mortgage	NOUN
cblr-2919	359	15	that	that	PRON
cblr-2919	359	16	become	become	VERB
cblr-2919	359	17	part	part	NOUN
cblr-2919	359	18	of	of	ADP
cblr-2919	359	19	the	the	DET
cblr-2919	359	20	securities	security	NOUN
cblr-2919	359	21	.	.	PUNCT
cblr-2919	360	1	the	the	DET
cblr-2919	360	2	recent	recent	ADJ
cblr-2919	360	3	emergence	emergence	NOUN
cblr-2919	360	4	of	of	ADP
cblr-2919	360	5	the	the	DET
cblr-2919	360	6	"	"	PUNCT
cblr-2919	360	7	originate	originate	NOUN
cblr-2919	360	8	to	to	PART
cblr-2919	360	9	distribute	distribute	VERB
cblr-2919	360	10	"	"	PUNCT
cblr-2919	360	11	model	model	NOUN
cblr-2919	360	12	of	of	ADP
cblr-2919	360	13	mortgage	mortgage	NOUN
cblr-2919	360	14	lending	lending	NOUN
cblr-2919	360	15	has	have	AUX
cblr-2919	360	16	caused	cause	VERB
cblr-2919	360	17	deterioration	deterioration	NOUN
cblr-2919	360	18	in	in	ADP
cblr-2919	360	19	the	the	DET
cblr-2919	360	20	quality	quality	NOUN
cblr-2919	360	21	of	of	ADP
cblr-2919	360	22	lending	lending	NOUN
cblr-2919	360	23	standards.132	standards.132	VERB
cblr-2919	360	24	the	the	DET
cblr-2919	360	25	agency	agency	NOUN
cblr-2919	360	26	will	will	AUX
cblr-2919	360	27	have	have	VERB
cblr-2919	360	28	the	the	DET
cblr-2919	360	29	willingness	willingness	NOUN
cblr-2919	360	30	to	to	PART
cblr-2919	360	31	address	address	VERB
cblr-2919	360	32	this	this	DET
cblr-2919	360	33	problem	problem	NOUN
cblr-2919	360	34	and	and	CCONJ
cblr-2919	360	35	will	will	AUX
cblr-2919	360	36	not	not	PART
cblr-2919	360	37	be	be	AUX
cblr-2919	360	38	stymied	stymie	VERB
cblr-2919	360	39	by	by	ADP
cblr-2919	360	40	any	any	DET
cblr-2919	360	41	coordination	coordination	NOUN
cblr-2919	360	42	issues	issue	NOUN
cblr-2919	360	43	that	that	PRON
cblr-2919	360	44	the	the	DET
cblr-2919	360	45	three	three	NUM
cblr-2919	360	46	competing	compete	VERB
cblr-2919	360	47	cras	cras	X
cblr-2919	360	48	may	may	AUX
cblr-2919	360	49	experience	experience	VERB
cblr-2919	360	50	.	.	PUNCT
cblr-2919	361	1	investors	investor	NOUN
cblr-2919	361	2	will	will	AUX
cblr-2919	361	3	value	value	VERB
cblr-2919	361	4	the	the	DET
cblr-2919	361	5	uniformity	uniformity	NOUN
cblr-2919	361	6	of	of	ADP
cblr-2919	361	7	having	have	VERB
cblr-2919	361	8	one	one	NUM
cblr-2919	361	9	rater	rater	NOUN
cblr-2919	361	10	and	and	CCONJ
cblr-2919	361	11	the	the	DET
cblr-2919	361	12	agency	agency	NOUN
cblr-2919	361	13	's	's	PART
cblr-2919	361	14	transparency	transparency	NOUN
cblr-2919	361	15	.	.	PUNCT
cblr-2919	361	16	"	"	PUNCT
cblr-2919	362	1	the	the	DET
cblr-2919	362	2	agency	agency	NOUN
cblr-2919	362	3	will	will	AUX
cblr-2919	362	4	have	have	VERB
cblr-2919	362	5	no	no	DET
cblr-2919	362	6	competitors	competitor	NOUN
cblr-2919	362	7	,	,	PUNCT
cblr-2919	362	8	so	so	SCONJ
cblr-2919	362	9	it	it	PRON
cblr-2919	362	10	can	can	AUX
cblr-2919	362	11	make	make	VERB
cblr-2919	362	12	available	available	ADJ
cblr-2919	362	13	to	to	ADP
cblr-2919	362	14	the	the	DET
cblr-2919	362	15	public	public	NOUN
cblr-2919	362	16	all	all	DET
cblr-2919	362	17	its	its	PRON
cblr-2919	362	18	methods	method	NOUN
cblr-2919	362	19	,	,	PUNCT
cblr-2919	362	20	models	model	NOUN
cblr-2919	362	21	,	,	PUNCT
cblr-2919	362	22	and	and	CCONJ
cblr-2919	362	23	assumptions	assumption	NOUN
cblr-2919	362	24	.	.	PUNCT
cblr-2919	363	1	also	also	ADV
cblr-2919	363	2	,	,	PUNCT
cblr-2919	363	3	with	with	ADP
cblr-2919	363	4	an	an	DET
cblr-2919	363	5	open	open	ADJ
cblr-2919	363	6	system	system	NOUN
cblr-2919	363	7	,	,	PUNCT
cblr-2919	363	8	the	the	DET
cblr-2919	363	9	agency	agency	NOUN
cblr-2919	363	10	can	can	AUX
cblr-2919	363	11	incorporate	incorporate	VERB
cblr-2919	363	12	ideas	idea	NOUN
cblr-2919	363	13	from	from	ADP
cblr-2919	363	14	a	a	DET
cblr-2919	363	15	spectrum	spectrum	NOUN
cblr-2919	363	16	of	of	ADP
cblr-2919	363	17	interested	interested	ADJ
cblr-2919	363	18	third	third	ADJ
cblr-2919	363	19	parties	party	NOUN
cblr-2919	363	20	,	,	PUNCT
cblr-2919	363	21	particularly	particularly	ADV
cblr-2919	363	22	academics	academic	NOUN
cblr-2919	363	23	and	and	CCONJ
cblr-2919	363	24	financial	financial	ADJ
cblr-2919	363	25	130	130	NUM
cblr-2919	363	26	see	see	NOUN
cblr-2919	363	27	iosco	iosco	NOUN
cblr-2919	363	28	,	,	PUNCT
cblr-2919	363	29	supra	supra	PROPN
cblr-2919	363	30	note	note	PROPN
cblr-2919	363	31	1	1	NUM
cblr-2919	363	32	,	,	PUNCT
cblr-2919	363	33	at	at	ADP
cblr-2919	363	34	8	8	NUM
cblr-2919	363	35	.	.	PUNCT
cblr-2919	364	1	..	..	PUNCT
cblr-2919	364	2	1	1	NUM
cblr-2919	364	3	see	see	VERB
cblr-2919	364	4	nrsro	nrsro	ADJ
cblr-2919	364	5	report	report	NOUN
cblr-2919	364	6	,	,	PUNCT
cblr-2919	364	7	supra	supra	PROPN
cblr-2919	364	8	note	note	PROPN
cblr-2919	364	9	36	36	NUM
cblr-2919	364	10	,	,	PUNCT
cblr-2919	364	11	at	at	ADP
cblr-2919	364	12	35	35	NUM
cblr-2919	364	13	.	.	PUNCT
cblr-2919	365	1	132	132	NUM
cblr-2919	365	2	iosco	iosco	NOUN
cblr-2919	365	3	,	,	PUNCT
cblr-2919	365	4	supra	supra	PROPN
cblr-2919	365	5	note	note	PROPN
cblr-2919	365	6	1	1	NUM
cblr-2919	365	7	,	,	PUNCT
cblr-2919	365	8	at	at	ADP
cblr-2919	365	9	5	5	NUM
cblr-2919	365	10	n.9	n.9	NOUN
cblr-2919	365	11	.	.	PUNCT
cblr-2919	366	1	.33	.33	NUM
cblr-2919	366	2	see	see	VERB
cblr-2919	366	3	i	i	PRON
cblr-2919	366	4	d.	d.	PROPN
cblr-2919	366	5	at	at	ADP
cblr-2919	366	6	9	9	NUM
cblr-2919	366	7	(	(	PUNCT
cblr-2919	366	8	noting	note	VERB
cblr-2919	366	9	that	that	SCONJ
cblr-2919	366	10	variety	variety	NOUN
cblr-2919	366	11	in	in	ADP
cblr-2919	366	12	cras	cras	PROPN
cblr-2919	366	13	'	'	PART
cblr-2919	366	14	ratings	rating	NOUN
cblr-2919	366	15	methodologies	methodology	NOUN
cblr-2919	366	16	and	and	CCONJ
cblr-2919	366	17	lack	lack	NOUN
cblr-2919	366	18	of	of	ADP
cblr-2919	366	19	disclosure	disclosure	NOUN
cblr-2919	366	20	makes	make	VERB
cblr-2919	366	21	evaluation	evaluation	NOUN
cblr-2919	366	22	of	of	ADP
cblr-2919	366	23	cras	cras	PROPN
cblr-2919	366	24	'	'	PART
cblr-2919	366	25	performance	performance	NOUN
cblr-2919	366	26	difficult	difficult	ADJ
cblr-2919	366	27	)	)	PUNCT
cblr-2919	366	28	.	.	PUNCT
cblr-2919	367	1	266	266	NUM
cblr-2919	368	1	[	[	X
cblr-2919	368	2	vol	vol	NOUN
cblr-2919	368	3	.	.	PUNCT
cblr-2919	368	4	2010	2010	NUM
cblr-2919	368	5	no	no	INTJ
cblr-2919	368	6	.	.	PUNCT
cblr-2919	369	1	1:245	1:245	NUM
cblr-2919	369	2	]	]	X
cblr-2919	369	3	mortgage	mortgage	NOUN
cblr-2919	369	4	credit	credit	NOUN
cblr-2919	369	5	ratings	rating	NOUN
cblr-2919	369	6	and	and	CCONJ
cblr-2919	369	7	financial	financial	ADJ
cblr-2919	369	8	crisis	crisis	NOUN
cblr-2919	369	9	commentators	commentator	NOUN
cblr-2919	369	10	.	.	PUNCT
cblr-2919	370	1	a	a	DET
cblr-2919	370	2	more	more	ADV
cblr-2919	370	3	transparent	transparent	ADJ
cblr-2919	370	4	system	system	NOUN
cblr-2919	370	5	would	would	AUX
cblr-2919	370	6	have	have	AUX
cblr-2919	370	7	been	be	AUX
cblr-2919	370	8	particularly	particularly	ADV
cblr-2919	370	9	useful	useful	ADJ
cblr-2919	370	10	the	the	DET
cblr-2919	370	11	last	last	ADJ
cblr-2919	370	12	few	few	ADJ
cblr-2919	370	13	years	year	NOUN
cblr-2919	370	14	because	because	SCONJ
cblr-2919	370	15	warning	warn	VERB
cblr-2919	370	16	signs	sign	NOUN
cblr-2919	370	17	of	of	ADP
cblr-2919	370	18	an	an	DET
cblr-2919	370	19	impending	impending	ADJ
cblr-2919	370	20	structured	structured	ADJ
cblr-2919	370	21	finance	finance	NOUN
cblr-2919	370	22	collapse	collapse	NOUN
cblr-2919	370	23	were	be	AUX
cblr-2919	370	24	"	"	PUNCT
cblr-2919	370	25	on	on	ADP
cblr-2919	370	26	the	the	DET
cblr-2919	370	27	industry	industry	NOUN
cblr-2919	370	28	side	side	NOUN
cblr-2919	370	29	...	...	PUNCT
cblr-2919	370	30	dismissed	dismiss	VERB
cblr-2919	370	31	,	,	PUNCT
cblr-2919	370	32	"	"	PUNCT
cblr-2919	370	33	while	while	SCONJ
cblr-2919	370	34	academics	academic	NOUN
cblr-2919	370	35	who	who	PRON
cblr-2919	370	36	were	be	AUX
cblr-2919	370	37	anticipating	anticipate	VERB
cblr-2919	370	38	a	a	DET
cblr-2919	370	39	collapse	collapse	NOUN
cblr-2919	370	40	were	be	AUX
cblr-2919	370	41	ignored.1	ignored.1	PROPN
cblr-2919	370	42	34	34	NUM
cblr-2919	370	43	outsiders	outsider	NOUN
cblr-2919	370	44	will	will	AUX
cblr-2919	370	45	be	be	AUX
cblr-2919	370	46	able	able	ADJ
cblr-2919	370	47	to	to	PART
cblr-2919	370	48	critique	critique	VERB
cblr-2919	370	49	the	the	DET
cblr-2919	370	50	agency	agency	NOUN
cblr-2919	370	51	's	's	PART
cblr-2919	370	52	performance	performance	NOUN
cblr-2919	370	53	,	,	PUNCT
cblr-2919	370	54	for	for	ADP
cblr-2919	370	55	example	example	NOUN
cblr-2919	370	56	,	,	PUNCT
cblr-2919	370	57	by	by	ADP
cblr-2919	370	58	pointing	point	VERB
cblr-2919	370	59	out	out	ADP
cblr-2919	370	60	where	where	SCONJ
cblr-2919	370	61	an	an	DET
cblr-2919	370	62	old	old	ADJ
cblr-2919	370	63	model	model	NOUN
cblr-2919	370	64	does	do	AUX
cblr-2919	370	65	not	not	PART
cblr-2919	370	66	fit	fit	VERB
cblr-2919	370	67	new	new	ADJ
cblr-2919	370	68	data	datum	NOUN
cblr-2919	370	69	.	.	PUNCT
cblr-2919	371	1	additionally	additionally	ADV
cblr-2919	371	2	,	,	PUNCT
cblr-2919	371	3	to	to	ADP
cblr-2919	371	4	the	the	DET
cblr-2919	371	5	extent	extent	NOUN
cblr-2919	371	6	that	that	SCONJ
cblr-2919	371	7	this	this	PRON
cblr-2919	371	8	does	do	AUX
cblr-2919	371	9	not	not	PART
cblr-2919	371	10	conflict	conflict	VERB
cblr-2919	371	11	with	with	ADP
cblr-2919	371	12	uniformity	uniformity	NOUN
cblr-2919	371	13	or	or	CCONJ
cblr-2919	371	14	disrupt	disrupt	NOUN
cblr-2919	371	15	marketability	marketability	NOUN
cblr-2919	371	16	,	,	PUNCT
cblr-2919	371	17	there	there	PRON
cblr-2919	371	18	can	can	AUX
cblr-2919	371	19	be	be	AUX
cblr-2919	371	20	addendums	addendum	NOUN
cblr-2919	371	21	to	to	ADP
cblr-2919	371	22	a	a	DET
cblr-2919	371	23	rating	rating	NOUN
cblr-2919	371	24	that	that	PRON
cblr-2919	371	25	acknowledge	acknowledge	VERB
cblr-2919	371	26	differing	differ	VERB
cblr-2919	371	27	opinions	opinion	NOUN
cblr-2919	371	28	within	within	ADP
cblr-2919	371	29	the	the	DET
cblr-2919	371	30	agency	agency	NOUN
cblr-2919	371	31	or	or	CCONJ
cblr-2919	371	32	by	by	ADP
cblr-2919	371	33	outside	outside	ADJ
cblr-2919	371	34	experts	expert	NOUN
cblr-2919	371	35	.	.	PUNCT
cblr-2919	372	1	in	in	ADP
cblr-2919	372	2	its	its	PRON
cblr-2919	372	3	2009	2009	NUM
cblr-2919	372	4	cra	cra	PROPN
cblr-2919	372	5	rule	rule	NOUN
cblr-2919	372	6	changes	change	NOUN
cblr-2919	372	7	,	,	PUNCT
cblr-2919	372	8	the	the	DET
cblr-2919	372	9	sec	sec	PROPN
cblr-2919	372	10	made	make	VERB
cblr-2919	372	11	some	some	DET
cblr-2919	372	12	progress	progress	NOUN
cblr-2919	372	13	in	in	ADP
cblr-2919	372	14	addressing	address	VERB
cblr-2919	372	15	cra	cra	PROPN
cblr-2919	372	16	transparency	transparency	NOUN
cblr-2919	372	17	.	.	PUNCT
cblr-2919	373	1	the	the	DET
cblr-2919	373	2	sec	sec	PROPN
cblr-2919	373	3	now	now	ADV
cblr-2919	373	4	requires	require	VERB
cblr-2919	373	5	cras	cras	PROPN
cblr-2919	373	6	to	to	PART
cblr-2919	373	7	report	report	VERB
cblr-2919	373	8	material	material	NOUN
cblr-2919	373	9	deviations	deviation	NOUN
cblr-2919	373	10	from	from	ADP
cblr-2919	373	11	models	model	NOUN
cblr-2919	373	12	.	.	PUNCT
cblr-2919	373	13	'	'	PUNCT
cblr-2919	374	1	also	also	ADV
cblr-2919	374	2	,	,	PUNCT
cblr-2919	374	3	the	the	DET
cblr-2919	374	4	sec	sec	PROPN
cblr-2919	374	5	added	add	VERB
cblr-2919	374	6	the	the	DET
cblr-2919	374	7	requirement	requirement	NOUN
cblr-2919	374	8	that	that	SCONJ
cblr-2919	374	9	cras	cras	PROPN
cblr-2919	374	10	disclose	disclose	VERB
cblr-2919	374	11	to	to	ADP
cblr-2919	374	12	the	the	DET
cblr-2919	374	13	public	public	ADJ
cblr-2919	374	14	general	general	ADJ
cblr-2919	374	15	performance	performance	NOUN
cblr-2919	374	16	standards	standard	NOUN
cblr-2919	374	17	and	and	CCONJ
cblr-2919	374	18	,	,	PUNCT
cblr-2919	374	19	for	for	ADP
cblr-2919	374	20	ten	ten	NUM
cblr-2919	374	21	percent	percent	NOUN
cblr-2919	374	22	of	of	ADP
cblr-2919	374	23	securities	security	NOUN
cblr-2919	374	24	ratings	rating	NOUN
cblr-2919	374	25	,	,	PUNCT
cblr-2919	374	26	complete	complete	ADJ
cblr-2919	374	27	case	case	NOUN
cblr-2919	374	28	histories	history	NOUN
cblr-2919	374	29	.	.	PUNCT
cblr-2919	374	30	'3	'3	X
cblr-2919	374	31	6	6	NUM
cblr-2919	374	32	additionally	additionally	ADV
cblr-2919	374	33	,	,	PUNCT
cblr-2919	374	34	the	the	DET
cblr-2919	374	35	cras	cras	X
cblr-2919	374	36	will	will	AUX
cblr-2919	374	37	be	be	AUX
cblr-2919	374	38	required	require	VERB
cblr-2919	374	39	to	to	PART
cblr-2919	374	40	disclose	disclose	VERB
cblr-2919	374	41	their	their	PRON
cblr-2919	374	42	assessments	assessment	NOUN
cblr-2919	374	43	of	of	ADP
cblr-2919	374	44	the	the	DET
cblr-2919	374	45	quality	quality	NOUN
cblr-2919	374	46	of	of	ADP
cblr-2919	374	47	the	the	DET
cblr-2919	374	48	originator	originator	NOUN
cblr-2919	374	49	's	's	PART
cblr-2919	374	50	information	information	NOUN
cblr-2919	374	51	.	.	PUNCT
cblr-2919	374	52	'	'	PUNCT
cblr-2919	375	1	however	however	ADV
cblr-2919	375	2	,	,	PUNCT
cblr-2919	375	3	these	these	DET
cblr-2919	375	4	disclosure	disclosure	NOUN
cblr-2919	375	5	requirements	requirement	NOUN
cblr-2919	375	6	do	do	AUX
cblr-2919	375	7	not	not	PART
cblr-2919	375	8	go	go	VERB
cblr-2919	375	9	as	as	ADV
cblr-2919	375	10	far	far	ADV
cblr-2919	375	11	as	as	ADP
cblr-2919	375	12	the	the	DET
cblr-2919	375	13	agency	agency	NOUN
cblr-2919	375	14	's	's	PART
cblr-2919	375	15	disclosure	disclosure	NOUN
cblr-2919	375	16	requirements	requirement	NOUN
cblr-2919	375	17	.	.	PUNCT
cblr-2919	376	1	invariably	invariably	ADV
cblr-2919	376	2	,	,	PUNCT
cblr-2919	376	3	as	as	ADP
cblr-2919	376	4	profit	profit	NOUN
cblr-2919	376	5	maximizing	maximize	VERB
cblr-2919	376	6	entities	entity	NOUN
cblr-2919	376	7	,	,	PUNCT
cblr-2919	376	8	the	the	DET
cblr-2919	376	9	cras	cras	X
cblr-2919	376	10	will	will	AUX
cblr-2919	376	11	hold	hold	VERB
cblr-2919	376	12	back	back	ADP
cblr-2919	376	13	on	on	ADP
cblr-2919	376	14	revealing	reveal	VERB
cblr-2919	376	15	specific	specific	ADJ
cblr-2919	376	16	models	model	NOUN
cblr-2919	376	17	,	,	PUNCT
cblr-2919	376	18	assumptions	assumption	NOUN
cblr-2919	376	19	,	,	PUNCT
cblr-2919	376	20	or	or	CCONJ
cblr-2919	376	21	other	other	ADJ
cblr-2919	376	22	information	information	NOUN
cblr-2919	376	23	they	they	PRON
cblr-2919	376	24	would	would	AUX
cblr-2919	376	25	want	want	VERB
cblr-2919	376	26	to	to	PART
cblr-2919	376	27	keep	keep	VERB
cblr-2919	376	28	secret	secret	ADJ
cblr-2919	376	29	from	from	ADP
cblr-2919	376	30	their	their	PRON
cblr-2919	376	31	competitors	competitor	NOUN
cblr-2919	376	32	.	.	PUNCT
cblr-2919	376	33	'3	'3	PART
cblr-2919	376	34	8	8	NUM
cblr-2919	376	35	on	on	ADP
cblr-2919	376	36	the	the	DET
cblr-2919	376	37	other	other	ADJ
cblr-2919	376	38	hand	hand	NOUN
cblr-2919	376	39	,	,	PUNCT
cblr-2919	376	40	the	the	DET
cblr-2919	376	41	agency	agency	NOUN
cblr-2919	376	42	's	's	PART
cblr-2919	376	43	transparency	transparency	NOUN
cblr-2919	376	44	will	will	AUX
cblr-2919	376	45	be	be	AUX
cblr-2919	376	46	designed	design	VERB
cblr-2919	376	47	to	to	PART
cblr-2919	376	48	allow	allow	VERB
cblr-2919	376	49	investors	investor	NOUN
cblr-2919	376	50	,	,	PUNCT
cblr-2919	376	51	scholars	scholar	NOUN
cblr-2919	376	52	,	,	PUNCT
cblr-2919	376	53	and	and	CCONJ
cblr-2919	376	54	other	other	ADJ
cblr-2919	376	55	interested	interested	ADJ
cblr-2919	376	56	third	third	ADJ
cblr-2919	376	57	parties	party	NOUN
cblr-2919	376	58	to	to	PART
cblr-2919	376	59	recreate	recreate	VERB
cblr-2919	376	60	step	step	NOUN
cblr-2919	376	61	-	-	PUNCT
cblr-2919	376	62	by	by	ADP
cblr-2919	376	63	-	-	PUNCT
cblr-2919	376	64	step	step	VERB
cblr-2919	376	65	the	the	DET
cblr-2919	376	66	agency	agency	NOUN
cblr-2919	376	67	's	's	PART
cblr-2919	376	68	credit	credit	NOUN
cblr-2919	376	69	rating	rating	NOUN
cblr-2919	376	70	process	process	NOUN
cblr-2919	376	71	.	.	PUNCT
cblr-2919	377	1	only	only	ADV
cblr-2919	377	2	with	with	ADP
cblr-2919	377	3	that	that	DET
cblr-2919	377	4	level	level	NOUN
cblr-2919	377	5	of	of	ADP
cblr-2919	377	6	candor	candor	NOUN
cblr-2919	377	7	will	will	AUX
cblr-2919	377	8	investor	investor	NOUN
cblr-2919	377	9	confidence	confidence	NOUN
cblr-2919	377	10	be	be	AUX
cblr-2919	377	11	resurrected	resurrect	VERB
cblr-2919	377	12	and	and	CCONJ
cblr-2919	377	13	maintained	maintain	VERB
cblr-2919	377	14	for	for	ADP
cblr-2919	377	15	r	r	NOUN
cblr-2919	377	16	-	-	PUNCT
cblr-2919	377	17	cdo	cdo	ADJ
cblr-2919	377	18	and	and	CCONJ
cblr-2919	377	19	rmbs	rmb	NOUN
cblr-2919	377	20	ratings	rating	NOUN
cblr-2919	377	21	.	.	PUNCT
cblr-2919	378	1	134	134	NUM
cblr-2919	378	2	see	see	VERB
cblr-2919	378	3	steve	steve	PROPN
cblr-2919	378	4	lohr	lohr	PROPN
cblr-2919	378	5	,	,	PUNCT
cblr-2919	378	6	wall	wall	PROPN
cblr-2919	378	7	street	street	PROPN
cblr-2919	378	8	's	's	PART
cblr-2919	378	9	extreme	extreme	ADJ
cblr-2919	378	10	sport	sport	NOUN
cblr-2919	378	11	,	,	PUNCT
cblr-2919	378	12	n.y	n.y	PROPN
cblr-2919	378	13	.	.	PROPN
cblr-2919	378	14	times	times	PROPN
cblr-2919	378	15	,	,	PUNCT
cblr-2919	378	16	nov	nov	PROPN
cblr-2919	378	17	.	.	PROPN
cblr-2919	378	18	5	5	NUM
cblr-2919	378	19	,	,	PUNCT
cblr-2919	378	20	2008	2008	NUM
cblr-2919	378	21	,	,	PUNCT
cblr-2919	378	22	at	at	ADP
cblr-2919	378	23	bl	bl	PROPN
cblr-2919	378	24	.	.	PROPN
cblr-2919	378	25	's	's	PART
cblr-2919	378	26	'	'	PUNCT
cblr-2919	378	27	nazareth	nazareth	PROPN
cblr-2919	378	28	,	,	PUNCT
cblr-2919	378	29	supra	supra	PROPN
cblr-2919	378	30	note	note	NOUN
cblr-2919	378	31	65	65	NUM
cblr-2919	378	32	.	.	NOUN
cblr-2919	378	33	136	136	NUM
cblr-2919	379	1	i	i	PRON
cblr-2919	379	2	d.	d.	PROPN
cblr-2919	379	3	137	137	NUM
cblr-2919	380	1	i	i	PROPN
cblr-2919	380	2	d.	d.	PROPN
cblr-2919	380	3	"	"	PUNCT
cblr-2919	380	4	'	'	PUNCT
cblr-2919	380	5	if	if	SCONJ
cblr-2919	380	6	the	the	DET
cblr-2919	380	7	sec	sec	PROPN
cblr-2919	380	8	mandated	mandate	VERB
cblr-2919	380	9	total	total	ADJ
cblr-2919	380	10	disclosure	disclosure	NOUN
cblr-2919	380	11	,	,	PUNCT
cblr-2919	380	12	competitors	competitor	NOUN
cblr-2919	380	13	would	would	AUX
cblr-2919	380	14	copy	copy	VERB
cblr-2919	380	15	models	model	NOUN
cblr-2919	380	16	and	and	CCONJ
cblr-2919	380	17	there	there	PRON
cblr-2919	380	18	would	would	AUX
cblr-2919	380	19	be	be	AUX
cblr-2919	380	20	no	no	DET
cblr-2919	380	21	incentive	incentive	NOUN
cblr-2919	380	22	to	to	PART
cblr-2919	380	23	invest	invest	VERB
cblr-2919	380	24	in	in	ADP
cblr-2919	380	25	superior	superior	ADJ
cblr-2919	380	26	models	model	NOUN
cblr-2919	380	27	.	.	PUNCT
cblr-2919	381	1	carol	carol	PROPN
cblr-2919	381	2	ann	ann	PROPN
cblr-2919	381	3	frost	frost	PROPN
cblr-2919	381	4	,	,	PUNCT
cblr-2919	381	5	credit	credit	NOUN
cblr-2919	381	6	rating	rating	NOUN
cblr-2919	381	7	agencies	agency	NOUN
cblr-2919	381	8	in	in	ADP
cblr-2919	381	9	capital	capital	NOUN
cblr-2919	381	10	markets	market	NOUN
cblr-2919	381	11	:	:	PUNCT
cblr-2919	381	12	a	a	DET
cblr-2919	381	13	review	review	NOUN
cblr-2919	381	14	of	of	ADP
cblr-2919	381	15	research	research	NOUN
cblr-2919	381	16	evidence	evidence	NOUN
cblr-2919	381	17	on	on	ADP
cblr-2919	381	18	selected	select	VERB
cblr-2919	381	19	criticisms	criticism	NOUN
cblr-2919	381	20	of	of	ADP
cblr-2919	381	21	the	the	DET
cblr-2919	381	22	agencies	agency	NOUN
cblr-2919	381	23	,	,	PUNCT
cblr-2919	381	24	22	22	NUM
cblr-2919	381	25	j.	j.	PROPN
cblr-2919	381	26	acct	acct	PROPN
cblr-2919	381	27	.	.	PUNCT
cblr-2919	381	28	,	,	PUNCT
cblr-2919	381	29	auditing	auditing	NOUN
cblr-2919	381	30	&	&	CCONJ
cblr-2919	381	31	fin	fin	PROPN
cblr-2919	381	32	.	.	PUNCT
cblr-2919	382	1	469	469	NUM
cblr-2919	382	2	,	,	PUNCT
cblr-2919	382	3	476	476	NUM
cblr-2919	382	4	n.26	n.26	PROPN
cblr-2919	382	5	(	(	PUNCT
cblr-2919	382	6	2007	2007	NUM
cblr-2919	382	7	)	)	PUNCT
cblr-2919	382	8	.	.	PUNCT
cblr-2919	383	1	267	267	NUM
cblr-2919	383	2	columbia	columbia	PROPN
cblr-2919	383	3	business	business	PROPN
cblr-2919	383	4	la	la	PROPN
cblr-2919	383	5	wreview	wreview	VERB
cblr-2919	383	6	additionally	additionally	ADV
cblr-2919	383	7	,	,	PUNCT
cblr-2919	383	8	it	it	PRON
cblr-2919	383	9	should	should	AUX
cblr-2919	383	10	be	be	AUX
cblr-2919	383	11	noted	note	VERB
cblr-2919	383	12	that	that	SCONJ
cblr-2919	383	13	the	the	DET
cblr-2919	383	14	sec	sec	PROPN
cblr-2919	383	15	is	be	AUX
cblr-2919	383	16	making	make	VERB
cblr-2919	383	17	these	these	DET
cblr-2919	383	18	rule	rule	NOUN
cblr-2919	383	19	changes	change	NOUN
cblr-2919	383	20	after	after	SCONJ
cblr-2919	383	21	the	the	DET
cblr-2919	383	22	cras	cras	X
cblr-2919	383	23	'	'	PART
cblr-2919	383	24	damage	damage	NOUN
cblr-2919	383	25	has	have	AUX
cblr-2919	383	26	already	already	ADV
cblr-2919	383	27	been	be	AUX
cblr-2919	383	28	done	do	VERB
cblr-2919	383	29	.	.	PUNCT
cblr-2919	384	1	with	with	ADP
cblr-2919	384	2	this	this	DET
cblr-2919	384	3	record	record	NOUN
cblr-2919	384	4	of	of	ADP
cblr-2919	384	5	inaction	inaction	NOUN
cblr-2919	384	6	,	,	PUNCT
cblr-2919	384	7	it	it	PRON
cblr-2919	384	8	becomes	become	VERB
cblr-2919	384	9	a	a	DET
cblr-2919	384	10	serious	serious	ADJ
cblr-2919	384	11	question	question	NOUN
cblr-2919	384	12	whether	whether	SCONJ
cblr-2919	384	13	the	the	DET
cblr-2919	384	14	sec	sec	PROPN
cblr-2919	384	15	will	will	AUX
cblr-2919	384	16	really	really	ADV
cblr-2919	384	17	be	be	AUX
cblr-2919	384	18	able	able	ADJ
cblr-2919	384	19	to	to	PART
cblr-2919	384	20	enforce	enforce	VERB
cblr-2919	384	21	these	these	DET
cblr-2919	384	22	transparency	transparency	NOUN
cblr-2919	384	23	measures	measure	NOUN
cblr-2919	384	24	or	or	CCONJ
cblr-2919	384	25	address	address	VERB
cblr-2919	384	26	other	other	ADJ
cblr-2919	384	27	future	future	ADJ
cblr-2919	384	28	problems	problem	NOUN
cblr-2919	384	29	.	.	PUNCT
cblr-2919	385	1	manns	manns	PROPN
cblr-2919	385	2	notes	note	VERB
cblr-2919	385	3	that	that	SCONJ
cblr-2919	385	4	"	"	PUNCT
cblr-2919	385	5	the	the	DET
cblr-2919	385	6	advantages	advantage	NOUN
cblr-2919	385	7	or	or	CCONJ
cblr-2919	385	8	skills	skill	NOUN
cblr-2919	385	9	that	that	PRON
cblr-2919	385	10	make	make	VERB
cblr-2919	385	11	private	private	ADJ
cblr-2919	385	12	gatekeepers	gatekeeper	NOUN
cblr-2919	385	13	serve	serve	VERB
cblr-2919	385	14	as	as	ADP
cblr-2919	385	15	attractive	attractive	ADJ
cblr-2919	385	16	complements	complement	NOUN
cblr-2919	385	17	or	or	CCONJ
cblr-2919	385	18	substitutes	substitute	NOUN
cblr-2919	385	19	for	for	ADP
cblr-2919	385	20	public	public	ADJ
cblr-2919	385	21	enforcement	enforcement	NOUN
cblr-2919	385	22	may	may	AUX
cblr-2919	385	23	also	also	ADV
cblr-2919	385	24	equip	equip	VERB
cblr-2919	385	25	these	these	DET
cblr-2919	385	26	gatekeepers	gatekeeper	NOUN
cblr-2919	385	27	with	with	ADP
cblr-2919	385	28	the	the	DET
cblr-2919	385	29	tools	tool	NOUN
cblr-2919	385	30	to	to	PART
cblr-2919	385	31	facilitate	facilitate	VERB
cblr-2919	385	32	illicit	illicit	ADJ
cblr-2919	385	33	activity	activity	NOUN
cblr-2919	385	34	and	and	CCONJ
cblr-2919	385	35	to	to	PART
cblr-2919	385	36	obfuscate	obfuscate	VERB
cblr-2919	385	37	their	their	PRON
cblr-2919	385	38	malfeasance	malfeasance	NOUN
cblr-2919	385	39	.	.	PUNCT
cblr-2919	386	1	"3	"3	NOUN
cblr-2919	386	2	9	9	NUM
cblr-2919	386	3	it	it	PRON
cblr-2919	386	4	seems	seem	VERB
cblr-2919	386	5	that	that	SCONJ
cblr-2919	386	6	only	only	ADV
cblr-2919	386	7	when	when	SCONJ
cblr-2919	386	8	their	their	PRON
cblr-2919	386	9	malfeasance	malfeasance	NOUN
cblr-2919	386	10	becomes	become	VERB
cblr-2919	386	11	a	a	DET
cblr-2919	386	12	crisis	crisis	NOUN
cblr-2919	386	13	,	,	PUNCT
cblr-2919	386	14	as	as	SCONJ
cblr-2919	386	15	it	it	PRON
cblr-2919	386	16	has	have	AUX
cblr-2919	386	17	now	now	ADV
cblr-2919	386	18	,	,	PUNCT
cblr-2919	386	19	does	do	AUX
cblr-2919	386	20	the	the	DET
cblr-2919	386	21	sec	sec	PROPN
cblr-2919	386	22	respond	respond	VERB
cblr-2919	386	23	.	.	PUNCT
cblr-2919	387	1	the	the	DET
cblr-2919	387	2	agency	agency	NOUN
cblr-2919	387	3	,	,	PUNCT
cblr-2919	387	4	unlike	unlike	ADP
cblr-2919	387	5	the	the	DET
cblr-2919	387	6	sec	sec	PROPN
cblr-2919	387	7	,	,	PUNCT
cblr-2919	387	8	will	will	AUX
cblr-2919	387	9	have	have	VERB
cblr-2919	387	10	the	the	DET
cblr-2919	387	11	advantage	advantage	NOUN
cblr-2919	387	12	of	of	ADP
cblr-2919	387	13	being	be	AUX
cblr-2919	387	14	on	on	ADP
cblr-2919	387	15	the	the	DET
cblr-2919	387	16	front	front	ADJ
cblr-2919	387	17	lines	line	NOUN
cblr-2919	387	18	of	of	ADP
cblr-2919	387	19	the	the	DET
cblr-2919	387	20	securitization	securitization	NOUN
cblr-2919	387	21	process	process	NOUN
cblr-2919	387	22	,	,	PUNCT
cblr-2919	387	23	inspecting	inspect	VERB
cblr-2919	387	24	each	each	DET
cblr-2919	387	25	rmbs	rmb	NOUN
cblr-2919	387	26	and	and	CCONJ
cblr-2919	387	27	r	r	NOUN
cblr-2919	387	28	-	-	PUNCT
cblr-2919	387	29	cdo	cdo	ADJ
cblr-2919	387	30	,	,	PUNCT
cblr-2919	387	31	and	and	CCONJ
cblr-2919	387	32	anticipating	anticipate	VERB
cblr-2919	387	33	problems	problem	NOUN
cblr-2919	387	34	in	in	ADP
cblr-2919	387	35	the	the	DET
cblr-2919	387	36	securitization	securitization	NOUN
cblr-2919	387	37	process	process	NOUN
cblr-2919	387	38	,	,	PUNCT
cblr-2919	387	39	instead	instead	ADV
cblr-2919	387	40	of	of	ADP
cblr-2919	387	41	just	just	ADV
cblr-2919	387	42	reacting	react	VERB
cblr-2919	387	43	to	to	ADP
cblr-2919	387	44	them	they	PRON
cblr-2919	387	45	.	.	PUNCT
cblr-2919	388	1	c.	c.	PROPN
cblr-2919	388	2	economic	economic	ADJ
cblr-2919	388	3	regulation	regulation	NOUN
cblr-2919	388	4	and	and	CCONJ
cblr-2919	388	5	nrsros	nrsro	NOUN
cblr-2919	388	6	the	the	DET
cblr-2919	388	7	agency	agency	NOUN
cblr-2919	388	8	's	's	PART
cblr-2919	388	9	restrictions	restriction	NOUN
cblr-2919	388	10	on	on	ADP
cblr-2919	388	11	rmbs	rmb	NOUN
cblr-2919	388	12	and	and	CCONJ
cblr-2919	388	13	r	r	NOUN
cblr-2919	388	14	-	-	PUNCT
cblr-2919	388	15	cdo	cdo	ADJ
cblr-2919	388	16	creativity	creativity	NOUN
cblr-2919	388	17	will	will	AUX
cblr-2919	388	18	protect	protect	VERB
cblr-2919	388	19	the	the	DET
cblr-2919	388	20	interests	interest	NOUN
cblr-2919	388	21	of	of	ADP
cblr-2919	388	22	investors	investor	NOUN
cblr-2919	388	23	.	.	PUNCT
cblr-2919	389	1	the	the	DET
cblr-2919	389	2	agency	agency	NOUN
cblr-2919	389	3	needs	need	VERB
cblr-2919	389	4	to	to	PART
cblr-2919	389	5	protect	protect	VERB
cblr-2919	389	6	investors	investor	NOUN
cblr-2919	389	7	,	,	PUNCT
cblr-2919	389	8	even	even	ADV
cblr-2919	389	9	sophisticated	sophisticated	ADJ
cblr-2919	389	10	ones	one	NOUN
cblr-2919	389	11	,	,	PUNCT
cblr-2919	389	12	because	because	SCONJ
cblr-2919	389	13	issuers	issuer	NOUN
cblr-2919	389	14	took	take	VERB
cblr-2919	389	15	advantage	advantage	NOUN
cblr-2919	389	16	of	of	ADP
cblr-2919	389	17	investors	investor	NOUN
cblr-2919	389	18	'	'	PART
cblr-2919	389	19	trust	trust	NOUN
cblr-2919	389	20	in	in	ADP
cblr-2919	389	21	the	the	DET
cblr-2919	389	22	rating	rating	NOUN
cblr-2919	389	23	process	process	NOUN
cblr-2919	389	24	to	to	PART
cblr-2919	389	25	engage	engage	VERB
cblr-2919	389	26	in	in	ADP
cblr-2919	389	27	"	"	PUNCT
cblr-2919	389	28	ratings	rating	NOUN
cblr-2919	389	29	arbitrage	arbitrage	NOUN
cblr-2919	389	30	.	.	PUNCT
cblr-2919	389	31	"	"	PUNCT
cblr-2919	389	32	'	'	PUNCT
cblr-2919	389	33	according	accord	VERB
cblr-2919	389	34	to	to	ADP
cblr-2919	389	35	the	the	DET
cblr-2919	389	36	securities	security	NOUN
cblr-2919	389	37	industry	industry	NOUN
cblr-2919	389	38	and	and	CCONJ
cblr-2919	389	39	financial	financial	ADJ
cblr-2919	389	40	markets	market	NOUN
cblr-2919	389	41	association	association	NOUN
cblr-2919	389	42	(	(	PUNCT
cblr-2919	389	43	sifma	sifma	NOUN
cblr-2919	389	44	)	)	PUNCT
cblr-2919	389	45	,	,	PUNCT
cblr-2919	389	46	"	"	PUNCT
cblr-2919	389	47	arbitrage	arbitrage	NOUN
cblr-2919	389	48	cdos	cdo	NOUN
cblr-2919	389	49	attempt	attempt	VERB
cblr-2919	389	50	to	to	PART
cblr-2919	389	51	capture	capture	VERB
cblr-2919	389	52	the	the	DET
cblr-2919	389	53	mismatch	mismatch	NOUN
cblr-2919	389	54	between	between	ADP
cblr-2919	389	55	the	the	DET
cblr-2919	389	56	yields	yield	NOUN
cblr-2919	389	57	of	of	ADP
cblr-2919	389	58	assets	asset	NOUN
cblr-2919	389	59	[	[	X
cblr-2919	389	60	cdo	cdo	NOUN
cblr-2919	389	61	collateral	collateral	NOUN
cblr-2919	389	62	]	]	PUNCT
cblr-2919	389	63	and	and	CCONJ
cblr-2919	389	64	the	the	DET
cblr-2919	389	65	financing	financing	NOUN
cblr-2919	389	66	costs	cost	NOUN
cblr-2919	389	67	of	of	ADP
cblr-2919	389	68	the	the	DET
cblr-2919	389	69	generally	generally	ADV
cblr-2919	389	70	higher	high	ADJ
cblr-2919	389	71	rated	rate	VERB
cblr-2919	389	72	liabilities	liability	NOUN
cblr-2919	389	73	[	[	X
cblr-2919	389	74	cdo	cdo	NOUN
cblr-2919	389	75	tranches]."141	tranches]."141	VERB
cblr-2919	389	76	in	in	ADP
cblr-2919	389	77	other	other	ADJ
cblr-2919	389	78	words	word	NOUN
cblr-2919	389	79	,	,	PUNCT
cblr-2919	389	80	through	through	ADP
cblr-2919	389	81	the	the	DET
cblr-2919	389	82	use	use	NOUN
cblr-2919	389	83	of	of	ADP
cblr-2919	389	84	ratings	rating	NOUN
cblr-2919	389	85	,	,	PUNCT
cblr-2919	389	86	the	the	DET
cblr-2919	389	87	total	total	NOUN
cblr-2919	389	88	-	-	PUNCT
cblr-2919	389	89	an	an	DET
cblr-2919	389	90	rcdo	rcdo	NOUN
cblr-2919	389	91	security	security	NOUN
cblr-2919	389	92	composed	compose	VERB
cblr-2919	389	93	of	of	ADP
cblr-2919	389	94	rmbss	rmbss	NOUN
cblr-2919	389	95	-	-	PUNCT
cblr-2919	389	96	can	can	AUX
cblr-2919	389	97	be	be	AUX
cblr-2919	389	98	made	make	VERB
cblr-2919	389	99	to	to	PART
cblr-2919	389	100	look	look	VERB
cblr-2919	389	101	better	well	ADJ
cblr-2919	389	102	than	than	ADP
cblr-2919	389	103	the	the	DET
cblr-2919	389	104	sum	sum	NOUN
cblr-2919	389	105	of	of	ADP
cblr-2919	389	106	the	the	DET
cblr-2919	389	107	parts	part	NOUN
cblr-2919	389	108	-	-	PUNCT
cblr-2919	389	109	a	a	DET
cblr-2919	389	110	portfolio	portfolio	NOUN
cblr-2919	389	111	of	of	ADP
cblr-2919	389	112	rmbs	rmbs	PROPN
cblr-2919	389	113	securities	security	NOUN
cblr-2919	389	114	.	.	PUNCT
cblr-2919	390	1	approximately	approximately	ADV
cblr-2919	390	2	80	80	NUM
cblr-2919	390	3	%	%	NOUN
cblr-2919	390	4	of	of	ADP
cblr-2919	390	5	cdos	cdo	NOUN
cblr-2919	390	6	are	be	AUX
cblr-2919	390	7	arbitrage	arbitrage	NOUN
cblr-2919	390	8	cdos.142	cdos.142	PROPN
cblr-2919	390	9	139	139	NUM
cblr-2919	390	10	manns	mann	NOUN
cblr-2919	390	11	,	,	PUNCT
cblr-2919	390	12	supra	supra	PROPN
cblr-2919	390	13	note	note	NOUN
cblr-2919	390	14	42	42	NUM
cblr-2919	390	15	,	,	PUNCT
cblr-2919	390	16	at	at	ADP
cblr-2919	390	17	1026	1026	NUM
cblr-2919	390	18	.	.	PUNCT
cblr-2919	391	1	140	140	NUM
cblr-2919	391	2	partnoy	partnoy	ADJ
cblr-2919	391	3	,	,	PUNCT
cblr-2919	391	4	supra	supra	ADJ
cblr-2919	391	5	note	note	NOUN
cblr-2919	391	6	66	66	NUM
cblr-2919	391	7	,	,	PUNCT
cblr-2919	391	8	at	at	ADP
cblr-2919	391	9	75	75	NUM
cblr-2919	391	10	-	-	NUM
cblr-2919	391	11	-80	-80	NUM
cblr-2919	391	12	;	;	PUNCT
cblr-2919	391	13	see	see	AUX
cblr-2919	391	14	also	also	ADV
cblr-2919	391	15	sifma	sifma	VERB
cblr-2919	391	16	cdo	cdo	NOUN
cblr-2919	391	17	,	,	PUNCT
cblr-2919	391	18	supra	supra	PROPN
cblr-2919	391	19	note	note	NOUN
cblr-2919	391	20	7	7	NUM
cblr-2919	391	21	.	.	SYM
cblr-2919	391	22	141	141	NUM
cblr-2919	391	23	sifma	sifma	NOUN
cblr-2919	391	24	cdo	cdo	NOUN
cblr-2919	391	25	,	,	PUNCT
cblr-2919	391	26	supra	supra	PROPN
cblr-2919	391	27	note	note	NOUN
cblr-2919	391	28	7	7	NUM
cblr-2919	391	29	,	,	PUNCT
cblr-2919	391	30	at	at	ADP
cblr-2919	391	31	5	5	NUM
cblr-2919	391	32	.	.	NOUN
cblr-2919	391	33	142	142	NUM
cblr-2919	392	1	i	i	NOUN
cblr-2919	392	2	d	d	PROPN
cblr-2919	392	3	at	at	ADP
cblr-2919	392	4	2	2	NUM
cblr-2919	392	5	.	.	NOUN
cblr-2919	392	6	268	268	NUM
cblr-2919	393	1	[	[	X
cblr-2919	393	2	vol	vol	NOUN
cblr-2919	393	3	.	.	PUNCT
cblr-2919	393	4	2010	2010	NUM
cblr-2919	393	5	no	no	INTJ
cblr-2919	393	6	.	.	PUNCT
cblr-2919	394	1	1:245	1:245	NUM
cblr-2919	394	2	]	]	X
cblr-2919	394	3	mortgage	mortgage	NOUN
cblr-2919	394	4	credit	credit	NOUN
cblr-2919	394	5	ratings	rating	NOUN
cblr-2919	394	6	and	and	CCONJ
cblr-2919	394	7	financial	financial	ADJ
cblr-2919	394	8	crisis	crisis	NOUN
cblr-2919	394	9	basic	basic	ADJ
cblr-2919	394	10	finance	finance	NOUN
cblr-2919	394	11	instructs	instruct	VERB
cblr-2919	394	12	that	that	SCONJ
cblr-2919	394	13	a	a	DET
cblr-2919	394	14	portfolio	portfolio	NOUN
cblr-2919	394	15	security	security	NOUN
cblr-2919	394	16	,	,	PUNCT
cblr-2919	394	17	an	an	DET
cblr-2919	394	18	rcdo	rcdo	NOUN
cblr-2919	394	19	for	for	ADP
cblr-2919	394	20	example	example	NOUN
cblr-2919	394	21	,	,	PUNCT
cblr-2919	394	22	should	should	AUX
cblr-2919	394	23	not	not	PART
cblr-2919	394	24	be	be	AUX
cblr-2919	394	25	more	more	ADV
cblr-2919	394	26	valuable	valuable	ADJ
cblr-2919	394	27	than	than	ADP
cblr-2919	394	28	the	the	DET
cblr-2919	394	29	sum	sum	NOUN
cblr-2919	394	30	of	of	ADP
cblr-2919	394	31	its	its	PRON
cblr-2919	394	32	assets	asset	NOUN
cblr-2919	394	33	if	if	SCONJ
cblr-2919	394	34	an	an	DET
cblr-2919	394	35	investor	investor	NOUN
cblr-2919	394	36	can	can	AUX
cblr-2919	394	37	do	do	VERB
cblr-2919	394	38	the	the	DET
cblr-2919	394	39	same	same	ADJ
cblr-2919	394	40	thing	thing	NOUN
cblr-2919	394	41	,	,	PUNCT
cblr-2919	394	42	namely	namely	ADV
cblr-2919	394	43	group	group	NOUN
cblr-2919	394	44	rmbss	rmbss	NOUN
cblr-2919	394	45	into	into	ADP
cblr-2919	394	46	a	a	DET
cblr-2919	394	47	portfolio	portfolio	NOUN
cblr-2919	394	48	.	.	PUNCT
cblr-2919	395	1	'43	'43	NUM
cblr-2919	395	2	the	the	DET
cblr-2919	395	3	existence	existence	NOUN
cblr-2919	395	4	of	of	ADP
cblr-2919	395	5	arbitrage	arbitrage	NOUN
cblr-2919	395	6	cdos	cdo	NOUN
cblr-2919	395	7	suggests	suggest	VERB
cblr-2919	395	8	that	that	SCONJ
cblr-2919	395	9	issuers	issuer	NOUN
cblr-2919	395	10	are	be	AUX
cblr-2919	395	11	attempting	attempt	VERB
cblr-2919	395	12	to	to	PART
cblr-2919	395	13	create	create	VERB
cblr-2919	395	14	this	this	DET
cblr-2919	395	15	inflated	inflated	ADJ
cblr-2919	395	16	valuation	valuation	NOUN
cblr-2919	395	17	,	,	PUNCT
cblr-2919	395	18	and	and	CCONJ
cblr-2919	395	19	they	they	PRON
cblr-2919	395	20	are	be	AUX
cblr-2919	395	21	succeeding	succeed	VERB
cblr-2919	395	22	because	because	SCONJ
cblr-2919	395	23	of	of	ADP
cblr-2919	395	24	cra	cra	PROPN
cblr-2919	395	25	ratings.1	ratings.1	NOUN
cblr-2919	395	26	'	'	PUNCT
cblr-2919	395	27	the	the	DET
cblr-2919	395	28	mechanism	mechanism	NOUN
cblr-2919	395	29	for	for	ADP
cblr-2919	395	30	fooling	fool	VERB
cblr-2919	395	31	investors	investor	NOUN
cblr-2919	395	32	,	,	PUNCT
cblr-2919	395	33	according	accord	VERB
cblr-2919	395	34	to	to	ADP
cblr-2919	395	35	coval	coval	NOUN
cblr-2919	395	36	,	,	PUNCT
cblr-2919	395	37	is	be	AUX
cblr-2919	395	38	that	that	SCONJ
cblr-2919	395	39	the	the	DET
cblr-2919	395	40	ratings	rating	NOUN
cblr-2919	395	41	hide	hide	VERB
cblr-2919	395	42	the	the	DET
cblr-2919	395	43	fact	fact	NOUN
cblr-2919	395	44	that	that	SCONJ
cblr-2919	395	45	the	the	DET
cblr-2919	395	46	risk	risk	NOUN
cblr-2919	395	47	profile	profile	NOUN
cblr-2919	395	48	of	of	ADP
cblr-2919	395	49	r	r	NOUN
cblr-2919	395	50	-	-	PUNCT
cblr-2919	395	51	cdos	cdo	NOUN
cblr-2919	395	52	is	be	AUX
cblr-2919	395	53	different	different	ADJ
cblr-2919	395	54	from	from	ADP
cblr-2919	395	55	the	the	DET
cblr-2919	395	56	risk	risk	NOUN
cblr-2919	395	57	profile	profile	NOUN
cblr-2919	395	58	of	of	ADP
cblr-2919	395	59	corporate	corporate	ADJ
cblr-2919	395	60	bonds.1	bonds.1	NOUN
cblr-2919	395	61	45	45	NUM
cblr-2919	395	62	default	default	NOUN
cblr-2919	395	63	risks	risk	NOUN
cblr-2919	395	64	for	for	ADP
cblr-2919	395	65	a	a	DET
cblr-2919	395	66	regular	regular	ADJ
cblr-2919	395	67	bond	bond	NOUN
cblr-2919	395	68	are	be	AUX
cblr-2919	395	69	a	a	DET
cblr-2919	395	70	reflection	reflection	NOUN
cblr-2919	395	71	of	of	ADP
cblr-2919	395	72	unsystematic	unsystematic	ADJ
cblr-2919	395	73	and	and	CCONJ
cblr-2919	395	74	systematic	systematic	ADJ
cblr-2919	395	75	risk.4	risk.4	PROPN
cblr-2919	395	76	6	6	NUM
cblr-2919	395	77	however	however	ADV
cblr-2919	395	78	,	,	PUNCT
cblr-2919	395	79	for	for	ADP
cblr-2919	395	80	most	most	ADJ
cblr-2919	395	81	rcdos	rcdo	NOUN
cblr-2919	395	82	,	,	PUNCT
cblr-2919	395	83	because	because	SCONJ
cblr-2919	395	84	of	of	ADP
cblr-2919	395	85	diversification	diversification	NOUN
cblr-2919	395	86	in	in	ADP
cblr-2919	395	87	the	the	DET
cblr-2919	395	88	asset	asset	NOUN
cblr-2919	395	89	pool	pool	NOUN
cblr-2919	395	90	,	,	PUNCT
cblr-2919	395	91	default	default	NOUN
cblr-2919	395	92	risk	risk	NOUN
cblr-2919	395	93	reflects	reflect	VERB
cblr-2919	395	94	only	only	ADV
cblr-2919	395	95	the	the	DET
cblr-2919	395	96	systematic	systematic	ADJ
cblr-2919	395	97	risk	risk	NOUN
cblr-2919	395	98	associated	associate	VERB
cblr-2919	395	99	with	with	ADP
cblr-2919	395	100	that	that	DET
cblr-2919	395	101	type	type	NOUN
cblr-2919	395	102	of	of	ADP
cblr-2919	395	103	asset	asset	NOUN
cblr-2919	395	104	.	.	PUNCT
cblr-2919	395	105	'	'	PUNCT
cblr-2919	396	1	therefore	therefore	ADV
cblr-2919	396	2	,	,	PUNCT
cblr-2919	396	3	because	because	SCONJ
cblr-2919	396	4	a	a	DET
cblr-2919	396	5	regular	regular	ADJ
cblr-2919	396	6	bond	bond	NOUN
cblr-2919	396	7	's	's	PART
cblr-2919	396	8	unsystematic	unsystematic	ADJ
cblr-2919	396	9	risk	risk	NOUN
cblr-2919	396	10	can	can	AUX
cblr-2919	396	11	be	be	AUX
cblr-2919	396	12	eliminated	eliminate	VERB
cblr-2919	396	13	by	by	ADP
cblr-2919	396	14	a	a	DET
cblr-2919	396	15	diversified	diversified	ADJ
cblr-2919	396	16	investor	investor	NOUN
cblr-2919	396	17	,	,	PUNCT
cblr-2919	396	18	a	a	DET
cblr-2919	396	19	corporate	corporate	ADJ
cblr-2919	396	20	bond	bond	NOUN
cblr-2919	396	21	's	's	PART
cblr-2919	396	22	yield	yield	NOUN
cblr-2919	396	23	should	should	AUX
cblr-2919	396	24	reflect	reflect	VERB
cblr-2919	396	25	only	only	ADV
cblr-2919	396	26	systematic	systematic	ADJ
cblr-2919	396	27	risks	risk	NOUN
cblr-2919	396	28	,	,	PUNCT
cblr-2919	396	29	which	which	PRON
cblr-2919	396	30	,	,	PUNCT
cblr-2919	396	31	by	by	ADP
cblr-2919	396	32	definition	definition	NOUN
cblr-2919	396	33	,	,	PUNCT
cblr-2919	396	34	are	be	AUX
cblr-2919	396	35	less	less	ADJ
cblr-2919	396	36	than	than	ADP
cblr-2919	396	37	the	the	DET
cblr-2919	396	38	sum	sum	NOUN
cblr-2919	396	39	of	of	ADP
cblr-2919	396	40	the	the	DET
cblr-2919	396	41	two	two	NUM
cblr-2919	396	42	risks	risk	NOUN
cblr-2919	396	43	.	.	PUNCT
cblr-2919	397	1	'4	'4	PROPN
cblr-2919	397	2	8	8	NUM
cblr-2919	397	3	however	however	ADV
cblr-2919	397	4	,	,	PUNCT
cblr-2919	397	5	with	with	ADP
cblr-2919	397	6	r	r	NOUN
cblr-2919	397	7	-	-	PUNCT
cblr-2919	397	8	cdos	cdo	NOUN
cblr-2919	397	9	,	,	PUNCT
cblr-2919	397	10	diversification	diversification	NOUN
cblr-2919	397	11	does	do	AUX
cblr-2919	397	12	not	not	PART
cblr-2919	397	13	reduce	reduce	VERB
cblr-2919	397	14	risk	risk	NOUN
cblr-2919	397	15	,	,	PUNCT
cblr-2919	397	16	so	so	SCONJ
cblr-2919	397	17	there	there	PRON
cblr-2919	397	18	should	should	AUX
cblr-2919	397	19	not	not	PART
cblr-2919	397	20	be	be	AUX
cblr-2919	397	21	a	a	DET
cblr-2919	397	22	similar	similar	ADJ
cblr-2919	397	23	reduction	reduction	NOUN
cblr-2919	397	24	of	of	ADP
cblr-2919	397	25	yield.14	yield.14	PROPN
cblr-2919	397	26	9	9	NUM
cblr-2919	397	27	nevertheless	nevertheless	ADV
cblr-2919	397	28	,	,	PUNCT
cblr-2919	397	29	if	if	SCONJ
cblr-2919	397	30	both	both	DET
cblr-2919	397	31	securities	security	NOUN
cblr-2919	397	32	are	be	AUX
cblr-2919	397	33	rated	rate	VERB
cblr-2919	397	34	the	the	DET
cblr-2919	397	35	same	same	ADJ
cblr-2919	397	36	(	(	PUNCT
cblr-2919	397	37	because	because	SCONJ
cblr-2919	397	38	their	their	PRON
cblr-2919	397	39	overall	overall	ADJ
cblr-2919	397	40	default	default	NOUN
cblr-2919	397	41	risk	risk	NOUN
cblr-2919	397	42	is	be	AUX
cblr-2919	397	43	the	the	DET
cblr-2919	397	44	same	same	ADJ
cblr-2919	397	45	)	)	PUNCT
cblr-2919	397	46	,	,	PUNCT
cblr-2919	397	47	investors	investor	NOUN
cblr-2919	397	48	may	may	AUX
cblr-2919	397	49	have	have	AUX
cblr-2919	397	50	thought	think	VERB
cblr-2919	397	51	the	the	DET
cblr-2919	397	52	securities	security	NOUN
cblr-2919	397	53	should	should	AUX
cblr-2919	397	54	yield	yield	VERB
cblr-2919	397	55	the	the	DET
cblr-2919	397	56	same	same	ADJ
cblr-2919	397	57	.	.	PUNCT
cblr-2919	398	1	"5	"5	NOUN
cblr-2919	398	2	o	o	NOUN
cblr-2919	398	3	taking	take	VERB
cblr-2919	398	4	a	a	DET
cblr-2919	398	5	more	more	ADV
cblr-2919	398	6	optimistic	optimistic	ADJ
cblr-2919	398	7	view	view	NOUN
cblr-2919	398	8	of	of	ADP
cblr-2919	398	9	investors	investor	NOUN
cblr-2919	398	10	'	'	PART
cblr-2919	398	11	intelligence	intelligence	NOUN
cblr-2919	398	12	,	,	PUNCT
cblr-2919	398	13	maybe	maybe	ADV
cblr-2919	398	14	institutional	institutional	ADJ
cblr-2919	398	15	investors	investor	NOUN
cblr-2919	398	16	themselves	themselves	PRON
cblr-2919	398	17	were	be	AUX
cblr-2919	398	18	engaging	engage	VERB
cblr-2919	398	19	in	in	ADP
cblr-2919	398	20	ratings	rating	NOUN
cblr-2919	398	21	arbitrage	arbitrage	NOUN
cblr-2919	398	22	to	to	PART
cblr-2919	398	23	fool	fool	VERB
cblr-2919	398	24	regulators	regulator	NOUN
cblr-2919	398	25	and	and	CCONJ
cblr-2919	398	26	subvert	subvert	VERB
cblr-2919	398	27	regulations	regulation	NOUN
cblr-2919	398	28	that	that	PRON
cblr-2919	398	29	restrain	restrain	VERB
cblr-2919	398	30	risk	risk	NOUN
cblr-2919	398	31	-	-	PUNCT
cblr-2919	398	32	taking	taking	NOUN
cblr-2919	398	33	.	.	PUNCT
cblr-2919	398	34	'	'	PUNCT
cblr-2919	399	1	thus	thus	ADV
cblr-2919	399	2	,	,	PUNCT
cblr-2919	399	3	while	while	SCONJ
cblr-2919	399	4	the	the	DET
cblr-2919	399	5	cras	cras	X
cblr-2919	399	6	can	can	AUX
cblr-2919	399	7	claim	claim	VERB
cblr-2919	399	8	14	14	NUM
cblr-2919	399	9	partnoy	partnoy	ADJ
cblr-2919	399	10	,	,	PUNCT
cblr-2919	399	11	supra	supra	ADJ
cblr-2919	399	12	note	note	NOUN
cblr-2919	399	13	74	74	NUM
cblr-2919	399	14	,	,	PUNCT
cblr-2919	399	15	at	at	ADP
cblr-2919	399	16	75	75	NUM
cblr-2919	399	17	.	.	NOUN
cblr-2919	400	1	1	1	NUM
cblr-2919	400	2	"	"	PUNCT
cblr-2919	400	3	i	i	PROPN
cblr-2919	400	4	d.	d.	PROPN
cblr-2919	400	5	145	145	NUM
cblr-2919	400	6	coval	coval	NOUN
cblr-2919	400	7	,	,	PUNCT
cblr-2919	400	8	supra	supra	PROPN
cblr-2919	400	9	note	note	PROPN
cblr-2919	400	10	29	29	NUM
cblr-2919	400	11	,	,	PUNCT
cblr-2919	400	12	at	at	ADP
cblr-2919	400	13	20	20	NUM
cblr-2919	400	14	-	-	SYM
cblr-2919	400	15	21	21	NUM
cblr-2919	400	16	.	.	PUNCT
cblr-2919	401	1	146	146	NUM
cblr-2919	402	1	i	i	PRON
cblr-2919	402	2	d.	d.	PROPN
cblr-2919	402	3	147	147	NUM
cblr-2919	403	1	i	i	PRON
cblr-2919	403	2	d.	d.	PROPN
cblr-2919	403	3	148	148	NUM
cblr-2919	404	1	i	i	PRON
cblr-2919	404	2	d.	d.	PROPN
cblr-2919	404	3	149	149	NUM
cblr-2919	404	4	see	see	VERB
cblr-2919	404	5	i	i	PRON
cblr-2919	404	6	d.	d.	PROPN
cblr-2919	404	7	1	1	NUM
cblr-2919	404	8	0	0	NUM
cblr-2919	405	1	i	i	PRON
cblr-2919	405	2	d.	d.	PROPN
cblr-2919	405	3	former	former	ADJ
cblr-2919	405	4	federal	federal	PROPN
cblr-2919	405	5	reserve	reserve	PROPN
cblr-2919	405	6	chairman	chairman	PROPN
cblr-2919	405	7	,	,	PUNCT
cblr-2919	405	8	alan	alan	PROPN
cblr-2919	405	9	greenspan	greenspan	PROPN
cblr-2919	405	10	,	,	PUNCT
cblr-2919	405	11	was	be	AUX
cblr-2919	405	12	confused	confuse	VERB
cblr-2919	405	13	as	as	ADV
cblr-2919	405	14	well	well	ADV
cblr-2919	405	15	.	.	PUNCT
cblr-2919	406	1	cyrus	cyrus	PROPN
cblr-2919	406	2	sanati	sanati	PROPN
cblr-2919	406	3	,	,	PUNCT
cblr-2919	406	4	greenspan	greenspan	PROPN
cblr-2919	406	5	says	say	VERB
cblr-2919	406	6	he	he	PRON
cblr-2919	406	7	was	be	AUX
cblr-2919	406	8	mystified	mystify	VERB
cblr-2919	406	9	by	by	ADP
cblr-2919	406	10	subprime	subprime	ADJ
cblr-2919	406	11	market	market	NOUN
cblr-2919	406	12	,	,	PUNCT
cblr-2919	406	13	dealbook	dealbook	NOUN
cblr-2919	406	14	,	,	PUNCT
cblr-2919	406	15	feb	feb	PROPN
cblr-2919	406	16	.	.	PROPN
cblr-2919	406	17	12	12	NUM
cblr-2919	406	18	,	,	PUNCT
cblr-2919	406	19	2009	2009	NUM
cblr-2919	406	20	,	,	PUNCT
cblr-2919	406	21	http://dealbook.blogs.nytime	http://dealbook.blogs.nytime	NOUN
cblr-2919	406	22	s.com/2009/02/12/greenspan-says-he-was-mystified-by-subprime-market/.	s.com/2009/02/12/greenspan-says-he-was-mystified-by-subprime-market/.	PROPN
cblr-2919	406	23	151	151	NUM
cblr-2919	406	24	coval	coval	NOUN
cblr-2919	406	25	,	,	PUNCT
cblr-2919	406	26	supra	supra	PROPN
cblr-2919	406	27	note	note	PROPN
cblr-2919	406	28	29	29	NUM
cblr-2919	406	29	,	,	PUNCT
cblr-2919	406	30	at	at	ADP
cblr-2919	406	31	22	22	NUM
cblr-2919	406	32	.	.	PUNCT
cblr-2919	407	1	269	269	NUM
cblr-2919	407	2	that	that	SCONJ
cblr-2919	407	3	the	the	DET
cblr-2919	407	4	overall	overall	ADJ
cblr-2919	407	5	risk	risk	NOUN
cblr-2919	407	6	of	of	ADP
cblr-2919	407	7	default	default	NOUN
cblr-2919	407	8	is	be	AUX
cblr-2919	407	9	the	the	DET
cblr-2919	407	10	same	same	ADJ
cblr-2919	407	11	between	between	ADP
cblr-2919	407	12	different	different	ADJ
cblr-2919	407	13	types	type	NOUN
cblr-2919	407	14	of	of	ADP
cblr-2919	407	15	securities	security	NOUN
cblr-2919	407	16	rated	rate	VERB
cblr-2919	407	17	investment	investment	NOUN
cblr-2919	407	18	grade	grade	NOUN
cblr-2919	407	19	,	,	PUNCT
cblr-2919	407	20	thereby	thereby	ADV
cblr-2919	407	21	justifying	justify	VERB
cblr-2919	407	22	the	the	DET
cblr-2919	407	23	same	same	ADJ
cblr-2919	407	24	rating	rating	NOUN
cblr-2919	407	25	,	,	PUNCT
cblr-2919	407	26	the	the	DET
cblr-2919	407	27	nature	nature	NOUN
cblr-2919	407	28	of	of	ADP
cblr-2919	407	29	the	the	DET
cblr-2919	407	30	risks	risk	NOUN
cblr-2919	407	31	is	be	AUX
cblr-2919	407	32	certainly	certainly	ADV
cblr-2919	407	33	not	not	PART
cblr-2919	407	34	the	the	DET
cblr-2919	407	35	same	same	ADJ
cblr-2919	407	36	(	(	PUNCT
cblr-2919	407	37	systematic	systematic	ADJ
cblr-2919	407	38	versus	versus	ADP
cblr-2919	407	39	unsystematic).15	unsystematic).15	PROPN
cblr-2919	407	40	2	2	NUM
cblr-2919	407	41	this	this	PRON
cblr-2919	407	42	probably	probably	ADV
cblr-2919	407	43	subverts	subvert	VERB
cblr-2919	407	44	the	the	DET
cblr-2919	407	45	goal	goal	NOUN
cblr-2919	407	46	of	of	ADP
cblr-2919	407	47	regulators	regulator	NOUN
cblr-2919	407	48	who	who	PRON
cblr-2919	407	49	must	must	AUX
cblr-2919	407	50	have	have	AUX
cblr-2919	407	51	thought	think	VERB
cblr-2919	407	52	,	,	PUNCT
cblr-2919	407	53	just	just	ADV
cblr-2919	407	54	like	like	ADP
cblr-2919	407	55	some	some	DET
cblr-2919	407	56	investors	investor	NOUN
cblr-2919	407	57	,	,	PUNCT
cblr-2919	407	58	that	that	SCONJ
cblr-2919	407	59	ratings	rating	NOUN
cblr-2919	407	60	reflect	reflect	VERB
cblr-2919	407	61	comparable	comparable	ADJ
cblr-2919	407	62	risks	risk	NOUN
cblr-2919	407	63	.	.	PUNCT
cblr-2919	408	1	'53	'53	NUM
cblr-2919	408	2	it	it	PRON
cblr-2919	408	3	seems	seem	VERB
cblr-2919	408	4	imprudent	imprudent	ADJ
cblr-2919	408	5	that	that	SCONJ
cblr-2919	408	6	such	such	ADJ
cblr-2919	408	7	important	important	ADJ
cblr-2919	408	8	regulatory	regulatory	ADJ
cblr-2919	408	9	power	power	NOUN
cblr-2919	408	10	be	be	AUX
cblr-2919	408	11	assigned	assign	VERB
cblr-2919	408	12	to	to	ADP
cblr-2919	408	13	the	the	DET
cblr-2919	408	14	profit	profit	NOUN
cblr-2919	408	15	maximizing	maximize	VERB
cblr-2919	408	16	cras	cra	NOUN
cblr-2919	408	17	,	,	PUNCT
cblr-2919	408	18	which	which	PRON
cblr-2919	408	19	,	,	PUNCT
cblr-2919	408	20	as	as	SCONJ
cblr-2919	408	21	the	the	DET
cblr-2919	408	22	current	current	ADJ
cblr-2919	408	23	crisis	crisis	NOUN
cblr-2919	408	24	bears	bear	VERB
cblr-2919	408	25	out	out	ADP
cblr-2919	408	26	,	,	PUNCT
cblr-2919	408	27	either	either	CCONJ
cblr-2919	408	28	tried	try	VERB
cblr-2919	408	29	to	to	PART
cblr-2919	408	30	subvert	subvert	VERB
cblr-2919	408	31	these	these	DET
cblr-2919	408	32	regulations	regulation	NOUN
cblr-2919	408	33	or	or	CCONJ
cblr-2919	408	34	did	do	AUX
cblr-2919	408	35	not	not	PART
cblr-2919	408	36	stop	stop	VERB
cblr-2919	408	37	others	other	NOUN
cblr-2919	408	38	from	from	ADP
cblr-2919	408	39	subverting	subvert	VERB
cblr-2919	408	40	them	they	PRON
cblr-2919	408	41	.	.	PUNCT
cblr-2919	409	1	partnoy	partnoy	NOUN
cblr-2919	409	2	suggests	suggest	VERB
cblr-2919	409	3	eliminating	eliminate	VERB
cblr-2919	409	4	cra	cra	PROPN
cblr-2919	409	5	regulatory	regulatory	ADJ
cblr-2919	409	6	power	power	NOUN
cblr-2919	409	7	by	by	ADP
cblr-2919	409	8	changing	change	VERB
cblr-2919	409	9	financial	financial	ADJ
cblr-2919	409	10	institution	institution	NOUN
cblr-2919	409	11	regulations	regulation	NOUN
cblr-2919	409	12	to	to	PART
cblr-2919	409	13	use	use	VERB
cblr-2919	409	14	other	other	ADJ
cblr-2919	409	15	measures	measure	NOUN
cblr-2919	409	16	of	of	ADP
cblr-2919	409	17	capital	capital	NOUN
cblr-2919	409	18	adequacy	adequacy	NOUN
cblr-2919	409	19	,	,	PUNCT
cblr-2919	409	20	namely	namely	ADV
cblr-2919	409	21	the	the	DET
cblr-2919	409	22	credit	credit	NOUN
cblr-2919	409	23	default	default	NOUN
cblr-2919	409	24	swap	swap	NOUN
cblr-2919	409	25	(	(	PUNCT
cblr-2919	409	26	cds	cd	NOUN
cblr-2919	409	27	)	)	PUNCT
cblr-2919	409	28	prices	price	NOUN
cblr-2919	409	29	of	of	ADP
cblr-2919	409	30	the	the	DET
cblr-2919	409	31	assets.54	assets.54	NOUN
cblr-2919	409	32	this	this	DET
cblr-2919	409	33	idea	idea	NOUN
cblr-2919	409	34	,	,	PUNCT
cblr-2919	409	35	however	however	ADV
cblr-2919	409	36	,	,	PUNCT
cblr-2919	409	37	is	be	AUX
cblr-2919	409	38	controversial	controversial	ADJ
cblr-2919	409	39	'	'	PUNCT
cblr-2919	409	40	55	55	NUM
cblr-2919	409	41	and	and	CCONJ
cblr-2919	409	42	partnoy	partnoy	NOUN
cblr-2919	409	43	acknowledges	acknowledge	VERB
cblr-2919	409	44	that	that	SCONJ
cblr-2919	409	45	it	it	PRON
cblr-2919	409	46	would	would	AUX
cblr-2919	409	47	have	have	VERB
cblr-2919	409	48	limited	limit	VERB
cblr-2919	409	49	application	application	NOUN
cblr-2919	409	50	because	because	SCONJ
cblr-2919	409	51	the	the	DET
cblr-2919	409	52	cds	cd	NOUN
cblr-2919	409	53	market	market	NOUN
cblr-2919	409	54	is	be	AUX
cblr-2919	409	55	not	not	PART
cblr-2919	409	56	liquid	liquid	ADJ
cblr-2919	409	57	for	for	ADP
cblr-2919	409	58	many	many	ADJ
cblr-2919	409	59	securities	security	NOUN
cblr-2919	409	60	.	.	PUNCT
cblr-2919	409	61	'5	'5	PROPN
cblr-2919	409	62	6	6	NUM
cblr-2919	409	63	the	the	DET
cblr-2919	409	64	2009	2009	NUM
cblr-2919	409	65	cra	cra	PROPN
cblr-2919	409	66	rule	rule	NOUN
cblr-2919	409	67	changes	change	NOUN
cblr-2919	409	68	sought	seek	VERB
cblr-2919	409	69	to	to	PART
cblr-2919	409	70	reduce	reduce	VERB
cblr-2919	409	71	dependency	dependency	NOUN
cblr-2919	409	72	on	on	ADP
cblr-2919	409	73	cra	cra	PROPN
cblr-2919	409	74	ratings	rating	NOUN
cblr-2919	409	75	by	by	ADP
cblr-2919	409	76	replacing	replace	VERB
cblr-2919	409	77	ratings	rating	NOUN
cblr-2919	409	78	with	with	ADP
cblr-2919	409	79	standards	standard	NOUN
cblr-2919	409	80	for	for	ADP
cblr-2919	409	81	certain	certain	ADJ
cblr-2919	409	82	regulations	regulation	NOUN
cblr-2919	409	83	.	.	PUNCT
cblr-2919	409	84	'	'	PUNCT
cblr-2919	410	1	however	however	ADV
cblr-2919	410	2	,	,	PUNCT
cblr-2919	410	3	the	the	DET
cblr-2919	410	4	sec	sec	PROPN
cblr-2919	410	5	can	can	AUX
cblr-2919	410	6	go	go	VERB
cblr-2919	410	7	only	only	ADV
cblr-2919	410	8	so	so	ADV
cblr-2919	410	9	far	far	ADV
cblr-2919	410	10	;	;	PUNCT
cblr-2919	410	11	ratings	rating	NOUN
cblr-2919	410	12	are	be	AUX
cblr-2919	410	13	pervasive	pervasive	ADJ
cblr-2919	410	14	in	in	ADP
cblr-2919	410	15	financial	financial	ADJ
cblr-2919	410	16	regulation	regulation	NOUN
cblr-2919	410	17	because	because	SCONJ
cblr-2919	410	18	there	there	PRON
cblr-2919	410	19	probably	probably	ADV
cblr-2919	410	20	is	be	AUX
cblr-2919	410	21	no	no	DET
cblr-2919	410	22	better	well	ADJ
cblr-2919	410	23	way	way	NOUN
cblr-2919	410	24	to	to	PART
cblr-2919	410	25	do	do	VERB
cblr-2919	410	26	it	it	PRON
cblr-2919	410	27	.	.	PUNCT
cblr-2919	410	28	'	'	PUNCT
cblr-2919	411	1	since	since	SCONJ
cblr-2919	411	2	credit	credit	NOUN
cblr-2919	411	3	ratings	rating	NOUN
cblr-2919	411	4	are	be	AUX
cblr-2919	411	5	not	not	PART
cblr-2919	411	6	going	go	VERB
cblr-2919	411	7	to	to	PART
cblr-2919	411	8	go	go	VERB
cblr-2919	411	9	away	away	ADV
cblr-2919	411	10	,	,	PUNCT
cblr-2919	411	11	the	the	DET
cblr-2919	411	12	rater	rater	NOUN
cblr-2919	411	13	needs	need	VERB
cblr-2919	411	14	to	to	PART
cblr-2919	411	15	improve	improve	VERB
cblr-2919	411	16	.	.	PUNCT
cblr-2919	412	1	,	,	PUNCT
cblr-2919	412	2	2	2	X
cblr-2919	412	3	i	i	PRON
cblr-2919	412	4	d.	d.	NOUN
cblr-2919	412	5	at	at	ADP
cblr-2919	412	6	21	21	NUM
cblr-2919	412	7	.	.	PUNCT
cblr-2919	412	8	'	'	PUNCT
cblr-2919	413	1	i	i	PRON
cblr-2919	413	2	d.	d.	PROPN
cblr-2919	413	3	at	at	ADP
cblr-2919	413	4	22	22	NUM
cblr-2919	413	5	.	.	PUNCT
cblr-2919	414	1	the	the	DET
cblr-2919	414	2	sec	sec	PROPN
cblr-2919	414	3	considered	consider	VERB
cblr-2919	414	4	marking	mark	VERB
cblr-2919	414	5	novel	novel	ADJ
cblr-2919	414	6	securities	security	NOUN
cblr-2919	414	7	with	with	ADP
cblr-2919	414	8	a	a	DET
cblr-2919	414	9	special	special	ADJ
cblr-2919	414	10	symbol	symbol	NOUN
cblr-2919	414	11	so	so	SCONJ
cblr-2919	414	12	investors	investor	NOUN
cblr-2919	414	13	would	would	AUX
cblr-2919	414	14	know	know	VERB
cblr-2919	414	15	they	they	PRON
cblr-2919	414	16	differ	differ	VERB
cblr-2919	414	17	from	from	ADP
cblr-2919	414	18	traditional	traditional	ADJ
cblr-2919	414	19	bonds	bond	NOUN
cblr-2919	414	20	,	,	PUNCT
cblr-2919	414	21	but	but	CCONJ
cblr-2919	414	22	eventually	eventually	ADV
cblr-2919	414	23	ruled	rule	VERB
cblr-2919	414	24	against	against	ADP
cblr-2919	414	25	it	it	PRON
cblr-2919	414	26	.	.	PUNCT
cblr-2919	415	1	john	john	PROPN
cblr-2919	415	2	p.	p.	PROPN
cblr-2919	415	3	hunt	hunt	PROPN
cblr-2919	415	4	,	,	PUNCT
cblr-2919	415	5	the	the	DET
cblr-2919	415	6	sec	sec	PROPN
cblr-2919	415	7	's	's	PART
cblr-2919	415	8	proposed	propose	VERB
cblr-2919	415	9	rating	rating	NOUN
cblr-2919	415	10	agency	agency	NOUN
cblr-2919	415	11	rules	rule	NOUN
cblr-2919	415	12	:	:	PUNCT
cblr-2919	415	13	unresolved	unresolved	ADJ
cblr-2919	415	14	conflicts	conflict	NOUN
cblr-2919	415	15	2	2	NUM
cblr-2919	415	16	(	(	PUNCT
cblr-2919	415	17	berkeley	berkeley	PROPN
cblr-2919	415	18	ctr	ctr	PROPN
cblr-2919	415	19	.	.	PUNCT
cblr-2919	416	1	for	for	ADP
cblr-2919	416	2	law	law	NOUN
cblr-2919	416	3	,	,	PUNCT
cblr-2919	416	4	bus	bus	NOUN
cblr-2919	416	5	.	.	PROPN
cblr-2919	416	6	&	&	CCONJ
cblr-2919	416	7	econ	econ	PROPN
cblr-2919	416	8	.	.	PUNCT
cblr-2919	417	1	white	white	PROPN
cblr-2919	417	2	paper	paper	PROPN
cblr-2919	417	3	,	,	PUNCT
cblr-2919	417	4	2008	2008	NUM
cblr-2919	417	5	)	)	PUNCT
cblr-2919	417	6	,	,	PUNCT
cblr-2919	417	7	available	available	ADJ
cblr-2919	417	8	at	at	ADP
cblr-2919	417	9	http://ssrn.com/abstract=1284709	http://ssrn.com/abstract=1284709	PROPN
cblr-2919	417	10	.	.	PUNCT
cblr-2919	417	11	"	"	PUNCT
cblr-2919	418	1	partnoy	partnoy	ADJ
cblr-2919	418	2	,	,	PUNCT
cblr-2919	418	3	supra	supra	ADJ
cblr-2919	418	4	note	note	NOUN
cblr-2919	418	5	74	74	NUM
cblr-2919	418	6	,	,	PUNCT
cblr-2919	418	7	at	at	ADP
cblr-2919	418	8	79	79	NUM
cblr-2919	418	9	.	.	PUNCT
cblr-2919	419	1	a	a	DET
cblr-2919	419	2	cds	cd	NOUN
cblr-2919	419	3	is	be	AUX
cblr-2919	419	4	like	like	ADP
cblr-2919	419	5	an	an	DET
cblr-2919	419	6	insurance	insurance	NOUN
cblr-2919	419	7	policy	policy	NOUN
cblr-2919	419	8	on	on	ADP
cblr-2919	419	9	debt	debt	NOUN
cblr-2919	419	10	-	-	PUNCT
cblr-2919	419	11	it	it	PRON
cblr-2919	419	12	pays	pay	VERB
cblr-2919	419	13	out	out	ADP
cblr-2919	419	14	to	to	ADP
cblr-2919	419	15	the	the	DET
cblr-2919	419	16	holder	holder	NOUN
cblr-2919	419	17	the	the	DET
cblr-2919	419	18	face	face	NOUN
cblr-2919	419	19	value	value	NOUN
cblr-2919	419	20	of	of	ADP
cblr-2919	419	21	principal	principal	NOUN
cblr-2919	419	22	and	and	CCONJ
cblr-2919	419	23	interest	interest	NOUN
cblr-2919	419	24	if	if	SCONJ
cblr-2919	419	25	there	there	PRON
cblr-2919	419	26	is	be	VERB
cblr-2919	419	27	a	a	DET
cblr-2919	419	28	default	default	NOUN
cblr-2919	419	29	on	on	ADP
cblr-2919	419	30	the	the	DET
cblr-2919	419	31	underlying	underlie	VERB
cblr-2919	419	32	security	security	NOUN
cblr-2919	419	33	.	.	PUNCT
cblr-2919	420	1	the	the	DET
cblr-2919	420	2	cost	cost	NOUN
cblr-2919	420	3	of	of	ADP
cblr-2919	420	4	this	this	DET
cblr-2919	420	5	insurance	insurance	NOUN
cblr-2919	420	6	can	can	AUX
cblr-2919	420	7	serve	serve	VERB
cblr-2919	420	8	as	as	ADP
cblr-2919	420	9	a	a	DET
cblr-2919	420	10	proxy	proxy	NOUN
cblr-2919	420	11	for	for	ADP
cblr-2919	420	12	the	the	DET
cblr-2919	420	13	creditworthiness	creditworthiness	NOUN
cblr-2919	420	14	of	of	ADP
cblr-2919	420	15	the	the	DET
cblr-2919	420	16	underlying	underlie	VERB
cblr-2919	420	17	assets	asset	NOUN
cblr-2919	420	18	.	.	PUNCT
cblr-2919	421	1	i	i	PRON
cblr-2919	421	2	d.	d.	PROPN
cblr-2919	421	3	'	'	PUNCT
cblr-2919	421	4	r	r	NOUN
cblr-2919	421	5	"	"	PUNCT
cblr-2919	421	6	hunt	hunt	NOUN
cblr-2919	421	7	,	,	PUNCT
cblr-2919	421	8	supra	supra	PROPN
cblr-2919	421	9	note	note	PROPN
cblr-2919	421	10	15	15	NUM
cblr-2919	421	11	,	,	PUNCT
cblr-2919	421	12	at	at	ADP
cblr-2919	421	13	31	31	NUM
cblr-2919	421	14	.	.	PUNCT
cblr-2919	422	1	156	156	NUM
cblr-2919	422	2	partnoy	partnoy	ADJ
cblr-2919	422	3	,	,	PUNCT
cblr-2919	422	4	supra	supra	ADJ
cblr-2919	422	5	note	note	NOUN
cblr-2919	422	6	74	74	NUM
cblr-2919	422	7	,	,	PUNCT
cblr-2919	422	8	at	at	ADP
cblr-2919	422	9	93	93	NUM
cblr-2919	422	10	.	.	PUNCT
cblr-2919	422	11	1	1	NUM
cblr-2919	422	12	hunt	hunt	NOUN
cblr-2919	422	13	,	,	PUNCT
cblr-2919	422	14	supra	supra	PROPN
cblr-2919	422	15	note	note	PROPN
cblr-2919	422	16	15	15	NUM
cblr-2919	422	17	,	,	PUNCT
cblr-2919	422	18	at	at	ADP
cblr-2919	422	19	30	30	NUM
cblr-2919	422	20	.	.	PUNCT
cblr-2919	423	1	118	118	NUM
cblr-2919	424	1	i	i	NOUN
cblr-2919	424	2	d.	d.	PROPN
cblr-2919	424	3	at	at	ADP
cblr-2919	424	4	31	31	NUM
cblr-2919	424	5	.	.	PUNCT
cblr-2919	425	1	270	270	NUM
cblr-2919	425	2	col	col	PROPN
cblr-2919	425	3	um	um	INTJ
cblr-2919	425	4	bia	bia	PROPN
cblr-2919	425	5	b	b	PROPN
cblr-2919	425	6	usiness	usiness	PROPN
cblr-2919	425	7	la	la	PROPN
cblr-2919	425	8	wre	wre	PROPN
cblr-2919	425	9	vie	vie	PROPN
cblr-2919	425	10	w	w	PROPN
cblr-2919	426	1	[	[	X
cblr-2919	426	2	vol	vol	NOUN
cblr-2919	426	3	.	.	PUNCT
cblr-2919	427	1	2010	2010	NUM
cblr-2919	427	2	no	no	INTJ
cblr-2919	427	3	.	.	PUNCT
cblr-2919	428	1	1:245	1:245	NUM
cblr-2919	428	2	]	]	X
cblr-2919	428	3	mortgage	mortgage	NOUN
cblr-2919	428	4	credit	credit	NOUN
cblr-2919	428	5	ratings	rating	NOUN
cblr-2919	428	6	and	and	CCONJ
cblr-2919	428	7	financial	financial	ADJ
cblr-2919	428	8	crisis	crisis	NOUN
cblr-2919	428	9	d.	d.	NOUN
cblr-2919	428	10	avoiding	avoid	VERB
cblr-2919	428	11	externalities	externality	NOUN
cblr-2919	428	12	another	another	DET
cblr-2919	428	13	reason	reason	NOUN
cblr-2919	428	14	the	the	DET
cblr-2919	428	15	agency	agency	NOUN
cblr-2919	428	16	is	be	AUX
cblr-2919	428	17	better	well	ADV
cblr-2919	428	18	suited	suited	ADJ
cblr-2919	428	19	to	to	ADP
cblr-2919	428	20	rate	rate	NOUN
cblr-2919	428	21	rcdos	rcdo	NOUN
cblr-2919	428	22	and	and	CCONJ
cblr-2919	428	23	rmbss	rmbss	NOUN
cblr-2919	428	24	is	be	AUX
cblr-2919	428	25	that	that	SCONJ
cblr-2919	428	26	there	there	PRON
cblr-2919	428	27	are	be	VERB
cblr-2919	428	28	significant	significant	ADJ
cblr-2919	428	29	externalities	externality	NOUN
cblr-2919	428	30	to	to	ADP
cblr-2919	428	31	poor	poor	ADJ
cblr-2919	428	32	quality	quality	NOUN
cblr-2919	428	33	ratings	rating	NOUN
cblr-2919	428	34	.	.	PUNCT
cblr-2919	429	1	one	one	NUM
cblr-2919	429	2	such	such	ADJ
cblr-2919	429	3	externality	externality	NOUN
cblr-2919	429	4	is	be	AUX
cblr-2919	429	5	the	the	DET
cblr-2919	429	6	contagion	contagion	NOUN
cblr-2919	429	7	effect	effect	NOUN
cblr-2919	429	8	of	of	ADP
cblr-2919	429	9	financial	financial	ADJ
cblr-2919	429	10	shocks	shock	NOUN
cblr-2919	429	11	.	.	PUNCT
cblr-2919	430	1	"'9	"'9	PUNCT
cblr-2919	431	1	the	the	DET
cblr-2919	431	2	current	current	ADJ
cblr-2919	431	3	financial	financial	ADJ
cblr-2919	431	4	crisis	crisis	NOUN
cblr-2919	431	5	,	,	PUNCT
cblr-2919	431	6	which	which	PRON
cblr-2919	431	7	improper	improper	ADJ
cblr-2919	431	8	rmbs	rmb	NOUN
cblr-2919	431	9	and	and	CCONJ
cblr-2919	431	10	r	r	NOUN
cblr-2919	431	11	-	-	PUNCT
cblr-2919	431	12	cdo	cdo	ADJ
cblr-2919	431	13	ratings	rating	NOUN
cblr-2919	431	14	played	play	VERB
cblr-2919	431	15	a	a	DET
cblr-2919	431	16	large	large	ADJ
cblr-2919	431	17	part	part	NOUN
cblr-2919	431	18	in	in	ADP
cblr-2919	431	19	causing	cause	VERB
cblr-2919	431	20	,	,	PUNCT
cblr-2919	431	21	has	have	AUX
cblr-2919	431	22	dried	dry	VERB
cblr-2919	431	23	up	up	ADP
cblr-2919	431	24	finance	finance	NOUN
cblr-2919	431	25	and	and	CCONJ
cblr-2919	431	26	shaken	shake	VERB
cblr-2919	431	27	investor	investor	NOUN
cblr-2919	431	28	confidence	confidence	NOUN
cblr-2919	431	29	in	in	ADP
cblr-2919	431	30	the	the	DET
cblr-2919	431	31	capital	capital	NOUN
cblr-2919	431	32	markets	market	NOUN
cblr-2919	431	33	.	.	PUNCT
cblr-2919	432	1	60	60	NUM
cblr-2919	432	2	alternatively	alternatively	ADV
cblr-2919	432	3	,	,	PUNCT
cblr-2919	432	4	in	in	ADP
cblr-2919	432	5	case	case	NOUN
cblr-2919	432	6	there	there	PRON
cblr-2919	432	7	is	be	VERB
cblr-2919	432	8	a	a	DET
cblr-2919	432	9	future	future	ADJ
cblr-2919	432	10	crisis	crisis	NOUN
cblr-2919	432	11	similar	similar	ADJ
cblr-2919	432	12	to	to	ADP
cblr-2919	432	13	the	the	DET
cblr-2919	432	14	current	current	ADJ
cblr-2919	432	15	one	one	NOUN
cblr-2919	432	16	,	,	PUNCT
cblr-2919	432	17	the	the	DET
cblr-2919	432	18	agency	agency	NOUN
cblr-2919	432	19	will	will	AUX
cblr-2919	432	20	be	be	AUX
cblr-2919	432	21	able	able	ADJ
cblr-2919	432	22	to	to	PART
cblr-2919	432	23	accurately	accurately	ADV
cblr-2919	432	24	gauge	gauge	VERB
cblr-2919	432	25	and	and	CCONJ
cblr-2919	432	26	resuscitate	resuscitate	VERB
cblr-2919	432	27	the	the	DET
cblr-2919	432	28	health	health	NOUN
cblr-2919	432	29	of	of	ADP
cblr-2919	432	30	investors	investor	NOUN
cblr-2919	432	31	who	who	PRON
cblr-2919	432	32	hold	hold	VERB
cblr-2919	432	33	agency	agency	NOUN
cblr-2919	432	34	-	-	PUNCT
cblr-2919	432	35	rated	rate	VERB
cblr-2919	432	36	securities	security	NOUN
cblr-2919	432	37	.	.	PUNCT
cblr-2919	433	1	the	the	DET
cblr-2919	433	2	agency	agency	NOUN
cblr-2919	433	3	,	,	PUNCT
cblr-2919	433	4	because	because	SCONJ
cblr-2919	433	5	it	it	PRON
cblr-2919	433	6	has	have	AUX
cblr-2919	433	7	rated	rate	VERB
cblr-2919	433	8	all	all	PRON
cblr-2919	433	9	of	of	ADP
cblr-2919	433	10	these	these	DET
cblr-2919	433	11	securities	security	NOUN
cblr-2919	433	12	,	,	PUNCT
cblr-2919	433	13	would	would	AUX
cblr-2919	433	14	be	be	AUX
cblr-2919	433	15	an	an	DET
cblr-2919	433	16	immediate	immediate	ADJ
cblr-2919	433	17	source	source	NOUN
cblr-2919	433	18	of	of	ADP
cblr-2919	433	19	information	information	NOUN
cblr-2919	433	20	on	on	ADP
cblr-2919	433	21	the	the	DET
cblr-2919	433	22	value	value	NOUN
cblr-2919	433	23	of	of	ADP
cblr-2919	433	24	rmbss	rmbss	NOUN
cblr-2919	433	25	and	and	CCONJ
cblr-2919	433	26	r	r	NOUN
cblr-2919	433	27	-	-	PUNCT
cblr-2919	433	28	cdos	cdo	NOUN
cblr-2919	433	29	,	,	PUNCT
cblr-2919	433	30	therefore	therefore	ADV
cblr-2919	433	31	assisting	assist	VERB
cblr-2919	433	32	federal	federal	ADJ
cblr-2919	433	33	policymakers	policymaker	NOUN
cblr-2919	433	34	in	in	ADP
cblr-2919	433	35	assessing	assess	VERB
cblr-2919	433	36	the	the	DET
cblr-2919	433	37	health	health	NOUN
cblr-2919	433	38	of	of	ADP
cblr-2919	433	39	banks	bank	NOUN
cblr-2919	433	40	and	and	CCONJ
cblr-2919	433	41	other	other	ADJ
cblr-2919	433	42	institutional	institutional	ADJ
cblr-2919	433	43	investors	investor	NOUN
cblr-2919	433	44	who	who	PRON
cblr-2919	433	45	purchased	purchase	VERB
cblr-2919	433	46	them	they	PRON
cblr-2919	433	47	.	.	PUNCT
cblr-2919	434	1	this	this	DET
cblr-2919	434	2	ability	ability	NOUN
cblr-2919	434	3	would	would	AUX
cblr-2919	434	4	be	be	AUX
cblr-2919	434	5	useful	useful	ADJ
cblr-2919	434	6	in	in	ADP
cblr-2919	434	7	the	the	DET
cblr-2919	434	8	current	current	ADJ
cblr-2919	434	9	crisis	crisis	NOUN
cblr-2919	434	10	because	because	SCONJ
cblr-2919	434	11	the	the	DET
cblr-2919	434	12	treasury	treasury	PROPN
cblr-2919	434	13	department	department	PROPN
cblr-2919	434	14	and	and	CCONJ
cblr-2919	434	15	federal	federal	PROPN
cblr-2919	434	16	reserve	reserve	PROPN
cblr-2919	434	17	's	's	PART
cblr-2919	434	18	inability	inability	NOUN
cblr-2919	434	19	to	to	PART
cblr-2919	434	20	value	value	VERB
cblr-2919	434	21	rmbss	rmbss	NOUN
cblr-2919	434	22	and	and	CCONJ
cblr-2919	434	23	r	r	NOUN
cblr-2919	434	24	-	-	PUNCT
cblr-2919	434	25	cdos	cdo	NOUN
cblr-2919	434	26	has	have	AUX
cblr-2919	434	27	hindered	hinder	VERB
cblr-2919	434	28	their	their	PRON
cblr-2919	434	29	attempts	attempt	NOUN
cblr-2919	434	30	to	to	PART
cblr-2919	434	31	strengthen	strengthen	VERB
cblr-2919	434	32	the	the	DET
cblr-2919	434	33	banking	banking	NOUN
cblr-2919	434	34	system	system	NOUN
cblr-2919	434	35	.	.	PUNCT
cblr-2919	435	1	'6	'6	X
cblr-2919	436	1	1	1	NUM
cblr-2919	436	2	also	also	ADV
cblr-2919	436	3	,	,	PUNCT
cblr-2919	436	4	the	the	DET
cblr-2919	436	5	cras	cras	PROPN
cblr-2919	436	6	actually	actually	ADV
cblr-2919	436	7	obfuscated	obfuscate	VERB
cblr-2919	436	8	government	government	NOUN
cblr-2919	436	9	policymaking	policymake	VERB
cblr-2919	436	10	by	by	ADP
cblr-2919	436	11	failing	fail	VERB
cblr-2919	436	12	to	to	PART
cblr-2919	436	13	downgrade	downgrade	VERB
cblr-2919	436	14	debt	debt	NOUN
cblr-2919	436	15	when	when	SCONJ
cblr-2919	436	16	their	their	PRON
cblr-2919	436	17	models	model	NOUN
cblr-2919	436	18	showed	show	VERB
cblr-2919	436	19	that	that	SCONJ
cblr-2919	436	20	it	it	PRON
cblr-2919	436	21	should	should	AUX
cblr-2919	436	22	be	be	AUX
cblr-2919	436	23	downgraded	downgrade	VERB
cblr-2919	436	24	.	.	PUNCT
cblr-2919	437	1	'6	'6	VERB
cblr-2919	437	2	2	2	NUM
cblr-2919	437	3	the	the	DET
cblr-2919	437	4	agency	agency	NOUN
cblr-2919	437	5	will	will	AUX
cblr-2919	437	6	be	be	AUX
cblr-2919	437	7	designed	design	VERB
cblr-2919	437	8	to	to	PART
cblr-2919	437	9	work	work	VERB
cblr-2919	437	10	with	with	ADP
cblr-2919	437	11	other	other	ADJ
cblr-2919	437	12	agencies	agency	NOUN
cblr-2919	437	13	and	and	CCONJ
cblr-2919	437	14	not	not	PART
cblr-2919	437	15	contravene	contravene	VERB
cblr-2919	437	16	policymaking	policymaking	NOUN
cblr-2919	437	17	in	in	ADP
cblr-2919	437	18	this	this	DET
cblr-2919	437	19	manner	manner	NOUN
cblr-2919	437	20	.	.	PUNCT
cblr-2919	438	1	vi	vi	X
cblr-2919	438	2	.	.	PUNCT
cblr-2919	438	3	public	public	ADJ
cblr-2919	438	4	-	-	PUNCT
cblr-2919	438	5	private	private	ADJ
cblr-2919	438	6	debate	debate	NOUN
cblr-2919	438	7	this	this	DET
cblr-2919	438	8	part	part	NOUN
cblr-2919	438	9	analyzes	analyze	VERB
cblr-2919	438	10	the	the	DET
cblr-2919	438	11	choice	choice	NOUN
cblr-2919	438	12	of	of	ADP
cblr-2919	438	13	the	the	DET
cblr-2919	438	14	agency	agency	NOUN
cblr-2919	438	15	versus	versus	ADP
cblr-2919	438	16	the	the	DET
cblr-2919	438	17	cras	cras	X
cblr-2919	438	18	within	within	ADP
cblr-2919	438	19	the	the	DET
cblr-2919	438	20	broader	broad	ADJ
cblr-2919	438	21	debate	debate	NOUN
cblr-2919	438	22	of	of	ADP
cblr-2919	438	23	which	which	DET
cblr-2919	438	24	activities	activity	NOUN
cblr-2919	438	25	should	should	AUX
cblr-2919	438	26	be	be	AUX
cblr-2919	438	27	in	in	ADP
cblr-2919	438	28	private	private	ADJ
cblr-2919	438	29	hands	hand	NOUN
cblr-2919	438	30	.	.	PUNCT
cblr-2919	439	1	a	a	DET
cblr-2919	439	2	complete	complete	ADJ
cblr-2919	439	3	framework	framework	NOUN
cblr-2919	439	4	of	of	ADP
cblr-2919	439	5	when	when	SCONJ
cblr-2919	439	6	an	an	DET
cblr-2919	439	7	activity	activity	NOUN
cblr-2919	439	8	should	should	AUX
cblr-2919	439	9	be	be	AUX
cblr-2919	439	10	privatized	privatize	VERB
cblr-2919	439	11	,	,	PUNCT
cblr-2919	439	12	and	and	CCONJ
cblr-2919	439	13	when	when	SCONJ
cblr-2919	439	14	it	it	PRON
cblr-2919	439	15	should	should	AUX
cblr-2919	439	16	not	not	PART
cblr-2919	439	17	,	,	PUNCT
cblr-2919	439	18	is	be	AUX
cblr-2919	439	19	beyond	beyond	ADP
cblr-2919	439	20	the	the	DET
cblr-2919	439	21	scope	scope	NOUN
cblr-2919	439	22	of	of	ADP
cblr-2919	439	23	this	this	DET
cblr-2919	439	24	note	note	NOUN
cblr-2919	439	25	.	.	PUNCT
cblr-2919	440	1	instead	instead	ADV
cblr-2919	440	2	,	,	PUNCT
cblr-2919	440	3	this	this	DET
cblr-2919	440	4	part	part	NOUN
cblr-2919	440	5	addresses	address	VERB
cblr-2919	440	6	some	some	PRON
cblr-2919	440	7	of	of	ADP
cblr-2919	440	8	the	the	DET
cblr-2919	440	9	15	15	NUM
cblr-2919	440	10	i	i	PROPN
cblr-2919	440	11	d.	d.	NOUN
cblr-2919	440	12	at	at	ADP
cblr-2919	440	13	58	58	NUM
cblr-2919	440	14	-	-	SYM
cblr-2919	440	15	59	59	NUM
cblr-2919	440	16	;	;	PUNCT
cblr-2919	440	17	see	see	VERB
cblr-2919	440	18	also	also	ADV
cblr-2919	440	19	the	the	DET
cblr-2919	440	20	obama	obama	PROPN
cblr-2919	440	21	rescue	rescue	NOUN
cblr-2919	440	22	,	,	PUNCT
cblr-2919	440	23	supra	supra	PROPN
cblr-2919	440	24	note	note	PROPN
cblr-2919	440	25	127	127	NUM
cblr-2919	440	26	;	;	PUNCT
cblr-2919	440	27	hearing	hearing	NOUN
cblr-2919	440	28	,	,	PUNCT
cblr-2919	440	29	supra	supra	PROPN
cblr-2919	440	30	note	note	NOUN
cblr-2919	440	31	1	1	NUM
cblr-2919	440	32	.	.	NOUN
cblr-2919	440	33	160	160	NUM
cblr-2919	440	34	hunt	hunt	NOUN
cblr-2919	440	35	,	,	PUNCT
cblr-2919	440	36	supra	supra	PROPN
cblr-2919	440	37	note	note	PROPN
cblr-2919	440	38	15	15	NUM
cblr-2919	440	39	,	,	PUNCT
cblr-2919	440	40	at	at	ADP
cblr-2919	440	41	58	58	NUM
cblr-2919	440	42	-	-	SYM
cblr-2919	440	43	59	59	NUM
cblr-2919	440	44	.	.	NUM
cblr-2919	440	45	161	161	NUM
cblr-2919	440	46	john	john	PROPN
cblr-2919	440	47	c.	c.	PROPN
cblr-2919	440	48	coffee	coffee	PROPN
cblr-2919	440	49	,	,	PUNCT
cblr-2919	440	50	jr	jr	PROPN
cblr-2919	440	51	.	.	PROPN
cblr-2919	440	52	,	,	PUNCT
cblr-2919	440	53	address	address	NOUN
cblr-2919	440	54	at	at	ADP
cblr-2919	440	55	columbia	columbia	PROPN
cblr-2919	440	56	law	law	PROPN
cblr-2919	440	57	school	school	NOUN
cblr-2919	440	58	panel	panel	NOUN
cblr-2919	440	59	discussion	discussion	NOUN
cblr-2919	440	60	on	on	ADP
cblr-2919	440	61	the	the	DET
cblr-2919	440	62	current	current	ADJ
cblr-2919	440	63	financial	financial	ADJ
cblr-2919	440	64	crisis	crisis	NOUN
cblr-2919	440	65	(	(	PUNCT
cblr-2919	440	66	oct	oct	PROPN
cblr-2919	440	67	.	.	PROPN
cblr-2919	440	68	8	8	NUM
cblr-2919	440	69	,	,	PUNCT
cblr-2919	440	70	2008	2008	NUM
cblr-2919	440	71	)	)	PUNCT
cblr-2919	440	72	,	,	PUNCT
cblr-2919	440	73	available	available	ADJ
cblr-2919	440	74	at	at	ADP
cblr-2919	440	75	http://www.law.columbia.edullaw	http://www.law.columbia.edullaw	PROPN
cblr-2919	440	76	school	school	NOUN
cblr-2919	440	77	/	/	SYM
cblr-2919	440	78	educationtech	educationtech	NOUN
cblr-2919	440	79	/	/	SYM
cblr-2919	440	80	streaming	streaming	NOUN
cblr-2919	440	81	/	/	SYM
cblr-2919	440	82	live	live	ADV
cblr-2919	440	83	.	.	PUNCT
cblr-2919	441	1	162	162	NUM
cblr-2919	441	2	manns	mann	NOUN
cblr-2919	441	3	,	,	PUNCT
cblr-2919	441	4	supra	supra	PROPN
cblr-2919	441	5	note	note	NOUN
cblr-2919	441	6	42	42	NUM
cblr-2919	441	7	,	,	PUNCT
cblr-2919	441	8	at	at	ADP
cblr-2919	441	9	1088	1088	NUM
cblr-2919	441	10	.	.	PUNCT
cblr-2919	442	1	271	271	NUM
cblr-2919	442	2	common	common	ADJ
cblr-2919	442	3	criticisms	criticism	NOUN
cblr-2919	442	4	of	of	ADP
cblr-2919	442	5	nationalization	nationalization	NOUN
cblr-2919	442	6	,	,	PUNCT
cblr-2919	442	7	finding	find	VERB
cblr-2919	442	8	that	that	SCONJ
cblr-2919	442	9	these	these	DET
cblr-2919	442	10	criticisms	criticism	NOUN
cblr-2919	442	11	are	be	AUX
cblr-2919	442	12	either	either	CCONJ
cblr-2919	442	13	inapplicable	inapplicable	ADJ
cblr-2919	442	14	or	or	CCONJ
cblr-2919	442	15	can	can	AUX
cblr-2919	442	16	be	be	AUX
cblr-2919	442	17	mitigated	mitigate	VERB
cblr-2919	442	18	in	in	ADP
cblr-2919	442	19	the	the	DET
cblr-2919	442	20	context	context	NOUN
cblr-2919	442	21	of	of	ADP
cblr-2919	442	22	rmbs	rmbs	PROPN
cblr-2919	442	23	and.r	and.r	PROPN
cblr-2919	442	24	-	-	PUNCT
cblr-2919	442	25	cdo	cdo	ADJ
cblr-2919	442	26	ratings	rating	NOUN
cblr-2919	442	27	.	.	PUNCT
cblr-2919	443	1	also	also	ADV
cblr-2919	443	2	,	,	PUNCT
cblr-2919	443	3	this	this	DET
cblr-2919	443	4	part	part	NOUN
cblr-2919	443	5	looks	look	VERB
cblr-2919	443	6	at	at	ADP
cblr-2919	443	7	other	other	ADJ
cblr-2919	443	8	instances	instance	NOUN
cblr-2919	443	9	of	of	ADP
cblr-2919	443	10	public	public	ADJ
cblr-2919	443	11	provision	provision	NOUN
cblr-2919	443	12	of	of	ADP
cblr-2919	443	13	goods	good	NOUN
cblr-2919	443	14	and	and	CCONJ
cblr-2919	443	15	services	service	NOUN
cblr-2919	443	16	.	.	PUNCT
cblr-2919	444	1	a.	a.	PROPN
cblr-2919	444	2	conventional	conventional	ADJ
cblr-2919	444	3	criticisms	criticism	NOUN
cblr-2919	444	4	of	of	ADP
cblr-2919	444	5	government	government	NOUN
cblr-2919	444	6	provision	provision	NOUN
cblr-2919	444	7	of	of	ADP
cblr-2919	444	8	goods	good	NOUN
cblr-2919	444	9	and	and	CCONJ
cblr-2919	444	10	services	service	NOUN
cblr-2919	444	11	many	many	ADJ
cblr-2919	444	12	of	of	ADP
cblr-2919	444	13	the	the	DET
cblr-2919	444	14	criticisms	criticism	NOUN
cblr-2919	444	15	of	of	ADP
cblr-2919	444	16	nationalization	nationalization	NOUN
cblr-2919	444	17	have	have	VERB
cblr-2919	444	18	their	their	PRON
cblr-2919	444	19	intellectual	intellectual	ADJ
cblr-2919	444	20	roots	root	NOUN
cblr-2919	444	21	in	in	ADP
cblr-2919	444	22	public	public	ADJ
cblr-2919	444	23	choice	choice	NOUN
cblr-2919	444	24	theory.163	theory.163	NOUN
cblr-2919	444	25	to	to	PART
cblr-2919	444	26	summarize	summarize	VERB
cblr-2919	444	27	,	,	PUNCT
cblr-2919	444	28	public	public	ADJ
cblr-2919	444	29	choice	choice	NOUN
cblr-2919	444	30	theory	theory	NOUN
cblr-2919	444	31	argues	argue	VERB
cblr-2919	444	32	that	that	SCONJ
cblr-2919	444	33	government	government	NOUN
cblr-2919	444	34	actors	actor	NOUN
cblr-2919	444	35	are	be	AUX
cblr-2919	444	36	influenced	influence	VERB
cblr-2919	444	37	by	by	ADP
cblr-2919	444	38	rational	rational	ADJ
cblr-2919	444	39	self	self	NOUN
cblr-2919	444	40	-	-	PUNCT
cblr-2919	444	41	interest	interest	NOUN
cblr-2919	444	42	and	and	CCONJ
cblr-2919	444	43	not	not	PART
cblr-2919	444	44	some	some	DET
cblr-2919	444	45	ideal	ideal	NOUN
cblr-2919	444	46	of	of	ADP
cblr-2919	444	47	virtuous	virtuous	ADJ
cblr-2919	444	48	public	public	ADJ
cblr-2919	444	49	service.1	service.1	PROPN
cblr-2919	444	50	"	"	PUNCT
cblr-2919	444	51	therefore	therefore	ADV
cblr-2919	444	52	,	,	PUNCT
cblr-2919	444	53	because	because	SCONJ
cblr-2919	444	54	there	there	PRON
cblr-2919	444	55	is	be	VERB
cblr-2919	444	56	no	no	DET
cblr-2919	444	57	profit	profit	NOUN
cblr-2919	444	58	-	-	PUNCT
cblr-2919	444	59	motive	motive	ADJ
cblr-2919	444	60	,	,	PUNCT
cblr-2919	444	61	government	government	NOUN
cblr-2919	444	62	actors	actor	NOUN
cblr-2919	444	63	will	will	AUX
cblr-2919	444	64	not	not	PART
cblr-2919	444	65	innovate	innovate	VERB
cblr-2919	444	66	or	or	CCONJ
cblr-2919	444	67	work	work	VERB
cblr-2919	444	68	hard	hard	ADV
cblr-2919	444	69	,	,	PUNCT
cblr-2919	444	70	but	but	CCONJ
cblr-2919	444	71	instead	instead	ADV
cblr-2919	444	72	,	,	PUNCT
cblr-2919	444	73	will	will	AUX
cblr-2919	444	74	be	be	AUX
cblr-2919	444	75	motivated	motivate	VERB
cblr-2919	444	76	by	by	ADP
cblr-2919	444	77	illegitimate	illegitimate	ADJ
cblr-2919	444	78	political	political	ADJ
cblr-2919	444	79	goals.165	goals.165	NOUN
cblr-2919	444	80	however	however	ADV
cblr-2919	444	81	,	,	PUNCT
cblr-2919	444	82	for	for	ADP
cblr-2919	444	83	the	the	DET
cblr-2919	444	84	agency	agency	NOUN
cblr-2919	444	85	's	's	PART
cblr-2919	444	86	tasks	task	NOUN
cblr-2919	444	87	,	,	PUNCT
cblr-2919	444	88	several	several	ADJ
cblr-2919	444	89	of	of	ADP
cblr-2919	444	90	the	the	DET
cblr-2919	444	91	commonly	commonly	ADV
cblr-2919	444	92	stated	state	VERB
cblr-2919	444	93	criticisms	criticism	NOUN
cblr-2919	444	94	of	of	ADP
cblr-2919	444	95	nationalization	nationalization	NOUN
cblr-2919	444	96	-	-	PUNCT
cblr-2919	444	97	lack	lack	NOUN
cblr-2919	444	98	of	of	ADP
cblr-2919	444	99	innovation	innovation	NOUN
cblr-2919	444	100	,	,	PUNCT
cblr-2919	444	101	over	over	ADP
cblr-2919	444	102	-	-	PUNCT
cblr-2919	444	103	formality	formality	NOUN
cblr-2919	444	104	,	,	PUNCT
cblr-2919	444	105	cost	cost	NOUN
cblr-2919	444	106	,	,	PUNCT
cblr-2919	444	107	and	and	CCONJ
cblr-2919	444	108	political	political	ADJ
cblr-2919	444	109	corruptioncan	corruptioncan	NOUN
cblr-2919	444	110	be	be	AUX
cblr-2919	444	111	sufficiently	sufficiently	ADV
cblr-2919	444	112	mitigated	mitigate	VERB
cblr-2919	444	113	,	,	PUNCT
cblr-2919	444	114	or	or	CCONJ
cblr-2919	444	115	,	,	PUNCT
cblr-2919	444	116	in	in	ADP
cblr-2919	444	117	fact	fact	NOUN
cblr-2919	444	118	,	,	PUNCT
cblr-2919	444	119	may	may	AUX
cblr-2919	444	120	even	even	ADV
cblr-2919	444	121	become	become	VERB
cblr-2919	444	122	virtues	virtue	NOUN
cblr-2919	444	123	.	.	PUNCT
cblr-2919	445	1	however	however	ADV
cblr-2919	445	2	,	,	PUNCT
cblr-2919	445	3	one	one	NUM
cblr-2919	445	4	common	common	ADJ
cblr-2919	445	5	criticism	criticism	NOUN
cblr-2919	445	6	is	be	AUX
cblr-2919	445	7	still	still	ADV
cblr-2919	445	8	applicable	applicable	ADJ
cblr-2919	445	9	:	:	PUNCT
cblr-2919	445	10	difficulties	difficulty	NOUN
cblr-2919	445	11	in	in	ADP
cblr-2919	445	12	designing	design	VERB
cblr-2919	445	13	and	and	CCONJ
cblr-2919	445	14	initializing	initialize	VERB
cblr-2919	445	15	the	the	DET
cblr-2919	445	16	government	government	NOUN
cblr-2919	445	17	takeover	takeover	NOUN
cblr-2919	445	18	.	.	PUNCT
cblr-2919	446	1	1	1	X
cblr-2919	446	2	.	.	X
cblr-2919	446	3	the	the	DET
cblr-2919	446	4	quality	quality	NOUN
cblr-2919	446	5	and	and	CCONJ
cblr-2919	446	6	efficiency	efficiency	NOUN
cblr-2919	446	7	of	of	ADP
cblr-2919	446	8	the	the	DET
cblr-2919	446	9	rating	rating	NOUN
cblr-2919	446	10	process	process	NOUN
cblr-2919	446	11	one	one	NUM
cblr-2919	446	12	common	common	ADJ
cblr-2919	446	13	criticism	criticism	NOUN
cblr-2919	446	14	of	of	ADP
cblr-2919	446	15	government	government	NOUN
cblr-2919	446	16	providers	provider	NOUN
cblr-2919	446	17	is	be	AUX
cblr-2919	446	18	that	that	SCONJ
cblr-2919	446	19	they	they	PRON
cblr-2919	446	20	suffer	suffer	VERB
cblr-2919	446	21	from	from	ADP
cblr-2919	446	22	a	a	DET
cblr-2919	446	23	lack	lack	NOUN
cblr-2919	446	24	of	of	ADP
cblr-2919	446	25	innovation.1	innovation.1	NOUN
cblr-2919	446	26	66	66	NUM
cblr-2919	446	27	however	however	ADV
cblr-2919	446	28	,	,	PUNCT
cblr-2919	446	29	this	this	PRON
cblr-2919	446	30	is	be	AUX
cblr-2919	446	31	arguably	arguably	ADV
cblr-2919	446	32	an	an	DET
cblr-2919	446	33	agency	agency	NOUN
cblr-2919	446	34	virtue	virtue	NOUN
cblr-2919	446	35	,	,	PUNCT
cblr-2919	446	36	as	as	SCONJ
cblr-2919	446	37	it	it	PRON
cblr-2919	446	38	is	be	AUX
cblr-2919	446	39	excess	excess	ADJ
cblr-2919	446	40	innovation	innovation	NOUN
cblr-2919	446	41	that	that	SCONJ
cblr-2919	446	42	16	16	NUM
cblr-2919	446	43	jane	jane	PROPN
cblr-2919	446	44	s.	s.	PROPN
cblr-2919	446	45	shaw	shaw	PROPN
cblr-2919	446	46	,	,	PUNCT
cblr-2919	446	47	public	public	ADJ
cblr-2919	446	48	choice	choice	NOUN
cblr-2919	446	49	theory	theory	NOUN
cblr-2919	446	50	,	,	PUNCT
cblr-2919	446	51	in	in	ADP
cblr-2919	446	52	the	the	DET
cblr-2919	446	53	concise	concise	ADJ
cblr-2919	446	54	encyclopedia	encyclopedia	NOUN
cblr-2919	446	55	of	of	ADP
cblr-2919	446	56	economics	economic	NOUN
cblr-2919	446	57	(	(	PUNCT
cblr-2919	446	58	david	david	PROPN
cblr-2919	446	59	r.	r.	PROPN
cblr-2919	446	60	henderson	henderson	PROPN
cblr-2919	446	61	ed	ed	PROPN
cblr-2919	446	62	.	.	PROPN
cblr-2919	446	63	,	,	PUNCT
cblr-2919	446	64	1993	1993	NUM
cblr-2919	446	65	)	)	PUNCT
cblr-2919	446	66	;	;	PUNCT
cblr-2919	446	67	see	see	VERB
cblr-2919	446	68	also	also	ADV
cblr-2919	446	69	amir	amir	PROPN
cblr-2919	446	70	hefetz	hefetz	PROPN
cblr-2919	446	71	&	&	CCONJ
cblr-2919	446	72	mildred	mildred	PROPN
cblr-2919	446	73	warner	warner	PROPN
cblr-2919	446	74	,	,	PUNCT
cblr-2919	446	75	privatization	privatization	NOUN
cblr-2919	446	76	and	and	CCONJ
cblr-2919	446	77	its	its	PRON
cblr-2919	446	78	reverse	reverse	NOUN
cblr-2919	446	79	:	:	PUNCT
cblr-2919	446	80	explaining	explain	VERB
cblr-2919	446	81	the	the	DET
cblr-2919	446	82	dynamics	dynamic	NOUN
cblr-2919	446	83	of	of	ADP
cblr-2919	446	84	the	the	DET
cblr-2919	446	85	government	government	NOUN
cblr-2919	446	86	contracting	contracting	NOUN
cblr-2919	446	87	process	process	NOUN
cblr-2919	446	88	,	,	PUNCT
cblr-2919	446	89	14	14	NUM
cblr-2919	446	90	j.	j.	PROPN
cblr-2919	446	91	pub	pub	PROPN
cblr-2919	446	92	.	.	PUNCT
cblr-2919	447	1	admin	admin	PROPN
cblr-2919	447	2	.	.	PUNCT
cblr-2919	448	1	res	res	PROPN
cblr-2919	448	2	.	.	PROPN
cblr-2919	448	3	&	&	CCONJ
cblr-2919	448	4	theory	theory	PROPN
cblr-2919	448	5	171	171	NUM
cblr-2919	448	6	,	,	PUNCT
cblr-2919	448	7	173	173	NUM
cblr-2919	448	8	(	(	PUNCT
cblr-2919	448	9	2004	2004	NUM
cblr-2919	448	10	)	)	PUNCT
cblr-2919	448	11	.	.	PUNCT
cblr-2919	449	1	164	164	NUM
cblr-2919	449	2	shaw	shaw	NOUN
cblr-2919	449	3	,	,	PUNCT
cblr-2919	449	4	supra	supra	PROPN
cblr-2919	449	5	note	note	PROPN
cblr-2919	449	6	163	163	NUM
cblr-2919	449	7	.	.	PUNCT
cblr-2919	449	8	'	'	PUNCT
cblr-2919	450	1	steven	steven	PROPN
cblr-2919	450	2	cohen	cohen	PROPN
cblr-2919	450	3	,	,	PUNCT
cblr-2919	450	4	a	a	DET
cblr-2919	450	5	strategic	strategic	ADJ
cblr-2919	450	6	framework	framework	NOUN
cblr-2919	450	7	for	for	ADP
cblr-2919	450	8	devolving	devolve	VERB
cblr-2919	450	9	responsibility	responsibility	NOUN
cblr-2919	450	10	and	and	CCONJ
cblr-2919	450	11	functions	function	NOUN
cblr-2919	450	12	from	from	ADP
cblr-2919	450	13	government	government	NOUN
cblr-2919	450	14	to	to	ADP
cblr-2919	450	15	the	the	DET
cblr-2919	450	16	private	private	ADJ
cblr-2919	450	17	sector	sector	NOUN
cblr-2919	450	18	,	,	PUNCT
cblr-2919	450	19	61	61	NUM
cblr-2919	450	20	pub	pub	NOUN
cblr-2919	450	21	.	.	PUNCT
cblr-2919	451	1	admin	admin	PROPN
cblr-2919	451	2	.	.	PUNCT
cblr-2919	452	1	rev	rev	PROPN
cblr-2919	452	2	.	.	PROPN
cblr-2919	452	3	432	432	NUM
cblr-2919	452	4	,	,	PUNCT
cblr-2919	452	5	433	433	NUM
cblr-2919	452	6	(	(	PUNCT
cblr-2919	452	7	2001	2001	NUM
cblr-2919	452	8	)	)	PUNCT
cblr-2919	452	9	.	.	PUNCT
cblr-2919	453	1	16	16	NUM
cblr-2919	453	2	hefetz	hefetz	ADJ
cblr-2919	453	3	,	,	PUNCT
cblr-2919	453	4	supra	supra	PROPN
cblr-2919	453	5	note	note	PROPN
cblr-2919	453	6	163	163	NUM
cblr-2919	453	7	,	,	PUNCT
cblr-2919	453	8	at	at	ADP
cblr-2919	453	9	173	173	NUM
cblr-2919	453	10	.	.	PUNCT
cblr-2919	454	1	272	272	NUM
cblr-2919	454	2	col	col	PROPN
cblr-2919	454	3	umbia	umbia	PROPN
cblr-2919	454	4	b	b	PROPN
cblr-2919	454	5	usiness	usiness	PROPN
cblr-2919	454	6	la	la	PROPN
cblr-2919	454	7	w	w	PROPN
cblr-2919	454	8	re	re	PROPN
cblr-2919	454	9	vie	vie	PROPN
cblr-2919	454	10	w	w	PROPN
cblr-2919	455	1	[	[	X
cblr-2919	455	2	vol	vol	NOUN
cblr-2919	455	3	.	.	PUNCT
cblr-2919	456	1	2010	2010	NUM
cblr-2919	456	2	no	no	INTJ
cblr-2919	456	3	.	.	PUNCT
cblr-2919	457	1	1:245	1:245	NUM
cblr-2919	457	2	]	]	X
cblr-2919	457	3	mortgage	mortgage	NOUN
cblr-2919	457	4	creditratings	creditrating	NOUN
cblr-2919	457	5	and	and	CCONJ
cblr-2919	457	6	financial	financial	ADJ
cblr-2919	457	7	crisis	crisis	NOUN
cblr-2919	457	8	played	play	VERB
cblr-2919	457	9	a	a	DET
cblr-2919	457	10	large	large	ADJ
cblr-2919	457	11	part	part	NOUN
cblr-2919	457	12	in	in	ADP
cblr-2919	457	13	creating	create	VERB
cblr-2919	457	14	the	the	DET
cblr-2919	457	15	current	current	ADJ
cblr-2919	457	16	financial	financial	ADJ
cblr-2919	457	17	crisis	crisis	NOUN
cblr-2919	457	18	.	.	PUNCT
cblr-2919	458	1	167	167	NUM
cblr-2919	458	2	innovative	innovative	ADJ
cblr-2919	458	3	debt	debt	NOUN
cblr-2919	458	4	instruments	instrument	NOUN
cblr-2919	458	5	,	,	PUNCT
cblr-2919	458	6	as	as	SCONJ
cblr-2919	458	7	explained	explain	VERB
cblr-2919	458	8	in	in	ADP
cblr-2919	458	9	part	part	NOUN
cblr-2919	458	10	iv.c	iv.c	VERB
cblr-2919	458	11	.	.	PROPN
cblr-2919	458	12	,	,	PUNCT
cblr-2919	458	13	were	be	AUX
cblr-2919	458	14	often	often	ADV
cblr-2919	458	15	a	a	DET
cblr-2919	458	16	way	way	NOUN
cblr-2919	458	17	of	of	ADP
cblr-2919	458	18	illegitimately	illegitimately	ADV
cblr-2919	458	19	leveraging	leverage	VERB
cblr-2919	458	20	investor	investor	NOUN
cblr-2919	458	21	trust	trust	NOUN
cblr-2919	458	22	.	.	PUNCT
cblr-2919	459	1	even	even	ADV
cblr-2919	459	2	the	the	DET
cblr-2919	459	3	standard	standard	NOUN
cblr-2919	459	4	-	-	PUNCT
cblr-2919	459	5	bearer	bearer	NOUN
cblr-2919	459	6	of	of	ADP
cblr-2919	459	7	free	free	ADJ
cblr-2919	459	8	markets	market	NOUN
cblr-2919	459	9	,	,	PUNCT
cblr-2919	459	10	the	the	DET
cblr-2919	459	11	economist	economist	NOUN
cblr-2919	459	12	,	,	PUNCT
cblr-2919	459	13	questions	question	VERB
cblr-2919	459	14	the	the	DET
cblr-2919	459	15	need	need	NOUN
cblr-2919	459	16	for	for	ADP
cblr-2919	459	17	such	such	ADJ
cblr-2919	459	18	complexity	complexity	NOUN
cblr-2919	459	19	.	.	PUNCT
cblr-2919	460	1	the	the	DET
cblr-2919	460	2	magazine	magazine	NOUN
cblr-2919	460	3	criticizes	criticize	VERB
cblr-2919	460	4	the	the	DET
cblr-2919	460	5	illiquidity	illiquidity	NOUN
cblr-2919	460	6	and	and	CCONJ
cblr-2919	460	7	valuation	valuation	NOUN
cblr-2919	460	8	difficulties	difficulty	NOUN
cblr-2919	460	9	complex	complex	ADJ
cblr-2919	460	10	securities	security	NOUN
cblr-2919	460	11	pose	pose	VERB
cblr-2919	460	12	,	,	PUNCT
cblr-2919	460	13	particularly	particularly	ADV
cblr-2919	460	14	in	in	ADP
cblr-2919	460	15	times	time	NOUN
cblr-2919	460	16	of	of	ADP
cblr-2919	460	17	market	market	NOUN
cblr-2919	460	18	stress.6	stress.6	PROPN
cblr-2919	460	19	the	the	DET
cblr-2919	460	20	agency	agency	NOUN
cblr-2919	460	21	will	will	AUX
cblr-2919	460	22	therefore	therefore	ADV
cblr-2919	460	23	limit	limit	VERB
cblr-2919	460	24	innovation	innovation	NOUN
cblr-2919	460	25	by	by	ADP
cblr-2919	460	26	limiting	limit	VERB
cblr-2919	460	27	the	the	DET
cblr-2919	460	28	types	type	NOUN
cblr-2919	460	29	of	of	ADP
cblr-2919	460	30	securities	security	NOUN
cblr-2919	460	31	it	it	PRON
cblr-2919	460	32	is	be	AUX
cblr-2919	460	33	willing	willing	ADJ
cblr-2919	460	34	to	to	PART
cblr-2919	460	35	rate	rate	VERB
cblr-2919	460	36	to	to	ADP
cblr-2919	460	37	those	those	PRON
cblr-2919	460	38	that	that	PRON
cblr-2919	460	39	serve	serve	VERB
cblr-2919	460	40	the	the	DET
cblr-2919	460	41	purposes	purpose	NOUN
cblr-2919	460	42	of	of	ADP
cblr-2919	460	43	ratings	rating	NOUN
cblr-2919	460	44	-	-	PUNCT
cblr-2919	460	45	based	base	VERB
cblr-2919	460	46	regulations	regulation	NOUN
cblr-2919	460	47	and	and	CCONJ
cblr-2919	460	48	are	be	AUX
cblr-2919	460	49	not	not	PART
cblr-2919	460	50	simply	simply	ADV
cblr-2919	460	51	designed	design	VERB
cblr-2919	460	52	to	to	PART
cblr-2919	460	53	take	take	VERB
cblr-2919	460	54	advantage	advantage	NOUN
cblr-2919	460	55	of	of	ADP
cblr-2919	460	56	investors	investor	NOUN
cblr-2919	460	57	through	through	ADP
cblr-2919	460	58	overcomplexity	overcomplexity	NOUN
cblr-2919	460	59	.	.	PUNCT
cblr-2919	461	1	if	if	SCONJ
cblr-2919	461	2	investors	investor	NOUN
cblr-2919	461	3	wish	wish	VERB
cblr-2919	461	4	to	to	PART
cblr-2919	461	5	buy	buy	VERB
cblr-2919	461	6	non	non	ADJ
cblr-2919	461	7	-	-	ADJ
cblr-2919	461	8	agency	agency	ADJ
cblr-2919	461	9	rated	rate	VERB
cblr-2919	461	10	debt	debt	NOUN
cblr-2919	461	11	,	,	PUNCT
cblr-2919	461	12	they	they	PRON
cblr-2919	461	13	could	could	AUX
cblr-2919	461	14	still	still	ADV
cblr-2919	461	15	do	do	VERB
cblr-2919	461	16	so	so	ADV
cblr-2919	461	17	,	,	PUNCT
cblr-2919	461	18	but	but	CCONJ
cblr-2919	461	19	these	these	DET
cblr-2919	461	20	securities	security	NOUN
cblr-2919	461	21	would	would	AUX
cblr-2919	461	22	not	not	PART
cblr-2919	461	23	satisfy	satisfy	VERB
cblr-2919	461	24	ratings	rating	NOUN
cblr-2919	461	25	-	-	PUNCT
cblr-2919	461	26	based	base	VERB
cblr-2919	461	27	regulations	regulation	NOUN
cblr-2919	461	28	.	.	PUNCT
cblr-2919	462	1	another	another	DET
cblr-2919	462	2	common	common	ADJ
cblr-2919	462	3	criticism	criticism	NOUN
cblr-2919	462	4	of	of	ADP
cblr-2919	462	5	government	government	NOUN
cblr-2919	462	6	is	be	AUX
cblr-2919	462	7	overformality	overformality	NOUN
cblr-2919	462	8	;	;	PUNCT
cblr-2919	462	9	too	too	ADV
cblr-2919	462	10	many	many	ADJ
cblr-2919	462	11	bureaucratic	bureaucratic	ADJ
cblr-2919	462	12	procedures	procedure	NOUN
cblr-2919	462	13	create	create	VERB
cblr-2919	462	14	inefficiencies	inefficiency	NOUN
cblr-2919	462	15	and	and	CCONJ
cblr-2919	462	16	slow	slow	VERB
cblr-2919	462	17	the	the	DET
cblr-2919	462	18	delivery	delivery	NOUN
cblr-2919	462	19	of	of	ADP
cblr-2919	462	20	goods	good	NOUN
cblr-2919	462	21	and	and	CCONJ
cblr-2919	462	22	services.69	services.69	NOUN
cblr-2919	462	23	however	however	ADV
cblr-2919	462	24	,	,	PUNCT
cblr-2919	462	25	strict	strict	ADJ
cblr-2919	462	26	regimentation	regimentation	NOUN
cblr-2919	462	27	is	be	AUX
cblr-2919	462	28	arguably	arguably	ADV
cblr-2919	462	29	what	what	PRON
cblr-2919	462	30	the	the	DET
cblr-2919	462	31	rating	rating	NOUN
cblr-2919	462	32	process	process	NOUN
cblr-2919	462	33	needs	need	VERB
cblr-2919	462	34	.	.	PUNCT
cblr-2919	463	1	investors	investor	NOUN
cblr-2919	463	2	desire	desire	VERB
cblr-2919	463	3	the	the	DET
cblr-2919	463	4	knowledge	knowledge	NOUN
cblr-2919	463	5	that	that	SCONJ
cblr-2919	463	6	the	the	DET
cblr-2919	463	7	security	security	NOUN
cblr-2919	463	8	is	be	AUX
cblr-2919	463	9	reviewed	review	VERB
cblr-2919	463	10	in	in	ADP
cblr-2919	463	11	a	a	DET
cblr-2919	463	12	predictable	predictable	ADJ
cblr-2919	463	13	fashion	fashion	NOUN
cblr-2919	463	14	or	or	CCONJ
cblr-2919	463	15	that	that	SCONJ
cblr-2919	463	16	any	any	DET
cblr-2919	463	17	changes	change	NOUN
cblr-2919	463	18	are	be	AUX
cblr-2919	463	19	immediately	immediately	ADV
cblr-2919	463	20	and	and	CCONJ
cblr-2919	463	21	thoroughly	thoroughly	ADV
cblr-2919	463	22	explained	explain	VERB
cblr-2919	463	23	.	.	PUNCT
cblr-2919	464	1	70	70	NUM
cblr-2919	465	1	the	the	DET
cblr-2919	465	2	cras	cras	PROPN
cblr-2919	465	3	have	have	AUX
cblr-2919	465	4	been	be	AUX
cblr-2919	465	5	accused	accuse	VERB
cblr-2919	465	6	of	of	ADP
cblr-2919	465	7	not	not	PART
cblr-2919	465	8	following	follow	VERB
cblr-2919	465	9	their	their	PRON
cblr-2919	465	10	own	own	ADJ
cblr-2919	465	11	rules	rule	NOUN
cblr-2919	465	12	when	when	SCONJ
cblr-2919	465	13	they	they	PRON
cblr-2919	465	14	changed	change	VERB
cblr-2919	465	15	ratings	rating	NOUN
cblr-2919	465	16	without	without	ADP
cblr-2919	465	17	apparent	apparent	ADJ
cblr-2919	465	18	reason	reason	NOUN
cblr-2919	465	19	and	and	CCONJ
cblr-2919	465	20	when	when	SCONJ
cblr-2919	465	21	they	they	PRON
cblr-2919	465	22	were	be	AUX
cblr-2919	465	23	slow	slow	ADJ
cblr-2919	465	24	to	to	PART
cblr-2919	465	25	downgrade	downgrade	VERB
cblr-2919	465	26	.	.	PUNCT
cblr-2919	466	1	"'7	"'7	NOUN
cblr-2919	466	2	manns	manns	PROPN
cblr-2919	466	3	argues	argue	VERB
cblr-2919	466	4	that	that	SCONJ
cblr-2919	466	5	if	if	SCONJ
cblr-2919	466	6	the	the	DET
cblr-2919	466	7	cras	cras	PROPN
cblr-2919	466	8	had	have	AUX
cblr-2919	466	9	only	only	ADV
cblr-2919	466	10	followed	follow	VERB
cblr-2919	466	11	their	their	PRON
cblr-2919	466	12	ratings	rating	NOUN
cblr-2919	466	13	models	model	NOUN
cblr-2919	466	14	,	,	PUNCT
cblr-2919	466	15	and	and	CCONJ
cblr-2919	466	16	downgraded	downgrade	VERB
cblr-2919	466	17	certain	certain	ADJ
cblr-2919	466	18	securities	security	NOUN
cblr-2919	466	19	at	at	ADP
cblr-2919	466	20	an	an	DET
cblr-2919	466	21	earlier	early	ADJ
cblr-2919	466	22	moment	moment	NOUN
cblr-2919	466	23	,	,	PUNCT
cblr-2919	466	24	the	the	DET
cblr-2919	466	25	federal	federal	PROPN
cblr-2919	466	26	reserve	reserve	PROPN
cblr-2919	466	27	and	and	CCONJ
cblr-2919	466	28	the	the	DET
cblr-2919	466	29	treasury	treasury	PROPN
cblr-2919	466	30	department	department	PROPN
cblr-2919	466	31	would	would	AUX
cblr-2919	466	32	have	have	AUX
cblr-2919	466	33	been	be	AUX
cblr-2919	466	34	able	able	ADJ
cblr-2919	466	35	to	to	PART
cblr-2919	466	36	avert	avert	VERB
cblr-2919	466	37	the	the	DET
cblr-2919	466	38	bear	bear	NOUN
cblr-2919	466	39	stearns	stearn	NOUN
cblr-2919	466	40	collapse	collapse	NOUN
cblr-2919	466	41	.	.	PUNCT
cblr-2919	467	1	"	"	PUNCT
cblr-2919	467	2	"	"	PUNCT
cblr-2919	467	3	therefore	therefore	ADV
cblr-2919	467	4	,	,	PUNCT
cblr-2919	467	5	although	although	SCONJ
cblr-2919	467	6	the	the	DET
cblr-2919	467	7	agency	agency	NOUN
cblr-2919	467	8	may	may	AUX
cblr-2919	467	9	be	be	AUX
cblr-2919	467	10	slow	slow	ADJ
cblr-2919	467	11	and	and	CCONJ
cblr-2919	467	12	regimented	regiment	VERB
cblr-2919	467	13	,	,	PUNCT
cblr-2919	467	14	it	it	PRON
cblr-2919	467	15	would	would	AUX
cblr-2919	467	16	be	be	AUX
cblr-2919	467	17	predictably	predictably	ADV
cblr-2919	467	18	slow	slow	ADJ
cblr-2919	467	19	and	and	CCONJ
cblr-2919	467	20	regimented	regimented	ADJ
cblr-2919	467	21	.	.	PUNCT
cblr-2919	468	1	furthermore	furthermore	ADV
cblr-2919	468	2	,	,	PUNCT
cblr-2919	468	3	it	it	PRON
cblr-2919	468	4	is	be	AUX
cblr-2919	468	5	arguably	arguably	ADV
cblr-2919	468	6	the	the	DET
cblr-2919	468	7	lack	lack	NOUN
cblr-2919	468	8	of	of	ADP
cblr-2919	468	9	predictability	predictability	NOUN
cblr-2919	468	10	,	,	PUNCT
cblr-2919	468	11	not	not	PART
cblr-2919	468	12	necessarily	necessarily	ADV
cblr-2919	468	13	the	the	DET
cblr-2919	468	14	speed	speed	NOUN
cblr-2919	468	15	167	167	NUM
cblr-2919	468	16	in	in	ADP
cblr-2919	468	17	plato	plato	PROPN
cblr-2919	468	18	's	's	PART
cblr-2919	468	19	cave	cave	NOUN
cblr-2919	468	20	,	,	PUNCT
cblr-2919	468	21	economist	economist	NOUN
cblr-2919	468	22	,	,	PUNCT
cblr-2919	468	23	jan	jan	PROPN
cblr-2919	468	24	.	.	PROPN
cblr-2919	468	25	24	24	NUM
cblr-2919	468	26	,	,	PUNCT
cblr-2919	468	27	2009	2009	NUM
cblr-2919	468	28	,	,	PUNCT
cblr-2919	468	29	at	at	ADP
cblr-2919	468	30	13	13	NUM
cblr-2919	468	31	.	.	PUNCT
cblr-2919	469	1	168	168	NUM
cblr-2919	470	1	i	i	PRON
cblr-2919	470	2	d.	d.	PROPN
cblr-2919	470	3	169	169	NUM
cblr-2919	470	4	cohen	cohen	PROPN
cblr-2919	470	5	,	,	PUNCT
cblr-2919	470	6	supra	supra	PROPN
cblr-2919	470	7	note	note	PROPN
cblr-2919	470	8	165	165	NUM
cblr-2919	470	9	,	,	PUNCT
cblr-2919	470	10	at	at	ADP
cblr-2919	470	11	433	433	NUM
cblr-2919	470	12	.	.	PUNCT
cblr-2919	471	1	170	170	NUM
cblr-2919	471	2	see	see	VERB
cblr-2919	471	3	iosco	iosco	NOUN
cblr-2919	471	4	,	,	PUNCT
cblr-2919	471	5	supra	supra	PROPN
cblr-2919	471	6	note	note	PROPN
cblr-2919	471	7	1	1	NUM
cblr-2919	471	8	,	,	PUNCT
cblr-2919	471	9	at	at	ADP
cblr-2919	471	10	11	11	NUM
cblr-2919	471	11	.	.	PUNCT
cblr-2919	471	12	171	171	NUM
cblr-2919	471	13	iosco	iosco	NOUN
cblr-2919	471	14	,	,	PUNCT
cblr-2919	471	15	supra	supra	PROPN
cblr-2919	471	16	note	note	PROPN
cblr-2919	471	17	1	1	NUM
cblr-2919	471	18	,	,	PUNCT
cblr-2919	471	19	at	at	ADP
cblr-2919	471	20	11	11	NUM
cblr-2919	471	21	;	;	PUNCT
cblr-2919	471	22	manns	mann	NOUN
cblr-2919	471	23	,	,	PUNCT
cblr-2919	471	24	supra	supra	PROPN
cblr-2919	471	25	note	note	NOUN
cblr-2919	471	26	42	42	NUM
cblr-2919	471	27	,	,	PUNCT
cblr-2919	471	28	at	at	ADP
cblr-2919	471	29	1087	1087	NUM
cblr-2919	471	30	.	.	PUNCT
cblr-2919	472	1	172	172	NUM
cblr-2919	472	2	manns	mann	NOUN
cblr-2919	472	3	,	,	PUNCT
cblr-2919	472	4	supra	supra	PROPN
cblr-2919	472	5	note	note	NOUN
cblr-2919	472	6	42	42	NUM
cblr-2919	472	7	,	,	PUNCT
cblr-2919	472	8	at	at	ADP
cblr-2919	472	9	1088	1088	NUM
cblr-2919	472	10	.	.	PUNCT
cblr-2919	473	1	273	273	NUM
cblr-2919	473	2	at	at	ADP
cblr-2919	473	3	which	which	PRON
cblr-2919	473	4	ratings	rating	NOUN
cblr-2919	473	5	are	be	AUX
cblr-2919	473	6	upgraded	upgrade	VERB
cblr-2919	473	7	or	or	CCONJ
cblr-2919	473	8	downgraded	downgrade	VERB
cblr-2919	473	9	,	,	PUNCT
cblr-2919	473	10	that	that	PRON
cblr-2919	473	11	caused	cause	VERB
cblr-2919	473	12	problems	problem	NOUN
cblr-2919	473	13	in	in	ADP
cblr-2919	473	14	this	this	DET
cblr-2919	473	15	current	current	ADJ
cblr-2919	473	16	financial	financial	ADJ
cblr-2919	473	17	crisis	crisis	NOUN
cblr-2919	473	18	.	.	PUNCT
cblr-2919	474	1	"	"	PUNCT
cblr-2919	474	2	'	'	PUNCT
cblr-2919	474	3	another	another	DET
cblr-2919	474	4	criticism	criticism	NOUN
cblr-2919	474	5	may	may	AUX
cblr-2919	474	6	be	be	AUX
cblr-2919	474	7	the	the	DET
cblr-2919	474	8	cost	cost	NOUN
cblr-2919	474	9	of	of	ADP
cblr-2919	474	10	the	the	DET
cblr-2919	474	11	agency	agency	NOUN
cblr-2919	474	12	.	.	PUNCT
cblr-2919	475	1	there	there	PRON
cblr-2919	475	2	is	be	VERB
cblr-2919	475	3	a	a	DET
cblr-2919	475	4	common	common	ADJ
cblr-2919	475	5	perception	perception	NOUN
cblr-2919	475	6	that	that	SCONJ
cblr-2919	475	7	government	government	NOUN
cblr-2919	475	8	accomplishes	accomplish	VERB
cblr-2919	475	9	its	its	PRON
cblr-2919	475	10	tasks	task	NOUN
cblr-2919	475	11	in	in	ADP
cblr-2919	475	12	a	a	DET
cblr-2919	475	13	less	less	ADV
cblr-2919	475	14	efficient	efficient	ADJ
cblr-2919	475	15	manner	manner	NOUN
cblr-2919	475	16	than	than	ADP
cblr-2919	475	17	private	private	ADJ
cblr-2919	475	18	enterprises	enterprise	NOUN
cblr-2919	475	19	do.7	do.7	PROPN
cblr-2919	475	20	first	first	ADV
cblr-2919	475	21	,	,	PUNCT
cblr-2919	475	22	this	this	DET
cblr-2919	475	23	notion	notion	NOUN
cblr-2919	475	24	may	may	AUX
cblr-2919	475	25	be	be	AUX
cblr-2919	475	26	false	false	ADJ
cblr-2919	475	27	;	;	PUNCT
cblr-2919	475	28	elliot	elliot	PROPN
cblr-2919	475	29	sclar	sclar	PROPN
cblr-2919	475	30	argues	argue	VERB
cblr-2919	475	31	compellingly	compellingly	ADV
cblr-2919	475	32	that	that	SCONJ
cblr-2919	475	33	this	this	DET
cblr-2919	475	34	perception	perception	NOUN
cblr-2919	475	35	is	be	AUX
cblr-2919	475	36	driven	drive	VERB
cblr-2919	475	37	more	more	ADV
cblr-2919	475	38	by	by	ADP
cblr-2919	475	39	ideology	ideology	NOUN
cblr-2919	475	40	than	than	ADP
cblr-2919	475	41	by	by	ADP
cblr-2919	475	42	reasoned	reason	VERB
cblr-2919	475	43	inferences	inference	NOUN
cblr-2919	475	44	from	from	ADP
cblr-2919	475	45	empirical	empirical	ADJ
cblr-2919	475	46	evidence	evidence	NOUN
cblr-2919	475	47	.	.	PUNCT
cblr-2919	475	48	"	"	PUNCT
cblr-2919	476	1	second	second	ADV
cblr-2919	476	2	,	,	PUNCT
cblr-2919	476	3	the	the	DET
cblr-2919	476	4	cras	cras	X
cblr-2919	476	5	are	be	AUX
cblr-2919	476	6	incredibly	incredibly	ADV
cblr-2919	476	7	profitable	profitable	ADJ
cblr-2919	476	8	.	.	PUNCT
cblr-2919	477	1	"	"	PUNCT
cblr-2919	477	2	'	'	PUNCT
cblr-2919	477	3	moody	moody	PROPN
cblr-2919	477	4	's	's	PART
cblr-2919	477	5	income	income	NOUN
cblr-2919	477	6	before	before	ADP
cblr-2919	477	7	interest	interest	NOUN
cblr-2919	477	8	and	and	CCONJ
cblr-2919	477	9	taxes	taxis	NOUN
cblr-2919	477	10	,	,	PUNCT
cblr-2919	477	11	for	for	ADP
cblr-2919	477	12	example	example	NOUN
cblr-2919	477	13	,	,	PUNCT
cblr-2919	477	14	was	be	AUX
cblr-2919	477	15	one	one	NUM
cblr-2919	477	16	billion	billion	NUM
cblr-2919	477	17	dollars	dollar	NOUN
cblr-2919	477	18	in	in	ADP
cblr-2919	477	19	2007	2007	NUM
cblr-2919	477	20	,	,	PUNCT
cblr-2919	477	21	or	or	CCONJ
cblr-2919	477	22	fifty	fifty	NUM
cblr-2919	477	23	percent	percent	NOUN
cblr-2919	477	24	of	of	ADP
cblr-2919	477	25	revenue.7	revenue.7	NOUN
cblr-2919	477	26	thus	thus	ADV
cblr-2919	477	27	,	,	PUNCT
cblr-2919	477	28	even	even	ADV
cblr-2919	477	29	if	if	SCONJ
cblr-2919	477	30	,	,	PUNCT
cblr-2919	477	31	operationally	operationally	ADV
cblr-2919	477	32	,	,	PUNCT
cblr-2919	477	33	the	the	DET
cblr-2919	477	34	agency	agency	NOUN
cblr-2919	477	35	were	be	AUX
cblr-2919	477	36	half	half	ADV
cblr-2919	477	37	as	as	ADV
cblr-2919	477	38	efficient	efficient	ADJ
cblr-2919	477	39	as	as	ADP
cblr-2919	477	40	moody	moody	NOUN
cblr-2919	477	41	's	's	PART
cblr-2919	477	42	,	,	PUNCT
cblr-2919	477	43	the	the	DET
cblr-2919	477	44	social	social	ADJ
cblr-2919	477	45	cost	cost	NOUN
cblr-2919	477	46	of	of	ADP
cblr-2919	477	47	its	its	PRON
cblr-2919	477	48	services	service	NOUN
cblr-2919	477	49	would	would	AUX
cblr-2919	477	50	be	be	AUX
cblr-2919	477	51	equivalent	equivalent	ADJ
cblr-2919	477	52	.	.	PUNCT
cblr-2919	478	1	third	third	ADV
cblr-2919	478	2	,	,	PUNCT
cblr-2919	478	3	as	as	SCONJ
cblr-2919	478	4	explicated	explicate	VERB
cblr-2919	478	5	in	in	ADP
cblr-2919	478	6	part	part	NOUN
cblr-2919	478	7	v.c	v.c	PROPN
cblr-2919	478	8	.	.	PROPN
cblr-2919	478	9	,	,	PUNCT
cblr-2919	478	10	the	the	DET
cblr-2919	478	11	prevention	prevention	NOUN
cblr-2919	478	12	of	of	ADP
cblr-2919	478	13	crises	crisis	NOUN
cblr-2919	478	14	such	such	ADJ
cblr-2919	478	15	as	as	ADP
cblr-2919	478	16	the	the	DET
cblr-2919	478	17	current	current	ADJ
cblr-2919	478	18	one	one	PRON
cblr-2919	478	19	would	would	AUX
cblr-2919	478	20	justify	justify	VERB
cblr-2919	478	21	,	,	PUNCT
cblr-2919	478	22	if	if	SCONJ
cblr-2919	478	23	necessary	necessary	ADJ
cblr-2919	478	24	,	,	PUNCT
cblr-2919	478	25	the	the	DET
cblr-2919	478	26	higher	high	ADJ
cblr-2919	478	27	costs	cost	NOUN
cblr-2919	478	28	that	that	PRON
cblr-2919	478	29	the	the	DET
cblr-2919	478	30	agency	agency	NOUN
cblr-2919	478	31	might	might	AUX
cblr-2919	478	32	.	.	PUNCT
cblr-2919	479	1	impose	impose	VERB
cblr-2919	479	2	on	on	ADP
cblr-2919	479	3	issuers	issuer	NOUN
cblr-2919	479	4	compared	compare	VERB
cblr-2919	479	5	to	to	ADP
cblr-2919	479	6	the	the	DET
cblr-2919	479	7	cras	cras	X
cblr-2919	479	8	.	.	PUNCT
cblr-2919	480	1	2	2	X
cblr-2919	480	2	.	.	X
cblr-2919	480	3	accountability	accountability	NOUN
cblr-2919	480	4	in	in	ADP
cblr-2919	480	5	the	the	DET
cblr-2919	480	6	rating	rating	NOUN
cblr-2919	480	7	process	process	NOUN
cblr-2919	480	8	another	another	DET
cblr-2919	480	9	common	common	ADJ
cblr-2919	480	10	criticism	criticism	NOUN
cblr-2919	480	11	is	be	AUX
cblr-2919	480	12	that	that	SCONJ
cblr-2919	480	13	government	government	NOUN
cblr-2919	480	14	agencies	agency	NOUN
cblr-2919	480	15	are	be	AUX
cblr-2919	480	16	unaccountable	unaccountable	ADJ
cblr-2919	480	17	and	and	CCONJ
cblr-2919	480	18	therefore	therefore	ADV
cblr-2919	480	19	prone	prone	ADJ
cblr-2919	480	20	to	to	ADP
cblr-2919	480	21	bad	bad	ADJ
cblr-2919	480	22	decisionmaking	decisionmaking	NOUN
cblr-2919	480	23	and	and	CCONJ
cblr-2919	480	24	corruption	corruption	NOUN
cblr-2919	480	25	.	.	PUNCT
cblr-2919	481	1	"8	"8	PROPN
cblr-2919	481	2	however	however	ADV
cblr-2919	481	3	,	,	PUNCT
cblr-2919	481	4	the	the	DET
cblr-2919	481	5	transparency	transparency	NOUN
cblr-2919	481	6	of	of	ADP
cblr-2919	481	7	the	the	DET
cblr-2919	481	8	agency	agency	NOUN
cblr-2919	481	9	will	will	AUX
cblr-2919	481	10	help	help	VERB
cblr-2919	481	11	mitigate	mitigate	VERB
cblr-2919	481	12	problems	problem	NOUN
cblr-2919	481	13	of	of	ADP
cblr-2919	481	14	subpar	subpar	ADJ
cblr-2919	481	15	judgment	judgment	NOUN
cblr-2919	481	16	and	and	CCONJ
cblr-2919	481	17	enable	enable	VERB
cblr-2919	481	18	outside	outside	ADP
cblr-2919	481	19	accountability	accountability	NOUN
cblr-2919	481	20	.	.	PUNCT
cblr-2919	482	1	assumptions	assumption	NOUN
cblr-2919	482	2	and	and	CCONJ
cblr-2919	482	3	models	model	NOUN
cblr-2919	482	4	will	will	AUX
cblr-2919	482	5	be	be	AUX
cblr-2919	482	6	open	open	ADJ
cblr-2919	482	7	to	to	ADP
cblr-2919	482	8	scrutiny	scrutiny	NOUN
cblr-2919	482	9	.	.	PUNCT
cblr-2919	483	1	for	for	ADP
cblr-2919	483	2	example	example	NOUN
cblr-2919	483	3	,	,	PUNCT
cblr-2919	483	4	interested	interested	ADJ
cblr-2919	483	5	parties	party	NOUN
cblr-2919	483	6	can	can	AUX
cblr-2919	483	7	173	173	NUM
cblr-2919	483	8	the	the	DET
cblr-2919	483	9	2009	2009	NUM
cblr-2919	483	10	sec	sec	PROPN
cblr-2919	483	11	regulations	regulation	NOUN
cblr-2919	483	12	do	do	AUX
cblr-2919	483	13	require	require	VERB
cblr-2919	483	14	that	that	SCONJ
cblr-2919	483	15	the	the	DET
cblr-2919	483	16	cras	cras	PROPN
cblr-2919	483	17	announce	announce	VERB
cblr-2919	483	18	any	any	DET
cblr-2919	483	19	changes	change	NOUN
cblr-2919	483	20	in	in	ADP
cblr-2919	483	21	rating	rating	NOUN
cblr-2919	483	22	methodology	methodology	NOUN
cblr-2919	483	23	.	.	PUNCT
cblr-2919	484	1	however	however	ADV
cblr-2919	484	2	,	,	PUNCT
cblr-2919	484	3	as	as	SCONJ
cblr-2919	484	4	argued	argue	VERB
cblr-2919	484	5	in	in	ADP
cblr-2919	484	6	part	part	NOUN
cblr-2919	484	7	v.b	v.b	PROPN
cblr-2919	484	8	,	,	PUNCT
cblr-2919	484	9	it	it	PRON
cblr-2919	484	10	remains	remain	VERB
cblr-2919	484	11	to	to	PART
cblr-2919	484	12	be	be	AUX
cblr-2919	484	13	seen	see	VERB
cblr-2919	484	14	how	how	SCONJ
cblr-2919	484	15	well	well	ADV
cblr-2919	484	16	the	the	DET
cblr-2919	484	17	sec	sec	PROPN
cblr-2919	484	18	can	can	AUX
cblr-2919	484	19	enforce	enforce	VERB
cblr-2919	484	20	such	such	DET
cblr-2919	484	21	a	a	DET
cblr-2919	484	22	vague	vague	ADJ
cblr-2919	484	23	requirement	requirement	NOUN
cblr-2919	484	24	.	.	PUNCT
cblr-2919	485	1	174	174	NUM
cblr-2919	485	2	elliott	elliott	PROPN
cblr-2919	485	3	d.	d.	PROPN
cblr-2919	485	4	sclar	sclar	PROPN
cblr-2919	485	5	,	,	PUNCT
cblr-2919	485	6	you	you	PRON
cblr-2919	485	7	do	do	AUX
cblr-2919	485	8	n't	not	PART
cblr-2919	485	9	always	always	ADV
cblr-2919	485	10	get	get	VERB
cblr-2919	485	11	what	what	PRON
cblr-2919	485	12	you	you	PRON
cblr-2919	485	13	pay	pay	VERB
cblr-2919	485	14	for	for	ADP
cblr-2919	485	15	:	:	PUNCT
cblr-2919	485	16	the	the	DET
cblr-2919	485	17	economics	economic	NOUN
cblr-2919	485	18	of	of	ADP
cblr-2919	485	19	privatization	privatization	NOUN
cblr-2919	485	20	4	4	NUM
cblr-2919	485	21	(	(	PUNCT
cblr-2919	485	22	2000	2000	NUM
cblr-2919	485	23	)	)	PUNCT
cblr-2919	485	24	.	.	PUNCT
cblr-2919	486	1	"	"	PUNCT
cblr-2919	486	2	1	1	NUM
cblr-2919	486	3	i	i	PRON
cblr-2919	486	4	d.	d.	NOUN
cblr-2919	486	5	at	at	ADP
cblr-2919	486	6	11	11	NUM
cblr-2919	486	7	-	-	SYM
cblr-2919	486	8	15	15	NUM
cblr-2919	486	9	.	.	PUNCT
cblr-2919	487	1	176	176	NUM
cblr-2919	487	2	partnoy	partnoy	ADJ
cblr-2919	487	3	,	,	PUNCT
cblr-2919	487	4	supra	supra	ADJ
cblr-2919	487	5	note	note	NOUN
cblr-2919	487	6	74	74	NUM
cblr-2919	487	7	,	,	PUNCT
cblr-2919	487	8	at	at	ADP
cblr-2919	487	9	62	62	NUM
cblr-2919	487	10	-	-	SYM
cblr-2919	487	11	68	68	NUM
cblr-2919	487	12	.	.	PUNCT
cblr-2919	488	1	177	177	NUM
cblr-2919	488	2	moody	moody	PROPN
cblr-2919	488	3	's	's	PART
cblr-2919	488	4	corp	corp	PROPN
cblr-2919	488	5	.	.	PROPN
cblr-2919	488	6	,	,	PUNCT
cblr-2919	488	7	current	current	ADJ
cblr-2919	488	8	report	report	NOUN
cblr-2919	488	9	(	(	PUNCT
cblr-2919	488	10	form	form	NOUN
cblr-2919	488	11	8	8	NUM
cblr-2919	488	12	-	-	PUNCT
cblr-2919	488	13	k	k	NOUN
cblr-2919	488	14	)	)	PUNCT
cblr-2919	488	15	,	,	PUNCT
cblr-2919	488	16	at	at	ADP
cblr-2919	488	17	13	13	NUM
cblr-2919	488	18	(	(	PUNCT
cblr-2919	488	19	feb	feb	X
cblr-2919	488	20	.	.	PROPN
cblr-2919	488	21	5	5	NUM
cblr-2919	488	22	,	,	PUNCT
cblr-2919	488	23	2009	2009	NUM
cblr-2919	488	24	)	)	PUNCT
cblr-2919	488	25	.	.	PUNCT
cblr-2919	489	1	2007	2007	NUM
cblr-2919	489	2	was	be	AUX
cblr-2919	489	3	the	the	DET
cblr-2919	489	4	height	height	NOUN
cblr-2919	489	5	of	of	ADP
cblr-2919	489	6	the	the	DET
cblr-2919	489	7	market	market	NOUN
cblr-2919	489	8	.	.	PUNCT
cblr-2919	490	1	though	though	SCONJ
cblr-2919	490	2	2008	2008	NUM
cblr-2919	490	3	earnings	earning	NOUN
cblr-2919	490	4	were	be	AUX
cblr-2919	490	5	lower	low	ADJ
cblr-2919	490	6	,	,	PUNCT
cblr-2919	490	7	operating	operate	VERB
cblr-2919	490	8	margin	margin	NOUN
cblr-2919	490	9	stayed	stay	VERB
cblr-2919	490	10	high	high	ADJ
cblr-2919	490	11	at	at	ADP
cblr-2919	490	12	forty	forty	NUM
cblr-2919	490	13	-	-	PUNCT
cblr-2919	490	14	two	two	NUM
cblr-2919	490	15	percent	percent	NOUN
cblr-2919	490	16	.	.	PUNCT
cblr-2919	491	1	i	i	PRON
cblr-2919	491	2	d.	d.	PROPN
cblr-2919	491	3	before	before	ADP
cblr-2919	491	4	2007	2007	NUM
cblr-2919	491	5	,	,	PUNCT
cblr-2919	491	6	moody	moody	PROPN
cblr-2919	491	7	's	's	PART
cblr-2919	491	8	operating	operate	VERB
cblr-2919	491	9	margin	margin	NOUN
cblr-2919	491	10	and	and	CCONJ
cblr-2919	491	11	profits	profit	NOUN
cblr-2919	491	12	were	be	AUX
cblr-2919	491	13	not	not	PART
cblr-2919	491	14	substantially	substantially	ADV
cblr-2919	491	15	different	different	ADJ
cblr-2919	491	16	.	.	PUNCT
cblr-2919	492	1	see	see	VERB
cblr-2919	492	2	partnoy	partnoy	ADJ
cblr-2919	492	3	,	,	PUNCT
cblr-2919	492	4	supra	supra	ADJ
cblr-2919	492	5	note	note	NOUN
cblr-2919	492	6	74	74	NUM
cblr-2919	492	7	,	,	PUNCT
cblr-2919	492	8	at	at	ADP
cblr-2919	492	9	62	62	NUM
cblr-2919	492	10	-	-	SYM
cblr-2919	492	11	68	68	NUM
cblr-2919	492	12	.	.	PUNCT
cblr-2919	492	13	178	178	NUM
cblr-2919	492	14	cohen	cohen	NOUN
cblr-2919	492	15	,	,	PUNCT
cblr-2919	492	16	supra	supra	PROPN
cblr-2919	492	17	note	note	PROPN
cblr-2919	492	18	165	165	NUM
cblr-2919	492	19	,	,	PUNCT
cblr-2919	492	20	at	at	ADP
cblr-2919	492	21	433	433	NUM
cblr-2919	492	22	.	.	NOUN
cblr-2919	493	1	274	274	NUM
cblr-2919	493	2	col	col	NOUN
cblr-2919	493	3	umbla	umbla	VERB
cblr-2919	493	4	b	b	X
cblr-2919	493	5	usiness	usiness	PROPN
cblr-2919	493	6	la	la	PROPN
cblr-2919	493	7	w	w	PROPN
cblr-2919	493	8	re	re	PROPN
cblr-2919	493	9	vie	vie	PROPN
cblr-2919	493	10	w	w	PROPN
cblr-2919	494	1	[	[	X
cblr-2919	494	2	vol	vol	NOUN
cblr-2919	494	3	.	.	PUNCT
cblr-2919	495	1	2010	2010	NUM
cblr-2919	495	2	no	no	INTJ
cblr-2919	495	3	.	.	PUNCT
cblr-2919	496	1	1:245	1:245	NUM
cblr-2919	496	2	]	]	X
cblr-2919	496	3	mortgage	mortgage	NOUN
cblr-2919	496	4	credit	credit	NOUN
cblr-2919	496	5	ratings	rating	NOUN
cblr-2919	496	6	and	and	CCONJ
cblr-2919	496	7	financial	financial	ADJ
cblr-2919	496	8	crisis	crisis	NOUN
cblr-2919	496	9	track	track	VERB
cblr-2919	496	10	the	the	DET
cblr-2919	496	11	agency	agency	NOUN
cblr-2919	496	12	's	's	PART
cblr-2919	496	13	performance	performance	NOUN
cblr-2919	496	14	and	and	CCONJ
cblr-2919	496	15	offer	offer	VERB
cblr-2919	496	16	suggestions	suggestion	NOUN
cblr-2919	496	17	for	for	ADP
cblr-2919	496	18	more	more	ADV
cblr-2919	496	19	accurate	accurate	ADJ
cblr-2919	496	20	models	model	NOUN
cblr-2919	496	21	or	or	CCONJ
cblr-2919	496	22	better	well	ADJ
cblr-2919	496	23	supported	support	VERB
cblr-2919	496	24	assumptions	assumption	NOUN
cblr-2919	496	25	.	.	PUNCT
cblr-2919	497	1	additionally	additionally	ADV
cblr-2919	497	2	,	,	PUNCT
cblr-2919	497	3	the	the	DET
cblr-2919	497	4	transparency	transparency	NOUN
cblr-2919	497	5	will	will	AUX
cblr-2919	497	6	enable	enable	VERB
cblr-2919	497	7	the	the	DET
cblr-2919	497	8	public	public	NOUN
cblr-2919	497	9	to	to	PART
cblr-2919	497	10	expose	expose	VERB
cblr-2919	497	11	instances	instance	NOUN
cblr-2919	497	12	in	in	ADP
cblr-2919	497	13	which	which	PRON
cblr-2919	497	14	models	model	NOUN
cblr-2919	497	15	or	or	CCONJ
cblr-2919	497	16	assumptions	assumption	NOUN
cblr-2919	497	17	have	have	AUX
cblr-2919	497	18	been	be	AUX
cblr-2919	497	19	manipulated	manipulate	VERB
cblr-2919	497	20	for	for	ADP
cblr-2919	497	21	illegitimate	illegitimate	ADJ
cblr-2919	497	22	political	political	ADJ
cblr-2919	497	23	ends	end	NOUN
cblr-2919	497	24	.	.	PUNCT
cblr-2919	498	1	as	as	SCONJ
cblr-2919	498	2	explained	explain	VERB
cblr-2919	498	3	in	in	ADP
cblr-2919	498	4	part	part	PROPN
cblr-2919	498	5	v.c	v.c	PROPN
cblr-2919	498	6	,	,	PUNCT
cblr-2919	498	7	the	the	DET
cblr-2919	498	8	agency	agency	NOUN
cblr-2919	498	9	's	's	PART
cblr-2919	498	10	transparency	transparency	NOUN
cblr-2919	498	11	will	will	AUX
cblr-2919	498	12	be	be	AUX
cblr-2919	498	13	more	more	ADV
cblr-2919	498	14	comprehensive	comprehensive	ADJ
cblr-2919	498	15	than	than	ADP
cblr-2919	498	16	that	that	PRON
cblr-2919	498	17	which	which	PRON
cblr-2919	498	18	a	a	DET
cblr-2919	498	19	profit	profit	NOUN
cblr-2919	498	20	-	-	PUNCT
cblr-2919	498	21	motivated	motivate	VERB
cblr-2919	498	22	entity	entity	NOUN
cblr-2919	498	23	could	could	AUX
cblr-2919	498	24	ever	ever	ADV
cblr-2919	498	25	achieve	achieve	VERB
cblr-2919	498	26	.	.	PUNCT
cblr-2919	499	1	lastly	lastly	ADV
cblr-2919	499	2	,	,	PUNCT
cblr-2919	499	3	investors	investor	NOUN
cblr-2919	499	4	will	will	AUX
cblr-2919	499	5	still	still	ADV
cblr-2919	499	6	have	have	VERB
cblr-2919	499	7	to	to	PART
cblr-2919	499	8	purchase	purchase	VERB
cblr-2919	499	9	the	the	DET
cblr-2919	499	10	securities	security	NOUN
cblr-2919	499	11	.	.	PUNCT
cblr-2919	500	1	by	by	ADP
cblr-2919	500	2	setting	set	VERB
cblr-2919	500	3	a	a	DET
cblr-2919	500	4	price	price	NOUN
cblr-2919	500	5	for	for	ADP
cblr-2919	500	6	the	the	DET
cblr-2919	500	7	security	security	NOUN
cblr-2919	500	8	that	that	PRON
cblr-2919	500	9	is	be	AUX
cblr-2919	500	10	lower	low	ADJ
cblr-2919	500	11	than	than	ADP
cblr-2919	500	12	the	the	DET
cblr-2919	500	13	one	one	NOUN
cblr-2919	500	14	predicted	predict	VERB
cblr-2919	500	15	by	by	ADP
cblr-2919	500	16	the	the	DET
cblr-2919	500	17	rating	rating	NOUN
cblr-2919	500	18	,	,	PUNCT
cblr-2919	500	19	investors	investor	NOUN
cblr-2919	500	20	can	can	AUX
cblr-2919	500	21	signal	signal	VERB
cblr-2919	500	22	a	a	DET
cblr-2919	500	23	belief	belief	NOUN
cblr-2919	500	24	that	that	SCONJ
cblr-2919	500	25	the	the	DET
cblr-2919	500	26	rating	rating	NOUN
cblr-2919	500	27	is	be	AUX
cblr-2919	500	28	not	not	PART
cblr-2919	500	29	free	free	ADJ
cblr-2919	500	30	from	from	ADP
cblr-2919	500	31	illegitimate	illegitimate	ADJ
cblr-2919	500	32	political	political	ADJ
cblr-2919	500	33	interference	interference	NOUN
cblr-2919	500	34	.	.	PUNCT
cblr-2919	501	1	3	3	X
cblr-2919	501	2	.	.	X
cblr-2919	501	3	a	a	DET
cblr-2919	501	4	costly	costly	ADJ
cblr-2919	501	5	and	and	CCONJ
cblr-2919	501	6	difficult	difficult	ADJ
cblr-2919	501	7	start	start	VERB
cblr-2919	501	8	one	one	NUM
cblr-2919	501	9	probably	probably	ADV
cblr-2919	501	10	unavoidable	unavoidable	ADJ
cblr-2919	501	11	problem	problem	NOUN
cblr-2919	501	12	is	be	AUX
cblr-2919	501	13	that	that	SCONJ
cblr-2919	501	14	it	it	PRON
cblr-2919	501	15	will	will	AUX
cblr-2919	501	16	take	take	VERB
cblr-2919	501	17	a	a	DET
cblr-2919	501	18	considerable	considerable	ADJ
cblr-2919	501	19	amount	amount	NOUN
cblr-2919	501	20	of	of	ADP
cblr-2919	501	21	effort	effort	NOUN
cblr-2919	501	22	and	and	CCONJ
cblr-2919	501	23	funding	funding	NOUN
cblr-2919	501	24	to	to	PART
cblr-2919	501	25	get	get	VERB
cblr-2919	501	26	the	the	DET
cblr-2919	501	27	agency	agency	NOUN
cblr-2919	501	28	up	up	ADP
cblr-2919	501	29	and	and	CCONJ
cblr-2919	501	30	running	run	VERB
cblr-2919	501	31	.	.	PUNCT
cblr-2919	502	1	an	an	DET
cblr-2919	502	2	initial	initial	ADJ
cblr-2919	502	3	obstacle	obstacle	NOUN
cblr-2919	502	4	is	be	AUX
cblr-2919	502	5	that	that	SCONJ
cblr-2919	502	6	the	the	DET
cblr-2919	502	7	agency	agency	NOUN
cblr-2919	502	8	will	will	AUX
cblr-2919	502	9	start	start	VERB
cblr-2919	502	10	off	off	ADP
cblr-2919	502	11	without	without	ADP
cblr-2919	502	12	the	the	DET
cblr-2919	502	13	historical	historical	ADJ
cblr-2919	502	14	data	datum	NOUN
cblr-2919	502	15	and	and	CCONJ
cblr-2919	502	16	personnel	personnel	NOUN
cblr-2919	502	17	needed	need	VERB
cblr-2919	502	18	to	to	PART
cblr-2919	502	19	construct	construct	VERB
cblr-2919	502	20	the	the	DET
cblr-2919	502	21	models	model	NOUN
cblr-2919	502	22	.	.	PUNCT
cblr-2919	503	1	because	because	SCONJ
cblr-2919	503	2	the	the	DET
cblr-2919	503	3	cras	cras	X
cblr-2919	503	4	'	'	PART
cblr-2919	503	5	nrsro	nrsro	ADJ
cblr-2919	503	6	designations	designation	NOUN
cblr-2919	503	7	will	will	AUX
cblr-2919	503	8	be	be	AUX
cblr-2919	503	9	taken	take	VERB
cblr-2919	503	10	away	away	ADV
cblr-2919	503	11	by	by	ADP
cblr-2919	503	12	this	this	DET
cblr-2919	503	13	plan	plan	NOUN
cblr-2919	503	14	,	,	PUNCT
cblr-2919	503	15	the	the	DET
cblr-2919	503	16	cras	cras	X
cblr-2919	503	17	may	may	AUX
cblr-2919	503	18	want	want	VERB
cblr-2919	503	19	to	to	PART
cblr-2919	503	20	exit	exit	VERB
cblr-2919	503	21	the	the	DET
cblr-2919	503	22	r	r	NOUN
cblr-2919	503	23	-	-	PUNCT
cblr-2919	503	24	cdo	cdo	ADJ
cblr-2919	503	25	and	and	CCONJ
cblr-2919	503	26	rmbs	rmbs	PROPN
cblr-2919	503	27	rating	rating	NOUN
cblr-2919	503	28	business	business	NOUN
cblr-2919	503	29	.	.	PUNCT
cblr-2919	504	1	therefore	therefore	ADV
cblr-2919	504	2	,	,	PUNCT
cblr-2919	504	3	the	the	DET
cblr-2919	504	4	agency	agency	NOUN
cblr-2919	504	5	might	might	AUX
cblr-2919	504	6	be	be	AUX
cblr-2919	504	7	able	able	ADJ
cblr-2919	504	8	to	to	PART
cblr-2919	504	9	purchase	purchase	VERB
cblr-2919	504	10	models	model	NOUN
cblr-2919	504	11	and	and	CCONJ
cblr-2919	504	12	data	datum	NOUN
cblr-2919	504	13	relatively	relatively	ADV
cblr-2919	504	14	cheaply	cheaply	ADV
cblr-2919	504	15	and	and	CCONJ
cblr-2919	504	16	hire	hire	VERB
cblr-2919	504	17	the	the	DET
cblr-2919	504	18	personnel	personnel	NOUN
cblr-2919	504	19	that	that	PRON
cblr-2919	504	20	used	use	VERB
cblr-2919	504	21	to	to	PART
cblr-2919	504	22	work	work	VERB
cblr-2919	504	23	for	for	ADP
cblr-2919	504	24	the	the	DET
cblr-2919	504	25	cras	cras	X
cblr-2919	504	26	(	(	PUNCT
cblr-2919	504	27	or	or	CCONJ
cblr-2919	504	28	at	at	ADP
cblr-2919	504	29	one	one	NUM
cblr-2919	504	30	of	of	ADP
cblr-2919	504	31	the	the	DET
cblr-2919	504	32	now	now	ADV
cblr-2919	504	33	-	-	PUNCT
cblr-2919	504	34	bankrupt	bankrupt	ADJ
cblr-2919	504	35	issuers	issuer	NOUN
cblr-2919	504	36	)	)	PUNCT
cblr-2919	504	37	.	.	PUNCT
cblr-2919	505	1	nevertheless	nevertheless	ADV
cblr-2919	505	2	,	,	PUNCT
cblr-2919	505	3	this	this	DET
cblr-2919	505	4	process	process	NOUN
cblr-2919	505	5	might	might	AUX
cblr-2919	505	6	be	be	AUX
cblr-2919	505	7	more	more	ADV
cblr-2919	505	8	difficult	difficult	ADJ
cblr-2919	505	9	than	than	SCONJ
cblr-2919	505	10	it	it	PRON
cblr-2919	505	11	initially	initially	ADV
cblr-2919	505	12	appears	appear	VERB
cblr-2919	505	13	,	,	PUNCT
cblr-2919	505	14	and	and	CCONJ
cblr-2919	505	15	there	there	PRON
cblr-2919	505	16	may	may	AUX
cblr-2919	505	17	be	be	AUX
cblr-2919	505	18	other	other	ADJ
cblr-2919	505	19	costs	cost	NOUN
cblr-2919	505	20	and	and	CCONJ
cblr-2919	505	21	obstacles	obstacle	NOUN
cblr-2919	505	22	that	that	PRON
cblr-2919	505	23	this	this	DET
cblr-2919	505	24	note	note	NOUN
cblr-2919	505	25	does	do	AUX
cblr-2919	505	26	not	not	PART
cblr-2919	505	27	anticipate	anticipate	VERB
cblr-2919	505	28	.	.	PUNCT
cblr-2919	506	1	how	how	SCONJ
cblr-2919	506	2	to	to	PART
cblr-2919	506	3	deal	deal	VERB
cblr-2919	506	4	with	with	ADP
cblr-2919	506	5	obstacles	obstacle	NOUN
cblr-2919	506	6	in	in	ADP
cblr-2919	506	7	the	the	DET
cblr-2919	506	8	agency	agency	NOUN
cblr-2919	506	9	's	's	PART
cblr-2919	506	10	formation	formation	NOUN
cblr-2919	506	11	are	be	AUX
cblr-2919	506	12	questions	question	NOUN
cblr-2919	506	13	for	for	ADP
cblr-2919	506	14	another	another	DET
cblr-2919	506	15	note	note	NOUN
cblr-2919	506	16	.	.	PUNCT
cblr-2919	507	1	b.	b.	PROPN
cblr-2919	507	2	precedent	precedent	PROPN
cblr-2919	507	3	for	for	ADP
cblr-2919	507	4	government	government	NOUN
cblr-2919	507	5	involvement	involvement	NOUN
cblr-2919	507	6	we	we	PRON
cblr-2919	507	7	do	do	AUX
cblr-2919	507	8	not	not	PART
cblr-2919	507	9	always	always	ADV
cblr-2919	507	10	rely	rely	VERB
cblr-2919	507	11	on	on	ADP
cblr-2919	507	12	a	a	DET
cblr-2919	507	13	profit	profit	NOUN
cblr-2919	507	14	-	-	PUNCT
cblr-2919	507	15	motivated	motivate	VERB
cblr-2919	507	16	entity	entity	NOUN
cblr-2919	507	17	,	,	PUNCT
cblr-2919	507	18	notwithstanding	notwithstanding	ADP
cblr-2919	507	19	any	any	DET
cblr-2919	507	20	sort	sort	NOUN
cblr-2919	507	21	of	of	ADP
cblr-2919	507	22	incentive	incentive	NOUN
cblr-2919	507	23	structure	structure	NOUN
cblr-2919	507	24	that	that	PRON
cblr-2919	507	25	an	an	DET
cblr-2919	507	26	outside	outside	ADJ
cblr-2919	507	27	regulator	regulator	NOUN
cblr-2919	507	28	can	can	AUX
cblr-2919	507	29	design	design	VERB
cblr-2919	507	30	.	.	PUNCT
cblr-2919	508	1	in	in	ADP
cblr-2919	508	2	various	various	ADJ
cblr-2919	508	3	contexts	contexts	NOUN
cblr-2919	508	4	,	,	PUNCT
cblr-2919	508	5	the	the	DET
cblr-2919	508	6	government	government	NOUN
cblr-2919	508	7	acts	act	VERB
cblr-2919	508	8	as	as	ADP
cblr-2919	508	9	an	an	DET
cblr-2919	508	10	inspector	inspector	NOUN
cblr-2919	508	11	,	,	PUNCT
cblr-2919	508	12	ensuring	ensure	VERB
cblr-2919	508	13	that	that	SCONJ
cblr-2919	508	14	private	private	ADJ
cblr-2919	508	15	entities	entity	NOUN
cblr-2919	508	16	comply	comply	VERB
cblr-2919	508	17	with	with	ADP
cblr-2919	508	18	certain	certain	ADJ
cblr-2919	508	19	regulations	regulation	NOUN
cblr-2919	508	20	.	.	PUNCT
cblr-2919	509	1	one	one	NUM
cblr-2919	509	2	such	such	ADJ
cblr-2919	509	3	setting	setting	NOUN
cblr-2919	509	4	is	be	AUX
cblr-2919	509	5	meat	meat	NOUN
cblr-2919	509	6	inspection	inspection	NOUN
cblr-2919	509	7	;	;	PUNCT
cblr-2919	509	8	a	a	DET
cblr-2919	509	9	usda	usda	NOUN
cblr-2919	509	10	veterinarian	veterinarian	NOUN
cblr-2919	509	11	inspects	inspect	VERB
cblr-2919	509	12	every	every	DET
cblr-2919	509	13	cow	cow	NOUN
cblr-2919	509	14	carcass	carcass	NOUN
cblr-2919	509	15	before	before	SCONJ
cblr-2919	509	16	it	it	PRON
cblr-2919	509	17	is	be	AUX
cblr-2919	509	18	processed	process	VERB
cblr-2919	509	19	into	into	ADP
cblr-2919	509	20	beef	beef	NOUN
cblr-2919	509	21	for	for	ADP
cblr-2919	509	22	human	human	ADJ
cblr-2919	509	23	275	275	NUM
cblr-2919	509	24	columbia	columbia	PROPN
cblr-2919	509	25	business	business	NOUN
cblr-2919	509	26	law	law	PROPN
cblr-2919	509	27	review	review	VERB
cblr-2919	509	28	consumption	consumption	NOUN
cblr-2919	509	29	.	.	PUNCT
cblr-2919	509	30	'	'	PUNCT
cblr-2919	510	1	another	another	DET
cblr-2919	510	2	example	example	NOUN
cblr-2919	510	3	is	be	AUX
cblr-2919	510	4	the	the	DET
cblr-2919	510	5	epa	epa	PROPN
cblr-2919	510	6	's	's	PART
cblr-2919	510	7	unannounced	unannounced	ADJ
cblr-2919	510	8	inspections	inspection	NOUN
cblr-2919	510	9	of	of	ADP
cblr-2919	510	10	chemical	chemical	ADJ
cblr-2919	510	11	facilities.s	facilities.s	NOUN
cblr-2919	510	12	0	0	NUM
cblr-2919	511	1	these	these	DET
cblr-2919	511	2	government	government	NOUN
cblr-2919	511	3	agencies	agency	NOUN
cblr-2919	511	4	could	could	AUX
cblr-2919	511	5	,	,	PUNCT
cblr-2919	511	6	in	in	ADP
cblr-2919	511	7	theory	theory	NOUN
cblr-2919	511	8	,	,	PUNCT
cblr-2919	511	9	contract	contract	VERB
cblr-2919	511	10	out	out	ADP
cblr-2919	511	11	their	their	PRON
cblr-2919	511	12	tasks	task	NOUN
cblr-2919	511	13	to	to	ADP
cblr-2919	511	14	private	private	ADJ
cblr-2919	511	15	agencies	agency	NOUN
cblr-2919	511	16	that	that	PRON
cblr-2919	511	17	could	could	AUX
cblr-2919	511	18	operate	operate	VERB
cblr-2919	511	19	under	under	ADP
cblr-2919	511	20	a	a	DET
cblr-2919	511	21	regulatory	regulatory	ADJ
cblr-2919	511	22	framework	framework	NOUN
cblr-2919	511	23	,	,	PUNCT
cblr-2919	511	24	much	much	ADV
cblr-2919	511	25	as	as	SCONJ
cblr-2919	511	26	the	the	DET
cblr-2919	511	27	current	current	ADJ
cblr-2919	511	28	cras	cras	X
cblr-2919	511	29	operate	operate	VERB
cblr-2919	511	30	under	under	ADP
cblr-2919	511	31	a	a	DET
cblr-2919	511	32	sec	sec	PROPN
cblr-2919	511	33	regulatory	regulatory	ADJ
cblr-2919	511	34	framework	framework	NOUN
cblr-2919	511	35	.	.	PUNCT
cblr-2919	512	1	however	however	ADV
cblr-2919	512	2	,	,	PUNCT
cblr-2919	512	3	for	for	ADP
cblr-2919	512	4	these	these	DET
cblr-2919	512	5	tasks	task	NOUN
cblr-2919	512	6	,	,	PUNCT
cblr-2919	512	7	the	the	DET
cblr-2919	512	8	public	public	NOUN
cblr-2919	512	9	recognizes	recognize	VERB
cblr-2919	512	10	that	that	SCONJ
cblr-2919	512	11	neither	neither	CCONJ
cblr-2919	512	12	competition	competition	NOUN
cblr-2919	512	13	nor	nor	CCONJ
cblr-2919	512	14	the	the	DET
cblr-2919	512	15	profit	profit	NOUN
cblr-2919	512	16	-	-	PUNCT
cblr-2919	512	17	motive	motive	NOUN
cblr-2919	512	18	leads	lead	VERB
cblr-2919	512	19	to	to	ADP
cblr-2919	512	20	a	a	DET
cblr-2919	512	21	better	well	ADJ
cblr-2919	512	22	outcome	outcome	NOUN
cblr-2919	512	23	.	.	PUNCT
cblr-2919	513	1	in	in	ADP
cblr-2919	513	2	the	the	DET
cblr-2919	513	3	corporate	corporate	ADJ
cblr-2919	513	4	governance	governance	NOUN
cblr-2919	513	5	world	world	NOUN
cblr-2919	513	6	,	,	PUNCT
cblr-2919	513	7	there	there	PRON
cblr-2919	513	8	was	be	VERB
cblr-2919	513	9	a	a	DET
cblr-2919	513	10	plan	plan	NOUN
cblr-2919	513	11	in	in	ADP
cblr-2919	513	12	the	the	DET
cblr-2919	513	13	early	early	ADJ
cblr-2919	513	14	1900s	1900	NOUN
cblr-2919	513	15	to	to	PART
cblr-2919	513	16	have	have	VERB
cblr-2919	513	17	the	the	DET
cblr-2919	513	18	treasury	treasury	PROPN
cblr-2919	513	19	department	department	PROPN
cblr-2919	513	20	directly	directly	ADV
cblr-2919	513	21	employ	employ	VERB
cblr-2919	513	22	accountants	accountant	NOUN
cblr-2919	513	23	to	to	PART
cblr-2919	513	24	audit	audit	VERB
cblr-2919	513	25	publicly	publicly	ADV
cblr-2919	513	26	traded	trade	VERB
cblr-2919	513	27	companies	company	NOUN
cblr-2919	513	28	.	.	PUNCT
cblr-2919	514	1	"	"	PUNCT
cblr-2919	514	2	'	'	PUNCT
cblr-2919	514	3	in	in	ADP
cblr-2919	514	4	1898	1898	NUM
cblr-2919	514	5	,	,	PUNCT
cblr-2919	514	6	congress	congress	PROPN
cblr-2919	514	7	created	create	VERB
cblr-2919	514	8	the	the	DET
cblr-2919	514	9	industrial	industrial	ADJ
cblr-2919	514	10	commission	commission	NOUN
cblr-2919	514	11	,	,	PUNCT
cblr-2919	514	12	a	a	DET
cblr-2919	514	13	blue	blue	ADJ
cblr-2919	514	14	ribbon	ribbon	NOUN
cblr-2919	514	15	panel	panel	NOUN
cblr-2919	514	16	of	of	ADP
cblr-2919	514	17	corporate	corporate	ADJ
cblr-2919	514	18	governance	governance	NOUN
cblr-2919	514	19	experts	expert	NOUN
cblr-2919	514	20	,	,	PUNCT
cblr-2919	514	21	to	to	PART
cblr-2919	514	22	study	study	VERB
cblr-2919	514	23	regulation	regulation	NOUN
cblr-2919	514	24	of	of	ADP
cblr-2919	514	25	large	large	ADJ
cblr-2919	514	26	corporations	corporation	NOUN
cblr-2919	514	27	and	and	CCONJ
cblr-2919	514	28	trusts	trust	NOUN
cblr-2919	514	29	.	.	PUNCT
cblr-2919	514	30	'	'	PUNCT
cblr-2919	515	1	a	a	DET
cblr-2919	515	2	minority	minority	NOUN
cblr-2919	515	3	report	report	NOUN
cblr-2919	515	4	of	of	ADP
cblr-2919	515	5	the	the	DET
cblr-2919	515	6	commission	commission	NOUN
cblr-2919	515	7	proposed	propose	VERB
cblr-2919	515	8	requiring	require	VERB
cblr-2919	515	9	audits	audits	NOUN
cblr-2919	515	10	of	of	ADP
cblr-2919	515	11	these	these	DET
cblr-2919	515	12	large	large	ADJ
cblr-2919	515	13	corporations	corporation	NOUN
cblr-2919	515	14	,	,	PUNCT
cblr-2919	515	15	but	but	CCONJ
cblr-2919	515	16	this	this	DET
cblr-2919	515	17	measure	measure	NOUN
cblr-2919	515	18	was	be	AUX
cblr-2919	515	19	not	not	PART
cblr-2919	515	20	included	include	VERB
cblr-2919	515	21	in	in	ADP
cblr-2919	515	22	the	the	DET
cblr-2919	515	23	commission	commission	NOUN
cblr-2919	515	24	's	's	PART
cblr-2919	515	25	final	final	ADJ
cblr-2919	515	26	report	report	NOUN
cblr-2919	515	27	.	.	PUNCT
cblr-2919	516	1	18	18	NUM
cblr-2919	516	2	however	however	ADV
cblr-2919	516	3	,	,	PUNCT
cblr-2919	516	4	it	it	PRON
cblr-2919	516	5	showed	show	VERB
cblr-2919	516	6	that	that	SCONJ
cblr-2919	516	7	at	at	ADV
cblr-2919	516	8	least	least	ADJ
cblr-2919	516	9	a	a	DET
cblr-2919	516	10	minority	minority	NOUN
cblr-2919	516	11	of	of	ADP
cblr-2919	516	12	corporate	corporate	ADJ
cblr-2919	516	13	governance	governance	NOUN
cblr-2919	516	14	experts	expert	NOUN
cblr-2919	516	15	felt	feel	VERB
cblr-2919	516	16	that	that	SCONJ
cblr-2919	516	17	only	only	ADV
cblr-2919	516	18	a	a	DET
cblr-2919	516	19	government	government	NOUN
cblr-2919	516	20	authority	authority	NOUN
cblr-2919	516	21	could	could	AUX
cblr-2919	516	22	be	be	AUX
cblr-2919	516	23	entrusted	entrust	VERB
cblr-2919	516	24	to	to	PART
cblr-2919	516	25	handle	handle	VERB
cblr-2919	516	26	the	the	DET
cblr-2919	516	27	task	task	NOUN
cblr-2919	516	28	of	of	ADP
cblr-2919	516	29	large	large	ADJ
cblr-2919	516	30	-	-	PUNCT
cblr-2919	516	31	corporation	corporation	NOUN
cblr-2919	516	32	accounting	accounting	NOUN
cblr-2919	516	33	.	.	PUNCT
cblr-2919	517	1	lastly	lastly	ADV
cblr-2919	517	2	,	,	PUNCT
cblr-2919	517	3	the	the	DET
cblr-2919	517	4	government	government	NOUN
cblr-2919	517	5	intervenes	intervene	VERB
cblr-2919	517	6	in	in	ADP
cblr-2919	517	7	instances	instance	NOUN
cblr-2919	517	8	where	where	SCONJ
cblr-2919	517	9	the	the	DET
cblr-2919	517	10	private	private	ADJ
cblr-2919	517	11	sector	sector	NOUN
cblr-2919	517	12	has	have	AUX
cblr-2919	517	13	stopped	stop	VERB
cblr-2919	517	14	providing	provide	VERB
cblr-2919	517	15	an	an	DET
cblr-2919	517	16	important	important	ADJ
cblr-2919	517	17	good	good	NOUN
cblr-2919	517	18	or	or	CCONJ
cblr-2919	517	19	service	service	NOUN
cblr-2919	517	20	.	.	PUNCT
cblr-2919	518	1	a	a	DET
cblr-2919	518	2	recent	recent	ADJ
cblr-2919	518	3	example	example	NOUN
cblr-2919	518	4	is	be	AUX
cblr-2919	518	5	the	the	DET
cblr-2919	518	6	treasury	treasury	PROPN
cblr-2919	518	7	department	department	PROPN
cblr-2919	518	8	and	and	CCONJ
cblr-2919	518	9	federal	federal	PROPN
cblr-2919	518	10	reserve	reserve	PROPN
cblr-2919	518	11	's	's	PART
cblr-2919	518	12	takeover	takeover	NOUN
cblr-2919	518	13	of	of	ADP
cblr-2919	518	14	the	the	DET
cblr-2919	518	15	gses.m	gses.m	NOUN
cblr-2919	518	16	'	'	PUNCT
cblr-2919	518	17	these	these	DET
cblr-2919	518	18	two	two	NUM
cblr-2919	518	19	government	government	NOUN
cblr-2919	518	20	agencies	agency	NOUN
cblr-2919	518	21	have	have	AUX
cblr-2919	518	22	begun	begin	VERB
cblr-2919	518	23	to	to	PART
cblr-2919	518	24	undertake	undertake	VERB
cblr-2919	518	25	the	the	DET
cblr-2919	518	26	activities	activity	NOUN
cblr-2919	518	27	traditionally	traditionally	ADV
cblr-2919	518	28	reserved	reserve	VERB
cblr-2919	518	29	for	for	ADP
cblr-2919	518	30	private	private	ADJ
cblr-2919	518	31	financial	financial	ADJ
cblr-2919	518	32	institutions	institution	NOUN
cblr-2919	518	33	,	,	PUNCT
cblr-2919	518	34	namely	namely	ADV
cblr-2919	518	35	,	,	PUNCT
cblr-2919	518	36	investing	invest	VERB
cblr-2919	518	37	in	in	ADP
cblr-2919	518	38	rmbss	rmbss	NOUN
cblr-2919	518	39	and	and	CCONJ
cblr-2919	518	40	r	r	NOUN
cblr-2919	518	41	-	-	PUNCT
cblr-2919	518	42	cdos	cdo	NOUN
cblr-2919	518	43	,	,	PUNCT
cblr-2919	518	44	because	because	SCONJ
cblr-2919	518	45	the	the	DET
cblr-2919	518	46	private	private	ADJ
cblr-2919	518	47	sector	sector	NOUN
cblr-2919	518	48	is	be	AUX
cblr-2919	518	49	not	not	PART
cblr-2919	518	50	doing	do	VERB
cblr-2919	518	51	so	so	ADV
cblr-2919	518	52	.	.	PUNCT
cblr-2919	519	1	"	"	PUNCT
cblr-2919	519	2	'	'	PUNCT
cblr-2919	519	3	similarly	similarly	ADV
cblr-2919	519	4	,	,	PUNCT
cblr-2919	519	5	private	private	ADJ
cblr-2919	519	6	investors	investor	NOUN
cblr-2919	519	7	17	17	NUM
cblr-2919	519	8	cary	cary	PROPN
cblr-2919	519	9	coglianese	coglianese	PROPN
cblr-2919	519	10	&	&	CCONJ
cblr-2919	519	11	david	david	PROPN
cblr-2919	519	12	lazar	lazar	PROPN
cblr-2919	519	13	,	,	PUNCT
cblr-2919	519	14	management	management	NOUN
cblr-2919	519	15	based	base	VERB
cblr-2919	519	16	regulation	regulation	NOUN
cblr-2919	519	17	:	:	PUNCT
cblr-2919	519	18	prescribing	prescribe	VERB
cblr-2919	519	19	private	private	ADJ
cblr-2919	519	20	management	management	NOUN
cblr-2919	519	21	to	to	PART
cblr-2919	519	22	achieve	achieve	VERB
cblr-2919	519	23	public	public	ADJ
cblr-2919	519	24	goals	goal	NOUN
cblr-2919	519	25	,	,	PUNCT
cblr-2919	519	26	37	37	NUM
cblr-2919	519	27	law	law	NOUN
cblr-2919	519	28	&	&	CCONJ
cblr-2919	519	29	soc'y	soc'y	PROPN
cblr-2919	519	30	rev	rev	VERB
cblr-2919	519	31	.	.	PROPN
cblr-2919	519	32	691	691	NUM
cblr-2919	519	33	,	,	PUNCT
cblr-2919	519	34	696	696	NUM
cblr-2919	519	35	(	(	PUNCT
cblr-2919	519	36	2003	2003	NUM
cblr-2919	519	37	)	)	PUNCT
cblr-2919	519	38	.	.	PUNCT
cblr-2919	520	1	180	180	NUM
cblr-2919	520	2	i	i	PRON
cblr-2919	520	3	d.	d.	PROPN
cblr-2919	520	4	at	at	ADP
cblr-2919	520	5	699	699	NUM
cblr-2919	520	6	.	.	PUNCT
cblr-2919	521	1	181	181	NUM
cblr-2919	521	2	gary	gary	PROPN
cblr-2919	521	3	john	john	PROPN
cblr-2919	521	4	previts	previts	PROPN
cblr-2919	521	5	&	&	CCONJ
cblr-2919	521	6	barbara	barbara	PROPN
cblr-2919	521	7	dubis	dubis	ADJ
cblr-2919	521	8	merino	merino	NOUN
cblr-2919	521	9	,	,	PUNCT
cblr-2919	521	10	a	a	DET
cblr-2919	521	11	history	history	NOUN
cblr-2919	521	12	of	of	ADP
cblr-2919	521	13	accountancy	accountancy	NOUN
cblr-2919	521	14	in	in	ADP
cblr-2919	521	15	the	the	DET
cblr-2919	521	16	united	united	PROPN
cblr-2919	521	17	states	states	PROPN
cblr-2919	521	18	184	184	NUM
cblr-2919	521	19	-	-	SYM
cblr-2919	521	20	86	86	NUM
cblr-2919	521	21	(	(	PUNCT
cblr-2919	521	22	1998	1998	NUM
cblr-2919	521	23	)	)	PUNCT
cblr-2919	521	24	.	.	PUNCT
cblr-2919	522	1	182	182	NUM
cblr-2919	523	1	i	i	PRON
cblr-2919	523	2	d.	d.	PROPN
cblr-2919	523	3	183	183	NUM
cblr-2919	524	1	i	i	PROPN
cblr-2919	524	2	d.	d.	PROPN
cblr-2919	524	3	'	'	PUNCT
cblr-2919	524	4	"	"	PUNCT
cblr-2919	524	5	the	the	DET
cblr-2919	524	6	obama	obama	PROPN
cblr-2919	524	7	rescue	rescue	NOUN
cblr-2919	524	8	,	,	PUNCT
cblr-2919	524	9	supra	supra	PROPN
cblr-2919	524	10	note	note	NOUN
cblr-2919	524	11	127	127	NUM
cblr-2919	524	12	,	,	PUNCT
cblr-2919	524	13	at	at	ADP
cblr-2919	524	14	2	2	NUM
cblr-2919	524	15	.	.	NOUN
cblr-2919	524	16	185	185	NUM
cblr-2919	525	1	i	i	PRON
cblr-2919	525	2	d.	d.	PROPN
cblr-2919	525	3	276	276	NUM
cblr-2919	526	1	[	[	X
cblr-2919	526	2	vol	vol	NOUN
cblr-2919	526	3	.	.	NOUN
cblr-2919	527	1	20	20	NUM
cblr-2919	527	2	10	10	NUM
cblr-2919	527	3	no	no	NOUN
cblr-2919	527	4	.	.	PUNCT
cblr-2919	528	1	1:245	1:245	NUM
cblr-2919	528	2	]	]	X
cblr-2919	528	3	mortgage	mortgage	NOUN
cblr-2919	528	4	creditratings	creditrating	NOUN
cblr-2919	528	5	and	and	CCONJ
cblr-2919	528	6	financial	financial	ADJ
cblr-2919	528	7	crisis	crisis	NOUN
cblr-2919	528	8	have	have	AUX
cblr-2919	528	9	lost	lose	VERB
cblr-2919	528	10	confidence	confidence	NOUN
cblr-2919	528	11	in	in	ADP
cblr-2919	528	12	cra	cra	PROPN
cblr-2919	528	13	ratings	rating	NOUN
cblr-2919	528	14	of	of	ADP
cblr-2919	528	15	rmbss	rmbss	NOUN
cblr-2919	528	16	and	and	CCONJ
cblr-2919	528	17	r	r	NOUN
cblr-2919	528	18	-	-	PUNCT
cblr-2919	528	19	cdos	cdo	NOUN
cblr-2919	528	20	,	,	PUNCT
cblr-2919	528	21	and	and	CCONJ
cblr-2919	528	22	thus	thus	ADV
cblr-2919	528	23	a	a	DET
cblr-2919	528	24	government	government	NOUN
cblr-2919	528	25	entity	entity	NOUN
cblr-2919	528	26	should	should	AUX
cblr-2919	528	27	take	take	VERB
cblr-2919	528	28	the	the	DET
cblr-2919	528	29	cras	cras	X
cblr-2919	528	30	'	'	PART
cblr-2919	528	31	place	place	NOUN
cblr-2919	528	32	.	.	PUNCT
cblr-2919	529	1	c.	c.	NOUN
cblr-2919	529	2	conclusion	conclusion	NOUN
cblr-2919	529	3	a	a	DET
cblr-2919	529	4	detailed	detailed	ADJ
cblr-2919	529	5	exposition	exposition	NOUN
cblr-2919	529	6	of	of	ADP
cblr-2919	529	7	the	the	DET
cblr-2919	529	8	agency	agency	NOUN
cblr-2919	529	9	's	's	PART
cblr-2919	529	10	form	form	NOUN
cblr-2919	529	11	and	and	CCONJ
cblr-2919	529	12	functions	function	NOUN
cblr-2919	529	13	is	be	AUX
cblr-2919	529	14	beyond	beyond	ADP
cblr-2919	529	15	the	the	DET
cblr-2919	529	16	scope	scope	NOUN
cblr-2919	529	17	of	of	ADP
cblr-2919	529	18	this	this	DET
cblr-2919	529	19	note	note	NOUN
cblr-2919	529	20	.	.	PUNCT
cblr-2919	530	1	this	this	DET
cblr-2919	530	2	part	part	NOUN
cblr-2919	530	3	merely	merely	ADV
cblr-2919	530	4	argues	argue	VERB
cblr-2919	530	5	that	that	SCONJ
cblr-2919	530	6	the	the	DET
cblr-2919	530	7	common	common	ADJ
cblr-2919	530	8	shortcomings	shortcoming	NOUN
cblr-2919	530	9	that	that	PRON
cblr-2919	530	10	hobble	hobble	ADJ
cblr-2919	530	11	government	government	NOUN
cblr-2919	530	12	interventions	intervention	NOUN
cblr-2919	530	13	elsewhere	elsewhere	ADV
cblr-2919	530	14	may	may	AUX
cblr-2919	530	15	not	not	PART
cblr-2919	530	16	be	be	AUX
cblr-2919	530	17	applicable	applicable	ADJ
cblr-2919	530	18	to	to	ADP
cblr-2919	530	19	the	the	DET
cblr-2919	530	20	rmbs	rmbs	PROPN
cblr-2919	530	21	and	and	CCONJ
cblr-2919	530	22	r	r	NOUN
cblr-2919	530	23	-	-	PUNCT
cblr-2919	530	24	cdo	cdo	ADJ
cblr-2919	530	25	rating	rating	NOUN
cblr-2919	530	26	process	process	NOUN
cblr-2919	530	27	.	.	PUNCT
cblr-2919	531	1	innovation	innovation	NOUN
cblr-2919	531	2	is	be	AUX
cblr-2919	531	3	not	not	PART
cblr-2919	531	4	really	really	ADV
cblr-2919	531	5	an	an	DET
cblr-2919	531	6	issue	issue	NOUN
cblr-2919	531	7	,	,	PUNCT
cblr-2919	531	8	over	over	ADP
cblr-2919	531	9	-	-	PUNCT
cblr-2919	531	10	formality	formality	NOUN
cblr-2919	531	11	may	may	AUX
cblr-2919	531	12	be	be	AUX
cblr-2919	531	13	desirable	desirable	ADJ
cblr-2919	531	14	,	,	PUNCT
cblr-2919	531	15	and	and	CCONJ
cblr-2919	531	16	accountability	accountability	NOUN
cblr-2919	531	17	would	would	AUX
cblr-2919	531	18	be	be	AUX
cblr-2919	531	19	greatly	greatly	ADV
cblr-2919	531	20	facilitated	facilitate	VERB
cblr-2919	531	21	by	by	ADP
cblr-2919	531	22	the	the	DET
cblr-2919	531	23	agency	agency	NOUN
cblr-2919	531	24	's	's	PART
cblr-2919	531	25	transparency	transparency	NOUN
cblr-2919	531	26	.	.	PUNCT
cblr-2919	532	1	furthermore	furthermore	ADV
cblr-2919	532	2	,	,	PUNCT
cblr-2919	532	3	government	government	NOUN
cblr-2919	532	4	involvement	involvement	NOUN
cblr-2919	532	5	is	be	AUX
cblr-2919	532	6	not	not	PART
cblr-2919	532	7	unprecedented	unprecedented	ADJ
cblr-2919	532	8	,	,	PUNCT
cblr-2919	532	9	particularly	particularly	ADV
cblr-2919	532	10	when	when	SCONJ
cblr-2919	532	11	the	the	DET
cblr-2919	532	12	private	private	ADJ
cblr-2919	532	13	sector	sector	NOUN
cblr-2919	532	14	fails	fail	VERB
cblr-2919	532	15	or	or	CCONJ
cblr-2919	532	16	the	the	DET
cblr-2919	532	17	costs	cost	NOUN
cblr-2919	532	18	of	of	ADP
cblr-2919	532	19	failure	failure	NOUN
cblr-2919	532	20	are	be	AUX
cblr-2919	532	21	partially	partially	ADV
cblr-2919	532	22	or	or	CCONJ
cblr-2919	532	23	wholly	wholly	ADV
cblr-2919	532	24	externalized	externalize	VERB
cblr-2919	532	25	.	.	PUNCT
cblr-2919	533	1	vii	vii	PROPN
cblr-2919	533	2	.	.	PUNCT
cblr-2919	534	1	the	the	DET
cblr-2919	534	2	liability	liability	NOUN
cblr-2919	534	3	alternative	alternative	NOUN
cblr-2919	534	4	this	this	DET
cblr-2919	534	5	part	part	NOUN
cblr-2919	534	6	explains	explain	VERB
cblr-2919	534	7	why	why	SCONJ
cblr-2919	534	8	establishing	establish	VERB
cblr-2919	534	9	the	the	DET
cblr-2919	534	10	agency	agency	NOUN
cblr-2919	534	11	is	be	AUX
cblr-2919	534	12	superior	superior	ADJ
cblr-2919	534	13	to	to	ADP
cblr-2919	534	14	another	another	DET
cblr-2919	534	15	commonly	commonly	ADV
cblr-2919	534	16	proposed	propose	VERB
cblr-2919	534	17	solution	solution	NOUN
cblr-2919	534	18	to	to	ADP
cblr-2919	534	19	poor	poor	ADJ
cblr-2919	534	20	cra	cra	PROPN
cblr-2919	534	21	performance	performance	NOUN
cblr-2919	534	22	:	:	PUNCT
cblr-2919	534	23	liability	liability	NOUN
cblr-2919	534	24	for	for	ADP
cblr-2919	534	25	bad	bad	ADJ
cblr-2919	534	26	ratings	rating	NOUN
cblr-2919	534	27	.	.	PUNCT
cblr-2919	535	1	hunt	hunt	NOUN
cblr-2919	535	2	and	and	CCONJ
cblr-2919	535	3	manns	mann	NOUN
cblr-2919	535	4	have	have	AUX
cblr-2919	535	5	devised	devise	VERB
cblr-2919	535	6	two	two	NUM
cblr-2919	535	7	different	different	ADJ
cblr-2919	535	8	frameworks	framework	NOUN
cblr-2919	535	9	for	for	ADP
cblr-2919	535	10	imposing	impose	VERB
cblr-2919	535	11	liability	liability	NOUN
cblr-2919	535	12	in	in	ADP
cblr-2919	535	13	cases	case	NOUN
cblr-2919	535	14	of	of	ADP
cblr-2919	535	15	poor	poor	ADJ
cblr-2919	535	16	cra	cra	PROPN
cblr-2919	535	17	ratings	rating	NOUN
cblr-2919	535	18	.	.	PUNCT
cblr-2919	536	1	however	however	ADV
cblr-2919	536	2	,	,	PUNCT
cblr-2919	536	3	both	both	PRON
cblr-2919	536	4	of	of	ADP
cblr-2919	536	5	their	their	PRON
cblr-2919	536	6	proposals	proposal	NOUN
cblr-2919	536	7	are	be	AUX
cblr-2919	536	8	unwieldy	unwieldy	ADJ
cblr-2919	536	9	and	and	CCONJ
cblr-2919	536	10	inadequate	inadequate	ADJ
cblr-2919	536	11	.	.	PUNCT
cblr-2919	537	1	this	this	DET
cblr-2919	537	2	part	part	NOUN
cblr-2919	537	3	will	will	AUX
cblr-2919	537	4	first	first	ADV
cblr-2919	537	5	present	present	VERB
cblr-2919	537	6	these	these	DET
cblr-2919	537	7	two	two	NUM
cblr-2919	537	8	proposals	proposal	NOUN
cblr-2919	537	9	and	and	CCONJ
cblr-2919	537	10	offer	offer	VERB
cblr-2919	537	11	specific	specific	ADJ
cblr-2919	537	12	critiques	critique	NOUN
cblr-2919	537	13	.	.	PUNCT
cblr-2919	538	1	then	then	ADV
cblr-2919	538	2	the	the	DET
cblr-2919	538	3	note	note	NOUN
cblr-2919	538	4	will	will	AUX
cblr-2919	538	5	show	show	VERB
cblr-2919	538	6	why	why	SCONJ
cblr-2919	538	7	it	it	PRON
cblr-2919	538	8	is	be	AUX
cblr-2919	538	9	difficult	difficult	ADJ
cblr-2919	538	10	,	,	PUNCT
cblr-2919	538	11	as	as	ADP
cblr-2919	538	12	a	a	DET
cblr-2919	538	13	general	general	ADJ
cblr-2919	538	14	matter	matter	NOUN
cblr-2919	538	15	,	,	PUNCT
cblr-2919	538	16	to	to	PART
cblr-2919	538	17	make	make	VERB
cblr-2919	538	18	the	the	DET
cblr-2919	538	19	imposition	imposition	NOUN
cblr-2919	538	20	of	of	ADP
cblr-2919	538	21	liability	liability	NOUN
cblr-2919	538	22	work	work	NOUN
cblr-2919	538	23	.	.	PUNCT
cblr-2919	539	1	a.	a.	NOUN
cblr-2919	539	2	proposals	proposal	NOUN
cblr-2919	539	3	hunt	hunt	NOUN
cblr-2919	539	4	proposes	propose	VERB
cblr-2919	539	5	forcing	force	VERB
cblr-2919	539	6	the	the	DET
cblr-2919	539	7	cras	cras	PROPN
cblr-2919	539	8	to	to	PART
cblr-2919	539	9	either	either	CCONJ
cblr-2919	539	10	disclose	disclose	VERB
cblr-2919	539	11	that	that	SCONJ
cblr-2919	539	12	they	they	PRON
cblr-2919	539	13	are	be	AUX
cblr-2919	539	14	making	make	VERB
cblr-2919	539	15	low	low	ADJ
cblr-2919	539	16	-	-	PUNCT
cblr-2919	539	17	quality	quality	NOUN
cblr-2919	539	18	ratings	rating	NOUN
cblr-2919	539	19	or	or	CCONJ
cblr-2919	539	20	pay	pay	VERB
cblr-2919	539	21	a	a	DET
cblr-2919	539	22	predetermined	predetermine	VERB
cblr-2919	539	23	penalty	penalty	NOUN
cblr-2919	539	24	if	if	SCONJ
cblr-2919	539	25	the	the	DET
cblr-2919	539	26	ratings	rating	NOUN
cblr-2919	539	27	turn	turn	VERB
cblr-2919	539	28	out	out	ADP
cblr-2919	539	29	to	to	PART
cblr-2919	539	30	be	be	AUX
cblr-2919	539	31	bad	bad	ADJ
cblr-2919	539	32	.	.	PUNCT
cblr-2919	540	1	"	"	PUNCT
cblr-2919	540	2	'	'	PUNCT
cblr-2919	540	3	hunt	hunt	NOUN
cblr-2919	540	4	recognizes	recognize	VERB
cblr-2919	540	5	that	that	SCONJ
cblr-2919	540	6	some	some	DET
cblr-2919	540	7	minimum	minimum	ADJ
cblr-2919	540	8	standard	standard	NOUN
cblr-2919	540	9	of	of	ADP
cblr-2919	540	10	quality	quality	NOUN
cblr-2919	540	11	would	would	AUX
cblr-2919	540	12	have	have	VERB
cblr-2919	540	13	to	to	PART
cblr-2919	540	14	be	be	AUX
cblr-2919	540	15	established	establish	VERB
cblr-2919	540	16	and	and	CCONJ
cblr-2919	540	17	suggests	suggest	VERB
cblr-2919	540	18	ways	way	NOUN
cblr-2919	540	19	to	to	PART
cblr-2919	540	20	do	do	VERB
cblr-2919	540	21	so	so	ADV
cblr-2919	540	22	.	.	PUNCT
cblr-2919	541	1	the	the	DET
cblr-2919	541	2	sec	sec	PROPN
cblr-2919	541	3	,	,	PUNCT
cblr-2919	541	4	courts	court	NOUN
cblr-2919	541	5	,	,	PUNCT
cblr-2919	541	6	or	or	CCONJ
cblr-2919	541	7	some	some	DET
cblr-2919	541	8	outside	outside	ADJ
cblr-2919	541	9	contractor	contractor	NOUN
cblr-2919	541	10	could	could	AUX
cblr-2919	541	11	enforce	enforce	VERB
cblr-2919	541	12	this	this	DET
cblr-2919	541	13	minimum	minimum	ADJ
cblr-2919	541	14	1	1	NUM
cblr-2919	541	15	hunt	hunt	NOUN
cblr-2919	541	16	,	,	PUNCT
cblr-2919	541	17	supra	supra	PROPN
cblr-2919	541	18	note	note	NOUN
cblr-2919	541	19	15	15	NUM
cblr-2919	541	20	.	.	NOUN
cblr-2919	542	1	277	277	NUM
cblr-2919	542	2	columbia	columbia	PROPN
cblr-2919	542	3	business	business	NOUN
cblr-2919	542	4	law	law	PROPN
cblr-2919	542	5	review	review	VERB
cblr-2919	542	6	quality	quality	NOUN
cblr-2919	542	7	.	.	PUNCT
cblr-2919	542	8	"	"	PUNCT
cblr-2919	542	9	'	'	PUNCT
cblr-2919	542	10	as	as	ADP
cblr-2919	542	11	for	for	ADP
cblr-2919	542	12	the	the	DET
cblr-2919	542	13	penalty	penalty	NOUN
cblr-2919	542	14	,	,	PUNCT
cblr-2919	542	15	hunt	hunt	NOUN
cblr-2919	542	16	suggests	suggest	VERB
cblr-2919	542	17	disgorgement	disgorgement	NOUN
cblr-2919	542	18	of	of	ADP
cblr-2919	542	19	profits	profit	NOUN
cblr-2919	542	20	or	or	CCONJ
cblr-2919	542	21	some	some	DET
cblr-2919	542	22	multiple	multiple	NOUN
cblr-2919	542	23	thereof	thereof	ADV
cblr-2919	542	24	.	.	PUNCT
cblr-2919	543	1	'8	'8	NOUN
cblr-2919	544	1	one	one	NUM
cblr-2919	544	2	weakness	weakness	NOUN
cblr-2919	544	3	of	of	ADP
cblr-2919	544	4	this	this	DET
cblr-2919	544	5	proposal	proposal	NOUN
cblr-2919	544	6	is	be	AUX
cblr-2919	544	7	the	the	DET
cblr-2919	544	8	assumption	assumption	NOUN
cblr-2919	544	9	that	that	SCONJ
cblr-2919	544	10	the	the	DET
cblr-2919	544	11	cras	cras	PROPN
cblr-2919	544	12	acted	act	VERB
cblr-2919	544	13	rationally	rationally	ADV
cblr-2919	544	14	.	.	PUNCT
cblr-2919	545	1	in	in	ADP
cblr-2919	545	2	other	other	ADJ
cblr-2919	545	3	words	word	NOUN
cblr-2919	545	4	,	,	PUNCT
cblr-2919	545	5	it	it	PRON
cblr-2919	545	6	presupposes	presuppose	VERB
cblr-2919	545	7	that	that	SCONJ
cblr-2919	545	8	the	the	DET
cblr-2919	545	9	cause	cause	NOUN
cblr-2919	545	10	of	of	ADP
cblr-2919	545	11	the	the	DET
cblr-2919	545	12	recent	recent	ADJ
cblr-2919	545	13	cra	cra	PROPN
cblr-2919	545	14	ratings	rating	NOUN
cblr-2919	545	15	failure	failure	NOUN
cblr-2919	545	16	is	be	AUX
cblr-2919	545	17	the	the	DET
cblr-2919	545	18	fact	fact	NOUN
cblr-2919	545	19	that	that	SCONJ
cblr-2919	545	20	the	the	DET
cblr-2919	545	21	cras	cras	PROPN
cblr-2919	545	22	knew	know	VERB
cblr-2919	545	23	they	they	PRON
cblr-2919	545	24	could	could	AUX
cblr-2919	545	25	get	get	VERB
cblr-2919	545	26	away	away	ADV
cblr-2919	545	27	with	with	ADP
cblr-2919	545	28	low	low	ADJ
cblr-2919	545	29	-	-	PUNCT
cblr-2919	545	30	quality	quality	NOUN
cblr-2919	545	31	ratings	rating	NOUN
cblr-2919	545	32	.	.	PUNCT
cblr-2919	546	1	this	this	PRON
cblr-2919	546	2	may	may	AUX
cblr-2919	546	3	be	be	AUX
cblr-2919	546	4	one	one	NUM
cblr-2919	546	5	reason	reason	NOUN
cblr-2919	546	6	why	why	SCONJ
cblr-2919	546	7	the	the	DET
cblr-2919	546	8	cras	cras	PROPN
cblr-2919	546	9	acted	act	VERB
cblr-2919	546	10	the	the	DET
cblr-2919	546	11	way	way	NOUN
cblr-2919	546	12	they	they	PRON
cblr-2919	546	13	did	do	VERB
cblr-2919	546	14	,	,	PUNCT
cblr-2919	546	15	but	but	CCONJ
cblr-2919	546	16	there	there	PRON
cblr-2919	546	17	are	be	VERB
cblr-2919	546	18	other	other	ADJ
cblr-2919	546	19	causes	cause	NOUN
cblr-2919	546	20	of	of	ADP
cblr-2919	546	21	bad	bad	ADJ
cblr-2919	546	22	performance	performance	NOUN
cblr-2919	546	23	that	that	SCONJ
cblr-2919	546	24	this	this	DET
cblr-2919	546	25	proposal	proposal	NOUN
cblr-2919	546	26	does	do	AUX
cblr-2919	546	27	not	not	PART
cblr-2919	546	28	address	address	VERB
cblr-2919	546	29	.	.	PUNCT
cblr-2919	547	1	"8	"8	PROPN
cblr-2919	547	2	'	'	PUNCT
cblr-2919	547	3	manns	manns	PROPN
cblr-2919	547	4	proposes	propose	VERB
cblr-2919	547	5	the	the	DET
cblr-2919	547	6	formation	formation	NOUN
cblr-2919	547	7	of	of	ADP
cblr-2919	547	8	an	an	DET
cblr-2919	547	9	investor	investor	NOUN
cblr-2919	547	10	committee	committee	NOUN
cblr-2919	547	11	for	for	ADP
cblr-2919	547	12	every	every	DET
cblr-2919	547	13	rmbs	rmb	NOUN
cblr-2919	547	14	and	and	CCONJ
cblr-2919	547	15	r	r	NOUN
cblr-2919	547	16	-	-	PUNCT
cblr-2919	547	17	cdo	cdo	NOUN
cblr-2919	547	18	that	that	PRON
cblr-2919	547	19	would	would	AUX
cblr-2919	547	20	finance	finance	VERB
cblr-2919	547	21	and	and	CCONJ
cblr-2919	547	22	monitor	monitor	VERB
cblr-2919	547	23	the	the	DET
cblr-2919	547	24	quality	quality	NOUN
cblr-2919	547	25	of	of	ADP
cblr-2919	547	26	the	the	DET
cblr-2919	547	27	cra	cra	PROPN
cblr-2919	547	28	's	's	PART
cblr-2919	547	29	rating.9	rating.9	PROPN
cblr-2919	547	30	o	o	NOUN
cblr-2919	547	31	building	building	NOUN
cblr-2919	547	32	upon	upon	SCONJ
cblr-2919	547	33	the	the	DET
cblr-2919	547	34	bankruptcy	bankruptcy	NOUN
cblr-2919	547	35	creditor	creditor	PROPN
cblr-2919	547	36	committee	committee	PROPN
cblr-2919	547	37	concept	concept	NOUN
cblr-2919	547	38	,	,	PUNCT
cblr-2919	547	39	manns	manns	PROPN
cblr-2919	547	40	believes	believe	VERB
cblr-2919	547	41	that	that	SCONJ
cblr-2919	547	42	these	these	DET
cblr-2919	547	43	committees	committee	NOUN
cblr-2919	547	44	would	would	AUX
cblr-2919	547	45	be	be	AUX
cblr-2919	547	46	effective	effective	ADJ
cblr-2919	547	47	in	in	ADP
cblr-2919	547	48	advocating	advocate	VERB
cblr-2919	547	49	for	for	ADP
cblr-2919	547	50	creditor	creditor	NOUN
cblr-2919	547	51	interests	interest	NOUN
cblr-2919	547	52	in	in	ADP
cblr-2919	547	53	ways	way	NOUN
cblr-2919	547	54	that	that	PRON
cblr-2919	547	55	individual	individual	ADJ
cblr-2919	547	56	,	,	PUNCT
cblr-2919	547	57	unorganized	unorganized	ADJ
cblr-2919	547	58	creditors	creditor	NOUN
cblr-2919	547	59	could	could	AUX
cblr-2919	547	60	not	not	PART
cblr-2919	547	61	.	.	PUNCT
cblr-2919	548	1	"	"	PUNCT
cblr-2919	548	2	'	'	PUNCT
cblr-2919	548	3	the	the	DET
cblr-2919	548	4	committees	committee	NOUN
cblr-2919	548	5	would	would	AUX
cblr-2919	548	6	contractually	contractually	ADV
cblr-2919	548	7	delineate	delineate	VERB
cblr-2919	548	8	and	and	CCONJ
cblr-2919	548	9	enforce	enforce	VERB
cblr-2919	548	10	exactly	exactly	ADV
cblr-2919	548	11	the	the	DET
cblr-2919	548	12	role	role	NOUN
cblr-2919	548	13	they	they	PRON
cblr-2919	548	14	want	want	VERB
cblr-2919	548	15	the	the	DET
cblr-2919	548	16	cra	cra	PROPN
cblr-2919	548	17	to	to	PART
cblr-2919	548	18	play	play	VERB
cblr-2919	548	19	.	.	PUNCT
cblr-2919	549	1	'92	'92	NUM
cblr-2919	549	2	violations	violation	NOUN
cblr-2919	549	3	of	of	ADP
cblr-2919	549	4	these	these	DET
cblr-2919	549	5	rights	right	NOUN
cblr-2919	549	6	would	would	AUX
cblr-2919	549	7	be	be	AUX
cblr-2919	549	8	adjudicated	adjudicate	VERB
cblr-2919	549	9	by	by	ADP
cblr-2919	549	10	the	the	DET
cblr-2919	549	11	sec	sec	PROPN
cblr-2919	549	12	,	,	PUNCT
cblr-2919	549	13	which	which	PRON
cblr-2919	549	14	,	,	PUNCT
cblr-2919	549	15	through	through	ADP
cblr-2919	549	16	a	a	DET
cblr-2919	549	17	heightened	heightened	ADJ
cblr-2919	549	18	pleading	pleading	NOUN
cblr-2919	549	19	standard	standard	NOUN
cblr-2919	549	20	,	,	PUNCT
cblr-2919	549	21	would	would	AUX
cblr-2919	549	22	ensure	ensure	VERB
cblr-2919	549	23	that	that	SCONJ
cblr-2919	549	24	the	the	DET
cblr-2919	549	25	lawsuits	lawsuit	NOUN
cblr-2919	549	26	not	not	PART
cblr-2919	549	27	be	be	AUX
cblr-2919	549	28	frivolous	frivolous	ADJ
cblr-2919	549	29	.	.	PUNCT
cblr-2919	550	1	'93	'93	NUM
cblr-2919	550	2	however	however	ADV
cblr-2919	551	1	,	,	PUNCT
cblr-2919	551	2	creditor	creditor	PROPN
cblr-2919	551	3	committee	committee	NOUN
cblr-2919	551	4	liability	liability	NOUN
cblr-2919	551	5	would	would	AUX
cblr-2919	551	6	exacerbate	exacerbate	VERB
cblr-2919	551	7	the	the	DET
cblr-2919	551	8	marketability	marketability	NOUN
cblr-2919	551	9	of	of	ADP
cblr-2919	551	10	these	these	DET
cblr-2919	551	11	securities	security	NOUN
cblr-2919	551	12	.	.	PUNCT
cblr-2919	552	1	these	these	DET
cblr-2919	552	2	securities	security	NOUN
cblr-2919	552	3	are	be	AUX
cblr-2919	552	4	hard	hard	ADJ
cblr-2919	552	5	to	to	PART
cblr-2919	552	6	value	value	VERB
cblr-2919	552	7	because	because	SCONJ
cblr-2919	552	8	an	an	DET
cblr-2919	552	9	asymmetry	asymmetry	NOUN
cblr-2919	552	10	of	of	ADP
cblr-2919	552	11	information	information	NOUN
cblr-2919	552	12	exists	exist	VERB
cblr-2919	552	13	between	between	ADP
cblr-2919	552	14	their	their	PRON
cblr-2919	552	15	holders	holder	NOUN
cblr-2919	552	16	and	and	CCONJ
cblr-2919	552	17	potential	potential	ADJ
cblr-2919	552	18	buyers	buyer	NOUN
cblr-2919	552	19	;	;	PUNCT
cblr-2919	552	20	ratings	rating	NOUN
cblr-2919	552	21	are	be	AUX
cblr-2919	552	22	supposed	suppose	VERB
cblr-2919	552	23	to	to	PART
cblr-2919	552	24	ameliorate	ameliorate	VERB
cblr-2919	552	25	this	this	DET
cblr-2919	552	26	disparity	disparity	NOUN
cblr-2919	552	27	.	.	PUNCT
cblr-2919	553	1	'94	'94	NUM
cblr-2919	553	2	each	each	DET
cblr-2919	553	3	creditor	creditor	NOUN
cblr-2919	553	4	committee	committee	PROPN
cblr-2919	553	5	contract	contract	NOUN
cblr-2919	553	6	would	would	AUX
cblr-2919	553	7	create	create	VERB
cblr-2919	553	8	further	further	ADJ
cblr-2919	553	9	differentiation	differentiation	NOUN
cblr-2919	553	10	among	among	ADP
cblr-2919	553	11	securities	security	NOUN
cblr-2919	553	12	,	,	PUNCT
cblr-2919	553	13	thereby	thereby	ADV
cblr-2919	553	14	exacerbating	exacerbate	VERB
cblr-2919	553	15	valuation	valuation	NOUN
cblr-2919	553	16	difficulties	difficulty	NOUN
cblr-2919	553	17	.	.	PUNCT
cblr-2919	554	1	additionally	additionally	ADV
cblr-2919	554	2	,	,	PUNCT
cblr-2919	554	3	bankruptcy	bankruptcy	NOUN
cblr-2919	554	4	case	case	NOUN
cblr-2919	554	5	law	law	NOUN
cblr-2919	554	6	dealing	deal	VERB
cblr-2919	554	7	with	with	ADP
cblr-2919	554	8	creditor	creditor	NOUN
cblr-2919	554	9	committees	committee	NOUN
cblr-2919	554	10	has	have	AUX
cblr-2919	554	11	taken	take	VERB
cblr-2919	554	12	many	many	ADJ
cblr-2919	554	13	years	year	NOUN
cblr-2919	554	14	to	to	PART
cblr-2919	554	15	develop	develop	VERB
cblr-2919	554	16	--	--	PUNCT
cblr-2919	554	17	a	a	DET
cblr-2919	554	18	difficult	difficult	ADJ
cblr-2919	554	19	187	187	NUM
cblr-2919	554	20	i	i	PRON
cblr-2919	554	21	d.	d.	PROPN
cblr-2919	554	22	at	at	ADP
cblr-2919	554	23	72	72	NUM
cblr-2919	554	24	.	.	PUNCT
cblr-2919	555	1	188	188	NUM
cblr-2919	556	1	i	i	PRON
cblr-2919	556	2	d.	d.	PROPN
cblr-2919	556	3	at	at	ADP
cblr-2919	556	4	54	54	NUM
cblr-2919	556	5	n.228	n.228	NUM
cblr-2919	556	6	.	.	PUNCT
cblr-2919	557	1	hunt	hunt	NOUN
cblr-2919	557	2	limits	limit	VERB
cblr-2919	557	3	liability	liability	NOUN
cblr-2919	557	4	because	because	SCONJ
cblr-2919	557	5	full	full	ADJ
cblr-2919	557	6	damages	damage	NOUN
cblr-2919	557	7	liability	liability	NOUN
cblr-2919	557	8	can	can	AUX
cblr-2919	557	9	be	be	AUX
cblr-2919	557	10	over	over	ADV
cblr-2919	557	11	-	-	PUNCT
cblr-2919	557	12	deterring	deterring	NOUN
cblr-2919	557	13	.	.	PUNCT
cblr-2919	558	1	i	i	PRON
cblr-2919	558	2	d.	d.	PROPN
cblr-2919	558	3	at	at	ADP
cblr-2919	558	4	62	62	NUM
cblr-2919	558	5	.	.	PUNCT
cblr-2919	559	1	1'8	1'8	NUM
cblr-2919	559	2	see	see	VERB
cblr-2919	559	3	supra	supra	PROPN
cblr-2919	559	4	part	part	PROPN
cblr-2919	559	5	iii.b.2	iii.b.2	PROPN
cblr-2919	559	6	-	-	PUNCT
cblr-2919	559	7	3	3	NUM
cblr-2919	559	8	.	.	NOUN
cblr-2919	559	9	190	190	NUM
cblr-2919	559	10	marns	marn	NOUN
cblr-2919	559	11	,	,	PUNCT
cblr-2919	559	12	supra	supra	PROPN
cblr-2919	559	13	note	note	NOUN
cblr-2919	559	14	42	42	NUM
cblr-2919	559	15	.	.	PUNCT
cblr-2919	559	16	191	191	NUM
cblr-2919	560	1	i	i	PRON
cblr-2919	560	2	d.	d.	PROPN
cblr-2919	560	3	at	at	ADP
cblr-2919	560	4	1055	1055	NUM
cblr-2919	560	5	.	.	PUNCT
cblr-2919	561	1	192	192	NUM
cblr-2919	562	1	i	i	PRON
cblr-2919	562	2	d.	d.	PROPN
cblr-2919	562	3	193	193	NUM
cblr-2919	563	1	i	i	PRON
cblr-2919	563	2	d.	d.	PROPN
cblr-2919	563	3	at	at	ADP
cblr-2919	563	4	1082	1082	NUM
cblr-2919	563	5	n.292	n.292	NUM
cblr-2919	563	6	.	.	PROPN
cblr-2919	563	7	194	194	NUM
cblr-2919	563	8	see	see	VERB
cblr-2919	563	9	coffee	coffee	NOUN
cblr-2919	563	10	,	,	PUNCT
cblr-2919	563	11	supra	supra	PROPN
cblr-2919	563	12	note	note	NOUN
cblr-2919	563	13	161	161	NUM
cblr-2919	563	14	.	.	PUNCT
cblr-2919	564	1	278	278	NUM
cblr-2919	565	1	[	[	X
cblr-2919	565	2	vol	vol	NOUN
cblr-2919	565	3	.	.	PUNCT
cblr-2919	565	4	2010	2010	NUM
cblr-2919	565	5	no	no	INTJ
cblr-2919	565	6	.	.	PUNCT
cblr-2919	566	1	1:245	1:245	NUM
cblr-2919	566	2	]	]	X
cblr-2919	566	3	mortgage	mortgage	NOUN
cblr-2919	566	4	credit	credit	NOUN
cblr-2919	566	5	ratings	rating	NOUN
cblr-2919	566	6	and	and	CCONJ
cblr-2919	566	7	financial	financial	ADJ
cblr-2919	566	8	crisis	crisis	NOUN
cblr-2919	566	9	process	process	NOUN
cblr-2919	566	10	that	that	PRON
cblr-2919	566	11	non	non	ADJ
cblr-2919	566	12	-	-	ADJ
cblr-2919	566	13	bankruptcy	bankruptcy	ADJ
cblr-2919	566	14	creditor	creditor	PROPN
cblr-2919	566	15	committee	committee	PROPN
cblr-2919	566	16	case	case	NOUN
cblr-2919	566	17	law	law	NOUN
cblr-2919	566	18	would	would	AUX
cblr-2919	566	19	have	have	VERB
cblr-2919	566	20	to	to	PART
cblr-2919	566	21	go	go	VERB
cblr-2919	566	22	through	through	ADP
cblr-2919	566	23	as	as	ADV
cblr-2919	566	24	well	well	ADV
cblr-2919	566	25	.	.	PUNCT
cblr-2919	566	26	'	'	PUNCT
cblr-2919	567	1	b.	b.	NOUN
cblr-2919	567	2	failure	failure	NOUN
cblr-2919	567	3	of	of	ADP
cblr-2919	567	4	liability	liability	NOUN
cblr-2919	567	5	beyond	beyond	ADP
cblr-2919	567	6	the	the	DET
cblr-2919	567	7	specific	specific	ADJ
cblr-2919	567	8	criticisms	criticism	NOUN
cblr-2919	567	9	to	to	ADP
cblr-2919	567	10	the	the	DET
cblr-2919	567	11	plans	plan	NOUN
cblr-2919	567	12	offered	offer	VERB
cblr-2919	567	13	above	above	ADV
cblr-2919	567	14	,	,	PUNCT
cblr-2919	567	15	there	there	PRON
cblr-2919	567	16	are	be	VERB
cblr-2919	567	17	several	several	ADJ
cblr-2919	567	18	shortcomings	shortcoming	NOUN
cblr-2919	567	19	with	with	ADP
cblr-2919	567	20	civil	civil	ADJ
cblr-2919	567	21	liability	liability	NOUN
cblr-2919	567	22	systems	system	NOUN
cblr-2919	567	23	generally	generally	ADV
cblr-2919	567	24	.	.	PUNCT
cblr-2919	568	1	first	first	ADV
cblr-2919	568	2	,	,	PUNCT
cblr-2919	568	3	it	it	PRON
cblr-2919	568	4	is	be	AUX
cblr-2919	568	5	difficult	difficult	ADJ
cblr-2919	568	6	to	to	PART
cblr-2919	568	7	determine	determine	VERB
cblr-2919	568	8	when	when	SCONJ
cblr-2919	568	9	exactly	exactly	ADV
cblr-2919	568	10	a	a	DET
cblr-2919	568	11	rating	rating	NOUN
cblr-2919	568	12	is	be	AUX
cblr-2919	568	13	"	"	PUNCT
cblr-2919	568	14	bad	bad	ADJ
cblr-2919	568	15	"	"	PUNCT
cblr-2919	568	16	and	and	CCONJ
cblr-2919	568	17	therefore	therefore	ADV
cblr-2919	568	18	difficult	difficult	ADJ
cblr-2919	568	19	to	to	PART
cblr-2919	568	20	know	know	VERB
cblr-2919	568	21	when	when	SCONJ
cblr-2919	568	22	a	a	DET
cblr-2919	568	23	cra	cra	PROPN
cblr-2919	568	24	's	's	PART
cblr-2919	568	25	determination	determination	NOUN
cblr-2919	568	26	warrants	warrant	NOUN
cblr-2919	568	27	punishment	punishment	NOUN
cblr-2919	568	28	.	.	PUNCT
cblr-2919	568	29	'	'	PUNCT
cblr-2919	569	1	6	6	NUM
cblr-2919	569	2	defaults	default	NOUN
cblr-2919	569	3	are	be	AUX
cblr-2919	569	4	inevitable	inevitable	ADJ
cblr-2919	569	5	;	;	PUNCT
cblr-2919	569	6	how	how	SCONJ
cblr-2919	569	7	does	do	AUX
cblr-2919	569	8	a	a	DET
cblr-2919	569	9	tribunal	tribunal	NOUN
cblr-2919	569	10	decide	decide	VERB
cblr-2919	569	11	whether	whether	SCONJ
cblr-2919	569	12	the	the	DET
cblr-2919	569	13	rating	rating	NOUN
cblr-2919	569	14	was	be	AUX
cblr-2919	569	15	incorrect	incorrect	ADJ
cblr-2919	569	16	,	,	PUNCT
cblr-2919	569	17	or	or	CCONJ
cblr-2919	569	18	whether	whether	SCONJ
cblr-2919	569	19	the	the	DET
cblr-2919	569	20	default	default	NOUN
cblr-2919	569	21	was	be	AUX
cblr-2919	569	22	just	just	ADV
cblr-2919	569	23	an	an	DET
cblr-2919	569	24	instance	instance	NOUN
cblr-2919	569	25	where	where	SCONJ
cblr-2919	569	26	the	the	DET
cblr-2919	569	27	cra	cra	PROPN
cblr-2919	569	28	correctly	correctly	ADV
cblr-2919	569	29	assessed	assess	VERB
cblr-2919	569	30	the	the	DET
cblr-2919	569	31	probability	probability	NOUN
cblr-2919	569	32	of	of	ADP
cblr-2919	569	33	default	default	NOUN
cblr-2919	569	34	,	,	PUNCT
cblr-2919	569	35	and	and	CCONJ
cblr-2919	569	36	this	this	DET
cblr-2919	569	37	probability	probability	NOUN
cblr-2919	569	38	came	come	VERB
cblr-2919	569	39	to	to	ADP
cblr-2919	569	40	fruition	fruition	NOUN
cblr-2919	569	41	?	?	PUNCT
cblr-2919	570	1	furthermore	furthermore	ADV
cblr-2919	570	2	,	,	PUNCT
cblr-2919	570	3	defaults	default	NOUN
cblr-2919	570	4	,	,	PUNCT
cblr-2919	570	5	especially	especially	ADV
cblr-2919	570	6	for	for	ADP
cblr-2919	570	7	highly	highly	ADV
cblr-2919	570	8	-	-	PUNCT
cblr-2919	570	9	rated	rate	VERB
cblr-2919	570	10	debt	debt	NOUN
cblr-2919	570	11	,	,	PUNCT
cblr-2919	570	12	are	be	AUX
cblr-2919	570	13	relatively	relatively	ADV
cblr-2919	570	14	infrequent	infrequent	ADJ
cblr-2919	570	15	.	.	PUNCT
cblr-2919	570	16	'	'	PUNCT
cblr-2919	570	17	with	with	ADP
cblr-2919	570	18	such	such	DET
cblr-2919	570	19	a	a	DET
cblr-2919	570	20	small	small	ADJ
cblr-2919	570	21	sample	sample	NOUN
cblr-2919	570	22	of	of	ADP
cblr-2919	570	23	defaults	default	NOUN
cblr-2919	570	24	by	by	ADP
cblr-2919	570	25	which	which	PRON
cblr-2919	570	26	to	to	PART
cblr-2919	570	27	judge	judge	VERB
cblr-2919	570	28	performance	performance	NOUN
cblr-2919	570	29	,	,	PUNCT
cblr-2919	570	30	it	it	PRON
cblr-2919	570	31	would	would	AUX
cblr-2919	570	32	be	be	AUX
cblr-2919	570	33	difficult	difficult	ADJ
cblr-2919	570	34	for	for	SCONJ
cblr-2919	570	35	a	a	DET
cblr-2919	570	36	tribunal	tribunal	NOUN
cblr-2919	570	37	to	to	PART
cblr-2919	570	38	decide	decide	VERB
cblr-2919	570	39	whether	whether	SCONJ
cblr-2919	570	40	ratings	rating	NOUN
cblr-2919	570	41	for	for	ADP
cblr-2919	570	42	any	any	DET
cblr-2919	570	43	given	give	VERB
cblr-2919	570	44	period	period	NOUN
cblr-2919	570	45	were	be	AUX
cblr-2919	570	46	low	low	ADJ
cblr-2919	570	47	quality	quality	NOUN
cblr-2919	570	48	.	.	PUNCT
cblr-2919	571	1	"	"	PUNCT
cblr-2919	571	2	'	'	PUNCT
cblr-2919	571	3	second	second	ADJ
cblr-2919	571	4	,	,	PUNCT
cblr-2919	571	5	civil	civil	ADJ
cblr-2919	571	6	liability	liability	NOUN
cblr-2919	571	7	requires	require	VERB
cblr-2919	571	8	substantial	substantial	ADJ
cblr-2919	571	9	government	government	NOUN
cblr-2919	571	10	oversight	oversight	NOUN
cblr-2919	571	11	,	,	PUNCT
cblr-2919	571	12	particularly	particularly	ADV
cblr-2919	571	13	in	in	ADP
cblr-2919	571	14	devising	devise	VERB
cblr-2919	571	15	performance	performance	NOUN
cblr-2919	571	16	standards	standard	NOUN
cblr-2919	571	17	.	.	PUNCT
cblr-2919	571	18	'	'	PUNCT
cblr-2919	572	1	in	in	ADP
cblr-2919	572	2	the	the	DET
cblr-2919	572	3	creditor	creditor	PROPN
cblr-2919	572	4	committee	committee	PROPN
cblr-2919	572	5	model	model	NOUN
cblr-2919	572	6	,	,	PUNCT
cblr-2919	572	7	standards	standard	NOUN
cblr-2919	572	8	are	be	AUX
cblr-2919	572	9	devised	devise	VERB
cblr-2919	572	10	by	by	ADP
cblr-2919	572	11	the	the	DET
cblr-2919	572	12	contracting	contracting	NOUN
cblr-2919	572	13	parties	party	NOUN
cblr-2919	572	14	,	,	PUNCT
cblr-2919	572	15	but	but	CCONJ
cblr-2919	572	16	the	the	DET
cblr-2919	572	17	sec	sec	PROPN
cblr-2919	572	18	still	still	ADV
cblr-2919	572	19	has	have	VERB
cblr-2919	572	20	to	to	PART
cblr-2919	572	21	adjudicate	adjudicate	VERB
cblr-2919	572	22	complaints.2	complaints.2	PROPN
cblr-2919	572	23	00	00	PUNCT
cblr-2919	572	24	generally	generally	ADV
cblr-2919	572	25	,	,	PUNCT
cblr-2919	572	26	any	any	DET
cblr-2919	572	27	system	system	NOUN
cblr-2919	572	28	that	that	PRON
cblr-2919	572	29	requires	require	VERB
cblr-2919	572	30	oversight	oversight	NOUN
cblr-2919	572	31	,	,	PUNCT
cblr-2919	572	32	whether	whether	SCONJ
cblr-2919	572	33	by	by	ADP
cblr-2919	572	34	a	a	DET
cblr-2919	572	35	tribunal	tribunal	NOUN
cblr-2919	572	36	,	,	PUNCT
cblr-2919	572	37	the	the	DET
cblr-2919	572	38	sec	sec	PROPN
cblr-2919	572	39	,	,	PUNCT
cblr-2919	572	40	or	or	CCONJ
cblr-2919	572	41	investor	investor	NOUN
cblr-2919	572	42	committees	committee	NOUN
cblr-2919	572	43	,	,	PUNCT
cblr-2919	572	44	raises	raise	VERB
cblr-2919	572	45	a	a	DET
cblr-2919	572	46	problem	problem	NOUN
cblr-2919	572	47	that	that	PRON
cblr-2919	572	48	manns	manns	PROPN
cblr-2919	572	49	readily	readily	ADV
cblr-2919	572	50	concedes	concede	VERB
cblr-2919	572	51	,	,	PUNCT
cblr-2919	572	52	which	which	PRON
cblr-2919	572	53	is	be	AUX
cblr-2919	572	54	that	that	SCONJ
cblr-2919	572	55	the	the	DET
cblr-2919	572	56	"	"	PUNCT
cblr-2919	572	57	advantages	advantage	NOUN
cblr-2919	572	58	or	or	CCONJ
cblr-2919	572	59	skills	skill	NOUN
cblr-2919	572	60	that	that	PRON
cblr-2919	572	61	make	make	VERB
cblr-2919	572	62	private	private	ADJ
cblr-2919	572	63	gatekeepers	gatekeeper	NOUN
cblr-2919	572	64	serve	serve	VERB
cblr-2919	572	65	as	as	ADP
cblr-2919	572	66	attractive	attractive	ADJ
cblr-2919	572	67	complements	complement	NOUN
cblr-2919	572	68	or	or	CCONJ
cblr-2919	572	69	substitutes	substitute	NOUN
cblr-2919	572	70	for	for	ADP
cblr-2919	572	71	public	public	ADJ
cblr-2919	572	72	enforcement	enforcement	NOUN
cblr-2919	572	73	may	may	AUX
cblr-2919	572	74	also	also	ADV
cblr-2919	572	75	equip	equip	VERB
cblr-2919	572	76	these	these	DET
cblr-2919	572	77	gatekeepers	gatekeeper	NOUN
cblr-2919	572	78	with	with	ADP
cblr-2919	572	79	the	the	DET
cblr-2919	572	80	tools	tool	NOUN
cblr-2919	572	81	to	to	PART
cblr-2919	572	82	facilitate	facilitate	VERB
cblr-2919	572	83	illicit	illicit	ADJ
cblr-2919	572	84	activity	activity	NOUN
cblr-2919	572	85	and	and	CCONJ
cblr-2919	572	86	to	to	PART
cblr-2919	572	87	obfuscate	obfuscate	VERB
cblr-2919	572	88	their	their	PRON
cblr-2919	572	89	malfeasance	malfeasance	NOUN
cblr-2919	572	90	.	.	PUNCT
cblr-2919	573	1	"20	"20	PROPN
cblr-2919	573	2	'	'	PUNCT
cblr-2919	573	3	any	any	DET
cblr-2919	573	4	overseer	overseer	NOUN
cblr-2919	573	5	would	would	AUX
cblr-2919	573	6	therefore	therefore	ADV
cblr-2919	573	7	face	face	VERB
cblr-2919	573	8	talented	talented	ADJ
cblr-2919	573	9	"	"	PUNCT
cblr-2919	573	10	see	see	PROPN
cblr-2919	573	11	manns	manns	PROPN
cblr-2919	573	12	,	,	PUNCT
cblr-2919	573	13	supra	supra	PROPN
cblr-2919	573	14	note	note	NOUN
cblr-2919	573	15	42	42	NUM
cblr-2919	573	16	,	,	PUNCT
cblr-2919	573	17	at	at	ADP
cblr-2919	573	18	1067	1067	NUM
cblr-2919	573	19	(	(	PUNCT
cblr-2919	573	20	acknowledging	acknowledge	VERB
cblr-2919	573	21	the	the	DET
cblr-2919	573	22	novelty	novelty	NOUN
cblr-2919	573	23	of	of	ADP
cblr-2919	573	24	creditor	creditor	NOUN
cblr-2919	573	25	committees	committee	NOUN
cblr-2919	573	26	outside	outside	ADP
cblr-2919	573	27	the	the	DET
cblr-2919	573	28	bankruptcy	bankruptcy	NOUN
cblr-2919	573	29	context	context	NOUN
cblr-2919	573	30	)	)	PUNCT
cblr-2919	573	31	.	.	PUNCT
cblr-2919	574	1	196	196	NUM
cblr-2919	575	1	both	both	CCONJ
cblr-2919	575	2	hunt	hunt	NOUN
cblr-2919	575	3	and	and	CCONJ
cblr-2919	575	4	manns	manns	PROPN
cblr-2919	575	5	address	address	NOUN
cblr-2919	575	6	this	this	PRON
cblr-2919	575	7	in	in	ADP
cblr-2919	575	8	their	their	PRON
cblr-2919	575	9	plans	plan	NOUN
cblr-2919	575	10	,	,	PUNCT
cblr-2919	575	11	but	but	CCONJ
cblr-2919	575	12	acknowledge	acknowledge	VERB
cblr-2919	575	13	difficulty	difficulty	NOUN
cblr-2919	575	14	in	in	ADP
cblr-2919	575	15	devising	devise	VERB
cblr-2919	575	16	the	the	DET
cblr-2919	575	17	correct	correct	ADJ
cblr-2919	575	18	standards	standard	NOUN
cblr-2919	575	19	.	.	PUNCT
cblr-2919	576	1	see	see	VERB
cblr-2919	576	2	hunt	hunt	NOUN
cblr-2919	576	3	,	,	PUNCT
cblr-2919	576	4	supra	supra	PROPN
cblr-2919	576	5	note	note	PROPN
cblr-2919	576	6	15	15	NUM
cblr-2919	576	7	,	,	PUNCT
cblr-2919	576	8	at	at	ADP
cblr-2919	576	9	67	67	NUM
cblr-2919	576	10	;	;	PUNCT
cblr-2919	576	11	manns	mann	NOUN
cblr-2919	576	12	,	,	PUNCT
cblr-2919	576	13	supra	supra	PROPN
cblr-2919	576	14	note	note	NOUN
cblr-2919	576	15	42	42	NUM
cblr-2919	576	16	,	,	PUNCT
cblr-2919	576	17	at	at	ADP
cblr-2919	576	18	63	63	NUM
cblr-2919	576	19	.	.	PUNCT
cblr-2919	576	20	'	'	PUNCT
cblr-2919	577	1	ashcraft	ashcraft	PROPN
cblr-2919	577	2	.	.	PROPN
cblr-2919	577	3	,	,	PUNCT
cblr-2919	577	4	supra	supra	PROPN
cblr-2919	577	5	note	note	PROPN
cblr-2919	577	6	19	19	NUM
cblr-2919	577	7	,	,	PUNCT
cblr-2919	577	8	at	at	ADP
cblr-2919	577	9	39	39	NUM
cblr-2919	577	10	.	.	PUNCT
cblr-2919	578	1	198	198	NUM
cblr-2919	579	1	i	i	PROPN
cblr-2919	579	2	d.	d.	PROPN
cblr-2919	579	3	199	199	NUM
cblr-2919	579	4	manns	mann	NOUN
cblr-2919	579	5	,	,	PUNCT
cblr-2919	579	6	supra	supra	PROPN
cblr-2919	579	7	note	note	NOUN
cblr-2919	579	8	42	42	NUM
cblr-2919	579	9	,	,	PUNCT
cblr-2919	579	10	at	at	ADP
cblr-2919	579	11	1079	1079	NUM
cblr-2919	579	12	.	.	PUNCT
cblr-2919	580	1	200	200	NUM
cblr-2919	580	2	i	i	PROPN
cblr-2919	580	3	d.	d.	PROPN
cblr-2919	580	4	at	at	ADP
cblr-2919	580	5	1082	1082	NUM
cblr-2919	580	6	.	.	PUNCT
cblr-2919	581	1	201	201	NUM
cblr-2919	582	1	i	i	PRON
cblr-2919	582	2	d.	d.	NOUN
cblr-2919	582	3	at	at	ADP
cblr-2919	582	4	1079	1079	NUM
cblr-2919	582	5	.	.	PUNCT
cblr-2919	583	1	279	279	NUM
cblr-2919	583	2	adversaries	adversary	NOUN
cblr-2919	583	3	who	who	PRON
cblr-2919	583	4	could	could	AUX
cblr-2919	583	5	,	,	PUNCT
cblr-2919	583	6	as	as	SCONJ
cblr-2919	583	7	the	the	DET
cblr-2919	583	8	current	current	ADJ
cblr-2919	583	9	crisis	crisis	NOUN
cblr-2919	583	10	has	have	AUX
cblr-2919	583	11	demonstrated	demonstrate	VERB
cblr-2919	583	12	,	,	PUNCT
cblr-2919	583	13	obfuscate	obfuscate	VERB
cblr-2919	583	14	their	their	PRON
cblr-2919	583	15	malfeasance	malfeasance	NOUN
cblr-2919	583	16	quite	quite	DET
cblr-2919	583	17	well.20	well.20	PROPN
cblr-2919	583	18	2	2	NUM
cblr-2919	583	19	viii	viii	NOUN
cblr-2919	583	20	.	.	PUNCT
cblr-2919	584	1	conclusion	conclusion	NOUN
cblr-2919	584	2	ultimately	ultimately	ADV
cblr-2919	584	3	,	,	PUNCT
cblr-2919	584	4	the	the	DET
cblr-2919	584	5	agency	agency	NOUN
cblr-2919	584	6	only	only	ADV
cblr-2919	584	7	addresses	address	VERB
cblr-2919	584	8	one	one	NUM
cblr-2919	584	9	of	of	ADP
cblr-2919	584	10	the	the	DET
cblr-2919	584	11	many	many	ADJ
cblr-2919	584	12	problems	problem	NOUN
cblr-2919	584	13	affecting	affect	VERB
cblr-2919	584	14	the	the	DET
cblr-2919	584	15	financial	financial	ADJ
cblr-2919	584	16	services	service	NOUN
cblr-2919	584	17	industry	industry	NOUN
cblr-2919	584	18	.	.	PUNCT
cblr-2919	585	1	financial	financial	ADJ
cblr-2919	585	2	intermediaries	intermediary	NOUN
cblr-2919	585	3	will	will	AUX
cblr-2919	585	4	doubtless	doubtless	VERB
cblr-2919	585	5	continue	continue	VERB
cblr-2919	585	6	to	to	PART
cblr-2919	585	7	find	find	VERB
cblr-2919	585	8	ways	way	NOUN
cblr-2919	585	9	to	to	PART
cblr-2919	585	10	sidestep	sidestep	VERB
cblr-2919	585	11	regulations	regulation	NOUN
cblr-2919	585	12	and	and	CCONJ
cblr-2919	585	13	expose	expose	VERB
cblr-2919	585	14	the	the	DET
cblr-2919	585	15	broader	broad	ADJ
cblr-2919	585	16	financial	financial	ADJ
cblr-2919	585	17	system	system	NOUN
cblr-2919	585	18	to	to	ADP
cblr-2919	585	19	unwanted	unwanted	ADJ
cblr-2919	585	20	risks	risk	NOUN
cblr-2919	585	21	.	.	PUNCT
cblr-2919	586	1	nevertheless	nevertheless	ADV
cblr-2919	586	2	,	,	PUNCT
cblr-2919	586	3	this	this	DET
cblr-2919	586	4	note	note	NOUN
cblr-2919	586	5	's	's	PART
cblr-2919	586	6	proposal	proposal	NOUN
cblr-2919	586	7	is	be	AUX
cblr-2919	586	8	an	an	DET
cblr-2919	586	9	important	important	ADJ
cblr-2919	586	10	step	step	NOUN
cblr-2919	586	11	in	in	ADP
cblr-2919	586	12	fighting	fight	VERB
cblr-2919	586	13	systemic	systemic	ADJ
cblr-2919	586	14	risk	risk	NOUN
cblr-2919	586	15	because	because	SCONJ
cblr-2919	586	16	it	it	PRON
cblr-2919	586	17	puts	put	VERB
cblr-2919	586	18	a	a	DET
cblr-2919	586	19	government	government	NOUN
cblr-2919	586	20	actor	actor	NOUN
cblr-2919	586	21	in	in	ADP
cblr-2919	586	22	the	the	DET
cblr-2919	586	23	middle	middle	NOUN
cblr-2919	586	24	of	of	ADP
cblr-2919	586	25	an	an	DET
cblr-2919	586	26	important	important	ADJ
cblr-2919	586	27	risk	risk	NOUN
cblr-2919	586	28	taking	taking	NOUN
cblr-2919	586	29	process	process	NOUN
cblr-2919	586	30	,	,	PUNCT
cblr-2919	586	31	allowing	allow	VERB
cblr-2919	586	32	developing	develop	VERB
cblr-2919	586	33	problems	problem	NOUN
cblr-2919	586	34	to	to	PART
cblr-2919	586	35	be	be	AUX
cblr-2919	586	36	prevented	prevent	VERB
cblr-2919	586	37	ex	ex	PRON
cblr-2919	586	38	ante	ante	NOUN
cblr-2919	586	39	rather	rather	ADV
cblr-2919	586	40	than	than	ADP
cblr-2919	586	41	just	just	ADV
cblr-2919	586	42	remedied	remedie	VERB
cblr-2919	586	43	ex	ex	PRON
cblr-2919	586	44	post	post	NOUN
cblr-2919	586	45	.	.	PUNCT
cblr-2919	587	1	one	one	NUM
cblr-2919	587	2	problem	problem	NOUN
cblr-2919	587	3	that	that	PRON
cblr-2919	587	4	regulators	regulator	NOUN
cblr-2919	587	5	have	have	AUX
cblr-2919	587	6	failed	fail	VERB
cblr-2919	587	7	to	to	PART
cblr-2919	587	8	adequately	adequately	ADV
cblr-2919	587	9	address	address	NOUN
cblr-2919	587	10	is	be	AUX
cblr-2919	587	11	subpar	subpar	ADJ
cblr-2919	587	12	rmbs	rmb	NOUN
cblr-2919	587	13	and	and	CCONJ
cblr-2919	587	14	r	r	NOUN
cblr-2919	587	15	-	-	PUNCT
cblr-2919	587	16	cdo	cdo	ADJ
cblr-2919	587	17	ratings	rating	NOUN
cblr-2919	587	18	.	.	PUNCT
cblr-2919	588	1	as	as	ADP
cblr-2919	588	2	a	a	DET
cblr-2919	588	3	consequence	consequence	NOUN
cblr-2919	588	4	,	,	PUNCT
cblr-2919	588	5	the	the	DET
cblr-2919	588	6	mortgage	mortgage	NOUN
cblr-2919	588	7	securitization	securitization	NOUN
cblr-2919	588	8	market	market	NOUN
cblr-2919	588	9	is	be	AUX
cblr-2919	588	10	frozen	freeze	VERB
cblr-2919	588	11	(	(	PUNCT
cblr-2919	588	12	outside	outside	NOUN
cblr-2919	588	13	of	of	ADP
cblr-2919	588	14	government	government	NOUN
cblr-2919	588	15	purchasing	purchase	VERB
cblr-2919	588	16	through	through	ADP
cblr-2919	588	17	the	the	DET
cblr-2919	588	18	gses	gse	NOUN
cblr-2919	588	19	)	)	PUNCT
cblr-2919	588	20	.	.	PUNCT
cblr-2919	589	1	unfreezing	unfreeze	VERB
cblr-2919	589	2	securitization	securitization	NOUN
cblr-2919	589	3	through	through	ADP
cblr-2919	589	4	massive	massive	ADJ
cblr-2919	589	5	gse	gse	NOUN
cblr-2919	589	6	purchasing	purchasing	NOUN
cblr-2919	589	7	is	be	AUX
cblr-2919	589	8	not	not	PART
cblr-2919	589	9	a	a	DET
cblr-2919	589	10	plausible	plausible	ADJ
cblr-2919	589	11	long	long	ADJ
cblr-2919	589	12	-	-	PUNCT
cblr-2919	589	13	term	term	NOUN
cblr-2919	589	14	solution	solution	NOUN
cblr-2919	589	15	.	.	PUNCT
cblr-2919	590	1	in	in	ADP
cblr-2919	590	2	order	order	NOUN
cblr-2919	590	3	to	to	PART
cblr-2919	590	4	bring	bring	VERB
cblr-2919	590	5	back	back	ADV
cblr-2919	590	6	private	private	ADJ
cblr-2919	590	7	investment	investment	NOUN
cblr-2919	590	8	,	,	PUNCT
cblr-2919	590	9	investors	investor	NOUN
cblr-2919	590	10	need	need	VERB
cblr-2919	590	11	confidence	confidence	NOUN
cblr-2919	590	12	in	in	ADP
cblr-2919	590	13	ratings	rating	NOUN
cblr-2919	590	14	that	that	PRON
cblr-2919	590	15	only	only	ADV
cblr-2919	590	16	the	the	DET
cblr-2919	590	17	agency	agency	NOUN
cblr-2919	590	18	can	can	AUX
cblr-2919	590	19	provide	provide	VERB
cblr-2919	590	20	.	.	PUNCT
cblr-2919	591	1	without	without	ADP
cblr-2919	591	2	the	the	DET
cblr-2919	591	3	agency	agency	NOUN
cblr-2919	591	4	,	,	PUNCT
cblr-2919	591	5	conflicts	conflict	NOUN
cblr-2919	591	6	of	of	ADP
cblr-2919	591	7	interest	interest	NOUN
cblr-2919	591	8	will	will	AUX
cblr-2919	591	9	continue	continue	VERB
cblr-2919	591	10	to	to	PART
cblr-2919	591	11	plague	plague	VERB
cblr-2919	591	12	the	the	DET
cblr-2919	591	13	issuer	issuer	NOUN
cblr-2919	591	14	pays	pay	VERB
cblr-2919	591	15	model	model	NOUN
cblr-2919	591	16	and	and	CCONJ
cblr-2919	591	17	cause	cause	VERB
cblr-2919	591	18	bad	bad	ADJ
cblr-2919	591	19	ratings	rating	NOUN
cblr-2919	591	20	.	.	PUNCT
cblr-2919	592	1	also	also	ADV
cblr-2919	592	2	,	,	PUNCT
cblr-2919	592	3	proposals	proposal	NOUN
cblr-2919	592	4	predicated	predicate	VERB
cblr-2919	592	5	on	on	ADP
cblr-2919	592	6	liability	liability	NOUN
cblr-2919	592	7	are	be	AUX
cblr-2919	592	8	difficult	difficult	ADJ
cblr-2919	592	9	to	to	PART
cblr-2919	592	10	implement	implement	VERB
cblr-2919	592	11	and	and	CCONJ
cblr-2919	592	12	ultimately	ultimately	ADV
cblr-2919	592	13	ineffective	ineffective	ADJ
cblr-2919	592	14	.	.	PUNCT
cblr-2919	593	1	therefore	therefore	ADV
cblr-2919	593	2	,	,	PUNCT
cblr-2919	593	3	a	a	DET
cblr-2919	593	4	clean	clean	ADJ
cblr-2919	593	5	sweep	sweep	NOUN
cblr-2919	593	6	is	be	AUX
cblr-2919	593	7	needed	need	VERB
cblr-2919	593	8	;	;	PUNCT
cblr-2919	593	9	one	one	NUM
cblr-2919	593	10	that	that	PRON
cblr-2919	593	11	replaces	replace	VERB
cblr-2919	593	12	the	the	DET
cblr-2919	593	13	cras	cra	NOUN
cblr-2919	593	14	with	with	ADP
cblr-2919	593	15	a	a	DET
cblr-2919	593	16	government	government	NOUN
cblr-2919	593	17	entity	entity	NOUN
cblr-2919	593	18	that	that	PRON
cblr-2919	593	19	truly	truly	ADV
cblr-2919	593	20	serves	serve	VERB
cblr-2919	593	21	investors	investor	NOUN
cblr-2919	593	22	and	and	CCONJ
cblr-2919	593	23	does	do	AUX
cblr-2919	593	24	not	not	PART
cblr-2919	593	25	subvert	subvert	VERB
cblr-2919	593	26	financial	financial	ADJ
cblr-2919	593	27	regulation	regulation	NOUN
cblr-2919	593	28	.	.	PUNCT
cblr-2919	594	1	202	202	NUM
cblr-2919	594	2	see	see	VERB
cblr-2919	594	3	supra	supra	PROPN
cblr-2919	594	4	part	part	PROPN
cblr-2919	594	5	v.c	v.c	PROPN
cblr-2919	594	6	.	.	PROPN
cblr-2919	594	7	280	280	NUM
cblr-2919	594	8	col	col	PROPN
cblr-2919	594	9	umia	umia	PROPN
cblr-2919	594	10	b	b	PROPN
cblr-2919	594	11	usiness	usiness	PROPN
cblr-2919	594	12	la	la	PROPN
cblr-2919	594	13	w	w	PROPN
cblr-2919	594	14	re	re	PROPN
cblr-2919	594	15	vie	vie	PROPN
cblr-2919	594	16	w	w	PROPN
cblr-2919	595	1	[	[	X
cblr-2919	595	2	vol	vol	NOUN
cblr-2919	595	3	.	.	PUNCT
cblr-2919	595	4	2010	2010	NUM