id	sid	tid	token	lemma	pos
cblr-2937	1	1	credit	credit	NOUN
cblr-2937	1	2	rating	rating	NOUN
cblr-2937	1	3	agencies	agency	NOUN
cblr-2937	1	4	and	and	CCONJ
cblr-2937	1	5	the	the	DET
cblr-2937	1	6	worldwide	worldwide	ADJ
cblr-2937	1	7	credit	credit	NOUN
cblr-2937	1	8	crisis	crisis	NOUN
cblr-2937	1	9	:	:	PUNCT
cblr-2937	1	10	the	the	DET
cblr-2937	1	11	limits	limit	NOUN
cblr-2937	1	12	of	of	ADP
cblr-2937	1	13	reputation	reputation	NOUN
cblr-2937	1	14	,	,	PUNCT
cblr-2937	1	15	the	the	DET
cblr-2937	1	16	insufficiency	insufficiency	NOUN
cblr-2937	1	17	of	of	ADP
cblr-2937	1	18	reform	reform	NOUN
cblr-2937	1	19	,	,	PUNCT
cblr-2937	1	20	and	and	CCONJ
cblr-2937	1	21	a	a	DET
cblr-2937	1	22	proposal	proposal	NOUN
cblr-2937	1	23	for	for	ADP
cblr-2937	1	24	improvement	improvement	NOUN
cblr-2937	1	25	credit	credit	NOUN
cblr-2937	1	26	rating	rating	NOUN
cblr-2937	1	27	agencies	agency	NOUN
cblr-2937	1	28	and	and	CCONJ
cblr-2937	1	29	the	the	DET
cblr-2937	1	30	"	"	PUNCT
cblr-2937	1	31	worldwide	worldwide	ADJ
cblr-2937	1	32	credit	credit	NOUN
cblr-2937	1	33	crisis	crisis	NOUN
cblr-2937	1	34	"	"	PUNCT
cblr-2937	1	35	:	:	PUNCT
cblr-2937	1	36	the	the	DET
cblr-2937	1	37	limits	limit	NOUN
cblr-2937	1	38	of	of	ADP
cblr-2937	1	39	reputation	reputation	NOUN
cblr-2937	1	40	,	,	PUNCT
cblr-2937	1	41	the	the	DET
cblr-2937	1	42	insufficiency	insufficiency	NOUN
cblr-2937	1	43	of	of	ADP
cblr-2937	1	44	reform	reform	NOUN
cblr-2937	1	45	,	,	PUNCT
cblr-2937	1	46	and	and	CCONJ
cblr-2937	1	47	a	a	DET
cblr-2937	1	48	proposal	proposal	NOUN
cblr-2937	1	49	for	for	ADP
cblr-2937	1	50	improvement	improvement	NOUN
cblr-2937	1	51	john	john	PROPN
cblr-2937	1	52	patrick	patrick	PROPN
cblr-2937	1	53	hunt	hunt	PROPN
cblr-2937	1	54	*	*	PROPN
cblr-2937	1	55	i.	i.	PROPN
cblr-2937	1	56	introduction	introduction	NOUN
cblr-2937	1	57	................................................................	................................................................	PUNCT
cblr-2937	1	58	112	112	NUM
cblr-2937	1	59	ii	ii	NOUN
cblr-2937	1	60	.	.	PUNCT
cblr-2937	1	61	credit	credit	NOUN
cblr-2937	1	62	ratings	rating	NOUN
cblr-2937	1	63	and	and	CCONJ
cblr-2937	1	64	the	the	DET
cblr-2937	1	65	"	"	PUNCT
cblr-2937	1	66	worldwide	worldwide	ADJ
cblr-2937	1	67	credit	credit	NOUN
cblr-2937	1	68	crisis	crisis	NOUN
cblr-2937	1	69	"	"	PUNCT
cblr-2937	1	70	..	..	PUNCT
cblr-2937	1	71	114	114	NUM
cblr-2937	1	72	a.	a.	NOUN
cblr-2937	1	73	rating	rating	NOUN
cblr-2937	1	74	agencies	agency	NOUN
cblr-2937	1	75	and	and	CCONJ
cblr-2937	1	76	ratings	rating	NOUN
cblr-2937	1	77	..............................	..............................	PUNCT
cblr-2937	1	78	114	114	NUM
cblr-2937	1	79	b.	b.	NOUN
cblr-2937	1	80	ratings	rating	NOUN
cblr-2937	1	81	and	and	CCONJ
cblr-2937	1	82	structured	structured	ADJ
cblr-2937	1	83	finance	finance	NOUN
cblr-2937	1	84	.........................	.........................	PUNCT
cblr-2937	1	85	117	117	NUM
cblr-2937	1	86	c.	c.	NOUN
cblr-2937	1	87	the	the	DET
cblr-2937	1	88	"	"	PUNCT
cblr-2937	1	89	worldwide	worldwide	ADJ
cblr-2937	1	90	credit	credit	NOUN
cblr-2937	1	91	crisis	crisis	NOUN
cblr-2937	1	92	"	"	PUNCT
cblr-2937	1	93	...........................	...........................	PUNCT
cblr-2937	2	1	120	120	NUM
cblr-2937	2	2	d.	d.	PROPN
cblr-2937	2	3	regulatory	regulatory	ADJ
cblr-2937	2	4	initiatives	initiative	NOUN
cblr-2937	2	5	regarding	regard	VERB
cblr-2937	2	6	rating	rate	VERB
cblr-2937	2	7	a	a	DET
cblr-2937	2	8	gencies	gencie	NOUN
cblr-2937	2	9	...............................................................	...............................................................	PUNCT
cblr-2937	2	10	124	124	NUM
cblr-2937	2	11	iii	iii	NOUN
cblr-2937	2	12	.	.	PUNCT
cblr-2937	3	1	the	the	DET
cblr-2937	3	2	"	"	PUNCT
cblr-2937	3	3	reputational	reputational	ADJ
cblr-2937	3	4	-	-	PUNCT
cblr-2937	3	5	capital	capital	NOUN
cblr-2937	3	6	"	"	PUNCT
cblr-2937	3	7	view	view	NOUN
cblr-2937	3	8	of	of	ADP
cblr-2937	3	9	rating	rating	NOUN
cblr-2937	3	10	agencies	agency	NOUN
cblr-2937	3	11	and	and	CCONJ
cblr-2937	3	12	its	its	PRON
cblr-2937	3	13	relationship	relationship	NOUN
cblr-2937	3	14	to	to	ADP
cblr-2937	3	15	policy	policy	NOUN
cblr-2937	3	16	....................	....................	PUNCT
cblr-2937	4	1	127	127	NUM
cblr-2937	4	2	a.	a.	NOUN
cblr-2937	4	3	the	the	DET
cblr-2937	4	4	"	"	PUNCT
cblr-2937	4	5	reputational	reputational	ADJ
cblr-2937	4	6	-	-	PUNCT
cblr-2937	4	7	capital	capital	NOUN
cblr-2937	4	8	"	"	PUNCT
cblr-2937	4	9	view	view	NOUN
cblr-2937	4	10	of	of	ADP
cblr-2937	4	11	rating	rate	VERB
cblr-2937	4	12	a	a	DET
cblr-2937	4	13	gen	gen	NOUN
cblr-2937	4	14	cies	cie	NOUN
cblr-2937	4	15	...............................................................	...............................................................	PUNCT
cblr-2937	5	1	127	127	NUM
cblr-2937	5	2	b.	b.	PROPN
cblr-2937	5	3	perceived	perceive	VERB
cblr-2937	5	4	problems	problem	NOUN
cblr-2937	5	5	of	of	ADP
cblr-2937	5	6	the	the	DET
cblr-2937	5	7	rating	rating	NOUN
cblr-2937	5	8	market	market	NOUN
cblr-2937	5	9	..........	..........	PUNCT
cblr-2937	6	1	129	129	NUM
cblr-2937	6	2	1	1	X
cblr-2937	6	3	.	.	PUNCT
cblr-2937	7	1	lim	lim	PROPN
cblr-2937	7	2	ited	ite	VERB
cblr-2937	7	3	com	com	NOUN
cblr-2937	7	4	petition	petition	NOUN
cblr-2937	7	5	......................................	......................................	PUNCT
cblr-2937	8	1	131	131	NUM
cblr-2937	8	2	2	2	NUM
cblr-2937	8	3	.	.	PUNCT
cblr-2937	8	4	lack	lack	NOUN
cblr-2937	8	5	of	of	ADP
cblr-2937	8	6	"	"	PUNCT
cblr-2937	8	7	transparency	transparency	NOUN
cblr-2937	8	8	"	"	PUNCT
cblr-2937	8	9	..................................	..................................	PUNCT
cblr-2937	8	10	138	138	NUM
cblr-2937	8	11	a.	a.	NOUN
cblr-2937	8	12	methodological	methodological	ADJ
cblr-2937	8	13	transparency	transparency	NOUN
cblr-2937	8	14	..................	..................	PUNCT
cblr-2937	8	15	138	138	NUM
cblr-2937	8	16	b.	b.	PROPN
cblr-2937	8	17	performance	performance	NOUN
cblr-2937	8	18	transparency	transparency	NOUN
cblr-2937	8	19	......................	......................	PUNCT
cblr-2937	9	1	141	141	NUM
cblr-2937	9	2	3	3	NUM
cblr-2937	9	3	.	.	PUNCT
cblr-2937	9	4	rating	rating	NOUN
cblr-2937	9	5	-	-	PUNCT
cblr-2937	9	6	dependent	dependent	ADJ
cblr-2937	9	7	regulation	regulation	NOUN
cblr-2937	9	8	.......................	.......................	PUNCT
cblr-2937	9	9	142	142	NUM
cblr-2937	9	10	a.	a.	NOUN
cblr-2937	9	11	the	the	DET
cblr-2937	9	12	scope	scope	NOUN
cblr-2937	9	13	of	of	ADP
cblr-2937	9	14	rating	rating	NOUN
cblr-2937	9	15	-	-	PUNCT
cblr-2937	9	16	dependent	dependent	ADJ
cblr-2937	9	17	r	r	NOUN
cblr-2937	9	18	egulation	egulation	NOUN
cblr-2937	9	19	.................................................	.................................................	PUNCT
cblr-2937	10	1	144	144	NUM
cblr-2937	10	2	i.	i.	PROPN
cblr-2937	10	3	federal	federal	PROPN
cblr-2937	10	4	rules	rule	NOUN
cblr-2937	10	5	.......................................	.......................................	PUNCT
cblr-2937	10	6	144	144	NUM
cblr-2937	10	7	ii	ii	NOUN
cblr-2937	10	8	.	.	PUNCT
cblr-2937	11	1	state	state	NOUN
cblr-2937	11	2	rules	rule	NOUN
cblr-2937	11	3	and	and	CCONJ
cblr-2937	11	4	judicial	judicial	ADJ
cblr-2937	11	5	decisions	decision	NOUN
cblr-2937	11	6	....	....	PUNCT
cblr-2937	12	1	147	147	NUM
cblr-2937	12	2	*	*	PUNCT
cblr-2937	12	3	fellow	fellow	PROPN
cblr-2937	12	4	,	,	PUNCT
cblr-2937	12	5	berkeley	berkeley	PROPN
cblr-2937	12	6	center	center	PROPN
cblr-2937	12	7	for	for	ADP
cblr-2937	12	8	law	law	NOUN
cblr-2937	12	9	,	,	PUNCT
cblr-2937	12	10	business	business	NOUN
cblr-2937	12	11	and	and	CCONJ
cblr-2937	12	12	the	the	DET
cblr-2937	12	13	economy	economy	NOUN
cblr-2937	12	14	.	.	PUNCT
cblr-2937	13	1	m.f.e	m.f.e	INTJ
cblr-2937	13	2	.	.	PROPN
cblr-2937	13	3	,	,	PUNCT
cblr-2937	13	4	university	university	PROPN
cblr-2937	13	5	of	of	ADP
cblr-2937	13	6	california	california	PROPN
cblr-2937	13	7	,	,	PUNCT
cblr-2937	13	8	berkeley	berkeley	PROPN
cblr-2937	13	9	;	;	PUNCT
cblr-2937	13	10	j.d	j.d	PROPN
cblr-2937	13	11	.	.	PROPN
cblr-2937	13	12	,	,	PUNCT
cblr-2937	13	13	yale	yale	PROPN
cblr-2937	13	14	law	law	PROPN
cblr-2937	13	15	school	school	NOUN
cblr-2937	13	16	.	.	PUNCT
cblr-2937	14	1	effective	effective	ADJ
cblr-2937	14	2	july	july	PROPN
cblr-2937	14	3	2009	2009	NUM
cblr-2937	14	4	,	,	PUNCT
cblr-2937	14	5	the	the	DET
cblr-2937	14	6	author	author	NOUN
cblr-2937	14	7	will	will	AUX
cblr-2937	14	8	be	be	AUX
cblr-2937	14	9	acting	act	VERB
cblr-2937	14	10	professor	professor	NOUN
cblr-2937	14	11	of	of	ADP
cblr-2937	14	12	law	law	NOUN
cblr-2937	14	13	,	,	PUNCT
cblr-2937	14	14	university	university	PROPN
cblr-2937	14	15	of	of	ADP
cblr-2937	14	16	california	california	PROPN
cblr-2937	14	17	,	,	PUNCT
cblr-2937	14	18	davis	davis	PROPN
cblr-2937	14	19	.	.	PUNCT
cblr-2937	15	1	the	the	DET
cblr-2937	15	2	author	author	NOUN
cblr-2937	15	3	thanks	thanks	PROPN
cblr-2937	15	4	jesse	jesse	PROPN
cblr-2937	15	5	fried	fried	PROPN
cblr-2937	15	6	,	,	PUNCT
cblr-2937	15	7	eric	eric	PROPN
cblr-2937	15	8	talley	talley	PROPN
cblr-2937	15	9	,	,	PUNCT
cblr-2937	15	10	and	and	CCONJ
cblr-2937	15	11	ken	ken	PROPN
cblr-2937	15	12	taymor	taymor	PROPN
cblr-2937	15	13	for	for	ADP
cblr-2937	15	14	guidance	guidance	NOUN
cblr-2937	15	15	,	,	PUNCT
cblr-2937	15	16	katherine	katherine	PROPN
cblr-2937	15	17	florey	florey	PROPN
cblr-2937	15	18	for	for	ADP
cblr-2937	15	19	helpful	helpful	ADJ
cblr-2937	15	20	discussions	discussion	NOUN
cblr-2937	15	21	,	,	PUNCT
cblr-2937	15	22	and	and	CCONJ
cblr-2937	15	23	lara	lara	PROPN
cblr-2937	15	24	palanjian	palanjian	PROPN
cblr-2937	15	25	and	and	CCONJ
cblr-2937	15	26	josh	josh	PROPN
cblr-2937	15	27	weigensberg	weigensberg	PROPN
cblr-2937	15	28	for	for	ADP
cblr-2937	15	29	excellent	excellent	ADJ
cblr-2937	15	30	research	research	NOUN
cblr-2937	15	31	assistance	assistance	NOUN
cblr-2937	15	32	.	.	PUNCT
cblr-2937	16	1	the	the	DET
cblr-2937	16	2	author	author	NOUN
cblr-2937	16	3	appreciates	appreciate	VERB
cblr-2937	16	4	financial	financial	ADJ
cblr-2937	16	5	support	support	NOUN
cblr-2937	16	6	provided	provide	VERB
cblr-2937	16	7	by	by	ADP
cblr-2937	16	8	the	the	DET
cblr-2937	16	9	berkeley	berkeley	PROPN
cblr-2937	16	10	center	center	PROPN
cblr-2937	16	11	for	for	ADP
cblr-2937	16	12	law	law	NOUN
cblr-2937	16	13	,	,	PUNCT
cblr-2937	16	14	business	business	NOUN
cblr-2937	16	15	and	and	CCONJ
cblr-2937	16	16	the	the	DET
cblr-2937	16	17	economy	economy	NOUN
cblr-2937	16	18	.	.	PUNCT
cblr-2937	17	1	columbia	columbia	PROPN
cblr-2937	17	2	business	business	PROPN
cblr-2937	17	3	la	la	PROPN
cblr-2937	17	4	w	w	PROPN
cblr-2937	17	5	review	review	PROPN
cblr-2937	17	6	b.	b.	PROPN
cblr-2937	17	7	reform	reform	NOUN
cblr-2937	17	8	of	of	ADP
cblr-2937	17	9	rating	rating	NOUN
cblr-2937	17	10	-	-	PUNCT
cblr-2937	17	11	dependent	dependent	ADJ
cblr-2937	17	12	regulation	regulation	NOUN
cblr-2937	17	13	148	148	NUM
cblr-2937	17	14	4	4	NUM
cblr-2937	17	15	.	.	PUNCT
cblr-2937	18	1	conflicts	conflict	NOUN
cblr-2937	18	2	of	of	ADP
cblr-2937	18	3	interest	interest	NOUN
cblr-2937	18	4	........................................	........................................	PUNCT
cblr-2937	18	5	152	152	NUM
cblr-2937	18	6	iv	iv	NOUN
cblr-2937	18	7	.	.	PUNCT
cblr-2937	18	8	rating	rating	NOUN
cblr-2937	18	9	agency	agency	NOUN
cblr-2937	18	10	reputation	reputation	NOUN
cblr-2937	18	11	is	be	AUX
cblr-2937	18	12	not	not	PART
cblr-2937	18	13	likely	likely	ADJ
cblr-2937	18	14	to	to	PART
cblr-2937	18	15	constrain	constrain	VERB
cblr-2937	18	16	low	low	ADJ
cblr-2937	18	17	-	-	PUNCT
cblr-2937	18	18	quality	quality	NOUN
cblr-2937	18	19	rating	rating	NOUN
cblr-2937	18	20	of	of	ADP
cblr-2937	18	21	novel	novel	ADJ
cblr-2937	18	22	products	product	NOUN
cblr-2937	18	23	....	....	PUNCT
cblr-2937	18	24	155	155	NUM
cblr-2937	18	25	a.	a.	NOUN
cblr-2937	18	26	defining	define	VERB
cblr-2937	18	27	rating	rating	NOUN
cblr-2937	18	28	quality	quality	NOUN
cblr-2937	18	29	......................................	......................................	PUNCT
cblr-2937	18	30	156	156	NUM
cblr-2937	18	31	1	1	NUM
cblr-2937	18	32	.	.	PUNCT
cblr-2937	19	1	agencies	agency	NOUN
cblr-2937	19	2	describe	describe	VERB
cblr-2937	19	3	ratings	rating	NOUN
cblr-2937	19	4	as	as	ADP
cblr-2937	19	5	based	base	VERB
cblr-2937	19	6	on	on	ADP
cblr-2937	19	7	credit	credit	NOUN
cblr-2937	19	8	risk	risk	NOUN
cblr-2937	19	9	,	,	PUNCT
cblr-2937	19	10	not	not	PART
cblr-2937	19	11	other	other	ADJ
cblr-2937	19	12	characteristics	characteristic	NOUN
cblr-2937	19	13	.........	.........	PUNCT
cblr-2937	20	1	157	157	NUM
cblr-2937	20	2	2	2	NUM
cblr-2937	20	3	.	.	PUNCT
cblr-2937	20	4	ratings	rating	NOUN
cblr-2937	20	5	are	be	AUX
cblr-2937	20	6	described	describe	VERB
cblr-2937	20	7	primarily	primarily	ADV
cblr-2937	20	8	as	as	ADP
cblr-2937	20	9	ordinal	ordinal	ADJ
cblr-2937	20	10	,	,	PUNCT
cblr-2937	20	11	not	not	PART
cblr-2937	20	12	cardinal	cardinal	ADJ
cblr-2937	20	13	,	,	PUNCT
cblr-2937	20	14	assessments	assessment	NOUN
cblr-2937	20	15	of	of	ADP
cblr-2937	20	16	risk	risk	NOUN
cblr-2937	20	17	159	159	NUM
cblr-2937	20	18	3	3	NUM
cblr-2937	20	19	.	.	PUNCT
cblr-2937	21	1	ratings	rating	NOUN
cblr-2937	21	2	are	be	AUX
cblr-2937	21	3	described	describe	VERB
cblr-2937	21	4	as	as	ADP
cblr-2937	21	5	consistent	consistent	ADJ
cblr-2937	21	6	between	between	ADP
cblr-2937	21	7	traditional	traditional	ADJ
cblr-2937	21	8	and	and	CCONJ
cblr-2937	21	9	novel	novel	ADJ
cblr-2937	21	10	instrum	instrum	NOUN
cblr-2937	21	11	ents	ent	NOUN
cblr-2937	21	12	....................................................	....................................................	PUNCT
cblr-2937	22	1	160	160	NUM
cblr-2937	22	2	4	4	NUM
cblr-2937	22	3	.	.	PUNCT
cblr-2937	22	4	"	"	PUNCT
cblr-2937	22	5	opinions	opinion	NOUN
cblr-2937	22	6	,	,	PUNCT
cblr-2937	22	7	"	"	PUNCT
cblr-2937	22	8	but	but	CCONJ
cblr-2937	22	9	not	not	PART
cblr-2937	22	10	untestable	untestable	ADJ
cblr-2937	22	11	assertions	assertion	NOUN
cblr-2937	22	12	..	..	PUNCT
cblr-2937	22	13	162	162	NUM
cblr-2937	22	14	5	5	NUM
cblr-2937	22	15	.	.	PUNCT
cblr-2937	23	1	a	a	DET
cblr-2937	23	2	basis	basis	NOUN
cblr-2937	23	3	for	for	ADP
cblr-2937	23	4	measuring	measure	VERB
cblr-2937	23	5	rating	rating	NOUN
cblr-2937	23	6	quality	quality	NOUN
cblr-2937	23	7	..........	..........	PUNCT
cblr-2937	23	8	162	162	NUM
cblr-2937	23	9	b.	b.	NOUN
cblr-2937	23	10	reputation	reputation	NOUN
cblr-2937	23	11	is	be	AUX
cblr-2937	23	12	unlikely	unlikely	ADJ
cblr-2937	23	13	to	to	PART
cblr-2937	23	14	guarantee	guarantee	VERB
cblr-2937	23	15	highquality	highquality	NOUN
cblr-2937	23	16	ratings	rating	NOUN
cblr-2937	23	17	on	on	ADP
cblr-2937	23	18	novel	novel	ADJ
cblr-2937	23	19	products	product	NOUN
cblr-2937	23	20	....................	....................	PUNCT
cblr-2937	24	1	163	163	NUM
cblr-2937	24	2	1	1	NUM
cblr-2937	24	3	.	.	PUNCT
cblr-2937	24	4	reputation	reputation	NOUN
cblr-2937	24	5	does	do	AUX
cblr-2937	24	6	not	not	PART
cblr-2937	24	7	deter	deter	VERB
cblr-2937	24	8	low	low	ADJ
cblr-2937	24	9	-	-	PUNCT
cblr-2937	24	10	quality	quality	NOUN
cblr-2937	24	11	ratings	rating	NOUN
cblr-2937	24	12	in	in	ADP
cblr-2937	24	13	a	a	DET
cblr-2937	24	14	simple	simple	ADJ
cblr-2937	24	15	setting	setting	NOUN
cblr-2937	24	16	...........................	...........................	PUNCT
cblr-2937	24	17	164	164	NUM
cblr-2937	24	18	2	2	NUM
cblr-2937	24	19	.	.	PUNCT
cblr-2937	25	1	the	the	DET
cblr-2937	25	2	conclusion	conclusion	NOUN
cblr-2937	25	3	that	that	SCONJ
cblr-2937	25	4	reputation	reputation	NOUN
cblr-2937	25	5	is	be	AUX
cblr-2937	25	6	likely	likely	ADJ
cblr-2937	25	7	to	to	PART
cblr-2937	25	8	be	be	AUX
cblr-2937	25	9	ineffective	ineffective	ADJ
cblr-2937	25	10	holds	hold	NOUN
cblr-2937	25	11	even	even	ADV
cblr-2937	25	12	if	if	SCONJ
cblr-2937	25	13	the	the	DET
cblr-2937	25	14	problems	problem	NOUN
cblr-2937	25	15	policymakers	policymaker	NOUN
cblr-2937	25	16	are	be	AUX
cblr-2937	25	17	addressing	address	VERB
cblr-2937	25	18	are	be	AUX
cblr-2937	25	19	s	s	PRON
cblr-2937	25	20	olved	olved	ADJ
cblr-2937	25	21	..............................................................	..............................................................	PUNCT
cblr-2937	25	22	167	167	NUM
cblr-2937	25	23	a.	a.	NOUN
cblr-2937	25	24	com	com	NOUN
cblr-2937	25	25	petition	petition	NOUN
cblr-2937	25	26	...............................................	...............................................	PUNCT
cblr-2937	26	1	167	167	NUM
cblr-2937	26	2	b.	b.	NOUN
cblr-2937	26	3	transparency	transparency	NOUN
cblr-2937	26	4	............................................	............................................	PUNCT
cblr-2937	26	5	168	168	NUM
cblr-2937	26	6	c.	c.	NOUN
cblr-2937	26	7	rating	rating	NOUN
cblr-2937	26	8	-	-	PUNCT
cblr-2937	26	9	dependent	dependent	ADJ
cblr-2937	26	10	regulation	regulation	NOUN
cblr-2937	26	11	and	and	CCONJ
cblr-2937	26	12	conflicts	conflict	NOUN
cblr-2937	26	13	of	of	ADP
cblr-2937	26	14	interest	interest	NOUN
cblr-2937	26	15	..................................	..................................	PUNCT
cblr-2937	26	16	169	169	NUM
cblr-2937	26	17	c.	c.	PROPN
cblr-2937	26	18	key	key	PROPN
cblr-2937	26	19	assumptions	assumption	NOUN
cblr-2937	26	20	underlying	underlie	VERB
cblr-2937	26	21	the	the	DET
cblr-2937	26	22	conclusion	conclusion	NOUN
cblr-2937	26	23	that	that	SCONJ
cblr-2937	26	24	reputation	reputation	NOUN
cblr-2937	26	25	is	be	AUX
cblr-2937	26	26	likely	likely	ADJ
cblr-2937	26	27	to	to	PART
cblr-2937	26	28	be	be	AUX
cblr-2937	26	29	ineffective	ineffective	ADJ
cblr-2937	26	30	a	a	DET
cblr-2937	26	31	re	re	NOUN
cblr-2937	26	32	justified	justified	ADJ
cblr-2937	26	33	.........................................................	.........................................................	PUNCT
cblr-2937	26	34	169	169	NUM
cblr-2937	26	35	1	1	NUM
cblr-2937	26	36	.	.	PUNCT
cblr-2937	26	37	rating	rating	NOUN
cblr-2937	26	38	agencies	agency	NOUN
cblr-2937	26	39	face	face	VERB
cblr-2937	26	40	no	no	DET
cblr-2937	26	41	negative	negative	ADJ
cblr-2937	26	42	"	"	PUNCT
cblr-2937	26	43	spillover	spillover	NOUN
cblr-2937	26	44	"	"	PUNCT
cblr-2937	26	45	from	from	ADP
cblr-2937	26	46	issuing	issue	VERB
cblr-2937	26	47	low	low	ADJ
cblr-2937	26	48	-	-	PUNCT
cblr-2937	26	49	quality	quality	NOUN
cblr-2937	26	50	ratings	rating	NOUN
cblr-2937	26	51	in	in	ADP
cblr-2937	26	52	new	new	ADJ
cblr-2937	26	53	segments	segment	NOUN
cblr-2937	26	54	..............................	..............................	PUNCT
cblr-2937	27	1	169	169	NUM
cblr-2937	27	2	2	2	NUM
cblr-2937	27	3	.	.	PUNCT
cblr-2937	28	1	the	the	DET
cblr-2937	28	2	rating	rating	NOUN
cblr-2937	28	3	agency	agency	NOUN
cblr-2937	28	4	knows	know	VERB
cblr-2937	28	5	whether	whether	SCONJ
cblr-2937	28	6	it	it	PRON
cblr-2937	28	7	is	be	AUX
cblr-2937	28	8	capable	capable	ADJ
cblr-2937	28	9	of	of	ADP
cblr-2937	28	10	rating	rate	VERB
cblr-2937	28	11	new	new	ADJ
cblr-2937	28	12	instruments	instrument	NOUN
cblr-2937	28	13	with	with	ADP
cblr-2937	28	14	h	h	NOUN
cblr-2937	28	15	igh	igh	PROPN
cblr-2937	28	16	q	q	PROPN
cblr-2937	28	17	uality	uality	NOUN
cblr-2937	28	18	...................................................	...................................................	PUNCT
cblr-2937	28	19	174	174	NUM
cblr-2937	28	20	3	3	NUM
cblr-2937	28	21	.	.	PUNCT
cblr-2937	29	1	the	the	DET
cblr-2937	29	2	agency	agency	NOUN
cblr-2937	29	3	does	do	AUX
cblr-2937	29	4	not	not	PART
cblr-2937	29	5	perceive	perceive	VERB
cblr-2937	29	6	that	that	SCONJ
cblr-2937	29	7	waiting	wait	VERB
cblr-2937	29	8	to	to	PART
cblr-2937	29	9	enter	enter	VERB
cblr-2937	29	10	the	the	DET
cblr-2937	29	11	new	new	ADJ
cblr-2937	29	12	segment	segment	NOUN
cblr-2937	29	13	will	will	AUX
cblr-2937	29	14	result	result	VERB
cblr-2937	29	15	in	in	ADP
cblr-2937	29	16	greater	great	ADJ
cblr-2937	29	17	profits	profit	NOUN
cblr-2937	29	18	than	than	ADP
cblr-2937	29	19	entering	enter	VERB
cblr-2937	29	20	i	i	PRON
cblr-2937	29	21	m	m	VERB
cblr-2937	29	22	m	m	VERB
cblr-2937	29	23	ediately	ediately	ADV
cblr-2937	29	24	....................................................	....................................................	PUNCT
cblr-2937	30	1	175	175	NUM
cblr-2937	31	1	[	[	X
cblr-2937	31	2	vol	vol	NOUN
cblr-2937	31	3	.	.	NOUN
cblr-2937	31	4	2009	2009	NUM
cblr-2937	31	5	credit	credit	NOUN
cblr-2937	31	6	ra	ra	PROPN
cblr-2937	31	7	ting	ting	PROPN
cblr-2937	31	8	agencies	agencies	PROPN
cblr-2937	31	9	a.	a.	NOUN
cblr-2937	31	10	agency	agency	PROPN
cblr-2937	31	11	as	as	ADP
cblr-2937	31	12	"	"	PUNCT
cblr-2937	31	13	product	product	NOUN
cblr-2937	31	14	gatekeeper	gatekeeper	NOUN
cblr-2937	31	15	"	"	PUNCT
cblr-2937	31	16	.............	.............	PUNCT
cblr-2937	31	17	176	176	NUM
cblr-2937	31	18	b.	b.	PROPN
cblr-2937	31	19	agency	agency	PROPN
cblr-2937	31	20	unable	unable	ADJ
cblr-2937	31	21	to	to	PART
cblr-2937	31	22	rate	rate	VERB
cblr-2937	31	23	with	with	ADP
cblr-2937	31	24	high	high	ADJ
cblr-2937	31	25	quality	quality	NOUN
cblr-2937	31	26	without	without	ADP
cblr-2937	31	27	entering	enter	VERB
cblr-2937	31	28	........................	........................	PUNCT
cblr-2937	31	29	178	178	NUM
cblr-2937	31	30	c.	c.	NOUN
cblr-2937	31	31	reputational	reputational	ADJ
cblr-2937	31	32	barriers	barrier	NOUN
cblr-2937	31	33	to	to	ADP
cblr-2937	31	34	entry	entry	NOUN
cblr-2937	31	35	...............	...............	PUNCT
cblr-2937	31	36	179	179	NUM
cblr-2937	31	37	d.	d.	PROPN
cblr-2937	31	38	delay	delay	NOUN
cblr-2937	31	39	cost	cost	PROPN
cblr-2937	31	40	:	:	PUNCT
cblr-2937	31	41	time	time	NOUN
cblr-2937	31	42	value	value	NOUN
cblr-2937	31	43	of	of	ADP
cblr-2937	31	44	money	money	NOUN
cblr-2937	31	45	...........	...........	PUNCT
cblr-2937	31	46	180	180	NUM
cblr-2937	31	47	v.	v.	ADP
cblr-2937	31	48	a	a	DET
cblr-2937	31	49	"	"	PUNCT
cblr-2937	31	50	disclose	disclose	VERB
cblr-2937	31	51	or	or	CCONJ
cblr-2937	31	52	disgorge	disgorge	VERB
cblr-2937	31	53	"	"	PUNCT
cblr-2937	31	54	solution	solution	NOUN
cblr-2937	31	55	for	for	ADP
cblr-2937	31	56	ratings	rating	NOUN
cblr-2937	31	57	on	on	ADP
cblr-2937	31	58	novel	novel	ADJ
cblr-2937	31	59	financial	financial	ADJ
cblr-2937	31	60	products	product	NOUN
cblr-2937	31	61	...........................................	...........................................	PUNCT
cblr-2937	31	62	181	181	NUM
cblr-2937	31	63	a.	a.	NOUN
cblr-2937	31	64	the	the	DET
cblr-2937	31	65	"	"	PUNCT
cblr-2937	31	66	disclose	disclose	VERB
cblr-2937	31	67	or	or	CCONJ
cblr-2937	31	68	disgorge	disgorge	VERB
cblr-2937	31	69	"	"	PUNCT
cblr-2937	31	70	approach	approach	NOUN
cblr-2937	31	71	to	to	ADP
cblr-2937	31	72	novel	novel	ADJ
cblr-2937	31	73	product	product	NOUN
cblr-2937	31	74	rating	rating	NOUN
cblr-2937	31	75	.....................................................	.....................................................	PUNCT
cblr-2937	31	76	182	182	NUM
cblr-2937	31	77	b.	b.	PROPN
cblr-2937	31	78	first	first	PROPN
cblr-2937	31	79	amendment	amendment	NOUN
cblr-2937	31	80	concerns	concern	NOUN
cblr-2937	31	81	should	should	AUX
cblr-2937	31	82	not	not	PART
cblr-2937	31	83	foreclose	foreclose	VERB
cblr-2937	31	84	consideration	consideration	NOUN
cblr-2937	31	85	of	of	ADP
cblr-2937	31	86	"	"	PUNCT
cblr-2937	31	87	disclose	disclose	VERB
cblr-2937	31	88	or	or	CCONJ
cblr-2937	31	89	d	d	NOUN
cblr-2937	31	90	isgorge	isgorge	NOUN
cblr-2937	31	91	"	"	PUNCT
cblr-2937	31	92	.	.	PUNCT
cblr-2937	32	1	.............................................................	.............................................................	PUNCT
cblr-2937	33	1	183	183	NUM
cblr-2937	33	2	c.	c.	NOUN
cblr-2937	33	3	comparison	comparison	NOUN
cblr-2937	33	4	of	of	ADP
cblr-2937	33	5	"	"	PUNCT
cblr-2937	33	6	disclose	disclose	VERB
cblr-2937	33	7	or	or	CCONJ
cblr-2937	33	8	disgorge	disgorge	VERB
cblr-2937	33	9	"	"	PUNCT
cblr-2937	33	10	to	to	PART
cblr-2937	33	11	alternative	alternative	VERB
cblr-2937	33	12	regulatory	regulatory	ADJ
cblr-2937	33	13	regimes	regime	NOUN
cblr-2937	33	14	.........................	.........................	PUNCT
cblr-2937	33	15	188	188	NUM
cblr-2937	33	16	1	1	NUM
cblr-2937	33	17	.	.	PUNCT
cblr-2937	34	1	d	d	X
cblr-2937	34	2	o	o	NOUN
cblr-2937	34	3	n	n	ADP
cblr-2937	34	4	othing	othe	VERB
cblr-2937	34	5	......................................................	......................................................	PUNCT
cblr-2937	34	6	188	188	NUM
cblr-2937	34	7	2	2	NUM
cblr-2937	34	8	.	.	PUNCT
cblr-2937	34	9	fraud	fraud	NOUN
cblr-2937	34	10	liability	liability	NOUN
cblr-2937	34	11	...............................................	...............................................	PUNCT
cblr-2937	35	1	190	190	NUM
cblr-2937	35	2	3	3	NUM
cblr-2937	35	3	.	.	PUNCT
cblr-2937	35	4	n	n	AUX
cblr-2937	35	5	egligence	egligence	VERB
cblr-2937	35	6	liability	liability	NOUN
cblr-2937	35	7	.......................................	.......................................	PUNCT
cblr-2937	35	8	195	195	NUM
cblr-2937	35	9	4	4	NUM
cblr-2937	35	10	.	.	PUNCT
cblr-2937	35	11	gatekeeper	gatekeeper	NOUN
cblr-2937	35	12	liability	liability	NOUN
cblr-2937	35	13	......................................	......................................	PUNCT
cblr-2937	35	14	197	197	NUM
cblr-2937	35	15	5	5	NUM
cblr-2937	35	16	.	.	PUNCT
cblr-2937	36	1	"	"	PUNCT
cblr-2937	36	2	prior	prior	ADJ
cblr-2937	36	3	restraint	restraint	NOUN
cblr-2937	36	4	"	"	PUNCT
cblr-2937	36	5	of	of	ADP
cblr-2937	36	6	low	low	ADJ
cblr-2937	36	7	-	-	PUNCT
cblr-2937	36	8	quality	quality	NOUN
cblr-2937	36	9	ratings	rating	NOUN
cblr-2937	36	10	.....	.....	PUNCT
cblr-2937	36	11	199	199	NUM
cblr-2937	36	12	d.	d.	NOUN
cblr-2937	36	13	the	the	DET
cblr-2937	36	14	minimum	minimum	ADJ
cblr-2937	36	15	quality	quality	NOUN
cblr-2937	36	16	level	level	NOUN
cblr-2937	36	17	...............................	...............................	PUNCT
cblr-2937	36	18	200	200	NUM
cblr-2937	36	19	1	1	NUM
cblr-2937	36	20	.	.	PUNCT
cblr-2937	36	21	measures	measure	NOUN
cblr-2937	36	22	of	of	ADP
cblr-2937	36	23	rating	rating	NOUN
cblr-2937	36	24	quality	quality	NOUN
cblr-2937	36	25	...........................	...........................	PUNCT
cblr-2937	36	26	201	201	NUM
cblr-2937	36	27	2	2	NUM
cblr-2937	36	28	.	.	PUNCT
cblr-2937	36	29	setting	set	VERB
cblr-2937	36	30	the	the	DET
cblr-2937	36	31	minimum	minimum	ADJ
cblr-2937	36	32	quality	quality	NOUN
cblr-2937	36	33	.......................	.......................	PUNCT
cblr-2937	36	34	204	204	NUM
cblr-2937	36	35	3	3	NUM
cblr-2937	36	36	.	.	PUNCT
cblr-2937	36	37	applying	apply	VERB
cblr-2937	36	38	the	the	DET
cblr-2937	36	39	minimum	minimum	ADJ
cblr-2937	36	40	quality	quality	NOUN
cblr-2937	36	41	level	level	NOUN
cblr-2937	36	42	..........	..........	PUNCT
cblr-2937	36	43	205	205	NUM
cblr-2937	36	44	e.	e.	NOUN
cblr-2937	36	45	implementing	implement	VERB
cblr-2937	36	46	"	"	PUNCT
cblr-2937	36	47	disclose	disclose	VERB
cblr-2937	36	48	or	or	CCONJ
cblr-2937	36	49	disgorge	disgorge	VERB
cblr-2937	36	50	"	"	PUNCT
cblr-2937	36	51	..............	..............	PUNCT
cblr-2937	37	1	206	206	NUM
cblr-2937	37	2	1	1	NUM
cblr-2937	37	3	.	.	PUNCT
cblr-2937	37	4	general	general	ADJ
cblr-2937	37	5	implementation	implementation	NOUN
cblr-2937	37	6	issues	issue	NOUN
cblr-2937	37	7	....................	....................	PUNCT
cblr-2937	38	1	206	206	NUM
cblr-2937	38	2	2	2	NUM
cblr-2937	38	3	.	.	PUNCT
cblr-2937	38	4	specific	specific	ADJ
cblr-2937	38	5	methods	method	NOUN
cblr-2937	38	6	of	of	ADP
cblr-2937	38	7	implementation	implementation	NOUN
cblr-2937	38	8	.............	.............	PUNCT
cblr-2937	38	9	207	207	NUM
cblr-2937	38	10	a.	a.	NOUN
cblr-2937	38	11	liability	liability	NOUN
cblr-2937	38	12	rule	rule	NOUN
cblr-2937	38	13	............................................	............................................	PUNCT
cblr-2937	38	14	207	207	NUM
cblr-2937	38	15	b.	b.	PROPN
cblr-2937	38	16	administrative	administrative	ADJ
cblr-2937	38	17	system	system	NOUN
cblr-2937	38	18	.............................	.............................	PUNCT
cblr-2937	38	19	208	208	NUM
cblr-2937	38	20	c.	c.	NOUN
cblr-2937	38	21	contracting	contracting	NOUN
cblr-2937	38	22	...............................................	...............................................	PUNCT
cblr-2937	38	23	208	208	NUM
cblr-2937	38	24	v	v	NUM
cblr-2937	38	25	i.	i.	NOUN
cblr-2937	38	26	c	c	PROPN
cblr-2937	38	27	onclusion	onclusion	NOUN
cblr-2937	38	28	..................................................................	..................................................................	PUNCT
cblr-2937	38	29	209	209	NUM
cblr-2937	38	30	the	the	DET
cblr-2937	38	31	"	"	PUNCT
cblr-2937	38	32	worldwide	worldwide	ADJ
cblr-2937	38	33	credit	credit	NOUN
cblr-2937	38	34	crisis	crisis	NOUN
cblr-2937	38	35	"	"	PUNCT
cblr-2937	38	36	has	have	AUX
cblr-2937	38	37	thrust	thrust	VERB
cblr-2937	38	38	credit	credit	NOUN
cblr-2937	38	39	rating	rating	NOUN
cblr-2937	38	40	agencies	agency	NOUN
cblr-2937	38	41	into	into	ADP
cblr-2937	38	42	the	the	DET
cblr-2937	38	43	spotlight	spotlight	NOUN
cblr-2937	38	44	,	,	PUNCT
cblr-2937	38	45	with	with	ADP
cblr-2937	38	46	attention	attention	NOUN
cblr-2937	38	47	focused	focus	VERB
cblr-2937	38	48	on	on	ADP
cblr-2937	38	49	their	their	PRON
cblr-2937	38	50	ratings	rating	NOUN
cblr-2937	38	51	of	of	ADP
cblr-2937	38	52	novel	novel	ADJ
cblr-2937	38	53	structured	structure	VERB
cblr-2937	38	54	finance	finance	NOUN
cblr-2937	38	55	products	product	NOUN
cblr-2937	38	56	.	.	PUNCT
cblr-2937	39	1	policymakers	policymaker	NOUN
cblr-2937	39	2	have	have	AUX
cblr-2937	39	3	undertaken	undertake	VERB
cblr-2937	39	4	a	a	DET
cblr-2937	39	5	number	number	NOUN
cblr-2937	39	6	of	of	ADP
cblr-2937	39	7	initiatives	initiative	NOUN
cblr-2937	39	8	intended	intend	VERB
cblr-2937	39	9	to	to	PART
cblr-2937	39	10	address	address	VERB
cblr-2937	39	11	perceived	perceive	VERB
cblr-2937	39	12	problems	problem	NOUN
cblr-2937	39	13	with	with	ADP
cblr-2937	39	14	such	such	ADJ
cblr-2937	39	15	ratings	rating	NOUN
cblr-2937	39	16	-	-	PUNCT
cblr-2937	39	17	enhancing	enhance	VERB
cblr-2937	39	18	competition	competition	NOUN
cblr-2937	39	19	,	,	PUNCT
cblr-2937	39	20	promoting	promote	VERB
cblr-2937	39	21	transparency	transparency	NOUN
cblr-2937	39	22	,	,	PUNCT
cblr-2937	39	23	reducing	reduce	VERB
cblr-2937	39	24	conflicts	conflict	NOUN
cblr-2937	39	25	of	of	ADP
cblr-2937	39	26	interest	interest	NOUN
cblr-2937	39	27	,	,	PUNCT
cblr-2937	39	28	and	and	CCONJ
cblr-2937	39	29	reducing	reduce	VERB
cblr-2937	39	30	ratings	rating	NOUN
cblr-2937	39	31	-	-	PUNCT
cblr-2937	39	32	dependent	dependent	ADJ
cblr-2937	39	33	regulation	regulation	NOUN
cblr-2937	39	34	.	.	PUNCT
cblr-2937	40	1	these	these	DET
cblr-2937	40	2	approaches	approach	NOUN
cblr-2937	40	3	are	be	AUX
cblr-2937	40	4	all	all	PRON
cblr-2937	40	5	broadly	broadly	ADV
cblr-2937	40	6	consistent	consistent	ADJ
cblr-2937	40	7	with	with	ADP
cblr-2937	40	8	the	the	DET
cblr-2937	40	9	dominant	dominant	ADJ
cblr-2937	40	10	no	no	NOUN
cblr-2937	40	11	.	.	PUNCT
cblr-2937	41	1	1:109	1:109	NUM
cblr-2937	41	2	]	]	X
cblr-2937	41	3	academic	academic	ADJ
cblr-2937	41	4	theory	theory	NOUN
cblr-2937	41	5	of	of	ADP
cblr-2937	41	6	rating	rating	NOUN
cblr-2937	41	7	agencies	agency	NOUN
cblr-2937	41	8	,	,	PUNCT
cblr-2937	41	9	the	the	DET
cblr-2937	41	10	"	"	PUNCT
cblr-2937	41	11	reputational	reputational	ADJ
cblr-2937	41	12	-	-	PUNCT
cblr-2937	41	13	capital	capital	NOUN
cblr-2937	41	14	"	"	PUNCT
cblr-2937	41	15	model	model	NOUN
cblr-2937	41	16	,	,	PUNCT
cblr-2937	41	17	which	which	PRON
cblr-2937	41	18	is	be	AUX
cblr-2937	41	19	taken	take	VERB
cblr-2937	41	20	to	to	PART
cblr-2937	41	21	imply	imply	VERB
cblr-2937	41	22	that	that	SCONJ
cblr-2937	41	23	under	under	ADP
cblr-2937	41	24	the	the	DET
cblr-2937	41	25	right	right	ADJ
cblr-2937	41	26	circumstances	circumstance	NOUN
cblr-2937	41	27	a	a	DET
cblr-2937	41	28	well	well	ADV
cblr-2937	41	29	-	-	PUNCT
cblr-2937	41	30	functioning	function	VERB
cblr-2937	41	31	reputation	reputation	NOUN
cblr-2937	41	32	mechanism	mechanism	NOUN
cblr-2937	41	33	will	will	AUX
cblr-2937	41	34	deter	deter	VERB
cblr-2937	41	35	low	low	ADJ
cblr-2937	41	36	-	-	PUNCT
cblr-2937	41	37	quality	quality	NOUN
cblr-2937	41	38	ratings	rating	NOUN
cblr-2937	41	39	.	.	PUNCT
cblr-2937	42	1	the	the	DET
cblr-2937	42	2	policy	policy	NOUN
cblr-2937	42	3	initiatives	initiative	NOUN
cblr-2937	42	4	currently	currently	ADV
cblr-2937	42	5	under	under	ADP
cblr-2937	42	6	consideration	consideration	NOUN
cblr-2937	42	7	can	can	AUX
cblr-2937	42	8	be	be	AUX
cblr-2937	42	9	seen	see	VERB
cblr-2937	42	10	as	as	ADP
cblr-2937	42	11	efforts	effort	NOUN
cblr-2937	42	12	to	to	PART
cblr-2937	42	13	fix	fix	VERB
cblr-2937	42	14	discrete	discrete	ADJ
cblr-2937	42	15	problems	problem	NOUN
cblr-2937	42	16	with	with	ADP
cblr-2937	42	17	the	the	DET
cblr-2937	42	18	rating	rating	NOUN
cblr-2937	42	19	market	market	NOUN
cblr-2937	42	20	so	so	SCONJ
cblr-2937	42	21	that	that	SCONJ
cblr-2937	42	22	the	the	DET
cblr-2937	42	23	reputation	reputation	NOUN
cblr-2937	42	24	mechanism	mechanism	NOUN
cblr-2937	42	25	can	can	AUX
cblr-2937	42	26	work	work	VERB
cblr-2937	42	27	properly	properly	ADV
cblr-2937	42	28	.	.	PUNCT
cblr-2937	43	1	this	this	DET
cblr-2937	43	2	article	article	NOUN
cblr-2937	43	3	argues	argue	VERB
cblr-2937	43	4	that	that	SCONJ
cblr-2937	43	5	these	these	DET
cblr-2937	43	6	efforts	effort	NOUN
cblr-2937	43	7	are	be	AUX
cblr-2937	43	8	fundamentally	fundamentally	ADV
cblr-2937	43	9	incomplete	incomplete	ADJ
cblr-2937	43	10	,	,	PUNCT
cblr-2937	43	11	because	because	SCONJ
cblr-2937	43	12	even	even	ADV
cblr-2937	43	13	a	a	DET
cblr-2937	43	14	well	well	ADV
cblr-2937	43	15	-	-	PUNCT
cblr-2937	43	16	functioning	function	VERB
cblr-2937	43	17	reputation	reputation	NOUN
cblr-2937	43	18	mechanism	mechanism	NOUN
cblr-2937	43	19	does	do	AUX
cblr-2937	43	20	not	not	PART
cblr-2937	43	21	generate	generate	VERB
cblr-2937	43	22	optimum	optimum	ADJ
cblr-2937	43	23	rating	rating	NOUN
cblr-2937	43	24	quality	quality	NOUN
cblr-2937	43	25	on	on	ADP
cblr-2937	43	26	new	new	ADJ
cblr-2937	43	27	products	product	NOUN
cblr-2937	43	28	:	:	PUNCT
cblr-2937	43	29	when	when	SCONJ
cblr-2937	43	30	a	a	DET
cblr-2937	43	31	new	new	ADJ
cblr-2937	43	32	product	product	NOUN
cblr-2937	43	33	is	be	AUX
cblr-2937	43	34	introduced	introduce	VERB
cblr-2937	43	35	,	,	PUNCT
cblr-2937	43	36	agencies	agency	NOUN
cblr-2937	43	37	do	do	AUX
cblr-2937	43	38	not	not	PART
cblr-2937	43	39	have	have	VERB
cblr-2937	43	40	a	a	DET
cblr-2937	43	41	reputation	reputation	NOUN
cblr-2937	43	42	for	for	ADP
cblr-2937	43	43	high	high	ADJ
cblr-2937	43	44	quality	quality	NOUN
cblr-2937	43	45	in	in	ADP
cblr-2937	43	46	that	that	DET
cblr-2937	43	47	product	product	NOUN
cblr-2937	43	48	so	so	SCONJ
cblr-2937	43	49	they	they	PRON
cblr-2937	43	50	have	have	VERB
cblr-2937	43	51	nothing	nothing	PRON
cblr-2937	43	52	to	to	PART
cblr-2937	43	53	lose	lose	VERB
cblr-2937	43	54	from	from	ADP
cblr-2937	43	55	issuing	issue	VERB
cblr-2937	43	56	the	the	DET
cblr-2937	43	57	rating	rating	NOUN
cblr-2937	43	58	.	.	PUNCT
cblr-2937	44	1	even	even	ADV
cblr-2937	44	2	if	if	SCONJ
cblr-2937	44	3	low	low	ADJ
cblr-2937	44	4	quality	quality	NOUN
cblr-2937	44	5	for	for	ADP
cblr-2937	44	6	a	a	DET
cblr-2937	44	7	specific	specific	ADJ
cblr-2937	44	8	product	product	NOUN
cblr-2937	44	9	type	type	NOUN
cblr-2937	44	10	harms	harm	VERB
cblr-2937	44	11	the	the	DET
cblr-2937	44	12	agency	agency	NOUN
cblr-2937	44	13	's	's	PART
cblr-2937	44	14	reputation	reputation	NOUN
cblr-2937	44	15	for	for	ADP
cblr-2937	44	16	rating	rate	VERB
cblr-2937	44	17	other	other	ADJ
cblr-2937	44	18	product	product	NOUN
cblr-2937	44	19	types	type	NOUN
cblr-2937	44	20	,	,	PUNCT
cblr-2937	44	21	the	the	DET
cblr-2937	44	22	agency	agency	NOUN
cblr-2937	44	23	still	still	ADV
cblr-2937	44	24	will	will	AUX
cblr-2937	44	25	be	be	AUX
cblr-2937	44	26	induced	induce	VERB
cblr-2937	44	27	to	to	PART
cblr-2937	44	28	issue	issue	VERB
cblr-2937	44	29	low	low	ADJ
cblr-2937	44	30	-	-	PUNCT
cblr-2937	44	31	quality	quality	NOUN
cblr-2937	44	32	ratings	rating	NOUN
cblr-2937	44	33	if	if	SCONJ
cblr-2937	44	34	the	the	DET
cblr-2937	44	35	new	new	ADJ
cblr-2937	44	36	product	product	NOUN
cblr-2937	44	37	type	type	NOUN
cblr-2937	44	38	in	in	ADP
cblr-2937	44	39	question	question	NOUN
cblr-2937	44	40	is	be	AUX
cblr-2937	44	41	large	large	ADJ
cblr-2937	44	42	enough	enough	ADV
cblr-2937	44	43	in	in	ADP
cblr-2937	44	44	volume	volume	NOUN
cblr-2937	44	45	.	.	PUNCT
cblr-2937	45	1	and	and	CCONJ
cblr-2937	45	2	as	as	ADV
cblr-2937	45	3	long	long	ADV
cblr-2937	45	4	as	as	SCONJ
cblr-2937	45	5	rating	rating	NOUN
cblr-2937	45	6	quality	quality	NOUN
cblr-2937	45	7	across	across	ADP
cblr-2937	45	8	new	new	ADJ
cblr-2937	45	9	product	product	NOUN
cblr-2937	45	10	types	type	NOUN
cblr-2937	45	11	is	be	AUX
cblr-2937	45	12	high	high	ADJ
cblr-2937	45	13	enough	enough	ADV
cblr-2937	45	14	on	on	ADP
cblr-2937	45	15	average	average	ADJ
cblr-2937	45	16	,	,	PUNCT
cblr-2937	45	17	it	it	PRON
cblr-2937	45	18	is	be	AUX
cblr-2937	45	19	rational	rational	ADJ
cblr-2937	45	20	for	for	SCONJ
cblr-2937	45	21	investors	investor	NOUN
cblr-2937	45	22	to	to	PART
cblr-2937	45	23	rely	rely	VERB
cblr-2937	45	24	on	on	ADP
cblr-2937	45	25	new	new	ADJ
cblr-2937	45	26	-	-	PUNCT
cblr-2937	45	27	product	product	NOUN
cblr-2937	45	28	ratings	rating	NOUN
cblr-2937	45	29	even	even	ADV
cblr-2937	45	30	if	if	SCONJ
cblr-2937	45	31	they	they	PRON
cblr-2937	45	32	know	know	VERB
cblr-2937	45	33	that	that	SCONJ
cblr-2937	45	34	some	some	PRON
cblr-2937	45	35	are	be	AUX
cblr-2937	45	36	of	of	ADP
cblr-2937	45	37	low	low	ADJ
cblr-2937	45	38	quality	quality	NOUN
cblr-2937	45	39	.	.	PUNCT
cblr-2937	46	1	the	the	DET
cblr-2937	46	2	incentive	incentive	NOUN
cblr-2937	46	3	problem	problem	NOUN
cblr-2937	46	4	can	can	AUX
cblr-2937	46	5	be	be	AUX
cblr-2937	46	6	corrected	correct	VERB
cblr-2937	46	7	by	by	ADP
cblr-2937	46	8	requiring	require	VERB
cblr-2937	46	9	an	an	DET
cblr-2937	46	10	agency	agency	NOUN
cblr-2937	46	11	to	to	PART
cblr-2937	46	12	disgorge	disgorge	VERB
cblr-2937	46	13	profits	profit	NOUN
cblr-2937	46	14	on	on	ADP
cblr-2937	46	15	ratings	rating	NOUN
cblr-2937	46	16	that	that	PRON
cblr-2937	46	17	are	be	AUX
cblr-2937	46	18	revealed	reveal	VERB
cblr-2937	46	19	to	to	PART
cblr-2937	46	20	be	be	AUX
cblr-2937	46	21	of	of	ADP
cblr-2937	46	22	low	low	ADJ
cblr-2937	46	23	quality	quality	NOUN
cblr-2937	46	24	by	by	ADP
cblr-2937	46	25	the	the	DET
cblr-2937	46	26	performance	performance	NOUN
cblr-2937	46	27	of	of	ADP
cblr-2937	46	28	the	the	DET
cblr-2937	46	29	product	product	NOUN
cblr-2937	46	30	type	type	NOUN
cblr-2937	46	31	over	over	ADP
cblr-2937	46	32	time	time	NOUN
cblr-2937	46	33	,	,	PUNCT
cblr-2937	46	34	unless	unless	SCONJ
cblr-2937	46	35	the	the	DET
cblr-2937	46	36	agency	agency	NOUN
cblr-2937	46	37	discloses	disclose	VERB
cblr-2937	46	38	that	that	SCONJ
cblr-2937	46	39	the	the	DET
cblr-2937	46	40	ratings	rating	NOUN
cblr-2937	46	41	are	be	AUX
cblr-2937	46	42	of	of	ADP
cblr-2937	46	43	low	low	ADJ
cblr-2937	46	44	quality	quality	NOUN
cblr-2937	46	45	.	.	PUNCT
cblr-2937	47	1	such	such	DET
cblr-2937	47	2	a	a	DET
cblr-2937	47	3	system	system	NOUN
cblr-2937	47	4	would	would	AUX
cblr-2937	47	5	be	be	AUX
cblr-2937	47	6	superior	superior	ADJ
cblr-2937	47	7	both	both	PRON
cblr-2937	47	8	to	to	ADP
cblr-2937	47	9	the	the	DET
cblr-2937	47	10	current	current	ADJ
cblr-2937	47	11	regime	regime	NOUN
cblr-2937	47	12	,	,	PUNCT
cblr-2937	47	13	which	which	PRON
cblr-2937	47	14	relies	rely	VERB
cblr-2937	47	15	on	on	ADP
cblr-2937	47	16	market	market	NOUN
cblr-2937	47	17	forces	force	NOUN
cblr-2937	47	18	backed	back	VERB
cblr-2937	47	19	by	by	ADP
cblr-2937	47	20	antifraud	antifraud	PROPN
cblr-2937	47	21	rules	rule	NOUN
cblr-2937	47	22	,	,	PUNCT
cblr-2937	47	23	and	and	CCONJ
cblr-2937	47	24	to	to	ADP
cblr-2937	47	25	other	other	ADJ
cblr-2937	47	26	alternatives	alternative	NOUN
cblr-2937	47	27	,	,	PUNCT
cblr-2937	47	28	such	such	ADJ
cblr-2937	47	29	as	as	ADP
cblr-2937	47	30	the	the	DET
cblr-2937	47	31	recent	recent	ADJ
cblr-2937	47	32	proposal	proposal	NOUN
cblr-2937	47	33	to	to	PART
cblr-2937	47	34	forbid	forbid	VERB
cblr-2937	47	35	new	new	ADJ
cblr-2937	47	36	-	-	PUNCT
cblr-2937	47	37	product	product	NOUN
cblr-2937	47	38	ratings	rating	NOUN
cblr-2937	47	39	absent	absent	ADJ
cblr-2937	47	40	prior	prior	ADV
cblr-2937	47	41	sec	sec	PROPN
cblr-2937	47	42	approval	approval	NOUN
cblr-2937	47	43	of	of	ADP
cblr-2937	47	44	the	the	DET
cblr-2937	47	45	products	product	NOUN
cblr-2937	47	46	.	.	PUNCT
cblr-2937	48	1	i.	i.	PROPN
cblr-2937	48	2	introduction	introduction	NOUN
cblr-2937	48	3	the	the	DET
cblr-2937	48	4	"	"	PUNCT
cblr-2937	48	5	worldwide	worldwide	ADJ
cblr-2937	48	6	credit	credit	NOUN
cblr-2937	48	7	crisis	crisis	NOUN
cblr-2937	48	8	"	"	PUNCT
cblr-2937	48	9	that	that	PRON
cblr-2937	48	10	began	begin	VERB
cblr-2937	48	11	in	in	ADP
cblr-2937	48	12	2007	2007	NUM
cblr-2937	48	13	has	have	AUX
cblr-2937	48	14	focused	focus	VERB
cblr-2937	48	15	attention	attention	NOUN
cblr-2937	48	16	on	on	ADP
cblr-2937	48	17	credit	credit	NOUN
cblr-2937	48	18	rating	rating	NOUN
cblr-2937	48	19	agencies	agency	NOUN
cblr-2937	48	20	,	,	PUNCT
cblr-2937	48	21	with	with	ADP
cblr-2937	48	22	many	many	ADJ
cblr-2937	48	23	observers	observer	NOUN
cblr-2937	48	24	arguing	argue	VERB
cblr-2937	48	25	that	that	SCONJ
cblr-2937	48	26	undeserved	undeserved	ADJ
cblr-2937	48	27	high	high	ADJ
cblr-2937	48	28	credit	credit	NOUN
cblr-2937	48	29	ratings	rating	NOUN
cblr-2937	48	30	on	on	ADP
cblr-2937	48	31	novel	novel	ADJ
cblr-2937	48	32	financial	financial	ADJ
cblr-2937	48	33	products	product	NOUN
cblr-2937	48	34	contributed	contribute	VERB
cblr-2937	48	35	materially	materially	ADV
cblr-2937	48	36	to	to	ADP
cblr-2937	48	37	the	the	DET
cblr-2937	48	38	turmoil	turmoil	NOUN
cblr-2937	48	39	.	.	PUNCT
cblr-2937	49	1	a	a	DET
cblr-2937	49	2	welter	welter	NOUN
cblr-2937	49	3	of	of	ADP
cblr-2937	49	4	regulatory	regulatory	ADJ
cblr-2937	49	5	reports	report	NOUN
cblr-2937	49	6	on	on	ADP
cblr-2937	49	7	the	the	DET
cblr-2937	49	8	crisis	crisis	NOUN
cblr-2937	49	9	assert	assert	VERB
cblr-2937	49	10	that	that	SCONJ
cblr-2937	49	11	high	high	ADJ
cblr-2937	49	12	credit	credit	NOUN
cblr-2937	49	13	ratings	rating	NOUN
cblr-2937	49	14	on	on	ADP
cblr-2937	49	15	novel	novel	ADJ
cblr-2937	49	16	financial	financial	ADJ
cblr-2937	49	17	instruments	instrument	NOUN
cblr-2937	49	18	helped	helped	AUX
cblr-2937	49	19	induce	induce	VERB
cblr-2937	49	20	investors	investor	NOUN
cblr-2937	49	21	to	to	PART
cblr-2937	49	22	purchase	purchase	VERB
cblr-2937	49	23	these	these	DET
cblr-2937	49	24	instruments	instrument	NOUN
cblr-2937	49	25	.	.	PUNCT
cblr-2937	50	1	when	when	SCONJ
cblr-2937	50	2	the	the	DET
cblr-2937	50	3	instruments	instrument	NOUN
cblr-2937	50	4	started	start	VERB
cblr-2937	50	5	to	to	PART
cblr-2937	50	6	appear	appear	VERB
cblr-2937	50	7	much	much	ADV
cblr-2937	50	8	riskier	risky	ADJ
cblr-2937	50	9	than	than	ADP
cblr-2937	50	10	col	col	PROPN
cblr-2937	50	11	umia	umia	PROPN
cblr-2937	50	12	b	b	PROPN
cblr-2937	50	13	usiness	usiness	PROPN
cblr-2937	50	14	la	la	PROPN
cblr-2937	50	15	w	w	PROPN
cblr-2937	50	16	re	re	PROPN
cblr-2937	50	17	vie	vie	PROPN
cblr-2937	50	18	w	w	PROPN
cblr-2937	51	1	[	[	X
cblr-2937	51	2	vol	vol	NOUN
cblr-2937	51	3	.	.	NOUN
cblr-2937	51	4	2009	2009	NUM
cblr-2937	51	5	credit	credit	NOUN
cblr-2937	51	6	rating	rating	NOUN
cblr-2937	51	7	agencies	agency	NOUN
cblr-2937	51	8	traditional	traditional	ADJ
cblr-2937	51	9	investments	investment	NOUN
cblr-2937	51	10	carrying	carry	VERB
cblr-2937	51	11	similar	similar	ADJ
cblr-2937	51	12	ratings	rating	NOUN
cblr-2937	51	13	,	,	PUNCT
cblr-2937	51	14	investors	investor	NOUN
cblr-2937	51	15	lost	lose	VERB
cblr-2937	51	16	confidence	confidence	NOUN
cblr-2937	51	17	in	in	ADP
cblr-2937	51	18	the	the	DET
cblr-2937	51	19	ratings	rating	NOUN
cblr-2937	51	20	and	and	CCONJ
cblr-2937	51	21	the	the	DET
cblr-2937	51	22	novel	novel	NOUN
cblr-2937	51	23	instruments	instrument	NOUN
cblr-2937	51	24	themselves	themselves	PRON
cblr-2937	51	25	,	,	PUNCT
cblr-2937	51	26	leading	lead	VERB
cblr-2937	51	27	markets	market	NOUN
cblr-2937	51	28	for	for	ADP
cblr-2937	51	29	the	the	DET
cblr-2937	51	30	products	product	NOUN
cblr-2937	51	31	to	to	PART
cblr-2937	51	32	seize	seize	VERB
cblr-2937	51	33	up	up	ADP
cblr-2937	51	34	and	and	CCONJ
cblr-2937	51	35	thus	thus	ADV
cblr-2937	51	36	triggering	trigger	VERB
cblr-2937	51	37	severe	severe	ADJ
cblr-2937	51	38	adverse	adverse	ADJ
cblr-2937	51	39	consequences	consequence	NOUN
cblr-2937	51	40	for	for	ADP
cblr-2937	51	41	the	the	DET
cblr-2937	51	42	global	global	ADJ
cblr-2937	51	43	financial	financial	ADJ
cblr-2937	51	44	system	system	NOUN
cblr-2937	51	45	.	.	PUNCT
cblr-2937	52	1	whether	whether	SCONJ
cblr-2937	52	2	this	this	DET
cblr-2937	52	3	view	view	NOUN
cblr-2937	52	4	is	be	AUX
cblr-2937	52	5	accurate	accurate	ADJ
cblr-2937	52	6	or	or	CCONJ
cblr-2937	52	7	not	not	PART
cblr-2937	52	8	,	,	PUNCT
cblr-2937	52	9	it	it	PRON
cblr-2937	52	10	highlights	highlight	VERB
cblr-2937	52	11	the	the	DET
cblr-2937	52	12	potential	potential	ADJ
cblr-2937	52	13	importance	importance	NOUN
cblr-2937	52	14	of	of	ADP
cblr-2937	52	15	credit	credit	NOUN
cblr-2937	52	16	rating	rating	NOUN
cblr-2937	52	17	quality	quality	NOUN
cblr-2937	52	18	and	and	CCONJ
cblr-2937	52	19	raises	raise	VERB
cblr-2937	52	20	the	the	DET
cblr-2937	52	21	question	question	NOUN
cblr-2937	52	22	whether	whether	SCONJ
cblr-2937	52	23	the	the	DET
cblr-2937	52	24	agencies	agency	NOUN
cblr-2937	52	25	have	have	AUX
cblr-2937	52	26	the	the	DET
cblr-2937	52	27	right	right	ADJ
cblr-2937	52	28	incentives	incentive	NOUN
cblr-2937	52	29	to	to	PART
cblr-2937	52	30	produce	produce	VERB
cblr-2937	52	31	high	high	ADJ
cblr-2937	52	32	-	-	PUNCT
cblr-2937	52	33	quality	quality	NOUN
cblr-2937	52	34	ratings	rating	NOUN
cblr-2937	52	35	.	.	PUNCT
cblr-2937	53	1	the	the	DET
cblr-2937	53	2	dominant	dominant	ADJ
cblr-2937	53	3	view	view	NOUN
cblr-2937	53	4	of	of	ADP
cblr-2937	53	5	rating	rating	NOUN
cblr-2937	53	6	quality	quality	NOUN
cblr-2937	53	7	in	in	ADP
cblr-2937	53	8	the	the	DET
cblr-2937	53	9	legal	legal	ADJ
cblr-2937	53	10	literature	literature	NOUN
cblr-2937	53	11	and	and	CCONJ
cblr-2937	53	12	among	among	ADP
cblr-2937	53	13	policymakers	policymaker	NOUN
cblr-2937	53	14	comes	come	VERB
cblr-2937	53	15	from	from	ADP
cblr-2937	53	16	the	the	DET
cblr-2937	53	17	"	"	PUNCT
cblr-2937	53	18	reputational	reputational	ADJ
cblr-2937	53	19	-	-	PUNCT
cblr-2937	53	20	capital	capital	NOUN
cblr-2937	53	21	"	"	PUNCT
cblr-2937	53	22	model	model	NOUN
cblr-2937	53	23	of	of	ADP
cblr-2937	53	24	rating	rating	NOUN
cblr-2937	53	25	agencies	agency	NOUN
cblr-2937	53	26	,	,	PUNCT
cblr-2937	53	27	which	which	PRON
cblr-2937	53	28	holds	hold	VERB
cblr-2937	53	29	that	that	SCONJ
cblr-2937	53	30	a	a	DET
cblr-2937	53	31	well	well	ADV
cblr-2937	53	32	-	-	PUNCT
cblr-2937	53	33	functioning	function	VERB
cblr-2937	53	34	reputation	reputation	NOUN
cblr-2937	53	35	mechanism	mechanism	NOUN
cblr-2937	53	36	will	will	AUX
cblr-2937	53	37	give	give	VERB
cblr-2937	53	38	rating	rating	NOUN
cblr-2937	53	39	agencies	agency	NOUN
cblr-2937	53	40	optimum	optimum	ADJ
cblr-2937	53	41	incentives	incentive	NOUN
cblr-2937	53	42	for	for	ADP
cblr-2937	53	43	producing	produce	VERB
cblr-2937	53	44	high	high	ADJ
cblr-2937	53	45	-	-	PUNCT
cblr-2937	53	46	quality	quality	NOUN
cblr-2937	53	47	ratings	rating	NOUN
cblr-2937	53	48	.	.	PUNCT
cblr-2937	54	1	the	the	DET
cblr-2937	54	2	underlying	underlying	ADJ
cblr-2937	54	3	idea	idea	NOUN
cblr-2937	54	4	is	be	AUX
cblr-2937	54	5	that	that	SCONJ
cblr-2937	54	6	if	if	SCONJ
cblr-2937	54	7	investors	investor	NOUN
cblr-2937	54	8	determine	determine	VERB
cblr-2937	54	9	that	that	SCONJ
cblr-2937	54	10	a	a	DET
cblr-2937	54	11	rating	rating	NOUN
cblr-2937	54	12	agency	agency	NOUN
cblr-2937	54	13	's	's	PART
cblr-2937	54	14	ratings	rating	NOUN
cblr-2937	54	15	are	be	AUX
cblr-2937	54	16	of	of	ADP
cblr-2937	54	17	low	low	ADJ
cblr-2937	54	18	quality	quality	NOUN
cblr-2937	54	19	,	,	PUNCT
cblr-2937	54	20	they	they	PRON
cblr-2937	54	21	will	will	AUX
cblr-2937	54	22	stop	stop	VERB
cblr-2937	54	23	crediting	credit	VERB
cblr-2937	54	24	the	the	DET
cblr-2937	54	25	ratings	rating	NOUN
cblr-2937	54	26	,	,	PUNCT
cblr-2937	54	27	and	and	CCONJ
cblr-2937	54	28	the	the	DET
cblr-2937	54	29	agency	agency	NOUN
cblr-2937	54	30	's	's	PART
cblr-2937	54	31	business	business	NOUN
cblr-2937	54	32	will	will	AUX
cblr-2937	54	33	lose	lose	VERB
cblr-2937	54	34	value	value	NOUN
cblr-2937	54	35	.	.	PUNCT
cblr-2937	55	1	at	at	ADP
cblr-2937	55	2	the	the	DET
cblr-2937	55	3	same	same	ADJ
cblr-2937	55	4	time	time	NOUN
cblr-2937	55	5	,	,	PUNCT
cblr-2937	55	6	it	it	PRON
cblr-2937	55	7	has	have	AUX
cblr-2937	55	8	been	be	AUX
cblr-2937	55	9	recognized	recognize	VERB
cblr-2937	55	10	that	that	SCONJ
cblr-2937	55	11	real	real	ADJ
cblr-2937	55	12	-	-	PUNCT
cblr-2937	55	13	world	world	NOUN
cblr-2937	55	14	characteristics	characteristic	NOUN
cblr-2937	55	15	of	of	ADP
cblr-2937	55	16	the	the	DET
cblr-2937	55	17	rating	rating	NOUN
cblr-2937	55	18	market	market	NOUN
cblr-2937	55	19	may	may	AUX
cblr-2937	55	20	cause	cause	VERB
cblr-2937	55	21	the	the	DET
cblr-2937	55	22	reputation	reputation	NOUN
cblr-2937	55	23	mechanism	mechanism	NOUN
cblr-2937	55	24	not	not	PART
cblr-2937	55	25	to	to	PART
cblr-2937	55	26	function	function	VERB
cblr-2937	55	27	well	well	ADV
cblr-2937	55	28	.	.	PUNCT
cblr-2937	56	1	for	for	ADP
cblr-2937	56	2	example	example	NOUN
cblr-2937	56	3	,	,	PUNCT
cblr-2937	56	4	academics	academic	NOUN
cblr-2937	56	5	and	and	CCONJ
cblr-2937	56	6	policymakers	policymaker	NOUN
cblr-2937	56	7	have	have	AUX
cblr-2937	56	8	pointed	point	VERB
cblr-2937	56	9	out	out	ADP
cblr-2937	56	10	that	that	SCONJ
cblr-2937	56	11	there	there	PRON
cblr-2937	56	12	may	may	AUX
cblr-2937	56	13	be	be	AUX
cblr-2937	56	14	limited	limited	ADJ
cblr-2937	56	15	competition	competition	NOUN
cblr-2937	56	16	in	in	ADP
cblr-2937	56	17	the	the	DET
cblr-2937	56	18	market	market	NOUN
cblr-2937	56	19	,	,	PUNCT
cblr-2937	56	20	that	that	SCONJ
cblr-2937	56	21	rating	rating	NOUN
cblr-2937	56	22	agencies	agency	NOUN
cblr-2937	56	23	face	face	VERB
cblr-2937	56	24	conflicts	conflict	NOUN
cblr-2937	56	25	of	of	ADP
cblr-2937	56	26	interest	interest	NOUN
cblr-2937	56	27	,	,	PUNCT
cblr-2937	56	28	that	that	SCONJ
cblr-2937	56	29	"	"	PUNCT
cblr-2937	56	30	transparency	transparency	NOUN
cblr-2937	56	31	"	"	PUNCT
cblr-2937	56	32	(	(	PUNCT
cblr-2937	56	33	investors	investor	NOUN
cblr-2937	56	34	'	'	PART
cblr-2937	56	35	ability	ability	NOUN
cblr-2937	56	36	to	to	PART
cblr-2937	56	37	monitor	monitor	VERB
cblr-2937	56	38	rating	rating	NOUN
cblr-2937	56	39	quality	quality	NOUN
cblr-2937	56	40	and	and	CCONJ
cblr-2937	56	41	determine	determine	VERB
cblr-2937	56	42	how	how	SCONJ
cblr-2937	56	43	agencies	agency	NOUN
cblr-2937	56	44	are	be	AUX
cblr-2937	56	45	issuing	issue	VERB
cblr-2937	56	46	ratings	rating	NOUN
cblr-2937	56	47	)	)	PUNCT
cblr-2937	56	48	is	be	AUX
cblr-2937	56	49	limited	limit	VERB
cblr-2937	56	50	,	,	PUNCT
cblr-2937	56	51	and	and	CCONJ
cblr-2937	56	52	that	that	SCONJ
cblr-2937	56	53	demand	demand	NOUN
cblr-2937	56	54	for	for	ADP
cblr-2937	56	55	ratings	rating	NOUN
cblr-2937	56	56	may	may	AUX
cblr-2937	56	57	be	be	AUX
cblr-2937	56	58	artificially	artificially	ADV
cblr-2937	56	59	stimulated	stimulate	VERB
cblr-2937	56	60	because	because	SCONJ
cblr-2937	56	61	of	of	ADP
cblr-2937	56	62	agency	agency	NOUN
cblr-2937	56	63	ratings	rating	NOUN
cblr-2937	56	64	'	'	PART
cblr-2937	56	65	place	place	NOUN
cblr-2937	56	66	in	in	ADP
cblr-2937	56	67	financial	financial	ADJ
cblr-2937	56	68	regulation	regulation	NOUN
cblr-2937	56	69	.	.	PUNCT
cblr-2937	57	1	although	although	SCONJ
cblr-2937	57	2	the	the	DET
cblr-2937	57	3	relative	relative	ADJ
cblr-2937	57	4	importance	importance	NOUN
cblr-2937	57	5	of	of	ADP
cblr-2937	57	6	these	these	DET
cblr-2937	57	7	deviations	deviation	NOUN
cblr-2937	57	8	is	be	AUX
cblr-2937	57	9	debated	debate	VERB
cblr-2937	57	10	-	-	PUNCT
cblr-2937	57	11	many	many	ADJ
cblr-2937	57	12	observers	observer	NOUN
cblr-2937	57	13	think	think	VERB
cblr-2937	57	14	that	that	SCONJ
cblr-2937	57	15	the	the	DET
cblr-2937	57	16	reputation	reputation	NOUN
cblr-2937	57	17	mechanism	mechanism	NOUN
cblr-2937	57	18	functions	function	NOUN
cblr-2937	57	19	well	well	ADV
cblr-2937	57	20	despite	despite	SCONJ
cblr-2937	57	21	their	their	PRON
cblr-2937	57	22	existence	existence	NOUN
cblr-2937	57	23	,	,	PUNCT
cblr-2937	57	24	while	while	SCONJ
cblr-2937	57	25	others	other	NOUN
cblr-2937	57	26	believe	believe	VERB
cblr-2937	57	27	that	that	SCONJ
cblr-2937	57	28	the	the	DET
cblr-2937	57	29	deviations	deviation	NOUN
cblr-2937	57	30	render	render	VERB
cblr-2937	57	31	the	the	DET
cblr-2937	57	32	"	"	PUNCT
cblr-2937	57	33	reputational	reputational	ADJ
cblr-2937	57	34	-	-	PUNCT
cblr-2937	57	35	capital	capital	NOUN
cblr-2937	57	36	"	"	PUNCT
cblr-2937	57	37	model	model	NOUN
cblr-2937	57	38	empirically	empirically	ADV
cblr-2937	57	39	incorrect	incorrect	ADJ
cblr-2937	57	40	-	-	PUNCT
cblr-2937	57	41	almost	almost	ADV
cblr-2937	57	42	all	all	DET
cblr-2937	57	43	policy	policy	NOUN
cblr-2937	57	44	initiatives	initiative	NOUN
cblr-2937	57	45	currently	currently	ADV
cblr-2937	57	46	under	under	ADP
cblr-2937	57	47	consideration	consideration	NOUN
cblr-2937	57	48	in	in	ADP
cblr-2937	57	49	the	the	DET
cblr-2937	57	50	united	united	PROPN
cblr-2937	57	51	states	state	NOUN
cblr-2937	57	52	are	be	AUX
cblr-2937	57	53	designed	design	VERB
cblr-2937	57	54	to	to	PART
cblr-2937	57	55	address	address	VERB
cblr-2937	57	56	these	these	DET
cblr-2937	57	57	deviations	deviation	NOUN
cblr-2937	57	58	and	and	CCONJ
cblr-2937	57	59	improve	improve	VERB
cblr-2937	57	60	the	the	DET
cblr-2937	57	61	functioning	functioning	NOUN
cblr-2937	57	62	of	of	ADP
cblr-2937	57	63	the	the	DET
cblr-2937	57	64	reputation	reputation	NOUN
cblr-2937	57	65	mechanism	mechanism	NOUN
cblr-2937	57	66	.	.	PUNCT
cblr-2937	58	1	this	this	DET
cblr-2937	58	2	article	article	NOUN
cblr-2937	58	3	argues	argue	VERB
cblr-2937	58	4	that	that	SCONJ
cblr-2937	58	5	even	even	ADV
cblr-2937	58	6	a	a	DET
cblr-2937	58	7	well	well	ADV
cblr-2937	58	8	-	-	PUNCT
cblr-2937	58	9	functioning	function	VERB
cblr-2937	58	10	reputation	reputation	NOUN
cblr-2937	58	11	mechanism	mechanism	NOUN
cblr-2937	58	12	is	be	AUX
cblr-2937	58	13	unlikely	unlikely	ADJ
cblr-2937	58	14	to	to	PART
cblr-2937	58	15	produce	produce	VERB
cblr-2937	58	16	ideal	ideal	ADJ
cblr-2937	58	17	incentives	incentive	NOUN
cblr-2937	58	18	for	for	ADP
cblr-2937	58	19	high	high	ADJ
cblr-2937	58	20	quality	quality	NOUN
cblr-2937	58	21	in	in	ADP
cblr-2937	58	22	the	the	DET
cblr-2937	58	23	critical	critical	ADJ
cblr-2937	58	24	area	area	NOUN
cblr-2937	58	25	of	of	ADP
cblr-2937	58	26	rating	rating	NOUN
cblr-2937	58	27	novel	novel	NOUN
cblr-2937	58	28	instruments	instrument	NOUN
cblr-2937	58	29	,	,	PUNCT
cblr-2937	58	30	such	such	ADJ
cblr-2937	58	31	as	as	ADP
cblr-2937	58	32	those	those	PRON
cblr-2937	58	33	that	that	PRON
cblr-2937	58	34	may	may	AUX
cblr-2937	58	35	have	have	AUX
cblr-2937	58	36	contributed	contribute	VERB
cblr-2937	58	37	to	to	ADP
cblr-2937	58	38	the	the	DET
cblr-2937	58	39	no	no	NOUN
cblr-2937	58	40	.	.	PUNCT
cblr-2937	59	1	1:109	1:109	NUM
cblr-2937	59	2	)	)	PUNCT
cblr-2937	59	3	still	still	ADV
cblr-2937	59	4	-	-	PUNCT
cblr-2937	59	5	unfolding	unfold	VERB
cblr-2937	59	6	credit	credit	NOUN
cblr-2937	59	7	market	market	NOUN
cblr-2937	59	8	meltdown	meltdown	NOUN
cblr-2937	59	9	.	.	PUNCT
cblr-2937	60	1	this	this	PRON
cblr-2937	60	2	is	be	AUX
cblr-2937	60	3	important	important	ADJ
cblr-2937	60	4	because	because	SCONJ
cblr-2937	60	5	continuing	continue	VERB
cblr-2937	60	6	financial	financial	ADJ
cblr-2937	60	7	innovation	innovation	NOUN
cblr-2937	60	8	has	have	AUX
cblr-2937	60	9	become	become	VERB
cblr-2937	60	10	an	an	DET
cblr-2937	60	11	important	important	ADJ
cblr-2937	60	12	and	and	CCONJ
cblr-2937	60	13	persistent	persistent	ADJ
cblr-2937	60	14	characteristic	characteristic	NOUN
cblr-2937	60	15	of	of	ADP
cblr-2937	60	16	the	the	DET
cblr-2937	60	17	u.s	u.s	PROPN
cblr-2937	60	18	.	.	PROPN
cblr-2937	60	19	economy	economy	NOUN
cblr-2937	60	20	.	.	PUNCT
cblr-2937	61	1	the	the	DET
cblr-2937	61	2	critical	critical	ADJ
cblr-2937	61	3	observation	observation	NOUN
cblr-2937	61	4	supporting	support	VERB
cblr-2937	61	5	this	this	DET
cblr-2937	61	6	article	article	NOUN
cblr-2937	61	7	's	's	PART
cblr-2937	61	8	central	central	ADJ
cblr-2937	61	9	argument	argument	NOUN
cblr-2937	61	10	is	be	AUX
cblr-2937	61	11	as	as	ADV
cblr-2937	61	12	underappreciated	underappreciated	ADJ
cblr-2937	61	13	as	as	SCONJ
cblr-2937	61	14	it	it	PRON
cblr-2937	61	15	is	be	AUX
cblr-2937	61	16	simple	simple	ADJ
cblr-2937	61	17	:	:	PUNCT
cblr-2937	61	18	it	it	PRON
cblr-2937	61	19	is	be	AUX
cblr-2937	61	20	not	not	PART
cblr-2937	61	21	plausible	plausible	ADJ
cblr-2937	61	22	to	to	PART
cblr-2937	61	23	argue	argue	VERB
cblr-2937	61	24	that	that	SCONJ
cblr-2937	61	25	rating	rating	NOUN
cblr-2937	61	26	agencies	agency	NOUN
cblr-2937	61	27	have	have	VERB
cblr-2937	61	28	a	a	DET
cblr-2937	61	29	valuable	valuable	ADJ
cblr-2937	61	30	reputation	reputation	NOUN
cblr-2937	61	31	for	for	ADP
cblr-2937	61	32	rating	rating	NOUN
cblr-2937	61	33	instruments	instrument	NOUN
cblr-2937	61	34	they	they	PRON
cblr-2937	61	35	have	have	AUX
cblr-2937	61	36	never	never	ADV
cblr-2937	61	37	rated	rate	VERB
cblr-2937	61	38	before	before	ADV
cblr-2937	61	39	.	.	PUNCT
cblr-2937	62	1	thus	thus	ADV
cblr-2937	62	2	,	,	PUNCT
cblr-2937	62	3	an	an	DET
cblr-2937	62	4	agency	agency	NOUN
cblr-2937	62	5	faced	face	VERB
cblr-2937	62	6	with	with	ADP
cblr-2937	62	7	the	the	DET
cblr-2937	62	8	opportunity	opportunity	NOUN
cblr-2937	62	9	to	to	PART
cblr-2937	62	10	issue	issue	VERB
cblr-2937	62	11	a	a	DET
cblr-2937	62	12	rating	rating	NOUN
cblr-2937	62	13	on	on	ADP
cblr-2937	62	14	a	a	DET
cblr-2937	62	15	novel	novel	ADJ
cblr-2937	62	16	product	product	NOUN
cblr-2937	62	17	is	be	AUX
cblr-2937	62	18	unlikely	unlikely	ADJ
cblr-2937	62	19	to	to	PART
cblr-2937	62	20	be	be	AUX
cblr-2937	62	21	constrained	constrain	VERB
cblr-2937	62	22	from	from	ADP
cblr-2937	62	23	doing	do	VERB
cblr-2937	62	24	so	so	ADV
cblr-2937	62	25	by	by	ADP
cblr-2937	62	26	fear	fear	NOUN
cblr-2937	62	27	of	of	ADP
cblr-2937	62	28	depleting	deplete	VERB
cblr-2937	62	29	its	its	PRON
cblr-2937	62	30	"	"	PUNCT
cblr-2937	62	31	reputational	reputational	ADJ
cblr-2937	62	32	-	-	PUNCT
cblr-2937	62	33	capital	capital	NOUN
cblr-2937	62	34	,	,	PUNCT
cblr-2937	62	35	"	"	PUNCT
cblr-2937	62	36	even	even	ADV
cblr-2937	62	37	if	if	SCONJ
cblr-2937	62	38	the	the	DET
cblr-2937	62	39	agency	agency	NOUN
cblr-2937	62	40	knows	know	VERB
cblr-2937	62	41	that	that	SCONJ
cblr-2937	62	42	it	it	PRON
cblr-2937	62	43	can	can	AUX
cblr-2937	62	44	not	not	PART
cblr-2937	62	45	rate	rate	VERB
cblr-2937	62	46	the	the	DET
cblr-2937	62	47	product	product	NOUN
cblr-2937	62	48	with	with	ADP
cblr-2937	62	49	high	high	ADJ
cblr-2937	62	50	quality	quality	NOUN
cblr-2937	62	51	.	.	PUNCT
cblr-2937	63	1	this	this	DET
cblr-2937	63	2	conclusion	conclusion	NOUN
cblr-2937	63	3	is	be	AUX
cblr-2937	63	4	likely	likely	ADJ
cblr-2937	63	5	to	to	PART
cblr-2937	63	6	hold	hold	VERB
cblr-2937	63	7	even	even	ADV
cblr-2937	63	8	if	if	SCONJ
cblr-2937	63	9	all	all	DET
cblr-2937	63	10	the	the	DET
cblr-2937	63	11	policy	policy	NOUN
cblr-2937	63	12	measures	measure	NOUN
cblr-2937	63	13	currently	currently	ADV
cblr-2937	63	14	under	under	ADP
cblr-2937	63	15	consideration	consideration	NOUN
cblr-2937	63	16	are	be	AUX
cblr-2937	63	17	successful	successful	ADJ
cblr-2937	63	18	.	.	PUNCT
cblr-2937	64	1	this	this	PRON
cblr-2937	64	2	implies	imply	VERB
cblr-2937	64	3	that	that	SCONJ
cblr-2937	64	4	as	as	ADV
cblr-2937	64	5	long	long	ADV
cblr-2937	64	6	as	as	SCONJ
cblr-2937	64	7	financial	financial	ADJ
cblr-2937	64	8	innovation	innovation	NOUN
cblr-2937	64	9	continues	continue	VERB
cblr-2937	64	10	-	-	PUNCT
cblr-2937	64	11	which	which	PRON
cblr-2937	64	12	is	be	AUX
cblr-2937	64	13	to	to	PART
cblr-2937	64	14	say	say	VERB
cblr-2937	64	15	for	for	ADP
cblr-2937	64	16	the	the	DET
cblr-2937	64	17	foreseeable	foreseeable	ADJ
cblr-2937	64	18	future	future	NOUN
cblr-2937	64	19	-	-	PUNCT
cblr-2937	64	20	there	there	PRON
cblr-2937	64	21	is	be	VERB
cblr-2937	64	22	likely	likely	ADJ
cblr-2937	64	23	to	to	PART
cblr-2937	64	24	be	be	AUX
cblr-2937	64	25	a	a	DET
cblr-2937	64	26	problem	problem	NOUN
cblr-2937	64	27	with	with	ADP
cblr-2937	64	28	rating	rating	NOUN
cblr-2937	64	29	agencies	agency	NOUN
cblr-2937	64	30	that	that	PRON
cblr-2937	64	31	will	will	AUX
cblr-2937	64	32	not	not	PART
cblr-2937	64	33	be	be	AUX
cblr-2937	64	34	fixed	fix	VERB
cblr-2937	64	35	by	by	ADP
cblr-2937	64	36	improving	improve	VERB
cblr-2937	64	37	the	the	DET
cblr-2937	64	38	reputation	reputation	NOUN
cblr-2937	64	39	mechanism	mechanism	NOUN
cblr-2937	64	40	.	.	PUNCT
cblr-2937	65	1	one	one	NUM
cblr-2937	65	2	potential	potential	ADJ
cblr-2937	65	3	solution	solution	NOUN
cblr-2937	65	4	to	to	ADP
cblr-2937	65	5	this	this	DET
cblr-2937	65	6	problem	problem	NOUN
cblr-2937	65	7	would	would	AUX
cblr-2937	65	8	be	be	AUX
cblr-2937	65	9	to	to	PART
cblr-2937	65	10	require	require	VERB
cblr-2937	65	11	agencies	agency	NOUN
cblr-2937	65	12	to	to	PART
cblr-2937	65	13	disgorge	disgorge	VERB
cblr-2937	65	14	profits	profit	NOUN
cblr-2937	65	15	derived	derive	VERB
cblr-2937	65	16	from	from	ADP
cblr-2937	65	17	issuing	issue	VERB
cblr-2937	65	18	novel	novel	NOUN
cblr-2937	65	19	-	-	PUNCT
cblr-2937	65	20	product	product	NOUN
cblr-2937	65	21	ratings	rating	NOUN
cblr-2937	65	22	that	that	PRON
cblr-2937	65	23	turn	turn	VERB
cblr-2937	65	24	out	out	ADP
cblr-2937	65	25	to	to	PART
cblr-2937	65	26	be	be	AUX
cblr-2937	65	27	of	of	ADP
cblr-2937	65	28	low	low	ADJ
cblr-2937	65	29	quality	quality	NOUN
cblr-2937	65	30	,	,	PUNCT
cblr-2937	65	31	unless	unless	SCONJ
cblr-2937	65	32	they	they	PRON
cblr-2937	65	33	disclose	disclose	VERB
cblr-2937	65	34	the	the	DET
cblr-2937	65	35	low	low	ADJ
cblr-2937	65	36	quality	quality	NOUN
cblr-2937	65	37	at	at	ADP
cblr-2937	65	38	the	the	DET
cblr-2937	65	39	time	time	NOUN
cblr-2937	65	40	of	of	ADP
cblr-2937	65	41	rating	rating	NOUN
cblr-2937	65	42	.	.	PUNCT
cblr-2937	66	1	if	if	SCONJ
cblr-2937	66	2	the	the	DET
cblr-2937	66	3	reputational	reputational	ADJ
cblr-2937	66	4	-	-	PUNCT
cblr-2937	66	5	capital	capital	NOUN
cblr-2937	66	6	view	view	NOUN
cblr-2937	66	7	is	be	AUX
cblr-2937	66	8	correct	correct	ADJ
cblr-2937	66	9	,	,	PUNCT
cblr-2937	66	10	such	such	DET
cblr-2937	66	11	an	an	DET
cblr-2937	66	12	approach	approach	NOUN
cblr-2937	66	13	ought	ought	AUX
cblr-2937	66	14	to	to	PART
cblr-2937	66	15	be	be	AUX
cblr-2937	66	16	feasible	feasible	ADJ
cblr-2937	66	17	,	,	PUNCT
cblr-2937	66	18	as	as	SCONJ
cblr-2937	66	19	the	the	DET
cblr-2937	66	20	ability	ability	NOUN
cblr-2937	66	21	to	to	PART
cblr-2937	66	22	develop	develop	VERB
cblr-2937	66	23	a	a	DET
cblr-2937	66	24	reputation	reputation	NOUN
cblr-2937	66	25	for	for	ADP
cblr-2937	66	26	quality	quality	NOUN
cblr-2937	66	27	presupposes	presuppose	VERB
cblr-2937	66	28	the	the	DET
cblr-2937	66	29	ability	ability	NOUN
cblr-2937	66	30	to	to	PART
cblr-2937	66	31	monitor	monitor	VERB
cblr-2937	66	32	and	and	CCONJ
cblr-2937	66	33	evaluate	evaluate	VERB
cblr-2937	66	34	quality	quality	NOUN
cblr-2937	66	35	on	on	ADP
cblr-2937	66	36	an	an	DET
cblr-2937	66	37	ex	ex	X
cblr-2937	66	38	post	post	NOUN
cblr-2937	66	39	basis	basis	NOUN
cblr-2937	66	40	.	.	PUNCT
cblr-2937	67	1	moreover	moreover	ADV
cblr-2937	67	2	,	,	PUNCT
cblr-2937	67	3	because	because	SCONJ
cblr-2937	67	4	agency	agency	NOUN
cblr-2937	67	5	ratings	rating	NOUN
cblr-2937	67	6	are	be	AUX
cblr-2937	67	7	predictive	predictive	ADJ
cblr-2937	67	8	judgments	judgment	NOUN
cblr-2937	67	9	rather	rather	ADV
cblr-2937	67	10	than	than	ADP
cblr-2937	67	11	statements	statement	NOUN
cblr-2937	67	12	of	of	ADP
cblr-2937	67	13	fact	fact	NOUN
cblr-2937	67	14	,	,	PUNCT
cblr-2937	67	15	a	a	DET
cblr-2937	67	16	quality	quality	NOUN
cblr-2937	67	17	-	-	PUNCT
cblr-2937	67	18	based	base	VERB
cblr-2937	67	19	approach	approach	NOUN
cblr-2937	67	20	is	be	AUX
cblr-2937	67	21	better	well	ADV
cblr-2937	67	22	suited	suited	ADJ
cblr-2937	67	23	to	to	ADP
cblr-2937	67	24	most	most	ADJ
cblr-2937	67	25	agency	agency	NOUN
cblr-2937	67	26	rating	rating	NOUN
cblr-2937	67	27	problems	problem	NOUN
cblr-2937	67	28	than	than	ADP
cblr-2937	67	29	an	an	DET
cblr-2937	67	30	approach	approach	NOUN
cblr-2937	67	31	based	base	VERB
cblr-2937	67	32	on	on	ADP
cblr-2937	67	33	liability	liability	NOUN
cblr-2937	67	34	for	for	ADP
cblr-2937	67	35	"	"	PUNCT
cblr-2937	67	36	misstatements	misstatement	NOUN
cblr-2937	67	37	"	"	PUNCT
cblr-2937	67	38	or	or	CCONJ
cblr-2937	67	39	"	"	PUNCT
cblr-2937	67	40	deception	deception	NOUN
cblr-2937	67	41	,	,	PUNCT
cblr-2937	67	42	"	"	PUNCT
cblr-2937	67	43	such	such	ADJ
cblr-2937	67	44	as	as	ADP
cblr-2937	67	45	the	the	DET
cblr-2937	67	46	current	current	ADJ
cblr-2937	67	47	fraud	fraud	NOUN
cblr-2937	67	48	-	-	PUNCT
cblr-2937	67	49	based	base	VERB
cblr-2937	67	50	liability	liability	NOUN
cblr-2937	67	51	regime	regime	NOUN
cblr-2937	67	52	or	or	CCONJ
cblr-2937	67	53	various	various	ADJ
cblr-2937	67	54	strict	strict	ADJ
cblr-2937	67	55	-	-	PUNCT
cblr-2937	67	56	liability	liability	NOUN
cblr-2937	67	57	proposals	proposal	NOUN
cblr-2937	67	58	that	that	PRON
cblr-2937	67	59	academics	academic	NOUN
cblr-2937	67	60	have	have	AUX
cblr-2937	67	61	advanced	advance	VERB
cblr-2937	67	62	.	.	PUNCT
cblr-2937	68	1	ii	ii	PROPN
cblr-2937	68	2	.	.	PUNCT
cblr-2937	68	3	credit	credit	NOUN
cblr-2937	68	4	ratings	rating	NOUN
cblr-2937	68	5	and	and	CCONJ
cblr-2937	68	6	the	the	DET
cblr-2937	68	7	"	"	PUNCT
cblr-2937	68	8	worldwide	worldwide	ADJ
cblr-2937	68	9	credit	credit	NOUN
cblr-2937	68	10	crisis	crisis	NOUN
cblr-2937	68	11	"	"	PUNCT
cblr-2937	68	12	a.	a.	NOUN
cblr-2937	68	13	rating	rating	NOUN
cblr-2937	68	14	agencies	agency	NOUN
cblr-2937	68	15	and	and	CCONJ
cblr-2937	68	16	ratings	rating	NOUN
cblr-2937	68	17	credit	credit	NOUN
cblr-2937	68	18	rating	rating	NOUN
cblr-2937	68	19	agencies	agency	NOUN
cblr-2937	68	20	provide	provide	VERB
cblr-2937	68	21	evaluations	evaluation	NOUN
cblr-2937	68	22	of	of	ADP
cblr-2937	68	23	the	the	DET
cblr-2937	68	24	likelihood	likelihood	NOUN
cblr-2937	68	25	that	that	SCONJ
cblr-2937	68	26	obligations	obligation	NOUN
cblr-2937	68	27	will	will	AUX
cblr-2937	68	28	be	be	AUX
cblr-2937	68	29	repaid	repay	VERB
cblr-2937	68	30	.	.	PUNCT
cblr-2937	69	1	there	there	PRON
cblr-2937	69	2	are	be	VERB
cblr-2937	69	3	three	three	NUM
cblr-2937	69	4	col	col	PROPN
cblr-2937	69	5	umbia	umbia	PROPN
cblr-2937	69	6	b	b	PROPN
cblr-2937	70	1	usiness	usiness	PROPN
cblr-2937	70	2	la	la	PROPN
cblr-2937	70	3	w	w	PROPN
cblr-2937	70	4	re	re	PROPN
cblr-2937	70	5	vie	vie	PROPN
cblr-2937	70	6	w	w	PROPN
cblr-2937	71	1	[	[	X
cblr-2937	71	2	vol	vol	NOUN
cblr-2937	71	3	.	.	NOUN
cblr-2937	71	4	2009	2009	NUM
cblr-2937	71	5	credit	credit	NOUN
cblr-2937	71	6	rating	rating	NOUN
cblr-2937	71	7	agencies	agency	NOUN
cblr-2937	71	8	major	major	ADJ
cblr-2937	71	9	credit	credit	NOUN
cblr-2937	71	10	rating	rating	NOUN
cblr-2937	71	11	agencies	agency	NOUN
cblr-2937	71	12	in	in	ADP
cblr-2937	71	13	the	the	DET
cblr-2937	71	14	united	united	PROPN
cblr-2937	71	15	states	states	PROPN
cblr-2937	71	16	:	:	PUNCT
cblr-2937	72	1	moody	moody	PROPN
cblr-2937	72	2	's	's	PART
cblr-2937	72	3	,	,	PUNCT
cblr-2937	72	4	'	'	PUNCT
cblr-2937	72	5	standard	standard	ADJ
cblr-2937	72	6	&	&	CCONJ
cblr-2937	72	7	poor's,2	poor's,2	PROPN
cblr-2937	72	8	and	and	CCONJ
cblr-2937	72	9	fitch	fitch	NOUN
cblr-2937	72	10	.	.	PUNCT
cblr-2937	72	11	'	'	PUNCT
cblr-2937	73	1	the	the	DET
cblr-2937	73	2	agencies	agency	NOUN
cblr-2937	73	3	issue	issue	VERB
cblr-2937	73	4	ratings	rating	NOUN
cblr-2937	73	5	on	on	ADP
cblr-2937	73	6	individual	individual	ADJ
cblr-2937	73	7	issues	issue	NOUN
cblr-2937	73	8	,	,	PUNCT
cblr-2937	73	9	such	such	ADJ
cblr-2937	73	10	as	as	ADP
cblr-2937	73	11	particular	particular	ADJ
cblr-2937	73	12	structured	structured	ADJ
cblr-2937	73	13	-	-	PUNCT
cblr-2937	73	14	finance	finance	NOUN
cblr-2937	73	15	offerings	offering	NOUN
cblr-2937	73	16	and	and	CCONJ
cblr-2937	73	17	corporate	corporate	ADJ
cblr-2937	73	18	,	,	PUNCT
cblr-2937	73	19	government	government	NOUN
cblr-2937	73	20	,	,	PUNCT
cblr-2937	73	21	and	and	CCONJ
cblr-2937	73	22	municipal	municipal	ADJ
cblr-2937	73	23	bonds.4	bonds.4	PROPN
cblr-2937	73	24	the	the	DET
cblr-2937	73	25	three	three	NUM
cblr-2937	73	26	major	major	ADJ
cblr-2937	73	27	agencies	agency	NOUN
cblr-2937	73	28	are	be	AUX
cblr-2937	73	29	responsible	responsible	ADJ
cblr-2937	73	30	for	for	ADP
cblr-2937	73	31	96	96	NUM
cblr-2937	73	32	%	%	NOUN
cblr-2937	73	33	of	of	ADP
cblr-2937	73	34	outstanding	outstanding	ADJ
cblr-2937	73	35	structured	structured	ADJ
cblr-2937	73	36	-	-	PUNCT
cblr-2937	73	37	finance	finance	NOUN
cblr-2937	73	38	ratings	rating	NOUN
cblr-2937	73	39	and	and	CCONJ
cblr-2937	73	40	98	98	NUM
cblr-2937	73	41	%	%	NOUN
cblr-2937	73	42	of	of	ADP
cblr-2937	73	43	all	all	DET
cblr-2937	73	44	outstanding	outstanding	ADJ
cblr-2937	73	45	ratings	rating	NOUN
cblr-2937	73	46	issued	issue	VERB
cblr-2937	73	47	by	by	ADP
cblr-2937	73	48	sec	sec	PROPN
cblr-2937	73	49	-	-	PUNCT
cblr-2937	73	50	recognized	recognize	VERB
cblr-2937	73	51	agencies.5	agencies.5	ADP
cblr-2937	73	52	there	there	PRON
cblr-2937	73	53	are	be	VERB
cblr-2937	73	54	also	also	ADV
cblr-2937	73	55	several	several	ADJ
cblr-2937	73	56	smaller	small	ADJ
cblr-2937	73	57	rating	rating	NOUN
cblr-2937	73	58	agencies	agency	NOUN
cblr-2937	73	59	that	that	PRON
cblr-2937	73	60	are	be	AUX
cblr-2937	73	61	active	active	ADJ
cblr-2937	73	62	in	in	ADP
cblr-2937	73	63	the	the	DET
cblr-2937	73	64	united	united	PROPN
cblr-2937	73	65	states,6	states,6	PROPN
cblr-2937	73	66	but	but	CCONJ
cblr-2937	73	67	some	some	PRON
cblr-2937	73	68	of	of	ADP
cblr-2937	73	69	these	these	PRON
cblr-2937	73	70	are	be	AUX
cblr-2937	73	71	active	active	ADJ
cblr-2937	73	72	primarily	primarily	ADV
cblr-2937	73	73	in	in	ADP
cblr-2937	73	74	niche	niche	NOUN
cblr-2937	73	75	markets,7	markets,7	NOUN
cblr-2937	73	76	and	and	CCONJ
cblr-2937	73	77	none	none	NOUN
cblr-2937	73	78	of	of	ADP
cblr-2937	73	79	them	they	PRON
cblr-2937	73	80	has	have	VERB
cblr-2937	73	81	an	an	DET
cblr-2937	73	82	overall	overall	ADJ
cblr-2937	73	83	market	market	NOUN
cblr-2937	73	84	share	share	NOUN
cblr-2937	73	85	that	that	PRON
cblr-2937	73	86	is	be	AUX
cblr-2937	73	87	comparable	comparable	ADJ
cblr-2937	73	88	to	to	ADP
cblr-2937	73	89	the	the	DET
cblr-2937	73	90	major	major	ADJ
cblr-2937	73	91	agencies	agency	NOUN
cblr-2937	73	92	'	'	PART
cblr-2937	73	93	.	.	PUNCT
cblr-2937	74	1	ratings	rating	NOUN
cblr-2937	74	2	for	for	ADP
cblr-2937	74	3	corporate	corporate	ADJ
cblr-2937	74	4	bonds	bond	NOUN
cblr-2937	74	5	and	and	CCONJ
cblr-2937	74	6	structured	structured	ADJ
cblr-2937	74	7	-	-	PUNCT
cblr-2937	74	8	finance	finance	NOUN
cblr-2937	74	9	issues	issue	NOUN
cblr-2937	74	10	are	be	AUX
cblr-2937	74	11	ranked	rank	VERB
cblr-2937	74	12	on	on	ADP
cblr-2937	74	13	a	a	DET
cblr-2937	74	14	letter	letter	NOUN
cblr-2937	74	15	scale	scale	NOUN
cblr-2937	74	16	.	.	PUNCT
cblr-2937	75	1	for	for	ADP
cblr-2937	75	2	standard	standard	ADJ
cblr-2937	75	3	and	and	CCONJ
cblr-2937	75	4	poor	poor	ADJ
cblr-2937	75	5	's	's	PART
cblr-2937	75	6	and	and	CCONJ
cblr-2937	75	7	fitch	fitch	NOUN
cblr-2937	75	8	,	,	PUNCT
cblr-2937	75	9	aaa	aaa	NOUN
cblr-2937	75	10	is	be	AUX
cblr-2937	75	11	the	the	DET
cblr-2937	75	12	highest	high	ADJ
cblr-2937	75	13	rating	rating	NOUN
cblr-2937	75	14	,	,	PUNCT
cblr-2937	75	15	followed	follow	VERB
cblr-2937	75	16	by	by	ADP
cblr-2937	75	17	aa	aa	PROPN
cblr-2937	75	18	,	,	PUNCT
cblr-2937	75	19	a	a	DET
cblr-2937	75	20	,	,	PUNCT
cblr-2937	75	21	bbb	bbb	PROPN
cblr-2937	75	22	,	,	PUNCT
cblr-2937	75	23	1	1	NUM
cblr-2937	75	24	moody	moody	NOUN
cblr-2937	75	25	's	's	PART
cblr-2937	75	26	conducts	conduct	NOUN
cblr-2937	75	27	its	its	PRON
cblr-2937	75	28	u.s	u.s	PROPN
cblr-2937	75	29	.	.	PROPN
cblr-2937	75	30	ratings	rating	NOUN
cblr-2937	75	31	business	business	NOUN
cblr-2937	75	32	through	through	ADP
cblr-2937	75	33	moody	moody	PROPN
cblr-2937	75	34	's	's	PART
cblr-2937	75	35	investor	investor	NOUN
cblr-2937	75	36	service	service	NOUN
cblr-2937	75	37	,	,	PUNCT
cblr-2937	75	38	a	a	DET
cblr-2937	75	39	unit	unit	NOUN
cblr-2937	75	40	of	of	ADP
cblr-2937	75	41	moody	moody	PROPN
cblr-2937	75	42	's	's	PART
cblr-2937	75	43	corporation	corporation	NOUN
cblr-2937	75	44	,	,	PUNCT
cblr-2937	75	45	a	a	DET
cblr-2937	75	46	publicly	publicly	ADV
cblr-2937	75	47	traded	trade	VERB
cblr-2937	75	48	company	company	NOUN
cblr-2937	75	49	.	.	PUNCT
cblr-2937	76	1	moodys	moodys	PROPN
cblr-2937	76	2	corp	corp	PROPN
cblr-2937	76	3	.	.	PROPN
cblr-2937	76	4	,	,	PUNCT
cblr-2937	76	5	annual	annual	ADJ
cblr-2937	76	6	report	report	NOUN
cblr-2937	76	7	(	(	PUNCT
cblr-2937	76	8	form	form	NOUN
cblr-2937	76	9	10	10	NUM
cblr-2937	76	10	-	-	PUNCT
cblr-2937	76	11	k	k	NOUN
cblr-2937	76	12	)	)	PUNCT
cblr-2937	76	13	,	,	PUNCT
cblr-2937	76	14	at	at	ADP
cblr-2937	76	15	2	2	NUM
cblr-2937	76	16	,	,	PUNCT
cblr-2937	76	17	17	17	NUM
cblr-2937	76	18	(	(	PUNCT
cblr-2937	76	19	feb	feb	PROPN
cblr-2937	76	20	.	.	PROPN
cblr-2937	76	21	29	29	NUM
cblr-2937	76	22	,	,	PUNCT
cblr-2937	76	23	2008	2008	NUM
cblr-2937	76	24	)	)	PUNCT
cblr-2937	76	25	.	.	PUNCT
cblr-2937	77	1	2	2	NUM
cblr-2937	77	2	standard	standard	PROPN
cblr-2937	77	3	&	&	CCONJ
cblr-2937	77	4	poor	poor	PROPN
cblr-2937	77	5	's	's	PART
cblr-2937	77	6	is	be	AUX
cblr-2937	77	7	a	a	DET
cblr-2937	77	8	unit	unit	NOUN
cblr-2937	77	9	of	of	ADP
cblr-2937	77	10	the	the	DET
cblr-2937	77	11	mcgraw	mcgraw	PROPN
cblr-2937	77	12	-	-	PUNCT
cblr-2937	77	13	hill	hill	NOUN
cblr-2937	77	14	companies	company	NOUN
cblr-2937	77	15	,	,	PUNCT
cblr-2937	77	16	inc	inc	PROPN
cblr-2937	77	17	.	.	PROPN
cblr-2937	77	18	,	,	PUNCT
cblr-2937	77	19	a	a	DET
cblr-2937	77	20	publicly	publicly	ADV
cblr-2937	77	21	traded	trade	VERB
cblr-2937	77	22	company	company	NOUN
cblr-2937	77	23	,	,	PUNCT
cblr-2937	77	24	and	and	CCONJ
cblr-2937	77	25	provides	provide	VERB
cblr-2937	77	26	credit	credit	NOUN
cblr-2937	77	27	ratings	rating	NOUN
cblr-2937	77	28	in	in	ADP
cblr-2937	77	29	the	the	DET
cblr-2937	77	30	united	united	PROPN
cblr-2937	77	31	states	states	PROPN
cblr-2937	77	32	and	and	CCONJ
cblr-2937	77	33	abroad	abroad	ADV
cblr-2937	77	34	.	.	PUNCT
cblr-2937	78	1	the	the	DET
cblr-2937	78	2	mcgraw	mcgraw	PROPN
cblr-2937	78	3	-	-	PUNCT
cblr-2937	78	4	hill	hill	NOUN
cblr-2937	78	5	companies	company	NOUN
cblr-2937	78	6	,	,	PUNCT
cblr-2937	78	7	2007	2007	NUM
cblr-2937	78	8	annual	annual	ADJ
cblr-2937	78	9	report	report	NOUN
cblr-2937	78	10	9	9	NUM
cblr-2937	78	11	,	,	PUNCT
cblr-2937	78	12	24	24	NUM
cblr-2937	78	13	(	(	PUNCT
cblr-2937	78	14	2008	2008	NUM
cblr-2937	78	15	)	)	PUNCT
cblr-2937	78	16	.	.	PUNCT
cblr-2937	78	17	'	'	PUNCT
cblr-2937	79	1	fitch	fitch	NOUN
cblr-2937	79	2	ratings	rating	NOUN
cblr-2937	79	3	is	be	AUX
cblr-2937	79	4	a	a	DET
cblr-2937	79	5	subsidiary	subsidiary	NOUN
cblr-2937	79	6	of	of	ADP
cblr-2937	79	7	fitch	fitch	PROPN
cblr-2937	79	8	group	group	NOUN
cblr-2937	79	9	,	,	PUNCT
cblr-2937	79	10	and	and	CCONJ
cblr-2937	79	11	like	like	ADP
cblr-2937	79	12	moody	moody	NOUN
cblr-2937	79	13	's	's	PART
cblr-2937	79	14	investor	investor	NOUN
cblr-2937	79	15	service	service	NOUN
cblr-2937	79	16	and	and	CCONJ
cblr-2937	79	17	standard	standard	PROPN
cblr-2937	79	18	&	&	CCONJ
cblr-2937	79	19	poor	poor	PROPN
cblr-2937	79	20	's	's	PART
cblr-2937	79	21	,	,	PUNCT
cblr-2937	79	22	provides	provide	VERB
cblr-2937	79	23	credit	credit	NOUN
cblr-2937	79	24	rating	rating	NOUN
cblr-2937	79	25	services	service	NOUN
cblr-2937	79	26	.	.	PUNCT
cblr-2937	80	1	fimalac	fimalac	PROPN
cblr-2937	80	2	,	,	PUNCT
cblr-2937	80	3	annual	annual	ADJ
cblr-2937	80	4	report	report	NOUN
cblr-2937	80	5	2006/2007	2006/2007	NUM
cblr-2937	80	6	,	,	PUNCT
cblr-2937	80	7	15	15	NUM
cblr-2937	80	8	,	,	PUNCT
cblr-2937	80	9	24	24	NUM
cblr-2937	80	10	-	-	SYM
cblr-2937	80	11	30	30	NUM
cblr-2937	80	12	(	(	PUNCT
cblr-2937	80	13	2008	2008	NUM
cblr-2937	80	14	)	)	PUNCT
cblr-2937	80	15	.	.	PUNCT
cblr-2937	81	1	4	4	NUM
cblr-2937	81	2	u.s	u.s	PROPN
cblr-2937	81	3	.	.	PROPN
cblr-2937	81	4	sec	sec	PROPN
cblr-2937	81	5	.	.	PROPN
cblr-2937	81	6	&	&	CCONJ
cblr-2937	81	7	exch	exch	PROPN
cblr-2937	81	8	.	.	PUNCT
cblr-2937	82	1	comm'n	comm'n	PROPN
cblr-2937	82	2	,	,	PUNCT
cblr-2937	82	3	annual	annual	ADJ
cblr-2937	82	4	report	report	NOUN
cblr-2937	82	5	on	on	ADP
cblr-2937	82	6	nationally	nationally	ADV
cblr-2937	82	7	recognized	recognize	VERB
cblr-2937	82	8	statistical	statistical	ADJ
cblr-2937	82	9	rating	rating	NOUN
cblr-2937	82	10	organizations	organization	NOUN
cblr-2937	82	11	35	35	NUM
cblr-2937	82	12	(	(	PUNCT
cblr-2937	82	13	2008	2008	NUM
cblr-2937	82	14	)	)	PUNCT
cblr-2937	83	1	[	[	X
cblr-2937	83	2	hereinafter	hereinafter	NOUN
cblr-2937	83	3	2008	2008	NUM
cblr-2937	83	4	sec	sec	PROPN
cblr-2937	83	5	nrsro	nrsro	ADJ
cblr-2937	83	6	report	report	NOUN
cblr-2937	83	7	]	]	X
cblr-2937	83	8	.	.	PUNCT
cblr-2937	84	1	5	5	NUM
cblr-2937	84	2	2008	2008	NUM
cblr-2937	84	3	sec	sec	PROPN
cblr-2937	84	4	nrsro	nrsro	ADJ
cblr-2937	84	5	report	report	NOUN
cblr-2937	84	6	,	,	PUNCT
cblr-2937	84	7	supra	supra	PROPN
cblr-2937	84	8	note	note	NOUN
cblr-2937	84	9	4	4	NUM
cblr-2937	84	10	,	,	PUNCT
cblr-2937	84	11	at	at	ADP
cblr-2937	84	12	35	35	NUM
cblr-2937	84	13	.	.	PUNCT
cblr-2937	85	1	the	the	DET
cblr-2937	85	2	percentages	percentage	NOUN
cblr-2937	85	3	are	be	AUX
cblr-2937	85	4	computed	compute	VERB
cblr-2937	85	5	relative	relative	ADJ
cblr-2937	85	6	to	to	ADP
cblr-2937	85	7	all	all	DET
cblr-2937	85	8	ratings	rating	NOUN
cblr-2937	85	9	issued	issue	VERB
cblr-2937	85	10	by	by	ADP
cblr-2937	85	11	agencies	agency	NOUN
cblr-2937	85	12	that	that	PRON
cblr-2937	85	13	are	be	AUX
cblr-2937	85	14	recognized	recognize	VERB
cblr-2937	85	15	by	by	ADP
cblr-2937	85	16	the	the	DET
cblr-2937	85	17	sec	sec	PROPN
cblr-2937	85	18	(	(	PUNCT
cblr-2937	85	19	"	"	PUNCT
cblr-2937	85	20	nationally	nationally	ADV
cblr-2937	85	21	recognized	recognize	VERB
cblr-2937	85	22	statistical	statistical	ADJ
cblr-2937	85	23	rating	rating	NOUN
cblr-2937	85	24	organizations	organization	NOUN
cblr-2937	85	25	"	"	PUNCT
cblr-2937	85	26	or	or	CCONJ
cblr-2937	85	27	nrsros	nrsro	NOUN
cblr-2937	85	28	,	,	PUNCT
cblr-2937	85	29	described	describe	VERB
cblr-2937	85	30	below	below	ADP
cblr-2937	85	31	)	)	PUNCT
cblr-2937	85	32	.	.	PUNCT
cblr-2937	86	1	6	6	NUM
cblr-2937	86	2	as	as	ADP
cblr-2937	86	3	of	of	ADP
cblr-2937	86	4	june	june	PROPN
cblr-2937	86	5	2008	2008	NUM
cblr-2937	86	6	,	,	PUNCT
cblr-2937	86	7	four	four	NUM
cblr-2937	86	8	other	other	ADJ
cblr-2937	86	9	companies	company	NOUN
cblr-2937	86	10	were	be	AUX
cblr-2937	86	11	registered	register	VERB
cblr-2937	86	12	with	with	ADP
cblr-2937	86	13	the	the	DET
cblr-2937	86	14	sec	sec	PROPN
cblr-2937	86	15	as	as	ADP
cblr-2937	86	16	nrsros	nrsro	NOUN
cblr-2937	86	17	:	:	PUNCT
cblr-2937	86	18	a.m.	a.m.	PROPN
cblr-2937	86	19	best	good	ADJ
cblr-2937	86	20	company	company	PROPN
cblr-2937	86	21	,	,	PUNCT
cblr-2937	86	22	inc	inc	PROPN
cblr-2937	86	23	.	.	PROPN
cblr-2937	86	24	,	,	PUNCT
cblr-2937	86	25	dbrs	dbrs	PROPN
cblr-2937	86	26	ltd	ltd	PROPN
cblr-2937	86	27	.	.	PROPN
cblr-2937	86	28	,	,	PUNCT
cblr-2937	86	29	japan	japan	PROPN
cblr-2937	86	30	credit	credit	NOUN
cblr-2937	86	31	rating	rating	NOUN
cblr-2937	86	32	agency	agency	NOUN
cblr-2937	86	33	,	,	PUNCT
cblr-2937	86	34	ltd	ltd	PROPN
cblr-2937	86	35	.	.	PROPN
cblr-2937	86	36	,	,	PUNCT
cblr-2937	86	37	and	and	CCONJ
cblr-2937	86	38	rating	rating	NOUN
cblr-2937	86	39	and	and	CCONJ
cblr-2937	86	40	investment	investment	NOUN
cblr-2937	86	41	information	information	NOUN
cblr-2937	86	42	,	,	PUNCT
cblr-2937	86	43	inc	inc	PROPN
cblr-2937	86	44	.	.	PROPN
cblr-2937	87	1	since	since	SCONJ
cblr-2937	87	2	then	then	ADV
cblr-2937	87	3	,	,	PUNCT
cblr-2937	87	4	three	three	NUM
cblr-2937	87	5	more	more	ADJ
cblr-2937	87	6	have	have	AUX
cblr-2937	87	7	been	be	AUX
cblr-2937	87	8	approved	approve	VERB
cblr-2937	87	9	as	as	ADP
cblr-2937	87	10	nrsros	nrsro	NOUN
cblr-2937	87	11	:	:	PUNCT
cblr-2937	87	12	realpoint	realpoint	PROPN
cblr-2937	87	13	llc	llc	PROPN
cblr-2937	87	14	,	,	PUNCT
cblr-2937	87	15	lace	lace	PROPN
cblr-2937	87	16	financial	financial	PROPN
cblr-2937	87	17	corp	corp	PROPN
cblr-2937	87	18	.	.	PROPN
cblr-2937	87	19	,	,	PUNCT
cblr-2937	87	20	and	and	CCONJ
cblr-2937	87	21	egan	egan	PROPN
cblr-2937	87	22	-	-	PUNCT
cblr-2937	87	23	jones	jones	PROPN
cblr-2937	87	24	rating	rating	NOUN
cblr-2937	87	25	company	company	NOUN
cblr-2937	87	26	.	.	PUNCT
cblr-2937	88	1	the	the	DET
cblr-2937	88	2	previously	previously	ADV
cblr-2937	88	3	registered	register	VERB
cblr-2937	88	4	nrsros	nrsro	NOUN
cblr-2937	88	5	rely	rely	VERB
cblr-2937	88	6	primarily	primarily	ADV
cblr-2937	88	7	on	on	ADP
cblr-2937	88	8	an	an	DET
cblr-2937	88	9	issuer	issuer	NOUN
cblr-2937	88	10	-	-	PUNCT
cblr-2937	88	11	pays	pay	NOUN
cblr-2937	88	12	business	business	NOUN
cblr-2937	88	13	model	model	NOUN
cblr-2937	88	14	,	,	PUNCT
cblr-2937	88	15	while	while	SCONJ
cblr-2937	88	16	the	the	DET
cblr-2937	88	17	three	three	NUM
cblr-2937	88	18	newly	newly	ADV
cblr-2937	88	19	registered	register	VERB
cblr-2937	88	20	agencies	agency	NOUN
cblr-2937	88	21	rely	rely	VERB
cblr-2937	88	22	primarily	primarily	ADV
cblr-2937	88	23	on	on	ADP
cblr-2937	88	24	a	a	DET
cblr-2937	88	25	subscriber	subscriber	NOUN
cblr-2937	88	26	-	-	PUNCT
cblr-2937	88	27	pays	pay	NOUN
cblr-2937	88	28	model	model	NOUN
cblr-2937	88	29	.	.	PUNCT
cblr-2937	89	1	2008	2008	NUM
cblr-2937	89	2	sec	sec	PROPN
cblr-2937	89	3	nrsro	nrsro	ADJ
cblr-2937	89	4	report	report	NOUN
cblr-2937	89	5	,	,	PUNCT
cblr-2937	89	6	supra	supra	PROPN
cblr-2937	89	7	note	note	NOUN
cblr-2937	89	8	4	4	NUM
cblr-2937	89	9	,	,	PUNCT
cblr-2937	89	10	at	at	ADP
cblr-2937	89	11	39	39	NUM
cblr-2937	89	12	.	.	PUNCT
cblr-2937	90	1	v	v	NOUN
cblr-2937	90	2	for	for	ADP
cblr-2937	90	3	example	example	NOUN
cblr-2937	90	4	,	,	PUNCT
cblr-2937	90	5	a.m.	a.m.	PROPN
cblr-2937	90	6	best	good	ADJ
cblr-2937	90	7	is	be	AUX
cblr-2937	90	8	primarily	primarily	ADV
cblr-2937	90	9	active	active	ADJ
cblr-2937	90	10	in	in	ADP
cblr-2937	90	11	insurance	insurance	NOUN
cblr-2937	90	12	ratings	rating	NOUN
cblr-2937	90	13	,	,	PUNCT
cblr-2937	90	14	and	and	CCONJ
cblr-2937	90	15	dominion	dominion	NOUN
cblr-2937	90	16	bond	bond	NOUN
cblr-2937	90	17	rating	rating	NOUN
cblr-2937	90	18	services	service	NOUN
cblr-2937	90	19	is	be	AUX
cblr-2937	90	20	primarily	primarily	ADV
cblr-2937	90	21	active	active	ADJ
cblr-2937	90	22	in	in	ADP
cblr-2937	90	23	rating	rate	VERB
cblr-2937	90	24	canadian	canadian	ADJ
cblr-2937	90	25	issues	issue	NOUN
cblr-2937	90	26	.	.	PUNCT
cblr-2937	91	1	no	no	INTJ
cblr-2937	91	2	.	.	PUNCT
cblr-2937	92	1	1:109	1:109	NUM
cblr-2937	92	2	]	]	X
cblr-2937	92	3	bb	bb	PROPN
cblr-2937	92	4	,	,	PUNCT
cblr-2937	92	5	b	b	PROPN
cblr-2937	92	6	,	,	PUNCT
cblr-2937	92	7	ccc	ccc	PROPN
cblr-2937	92	8	,	,	PUNCT
cblr-2937	92	9	cc	cc	PROPN
cblr-2937	92	10	,	,	PUNCT
cblr-2937	92	11	c	c	NOUN
cblr-2937	92	12	,	,	PUNCT
cblr-2937	92	13	and	and	CCONJ
cblr-2937	92	14	d	d	NOUN
cblr-2937	92	15	,	,	PUNCT
cblr-2937	92	16	with	with	ADP
cblr-2937	92	17	d	d	ADP
cblr-2937	92	18	designating	designate	VERB
cblr-2937	92	19	an	an	DET
cblr-2937	92	20	instrument	instrument	NOUN
cblr-2937	92	21	that	that	PRON
cblr-2937	92	22	has	have	AUX
cblr-2937	92	23	defaulted	default	VERB
cblr-2937	92	24	for	for	ADP
cblr-2937	92	25	moody	moody	NOUN
cblr-2937	92	26	's	's	PART
cblr-2937	92	27	,	,	PUNCT
cblr-2937	92	28	aaa	aaa	NOUN
cblr-2937	92	29	is	be	AUX
cblr-2937	92	30	the	the	DET
cblr-2937	92	31	highest	high	ADJ
cblr-2937	92	32	rating	rating	NOUN
cblr-2937	92	33	,	,	PUNCT
cblr-2937	92	34	followed	follow	VERB
cblr-2937	92	35	by	by	ADP
cblr-2937	92	36	aa	aa	PROPN
cblr-2937	92	37	,	,	PUNCT
cblr-2937	92	38	a	a	PRON
cblr-2937	92	39	,	,	PUNCT
cblr-2937	92	40	baa	baa	PROPN
cblr-2937	92	41	,	,	PUNCT
cblr-2937	92	42	ba	ba	PROPN
cblr-2937	92	43	,	,	PUNCT
cblr-2937	92	44	b	b	NOUN
cblr-2937	92	45	,	,	PUNCT
cblr-2937	92	46	caa	caa	NOUN
cblr-2937	92	47	,	,	PUNCT
cblr-2937	92	48	ca	ca	PROPN
cblr-2937	92	49	,	,	PUNCT
cblr-2937	92	50	c.	c.	PROPN
cblr-2937	92	51	9	9	NUM
cblr-2937	92	52	ratings	rating	NOUN
cblr-2937	92	53	often	often	ADV
cblr-2937	92	54	are	be	AUX
cblr-2937	92	55	modified	modify	VERB
cblr-2937	92	56	by	by	ADP
cblr-2937	92	57	a	a	DET
cblr-2937	92	58	suffix	suffix	NOUN
cblr-2937	92	59	such	such	ADJ
cblr-2937	92	60	as	as	ADP
cblr-2937	92	61	"	"	PUNCT
cblr-2937	92	62	+	+	NOUN
cblr-2937	92	63	"	"	PUNCT
cblr-2937	92	64	or	or	CCONJ
cblr-2937	92	65	"	"	PUNCT
cblr-2937	92	66	-	-	INTJ
cblr-2937	92	67	"	"	PUNCT
cblr-2937	92	68	,	,	PUNCT
cblr-2937	92	69	creating	create	VERB
cblr-2937	92	70	finer	fine	ADJ
cblr-2937	92	71	gradations	gradation	NOUN
cblr-2937	92	72	.	.	PUNCT
cblr-2937	93	1	10	10	NUM
cblr-2937	93	2	in	in	ADP
cblr-2937	93	3	common	common	ADJ
cblr-2937	93	4	parlance	parlance	NOUN
cblr-2937	93	5	,	,	PUNCT
cblr-2937	93	6	instruments	instrument	NOUN
cblr-2937	93	7	with	with	ADP
cblr-2937	93	8	ratings	rating	NOUN
cblr-2937	93	9	of	of	ADP
cblr-2937	93	10	bbb	bbb	PROPN
cblr-2937	93	11	/	/	SYM
cblr-2937	93	12	baa	baa	PROPN
cblr-2937	93	13	or	or	CCONJ
cblr-2937	93	14	above	above	ADV
cblr-2937	93	15	are	be	AUX
cblr-2937	93	16	"	"	PUNCT
cblr-2937	93	17	investment	investment	NOUN
cblr-2937	93	18	grade	grade	NOUN
cblr-2937	93	19	,	,	PUNCT
cblr-2937	93	20	"	"	PUNCT
cblr-2937	93	21	while	while	SCONJ
cblr-2937	93	22	those	those	PRON
cblr-2937	93	23	of	of	ADP
cblr-2937	93	24	bb	bb	PROPN
cblr-2937	93	25	/	/	SYM
cblr-2937	93	26	ba	ba	PROPN
cblr-2937	93	27	or	or	CCONJ
cblr-2937	93	28	below	below	ADV
cblr-2937	93	29	are	be	AUX
cblr-2937	93	30	"	"	PUNCT
cblr-2937	93	31	speculative	speculative	ADJ
cblr-2937	93	32	,	,	PUNCT
cblr-2937	93	33	"	"	PUNCT
cblr-2937	93	34	"	"	PUNCT
cblr-2937	93	35	high	high	ADJ
cblr-2937	93	36	-	-	PUNCT
cblr-2937	93	37	yield	yield	NOUN
cblr-2937	93	38	,	,	PUNCT
cblr-2937	93	39	"	"	PUNCT
cblr-2937	93	40	or	or	CCONJ
cblr-2937	93	41	"	"	PUNCT
cblr-2937	93	42	junk	junk	NOUN
cblr-2937	93	43	.	.	PUNCT
cblr-2937	94	1	"	"	PUNCT
cblr-2937	94	2	"	"	PUNCT
cblr-2937	94	3	the	the	DET
cblr-2937	94	4	vast	vast	ADJ
cblr-2937	94	5	majority	majority	NOUN
cblr-2937	94	6	of	of	ADP
cblr-2937	94	7	fixed	fix	VERB
cblr-2937	94	8	-	-	PUNCT
cblr-2937	94	9	income	income	NOUN
cblr-2937	94	10	issues	issue	NOUN
cblr-2937	94	11	in	in	ADP
cblr-2937	94	12	the	the	DET
cblr-2937	94	13	united	united	PROPN
cblr-2937	94	14	states	states	PROPN
cblr-2937	94	15	carry	carry	VERB
cblr-2937	94	16	credit	credit	NOUN
cblr-2937	94	17	ratings	rating	NOUN
cblr-2937	94	18	from	from	ADP
cblr-2937	94	19	at	at	ADP
cblr-2937	94	20	least	least	ADV
cblr-2937	94	21	one	one	NUM
cblr-2937	94	22	,	,	PUNCT
cblr-2937	94	23	and	and	CCONJ
cblr-2937	94	24	usually	usually	ADV
cblr-2937	94	25	two	two	NUM
cblr-2937	94	26	,	,	PUNCT
cblr-2937	94	27	credit	credit	NOUN
cblr-2937	94	28	rating	rating	NOUN
cblr-2937	94	29	agencies.12	agencies.12	NOUN
cblr-2937	94	30	ratings	rating	NOUN
cblr-2937	94	31	typically	typically	ADV
cblr-2937	94	32	are	be	AUX
cblr-2937	94	33	requested	request	VERB
cblr-2937	94	34	and	and	CCONJ
cblr-2937	94	35	paid	pay	VERB
cblr-2937	94	36	for	for	ADP
cblr-2937	94	37	by	by	ADP
cblr-2937	94	38	the	the	DET
cblr-2937	94	39	issuer	issuer	NOUN
cblr-2937	94	40	or	or	CCONJ
cblr-2937	94	41	originator	originator	NOUN
cblr-2937	94	42	of	of	ADP
cblr-2937	94	43	the	the	DET
cblr-2937	94	44	financial	financial	ADJ
cblr-2937	94	45	instrument	instrument	NOUN
cblr-2937	94	46	in	in	ADP
cblr-2937	94	47	question	question	NOUN
cblr-2937	94	48	,	,	PUNCT
cblr-2937	94	49	and	and	CCONJ
cblr-2937	94	50	are	be	AUX
cblr-2937	94	51	made	make	VERB
cblr-2937	94	52	available	available	ADJ
cblr-2937	94	53	to	to	ADP
cblr-2937	94	54	the	the	DET
cblr-2937	94	55	public	public	NOUN
cblr-2937	94	56	for	for	ADP
cblr-2937	94	57	free	free	ADJ
cblr-2937	94	58	.	.	PUNCT
cblr-2937	95	1	although	although	SCONJ
cblr-2937	95	2	there	there	PRON
cblr-2937	95	3	is	be	VERB
cblr-2937	95	4	an	an	DET
cblr-2937	95	5	active	active	ADJ
cblr-2937	95	6	debate	debate	NOUN
cblr-2937	95	7	over	over	ADP
cblr-2937	95	8	the	the	DET
cblr-2937	95	9	reason	reason	NOUN
cblr-2937	95	10	that	that	PRON
cblr-2937	95	11	ratings	rating	NOUN
cblr-2937	95	12	are	be	AUX
cblr-2937	95	13	demanded	demand	VERB
cblr-2937	95	14	,	,	PUNCT
cblr-2937	95	15	3	3	NUM
cblr-2937	95	16	the	the	DET
cblr-2937	95	17	mainstream	mainstream	NOUN
cblr-2937	95	18	view	view	NOUN
cblr-2937	95	19	is	be	AUX
cblr-2937	95	20	that	that	SCONJ
cblr-2937	95	21	investors	investor	NOUN
cblr-2937	95	22	value	value	VERB
cblr-2937	95	23	the	the	DET
cblr-2937	95	24	agencies	agency	NOUN
cblr-2937	95	25	'	'	PART
cblr-2937	95	26	assessments	assessment	NOUN
cblr-2937	95	27	of	of	ADP
cblr-2937	95	28	credit	credit	NOUN
cblr-2937	95	29	quality	quality	NOUN
cblr-2937	95	30	.	.	PUNCT
cblr-2937	96	1	as	as	SCONJ
cblr-2937	96	2	described	describe	VERB
cblr-2937	96	3	in	in	ADP
cblr-2937	96	4	greater	great	ADJ
cblr-2937	96	5	detail	detail	NOUN
cblr-2937	96	6	below	below	ADV
cblr-2937	96	7	,	,	PUNCT
cblr-2937	96	8	many	many	ADJ
cblr-2937	96	9	government	government	NOUN
cblr-2937	96	10	rules	rule	NOUN
cblr-2937	96	11	and	and	CCONJ
cblr-2937	96	12	private	private	ADJ
cblr-2937	96	13	contracts	contract	NOUN
cblr-2937	96	14	and	and	CCONJ
cblr-2937	96	15	investment	investment	NOUN
cblr-2937	96	16	guidelines	guideline	NOUN
cblr-2937	96	17	refer	refer	VERB
cblr-2937	96	18	to	to	ADP
cblr-2937	96	19	8	8	NUM
cblr-2937	96	20	s&p	s&p	PROPN
cblr-2937	96	21	,	,	PUNCT
cblr-2937	96	22	corporate	corporate	ADJ
cblr-2937	96	23	ratings	rating	NOUN
cblr-2937	96	24	criteria	criterion	NOUN
cblr-2937	96	25	2008	2008	NUM
cblr-2937	96	26	(	(	PUNCT
cblr-2937	96	27	2008	2008	NUM
cblr-2937	96	28	)	)	PUNCT
cblr-2937	96	29	.	.	PUNCT
cblr-2937	97	1	fitch	fitch	PROPN
cblr-2937	97	2	ratings	rating	NOUN
cblr-2937	97	3	'	'	PART
cblr-2937	97	4	definitions	definition	NOUN
cblr-2937	97	5	are	be	AUX
cblr-2937	97	6	available	available	ADJ
cblr-2937	97	7	at	at	ADP
cblr-2937	97	8	fitch	fitch	NOUN
cblr-2937	97	9	ratings	rating	NOUN
cblr-2937	97	10	definitions	definition	NOUN
cblr-2937	97	11	,	,	PUNCT
cblr-2937	97	12	http://www.fitch	http://www.fitch	NOUN
cblr-2937	97	13	ratings.com/corporate/fitchresources.cftn?detail=l&rd-file=ltr	ratings.com/corporate/fitchresources.cftn?detail=l&rd-file=ltr	PROPN
cblr-2937	97	14	(	(	PUNCT
cblr-2937	97	15	last	last	ADV
cblr-2937	97	16	visited	visit	VERB
cblr-2937	97	17	mar	mar	PROPN
cblr-2937	97	18	.	.	PROPN
cblr-2937	97	19	9	9	NUM
cblr-2937	97	20	,	,	PUNCT
cblr-2937	97	21	2009	2009	NUM
cblr-2937	97	22	)	)	PUNCT
cblr-2937	97	23	.	.	PUNCT
cblr-2937	98	1	9	9	NUM
cblr-2937	98	2	moody	moody	PROPN
cblr-2937	98	3	's	's	PART
cblr-2937	98	4	investors	investor	NOUN
cblr-2937	98	5	service	service	NOUN
cblr-2937	98	6	,	,	PUNCT
cblr-2937	98	7	understanding	understand	VERB
cblr-2937	98	8	moody	moody	NOUN
cblr-2937	98	9	's	's	PART
cblr-2937	98	10	corporate	corporate	ADJ
cblr-2937	98	11	bond	bond	NOUN
cblr-2937	98	12	ratings	rating	NOUN
cblr-2937	98	13	and	and	CCONJ
cblr-2937	98	14	rating	rating	NOUN
cblr-2937	98	15	process	process	NOUN
cblr-2937	98	16	7	7	NUM
cblr-2937	98	17	(	(	PUNCT
cblr-2937	98	18	2002	2002	NUM
cblr-2937	98	19	)	)	PUNCT
cblr-2937	98	20	.	.	PUNCT
cblr-2937	99	1	'	'	PUNCT
cblr-2937	99	2	0	0	NUM
cblr-2937	99	3	standard	standard	PROPN
cblr-2937	99	4	&	&	CCONJ
cblr-2937	99	5	poor	poor	PROPN
cblr-2937	99	6	's	's	PART
cblr-2937	99	7	uses	use	VERB
cblr-2937	99	8	the	the	DET
cblr-2937	99	9	"	"	PUNCT
cblr-2937	99	10	+	+	NOUN
cblr-2937	99	11	"	"	PUNCT
cblr-2937	99	12	and	and	CCONJ
cblr-2937	99	13	"	"	PUNCT
cblr-2937	99	14	-	-	PUNCT
cblr-2937	99	15	"	"	PUNCT
cblr-2937	99	16	notation	notation	NOUN
cblr-2937	99	17	;	;	PUNCT
cblr-2937	99	18	moody	moody	PROPN
cblr-2937	99	19	's	's	PART
cblr-2937	99	20	uses	use	VERB
cblr-2937	99	21	a	a	DET
cblr-2937	99	22	three	three	NUM
cblr-2937	99	23	-	-	PUNCT
cblr-2937	99	24	level	level	NOUN
cblr-2937	99	25	numerical	numerical	ADJ
cblr-2937	99	26	code	code	NOUN
cblr-2937	99	27	within	within	ADP
cblr-2937	99	28	each	each	DET
cblr-2937	99	29	rating	rating	NOUN
cblr-2937	99	30	grade	grade	NOUN
cblr-2937	99	31	,	,	PUNCT
cblr-2937	99	32	i.e.	i.e.	X
cblr-2937	99	33	,	,	PUNCT
cblr-2937	99	34	b1	b1	NOUN
cblr-2937	99	35	,	,	PUNCT
cblr-2937	99	36	b2	b2	NOUN
cblr-2937	99	37	,	,	PUNCT
cblr-2937	99	38	b3	b3	PROPN
cblr-2937	99	39	.	.	PUNCT
cblr-2937	100	1	timothy	timothy	PROPN
cblr-2937	100	2	j.	j.	PROPN
cblr-2937	100	3	sinclair	sinclair	PROPN
cblr-2937	100	4	,	,	PUNCT
cblr-2937	100	5	the	the	DET
cblr-2937	100	6	new	new	ADJ
cblr-2937	100	7	masters	master	NOUN
cblr-2937	100	8	of	of	ADP
cblr-2937	100	9	capital	capital	NOUN
cblr-2937	100	10	36	36	NUM
cblr-2937	100	11	-	-	SYM
cblr-2937	100	12	39	39	NUM
cblr-2937	100	13	(	(	PUNCT
cblr-2937	100	14	2005	2005	NUM
cblr-2937	100	15	)	)	PUNCT
cblr-2937	100	16	(	(	PUNCT
cblr-2937	100	17	table	table	NOUN
cblr-2937	100	18	of	of	ADP
cblr-2937	100	19	s&p	s&p	PROPN
cblr-2937	100	20	and	and	CCONJ
cblr-2937	100	21	moody	moody	NOUN
cblr-2937	100	22	's	's	PART
cblr-2937	100	23	rating	rating	NOUN
cblr-2937	100	24	gradations	gradation	NOUN
cblr-2937	100	25	)	)	PUNCT
cblr-2937	100	26	.	.	PUNCT
cblr-2937	100	27	"	"	PUNCT
cblr-2937	100	28	see	see	VERB
cblr-2937	100	29	moody	moody	PROPN
cblr-2937	100	30	's	's	PART
cblr-2937	100	31	investors	investor	NOUN
cblr-2937	100	32	service	service	NOUN
cblr-2937	100	33	,	,	PUNCT
cblr-2937	100	34	moody	moody	PROPN
cblr-2937	100	35	's	's	PART
cblr-2937	100	36	rating	rating	NOUN
cblr-2937	100	37	system	system	NOUN
cblr-2937	100	38	in	in	ADP
cblr-2937	100	39	brief	brief	ADJ
cblr-2937	100	40	(	(	PUNCT
cblr-2937	100	41	2006	2006	NUM
cblr-2937	100	42	)	)	PUNCT
cblr-2937	101	1	[	[	X
cblr-2937	101	2	hereinafter	hereinafter	NOUN
cblr-2937	101	3	moody	moody	PROPN
cblr-2937	101	4	's	's	PART
cblr-2937	101	5	rating	rating	NOUN
cblr-2937	101	6	system	system	NOUN
cblr-2937	101	7	]	]	PUNCT
cblr-2937	101	8	(	(	PUNCT
cblr-2937	101	9	"	"	PUNCT
cblr-2937	101	10	the	the	DET
cblr-2937	101	11	lowest	low	ADJ
cblr-2937	101	12	investmentgrade	investmentgrade	NOUN
cblr-2937	101	13	rating	rating	NOUN
cblr-2937	101	14	is	be	AUX
cblr-2937	101	15	baa3	baa3	ADJ
cblr-2937	101	16	.	.	PUNCT
cblr-2937	102	1	the	the	DET
cblr-2937	102	2	highest	high	ADJ
cblr-2937	102	3	speculative	speculative	ADJ
cblr-2937	102	4	-	-	PUNCT
cblr-2937	102	5	grade	grade	NOUN
cblr-2937	102	6	rating	rating	NOUN
cblr-2937	102	7	is	be	AUX
cblr-2937	102	8	bal	bal	ADJ
cblr-2937	102	9	.	.	PUNCT
cblr-2937	102	10	"	"	PUNCT
cblr-2937	102	11	)	)	PUNCT
cblr-2937	102	12	.	.	PUNCT
cblr-2937	103	1	12	12	NUM
cblr-2937	103	2	see	see	VERB
cblr-2937	103	3	fabian	fabian	ADJ
cblr-2937	103	4	dittrich	dittrich	NOUN
cblr-2937	103	5	,	,	PUNCT
cblr-2937	103	6	the	the	DET
cblr-2937	103	7	credit	credit	NOUN
cblr-2937	103	8	rating	rating	NOUN
cblr-2937	103	9	industry	industry	NOUN
cblr-2937	103	10	:	:	PUNCT
cblr-2937	103	11	competition	competition	NOUN
cblr-2937	103	12	and	and	CCONJ
cblr-2937	103	13	regulation	regulation	NOUN
cblr-2937	103	14	17	17	NUM
cblr-2937	103	15	-	-	SYM
cblr-2937	103	16	18	18	NUM
cblr-2937	103	17	(	(	PUNCT
cblr-2937	103	18	unpublished	unpublished	ADJ
cblr-2937	103	19	manuscript	manuscript	NOUN
cblr-2937	103	20	)	)	PUNCT
cblr-2937	103	21	,	,	PUNCT
cblr-2937	103	22	available	available	ADJ
cblr-2937	103	23	at	at	ADP
cblr-2937	103	24	http://papers	http://paper	NOUN
cblr-2937	103	25	.	.	PUNCT
cblr-2937	103	26	ssrn.com/sol3/papers.cfm?abstractid=991821	ssrn.com/sol3/papers.cfm?abstractid=991821	PROPN
cblr-2937	103	27	(	(	PUNCT
cblr-2937	103	28	june	june	PROPN
cblr-2937	103	29	4	4	NUM
cblr-2937	103	30	,	,	PUNCT
cblr-2937	103	31	2007	2007	NUM
cblr-2937	103	32	)	)	PUNCT
cblr-2937	103	33	(	(	PUNCT
cblr-2937	103	34	"	"	PUNCT
cblr-2937	103	35	practically	practically	ADV
cblr-2937	103	36	all	all	DET
cblr-2937	103	37	bonds	bond	NOUN
cblr-2937	103	38	traded	trade	VERB
cblr-2937	103	39	today	today	NOUN
cblr-2937	103	40	in	in	ADP
cblr-2937	103	41	the	the	DET
cblr-2937	103	42	usa	usa	PROPN
cblr-2937	103	43	are	be	AUX
cblr-2937	103	44	rated	rate	VERB
cblr-2937	103	45	by	by	ADP
cblr-2937	103	46	moody	moody	PROPN
cblr-2937	103	47	's	's	PART
cblr-2937	103	48	and	and	CCONJ
cblr-2937	103	49	s&p	s&p	PROPN
cblr-2937	103	50	and	and	CCONJ
cblr-2937	103	51	also	also	ADV
cblr-2937	103	52	a	a	DET
cblr-2937	103	53	large	large	ADJ
cblr-2937	103	54	majority	majority	NOUN
cblr-2937	103	55	of	of	ADP
cblr-2937	103	56	international	international	ADJ
cblr-2937	103	57	issues	issue	NOUN
cblr-2937	103	58	are	be	AUX
cblr-2937	103	59	also	also	ADV
cblr-2937	103	60	rated	rate	VERB
cblr-2937	103	61	by	by	ADP
cblr-2937	103	62	them	they	PRON
cblr-2937	103	63	.	.	PUNCT
cblr-2937	104	1	in	in	ADP
cblr-2937	104	2	2005	2005	NUM
cblr-2937	104	3	fitch	fitch	NOUN
cblr-2937	104	4	rated	rate	VERB
cblr-2937	104	5	66	66	NUM
cblr-2937	104	6	percent	percent	NOUN
cblr-2937	104	7	of	of	ADP
cblr-2937	104	8	all	all	DET
cblr-2937	104	9	debt	debt	NOUN
cblr-2937	104	10	securities	security	NOUN
cblr-2937	104	11	worldwide	worldwide	ADV
cblr-2937	104	12	.	.	PUNCT
cblr-2937	104	13	"	"	PUNCT
cblr-2937	104	14	)	)	PUNCT
cblr-2937	105	1	(	(	PUNCT
cblr-2937	105	2	citations	citation	NOUN
cblr-2937	105	3	omitted	omit	VERB
cblr-2937	105	4	)	)	PUNCT
cblr-2937	105	5	;	;	PUNCT
cblr-2937	105	6	claire	claire	PROPN
cblr-2937	105	7	a.	a.	PROPN
cblr-2937	105	8	hill	hill	PROPN
cblr-2937	105	9	,	,	PUNCT
cblr-2937	105	10	regulating	regulate	VERB
cblr-2937	105	11	the	the	DET
cblr-2937	105	12	rating	rating	NOUN
cblr-2937	105	13	agencies	agency	NOUN
cblr-2937	105	14	,	,	PUNCT
cblr-2937	105	15	82	82	NUM
cblr-2937	105	16	wash	wash	NOUN
cblr-2937	105	17	.	.	PUNCT
cblr-2937	106	1	u.	u.	PROPN
cblr-2937	106	2	l.q	l.q	PROPN
cblr-2937	106	3	.	.	PROPN
cblr-2937	106	4	43	43	NUM
cblr-2937	106	5	,	,	PUNCT
cblr-2937	106	6	59	59	NUM
cblr-2937	106	7	-	-	SYM
cblr-2937	106	8	62	62	NUM
cblr-2937	106	9	(	(	PUNCT
cblr-2937	106	10	2004	2004	NUM
cblr-2937	106	11	)	)	PUNCT
cblr-2937	106	12	(	(	PUNCT
cblr-2937	106	13	describing	describe	VERB
cblr-2937	106	14	"	"	PUNCT
cblr-2937	106	15	two	two	NUM
cblr-2937	106	16	-	-	PUNCT
cblr-2937	106	17	rating	rating	NOUN
cblr-2937	106	18	norm	norm	NOUN
cblr-2937	106	19	"	"	PUNCT
cblr-2937	106	20	in	in	ADP
cblr-2937	106	21	which	which	PRON
cblr-2937	106	22	most	most	ADJ
cblr-2937	106	23	issues	issue	NOUN
cblr-2937	106	24	are	be	AUX
cblr-2937	106	25	rated	rate	VERB
cblr-2937	106	26	by	by	ADP
cblr-2937	106	27	moody	moody	PROPN
cblr-2937	106	28	's	's	PART
cblr-2937	106	29	and	and	CCONJ
cblr-2937	106	30	s&p	s&p	PROPN
cblr-2937	106	31	)	)	PUNCT
cblr-2937	106	32	.	.	PUNCT
cblr-2937	107	1	3	3	NUM
cblr-2937	107	2	see	see	VERB
cblr-2937	107	3	infra	infra	NOUN
cblr-2937	107	4	part	part	NOUN
cblr-2937	107	5	iii.a	iii.a	NUM
cblr-2937	107	6	.	.	PUNCT
cblr-2937	108	1	[	[	X
cblr-2937	108	2	vol	vol	NOUN
cblr-2937	108	3	.	.	PUNCT
cblr-2937	109	1	2009col	2009col	NUM
cblr-2937	109	2	uamia	uamia	NOUN
cblr-2937	109	3	b	b	NOUN
cblr-2937	109	4	usiness	usiness	NOUN
cblr-2937	109	5	la	la	PROPN
cblr-2937	109	6	w	w	PROPN
cblr-2937	109	7	re	re	PROPN
cblr-2937	109	8	vie	vie	PROPN
cblr-2937	109	9	w	w	PROPN
cblr-2937	109	10	credit	credit	PROPN
cblr-2937	109	11	ra	ra	PROPN
cblr-2937	109	12	ting	ting	PROPN
cblr-2937	109	13	agencies	agency	NOUN
cblr-2937	109	14	ratings	rating	NOUN
cblr-2937	109	15	,	,	PUNCT
cblr-2937	109	16	and	and	CCONJ
cblr-2937	109	17	this	this	DET
cblr-2937	109	18	pervasive	pervasive	ADJ
cblr-2937	109	19	incorporation	incorporation	NOUN
cblr-2937	109	20	of	of	ADP
cblr-2937	109	21	ratings	rating	NOUN
cblr-2937	109	22	into	into	ADP
cblr-2937	109	23	the	the	DET
cblr-2937	109	24	financial	financial	ADJ
cblr-2937	109	25	system	system	NOUN
cblr-2937	109	26	may	may	AUX
cblr-2937	109	27	imbue	imbue	VERB
cblr-2937	109	28	them	they	PRON
cblr-2937	109	29	with	with	ADP
cblr-2937	109	30	value	value	NOUN
cblr-2937	109	31	apart	apart	ADV
cblr-2937	109	32	from	from	ADP
cblr-2937	109	33	their	their	PRON
cblr-2937	109	34	quality	quality	NOUN
cblr-2937	109	35	as	as	ADP
cblr-2937	109	36	assessments	assessment	NOUN
cblr-2937	109	37	of	of	ADP
cblr-2937	109	38	creditworthiness	creditworthiness	NOUN
cblr-2937	109	39	.	.	PUNCT
cblr-2937	110	1	4	4	NUM
cblr-2937	110	2	b.	b.	NOUN
cblr-2937	110	3	ratings	rating	NOUN
cblr-2937	110	4	and	and	CCONJ
cblr-2937	110	5	structured	structure	VERB
cblr-2937	110	6	finance	finance	NOUN
cblr-2937	110	7	the	the	DET
cblr-2937	110	8	growth	growth	NOUN
cblr-2937	110	9	of	of	ADP
cblr-2937	110	10	securitization	securitization	NOUN
cblr-2937	110	11	,	,	PUNCT
cblr-2937	110	12	or	or	CCONJ
cblr-2937	110	13	"	"	PUNCT
cblr-2937	110	14	structured	structure	VERB
cblr-2937	110	15	finance,"'5	finance,"'5	PROPN
cblr-2937	110	16	has	have	AUX
cblr-2937	110	17	been	be	AUX
cblr-2937	110	18	one	one	NUM
cblr-2937	110	19	of	of	ADP
cblr-2937	110	20	the	the	DET
cblr-2937	110	21	most	most	ADV
cblr-2937	110	22	important	important	ADJ
cblr-2937	110	23	developments	development	NOUN
cblr-2937	110	24	in	in	ADP
cblr-2937	110	25	finance	finance	NOUN
cblr-2937	110	26	in	in	ADP
cblr-2937	110	27	the	the	DET
cblr-2937	110	28	last	last	ADJ
cblr-2937	110	29	twenty	twenty	NUM
cblr-2937	110	30	-	-	PUNCT
cblr-2937	110	31	five	five	NUM
cblr-2937	110	32	years.16	years.16	NOUN
cblr-2937	110	33	the	the	DET
cblr-2937	110	34	basic	basic	ADJ
cblr-2937	110	35	idea	idea	NOUN
cblr-2937	110	36	of	of	ADP
cblr-2937	110	37	securitization	securitization	NOUN
cblr-2937	110	38	is	be	AUX
cblr-2937	110	39	that	that	SCONJ
cblr-2937	110	40	bundles	bundle	NOUN
cblr-2937	110	41	,	,	PUNCT
cblr-2937	110	42	or	or	CCONJ
cblr-2937	110	43	"	"	PUNCT
cblr-2937	110	44	pools	pool	NOUN
cblr-2937	110	45	,	,	PUNCT
cblr-2937	110	46	"	"	PUNCT
cblr-2937	110	47	of	of	ADP
cblr-2937	110	48	income	income	NOUN
cblr-2937	110	49	-	-	PUNCT
cblr-2937	110	50	producing	produce	VERB
cblr-2937	110	51	financial	financial	ADJ
cblr-2937	110	52	assets	asset	NOUN
cblr-2937	110	53	,	,	PUNCT
cblr-2937	110	54	usually	usually	ADV
cblr-2937	110	55	loan	loan	NOUN
cblr-2937	110	56	-	-	PUNCT
cblr-2937	110	57	like	like	ADJ
cblr-2937	110	58	obligations	obligation	NOUN
cblr-2937	110	59	such	such	ADJ
cblr-2937	110	60	as	as	ADP
cblr-2937	110	61	mortgages	mortgage	NOUN
cblr-2937	110	62	,	,	PUNCT
cblr-2937	110	63	corporate	corporate	ADJ
cblr-2937	110	64	loans	loan	NOUN
cblr-2937	110	65	,	,	PUNCT
cblr-2937	110	66	auto	auto	NOUN
cblr-2937	110	67	loans	loan	NOUN
cblr-2937	110	68	,	,	PUNCT
cblr-2937	110	69	or	or	CCONJ
cblr-2937	110	70	credit	credit	NOUN
cblr-2937	110	71	-	-	PUNCT
cblr-2937	110	72	card	card	NOUN
cblr-2937	110	73	receivables	receivables	NOUN
cblr-2937	110	74	but	but	CCONJ
cblr-2937	110	75	potentially	potentially	ADV
cblr-2937	110	76	also	also	ADV
cblr-2937	110	77	revenue	revenue	NOUN
cblr-2937	110	78	sources	source	NOUN
cblr-2937	110	79	such	such	ADJ
cblr-2937	110	80	as	as	ADP
cblr-2937	110	81	royalty	royalty	NOUN
cblr-2937	110	82	streams	stream	NOUN
cblr-2937	110	83	,	,	PUNCT
cblr-2937	110	84	are	be	AUX
cblr-2937	110	85	sold	sell	VERB
cblr-2937	110	86	to	to	ADP
cblr-2937	110	87	an	an	DET
cblr-2937	110	88	entity	entity	NOUN
cblr-2937	110	89	(	(	PUNCT
cblr-2937	110	90	a	a	DET
cblr-2937	110	91	"	"	PUNCT
cblr-2937	110	92	special	special	ADJ
cblr-2937	110	93	purpose	purpose	NOUN
cblr-2937	110	94	vehicle	vehicle	NOUN
cblr-2937	110	95	"	"	PUNCT
cblr-2937	110	96	)	)	PUNCT
cblr-2937	110	97	that	that	PRON
cblr-2937	110	98	issues	issue	VERB
cblr-2937	110	99	claims	claim	VERB
cblr-2937	110	100	on	on	ADP
cblr-2937	110	101	the	the	DET
cblr-2937	110	102	pool	pool	NOUN
cblr-2937	110	103	income	income	NOUN
cblr-2937	110	104	to	to	ADP
cblr-2937	110	105	investors	investor	NOUN
cblr-2937	110	106	.	.	PUNCT
cblr-2937	111	1	once	once	SCONJ
cblr-2937	111	2	the	the	DET
cblr-2937	111	3	claims	claim	NOUN
cblr-2937	111	4	have	have	AUX
cblr-2937	111	5	been	be	AUX
cblr-2937	111	6	sold	sell	VERB
cblr-2937	111	7	,	,	PUNCT
cblr-2937	111	8	the	the	DET
cblr-2937	111	9	underlying	underlie	VERB
cblr-2937	111	10	assets	asset	NOUN
cblr-2937	111	11	have	have	AUX
cblr-2937	111	12	been	be	AUX
cblr-2937	111	13	"	"	PUNCT
cblr-2937	111	14	securitized	securitized	ADJ
cblr-2937	111	15	.	.	PUNCT
cblr-2937	112	1	"17	"17	NOUN
cblr-2937	112	2	securitization	securitization	NOUN
cblr-2937	112	3	transactions	transaction	NOUN
cblr-2937	112	4	are	be	AUX
cblr-2937	112	5	designed	design	VERB
cblr-2937	112	6	so	so	SCONJ
cblr-2937	112	7	that	that	SCONJ
cblr-2937	112	8	the	the	DET
cblr-2937	112	9	investors	investor	NOUN
cblr-2937	112	10	have	have	VERB
cblr-2937	112	11	no	no	DET
cblr-2937	112	12	recourse	recourse	NOUN
cblr-2937	112	13	to	to	ADP
cblr-2937	112	14	the	the	DET
cblr-2937	112	15	party	party	NOUN
cblr-2937	112	16	that	that	PRON
cblr-2937	112	17	sold	sell	VERB
cblr-2937	112	18	the	the	DET
cblr-2937	112	19	claims	claim	NOUN
cblr-2937	112	20	to	to	ADP
cblr-2937	112	21	the	the	DET
cblr-2937	112	22	investment	investment	NOUN
cblr-2937	112	23	vehicle	vehicle	NOUN
cblr-2937	112	24	,	,	PUNCT
cblr-2937	112	25	"	"	PUNCT
cblr-2937	112	26	and	and	CCONJ
cblr-2937	112	27	creditors	creditor	NOUN
cblr-2937	112	28	of	of	ADP
cblr-2937	112	29	the	the	DET
cblr-2937	112	30	selling	sell	VERB
cblr-2937	112	31	party	party	NOUN
cblr-2937	112	32	'	'	NUM
cblr-2937	112	33	4	4	NUM
cblr-2937	112	34	see	see	VERB
cblr-2937	112	35	infra	infra	NOUN
cblr-2937	112	36	part	part	NOUN
cblr-2937	112	37	iii.b.3	iii.b.3	NOUN
cblr-2937	112	38	.	.	PROPN
cblr-2937	112	39	11	11	NUM
cblr-2937	112	40	this	this	DET
cblr-2937	112	41	article	article	NOUN
cblr-2937	112	42	uses	use	VERB
cblr-2937	112	43	these	these	DET
cblr-2937	112	44	terms	term	NOUN
cblr-2937	112	45	interchangeably	interchangeably	ADV
cblr-2937	112	46	.	.	PUNCT
cblr-2937	113	1	16	16	NUM
cblr-2937	113	2	kenneth	kenneth	PROPN
cblr-2937	113	3	c.	c.	PROPN
cblr-2937	113	4	kettering	kettering	PROPN
cblr-2937	113	5	,	,	PUNCT
cblr-2937	113	6	securitization	securitization	NOUN
cblr-2937	113	7	and	and	CCONJ
cblr-2937	113	8	its	its	PRON
cblr-2937	113	9	discontents	discontent	NOUN
cblr-2937	113	10	:	:	PUNCT
cblr-2937	113	11	the	the	DET
cblr-2937	113	12	dynamics	dynamic	NOUN
cblr-2937	113	13	of	of	ADP
cblr-2937	113	14	financial	financial	ADJ
cblr-2937	113	15	product	product	NOUN
cblr-2937	113	16	development	development	NOUN
cblr-2937	113	17	,	,	PUNCT
cblr-2937	113	18	29	29	NUM
cblr-2937	113	19	cardozo	cardozo	PROPN
cblr-2937	113	20	l.	l.	PROPN
cblr-2937	113	21	rev	rev	PROPN
cblr-2937	113	22	.	.	PROPN
cblr-2937	113	23	1553	1553	NUM
cblr-2937	113	24	,	,	PUNCT
cblr-2937	113	25	1556	1556	NUM
cblr-2937	113	26	(	(	PUNCT
cblr-2937	113	27	2008	2008	NUM
cblr-2937	113	28	)	)	PUNCT
cblr-2937	113	29	(	(	PUNCT
cblr-2937	113	30	referring	refer	VERB
cblr-2937	113	31	to	to	ADP
cblr-2937	113	32	securitization	securitization	NOUN
cblr-2937	113	33	as	as	ADP
cblr-2937	113	34	"	"	PUNCT
cblr-2937	113	35	one	one	NUM
cblr-2937	113	36	of	of	ADP
cblr-2937	113	37	the	the	DET
cblr-2937	113	38	major	major	ADJ
cblr-2937	113	39	financial	financial	ADJ
cblr-2937	113	40	innovations	innovation	NOUN
cblr-2937	113	41	of	of	ADP
cblr-2937	113	42	recent	recent	ADJ
cblr-2937	113	43	decades	decade	NOUN
cblr-2937	113	44	"	"	PUNCT
cblr-2937	113	45	)	)	PUNCT
cblr-2937	113	46	;	;	PUNCT
cblr-2937	113	47	arvind	arvind	PROPN
cblr-2937	113	48	rajan	rajan	PROPN
cblr-2937	113	49	,	,	PUNCT
cblr-2937	113	50	glen	glen	PROPN
cblr-2937	113	51	mcdermott	mcdermott	PROPN
cblr-2937	113	52	&	&	CCONJ
cblr-2937	113	53	ratul	ratul	PROPN
cblr-2937	113	54	roy	roy	PROPN
cblr-2937	113	55	,	,	PUNCT
cblr-2937	113	56	the	the	DET
cblr-2937	113	57	structured	structured	ADJ
cblr-2937	113	58	credit	credit	NOUN
cblr-2937	113	59	handbook	handbook	NOUN
cblr-2937	113	60	3	3	NUM
cblr-2937	113	61	(	(	PUNCT
cblr-2937	113	62	2007	2007	NUM
cblr-2937	113	63	)	)	PUNCT
cblr-2937	113	64	(	(	PUNCT
cblr-2937	113	65	explaining	explain	VERB
cblr-2937	113	66	that	that	SCONJ
cblr-2937	113	67	securitization	securitization	NOUN
cblr-2937	113	68	"	"	PUNCT
cblr-2937	113	69	was	be	AUX
cblr-2937	113	70	pioneered	pioneer	VERB
cblr-2937	113	71	in	in	ADP
cblr-2937	113	72	the	the	DET
cblr-2937	113	73	mortgage	mortgage	NOUN
cblr-2937	113	74	market	market	NOUN
cblr-2937	113	75	in	in	ADP
cblr-2937	113	76	the	the	DET
cblr-2937	113	77	early	early	ADJ
cblr-2937	113	78	1980s	1980	NOUN
cblr-2937	113	79	and	and	CCONJ
cblr-2937	113	80	has	have	AUX
cblr-2937	113	81	since	since	ADV
cblr-2937	113	82	also	also	ADV
cblr-2937	113	83	become	become	VERB
cblr-2937	113	84	the	the	DET
cblr-2937	113	85	key	key	ADJ
cblr-2937	113	86	technology	technology	NOUN
cblr-2937	113	87	behind	behind	ADP
cblr-2937	113	88	asset	asset	NOUN
cblr-2937	113	89	-	-	PUNCT
cblr-2937	113	90	backed	back	VERB
cblr-2937	113	91	securities	security	NOUN
cblr-2937	113	92	"	"	PUNCT
cblr-2937	113	93	)	)	PUNCT
cblr-2937	113	94	;	;	PUNCT
cblr-2937	113	95	turmoil	turmoil	NOUN
cblr-2937	113	96	in	in	ADP
cblr-2937	113	97	u.s	u.s	PROPN
cblr-2937	113	98	.	.	PROPN
cblr-2937	113	99	credit	credit	NOUN
cblr-2937	113	100	markets	market	NOUN
cblr-2937	113	101	:	:	PUNCT
cblr-2937	113	102	the	the	DET
cblr-2937	113	103	role	role	NOUN
cblr-2937	113	104	of	of	ADP
cblr-2937	113	105	the	the	DET
cblr-2937	113	106	credit	credit	NOUN
cblr-2937	113	107	rating	rating	NOUN
cblr-2937	113	108	agencies	agency	NOUN
cblr-2937	113	109	:	:	PUNCT
cblr-2937	113	110	hearing	hear	VERB
cblr-2937	113	111	before	before	ADP
cblr-2937	113	112	the	the	DET
cblr-2937	113	113	s.	s.	PROPN
cblr-2937	113	114	comm	comm	NOUN
cblr-2937	113	115	.	.	PUNCT
cblr-2937	114	1	on	on	ADP
cblr-2937	114	2	banking	banking	NOUN
cblr-2937	114	3	,	,	PUNCT
cblr-2937	114	4	housing	housing	NOUN
cblr-2937	114	5	,	,	PUNCT
cblr-2937	114	6	and	and	CCONJ
cblr-2937	114	7	urban	urban	PROPN
cblr-2937	114	8	affairs	affair	NOUN
cblr-2937	114	9	,	,	PUNCT
cblr-2937	114	10	110th	110th	ADJ
cblr-2937	114	11	cong	cong	NOUN
cblr-2937	114	12	.	.	PUNCT
cblr-2937	114	13	2	2	NUM
cblr-2937	114	14	(	(	PUNCT
cblr-2937	114	15	2008	2008	NUM
cblr-2937	114	16	)	)	PUNCT
cblr-2937	115	1	[	[	X
cblr-2937	115	2	hereinafter	hereinafter	NOUN
cblr-2937	115	3	senate	senate	PROPN
cblr-2937	115	4	turmoil	turmoil	NOUN
cblr-2937	115	5	hearings	hearing	NOUN
cblr-2937	115	6	]	]	PUNCT
cblr-2937	115	7	(	(	PUNCT
cblr-2937	115	8	testimony	testimony	NOUN
cblr-2937	115	9	of	of	ADP
cblr-2937	115	10	arturo	arturo	PROPN
cblr-2937	115	11	cifuentes	cifuentes	PROPN
cblr-2937	115	12	,	,	PUNCT
cblr-2937	115	13	ph.d	ph.d	PROPN
cblr-2937	115	14	.	.	PROPN
cblr-2937	115	15	,	,	PUNCT
cblr-2937	115	16	managing	managing	NOUN
cblr-2937	115	17	director	director	NOUN
cblr-2937	115	18	,	,	PUNCT
cblr-2937	115	19	structured	structured	ADJ
cblr-2937	115	20	finance	finance	NOUN
cblr-2937	115	21	department	department	NOUN
cblr-2937	115	22	,	,	PUNCT
cblr-2937	115	23	r.w	r.w	PROPN
cblr-2937	115	24	.	.	PROPN
cblr-2937	115	25	pressprich	pressprich	PROPN
cblr-2937	115	26	&	&	CCONJ
cblr-2937	115	27	co.	co.	PROPN
cblr-2937	115	28	)	)	PUNCT
cblr-2937	116	1	[	[	X
cblr-2937	116	2	hereinafter	hereinafter	NOUN
cblr-2937	116	3	cifuentes	cifuente	VERB
cblr-2937	116	4	senate	senate	PROPN
cblr-2937	116	5	testimony	testimony	NOUN
cblr-2937	116	6	]	]	PUNCT
cblr-2937	116	7	(	(	PUNCT
cblr-2937	116	8	testifying	testify	VERB
cblr-2937	116	9	that	that	PRON
cblr-2937	116	10	securitization	securitization	NOUN
cblr-2937	116	11	and	and	CCONJ
cblr-2937	116	12	credit	credit	NOUN
cblr-2937	116	13	derivatives	derivative	NOUN
cblr-2937	116	14	created	create	VERB
cblr-2937	116	15	an	an	DET
cblr-2937	116	16	"	"	PUNCT
cblr-2937	116	17	alternative	alternative	ADJ
cblr-2937	116	18	banking	banking	NOUN
cblr-2937	116	19	system	system	NOUN
cblr-2937	116	20	,	,	PUNCT
cblr-2937	116	21	"	"	PUNCT
cblr-2937	116	22	"	"	PUNCT
cblr-2937	116	23	several	several	ADJ
cblr-2937	116	24	us$	us$	SYM
cblr-2937	116	25	trillions	trillion	NOUN
cblr-2937	116	26	in	in	ADP
cblr-2937	116	27	size	size	NOUN
cblr-2937	116	28	"	"	PUNCT
cblr-2937	116	29	that	that	PRON
cblr-2937	116	30	"	"	PUNCT
cblr-2937	116	31	has	have	AUX
cblr-2937	116	32	been	be	AUX
cblr-2937	116	33	an	an	DET
cblr-2937	116	34	engine	engine	NOUN
cblr-2937	116	35	of	of	ADP
cblr-2937	116	36	growth	growth	NOUN
cblr-2937	116	37	for	for	ADP
cblr-2937	116	38	the	the	DET
cblr-2937	116	39	u.s	u.s	PROPN
cblr-2937	116	40	.	.	PROPN
cblr-2937	116	41	economy	economy	NOUN
cblr-2937	116	42	"	"	PUNCT
cblr-2937	116	43	)	)	PUNCT
cblr-2937	116	44	.	.	PUNCT
cblr-2937	117	1	17	17	NUM
cblr-2937	117	2	for	for	ADP
cblr-2937	117	3	a	a	DET
cblr-2937	117	4	more	more	ADV
cblr-2937	117	5	detailed	detailed	ADJ
cblr-2937	117	6	recent	recent	ADJ
cblr-2937	117	7	description	description	NOUN
cblr-2937	117	8	of	of	ADP
cblr-2937	117	9	the	the	DET
cblr-2937	117	10	basics	basic	NOUN
cblr-2937	117	11	of	of	ADP
cblr-2937	117	12	securitization	securitization	NOUN
cblr-2937	117	13	,	,	PUNCT
cblr-2937	117	14	see	see	VERB
cblr-2937	117	15	kettering	kettering	PROPN
cblr-2937	117	16	,	,	PUNCT
cblr-2937	117	17	supra	supra	PROPN
cblr-2937	117	18	note	note	PROPN
cblr-2937	117	19	16	16	NUM
cblr-2937	117	20	,	,	PUNCT
cblr-2937	117	21	at	at	ADP
cblr-2937	117	22	1564	1564	NUM
cblr-2937	117	23	-	-	SYM
cblr-2937	117	24	80	80	NUM
cblr-2937	117	25	.	.	PUNCT
cblr-2937	118	1	18	18	NUM
cblr-2937	118	2	see	see	VERB
cblr-2937	118	3	,	,	PUNCT
cblr-2937	118	4	e.g.	e.g.	ADV
cblr-2937	118	5	,	,	PUNCT
cblr-2937	118	6	steven	steven	PROPN
cblr-2937	118	7	l.	l.	PROPN
cblr-2937	118	8	schwarcz	schwarcz	PROPN
cblr-2937	118	9	,	,	PUNCT
cblr-2937	118	10	structured	structured	ADJ
cblr-2937	118	11	finance	finance	NOUN
cblr-2937	118	12	:	:	PUNCT
cblr-2937	118	13	the	the	DET
cblr-2937	118	14	principles	principle	NOUN
cblr-2937	118	15	of	of	ADP
cblr-2937	118	16	asset	asset	NOUN
cblr-2937	118	17	securitization	securitization	NOUN
cblr-2937	118	18	7	7	NUM
cblr-2937	118	19	(	(	PUNCT
cblr-2937	118	20	3d	3d	NUM
cblr-2937	118	21	ed	ed	NOUN
cblr-2937	118	22	.	.	PROPN
cblr-2937	118	23	2002	2002	NUM
cblr-2937	118	24	)	)	PUNCT
cblr-2937	118	25	;	;	PUNCT
cblr-2937	118	26	kettering	kettering	PROPN
cblr-2937	118	27	,	,	PUNCT
cblr-2937	118	28	supra	supra	PROPN
cblr-2937	118	29	note	note	PROPN
cblr-2937	118	30	16	16	NUM
cblr-2937	118	31	,	,	PUNCT
cblr-2937	118	32	at	at	ADP
cblr-2937	118	33	1565	1565	NUM
cblr-2937	118	34	.	.	PUNCT
cblr-2937	119	1	no	no	INTJ
cblr-2937	119	2	.	.	NOUN
cblr-2937	119	3	1	1	NUM
cblr-2937	119	4	:	:	SYM
cblr-2937	119	5	1091	1091	NUM
cblr-2937	119	6	typically	typically	ADV
cblr-2937	119	7	have	have	VERB
cblr-2937	119	8	no	no	DET
cblr-2937	119	9	ability	ability	NOUN
cblr-2937	119	10	to	to	PART
cblr-2937	119	11	pursue	pursue	VERB
cblr-2937	119	12	the	the	DET
cblr-2937	119	13	assets	asset	NOUN
cblr-2937	119	14	sold	sell	VERB
cblr-2937	119	15	to	to	ADP
cblr-2937	119	16	the	the	DET
cblr-2937	119	17	investment	investment	NOUN
cblr-2937	119	18	vehicle	vehicle	NOUN
cblr-2937	119	19	.	.	PUNCT
cblr-2937	120	1	19	19	NUM
cblr-2937	120	2	a	a	DET
cblr-2937	120	3	critical	critical	ADJ
cblr-2937	120	4	feature	feature	NOUN
cblr-2937	120	5	of	of	ADP
cblr-2937	120	6	structured	structured	ADJ
cblr-2937	120	7	finance	finance	NOUN
cblr-2937	120	8	is	be	AUX
cblr-2937	120	9	allocating	allocate	VERB
cblr-2937	120	10	the	the	DET
cblr-2937	120	11	cash	cash	NOUN
cblr-2937	120	12	flows	flow	NOUN
cblr-2937	120	13	generated	generate	VERB
cblr-2937	120	14	by	by	ADP
cblr-2937	120	15	the	the	DET
cblr-2937	120	16	pool	pool	NOUN
cblr-2937	120	17	into	into	ADP
cblr-2937	120	18	different	different	ADJ
cblr-2937	120	19	classes	class	NOUN
cblr-2937	120	20	of	of	ADP
cblr-2937	120	21	securities	security	NOUN
cblr-2937	120	22	,	,	PUNCT
cblr-2937	120	23	or	or	CCONJ
cblr-2937	120	24	"	"	PUNCT
cblr-2937	120	25	tranches	tranche	NOUN
cblr-2937	120	26	.	.	PUNCT
cblr-2937	120	27	"	"	PUNCT
cblr-2937	121	1	0	0	PUNCT
cblr-2937	121	2	typically	typically	ADV
cblr-2937	121	3	,	,	PUNCT
cblr-2937	121	4	cash	cash	NOUN
cblr-2937	121	5	flows	flow	NOUN
cblr-2937	121	6	are	be	AUX
cblr-2937	121	7	divided	divide	VERB
cblr-2937	121	8	into	into	ADP
cblr-2937	121	9	senior	senior	ADJ
cblr-2937	121	10	,	,	PUNCT
cblr-2937	121	11	mezzanine	mezzanine	ADJ
cblr-2937	121	12	and	and	CCONJ
cblr-2937	121	13	junior	junior	ADJ
cblr-2937	121	14	tiers	tier	NOUN
cblr-2937	121	15	,	,	PUNCT
cblr-2937	121	16	with	with	ADP
cblr-2937	121	17	losses	loss	NOUN
cblr-2937	121	18	from	from	ADP
cblr-2937	121	19	pool	pool	NOUN
cblr-2937	121	20	defaults	default	NOUN
cblr-2937	121	21	first	first	ADV
cblr-2937	121	22	causing	cause	VERB
cblr-2937	121	23	losses	loss	NOUN
cblr-2937	121	24	in	in	ADP
cblr-2937	121	25	the	the	DET
cblr-2937	121	26	junior	junior	ADJ
cblr-2937	121	27	tiers	tier	NOUN
cblr-2937	121	28	,	,	PUNCT
cblr-2937	121	29	then	then	ADV
cblr-2937	121	30	in	in	ADP
cblr-2937	121	31	mezzanine	mezzanine	NOUN
cblr-2937	121	32	tiers	tier	NOUN
cblr-2937	121	33	once	once	SCONJ
cblr-2937	121	34	the	the	DET
cblr-2937	121	35	junior	junior	ADJ
cblr-2937	121	36	tiers	tier	NOUN
cblr-2937	121	37	are	be	AUX
cblr-2937	121	38	exhausted	exhaust	VERB
cblr-2937	121	39	,	,	PUNCT
cblr-2937	121	40	and	and	CCONJ
cblr-2937	121	41	finally	finally	ADV
cblr-2937	121	42	in	in	ADP
cblr-2937	121	43	the	the	DET
cblr-2937	121	44	senior	senior	ADJ
cblr-2937	121	45	tiers	tier	NOUN
cblr-2937	121	46	.	.	PUNCT
cblr-2937	121	47	"	"	PUNCT
cblr-2937	122	1	the	the	DET
cblr-2937	122	2	senior	senior	ADJ
cblr-2937	122	3	tiers	tier	NOUN
cblr-2937	122	4	have	have	VERB
cblr-2937	122	5	the	the	DET
cblr-2937	122	6	smallest	small	ADJ
cblr-2937	122	7	default	default	NOUN
cblr-2937	122	8	risk	risk	NOUN
cblr-2937	122	9	exposure	exposure	NOUN
cblr-2937	122	10	,	,	PUNCT
cblr-2937	122	11	will	will	AUX
cblr-2937	122	12	promise	promise	VERB
cblr-2937	122	13	the	the	DET
cblr-2937	122	14	lowest	low	ADJ
cblr-2937	122	15	interest	interest	NOUN
cblr-2937	122	16	rates	rate	NOUN
cblr-2937	122	17	to	to	ADP
cblr-2937	122	18	investors	investor	NOUN
cblr-2937	122	19	,	,	PUNCT
cblr-2937	122	20	and	and	CCONJ
cblr-2937	122	21	will	will	AUX
cblr-2937	122	22	carry	carry	VERB
cblr-2937	122	23	the	the	DET
cblr-2937	122	24	highest	high	ADJ
cblr-2937	122	25	credit	credit	NOUN
cblr-2937	122	26	ratings.22	ratings.22	NOUN
cblr-2937	122	27	because	because	SCONJ
cblr-2937	122	28	the	the	DET
cblr-2937	122	29	senior	senior	ADJ
cblr-2937	122	30	tiers	tier	NOUN
cblr-2937	122	31	pay	pay	VERB
cblr-2937	122	32	the	the	DET
cblr-2937	122	33	least	least	ADJ
cblr-2937	122	34	in	in	ADP
cblr-2937	122	35	interest	interest	NOUN
cblr-2937	122	36	,	,	PUNCT
cblr-2937	122	37	it	it	PRON
cblr-2937	122	38	is	be	AUX
cblr-2937	122	39	in	in	ADP
cblr-2937	122	40	the	the	DET
cblr-2937	122	41	originator	originator	NOUN
cblr-2937	122	42	's	's	PART
cblr-2937	122	43	interest	interest	NOUN
cblr-2937	122	44	to	to	PART
cblr-2937	122	45	maximize	maximize	VERB
cblr-2937	122	46	the	the	DET
cblr-2937	122	47	amount	amount	NOUN
cblr-2937	122	48	of	of	ADP
cblr-2937	122	49	senior	senior	ADJ
cblr-2937	122	50	securities	security	NOUN
cblr-2937	122	51	issued	issue	VERB
cblr-2937	122	52	from	from	ADP
cblr-2937	122	53	the	the	DET
cblr-2937	122	54	pool	pool	NOUN
cblr-2937	122	55	.	.	PUNCT
cblr-2937	123	1	at	at	ADP
cblr-2937	123	2	the	the	DET
cblr-2937	123	3	same	same	ADJ
cblr-2937	123	4	time	time	NOUN
cblr-2937	123	5	,	,	PUNCT
cblr-2937	123	6	the	the	DET
cblr-2937	123	7	junior	junior	ADJ
cblr-2937	123	8	tiers	tier	NOUN
cblr-2937	123	9	must	must	AUX
cblr-2937	123	10	be	be	AUX
cblr-2937	123	11	large	large	ADJ
cblr-2937	123	12	enough	enough	ADV
cblr-2937	123	13	to	to	PART
cblr-2937	123	14	provide	provide	VERB
cblr-2937	123	15	enough	enough	ADJ
cblr-2937	123	16	of	of	ADP
cblr-2937	123	17	a	a	DET
cblr-2937	123	18	"	"	PUNCT
cblr-2937	123	19	cushion	cushion	NOUN
cblr-2937	123	20	"	"	PUNCT
cblr-2937	123	21	to	to	PART
cblr-2937	123	22	make	make	VERB
cblr-2937	123	23	it	it	PRON
cblr-2937	123	24	credible	credible	ADJ
cblr-2937	123	25	to	to	PART
cblr-2937	123	26	claim	claim	VERB
cblr-2937	123	27	that	that	SCONJ
cblr-2937	123	28	the	the	DET
cblr-2937	123	29	senior	senior	ADJ
cblr-2937	123	30	tiers	tier	NOUN
cblr-2937	123	31	actually	actually	ADV
cblr-2937	123	32	face	face	VERB
cblr-2937	123	33	only	only	ADV
cblr-2937	123	34	low	low	ADJ
cblr-2937	123	35	default	default	NOUN
cblr-2937	123	36	risk	risk	NOUN
cblr-2937	123	37	.	.	PUNCT
cblr-2937	124	1	calculating	calculate	VERB
cblr-2937	124	2	just	just	ADV
cblr-2937	124	3	how	how	SCONJ
cblr-2937	124	4	much	much	ADJ
cblr-2937	124	5	principal	principal	NOUN
cblr-2937	124	6	should	should	AUX
cblr-2937	124	7	be	be	AUX
cblr-2937	124	8	assigned	assign	VERB
cblr-2937	124	9	to	to	ADP
cblr-2937	124	10	each	each	DET
cblr-2937	124	11	tier	tier	NOUN
cblr-2937	124	12	can	can	AUX
cblr-2937	124	13	be	be	AUX
cblr-2937	124	14	complicated	complicate	VERB
cblr-2937	124	15	,	,	PUNCT
cblr-2937	124	16	and	and	CCONJ
cblr-2937	124	17	it	it	PRON
cblr-2937	124	18	is	be	AUX
cblr-2937	124	19	typically	typically	ADV
cblr-2937	124	20	carried	carry	VERB
cblr-2937	124	21	out	out	ADP
cblr-2937	124	22	by	by	ADP
cblr-2937	124	23	practitioners	practitioner	NOUN
cblr-2937	124	24	skilled	skilled	ADJ
cblr-2937	124	25	in	in	ADP
cblr-2937	124	26	the	the	DET
cblr-2937	124	27	discipline	discipline	NOUN
cblr-2937	124	28	called	call	VERB
cblr-2937	124	29	"	"	PUNCT
cblr-2937	124	30	financial	financial	ADJ
cblr-2937	124	31	engineering	engineering	NOUN
cblr-2937	124	32	"	"	PUNCT
cblr-2937	124	33	or	or	CCONJ
cblr-2937	124	34	"	"	PUNCT
cblr-2937	124	35	quantitative	quantitative	ADJ
cblr-2937	124	36	finance	finance	NOUN
cblr-2937	124	37	.	.	PUNCT
cblr-2937	125	1	"	"	PUNCT
cblr-2937	125	2	securitized	securitized	ADJ
cblr-2937	125	3	products	product	NOUN
cblr-2937	125	4	have	have	AUX
cblr-2937	125	5	become	become	VERB
cblr-2937	125	6	more	more	ADV
cblr-2937	125	7	complicated	complicated	ADJ
cblr-2937	125	8	over	over	ADP
cblr-2937	125	9	time	time	NOUN
cblr-2937	125	10	,	,	PUNCT
cblr-2937	125	11	particularly	particularly	ADV
cblr-2937	125	12	in	in	ADP
cblr-2937	125	13	the	the	DET
cblr-2937	125	14	recent	recent	ADJ
cblr-2937	125	15	past	past	NOUN
cblr-2937	125	16	.	.	PUNCT
cblr-2937	126	1	structured	structure	VERB
cblr-2937	126	2	-	-	PUNCT
cblr-2937	126	3	finance	finance	NOUN
cblr-2937	126	4	products	product	NOUN
cblr-2937	126	5	that	that	PRON
cblr-2937	126	6	are	be	AUX
cblr-2937	126	7	particularly	particularly	ADV
cblr-2937	126	8	relevant	relevant	ADJ
cblr-2937	126	9	to	to	ADP
cblr-2937	126	10	this	this	DET
cblr-2937	126	11	article	article	NOUN
cblr-2937	126	12	include	include	VERB
cblr-2937	126	13	subprime	subprime	ADJ
cblr-2937	126	14	residential	residential	ADJ
cblr-2937	126	15	mortgage	mortgage	NOUN
cblr-2937	126	16	-	-	PUNCT
cblr-2937	126	17	backed	back	VERB
cblr-2937	126	18	securities	security	NOUN
cblr-2937	126	19	(	(	PUNCT
cblr-2937	126	20	rmbs	rmbs	PROPN
cblr-2937	126	21	)	)	PUNCT
cblr-2937	126	22	19	19	NUM
cblr-2937	126	23	see	see	VERB
cblr-2937	126	24	,	,	PUNCT
cblr-2937	126	25	e.g.	e.g.	ADV
cblr-2937	126	26	,	,	PUNCT
cblr-2937	126	27	schwarcz	schwarcz	NOUN
cblr-2937	126	28	,	,	PUNCT
cblr-2937	126	29	supra	supra	PROPN
cblr-2937	126	30	note	note	PROPN
cblr-2937	126	31	18	18	NUM
cblr-2937	126	32	,	,	PUNCT
cblr-2937	126	33	at	at	ADP
cblr-2937	126	34	69	69	NUM
cblr-2937	126	35	;	;	PUNCT
cblr-2937	126	36	kettering	kettering	PROPN
cblr-2937	126	37	,	,	PUNCT
cblr-2937	126	38	supra	supra	PROPN
cblr-2937	126	39	note	note	PROPN
cblr-2937	126	40	16	16	NUM
cblr-2937	126	41	,	,	PUNCT
cblr-2937	126	42	at	at	ADP
cblr-2937	126	43	1565	1565	NUM
cblr-2937	126	44	-	-	SYM
cblr-2937	126	45	66	66	NUM
cblr-2937	126	46	.	.	PUNCT
cblr-2937	127	1	this	this	DET
cblr-2937	127	2	feature	feature	NOUN
cblr-2937	127	3	has	have	AUX
cblr-2937	127	4	raised	raise	VERB
cblr-2937	127	5	concerns	concern	NOUN
cblr-2937	127	6	that	that	SCONJ
cblr-2937	127	7	securitization	securitization	NOUN
cblr-2937	127	8	's	's	PART
cblr-2937	127	9	benefits	benefit	NOUN
cblr-2937	127	10	for	for	ADP
cblr-2937	127	11	issuers	issuer	NOUN
cblr-2937	127	12	arise	arise	VERB
cblr-2937	127	13	from	from	ADP
cblr-2937	127	14	a	a	DET
cblr-2937	127	15	wealth	wealth	NOUN
cblr-2937	127	16	transfer	transfer	NOUN
cblr-2937	127	17	away	away	ADV
cblr-2937	127	18	from	from	ADP
cblr-2937	127	19	unsecured	unsecured	ADJ
cblr-2937	127	20	creditors	creditor	NOUN
cblr-2937	127	21	.	.	PUNCT
cblr-2937	128	1	see	see	VERB
cblr-2937	128	2	lois	lois	PROPN
cblr-2937	128	3	r.	r.	PROPN
cblr-2937	128	4	lupica	lupica	PROPN
cblr-2937	128	5	,	,	PUNCT
cblr-2937	128	6	asset	asset	NOUN
cblr-2937	128	7	securitization	securitization	NOUN
cblr-2937	128	8	:	:	PUNCT
cblr-2937	128	9	the	the	DET
cblr-2937	128	10	unsecured	unsecured	ADJ
cblr-2937	128	11	creditor	creditor	NOUN
cblr-2937	128	12	's	's	PART
cblr-2937	128	13	perspective	perspective	NOUN
cblr-2937	128	14	,	,	PUNCT
cblr-2937	128	15	76	76	NUM
cblr-2937	128	16	tex	tex	PROPN
cblr-2937	128	17	.	.	PROPN
cblr-2937	128	18	l.	l.	PROPN
cblr-2937	128	19	rev	rev	PROPN
cblr-2937	128	20	.	.	PROPN
cblr-2937	128	21	595	595	NUM
cblr-2937	128	22	,	,	PUNCT
cblr-2937	128	23	597	597	NUM
cblr-2937	128	24	(	(	PUNCT
cblr-2937	128	25	1998	1998	NUM
cblr-2937	128	26	)	)	PUNCT
cblr-2937	128	27	.	.	PUNCT
cblr-2937	129	1	20	20	NUM
cblr-2937	129	2	tranches	tranche	NOUN
cblr-2937	129	3	may	may	AUX
cblr-2937	129	4	have	have	VERB
cblr-2937	129	5	structural	structural	ADJ
cblr-2937	129	6	characteristics	characteristic	NOUN
cblr-2937	129	7	other	other	ADJ
cblr-2937	129	8	than	than	ADP
cblr-2937	129	9	seniority	seniority	NOUN
cblr-2937	129	10	.	.	PUNCT
cblr-2937	130	1	for	for	ADP
cblr-2937	130	2	example	example	NOUN
cblr-2937	130	3	,	,	PUNCT
cblr-2937	130	4	many	many	ADJ
cblr-2937	130	5	mortgage	mortgage	NOUN
cblr-2937	130	6	-	-	PUNCT
cblr-2937	130	7	based	base	VERB
cblr-2937	130	8	security	security	NOUN
cblr-2937	130	9	tranches	tranche	NOUN
cblr-2937	130	10	are	be	AUX
cblr-2937	130	11	"	"	PUNCT
cblr-2937	130	12	interest	interest	NOUN
cblr-2937	130	13	-	-	PUNCT
cblr-2937	130	14	only	only	ADV
cblr-2937	130	15	"	"	PUNCT
cblr-2937	130	16	or	or	CCONJ
cblr-2937	130	17	"	"	PUNCT
cblr-2937	130	18	principal	principal	NOUN
cblr-2937	130	19	-	-	PUNCT
cblr-2937	130	20	only"-they	only"-they	NOUN
cblr-2937	130	21	pay	pay	NOUN
cblr-2937	130	22	from	from	ADP
cblr-2937	130	23	either	either	CCONJ
cblr-2937	130	24	the	the	DET
cblr-2937	130	25	interest	interest	NOUN
cblr-2937	130	26	or	or	CCONJ
cblr-2937	130	27	the	the	DET
cblr-2937	130	28	principal	principal	ADJ
cblr-2937	130	29	portion	portion	NOUN
cblr-2937	130	30	of	of	ADP
cblr-2937	130	31	payments	payment	NOUN
cblr-2937	130	32	received	receive	VERB
cblr-2937	130	33	on	on	ADP
cblr-2937	130	34	the	the	DET
cblr-2937	130	35	underlying	underlie	VERB
cblr-2937	130	36	pool	pool	NOUN
cblr-2937	130	37	of	of	ADP
cblr-2937	130	38	mortgages	mortgage	NOUN
cblr-2937	130	39	.	.	PUNCT
cblr-2937	131	1	see	see	VERB
cblr-2937	131	2	salomon	salomon	PROPN
cblr-2937	131	3	smith	smith	PROPN
cblr-2937	131	4	barney	barney	PROPN
cblr-2937	131	5	guide	guide	PROPN
cblr-2937	131	6	to	to	ADP
cblr-2937	131	7	mortgage	mortgage	NOUN
cblr-2937	131	8	-	-	PUNCT
cblr-2937	131	9	backed	back	VERB
cblr-2937	131	10	and	and	CCONJ
cblr-2937	131	11	asset	asset	NOUN
cblr-2937	131	12	-	-	PUNCT
cblr-2937	131	13	backed	back	VERB
cblr-2937	131	14	securities	security	NOUN
cblr-2937	131	15	51	51	NUM
cblr-2937	131	16	-	-	SYM
cblr-2937	131	17	52	52	NUM
cblr-2937	131	18	(	(	PUNCT
cblr-2937	131	19	lakhbir	lakhbir	PROPN
cblr-2937	131	20	hayre	hayre	PROPN
cblr-2937	131	21	ed	ed	PROPN
cblr-2937	131	22	.	.	PROPN
cblr-2937	131	23	,	,	PUNCT
cblr-2937	131	24	2001	2001	NUM
cblr-2937	131	25	)	)	PUNCT
cblr-2937	131	26	.	.	PUNCT
cblr-2937	132	1	21	21	NUM
cblr-2937	132	2	see	see	VERB
cblr-2937	132	3	ratul	ratul	PROPN
cblr-2937	132	4	roy	roy	PROPN
cblr-2937	132	5	&	&	CCONJ
cblr-2937	132	6	glen	glen	PROPN
cblr-2937	132	7	mcdermott	mcdermott	PROPN
cblr-2937	132	8	,	,	PUNCT
cblr-2937	132	9	abs	ab	NOUN
cblr-2937	132	10	cdos	cdo	NOUN
cblr-2937	132	11	,	,	PUNCT
cblr-2937	132	12	in	in	ADP
cblr-2937	132	13	the	the	DET
cblr-2937	132	14	structured	structured	ADJ
cblr-2937	132	15	credit	credit	NOUN
cblr-2937	132	16	handbook	handbook	NOUN
cblr-2937	132	17	335	335	NUM
cblr-2937	132	18	,	,	PUNCT
cblr-2937	132	19	335	335	NUM
cblr-2937	132	20	(	(	PUNCT
cblr-2937	132	21	arvind	arvind	PROPN
cblr-2937	132	22	rajan	rajan	PROPN
cblr-2937	132	23	,	,	PUNCT
cblr-2937	132	24	glen	glen	PROPN
cblr-2937	132	25	mcdermott	mcdermott	PROPN
cblr-2937	132	26	&	&	CCONJ
cblr-2937	132	27	ratul	ratul	PROPN
cblr-2937	132	28	roy	roy	PROPN
cblr-2937	132	29	eds	eds	PROPN
cblr-2937	132	30	.	.	PROPN
cblr-2937	132	31	,	,	PUNCT
cblr-2937	132	32	2007	2007	NUM
cblr-2937	132	33	)	)	PUNCT
cblr-2937	132	34	.	.	PUNCT
cblr-2937	133	1	22	22	NUM
cblr-2937	133	2	see	see	VERB
cblr-2937	133	3	roy	roy	PROPN
cblr-2937	133	4	&	&	CCONJ
cblr-2937	133	5	mcdermott	mcdermott	PROPN
cblr-2937	133	6	,	,	PUNCT
cblr-2937	133	7	supra	supra	PROPN
cblr-2937	133	8	note	note	PROPN
cblr-2937	133	9	21	21	NUM
cblr-2937	133	10	,	,	PUNCT
cblr-2937	133	11	at	at	ADP
cblr-2937	133	12	335	335	NUM
cblr-2937	133	13	.	.	PUNCT
cblr-2937	134	1	col	col	PROPN
cblr-2937	134	2	umbia	umbia	PROPN
cblr-2937	134	3	b	b	PROPN
cblr-2937	134	4	usiness	usiness	PROPN
cblr-2937	134	5	la	la	PROPN
cblr-2937	134	6	w	w	PROPN
cblr-2937	134	7	re	re	PROPN
cblr-2937	134	8	vie	vie	PROPN
cblr-2937	134	9	w	w	PROPN
cblr-2937	135	1	[	[	X
cblr-2937	135	2	vol	vol	NOUN
cblr-2937	135	3	.	.	NOUN
cblr-2937	135	4	2009	2009	NUM
cblr-2937	135	5	and	and	CCONJ
cblr-2937	135	6	collateralized	collateralized	ADJ
cblr-2937	135	7	debt	debt	NOUN
cblr-2937	135	8	obligations	obligation	NOUN
cblr-2937	135	9	(	(	PUNCT
cblr-2937	135	10	cdos	cdo	NOUN
cblr-2937	135	11	)	)	PUNCT
cblr-2937	135	12	based	base	VERB
cblr-2937	135	13	on	on	ADP
cblr-2937	135	14	subprime	subprime	ADJ
cblr-2937	135	15	rmbs	rmb	NOUN
cblr-2937	135	16	.	.	PUNCT
cblr-2937	136	1	rmbs	rmb	NOUN
cblr-2937	136	2	are	be	AUX
cblr-2937	136	3	securitized	securitized	ADJ
cblr-2937	136	4	products	product	NOUN
cblr-2937	136	5	in	in	ADP
cblr-2937	136	6	which	which	PRON
cblr-2937	136	7	residential	residential	ADJ
cblr-2937	136	8	home	home	NOUN
cblr-2937	136	9	mortgages	mortgage	NOUN
cblr-2937	136	10	are	be	AUX
cblr-2937	136	11	the	the	DET
cblr-2937	136	12	underlying	underlie	VERB
cblr-2937	136	13	assets	asset	NOUN
cblr-2937	136	14	.	.	PUNCT
cblr-2937	137	1	tranched	tranche	VERB
cblr-2937	137	2	rmbs	rmbs	PROPN
cblr-2937	137	3	themselves	themselves	PRON
cblr-2937	137	4	are	be	AUX
cblr-2937	137	5	not	not	PART
cblr-2937	137	6	especially	especially	ADV
cblr-2937	137	7	innovative	innovative	ADJ
cblr-2937	137	8	,	,	PUNCT
cblr-2937	137	9	having	having	AUX
cblr-2937	137	10	been	be	AUX
cblr-2937	137	11	pioneered	pioneer	VERB
cblr-2937	137	12	in	in	ADP
cblr-2937	137	13	the	the	DET
cblr-2937	137	14	1980s,23	1980s,23	NUM
cblr-2937	137	15	but	but	CCONJ
cblr-2937	137	16	subprime	subprime	ADJ
cblr-2937	137	17	rmbs	rmbs	PROPN
cblr-2937	137	18	securitization	securitization	NOUN
cblr-2937	137	19	did	do	AUX
cblr-2937	137	20	not	not	PART
cblr-2937	137	21	become	become	VERB
cblr-2937	137	22	important	important	ADJ
cblr-2937	137	23	until	until	SCONJ
cblr-2937	137	24	this	this	DET
cblr-2937	137	25	decade.24	decade.24	PROPN
cblr-2937	137	26	rmbs	rmbs	X
cblr-2937	137	27	-	-	PUNCT
cblr-2937	137	28	backed	back	VERB
cblr-2937	137	29	cdos	cdo	NOUN
cblr-2937	137	30	are	be	AUX
cblr-2937	137	31	structured	structure	VERB
cblr-2937	137	32	finance	finance	NOUN
cblr-2937	137	33	products	product	NOUN
cblr-2937	137	34	in	in	ADP
cblr-2937	137	35	which	which	PRON
cblr-2937	137	36	rmbs	rmb	NOUN
cblr-2937	137	37	are	be	AUX
cblr-2937	137	38	the	the	DET
cblr-2937	137	39	underlying	underlie	VERB
cblr-2937	137	40	assets.25	assets.25	NOUN
cblr-2937	137	41	rmbs	rmb	NOUN
cblr-2937	137	42	often	often	ADV
cblr-2937	137	43	are	be	AUX
cblr-2937	137	44	registered26	registered26	ADJ
cblr-2937	137	45	and	and	CCONJ
cblr-2937	137	46	cdos	cdo	NOUN
cblr-2937	137	47	typically	typically	ADV
cblr-2937	137	48	are	be	AUX
cblr-2937	137	49	not.27	not.27	ADJ
cblr-2937	137	50	cdos	cdo	NOUN
cblr-2937	137	51	are	be	AUX
cblr-2937	137	52	sold	sell	VERB
cblr-2937	137	53	via	via	ADP
cblr-2937	137	54	rule	rule	NOUN
cblr-2937	137	55	144a	144a	ADJ
cblr-2937	137	56	offerings	offering	NOUN
cblr-2937	137	57	,	,	PUNCT
cblr-2937	137	58	so	so	SCONJ
cblr-2937	137	59	the	the	DET
cblr-2937	137	60	offerees	offeree	NOUN
cblr-2937	137	61	must	must	AUX
cblr-2937	137	62	be	be	AUX
cblr-2937	137	63	qualified	qualified	ADJ
cblr-2937	137	64	institutional	institutional	ADJ
cblr-2937	137	65	investors	investor	NOUN
cblr-2937	137	66	such	such	ADJ
cblr-2937	137	67	as	as	ADP
cblr-2937	137	68	pension	pension	NOUN
cblr-2937	137	69	plans	plan	NOUN
cblr-2937	137	70	,	,	PUNCT
cblr-2937	137	71	hedge	hedge	NOUN
cblr-2937	137	72	funds	fund	NOUN
cblr-2937	137	73	,	,	PUNCT
cblr-2937	137	74	investment	investment	NOUN
cblr-2937	137	75	banks	bank	NOUN
cblr-2937	137	76	,	,	PUNCT
cblr-2937	137	77	and	and	CCONJ
cblr-2937	137	78	municipalities.25	municipalities.25	PROPN
cblr-2937	137	79	investors	investor	NOUN
cblr-2937	137	80	can	can	AUX
cblr-2937	137	81	also	also	ADV
cblr-2937	137	82	be	be	AUX
cblr-2937	137	83	paid	pay	VERB
cblr-2937	137	84	to	to	PART
cblr-2937	137	85	take	take	VERB
cblr-2937	137	86	credit	credit	NOUN
cblr-2937	137	87	risk	risk	NOUN
cblr-2937	137	88	associated	associate	VERB
cblr-2937	137	89	with	with	ADP
cblr-2937	137	90	particular	particular	ADJ
cblr-2937	137	91	issuers	issuer	NOUN
cblr-2937	137	92	or	or	CCONJ
cblr-2937	137	93	tranches	tranche	NOUN
cblr-2937	137	94	via	via	ADP
cblr-2937	137	95	derivatives	derivative	NOUN
cblr-2937	137	96	called	call	VERB
cblr-2937	137	97	credit	credit	NOUN
cblr-2937	137	98	-	-	PUNCT
cblr-2937	137	99	default	default	NOUN
cblr-2937	137	100	swaps	swap	NOUN
cblr-2937	137	101	(	(	PUNCT
cblr-2937	137	102	cds	cds	PROPN
cblr-2937	137	103	)	)	PUNCT
cblr-2937	137	104	.	.	PUNCT
cblr-2937	138	1	the	the	DET
cblr-2937	138	2	cds	cd	NOUN
cblr-2937	138	3	can	can	AUX
cblr-2937	138	4	then	then	ADV
cblr-2937	138	5	be	be	AUX
cblr-2937	138	6	pooled	pool	VERB
cblr-2937	138	7	into	into	ADP
cblr-2937	138	8	cdos	cdo	NOUN
cblr-2937	138	9	.	.	PUNCT
cblr-2937	139	1	such	such	ADJ
cblr-2937	139	2	cdos	cdo	NOUN
cblr-2937	139	3	are	be	AUX
cblr-2937	139	4	called	call	VERB
cblr-2937	139	5	"	"	PUNCT
cblr-2937	139	6	synthetic	synthetic	ADJ
cblr-2937	139	7	"	"	PUNCT
cblr-2937	139	8	cdos	cdo	NOUN
cblr-2937	139	9	because	because	SCONJ
cblr-2937	139	10	the	the	DET
cblr-2937	139	11	underlying	underlie	VERB
cblr-2937	139	12	credit	credit	NOUN
cblr-2937	139	13	exposure	exposure	NOUN
cblr-2937	139	14	is	be	AUX
cblr-2937	139	15	taken	take	VERB
cblr-2937	139	16	through	through	ADP
cblr-2937	139	17	derivatives	derivative	NOUN
cblr-2937	139	18	rather	rather	ADV
cblr-2937	139	19	than	than	ADP
cblr-2937	139	20	by	by	ADP
cblr-2937	139	21	owning	own	VERB
cblr-2937	139	22	actual	actual	ADJ
cblr-2937	139	23	loans	loan	NOUN
cblr-2937	139	24	or	or	CCONJ
cblr-2937	139	25	mortgages.29	mortgages.29	NOUN
cblr-2937	139	26	agency	agency	NOUN
cblr-2937	139	27	ratings	rating	NOUN
cblr-2937	139	28	apparently	apparently	ADV
cblr-2937	139	29	have	have	AUX
cblr-2937	139	30	been	be	AUX
cblr-2937	139	31	crucial	crucial	ADJ
cblr-2937	139	32	for	for	ADP
cblr-2937	139	33	investor	investor	NOUN
cblr-2937	139	34	acceptance	acceptance	NOUN
cblr-2937	139	35	of	of	ADP
cblr-2937	139	36	these	these	DET
cblr-2937	139	37	new	new	ADJ
cblr-2937	139	38	instruments	instrument	NOUN
cblr-2937	139	39	,	,	PUNCT
cblr-2937	139	40	although	although	SCONJ
cblr-2937	139	41	commenters	commenter	NOUN
cblr-2937	139	42	do	do	AUX
cblr-2937	139	43	not	not	PART
cblr-2937	139	44	agree	agree	VERB
cblr-2937	139	45	on	on	ADP
cblr-2937	139	46	the	the	DET
cblr-2937	139	47	reason	reason	NOUN
cblr-2937	139	48	for	for	ADP
cblr-2937	139	49	this	this	PRON
cblr-2937	139	50	.	.	PUNCT
cblr-2937	140	1	as	as	SCONJ
cblr-2937	140	2	explained	explain	VERB
cblr-2937	140	3	in	in	ADP
cblr-2937	140	4	more	more	ADJ
cblr-2937	140	5	detail	detail	NOUN
cblr-2937	140	6	below	below	ADV
cblr-2937	140	7	,	,	PUNCT
cblr-2937	140	8	investors	investor	NOUN
cblr-2937	140	9	may	may	AUX
cblr-2937	140	10	prefer	prefer	VERB
cblr-2937	140	11	that	that	SCONJ
cblr-2937	140	12	novel	novel	ADJ
cblr-2937	140	13	products	product	NOUN
cblr-2937	140	14	carry	carry	VERB
cblr-2937	140	15	ratings	rating	NOUN
cblr-2937	140	16	because	because	SCONJ
cblr-2937	140	17	of	of	ADP
cblr-2937	140	18	the	the	DET
cblr-2937	140	19	novelty	novelty	NOUN
cblr-2937	140	20	and	and	CCONJ
cblr-2937	140	21	complexity	complexity	NOUN
cblr-2937	140	22	of	of	ADP
cblr-2937	140	23	the	the	DET
cblr-2937	140	24	products	product	NOUN
cblr-2937	140	25	(	(	PUNCT
cblr-2937	140	26	which	which	PRON
cblr-2937	140	27	places	place	VERB
cblr-2937	140	28	a	a	DET
cblr-2937	140	29	premium	premium	NOUN
cblr-2937	140	30	on	on	ADP
cblr-2937	140	31	credit	credit	NOUN
cblr-2937	140	32	risk	risk	NOUN
cblr-2937	140	33	assessments	assessment	NOUN
cblr-2937	140	34	from	from	ADP
cblr-2937	140	35	23	23	NUM
cblr-2937	140	36	lakhbir	lakhbir	ADJ
cblr-2937	140	37	hayre	hayre	NOUN
cblr-2937	140	38	,	,	PUNCT
cblr-2937	140	39	a	a	DET
cblr-2937	140	40	concise	concise	ADJ
cblr-2937	140	41	guide	guide	NOUN
cblr-2937	140	42	to	to	ADP
cblr-2937	140	43	mortgage	mortgage	NOUN
cblr-2937	140	44	-	-	PUNCT
cblr-2937	140	45	backed	back	VERB
cblr-2937	140	46	securities	security	NOUN
cblr-2937	140	47	(	(	PUNCT
cblr-2937	140	48	mbss	mbss	NOUN
cblr-2937	140	49	)	)	PUNCT
cblr-2937	140	50	,	,	PUNCT
cblr-2937	140	51	in	in	ADP
cblr-2937	140	52	salomon	salomon	PROPN
cblr-2937	140	53	smith	smith	PROPN
cblr-2937	140	54	barney	barney	PROPN
cblr-2937	140	55	guide	guide	PROPN
cblr-2937	140	56	to	to	ADP
cblr-2937	140	57	mortgage	mortgage	NOUN
cblr-2937	140	58	-	-	PUNCT
cblr-2937	140	59	backed	back	VERB
cblr-2937	140	60	and	and	CCONJ
cblr-2937	140	61	asset	asset	NOUN
cblr-2937	140	62	-	-	PUNCT
cblr-2937	140	63	backed	back	VERB
cblr-2937	140	64	securities	security	NOUN
cblr-2937	140	65	9	9	NUM
cblr-2937	140	66	,	,	PUNCT
cblr-2937	140	67	45	45	NUM
cblr-2937	140	68	(	(	PUNCT
cblr-2937	140	69	lakhbir	lakhbir	PROPN
cblr-2937	140	70	hayre	hayre	PROPN
cblr-2937	140	71	ed	ed	PROPN
cblr-2937	140	72	.	.	PROPN
cblr-2937	140	73	,	,	PUNCT
cblr-2937	140	74	2001	2001	NUM
cblr-2937	140	75	)	)	PUNCT
cblr-2937	140	76	.	.	PUNCT
cblr-2937	141	1	24	24	NUM
cblr-2937	141	2	adam	adam	PROPN
cblr-2937	141	3	b.	b.	PROPN
cblr-2937	141	4	ashcraft	ashcraft	PROPN
cblr-2937	141	5	&	&	CCONJ
cblr-2937	141	6	til	til	PROPN
cblr-2937	141	7	schuermann	schuermann	PROPN
cblr-2937	141	8	,	,	PUNCT
cblr-2937	141	9	understanding	understand	VERB
cblr-2937	141	10	the	the	DET
cblr-2937	141	11	securitization	securitization	NOUN
cblr-2937	141	12	of	of	ADP
cblr-2937	141	13	subprime	subprime	ADJ
cblr-2937	141	14	mortgage	mortgage	NOUN
cblr-2937	141	15	credit	credit	NOUN
cblr-2937	141	16	2	2	NUM
cblr-2937	141	17	(	(	PUNCT
cblr-2937	141	18	wharton	wharton	PROPN
cblr-2937	141	19	fin	fin	PROPN
cblr-2937	141	20	.	.	PUNCT
cblr-2937	142	1	insts	inst	NOUN
cblr-2937	142	2	.	.	PUNCT
cblr-2937	143	1	ctr	ctr	PROPN
cblr-2937	143	2	.	.	PROPN
cblr-2937	143	3	,	,	PUNCT
cblr-2937	143	4	working	work	VERB
cblr-2937	143	5	paper	paper	NOUN
cblr-2937	143	6	no	no	INTJ
cblr-2937	143	7	.	.	NOUN
cblr-2937	143	8	7	7	NUM
cblr-2937	143	9	-	-	SYM
cblr-2937	143	10	43	43	NUM
cblr-2937	143	11	,	,	PUNCT
cblr-2937	143	12	2008	2008	NUM
cblr-2937	143	13	)	)	PUNCT
cblr-2937	143	14	.	.	PUNCT
cblr-2937	144	1	25	25	NUM
cblr-2937	144	2	joseph	joseph	PROPN
cblr-2937	144	3	r.	r.	PROPN
cblr-2937	144	4	mason	mason	PROPN
cblr-2937	144	5	&	&	CCONJ
cblr-2937	144	6	joshua	joshua	PROPN
cblr-2937	144	7	rosner	rosner	PROPN
cblr-2937	144	8	,	,	PUNCT
cblr-2937	144	9	where	where	SCONJ
cblr-2937	144	10	did	do	AUX
cblr-2937	144	11	the	the	DET
cblr-2937	144	12	risk	risk	NOUN
cblr-2937	144	13	go	go	VERB
cblr-2937	144	14	?	?	PUNCT
cblr-2937	145	1	how	how	SCONJ
cblr-2937	145	2	misapplied	misapply	VERB
cblr-2937	145	3	bond	bond	NOUN
cblr-2937	145	4	ratings	rating	NOUN
cblr-2937	145	5	cause	cause	VERB
cblr-2937	145	6	mortgage	mortgage	NOUN
cblr-2937	145	7	backed	back	VERB
cblr-2937	145	8	securities	security	NOUN
cblr-2937	145	9	and	and	CCONJ
cblr-2937	145	10	collateralized	collateralized	ADJ
cblr-2937	145	11	debt	debt	NOUN
cblr-2937	145	12	obligation	obligation	NOUN
cblr-2937	145	13	market	market	NOUN
cblr-2937	145	14	disruptions	disruption	NOUN
cblr-2937	145	15	62	62	NUM
cblr-2937	145	16	(	(	PUNCT
cblr-2937	145	17	may	may	PROPN
cblr-2937	145	18	3	3	NUM
cblr-2937	145	19	,	,	PUNCT
cblr-2937	145	20	2007	2007	NUM
cblr-2937	145	21	)	)	PUNCT
cblr-2937	145	22	(	(	PUNCT
cblr-2937	145	23	unpublished	unpublished	ADJ
cblr-2937	145	24	manuscript	manuscript	NOUN
cblr-2937	145	25	)	)	PUNCT
cblr-2937	145	26	,	,	PUNCT
cblr-2937	145	27	available	available	ADJ
cblr-2937	145	28	at	at	ADP
cblr-2937	145	29	http://ssrn.com/abstract=1027475	http://ssrn.com/abstract=1027475	PROPN
cblr-2937	145	30	.	.	PROPN
cblr-2937	145	31	26	26	NUM
cblr-2937	145	32	jennifer	jennifer	PROPN
cblr-2937	145	33	e.	e.	PROPN
cblr-2937	145	34	bethel	bethel	PROPN
cblr-2937	145	35	,	,	PUNCT
cblr-2937	145	36	allen	allen	PROPN
cblr-2937	145	37	ferrell	ferrell	PROPN
cblr-2937	145	38	&	&	CCONJ
cblr-2937	145	39	gang	gang	PROPN
cblr-2937	145	40	hu	hu	PROPN
cblr-2937	145	41	,	,	PUNCT
cblr-2937	145	42	law	law	PROPN
cblr-2937	145	43	&	&	CCONJ
cblr-2937	145	44	economic	economic	ADJ
cblr-2937	145	45	issues	issue	NOUN
cblr-2937	145	46	in	in	ADP
cblr-2937	145	47	subprime	subprime	ADJ
cblr-2937	145	48	litigation	litigation	NOUN
cblr-2937	145	49	9	9	NUM
cblr-2937	145	50	-	-	SYM
cblr-2937	145	51	10	10	NUM
cblr-2937	145	52	,	,	PUNCT
cblr-2937	145	53	63	63	NUM
cblr-2937	145	54	fig.3	fig.3	PROPN
cblr-2937	145	55	(	(	PUNCT
cblr-2937	145	56	harvard	harvard	PROPN
cblr-2937	145	57	john	john	PROPN
cblr-2937	145	58	m.	m.	PROPN
cblr-2937	145	59	olin	olin	PROPN
cblr-2937	145	60	ctr	ctr	PROPN
cblr-2937	145	61	.	.	PUNCT
cblr-2937	146	1	for	for	ADP
cblr-2937	146	2	law	law	NOUN
cblr-2937	146	3	,	,	PUNCT
cblr-2937	146	4	econ	econ	PROPN
cblr-2937	146	5	.	.	PUNCT
cblr-2937	146	6	,	,	PUNCT
cblr-2937	146	7	and	and	CCONJ
cblr-2937	146	8	bus	bus	NOUN
cblr-2937	146	9	.	.	PUNCT
cblr-2937	146	10	,	,	PUNCT
cblr-2937	146	11	working	work	VERB
cblr-2937	146	12	paper	paper	NOUN
cblr-2937	146	13	no	no	INTJ
cblr-2937	146	14	.	.	PROPN
cblr-2937	146	15	612	612	NUM
cblr-2937	146	16	,	,	PUNCT
cblr-2937	146	17	nov	nov	PROPN
cblr-2937	146	18	.	.	PROPN
cblr-2937	146	19	17	17	NUM
cblr-2937	146	20	,	,	PUNCT
cblr-2937	146	21	2008	2008	NUM
cblr-2937	146	22	)	)	PUNCT
cblr-2937	146	23	.	.	PUNCT
cblr-2937	147	1	27	27	NUM
cblr-2937	147	2	bethel	bethel	PROPN
cblr-2937	147	3	et	et	PROPN
cblr-2937	147	4	al	al	PROPN
cblr-2937	147	5	.	.	PROPN
cblr-2937	147	6	,	,	PUNCT
cblr-2937	147	7	supra	supra	PROPN
cblr-2937	147	8	note	note	PROPN
cblr-2937	147	9	26	26	NUM
cblr-2937	147	10	,	,	PUNCT
cblr-2937	147	11	at	at	ADP
cblr-2937	147	12	59	59	NUM
cblr-2937	147	13	.	.	PUNCT
cblr-2937	147	14	21	21	NUM
cblr-2937	148	1	i	i	PRON
cblr-2937	148	2	d.	d.	PROPN
cblr-2937	148	3	at	at	ADP
cblr-2937	148	4	35	35	NUM
cblr-2937	148	5	;	;	PUNCT
cblr-2937	148	6	17	17	NUM
cblr-2937	148	7	c.f.r	c.f.r	NOUN
cblr-2937	148	8	.	.	PUNCT
cblr-2937	149	1	§	§	PROPN
cblr-2937	149	2	230.144a-7(d)(1	230.144a-7(d)(1	NOUN
cblr-2937	149	3	)	)	PUNCT
cblr-2937	149	4	(	(	PUNCT
cblr-2937	149	5	2008	2008	NUM
cblr-2937	149	6	)	)	PUNCT
cblr-2937	149	7	.	.	PUNCT
cblr-2937	150	1	29	29	NUM
cblr-2937	150	2	rajan	rajan	PROPN
cblr-2937	150	3	et	et	PROPN
cblr-2937	150	4	al	al	PROPN
cblr-2937	150	5	.	.	PROPN
cblr-2937	150	6	,	,	PUNCT
cblr-2937	150	7	supra	supra	PROPN
cblr-2937	150	8	note	note	PROPN
cblr-2937	150	9	16	16	NUM
cblr-2937	150	10	,	,	PUNCT
cblr-2937	150	11	at	at	ADP
cblr-2937	150	12	3	3	NUM
cblr-2937	150	13	.	.	PUNCT
cblr-2937	151	1	no	no	INTJ
cblr-2937	151	2	.	.	PUNCT
cblr-2937	152	1	1:109	1:109	NUM
cblr-2937	152	2	]	]	PUNCT
cblr-2937	152	3	credit	credit	NOUN
cblr-2937	152	4	rating	rating	NOUN
cblr-2937	152	5	agencies	agency	NOUN
cblr-2937	152	6	trusted	trust	VERB
cblr-2937	152	7	intermediaries	intermediary	NOUN
cblr-2937	152	8	)	)	PUNCT
cblr-2937	152	9	or	or	CCONJ
cblr-2937	152	10	because	because	SCONJ
cblr-2937	152	11	investors	investor	NOUN
cblr-2937	152	12	need	need	VERB
cblr-2937	152	13	agency	agency	NOUN
cblr-2937	152	14	ratings	rating	NOUN
cblr-2937	152	15	to	to	PART
cblr-2937	152	16	satisfy	satisfy	VERB
cblr-2937	152	17	regulators	regulator	NOUN
cblr-2937	152	18	.	.	PUNCT
cblr-2937	153	1	c.	c.	NOUN
cblr-2937	153	2	the	the	DET
cblr-2937	153	3	"	"	PUNCT
cblr-2937	153	4	worldwide	worldwide	ADJ
cblr-2937	153	5	credit	credit	NOUN
cblr-2937	153	6	crisis	crisis	NOUN
cblr-2937	153	7	"	"	PUNCT
cblr-2937	153	8	the	the	DET
cblr-2937	153	9	so	so	ADV
cblr-2937	153	10	-	-	PUNCT
cblr-2937	153	11	called	call	VERB
cblr-2937	153	12	"	"	PUNCT
cblr-2937	153	13	worldwide	worldwide	ADJ
cblr-2937	153	14	credit	credit	NOUN
cblr-2937	153	15	crisis	crisis	NOUN
cblr-2937	153	16	"	"	PUNCT
cblr-2937	153	17	that	that	PRON
cblr-2937	153	18	began	begin	VERB
cblr-2937	153	19	in	in	ADP
cblr-2937	153	20	summer	summer	NOUN
cblr-2937	153	21	2007	2007	NUM
cblr-2937	153	22	is	be	AUX
cblr-2937	153	23	a	a	DET
cblr-2937	153	24	sprawling	sprawling	ADJ
cblr-2937	153	25	,	,	PUNCT
cblr-2937	153	26	interrelated	interrelated	ADJ
cblr-2937	153	27	series	series	NOUN
cblr-2937	153	28	of	of	ADP
cblr-2937	153	29	events	event	NOUN
cblr-2937	153	30	that	that	PRON
cblr-2937	153	31	continues	continue	VERB
cblr-2937	153	32	to	to	PART
cblr-2937	153	33	unfold	unfold	VERB
cblr-2937	153	34	.	.	PUNCT
cblr-2937	154	1	any	any	DET
cblr-2937	154	2	list	list	NOUN
cblr-2937	154	3	of	of	ADP
cblr-2937	154	4	principal	principal	ADJ
cblr-2937	154	5	events	event	NOUN
cblr-2937	154	6	seems	seems	AUX
cblr-2937	154	7	destined	destine	VERB
cblr-2937	154	8	to	to	PART
cblr-2937	154	9	become	become	VERB
cblr-2937	154	10	outdated	outdated	ADJ
cblr-2937	154	11	immediately	immediately	ADV
cblr-2937	154	12	,	,	PUNCT
cblr-2937	154	13	so	so	SCONJ
cblr-2937	154	14	none	none	NOUN
cblr-2937	154	15	is	be	AUX
cblr-2937	154	16	presented	present	VERB
cblr-2937	154	17	here.30	here.30	AUX
cblr-2937	154	18	the	the	DET
cblr-2937	154	19	u.s	u.s	PROPN
cblr-2937	154	20	.	.	PROPN
cblr-2937	154	21	officially	officially	ADV
cblr-2937	154	22	went	go	VERB
cblr-2937	154	23	into	into	ADP
cblr-2937	154	24	recession	recession	NOUN
cblr-2937	154	25	at	at	ADP
cblr-2937	154	26	the	the	DET
cblr-2937	154	27	end	end	NOUN
cblr-2937	154	28	of	of	ADP
cblr-2937	154	29	200731	200731	NUM
cblr-2937	154	30	as	as	SCONJ
cblr-2937	154	31	the	the	DET
cblr-2937	154	32	credit	credit	NOUN
cblr-2937	154	33	crisis	crisis	NOUN
cblr-2937	154	34	intensified	intensify	VERB
cblr-2937	154	35	,	,	PUNCT
cblr-2937	154	36	and	and	CCONJ
cblr-2937	154	37	as	as	ADP
cblr-2937	154	38	of	of	ADP
cblr-2937	154	39	early	early	ADJ
cblr-2937	154	40	2009	2009	NUM
cblr-2937	154	41	the	the	DET
cblr-2937	154	42	weight	weight	NOUN
cblr-2937	154	43	of	of	ADP
cblr-2937	154	44	opinion	opinion	NOUN
cblr-2937	154	45	appeared	appear	VERB
cblr-2937	154	46	to	to	PART
cblr-2937	154	47	be	be	AUX
cblr-2937	154	48	that	that	SCONJ
cblr-2937	154	49	problems	problem	NOUN
cblr-2937	154	50	in	in	ADP
cblr-2937	154	51	the	the	DET
cblr-2937	154	52	credit	credit	NOUN
cblr-2937	154	53	market	market	NOUN
cblr-2937	154	54	contributed	contribute	VERB
cblr-2937	154	55	significantly	significantly	ADV
cblr-2937	154	56	to	to	ADP
cblr-2937	154	57	problems	problem	NOUN
cblr-2937	154	58	in	in	ADP
cblr-2937	154	59	the	the	DET
cblr-2937	154	60	real	real	ADJ
cblr-2937	154	61	economy	economy	NOUN
cblr-2937	154	62	.	.	PUNCT
cblr-2937	155	1	2	2	NUM
cblr-2937	156	1	the	the	DET
cblr-2937	156	2	crisis	crisis	NOUN
cblr-2937	156	3	likely	likely	ADV
cblr-2937	156	4	has	have	VERB
cblr-2937	156	5	a	a	DET
cblr-2937	156	6	diverse	diverse	ADJ
cblr-2937	156	7	set	set	NOUN
cblr-2937	156	8	of	of	ADP
cblr-2937	156	9	interrelated	interrelated	ADJ
cblr-2937	156	10	causes	cause	NOUN
cblr-2937	156	11	,	,	PUNCT
cblr-2937	156	12	33	33	NUM
cblr-2937	156	13	but	but	CCONJ
cblr-2937	156	14	observers	observer	NOUN
cblr-2937	156	15	have	have	AUX
cblr-2937	156	16	criticized	criticize	VERB
cblr-2937	156	17	rating	rating	NOUN
cblr-2937	156	18	agencies	agency	NOUN
cblr-2937	156	19	sharplysometimes	sharplysometime	NOUN
cblr-2937	156	20	in	in	ADP
cblr-2937	156	21	quite	quite	ADV
cblr-2937	156	22	colorful	colorful	ADJ
cblr-2937	156	23	terms.34	terms.34	NOUN
cblr-2937	156	24	official	official	ADJ
cblr-2937	156	25	bodies	body	NOUN
cblr-2937	156	26	that	that	PRON
cblr-2937	156	27	have	have	VERB
cblr-2937	156	28	30	30	NUM
cblr-2937	156	29	an	an	DET
cblr-2937	156	30	online	online	ADJ
cblr-2937	156	31	list	list	NOUN
cblr-2937	156	32	of	of	ADP
cblr-2937	156	33	events	event	NOUN
cblr-2937	156	34	that	that	PRON
cblr-2937	156	35	appears	appear	VERB
cblr-2937	156	36	current	current	ADJ
cblr-2937	156	37	as	as	ADP
cblr-2937	156	38	of	of	ADP
cblr-2937	156	39	january	january	PROPN
cblr-2937	156	40	2009	2009	NUM
cblr-2937	156	41	appears	appear	VERB
cblr-2937	156	42	at	at	ADP
cblr-2937	156	43	credit	credit	NOUN
cblr-2937	156	44	crisis	crisis	NOUN
cblr-2937	156	45	timeline	timeline	NOUN
cblr-2937	156	46	,	,	PUNCT
cblr-2937	156	47	http://www.creditwritedowns.com/	http://www.creditwritedowns.com/	ADJ
cblr-2937	156	48	credit	credit	NOUN
cblr-2937	156	49	-	-	PUNCT
cblr-2937	156	50	crisis	crisis	NOUN
cblr-2937	156	51	-	-	PUNCT
cblr-2937	156	52	timeline	timeline	NOUN
cblr-2937	156	53	(	(	PUNCT
cblr-2937	156	54	last	last	ADJ
cblr-2937	156	55	visited	visit	VERB
cblr-2937	156	56	mar	mar	PROPN
cblr-2937	156	57	.	.	PROPN
cblr-2937	156	58	9	9	NUM
cblr-2937	156	59	,	,	PUNCT
cblr-2937	156	60	2009	2009	NUM
cblr-2937	156	61	)	)	PUNCT
cblr-2937	156	62	.	.	PUNCT
cblr-2937	157	1	31	31	NUM
cblr-2937	157	2	see	see	VERB
cblr-2937	157	3	nat'l	nat'l	PROPN
cblr-2937	157	4	bureau	bureau	PROPN
cblr-2937	157	5	of	of	ADP
cblr-2937	157	6	econ	econ	PROPN
cblr-2937	157	7	.	.	PUNCT
cblr-2937	158	1	research	research	NOUN
cblr-2937	158	2	,	,	PUNCT
cblr-2937	158	3	determination	determination	NOUN
cblr-2937	158	4	of	of	ADP
cblr-2937	158	5	the	the	DET
cblr-2937	158	6	december	december	PROPN
cblr-2937	158	7	2007	2007	NUM
cblr-2937	158	8	peak	peak	NOUN
cblr-2937	158	9	in	in	ADP
cblr-2937	158	10	economic	economic	ADJ
cblr-2937	158	11	activity	activity	NOUN
cblr-2937	158	12	(	(	PUNCT
cblr-2937	158	13	2008	2008	NUM
cblr-2937	158	14	)	)	PUNCT
cblr-2937	158	15	,	,	PUNCT
cblr-2937	158	16	www.nber.orgcycles/	www.nber.orgcycles/	PROPN
cblr-2937	158	17	dec2008.pdf	dec2008.pdf	PROPN
cblr-2937	158	18	.	.	PUNCT
cblr-2937	158	19	32	32	NUM
cblr-2937	158	20	see	see	VERB
cblr-2937	158	21	,	,	PUNCT
cblr-2937	158	22	e.g.	e.g.	ADV
cblr-2937	158	23	,	,	PUNCT
cblr-2937	158	24	edward	edward	PROPN
cblr-2937	158	25	carr	carr	PROPN
cblr-2937	158	26	,	,	PUNCT
cblr-2937	158	27	greed	greed	NOUN
cblr-2937	158	28	-	-	PUNCT
cblr-2937	158	29	and	and	CCONJ
cblr-2937	158	30	fear	fear	NOUN
cblr-2937	158	31	:	:	PUNCT
cblr-2937	158	32	a	a	DET
cblr-2937	158	33	special	special	ADJ
cblr-2937	158	34	report	report	NOUN
cblr-2937	158	35	on	on	ADP
cblr-2937	158	36	the	the	DET
cblr-2937	158	37	future	future	NOUN
cblr-2937	158	38	of	of	ADP
cblr-2937	158	39	finance	finance	NOUN
cblr-2937	158	40	,	,	PUNCT
cblr-2937	158	41	the	the	DET
cblr-2937	158	42	economist	economist	NOUN
cblr-2937	158	43	,	,	PUNCT
cblr-2937	158	44	jan	jan	PROPN
cblr-2937	158	45	.	.	PROPN
cblr-2937	158	46	24	24	NUM
cblr-2937	158	47	,	,	PUNCT
cblr-2937	158	48	2009	2009	NUM
cblr-2937	158	49	,	,	PUNCT
cblr-2937	158	50	at	at	ADP
cblr-2937	158	51	3	3	NUM
cblr-2937	158	52	(	(	PUNCT
cblr-2937	158	53	"	"	PUNCT
cblr-2937	158	54	when	when	SCONJ
cblr-2937	158	55	the	the	DET
cblr-2937	158	56	financial	financial	ADJ
cblr-2937	158	57	system	system	NOUN
cblr-2937	158	58	fails	fail	VERB
cblr-2937	158	59	,	,	PUNCT
cblr-2937	158	60	everyone	everyone	PRON
cblr-2937	158	61	suffers	suffer	VERB
cblr-2937	158	62	.	.	PUNCT
cblr-2937	159	1	over	over	ADP
cblr-2937	159	2	the	the	DET
cblr-2937	159	3	past	past	ADJ
cblr-2937	159	4	22	22	NUM
cblr-2937	159	5	months	month	NOUN
cblr-2937	159	6	the	the	DET
cblr-2937	159	7	shock	shock	NOUN
cblr-2937	159	8	has	have	AUX
cblr-2937	159	9	spread	spread	VERB
cblr-2937	159	10	from	from	ADP
cblr-2937	159	11	american	american	ADJ
cblr-2937	159	12	housing	housing	NOUN
cblr-2937	159	13	,	,	PUNCT
cblr-2937	159	14	sector	sector	NOUN
cblr-2937	159	15	by	by	ADP
cblr-2937	159	16	sector	sector	NOUN
cblr-2937	159	17	,	,	PUNCT
cblr-2937	159	18	economy	economy	NOUN
cblr-2937	159	19	by	by	ADP
cblr-2937	159	20	economy	economy	NOUN
cblr-2937	159	21	.	.	PUNCT
cblr-2937	159	22	"	"	PUNCT
cblr-2937	159	23	)	)	PUNCT
cblr-2937	159	24	.	.	PUNCT
cblr-2937	160	1	33	33	NUM
cblr-2937	160	2	for	for	ADP
cblr-2937	160	3	example	example	NOUN
cblr-2937	160	4	,	,	PUNCT
cblr-2937	160	5	a	a	DET
cblr-2937	160	6	recent	recent	ADJ
cblr-2937	160	7	white	white	ADJ
cblr-2937	160	8	paper	paper	NOUN
cblr-2937	160	9	surveys	survey	NOUN
cblr-2937	160	10	hypotheses	hypothesis	NOUN
cblr-2937	160	11	that	that	PRON
cblr-2937	160	12	have	have	AUX
cblr-2937	160	13	been	be	AUX
cblr-2937	160	14	advanced	advanced	ADJ
cblr-2937	160	15	to	to	PART
cblr-2937	160	16	explain	explain	VERB
cblr-2937	160	17	the	the	DET
cblr-2937	160	18	crisis	crisis	NOUN
cblr-2937	160	19	:	:	PUNCT
cblr-2937	160	20	(	(	PUNCT
cblr-2937	160	21	1	1	X
cblr-2937	160	22	)	)	PUNCT
cblr-2937	160	23	the	the	DET
cblr-2937	160	24	underlying	underlie	VERB
cblr-2937	160	25	asset	asset	NOUN
cblr-2937	160	26	pools	pool	NOUN
cblr-2937	160	27	had	have	AUX
cblr-2937	160	28	different	different	ADJ
cblr-2937	160	29	risk	risk	NOUN
cblr-2937	160	30	(	(	PUNCT
cblr-2937	160	31	increasing	increase	VERB
cblr-2937	160	32	use	use	NOUN
cblr-2937	160	33	of	of	ADP
cblr-2937	160	34	hybrid	hybrid	ADJ
cblr-2937	160	35	arms	arm	NOUN
cblr-2937	160	36	)	)	PUNCT
cblr-2937	160	37	;	;	PUNCT
cblr-2937	160	38	(	(	PUNCT
cblr-2937	160	39	2	2	X
cblr-2937	160	40	)	)	PUNCT
cblr-2937	160	41	changing	change	VERB
cblr-2937	160	42	origination	origination	NOUN
cblr-2937	160	43	and	and	CCONJ
cblr-2937	160	44	appraisal	appraisal	NOUN
cblr-2937	160	45	policies	policy	NOUN
cblr-2937	160	46	(	(	PUNCT
cblr-2937	160	47	shift	shift	VERB
cblr-2937	160	48	to	to	PART
cblr-2937	160	49	originate	originate	VERB
cblr-2937	160	50	-	-	PUNCT
cblr-2937	160	51	to	to	ADP
cblr-2937	160	52	-	-	PUNCT
cblr-2937	160	53	distribute	distribute	VERB
cblr-2937	160	54	model	model	NOUN
cblr-2937	160	55	)	)	PUNCT
cblr-2937	160	56	;	;	PUNCT
cblr-2937	160	57	(	(	PUNCT
cblr-2937	160	58	3	3	X
cblr-2937	160	59	)	)	PUNCT
cblr-2937	160	60	home	home	NOUN
cblr-2937	160	61	price	price	NOUN
cblr-2937	160	62	appreciation	appreciation	NOUN
cblr-2937	160	63	masking	mask	VERB
cblr-2937	160	64	the	the	DET
cblr-2937	160	65	underlying	underlie	VERB
cblr-2937	160	66	credit	credit	NOUN
cblr-2937	160	67	problems	problem	NOUN
cblr-2937	160	68	with	with	ADP
cblr-2937	160	69	the	the	DET
cblr-2937	160	70	mortgages	mortgage	NOUN
cblr-2937	160	71	;	;	PUNCT
cblr-2937	160	72	(	(	PUNCT
cblr-2937	160	73	4	4	X
cblr-2937	160	74	)	)	PUNCT
cblr-2937	160	75	increasing	increase	VERB
cblr-2937	160	76	complexity	complexity	NOUN
cblr-2937	160	77	and	and	CCONJ
cblr-2937	160	78	decreasing	decrease	VERB
cblr-2937	160	79	transparency	transparency	NOUN
cblr-2937	160	80	of	of	ADP
cblr-2937	160	81	instruments	instrument	NOUN
cblr-2937	160	82	,	,	PUNCT
cblr-2937	160	83	as	as	ADP
cblr-2937	160	84	complexity	complexity	NOUN
cblr-2937	160	85	migrated	migrate	VERB
cblr-2937	160	86	from	from	ADP
cblr-2937	160	87	relatively	relatively	ADV
cblr-2937	160	88	well	well	ADV
cblr-2937	160	89	-	-	PUNCT
cblr-2937	160	90	understood	understand	VERB
cblr-2937	160	91	rmbs	rmb	NOUN
cblr-2937	160	92	to	to	ADP
cblr-2937	160	93	less	less	ADV
cblr-2937	160	94	transparent	transparent	ADJ
cblr-2937	160	95	cdos	cdo	NOUN
cblr-2937	160	96	;	;	PUNCT
cblr-2937	160	97	(	(	PUNCT
cblr-2937	160	98	5	5	X
cblr-2937	160	99	)	)	PUNCT
cblr-2937	160	100	the	the	DET
cblr-2937	160	101	market	market	NOUN
cblr-2937	160	102	's	's	PART
cblr-2937	160	103	failure	failure	NOUN
cblr-2937	160	104	to	to	PART
cblr-2937	160	105	"	"	PUNCT
cblr-2937	160	106	fully	fully	ADV
cblr-2937	160	107	anticipate	anticipate	VERB
cblr-2937	160	108	the	the	DET
cblr-2937	160	109	probability	probability	NOUN
cblr-2937	160	110	or	or	CCONJ
cblr-2937	160	111	effect	effect	NOUN
cblr-2937	160	112	of	of	ADP
cblr-2937	160	113	correlated	correlate	VERB
cblr-2937	160	114	market	market	NOUN
cblr-2937	160	115	events	event	NOUN
cblr-2937	160	116	or	or	CCONJ
cblr-2937	160	117	the	the	DET
cblr-2937	160	118	very	very	ADV
cblr-2937	160	119	small	small	ADJ
cblr-2937	160	120	probability	probability	NOUN
cblr-2937	160	121	of	of	ADP
cblr-2937	160	122	an	an	DET
cblr-2937	160	123	extremely	extremely	ADV
cblr-2937	160	124	negative	negative	ADJ
cblr-2937	160	125	outcome	outcome	NOUN
cblr-2937	160	126	,	,	PUNCT
cblr-2937	160	127	"	"	PUNCT
cblr-2937	160	128	including	include	VERB
cblr-2937	160	129	the	the	DET
cblr-2937	160	130	extent	extent	NOUN
cblr-2937	160	131	of	of	ADP
cblr-2937	160	132	bank	bank	NOUN
cblr-2937	160	133	funding	funding	NOUN
cblr-2937	160	134	risk	risk	NOUN
cblr-2937	160	135	.	.	PUNCT
cblr-2937	161	1	bethel	bethel	PROPN
cblr-2937	161	2	et	et	PROPN
cblr-2937	161	3	al	al	PROPN
cblr-2937	161	4	.	.	PROPN
cblr-2937	161	5	,	,	PUNCT
cblr-2937	161	6	supra	supra	PROPN
cblr-2937	161	7	note	note	PROPN
cblr-2937	161	8	26	26	NUM
cblr-2937	161	9	,	,	PUNCT
cblr-2937	161	10	at	at	ADP
cblr-2937	161	11	23	23	NUM
cblr-2937	161	12	-	-	SYM
cblr-2937	161	13	28	28	NUM
cblr-2937	161	14	;	;	PUNCT
cblr-2937	161	15	see	see	VERB
cblr-2937	161	16	also	also	ADV
cblr-2937	161	17	ashcraft	ashcraft	PROPN
cblr-2937	161	18	&	&	CCONJ
cblr-2937	161	19	scheuermann	scheuermann	PROPN
cblr-2937	161	20	,	,	PUNCT
cblr-2937	161	21	supra	supra	PROPN
cblr-2937	161	22	note	note	PROPN
cblr-2937	161	23	24	24	NUM
cblr-2937	161	24	,	,	PUNCT
cblr-2937	161	25	at	at	ADP
cblr-2937	161	26	i	i	PROPN
cblr-2937	161	27	-	-	PUNCT
cblr-2937	161	28	iii	iii	PROPN
cblr-2937	161	29	.	.	PUNCT
cblr-2937	161	30	'	'	PUNCT
cblr-2937	162	1	william	william	PROPN
cblr-2937	162	2	h.	h.	PROPN
cblr-2937	162	3	gross	gross	PROPN
cblr-2937	162	4	,	,	PUNCT
cblr-2937	162	5	looking	look	VERB
cblr-2937	162	6	for	for	ADP
cblr-2937	162	7	contagion	contagion	NOUN
cblr-2937	162	8	in	in	ADP
cblr-2937	162	9	all	all	DET
cblr-2937	162	10	the	the	DET
cblr-2937	162	11	wrong	wrong	ADJ
cblr-2937	162	12	places	place	NOUN
cblr-2937	162	13	,	,	PUNCT
cblr-2937	162	14	pimco	pimco	PROPN
cblr-2937	162	15	investment	investment	NOUN
cblr-2937	162	16	outlook	outlook	NOUN
cblr-2937	162	17	,	,	PUNCT
cblr-2937	162	18	july	july	PROPN
cblr-2937	162	19	2007	2007	NUM
cblr-2937	162	20	,	,	PUNCT
cblr-2937	162	21	at	at	ADP
cblr-2937	162	22	1	1	NUM
cblr-2937	162	23	(	(	PUNCT
cblr-2937	162	24	arguing	argue	VERB
cblr-2937	162	25	that	that	SCONJ
cblr-2937	162	26	rating	rating	NOUN
cblr-2937	162	27	col	col	PROPN
cblr-2937	162	28	umbia	umbia	PROPN
cblr-2937	162	29	b	b	PROPN
cblr-2937	163	1	usiness	usiness	PROPN
cblr-2937	163	2	la	la	PROPN
cblr-2937	163	3	w	w	PROPN
cblr-2937	163	4	re	re	PROPN
cblr-2937	163	5	vie	vie	PROPN
cblr-2937	163	6	w	w	PROPN
cblr-2937	164	1	[	[	X
cblr-2937	164	2	vol	vol	NOUN
cblr-2937	164	3	.	.	NOUN
cblr-2937	164	4	2009	2009	NUM
cblr-2937	164	5	credit	credit	NOUN
cblr-2937	164	6	ra	ra	PROPN
cblr-2937	164	7	ting	ting	PROPN
cblr-2937	164	8	agencies	agency	NOUN
cblr-2937	164	9	reported	report	VERB
cblr-2937	164	10	on	on	ADP
cblr-2937	164	11	the	the	DET
cblr-2937	164	12	crisis	crisis	NOUN
cblr-2937	164	13	,	,	PUNCT
cblr-2937	164	14	including	include	VERB
cblr-2937	164	15	the	the	DET
cblr-2937	164	16	president	president	NOUN
cblr-2937	164	17	's	's	PART
cblr-2937	164	18	working	working	NOUN
cblr-2937	164	19	group	group	NOUN
cblr-2937	164	20	on	on	ADP
cblr-2937	164	21	financial	financial	ADJ
cblr-2937	164	22	markets,35	markets,35	PROPN
cblr-2937	164	23	the	the	DET
cblr-2937	164	24	international	international	ADJ
cblr-2937	164	25	organization	organization	NOUN
cblr-2937	164	26	of	of	ADP
cblr-2937	164	27	securities	security	NOUN
cblr-2937	164	28	commissions	commission	NOUN
cblr-2937	164	29	,	,	PUNCT
cblr-2937	164	30	6	6	NUM
cblr-2937	164	31	the	the	DET
cblr-2937	164	32	financial	financial	ADJ
cblr-2937	164	33	stability	stability	NOUN
cblr-2937	164	34	forum,37	forum,37	NOUN
cblr-2937	164	35	and	and	CCONJ
cblr-2937	164	36	the	the	DET
cblr-2937	164	37	staff	staff	NOUN
cblr-2937	164	38	of	of	ADP
cblr-2937	164	39	the	the	DET
cblr-2937	164	40	securities	securities	PROPN
cblr-2937	164	41	and	and	CCONJ
cblr-2937	164	42	exchange	exchange	PROPN
cblr-2937	164	43	commission	commission	PROPN
cblr-2937	164	44	(	(	PUNCT
cblr-2937	164	45	"	"	PUNCT
cblr-2937	164	46	sec	sec	PROPN
cblr-2937	164	47	"	"	PUNCT
cblr-2937	164	48	or	or	CCONJ
cblr-2937	164	49	"	"	PUNCT
cblr-2937	164	50	commission",38	commission",38	NOUN
cblr-2937	164	51	have	have	AUX
cblr-2937	164	52	been	be	AUX
cblr-2937	164	53	less	less	ADV
cblr-2937	164	54	colorful	colorful	ADJ
cblr-2937	164	55	but	but	CCONJ
cblr-2937	164	56	equally	equally	ADV
cblr-2937	164	57	critical	critical	ADJ
cblr-2937	164	58	.	.	PUNCT
cblr-2937	165	1	the	the	DET
cblr-2937	165	2	common	common	ADJ
cblr-2937	165	3	thread	thread	NOUN
cblr-2937	165	4	in	in	ADP
cblr-2937	165	5	these	these	DET
cblr-2937	165	6	narratives	narrative	NOUN
cblr-2937	165	7	is	be	AUX
cblr-2937	165	8	that	that	SCONJ
cblr-2937	165	9	the	the	DET
cblr-2937	165	10	rating	rating	NOUN
cblr-2937	165	11	agencies	agency	NOUN
cblr-2937	165	12	did	do	VERB
cblr-2937	165	13	a	a	DET
cblr-2937	165	14	poor	poor	ADJ
cblr-2937	165	15	job	job	NOUN
cblr-2937	165	16	of	of	ADP
cblr-2937	165	17	assessing	assess	VERB
cblr-2937	165	18	the	the	DET
cblr-2937	165	19	default	default	NOUN
cblr-2937	165	20	risk	risk	NOUN
cblr-2937	165	21	of	of	ADP
cblr-2937	165	22	cdos	cdo	NOUN
cblr-2937	165	23	and	and	CCONJ
cblr-2937	165	24	other	other	ADJ
cblr-2937	165	25	instruments	instrument	NOUN
cblr-2937	165	26	based	base	VERB
cblr-2937	165	27	on	on	ADP
cblr-2937	165	28	subprime	subprime	ADJ
cblr-2937	165	29	rmbs	rmb	NOUN
cblr-2937	165	30	in	in	ADP
cblr-2937	165	31	the	the	DET
cblr-2937	165	32	period	period	NOUN
cblr-2937	165	33	from	from	ADP
cblr-2937	165	34	2004	2004	NUM
cblr-2937	165	35	on	on	ADP
cblr-2937	165	36	,	,	PUNCT
cblr-2937	165	37	9	9	NUM
cblr-2937	165	38	that	that	SCONJ
cblr-2937	165	39	high	high	ADJ
cblr-2937	165	40	ratings	rating	NOUN
cblr-2937	165	41	on	on	ADP
cblr-2937	165	42	such	such	ADJ
cblr-2937	165	43	securities	security	NOUN
cblr-2937	165	44	agencies	agency	NOUN
cblr-2937	165	45	were	be	AUX
cblr-2937	165	46	"	"	PUNCT
cblr-2937	165	47	wooed	wooed	ADJ
cblr-2937	165	48	"	"	PUNCT
cblr-2937	165	49	by	by	ADP
cblr-2937	165	50	instruments	instrument	NOUN
cblr-2937	165	51	in	in	ADP
cblr-2937	165	52	"	"	PUNCT
cblr-2937	165	53	hooker	hooker	ADJ
cblr-2937	165	54	heels	heel	NOUN
cblr-2937	165	55	"	"	PUNCT
cblr-2937	165	56	bearing	bear	VERB
cblr-2937	165	57	"	"	PUNCT
cblr-2937	165	58	tramp	tramp	ADJ
cblr-2937	165	59	stamps	stamp	NOUN
cblr-2937	165	60	"	"	PUNCT
cblr-2937	165	61	)	)	PUNCT
cblr-2937	165	62	.	.	PUNCT
cblr-2937	166	1	35	35	NUM
cblr-2937	166	2	president	president	NOUN
cblr-2937	166	3	's	's	PART
cblr-2937	166	4	working	working	NOUN
cblr-2937	166	5	group	group	NOUN
cblr-2937	166	6	on	on	ADP
cblr-2937	166	7	financial	financial	ADJ
cblr-2937	166	8	markets	market	NOUN
cblr-2937	166	9	,	,	PUNCT
cblr-2937	166	10	policy	policy	NOUN
cblr-2937	166	11	statement	statement	NOUN
cblr-2937	166	12	on	on	ADP
cblr-2937	166	13	financial	financial	ADJ
cblr-2937	166	14	market	market	NOUN
cblr-2937	166	15	developments	development	NOUN
cblr-2937	166	16	1	1	NUM
cblr-2937	166	17	(	(	PUNCT
cblr-2937	166	18	2008	2008	NUM
cblr-2937	166	19	)	)	PUNCT
cblr-2937	166	20	(	(	PUNCT
cblr-2937	166	21	arguing	argue	VERB
cblr-2937	166	22	that	that	SCONJ
cblr-2937	166	23	one	one	NUM
cblr-2937	166	24	of	of	ADP
cblr-2937	166	25	the	the	DET
cblr-2937	166	26	"	"	PUNCT
cblr-2937	166	27	principal	principal	ADJ
cblr-2937	166	28	underlying	underlying	ADJ
cblr-2937	166	29	causes	cause	NOUN
cblr-2937	166	30	of	of	ADP
cblr-2937	166	31	the	the	DET
cblr-2937	166	32	turmoil	turmoil	NOUN
cblr-2937	166	33	in	in	ADP
cblr-2937	166	34	the	the	DET
cblr-2937	166	35	financial	financial	ADJ
cblr-2937	166	36	markets	market	NOUN
cblr-2937	166	37	"	"	PUNCT
cblr-2937	166	38	since	since	SCONJ
cblr-2937	166	39	mid-2007	mid-2007	NOUN
cblr-2937	166	40	was	be	AUX
cblr-2937	166	41	"	"	PUNCT
cblr-2937	166	42	flaws	flaw	NOUN
cblr-2937	166	43	in	in	ADP
cblr-2937	166	44	credit	credit	NOUN
cblr-2937	166	45	rating	rating	NOUN
cblr-2937	166	46	agencies	agency	NOUN
cblr-2937	166	47	'	'	PART
cblr-2937	166	48	assessments	assessment	NOUN
cblr-2937	166	49	of	of	ADP
cblr-2937	166	50	subprime	subprime	ADJ
cblr-2937	166	51	residential	residential	ADJ
cblr-2937	166	52	mortgage	mortgage	NOUN
cblr-2937	166	53	-	-	PUNCT
cblr-2937	166	54	backed	back	VERB
cblr-2937	166	55	securities	security	NOUN
cblr-2937	166	56	(	(	PUNCT
cblr-2937	166	57	rmbs	rmb	NOUN
cblr-2937	166	58	)	)	PUNCT
cblr-2937	166	59	and	and	CCONJ
cblr-2937	166	60	other	other	ADJ
cblr-2937	166	61	complex	complex	ADJ
cblr-2937	166	62	structured	structured	ADJ
cblr-2937	166	63	credit	credit	NOUN
cblr-2937	166	64	products	product	NOUN
cblr-2937	166	65	,	,	PUNCT
cblr-2937	166	66	especially	especially	ADV
cblr-2937	166	67	collateralized	collateralized	ADJ
cblr-2937	166	68	debt	debt	NOUN
cblr-2937	166	69	obligations	obligation	NOUN
cblr-2937	166	70	(	(	PUNCT
cblr-2937	166	71	cdos	cdo	NOUN
cblr-2937	166	72	)	)	PUNCT
cblr-2937	166	73	that	that	PRON
cblr-2937	166	74	held	hold	VERB
cblr-2937	166	75	rmbs	rmb	NOUN
cblr-2937	166	76	and	and	CCONJ
cblr-2937	166	77	other	other	ADJ
cblr-2937	166	78	asset	asset	NOUN
cblr-2937	166	79	-	-	PUNCT
cblr-2937	166	80	backed	back	VERB
cblr-2937	166	81	securities	security	NOUN
cblr-2937	166	82	(	(	PUNCT
cblr-2937	166	83	cdos	cdo	NOUN
cblr-2937	166	84	of	of	ADP
cblr-2937	166	85	abs	ab	NOUN
cblr-2937	166	86	)	)	PUNCT
cblr-2937	166	87	"	"	PUNCT
cblr-2937	166	88	)	)	PUNCT
cblr-2937	166	89	.	.	PUNCT
cblr-2937	167	1	the	the	DET
cblr-2937	167	2	working	working	PROPN
cblr-2937	167	3	group	group	NOUN
cblr-2937	167	4	's	's	PART
cblr-2937	167	5	members	member	NOUN
cblr-2937	167	6	are	be	AUX
cblr-2937	167	7	the	the	DET
cblr-2937	167	8	chairman	chairman	NOUN
cblr-2937	167	9	of	of	ADP
cblr-2937	167	10	the	the	DET
cblr-2937	167	11	federal	federal	PROPN
cblr-2937	167	12	reserve	reserve	PROPN
cblr-2937	167	13	board	board	PROPN
cblr-2937	167	14	of	of	ADP
cblr-2937	167	15	governors	governor	NOUN
cblr-2937	167	16	,	,	PUNCT
cblr-2937	167	17	the	the	DET
cblr-2937	167	18	secretary	secretary	NOUN
cblr-2937	167	19	of	of	ADP
cblr-2937	167	20	the	the	DET
cblr-2937	167	21	treasury	treasury	NOUN
cblr-2937	167	22	,	,	PUNCT
cblr-2937	167	23	the	the	DET
cblr-2937	167	24	chairman	chairman	NOUN
cblr-2937	167	25	of	of	ADP
cblr-2937	167	26	the	the	DET
cblr-2937	167	27	sec	sec	PROPN
cblr-2937	167	28	,	,	PUNCT
cblr-2937	167	29	and	and	CCONJ
cblr-2937	167	30	the	the	DET
cblr-2937	167	31	chairman	chairman	NOUN
cblr-2937	167	32	of	of	ADP
cblr-2937	167	33	the	the	DET
cblr-2937	167	34	cftc	cftc	PROPN
cblr-2937	167	35	.	.	PUNCT
cblr-2937	168	1	"	"	PUNCT
cblr-2937	168	2	technical	technical	ADJ
cblr-2937	168	3	comm	comm	NOUN
cblr-2937	168	4	.	.	PUNCT
cblr-2937	169	1	of	of	ADP
cblr-2937	169	2	the	the	DET
cblr-2937	169	3	int'l	int'l	ADJ
cblr-2937	169	4	org	org	NOUN
cblr-2937	169	5	.	.	PUNCT
cblr-2937	170	1	of	of	ADP
cblr-2937	170	2	sec	sec	PROPN
cblr-2937	170	3	.	.	PROPN
cblr-2937	170	4	comm'ns	comm'ns	PROPN
cblr-2937	170	5	.	.	PUNCT
cblr-2937	171	1	,	,	PUNCT
cblr-2937	171	2	the	the	DET
cblr-2937	171	3	role	role	NOUN
cblr-2937	171	4	of	of	ADP
cblr-2937	171	5	credit	credit	NOUN
cblr-2937	171	6	rating	rating	NOUN
cblr-2937	171	7	agencies	agency	NOUN
cblr-2937	171	8	in	in	ADP
cblr-2937	171	9	structured	structured	ADJ
cblr-2937	171	10	finance	finance	NOUN
cblr-2937	171	11	markets	market	NOUN
cblr-2937	171	12	2	2	NUM
cblr-2937	171	13	(	(	PUNCT
cblr-2937	171	14	2008	2008	NUM
cblr-2937	171	15	)	)	PUNCT
cblr-2937	172	1	[	[	X
cblr-2937	172	2	hereinafter	hereinafter	NOUN
cblr-2937	172	3	iosco	iosco	NOUN
cblr-2937	172	4	cra	cra	PROPN
cblr-2937	172	5	report	report	PROPN
cblr-2937	172	6	]	]	PUNCT
cblr-2937	172	7	(	(	PUNCT
cblr-2937	172	8	"	"	PUNCT
cblr-2937	172	9	cras	cras	X
cblr-2937	172	10	and	and	CCONJ
cblr-2937	172	11	their	their	PRON
cblr-2937	172	12	credit	credit	NOUN
cblr-2937	172	13	ratings	rating	NOUN
cblr-2937	172	14	played	play	VERB
cblr-2937	172	15	a	a	DET
cblr-2937	172	16	critical	critical	ADJ
cblr-2937	172	17	role	role	NOUN
cblr-2937	172	18	in	in	ADP
cblr-2937	172	19	the	the	DET
cblr-2937	172	20	recent	recent	ADJ
cblr-2937	172	21	market	market	NOUN
cblr-2937	172	22	turmoil	turmoil	NOUN
cblr-2937	172	23	.	.	PUNCT
cblr-2937	172	24	"	"	PUNCT
cblr-2937	172	25	)	)	PUNCT
cblr-2937	172	26	.	.	PUNCT
cblr-2937	173	1	3	3	X
cblr-2937	173	2	'	'	PART
cblr-2937	173	3	fin	fin	NOUN
cblr-2937	173	4	.	.	PUNCT
cblr-2937	174	1	stability	stability	PROPN
cblr-2937	174	2	forum	forum	PROPN
cblr-2937	174	3	,	,	PUNCT
cblr-2937	174	4	report	report	NOUN
cblr-2937	174	5	of	of	ADP
cblr-2937	174	6	the	the	DET
cblr-2937	174	7	financial	financial	ADJ
cblr-2937	174	8	stability	stability	NOUN
cblr-2937	174	9	forum	forum	NOUN
cblr-2937	174	10	on	on	ADP
cblr-2937	174	11	enhancing	enhance	VERB
cblr-2937	174	12	market	market	NOUN
cblr-2937	174	13	and	and	CCONJ
cblr-2937	174	14	institutional	institutional	ADJ
cblr-2937	174	15	resilience	resilience	NOUN
cblr-2937	174	16	32	32	NUM
cblr-2937	174	17	(	(	PUNCT
cblr-2937	174	18	2008	2008	NUM
cblr-2937	174	19	)	)	PUNCT
cblr-2937	175	1	[	[	X
cblr-2937	175	2	hereinafter	hereinafter	NOUN
cblr-2937	175	3	fsf	fsf	PROPN
cblr-2937	175	4	report	report	PROPN
cblr-2937	175	5	]	]	PUNCT
cblr-2937	175	6	(	(	PUNCT
cblr-2937	175	7	"	"	PUNCT
cblr-2937	175	8	poor	poor	ADJ
cblr-2937	175	9	credit	credit	NOUN
cblr-2937	175	10	assessments	assessment	NOUN
cblr-2937	175	11	by	by	ADP
cblr-2937	175	12	cras	cras	PROPN
cblr-2937	175	13	contributed	contribute	VERB
cblr-2937	175	14	both	both	PRON
cblr-2937	175	15	to	to	ADP
cblr-2937	175	16	the	the	DET
cblr-2937	175	17	build	build	NOUN
cblr-2937	175	18	up	up	ADP
cblr-2937	175	19	and	and	CCONJ
cblr-2937	175	20	the	the	DET
cblr-2937	175	21	unfolding	unfolding	NOUN
cblr-2937	175	22	of	of	ADP
cblr-2937	175	23	recent	recent	ADJ
cblr-2937	175	24	events	event	NOUN
cblr-2937	175	25	.	.	PUNCT
cblr-2937	175	26	"	"	PUNCT
cblr-2937	175	27	)	)	PUNCT
cblr-2937	175	28	.	.	PUNCT
cblr-2937	176	1	"	"	PUNCT
cblr-2937	176	2	staff	staff	NOUN
cblr-2937	176	3	of	of	ADP
cblr-2937	176	4	the	the	DET
cblr-2937	176	5	office	office	NOUN
cblr-2937	176	6	of	of	ADP
cblr-2937	176	7	compliance	compliance	NOUN
cblr-2937	176	8	inspections	inspection	NOUN
cblr-2937	176	9	&	&	CCONJ
cblr-2937	176	10	examinations	examination	NOUN
cblr-2937	176	11	,	,	PUNCT
cblr-2937	176	12	division	division	NOUN
cblr-2937	176	13	of	of	ADP
cblr-2937	176	14	trading	trading	NOUN
cblr-2937	176	15	&	&	CCONJ
cblr-2937	176	16	markets	market	NOUN
cblr-2937	176	17	&	&	CCONJ
cblr-2937	176	18	office	office	PROPN
cblr-2937	176	19	of	of	ADP
cblr-2937	176	20	economic	economic	ADJ
cblr-2937	176	21	analysis	analysis	NOUN
cblr-2937	176	22	,	,	PUNCT
cblr-2937	176	23	sec	sec	PROPN
cblr-2937	176	24	.	.	PROPN
cblr-2937	176	25	&	&	CCONJ
cblr-2937	176	26	exch	exch	PROPN
cblr-2937	176	27	.	.	PUNCT
cblr-2937	177	1	comm'n	comm'n	PROPN
cblr-2937	177	2	,	,	PUNCT
cblr-2937	177	3	summary	summary	NOUN
cblr-2937	177	4	report	report	NOUN
cblr-2937	177	5	of	of	ADP
cblr-2937	177	6	issues	issue	NOUN
cblr-2937	177	7	identified	identify	VERB
cblr-2937	177	8	in	in	ADP
cblr-2937	177	9	the	the	DET
cblr-2937	177	10	commission	commission	NOUN
cblr-2937	177	11	staff	staff	NOUN
cblr-2937	177	12	's	's	PART
cblr-2937	177	13	examination	examination	NOUN
cblr-2937	177	14	of	of	ADP
cblr-2937	177	15	select	select	ADJ
cblr-2937	177	16	rating	rating	NOUN
cblr-2937	177	17	agencies	agency	NOUN
cblr-2937	177	18	2	2	NUM
cblr-2937	177	19	(	(	PUNCT
cblr-2937	177	20	2008	2008	NUM
cblr-2937	177	21	)	)	PUNCT
cblr-2937	178	1	[	[	X
cblr-2937	178	2	hereinafter	hereinafter	NOUN
cblr-2937	178	3	sec	sec	PROPN
cblr-2937	178	4	staff	staff	NOUN
cblr-2937	178	5	examination	examination	NOUN
cblr-2937	178	6	report	report	NOUN
cblr-2937	178	7	]	]	PUNCT
cblr-2937	178	8	(	(	PUNCT
cblr-2937	178	9	"	"	PUNCT
cblr-2937	178	10	the	the	DET
cblr-2937	178	11	rating	rating	NOUN
cblr-2937	178	12	agencies	agency	NOUN
cblr-2937	178	13	'	'	PART
cblr-2937	178	14	performance	performance	NOUN
cblr-2937	178	15	in	in	ADP
cblr-2937	178	16	...	...	PUNCT
cblr-2937	178	17	structured	structured	ADJ
cblr-2937	178	18	finance	finance	NOUN
cblr-2937	178	19	products	product	NOUN
cblr-2937	178	20	raised	raise	VERB
cblr-2937	178	21	questions	question	NOUN
cblr-2937	178	22	about	about	ADP
cblr-2937	178	23	the	the	DET
cblr-2937	178	24	accuracy	accuracy	NOUN
cblr-2937	178	25	of	of	ADP
cblr-2937	178	26	their	their	PRON
cblr-2937	178	27	credit	credit	NOUN
cblr-2937	178	28	ratings	rating	NOUN
cblr-2937	178	29	generally	generally	ADV
cblr-2937	178	30	as	as	ADV
cblr-2937	178	31	well	well	ADV
cblr-2937	178	32	as	as	ADP
cblr-2937	178	33	the	the	DET
cblr-2937	178	34	integrity	integrity	NOUN
cblr-2937	178	35	of	of	ADP
cblr-2937	178	36	the	the	DET
cblr-2937	178	37	ratings	rating	NOUN
cblr-2937	178	38	process	process	NOUN
cblr-2937	178	39	as	as	ADP
cblr-2937	178	40	a	a	DET
cblr-2937	178	41	whole	whole	NOUN
cblr-2937	178	42	.	.	PUNCT
cblr-2937	178	43	"	"	PUNCT
cblr-2937	178	44	)	)	PUNCT
cblr-2937	178	45	.	.	PUNCT
cblr-2937	178	46	"	"	PUNCT
cblr-2937	179	1	fsf	fsf	PROPN
cblr-2937	179	2	report	report	PROPN
cblr-2937	179	3	,	,	PUNCT
cblr-2937	179	4	supra	supra	PROPN
cblr-2937	179	5	note	note	PROPN
cblr-2937	179	6	37	37	NUM
cblr-2937	179	7	,	,	PUNCT
cblr-2937	179	8	at	at	ADP
cblr-2937	179	9	33	33	NUM
cblr-2937	179	10	(	(	PUNCT
cblr-2937	179	11	"	"	PUNCT
cblr-2937	179	12	the	the	DET
cblr-2937	179	13	severe	severe	ADJ
cblr-2937	179	14	underestimation	underestimation	NOUN
cblr-2937	179	15	by	by	ADP
cblr-2937	179	16	cras	cra	NOUN
cblr-2937	179	17	of	of	ADP
cblr-2937	179	18	the	the	DET
cblr-2937	179	19	credit	credit	NOUN
cblr-2937	179	20	risks	risk	NOUN
cblr-2937	179	21	of	of	ADP
cblr-2937	179	22	instruments	instrument	NOUN
cblr-2937	179	23	collateralised	collateralise	VERB
cblr-2937	179	24	by	by	ADP
cblr-2937	179	25	subprime	subprime	ADJ
cblr-2937	179	26	mortgages	mortgage	NOUN
cblr-2937	179	27	resulted	result	VERB
cblr-2937	179	28	in	in	ADP
cblr-2937	179	29	part	part	NOUN
cblr-2937	179	30	from	from	ADP
cblr-2937	179	31	flaws	flaw	NOUN
cblr-2937	179	32	in	in	ADP
cblr-2937	179	33	their	their	PRON
cblr-2937	179	34	rating	rating	NOUN
cblr-2937	179	35	methodologies	methodology	NOUN
cblr-2937	179	36	.	.	PUNCT
cblr-2937	179	37	"	"	PUNCT
cblr-2937	179	38	)	)	PUNCT
cblr-2937	179	39	;	;	PUNCT
cblr-2937	179	40	iosco	iosco	PROPN
cblr-2937	179	41	cra	cra	PROPN
cblr-2937	179	42	report	report	PROPN
cblr-2937	179	43	,	,	PUNCT
cblr-2937	179	44	supra	supra	PROPN
cblr-2937	179	45	note	note	PROPN
cblr-2937	179	46	36	36	NUM
cblr-2937	179	47	,	,	PUNCT
cblr-2937	179	48	at	at	ADP
cblr-2937	179	49	2	2	NUM
cblr-2937	179	50	.	.	PUNCT
cblr-2937	180	1	no	no	INTJ
cblr-2937	180	2	.	.	PUNCT
cblr-2937	181	1	1:109	1:109	NUM
cblr-2937	181	2	]	]	X
cblr-2937	181	3	columbia	columbia	PROPN
cblr-2937	181	4	business	business	PROPN
cblr-2937	181	5	law	law	PROPN
cblr-2937	181	6	review	review	NOUN
cblr-2937	181	7	had	have	VERB
cblr-2937	181	8	an	an	DET
cblr-2937	181	9	inordinate	inordinate	ADJ
cblr-2937	181	10	effect	effect	NOUN
cblr-2937	181	11	on	on	ADP
cblr-2937	181	12	markets,40	markets,40	NOUN
cblr-2937	181	13	and	and	CCONJ
cblr-2937	181	14	that	that	SCONJ
cblr-2937	181	15	when	when	SCONJ
cblr-2937	181	16	a	a	DET
cblr-2937	181	17	large	large	ADJ
cblr-2937	181	18	number	number	NOUN
cblr-2937	181	19	of	of	ADP
cblr-2937	181	20	borrowers	borrower	NOUN
cblr-2937	181	21	started	start	VERB
cblr-2937	181	22	to	to	PART
cblr-2937	181	23	default	default	VERB
cblr-2937	181	24	on	on	ADP
cblr-2937	181	25	subprime	subprime	ADJ
cblr-2937	181	26	mortgages	mortgage	NOUN
cblr-2937	181	27	in	in	ADP
cblr-2937	181	28	2007	2007	NUM
cblr-2937	181	29	,	,	PUNCT
cblr-2937	181	30	the	the	DET
cblr-2937	181	31	low	low	ADJ
cblr-2937	181	32	quality	quality	NOUN
cblr-2937	181	33	of	of	ADP
cblr-2937	181	34	the	the	DET
cblr-2937	181	35	ratings	rating	NOUN
cblr-2937	181	36	was	be	AUX
cblr-2937	181	37	revealed4	revealed4	NOUN
cblr-2937	181	38	'	'	PUNCT
cblr-2937	181	39	and	and	CCONJ
cblr-2937	181	40	systemic	systemic	ADJ
cblr-2937	181	41	consequences	consequence	NOUN
cblr-2937	181	42	ensued.42	ensued.42	NOUN
cblr-2937	181	43	in	in	ADP
cblr-2937	181	44	particular	particular	ADJ
cblr-2937	181	45	,	,	PUNCT
cblr-2937	181	46	investors	investor	NOUN
cblr-2937	181	47	lost	lose	VERB
cblr-2937	181	48	confidence	confidence	NOUN
cblr-2937	181	49	in	in	ADP
cblr-2937	181	50	securitized	securitized	ADJ
cblr-2937	181	51	products	product	NOUN
cblr-2937	181	52	generally43	generally43	NOUN
cblr-2937	181	53	and/or	and/or	CCONJ
cblr-2937	181	54	were	be	AUX
cblr-2937	181	55	forced	force	VERB
cblr-2937	181	56	to	to	PART
cblr-2937	181	57	sell	sell	VERB
cblr-2937	181	58	securities	security	NOUN
cblr-2937	181	59	at	at	ADP
cblr-2937	181	60	"	"	PUNCT
cblr-2937	181	61	fire	fire	NOUN
cblr-2937	181	62	sale	sale	NOUN
cblr-2937	181	63	"	"	PUNCT
cblr-2937	181	64	prices	price	NOUN
cblr-2937	181	65	for	for	ADP
cblr-2937	181	66	liquidity	liquidity	NOUN
cblr-2937	181	67	reasons.44	reasons.44	PROPN
cblr-2937	181	68	although	although	SCONJ
cblr-2937	181	69	the	the	DET
cblr-2937	181	70	official	official	ADJ
cblr-2937	181	71	reports	report	NOUN
cblr-2937	181	72	present	present	VERB
cblr-2937	181	73	few	few	ADJ
cblr-2937	181	74	specific	specific	ADJ
cblr-2937	181	75	figures	figure	NOUN
cblr-2937	181	76	,	,	PUNCT
cblr-2937	181	77	the	the	DET
cblr-2937	181	78	evidence	evidence	NOUN
cblr-2937	181	79	suggests	suggest	VERB
cblr-2937	181	80	that	that	SCONJ
cblr-2937	181	81	default	default	NOUN
cblr-2937	181	82	rates	rate	NOUN
cblr-2937	181	83	on	on	ADP
cblr-2937	181	84	structured	structured	ADJ
cblr-2937	181	85	credit	credit	NOUN
cblr-2937	181	86	products	product	NOUN
cblr-2937	181	87	,	,	PUNCT
cblr-2937	181	88	especially	especially	ADV
cblr-2937	181	89	rmbs	rmb	NOUN
cblr-2937	181	90	-	-	PUNCT
cblr-2937	181	91	backed	back	VERB
cblr-2937	181	92	cdos	cdo	NOUN
cblr-2937	181	93	,	,	PUNCT
cblr-2937	181	94	have	have	AUX
cblr-2937	181	95	indeed	indeed	ADV
cblr-2937	181	96	been	be	AUX
cblr-2937	181	97	very	very	ADV
cblr-2937	181	98	high	high	ADJ
cblr-2937	181	99	:	:	PUNCT
cblr-2937	181	100	in	in	ADP
cblr-2937	181	101	july	july	PROPN
cblr-2937	181	102	2008	2008	NUM
cblr-2937	181	103	,	,	PUNCT
cblr-2937	181	104	analysts	analyst	NOUN
cblr-2937	181	105	reported	report	VERB
cblr-2937	181	106	that	that	SCONJ
cblr-2937	181	107	cdo	cdo	ADJ
cblr-2937	181	108	40	40	NUM
cblr-2937	181	109	iosco	iosco	NOUN
cblr-2937	181	110	cra	cra	PROPN
cblr-2937	181	111	report	report	PROPN
cblr-2937	181	112	,	,	PUNCT
cblr-2937	181	113	supra	supra	PROPN
cblr-2937	181	114	note	note	PROPN
cblr-2937	181	115	36	36	NUM
cblr-2937	181	116	,	,	PUNCT
cblr-2937	181	117	at	at	ADP
cblr-2937	181	118	2	2	NUM
cblr-2937	181	119	(	(	PUNCT
cblr-2937	181	120	"	"	PUNCT
cblr-2937	181	121	unlike	unlike	ADP
cblr-2937	181	122	securities	security	NOUN
cblr-2937	181	123	trading	trading	NOUN
cblr-2937	181	124	on	on	ADP
cblr-2937	181	125	deeper	deep	ADJ
cblr-2937	181	126	,	,	PUNCT
cblr-2937	181	127	more	more	ADV
cblr-2937	181	128	transparent	transparent	ADJ
cblr-2937	181	129	markets	market	NOUN
cblr-2937	181	130	,	,	PUNCT
cblr-2937	181	131	credit	credit	NOUN
cblr-2937	181	132	ratings	rating	NOUN
cblr-2937	181	133	have	have	AUX
cblr-2937	181	134	had	have	VERB
cblr-2937	181	135	an	an	DET
cblr-2937	181	136	inordinate	inordinate	ADJ
cblr-2937	181	137	impact	impact	NOUN
cblr-2937	181	138	on	on	ADP
cblr-2937	181	139	the	the	DET
cblr-2937	181	140	valuation	valuation	NOUN
cblr-2937	181	141	and	and	CCONJ
cblr-2937	181	142	liquidity	liquidity	NOUN
cblr-2937	181	143	of	of	ADP
cblr-2937	181	144	subprime	subprime	ADJ
cblr-2937	181	145	rmbss	rmbss	NOUN
cblr-2937	181	146	and	and	CCONJ
cblr-2937	181	147	rmbs	rmb	NOUN
cblr-2937	181	148	-	-	PUNCT
cblr-2937	181	149	backed	back	VERB
cblr-2937	181	150	cdos	cdo	NOUN
cblr-2937	181	151	.	.	PUNCT
cblr-2937	181	152	"	"	PUNCT
cblr-2937	181	153	)	)	PUNCT
cblr-2937	181	154	;	;	PUNCT
cblr-2937	181	155	see	see	VERB
cblr-2937	181	156	also	also	ADV
cblr-2937	181	157	black	black	ADJ
cblr-2937	181	158	boxes	box	NOUN
cblr-2937	181	159	skew	skew	NOUN
cblr-2937	181	160	ratings	rating	NOUN
cblr-2937	181	161	,	,	PUNCT
cblr-2937	181	162	wall	wall	PROPN
cblr-2937	181	163	st	st	PROPN
cblr-2937	181	164	.	.	PROPN
cblr-2937	181	165	j.	j.	PROPN
cblr-2937	181	166	,	,	PUNCT
cblr-2937	181	167	may	may	AUX
cblr-2937	181	168	22	22	NUM
cblr-2937	181	169	,	,	PUNCT
cblr-2937	181	170	2008	2008	NUM
cblr-2937	181	171	,	,	PUNCT
cblr-2937	181	172	at	at	ADP
cblr-2937	181	173	c14	c14	NOUN
cblr-2937	181	174	(	(	PUNCT
cblr-2937	181	175	criticizing	criticize	VERB
cblr-2937	181	176	investors	investor	NOUN
cblr-2937	181	177	for	for	ADP
cblr-2937	181	178	"	"	PUNCT
cblr-2937	181	179	blithely	blithely	ADV
cblr-2937	181	180	accepting	accept	VERB
cblr-2937	181	181	"	"	PUNCT
cblr-2937	181	182	ratings	rating	NOUN
cblr-2937	181	183	"	"	PUNCT
cblr-2937	181	184	at	at	ADP
cblr-2937	181	185	face	face	NOUN
cblr-2937	181	186	value	value	NOUN
cblr-2937	181	187	"	"	PUNCT
cblr-2937	181	188	)	)	PUNCT
cblr-2937	181	189	.	.	PUNCT
cblr-2937	182	1	41	41	NUM
cblr-2937	182	2	iosco	iosco	PROPN
cblr-2937	182	3	cra	cra	PROPN
cblr-2937	182	4	report	report	PROPN
cblr-2937	182	5	,	,	PUNCT
cblr-2937	182	6	supra	supra	PROPN
cblr-2937	182	7	note	note	PROPN
cblr-2937	182	8	36	36	NUM
cblr-2937	182	9	,	,	PUNCT
cblr-2937	182	10	at	at	ADP
cblr-2937	182	11	2	2	NUM
cblr-2937	182	12	(	(	PUNCT
cblr-2937	182	13	"	"	PUNCT
cblr-2937	182	14	[	[	AUX
cblr-2937	182	15	als	al	VERB
cblr-2937	182	16	the	the	DET
cblr-2937	182	17	number	number	NOUN
cblr-2937	182	18	of	of	ADP
cblr-2937	182	19	delinquencies	delinquency	NOUN
cblr-2937	182	20	on	on	ADP
cblr-2937	182	21	subprime	subprime	ADJ
cblr-2937	182	22	mortgages	mortgage	NOUN
cblr-2937	182	23	in	in	ADP
cblr-2937	182	24	the	the	DET
cblr-2937	182	25	united	united	PROPN
cblr-2937	182	26	states	states	PROPN
cblr-2937	182	27	suddenly	suddenly	ADV
cblr-2937	182	28	increased	increase	VERB
cblr-2937	182	29	,	,	PUNCT
cblr-2937	182	30	some	some	DET
cblr-2937	182	31	investors	investor	NOUN
cblr-2937	182	32	began	begin	VERB
cblr-2937	182	33	to	to	PART
cblr-2937	182	34	question	question	VERB
cblr-2937	182	35	the	the	DET
cblr-2937	182	36	accuracy	accuracy	NOUN
cblr-2937	182	37	of	of	ADP
cblr-2937	182	38	many	many	ADJ
cblr-2937	182	39	cdo	cdo	NOUN
cblr-2937	182	40	and	and	CCONJ
cblr-2937	182	41	rmbs	rmb	NOUN
cblr-2937	182	42	ratings	rating	NOUN
cblr-2937	182	43	,	,	PUNCT
cblr-2937	182	44	fueling	fuel	VERB
cblr-2937	182	45	a	a	DET
cblr-2937	182	46	growing	grow	VERB
cblr-2937	182	47	reluctance	reluctance	NOUN
cblr-2937	182	48	to	to	PART
cblr-2937	182	49	invest	invest	VERB
cblr-2937	182	50	in	in	ADP
cblr-2937	182	51	these	these	DET
cblr-2937	182	52	products	product	NOUN
cblr-2937	182	53	by	by	ADP
cblr-2937	182	54	increasingly	increasingly	ADV
cblr-2937	182	55	risk	risk	NOUN
cblr-2937	182	56	-	-	PUNCT
cblr-2937	182	57	averse	averse	ADJ
cblr-2937	182	58	investors	investor	NOUN
cblr-2937	182	59	.	.	PUNCT
cblr-2937	183	1	"	"	PUNCT
cblr-2937	183	2	)	)	PUNCT
cblr-2937	183	3	;	;	PUNCT
cblr-2937	183	4	fsf	fsf	PROPN
cblr-2937	183	5	report	report	PROPN
cblr-2937	183	6	,	,	PUNCT
cblr-2937	183	7	supra	supra	PROPN
cblr-2937	183	8	note	note	PROPN
cblr-2937	183	9	37	37	NUM
cblr-2937	183	10	,	,	PUNCT
cblr-2937	183	11	at	at	ADP
cblr-2937	183	12	32	32	NUM
cblr-2937	183	13	(	(	PUNCT
cblr-2937	183	14	"	"	PUNCT
cblr-2937	183	15	after	after	ADP
cblr-2937	183	16	assigning	assign	VERB
cblr-2937	183	17	high	high	ADJ
cblr-2937	183	18	ratings	rating	NOUN
cblr-2937	183	19	to	to	ADP
cblr-2937	183	20	subprime	subprime	ADV
cblr-2937	183	21	-	-	PUNCT
cblr-2937	183	22	related	relate	VERB
cblr-2937	183	23	rmbss	rmbss	NOUN
cblr-2937	183	24	and	and	CCONJ
cblr-2937	183	25	cdos	cdo	NOUN
cblr-2937	183	26	between	between	ADP
cblr-2937	183	27	2004	2004	NUM
cblr-2937	183	28	and	and	CCONJ
cblr-2937	183	29	2007	2007	NUM
cblr-2937	183	30	,	,	PUNCT
cblr-2937	183	31	and	and	CCONJ
cblr-2937	183	32	thus	thus	ADV
cblr-2937	183	33	contributing	contribute	VERB
cblr-2937	183	34	to	to	ADP
cblr-2937	183	35	the	the	DET
cblr-2937	183	36	phenomenal	phenomenal	ADJ
cblr-2937	183	37	growth	growth	NOUN
cblr-2937	183	38	of	of	ADP
cblr-2937	183	39	subprime	subprime	ADJ
cblr-2937	183	40	lending	lending	NOUN
cblr-2937	183	41	,	,	PUNCT
cblr-2937	183	42	since	since	SCONJ
cblr-2937	183	43	mid-2007	mid-2007	NOUN
cblr-2937	183	44	cras	cras	PROPN
cblr-2937	183	45	have	have	AUX
cblr-2937	183	46	announced	announce	VERB
cblr-2937	183	47	an	an	DET
cblr-2937	183	48	inordinate	inordinate	ADJ
cblr-2937	183	49	number	number	NOUN
cblr-2937	183	50	of	of	ADP
cblr-2937	183	51	rapid	rapid	ADJ
cblr-2937	183	52	multi	multi	ADJ
cblr-2937	183	53	-	-	ADJ
cblr-2937	183	54	notch	notch	ADJ
cblr-2937	183	55	downgrades	downgrade	NOUN
cblr-2937	183	56	of	of	ADP
cblr-2937	183	57	these	these	DET
cblr-2937	183	58	instruments	instrument	NOUN
cblr-2937	183	59	.	.	PUNCT
cblr-2937	184	1	this	this	PRON
cblr-2937	184	2	has	have	AUX
cblr-2937	184	3	raised	raise	VERB
cblr-2937	184	4	questions	question	NOUN
cblr-2937	184	5	about	about	ADP
cblr-2937	184	6	the	the	DET
cblr-2937	184	7	quality	quality	NOUN
cblr-2937	184	8	of	of	ADP
cblr-2937	184	9	credit	credit	NOUN
cblr-2937	184	10	ratings	rating	NOUN
cblr-2937	184	11	with	with	ADP
cblr-2937	184	12	regard	regard	NOUN
cblr-2937	184	13	to	to	ADP
cblr-2937	184	14	structured	structured	ADJ
cblr-2937	184	15	products	product	NOUN
cblr-2937	184	16	.	.	PUNCT
cblr-2937	184	17	"	"	PUNCT
cblr-2937	184	18	)	)	PUNCT
cblr-2937	184	19	.	.	PUNCT
cblr-2937	185	1	42	42	NUM
cblr-2937	185	2	iosco	iosco	PROPN
cblr-2937	185	3	cra	cra	PROPN
cblr-2937	185	4	report	report	PROPN
cblr-2937	185	5	,	,	PUNCT
cblr-2937	185	6	supra	supra	PROPN
cblr-2937	185	7	note	note	PROPN
cblr-2937	185	8	36	36	NUM
cblr-2937	185	9	,	,	PUNCT
cblr-2937	185	10	at	at	ADP
cblr-2937	185	11	2	2	NUM
cblr-2937	185	12	(	(	PUNCT
cblr-2937	185	13	"	"	PUNCT
cblr-2937	185	14	[	[	X
cblr-2937	185	15	q]uestions	q]uestion	NOUN
cblr-2937	185	16	about	about	ADP
cblr-2937	185	17	the	the	DET
cblr-2937	185	18	quality	quality	NOUN
cblr-2937	185	19	of	of	ADP
cblr-2937	185	20	cra	cra	PROPN
cblr-2937	185	21	ratings	rating	NOUN
cblr-2937	185	22	and	and	CCONJ
cblr-2937	185	23	the	the	DET
cblr-2937	185	24	integrity	integrity	NOUN
cblr-2937	185	25	of	of	ADP
cblr-2937	185	26	the	the	DET
cblr-2937	185	27	rating	rating	NOUN
cblr-2937	185	28	process	process	NOUN
cblr-2937	185	29	arguably	arguably	ADV
cblr-2937	185	30	added	add	VERB
cblr-2937	185	31	to	to	ADP
cblr-2937	185	32	the	the	DET
cblr-2937	185	33	liquidity	liquidity	NOUN
cblr-2937	185	34	crisis	crisis	NOUN
cblr-2937	185	35	that	that	PRON
cblr-2937	185	36	occurred	occur	VERB
cblr-2937	185	37	[	[	X
cblr-2937	185	38	in	in	ADP
cblr-2937	185	39	]	]	PUNCT
cblr-2937	185	40	many	many	ADJ
cblr-2937	185	41	markets	market	NOUN
cblr-2937	185	42	beginning	begin	VERB
cblr-2937	185	43	in	in	ADP
cblr-2937	185	44	august	august	PROPN
cblr-2937	185	45	2007	2007	NUM
cblr-2937	185	46	.	.	PUNCT
cblr-2937	186	1	"	"	PUNCT
cblr-2937	186	2	)	)	PUNCT
cblr-2937	186	3	.	.	PUNCT
cblr-2937	186	4	4	4	NUM
cblr-2937	186	5	fsf	fsf	PROPN
cblr-2937	186	6	report	report	NOUN
cblr-2937	186	7	,	,	PUNCT
cblr-2937	186	8	supra	supra	PROPN
cblr-2937	186	9	note	note	PROPN
cblr-2937	186	10	37	37	NUM
cblr-2937	186	11	,	,	PUNCT
cblr-2937	186	12	at	at	ADP
cblr-2937	186	13	32	32	NUM
cblr-2937	186	14	(	(	PUNCT
cblr-2937	186	15	"	"	PUNCT
cblr-2937	186	16	cras	cras	X
cblr-2937	186	17	assigned	assign	VERB
cblr-2937	186	18	high	high	ADJ
cblr-2937	186	19	credit	credit	NOUN
cblr-2937	186	20	ratings	rating	NOUN
cblr-2937	186	21	to	to	ADP
cblr-2937	186	22	complex	complex	ADJ
cblr-2937	186	23	structured	structured	ADJ
cblr-2937	186	24	subprime	subprime	ADJ
cblr-2937	186	25	debt	debt	NOUN
cblr-2937	186	26	based	base	VERB
cblr-2937	186	27	on	on	ADP
cblr-2937	186	28	inadequate	inadequate	ADJ
cblr-2937	186	29	historical	historical	ADJ
cblr-2937	186	30	data	datum	NOUN
cblr-2937	186	31	and	and	CCONJ
cblr-2937	186	32	in	in	ADP
cblr-2937	186	33	some	some	DET
cblr-2937	186	34	cases	case	NOUN
cblr-2937	186	35	flawed	flawed	ADJ
cblr-2937	186	36	models	model	NOUN
cblr-2937	186	37	.	.	PUNCT
cblr-2937	187	1	as	as	SCONJ
cblr-2937	187	2	investors	investor	NOUN
cblr-2937	187	3	realized	realize	VERB
cblr-2937	187	4	this	this	PRON
cblr-2937	187	5	,	,	PUNCT
cblr-2937	187	6	they	they	PRON
cblr-2937	187	7	lost	lose	VERB
cblr-2937	187	8	confidence	confidence	NOUN
cblr-2937	187	9	in	in	ADP
cblr-2937	187	10	ratings	rating	NOUN
cblr-2937	187	11	of	of	ADP
cblr-2937	187	12	securitised	securitise	VERB
cblr-2937	187	13	products	product	NOUN
cblr-2937	187	14	more	more	ADV
cblr-2937	187	15	generally	generally	ADV
cblr-2937	187	16	.	.	PUNCT
cblr-2937	188	1	"	"	PUNCT
cblr-2937	188	2	)	)	PUNCT
cblr-2937	188	3	;	;	PUNCT
cblr-2937	188	4	iosco	iosco	PROPN
cblr-2937	188	5	cra	cra	PROPN
cblr-2937	188	6	report	report	PROPN
cblr-2937	188	7	,	,	PUNCT
cblr-2937	188	8	supra	supra	PROPN
cblr-2937	188	9	note	note	PROPN
cblr-2937	188	10	36	36	NUM
cblr-2937	188	11	,	,	PUNCT
cblr-2937	188	12	at	at	ADP
cblr-2937	188	13	9	9	NUM
cblr-2937	188	14	.	.	PUNCT
cblr-2937	188	15	'	'	PUNCT
cblr-2937	189	1	bethel	bethel	PROPN
cblr-2937	189	2	et	et	PROPN
cblr-2937	189	3	al	al	PROPN
cblr-2937	189	4	.	.	PROPN
cblr-2937	189	5	,	,	PUNCT
cblr-2937	189	6	supra	supra	PROPN
cblr-2937	189	7	note	note	PROPN
cblr-2937	189	8	26	26	NUM
cblr-2937	189	9	,	,	PUNCT
cblr-2937	189	10	at	at	ADP
cblr-2937	189	11	20	20	NUM
cblr-2937	189	12	-	-	SYM
cblr-2937	189	13	21	21	NUM
cblr-2937	189	14	(	(	PUNCT
cblr-2937	189	15	arguing	argue	VERB
cblr-2937	189	16	that	that	SCONJ
cblr-2937	189	17	asset	asset	NOUN
cblr-2937	189	18	writedowns	writedown	NOUN
cblr-2937	189	19	forced	force	VERB
cblr-2937	189	20	financial	financial	ADJ
cblr-2937	189	21	institutions	institution	NOUN
cblr-2937	189	22	such	such	ADJ
cblr-2937	189	23	as	as	ADP
cblr-2937	189	24	banks	bank	NOUN
cblr-2937	189	25	to	to	PART
cblr-2937	189	26	sell	sell	VERB
cblr-2937	189	27	assets	asset	NOUN
cblr-2937	189	28	into	into	ADP
cblr-2937	189	29	a	a	DET
cblr-2937	189	30	glutted	glutted	ADJ
cblr-2937	189	31	market	market	NOUN
cblr-2937	189	32	to	to	PART
cblr-2937	189	33	meet	meet	VERB
cblr-2937	189	34	capital	capital	NOUN
cblr-2937	189	35	requirements	requirement	NOUN
cblr-2937	189	36	while	while	SCONJ
cblr-2937	189	37	institutional	institutional	ADJ
cblr-2937	189	38	investors	investor	NOUN
cblr-2937	189	39	were	be	AUX
cblr-2937	189	40	forced	force	VERB
cblr-2937	189	41	at	at	ADP
cblr-2937	189	42	the	the	DET
cblr-2937	189	43	same	same	ADJ
cblr-2937	189	44	time	time	NOUN
cblr-2937	189	45	to	to	PART
cblr-2937	189	46	sell	sell	VERB
cblr-2937	189	47	instruments	instrument	NOUN
cblr-2937	189	48	downgraded	downgrade	VERB
cblr-2937	189	49	below	below	ADP
cblr-2937	189	50	investment	investment	NOUN
cblr-2937	189	51	grade	grade	NOUN
cblr-2937	189	52	because	because	SCONJ
cblr-2937	189	53	of	of	ADP
cblr-2937	189	54	"	"	PUNCT
cblr-2937	189	55	erisa	erisa	NOUN
cblr-2937	189	56	restrictions	restriction	NOUN
cblr-2937	189	57	,	,	PUNCT
cblr-2937	189	58	other	other	ADJ
cblr-2937	189	59	legal	legal	ADJ
cblr-2937	189	60	requirements	requirement	NOUN
cblr-2937	189	61	,	,	PUNCT
cblr-2937	189	62	and	and	CCONJ
cblr-2937	189	63	their	their	PRON
cblr-2937	189	64	own	own	ADJ
cblr-2937	189	65	stated	state	VERB
cblr-2937	189	66	investing	investing	NOUN
cblr-2937	189	67	criteria	criterion	NOUN
cblr-2937	189	68	"	"	PUNCT
cblr-2937	189	69	)	)	PUNCT
cblr-2937	189	70	.	.	PUNCT
cblr-2937	190	1	122	122	NUM
cblr-2937	191	1	[	[	X
cblr-2937	191	2	vol	vol	NOUN
cblr-2937	191	3	.	.	PUNCT
cblr-2937	191	4	2009	2009	NUM
cblr-2937	191	5	defaults	default	NOUN
cblr-2937	191	6	since	since	SCONJ
cblr-2937	191	7	october	october	PROPN
cblr-2937	191	8	2007	2007	NUM
cblr-2937	191	9	totaled	total	VERB
cblr-2937	191	10	200	200	NUM
cblr-2937	191	11	with	with	ADP
cblr-2937	191	12	$	$	SYM
cblr-2937	191	13	220	220	NUM
cblr-2937	191	14	billion	billion	NUM
cblr-2937	191	15	nominal	nominal	ADJ
cblr-2937	191	16	value	value	NOUN
cblr-2937	191	17	,	,	PUNCT
cblr-2937	191	18	or	or	CCONJ
cblr-2937	191	19	36	36	NUM
cblr-2937	191	20	%	%	NOUN
cblr-2937	191	21	of	of	ADP
cblr-2937	191	22	all	all	DET
cblr-2937	191	23	cdos	cdo	NOUN
cblr-2937	191	24	that	that	PRON
cblr-2937	191	25	were	be	AUX
cblr-2937	191	26	based	base	VERB
cblr-2937	191	27	on	on	ADP
cblr-2937	191	28	united	united	PROPN
cblr-2937	191	29	states	states	PROPN
cblr-2937	191	30	asset	asset	NOUN
cblr-2937	191	31	-	-	PUNCT
cblr-2937	191	32	backed	back	VERB
cblr-2937	191	33	securities.45	securities.45	PROPN
cblr-2937	191	34	critics	critic	NOUN
cblr-2937	191	35	have	have	AUX
cblr-2937	191	36	emphasized	emphasize	VERB
cblr-2937	191	37	the	the	DET
cblr-2937	191	38	default	default	NOUN
cblr-2937	191	39	rates	rate	NOUN
cblr-2937	191	40	on	on	ADP
cblr-2937	191	41	the	the	DET
cblr-2937	191	42	underlying	underlie	VERB
cblr-2937	191	43	subprime	subprime	ADJ
cblr-2937	191	44	mortgages	mortgage	NOUN
cblr-2937	191	45	.	.	PUNCT
cblr-2937	192	1	but	but	CCONJ
cblr-2937	192	2	that	that	PRON
cblr-2937	192	3	is	be	AUX
cblr-2937	192	4	not	not	PART
cblr-2937	192	5	the	the	DET
cblr-2937	192	6	only	only	ADJ
cblr-2937	192	7	problem	problem	NOUN
cblr-2937	192	8	.	.	PUNCT
cblr-2937	193	1	commenters	commenter	NOUN
cblr-2937	193	2	have	have	AUX
cblr-2937	193	3	also	also	ADV
cblr-2937	193	4	taken	take	VERB
cblr-2937	193	5	rating	rating	NOUN
cblr-2937	193	6	agencies	agency	NOUN
cblr-2937	193	7	to	to	ADP
cblr-2937	193	8	task	task	NOUN
cblr-2937	193	9	for	for	ADP
cblr-2937	193	10	fundamental	fundamental	ADJ
cblr-2937	193	11	defects	defect	NOUN
cblr-2937	193	12	in	in	ADP
cblr-2937	193	13	their	their	PRON
cblr-2937	193	14	methodologies	methodology	NOUN
cblr-2937	193	15	for	for	ADP
cblr-2937	193	16	these	these	DET
cblr-2937	193	17	products	product	NOUN
cblr-2937	193	18	.	.	PUNCT
cblr-2937	194	1	moreover	moreover	ADV
cblr-2937	194	2	,	,	PUNCT
cblr-2937	194	3	ratings	rating	NOUN
cblr-2937	194	4	on	on	ADP
cblr-2937	194	5	some	some	DET
cblr-2937	194	6	products	product	NOUN
cblr-2937	194	7	that	that	PRON
cblr-2937	194	8	are	be	AUX
cblr-2937	194	9	not	not	PART
cblr-2937	194	10	directly	directly	ADV
cblr-2937	194	11	tied	tie	VERB
cblr-2937	194	12	to	to	ADP
cblr-2937	194	13	subprime	subprime	ADJ
cblr-2937	194	14	mortgages	mortgage	NOUN
cblr-2937	194	15	appear	appear	VERB
cblr-2937	194	16	to	to	PART
cblr-2937	194	17	have	have	AUX
cblr-2937	194	18	performed	perform	VERB
cblr-2937	194	19	poorly	poorly	ADV
cblr-2937	194	20	.	.	PUNCT
cblr-2937	195	1	for	for	ADP
cblr-2937	195	2	example	example	NOUN
cblr-2937	195	3	,	,	PUNCT
cblr-2937	195	4	2006	2006	NUM
cblr-2937	195	5	saw	see	VERB
cblr-2937	195	6	the	the	DET
cblr-2937	195	7	introduction	introduction	NOUN
cblr-2937	195	8	of	of	ADP
cblr-2937	195	9	the	the	DET
cblr-2937	195	10	cpdo	cpdo	NOUN
cblr-2937	195	11	(	(	PUNCT
cblr-2937	195	12	"	"	PUNCT
cblr-2937	195	13	constant	constant	ADJ
cblr-2937	195	14	proportion	proportion	NOUN
cblr-2937	195	15	debt	debt	NOUN
cblr-2937	195	16	obligation	obligation	NOUN
cblr-2937	195	17	"	"	PUNCT
cblr-2937	195	18	)	)	PUNCT
cblr-2937	195	19	,	,	PUNCT
cblr-2937	195	20	an	an	DET
cblr-2937	195	21	instrument	instrument	NOUN
cblr-2937	195	22	designed	design	VERB
cblr-2937	195	23	to	to	PART
cblr-2937	195	24	meet	meet	VERB
cblr-2937	195	25	fixed	fix	VERB
cblr-2937	195	26	yield	yield	NOUN
cblr-2937	195	27	targets	target	NOUN
cblr-2937	195	28	by	by	ADP
cblr-2937	195	29	increasing	increase	VERB
cblr-2937	195	30	or	or	CCONJ
cblr-2937	195	31	decreasing	decrease	VERB
cblr-2937	195	32	leverage	leverage	NOUN
cblr-2937	195	33	depending	depend	VERB
cblr-2937	195	34	on	on	ADP
cblr-2937	195	35	market	market	NOUN
cblr-2937	195	36	conditions.46	conditions.46	NOUN
cblr-2937	195	37	the	the	DET
cblr-2937	195	38	fundamental	fundamental	ADJ
cblr-2937	195	39	source	source	NOUN
cblr-2937	195	40	of	of	ADP
cblr-2937	195	41	risk	risk	NOUN
cblr-2937	195	42	and	and	CCONJ
cblr-2937	195	43	return	return	VERB
cblr-2937	195	44	in	in	ADP
cblr-2937	195	45	a	a	DET
cblr-2937	195	46	cpdo	cpdo	NOUN
cblr-2937	195	47	is	be	AUX
cblr-2937	195	48	an	an	DET
cblr-2937	195	49	index	index	NOUN
cblr-2937	195	50	of	of	ADP
cblr-2937	195	51	corporate	corporate	ADJ
cblr-2937	195	52	credit	credit	NOUN
cblr-2937	195	53	spreads	spread	NOUN
cblr-2937	195	54	,	,	PUNCT
cblr-2937	195	55	so	so	CCONJ
cblr-2937	195	56	there	there	PRON
cblr-2937	195	57	is	be	VERB
cblr-2937	195	58	no	no	DET
cblr-2937	195	59	direct	direct	ADJ
cblr-2937	195	60	connection	connection	NOUN
cblr-2937	195	61	to	to	ADP
cblr-2937	195	62	subprime	subprime	ADJ
cblr-2937	195	63	mortgages	mortgage	NOUN
cblr-2937	195	64	.	.	PUNCT
cblr-2937	196	1	nevertheless	nevertheless	ADV
cblr-2937	196	2	,	,	PUNCT
cblr-2937	196	3	in	in	ADP
cblr-2937	196	4	early	early	ADJ
cblr-2937	196	5	2008	2008	NUM
cblr-2937	196	6	,	,	PUNCT
cblr-2937	196	7	moody	moody	PROPN
cblr-2937	196	8	's	's	PART
cblr-2937	196	9	downgraded	downgrade	VERB
cblr-2937	196	10	twenty	twenty	NUM
cblr-2937	196	11	-	-	PUNCT
cblr-2937	196	12	one	one	NUM
cblr-2937	196	13	european	european	ADJ
cblr-2937	196	14	cpdos	cpdo	NOUN
cblr-2937	196	15	,	,	PUNCT
cblr-2937	196	16	"	"	PUNCT
cblr-2937	196	17	john	john	PROPN
cblr-2937	196	18	kicklighter	kicklighter	PROPN
cblr-2937	196	19	,	,	PUNCT
cblr-2937	196	20	traders	trader	NOUN
cblr-2937	196	21	push	push	VERB
cblr-2937	196	22	back	back	ADV
cblr-2937	196	23	speculation	speculation	NOUN
cblr-2937	196	24	of	of	ADP
cblr-2937	196	25	a	a	DET
cblr-2937	196	26	fed	fed	PROPN
cblr-2937	196	27	hike	hike	NOUN
cblr-2937	196	28	as	as	ADP
cblr-2937	196	29	growth	growth	NOUN
cblr-2937	196	30	,	,	PUNCT
cblr-2937	196	31	markets	market	NOUN
cblr-2937	196	32	sour	sour	ADJ
cblr-2937	196	33	,	,	PUNCT
cblr-2937	196	34	dailyfx	dailyfx	ADJ
cblr-2937	196	35	,	,	PUNCT
cblr-2937	196	36	july	july	PROPN
cblr-2937	196	37	2	2	NUM
cblr-2937	196	38	,	,	PUNCT
cblr-2937	196	39	2008	2008	NUM
cblr-2937	196	40	;	;	PUNCT
cblr-2937	196	41	see	see	VERB
cblr-2937	196	42	also	also	ADV
cblr-2937	196	43	bethel	bethel	PROPN
cblr-2937	196	44	et	et	PROPN
cblr-2937	196	45	al	al	PROPN
cblr-2937	196	46	.	.	PROPN
cblr-2937	196	47	,	,	PUNCT
cblr-2937	196	48	supra	supra	PROPN
cblr-2937	196	49	note	note	PROPN
cblr-2937	196	50	26	26	NUM
cblr-2937	196	51	,	,	PUNCT
cblr-2937	196	52	at	at	ADP
cblr-2937	196	53	20	20	NUM
cblr-2937	196	54	(	(	PUNCT
cblr-2937	196	55	"	"	PUNCT
cblr-2937	196	56	[	[	X
cblr-2937	196	57	b]y	b]y	X
cblr-2937	196	58	september	september	PROPN
cblr-2937	196	59	of	of	ADP
cblr-2937	196	60	2007	2007	NUM
cblr-2937	196	61	,	,	PUNCT
cblr-2937	196	62	moody	moody	PROPN
cblr-2937	196	63	's	's	PART
cblr-2937	196	64	had	have	AUX
cblr-2937	196	65	downgraded	downgrade	VERB
cblr-2937	196	66	about	about	ADV
cblr-2937	196	67	$	$	SYM
cblr-2937	196	68	25	25	NUM
cblr-2937	196	69	billion	billion	NUM
cblr-2937	196	70	,	,	PUNCT
cblr-2937	196	71	or	or	CCONJ
cblr-2937	196	72	roughly	roughly	ADV
cblr-2937	196	73	five	five	NUM
cblr-2937	196	74	percent	percent	NOUN
cblr-2937	196	75	of	of	ADP
cblr-2937	196	76	the	the	DET
cblr-2937	196	77	$	$	SYM
cblr-2937	196	78	460	460	NUM
cblr-2937	196	79	billion	billion	NUM
cblr-2937	196	80	of	of	ADP
cblr-2937	196	81	subprime	subprime	ADJ
cblr-2937	196	82	mbs	mb	NOUN
cblr-2937	196	83	it	it	PRON
cblr-2937	196	84	rated	rate	VERB
cblr-2937	196	85	in	in	ADP
cblr-2937	196	86	2006	2006	NUM
cblr-2937	196	87	.	.	PUNCT
cblr-2937	197	1	in	in	ADP
cblr-2937	197	2	comparison	comparison	NOUN
cblr-2937	197	3	,	,	PUNCT
cblr-2937	197	4	moody	moody	PROPN
cblr-2937	197	5	's	's	PART
cblr-2937	197	6	had	have	AUX
cblr-2937	197	7	only	only	ADV
cblr-2937	197	8	downgraded	downgrade	VERB
cblr-2937	197	9	2.1	2.1	NUM
cblr-2937	197	10	percent	percent	NOUN
cblr-2937	197	11	by	by	ADP
cblr-2937	197	12	dollar	dollar	NOUN
cblr-2937	197	13	volume	volume	NOUN
cblr-2937	197	14	in	in	ADP
cblr-2937	197	15	the	the	DET
cblr-2937	197	16	subprime	subprime	ADJ
cblr-2937	197	17	rmbs	rmb	NOUN
cblr-2937	197	18	sector	sector	NOUN
cblr-2937	197	19	for	for	ADP
cblr-2937	197	20	the	the	DET
cblr-2937	197	21	combined	combine	VERB
cblr-2937	197	22	20022006	20022006	NUM
cblr-2937	197	23	time	time	NOUN
cblr-2937	197	24	period	period	NOUN
cblr-2937	197	25	,	,	PUNCT
cblr-2937	197	26	and	and	CCONJ
cblr-2937	197	27	one	one	NUM
cblr-2937	197	28	percent	percent	NOUN
cblr-2937	197	29	by	by	ADP
cblr-2937	197	30	dollar	dollar	NOUN
cblr-2937	197	31	volume	volume	NOUN
cblr-2937	197	32	for	for	ADP
cblr-2937	197	33	all	all	PRON
cblr-2937	197	34	of	of	ADP
cblr-2937	197	35	rmbs	rmb	NOUN
cblr-2937	197	36	.	.	PUNCT
cblr-2937	197	37	"	"	PUNCT
cblr-2937	197	38	)	)	PUNCT
cblr-2937	197	39	.	.	PUNCT
cblr-2937	198	1	note	note	VERB
cblr-2937	198	2	that	that	SCONJ
cblr-2937	198	3	cdos	cdo	NOUN
cblr-2937	198	4	can	can	AUX
cblr-2937	198	5	default	default	VERB
cblr-2937	198	6	due	due	ADP
cblr-2937	198	7	to	to	ADP
cblr-2937	198	8	ratings	rating	NOUN
cblr-2937	198	9	downgrades	downgrade	NOUN
cblr-2937	198	10	,	,	PUNCT
cblr-2937	198	11	meaning	mean	VERB
cblr-2937	198	12	that	that	SCONJ
cblr-2937	198	13	using	use	VERB
cblr-2937	198	14	cdo	cdo	ADJ
cblr-2937	198	15	defaults	default	NOUN
cblr-2937	198	16	to	to	PART
cblr-2937	198	17	measure	measure	VERB
cblr-2937	198	18	rating	rating	NOUN
cblr-2937	198	19	quality	quality	NOUN
cblr-2937	198	20	could	could	AUX
cblr-2937	198	21	be	be	AUX
cblr-2937	198	22	criticized	criticize	VERB
cblr-2937	198	23	as	as	ADP
cblr-2937	198	24	circular	circular	ADJ
cblr-2937	198	25	.	.	PUNCT
cblr-2937	199	1	but	but	CCONJ
cblr-2937	199	2	downgrades	downgrade	VERB
cblr-2937	199	3	lead	lead	VERB
cblr-2937	199	4	to	to	ADP
cblr-2937	199	5	cash	cash	NOUN
cblr-2937	199	6	-	-	PUNCT
cblr-2937	199	7	flow	flow	NOUN
cblr-2937	199	8	,	,	PUNCT
cblr-2937	199	9	or	or	CCONJ
cblr-2937	199	10	"	"	PUNCT
cblr-2937	199	11	real	real	ADJ
cblr-2937	199	12	"	"	PUNCT
cblr-2937	199	13	defaults	default	NOUN
cblr-2937	199	14	.	.	PUNCT
cblr-2937	200	1	see	see	VERB
cblr-2937	200	2	moody	moody	PROPN
cblr-2937	200	3	's	's	PART
cblr-2937	200	4	investors	investor	NOUN
cblr-2937	200	5	service	service	NOUN
cblr-2937	200	6	,	,	PUNCT
cblr-2937	200	7	special	special	ADJ
cblr-2937	200	8	comment	comment	NOUN
cblr-2937	200	9	:	:	PUNCT
cblr-2937	200	10	default	default	NOUN
cblr-2937	200	11	&	&	CCONJ
cblr-2937	200	12	loss	loss	NOUN
cblr-2937	200	13	rates	rate	NOUN
cblr-2937	200	14	of	of	ADP
cblr-2937	200	15	structured	structured	ADJ
cblr-2937	200	16	finance	finance	NOUN
cblr-2937	200	17	securities	security	NOUN
cblr-2937	200	18	:	:	PUNCT
cblr-2937	200	19	1993	1993	NUM
cblr-2937	200	20	-	-	SYM
cblr-2937	200	21	2007	2007	NUM
cblr-2937	200	22	,	,	PUNCT
cblr-2937	200	23	july	july	PROPN
cblr-2937	200	24	2008	2008	NUM
cblr-2937	200	25	,	,	PUNCT
cblr-2937	200	26	at	at	ADP
cblr-2937	200	27	3	3	NUM
cblr-2937	200	28	n.4	n.4	NOUN
cblr-2937	200	29	(	(	PUNCT
cblr-2937	200	30	"	"	PUNCT
cblr-2937	200	31	securities	security	NOUN
cblr-2937	200	32	that	that	PRON
cblr-2937	200	33	have	have	AUX
cblr-2937	200	34	been	be	AUX
cblr-2937	200	35	downgraded	downgrade	VERB
cblr-2937	200	36	to	to	ADP
cblr-2937	200	37	ca	can	AUX
cblr-2937	200	38	/	/	SYM
cblr-2937	200	39	c	c	NOUN
cblr-2937	200	40	are	be	AUX
cblr-2937	200	41	virtually	virtually	ADV
cblr-2937	200	42	certain	certain	ADJ
cblr-2937	200	43	to	to	PART
cblr-2937	200	44	sustain	sustain	VERB
cblr-2937	200	45	losses	loss	NOUN
cblr-2937	200	46	ultimately	ultimately	ADV
cblr-2937	200	47	.	.	PUNCT
cblr-2937	201	1	"	"	PUNCT
cblr-2937	201	2	)	)	PUNCT
cblr-2937	201	3	;	;	PUNCT
cblr-2937	201	4	cdo	cdo	PROPN
cblr-2937	201	5	defaults	default	NOUN
cblr-2937	201	6	driven	drive	VERB
cblr-2937	201	7	by	by	ADP
cblr-2937	201	8	ratings	rating	NOUN
cblr-2937	201	9	,	,	PUNCT
cblr-2937	201	10	not	not	PART
cblr-2937	201	11	missed	miss	VERB
cblr-2937	201	12	payments	payment	NOUN
cblr-2937	201	13	,	,	PUNCT
cblr-2937	201	14	derivatives	derivative	NOUN
cblr-2937	201	15	week	week	NOUN
cblr-2937	201	16	,	,	PUNCT
cblr-2937	201	17	may	may	AUX
cblr-2937	201	18	26	26	NUM
cblr-2937	201	19	,	,	PUNCT
cblr-2937	201	20	2008	2008	NUM
cblr-2937	201	21	(	(	PUNCT
cblr-2937	201	22	noting	note	VERB
cblr-2937	201	23	that	that	SCONJ
cblr-2937	201	24	although	although	SCONJ
cblr-2937	201	25	"	"	PUNCT
cblr-2937	201	26	very	very	ADV
cblr-2937	201	27	few	few	ADJ
cblr-2937	201	28	if	if	SCONJ
cblr-2937	201	29	any	any	PRON
cblr-2937	201	30	"	"	PUNCT
cblr-2937	201	31	of	of	ADP
cblr-2937	201	32	200	200	NUM
cblr-2937	201	33	cdo	cdo	NOUN
cblr-2937	201	34	defaults	default	NOUN
cblr-2937	201	35	to	to	ADP
cblr-2937	201	36	date	date	NOUN
cblr-2937	201	37	were	be	AUX
cblr-2937	201	38	due	due	ADJ
cblr-2937	201	39	to	to	ADP
cblr-2937	201	40	missing	missing	ADJ
cblr-2937	201	41	payments	payment	NOUN
cblr-2937	201	42	,	,	PUNCT
cblr-2937	201	43	cash	cash	NOUN
cblr-2937	201	44	-	-	PUNCT
cblr-2937	201	45	flow	flow	NOUN
cblr-2937	201	46	-	-	PUNCT
cblr-2937	201	47	based	base	VERB
cblr-2937	201	48	defaults	default	NOUN
cblr-2937	201	49	were	be	AUX
cblr-2937	201	50	expected	expect	VERB
cblr-2937	201	51	later	later	ADV
cblr-2937	201	52	in	in	ADP
cblr-2937	201	53	the	the	DET
cblr-2937	201	54	year	year	NOUN
cblr-2937	201	55	)	)	PUNCT
cblr-2937	201	56	.	.	PUNCT
cblr-2937	202	1	by	by	ADP
cblr-2937	202	2	early	early	ADJ
cblr-2937	202	3	june	june	PROPN
cblr-2937	202	4	,	,	PUNCT
cblr-2937	202	5	when	when	SCONJ
cblr-2937	202	6	195	195	NUM
cblr-2937	202	7	cdos	cdo	NOUN
cblr-2937	202	8	with	with	ADP
cblr-2937	202	9	$	$	SYM
cblr-2937	202	10	202	202	NUM
cblr-2937	202	11	billion	billion	NUM
cblr-2937	202	12	in	in	ADP
cblr-2937	202	13	aggregate	aggregate	ADJ
cblr-2937	202	14	nominal	nominal	ADJ
cblr-2937	202	15	value	value	NOUN
cblr-2937	202	16	had	have	AUX
cblr-2937	202	17	defaulted	default	VERB
cblr-2937	202	18	,	,	PUNCT
cblr-2937	202	19	it	it	PRON
cblr-2937	202	20	was	be	AUX
cblr-2937	202	21	reported	report	VERB
cblr-2937	202	22	that	that	SCONJ
cblr-2937	202	23	"	"	PUNCT
cblr-2937	202	24	a	a	DET
cblr-2937	202	25	few	few	ADJ
cblr-2937	202	26	"	"	PUNCT
cblr-2937	202	27	cdos	cdo	NOUN
cblr-2937	202	28	had	have	AUX
cblr-2937	202	29	defaulted	default	VERB
cblr-2937	202	30	due	due	ADJ
cblr-2937	202	31	to	to	ADP
cblr-2937	202	32	missed	miss	VERB
cblr-2937	202	33	payments	payment	NOUN
cblr-2937	202	34	.	.	PUNCT
cblr-2937	203	1	aaron	aaron	PROPN
cblr-2937	203	2	johnson	johnson	PROPN
cblr-2937	203	3	,	,	PUNCT
cblr-2937	203	4	managers	managers	PROPN
cblr-2937	203	5	uob	uob	PROPN
cblr-2937	203	6	,	,	PUNCT
cblr-2937	203	7	babson	babson	PROPN
cblr-2937	203	8	,	,	PUNCT
cblr-2937	203	9	rbs	rbs	PROPN
cblr-2937	203	10	see	see	VERB
cblr-2937	203	11	first	first	ADJ
cblr-2937	203	12	cdos	cdo	NOUN
cblr-2937	203	13	default	default	NOUN
cblr-2937	203	14	,	,	PUNCT
cblr-2937	203	15	total	total	ADJ
cblr-2937	203	16	securitization	securitization	NOUN
cblr-2937	203	17	,	,	PUNCT
cblr-2937	203	18	june	june	PROPN
cblr-2937	203	19	1	1	NUM
cblr-2937	203	20	,	,	PUNCT
cblr-2937	203	21	2008	2008	NUM
cblr-2937	203	22	.	.	PUNCT
cblr-2937	203	23	'	'	PUNCT
cblr-2937	204	1	see	see	VERB
cblr-2937	204	2	paul	paul	PROPN
cblr-2937	204	3	j.	j.	PROPN
cblr-2937	204	4	davies	davies	PROPN
cblr-2937	204	5	&	&	CCONJ
cblr-2937	204	6	sarah	sarah	PROPN
cblr-2937	204	7	o'connor	o'connor	PROPN
cblr-2937	204	8	,	,	PUNCT
cblr-2937	204	9	default	default	NOUN
cblr-2937	204	10	protection	protection	NOUN
cblr-2937	204	11	puts	put	VERB
cblr-2937	204	12	cpdos	cpdo	NOUN
cblr-2937	204	13	at	at	ADP
cblr-2937	204	14	risk	risk	NOUN
cblr-2937	204	15	,	,	PUNCT
cblr-2937	204	16	fin	fin	NOUN
cblr-2937	204	17	.	.	PUNCT
cblr-2937	204	18	times	times	PROPN
cblr-2937	204	19	,	,	PUNCT
cblr-2937	204	20	feb	feb	PROPN
cblr-2937	204	21	.	.	PROPN
cblr-2937	204	22	19	19	NUM
cblr-2937	204	23	,	,	PUNCT
cblr-2937	204	24	2008	2008	NUM
cblr-2937	204	25	,	,	PUNCT
cblr-2937	204	26	at	at	ADP
cblr-2937	204	27	27	27	NUM
cblr-2937	204	28	.	.	PUNCT
cblr-2937	205	1	no	no	INTJ
cblr-2937	205	2	.	.	NOUN
cblr-2937	206	1	1	1	NUM
cblr-2937	206	2	:	:	SYM
cblr-2937	206	3	109	109	NUM
cblr-2937	206	4	]	]	PUNCT
cblr-2937	206	5	credit	credit	NOUN
cblr-2937	206	6	ra	ra	PROPN
cblr-2937	206	7	ting	ting	PROPN
cblr-2937	206	8	agencies	agencies	PROPN
cblr-2937	206	9	columbia	columbia	PROPN
cblr-2937	206	10	business	business	PROPN
cblr-2937	206	11	la	la	PROPN
cblr-2937	206	12	w	w	PROPN
cblr-2937	206	13	review	review	NOUN
cblr-2937	206	14	about	about	ADP
cblr-2937	206	15	half	half	DET
cblr-2937	206	16	the	the	DET
cblr-2937	206	17	total	total	ADJ
cblr-2937	206	18	number	number	NOUN
cblr-2937	206	19	it	it	PRON
cblr-2937	206	20	had	have	AUX
cblr-2937	206	21	rated	rate	VERB
cblr-2937	206	22	.	.	PUNCT
cblr-2937	206	23	"	"	PUNCT
cblr-2937	207	1	at	at	ADP
cblr-2937	207	2	least	least	ADJ
cblr-2937	207	3	some	some	PRON
cblr-2937	207	4	of	of	ADP
cblr-2937	207	5	the	the	DET
cblr-2937	207	6	cpdo	cpdo	NOUN
cblr-2937	207	7	downgrades	downgrade	NOUN
cblr-2937	207	8	apparently	apparently	ADV
cblr-2937	207	9	reflected	reflect	VERB
cblr-2937	207	10	a	a	DET
cblr-2937	207	11	coding	code	VERB
cblr-2937	207	12	error	error	NOUN
cblr-2937	207	13	in	in	ADP
cblr-2937	207	14	moody	moody	PROPN
cblr-2937	207	15	's	's	PART
cblr-2937	207	16	software	software	NOUN
cblr-2937	207	17	that	that	SCONJ
cblr-2937	207	18	the	the	DET
cblr-2937	207	19	company	company	NOUN
cblr-2937	207	20	did	do	AUX
cblr-2937	207	21	not	not	PART
cblr-2937	207	22	correct	correct	VERB
cblr-2937	207	23	for	for	ADP
cblr-2937	207	24	several	several	ADJ
cblr-2937	207	25	months.4	months.4	NOUN
cblr-2937	207	26	"	"	PUNCT
cblr-2937	207	27	problems	problem	NOUN
cblr-2937	207	28	with	with	ADP
cblr-2937	207	29	agency	agency	NOUN
cblr-2937	207	30	models	model	NOUN
cblr-2937	207	31	may	may	AUX
cblr-2937	207	32	have	have	AUX
cblr-2937	207	33	been	be	AUX
cblr-2937	207	34	amplified	amplify	VERB
cblr-2937	207	35	by	by	ADP
cblr-2937	207	36	ratings	rating	NOUN
cblr-2937	207	37	-	-	PUNCT
cblr-2937	207	38	driven	drive	VERB
cblr-2937	207	39	herding	herding	NOUN
cblr-2937	207	40	behavior	behavior	NOUN
cblr-2937	207	41	among	among	ADP
cblr-2937	207	42	cdo	cdo	ADJ
cblr-2937	207	43	arrangers	arranger	NOUN
cblr-2937	207	44	:	:	PUNCT
cblr-2937	207	45	once	once	SCONJ
cblr-2937	207	46	an	an	DET
cblr-2937	207	47	arranger	arranger	NOUN
cblr-2937	207	48	devised	devise	VERB
cblr-2937	207	49	a	a	DET
cblr-2937	207	50	structure	structure	NOUN
cblr-2937	207	51	that	that	PRON
cblr-2937	207	52	received	receive	VERB
cblr-2937	207	53	the	the	DET
cblr-2937	207	54	desired	desire	VERB
cblr-2937	207	55	ratings	rating	NOUN
cblr-2937	207	56	,	,	PUNCT
cblr-2937	207	57	others	other	NOUN
cblr-2937	207	58	may	may	AUX
cblr-2937	207	59	have	have	AUX
cblr-2937	207	60	followed	follow	VERB
cblr-2937	207	61	,	,	PUNCT
cblr-2937	207	62	so	so	SCONJ
cblr-2937	207	63	that	that	SCONJ
cblr-2937	207	64	any	any	DET
cblr-2937	207	65	deficiencies	deficiency	NOUN
cblr-2937	207	66	in	in	ADP
cblr-2937	207	67	the	the	DET
cblr-2937	207	68	rating	rating	NOUN
cblr-2937	207	69	agency	agency	NOUN
cblr-2937	207	70	methodology	methodology	NOUN
cblr-2937	207	71	were	be	AUX
cblr-2937	207	72	able	able	ADJ
cblr-2937	207	73	to	to	PART
cblr-2937	207	74	spread.49	spread.49	VERB
cblr-2937	207	75	if	if	SCONJ
cblr-2937	207	76	agency	agency	NOUN
cblr-2937	207	77	models	model	NOUN
cblr-2937	207	78	were	be	AUX
cblr-2937	207	79	deficient	deficient	ADJ
cblr-2937	207	80	across	across	ADP
cblr-2937	207	81	the	the	DET
cblr-2937	207	82	board	board	NOUN
cblr-2937	207	83	,	,	PUNCT
cblr-2937	207	84	as	as	SCONJ
cblr-2937	207	85	these	these	DET
cblr-2937	207	86	commentators	commentator	NOUN
cblr-2937	207	87	suggest	suggest	VERB
cblr-2937	207	88	,	,	PUNCT
cblr-2937	207	89	then	then	ADV
cblr-2937	207	90	agencies	agency	NOUN
cblr-2937	207	91	did	do	AUX
cblr-2937	207	92	not	not	PART
cblr-2937	207	93	just	just	ADV
cblr-2937	207	94	fail	fail	VERB
cblr-2937	207	95	to	to	PART
cblr-2937	207	96	anticipate	anticipate	VERB
cblr-2937	207	97	the	the	DET
cblr-2937	207	98	performance	performance	NOUN
cblr-2937	207	99	of	of	ADP
cblr-2937	207	100	subprime	subprime	ADJ
cblr-2937	207	101	loans	loan	NOUN
cblr-2937	207	102	or	or	CCONJ
cblr-2937	207	103	get	get	AUX
cblr-2937	207	104	taken	take	VERB
cblr-2937	207	105	in	in	ADP
cblr-2937	207	106	by	by	ADP
cblr-2937	207	107	fraud	fraud	NOUN
cblr-2937	207	108	on	on	ADP
cblr-2937	207	109	the	the	DET
cblr-2937	207	110	part	part	NOUN
cblr-2937	207	111	of	of	ADP
cblr-2937	207	112	subprime	subprime	ADJ
cblr-2937	207	113	borrowers	borrower	NOUN
cblr-2937	207	114	and	and	CCONJ
cblr-2937	207	115	originators	originator	NOUN
cblr-2937	207	116	.	.	PUNCT
cblr-2937	208	1	instead	instead	ADV
cblr-2937	208	2	,	,	PUNCT
cblr-2937	208	3	agencies	agency	NOUN
cblr-2937	208	4	did	do	AUX
cblr-2937	208	5	not	not	PART
cblr-2937	208	6	know	know	VERB
cblr-2937	208	7	what	what	PRON
cblr-2937	208	8	they	they	PRON
cblr-2937	208	9	were	be	AUX
cblr-2937	208	10	doing	do	VERB
cblr-2937	208	11	on	on	ADP
cblr-2937	208	12	a	a	DET
cblr-2937	208	13	fundamental	fundamental	ADJ
cblr-2937	208	14	level	level	NOUN
cblr-2937	208	15	,	,	PUNCT
cblr-2937	208	16	at	at	ADP
cblr-2937	208	17	least	least	ADJ
cblr-2937	208	18	with	with	ADP
cblr-2937	208	19	respect	respect	NOUN
cblr-2937	208	20	to	to	ADP
cblr-2937	208	21	some	some	DET
cblr-2937	208	22	(	(	PUNCT
cblr-2937	208	23	but	but	CCONJ
cblr-2937	208	24	not	not	PART
cblr-2937	208	25	necessarily	necessarily	ADV
cblr-2937	208	26	all	all	PRON
cblr-2937	208	27	)	)	PUNCT
cblr-2937	208	28	novel	novel	ADJ
cblr-2937	208	29	securities	security	NOUN
cblr-2937	208	30	.	.	PUNCT
cblr-2937	209	1	without	without	ADP
cblr-2937	209	2	endorsing	endorse	VERB
cblr-2937	209	3	this	this	DET
cblr-2937	209	4	view	view	NOUN
cblr-2937	209	5	-	-	PUNCT
cblr-2937	209	6	examining	examining	NOUN
cblr-2937	209	7	that	that	DET
cblr-2937	209	8	question	question	NOUN
cblr-2937	209	9	seriously	seriously	ADV
cblr-2937	209	10	would	would	AUX
cblr-2937	209	11	require	require	VERB
cblr-2937	209	12	an	an	DET
cblr-2937	209	13	article	article	NOUN
cblr-2937	209	14	in	in	ADP
cblr-2937	209	15	itself	itself	PRON
cblr-2937	209	16	,	,	PUNCT
cblr-2937	209	17	even	even	ADV
cblr-2937	209	18	if	if	SCONJ
cblr-2937	209	19	the	the	DET
cblr-2937	209	20	right	right	ADJ
cblr-2937	209	21	data	datum	NOUN
cblr-2937	209	22	were	be	AUX
cblr-2937	209	23	available	available	ADJ
cblr-2937	209	24	-	-	PUNCT
cblr-2937	209	25	this	this	DET
cblr-2937	209	26	article	article	NOUN
cblr-2937	209	27	argues	argue	VERB
cblr-2937	209	28	that	that	SCONJ
cblr-2937	209	29	if	if	SCONJ
cblr-2937	209	30	rating	rating	NOUN
cblr-2937	209	31	agencies	agency	NOUN
cblr-2937	209	32	do	do	AUX
cblr-2937	209	33	not	not	PART
cblr-2937	209	34	know	know	VERB
cblr-2937	209	35	what	what	PRON
cblr-2937	209	36	they	they	PRON
cblr-2937	209	37	are	be	AUX
cblr-2937	209	38	doing	do	VERB
cblr-2937	209	39	,	,	PUNCT
cblr-2937	209	40	they	they	PRON
cblr-2937	209	41	are	be	AUX
cblr-2937	209	42	likely	likely	ADJ
cblr-2937	209	43	to	to	PART
cblr-2937	209	44	find	find	VERB
cblr-2937	209	45	it	it	PRON
cblr-2937	209	46	to	to	PART
cblr-2937	209	47	be	be	AUX
cblr-2937	209	48	in	in	ADP
cblr-2937	209	49	their	their	PRON
cblr-2937	209	50	interest	interest	NOUN
cblr-2937	209	51	to	to	PART
cblr-2937	209	52	issue	issue	VERB
cblr-2937	209	53	ratings	rating	NOUN
cblr-2937	209	54	on	on	ADP
cblr-2937	209	55	novel	novel	ADJ
cblr-2937	209	56	products	product	NOUN
cblr-2937	209	57	anyway	anyway	ADV
cblr-2937	209	58	.	.	PUNCT
cblr-2937	210	1	d.	d.	PROPN
cblr-2937	210	2	regulatory	regulatory	ADJ
cblr-2937	210	3	initiatives	initiative	NOUN
cblr-2937	210	4	regarding	regard	VERB
cblr-2937	210	5	rating	rating	NOUN
cblr-2937	210	6	agencies	agency	NOUN
cblr-2937	210	7	the	the	DET
cblr-2937	210	8	worldwide	worldwide	ADJ
cblr-2937	210	9	crisis	crisis	NOUN
cblr-2937	210	10	and	and	CCONJ
cblr-2937	210	11	the	the	DET
cblr-2937	210	12	perceived	perceive	VERB
cblr-2937	210	13	deficiencies	deficiency	NOUN
cblr-2937	210	14	in	in	ADP
cblr-2937	210	15	agency	agency	NOUN
cblr-2937	210	16	ratings	rating	NOUN
cblr-2937	210	17	on	on	ADP
cblr-2937	210	18	structured	structured	ADJ
cblr-2937	210	19	products	product	NOUN
cblr-2937	210	20	have	have	AUX
cblr-2937	210	21	spurred	spur	VERB
cblr-2937	210	22	a	a	DET
cblr-2937	210	23	flurry	flurry	NOUN
cblr-2937	210	24	of	of	ADP
cblr-2937	210	25	regulatory	regulatory	ADJ
cblr-2937	210	26	and	and	CCONJ
cblr-2937	210	27	legislative	legislative	ADJ
cblr-2937	210	28	activity	activity	NOUN
cblr-2937	210	29	,	,	PUNCT
cblr-2937	210	30	as	as	ADV
cblr-2937	210	31	well	well	ADV
cblr-2937	210	32	as	as	ADP
cblr-2937	210	33	litigation	litigation	NOUN
cblr-2937	210	34	.	.	PUNCT
cblr-2937	211	1	with	with	ADP
cblr-2937	211	2	some	some	DET
cblr-2937	211	3	irony	irony	NOUN
cblr-2937	211	4	,	,	PUNCT
cblr-2937	211	5	the	the	DET
cblr-2937	211	6	crisis	crisis	NOUN
cblr-2937	211	7	broke	break	VERB
cblr-2937	211	8	just	just	ADV
cblr-2937	211	9	as	as	SCONJ
cblr-2937	211	10	congress	congress	PROPN
cblr-2937	211	11	and	and	CCONJ
cblr-2937	211	12	the	the	DET
cblr-2937	211	13	sec	sec	PROPN
cblr-2937	211	14	finished	finish	VERB
cblr-2937	211	15	work	work	NOUN
cblr-2937	211	16	on	on	ADP
cblr-2937	211	17	a	a	DET
cblr-2937	211	18	new	new	ADJ
cblr-2937	211	19	regulatory	regulatory	ADJ
cblr-2937	211	20	regime	regime	NOUN
cblr-2937	211	21	for	for	ADP
cblr-2937	211	22	rating	rating	NOUN
cblr-2937	211	23	"	"	PUNCT
cblr-2937	211	24	aaron	aaron	PROPN
cblr-2937	211	25	lucchetti	lucchetti	PROPN
cblr-2937	211	26	&	&	CCONJ
cblr-2937	211	27	kara	kara	PROPN
cblr-2937	211	28	scannell	scannell	PROPN
cblr-2937	211	29	,	,	PUNCT
cblr-2937	211	30	new	new	ADJ
cblr-2937	211	31	debt	debt	NOUN
cblr-2937	211	32	products	product	NOUN
cblr-2937	211	33	test	test	VERB
cblr-2937	211	34	moody	moody	PROPN
cblr-2937	211	35	's	's	PART
cblr-2937	211	36	methods	method	NOUN
cblr-2937	211	37	,	,	PUNCT
cblr-2937	211	38	wall	wall	PROPN
cblr-2937	211	39	st	st	PROPN
cblr-2937	211	40	.	.	PROPN
cblr-2937	211	41	j.	j.	PROPN
cblr-2937	211	42	,	,	PUNCT
cblr-2937	211	43	may	may	AUX
cblr-2937	211	44	22	22	NUM
cblr-2937	211	45	,	,	PUNCT
cblr-2937	211	46	2008	2008	NUM
cblr-2937	211	47	,	,	PUNCT
cblr-2937	211	48	at	at	ADP
cblr-2937	211	49	c12	c12	PROPN
cblr-2937	211	50	.	.	PUNCT
cblr-2937	211	51	48	48	NUM
cblr-2937	211	52	in	in	ADP
cblr-2937	211	53	early	early	ADJ
cblr-2937	211	54	2007	2007	NUM
cblr-2937	211	55	,	,	PUNCT
cblr-2937	211	56	moody	moody	PROPN
cblr-2937	211	57	's	's	PART
cblr-2937	211	58	reportedly	reportedly	ADV
cblr-2937	211	59	discovered	discover	VERB
cblr-2937	211	60	that	that	SCONJ
cblr-2937	211	61	it	it	PRON
cblr-2937	211	62	had	have	AUX
cblr-2937	211	63	erroneously	erroneously	ADV
cblr-2937	211	64	rated	rate	VERB
cblr-2937	211	65	several	several	ADJ
cblr-2937	211	66	billion	billion	NUM
cblr-2937	211	67	dollars	dollar	NOUN
cblr-2937	211	68	worth	worth	ADJ
cblr-2937	211	69	of	of	ADP
cblr-2937	211	70	cpdos	cpdo	NOUN
cblr-2937	211	71	at	at	ADP
cblr-2937	211	72	the	the	DET
cblr-2937	211	73	aaa	aaa	NOUN
cblr-2937	211	74	level	level	NOUN
cblr-2937	211	75	as	as	ADP
cblr-2937	211	76	a	a	DET
cblr-2937	211	77	result	result	NOUN
cblr-2937	211	78	of	of	ADP
cblr-2937	211	79	a	a	DET
cblr-2937	211	80	coding	code	VERB
cblr-2937	211	81	error	error	NOUN
cblr-2937	211	82	affecting	affect	VERB
cblr-2937	211	83	data	datum	NOUN
cblr-2937	211	84	integrity	integrity	NOUN
cblr-2937	211	85	.	.	PUNCT
cblr-2937	212	1	sam	sam	PROPN
cblr-2937	212	2	jones	jones	PROPN
cblr-2937	212	3	,	,	PUNCT
cblr-2937	212	4	gillian	gillian	PROPN
cblr-2937	212	5	tett	tett	PROPN
cblr-2937	212	6	&	&	CCONJ
cblr-2937	212	7	paul	paul	PROPN
cblr-2937	212	8	j.	j.	PROPN
cblr-2937	212	9	davies	davies	PROPN
cblr-2937	212	10	,	,	PUNCT
cblr-2937	212	11	moody	moody	PROPN
cblr-2937	212	12	's	's	PART
cblr-2937	212	13	error	error	NOUN
cblr-2937	212	14	gave	give	VERB
cblr-2937	212	15	top	top	ADJ
cblr-2937	212	16	ratings	rating	NOUN
cblr-2937	212	17	to	to	ADP
cblr-2937	212	18	debt	debt	NOUN
cblr-2937	212	19	products	product	NOUN
cblr-2937	212	20	,	,	PUNCT
cblr-2937	212	21	fin	fin	NOUN
cblr-2937	212	22	.	.	PUNCT
cblr-2937	213	1	times	times	PROPN
cblr-2937	213	2	,	,	PUNCT
cblr-2937	213	3	may	may	AUX
cblr-2937	213	4	20	20	NUM
cblr-2937	213	5	,	,	PUNCT
cblr-2937	213	6	2008	2008	NUM
cblr-2937	213	7	;	;	PUNCT
cblr-2937	213	8	aaron	aaron	PROPN
cblr-2937	213	9	lucchetti	lucchetti	PROPN
cblr-2937	213	10	,	,	PUNCT
cblr-2937	213	11	moody	moody	PROPN
cblr-2937	213	12	's	's	PART
cblr-2937	213	13	loses	lose	VERB
cblr-2937	213	14	a	a	DET
cblr-2937	213	15	key	key	ADJ
cblr-2937	213	16	player	player	NOUN
cblr-2937	213	17	amid	amid	ADP
cblr-2937	213	18	probe	probe	NOUN
cblr-2937	213	19	about	about	ADP
cblr-2937	213	20	error	error	NOUN
cblr-2937	213	21	,	,	PUNCT
cblr-2937	213	22	wall	wall	PROPN
cblr-2937	213	23	st	st	PROPN
cblr-2937	213	24	.	.	PROPN
cblr-2937	213	25	j.	j.	PROPN
cblr-2937	213	26	,	,	PUNCT
cblr-2937	213	27	july	july	PROPN
cblr-2937	213	28	2	2	NUM
cblr-2937	213	29	,	,	PUNCT
cblr-2937	213	30	2008	2008	NUM
cblr-2937	213	31	,	,	PUNCT
cblr-2937	213	32	at	at	ADP
cblr-2937	213	33	c1	c1	PROPN
cblr-2937	213	34	.	.	PUNCT
cblr-2937	214	1	in	in	ADP
cblr-2937	214	2	mid-2008	mid-2008	NOUN
cblr-2937	214	3	,	,	PUNCT
cblr-2937	214	4	the	the	DET
cblr-2937	214	5	sec	sec	PROPN
cblr-2937	214	6	staff	staff	NOUN
cblr-2937	214	7	started	start	VERB
cblr-2937	214	8	a	a	DET
cblr-2937	214	9	review	review	NOUN
cblr-2937	214	10	of	of	ADP
cblr-2937	214	11	cpdo	cpdo	NOUN
cblr-2937	214	12	rating	rating	NOUN
cblr-2937	214	13	methodologies	methodology	NOUN
cblr-2937	214	14	.	.	PUNCT
cblr-2937	215	1	2008	2008	NUM
cblr-2937	215	2	sec	sec	PROPN
cblr-2937	215	3	nrsro	nrsro	ADJ
cblr-2937	215	4	report	report	NOUN
cblr-2937	215	5	,	,	PUNCT
cblr-2937	215	6	supra	supra	PROPN
cblr-2937	215	7	note	note	NOUN
cblr-2937	215	8	4	4	NUM
cblr-2937	215	9	,	,	PUNCT
cblr-2937	215	10	at	at	ADP
cblr-2937	215	11	34	34	NUM
cblr-2937	215	12	.	.	NOUN
cblr-2937	215	13	49	49	NUM
cblr-2937	215	14	bethel	bethel	PROPN
cblr-2937	215	15	et	et	PROPN
cblr-2937	215	16	al	al	PROPN
cblr-2937	215	17	.	.	PROPN
cblr-2937	215	18	,	,	PUNCT
cblr-2937	215	19	supra	supra	PROPN
cblr-2937	215	20	note	note	PROPN
cblr-2937	215	21	26	26	NUM
cblr-2937	215	22	,	,	PUNCT
cblr-2937	215	23	at	at	ADP
cblr-2937	215	24	27	27	NUM
cblr-2937	215	25	-	-	SYM
cblr-2937	215	26	28	28	NUM
cblr-2937	215	27	.	.	PUNCT
cblr-2937	216	1	(	(	PUNCT
cblr-2937	216	2	vol	vol	NOUN
cblr-2937	216	3	.	.	NOUN
cblr-2937	216	4	2009	2009	NUM
cblr-2937	216	5	credit	credit	NOUN
cblr-2937	216	6	rating	rating	NOUN
cblr-2937	216	7	agencies	agency	NOUN
cblr-2937	216	8	agencies	agency	NOUN
cblr-2937	216	9	that	that	PRON
cblr-2937	216	10	was	be	AUX
cblr-2937	216	11	supposed	suppose	VERB
cblr-2937	216	12	to	to	PART
cblr-2937	216	13	address	address	VERB
cblr-2937	216	14	the	the	DET
cblr-2937	216	15	problems	problem	NOUN
cblr-2937	216	16	allegedly	allegedly	ADV
cblr-2937	216	17	laid	lay	VERB
cblr-2937	216	18	bare	bare	ADJ
cblr-2937	216	19	by	by	ADP
cblr-2937	216	20	the	the	DET
cblr-2937	216	21	corporate	corporate	ADJ
cblr-2937	216	22	scandals	scandal	NOUN
cblr-2937	216	23	of	of	ADP
cblr-2937	216	24	2001	2001	NUM
cblr-2937	216	25	-	-	SYM
cblr-2937	216	26	2002	2002	NUM
cblr-2937	216	27	.	.	PUNCT
cblr-2937	217	1	the	the	DET
cblr-2937	217	2	sarbanes	sarbanes	PROPN
cblr-2937	217	3	-	-	PUNCT
cblr-2937	217	4	oxley	oxley	ADJ
cblr-2937	217	5	act	act	NOUN
cblr-2937	217	6	of	of	ADP
cblr-2937	217	7	2002	2002	NUM
cblr-2937	217	8	ordered	order	VERB
cblr-2937	217	9	the	the	DET
cblr-2937	217	10	sec	sec	PROPN
cblr-2937	217	11	to	to	PART
cblr-2937	217	12	hold	hold	VERB
cblr-2937	217	13	hearings	hearing	NOUN
cblr-2937	217	14	on	on	ADP
cblr-2937	217	15	rating	rating	NOUN
cblr-2937	217	16	-	-	PUNCT
cblr-2937	217	17	agency	agency	NOUN
cblr-2937	217	18	performance	performance	NOUN
cblr-2937	217	19	,	,	PUNCT
cblr-2937	217	20	and	and	CCONJ
cblr-2937	217	21	the	the	DET
cblr-2937	217	22	commission	commission	NOUN
cblr-2937	217	23	issued	issue	VERB
cblr-2937	217	24	a	a	DET
cblr-2937	217	25	report	report	NOUN
cblr-2937	217	26	in	in	ADP
cblr-2937	217	27	2003	2003	NUM
cblr-2937	217	28	raising	raise	VERB
cblr-2937	217	29	questions	question	NOUN
cblr-2937	217	30	in	in	ADP
cblr-2937	217	31	several	several	ADJ
cblr-2937	217	32	areas	area	NOUN
cblr-2937	217	33	about	about	ADP
cblr-2937	217	34	this	this	DET
cblr-2937	217	35	subject	subject	NOUN
cblr-2937	217	36	.	.	PUNCT
cblr-2937	217	37	"	"	PUNCT
cblr-2937	218	1	after	after	ADP
cblr-2937	218	2	several	several	ADJ
cblr-2937	218	3	sets	set	NOUN
cblr-2937	218	4	of	of	ADP
cblr-2937	218	5	hearings	hearing	NOUN
cblr-2937	218	6	and	and	CCONJ
cblr-2937	218	7	an	an	DET
cblr-2937	218	8	sec	sec	PROPN
cblr-2937	218	9	initiative	initiative	NOUN
cblr-2937	218	10	to	to	PART
cblr-2937	218	11	revamp	revamp	VERB
cblr-2937	218	12	its	its	PRON
cblr-2937	218	13	rules	rule	NOUN
cblr-2937	218	14	that	that	PRON
cblr-2937	218	15	stalled	stall	VERB
cblr-2937	218	16	in	in	ADP
cblr-2937	218	17	2005	2005	NUM
cblr-2937	218	18	,	,	PUNCT
cblr-2937	218	19	congress	congress	PROPN
cblr-2937	218	20	enacted	enact	VERB
cblr-2937	218	21	the	the	DET
cblr-2937	218	22	credit	credit	NOUN
cblr-2937	218	23	rating	rating	NOUN
cblr-2937	218	24	agency	agency	NOUN
cblr-2937	218	25	reform	reform	PROPN
cblr-2937	218	26	act	act	PROPN
cblr-2937	218	27	(	(	PUNCT
cblr-2937	218	28	"	"	PUNCT
cblr-2937	218	29	2006	2006	NUM
cblr-2937	218	30	act	act	NOUN
cblr-2937	218	31	"	"	PUNCT
cblr-2937	218	32	)	)	PUNCT
cblr-2937	218	33	in	in	ADP
cblr-2937	218	34	2006.51	2006.51	NUM
cblr-2937	218	35	the	the	DET
cblr-2937	218	36	2006	2006	NUM
cblr-2937	218	37	act	act	NOUN
cblr-2937	218	38	gave	give	VERB
cblr-2937	218	39	the	the	DET
cblr-2937	218	40	sec	sec	PROPN
cblr-2937	218	41	express	express	ADJ
cblr-2937	218	42	regulatory	regulatory	ADJ
cblr-2937	218	43	authority	authority	NOUN
cblr-2937	218	44	over	over	ADP
cblr-2937	218	45	rating	rating	NOUN
cblr-2937	218	46	agencies	agency	NOUN
cblr-2937	218	47	in	in	ADP
cblr-2937	218	48	several	several	ADJ
cblr-2937	218	49	areas	area	NOUN
cblr-2937	218	50	,	,	PUNCT
cblr-2937	218	51	but	but	CCONJ
cblr-2937	218	52	also	also	ADV
cblr-2937	218	53	sharply	sharply	ADV
cblr-2937	218	54	circumscribed	circumscribe	VERB
cblr-2937	218	55	its	its	PRON
cblr-2937	218	56	jurisdiction	jurisdiction	NOUN
cblr-2937	218	57	.	.	PUNCT
cblr-2937	219	1	for	for	ADP
cblr-2937	219	2	example	example	NOUN
cblr-2937	219	3	,	,	PUNCT
cblr-2937	219	4	the	the	DET
cblr-2937	219	5	2006	2006	NUM
cblr-2937	219	6	act	act	NOUN
cblr-2937	219	7	affirmatively	affirmatively	ADV
cblr-2937	219	8	denies	deny	VERB
cblr-2937	219	9	the	the	DET
cblr-2937	219	10	sec	sec	PROPN
cblr-2937	219	11	and	and	CCONJ
cblr-2937	219	12	the	the	DET
cblr-2937	219	13	states	state	NOUN
cblr-2937	219	14	the	the	DET
cblr-2937	219	15	power	power	NOUN
cblr-2937	219	16	to	to	PART
cblr-2937	219	17	"	"	PUNCT
cblr-2937	219	18	regulate	regulate	VERB
cblr-2937	219	19	the	the	DET
cblr-2937	219	20	substance	substance	NOUN
cblr-2937	219	21	of	of	ADP
cblr-2937	219	22	credit	credit	NOUN
cblr-2937	219	23	ratings	rating	NOUN
cblr-2937	219	24	or	or	CCONJ
cblr-2937	219	25	the	the	DET
cblr-2937	219	26	procedures	procedure	NOUN
cblr-2937	219	27	and	and	CCONJ
cblr-2937	219	28	methodologies	methodology	NOUN
cblr-2937	219	29	by	by	ADP
cblr-2937	219	30	which	which	PRON
cblr-2937	219	31	any	any	PRON
cblr-2937	219	32	[	[	X
cblr-2937	219	33	nrsro	nrsro	X
cblr-2937	219	34	]	]	PUNCT
cblr-2937	219	35	determines	determine	VERB
cblr-2937	219	36	credit	credit	NOUN
cblr-2937	219	37	ratings	rating	NOUN
cblr-2937	219	38	.	.	PUNCT
cblr-2937	220	1	"52	"52	INTJ
cblr-2937	220	2	the	the	DET
cblr-2937	220	3	sec	sec	PROPN
cblr-2937	220	4	adopted	adopt	VERB
cblr-2937	220	5	rules	rule	NOUN
cblr-2937	220	6	under	under	ADP
cblr-2937	220	7	the	the	DET
cblr-2937	220	8	2006	2006	NUM
cblr-2937	220	9	act	act	NOUN
cblr-2937	220	10	in	in	ADP
cblr-2937	220	11	june	june	PROPN
cblr-2937	220	12	2007.53	2007.53	NUM
cblr-2937	220	13	a	a	DET
cblr-2937	220	14	month	month	NOUN
cblr-2937	220	15	later	later	ADV
cblr-2937	220	16	,	,	PUNCT
cblr-2937	220	17	the	the	DET
cblr-2937	220	18	worldwide	worldwide	ADJ
cblr-2937	220	19	credit	credit	NOUN
cblr-2937	220	20	crisis	crisis	NOUN
cblr-2937	220	21	broke	break	VERB
cblr-2937	220	22	,	,	PUNCT
cblr-2937	220	23	renewing	renew	VERB
cblr-2937	220	24	regulatory	regulatory	ADJ
cblr-2937	220	25	scrutiny	scrutiny	NOUN
cblr-2937	220	26	of	of	ADP
cblr-2937	220	27	rating	rating	NOUN
cblr-2937	220	28	agencies	agency	NOUN
cblr-2937	220	29	from	from	ADP
cblr-2937	220	30	several	several	ADJ
cblr-2937	220	31	quarters	quarter	NOUN
cblr-2937	220	32	.	.	PUNCT
cblr-2937	221	1	state	state	NOUN
cblr-2937	221	2	attorneys	attorney	NOUN
cblr-2937	221	3	general	general	ADJ
cblr-2937	221	4	in	in	ADP
cblr-2937	221	5	new	new	PROPN
cblr-2937	221	6	york	york	PROPN
cblr-2937	221	7	,	,	PUNCT
cblr-2937	221	8	connecticut	connecticut	PROPN
cblr-2937	221	9	,	,	PUNCT
cblr-2937	221	10	and	and	CCONJ
cblr-2937	221	11	ohio	ohio	PROPN
cblr-2937	221	12	commenced	commence	VERB
cblr-2937	221	13	investigations54	investigations54	NOUN
cblr-2937	221	14	(	(	PUNCT
cblr-2937	221	15	with	with	ADP
cblr-2937	221	16	the	the	DET
cblr-2937	221	17	new	new	PROPN
cblr-2937	221	18	york	york	PROPN
cblr-2937	221	19	50	50	NUM
cblr-2937	221	20	see	see	VERB
cblr-2937	221	21	u.s	u.s	PROPN
cblr-2937	221	22	.	.	PROPN
cblr-2937	221	23	sec	sec	PROPN
cblr-2937	221	24	.	.	PROPN
cblr-2937	221	25	&	&	CCONJ
cblr-2937	221	26	exch	exch	PROPN
cblr-2937	221	27	.	.	PUNCT
cblr-2937	222	1	comm'n	comm'n	PROPN
cblr-2937	222	2	.	.	PROPN
cblr-2937	222	3	,	,	PUNCT
cblr-2937	222	4	report	report	VERB
cblr-2937	222	5	on	on	ADP
cblr-2937	222	6	the	the	DET
cblr-2937	222	7	role	role	NOUN
cblr-2937	222	8	and	and	CCONJ
cblr-2937	222	9	function	function	NOUN
cblr-2937	222	10	of	of	ADP
cblr-2937	222	11	credit	credit	NOUN
cblr-2937	222	12	rating	rating	NOUN
cblr-2937	222	13	agencies	agency	NOUN
cblr-2937	222	14	in	in	ADP
cblr-2937	222	15	the	the	DET
cblr-2937	222	16	operation	operation	NOUN
cblr-2937	222	17	of	of	ADP
cblr-2937	222	18	the	the	DET
cblr-2937	222	19	securities	security	NOUN
cblr-2937	222	20	markets	market	NOUN
cblr-2937	222	21	as	as	SCONJ
cblr-2937	222	22	required	require	VERB
cblr-2937	222	23	by	by	ADP
cblr-2937	222	24	section	section	NOUN
cblr-2937	222	25	702(b	702(b	PROPN
cblr-2937	222	26	)	)	PUNCT
cblr-2937	222	27	of	of	ADP
cblr-2937	222	28	the	the	DET
cblr-2937	222	29	sarbanes	sarbanes	PROPN
cblr-2937	222	30	-	-	PUNCT
cblr-2937	222	31	oxley	oxley	ADJ
cblr-2937	222	32	act	act	NOUN
cblr-2937	222	33	of	of	ADP
cblr-2937	222	34	2002	2002	NUM
cblr-2937	222	35	(	(	PUNCT
cblr-2937	222	36	2003	2003	NUM
cblr-2937	222	37	)	)	PUNCT
cblr-2937	223	1	[	[	X
cblr-2937	223	2	hereinafter	hereinafter	NOUN
cblr-2937	223	3	sec	sec	PROPN
cblr-2937	223	4	sox	sox	PROPN
cblr-2937	223	5	report	report	NOUN
cblr-2937	223	6	]	]	PUNCT
cblr-2937	223	7	.	.	PUNCT
cblr-2937	223	8	"	"	PUNCT
cblr-2937	223	9	credit	credit	NOUN
cblr-2937	223	10	rating	rating	NOUN
cblr-2937	223	11	agency	agency	NOUN
cblr-2937	223	12	reform	reform	PROPN
cblr-2937	223	13	act	act	PROPN
cblr-2937	223	14	of	of	ADP
cblr-2937	223	15	2006	2006	NUM
cblr-2937	223	16	,	,	PUNCT
cblr-2937	223	17	15	15	NUM
cblr-2937	223	18	u.s.c	u.s.c	ADJ
cblr-2937	223	19	.	.	PUNCT
cblr-2937	224	1	§	§	PROPN
cblr-2937	224	2	78o-7	78o-7	PROPN
cblr-2937	224	3	(	(	PUNCT
cblr-2937	224	4	2008	2008	NUM
cblr-2937	224	5	)	)	PUNCT
cblr-2937	224	6	.	.	PUNCT
cblr-2937	225	1	52	52	NUM
cblr-2937	225	2	15	15	NUM
cblr-2937	225	3	u.s.c	u.s.c	NOUN
cblr-2937	225	4	.	.	PUNCT
cblr-2937	226	1	§	§	PROPN
cblr-2937	226	2	78o-7(c)(2	78o-7(c)(2	NOUN
cblr-2937	226	3	)	)	PUNCT
cblr-2937	226	4	.	.	PUNCT
cblr-2937	227	1	the	the	DET
cblr-2937	227	2	2006	2006	NUM
cblr-2937	227	3	act	act	NOUN
cblr-2937	227	4	also	also	ADV
cblr-2937	227	5	requires	require	VERB
cblr-2937	227	6	that	that	SCONJ
cblr-2937	227	7	all	all	DET
cblr-2937	227	8	sec	sec	PROPN
cblr-2937	227	9	rules	rule	NOUN
cblr-2937	227	10	adopted	adopt	VERB
cblr-2937	227	11	"	"	PUNCT
cblr-2937	227	12	pursuant	pursuant	ADJ
cblr-2937	227	13	to	to	ADP
cblr-2937	227	14	this	this	DET
cblr-2937	227	15	title	title	NOUN
cblr-2937	227	16	,	,	PUNCT
cblr-2937	227	17	as	as	SCONJ
cblr-2937	227	18	they	they	PRON
cblr-2937	227	19	apply	apply	VERB
cblr-2937	227	20	"	"	PUNCT
cblr-2937	227	21	to	to	ADP
cblr-2937	227	22	nrsros	nrsros	PROPN
cblr-2937	227	23	be	be	AUX
cblr-2937	227	24	"	"	PUNCT
cblr-2937	227	25	narrowly	narrowly	ADV
cblr-2937	227	26	tailored	tailor	VERB
cblr-2937	227	27	to	to	PART
cblr-2937	227	28	meet	meet	VERB
cblr-2937	227	29	the	the	DET
cblr-2937	227	30	requirements	requirement	NOUN
cblr-2937	227	31	of	of	ADP
cblr-2937	227	32	this	this	DET
cblr-2937	227	33	title	title	NOUN
cblr-2937	227	34	applicable	applicable	ADJ
cblr-2937	227	35	to	to	ADP
cblr-2937	227	36	"	"	PUNCT
cblr-2937	227	37	nrsros	nrsros	PROPN
cblr-2937	227	38	,	,	PUNCT
cblr-2937	227	39	i	i	PROPN
cblr-2937	227	40	d.	d.	PROPN
cblr-2937	227	41	,	,	PUNCT
cblr-2937	227	42	and	and	CCONJ
cblr-2937	227	43	"	"	PUNCT
cblr-2937	227	44	creates	create	VERB
cblr-2937	227	45	no	no	DET
cblr-2937	227	46	private	private	ADJ
cblr-2937	227	47	right	right	NOUN
cblr-2937	227	48	of	of	ADP
cblr-2937	227	49	action	action	NOUN
cblr-2937	227	50	.	.	PUNCT
cblr-2937	227	51	"	"	PUNCT
cblr-2937	228	1	§	§	PROPN
cblr-2937	228	2	78o-7(m)(2	78o-7(m)(2	NOUN
cblr-2937	228	3	)	)	PUNCT
cblr-2937	228	4	.	.	PUNCT
cblr-2937	229	1	the	the	DET
cblr-2937	229	2	2006	2006	NUM
cblr-2937	229	3	act	act	NOUN
cblr-2937	229	4	does	do	AUX
cblr-2937	229	5	contain	contain	VERB
cblr-2937	229	6	a	a	DET
cblr-2937	229	7	saving	saving	NOUN
cblr-2937	229	8	provision	provision	NOUN
cblr-2937	229	9	maintaining	maintain	VERB
cblr-2937	229	10	the	the	DET
cblr-2937	229	11	authority	authority	NOUN
cblr-2937	229	12	of	of	ADP
cblr-2937	229	13	state	state	NOUN
cblr-2937	229	14	securities	security	NOUN
cblr-2937	229	15	commissions	commission	NOUN
cblr-2937	229	16	to	to	PART
cblr-2937	229	17	bring	bring	VERB
cblr-2937	229	18	actions	action	NOUN
cblr-2937	229	19	for	for	ADP
cblr-2937	229	20	"	"	PUNCT
cblr-2937	229	21	fraud	fraud	NOUN
cblr-2937	229	22	or	or	CCONJ
cblr-2937	229	23	deceit	deceit	NOUN
cblr-2937	229	24	"	"	PUNCT
cblr-2937	229	25	against	against	ADP
cblr-2937	229	26	rating	rating	NOUN
cblr-2937	229	27	agencies	agency	NOUN
cblr-2937	229	28	and	and	CCONJ
cblr-2937	229	29	their	their	PRON
cblr-2937	229	30	personnel	personnel	NOUN
cblr-2937	229	31	.	.	PUNCT
cblr-2937	230	1	§	§	PROPN
cblr-2937	230	2	78o-7(o)(2	78o-7(o)(2	NOUN
cblr-2937	230	3	)	)	PUNCT
cblr-2937	230	4	.	.	PUNCT
cblr-2937	231	1	in	in	ADP
cblr-2937	231	2	recent	recent	ADJ
cblr-2937	231	3	congressional	congressional	ADJ
cblr-2937	231	4	testimony	testimony	NOUN
cblr-2937	231	5	,	,	PUNCT
cblr-2937	231	6	a	a	DET
cblr-2937	231	7	credit	credit	NOUN
cblr-2937	231	8	rating	rating	NOUN
cblr-2937	231	9	agency	agency	NOUN
cblr-2937	231	10	official	official	NOUN
cblr-2937	231	11	expressed	express	VERB
cblr-2937	231	12	her	her	PRON
cblr-2937	231	13	agency	agency	NOUN
cblr-2937	231	14	's	's	PART
cblr-2937	231	15	view	view	NOUN
cblr-2937	231	16	that	that	SCONJ
cblr-2937	231	17	the	the	DET
cblr-2937	231	18	2006	2006	NUM
cblr-2937	231	19	act	act	NOUN
cblr-2937	231	20	"	"	PUNCT
cblr-2937	231	21	reflects	reflect	VERB
cblr-2937	231	22	a	a	DET
cblr-2937	231	23	judicious	judicious	ADJ
cblr-2937	231	24	balance	balance	NOUN
cblr-2937	231	25	between	between	ADP
cblr-2937	231	26	oversight	oversight	NOUN
cblr-2937	231	27	and	and	CCONJ
cblr-2937	231	28	analytical	analytical	ADJ
cblr-2937	231	29	independence	independence	NOUN
cblr-2937	231	30	.	.	PUNCT
cblr-2937	231	31	"	"	PUNCT
cblr-2937	232	1	senate	senate	PROPN
cblr-2937	232	2	turmoil	turmoil	NOUN
cblr-2937	232	3	hearings	hearing	NOUN
cblr-2937	232	4	,	,	PUNCT
cblr-2937	232	5	supra	supra	PROPN
cblr-2937	232	6	note	note	PROPN
cblr-2937	232	7	16	16	NUM
cblr-2937	232	8	,	,	PUNCT
cblr-2937	232	9	at	at	ADP
cblr-2937	232	10	7	7	NUM
cblr-2937	232	11	(	(	PUNCT
cblr-2937	232	12	prepared	prepared	ADJ
cblr-2937	232	13	testimony	testimony	NOUN
cblr-2937	232	14	of	of	ADP
cblr-2937	232	15	vickie	vickie	PROPN
cblr-2937	232	16	a.	a.	PROPN
cblr-2937	232	17	tillman	tillman	PROPN
cblr-2937	232	18	,	,	PUNCT
cblr-2937	232	19	executive	executive	ADJ
cblr-2937	232	20	vice	vice	NOUN
cblr-2937	232	21	president	president	NOUN
cblr-2937	232	22	,	,	PUNCT
cblr-2937	232	23	s&p	s&p	PROPN
cblr-2937	232	24	)	)	PUNCT
cblr-2937	232	25	.	.	PUNCT
cblr-2937	233	1	5	5	NUM
cblr-2937	233	2	see	see	VERB
cblr-2937	233	3	sec	sec	PROPN
cblr-2937	233	4	2007	2007	NUM
cblr-2937	233	5	rule	rule	NOUN
cblr-2937	233	6	,	,	PUNCT
cblr-2937	233	7	infra	infra	NOUN
cblr-2937	233	8	note	note	VERB
cblr-2937	233	9	67	67	NUM
cblr-2937	233	10	.	.	PUNCT
cblr-2937	234	1	aaasking	aaaske	VERB
cblr-2937	234	2	for	for	ADP
cblr-2937	234	3	trouble	trouble	NOUN
cblr-2937	234	4	,	,	PUNCT
cblr-2937	234	5	the	the	DET
cblr-2937	234	6	economist	economist	NOUN
cblr-2937	234	7	,	,	PUNCT
cblr-2937	234	8	july	july	PROPN
cblr-2937	234	9	14	14	NUM
cblr-2937	234	10	,	,	PUNCT
cblr-2937	234	11	2007	2007	NUM
cblr-2937	234	12	(	(	PUNCT
cblr-2937	234	13	ohio	ohio	PROPN
cblr-2937	234	14	ag	ag	PROPN
cblr-2937	234	15	's	's	PART
cblr-2937	234	16	fraud	fraud	NOUN
cblr-2937	234	17	investigation	investigation	NOUN
cblr-2937	234	18	)	)	PUNCT
cblr-2937	234	19	;	;	PUNCT
cblr-2937	234	20	credit	credit	NOUN
cblr-2937	234	21	rating	rating	NOUN
cblr-2937	234	22	agencies	agency	NOUN
cblr-2937	234	23	reach	reach	VERB
cblr-2937	234	24	agreement	agreement	NOUN
cblr-2937	234	25	with	with	ADP
cblr-2937	234	26	new	new	ADJ
cblr-2937	234	27	no	no	NOUN
cblr-2937	234	28	.	.	PROPN
cblr-2937	235	1	1	1	NUM
cblr-2937	235	2	:	:	SYM
cblr-2937	235	3	109	109	NUM
cblr-2937	235	4	]	]	PUNCT
cblr-2937	235	5	attorney	attorney	NOUN
cblr-2937	235	6	general	general	NOUN
cblr-2937	235	7	announcing	announce	VERB
cblr-2937	235	8	a	a	DET
cblr-2937	235	9	settlement	settlement	NOUN
cblr-2937	235	10	with	with	ADP
cblr-2937	235	11	the	the	DET
cblr-2937	235	12	major	major	ADJ
cblr-2937	235	13	rating	rating	NOUN
cblr-2937	235	14	agencies	agency	NOUN
cblr-2937	235	15	in	in	ADP
cblr-2937	235	16	june	june	PROPN
cblr-2937	235	17	2008	2008	NUM
cblr-2937	235	18	)	)	PUNCT
cblr-2937	235	19	.	.	PUNCT
cblr-2937	236	1	the	the	DET
cblr-2937	236	2	sec	sec	PROPN
cblr-2937	236	3	conducted	conduct	VERB
cblr-2937	236	4	a	a	DET
cblr-2937	236	5	staff	staff	NOUN
cblr-2937	236	6	examination	examination	NOUN
cblr-2937	236	7	of	of	ADP
cblr-2937	236	8	the	the	DET
cblr-2937	236	9	agencies55	agencies55	NOUN
cblr-2937	236	10	and	and	CCONJ
cblr-2937	236	11	proposed	propose	VERB
cblr-2937	236	12	additional	additional	ADJ
cblr-2937	236	13	rules	rule	NOUN
cblr-2937	236	14	governing	govern	VERB
cblr-2937	236	15	structured	structured	ADJ
cblr-2937	236	16	products	product	NOUN
cblr-2937	236	17	.	.	PUNCT
cblr-2937	237	1	6	6	NUM
cblr-2937	237	2	congress	congress	PROPN
cblr-2937	237	3	held	hold	VERB
cblr-2937	237	4	more	more	ADJ
cblr-2937	237	5	hearings57	hearings57	NOUN
cblr-2937	237	6	and	and	CCONJ
cblr-2937	237	7	considered	consider	VERB
cblr-2937	237	8	additional	additional	ADJ
cblr-2937	237	9	legislation	legislation	NOUN
cblr-2937	237	10	governing	govern	VERB
cblr-2937	237	11	structured	structure	VERB
cblr-2937	237	12	products.8	products.8	ADP
cblr-2937	237	13	the	the	DET
cblr-2937	237	14	president	president	NOUN
cblr-2937	237	15	's	's	PART
cblr-2937	237	16	working	working	NOUN
cblr-2937	237	17	group	group	NOUN
cblr-2937	237	18	on	on	ADP
cblr-2937	237	19	financial	financial	ADJ
cblr-2937	237	20	markets	market	NOUN
cblr-2937	237	21	issued	issue	VERB
cblr-2937	237	22	a	a	DET
cblr-2937	237	23	statement	statement	NOUN
cblr-2937	237	24	describing	describe	VERB
cblr-2937	237	25	"	"	PUNCT
cblr-2937	237	26	flaws	flaw	NOUN
cblr-2937	237	27	in	in	ADP
cblr-2937	237	28	credit	credit	NOUN
cblr-2937	237	29	rating	rating	NOUN
cblr-2937	237	30	agencies	agency	NOUN
cblr-2937	237	31	'	'	PART
cblr-2937	237	32	assessments	assessment	NOUN
cblr-2937	237	33	"	"	PUNCT
cblr-2937	237	34	of	of	ADP
cblr-2937	237	35	certain	certain	ADJ
cblr-2937	237	36	products	product	NOUN
cblr-2937	237	37	as	as	ADP
cblr-2937	237	38	a	a	DET
cblr-2937	237	39	"	"	PUNCT
cblr-2937	237	40	principal	principal	ADJ
cblr-2937	237	41	underlying	underlying	ADJ
cblr-2937	237	42	cause	cause	NOUN
cblr-2937	237	43	"	"	PUNCT
cblr-2937	237	44	of	of	ADP
cblr-2937	237	45	global	global	ADJ
cblr-2937	237	46	market	market	NOUN
cblr-2937	237	47	turmoil.5	turmoil.5	X
cblr-2937	237	48	9	9	NUM
cblr-2937	237	49	international	international	ADJ
cblr-2937	237	50	quasi	quasi	ADJ
cblr-2937	237	51	-	-	ADJ
cblr-2937	237	52	official	official	ADJ
cblr-2937	237	53	bodies	body	NOUN
cblr-2937	237	54	reviewed	review	VERB
cblr-2937	237	55	the	the	DET
cblr-2937	237	56	role	role	NOUN
cblr-2937	237	57	of	of	ADP
cblr-2937	237	58	rating	rating	NOUN
cblr-2937	237	59	agencies	agency	NOUN
cblr-2937	237	60	and	and	CCONJ
cblr-2937	237	61	made	make	VERB
cblr-2937	237	62	recommendations	recommendation	NOUN
cblr-2937	237	63	.	.	PUNCT
cblr-2937	237	64	"	"	PUNCT
cblr-2937	238	1	as	as	SCONJ
cblr-2937	238	2	described	describe	VERB
cblr-2937	238	3	in	in	ADP
cblr-2937	238	4	more	more	ADJ
cblr-2937	238	5	detail	detail	NOUN
cblr-2937	238	6	below	below	ADV
cblr-2937	238	7	,	,	PUNCT
cblr-2937	238	8	the	the	DET
cblr-2937	238	9	fundamental	fundamental	ADJ
cblr-2937	238	10	orientation	orientation	NOUN
cblr-2937	238	11	of	of	ADP
cblr-2937	238	12	policy	policy	NOUN
cblr-2937	238	13	reform	reform	NOUN
cblr-2937	238	14	was	be	AUX
cblr-2937	238	15	the	the	DET
cblr-2937	238	16	same	same	ADJ
cblr-2937	238	17	before	before	ADV
cblr-2937	238	18	and	and	CCONJ
cblr-2937	238	19	after	after	ADP
cblr-2937	238	20	the	the	DET
cblr-2937	238	21	crisis	crisis	NOUN
cblr-2937	238	22	:	:	PUNCT
cblr-2937	238	23	the	the	DET
cblr-2937	238	24	authorities	authority	NOUN
cblr-2937	238	25	'	'	PART
cblr-2937	238	26	efforts	effort	NOUN
cblr-2937	238	27	continued	continue	VERB
cblr-2937	238	28	to	to	PART
cblr-2937	238	29	be	be	AUX
cblr-2937	238	30	aimed	aim	VERB
cblr-2937	238	31	at	at	ADP
cblr-2937	238	32	promoting	promote	VERB
cblr-2937	238	33	competition	competition	NOUN
cblr-2937	238	34	,	,	PUNCT
cblr-2937	238	35	increasing	increase	VERB
cblr-2937	238	36	transparency	transparency	NOUN
cblr-2937	238	37	(	(	PUNCT
cblr-2937	238	38	meaning	mean	VERB
cblr-2937	238	39	both	both	CCONJ
cblr-2937	238	40	investors	investor	NOUN
cblr-2937	238	41	'	'	PART
cblr-2937	238	42	ability	ability	NOUN
cblr-2937	238	43	to	to	PART
cblr-2937	238	44	understand	understand	VERB
cblr-2937	238	45	how	how	SCONJ
cblr-2937	238	46	agencies	agency	NOUN
cblr-2937	238	47	arrive	arrive	VERB
cblr-2937	238	48	at	at	ADP
cblr-2937	238	49	york	york	PROPN
cblr-2937	238	50	ag	ag	PROPN
cblr-2937	238	51	,	,	PUNCT
cblr-2937	238	52	consumer	consumer	NOUN
cblr-2937	238	53	bankr	bankr	NOUN
cblr-2937	238	54	.	.	PUNCT
cblr-2937	239	1	news	news	NOUN
cblr-2937	239	2	,	,	PUNCT
cblr-2937	239	3	july	july	PROPN
cblr-2937	239	4	3	3	NUM
cblr-2937	239	5	,	,	PUNCT
cblr-2937	239	6	2008	2008	NUM
cblr-2937	239	7	(	(	PUNCT
cblr-2937	239	8	connecticut	connecticut	PROPN
cblr-2937	239	9	ag	ag	PROPN
cblr-2937	239	10	's	's	PART
cblr-2937	239	11	antitrust	antitrust	ADJ
cblr-2937	239	12	investigation	investigation	NOUN
cblr-2937	239	13	)	)	PUNCT
cblr-2937	239	14	.	.	PUNCT
cblr-2937	240	1	"	"	PUNCT
cblr-2937	241	1	the	the	DET
cblr-2937	241	2	sec	sec	PROPN
cblr-2937	241	3	staff	staff	NOUN
cblr-2937	241	4	began	begin	VERB
cblr-2937	241	5	its	its	PRON
cblr-2937	241	6	examination	examination	NOUN
cblr-2937	241	7	of	of	ADP
cblr-2937	241	8	the	the	DET
cblr-2937	241	9	agencies	agency	NOUN
cblr-2937	241	10	in	in	ADP
cblr-2937	241	11	august	august	PROPN
cblr-2937	241	12	2007	2007	NUM
cblr-2937	241	13	and	and	CCONJ
cblr-2937	241	14	published	publish	VERB
cblr-2937	241	15	its	its	PRON
cblr-2937	241	16	report	report	NOUN
cblr-2937	241	17	in	in	ADP
cblr-2937	241	18	july	july	PROPN
cblr-2937	241	19	2008	2008	NUM
cblr-2937	241	20	.	.	PUNCT
cblr-2937	242	1	sec	sec	PROPN
cblr-2937	242	2	staff	staff	NOUN
cblr-2937	242	3	examination	examination	NOUN
cblr-2937	242	4	report	report	NOUN
cblr-2937	242	5	,	,	PUNCT
cblr-2937	242	6	supra	supra	PROPN
cblr-2937	242	7	note	note	PROPN
cblr-2937	242	8	38	38	NUM
cblr-2937	242	9	,	,	PUNCT
cblr-2937	242	10	at	at	ADP
cblr-2937	242	11	14	14	NUM
cblr-2937	242	12	.	.	NOUN
cblr-2937	242	13	6	6	NUM
cblr-2937	242	14	see	see	VERB
cblr-2937	242	15	references	reference	NOUN
cblr-2937	242	16	to	to	ADP
cblr-2937	242	17	ratings	rating	NOUN
cblr-2937	242	18	of	of	ADP
cblr-2937	242	19	nationally	nationally	ADV
cblr-2937	242	20	recognized	recognize	VERB
cblr-2937	242	21	statistical	statistical	ADJ
cblr-2937	242	22	rating	rating	NOUN
cblr-2937	242	23	organizations	organization	NOUN
cblr-2937	242	24	;	;	PUNCT
cblr-2937	243	1	security	security	NOUN
cblr-2937	243	2	ratings	rating	NOUN
cblr-2937	243	3	;	;	PUNCT
cblr-2937	243	4	proposed	propose	VERB
cblr-2937	243	5	rules	rule	NOUN
cblr-2937	243	6	,	,	PUNCT
cblr-2937	243	7	73	73	NUM
cblr-2937	243	8	fed	fed	PROPN
cblr-2937	243	9	.	.	PUNCT
cblr-2937	244	1	reg	reg	PROPN
cblr-2937	244	2	.	.	PROPN
cblr-2937	244	3	40,088	40,088	NUM
cblr-2937	244	4	,	,	PUNCT
cblr-2937	244	5	40,106	40,106	NUM
cblr-2937	244	6	,	,	PUNCT
cblr-2937	244	7	40,124	40,124	NUM
cblr-2937	244	8	(	(	PUNCT
cblr-2937	244	9	proposed	propose	VERB
cblr-2937	244	10	july	july	PROPN
cblr-2937	244	11	1	1	NUM
cblr-2937	244	12	,	,	PUNCT
cblr-2937	244	13	2008	2008	NUM
cblr-2937	244	14	)	)	PUNCT
cblr-2937	245	1	(	(	PUNCT
cblr-2937	245	2	to	to	PART
cblr-2937	245	3	be	be	AUX
cblr-2937	245	4	codified	codify	VERB
cblr-2937	245	5	at	at	ADP
cblr-2937	245	6	17	17	NUM
cblr-2937	245	7	c.f.r	c.f.r	NOUN
cblr-2937	245	8	.	.	PUNCT
cblr-2937	246	1	§	§	PROPN
cblr-2937	246	2	§	§	PROPN
cblr-2937	246	3	240	240	NUM
cblr-2937	246	4	,	,	PUNCT
cblr-2937	246	5	242	242	NUM
cblr-2937	246	6	,	,	PUNCT
cblr-2937	246	7	249	249	NUM
cblr-2937	246	8	)	)	PUNCT
cblr-2937	247	1	[	[	X
cblr-2937	247	2	hereinafter	hereinafter	NOUN
cblr-2937	247	3	sec	sec	PROPN
cblr-2937	247	4	july	july	PROPN
cblr-2937	247	5	1	1	NUM
cblr-2937	247	6	proposal	proposal	NOUN
cblr-2937	247	7	]	]	PUNCT
cblr-2937	247	8	;	;	PUNCT
cblr-2937	247	9	proposed	propose	VERB
cblr-2937	247	10	rules	rule	NOUN
cblr-2937	247	11	for	for	ADP
cblr-2937	247	12	nationally	nationally	ADV
cblr-2937	247	13	recognized	recognize	VERB
cblr-2937	247	14	statistical	statistical	ADJ
cblr-2937	247	15	rating	rating	NOUN
cblr-2937	247	16	organizations	organization	NOUN
cblr-2937	247	17	;	;	PUNCT
cblr-2937	247	18	proposed	propose	VERB
cblr-2937	247	19	rule	rule	NOUN
cblr-2937	247	20	,	,	PUNCT
cblr-2937	247	21	73	73	NUM
cblr-2937	247	22	fed	fed	PROPN
cblr-2937	247	23	.	.	PUNCT
cblr-2937	248	1	reg	reg	PROPN
cblr-2937	248	2	.	.	PROPN
cblr-2937	249	1	36,212	36,212	NUM
cblr-2937	249	2	(	(	PUNCT
cblr-2937	249	3	proposed	propose	VERB
cblr-2937	249	4	june	june	PROPN
cblr-2937	249	5	16	16	NUM
cblr-2937	249	6	,	,	PUNCT
cblr-2937	249	7	2008	2008	NUM
cblr-2937	249	8	)	)	PUNCT
cblr-2937	249	9	(	(	PUNCT
cblr-2937	249	10	to	to	PART
cblr-2937	249	11	be	be	AUX
cblr-2937	249	12	codified	codify	VERB
cblr-2937	249	13	at	at	ADP
cblr-2937	249	14	17	17	NUM
cblr-2937	249	15	c.f.r	c.f.r	NOUN
cblr-2937	249	16	.	.	PUNCT
cblr-2937	250	1	§	§	PROPN
cblr-2937	250	2	§	§	PROPN
cblr-2937	250	3	240	240	NUM
cblr-2937	250	4	,	,	PUNCT
cblr-2937	250	5	249b	249b	NUM
cblr-2937	250	6	)	)	PUNCT
cblr-2937	251	1	[	[	X
cblr-2937	251	2	hereinafter	hereinafter	NOUN
cblr-2937	251	3	sec	sec	PROPN
cblr-2937	251	4	june	june	PROPN
cblr-2937	251	5	16	16	NUM
cblr-2937	251	6	proposal	proposal	NOUN
cblr-2937	251	7	]	]	PUNCT
cblr-2937	251	8	.	.	PUNCT
cblr-2937	252	1	67	67	NUM
cblr-2937	252	2	senate	senate	PROPN
cblr-2937	252	3	turmoil	turmoil	NOUN
cblr-2937	252	4	hearings	hearing	NOUN
cblr-2937	252	5	,	,	PUNCT
cblr-2937	252	6	supra	supra	PROPN
cblr-2937	252	7	note	note	PROPN
cblr-2937	252	8	16	16	NUM
cblr-2937	252	9	;	;	PUNCT
cblr-2937	252	10	the	the	DET
cblr-2937	252	11	role	role	NOUN
cblr-2937	252	12	of	of	ADP
cblr-2937	252	13	credit	credit	NOUN
cblr-2937	252	14	rating	rating	NOUN
cblr-2937	252	15	agencies	agency	NOUN
cblr-2937	252	16	in	in	ADP
cblr-2937	252	17	the	the	DET
cblr-2937	252	18	structured	structured	ADJ
cblr-2937	252	19	finance	finance	NOUN
cblr-2937	252	20	market	market	NOUN
cblr-2937	252	21	:	:	PUNCT
cblr-2937	252	22	hearing	hear	VERB
cblr-2937	252	23	before	before	ADP
cblr-2937	252	24	the	the	DET
cblr-2937	252	25	subcomm	subcomm	NOUN
cblr-2937	252	26	.	.	PUNCT
cblr-2937	253	1	on	on	ADP
cblr-2937	253	2	capital	capital	NOUN
cblr-2937	253	3	markets	market	NOUN
cblr-2937	253	4	,	,	PUNCT
cblr-2937	253	5	insurance	insurance	NOUN
cblr-2937	253	6	,	,	PUNCT
cblr-2937	253	7	and	and	CCONJ
cblr-2937	253	8	government	government	NOUN
cblr-2937	253	9	sponsored	sponsor	VERB
cblr-2937	253	10	enterprises	enterprise	NOUN
cblr-2937	253	11	of	of	ADP
cblr-2937	253	12	the	the	DET
cblr-2937	253	13	h.	h.	PROPN
cblr-2937	253	14	comm	comm	NOUN
cblr-2937	253	15	.	.	PUNCT
cblr-2937	254	1	on	on	ADP
cblr-2937	254	2	financial	financial	ADJ
cblr-2937	254	3	servs	servs	NOUN
cblr-2937	254	4	.	.	PUNCT
cblr-2937	254	5	,	,	PUNCT
cblr-2937	254	6	110th	110th	ADJ
cblr-2937	254	7	cong	cong	NOUN
cblr-2937	254	8	.	.	PUNCT
cblr-2937	255	1	(	(	PUNCT
cblr-2937	255	2	2007	2007	NUM
cblr-2937	255	3	)	)	PUNCT
cblr-2937	256	1	[	[	X
cblr-2937	256	2	hereinafter	hereinafter	NOUN
cblr-2937	256	3	house	house	NOUN
cblr-2937	256	4	structured	structure	VERB
cblr-2937	256	5	finance	finance	NOUN
cblr-2937	256	6	hearings	hearing	NOUN
cblr-2937	256	7	]	]	PUNCT
cblr-2937	256	8	.	.	PUNCT
cblr-2937	257	1	58	58	NUM
cblr-2937	257	2	see	see	VERB
cblr-2937	257	3	aaron	aaron	PROPN
cblr-2937	257	4	lucchetti	lucchetti	PROPN
cblr-2937	257	5	,	,	PUNCT
cblr-2937	257	6	new	new	ADJ
cblr-2937	257	7	rules	rule	NOUN
cblr-2937	257	8	loom	loom	VERB
cblr-2937	257	9	for	for	ADP
cblr-2937	257	10	bond	bond	NOUN
cblr-2937	257	11	-	-	PUNCT
cblr-2937	257	12	rating	rate	VERB
cblr-2937	257	13	firms	firm	NOUN
cblr-2937	257	14	,	,	PUNCT
cblr-2937	257	15	wall	wall	PROPN
cblr-2937	257	16	st	st	PROPN
cblr-2937	257	17	.	.	PROPN
cblr-2937	257	18	j.	j.	PROPN
cblr-2937	257	19	,	,	PUNCT
cblr-2937	257	20	july	july	PROPN
cblr-2937	257	21	14	14	NUM
cblr-2937	257	22	,	,	PUNCT
cblr-2937	257	23	2008	2008	NUM
cblr-2937	257	24	,	,	PUNCT
cblr-2937	257	25	at	at	ADP
cblr-2937	257	26	c3	c3	PROPN
cblr-2937	257	27	(	(	PUNCT
cblr-2937	257	28	describing	describe	VERB
cblr-2937	257	29	bill	bill	NOUN
cblr-2937	257	30	that	that	PRON
cblr-2937	257	31	would	would	AUX
cblr-2937	257	32	deny	deny	VERB
cblr-2937	257	33	regulatory	regulatory	ADJ
cblr-2937	257	34	recognition	recognition	NOUN
cblr-2937	257	35	to	to	ADP
cblr-2937	257	36	ratings	rating	NOUN
cblr-2937	257	37	on	on	ADP
cblr-2937	257	38	innovative	innovative	ADJ
cblr-2937	257	39	products	product	NOUN
cblr-2937	257	40	unless	unless	SCONJ
cblr-2937	257	41	the	the	DET
cblr-2937	257	42	products	product	NOUN
cblr-2937	257	43	had	have	AUX
cblr-2937	257	44	received	receive	VERB
cblr-2937	257	45	prior	prior	ADV
cblr-2937	257	46	sec	sec	PROPN
cblr-2937	257	47	approval	approval	NOUN
cblr-2937	257	48	)	)	PUNCT
cblr-2937	257	49	.	.	PUNCT
cblr-2937	258	1	59	59	NUM
cblr-2937	258	2	president	president	NOUN
cblr-2937	258	3	's	's	PART
cblr-2937	258	4	working	working	NOUN
cblr-2937	258	5	group	group	NOUN
cblr-2937	258	6	on	on	ADP
cblr-2937	258	7	financial	financial	ADJ
cblr-2937	258	8	markets	market	NOUN
cblr-2937	258	9	,	,	PUNCT
cblr-2937	258	10	policy	policy	NOUN
cblr-2937	258	11	statement	statement	NOUN
cblr-2937	258	12	on	on	ADP
cblr-2937	258	13	financial	financial	ADJ
cblr-2937	258	14	market	market	NOUN
cblr-2937	258	15	developments	development	NOUN
cblr-2937	258	16	1	1	NUM
cblr-2937	258	17	(	(	PUNCT
cblr-2937	258	18	2008	2008	NUM
cblr-2937	258	19	)	)	PUNCT
cblr-2937	258	20	.	.	PUNCT
cblr-2937	259	1	60	60	NUM
cblr-2937	259	2	iosco	iosco	PROPN
cblr-2937	259	3	cra	cra	PROPN
cblr-2937	259	4	report	report	PROPN
cblr-2937	259	5	,	,	PUNCT
cblr-2937	259	6	supra	supra	PROPN
cblr-2937	259	7	note	note	PROPN
cblr-2937	259	8	36	36	NUM
cblr-2937	259	9	,	,	PUNCT
cblr-2937	259	10	at	at	ADP
cblr-2937	259	11	29	29	NUM
cblr-2937	259	12	-	-	SYM
cblr-2937	259	13	31	31	NUM
cblr-2937	259	14	(	(	PUNCT
cblr-2937	259	15	recommendations	recommendation	NOUN
cblr-2937	259	16	adopted	adopt	VERB
cblr-2937	259	17	as	as	ADP
cblr-2937	259	18	modifications	modification	NOUN
cblr-2937	259	19	to	to	ADP
cblr-2937	259	20	iosco	iosco	PROPN
cblr-2937	259	21	cra	cra	PROPN
cblr-2937	259	22	code	code	PROPN
cblr-2937	259	23	of	of	ADP
cblr-2937	259	24	conduct	conduct	NOUN
cblr-2937	259	25	)	)	PUNCT
cblr-2937	259	26	;	;	PUNCT
cblr-2937	259	27	fsf	fsf	PROPN
cblr-2937	259	28	report	report	PROPN
cblr-2937	259	29	,	,	PUNCT
cblr-2937	259	30	supra	supra	PROPN
cblr-2937	259	31	note	note	PROPN
cblr-2937	259	32	37	37	NUM
cblr-2937	259	33	,	,	PUNCT
cblr-2937	259	34	at	at	ADP
cblr-2937	259	35	3	3	NUM
cblr-2937	259	36	-	-	SYM
cblr-2937	259	37	4	4	NUM
cblr-2937	259	38	(	(	PUNCT
cblr-2937	259	39	recommendations	recommendation	NOUN
cblr-2937	259	40	)	)	PUNCT
cblr-2937	259	41	.	.	PUNCT
cblr-2937	260	1	col	col	PROPN
cblr-2937	260	2	ukfmb	ukfmb	PROPN
cblr-2937	260	3	business	business	PROPN
cblr-2937	260	4	la	la	PROPN
cblr-2937	260	5	w	w	PROPN
cblr-2937	260	6	re	re	PROPN
cblr-2937	260	7	vie	vie	PROPN
cblr-2937	260	8	w	w	PROPN
cblr-2937	261	1	[	[	X
cblr-2937	261	2	vol	vol	NOUN
cblr-2937	261	3	.	.	PUNCT
cblr-2937	261	4	2009	2009	NUM
cblr-2937	261	5	ratings	rating	NOUN
cblr-2937	261	6	and	and	CCONJ
cblr-2937	261	7	their	their	PRON
cblr-2937	261	8	ability	ability	NOUN
cblr-2937	261	9	to	to	PART
cblr-2937	261	10	monitor	monitor	VERB
cblr-2937	261	11	how	how	SCONJ
cblr-2937	261	12	ratings	rating	NOUN
cblr-2937	261	13	perform	perform	VERB
cblr-2937	261	14	)	)	PUNCT
cblr-2937	261	15	,	,	PUNCT
cblr-2937	261	16	and	and	CCONJ
cblr-2937	261	17	reducing	reduce	VERB
cblr-2937	261	18	conflicts	conflict	NOUN
cblr-2937	261	19	of	of	ADP
cblr-2937	261	20	interest	interest	NOUN
cblr-2937	261	21	.	.	PUNCT
cblr-2937	262	1	the	the	DET
cblr-2937	262	2	sec	sec	PROPN
cblr-2937	262	3	also	also	ADV
cblr-2937	262	4	considered	consider	VERB
cblr-2937	262	5	-	-	PUNCT
cblr-2937	262	6	but	but	CCONJ
cblr-2937	262	7	did	do	AUX
cblr-2937	262	8	not	not	PART
cblr-2937	262	9	adopt	adopt	VERB
cblr-2937	262	10	-	-	PUNCT
cblr-2937	262	11	rules	rule	NOUN
cblr-2937	262	12	designed	design	VERB
cblr-2937	262	13	to	to	PART
cblr-2937	262	14	reduce	reduce	VERB
cblr-2937	262	15	its	its	PRON
cblr-2937	262	16	use	use	NOUN
cblr-2937	262	17	of	of	ADP
cblr-2937	262	18	ratings	rating	NOUN
cblr-2937	262	19	in	in	ADP
cblr-2937	262	20	its	its	PRON
cblr-2937	262	21	rules	rule	NOUN
cblr-2937	262	22	.	.	PUNCT
cblr-2937	263	1	authorities	authority	NOUN
cblr-2937	263	2	showed	show	VERB
cblr-2937	263	3	no	no	DET
cblr-2937	263	4	interest	interest	NOUN
cblr-2937	263	5	in	in	ADP
cblr-2937	263	6	devising	devise	VERB
cblr-2937	263	7	or	or	CCONJ
cblr-2937	263	8	enhancing	enhance	VERB
cblr-2937	263	9	remedies	remedy	NOUN
cblr-2937	263	10	providing	provide	VERB
cblr-2937	263	11	direct	direct	ADJ
cblr-2937	263	12	relief	relief	NOUN
cblr-2937	263	13	for	for	ADP
cblr-2937	263	14	low	low	ADJ
cblr-2937	263	15	-	-	PUNCT
cblr-2937	263	16	quality	quality	NOUN
cblr-2937	263	17	ratings	rating	NOUN
cblr-2937	263	18	,	,	PUNCT
cblr-2937	263	19	focusing	focus	VERB
cblr-2937	263	20	instead	instead	ADV
cblr-2937	263	21	on	on	ADP
cblr-2937	263	22	measures	measure	NOUN
cblr-2937	263	23	to	to	PART
cblr-2937	263	24	improve	improve	VERB
cblr-2937	263	25	rating	rating	NOUN
cblr-2937	263	26	agencies	agency	NOUN
cblr-2937	263	27	'	'	PART
cblr-2937	263	28	market	market	NOUN
cblr-2937	263	29	incentives	incentive	NOUN
cblr-2937	263	30	and	and	CCONJ
cblr-2937	263	31	to	to	PART
cblr-2937	263	32	adjust	adjust	VERB
cblr-2937	263	33	investors	investor	NOUN
cblr-2937	263	34	'	'	PART
cblr-2937	263	35	degree	degree	NOUN
cblr-2937	263	36	of	of	ADP
cblr-2937	263	37	reliance	reliance	NOUN
cblr-2937	263	38	on	on	ADP
cblr-2937	263	39	agency	agency	NOUN
cblr-2937	263	40	ratings	rating	NOUN
cblr-2937	263	41	.	.	PUNCT
cblr-2937	264	1	although	although	SCONJ
cblr-2937	264	2	regulators	regulator	NOUN
cblr-2937	264	3	now	now	ADV
cblr-2937	264	4	seem	seem	VERB
cblr-2937	264	5	marginally	marginally	ADV
cblr-2937	264	6	more	more	ADV
cblr-2937	264	7	aggressive	aggressive	ADJ
cblr-2937	264	8	,	,	PUNCT
cblr-2937	264	9	policymakers	policymaker	NOUN
cblr-2937	264	10	before	before	ADP
cblr-2937	264	11	and	and	CCONJ
cblr-2937	264	12	during	during	ADP
cblr-2937	264	13	the	the	DET
cblr-2937	264	14	crisis	crisis	NOUN
cblr-2937	264	15	showed	show	VERB
cblr-2937	264	16	little	little	ADJ
cblr-2937	264	17	interest	interest	NOUN
cblr-2937	264	18	in	in	ADP
cblr-2937	264	19	fundamentally	fundamentally	ADV
cblr-2937	264	20	changing	change	VERB
cblr-2937	264	21	the	the	DET
cblr-2937	264	22	way	way	NOUN
cblr-2937	264	23	the	the	DET
cblr-2937	264	24	credit	credit	NOUN
cblr-2937	264	25	rating	rating	NOUN
cblr-2937	264	26	industry	industry	NOUN
cblr-2937	264	27	works	work	VERB
cblr-2937	264	28	.	.	PUNCT
cblr-2937	265	1	the	the	DET
cblr-2937	265	2	sec	sec	PROPN
cblr-2937	265	3	was	be	AUX
cblr-2937	265	4	the	the	DET
cblr-2937	265	5	only	only	ADJ
cblr-2937	265	6	u.s	u.s	PROPN
cblr-2937	265	7	.	.	PROPN
cblr-2937	265	8	regulator	regulator	NOUN
cblr-2937	265	9	to	to	PART
cblr-2937	265	10	take	take	VERB
cblr-2937	265	11	action	action	NOUN
cblr-2937	265	12	;	;	PUNCT
cblr-2937	265	13	as	as	SCONJ
cblr-2937	265	14	detailed	detailed	ADJ
cblr-2937	265	15	below	below	ADV
cblr-2937	265	16	,	,	PUNCT
cblr-2937	265	17	it	it	PRON
cblr-2937	265	18	adopted	adopt	VERB
cblr-2937	265	19	in	in	ADP
cblr-2937	265	20	february	february	PROPN
cblr-2937	265	21	2009	2009	NUM
cblr-2937	265	22	a	a	DET
cblr-2937	265	23	dramatically	dramatically	ADV
cblr-2937	265	24	scaled	scale	VERB
cblr-2937	265	25	-	-	PUNCT
cblr-2937	265	26	back	back	ADP
cblr-2937	265	27	version	version	NOUN
cblr-2937	265	28	of	of	ADP
cblr-2937	265	29	a	a	DET
cblr-2937	265	30	proposal	proposal	NOUN
cblr-2937	265	31	that	that	PRON
cblr-2937	265	32	was	be	AUX
cblr-2937	265	33	limited	limit	VERB
cblr-2937	265	34	to	to	PART
cblr-2937	265	35	begin	begin	VERB
cblr-2937	265	36	with	with	ADP
cblr-2937	265	37	.	.	PUNCT
cblr-2937	266	1	this	this	PRON
cblr-2937	266	2	has	have	AUX
cblr-2937	266	3	led	lead	VERB
cblr-2937	266	4	some	some	DET
cblr-2937	266	5	commenters	commenter	NOUN
cblr-2937	266	6	to	to	PART
cblr-2937	266	7	dismiss	dismiss	VERB
cblr-2937	266	8	the	the	DET
cblr-2937	266	9	reform	reform	NOUN
cblr-2937	266	10	efforts	effort	NOUN
cblr-2937	266	11	undertaken	undertake	VERB
cblr-2937	266	12	during	during	ADP
cblr-2937	266	13	the	the	DET
cblr-2937	266	14	crisis	crisis	NOUN
cblr-2937	266	15	as	as	ADP
cblr-2937	266	16	insignificant	insignificant	ADJ
cblr-2937	266	17	.	.	PUNCT
cblr-2937	267	1	1	1	NUM
cblr-2937	267	2	whether	whether	SCONJ
cblr-2937	267	3	the	the	DET
cblr-2937	267	4	reforms	reform	NOUN
cblr-2937	267	5	are	be	AUX
cblr-2937	267	6	in	in	ADP
cblr-2937	267	7	fact	fact	NOUN
cblr-2937	267	8	insignificant	insignificant	ADJ
cblr-2937	267	9	or	or	CCONJ
cblr-2937	267	10	not	not	PART
cblr-2937	267	11	,	,	PUNCT
cblr-2937	267	12	they	they	PRON
cblr-2937	267	13	are	be	AUX
cblr-2937	267	14	radically	radically	ADV
cblr-2937	267	15	incomplete	incomplete	ADJ
cblr-2937	267	16	,	,	PUNCT
cblr-2937	267	17	because	because	SCONJ
cblr-2937	267	18	they	they	PRON
cblr-2937	267	19	all	all	PRON
cblr-2937	267	20	share	share	VERB
cblr-2937	267	21	the	the	DET
cblr-2937	267	22	incorrect	incorrect	ADJ
cblr-2937	267	23	fundamental	fundamental	ADJ
cblr-2937	267	24	premise	premise	NOUN
cblr-2937	267	25	that	that	SCONJ
cblr-2937	267	26	perfecting	perfect	VERB
cblr-2937	267	27	the	the	DET
cblr-2937	267	28	reputation	reputation	NOUN
cblr-2937	267	29	mechanism	mechanism	NOUN
cblr-2937	267	30	will	will	AUX
cblr-2937	267	31	lead	lead	VERB
cblr-2937	267	32	to	to	ADP
cblr-2937	267	33	optimum	optimum	ADJ
cblr-2937	267	34	rating	rating	NOUN
cblr-2937	267	35	quality	quality	NOUN
cblr-2937	267	36	.	.	PUNCT
cblr-2937	268	1	iii	iii	X
cblr-2937	268	2	.	.	PUNCT
cblr-2937	269	1	the	the	DET
cblr-2937	269	2	"	"	PUNCT
cblr-2937	269	3	reputational	reputational	ADJ
cblr-2937	269	4	-	-	PUNCT
cblr-2937	269	5	capital	capital	NOUN
cblr-2937	269	6	"	"	PUNCT
cblr-2937	269	7	view	view	NOUN
cblr-2937	269	8	of	of	ADP
cblr-2937	269	9	rating	rating	NOUN
cblr-2937	269	10	agencies	agency	NOUN
cblr-2937	269	11	and	and	CCONJ
cblr-2937	269	12	its	its	PRON
cblr-2937	269	13	relationship	relationship	NOUN
cblr-2937	269	14	to	to	ADP
cblr-2937	269	15	policy	policy	NOUN
cblr-2937	269	16	a.	a.	NOUN
cblr-2937	269	17	the	the	DET
cblr-2937	269	18	"	"	PUNCT
cblr-2937	269	19	reputational	reputational	ADJ
cblr-2937	269	20	-	-	PUNCT
cblr-2937	269	21	capital	capital	NOUN
cblr-2937	269	22	"	"	PUNCT
cblr-2937	269	23	view	view	NOUN
cblr-2937	269	24	of	of	ADP
cblr-2937	269	25	rating	rating	NOUN
cblr-2937	269	26	agencies	agency	NOUN
cblr-2937	269	27	adherents	adherent	NOUN
cblr-2937	269	28	of	of	ADP
cblr-2937	269	29	the	the	DET
cblr-2937	269	30	"	"	PUNCT
cblr-2937	269	31	reputational	reputational	ADJ
cblr-2937	269	32	-	-	PUNCT
cblr-2937	269	33	capital	capital	NOUN
cblr-2937	269	34	"	"	PUNCT
cblr-2937	269	35	school	school	NOUN
cblr-2937	269	36	of	of	ADP
cblr-2937	269	37	thought	thought	NOUN
cblr-2937	269	38	-	-	PUNCT
cblr-2937	269	39	including	include	VERB
cblr-2937	269	40	both	both	CCONJ
cblr-2937	269	41	scholars	scholar	NOUN
cblr-2937	269	42	and	and	CCONJ
cblr-2937	269	43	the	the	DET
cblr-2937	269	44	agencies	agency	NOUN
cblr-2937	269	45	themselves	themselves	PRON
cblr-2937	269	46	62	62	NUM
cblr-2937	269	47	-	-	PUNCT
cblr-2937	269	48	generally	generally	ADV
cblr-2937	269	49	believe	believe	VERB
cblr-2937	269	50	that	that	SCONJ
cblr-2937	269	51	the	the	DET
cblr-2937	269	52	function	function	NOUN
cblr-2937	269	53	of	of	ADP
cblr-2937	269	54	rating	rate	VERB
cblr-2937	269	55	6	6	NUM
cblr-2937	269	56	"	"	PUNCT
cblr-2937	269	57	see	see	NOUN
cblr-2937	269	58	,	,	PUNCT
cblr-2937	269	59	e.g.	e.g.	ADV
cblr-2937	269	60	,	,	PUNCT
cblr-2937	269	61	kara	kara	PROPN
cblr-2937	269	62	scannell	scannell	PROPN
cblr-2937	269	63	&	&	CCONJ
cblr-2937	269	64	aaron	aaron	PROPN
cblr-2937	269	65	lucchetti	lucchetti	PROPN
cblr-2937	269	66	,	,	PUNCT
cblr-2937	269	67	credit	credit	NOUN
cblr-2937	269	68	crunch	crunch	NOUN
cblr-2937	269	69	:	:	PUNCT
cblr-2937	269	70	sec	sec	PROPN
cblr-2937	269	71	to	to	PART
cblr-2937	269	72	seek	seek	VERB
cblr-2937	269	73	added	add	VERB
cblr-2937	269	74	disclosure	disclosure	NOUN
cblr-2937	269	75	on	on	ADP
cblr-2937	269	76	bond	bond	NOUN
cblr-2937	269	77	rating	rating	NOUN
cblr-2937	269	78	firms	firm	NOUN
cblr-2937	269	79	-	-	PUNCT
cblr-2937	269	80	proposals	proposal	NOUN
cblr-2937	269	81	unlikely	unlikely	ADJ
cblr-2937	269	82	to	to	PART
cblr-2937	269	83	quell	quell	VERB
cblr-2937	269	84	criticism	criticism	NOUN
cblr-2937	269	85	that	that	PRON
cblr-2937	269	86	more	more	ADJ
cblr-2937	269	87	be	be	AUX
cblr-2937	269	88	done	do	VERB
cblr-2937	269	89	,	,	PUNCT
cblr-2937	269	90	wall	wall	PROPN
cblr-2937	269	91	st	st	PROPN
cblr-2937	269	92	.	.	PROPN
cblr-2937	269	93	j.	j.	PROPN
cblr-2937	269	94	,	,	PUNCT
cblr-2937	269	95	june	june	PROPN
cblr-2937	269	96	11	11	NUM
cblr-2937	269	97	,	,	PUNCT
cblr-2937	269	98	2008	2008	NUM
cblr-2937	269	99	,	,	PUNCT
cblr-2937	269	100	at	at	ADP
cblr-2937	269	101	c2	c2	PROPN
cblr-2937	269	102	(	(	PUNCT
cblr-2937	269	103	"	"	PUNCT
cblr-2937	269	104	the	the	DET
cblr-2937	269	105	hodgepodge	hodgepodge	NOUN
cblr-2937	269	106	of	of	ADP
cblr-2937	269	107	proposals	proposal	NOUN
cblr-2937	269	108	so	so	ADV
cblr-2937	269	109	far	far	ADV
cblr-2937	269	110	is	be	AUX
cblr-2937	269	111	merely	merely	ADV
cblr-2937	269	112	'	'	PUNCT
cblr-2937	269	113	modifying	modify	VERB
cblr-2937	269	114	various	various	ADJ
cblr-2937	269	115	practices	practice	NOUN
cblr-2937	269	116	around	around	ADP
cblr-2937	269	117	the	the	DET
cblr-2937	269	118	edges	edge	NOUN
cblr-2937	269	119	,	,	PUNCT
cblr-2937	269	120	'	'	PUNCT
cblr-2937	269	121	said	say	VERB
cblr-2937	269	122	jerome	jerome	PROPN
cblr-2937	269	123	fons	fons	PROPN
cblr-2937	269	124	,	,	PUNCT
cblr-2937	269	125	an	an	DET
cblr-2937	269	126	investment	investment	NOUN
cblr-2937	269	127	consultant	consultant	NOUN
cblr-2937	269	128	and	and	CCONJ
cblr-2937	269	129	former	former	ADJ
cblr-2937	269	130	moody	moody	NOUN
cblr-2937	269	131	's	's	PART
cblr-2937	269	132	managing	managing	NOUN
cblr-2937	269	133	director	director	NOUN
cblr-2937	269	134	.	.	PUNCT
cblr-2937	270	1	'	'	PUNCT
cblr-2937	270	2	there	there	PRON
cblr-2937	270	3	's	be	VERB
cblr-2937	270	4	little	little	ADJ
cblr-2937	270	5	interest	interest	NOUN
cblr-2937	270	6	in	in	ADP
cblr-2937	270	7	real	real	ADJ
cblr-2937	270	8	reform	reform	NOUN
cblr-2937	270	9	.	.	PUNCT
cblr-2937	270	10	'	'	PUNCT
cblr-2937	271	1	"	"	PUNCT
cblr-2937	271	2	)	)	PUNCT
cblr-2937	271	3	.	.	PUNCT
cblr-2937	272	1	62	62	NUM
cblr-2937	272	2	see	see	VERB
cblr-2937	272	3	,	,	PUNCT
cblr-2937	272	4	e.g.	e.g.	ADV
cblr-2937	272	5	,	,	PUNCT
cblr-2937	272	6	assessing	assess	VERB
cblr-2937	272	7	the	the	DET
cblr-2937	272	8	current	current	ADJ
cblr-2937	272	9	oversight	oversight	NOUN
cblr-2937	272	10	and	and	CCONJ
cblr-2937	272	11	operation	operation	NOUN
cblr-2937	272	12	of	of	ADP
cblr-2937	272	13	credit	credit	NOUN
cblr-2937	272	14	rating	rating	NOUN
cblr-2937	272	15	agencies	agency	NOUN
cblr-2937	272	16	:	:	PUNCT
cblr-2937	272	17	hearing	hear	VERB
cblr-2937	272	18	before	before	ADP
cblr-2937	272	19	the	the	DET
cblr-2937	272	20	senate	senate	PROPN
cblr-2937	272	21	comm	comm	NOUN
cblr-2937	272	22	.	.	PUNCT
cblr-2937	273	1	on	on	ADP
cblr-2937	273	2	banking	banking	NOUN
cblr-2937	273	3	,	,	PUNCT
cblr-2937	273	4	housing	housing	NOUN
cblr-2937	273	5	,	,	PUNCT
cblr-2937	273	6	and	and	CCONJ
cblr-2937	273	7	urban	urban	ADJ
cblr-2937	273	8	affairs	affair	NOUN
cblr-2937	273	9	.	.	PUNCT
cblr-2937	273	10	,	,	PUNCT
cblr-2937	273	11	109th	109th	ADJ
cblr-2937	273	12	cong	cong	NOUN
cblr-2937	273	13	.	.	PUNCT
cblr-2937	274	1	(	(	PUNCT
cblr-2937	274	2	2006	2006	NUM
cblr-2937	274	3	)	)	PUNCT
cblr-2937	275	1	[	[	X
cblr-2937	275	2	hereinafter	hereinafter	NOUN
cblr-2937	275	3	senate	senate	PROPN
cblr-2937	275	4	cra	cra	PROPN
cblr-2937	275	5	oversight	oversight	NOUN
cblr-2937	275	6	no	no	INTJ
cblr-2937	275	7	.	.	PUNCT
cblr-2937	276	1	1:109	1:109	NUM
cblr-2937	276	2	]	]	PUNCT
cblr-2937	276	3	credit	credit	NOUN
cblr-2937	276	4	rating	rating	NOUN
cblr-2937	276	5	agencies	agency	NOUN
cblr-2937	276	6	agencies	agency	NOUN
cblr-2937	276	7	is	be	AUX
cblr-2937	276	8	to	to	PART
cblr-2937	276	9	make	make	VERB
cblr-2937	276	10	high	high	ADJ
cblr-2937	276	11	-	-	PUNCT
cblr-2937	276	12	quality	quality	NOUN
cblr-2937	276	13	assessments	assessment	NOUN
cblr-2937	276	14	of	of	ADP
cblr-2937	276	15	issuer	issuer	ADJ
cblr-2937	276	16	creditworthiness	creditworthiness	NOUN
cblr-2937	276	17	available	available	ADJ
cblr-2937	276	18	to	to	ADP
cblr-2937	276	19	market	market	NOUN
cblr-2937	276	20	participants,6	participants,6	NOUN
cblr-2937	276	21	"	"	PUNCT
cblr-2937	276	22	and	and	CCONJ
cblr-2937	276	23	that	that	SCONJ
cblr-2937	276	24	the	the	DET
cblr-2937	276	25	value	value	NOUN
cblr-2937	276	26	of	of	ADP
cblr-2937	276	27	a	a	DET
cblr-2937	276	28	rating	rating	NOUN
cblr-2937	276	29	agency	agency	NOUN
cblr-2937	276	30	's	's	PART
cblr-2937	276	31	business	business	NOUN
cblr-2937	276	32	derives	derive	VERB
cblr-2937	276	33	from	from	ADP
cblr-2937	276	34	the	the	DET
cblr-2937	276	35	agency	agency	NOUN
cblr-2937	276	36	's	's	PART
cblr-2937	276	37	reputation	reputation	NOUN
cblr-2937	276	38	for	for	ADP
cblr-2937	276	39	issuing	issue	VERB
cblr-2937	276	40	high	high	ADJ
cblr-2937	276	41	-	-	PUNCT
cblr-2937	276	42	quality	quality	NOUN
cblr-2937	276	43	ratings	rating	NOUN
cblr-2937	276	44	.	.	PUNCT
cblr-2937	276	45	'	'	PUNCT
cblr-2937	277	1	this	this	DET
cblr-2937	277	2	reputation	reputation	NOUN
cblr-2937	277	3	can	can	AUX
cblr-2937	277	4	be	be	AUX
cblr-2937	277	5	seen	see	VERB
cblr-2937	277	6	as	as	ADP
cblr-2937	277	7	a	a	DET
cblr-2937	277	8	capital	capital	NOUN
cblr-2937	277	9	asset	asset	NOUN
cblr-2937	277	10	that	that	PRON
cblr-2937	277	11	produces	produce	VERB
cblr-2937	277	12	returns	return	NOUN
cblr-2937	277	13	,	,	PUNCT
cblr-2937	277	14	hence	hence	ADV
cblr-2937	277	15	the	the	DET
cblr-2937	277	16	term	term	NOUN
cblr-2937	277	17	"	"	PUNCT
cblr-2937	277	18	reputational	reputational	ADJ
cblr-2937	277	19	-	-	NOUN
cblr-2937	277	20	capital	capital	NOUN
cblr-2937	277	21	.	.	PUNCT
cblr-2937	277	22	"	"	PUNCT
cblr-2937	278	1	adherents	adherent	NOUN
cblr-2937	278	2	of	of	ADP
cblr-2937	278	3	the	the	DET
cblr-2937	278	4	"	"	PUNCT
cblr-2937	278	5	reputational	reputational	ADJ
cblr-2937	278	6	-	-	PUNCT
cblr-2937	278	7	capital	capital	NOUN
cblr-2937	278	8	"	"	PUNCT
cblr-2937	278	9	model	model	NOUN
cblr-2937	278	10	believe	believe	VERB
cblr-2937	278	11	that	that	SCONJ
cblr-2937	278	12	market	market	NOUN
cblr-2937	278	13	discipline	discipline	NOUN
cblr-2937	278	14	,	,	PUNCT
cblr-2937	278	15	in	in	ADP
cblr-2937	278	16	the	the	DET
cblr-2937	278	17	form	form	NOUN
cblr-2937	278	18	of	of	ADP
cblr-2937	278	19	fear	fear	NOUN
cblr-2937	278	20	of	of	ADP
cblr-2937	278	21	loss	loss	NOUN
cblr-2937	278	22	of	of	ADP
cblr-2937	278	23	reputation	reputation	NOUN
cblr-2937	278	24	,	,	PUNCT
cblr-2937	278	25	does	do	AUX
cblr-2937	278	26	(	(	PUNCT
cblr-2937	278	27	or	or	CCONJ
cblr-2937	278	28	at	at	ADP
cblr-2937	278	29	least	least	ADJ
cblr-2937	278	30	can	can	AUX
cblr-2937	278	31	)	)	PUNCT
cblr-2937	278	32	provide	provide	VERB
cblr-2937	278	33	the	the	DET
cblr-2937	278	34	right	right	ADJ
cblr-2937	278	35	incentives	incentive	NOUN
cblr-2937	278	36	for	for	ADP
cblr-2937	278	37	highquality	highquality	NOUN
cblr-2937	278	38	ratings.65	ratings.65	NOUN
cblr-2937	278	39	these	these	DET
cblr-2937	278	40	scholars	scholar	NOUN
cblr-2937	278	41	unanimously	unanimously	ADV
cblr-2937	278	42	believe	believe	VERB
cblr-2937	278	43	that	that	SCONJ
cblr-2937	278	44	hearings	hearing	NOUN
cblr-2937	278	45	]	]	PUNCT
cblr-2937	278	46	,	,	PUNCT
cblr-2937	278	47	at	at	ADP
cblr-2937	278	48	12	12	NUM
cblr-2937	278	49	-	-	SYM
cblr-2937	278	50	13	13	NUM
cblr-2937	278	51	(	(	PUNCT
cblr-2937	278	52	prepared	prepared	ADJ
cblr-2937	278	53	testimony	testimony	NOUN
cblr-2937	278	54	of	of	ADP
cblr-2937	278	55	vickie	vickie	PROPN
cblr-2937	278	56	a.	a.	PROPN
cblr-2937	278	57	tillman	tillman	PROPN
cblr-2937	278	58	,	,	PUNCT
cblr-2937	278	59	executive	executive	ADJ
cblr-2937	278	60	vice	vice	NOUN
cblr-2937	278	61	president	president	NOUN
cblr-2937	278	62	,	,	PUNCT
cblr-2937	278	63	s&p	s&p	PROPN
cblr-2937	278	64	)	)	PUNCT
cblr-2937	278	65	(	(	PUNCT
cblr-2937	278	66	"	"	PUNCT
cblr-2937	278	67	the	the	DET
cblr-2937	278	68	hallmark	hallmark	NOUN
cblr-2937	278	69	of	of	ADP
cblr-2937	278	70	s&p	s&p	PROPN
cblr-2937	278	71	's	's	PART
cblr-2937	278	72	success	success	NOUN
cblr-2937	278	73	in	in	ADP
cblr-2937	278	74	the	the	DET
cblr-2937	278	75	markets	market	NOUN
cblr-2937	278	76	and	and	CCONJ
cblr-2937	278	77	of	of	ADP
cblr-2937	278	78	our	our	PRON
cblr-2937	278	79	prospects	prospect	NOUN
cblr-2937	278	80	for	for	ADP
cblr-2937	278	81	future	future	ADJ
cblr-2937	278	82	success	success	NOUN
cblr-2937	278	83	is	be	AUX
cblr-2937	278	84	our	our	PRON
cblr-2937	278	85	reputation	reputation	NOUN
cblr-2937	278	86	for	for	ADP
cblr-2937	278	87	independence	independence	NOUN
cblr-2937	278	88	and	and	CCONJ
cblr-2937	278	89	objectivity	objectivity	NOUN
cblr-2937	278	90	.	.	PUNCT
cblr-2937	279	1	without	without	ADP
cblr-2937	279	2	that	that	DET
cblr-2937	279	3	reputation	reputation	NOUN
cblr-2937	279	4	,	,	PUNCT
cblr-2937	279	5	s&p	s&p	PROPN
cblr-2937	279	6	could	could	AUX
cblr-2937	279	7	hardly	hardly	ADV
cblr-2937	279	8	have	have	AUX
cblr-2937	279	9	achieved	achieve	VERB
cblr-2937	279	10	its	its	PRON
cblr-2937	279	11	place	place	NOUN
cblr-2937	279	12	as	as	ADP
cblr-2937	279	13	one	one	NUM
cblr-2937	279	14	the	the	DET
cblr-2937	279	15	world	world	NOUN
cblr-2937	279	16	's	's	PART
cblr-2937	279	17	most	most	ADV
cblr-2937	279	18	respected	respected	ADJ
cblr-2937	279	19	credit	credit	NOUN
cblr-2937	279	20	rating	rating	NOUN
cblr-2937	279	21	agencies	agency	NOUN
cblr-2937	279	22	.	.	PUNCT
cblr-2937	280	1	"	"	PUNCT
cblr-2937	280	2	)	)	PUNCT
cblr-2937	280	3	.	.	PUNCT
cblr-2937	281	1	the	the	DET
cblr-2937	281	2	agency	agency	NOUN
cblr-2937	281	3	's	's	PART
cblr-2937	281	4	contribution	contribution	NOUN
cblr-2937	281	5	may	may	AUX
cblr-2937	281	6	arise	arise	VERB
cblr-2937	281	7	from	from	ADP
cblr-2937	281	8	some	some	DET
cblr-2937	281	9	combination	combination	NOUN
cblr-2937	281	10	of	of	ADP
cblr-2937	281	11	reducing	reduce	VERB
cblr-2937	281	12	duplication	duplication	NOUN
cblr-2937	281	13	of	of	ADP
cblr-2937	281	14	effort	effort	NOUN
cblr-2937	281	15	(	(	PUNCT
cblr-2937	281	16	market	market	NOUN
cblr-2937	281	17	participants	participant	NOUN
cblr-2937	281	18	could	could	AUX
cblr-2937	281	19	duplicate	duplicate	VERB
cblr-2937	281	20	agency	agency	NOUN
cblr-2937	281	21	results	result	NOUN
cblr-2937	281	22	,	,	PUNCT
cblr-2937	281	23	but	but	CCONJ
cblr-2937	281	24	it	it	PRON
cblr-2937	281	25	would	would	AUX
cblr-2937	281	26	cost	cost	VERB
cblr-2937	281	27	them	they	PRON
cblr-2937	281	28	a	a	DET
cblr-2937	281	29	lot	lot	NOUN
cblr-2937	281	30	to	to	PART
cblr-2937	281	31	do	do	VERB
cblr-2937	281	32	so	so	ADV
cblr-2937	281	33	)	)	PUNCT
cblr-2937	281	34	or	or	CCONJ
cblr-2937	281	35	from	from	ADP
cblr-2937	281	36	the	the	DET
cblr-2937	281	37	fact	fact	NOUN
cblr-2937	281	38	that	that	SCONJ
cblr-2937	281	39	the	the	DET
cblr-2937	281	40	agency	agency	NOUN
cblr-2937	281	41	is	be	AUX
cblr-2937	281	42	particularly	particularly	ADV
cblr-2937	281	43	good	good	ADJ
cblr-2937	281	44	at	at	ADP
cblr-2937	281	45	assessing	assess	VERB
cblr-2937	281	46	creditworthiness	creditworthiness	NOUN
cblr-2937	281	47	,	,	PUNCT
cblr-2937	281	48	possibly	possibly	ADV
cblr-2937	281	49	because	because	SCONJ
cblr-2937	281	50	of	of	ADP
cblr-2937	281	51	access	access	NOUN
cblr-2937	281	52	to	to	ADP
cblr-2937	281	53	private	private	ADJ
cblr-2937	281	54	information	information	NOUN
cblr-2937	281	55	.	.	PUNCT
cblr-2937	282	1	see	see	VERB
cblr-2937	282	2	iosco	iosco	PROPN
cblr-2937	282	3	cra	cra	PROPN
cblr-2937	282	4	report	report	PROPN
cblr-2937	282	5	,	,	PUNCT
cblr-2937	282	6	supra	supra	PROPN
cblr-2937	282	7	note	note	PROPN
cblr-2937	282	8	36	36	NUM
cblr-2937	282	9	,	,	PUNCT
cblr-2937	282	10	at	at	ADP
cblr-2937	282	11	3	3	NUM
cblr-2937	282	12	(	(	PUNCT
cblr-2937	282	13	agency	agency	NOUN
cblr-2937	282	14	access	access	NOUN
cblr-2937	282	15	to	to	ADP
cblr-2937	282	16	private	private	ADJ
cblr-2937	282	17	information	information	NOUN
cblr-2937	282	18	)	)	PUNCT
cblr-2937	282	19	;	;	PUNCT
cblr-2937	282	20	mason	mason	PROPN
cblr-2937	282	21	&	&	CCONJ
cblr-2937	282	22	rosner	rosner	PROPN
cblr-2937	282	23	,	,	PUNCT
cblr-2937	282	24	supra	supra	PROPN
cblr-2937	282	25	note	note	PROPN
cblr-2937	282	26	25	25	NUM
cblr-2937	282	27	,	,	PUNCT
cblr-2937	282	28	at	at	ADP
cblr-2937	282	29	18	18	NUM
cblr-2937	282	30	(	(	PUNCT
cblr-2937	282	31	"	"	PUNCT
cblr-2937	282	32	[	[	X
cblr-2937	282	33	tihe	tihe	ADJ
cblr-2937	282	34	lack	lack	NOUN
cblr-2937	282	35	of	of	ADP
cblr-2937	282	36	liquidity	liquidity	NOUN
cblr-2937	282	37	,	,	PUNCT
cblr-2937	282	38	transparency	transparency	NOUN
cblr-2937	282	39	,	,	PUNCT
cblr-2937	282	40	history	history	NOUN
cblr-2937	282	41	,	,	PUNCT
cblr-2937	282	42	and	and	CCONJ
cblr-2937	282	43	available	available	ADJ
cblr-2937	282	44	data	datum	NOUN
cblr-2937	282	45	coupled	couple	VERB
cblr-2937	282	46	with	with	ADP
cblr-2937	282	47	unprecedented	unprecedented	ADJ
cblr-2937	282	48	complexity	complexity	NOUN
cblr-2937	282	49	"	"	PUNCT
cblr-2937	282	50	has	have	VERB
cblr-2937	282	51	"	"	PUNCT
cblr-2937	282	52	increased	increase	VERB
cblr-2937	282	53	reliance	reliance	NOUN
cblr-2937	282	54	on	on	ADP
cblr-2937	282	55	the	the	DET
cblr-2937	282	56	cras	cras	X
cblr-2937	282	57	.	.	PUNCT
cblr-2937	282	58	"	"	PUNCT
cblr-2937	282	59	)	)	PUNCT
cblr-2937	282	60	.	.	PUNCT
cblr-2937	283	1	see	see	VERB
cblr-2937	283	2	stephen	stephen	PROPN
cblr-2937	283	3	choi	choi	PROPN
cblr-2937	283	4	,	,	PUNCT
cblr-2937	283	5	market	market	NOUN
cblr-2937	283	6	lessons	lesson	NOUN
cblr-2937	283	7	for	for	ADP
cblr-2937	283	8	gatekeepers	gatekeeper	NOUN
cblr-2937	283	9	,	,	PUNCT
cblr-2937	283	10	92	92	NUM
cblr-2937	283	11	nw	nw	NOUN
cblr-2937	283	12	.	.	PUNCT
cblr-2937	283	13	u.	u.	PROPN
cblr-2937	283	14	l.	l.	PROPN
cblr-2937	283	15	rev	rev	PROPN
cblr-2937	283	16	.	.	PROPN
cblr-2937	283	17	916	916	NUM
cblr-2937	283	18	,	,	PUNCT
cblr-2937	283	19	961	961	NUM
cblr-2937	283	20	(	(	PUNCT
cblr-2937	283	21	1998	1998	NUM
cblr-2937	283	22	)	)	PUNCT
cblr-2937	283	23	(	(	PUNCT
cblr-2937	283	24	"	"	PUNCT
cblr-2937	283	25	the	the	DET
cblr-2937	283	26	value	value	NOUN
cblr-2937	283	27	of	of	ADP
cblr-2937	283	28	both	both	DET
cblr-2937	283	29	debt	debt	NOUN
cblr-2937	283	30	rating	rating	NOUN
cblr-2937	283	31	agencies	agency	NOUN
cblr-2937	283	32	lies	lie	VERB
cblr-2937	283	33	in	in	ADP
cblr-2937	283	34	their	their	PRON
cblr-2937	283	35	ability	ability	NOUN
cblr-2937	283	36	to	to	PART
cblr-2937	283	37	convince	convince	VERB
cblr-2937	283	38	financial	financial	ADJ
cblr-2937	283	39	purchasers	purchaser	NOUN
cblr-2937	283	40	of	of	ADP
cblr-2937	283	41	the	the	DET
cblr-2937	283	42	validity	validity	NOUN
cblr-2937	283	43	and	and	CCONJ
cblr-2937	283	44	accuracy	accuracy	NOUN
cblr-2937	283	45	of	of	ADP
cblr-2937	283	46	their	their	PRON
cblr-2937	283	47	ratings	rating	NOUN
cblr-2937	283	48	.	.	PUNCT
cblr-2937	283	49	"	"	PUNCT
cblr-2937	283	50	)	)	PUNCT
cblr-2937	283	51	;	;	PUNCT
cblr-2937	283	52	gregory	gregory	PROPN
cblr-2937	283	53	husisian	husisian	PROPN
cblr-2937	283	54	,	,	PUNCT
cblr-2937	283	55	what	what	PRON
cblr-2937	283	56	standard	standard	NOUN
cblr-2937	283	57	of	of	ADP
cblr-2937	283	58	care	care	NOUN
cblr-2937	283	59	should	should	AUX
cblr-2937	283	60	govern	govern	VERB
cblr-2937	283	61	the	the	DET
cblr-2937	283	62	world	world	NOUN
cblr-2937	283	63	's	's	PART
cblr-2937	283	64	shortest	short	ADJ
cblr-2937	283	65	editorials	editorial	NOUN
cblr-2937	283	66	?	?	PUNCT
cblr-2937	283	67	:	:	PUNCT
cblr-2937	283	68	an	an	DET
cblr-2937	283	69	analysis	analysis	NOUN
cblr-2937	283	70	of	of	ADP
cblr-2937	283	71	bond	bond	NOUN
cblr-2937	283	72	rating	rating	NOUN
cblr-2937	283	73	agency	agency	NOUN
cblr-2937	283	74	liability	liability	NOUN
cblr-2937	283	75	,	,	PUNCT
cblr-2937	283	76	75	75	NUM
cblr-2937	283	77	cornell	cornell	PROPN
cblr-2937	283	78	l.	l.	PROPN
cblr-2937	283	79	rev	rev	PROPN
cblr-2937	283	80	.	.	PROPN
cblr-2937	283	81	411	411	NUM
cblr-2937	283	82	,	,	PUNCT
cblr-2937	283	83	421	421	NUM
cblr-2937	283	84	(	(	PUNCT
cblr-2937	283	85	1990	1990	NUM
cblr-2937	283	86	)	)	PUNCT
cblr-2937	283	87	(	(	PUNCT
cblr-2937	283	88	arguing	argue	VERB
cblr-2937	283	89	that	that	SCONJ
cblr-2937	283	90	rating	rating	NOUN
cblr-2937	283	91	agencies	agency	NOUN
cblr-2937	283	92	add	add	VERB
cblr-2937	283	93	value	value	NOUN
cblr-2937	283	94	because	because	SCONJ
cblr-2937	283	95	they	they	PRON
cblr-2937	283	96	"	"	PUNCT
cblr-2937	283	97	analyze	analyze	VERB
cblr-2937	283	98	issues	issue	NOUN
cblr-2937	283	99	less	less	ADV
cblr-2937	283	100	expensively	expensively	ADV
cblr-2937	283	101	than	than	ADP
cblr-2937	283	102	institutional	institutional	ADJ
cblr-2937	283	103	investors	investor	NOUN
cblr-2937	283	104	"	"	PUNCT
cblr-2937	283	105	)	)	PUNCT
cblr-2937	283	106	;	;	PUNCT
cblr-2937	283	107	steven	steven	PROPN
cblr-2937	283	108	l.	l.	PROPN
cblr-2937	283	109	schwarcz	schwarcz	PROPN
cblr-2937	283	110	,	,	PUNCT
cblr-2937	283	111	private	private	ADJ
cblr-2937	283	112	ordering	ordering	NOUN
cblr-2937	283	113	of	of	ADP
cblr-2937	283	114	public	public	ADJ
cblr-2937	283	115	markets	market	NOUN
cblr-2937	283	116	:	:	PUNCT
cblr-2937	283	117	the	the	DET
cblr-2937	283	118	rating	rating	NOUN
cblr-2937	283	119	agency	agency	NOUN
cblr-2937	283	120	paradox	paradox	NOUN
cblr-2937	283	121	,	,	PUNCT
cblr-2937	283	122	2002	2002	NUM
cblr-2937	283	123	u.	u.	PROPN
cblr-2937	283	124	ill	ill	PROPN
cblr-2937	283	125	.	.	PUNCT
cblr-2937	284	1	l.	l.	PROPN
cblr-2937	284	2	rev	rev	PROPN
cblr-2937	284	3	.	.	PROPN
cblr-2937	284	4	1	1	NUM
cblr-2937	284	5	,	,	PUNCT
cblr-2937	284	6	26	26	NUM
cblr-2937	284	7	(	(	PUNCT
cblr-2937	284	8	"	"	PUNCT
cblr-2937	284	9	rating	rating	NOUN
cblr-2937	284	10	agencies	agency	NOUN
cblr-2937	284	11	are	be	AUX
cblr-2937	284	12	already	already	ADV
cblr-2937	284	13	motivated	motivated	ADJ
cblr-2937	284	14	to	to	PART
cblr-2937	284	15	provide	provide	VERB
cblr-2937	284	16	accurate	accurate	ADJ
cblr-2937	284	17	and	and	CCONJ
cblr-2937	284	18	efficient	efficient	ADJ
cblr-2937	284	19	ratings	rating	NOUN
cblr-2937	284	20	because	because	SCONJ
cblr-2937	284	21	their	their	PRON
cblr-2937	284	22	profitability	profitability	NOUN
cblr-2937	284	23	is	be	AUX
cblr-2937	284	24	directly	directly	ADV
cblr-2937	284	25	tied	tie	VERB
cblr-2937	284	26	to	to	ADP
cblr-2937	284	27	reputation	reputation	NOUN
cblr-2937	284	28	.	.	PUNCT
cblr-2937	285	1	historical	historical	ADJ
cblr-2937	285	2	data	datum	NOUN
cblr-2937	285	3	confirm	confirm	VERB
cblr-2937	285	4	that	that	SCONJ
cblr-2937	285	5	the	the	DET
cblr-2937	285	6	reputational	reputational	ADJ
cblr-2937	285	7	motivation	motivation	NOUN
cblr-2937	285	8	is	be	AUX
cblr-2937	285	9	sufficient	sufficient	ADJ
cblr-2937	285	10	.	.	PUNCT
cblr-2937	286	1	additional	additional	ADJ
cblr-2937	286	2	regulation	regulation	NOUN
cblr-2937	286	3	of	of	ADP
cblr-2937	286	4	rating	rating	NOUN
cblr-2937	286	5	agencies	agency	NOUN
cblr-2937	286	6	thus	thus	ADV
cblr-2937	286	7	would	would	AUX
cblr-2937	286	8	impose	impose	VERB
cblr-2937	286	9	unnecessary	unnecessary	ADJ
cblr-2937	286	10	costs	cost	NOUN
cblr-2937	286	11	and	and	CCONJ
cblr-2937	286	12	thereby	thereby	ADV
cblr-2937	286	13	diminish	diminish	VERB
cblr-2937	286	14	efficiency	efficiency	NOUN
cblr-2937	286	15	.	.	PUNCT
cblr-2937	287	1	"	"	PUNCT
cblr-2937	287	2	)	)	PUNCT
cblr-2937	287	3	;	;	PUNCT
cblr-2937	287	4	dittrich	dittrich	PRON
cblr-2937	287	5	,	,	PUNCT
cblr-2937	287	6	supra	supra	PROPN
cblr-2937	287	7	note	note	NOUN
cblr-2937	287	8	12	12	NUM
cblr-2937	287	9	,	,	PUNCT
cblr-2937	287	10	at	at	ADP
cblr-2937	287	11	7	7	NUM
cblr-2937	287	12	(	(	PUNCT
cblr-2937	287	13	"	"	PUNCT
cblr-2937	287	14	the	the	DET
cblr-2937	287	15	reputation	reputation	NOUN
cblr-2937	287	16	mechanism	mechanism	NOUN
cblr-2937	287	17	.	.	PUNCT
cblr-2937	287	18	.	.	PUNCT
cblr-2937	287	19	.	.	PUNCT
cblr-2937	288	1	lies	lie	VERB
cblr-2937	288	2	at	at	ADP
cblr-2937	288	3	the	the	DET
cblr-2937	288	4	heart	heart	NOUN
cblr-2937	288	5	of	of	ADP
cblr-2937	288	6	the	the	DET
cblr-2937	288	7	credit	credit	NOUN
cblr-2937	288	8	rating	rating	NOUN
cblr-2937	288	9	business	business	NOUN
cblr-2937	288	10	model	model	NOUN
cblr-2937	288	11	.	.	PUNCT
cblr-2937	288	12	"	"	PUNCT
cblr-2937	288	13	)	)	PUNCT
cblr-2937	288	14	.	.	PUNCT
cblr-2937	288	15	"	"	PUNCT
cblr-2937	289	1	see	see	VERB
cblr-2937	289	2	choi	choi	NOUN
cblr-2937	289	3	,	,	PUNCT
cblr-2937	289	4	supra	supra	PROPN
cblr-2937	289	5	note	note	NOUN
cblr-2937	289	6	64	64	NUM
cblr-2937	289	7	,	,	PUNCT
cblr-2937	289	8	at	at	ADP
cblr-2937	289	9	918	918	NUM
cblr-2937	289	10	;	;	PUNCT
cblr-2937	289	11	husisian	husisian	ADJ
cblr-2937	289	12	,	,	PUNCT
cblr-2937	289	13	supra	supra	PROPN
cblr-2937	289	14	note	note	NOUN
cblr-2937	289	15	64	64	NUM
cblr-2937	289	16	,	,	PUNCT
cblr-2937	289	17	at	at	ADP
cblr-2937	289	18	425	425	NUM
cblr-2937	289	19	-	-	SYM
cblr-2937	289	20	27	27	NUM
cblr-2937	289	21	(	(	PUNCT
cblr-2937	289	22	"	"	PUNCT
cblr-2937	289	23	[	[	X
cblr-2937	289	24	i]t	i]t	NOUN
cblr-2937	289	25	is	be	AUX
cblr-2937	289	26	not	not	PART
cblr-2937	289	27	at	at	ADV
cblr-2937	289	28	all	all	ADV
cblr-2937	289	29	apparent	apparent	ADJ
cblr-2937	289	30	that	that	SCONJ
cblr-2937	289	31	any	any	DET
cblr-2937	289	32	system	system	NOUN
cblr-2937	289	33	of	of	ADP
cblr-2937	289	34	regulation	regulation	NOUN
cblr-2937	289	35	is	be	AUX
cblr-2937	289	36	needed	need	VERB
cblr-2937	289	37	for	for	ADP
cblr-2937	289	38	the	the	DET
cblr-2937	289	39	col	col	PROPN
cblr-2937	289	40	umbia	umbia	PROPN
cblr-2937	289	41	b	b	PROPN
cblr-2937	290	1	usiness	usiness	PROPN
cblr-2937	290	2	la	la	PROPN
cblr-2937	290	3	w	w	PROPN
cblr-2937	290	4	re	re	PROPN
cblr-2937	290	5	vie	vie	PROPN
cblr-2937	290	6	w	w	PROPN
cblr-2937	291	1	[	[	X
cblr-2937	291	2	vol	vol	NOUN
cblr-2937	291	3	.	.	NOUN
cblr-2937	291	4	2009	2009	NUM
cblr-2937	291	5	credit	credit	NOUN
cblr-2937	291	6	rating	rating	NOUN
cblr-2937	291	7	agencies	agency	NOUN
cblr-2937	291	8	poor	poor	ADJ
cblr-2937	291	9	performance	performance	NOUN
cblr-2937	291	10	will	will	AUX
cblr-2937	291	11	be	be	AUX
cblr-2937	291	12	deterred	deter	VERB
cblr-2937	291	13	by	by	ADP
cblr-2937	291	14	the	the	DET
cblr-2937	291	15	prospect	prospect	NOUN
cblr-2937	291	16	of	of	ADP
cblr-2937	291	17	loss	loss	NOUN
cblr-2937	291	18	of	of	ADP
cblr-2937	291	19	reputation	reputation	NOUN
cblr-2937	291	20	,	,	PUNCT
cblr-2937	291	21	and	and	CCONJ
cblr-2937	291	22	accordingly	accordingly	ADV
cblr-2937	291	23	do	do	AUX
cblr-2937	291	24	not	not	PART
cblr-2937	291	25	believe	believe	VERB
cblr-2937	291	26	that	that	SCONJ
cblr-2937	291	27	liability	liability	NOUN
cblr-2937	291	28	or	or	CCONJ
cblr-2937	291	29	other	other	ADJ
cblr-2937	291	30	ex	ex	X
cblr-2937	291	31	post	post	ADJ
cblr-2937	291	32	legal	legal	ADJ
cblr-2937	291	33	remedies	remedy	NOUN
cblr-2937	291	34	are	be	AUX
cblr-2937	291	35	an	an	DET
cblr-2937	291	36	appropriate	appropriate	ADJ
cblr-2937	291	37	adjunct	adjunct	ADJ
cblr-2937	291	38	to	to	ADP
cblr-2937	291	39	the	the	DET
cblr-2937	291	40	reputation	reputation	NOUN
cblr-2937	291	41	mechanism	mechanism	NOUN
cblr-2937	291	42	.	.	PUNCT
cblr-2937	292	1	6	6	NUM
cblr-2937	292	2	b.	b.	NOUN
cblr-2937	292	3	perceived	perceive	VERB
cblr-2937	292	4	problems	problem	NOUN
cblr-2937	292	5	of	of	ADP
cblr-2937	292	6	the	the	DET
cblr-2937	292	7	rating	rating	NOUN
cblr-2937	292	8	market	market	NOUN
cblr-2937	292	9	observers	observer	NOUN
cblr-2937	292	10	have	have	AUX
cblr-2937	292	11	identified	identify	VERB
cblr-2937	292	12	several	several	ADJ
cblr-2937	292	13	aspects	aspect	NOUN
cblr-2937	292	14	of	of	ADP
cblr-2937	292	15	the	the	DET
cblr-2937	292	16	rating	rating	NOUN
cblr-2937	292	17	market	market	NOUN
cblr-2937	292	18	that	that	PRON
cblr-2937	292	19	arguably	arguably	ADV
cblr-2937	292	20	cause	cause	VERB
cblr-2937	292	21	it	it	PRON
cblr-2937	292	22	to	to	PART
cblr-2937	292	23	perform	perform	VERB
cblr-2937	292	24	worse	bad	ADJ
cblr-2937	292	25	than	than	SCONJ
cblr-2937	292	26	it	it	PRON
cblr-2937	292	27	could	could	AUX
cblr-2937	292	28	.	.	PUNCT
cblr-2937	293	1	these	these	PRON
cblr-2937	293	2	include	include	VERB
cblr-2937	293	3	perceived	perceive	VERB
cblr-2937	293	4	lack	lack	NOUN
cblr-2937	293	5	of	of	ADP
cblr-2937	293	6	competition	competition	NOUN
cblr-2937	293	7	,	,	PUNCT
cblr-2937	293	8	absence	absence	NOUN
cblr-2937	293	9	of	of	ADP
cblr-2937	293	10	transparency	transparency	NOUN
cblr-2937	293	11	,	,	PUNCT
cblr-2937	293	12	conflicts	conflict	NOUN
cblr-2937	293	13	of	of	ADP
cblr-2937	293	14	interest	interest	NOUN
cblr-2937	293	15	,	,	PUNCT
cblr-2937	293	16	and	and	CCONJ
cblr-2937	293	17	rating	rating	NOUN
cblr-2937	293	18	-	-	PUNCT
cblr-2937	293	19	dependent	dependent	ADJ
cblr-2937	293	20	regulation	regulation	NOUN
cblr-2937	293	21	.	.	PUNCT
cblr-2937	294	1	opinions	opinion	NOUN
cblr-2937	294	2	on	on	ADP
cblr-2937	294	3	the	the	DET
cblr-2937	294	4	importance	importance	NOUN
cblr-2937	294	5	of	of	ADP
cblr-2937	294	6	these	these	DET
cblr-2937	294	7	deviations	deviation	NOUN
cblr-2937	294	8	regulation	regulation	NOUN
cblr-2937	294	9	of	of	ADP
cblr-2937	294	10	bond	bond	NOUN
cblr-2937	294	11	rating	rating	NOUN
cblr-2937	294	12	agencies	agency	NOUN
cblr-2937	294	13	"	"	PUNCT
cblr-2937	294	14	because	because	SCONJ
cblr-2937	294	15	each	each	DET
cblr-2937	294	16	agency	agency	NOUN
cblr-2937	294	17	faces	face	VERB
cblr-2937	294	18	"	"	PUNCT
cblr-2937	294	19	competitive	competitive	ADJ
cblr-2937	294	20	pressures	pressure	NOUN
cblr-2937	294	21	on	on	ADP
cblr-2937	294	22	several	several	ADJ
cblr-2937	294	23	fronts	front	NOUN
cblr-2937	294	24	.	.	PUNCT
cblr-2937	294	25	"	"	PUNCT
cblr-2937	294	26	)	)	PUNCT
cblr-2937	294	27	;	;	PUNCT
cblr-2937	294	28	i	i	PRON
cblr-2937	294	29	d.	d.	PROPN
cblr-2937	294	30	at	at	ADP
cblr-2937	294	31	434	434	NUM
cblr-2937	294	32	-	-	SYM
cblr-2937	294	33	39	39	NUM
cblr-2937	294	34	,	,	PUNCT
cblr-2937	294	35	445	445	NUM
cblr-2937	294	36	-	-	SYM
cblr-2937	294	37	46	46	NUM
cblr-2937	294	38	.	.	PUNCT
cblr-2937	294	39	'	'	PUNCT
cblr-2937	295	1	see	see	VERB
cblr-2937	295	2	choi	choi	NOUN
cblr-2937	295	3	,	,	PUNCT
cblr-2937	295	4	supra	supra	PROPN
cblr-2937	295	5	note	note	NOUN
cblr-2937	295	6	64	64	NUM
cblr-2937	295	7	,	,	PUNCT
cblr-2937	295	8	at	at	ADP
cblr-2937	295	9	918	918	NUM
cblr-2937	295	10	-	-	SYM
cblr-2937	295	11	19	19	NUM
cblr-2937	295	12	(	(	PUNCT
cblr-2937	295	13	concluding	conclude	VERB
cblr-2937	295	14	"	"	PUNCT
cblr-2937	295	15	gatekeeper	gatekeeper	NOUN
cblr-2937	295	16	liability	liability	NOUN
cblr-2937	295	17	is	be	AUX
cblr-2937	295	18	too	too	ADV
cblr-2937	295	19	heavy	heavy	ADV
cblr-2937	295	20	-	-	PUNCT
cblr-2937	295	21	handed	hand	VERB
cblr-2937	295	22	a	a	DET
cblr-2937	295	23	response	response	NOUN
cblr-2937	295	24	to	to	ADP
cblr-2937	295	25	market	market	NOUN
cblr-2937	295	26	defects	defect	NOUN
cblr-2937	295	27	"	"	PUNCT
cblr-2937	295	28	and	and	CCONJ
cblr-2937	295	29	recommending	recommend	VERB
cblr-2937	295	30	"	"	PUNCT
cblr-2937	295	31	self	self	NOUN
cblr-2937	295	32	-	-	PUNCT
cblr-2937	295	33	tailored	tailor	VERB
cblr-2937	295	34	liability	liability	NOUN
cblr-2937	295	35	,	,	PUNCT
cblr-2937	295	36	"	"	PUNCT
cblr-2937	295	37	in	in	ADP
cblr-2937	295	38	which	which	PRON
cblr-2937	295	39	intermediaries	intermediary	NOUN
cblr-2937	295	40	may	may	AUX
cblr-2937	295	41	specify	specify	VERB
cblr-2937	295	42	the	the	DET
cblr-2937	295	43	type	type	NOUN
cblr-2937	295	44	of	of	ADP
cblr-2937	295	45	due	due	ADJ
cblr-2937	295	46	diligence	diligence	NOUN
cblr-2937	295	47	procedures	procedure	NOUN
cblr-2937	295	48	to	to	PART
cblr-2937	295	49	which	which	PRON
cblr-2937	295	50	they	they	PRON
cblr-2937	295	51	are	be	AUX
cblr-2937	295	52	bound	bind	VERB
cblr-2937	295	53	,	,	PUNCT
cblr-2937	295	54	including	include	VERB
cblr-2937	295	55	choosing	choose	VERB
cblr-2937	295	56	from	from	ADP
cblr-2937	295	57	among	among	ADP
cblr-2937	295	58	criminal	criminal	ADJ
cblr-2937	295	59	penalties	penalty	NOUN
cblr-2937	295	60	and	and	CCONJ
cblr-2937	295	61	invoking	invoke	VERB
cblr-2937	295	62	public	public	ADJ
cblr-2937	295	63	enforcement	enforcement	NOUN
cblr-2937	295	64	and	and	CCONJ
cblr-2937	295	65	monitoring	monitoring	NOUN
cblr-2937	295	66	)	)	PUNCT
cblr-2937	295	67	;	;	PUNCT
cblr-2937	296	1	jacob	jacob	PROPN
cblr-2937	296	2	fisch	fisch	PROPN
cblr-2937	296	3	,	,	PUNCT
cblr-2937	296	4	rating	rate	VERB
cblr-2937	296	5	the	the	DET
cblr-2937	296	6	raters	rater	NOUN
cblr-2937	296	7	:	:	PUNCT
cblr-2937	296	8	reflections	reflection	NOUN
cblr-2937	296	9	on	on	ADP
cblr-2937	296	10	proposals	proposal	NOUN
cblr-2937	296	11	for	for	ADP
cblr-2937	296	12	regulatory	regulatory	ADJ
cblr-2937	296	13	reform	reform	NOUN
cblr-2937	296	14	of	of	ADP
cblr-2937	296	15	the	the	DET
cblr-2937	296	16	credit	credit	NOUN
cblr-2937	296	17	rating	rating	NOUN
cblr-2937	296	18	agencies	agency	NOUN
cblr-2937	296	19	,	,	PUNCT
cblr-2937	296	20	5	5	NUM
cblr-2937	296	21	u.c	u.c	PROPN
cblr-2937	296	22	.	.	PROPN
cblr-2937	296	23	davis	davis	PROPN
cblr-2937	296	24	bus	bus	PROPN
cblr-2937	296	25	.	.	PUNCT
cblr-2937	297	1	l.j	l.j	PROPN
cblr-2937	297	2	.	.	PROPN
cblr-2937	297	3	3	3	NUM
cblr-2937	297	4	(	(	PUNCT
cblr-2937	297	5	2004	2004	NUM
cblr-2937	297	6	)	)	PUNCT
cblr-2937	297	7	,	,	PUNCT
cblr-2937	297	8	available	available	ADJ
cblr-2937	297	9	at	at	ADP
cblr-2937	297	10	http://blj.ucdavis.edu/article.asp?id=549	http://blj.ucdavis.edu/article.asp?id=549	PROPN
cblr-2937	297	11	(	(	PUNCT
cblr-2937	297	12	"	"	PUNCT
cblr-2937	298	1	[	[	X
cblr-2937	298	2	e]vidence	e]vidence	NOUN
cblr-2937	298	3	that	that	SCONJ
cblr-2937	298	4	new	new	ADJ
cblr-2937	298	5	organizations	organization	NOUN
cblr-2937	298	6	have	have	AUX
cblr-2937	298	7	emerged	emerge	VERB
cblr-2937	298	8	that	that	DET
cblr-2937	298	9	pressure	pressure	NOUN
cblr-2937	298	10	the	the	DET
cblr-2937	298	11	market	market	NOUN
cblr-2937	298	12	to	to	PART
cblr-2937	298	13	place	place	VERB
cblr-2937	298	14	appropriate	appropriate	ADJ
cblr-2937	298	15	weight	weight	NOUN
cblr-2937	298	16	on	on	ADP
cblr-2937	298	17	reputational	reputational	ADJ
cblr-2937	298	18	capital	capital	NOUN
cblr-2937	298	19	again	again	ADV
cblr-2937	298	20	suggests	suggest	VERB
cblr-2937	298	21	that	that	SCONJ
cblr-2937	298	22	the	the	DET
cblr-2937	298	23	market	market	NOUN
cblr-2937	298	24	may	may	AUX
cblr-2937	298	25	produce	produce	VERB
cblr-2937	298	26	its	its	PRON
cblr-2937	298	27	own	own	ADJ
cblr-2937	298	28	best	good	ADJ
cblr-2937	298	29	medicine	medicine	NOUN
cblr-2937	298	30	.	.	PUNCT
cblr-2937	299	1	"	"	PUNCT
cblr-2937	299	2	)	)	PUNCT
cblr-2937	299	3	;	;	PUNCT
cblr-2937	299	4	hill	hill	NOUN
cblr-2937	299	5	,	,	PUNCT
cblr-2937	299	6	supra	supra	PROPN
cblr-2937	299	7	note	note	PROPN
cblr-2937	299	8	12	12	NUM
cblr-2937	299	9	,	,	PUNCT
cblr-2937	299	10	at	at	ADP
cblr-2937	299	11	45	45	NUM
cblr-2937	299	12	,	,	PUNCT
cblr-2937	299	13	89	89	NUM
cblr-2937	299	14	-	-	SYM
cblr-2937	299	15	90	90	NUM
cblr-2937	299	16	;	;	PUNCT
cblr-2937	299	17	husisian	husisian	ADJ
cblr-2937	299	18	,	,	PUNCT
cblr-2937	299	19	supra	supra	PROPN
cblr-2937	299	20	note	note	NOUN
cblr-2937	299	21	64	64	NUM
cblr-2937	299	22	,	,	PUNCT
cblr-2937	299	23	at	at	ADP
cblr-2937	299	24	426	426	NUM
cblr-2937	299	25	,	,	PUNCT
cblr-2937	299	26	444	444	NUM
cblr-2937	299	27	(	(	PUNCT
cblr-2937	299	28	arguing	argue	VERB
cblr-2937	299	29	that	that	SCONJ
cblr-2937	299	30	adoption	adoption	NOUN
cblr-2937	299	31	of	of	ADP
cblr-2937	299	32	a	a	DET
cblr-2937	299	33	negligence	negligence	NOUN
cblr-2937	299	34	standard	standard	NOUN
cblr-2937	299	35	for	for	ADP
cblr-2937	299	36	bond	bond	NOUN
cblr-2937	299	37	ratings	rating	NOUN
cblr-2937	299	38	is	be	AUX
cblr-2937	299	39	inadvisable	inadvisable	ADJ
cblr-2937	299	40	because	because	SCONJ
cblr-2937	299	41	"	"	PUNCT
cblr-2937	299	42	the	the	DET
cblr-2937	299	43	market	market	NOUN
cblr-2937	299	44	system	system	NOUN
cblr-2937	299	45	gives	give	VERB
cblr-2937	299	46	firms	firm	NOUN
cblr-2937	299	47	the	the	DET
cblr-2937	299	48	utmost	utmost	ADJ
cblr-2937	299	49	reason	reason	NOUN
cblr-2937	299	50	to	to	PART
cblr-2937	299	51	pursue	pursue	VERB
cblr-2937	299	52	accuracy	accuracy	NOUN
cblr-2937	299	53	"	"	PUNCT
cblr-2937	299	54	because	because	SCONJ
cblr-2937	299	55	"	"	PUNCT
cblr-2937	299	56	the	the	DET
cblr-2937	299	57	bond	bond	NOUN
cblr-2937	299	58	rating	rating	NOUN
cblr-2937	299	59	agency	agency	NOUN
cblr-2937	299	60	sells	sell	VERB
cblr-2937	299	61	its	its	PRON
cblr-2937	299	62	reputation	reputation	NOUN
cblr-2937	299	63	along	along	ADP
cblr-2937	299	64	with	with	ADP
cblr-2937	299	65	every	every	DET
cblr-2937	299	66	rating	rating	NOUN
cblr-2937	299	67	"	"	PUNCT
cblr-2937	299	68	)	)	PUNCT
cblr-2937	299	69	;	;	PUNCT
cblr-2937	299	70	i	i	PRON
cblr-2937	299	71	d.	d.	PROPN
cblr-2937	299	72	at	at	ADP
cblr-2937	299	73	425	425	NUM
cblr-2937	299	74	(	(	PUNCT
cblr-2937	299	75	"	"	PUNCT
cblr-2937	299	76	[	[	X
cblr-2937	299	77	c]ontinuing	c]ontinuing	NOUN
cblr-2937	299	78	reputation	reputation	NOUN
cblr-2937	299	79	for	for	ADP
cblr-2937	299	80	accuracy	accuracy	NOUN
cblr-2937	299	81	"	"	PUNCT
cblr-2937	299	82	is	be	AUX
cblr-2937	299	83	"	"	PUNCT
cblr-2937	299	84	the	the	DET
cblr-2937	299	85	lifeline	lifeline	NOUN
cblr-2937	299	86	of	of	ADP
cblr-2937	299	87	the	the	DET
cblr-2937	299	88	rating	rating	NOUN
cblr-2937	299	89	agencies	agency	NOUN
cblr-2937	299	90	'	'	PART
cblr-2937	299	91	business	business	NOUN
cblr-2937	299	92	.	.	PUNCT
cblr-2937	300	1	"	"	PUNCT
cblr-2937	300	2	)	)	PUNCT
cblr-2937	300	3	;	;	PUNCT
cblr-2937	300	4	dittrich	dittrich	PRON
cblr-2937	300	5	,	,	PUNCT
cblr-2937	300	6	supra	supra	PROPN
cblr-2937	300	7	note	note	NOUN
cblr-2937	300	8	12	12	NUM
cblr-2937	300	9	,	,	PUNCT
cblr-2937	300	10	at	at	ADP
cblr-2937	300	11	145	145	NUM
cblr-2937	300	12	-	-	SYM
cblr-2937	300	13	46	46	NUM
cblr-2937	300	14	(	(	PUNCT
cblr-2937	300	15	"	"	PUNCT
cblr-2937	300	16	[	[	X
cblr-2937	300	17	ilt	ilt	NOUN
cblr-2937	300	18	is	be	AUX
cblr-2937	300	19	difficult	difficult	ADJ
cblr-2937	300	20	to	to	PART
cblr-2937	300	21	argue	argue	VERB
cblr-2937	300	22	for	for	ADP
cblr-2937	300	23	higher	high	ADJ
cblr-2937	300	24	rating	rating	NOUN
cblr-2937	300	25	agency	agency	NOUN
cblr-2937	300	26	liability	liability	NOUN
cblr-2937	300	27	[	[	X
cblr-2937	300	28	i.e.	i.e.	X
cblr-2937	300	29	,	,	PUNCT
cblr-2937	300	30	a	a	DET
cblr-2937	300	31	higher	high	ADJ
cblr-2937	300	32	standard	standard	NOUN
cblr-2937	300	33	than	than	ADP
cblr-2937	300	34	negligence	negligence	NOUN
cblr-2937	300	35	]	]	PUNCT
cblr-2937	300	36	.	.	PUNCT
cblr-2937	300	37	.	.	PUNCT
cblr-2937	301	1	.	.	PUNCT
cblr-2937	301	2	.	.	PUNCT
cblr-2937	302	1	it	it	PRON
cblr-2937	302	2	makes	make	VERB
cblr-2937	302	3	more	more	ADJ
cblr-2937	302	4	sense	sense	NOUN
cblr-2937	302	5	to	to	PART
cblr-2937	302	6	strengthen	strengthen	VERB
cblr-2937	302	7	the	the	DET
cblr-2937	302	8	reputation	reputation	NOUN
cblr-2937	302	9	mechanism	mechanism	NOUN
cblr-2937	302	10	.	.	PUNCT
cblr-2937	303	1	"	"	PUNCT
cblr-2937	303	2	)	)	PUNCT
cblr-2937	303	3	.	.	PUNCT
cblr-2937	304	1	67	67	NUM
cblr-2937	305	1	the	the	DET
cblr-2937	305	2	2006	2006	NUM
cblr-2937	305	3	act	act	NOUN
cblr-2937	305	4	also	also	ADV
cblr-2937	305	5	addressed	address	VERB
cblr-2937	305	6	two	two	NUM
cblr-2937	305	7	sets	set	NOUN
cblr-2937	305	8	of	of	ADP
cblr-2937	305	9	issues	issue	NOUN
cblr-2937	305	10	not	not	PART
cblr-2937	305	11	directly	directly	ADV
cblr-2937	305	12	tied	tie	VERB
cblr-2937	305	13	to	to	ADP
cblr-2937	305	14	rating	rating	NOUN
cblr-2937	305	15	performance	performance	NOUN
cblr-2937	305	16	:	:	PUNCT
cblr-2937	305	17	insider	insider	NOUN
cblr-2937	305	18	trading	trading	NOUN
cblr-2937	305	19	and	and	CCONJ
cblr-2937	305	20	tying	tie	VERB
cblr-2937	305	21	-	-	PUNCT
cblr-2937	305	22	like	like	ADJ
cblr-2937	305	23	practices	practice	NOUN
cblr-2937	305	24	.	.	PUNCT
cblr-2937	306	1	insider	insider	NOUN
cblr-2937	306	2	trading	trading	NOUN
cblr-2937	306	3	is	be	AUX
cblr-2937	306	4	a	a	DET
cblr-2937	306	5	potential	potential	ADJ
cblr-2937	306	6	issue	issue	NOUN
cblr-2937	306	7	because	because	SCONJ
cblr-2937	306	8	agencies	agency	NOUN
cblr-2937	306	9	that	that	PRON
cblr-2937	306	10	make	make	VERB
cblr-2937	306	11	their	their	PRON
cblr-2937	306	12	ratings	rating	NOUN
cblr-2937	306	13	public	public	NOUN
cblr-2937	306	14	may	may	AUX
cblr-2937	306	15	use	use	VERB
cblr-2937	306	16	nonpublic	nonpublic	ADJ
cblr-2937	306	17	information	information	NOUN
cblr-2937	306	18	in	in	ADP
cblr-2937	306	19	making	make	VERB
cblr-2937	306	20	their	their	PRON
cblr-2937	306	21	determinations	determination	NOUN
cblr-2937	306	22	,	,	PUNCT
cblr-2937	306	23	see	see	VERB
cblr-2937	306	24	oversight	oversight	NOUN
cblr-2937	306	25	of	of	ADP
cblr-2937	306	26	credit	credit	NOUN
cblr-2937	306	27	rating	rating	NOUN
cblr-2937	306	28	agencies	agency	NOUN
cblr-2937	306	29	registered	register	VERB
cblr-2937	306	30	as	as	ADP
cblr-2937	306	31	nationally	nationally	ADV
cblr-2937	306	32	recognized	recognize	VERB
cblr-2937	306	33	statistical	statistical	ADJ
cblr-2937	306	34	rating	rating	NOUN
cblr-2937	306	35	organizations	organization	NOUN
cblr-2937	306	36	;	;	PUNCT
cblr-2937	306	37	see	see	VERB
cblr-2937	306	38	also	also	ADV
cblr-2937	306	39	final	final	ADJ
cblr-2937	306	40	rule	rule	NOUN
cblr-2937	306	41	,	,	PUNCT
cblr-2937	306	42	72	72	NUM
cblr-2937	306	43	fed	feed	VERB
cblr-2937	306	44	.	.	PUNCT
cblr-2937	307	1	reg	reg	PROPN
cblr-2937	307	2	.	.	PUNCT
cblr-2937	308	1	33,564	33,564	NUM
cblr-2937	308	2	,	,	PUNCT
cblr-2937	308	3	33,586	33,586	NUM
cblr-2937	308	4	(	(	PUNCT
cblr-2937	308	5	june	june	PROPN
cblr-2937	308	6	18	18	NUM
cblr-2937	308	7	,	,	PUNCT
cblr-2937	308	8	2007	2007	NUM
cblr-2937	308	9	)	)	PUNCT
cblr-2937	309	1	[	[	X
cblr-2937	309	2	hereinafter	hereinafter	NOUN
cblr-2937	309	3	sec	sec	PROPN
cblr-2937	309	4	2007	2007	NUM
cblr-2937	309	5	rule	rule	NOUN
cblr-2937	309	6	]	]	PUNCT
cblr-2937	309	7	,	,	PUNCT
cblr-2937	309	8	and	and	CCONJ
cblr-2937	309	9	enjoy	enjoy	VERB
cblr-2937	309	10	an	an	DET
cblr-2937	309	11	exemption	exemption	NOUN
cblr-2937	309	12	from	from	ADP
cblr-2937	309	13	regulation	regulation	NOUN
cblr-2937	309	14	fd	fd	PROPN
cblr-2937	309	15	,	,	PUNCT
cblr-2937	309	16	which	which	PRON
cblr-2937	309	17	prohibits	prohibit	VERB
cblr-2937	309	18	the	the	DET
cblr-2937	309	19	selective	selective	ADJ
cblr-2937	309	20	dissemination	dissemination	NOUN
cblr-2937	309	21	of	of	ADP
cblr-2937	309	22	material	material	NOUN
cblr-2937	309	23	nonpublic	nonpublic	ADJ
cblr-2937	309	24	information	information	NOUN
cblr-2937	309	25	.	.	PUNCT
cblr-2937	310	1	see	see	VERB
cblr-2937	310	2	17	17	NUM
cblr-2937	310	3	c.f.r	c.f.r	NOUN
cblr-2937	310	4	.	.	PUNCT
cblr-2937	311	1	no	no	INTJ
cblr-2937	311	2	.	.	PUNCT
cblr-2937	312	1	1:109	1:109	NUM
cblr-2937	312	2	]	]	PUNCT
cblr-2937	312	3	vary	vary	VERB
cblr-2937	312	4	from	from	ADP
cblr-2937	312	5	the	the	DET
cblr-2937	312	6	view	view	NOUN
cblr-2937	312	7	that	that	SCONJ
cblr-2937	312	8	they	they	PRON
cblr-2937	312	9	are	be	AUX
cblr-2937	312	10	critically	critically	ADV
cblr-2937	312	11	important68	important68	ADJ
cblr-2937	312	12	to	to	ADP
cblr-2937	312	13	the	the	DET
cblr-2937	312	14	view	view	NOUN
cblr-2937	312	15	that	that	SCONJ
cblr-2937	312	16	they	they	PRON
cblr-2937	312	17	are	be	AUX
cblr-2937	312	18	not	not	PART
cblr-2937	312	19	important	important	ADJ
cblr-2937	312	20	at	at	ADV
cblr-2937	312	21	all	all	ADV
cblr-2937	312	22	.	.	PUNCT
cblr-2937	313	1	9	9	NUM
cblr-2937	313	2	these	these	DET
cblr-2937	313	3	deviations	deviation	NOUN
cblr-2937	313	4	,	,	PUNCT
cblr-2937	313	5	separately	separately	ADV
cblr-2937	313	6	or	or	CCONJ
cblr-2937	313	7	in	in	ADP
cblr-2937	313	8	combination	combination	NOUN
cblr-2937	313	9	,	,	PUNCT
cblr-2937	313	10	could	could	AUX
cblr-2937	313	11	cause	cause	VERB
cblr-2937	313	12	the	the	DET
cblr-2937	313	13	reputation	reputation	NOUN
cblr-2937	313	14	mechanism	mechanism	NOUN
cblr-2937	313	15	to	to	PART
cblr-2937	313	16	perform	perform	VERB
cblr-2937	313	17	poorly	poorly	ADV
cblr-2937	313	18	,	,	PUNCT
cblr-2937	313	19	and	and	CCONJ
cblr-2937	313	20	policymakers	policymaker	NOUN
cblr-2937	313	21	have	have	AUX
cblr-2937	313	22	been	be	AUX
cblr-2937	313	23	discussing	discuss	VERB
cblr-2937	313	24	action	action	NOUN
cblr-2937	313	25	to	to	PART
cblr-2937	313	26	address	address	VERB
cblr-2937	313	27	each	each	PRON
cblr-2937	313	28	of	of	ADP
cblr-2937	313	29	them	they	PRON
cblr-2937	313	30	at	at	ADP
cblr-2937	313	31	least	least	ADJ
cblr-2937	313	32	since	since	SCONJ
cblr-2937	313	33	the	the	DET
cblr-2937	313	34	corporate	corporate	ADJ
cblr-2937	313	35	scandals	scandal	NOUN
cblr-2937	313	36	of	of	ADP
cblr-2937	313	37	2001	2001	NUM
cblr-2937	313	38	-	-	SYM
cblr-2937	313	39	02	02	NUM
cblr-2937	313	40	.	.	PUNCT
cblr-2937	314	1	the	the	DET
cblr-2937	314	2	2006	2006	NUM
cblr-2937	314	3	credit	credit	NOUN
cblr-2937	314	4	rating	rating	NOUN
cblr-2937	314	5	agency	agency	NOUN
cblr-2937	314	6	reform	reform	PROPN
cblr-2937	314	7	act	act	PROPN
cblr-2937	314	8	and	and	CCONJ
cblr-2937	314	9	the	the	DET
cblr-2937	314	10	sec	sec	PROPN
cblr-2937	314	11	's	's	PART
cblr-2937	314	12	2007	2007	NUM
cblr-2937	314	13	rules	rule	NOUN
cblr-2937	314	14	under	under	ADP
cblr-2937	314	15	the	the	DET
cblr-2937	314	16	act	act	NOUN
cblr-2937	314	17	represent	represent	VERB
cblr-2937	314	18	the	the	DET
cblr-2937	314	19	culmination	culmination	NOUN
cblr-2937	314	20	of	of	ADP
cblr-2937	314	21	this	this	DET
cblr-2937	314	22	"	"	PUNCT
cblr-2937	314	23	postenron	postenron	PROPN
cblr-2937	314	24	"	"	PUNCT
cblr-2937	314	25	regulatory	regulatory	ADJ
cblr-2937	314	26	effort	effort	NOUN
cblr-2937	314	27	.	.	PUNCT
cblr-2937	315	1	a	a	DET
cblr-2937	315	2	new	new	ADJ
cblr-2937	315	3	wave	wave	NOUN
cblr-2937	315	4	of	of	ADP
cblr-2937	315	5	regulatory	regulatory	ADJ
cblr-2937	315	6	proposals	proposal	NOUN
cblr-2937	315	7	,	,	PUNCT
cblr-2937	315	8	focusing	focus	VERB
cblr-2937	315	9	on	on	ADP
cblr-2937	315	10	the	the	DET
cblr-2937	315	11	same	same	ADJ
cblr-2937	315	12	general	general	ADJ
cblr-2937	315	13	types	type	NOUN
cblr-2937	315	14	of	of	ADP
cblr-2937	315	15	issues	issue	NOUN
cblr-2937	315	16	,	,	PUNCT
cblr-2937	315	17	but	but	CCONJ
cblr-2937	315	18	with	with	ADP
cblr-2937	315	19	an	an	DET
cblr-2937	315	20	emphasis	emphasis	NOUN
cblr-2937	315	21	on	on	ADP
cblr-2937	315	22	a	a	DET
cblr-2937	315	23	more	more	ADV
cblr-2937	315	24	muscular	muscular	ADJ
cblr-2937	315	25	regulatory	regulatory	ADJ
cblr-2937	315	26	approach	approach	NOUN
cblr-2937	315	27	to	to	ADP
cblr-2937	315	28	structured	structure	VERB
cblr-2937	315	29	-	-	PUNCT
cblr-2937	315	30	product	product	NOUN
cblr-2937	315	31	ratings	rating	NOUN
cblr-2937	315	32	,	,	PUNCT
cblr-2937	315	33	appeared	appear	VERB
cblr-2937	315	34	after	after	SCONJ
cblr-2937	315	35	the	the	DET
cblr-2937	315	36	credit	credit	NOUN
cblr-2937	315	37	crisis	crisis	NOUN
cblr-2937	315	38	began	begin	VERB
cblr-2937	315	39	to	to	PART
cblr-2937	315	40	unfold	unfold	VERB
cblr-2937	315	41	in	in	ADP
cblr-2937	315	42	summer	summer	NOUN
cblr-2937	315	43	2007	2007	NUM
cblr-2937	315	44	.	.	PUNCT
cblr-2937	316	1	with	with	ADP
cblr-2937	316	2	minor	minor	ADJ
cblr-2937	316	3	exceptions	exception	NOUN
cblr-2937	316	4	,	,	PUNCT
cblr-2937	316	5	all	all	DET
cblr-2937	316	6	the	the	DET
cblr-2937	316	7	regulatory	regulatory	ADJ
cblr-2937	316	8	proposals	proposal	NOUN
cblr-2937	316	9	that	that	PRON
cblr-2937	316	10	have	have	AUX
cblr-2937	316	11	been	be	AUX
cblr-2937	316	12	adopted	adopt	VERB
cblr-2937	316	13	or	or	CCONJ
cblr-2937	316	14	that	that	PRON
cblr-2937	316	15	are	be	AUX
cblr-2937	316	16	under	under	ADP
cblr-2937	316	17	consideration	consideration	NOUN
cblr-2937	316	18	are	be	AUX
cblr-2937	316	19	aimed	aim	VERB
cblr-2937	316	20	at	at	ADP
cblr-2937	316	21	addressing	address	VERB
cblr-2937	316	22	the	the	DET
cblr-2937	316	23	discrete	discrete	ADJ
cblr-2937	316	24	problems	problem	NOUN
cblr-2937	316	25	identified	identify	VERB
cblr-2937	316	26	above	above	ADV
cblr-2937	316	27	,	,	PUNCT
cblr-2937	316	28	and	and	CCONJ
cblr-2937	316	29	can	can	AUX
cblr-2937	316	30	be	be	AUX
cblr-2937	316	31	seen	see	VERB
cblr-2937	316	32	as	as	ADP
cblr-2937	316	33	undergirded	undergird	VERB
cblr-2937	316	34	by	by	ADP
cblr-2937	316	35	faith	faith	NOUN
cblr-2937	316	36	in	in	ADP
cblr-2937	316	37	the	the	DET
cblr-2937	316	38	reputation	reputation	NOUN
cblr-2937	316	39	mechanism	mechanism	NOUN
cblr-2937	316	40	to	to	PART
cblr-2937	316	41	produce	produce	VERB
cblr-2937	316	42	good	good	ADJ
cblr-2937	316	43	results	result	NOUN
cblr-2937	316	44	if	if	SCONJ
cblr-2937	316	45	some	some	PRON
cblr-2937	316	46	or	or	CCONJ
cblr-2937	316	47	all	all	PRON
cblr-2937	316	48	of	of	ADP
cblr-2937	316	49	the	the	DET
cblr-2937	316	50	problems	problem	NOUN
cblr-2937	316	51	are	be	AUX
cblr-2937	316	52	corrected	correct	VERB
cblr-2937	316	53	.	.	PUNCT
cblr-2937	317	1	§	§	PROPN
cblr-2937	317	2	243.100(a	243.100(a	NUM
cblr-2937	317	3	)	)	PUNCT
cblr-2937	317	4	,	,	PUNCT
cblr-2937	317	5	(	(	PUNCT
cblr-2937	317	6	b)(2)(iii	b)(2)(iii	PROPN
cblr-2937	317	7	)	)	PUNCT
cblr-2937	317	8	(	(	PUNCT
cblr-2937	317	9	2004	2004	NUM
cblr-2937	317	10	)	)	PUNCT
cblr-2937	317	11	.	.	PUNCT
cblr-2937	318	1	the	the	DET
cblr-2937	318	2	2006	2006	NUM
cblr-2937	318	3	act	act	NOUN
cblr-2937	318	4	directs	direct	VERB
cblr-2937	318	5	nrsros	nrsro	NOUN
cblr-2937	318	6	to	to	PART
cblr-2937	318	7	adopt	adopt	VERB
cblr-2937	318	8	policies	policy	NOUN
cblr-2937	318	9	and	and	CCONJ
cblr-2937	318	10	procedures	procedure	NOUN
cblr-2937	318	11	to	to	PART
cblr-2937	318	12	prevent	prevent	VERB
cblr-2937	318	13	the	the	DET
cblr-2937	318	14	misuse	misuse	NOUN
cblr-2937	318	15	of	of	ADP
cblr-2937	318	16	material	material	NOUN
cblr-2937	318	17	,	,	PUNCT
cblr-2937	318	18	nonpublic	nonpublic	ADJ
cblr-2937	318	19	information	information	NOUN
cblr-2937	318	20	.	.	PUNCT
cblr-2937	319	1	15	15	NUM
cblr-2937	319	2	u.s.c	u.s.c	ADJ
cblr-2937	319	3	.	.	PUNCT
cblr-2937	320	1	§	§	PROPN
cblr-2937	320	2	78o-7(g	78o-7(g	PROPN
cblr-2937	320	3	)	)	PUNCT
cblr-2937	320	4	(	(	PUNCT
cblr-2937	320	5	2008	2008	NUM
cblr-2937	320	6	)	)	PUNCT
cblr-2937	320	7	.	.	PUNCT
cblr-2937	321	1	the	the	DET
cblr-2937	321	2	2006	2006	NUM
cblr-2937	321	3	act	act	NOUN
cblr-2937	321	4	directs	direct	VERB
cblr-2937	321	5	the	the	DET
cblr-2937	321	6	sec	sec	PROPN
cblr-2937	321	7	to	to	PART
cblr-2937	321	8	prohibit	prohibit	VERB
cblr-2937	321	9	particular	particular	ADJ
cblr-2937	321	10	rating	rating	NOUN
cblr-2937	321	11	practices	practice	NOUN
cblr-2937	321	12	if	if	SCONJ
cblr-2937	321	13	it	it	PRON
cblr-2937	321	14	determines	determine	VERB
cblr-2937	321	15	that	that	SCONJ
cblr-2937	321	16	they	they	PRON
cblr-2937	321	17	are	be	AUX
cblr-2937	321	18	coercive	coercive	ADJ
cblr-2937	321	19	,	,	PUNCT
cblr-2937	321	20	15	15	NUM
cblr-2937	321	21	u.s.c	u.s.c	NOUN
cblr-2937	321	22	.	.	PUNCT
cblr-2937	322	1	§	§	PROPN
cblr-2937	322	2	78o-7(i	78o-7(i	NUM
cblr-2937	322	3	)	)	PUNCT
cblr-2937	322	4	,	,	PUNCT
cblr-2937	322	5	and	and	CCONJ
cblr-2937	322	6	calls	call	VERB
cblr-2937	322	7	the	the	DET
cblr-2937	322	8	sec	sec	PROPN
cblr-2937	322	9	's	's	PART
cblr-2937	322	10	attention	attention	NOUN
cblr-2937	322	11	to	to	ADP
cblr-2937	322	12	three	three	NUM
cblr-2937	322	13	generally	generally	ADV
cblr-2937	322	14	tyinglike	tyinglike	ADJ
cblr-2937	322	15	practices	practice	NOUN
cblr-2937	322	16	,	,	PUNCT
cblr-2937	322	17	the	the	DET
cblr-2937	322	18	most	most	ADV
cblr-2937	322	19	controversial	controversial	ADJ
cblr-2937	322	20	of	of	ADP
cblr-2937	322	21	which	which	PRON
cblr-2937	322	22	is	be	AUX
cblr-2937	322	23	"	"	PUNCT
cblr-2937	322	24	notching	notch	VERB
cblr-2937	322	25	"	"	PUNCT
cblr-2937	322	26	:	:	PUNCT
cblr-2937	322	27	lowering	lower	VERB
cblr-2937	322	28	ratings	rating	NOUN
cblr-2937	322	29	on	on	ADP
cblr-2937	322	30	,	,	PUNCT
cblr-2937	322	31	or	or	CCONJ
cblr-2937	322	32	refusing	refuse	VERB
cblr-2937	322	33	to	to	PART
cblr-2937	322	34	rate	rate	VERB
cblr-2937	322	35	,	,	PUNCT
cblr-2937	322	36	assetor	assetor	NOUN
cblr-2937	322	37	mortgage	mortgage	NOUN
cblr-2937	322	38	-	-	PUNCT
cblr-2937	322	39	backed	back	VERB
cblr-2937	322	40	securities	security	NOUN
cblr-2937	322	41	unless	unless	SCONJ
cblr-2937	322	42	a	a	DET
cblr-2937	322	43	portion	portion	NOUN
cblr-2937	322	44	of	of	ADP
cblr-2937	322	45	the	the	DET
cblr-2937	322	46	assets	asset	NOUN
cblr-2937	322	47	in	in	ADP
cblr-2937	322	48	the	the	DET
cblr-2937	322	49	pool	pool	NOUN
cblr-2937	322	50	underlying	underlie	VERB
cblr-2937	322	51	the	the	DET
cblr-2937	322	52	securities	security	NOUN
cblr-2937	322	53	is	be	AUX
cblr-2937	322	54	also	also	ADV
cblr-2937	322	55	rated	rate	VERB
cblr-2937	322	56	by	by	ADP
cblr-2937	322	57	the	the	DET
cblr-2937	322	58	nrsro	nrsro	NOUN
cblr-2937	322	59	.	.	PUNCT
cblr-2937	323	1	after	after	ADP
cblr-2937	323	2	a	a	DET
cblr-2937	323	3	contentious	contentious	ADJ
cblr-2937	323	4	debate	debate	NOUN
cblr-2937	323	5	,	,	PUNCT
cblr-2937	323	6	the	the	DET
cblr-2937	323	7	sec	sec	PROPN
cblr-2937	323	8	ultimately	ultimately	ADV
cblr-2937	323	9	decided	decide	VERB
cblr-2937	323	10	to	to	PART
cblr-2937	323	11	permit	permit	VERB
cblr-2937	323	12	notching	notch	VERB
cblr-2937	323	13	absent	absent	ADJ
cblr-2937	323	14	an	an	DET
cblr-2937	323	15	"	"	PUNCT
cblr-2937	323	16	anticompetitive	anticompetitive	ADJ
cblr-2937	323	17	purpose	purpose	NOUN
cblr-2937	323	18	.	.	PUNCT
cblr-2937	323	19	"	"	PUNCT
cblr-2937	324	1	see	see	VERB
cblr-2937	324	2	sec	sec	PROPN
cblr-2937	324	3	2007	2007	NUM
cblr-2937	324	4	rule	rule	NOUN
cblr-2937	324	5	,	,	PUNCT
cblr-2937	324	6	at	at	ADP
cblr-2937	324	7	33,623	33,623	NUM
cblr-2937	324	8	;	;	PUNCT
cblr-2937	324	9	17	17	NUM
cblr-2937	324	10	c.f.r	c.f.r	NOUN
cblr-2937	324	11	.	.	PUNCT
cblr-2937	325	1	§	§	PROPN
cblr-2937	325	2	240.17g-6(a)(4	240.17g-6(a)(4	NUM
cblr-2937	325	3	)	)	PUNCT
cblr-2937	325	4	.	.	PUNCT
cblr-2937	326	1	8	8	NUM
cblr-2937	326	2	for	for	ADP
cblr-2937	326	3	example	example	NOUN
cblr-2937	326	4	,	,	PUNCT
cblr-2937	326	5	frank	frank	PROPN
cblr-2937	326	6	partnoy	partnoy	PROPN
cblr-2937	326	7	argues	argue	VERB
cblr-2937	326	8	that	that	SCONJ
cblr-2937	326	9	rating	rating	NOUN
cblr-2937	326	10	-	-	PUNCT
cblr-2937	326	11	dependent	dependent	ADJ
cblr-2937	326	12	regulation	regulation	NOUN
cblr-2937	326	13	undermines	undermine	VERB
cblr-2937	326	14	the	the	DET
cblr-2937	326	15	fundamental	fundamental	ADJ
cblr-2937	326	16	empirical	empirical	ADJ
cblr-2937	326	17	validity	validity	NOUN
cblr-2937	326	18	of	of	ADP
cblr-2937	326	19	the	the	DET
cblr-2937	326	20	"	"	PUNCT
cblr-2937	326	21	reputational	reputational	ADJ
cblr-2937	326	22	-	-	PUNCT
cblr-2937	326	23	capital	capital	NOUN
cblr-2937	326	24	"	"	PUNCT
cblr-2937	326	25	model	model	NOUN
cblr-2937	326	26	and	and	CCONJ
cblr-2937	326	27	proposes	propose	VERB
cblr-2937	326	28	an	an	DET
cblr-2937	326	29	alternative	alternative	ADJ
cblr-2937	326	30	model	model	NOUN
cblr-2937	326	31	,	,	PUNCT
cblr-2937	326	32	the	the	DET
cblr-2937	326	33	"	"	PUNCT
cblr-2937	326	34	regulatory	regulatory	ADJ
cblr-2937	326	35	license	license	NOUN
cblr-2937	326	36	"	"	PUNCT
cblr-2937	326	37	model	model	NOUN
cblr-2937	326	38	,	,	PUNCT
cblr-2937	326	39	to	to	PART
cblr-2937	326	40	replace	replace	VERB
cblr-2937	326	41	it	it	PRON
cblr-2937	326	42	.	.	PUNCT
cblr-2937	327	1	see	see	VERB
cblr-2937	327	2	frank	frank	PROPN
cblr-2937	327	3	partnoy	partnoy	PROPN
cblr-2937	327	4	,	,	PUNCT
cblr-2937	327	5	the	the	DET
cblr-2937	327	6	siskel	siskel	PROPN
cblr-2937	327	7	&	&	CCONJ
cblr-2937	327	8	ebert	ebert	PROPN
cblr-2937	327	9	of	of	ADP
cblr-2937	327	10	financial	financial	ADJ
cblr-2937	327	11	markets	market	NOUN
cblr-2937	327	12	?	?	PUNCT
cblr-2937	328	1	:	:	PUNCT
cblr-2937	328	2	two	two	NUM
cblr-2937	328	3	thumbs	thumb	NOUN
cblr-2937	328	4	down	down	ADP
cblr-2937	328	5	for	for	ADP
cblr-2937	328	6	the	the	DET
cblr-2937	328	7	credit	credit	NOUN
cblr-2937	328	8	rating	rating	NOUN
cblr-2937	328	9	agencies	agency	NOUN
cblr-2937	328	10	,	,	PUNCT
cblr-2937	328	11	77	77	NUM
cblr-2937	328	12	wash	wash	NOUN
cblr-2937	328	13	.	.	PUNCT
cblr-2937	329	1	u.	u.	PROPN
cblr-2937	329	2	l.q	l.q	PROPN
cblr-2937	329	3	.	.	PROPN
cblr-2937	329	4	619	619	NUM
cblr-2937	329	5	,	,	PUNCT
cblr-2937	329	6	627	627	NUM
cblr-2937	329	7	-	-	SYM
cblr-2937	329	8	704	704	NUM
cblr-2937	329	9	(	(	PUNCT
cblr-2937	329	10	1999	1999	NUM
cblr-2937	329	11	)	)	PUNCT
cblr-2937	329	12	.	.	PUNCT
cblr-2937	330	1	69	69	NUM
cblr-2937	331	1	the	the	DET
cblr-2937	331	2	rating	rating	NOUN
cblr-2937	331	3	agencies	agency	NOUN
cblr-2937	331	4	argue	argue	VERB
cblr-2937	331	5	that	that	SCONJ
cblr-2937	331	6	the	the	DET
cblr-2937	331	7	potential	potential	ADJ
cblr-2937	331	8	conflict	conflict	NOUN
cblr-2937	331	9	of	of	ADP
cblr-2937	331	10	interest	interest	NOUN
cblr-2937	331	11	created	create	VERB
cblr-2937	331	12	by	by	ADP
cblr-2937	331	13	the	the	DET
cblr-2937	331	14	"	"	PUNCT
cblr-2937	331	15	issuer	issuer	NOUN
cblr-2937	331	16	-	-	PUNCT
cblr-2937	331	17	pays	pay	NOUN
cblr-2937	331	18	"	"	PUNCT
cblr-2937	331	19	business	business	NOUN
cblr-2937	331	20	model	model	NOUN
cblr-2937	331	21	is	be	AUX
cblr-2937	331	22	not	not	PART
cblr-2937	331	23	a	a	DET
cblr-2937	331	24	problem	problem	NOUN
cblr-2937	331	25	at	at	ADV
cblr-2937	331	26	all	all	ADV
cblr-2937	331	27	.	.	PUNCT
cblr-2937	332	1	senate	senate	PROPN
cblr-2937	332	2	cra	cra	PROPN
cblr-2937	332	3	oversight	oversight	NOUN
cblr-2937	332	4	hearings	hearing	NOUN
cblr-2937	332	5	,	,	PUNCT
cblr-2937	332	6	supra	supra	PROPN
cblr-2937	332	7	note	note	PROPN
cblr-2937	332	8	62	62	NUM
cblr-2937	332	9	,	,	PUNCT
cblr-2937	332	10	at	at	ADP
cblr-2937	332	11	10	10	NUM
cblr-2937	332	12	(	(	PUNCT
cblr-2937	332	13	prepared	prepared	ADJ
cblr-2937	332	14	testimony	testimony	NOUN
cblr-2937	332	15	of	of	ADP
cblr-2937	332	16	vickie	vickie	PROPN
cblr-2937	332	17	a.	a.	PROPN
cblr-2937	332	18	tillman	tillman	PROPN
cblr-2937	332	19	,	,	PUNCT
cblr-2937	332	20	executive	executive	ADJ
cblr-2937	332	21	vice	vice	NOUN
cblr-2937	332	22	president	president	NOUN
cblr-2937	332	23	,	,	PUNCT
cblr-2937	332	24	s&p	s&p	PROPN
cblr-2937	332	25	)	)	PUNCT
cblr-2937	332	26	(	(	PUNCT
cblr-2937	332	27	concerns	concern	NOUN
cblr-2937	332	28	about	about	ADP
cblr-2937	332	29	issuerpays	issuerpay	NOUN
cblr-2937	332	30	model	model	NOUN
cblr-2937	332	31	are	be	AUX
cblr-2937	332	32	"	"	PUNCT
cblr-2937	332	33	unfounded	unfounded	ADJ
cblr-2937	332	34	"	"	PUNCT
cblr-2937	332	35	because	because	SCONJ
cblr-2937	332	36	"	"	PUNCT
cblr-2937	332	37	[	[	X
cblr-2937	332	38	n]umerous	n]umerous	ADJ
cblr-2937	332	39	studies	study	NOUN
cblr-2937	332	40	have	have	AUX
cblr-2937	332	41	found	find	VERB
cblr-2937	332	42	that	that	SCONJ
cblr-2937	332	43	any	any	DET
cblr-2937	332	44	potential	potential	ADJ
cblr-2937	332	45	conflicts	conflict	NOUN
cblr-2937	332	46	of	of	ADP
cblr-2937	332	47	interest	interest	NOUN
cblr-2937	332	48	attendant	attendant	NOUN
cblr-2937	332	49	to	to	ADP
cblr-2937	332	50	the	the	DET
cblr-2937	332	51	model	model	NOUN
cblr-2937	332	52	either	either	CCONJ
cblr-2937	332	53	have	have	AUX
cblr-2937	332	54	not	not	PART
cblr-2937	332	55	materialized	materialize	VERB
cblr-2937	332	56	or	or	CCONJ
cblr-2937	332	57	have	have	AUX
cblr-2937	332	58	been	be	AUX
cblr-2937	332	59	effectively	effectively	ADV
cblr-2937	332	60	managed	manage	VERB
cblr-2937	332	61	"	"	PUNCT
cblr-2937	332	62	)	)	PUNCT
cblr-2937	332	63	.	.	PUNCT
cblr-2937	333	1	[	[	X
cblr-2937	333	2	vol	vol	NOUN
cblr-2937	333	3	.	.	PUNCT
cblr-2937	334	1	2009col	2009col	NUM
cblr-2937	334	2	uamia	uamia	NOUN
cblr-2937	334	3	b	b	NOUN
cblr-2937	334	4	usiness	usiness	NOUN
cblr-2937	334	5	la	la	PROPN
cblr-2937	334	6	w	w	PROPN
cblr-2937	334	7	re	re	PROPN
cblr-2937	334	8	vie	vie	PROPN
cblr-2937	334	9	w	w	AUX
cblr-2937	334	10	thus	thus	ADV
cblr-2937	334	11	,	,	PUNCT
cblr-2937	334	12	surveying	survey	VERB
cblr-2937	334	13	these	these	DET
cblr-2937	334	14	discrete	discrete	ADJ
cblr-2937	334	15	issues	issue	NOUN
cblr-2937	334	16	and	and	CCONJ
cblr-2937	334	17	the	the	DET
cblr-2937	334	18	regulatory	regulatory	ADJ
cblr-2937	334	19	approaches	approach	NOUN
cblr-2937	334	20	that	that	PRON
cblr-2937	334	21	have	have	AUX
cblr-2937	334	22	been	be	AUX
cblr-2937	334	23	pursued	pursue	VERB
cblr-2937	334	24	to	to	PART
cblr-2937	334	25	address	address	VERB
cblr-2937	334	26	them	they	PRON
cblr-2937	334	27	is	be	AUX
cblr-2937	334	28	a	a	DET
cblr-2937	334	29	convenient	convenient	ADJ
cblr-2937	334	30	vehicle	vehicle	NOUN
cblr-2937	334	31	for	for	ADP
cblr-2937	334	32	reviewing	review	VERB
cblr-2937	334	33	the	the	DET
cblr-2937	334	34	regulatory	regulatory	ADJ
cblr-2937	334	35	initiatives	initiative	NOUN
cblr-2937	334	36	of	of	ADP
cblr-2937	334	37	the	the	DET
cblr-2937	334	38	last	last	ADJ
cblr-2937	334	39	decade	decade	NOUN
cblr-2937	334	40	and	and	CCONJ
cblr-2937	334	41	for	for	ADP
cblr-2937	334	42	illustrating	illustrate	VERB
cblr-2937	334	43	their	their	PRON
cblr-2937	334	44	fundamental	fundamental	ADJ
cblr-2937	334	45	inadequacy	inadequacy	NOUN
cblr-2937	334	46	.	.	PUNCT
cblr-2937	335	1	because	because	SCONJ
cblr-2937	335	2	regulatory	regulatory	ADJ
cblr-2937	335	3	reform	reform	NOUN
cblr-2937	335	4	efforts	effort	NOUN
cblr-2937	335	5	have	have	AUX
cblr-2937	335	6	focused	focus	VERB
cblr-2937	335	7	almost	almost	ADV
cblr-2937	335	8	exclusively	exclusively	ADV
cblr-2937	335	9	on	on	ADP
cblr-2937	335	10	addressing	address	VERB
cblr-2937	335	11	these	these	DET
cblr-2937	335	12	issues	issue	NOUN
cblr-2937	335	13	,	,	PUNCT
cblr-2937	335	14	regulators	regulator	NOUN
cblr-2937	335	15	by	by	ADP
cblr-2937	335	16	and	and	CCONJ
cblr-2937	335	17	large	large	ADJ
cblr-2937	335	18	have	have	AUX
cblr-2937	335	19	ignored	ignore	VERB
cblr-2937	335	20	the	the	DET
cblr-2937	335	21	possibility	possibility	NOUN
cblr-2937	335	22	that	that	SCONJ
cblr-2937	335	23	reputational	reputational	ADJ
cblr-2937	335	24	constraints	constraint	NOUN
cblr-2937	335	25	on	on	ADP
cblr-2937	335	26	low	low	ADJ
cblr-2937	335	27	quality	quality	NOUN
cblr-2937	335	28	are	be	AUX
cblr-2937	335	29	fundamentally	fundamentally	ADV
cblr-2937	335	30	insufficient	insufficient	ADJ
cblr-2937	335	31	in	in	ADP
cblr-2937	335	32	some	some	DET
cblr-2937	335	33	situations	situation	NOUN
cblr-2937	335	34	-	-	PUNCT
cblr-2937	335	35	such	such	ADJ
cblr-2937	335	36	as	as	ADP
cblr-2937	335	37	in	in	ADP
cblr-2937	335	38	rating	rating	NOUN
cblr-2937	335	39	novel	novel	ADJ
cblr-2937	335	40	financial	financial	ADJ
cblr-2937	335	41	productsand	productsand	NOUN
cblr-2937	335	42	that	that	SCONJ
cblr-2937	335	43	no	no	DET
cblr-2937	335	44	amount	amount	NOUN
cblr-2937	335	45	of	of	ADP
cblr-2937	335	46	tinkering	tinkering	NOUN
cblr-2937	335	47	will	will	AUX
cblr-2937	335	48	cause	cause	VERB
cblr-2937	335	49	the	the	DET
cblr-2937	335	50	reputation	reputation	NOUN
cblr-2937	335	51	mechanism	mechanism	NOUN
cblr-2937	335	52	to	to	PART
cblr-2937	335	53	work	work	VERB
cblr-2937	335	54	in	in	ADP
cblr-2937	335	55	those	those	DET
cblr-2937	335	56	circumstances	circumstance	NOUN
cblr-2937	335	57	.	.	PUNCT
cblr-2937	336	1	1	1	X
cblr-2937	336	2	.	.	X
cblr-2937	336	3	limited	limited	ADJ
cblr-2937	336	4	competition	competition	NOUN
cblr-2937	336	5	the	the	DET
cblr-2937	336	6	rating	rating	NOUN
cblr-2937	336	7	-	-	PUNCT
cblr-2937	336	8	agency	agency	NOUN
cblr-2937	336	9	business	business	NOUN
cblr-2937	336	10	was	be	AUX
cblr-2937	336	11	dominated	dominate	VERB
cblr-2937	336	12	for	for	ADP
cblr-2937	336	13	decades	decade	NOUN
cblr-2937	336	14	by	by	ADP
cblr-2937	336	15	two	two	NUM
cblr-2937	336	16	major	major	ADJ
cblr-2937	336	17	long	long	ADV
cblr-2937	336	18	-	-	PUNCT
cblr-2937	336	19	established	establish	VERB
cblr-2937	336	20	companies	company	NOUN
cblr-2937	336	21	,	,	PUNCT
cblr-2937	336	22	moody	moody	NOUN
cblr-2937	336	23	's	's	PART
cblr-2937	336	24	and	and	CCONJ
cblr-2937	336	25	s&p	s&p	PROPN
cblr-2937	336	26	.	.	PUNCT
cblr-2937	337	1	since	since	SCONJ
cblr-2937	337	2	the	the	DET
cblr-2937	337	3	early	early	ADJ
cblr-2937	337	4	1990s	1990	NOUN
cblr-2937	337	5	,	,	PUNCT
cblr-2937	337	6	fitch	fitch	PROPN
cblr-2937	337	7	,	,	PUNCT
cblr-2937	337	8	which	which	PRON
cblr-2937	337	9	is	be	AUX
cblr-2937	337	10	also	also	ADV
cblr-2937	337	11	a	a	DET
cblr-2937	337	12	long	long	ADV
cblr-2937	337	13	-	-	PUNCT
cblr-2937	337	14	established	establish	VERB
cblr-2937	337	15	incumbent	incumbent	NOUN
cblr-2937	337	16	but	but	CCONJ
cblr-2937	337	17	had	have	AUX
cblr-2937	337	18	been	be	AUX
cblr-2937	337	19	a	a	DET
cblr-2937	337	20	distant	distant	ADJ
cblr-2937	337	21	third	third	NOUN
cblr-2937	337	22	,	,	PUNCT
cblr-2937	337	23	has	have	AUX
cblr-2937	337	24	increased	increase	VERB
cblr-2937	337	25	its	its	PRON
cblr-2937	337	26	market	market	NOUN
cblr-2937	337	27	share	share	NOUN
cblr-2937	337	28	significantly	significantly	ADV
cblr-2937	337	29	-	-	PUNCT
cblr-2937	337	30	in	in	ADP
cblr-2937	337	31	part	part	NOUN
cblr-2937	337	32	through	through	ADP
cblr-2937	337	33	acquisitions	acquisition	NOUN
cblr-2937	337	34	.	.	PUNCT
cblr-2937	337	35	"	"	PUNCT
cblr-2937	338	1	currently	currently	ADV
cblr-2937	338	2	,	,	PUNCT
cblr-2937	338	3	the	the	DET
cblr-2937	338	4	three	three	NUM
cblr-2937	338	5	major	major	ADJ
cblr-2937	338	6	agencies	agency	NOUN
cblr-2937	338	7	have	have	VERB
cblr-2937	338	8	a	a	DET
cblr-2937	338	9	market	market	NOUN
cblr-2937	338	10	share	share	NOUN
cblr-2937	338	11	that	that	PRON
cblr-2937	338	12	is	be	AUX
cblr-2937	338	13	variously	variously	ADV
cblr-2937	338	14	reported	report	VERB
cblr-2937	338	15	at	at	ADP
cblr-2937	338	16	85	85	NUM
cblr-2937	338	17	%	%	NOUN
cblr-2937	338	18	71	71	NUM
cblr-2937	338	19	and	and	CCONJ
cblr-2937	338	20	at	at	ADP
cblr-2937	338	21	more	more	ADJ
cblr-2937	338	22	than	than	ADP
cblr-2937	338	23	99%.72	99%.72	NUM
cblr-2937	338	24	although	although	SCONJ
cblr-2937	338	25	a	a	DET
cblr-2937	338	26	high	high	ADJ
cblr-2937	338	27	degree	degree	NOUN
cblr-2937	338	28	of	of	ADP
cblr-2937	338	29	market	market	NOUN
cblr-2937	338	30	concentration	concentration	NOUN
cblr-2937	338	31	does	do	AUX
cblr-2937	338	32	not	not	PART
cblr-2937	338	33	automatically	automatically	ADV
cblr-2937	338	34	establish	establish	VERB
cblr-2937	338	35	that	that	SCONJ
cblr-2937	338	36	the	the	DET
cblr-2937	338	37	market	market	NOUN
cblr-2937	338	38	is	be	AUX
cblr-2937	338	39	noncompetitive	noncompetitive	ADJ
cblr-2937	338	40	,	,	PUNCT
cblr-2937	338	41	concentration	concentration	NOUN
cblr-2937	338	42	as	as	ADV
cblr-2937	338	43	high	high	ADJ
cblr-2937	338	44	as	as	SCONJ
cblr-2937	338	45	that	that	PRON
cblr-2937	338	46	found	find	VERB
cblr-2937	338	47	in	in	ADP
cblr-2937	338	48	the	the	DET
cblr-2937	338	49	rating	rating	NOUN
cblr-2937	338	50	agency	agency	NOUN
cblr-2937	338	51	market	market	NOUN
cblr-2937	338	52	conventionally	conventionally	ADV
cblr-2937	338	53	is	be	AUX
cblr-2937	338	54	seen	see	VERB
cblr-2937	338	55	as	as	ADP
cblr-2937	338	56	strongly	strongly	ADV
cblr-2937	338	57	suggesting	suggest	VERB
cblr-2937	338	58	that	that	SCONJ
cblr-2937	338	59	70	70	NUM
cblr-2937	338	60	see	see	VERB
cblr-2937	338	61	richard	richard	PROPN
cblr-2937	338	62	tomlinson	tomlinson	PROPN
cblr-2937	338	63	,	,	PUNCT
cblr-2937	338	64	fitch	fitch	PROPN
cblr-2937	338	65	's	's	PART
cblr-2937	338	66	cdo	cdo	ADJ
cblr-2937	338	67	cash	cash	NOUN
cblr-2937	338	68	cow	cow	NOUN
cblr-2937	338	69	,	,	PUNCT
cblr-2937	338	70	bloomberg.com	bloomberg.com	X
cblr-2937	338	71	,	,	PUNCT
cblr-2937	338	72	july	july	PROPN
cblr-2937	338	73	26	26	NUM
cblr-2937	338	74	,	,	PUNCT
cblr-2937	338	75	2007	2007	NUM
cblr-2937	338	76	,	,	PUNCT
cblr-2937	338	77	http://www.bloomberg.com/apps/news?pid=20601510&sid=a	http://www.bloomberg.com/apps/news?pid=20601510&sid=a	X
cblr-2937	338	78	436oaexmgv8&refer	436oaexmgv8&refer	NOUN
cblr-2937	338	79	=	=	SYM
cblr-2937	338	80	markets	market	NOUN
cblr-2937	338	81	mag	mag	INTJ
cblr-2937	338	82	(	(	PUNCT
cblr-2937	338	83	"	"	PUNCT
cblr-2937	338	84	fitch	fitch	NOUN
cblr-2937	338	85	has	have	AUX
cblr-2937	338	86	shot	shoot	VERB
cblr-2937	338	87	ahead	ahead	ADV
cblr-2937	338	88	of	of	ADP
cblr-2937	338	89	smaller	small	ADJ
cblr-2937	338	90	competitors	competitor	NOUN
cblr-2937	338	91	in	in	ADP
cblr-2937	338	92	the	the	DET
cblr-2937	338	93	past	past	ADJ
cblr-2937	338	94	decade	decade	NOUN
cblr-2937	338	95	to	to	PART
cblr-2937	338	96	become	become	VERB
cblr-2937	338	97	the	the	DET
cblr-2937	338	98	world	world	NOUN
cblr-2937	338	99	's	's	PART
cblr-2937	338	100	third	third	ADV
cblr-2937	338	101	-	-	PUNCT
cblr-2937	338	102	largest	large	ADJ
cblr-2937	338	103	rating	rating	NOUN
cblr-2937	338	104	firm	firm	NOUN
cblr-2937	338	105	.	.	PUNCT
cblr-2937	339	1	fimalac	fimalac	PROPN
cblr-2937	339	2	,	,	PUNCT
cblr-2937	339	3	the	the	DET
cblr-2937	339	4	company	company	NOUN
cblr-2937	339	5	's	's	PART
cblr-2937	339	6	owner	owner	NOUN
cblr-2937	339	7	,	,	PUNCT
cblr-2937	339	8	has	have	AUX
cblr-2937	339	9	bought	buy	VERB
cblr-2937	339	10	up	up	ADP
cblr-2937	339	11	smaller	small	ADJ
cblr-2937	339	12	rivals	rival	NOUN
cblr-2937	339	13	.	.	PUNCT
cblr-2937	340	1	fitch	fitch	PROPN
cblr-2937	340	2	,	,	PUNCT
cblr-2937	340	3	with	with	ADP
cblr-2937	340	4	16	16	NUM
cblr-2937	340	5	percent	percent	NOUN
cblr-2937	340	6	of	of	ADP
cblr-2937	340	7	the	the	DET
cblr-2937	340	8	global	global	ADJ
cblr-2937	340	9	credit	credit	NOUN
cblr-2937	340	10	rating	rating	NOUN
cblr-2937	340	11	market	market	NOUN
cblr-2937	340	12	,	,	PUNCT
cblr-2937	340	13	trails	trail	VERB
cblr-2937	340	14	s&p	s&p	PROPN
cblr-2937	340	15	,	,	PUNCT
cblr-2937	340	16	with	with	ADP
cblr-2937	340	17	40	40	NUM
cblr-2937	340	18	percent	percent	NOUN
cblr-2937	340	19	,	,	PUNCT
cblr-2937	340	20	and	and	CCONJ
cblr-2937	340	21	moody	moody	NOUN
cblr-2937	340	22	's	's	PART
cblr-2937	340	23	,	,	PUNCT
cblr-2937	340	24	with	with	ADP
cblr-2937	340	25	39	39	NUM
cblr-2937	340	26	percent	percent	NOUN
cblr-2937	340	27	.	.	PUNCT
cblr-2937	340	28	"	"	PUNCT
cblr-2937	340	29	)	)	PUNCT
cblr-2937	340	30	.	.	PUNCT
cblr-2937	341	1	71	71	NUM
cblr-2937	341	2	iosco	iosco	PROPN
cblr-2937	341	3	cra	cra	PROPN
cblr-2937	341	4	report	report	PROPN
cblr-2937	341	5	,	,	PUNCT
cblr-2937	341	6	supra	supra	PROPN
cblr-2937	341	7	note	note	PROPN
cblr-2937	341	8	36	36	NUM
cblr-2937	341	9	,	,	PUNCT
cblr-2937	341	10	at	at	ADP
cblr-2937	341	11	13	13	NUM
cblr-2937	341	12	.	.	PUNCT
cblr-2937	341	13	72	72	NUM
cblr-2937	341	14	sec	sec	PROPN
cblr-2937	341	15	2008	2008	NUM
cblr-2937	341	16	nrsro	nrsro	ADJ
cblr-2937	341	17	report	report	NOUN
cblr-2937	341	18	,	,	PUNCT
cblr-2937	341	19	supra	supra	PROPN
cblr-2937	341	20	note	note	NOUN
cblr-2937	341	21	4	4	NUM
cblr-2937	341	22	,	,	PUNCT
cblr-2937	341	23	at	at	ADP
cblr-2937	341	24	35	35	NUM
cblr-2937	341	25	;	;	PUNCT
cblr-2937	341	26	see	see	VERB
cblr-2937	341	27	also	also	ADV
cblr-2937	341	28	i	i	PROPN
cblr-2937	341	29	d.	d.	PROPN
cblr-2937	341	30	at	at	ADP
cblr-2937	341	31	35	35	NUM
cblr-2937	341	32	-	-	SYM
cblr-2937	341	33	36	36	NUM
cblr-2937	341	34	(	(	PUNCT
cblr-2937	341	35	reporting	report	VERB
cblr-2937	341	36	herfindahl	herfindahl	NOUN
cblr-2937	341	37	-	-	PUNCT
cblr-2937	341	38	hirschmann	hirschmann	ADJ
cblr-2937	341	39	index	index	NOUN
cblr-2937	341	40	[	[	X
cblr-2937	341	41	hhi	hhi	X
cblr-2937	341	42	]	]	PUNCT
cblr-2937	341	43	for	for	ADP
cblr-2937	341	44	all	all	DET
cblr-2937	341	45	nrsro	nrsro	ADJ
cblr-2937	341	46	ratings	rating	NOUN
cblr-2937	341	47	outstanding	outstanding	ADJ
cblr-2937	341	48	of	of	ADP
cblr-2937	341	49	"	"	PUNCT
cblr-2937	341	50	3,778	3,778	NUM
cblr-2937	341	51	,	,	PUNCT
cblr-2937	341	52	which	which	PRON
cblr-2937	341	53	is	be	AUX
cblr-2937	341	54	the	the	DET
cblr-2937	341	55	equivalent	equivalent	NOUN
cblr-2937	341	56	of	of	ADP
cblr-2937	341	57	...	...	PUNCT
cblr-2937	341	58	2.65	2.65	NUM
cblr-2937	341	59	equally	equally	ADV
cblr-2937	341	60	sized	sized	ADJ
cblr-2937	341	61	firms	firm	NOUN
cblr-2937	341	62	"	"	PUNCT
cblr-2937	341	63	)	)	PUNCT
cblr-2937	341	64	.	.	PUNCT
cblr-2937	342	1	the	the	DET
cblr-2937	342	2	difference	difference	NOUN
cblr-2937	342	3	between	between	ADP
cblr-2937	342	4	the	the	DET
cblr-2937	342	5	sec	sec	PROPN
cblr-2937	342	6	and	and	CCONJ
cblr-2937	342	7	iosco	iosco	NOUN
cblr-2937	342	8	estimates	estimate	NOUN
cblr-2937	342	9	presumably	presumably	ADV
cblr-2937	342	10	reflects	reflect	VERB
cblr-2937	342	11	different	different	ADJ
cblr-2937	342	12	methodologies	methodology	NOUN
cblr-2937	342	13	.	.	PUNCT
cblr-2937	343	1	the	the	DET
cblr-2937	343	2	sec	sec	PROPN
cblr-2937	343	3	number	number	NOUN
cblr-2937	343	4	is	be	AUX
cblr-2937	343	5	based	base	VERB
cblr-2937	343	6	on	on	ADP
cblr-2937	343	7	outstanding	outstanding	ADJ
cblr-2937	343	8	ratings	rating	NOUN
cblr-2937	343	9	(	(	PUNCT
cblr-2937	343	10	no	no	ADV
cblr-2937	343	11	matter	matter	ADV
cblr-2937	343	12	when	when	SCONJ
cblr-2937	343	13	issued	issue	VERB
cblr-2937	343	14	)	)	PUNCT
cblr-2937	343	15	by	by	ADP
cblr-2937	343	16	sec	sec	PROPN
cblr-2937	343	17	-	-	PUNCT
cblr-2937	343	18	recognized	recognize	VERB
cblr-2937	343	19	rating	rating	NOUN
cblr-2937	343	20	agencies	agency	NOUN
cblr-2937	343	21	.	.	PUNCT
cblr-2937	344	1	the	the	DET
cblr-2937	344	2	iosco	iosco	NOUN
cblr-2937	344	3	number	number	NOUN
cblr-2937	344	4	may	may	AUX
cblr-2937	344	5	reflect	reflect	VERB
cblr-2937	344	6	a	a	DET
cblr-2937	344	7	different	different	ADJ
cblr-2937	344	8	time	time	NOUN
cblr-2937	344	9	frame	frame	NOUN
cblr-2937	344	10	or	or	CCONJ
cblr-2937	344	11	set	set	NOUN
cblr-2937	344	12	of	of	ADP
cblr-2937	344	13	agencies	agency	NOUN
cblr-2937	344	14	.	.	PUNCT
cblr-2937	345	1	credit	credit	NOUN
cblr-2937	345	2	ra	ra	PROPN
cblr-2937	345	3	ting	te	VERB
cblr-2937	345	4	a	a	DET
cblr-2937	345	5	genciesno	genciesno	NOUN
cblr-2937	345	6	.	.	PROPN
cblr-2937	346	1	1	1	NUM
cblr-2937	346	2	:	:	SYM
cblr-2937	346	3	109	109	NUM
cblr-2937	346	4	]	]	PUNCT
cblr-2937	346	5	possibility	possibility	NOUN
cblr-2937	346	6	.	.	PUNCT
cblr-2937	346	7	"	"	PUNCT
cblr-2937	347	1	the	the	DET
cblr-2937	347	2	concern	concern	NOUN
cblr-2937	347	3	is	be	AUX
cblr-2937	347	4	exacerbated	exacerbate	VERB
cblr-2937	347	5	by	by	ADP
cblr-2937	347	6	the	the	DET
cblr-2937	347	7	"	"	PUNCT
cblr-2937	347	8	two	two	NUM
cblr-2937	347	9	-	-	PUNCT
cblr-2937	347	10	rating	rating	NOUN
cblr-2937	347	11	norm	norm	NOUN
cblr-2937	347	12	,	,	PUNCT
cblr-2937	347	13	"	"	PUNCT
cblr-2937	347	14	the	the	DET
cblr-2937	347	15	practice	practice	NOUN
cblr-2937	347	16	of	of	ADP
cblr-2937	347	17	receiving	receive	VERB
cblr-2937	347	18	ratings	rating	NOUN
cblr-2937	347	19	from	from	ADP
cblr-2937	347	20	two	two	NUM
cblr-2937	347	21	different	different	ADJ
cblr-2937	347	22	firms	firm	NOUN
cblr-2937	347	23	on	on	ADP
cblr-2937	347	24	each	each	DET
cblr-2937	347	25	issue	issue	NOUN
cblr-2937	347	26	.	.	PUNCT
cblr-2937	348	1	arguing	argue	VERB
cblr-2937	348	2	that	that	SCONJ
cblr-2937	348	3	this	this	DET
cblr-2937	348	4	practice	practice	NOUN
cblr-2937	348	5	means	mean	VERB
cblr-2937	348	6	that	that	SCONJ
cblr-2937	348	7	the	the	DET
cblr-2937	348	8	first	first	ADJ
cblr-2937	348	9	two	two	NUM
cblr-2937	348	10	rating	rating	NOUN
cblr-2937	348	11	firms	firm	NOUN
cblr-2937	348	12	do	do	AUX
cblr-2937	348	13	not	not	PART
cblr-2937	348	14	have	have	VERB
cblr-2937	348	15	to	to	PART
cblr-2937	348	16	compete	compete	VERB
cblr-2937	348	17	at	at	ADV
cblr-2937	348	18	all	all	ADV
cblr-2937	348	19	,	,	PUNCT
cblr-2937	348	20	some	some	PRON
cblr-2937	348	21	have	have	AUX
cblr-2937	348	22	described	describe	VERB
cblr-2937	348	23	the	the	DET
cblr-2937	348	24	credit	credit	NOUN
cblr-2937	348	25	-	-	PUNCT
cblr-2937	348	26	rating	rating	NOUN
cblr-2937	348	27	market	market	NOUN
cblr-2937	348	28	as	as	ADV
cblr-2937	348	29	effectively	effectively	ADV
cblr-2937	348	30	a	a	DET
cblr-2937	348	31	"	"	PUNCT
cblr-2937	348	32	partner	partner	NOUN
cblr-2937	348	33	monopoly	monopoly	NOUN
cblr-2937	348	34	"	"	PUNCT
cblr-2937	348	35	shared	share	VERB
cblr-2937	348	36	by	by	ADP
cblr-2937	348	37	moody	moody	PROPN
cblr-2937	348	38	's	's	PART
cblr-2937	348	39	and	and	CCONJ
cblr-2937	348	40	s&p	s&p	PROPN
cblr-2937	348	41	.	.	PUNCT
cblr-2937	348	42	4	4	NUM
cblr-2937	348	43	in	in	ADP
cblr-2937	348	44	the	the	DET
cblr-2937	348	45	structured	structure	VERB
cblr-2937	348	46	-	-	PUNCT
cblr-2937	348	47	finance	finance	NOUN
cblr-2937	348	48	segment	segment	NOUN
cblr-2937	348	49	,	,	PUNCT
cblr-2937	348	50	all	all	DET
cblr-2937	348	51	three	three	NUM
cblr-2937	348	52	major	major	ADJ
cblr-2937	348	53	agencies	agency	NOUN
cblr-2937	348	54	apparently	apparently	ADV
cblr-2937	348	55	have	have	AUX
cblr-2937	348	56	used	use	VERB
cblr-2937	348	57	generally	generally	ADV
cblr-2937	348	58	similar	similar	ADJ
cblr-2937	348	59	models	model	NOUN
cblr-2937	348	60	,	,	PUNCT
cblr-2937	348	61	albeit	albeit	SCONJ
cblr-2937	348	62	with	with	ADP
cblr-2937	348	63	some	some	DET
cblr-2937	348	64	limited	limited	ADJ
cblr-2937	348	65	agency	agency	NOUN
cblr-2937	348	66	-	-	PUNCT
cblr-2937	348	67	specific	specific	ADJ
cblr-2937	348	68	variation.75	variation.75	NOUN
cblr-2937	348	69	if	if	SCONJ
cblr-2937	348	70	all	all	DET
cblr-2937	348	71	agencies	agency	NOUN
cblr-2937	348	72	'	'	PART
cblr-2937	348	73	models	model	NOUN
cblr-2937	348	74	were	be	AUX
cblr-2937	348	75	indeed	indeed	ADV
cblr-2937	348	76	of	of	ADP
cblr-2937	348	77	low	low	ADJ
cblr-2937	348	78	quality	quality	NOUN
cblr-2937	348	79	for	for	ADP
cblr-2937	348	80	some	some	DET
cblr-2937	348	81	products	product	NOUN
cblr-2937	348	82	,	,	PUNCT
cblr-2937	348	83	that	that	PRON
cblr-2937	348	84	would	would	AUX
cblr-2937	348	85	seem	seem	VERB
cblr-2937	348	86	inconsistent	inconsistent	ADJ
cblr-2937	348	87	with	with	ADP
cblr-2937	348	88	one	one	NUM
cblr-2937	348	89	intuitive	intuitive	ADJ
cblr-2937	348	90	picture	picture	NOUN
cblr-2937	348	91	of	of	ADP
cblr-2937	348	92	a	a	DET
cblr-2937	348	93	highly	highly	ADV
cblr-2937	348	94	competitive	competitive	ADJ
cblr-2937	348	95	market	market	NOUN
cblr-2937	348	96	,	,	PUNCT
cblr-2937	348	97	in	in	ADP
cblr-2937	348	98	which	which	PRON
cblr-2937	348	99	vibrantly	vibrantly	ADV
cblr-2937	348	100	"	"	PUNCT
cblr-2937	348	101	see	see	VERB
cblr-2937	348	102	,	,	PUNCT
cblr-2937	348	103	e.g.	e.g.	ADV
cblr-2937	348	104	,	,	PUNCT
cblr-2937	348	105	u.s	u.s	PROPN
cblr-2937	348	106	.	.	PROPN
cblr-2937	348	107	dep't	dep't	NOUN
cblr-2937	348	108	of	of	ADP
cblr-2937	348	109	justice	justice	PROPN
cblr-2937	348	110	&	&	CCONJ
cblr-2937	348	111	fed	fed	PROPN
cblr-2937	348	112	.	.	PUNCT
cblr-2937	349	1	trade	trade	PROPN
cblr-2937	349	2	comm'n	comm'n	PROPN
cblr-2937	349	3	,	,	PUNCT
cblr-2937	349	4	horizontal	horizontal	ADJ
cblr-2937	349	5	merger	merger	NOUN
cblr-2937	349	6	guidelines	guideline	VERB
cblr-2937	349	7	§	§	PROPN
cblr-2937	349	8	2.0	2.0	NUM
cblr-2937	349	9	(	(	PUNCT
cblr-2937	349	10	1997	1997	NUM
cblr-2937	349	11	)	)	PUNCT
cblr-2937	349	12	(	(	PUNCT
cblr-2937	349	13	"	"	PUNCT
cblr-2937	349	14	other	other	ADJ
cblr-2937	349	15	things	thing	NOUN
cblr-2937	349	16	being	be	AUX
cblr-2937	349	17	equal	equal	ADJ
cblr-2937	349	18	,	,	PUNCT
cblr-2937	349	19	market	market	NOUN
cblr-2937	349	20	concentration	concentration	NOUN
cblr-2937	349	21	affects	affect	VERB
cblr-2937	349	22	the	the	DET
cblr-2937	349	23	likelihood	likelihood	NOUN
cblr-2937	349	24	that	that	SCONJ
cblr-2937	349	25	one	one	NUM
cblr-2937	349	26	firm	firm	NOUN
cblr-2937	349	27	,	,	PUNCT
cblr-2937	349	28	or	or	CCONJ
cblr-2937	349	29	a	a	DET
cblr-2937	349	30	small	small	ADJ
cblr-2937	349	31	group	group	NOUN
cblr-2937	349	32	of	of	ADP
cblr-2937	349	33	firms	firm	NOUN
cblr-2937	349	34	,	,	PUNCT
cblr-2937	349	35	could	could	AUX
cblr-2937	349	36	successfully	successfully	ADV
cblr-2937	349	37	exercise	exercise	VERB
cblr-2937	349	38	market	market	NOUN
cblr-2937	349	39	power	power	NOUN
cblr-2937	349	40	.	.	PUNCT
cblr-2937	349	41	"	"	PUNCT
cblr-2937	349	42	)	)	PUNCT
cblr-2937	349	43	;	;	PUNCT
cblr-2937	349	44	i	i	PROPN
cblr-2937	349	45	d.	d.	PROPN
cblr-2937	349	46	§	§	PROPN
cblr-2937	349	47	1.51	1.51	NUM
cblr-2937	349	48	(	(	PUNCT
cblr-2937	349	49	defining	define	VERB
cblr-2937	349	50	three	three	NUM
cblr-2937	349	51	levels	level	NOUN
cblr-2937	349	52	of	of	ADP
cblr-2937	349	53	market	market	NOUN
cblr-2937	349	54	concentration	concentration	NOUN
cblr-2937	349	55	,	,	PUNCT
cblr-2937	349	56	"	"	PUNCT
cblr-2937	349	57	unconcentrated	unconcentrated	ADJ
cblr-2937	349	58	,	,	PUNCT
cblr-2937	349	59	"	"	PUNCT
cblr-2937	349	60	"	"	PUNCT
cblr-2937	349	61	moderately	moderately	ADV
cblr-2937	349	62	concentrated	concentrate	VERB
cblr-2937	349	63	,	,	PUNCT
cblr-2937	349	64	"	"	PUNCT
cblr-2937	349	65	and	and	CCONJ
cblr-2937	349	66	"	"	PUNCT
cblr-2937	349	67	highly	highly	ADV
cblr-2937	349	68	concentrated	concentrated	ADJ
cblr-2937	349	69	"	"	PUNCT
cblr-2937	349	70	and	and	CCONJ
cblr-2937	349	71	defining	define	VERB
cblr-2937	349	72	"	"	PUNCT
cblr-2937	349	73	highly	highly	ADV
cblr-2937	349	74	concentrated	concentrated	ADJ
cblr-2937	349	75	"	"	PUNCT
cblr-2937	349	76	as	as	ADP
cblr-2937	349	77	those	those	PRON
cblr-2937	349	78	where	where	SCONJ
cblr-2937	349	79	hhi	hhi	NOUN
cblr-2937	349	80	is	be	AUX
cblr-2937	349	81	over	over	ADP
cblr-2937	349	82	1800	1800	NUM
cblr-2937	349	83	-	-	PUNCT
cblr-2937	349	84	less	less	ADJ
cblr-2937	349	85	than	than	ADP
cblr-2937	349	86	half	half	DET
cblr-2937	349	87	the	the	DET
cblr-2937	349	88	hhi	hhi	NOUN
cblr-2937	349	89	of	of	ADP
cblr-2937	349	90	the	the	DET
cblr-2937	349	91	rating	rating	NOUN
cblr-2937	349	92	market	market	NOUN
cblr-2937	349	93	as	as	SCONJ
cblr-2937	349	94	computed	compute	VERB
cblr-2937	349	95	by	by	ADP
cblr-2937	349	96	the	the	DET
cblr-2937	349	97	sec	sec	PROPN
cblr-2937	349	98	)	)	PUNCT
cblr-2937	349	99	.	.	PUNCT
cblr-2937	350	1	74	74	NUM
cblr-2937	350	2	see	see	VERB
cblr-2937	350	3	report	report	NOUN
cblr-2937	350	4	of	of	ADP
cblr-2937	350	5	the	the	DET
cblr-2937	350	6	senate	senate	PROPN
cblr-2937	350	7	committee	committee	PROPN
cblr-2937	350	8	on	on	ADP
cblr-2937	350	9	banking	banking	NOUN
cblr-2937	350	10	,	,	PUNCT
cblr-2937	350	11	housing	housing	NOUN
cblr-2937	350	12	,	,	PUNCT
cblr-2937	350	13	and	and	CCONJ
cblr-2937	350	14	urban	urban	PROPN
cblr-2937	350	15	affairs	affair	NOUN
cblr-2937	350	16	to	to	PART
cblr-2937	350	17	accompany	accompany	VERB
cblr-2937	350	18	s.3850	s.3850	NOUN
cblr-2937	350	19	,	,	PUNCT
cblr-2937	350	20	credit	credit	NOUN
cblr-2937	350	21	rating	rating	NOUN
cblr-2937	350	22	agency	agency	NOUN
cblr-2937	350	23	reform	reform	PROPN
cblr-2937	350	24	act	act	PROPN
cblr-2937	350	25	of	of	ADP
cblr-2937	350	26	2006	2006	NUM
cblr-2937	350	27	,	,	PUNCT
cblr-2937	350	28	s.	s.	PROPN
cblr-2937	350	29	rep	rep	PROPN
cblr-2937	350	30	.	.	PROPN
cblr-2937	350	31	no	no	PROPN
cblr-2937	350	32	.	.	NOUN
cblr-2937	351	1	109	109	NUM
cblr-2937	351	2	-	-	NUM
cblr-2937	351	3	326	326	NUM
cblr-2937	351	4	,	,	PUNCT
cblr-2937	351	5	at	at	ADP
cblr-2937	351	6	5	5	NUM
cblr-2937	351	7	(	(	PUNCT
cblr-2937	351	8	2006	2006	NUM
cblr-2937	351	9	)	)	PUNCT
cblr-2937	351	10	;	;	PUNCT
cblr-2937	351	11	see	see	VERB
cblr-2937	351	12	also	also	ADV
cblr-2937	351	13	hill	hill	PROPN
cblr-2937	351	14	,	,	PUNCT
cblr-2937	351	15	supra	supra	PROPN
cblr-2937	351	16	note	note	NOUN
cblr-2937	351	17	12	12	NUM
cblr-2937	351	18	,	,	PUNCT
cblr-2937	351	19	at	at	ADP
cblr-2937	351	20	63	63	NUM
cblr-2937	351	21	(	(	PUNCT
cblr-2937	351	22	two	two	NUM
cblr-2937	351	23	-	-	PUNCT
cblr-2937	351	24	rating	rating	NOUN
cblr-2937	351	25	norm	norm	NOUN
cblr-2937	351	26	in	in	ADP
cblr-2937	351	27	many	many	ADJ
cblr-2937	351	28	segments	segment	NOUN
cblr-2937	351	29	causes	cause	VERB
cblr-2937	351	30	s&p	s&p	PROPN
cblr-2937	351	31	and	and	CCONJ
cblr-2937	351	32	moody	moody	NOUN
cblr-2937	351	33	's	's	PART
cblr-2937	351	34	not	not	PART
cblr-2937	351	35	to	to	PART
cblr-2937	351	36	compete	compete	VERB
cblr-2937	351	37	in	in	ADP
cblr-2937	351	38	those	those	DET
cblr-2937	351	39	segments	segment	NOUN
cblr-2937	351	40	,	,	PUNCT
cblr-2937	351	41	although	although	SCONJ
cblr-2937	351	42	they	they	PRON
cblr-2937	351	43	do	do	AUX
cblr-2937	351	44	compete	compete	VERB
cblr-2937	351	45	in	in	ADP
cblr-2937	351	46	markets	market	NOUN
cblr-2937	351	47	where	where	SCONJ
cblr-2937	351	48	the	the	DET
cblr-2937	351	49	two	two	NUM
cblr-2937	351	50	-	-	PUNCT
cblr-2937	351	51	rating	rating	NOUN
cblr-2937	351	52	norm	norm	NOUN
cblr-2937	351	53	is	be	AUX
cblr-2937	351	54	absent	absent	ADJ
cblr-2937	351	55	)	)	PUNCT
cblr-2937	351	56	.	.	PUNCT
cblr-2937	352	1	"	"	PUNCT
cblr-2937	352	2	see	see	VERB
cblr-2937	352	3	,	,	PUNCT
cblr-2937	352	4	e.g.	e.g.	ADV
cblr-2937	352	5	,	,	PUNCT
cblr-2937	352	6	ashcraft	ashcraft	PROPN
cblr-2937	352	7	&	&	CCONJ
cblr-2937	352	8	scheuermann	scheuermann	PROPN
cblr-2937	352	9	,	,	PUNCT
cblr-2937	352	10	supra	supra	PROPN
cblr-2937	352	11	note	note	PROPN
cblr-2937	352	12	24	24	NUM
cblr-2937	352	13	,	,	PUNCT
cblr-2937	352	14	at	at	ADP
cblr-2937	352	15	37	37	NUM
cblr-2937	352	16	-	-	SYM
cblr-2937	352	17	38	38	NUM
cblr-2937	352	18	,	,	PUNCT
cblr-2937	352	19	40	40	NUM
cblr-2937	352	20	-	-	SYM
cblr-2937	352	21	43	43	NUM
cblr-2937	352	22	.	.	PUNCT
cblr-2937	353	1	the	the	DET
cblr-2937	353	2	agencies	agency	NOUN
cblr-2937	353	3	also	also	ADV
cblr-2937	353	4	may	may	AUX
cblr-2937	353	5	have	have	AUX
cblr-2937	353	6	given	give	VERB
cblr-2937	353	7	similar	similar	ADJ
cblr-2937	353	8	ratings	rating	NOUN
cblr-2937	353	9	.	.	PUNCT
cblr-2937	354	1	see	see	VERB
cblr-2937	354	2	cifuentes	cifuente	VERB
cblr-2937	354	3	senate	senate	PROPN
cblr-2937	354	4	testimony	testimony	NOUN
cblr-2937	354	5	,	,	PUNCT
cblr-2937	354	6	supra	supra	PROPN
cblr-2937	354	7	note	note	NOUN
cblr-2937	354	8	16	16	NUM
cblr-2937	354	9	,	,	PUNCT
cblr-2937	354	10	at	at	ADP
cblr-2937	354	11	8	8	NUM
cblr-2937	354	12	(	(	PUNCT
cblr-2937	354	13	independent	independent	ADJ
cblr-2937	354	14	study	study	NOUN
cblr-2937	354	15	to	to	PART
cblr-2937	354	16	determine	determine	VERB
cblr-2937	354	17	whether	whether	SCONJ
cblr-2937	354	18	major	major	ADJ
cblr-2937	354	19	-	-	PUNCT
cblr-2937	354	20	agency	agency	NOUN
cblr-2937	354	21	ratings	rating	NOUN
cblr-2937	354	22	are	be	AUX
cblr-2937	354	23	independent	independent	ADJ
cblr-2937	354	24	is	be	AUX
cblr-2937	354	25	a	a	DET
cblr-2937	354	26	"	"	PUNCT
cblr-2937	354	27	much	much	ADV
cblr-2937	354	28	needed	need	VERB
cblr-2937	354	29	exercise	exercise	NOUN
cblr-2937	354	30	"	"	PUNCT
cblr-2937	354	31	)	)	PUNCT
cblr-2937	354	32	;	;	PUNCT
cblr-2937	354	33	house	house	NOUN
cblr-2937	354	34	structured	structure	VERB
cblr-2937	354	35	finance	finance	NOUN
cblr-2937	354	36	hearings	hearing	NOUN
cblr-2937	354	37	,	,	PUNCT
cblr-2937	354	38	supra	supra	PROPN
cblr-2937	354	39	note	note	NOUN
cblr-2937	354	40	57	57	NUM
cblr-2937	354	41	,	,	PUNCT
cblr-2937	354	42	at	at	ADP
cblr-2937	354	43	117	117	NUM
cblr-2937	354	44	-	-	SYM
cblr-2937	354	45	19	19	NUM
cblr-2937	354	46	(	(	PUNCT
cblr-2937	354	47	prepared	prepared	ADJ
cblr-2937	354	48	statement	statement	NOUN
cblr-2937	354	49	of	of	ADP
cblr-2937	354	50	joseph	joseph	PROPN
cblr-2937	354	51	mason	mason	PROPN
cblr-2937	354	52	)	)	PUNCT
cblr-2937	354	53	(	(	PUNCT
cblr-2937	354	54	describing	describe	VERB
cblr-2937	354	55	rating	rating	NOUN
cblr-2937	354	56	-	-	PUNCT
cblr-2937	354	57	agency	agency	NOUN
cblr-2937	354	58	failings	failing	NOUN
cblr-2937	354	59	in	in	ADP
cblr-2937	354	60	terms	term	NOUN
cblr-2937	354	61	of	of	ADP
cblr-2937	354	62	a	a	DET
cblr-2937	354	63	"	"	PUNCT
cblr-2937	354	64	crisis	crisis	NOUN
cblr-2937	354	65	.	.	PUNCT
cblr-2937	354	66	.	.	PUNCT
cblr-2937	355	1	.	.	PUNCT
cblr-2937	356	1	of	of	ADP
cblr-2937	356	2	financial	financial	ADJ
cblr-2937	356	3	engineering	engineering	NOUN
cblr-2937	356	4	"	"	PUNCT
cblr-2937	356	5	without	without	ADP
cblr-2937	356	6	differentiating	differentiate	VERB
cblr-2937	356	7	among	among	ADP
cblr-2937	356	8	agencies	agency	NOUN
cblr-2937	356	9	,	,	PUNCT
cblr-2937	356	10	suggesting	suggest	VERB
cblr-2937	356	11	that	that	SCONJ
cblr-2937	356	12	agencies	agency	NOUN
cblr-2937	356	13	used	use	VERB
cblr-2937	356	14	similar	similar	ADJ
cblr-2937	356	15	allegedly	allegedly	ADV
cblr-2937	356	16	defective	defective	ADJ
cblr-2937	356	17	methodologies	methodology	NOUN
cblr-2937	356	18	)	)	PUNCT
cblr-2937	356	19	.	.	PUNCT
cblr-2937	357	1	the	the	DET
cblr-2937	357	2	same	same	ADJ
cblr-2937	357	3	goes	go	VERB
cblr-2937	357	4	for	for	ADP
cblr-2937	357	5	results	result	NOUN
cblr-2937	357	6	.	.	PUNCT
cblr-2937	358	1	see	see	VERB
cblr-2937	358	2	senate	senate	PROPN
cblr-2937	358	3	turmoil	turmoil	NOUN
cblr-2937	358	4	hearings	hearing	NOUN
cblr-2937	358	5	,	,	PUNCT
cblr-2937	358	6	supra	supra	PROPN
cblr-2937	358	7	note	note	PROPN
cblr-2937	358	8	16	16	NUM
cblr-2937	358	9	,	,	PUNCT
cblr-2937	358	10	at	at	ADP
cblr-2937	358	11	3	3	NUM
cblr-2937	358	12	(	(	PUNCT
cblr-2937	358	13	statement	statement	NOUN
cblr-2937	358	14	of	of	ADP
cblr-2937	358	15	stephen	stephen	PROPN
cblr-2937	358	16	w.	w.	PROPN
cblr-2937	358	17	joynt	joynt	PROPN
cblr-2937	358	18	,	,	PUNCT
cblr-2937	358	19	president	president	PROPN
cblr-2937	358	20	&	&	CCONJ
cblr-2937	358	21	ceo	ceo	PROPN
cblr-2937	358	22	,	,	PUNCT
cblr-2937	358	23	fitch	fitch	PROPN
cblr-2937	358	24	,	,	PUNCT
cblr-2937	358	25	inc	inc	PROPN
cblr-2937	358	26	.	.	PROPN
cblr-2937	358	27	)	)	PUNCT
cblr-2937	359	1	(	(	PUNCT
cblr-2937	359	2	"	"	PUNCT
cblr-2937	359	3	like	like	ADP
cblr-2937	359	4	all	all	DET
cblr-2937	359	5	the	the	DET
cblr-2937	359	6	major	major	ADJ
cblr-2937	359	7	rating	rating	NOUN
cblr-2937	359	8	agencies	agency	NOUN
cblr-2937	359	9	,	,	PUNCT
cblr-2937	359	10	our	our	PRON
cblr-2937	359	11	structured	structured	ADJ
cblr-2937	359	12	finance	finance	NOUN
cblr-2937	359	13	ratings	rating	NOUN
cblr-2937	359	14	have	have	AUX
cblr-2937	359	15	not	not	PART
cblr-2937	359	16	performed	perform	VERB
cblr-2937	359	17	well	well	ADV
cblr-2937	359	18	and	and	CCONJ
cblr-2937	359	19	have	have	AUX
cblr-2937	359	20	been	be	AUX
cblr-2937	359	21	too	too	ADV
cblr-2937	359	22	volatile	volatile	ADJ
cblr-2937	359	23	.	.	PUNCT
cblr-2937	359	24	"	"	PUNCT
cblr-2937	359	25	)	)	PUNCT
cblr-2937	359	26	.	.	PUNCT
cblr-2937	360	1	performance	performance	NOUN
cblr-2937	360	2	comparisons	comparison	NOUN
cblr-2937	360	3	across	across	ADP
cblr-2937	360	4	rating	rating	NOUN
cblr-2937	360	5	agencies	agency	NOUN
cblr-2937	360	6	are	be	AUX
cblr-2937	360	7	not	not	PART
cblr-2937	360	8	easy	easy	ADJ
cblr-2937	360	9	because	because	SCONJ
cblr-2937	360	10	the	the	DET
cblr-2937	360	11	agencies	agency	NOUN
cblr-2937	360	12	report	report	VERB
cblr-2937	360	13	their	their	PRON
cblr-2937	360	14	data	datum	NOUN
cblr-2937	360	15	in	in	ADP
cblr-2937	360	16	different	different	ADJ
cblr-2937	360	17	ways	way	NOUN
cblr-2937	360	18	and	and	CCONJ
cblr-2937	360	19	because	because	SCONJ
cblr-2937	360	20	the	the	DET
cblr-2937	360	21	ratings	rating	NOUN
cblr-2937	360	22	mean	mean	VERB
cblr-2937	360	23	different	different	ADJ
cblr-2937	360	24	things	thing	NOUN
cblr-2937	360	25	,	,	PUNCT
cblr-2937	360	26	see	see	VERB
cblr-2937	360	27	infra	infra	NOUN
cblr-2937	360	28	part	part	NOUN
cblr-2937	360	29	iv.a	iv.a	VERB
cblr-2937	360	30	.	.	PUNCT
cblr-2937	361	1	regulators	regulator	NOUN
cblr-2937	361	2	who	who	PRON
cblr-2937	361	3	have	have	AUX
cblr-2937	361	4	examined	examine	VERB
cblr-2937	361	5	the	the	DET
cblr-2937	361	6	rating	rating	NOUN
cblr-2937	361	7	agencies	agency	NOUN
cblr-2937	361	8	have	have	AUX
cblr-2937	361	9	treated	treat	VERB
cblr-2937	361	10	rating	rating	NOUN
cblr-2937	361	11	problems	problem	NOUN
cblr-2937	361	12	as	as	ADP
cblr-2937	361	13	common	common	ADJ
cblr-2937	361	14	to	to	ADP
cblr-2937	361	15	the	the	DET
cblr-2937	361	16	three	three	NUM
cblr-2937	361	17	major	major	ADJ
cblr-2937	361	18	agencies	agency	NOUN
cblr-2937	361	19	.	.	PUNCT
cblr-2937	362	1	[	[	X
cblr-2937	362	2	vol	vol	NOUN
cblr-2937	362	3	.	.	PUNCT
cblr-2937	363	1	2009col	2009col	NUM
cblr-2937	363	2	umbia	umbia	NOUN
cblr-2937	363	3	b	b	PROPN
cblr-2937	363	4	usiness	usiness	PROPN
cblr-2937	363	5	la	la	PROPN
cblr-2937	363	6	w	w	PROPN
cblr-2937	363	7	re	re	PROPN
cblr-2937	363	8	vie	vie	PROPN
cblr-2937	363	9	w	w	PROPN
cblr-2937	363	10	different	different	ADJ
cblr-2937	363	11	approaches	approach	NOUN
cblr-2937	363	12	are	be	AUX
cblr-2937	363	13	tested	test	VERB
cblr-2937	363	14	in	in	ADP
cblr-2937	363	15	the	the	DET
cblr-2937	363	16	crucible	crucible	NOUN
cblr-2937	363	17	of	of	ADP
cblr-2937	363	18	experience	experience	NOUN
cblr-2937	363	19	with	with	ADP
cblr-2937	363	20	the	the	DET
cblr-2937	363	21	most	most	ADV
cblr-2937	363	22	viable	viable	ADJ
cblr-2937	363	23	ones	one	NOUN
cblr-2937	363	24	winning	win	VERB
cblr-2937	363	25	out.76	out.76	PROPN
cblr-2937	363	26	up	up	ADP
cblr-2937	363	27	until	until	ADP
cblr-2937	363	28	recently	recently	ADV
cblr-2937	363	29	,	,	PUNCT
cblr-2937	363	30	there	there	PRON
cblr-2937	363	31	has	have	AUX
cblr-2937	363	32	been	be	AUX
cblr-2937	363	33	a	a	DET
cblr-2937	363	34	fairly	fairly	ADV
cblr-2937	363	35	obvious	obvious	ADJ
cblr-2937	363	36	regulatory	regulatory	ADJ
cblr-2937	363	37	barrier	barrier	NOUN
cblr-2937	363	38	to	to	ADP
cblr-2937	363	39	entry	entry	NOUN
cblr-2937	363	40	into	into	ADP
cblr-2937	363	41	the	the	DET
cblr-2937	363	42	rating	rating	NOUN
cblr-2937	363	43	market	market	NOUN
cblr-2937	363	44	,	,	PUNCT
cblr-2937	363	45	and	and	CCONJ
cblr-2937	363	46	reducing	reduce	VERB
cblr-2937	363	47	that	that	DET
cblr-2937	363	48	barrier	barrier	NOUN
cblr-2937	363	49	was	be	AUX
cblr-2937	363	50	the	the	DET
cblr-2937	363	51	principal	principal	ADJ
cblr-2937	363	52	focus	focus	NOUN
cblr-2937	363	53	of	of	ADP
cblr-2937	363	54	the	the	DET
cblr-2937	363	55	2006	2006	NUM
cblr-2937	363	56	act	act	NOUN
cblr-2937	363	57	.	.	PUNCT
cblr-2937	364	1	that	that	DET
cblr-2937	364	2	barrier	barrier	NOUN
cblr-2937	364	3	has	have	AUX
cblr-2937	364	4	been	be	AUX
cblr-2937	364	5	the	the	DET
cblr-2937	364	6	sec	sec	PROPN
cblr-2937	364	7	's	's	PART
cblr-2937	364	8	process	process	NOUN
cblr-2937	364	9	for	for	ADP
cblr-2937	364	10	designating	designate	VERB
cblr-2937	364	11	rating	rating	NOUN
cblr-2937	364	12	agencies	agency	NOUN
cblr-2937	364	13	"	"	PUNCT
cblr-2937	364	14	nationally	nationally	ADV
cblr-2937	364	15	recognized	recognize	VERB
cblr-2937	364	16	statistical	statistical	ADJ
cblr-2937	364	17	rating	rating	NOUN
cblr-2937	364	18	organizations	organization	NOUN
cblr-2937	364	19	"	"	PUNCT
cblr-2937	364	20	(	(	PUNCT
cblr-2937	364	21	"	"	PUNCT
cblr-2937	364	22	nrsros	nrsros	PROPN
cblr-2937	364	23	"	"	PUNCT
cblr-2937	364	24	)	)	PUNCT
cblr-2937	364	25	.	.	PUNCT
cblr-2937	365	1	the	the	DET
cblr-2937	365	2	nrsro	nrsro	ADJ
cblr-2937	365	3	designation	designation	NOUN
cblr-2937	365	4	arguably	arguably	ADV
cblr-2937	365	5	is	be	AUX
cblr-2937	365	6	a	a	DET
cblr-2937	365	7	barrier	barrier	NOUN
cblr-2937	365	8	because	because	SCONJ
cblr-2937	365	9	only	only	ADV
cblr-2937	365	10	nrsros	nrsros	PROPN
cblr-2937	365	11	can	can	AUX
cblr-2937	365	12	issue	issue	VERB
cblr-2937	365	13	ratings	rating	NOUN
cblr-2937	365	14	that	that	PRON
cblr-2937	365	15	carry	carry	VERB
cblr-2937	365	16	official	official	ADJ
cblr-2937	365	17	weight	weight	NOUN
cblr-2937	365	18	under	under	ADP
cblr-2937	365	19	sec	sec	PROPN
cblr-2937	365	20	and	and	CCONJ
cblr-2937	365	21	other	other	ADJ
cblr-2937	365	22	agency	agency	NOUN
cblr-2937	365	23	rules.77	rules.77	ADV
cblr-2937	365	24	moreover	moreover	ADV
cblr-2937	365	25	,	,	PUNCT
cblr-2937	365	26	some	some	DET
cblr-2937	365	27	users	user	NOUN
cblr-2937	365	28	might	might	AUX
cblr-2937	365	29	view	view	VERB
cblr-2937	365	30	the	the	DET
cblr-2937	365	31	nrsro	nrsro	ADJ
cblr-2937	365	32	designation	designation	NOUN
cblr-2937	365	33	as	as	ADP
cblr-2937	365	34	the	the	DET
cblr-2937	365	35	mark	mark	NOUN
cblr-2937	365	36	of	of	ADP
cblr-2937	365	37	a	a	DET
cblr-2937	365	38	"	"	PUNCT
cblr-2937	365	39	real	real	ADJ
cblr-2937	365	40	"	"	PUNCT
cblr-2937	365	41	rating	rating	NOUN
cblr-2937	365	42	agency	agency	NOUN
cblr-2937	365	43	.	.	PUNCT
cblr-2937	366	1	the	the	DET
cblr-2937	366	2	sec	sec	PROPN
cblr-2937	366	3	created	create	VERB
cblr-2937	366	4	the	the	DET
cblr-2937	366	5	nrsro	nrsro	ADJ
cblr-2937	366	6	category	category	NOUN
cblr-2937	366	7	in	in	ADP
cblr-2937	366	8	the	the	DET
cblr-2937	366	9	1970s,7	1970s,7	NUM
cblr-2937	366	10	and	and	CCONJ
cblr-2937	366	11	rating	rating	NOUN
cblr-2937	366	12	agencies	agency	NOUN
cblr-2937	366	13	became	became	AUX
cblr-2937	366	14	designated	designate	VERB
cblr-2937	366	15	as	as	ADP
cblr-2937	366	16	nrsros	nrsro	NOUN
cblr-2937	366	17	by	by	ADP
cblr-2937	366	18	a	a	DET
cblr-2937	366	19	"	"	PUNCT
cblr-2937	366	20	no	no	DET
cblr-2937	366	21	-	-	PUNCT
cblr-2937	366	22	action	action	NOUN
cblr-2937	366	23	letter	letter	NOUN
cblr-2937	366	24	"	"	PUNCT
cblr-2937	366	25	process	process	NOUN
cblr-2937	366	26	in	in	ADP
cblr-2937	366	27	which	which	PRON
cblr-2937	366	28	the	the	DET
cblr-2937	366	29	candidate	candidate	NOUN
cblr-2937	366	30	agency	agency	NOUN
cblr-2937	366	31	would	would	AUX
cblr-2937	366	32	submit	submit	VERB
cblr-2937	366	33	an	an	DET
cblr-2937	366	34	application	application	NOUN
cblr-2937	366	35	to	to	ADP
cblr-2937	366	36	the	the	DET
cblr-2937	366	37	sec	sec	PROPN
cblr-2937	366	38	and	and	CCONJ
cblr-2937	366	39	wait	wait	VERB
cblr-2937	366	40	to	to	PART
cblr-2937	366	41	receive	receive	VERB
cblr-2937	366	42	a	a	DET
cblr-2937	366	43	"	"	PUNCT
cblr-2937	366	44	no	no	DET
cblr-2937	366	45	-	-	PUNCT
cblr-2937	366	46	action	action	NOUN
cblr-2937	366	47	letter	letter	NOUN
cblr-2937	366	48	"	"	PUNCT
cblr-2937	366	49	indicating	indicate	VERB
cblr-2937	366	50	that	that	SCONJ
cblr-2937	366	51	the	the	DET
cblr-2937	366	52	agency	agency	NOUN
cblr-2937	366	53	would	would	AUX
cblr-2937	366	54	be	be	AUX
cblr-2937	366	55	treated	treat	VERB
cblr-2937	366	56	as	as	ADP
cblr-2937	366	57	an	an	DET
cblr-2937	366	58	nrsro	nrsro	NOUN
cblr-2937	366	59	.	.	PUNCT
cblr-2937	367	1	apparently	apparently	ADV
cblr-2937	367	2	the	the	DET
cblr-2937	367	3	criteria	criterion	NOUN
cblr-2937	367	4	for	for	ADP
cblr-2937	367	5	this	this	DET
cblr-2937	367	6	determination	determination	NOUN
cblr-2937	367	7	were	be	AUX
cblr-2937	367	8	unclear	unclear	ADJ
cblr-2937	367	9	and	and	CCONJ
cblr-2937	367	10	decisions	decision	NOUN
cblr-2937	367	11	were	be	AUX
cblr-2937	367	12	often	often	ADV
cblr-2937	367	13	a	a	DET
cblr-2937	367	14	long	long	ADJ
cblr-2937	367	15	time	time	NOUN
cblr-2937	367	16	coming	come	VERB
cblr-2937	367	17	.	.	PUNCT
cblr-2937	368	1	9	9	NUM
cblr-2937	368	2	76	76	NUM
cblr-2937	368	3	another	another	DET
cblr-2937	368	4	effect	effect	NOUN
cblr-2937	368	5	of	of	ADP
cblr-2937	368	6	the	the	DET
cblr-2937	368	7	similarity	similarity	NOUN
cblr-2937	368	8	in	in	ADP
cblr-2937	368	9	approaches	approach	NOUN
cblr-2937	368	10	has	have	AUX
cblr-2937	368	11	been	be	AUX
cblr-2937	368	12	that	that	SCONJ
cblr-2937	368	13	an	an	DET
cblr-2937	368	14	"	"	PUNCT
cblr-2937	368	15	investor	investor	NOUN
cblr-2937	368	16	who	who	PRON
cblr-2937	368	17	disagrees	disagree	VERB
cblr-2937	368	18	with	with	ADP
cblr-2937	368	19	the	the	DET
cblr-2937	368	20	rating	rating	NOUN
cblr-2937	368	21	agencies	agency	NOUN
cblr-2937	368	22	[	[	X
cblr-2937	368	23	'	'	X
cblr-2937	368	24	]	]	PUNCT
cblr-2937	368	25	approach	approach	NOUN
cblr-2937	368	26	to	to	ADP
cblr-2937	368	27	structural	structural	ADJ
cblr-2937	368	28	risk	risk	NOUN
cblr-2937	368	29	rating	rating	NOUN
cblr-2937	368	30	is	be	AUX
cblr-2937	368	31	often	often	ADV
cblr-2937	368	32	precluded	preclude	VERB
cblr-2937	368	33	from	from	ADP
cblr-2937	368	34	any	any	DET
cblr-2937	368	35	investments	investment	NOUN
cblr-2937	368	36	in	in	ADP
cblr-2937	368	37	an	an	DET
cblr-2937	368	38	entire	entire	ADJ
cblr-2937	368	39	asset	asset	NOUN
cblr-2937	368	40	class	class	NOUN
cblr-2937	368	41	.	.	PUNCT
cblr-2937	368	42	"	"	PUNCT
cblr-2937	369	1	mason	mason	PROPN
cblr-2937	369	2	&	&	CCONJ
cblr-2937	369	3	rosner	rosner	PROPN
cblr-2937	369	4	,	,	PUNCT
cblr-2937	369	5	supra	supra	PROPN
cblr-2937	369	6	note	note	PROPN
cblr-2937	369	7	25	25	NUM
cblr-2937	369	8	,	,	PUNCT
cblr-2937	369	9	at	at	ADP
cblr-2937	369	10	18	18	NUM
cblr-2937	369	11	.	.	PUNCT
cblr-2937	369	12	71	71	NUM
cblr-2937	369	13	see	see	NOUN
cblr-2937	369	14	infra	infra	NOUN
cblr-2937	369	15	part	part	NOUN
cblr-2937	369	16	iii.b.4	iii.b.4	PROPN
cblr-2937	369	17	.	.	PUNCT
cblr-2937	370	1	78	78	NUM
cblr-2937	370	2	the	the	DET
cblr-2937	370	3	1975	1975	NUM
cblr-2937	370	4	amendments	amendment	NOUN
cblr-2937	370	5	to	to	ADP
cblr-2937	370	6	the	the	DET
cblr-2937	370	7	sec	sec	PROPN
cblr-2937	370	8	's	's	PART
cblr-2937	370	9	net	net	ADJ
cblr-2937	370	10	capital	capital	NOUN
cblr-2937	370	11	rule	rule	NOUN
cblr-2937	370	12	for	for	ADP
cblr-2937	370	13	brokerdealers	brokerdealer	NOUN
cblr-2937	370	14	apparently	apparently	ADV
cblr-2937	370	15	marked	mark	VERB
cblr-2937	370	16	the	the	DET
cblr-2937	370	17	first	first	ADJ
cblr-2937	370	18	appearance	appearance	NOUN
cblr-2937	370	19	of	of	ADP
cblr-2937	370	20	the	the	DET
cblr-2937	370	21	term	term	NOUN
cblr-2937	370	22	"	"	PUNCT
cblr-2937	370	23	nationally	nationally	ADV
cblr-2937	370	24	recognized	recognize	VERB
cblr-2937	370	25	statistical	statistical	ADJ
cblr-2937	370	26	rating	rating	NOUN
cblr-2937	370	27	organization	organization	NOUN
cblr-2937	370	28	.	.	PUNCT
cblr-2937	370	29	"	"	PUNCT
cblr-2937	371	1	see	see	VERB
cblr-2937	371	2	kettering	kettering	PROPN
cblr-2937	371	3	,	,	PUNCT
cblr-2937	371	4	supra	supra	PROPN
cblr-2937	371	5	note	note	PROPN
cblr-2937	371	6	16	16	NUM
cblr-2937	371	7	,	,	PUNCT
cblr-2937	371	8	at	at	ADP
cblr-2937	371	9	1695	1695	NUM
cblr-2937	371	10	;	;	PUNCT
cblr-2937	371	11	securities	security	NOUN
cblr-2937	371	12	exchange	exchange	PROPN
cblr-2937	371	13	act	act	NOUN
cblr-2937	371	14	of	of	ADP
cblr-2937	371	15	1934	1934	NUM
cblr-2937	371	16	rule	rule	VERB
cblr-2937	371	17	15c3	15c3	NUM
cblr-2937	371	18	-	-	SYM
cblr-2937	371	19	1	1	NUM
cblr-2937	371	20	,	,	PUNCT
cblr-2937	371	21	17	17	NUM
cblr-2937	371	22	c.f.r	c.f.r	NOUN
cblr-2937	371	23	.	.	PUNCT
cblr-2937	372	1	§	§	PROPN
cblr-2937	372	2	240.15c3	240.15c3	PROPN
cblr-2937	372	3	-	-	SYM
cblr-2937	372	4	1	1	NUM
cblr-2937	372	5	(	(	PUNCT
cblr-2937	372	6	2008	2008	NUM
cblr-2937	372	7	)	)	PUNCT
cblr-2937	372	8	.	.	PUNCT
cblr-2937	373	1	71	71	NUM
cblr-2937	373	2	see	see	NOUN
cblr-2937	373	3	,	,	PUNCT
cblr-2937	373	4	e.g.	e.g.	ADV
cblr-2937	373	5	,	,	PUNCT
cblr-2937	373	6	examining	examine	VERB
cblr-2937	373	7	the	the	DET
cblr-2937	373	8	role	role	NOUN
cblr-2937	373	9	of	of	ADP
cblr-2937	373	10	credit	credit	NOUN
cblr-2937	373	11	rating	rating	NOUN
cblr-2937	373	12	agencies	agency	NOUN
cblr-2937	373	13	in	in	ADP
cblr-2937	373	14	the	the	DET
cblr-2937	373	15	capital	capital	NOUN
cblr-2937	373	16	markets	market	NOUN
cblr-2937	373	17	:	:	PUNCT
cblr-2937	373	18	hearing	hear	VERB
cblr-2937	373	19	before	before	ADP
cblr-2937	373	20	the	the	DET
cblr-2937	373	21	s.	s.	PROPN
cblr-2937	373	22	comm	comm	NOUN
cblr-2937	373	23	.	.	PUNCT
cblr-2937	374	1	on	on	ADP
cblr-2937	374	2	banking	banking	NOUN
cblr-2937	374	3	,	,	PUNCT
cblr-2937	374	4	housing	housing	PROPN
cblr-2937	374	5	&	&	CCONJ
cblr-2937	374	6	urban	urban	PROPN
cblr-2937	374	7	affairs	affairs	PROPN
cblr-2937	374	8	,	,	PUNCT
cblr-2937	374	9	109th	109th	ADJ
cblr-2937	374	10	cong	cong	NOUN
cblr-2937	374	11	.	.	PUNCT
cblr-2937	374	12	197	197	NUM
cblr-2937	374	13	(	(	PUNCT
cblr-2937	374	14	2005	2005	NUM
cblr-2937	374	15	)	)	PUNCT
cblr-2937	375	1	[	[	X
cblr-2937	375	2	hereinafter	hereinafter	NOUN
cblr-2937	375	3	2005	2005	NUM
cblr-2937	375	4	senate	senate	PROPN
cblr-2937	375	5	cra	cra	PROPN
cblr-2937	375	6	hearings	hearing	NOUN
cblr-2937	375	7	]	]	PUNCT
cblr-2937	375	8	(	(	PUNCT
cblr-2937	375	9	statement	statement	NOUN
cblr-2937	375	10	of	of	ADP
cblr-2937	375	11	kent	kent	PROPN
cblr-2937	375	12	wideman	wideman	PROPN
cblr-2937	375	13	,	,	PUNCT
cblr-2937	375	14	executive	executive	ADJ
cblr-2937	375	15	vice	vice	NOUN
cblr-2937	375	16	president	president	NOUN
cblr-2937	375	17	,	,	PUNCT
cblr-2937	375	18	dominion	dominion	NOUN
cblr-2937	375	19	bond	bond	NOUN
cblr-2937	375	20	rating	rating	NOUN
cblr-2937	375	21	service	service	NOUN
cblr-2937	375	22	)	)	PUNCT
cblr-2937	375	23	(	(	PUNCT
cblr-2937	375	24	"	"	PUNCT
cblr-2937	375	25	[	[	X
cblr-2937	375	26	tihe	tihe	ADJ
cblr-2937	375	27	current	current	ADJ
cblr-2937	375	28	practice	practice	NOUN
cblr-2937	375	29	of	of	ADP
cblr-2937	375	30	designating	designate	VERB
cblr-2937	375	31	such	such	ADJ
cblr-2937	375	32	agencies	agency	NOUN
cblr-2937	375	33	through	through	ADP
cblr-2937	375	34	a	a	DET
cblr-2937	375	35	no	no	DET
cblr-2937	375	36	-	-	PUNCT
cblr-2937	375	37	action	action	NOUN
cblr-2937	375	38	letter	letter	NOUN
cblr-2937	375	39	process	process	NOUN
cblr-2937	375	40	is	be	AUX
cblr-2937	375	41	unnecessarily	unnecessarily	ADV
cblr-2937	375	42	cumbersome	cumbersome	ADJ
cblr-2937	375	43	and	and	CCONJ
cblr-2937	375	44	insufficiently	insufficiently	ADV
cblr-2937	375	45	transparent	transparent	ADJ
cblr-2937	375	46	.	.	PUNCT
cblr-2937	375	47	"	"	PUNCT
cblr-2937	375	48	)	)	PUNCT
cblr-2937	375	49	;	;	PUNCT
cblr-2937	375	50	h.r	h.r	PROPN
cblr-2937	375	51	.	.	PROPN
cblr-2937	375	52	2990	2990	NUM
cblr-2937	375	53	,	,	PUNCT
cblr-2937	375	54	109th	109th	ADJ
cblr-2937	375	55	cong	cong	NOUN
cblr-2937	375	56	.	.	PUNCT
cblr-2937	376	1	(	(	PUNCT
cblr-2937	376	2	2005	2005	NUM
cblr-2937	376	3	)	)	PUNCT
cblr-2937	376	4	;	;	PUNCT
cblr-2937	376	5	the	the	DET
cblr-2937	376	6	credit	credit	NOUN
cblr-2937	376	7	rating	rating	NOUN
cblr-2937	376	8	agency	agency	NOUN
cblr-2937	376	9	duopoly	duopoly	ADJ
cblr-2937	376	10	relief	relief	NOUN
cblr-2937	376	11	act	act	NOUN
cblr-2937	376	12	:	:	PUNCT
cblr-2937	376	13	hearing	hear	VERB
cblr-2937	376	14	before	before	ADP
cblr-2937	376	15	the	the	DET
cblr-2937	376	16	h.	h.	PROPN
cblr-2937	376	17	comm	comm	NOUN
cblr-2937	376	18	.	.	PUNCT
cblr-2937	377	1	on	on	ADP
cblr-2937	377	2	financial	financial	ADJ
cblr-2937	377	3	services	service	NOUN
cblr-2937	377	4	,	,	PUNCT
cblr-2937	377	5	109th	109th	ADJ
cblr-2937	377	6	cong	cong	NOUN
cblr-2937	377	7	.	.	PUNCT
cblr-2937	378	1	21	21	NUM
cblr-2937	378	2	(	(	PUNCT
cblr-2937	378	3	2005	2005	NUM
cblr-2937	378	4	)	)	PUNCT
cblr-2937	378	5	(	(	PUNCT
cblr-2937	378	6	testimony	testimony	NOUN
cblr-2937	378	7	of	of	ADP
cblr-2937	378	8	sean	sean	PROPN
cblr-2937	378	9	egan	egan	PROPN
cblr-2937	378	10	,	,	PUNCT
cblr-2937	378	11	managing	managing	NOUN
cblr-2937	378	12	director	director	NOUN
cblr-2937	378	13	,	,	PUNCT
cblr-2937	378	14	egan	egan	PROPN
cblr-2937	378	15	-	-	PUNCT
cblr-2937	378	16	jones	jones	PROPN
cblr-2937	378	17	rating	rating	PROPN
cblr-2937	378	18	co.	co.	PROPN
cblr-2937	378	19	)	)	PUNCT
cblr-2937	378	20	(	(	PUNCT
cblr-2937	378	21	"	"	PUNCT
cblr-2937	378	22	[	[	X
cblr-2937	378	23	t]he	t]he	ADV
cblr-2937	378	24	current	current	ADJ
cblr-2937	378	25	regulators	regulator	NOUN
cblr-2937	378	26	are	be	AUX
cblr-2937	378	27	n't	not	PART
cblr-2937	378	28	willing	willing	ADJ
cblr-2937	378	29	to	to	PART
cblr-2937	378	30	state	state	VERB
cblr-2937	378	31	what	what	PRON
cblr-2937	378	32	the	the	DET
cblr-2937	378	33	problems	problem	NOUN
cblr-2937	378	34	are	be	AUX
cblr-2937	378	35	[	[	PUNCT
cblr-2937	378	36	with	with	ADP
cblr-2937	378	37	unapproved	unapproved	ADJ
cblr-2937	378	38	no	no	NOUN
cblr-2937	378	39	.	.	PUNCT
cblr-2937	379	1	1:109	1:109	NUM
cblr-2937	379	2	]	]	PUNCT
cblr-2937	379	3	credit	credit	NOUN
cblr-2937	379	4	ra	ra	PROPN
cblr-2937	379	5	ting	ting	PROPN
cblr-2937	379	6	agencies	agencies	PROPN
cblr-2937	379	7	columbia	columbia	PROPN
cblr-2937	379	8	business	business	PROPN
cblr-2937	379	9	law	law	PROPN
cblr-2937	379	10	review	review	VERB
cblr-2937	379	11	the	the	DET
cblr-2937	379	12	regulatory	regulatory	ADJ
cblr-2937	379	13	barrier	barrier	NOUN
cblr-2937	379	14	to	to	ADP
cblr-2937	379	15	entry	entry	NOUN
cblr-2937	379	16	may	may	AUX
cblr-2937	379	17	not	not	PART
cblr-2937	379	18	have	have	AUX
cblr-2937	379	19	been	be	AUX
cblr-2937	379	20	the	the	DET
cblr-2937	379	21	cause	cause	NOUN
cblr-2937	379	22	of	of	ADP
cblr-2937	379	23	high	high	ADJ
cblr-2937	379	24	market	market	NOUN
cblr-2937	379	25	concentration	concentration	NOUN
cblr-2937	379	26	.	.	PUNCT
cblr-2937	380	1	there	there	PRON
cblr-2937	380	2	apparently	apparently	ADV
cblr-2937	380	3	was	be	AUX
cblr-2937	380	4	no	no	DET
cblr-2937	380	5	significant	significant	ADJ
cblr-2937	380	6	market	market	NOUN
cblr-2937	380	7	entry	entry	NOUN
cblr-2937	380	8	between	between	ADP
cblr-2937	380	9	the	the	DET
cblr-2937	380	10	1920s	1920	NOUN
cblr-2937	380	11	and	and	CCONJ
cblr-2937	380	12	the	the	DET
cblr-2937	380	13	1970s	1970	NOUN
cblr-2937	380	14	despite	despite	SCONJ
cblr-2937	380	15	the	the	DET
cblr-2937	380	16	absence	absence	NOUN
cblr-2937	380	17	of	of	ADP
cblr-2937	380	18	the	the	DET
cblr-2937	380	19	nrsro	nrsro	ADJ
cblr-2937	380	20	designation	designation	NOUN
cblr-2937	380	21	.	.	PUNCT
cblr-2937	380	22	0	0	PUNCT
cblr-2937	381	1	after	after	ADP
cblr-2937	381	2	the	the	DET
cblr-2937	381	3	corporate	corporate	ADJ
cblr-2937	381	4	scandals	scandal	NOUN
cblr-2937	381	5	of	of	ADP
cblr-2937	381	6	the	the	DET
cblr-2937	381	7	early	early	ADJ
cblr-2937	381	8	2000s	2000s	NUM
cblr-2937	381	9	,	,	PUNCT
cblr-2937	381	10	the	the	DET
cblr-2937	381	11	sec	sec	PROPN
cblr-2937	381	12	considered	consider	VERB
cblr-2937	381	13	and	and	CCONJ
cblr-2937	381	14	rejected	reject	VERB
cblr-2937	381	15	elimination	elimination	NOUN
cblr-2937	381	16	of	of	ADP
cblr-2937	381	17	the	the	DET
cblr-2937	381	18	category	category	NOUN
cblr-2937	381	19	,	,	PUNCT
cblr-2937	381	20	apparently	apparently	ADV
cblr-2937	381	21	because	because	SCONJ
cblr-2937	381	22	of	of	ADP
cblr-2937	381	23	a	a	DET
cblr-2937	381	24	belief	belief	NOUN
cblr-2937	381	25	that	that	SCONJ
cblr-2937	381	26	rating	rating	NOUN
cblr-2937	381	27	-	-	PUNCT
cblr-2937	381	28	dependent	dependent	ADJ
cblr-2937	381	29	regulation	regulation	NOUN
cblr-2937	381	30	could	could	AUX
cblr-2937	381	31	not	not	PART
cblr-2937	381	32	function	function	VERB
cblr-2937	381	33	without	without	ADP
cblr-2937	381	34	a	a	DET
cblr-2937	381	35	regulatory	regulatory	ADJ
cblr-2937	381	36	process	process	NOUN
cblr-2937	381	37	for	for	ADP
cblr-2937	381	38	keeping	keep	VERB
cblr-2937	381	39	out	out	ADP
cblr-2937	381	40	"	"	PUNCT
cblr-2937	381	41	fly	fly	VERB
cblr-2937	381	42	-	-	PUNCT
cblr-2937	381	43	bynight	bynight	NOUN
cblr-2937	381	44	"	"	PUNCT
cblr-2937	381	45	rating	rating	NOUN
cblr-2937	381	46	agencies.8	agencies.8	PROPN
cblr-2937	381	47	'	'	PUNCT
cblr-2937	381	48	congress	congress	NOUN
cblr-2937	381	49	,	,	PUNCT
cblr-2937	381	50	however	however	ADV
cblr-2937	381	51	,	,	PUNCT
cblr-2937	381	52	took	take	VERB
cblr-2937	381	53	aim	aim	NOUN
cblr-2937	381	54	at	at	ADP
cblr-2937	381	55	the	the	DET
cblr-2937	381	56	regulatory	regulatory	ADJ
cblr-2937	381	57	barrier	barrier	NOUN
cblr-2937	381	58	-	-	PUNCT
cblr-2937	381	59	already	already	ADV
cblr-2937	381	60	a	a	DET
cblr-2937	381	61	target	target	NOUN
cblr-2937	381	62	of	of	ADP
cblr-2937	381	63	scholars	scholar	NOUN
cblr-2937	381	64	"	"	PUNCT
cblr-2937	381	65	2	2	NUM
cblr-2937	381	66	-	-	PUNCT
cblr-2937	381	67	in	in	ADP
cblr-2937	381	68	the	the	DET
cblr-2937	381	69	2006	2006	NUM
cblr-2937	381	70	act	act	NOUN
cblr-2937	381	71	.	.	PUNCT
cblr-2937	382	1	the	the	DET
cblr-2937	382	2	act	act	NOUN
cblr-2937	382	3	established	establish	VERB
cblr-2937	382	4	substantively	substantively	ADV
cblr-2937	382	5	undemanding	undemanding	ADJ
cblr-2937	382	6	criteria	criterion	NOUN
cblr-2937	382	7	for	for	ADP
cblr-2937	382	8	registration	registration	NOUN
cblr-2937	382	9	as	as	ADP
cblr-2937	382	10	an	an	DET
cblr-2937	382	11	nrsro	nrsro	NOUN
cblr-2937	382	12	and	and	CCONJ
cblr-2937	382	13	subjected	subject	VERB
cblr-2937	382	14	the	the	DET
cblr-2937	382	15	sec	sec	PROPN
cblr-2937	382	16	to	to	ADP
cblr-2937	382	17	a	a	DET
cblr-2937	382	18	strict	strict	ADJ
cblr-2937	382	19	timetable	timetable	NOUN
cblr-2937	382	20	for	for	ADP
cblr-2937	382	21	granting	grant	VERB
cblr-2937	382	22	nrsro	nrsro	ADJ
cblr-2937	382	23	recognition	recognition	NOUN
cblr-2937	382	24	.	.	PUNCT
cblr-2937	382	25	"	"	PUNCT
cblr-2937	383	1	the	the	DET
cblr-2937	383	2	sec	sec	PROPN
cblr-2937	383	3	adopted	adopt	VERB
cblr-2937	383	4	rules	rule	NOUN
cblr-2937	383	5	under	under	ADP
cblr-2937	383	6	these	these	DET
cblr-2937	383	7	directives	directive	NOUN
cblr-2937	383	8	in	in	ADP
cblr-2937	383	9	june	june	PROPN
cblr-2937	383	10	2007.84	2007.84	NUM
cblr-2937	383	11	nrsro	nrsro	ADJ
cblr-2937	383	12	applications	application	NOUN
cblr-2937	383	13	]	]	PUNCT
cblr-2937	383	14	,	,	PUNCT
cblr-2937	383	15	why	why	SCONJ
cblr-2937	383	16	the	the	DET
cblr-2937	383	17	[	[	X
cblr-2937	383	18	]	]	X
cblr-2937	383	19	applications	application	NOUN
cblr-2937	383	20	have	have	AUX
cblr-2937	383	21	n't	not	PART
cblr-2937	383	22	been	be	AUX
cblr-2937	383	23	approved	approve	VERB
cblr-2937	383	24	or	or	CCONJ
cblr-2937	383	25	disapproved	disapprove	VERB
cblr-2937	383	26	,	,	PUNCT
cblr-2937	383	27	or	or	CCONJ
cblr-2937	383	28	what	what	PRON
cblr-2937	383	29	even	even	ADV
cblr-2937	383	30	the	the	DET
cblr-2937	383	31	status	status	NOUN
cblr-2937	383	32	of	of	ADP
cblr-2937	383	33	the	the	DET
cblr-2937	383	34	application	application	NOUN
cblr-2937	383	35	is	be	AUX
cblr-2937	383	36	.	.	PUNCT
cblr-2937	383	37	"	"	PUNCT
cblr-2937	383	38	)	)	PUNCT
cblr-2937	383	39	.	.	PUNCT
cblr-2937	384	1	80	80	NUM
cblr-2937	384	2	john	john	PROPN
cblr-2937	384	3	c.	c.	PROPN
cblr-2937	384	4	coffee	coffee	PROPN
cblr-2937	384	5	,	,	PUNCT
cblr-2937	384	6	jr	jr	PROPN
cblr-2937	384	7	.	.	PROPN
cblr-2937	384	8	,	,	PUNCT
cblr-2937	384	9	gatekeepers	gatekeeper	NOUN
cblr-2937	384	10	:	:	PUNCT
cblr-2937	384	11	the	the	DET
cblr-2937	384	12	professions	profession	NOUN
cblr-2937	384	13	and	and	CCONJ
cblr-2937	384	14	corporate	corporate	ADJ
cblr-2937	384	15	governance	governance	NOUN
cblr-2937	384	16	294	294	NUM
cblr-2937	384	17	(	(	PUNCT
cblr-2937	384	18	2006	2006	NUM
cblr-2937	384	19	)	)	PUNCT
cblr-2937	384	20	;	;	PUNCT
cblr-2937	384	21	hill	hill	NOUN
cblr-2937	384	22	,	,	PUNCT
cblr-2937	384	23	supra	supra	PROPN
cblr-2937	384	24	note	note	PROPN
cblr-2937	384	25	12	12	NUM
cblr-2937	384	26	,	,	PUNCT
cblr-2937	384	27	at	at	ADP
cblr-2937	384	28	62	62	NUM
cblr-2937	384	29	-	-	SYM
cblr-2937	384	30	63	63	NUM
cblr-2937	384	31	.	.	PUNCT
cblr-2937	385	1	81	81	NUM
cblr-2937	385	2	sec	sec	PROPN
cblr-2937	385	3	sox	sox	PROPN
cblr-2937	385	4	report	report	NOUN
cblr-2937	385	5	,	,	PUNCT
cblr-2937	385	6	supra	supra	PROPN
cblr-2937	385	7	note	note	VERB
cblr-2937	385	8	50	50	NUM
cblr-2937	385	9	,	,	PUNCT
cblr-2937	385	10	at	at	ADP
cblr-2937	385	11	24	24	NUM
cblr-2937	385	12	;	;	PUNCT
cblr-2937	385	13	hill	hill	NOUN
cblr-2937	385	14	,	,	PUNCT
cblr-2937	385	15	supra	supra	PROPN
cblr-2937	385	16	note	note	PROPN
cblr-2937	385	17	12	12	NUM
cblr-2937	385	18	,	,	PUNCT
cblr-2937	385	19	at	at	ADP
cblr-2937	385	20	44	44	NUM
cblr-2937	385	21	.	.	PUNCT
cblr-2937	386	1	82	82	NUM
cblr-2937	386	2	see	see	VERB
cblr-2937	386	3	claire	claire	PROPN
cblr-2937	386	4	a.	a.	PROPN
cblr-2937	386	5	hill	hill	PROPN
cblr-2937	386	6	,	,	PUNCT
cblr-2937	386	7	rating	rating	NOUN
cblr-2937	386	8	agencies	agency	NOUN
cblr-2937	386	9	behaving	behave	VERB
cblr-2937	386	10	badly	badly	ADV
cblr-2937	386	11	:	:	PUNCT
cblr-2937	386	12	the	the	DET
cblr-2937	386	13	case	case	NOUN
cblr-2937	386	14	of	of	ADP
cblr-2937	386	15	enron	enron	PROPN
cblr-2937	386	16	,	,	PUNCT
cblr-2937	386	17	35	35	NUM
cblr-2937	386	18	conn	conn	NOUN
cblr-2937	386	19	.	.	PUNCT
cblr-2937	387	1	l.	l.	PROPN
cblr-2937	387	2	rev	rev	PROPN
cblr-2937	387	3	.	.	PROPN
cblr-2937	387	4	1145	1145	NUM
cblr-2937	387	5	,	,	PUNCT
cblr-2937	387	6	1152	1152	NUM
cblr-2937	387	7	(	(	PUNCT
cblr-2937	387	8	2003	2003	NUM
cblr-2937	387	9	)	)	PUNCT
cblr-2937	387	10	(	(	PUNCT
cblr-2937	387	11	"	"	PUNCT
cblr-2937	387	12	the	the	DET
cblr-2937	387	13	obvious	obvious	ADJ
cblr-2937	387	14	place	place	NOUN
cblr-2937	387	15	to	to	PART
cblr-2937	387	16	start	start	VERB
cblr-2937	387	17	[	[	X
cblr-2937	387	18	with	with	ADP
cblr-2937	387	19	rating	rating	NOUN
cblr-2937	387	20	agency	agency	NOUN
cblr-2937	387	21	reform	reform	NOUN
cblr-2937	387	22	]	]	PUNCT
cblr-2937	387	23	is	be	AUX
cblr-2937	387	24	the	the	DET
cblr-2937	387	25	government	government	NOUN
cblr-2937	387	26	-	-	PUNCT
cblr-2937	387	27	created	create	VERB
cblr-2937	387	28	(	(	PUNCT
cblr-2937	387	29	or	or	CCONJ
cblr-2937	387	30	at	at	ADP
cblr-2937	387	31	least	least	ADJ
cblr-2937	387	32	government	government	NOUN
cblr-2937	387	33	-	-	PUNCT
cblr-2937	387	34	strengthened	strengthen	VERB
cblr-2937	387	35	)	)	PUNCT
cblr-2937	387	36	near	near	ADP
cblr-2937	387	37	-	-	PUNCT
cblr-2937	387	38	duopoly	duopoly	ADJ
cblr-2937	387	39	.	.	PUNCT
cblr-2937	388	1	"	"	PUNCT
cblr-2937	388	2	)	)	PUNCT
cblr-2937	388	3	;	;	PUNCT
cblr-2937	388	4	hill	hill	NOUN
cblr-2937	388	5	,	,	PUNCT
cblr-2937	388	6	supra	supra	PROPN
cblr-2937	388	7	note	note	PROPN
cblr-2937	388	8	12	12	NUM
cblr-2937	388	9	,	,	PUNCT
cblr-2937	388	10	at	at	ADP
cblr-2937	388	11	44	44	NUM
cblr-2937	388	12	(	(	PUNCT
cblr-2937	388	13	"	"	PUNCT
cblr-2937	388	14	the	the	DET
cblr-2937	388	15	main	main	ADJ
cblr-2937	388	16	problems	problem	NOUN
cblr-2937	388	17	regulatory	regulatory	ADJ
cblr-2937	388	18	change	change	NOUN
cblr-2937	388	19	could	could	AUX
cblr-2937	388	20	address	address	VERB
cblr-2937	388	21	are	be	AUX
cblr-2937	388	22	those	those	PRON
cblr-2937	388	23	resulting	result	VERB
cblr-2937	388	24	from	from	ADP
cblr-2937	388	25	market	market	NOUN
cblr-2937	388	26	concentration	concentration	NOUN
cblr-2937	388	27	in	in	ADP
cblr-2937	388	28	the	the	DET
cblr-2937	388	29	rating	rating	NOUN
cblr-2937	388	30	agency	agency	NOUN
cblr-2937	388	31	industry	industry	NOUN
cblr-2937	388	32	.	.	PUNCT
cblr-2937	388	33	"	"	PUNCT
cblr-2937	388	34	)	)	PUNCT
cblr-2937	388	35	;	;	PUNCT
cblr-2937	388	36	i	i	PRON
cblr-2937	388	37	d.	d.	PROPN
cblr-2937	388	38	at	at	ADP
cblr-2937	388	39	45	45	NUM
cblr-2937	388	40	.	.	PUNCT
cblr-2937	389	1	applicants	applicant	NOUN
cblr-2937	389	2	for	for	ADP
cblr-2937	389	3	registration	registration	NOUN
cblr-2937	389	4	must	must	AUX
cblr-2937	389	5	provide	provide	VERB
cblr-2937	389	6	"	"	PUNCT
cblr-2937	389	7	credit	credit	NOUN
cblr-2937	389	8	ratings	rating	NOUN
cblr-2937	389	9	performance	performance	NOUN
cblr-2937	389	10	measurement	measurement	NOUN
cblr-2937	389	11	statistics	statistic	NOUN
cblr-2937	389	12	over	over	ADP
cblr-2937	389	13	short	short	ADJ
cblr-2937	389	14	-	-	PUNCT
cblr-2937	389	15	term	term	NOUN
cblr-2937	389	16	,	,	PUNCT
cblr-2937	389	17	mid	mid	ADJ
cblr-2937	389	18	-	-	NOUN
cblr-2937	389	19	term	term	NOUN
cblr-2937	389	20	,	,	PUNCT
cblr-2937	389	21	and	and	CCONJ
cblr-2937	389	22	longterm	longterm	NOUN
cblr-2937	389	23	periods	period	NOUN
cblr-2937	389	24	,	,	PUNCT
cblr-2937	389	25	"	"	PUNCT
cblr-2937	389	26	15	15	NUM
cblr-2937	389	27	u.s.c	u.s.c	NOUN
cblr-2937	389	28	.	.	PUNCT
cblr-2937	390	1	§	§	PROPN
cblr-2937	390	2	78o-7(a)(1)(b)(i	78o-7(a)(1)(b)(i	NUM
cblr-2937	390	3	)	)	PUNCT
cblr-2937	390	4	(	(	PUNCT
cblr-2937	390	5	2008	2008	NUM
cblr-2937	390	6	)	)	PUNCT
cblr-2937	391	1	,	,	PUNCT
cblr-2937	391	2	describe	describe	VERB
cblr-2937	391	3	"	"	PUNCT
cblr-2937	391	4	the	the	DET
cblr-2937	391	5	procedures	procedure	NOUN
cblr-2937	391	6	and	and	CCONJ
cblr-2937	391	7	methodologies	methodology	NOUN
cblr-2937	391	8	that	that	PRON
cblr-2937	391	9	the	the	DET
cblr-2937	391	10	applicant	applicant	NOUN
cblr-2937	391	11	uses	use	VERB
cblr-2937	391	12	in	in	ADP
cblr-2937	391	13	determining	determine	VERB
cblr-2937	391	14	credit	credit	NOUN
cblr-2937	391	15	ratings	rating	NOUN
cblr-2937	391	16	,	,	PUNCT
cblr-2937	391	17	"	"	PUNCT
cblr-2937	391	18	15	15	NUM
cblr-2937	391	19	u.s.c	u.s.c	NOUN
cblr-2937	391	20	.	.	PUNCT
cblr-2937	392	1	§	§	PROPN
cblr-2937	392	2	78o-7(a)(1)(b)(ii	78o-7(a)(1)(b)(ii	NUM
cblr-2937	392	3	)	)	PUNCT
cblr-2937	392	4	,	,	PUNCT
cblr-2937	392	5	and	and	CCONJ
cblr-2937	392	6	provide	provide	VERB
cblr-2937	392	7	certifications	certification	NOUN
cblr-2937	392	8	from	from	ADP
cblr-2937	392	9	at	at	ADV
cblr-2937	392	10	least	least	ADV
cblr-2937	392	11	ten	ten	NUM
cblr-2937	392	12	unaffiliated	unaffiliated	ADJ
cblr-2937	392	13	qualified	qualified	ADJ
cblr-2937	392	14	institutional	institutional	ADJ
cblr-2937	392	15	buyers	buyer	NOUN
cblr-2937	392	16	,	,	PUNCT
cblr-2937	392	17	with	with	ADP
cblr-2937	392	18	each	each	DET
cblr-2937	392	19	certification	certification	NOUN
cblr-2937	392	20	indicating	indicate	VERB
cblr-2937	392	21	that	that	SCONJ
cblr-2937	392	22	the	the	DET
cblr-2937	392	23	buyer	buyer	NOUN
cblr-2937	392	24	has	have	AUX
cblr-2937	392	25	"	"	PUNCT
cblr-2937	392	26	used	use	VERB
cblr-2937	392	27	the	the	DET
cblr-2937	392	28	credit	credit	NOUN
cblr-2937	392	29	ratings	rating	NOUN
cblr-2937	392	30	of	of	ADP
cblr-2937	392	31	the	the	DET
cblr-2937	392	32	applicant	applicant	NOUN
cblr-2937	392	33	for	for	ADP
cblr-2937	392	34	at	at	ADV
cblr-2937	392	35	least	least	ADJ
cblr-2937	392	36	the	the	DET
cblr-2937	392	37	3	3	NUM
cblr-2937	392	38	years	year	NOUN
cblr-2937	392	39	immediately	immediately	ADV
cblr-2937	392	40	preceding	precede	VERB
cblr-2937	392	41	the	the	DET
cblr-2937	392	42	date	date	NOUN
cblr-2937	392	43	of	of	ADP
cblr-2937	392	44	the	the	DET
cblr-2937	392	45	certification	certification	NOUN
cblr-2937	392	46	.	.	PUNCT
cblr-2937	392	47	"	"	PUNCT
cblr-2937	393	1	15	15	NUM
cblr-2937	393	2	u.s.c	u.s.c	NOUN
cblr-2937	393	3	.	.	PUNCT
cblr-2937	394	1	88	88	NUM
cblr-2937	394	2	78o-7(a)(1)(c)(i	78o-7(a)(1)(c)(i	NUM
cblr-2937	394	3	)	)	PUNCT
cblr-2937	394	4	,	,	PUNCT
cblr-2937	394	5	(	(	PUNCT
cblr-2937	394	6	a)(1)(c)(iv)(ii	a)(1)(c)(iv)(ii	PROPN
cblr-2937	394	7	)	)	PUNCT
cblr-2937	394	8	.	.	PUNCT
cblr-2937	395	1	the	the	DET
cblr-2937	395	2	commission	commission	NOUN
cblr-2937	395	3	is	be	AUX
cblr-2937	395	4	required	require	VERB
cblr-2937	395	5	to	to	PART
cblr-2937	395	6	act	act	VERB
cblr-2937	395	7	within	within	ADP
cblr-2937	395	8	ninety	ninety	NUM
cblr-2937	395	9	days	day	NOUN
cblr-2937	395	10	of	of	ADP
cblr-2937	395	11	the	the	DET
cblr-2937	395	12	application	application	NOUN
cblr-2937	395	13	for	for	ADP
cblr-2937	395	14	registration	registration	NOUN
cblr-2937	395	15	,	,	PUNCT
cblr-2937	395	16	and	and	CCONJ
cblr-2937	395	17	is	be	AUX
cblr-2937	395	18	to	to	PART
cblr-2937	395	19	grant	grant	VERB
cblr-2937	395	20	registration	registration	NOUN
cblr-2937	395	21	or	or	CCONJ
cblr-2937	395	22	institute	institute	NOUN
cblr-2937	395	23	proceedings	proceeding	NOUN
cblr-2937	395	24	to	to	PART
cblr-2937	395	25	determine	determine	VERB
cblr-2937	395	26	whether	whether	SCONJ
cblr-2937	395	27	registration	registration	NOUN
cblr-2937	395	28	should	should	AUX
cblr-2937	395	29	be	be	AUX
cblr-2937	395	30	denied	deny	VERB
cblr-2937	395	31	.	.	PUNCT
cblr-2937	396	1	15	15	NUM
cblr-2937	396	2	u.s.c	u.s.c	ADJ
cblr-2937	396	3	.	.	PUNCT
cblr-2937	397	1	§	§	PROPN
cblr-2937	397	2	78o-7(a)(2)(a	78o-7(a)(2)(a	NOUN
cblr-2937	397	3	)	)	PUNCT
cblr-2937	397	4	.	.	PUNCT
cblr-2937	398	1	such	such	ADJ
cblr-2937	398	2	proceedings	proceeding	NOUN
cblr-2937	398	3	must	must	AUX
cblr-2937	398	4	be	be	AUX
cblr-2937	398	5	concluded	conclude	VERB
cblr-2937	398	6	within	within	ADP
cblr-2937	398	7	120	120	NUM
cblr-2937	398	8	days	day	NOUN
cblr-2937	398	9	of	of	ADP
cblr-2937	398	10	the	the	DET
cblr-2937	398	11	application	application	NOUN
cblr-2937	398	12	date	date	NOUN
cblr-2937	398	13	unless	unless	SCONJ
cblr-2937	398	14	the	the	DET
cblr-2937	398	15	sec	sec	PROPN
cblr-2937	398	16	extends	extend	VERB
cblr-2937	398	17	the	the	DET
cblr-2937	398	18	deadline	deadline	NOUN
cblr-2937	398	19	for	for	ADP
cblr-2937	398	20	good	good	ADJ
cblr-2937	398	21	cause	cause	NOUN
cblr-2937	398	22	.	.	PUNCT
cblr-2937	399	1	the	the	DET
cblr-2937	399	2	extension	extension	NOUN
cblr-2937	399	3	may	may	AUX
cblr-2937	399	4	not	not	PART
cblr-2937	399	5	exceed	exceed	VERB
cblr-2937	399	6	ninety	ninety	NUM
cblr-2937	399	7	days	day	NOUN
cblr-2937	399	8	.	.	PUNCT
cblr-2937	400	1	15	15	NUM
cblr-2937	400	2	u.s.c	u.s.c	NOUN
cblr-2937	400	3	.	.	PUNCT
cblr-2937	401	1	§	§	PROPN
cblr-2937	401	2	§	§	PROPN
cblr-2937	401	3	78o-7(a)(2)(b)(i)(ii	78o-7(a)(2)(b)(i)(ii	NUM
cblr-2937	401	4	)	)	PUNCT
cblr-2937	401	5	,	,	PUNCT
cblr-2937	401	6	(	(	PUNCT
cblr-2937	401	7	a)(2)(b)(iii	a)(2)(b)(iii	PROPN
cblr-2937	401	8	)	)	PUNCT
cblr-2937	401	9	.	.	PUNCT
cblr-2937	402	1	applications	application	NOUN
cblr-2937	402	2	that	that	PRON
cblr-2937	402	3	contain	contain	VERB
cblr-2937	402	4	the	the	DET
cblr-2937	402	5	prescribed	prescribed	ADJ
cblr-2937	402	6	information	information	NOUN
cblr-2937	402	7	are	be	AUX
cblr-2937	402	8	to	to	PART
cblr-2937	402	9	be	be	AUX
cblr-2937	402	10	granted	grant	VERB
cblr-2937	402	11	unless	unless	SCONJ
cblr-2937	402	12	the	the	DET
cblr-2937	402	13	commission	commission	NOUN
cblr-2937	402	14	determines	determine	VERB
cblr-2937	402	15	that	that	SCONJ
cblr-2937	402	16	(	(	PUNCT
cblr-2937	402	17	a	a	X
cblr-2937	402	18	)	)	PUNCT
cblr-2937	402	19	"	"	PUNCT
cblr-2937	402	20	the	the	DET
cblr-2937	402	21	applicant	applicant	NOUN
cblr-2937	402	22	does	do	AUX
cblr-2937	402	23	not	not	PART
cblr-2937	402	24	have	have	VERB
cblr-2937	403	1	adequate	adequate	ADJ
cblr-2937	403	2	financial	financial	ADJ
cblr-2937	403	3	and	and	CCONJ
cblr-2937	403	4	[	[	X
cblr-2937	403	5	vol	vol	NOUN
cblr-2937	403	6	.	.	PUNCT
cblr-2937	403	7	2009	2009	NUM
cblr-2937	404	1	the	the	DET
cblr-2937	404	2	sec	sec	PROPN
cblr-2937	404	3	's	's	PART
cblr-2937	404	4	proposed	propose	VERB
cblr-2937	404	5	actions	action	NOUN
cblr-2937	404	6	in	in	ADP
cblr-2937	404	7	response	response	NOUN
cblr-2937	404	8	to	to	ADP
cblr-2937	404	9	the	the	DET
cblr-2937	404	10	crisis	crisis	NOUN
cblr-2937	404	11	continued	continue	VERB
cblr-2937	404	12	the	the	DET
cblr-2937	404	13	agency	agency	NOUN
cblr-2937	404	14	's	's	PART
cblr-2937	404	15	emphasis	emphasis	NOUN
cblr-2937	404	16	on	on	ADP
cblr-2937	404	17	increasing	increase	VERB
cblr-2937	404	18	competition	competition	NOUN
cblr-2937	404	19	as	as	ADP
cblr-2937	404	20	the	the	DET
cblr-2937	404	21	solution	solution	NOUN
cblr-2937	404	22	to	to	ADP
cblr-2937	404	23	the	the	DET
cblr-2937	404	24	rating	rating	NOUN
cblr-2937	404	25	market	market	NOUN
cblr-2937	404	26	's	's	PART
cblr-2937	404	27	ills	ill	NOUN
cblr-2937	404	28	.	.	PUNCT
cblr-2937	405	1	in	in	ADP
cblr-2937	405	2	june	june	PROPN
cblr-2937	405	3	2008	2008	NUM
cblr-2937	405	4	,	,	PUNCT
cblr-2937	405	5	the	the	DET
cblr-2937	405	6	commission	commission	NOUN
cblr-2937	405	7	proposed	propose	VERB
cblr-2937	405	8	that	that	SCONJ
cblr-2937	405	9	information	information	NOUN
cblr-2937	405	10	provided	provide	VERB
cblr-2937	405	11	to	to	ADP
cblr-2937	405	12	an	an	DET
cblr-2937	405	13	nrsro	nrsro	NOUN
cblr-2937	405	14	in	in	ADP
cblr-2937	405	15	the	the	DET
cblr-2937	405	16	rating	rating	NOUN
cblr-2937	405	17	process	process	NOUN
cblr-2937	405	18	for	for	ADP
cblr-2937	405	19	structured	structured	ADJ
cblr-2937	405	20	products	product	NOUN
cblr-2937	405	21	be	be	AUX
cblr-2937	405	22	publicly	publicly	ADV
cblr-2937	405	23	disclosed	disclose	VERB
cblr-2937	405	24	so	so	SCONJ
cblr-2937	405	25	that	that	SCONJ
cblr-2937	405	26	other	other	ADJ
cblr-2937	405	27	agencies	agency	NOUN
cblr-2937	405	28	would	would	AUX
cblr-2937	405	29	have	have	VERB
cblr-2937	405	30	the	the	DET
cblr-2937	405	31	opportunity	opportunity	NOUN
cblr-2937	405	32	to	to	PART
cblr-2937	405	33	rate	rate	VERB
cblr-2937	405	34	the	the	DET
cblr-2937	405	35	same	same	ADJ
cblr-2937	405	36	instrument	instrument	NOUN
cblr-2937	405	37	.	.	PUNCT
cblr-2937	406	1	"	"	PUNCT
cblr-2937	406	2	'	'	PUNCT
cblr-2937	406	3	it	it	PRON
cblr-2937	406	4	also	also	ADV
cblr-2937	406	5	proposed	propose	VERB
cblr-2937	406	6	to	to	PART
cblr-2937	406	7	reduce	reduce	VERB
cblr-2937	406	8	references	reference	NOUN
cblr-2937	406	9	to	to	ADP
cblr-2937	406	10	the	the	DET
cblr-2937	406	11	nrsro	nrsro	ADJ
cblr-2937	406	12	status	status	NOUN
cblr-2937	406	13	in	in	ADP
cblr-2937	406	14	its	its	PRON
cblr-2937	406	15	rules,86	rules,86	NOUN
cblr-2937	406	16	reducing	reduce	VERB
cblr-2937	406	17	the	the	DET
cblr-2937	406	18	effect	effect	NOUN
cblr-2937	406	19	of	of	ADP
cblr-2937	406	20	any	any	DET
cblr-2937	406	21	remaining	remain	VERB
cblr-2937	406	22	barrier	barrier	NOUN
cblr-2937	406	23	to	to	ADP
cblr-2937	406	24	entry	entry	NOUN
cblr-2937	406	25	,	,	PUNCT
cblr-2937	406	26	and	and	CCONJ
cblr-2937	406	27	to	to	PART
cblr-2937	406	28	require	require	VERB
cblr-2937	406	29	the	the	DET
cblr-2937	406	30	agencies	agency	NOUN
cblr-2937	406	31	to	to	PART
cblr-2937	406	32	disclose	disclose	VERB
cblr-2937	406	33	more	more	ADJ
cblr-2937	406	34	performance	performance	NOUN
cblr-2937	406	35	information	information	NOUN
cblr-2937	406	36	so	so	SCONJ
cblr-2937	406	37	that	that	SCONJ
cblr-2937	406	38	investors	investor	NOUN
cblr-2937	406	39	could	could	AUX
cblr-2937	406	40	more	more	ADV
cblr-2937	406	41	easily	easily	ADV
cblr-2937	406	42	determine	determine	VERB
cblr-2937	406	43	how	how	SCONJ
cblr-2937	406	44	well	well	ADV
cblr-2937	406	45	agencies	agency	NOUN
cblr-2937	406	46	perform.87	perform.87	VERB
cblr-2937	406	47	by	by	ADP
cblr-2937	406	48	january	january	PROPN
cblr-2937	406	49	2009	2009	NUM
cblr-2937	406	50	,	,	PUNCT
cblr-2937	406	51	the	the	DET
cblr-2937	406	52	sec	sec	PROPN
cblr-2937	406	53	had	have	AUX
cblr-2937	406	54	adopted	adopt	VERB
cblr-2937	406	55	only	only	ADV
cblr-2937	406	56	the	the	DET
cblr-2937	406	57	last	last	ADJ
cblr-2937	406	58	of	of	ADP
cblr-2937	406	59	these	these	DET
cblr-2937	406	60	proposals	proposal	NOUN
cblr-2937	406	61	(	(	PUNCT
cblr-2937	406	62	and	and	CCONJ
cblr-2937	406	63	that	that	SCONJ
cblr-2937	406	64	only	only	ADV
cblr-2937	406	65	in	in	ADP
cblr-2937	406	66	a	a	DET
cblr-2937	406	67	sharply	sharply	ADV
cblr-2937	406	68	limited	limited	ADJ
cblr-2937	406	69	version	version	NOUN
cblr-2937	406	70	requiring	require	VERB
cblr-2937	406	71	disclosure	disclosure	NOUN
cblr-2937	406	72	of	of	ADP
cblr-2937	406	73	information	information	NOUN
cblr-2937	406	74	about	about	ADP
cblr-2937	406	75	a	a	DET
cblr-2937	406	76	random	random	ADJ
cblr-2937	406	77	sample	sample	NOUN
cblr-2937	406	78	of	of	ADP
cblr-2937	406	79	10	10	NUM
cblr-2937	406	80	%	%	NOUN
cblr-2937	406	81	of	of	ADP
cblr-2937	406	82	ratings),88	ratings),88	NOUN
cblr-2937	406	83	underscoring	underscore	VERB
cblr-2937	406	84	managerial	managerial	ADJ
cblr-2937	406	85	resources	resource	NOUN
cblr-2937	406	86	to	to	PART
cblr-2937	406	87	consistently	consistently	ADV
cblr-2937	406	88	produce	produce	VERB
cblr-2937	406	89	credit	credit	NOUN
cblr-2937	406	90	ratings	rating	NOUN
cblr-2937	406	91	with	with	ADP
cblr-2937	406	92	integrity	integrity	NOUN
cblr-2937	406	93	and	and	CCONJ
cblr-2937	406	94	to	to	PART
cblr-2937	406	95	materially	materially	ADV
cblr-2937	406	96	comply	comply	VERB
cblr-2937	406	97	"	"	PUNCT
cblr-2937	406	98	with	with	ADP
cblr-2937	406	99	the	the	DET
cblr-2937	406	100	rating	rating	NOUN
cblr-2937	406	101	procedures	procedure	NOUN
cblr-2937	406	102	it	it	PRON
cblr-2937	406	103	says	say	VERB
cblr-2937	406	104	it	it	PRON
cblr-2937	406	105	follows	follow	VERB
cblr-2937	406	106	or	or	CCONJ
cblr-2937	406	107	(	(	PUNCT
cblr-2937	406	108	b	b	X
cblr-2937	406	109	)	)	PUNCT
cblr-2937	406	110	the	the	DET
cblr-2937	406	111	applicant	applicant	NOUN
cblr-2937	406	112	or	or	CCONJ
cblr-2937	406	113	person	person	NOUN
cblr-2937	406	114	controlling	control	VERB
cblr-2937	406	115	the	the	DET
cblr-2937	406	116	applicant	applicant	NOUN
cblr-2937	406	117	has	have	AUX
cblr-2937	406	118	been	be	AUX
cblr-2937	406	119	convicted	convict	VERB
cblr-2937	406	120	of	of	ADP
cblr-2937	406	121	a	a	DET
cblr-2937	406	122	felony	felony	NOUN
cblr-2937	406	123	or	or	CCONJ
cblr-2937	406	124	has	have	AUX
cblr-2937	406	125	been	be	AUX
cblr-2937	406	126	punished	punish	VERB
cblr-2937	406	127	for	for	ADP
cblr-2937	406	128	committing	commit	VERB
cblr-2937	406	129	certain	certain	ADJ
cblr-2937	406	130	securities	security	NOUN
cblr-2937	406	131	violations	violation	NOUN
cblr-2937	406	132	.	.	PUNCT
cblr-2937	407	1	15	15	NUM
cblr-2937	407	2	u.s.c	u.s.c	NOUN
cblr-2937	407	3	.	.	PUNCT
cblr-2937	408	1	§	§	PROPN
cblr-2937	408	2	78o-7(a)(2)(c)(ii)(ii	78o-7(a)(2)(c)(ii)(ii	NUM
cblr-2937	408	3	)	)	PUNCT
cblr-2937	408	4	,	,	PUNCT
cblr-2937	408	5	(	(	PUNCT
cblr-2937	408	6	d	d	NOUN
cblr-2937	408	7	)	)	PUNCT
cblr-2937	408	8	.	.	PUNCT
cblr-2937	409	1	see	see	VERB
cblr-2937	409	2	sec	sec	PROPN
cblr-2937	409	3	2007	2007	NUM
cblr-2937	409	4	rule	rule	NOUN
cblr-2937	409	5	,	,	PUNCT
cblr-2937	409	6	supra	supra	PROPN
cblr-2937	409	7	note	note	PROPN
cblr-2937	409	8	67	67	NUM
cblr-2937	409	9	.	.	NOUN
cblr-2937	409	10	85	85	NUM
cblr-2937	409	11	see	see	VERB
cblr-2937	409	12	sec	sec	PROPN
cblr-2937	409	13	june	june	PROPN
cblr-2937	409	14	16	16	NUM
cblr-2937	409	15	proposal	proposal	NOUN
cblr-2937	409	16	,	,	PUNCT
cblr-2937	409	17	supra	supra	PROPN
cblr-2937	409	18	note	note	PROPN
cblr-2937	409	19	56	56	NUM
cblr-2937	409	20	,	,	PUNCT
cblr-2937	409	21	at	at	ADP
cblr-2937	409	22	36,251	36,251	NUM
cblr-2937	409	23	;	;	PUNCT
cblr-2937	409	24	sec	sec	PROPN
cblr-2937	409	25	2008	2008	NUM
cblr-2937	409	26	nrsro	nrsro	ADJ
cblr-2937	409	27	report	report	NOUN
cblr-2937	409	28	,	,	PUNCT
cblr-2937	409	29	supra	supra	PROPN
cblr-2937	409	30	note	note	NOUN
cblr-2937	409	31	4	4	NUM
cblr-2937	409	32	,	,	PUNCT
cblr-2937	409	33	at	at	ADP
cblr-2937	409	34	41	41	NUM
cblr-2937	409	35	-	-	SYM
cblr-2937	409	36	42	42	NUM
cblr-2937	409	37	.	.	PUNCT
cblr-2937	410	1	88	88	NUM
cblr-2937	410	2	see	see	VERB
cblr-2937	410	3	sec	sec	PROPN
cblr-2937	410	4	july	july	PROPN
cblr-2937	410	5	1	1	NUM
cblr-2937	410	6	proposal	proposal	NOUN
cblr-2937	410	7	,	,	PUNCT
cblr-2937	410	8	supra	supra	PROPN
cblr-2937	410	9	note	note	PROPN
cblr-2937	410	10	56	56	NUM
cblr-2937	410	11	,	,	PUNCT
cblr-2937	410	12	at	at	ADP
cblr-2937	410	13	40,088	40,088	NUM
cblr-2937	410	14	(	(	PUNCT
cblr-2937	410	15	"	"	PUNCT
cblr-2937	410	16	the	the	DET
cblr-2937	410	17	commission	commission	NOUN
cblr-2937	410	18	believes	believe	VERB
cblr-2937	410	19	that	that	SCONJ
cblr-2937	410	20	today	today	NOUN
cblr-2937	410	21	's	's	PART
cblr-2937	410	22	proposals	proposal	NOUN
cblr-2937	410	23	could	could	AUX
cblr-2937	410	24	reduce	reduce	VERB
cblr-2937	410	25	undue	undue	ADJ
cblr-2937	410	26	reliance	reliance	NOUN
cblr-2937	410	27	on	on	ADP
cblr-2937	410	28	credit	credit	NOUN
cblr-2937	410	29	ratings	rating	NOUN
cblr-2937	410	30	and	and	CCONJ
cblr-2937	410	31	result	result	VERB
cblr-2937	410	32	in	in	ADP
cblr-2937	410	33	improvements	improvement	NOUN
cblr-2937	410	34	in	in	ADP
cblr-2937	410	35	the	the	DET
cblr-2937	410	36	analysis	analysis	NOUN
cblr-2937	410	37	that	that	PRON
cblr-2937	410	38	underlies	underlie	VERB
cblr-2937	410	39	investment	investment	NOUN
cblr-2937	410	40	decisions	decision	NOUN
cblr-2937	410	41	.	.	PUNCT
cblr-2937	410	42	"	"	PUNCT
cblr-2937	410	43	)	)	PUNCT
cblr-2937	410	44	.	.	PUNCT
cblr-2937	411	1	87	87	NUM
cblr-2937	411	2	see	see	VERB
cblr-2937	411	3	sec	sec	PROPN
cblr-2937	411	4	june	june	PROPN
cblr-2937	411	5	16	16	NUM
cblr-2937	411	6	proposal	proposal	NOUN
cblr-2937	411	7	,	,	PUNCT
cblr-2937	411	8	supra	supra	PROPN
cblr-2937	411	9	note	note	PROPN
cblr-2937	411	10	56	56	NUM
cblr-2937	411	11	,	,	PUNCT
cblr-2937	411	12	at	at	ADP
cblr-2937	411	13	36,251	36,251	NUM
cblr-2937	411	14	-	-	SYM
cblr-2937	411	15	52	52	NUM
cblr-2937	411	16	;	;	PUNCT
cblr-2937	411	17	sec	sec	PROPN
cblr-2937	411	18	2008	2008	NUM
cblr-2937	411	19	nrsro	nrsro	ADJ
cblr-2937	411	20	report	report	NOUN
cblr-2937	411	21	,	,	PUNCT
cblr-2937	411	22	supra	supra	PROPN
cblr-2937	411	23	note	note	NOUN
cblr-2937	411	24	4	4	NUM
cblr-2937	411	25	,	,	PUNCT
cblr-2937	411	26	at	at	ADP
cblr-2937	411	27	42	42	NUM
cblr-2937	411	28	.	.	NOUN
cblr-2937	411	29	8	8	NUM
cblr-2937	411	30	see	see	VERB
cblr-2937	411	31	amendments	amendment	NOUN
cblr-2937	411	32	to	to	ADP
cblr-2937	411	33	rules	rule	NOUN
cblr-2937	411	34	for	for	ADP
cblr-2937	411	35	nationally	nationally	ADV
cblr-2937	411	36	recognized	recognize	VERB
cblr-2937	411	37	statistical	statistical	ADJ
cblr-2937	411	38	rating	rating	NOUN
cblr-2937	411	39	organizations	organization	NOUN
cblr-2937	411	40	,	,	PUNCT
cblr-2937	411	41	exchange	exchange	NOUN
cblr-2937	411	42	act	act	NOUN
cblr-2937	411	43	release	release	VERB
cblr-2937	411	44	no	no	NOUN
cblr-2937	411	45	.	.	NOUN
cblr-2937	411	46	34	34	NUM
cblr-2937	411	47	-	-	SYM
cblr-2937	411	48	59342	59342	NUM
cblr-2937	411	49	,	,	PUNCT
cblr-2937	411	50	at	at	ADP
cblr-2937	411	51	102	102	NUM
cblr-2937	411	52	-	-	SYM
cblr-2937	411	53	03	03	NUM
cblr-2937	411	54	,	,	PUNCT
cblr-2937	411	55	(	(	PUNCT
cblr-2937	411	56	feb	feb	X
cblr-2937	411	57	.	.	PROPN
cblr-2937	411	58	2	2	NUM
cblr-2937	411	59	,	,	PUNCT
cblr-2937	411	60	2009	2009	NUM
cblr-2937	411	61	)	)	PUNCT
cblr-2937	411	62	,	,	PUNCT
cblr-2937	411	63	available	available	ADJ
cblr-2937	411	64	at	at	ADP
cblr-2937	411	65	http://www.sec.gov/rules/final/2009/3459342.pdf	http://www.sec.gov/rules/final/2009/3459342.pdf	PROPN
cblr-2937	411	66	(	(	PUNCT
cblr-2937	411	67	to	to	PART
cblr-2937	411	68	be	be	AUX
cblr-2937	411	69	codified	codify	VERB
cblr-2937	411	70	at	at	ADP
cblr-2937	411	71	17	17	NUM
cblr-2937	411	72	c.f.r	c.f.r	NOUN
cblr-2937	411	73	.	.	PUNCT
cblr-2937	412	1	§	§	PROPN
cblr-2937	412	2	240.17g-2(d	240.17g-2(d	NUM
cblr-2937	412	3	)	)	PUNCT
cblr-2937	412	4	)	)	PUNCT
cblr-2937	413	1	(	(	PUNCT
cblr-2937	413	2	requiring	require	VERB
cblr-2937	413	3	nrsros	nrsro	NOUN
cblr-2937	413	4	to	to	PART
cblr-2937	413	5	make	make	VERB
cblr-2937	413	6	and	and	CCONJ
cblr-2937	413	7	keep	keep	VERB
cblr-2937	413	8	available	available	ADJ
cblr-2937	413	9	ratings	rating	NOUN
cblr-2937	413	10	action	action	NOUN
cblr-2937	413	11	information	information	NOUN
cblr-2937	413	12	for	for	ADP
cblr-2937	413	13	10	10	NUM
cblr-2937	413	14	%	%	NOUN
cblr-2937	413	15	of	of	ADP
cblr-2937	413	16	ratings	rating	NOUN
cblr-2937	413	17	in	in	ADP
cblr-2937	413	18	each	each	DET
cblr-2937	413	19	class	class	NOUN
cblr-2937	413	20	of	of	ADP
cblr-2937	413	21	credit	credit	NOUN
cblr-2937	413	22	rating	rating	NOUN
cblr-2937	413	23	for	for	ADP
cblr-2937	413	24	which	which	PRON
cblr-2937	413	25	it	it	PRON
cblr-2937	413	26	maintains	maintain	VERB
cblr-2937	413	27	500	500	NUM
cblr-2937	413	28	or	or	CCONJ
cblr-2937	413	29	more	more	ADJ
cblr-2937	413	30	ratings	rating	NOUN
cblr-2937	413	31	paid	pay	VERB
cblr-2937	413	32	for	for	ADP
cblr-2937	413	33	by	by	ADP
cblr-2937	413	34	the	the	DET
cblr-2937	413	35	issuer	issuer	NOUN
cblr-2937	413	36	,	,	PUNCT
cblr-2937	413	37	underwriter	underwriter	NOUN
cblr-2937	413	38	,	,	PUNCT
cblr-2937	413	39	or	or	CCONJ
cblr-2937	413	40	sponsor	sponsor	NOUN
cblr-2937	413	41	,	,	PUNCT
cblr-2937	413	42	subject	subject	ADJ
cblr-2937	413	43	to	to	ADP
cblr-2937	413	44	a	a	DET
cblr-2937	413	45	six	six	NUM
cblr-2937	413	46	-	-	PUNCT
cblr-2937	413	47	month	month	NOUN
cblr-2937	413	48	lag	lag	NOUN
cblr-2937	413	49	)	)	PUNCT
cblr-2937	413	50	.	.	PUNCT
cblr-2937	414	1	the	the	DET
cblr-2937	414	2	sec	sec	PROPN
cblr-2937	414	3	also	also	ADV
cblr-2937	414	4	now	now	ADV
cblr-2937	414	5	requires	require	VERB
cblr-2937	414	6	each	each	DET
cblr-2937	414	7	nrsro	nrsro	ADJ
cblr-2937	414	8	to	to	PART
cblr-2937	414	9	furnish	furnish	VERB
cblr-2937	414	10	an	an	DET
cblr-2937	414	11	unaudited	unaudited	ADJ
cblr-2937	414	12	report	report	NOUN
cblr-2937	414	13	of	of	ADP
cblr-2937	414	14	the	the	DET
cblr-2937	414	15	number	number	NOUN
cblr-2937	414	16	of	of	ADP
cblr-2937	414	17	ratings	rating	NOUN
cblr-2937	414	18	actions	action	NOUN
cblr-2937	414	19	it	it	PRON
cblr-2937	414	20	takes	take	VERB
cblr-2937	414	21	in	in	ADP
cblr-2937	414	22	each	each	DET
cblr-2937	414	23	rating	rating	NOUN
cblr-2937	414	24	class	class	NOUN
cblr-2937	414	25	,	,	PUNCT
cblr-2937	414	26	i	i	PRON
cblr-2937	414	27	d.	d.	VERB
cblr-2937	414	28	at	at	ADP
cblr-2937	414	29	104	104	NUM
cblr-2937	414	30	(	(	PUNCT
cblr-2937	414	31	to	to	PART
cblr-2937	414	32	be	be	AUX
cblr-2937	414	33	codified	codify	VERB
cblr-2937	414	34	at	at	ADP
cblr-2937	414	35	17	17	NUM
cblr-2937	414	36	c.f.r	c.f.r	NOUN
cblr-2937	414	37	.	.	PUNCT
cblr-2937	415	1	§	§	PROPN
cblr-2937	415	2	240.17g-3(a)(6	240.17g-3(a)(6	NUM
cblr-2937	415	3	)	)	PUNCT
cblr-2937	415	4	)	)	PUNCT
cblr-2937	415	5	,	,	PUNCT
cblr-2937	415	6	and	and	CCONJ
cblr-2937	415	7	to	to	PART
cblr-2937	415	8	keep	keep	VERB
cblr-2937	415	9	(	(	PUNCT
cblr-2937	415	10	but	but	CCONJ
cblr-2937	415	11	not	not	PART
cblr-2937	415	12	publish	publish	VERB
cblr-2937	415	13	)	)	PUNCT
cblr-2937	415	14	a	a	DET
cblr-2937	415	15	record	record	NOUN
cblr-2937	415	16	of	of	ADP
cblr-2937	415	17	all	all	DET
cblr-2937	415	18	rating	rating	NOUN
cblr-2937	415	19	actions	action	NOUN
cblr-2937	415	20	.	.	PUNCT
cblr-2937	416	1	i	i	PRON
cblr-2937	416	2	d.	d.	PROPN
cblr-2937	416	3	at	at	ADP
cblr-2937	416	4	102	102	NUM
cblr-2937	416	5	-	-	SYM
cblr-2937	416	6	03	03	NUM
cblr-2937	416	7	(	(	PUNCT
cblr-2937	416	8	to	to	PART
cblr-2937	416	9	be	be	AUX
cblr-2937	416	10	codified	codify	VERB
cblr-2937	416	11	at	at	ADP
cblr-2937	416	12	17	17	NUM
cblr-2937	416	13	c.f.r	c.f.r	NOUN
cblr-2937	416	14	.	.	PUNCT
cblr-2937	417	1	§	§	PROPN
cblr-2937	417	2	240.17g-2(a)(8	240.17g-2(a)(8	NUM
cblr-2937	417	3	)	)	PUNCT
cblr-2937	417	4	)	)	PUNCT
cblr-2937	417	5	.	.	PUNCT
cblr-2937	418	1	at	at	ADP
cblr-2937	418	2	the	the	DET
cblr-2937	418	3	same	same	ADJ
cblr-2937	418	4	time	time	NOUN
cblr-2937	418	5	as	as	SCONJ
cblr-2937	418	6	it	it	PRON
cblr-2937	418	7	released	release	VERB
cblr-2937	418	8	its	its	PRON
cblr-2937	418	9	final	final	ADJ
cblr-2937	418	10	rule	rule	NOUN
cblr-2937	418	11	requiring	require	VERB
cblr-2937	418	12	disclosure	disclosure	NOUN
cblr-2937	418	13	of	of	ADP
cblr-2937	418	14	10	10	NUM
cblr-2937	418	15	%	%	NOUN
cblr-2937	418	16	of	of	ADP
cblr-2937	418	17	rating	rating	NOUN
cblr-2937	418	18	actions	action	NOUN
cblr-2937	418	19	in	in	ADP
cblr-2937	418	20	each	each	DET
cblr-2937	418	21	class	class	NOUN
cblr-2937	418	22	,	,	PUNCT
cblr-2937	418	23	the	the	DET
cblr-2937	418	24	sec	sec	PROPN
cblr-2937	418	25	proposed	propose	VERB
cblr-2937	418	26	credit	credit	NOUN
cblr-2937	418	27	ra	ra	PROPN
cblr-2937	418	28	ting	ting	PROPN
cblr-2937	418	29	agenciesno	agenciesno	PROPN
cblr-2937	418	30	.	.	PUNCT
cblr-2937	419	1	1:1091	1:1091	NUM
cblr-2937	420	1	that	that	SCONJ
cblr-2937	420	2	significant	significant	ADJ
cblr-2937	420	3	reforms	reform	NOUN
cblr-2937	420	4	are	be	AUX
cblr-2937	420	5	politically	politically	ADV
cblr-2937	420	6	difficult	difficult	ADJ
cblr-2937	420	7	even	even	ADV
cblr-2937	420	8	when	when	SCONJ
cblr-2937	420	9	they	they	PRON
cblr-2937	420	10	are	be	AUX
cblr-2937	420	11	consistent	consistent	ADJ
cblr-2937	420	12	with	with	ADP
cblr-2937	420	13	the	the	DET
cblr-2937	420	14	regulator	regulator	NOUN
cblr-2937	420	15	's	's	PART
cblr-2937	420	16	preexisting	preexist	VERB
cblr-2937	420	17	direction.89	direction.89	NOUN
cblr-2937	420	18	regulatory	regulatory	ADJ
cblr-2937	420	19	barriers	barrier	NOUN
cblr-2937	420	20	to	to	ADP
cblr-2937	420	21	entry	entry	NOUN
cblr-2937	420	22	make	make	VERB
cblr-2937	420	23	an	an	DET
cblr-2937	420	24	easy	easy	ADJ
cblr-2937	420	25	target	target	NOUN
cblr-2937	420	26	for	for	ADP
cblr-2937	420	27	market	market	NOUN
cblr-2937	420	28	-	-	PUNCT
cblr-2937	420	29	oriented	orient	VERB
cblr-2937	420	30	reformers	reformer	NOUN
cblr-2937	420	31	,	,	PUNCT
cblr-2937	420	32	and	and	CCONJ
cblr-2937	420	33	enhancing	enhance	VERB
cblr-2937	420	34	competition	competition	NOUN
cblr-2937	420	35	in	in	ADP
cblr-2937	420	36	an	an	DET
cblr-2937	420	37	industry	industry	NOUN
cblr-2937	420	38	is	be	AUX
cblr-2937	420	39	a	a	DET
cblr-2937	420	40	goal	goal	NOUN
cblr-2937	420	41	that	that	PRON
cblr-2937	420	42	is	be	AUX
cblr-2937	420	43	easy	easy	ADJ
cblr-2937	420	44	for	for	SCONJ
cblr-2937	420	45	policymakers	policymaker	NOUN
cblr-2937	420	46	to	to	PART
cblr-2937	420	47	adopt	adopt	VERB
cblr-2937	420	48	.	.	PUNCT
cblr-2937	421	1	even	even	ADV
cblr-2937	421	2	so	so	ADV
cblr-2937	421	3	,	,	PUNCT
cblr-2937	421	4	some	some	PRON
cblr-2937	421	5	have	have	AUX
cblr-2937	421	6	argued	argue	VERB
cblr-2937	421	7	that	that	SCONJ
cblr-2937	421	8	competition	competition	NOUN
cblr-2937	421	9	can	can	AUX
cblr-2937	421	10	reduce	reduce	VERB
cblr-2937	421	11	rating	rating	NOUN
cblr-2937	421	12	quality	quality	NOUN
cblr-2937	421	13	given	give	VERB
cblr-2937	421	14	other	other	ADJ
cblr-2937	421	15	departures	departure	NOUN
cblr-2937	421	16	from	from	ADP
cblr-2937	421	17	the	the	DET
cblr-2937	421	18	ideal	ideal	NOUN
cblr-2937	421	19	in	in	ADP
cblr-2937	421	20	the	the	DET
cblr-2937	421	21	rating	rating	NOUN
cblr-2937	421	22	market	market	NOUN
cblr-2937	421	23	.	.	PUNCT
cblr-2937	422	1	agencies	agency	NOUN
cblr-2937	422	2	may	may	AUX
cblr-2937	422	3	engage	engage	VERB
cblr-2937	422	4	in	in	ADP
cblr-2937	422	5	"	"	PUNCT
cblr-2937	422	6	competitive	competitive	ADJ
cblr-2937	422	7	laxity	laxity	NOUN
cblr-2937	422	8	,	,	PUNCT
cblr-2937	422	9	"	"	PUNCT
cblr-2937	422	10	competing	compete	VERB
cblr-2937	422	11	to	to	PART
cblr-2937	422	12	give	give	VERB
cblr-2937	422	13	originators	originator	NOUN
cblr-2937	422	14	,	,	PUNCT
cblr-2937	422	15	especially	especially	ADV
cblr-2937	422	16	structured	structure	VERB
cblr-2937	422	17	-	-	PUNCT
cblr-2937	422	18	finance	finance	NOUN
cblr-2937	422	19	arrangers	arranger	NOUN
cblr-2937	422	20	,	,	PUNCT
cblr-2937	422	21	the	the	DET
cblr-2937	422	22	high	high	ADJ
cblr-2937	422	23	ratings	rating	NOUN
cblr-2937	422	24	they	they	PRON
cblr-2937	422	25	want	want	VERB
cblr-2937	422	26	.	.	PUNCT
cblr-2937	423	1	iosco	iosco	PROPN
cblr-2937	423	2	has	have	AUX
cblr-2937	423	3	observed	observe	VERB
cblr-2937	423	4	that	that	SCONJ
cblr-2937	423	5	structured	structure	VERB
cblr-2937	423	6	-	-	PUNCT
cblr-2937	423	7	finance	finance	NOUN
cblr-2937	423	8	arrangers	arranger	NOUN
cblr-2937	423	9	are	be	AUX
cblr-2937	423	10	a	a	DET
cblr-2937	423	11	concentrated	concentrated	ADJ
cblr-2937	423	12	group	group	NOUN
cblr-2937	423	13	of	of	ADP
cblr-2937	423	14	major	major	ADJ
cblr-2937	423	15	banks	bank	NOUN
cblr-2937	423	16	that	that	PRON
cblr-2937	423	17	have	have	VERB
cblr-2937	423	18	greater	great	ADJ
cblr-2937	423	19	power	power	NOUN
cblr-2937	423	20	than	than	ADP
cblr-2937	423	21	traditional	traditional	ADJ
cblr-2937	423	22	issuers	issuer	NOUN
cblr-2937	423	23	.	.	PUNCT
cblr-2937	424	1	thus	thus	ADV
cblr-2937	424	2	,	,	PUNCT
cblr-2937	424	3	even	even	ADV
cblr-2937	424	4	if	if	SCONJ
cblr-2937	424	5	an	an	DET
cblr-2937	424	6	agency	agency	NOUN
cblr-2937	424	7	were	be	AUX
cblr-2937	424	8	unwilling	unwilling	ADJ
cblr-2937	424	9	to	to	PART
cblr-2937	424	10	sell	sell	VERB
cblr-2937	424	11	out	out	ADP
cblr-2937	424	12	its	its	PRON
cblr-2937	424	13	reputation	reputation	NOUN
cblr-2937	424	14	to	to	PART
cblr-2937	424	15	benefit	benefit	VERB
cblr-2937	424	16	a	a	DET
cblr-2937	424	17	single	single	ADJ
cblr-2937	424	18	traditional	traditional	ADJ
cblr-2937	424	19	issuer	issuer	NOUN
cblr-2937	424	20	,	,	PUNCT
cblr-2937	424	21	"	"	PUNCT
cblr-2937	424	22	which	which	PRON
cblr-2937	424	23	requiring	require	VERB
cblr-2937	424	24	disclosure	disclosure	NOUN
cblr-2937	424	25	of	of	ADP
cblr-2937	424	26	100	100	NUM
cblr-2937	424	27	%	%	NOUN
cblr-2937	424	28	of	of	ADP
cblr-2937	424	29	actions	action	NOUN
cblr-2937	424	30	on	on	ADP
cblr-2937	424	31	issuer	issuer	NOUN
cblr-2937	424	32	-	-	PUNCT
cblr-2937	424	33	paid	pay	VERB
cblr-2937	424	34	ratings	rating	NOUN
cblr-2937	424	35	with	with	ADP
cblr-2937	424	36	a	a	DET
cblr-2937	424	37	oneyear	oneyear	ADJ
cblr-2937	424	38	lag	lag	NOUN
cblr-2937	424	39	time	time	NOUN
cblr-2937	424	40	.	.	PUNCT
cblr-2937	425	1	see	see	VERB
cblr-2937	425	2	re	re	VERB
cblr-2937	425	3	-	-	VERB
cblr-2937	425	4	proposed	propose	VERB
cblr-2937	425	5	rules	rule	NOUN
cblr-2937	425	6	for	for	ADP
cblr-2937	425	7	nationally	nationally	ADV
cblr-2937	425	8	recognized	recognize	VERB
cblr-2937	425	9	statistical	statistical	ADJ
cblr-2937	425	10	rating	rating	NOUN
cblr-2937	425	11	organizations	organization	NOUN
cblr-2937	425	12	,	,	PUNCT
cblr-2937	425	13	exchange	exchange	NOUN
cblr-2937	425	14	act	act	NOUN
cblr-2937	425	15	release	release	VERB
cblr-2937	425	16	no	no	NOUN
cblr-2937	425	17	.	.	NOUN
cblr-2937	425	18	34	34	NUM
cblr-2937	425	19	-	-	SYM
cblr-2937	425	20	59343	59343	NUM
cblr-2937	425	21	,	,	PUNCT
cblr-2937	425	22	at	at	ADP
cblr-2937	425	23	93	93	NUM
cblr-2937	425	24	(	(	PUNCT
cblr-2937	425	25	proposed	propose	VERB
cblr-2937	425	26	feb	feb	PROPN
cblr-2937	425	27	.	.	PROPN
cblr-2937	425	28	2	2	NUM
cblr-2937	425	29	,	,	PUNCT
cblr-2937	425	30	2009	2009	NUM
cblr-2937	425	31	)	)	PUNCT
cblr-2937	425	32	.	.	PUNCT
cblr-2937	426	1	it	it	PRON
cblr-2937	426	2	also	also	ADV
cblr-2937	426	3	re	re	VERB
cblr-2937	426	4	-	-	VERB
cblr-2937	426	5	proposed	propose	VERB
cblr-2937	426	6	,	,	PUNCT
cblr-2937	426	7	in	in	ADP
cblr-2937	426	8	somewhat	somewhat	ADV
cblr-2937	426	9	different	different	ADJ
cblr-2937	426	10	form	form	NOUN
cblr-2937	426	11	,	,	PUNCT
cblr-2937	426	12	the	the	DET
cblr-2937	426	13	rule	rule	NOUN
cblr-2937	426	14	requiring	require	VERB
cblr-2937	426	15	disclosure	disclosure	NOUN
cblr-2937	426	16	of	of	ADP
cblr-2937	426	17	underlying	underlie	VERB
cblr-2937	426	18	asset	asset	NOUN
cblr-2937	426	19	pools	pool	NOUN
cblr-2937	426	20	for	for	ADP
cblr-2937	426	21	structured	structured	ADJ
cblr-2937	426	22	products	product	NOUN
cblr-2937	426	23	.	.	PUNCT
cblr-2937	427	1	i	i	PRON
cblr-2937	427	2	d.	d.	PROPN
cblr-2937	427	3	at	at	ADP
cblr-2937	427	4	94	94	NUM
cblr-2937	427	5	-	-	SYM
cblr-2937	427	6	95	95	NUM
cblr-2937	427	7	(	(	PUNCT
cblr-2937	427	8	proposing	propose	VERB
cblr-2937	427	9	that	that	SCONJ
cblr-2937	427	10	rating	rating	NOUN
cblr-2937	427	11	agency	agency	NOUN
cblr-2937	427	12	maintain	maintain	VERB
cblr-2937	427	13	a	a	DET
cblr-2937	427	14	list	list	NOUN
cblr-2937	427	15	of	of	ADP
cblr-2937	427	16	asset	asset	NOUN
cblr-2937	427	17	-	-	PUNCT
cblr-2937	427	18	backed	back	VERB
cblr-2937	427	19	issues	issue	NOUN
cblr-2937	427	20	it	it	PRON
cblr-2937	427	21	rates	rate	VERB
cblr-2937	427	22	and	and	CCONJ
cblr-2937	427	23	obtains	obtain	VERB
cblr-2937	427	24	from	from	ADP
cblr-2937	427	25	sponsors	sponsor	NOUN
cblr-2937	427	26	,	,	PUNCT
cblr-2937	427	27	underwriters	underwriter	NOUN
cblr-2937	427	28	,	,	PUNCT
cblr-2937	427	29	or	or	CCONJ
cblr-2937	427	30	originator	originator	NOUN
cblr-2937	427	31	of	of	ADP
cblr-2937	427	32	each	each	DET
cblr-2937	427	33	such	such	ADJ
cblr-2937	427	34	issue	issue	NOUN
cblr-2937	427	35	a	a	DET
cblr-2937	427	36	representation	representation	NOUN
cblr-2937	427	37	that	that	SCONJ
cblr-2937	427	38	information	information	NOUN
cblr-2937	427	39	made	make	VERB
cblr-2937	427	40	available	available	ADJ
cblr-2937	427	41	to	to	ADP
cblr-2937	427	42	the	the	DET
cblr-2937	427	43	agency	agency	NOUN
cblr-2937	427	44	will	will	AUX
cblr-2937	427	45	be	be	AUX
cblr-2937	427	46	made	make	VERB
cblr-2937	427	47	available	available	ADJ
cblr-2937	427	48	to	to	ADP
cblr-2937	427	49	other	other	ADJ
cblr-2937	427	50	rating	rating	NOUN
cblr-2937	427	51	agencies	agency	NOUN
cblr-2937	427	52	so	so	SCONJ
cblr-2937	427	53	that	that	SCONJ
cblr-2937	427	54	they	they	PRON
cblr-2937	427	55	can	can	AUX
cblr-2937	427	56	issue	issue	VERB
cblr-2937	427	57	their	their	PRON
cblr-2937	427	58	own	own	ADJ
cblr-2937	427	59	ratings	rating	NOUN
cblr-2937	427	60	)	)	PUNCT
cblr-2937	427	61	.	.	PUNCT
cblr-2937	428	1	the	the	DET
cblr-2937	428	2	sec	sec	PROPN
cblr-2937	428	3	apparently	apparently	ADV
cblr-2937	428	4	dropped	drop	VERB
cblr-2937	428	5	or	or	CCONJ
cblr-2937	428	6	tabled	table	VERB
cblr-2937	428	7	the	the	DET
cblr-2937	428	8	proposal	proposal	NOUN
cblr-2937	428	9	to	to	PART
cblr-2937	428	10	reduce	reduce	VERB
cblr-2937	428	11	its	its	PRON
cblr-2937	428	12	reliance	reliance	NOUN
cblr-2937	428	13	on	on	ADP
cblr-2937	428	14	agency	agency	NOUN
cblr-2937	428	15	ratings	rating	NOUN
cblr-2937	428	16	in	in	ADP
cblr-2937	428	17	its	its	PRON
cblr-2937	428	18	rules	rule	NOUN
cblr-2937	428	19	.	.	PUNCT
cblr-2937	429	1	89	89	NUM
cblr-2937	429	2	see	see	VERB
cblr-2937	429	3	kara	kara	PROPN
cblr-2937	429	4	scannell	scannell	PROPN
cblr-2937	429	5	&	&	CCONJ
cblr-2937	429	6	aaron	aaron	PROPN
cblr-2937	429	7	lucchetti	lucchetti	PROPN
cblr-2937	429	8	,	,	PUNCT
cblr-2937	429	9	crisis	crisis	NOUN
cblr-2937	429	10	on	on	ADP
cblr-2937	429	11	wall	wall	PROPN
cblr-2937	429	12	street	street	PROPN
cblr-2937	429	13	:	:	PUNCT
cblr-2937	429	14	sec	sec	PROPN
cblr-2937	429	15	tightens	tighten	VERB
cblr-2937	429	16	rules	rule	NOUN
cblr-2937	429	17	for	for	ADP
cblr-2937	429	18	ratings	rating	NOUN
cblr-2937	429	19	firms	firm	NOUN
cblr-2937	429	20	,	,	PUNCT
cblr-2937	429	21	wall	wall	PROPN
cblr-2937	429	22	st	st	PROPN
cblr-2937	429	23	.	.	PROPN
cblr-2937	429	24	j.	j.	PROPN
cblr-2937	429	25	,	,	PUNCT
cblr-2937	429	26	dec	dec	PROPN
cblr-2937	429	27	.	.	PROPN
cblr-2937	429	28	4	4	NUM
cblr-2937	429	29	,	,	PUNCT
cblr-2937	429	30	2008	2008	NUM
cblr-2937	429	31	,	,	PUNCT
cblr-2937	429	32	at	at	ADP
cblr-2937	429	33	c3	c3	PROPN
cblr-2937	429	34	(	(	PUNCT
cblr-2937	429	35	quoting	quote	VERB
cblr-2937	429	36	sources	source	NOUN
cblr-2937	429	37	describing	describe	VERB
cblr-2937	429	38	sec	sec	PROPN
cblr-2937	429	39	's	's	PART
cblr-2937	429	40	december	december	PROPN
cblr-2937	429	41	3	3	NUM
cblr-2937	429	42	actions	action	NOUN
cblr-2937	429	43	as	as	ADP
cblr-2937	429	44	"	"	PUNCT
cblr-2937	429	45	baby	baby	NOUN
cblr-2937	429	46	steps	step	NOUN
cblr-2937	429	47	"	"	PUNCT
cblr-2937	429	48	and	and	CCONJ
cblr-2937	429	49	asserting	assert	VERB
cblr-2937	429	50	that	that	SCONJ
cblr-2937	429	51	the	the	DET
cblr-2937	429	52	sec	sec	PROPN
cblr-2937	429	53	"	"	PUNCT
cblr-2937	429	54	is	be	AUX
cblr-2937	429	55	trying	try	VERB
cblr-2937	429	56	to	to	PART
cblr-2937	429	57	demonstrate	demonstrate	VERB
cblr-2937	429	58	action	action	NOUN
cblr-2937	429	59	without	without	ADP
cblr-2937	429	60	taking	take	VERB
cblr-2937	429	61	much	much	ADJ
cblr-2937	429	62	action	action	NOUN
cblr-2937	429	63	"	"	PUNCT
cblr-2937	429	64	)	)	PUNCT
cblr-2937	429	65	;	;	PUNCT
cblr-2937	429	66	do	do	AUX
cblr-2937	429	67	the	the	DET
cblr-2937	429	68	sec	sec	PROPN
cblr-2937	429	69	's	's	PART
cblr-2937	429	70	new	new	ADJ
cblr-2937	429	71	rating	rating	NOUN
cblr-2937	429	72	agency	agency	NOUN
cblr-2937	429	73	rules	rule	NOUN
cblr-2937	429	74	have	have	VERB
cblr-2937	429	75	any	any	DET
cblr-2937	429	76	bite	bite	NOUN
cblr-2937	429	77	?	?	PUNCT
cblr-2937	429	78	,	,	PUNCT
cblr-2937	429	79	knowledge@wharton	knowledge@wharton	PROPN
cblr-2937	429	80	,	,	PUNCT
cblr-2937	429	81	dec	dec	PROPN
cblr-2937	429	82	.	.	PROPN
cblr-2937	429	83	10	10	NUM
cblr-2937	429	84	,	,	PUNCT
cblr-2937	429	85	2008	2008	NUM
cblr-2937	429	86	,	,	PUNCT
cblr-2937	429	87	http://knowledge.wharton	http://knowledge.wharton	PROPN
cblr-2937	429	88	.	.	PUNCT
cblr-2937	430	1	upenn.edu/article.cfm?articleid=2112	upenn.edu/article.cfm?articleid=2112	PROPN
cblr-2937	430	2	(	(	PUNCT
cblr-2937	430	3	reporting	report	VERB
cblr-2937	430	4	financial	financial	ADJ
cblr-2937	430	5	economists	economist	NOUN
cblr-2937	430	6	roundtable	roundtable	NOUN
cblr-2937	430	7	's	's	PART
cblr-2937	430	8	view	view	NOUN
cblr-2937	430	9	that	that	SCONJ
cblr-2937	430	10	sec	sec	PROPN
cblr-2937	430	11	"	"	PUNCT
cblr-2937	430	12	pulled	pull	VERB
cblr-2937	430	13	the	the	DET
cblr-2937	430	14	teeth	tooth	NOUN
cblr-2937	430	15	that	that	PRON
cblr-2937	430	16	would	would	AUX
cblr-2937	430	17	have	have	AUX
cblr-2937	430	18	made	make	VERB
cblr-2937	430	19	the	the	DET
cblr-2937	430	20	regulations	regulation	NOUN
cblr-2937	430	21	effective	effective	ADJ
cblr-2937	430	22	"	"	PUNCT
cblr-2937	430	23	by	by	ADP
cblr-2937	430	24	omitting	omit	VERB
cblr-2937	430	25	provisions	provision	NOUN
cblr-2937	430	26	reducing	reduce	VERB
cblr-2937	430	27	regulatory	regulatory	ADJ
cblr-2937	430	28	dependence	dependence	NOUN
cblr-2937	430	29	on	on	ADP
cblr-2937	430	30	ratings	rating	NOUN
cblr-2937	430	31	and	and	CCONJ
cblr-2937	430	32	failing	fail	VERB
cblr-2937	430	33	to	to	PART
cblr-2937	430	34	require	require	VERB
cblr-2937	430	35	a	a	DET
cblr-2937	430	36	"	"	PUNCT
cblr-2937	430	37	margin	margin	NOUN
cblr-2937	430	38	for	for	ADP
cblr-2937	430	39	error	error	NOUN
cblr-2937	430	40	"	"	PUNCT
cblr-2937	430	41	on	on	ADP
cblr-2937	430	42	structured	structured	ADJ
cblr-2937	430	43	products	product	NOUN
cblr-2937	430	44	)	)	PUNCT
cblr-2937	430	45	.	.	PUNCT
cblr-2937	431	1	90	90	NUM
cblr-2937	431	2	iosco	iosco	PROPN
cblr-2937	431	3	cra	cra	PROPN
cblr-2937	431	4	report	report	PROPN
cblr-2937	431	5	,	,	PUNCT
cblr-2937	431	6	supra	supra	PROPN
cblr-2937	431	7	note	note	PROPN
cblr-2937	431	8	36	36	NUM
cblr-2937	431	9	,	,	PUNCT
cblr-2937	431	10	at	at	ADP
cblr-2937	431	11	13	13	NUM
cblr-2937	431	12	(	(	PUNCT
cblr-2937	431	13	"	"	PUNCT
cblr-2937	431	14	by	by	ADP
cblr-2937	431	15	effectively	effectively	ADV
cblr-2937	431	16	mandating	mandate	VERB
cblr-2937	431	17	that	that	SCONJ
cblr-2937	431	18	an	an	DET
cblr-2937	431	19	issuer	issuer	NOUN
cblr-2937	431	20	seek	seek	VERB
cblr-2937	431	21	opinions	opinion	NOUN
cblr-2937	431	22	from	from	ADP
cblr-2937	431	23	a	a	DET
cblr-2937	431	24	relatively	relatively	ADV
cblr-2937	431	25	small	small	ADJ
cblr-2937	431	26	group	group	NOUN
cblr-2937	431	27	of	of	ADP
cblr-2937	431	28	cras	cras	PROPN
cblr-2937	431	29	,	,	PUNCT
cblr-2937	431	30	.	.	PUNCT
cblr-2937	431	31	.	.	PUNCT
cblr-2937	432	1	.investor	.investor	NOUN
cblr-2937	432	2	requirements	requirement	NOUN
cblr-2937	432	3	[	[	X
cblr-2937	432	4	for	for	ADP
cblr-2937	432	5	investment	investment	NOUN
cblr-2937	432	6	-	-	PUNCT
cblr-2937	432	7	grade	grade	NOUN
cblr-2937	432	8	ratings	rating	NOUN
cblr-2937	432	9	]	]	PUNCT
cblr-2937	432	10	make	make	VERB
cblr-2937	432	11	it	it	PRON
cblr-2937	432	12	difficult	difficult	ADJ
cblr-2937	432	13	for	for	ADP
cblr-2937	432	14	an	an	DET
cblr-2937	432	15	issuer	issuer	NOUN
cblr-2937	432	16	to	to	PART
cblr-2937	432	17	pressure	pressure	VERB
cblr-2937	432	18	a	a	DET
cblr-2937	432	19	cra	cra	PROPN
cblr-2937	432	20	into	into	ADP
cblr-2937	432	21	providing	provide	VERB
cblr-2937	432	22	a	a	DET
cblr-2937	432	23	favorable	favorable	ADJ
cblr-2937	432	24	rating	rating	NOUN
cblr-2937	432	25	[	[	X
cblr-2937	432	26	vol	vol	NOUN
cblr-2937	432	27	.	.	NOUN
cblr-2937	433	1	2009coluama	2009coluama	NUM
cblr-2937	434	1	b	b	X
cblr-2937	434	2	usiness	usiness	NOUN
cblr-2937	434	3	la	la	PROPN
cblr-2937	434	4	w	w	PROPN
cblr-2937	434	5	re	re	PROPN
cblr-2937	434	6	vie	vie	PROPN
cblr-2937	434	7	w	w	PROPN
cblr-2937	434	8	credit	credit	PROPN
cblr-2937	434	9	ra	ra	PROPN
cblr-2937	434	10	ting	te	VERB
cblr-2937	434	11	a	a	DET
cblr-2937	434	12	gencies	gencie	NOUN
cblr-2937	434	13	would	would	AUX
cblr-2937	434	14	likely	likely	ADV
cblr-2937	434	15	be	be	AUX
cblr-2937	434	16	one	one	NUM
cblr-2937	434	17	of	of	ADP
cblr-2937	434	18	thousands	thousand	NOUN
cblr-2937	434	19	of	of	ADP
cblr-2937	434	20	corporations	corporation	NOUN
cblr-2937	434	21	,	,	PUNCT
cblr-2937	434	22	"	"	PUNCT
cblr-2937	434	23	cra	cra	PROPN
cblr-2937	434	24	competition	competition	NOUN
cblr-2937	434	25	and	and	CCONJ
cblr-2937	434	26	the	the	DET
cblr-2937	434	27	lack	lack	NOUN
cblr-2937	434	28	of	of	ADP
cblr-2937	434	29	transparency	transparency	NOUN
cblr-2937	434	30	typical	typical	ADJ
cblr-2937	434	31	in	in	ADP
cblr-2937	434	32	structured	structured	ADJ
cblr-2937	434	33	finance	finance	NOUN
cblr-2937	434	34	transactions	transaction	NOUN
cblr-2937	434	35	may	may	AUX
cblr-2937	434	36	combine	combine	VERB
cblr-2937	434	37	to	to	PART
cblr-2937	434	38	undermine	undermine	VERB
cblr-2937	434	39	the	the	DET
cblr-2937	434	40	integrity	integrity	NOUN
cblr-2937	434	41	of	of	ADP
cblr-2937	434	42	the	the	DET
cblr-2937	434	43	credit	credit	NOUN
cblr-2937	434	44	rating	rating	NOUN
cblr-2937	434	45	process	process	NOUN
cblr-2937	434	46	for	for	ADP
cblr-2937	434	47	these	these	DET
cblr-2937	434	48	products	product	NOUN
cblr-2937	434	49	.	.	PUNCT
cblr-2937	435	1	"9	"9	NOUN
cblr-2937	435	2	'	'	PUNCT
cblr-2937	435	3	similarly	similarly	ADV
cblr-2937	435	4	,	,	PUNCT
cblr-2937	435	5	it	it	PRON
cblr-2937	435	6	has	have	AUX
cblr-2937	435	7	been	be	AUX
cblr-2937	435	8	asserted	assert	VERB
cblr-2937	435	9	that	that	SCONJ
cblr-2937	435	10	new	new	ADJ
cblr-2937	435	11	competitors	competitor	NOUN
cblr-2937	435	12	were	be	AUX
cblr-2937	435	13	the	the	DET
cblr-2937	435	14	guiltiest	guilty	ADJ
cblr-2937	435	15	of	of	ADP
cblr-2937	435	16	"	"	PUNCT
cblr-2937	435	17	grade	grade	NOUN
cblr-2937	435	18	inflation	inflation	NOUN
cblr-2937	435	19	,	,	PUNCT
cblr-2937	435	20	"	"	PUNCT
cblr-2937	435	21	suggesting	suggest	VERB
cblr-2937	435	22	that	that	SCONJ
cblr-2937	435	23	increasing	increase	VERB
cblr-2937	435	24	competition	competition	NOUN
cblr-2937	435	25	may	may	AUX
cblr-2937	435	26	decrease	decrease	VERB
cblr-2937	435	27	quality	quality	NOUN
cblr-2937	435	28	,	,	PUNCT
cblr-2937	435	29	especially	especially	ADV
cblr-2937	435	30	in	in	ADP
cblr-2937	435	31	light	light	NOUN
cblr-2937	435	32	of	of	ADP
cblr-2937	435	33	the	the	DET
cblr-2937	435	34	possibility	possibility	NOUN
cblr-2937	435	35	of	of	ADP
cblr-2937	435	36	ratings	rating	NOUN
cblr-2937	435	37	shopping.2	shopping.2	VERB
cblr-2937	435	38	others	other	NOUN
cblr-2937	435	39	have	have	AUX
cblr-2937	435	40	contested	contest	VERB
cblr-2937	435	41	this	this	PRON
cblr-2937	435	42	,	,	PUNCT
cblr-2937	435	43	arguing	argue	VERB
cblr-2937	435	44	that	that	SCONJ
cblr-2937	435	45	conscious	conscious	ADJ
cblr-2937	435	46	rating	rating	NOUN
cblr-2937	435	47	inflators	inflator	NOUN
cblr-2937	435	48	will	will	AUX
cblr-2937	435	49	be	be	AUX
cblr-2937	435	50	found	find	VERB
cblr-2937	435	51	out	out	ADP
cblr-2937	435	52	and	and	CCONJ
cblr-2937	435	53	punished	punish	VERB
cblr-2937	435	54	-	-	PUNCT
cblr-2937	435	55	eventually.93	eventually.93	PROPN
cblr-2937	435	56	or	or	CCONJ
cblr-2937	435	57	else	else	ADV
cblr-2937	435	58	risk	risk	NOUN
cblr-2937	435	59	losing	lose	VERB
cblr-2937	435	60	its	its	PRON
cblr-2937	435	61	business	business	NOUN
cblr-2937	435	62	or	or	CCONJ
cblr-2937	435	63	losing	lose	VERB
cblr-2937	435	64	access	access	NOUN
cblr-2937	435	65	to	to	ADP
cblr-2937	435	66	critical	critical	ADJ
cblr-2937	435	67	issuer	issuer	NOUN
cblr-2937	435	68	information	information	NOUN
cblr-2937	435	69	.	.	PUNCT
cblr-2937	436	1	"	"	PUNCT
cblr-2937	436	2	)	)	PUNCT
cblr-2937	436	3	.	.	PUNCT
cblr-2937	437	1	9	9	NUM
cblr-2937	437	2	'	'	PART
cblr-2937	437	3	iosco	iosco	NOUN
cblr-2937	437	4	cra	cra	PROPN
cblr-2937	437	5	report	report	PROPN
cblr-2937	437	6	,	,	PUNCT
cblr-2937	437	7	supra	supra	PROPN
cblr-2937	437	8	note	note	PROPN
cblr-2937	437	9	36	36	NUM
cblr-2937	437	10	,	,	PUNCT
cblr-2937	437	11	at	at	ADP
cblr-2937	437	12	14	14	NUM
cblr-2937	437	13	(	(	PUNCT
cblr-2937	437	14	"	"	PUNCT
cblr-2937	437	15	supporting	support	VERB
cblr-2937	437	16	this	this	DET
cblr-2937	437	17	view	view	NOUN
cblr-2937	437	18	are	be	AUX
cblr-2937	437	19	news	news	NOUN
cblr-2937	437	20	reports	report	NOUN
cblr-2937	437	21	that	that	SCONJ
cblr-2937	437	22	some	some	DET
cblr-2937	437	23	cras	cra	NOUN
cblr-2937	437	24	very	very	ADV
cblr-2937	437	25	rapidly	rapidly	ADV
cblr-2937	437	26	lost	lose	VERB
cblr-2937	437	27	market	market	NOUN
cblr-2937	437	28	share	share	NOUN
cblr-2937	437	29	in	in	ADP
cblr-2937	437	30	the	the	DET
cblr-2937	437	31	market	market	NOUN
cblr-2937	437	32	for	for	ADP
cblr-2937	437	33	rating	rating	NOUN
cblr-2937	437	34	commercial	commercial	ADJ
cblr-2937	437	35	mortgage	mortgage	NOUN
cblr-2937	437	36	-	-	PUNCT
cblr-2937	437	37	backed	back	VERB
cblr-2937	437	38	securities	security	NOUN
cblr-2937	437	39	(	(	PUNCT
cblr-2937	437	40	cmbss	cmbss	NOUN
cblr-2937	437	41	)	)	PUNCT
cblr-2937	437	42	by	by	ADP
cblr-2937	437	43	requiring	require	VERB
cblr-2937	437	44	more	more	ADJ
cblr-2937	437	45	conservative	conservative	ADJ
cblr-2937	437	46	assumptions	assumption	NOUN
cblr-2937	437	47	following	follow	VERB
cblr-2937	437	48	instability	instability	NOUN
cblr-2937	437	49	in	in	ADP
cblr-2937	437	50	the	the	DET
cblr-2937	437	51	rmbs	rmbs	PROPN
cblr-2937	437	52	market	market	NOUN
cblr-2937	437	53	.	.	PUNCT
cblr-2937	438	1	"	"	PUNCT
cblr-2937	438	2	)	)	PUNCT
cblr-2937	438	3	;	;	PUNCT
cblr-2937	438	4	see	see	VERB
cblr-2937	438	5	also	also	ADV
cblr-2937	438	6	mason	mason	PROPN
cblr-2937	438	7	&	&	CCONJ
cblr-2937	438	8	rosner	rosner	PROPN
cblr-2937	438	9	,	,	PUNCT
cblr-2937	438	10	supra	supra	PROPN
cblr-2937	438	11	note	note	PROPN
cblr-2937	438	12	25	25	NUM
cblr-2937	438	13	,	,	PUNCT
cblr-2937	438	14	at	at	ADP
cblr-2937	438	15	10	10	NUM
cblr-2937	438	16	(	(	PUNCT
cblr-2937	438	17	stating	state	VERB
cblr-2937	438	18	that	that	SCONJ
cblr-2937	438	19	twelve	twelve	NUM
cblr-2937	438	20	banks	bank	NOUN
cblr-2937	438	21	account	account	VERB
cblr-2937	438	22	for	for	ADP
cblr-2937	438	23	over	over	ADP
cblr-2937	438	24	70	70	NUM
cblr-2937	438	25	%	%	NOUN
cblr-2937	438	26	of	of	ADP
cblr-2937	438	27	european	european	ADJ
cblr-2937	438	28	structured	structure	VERB
cblr-2937	438	29	-	-	PUNCT
cblr-2937	438	30	finance	finance	NOUN
cblr-2937	438	31	transactions	transaction	NOUN
cblr-2937	438	32	;	;	PUNCT
cblr-2937	438	33	in	in	ADP
cblr-2937	438	34	2005	2005	NUM
cblr-2937	438	35	,	,	PUNCT
cblr-2937	438	36	three	three	NUM
cblr-2937	438	37	law	law	NOUN
cblr-2937	438	38	firms	firm	NOUN
cblr-2937	438	39	accounted	account	VERB
cblr-2937	438	40	for	for	ADP
cblr-2937	438	41	over	over	ADP
cblr-2937	438	42	60	60	NUM
cblr-2937	438	43	%	%	NOUN
cblr-2937	438	44	of	of	ADP
cblr-2937	438	45	the	the	DET
cblr-2937	438	46	legal	legal	ADJ
cblr-2937	438	47	work	work	NOUN
cblr-2937	438	48	in	in	ADP
cblr-2937	438	49	the	the	DET
cblr-2937	438	50	french	french	ADJ
cblr-2937	438	51	cdo	cdo	ADJ
cblr-2937	438	52	market	market	NOUN
cblr-2937	438	53	,	,	PUNCT
cblr-2937	438	54	and	and	CCONJ
cblr-2937	438	55	three	three	NUM
cblr-2937	438	56	others	other	NOUN
cblr-2937	438	57	accounted	account	VERB
cblr-2937	438	58	for	for	ADP
cblr-2937	438	59	over	over	ADP
cblr-2937	438	60	50	50	NUM
cblr-2937	438	61	%	%	NOUN
cblr-2937	438	62	of	of	ADP
cblr-2937	438	63	volume	volume	NOUN
cblr-2937	438	64	in	in	ADP
cblr-2937	438	65	the	the	DET
cblr-2937	438	66	french	french	ADJ
cblr-2937	438	67	rmbs	rmbs	PROPN
cblr-2937	438	68	market	market	NOUN
cblr-2937	438	69	)	)	PUNCT
cblr-2937	438	70	;	;	PUNCT
cblr-2937	438	71	johnson	johnson	PROPN
cblr-2937	438	72	,	,	PUNCT
cblr-2937	438	73	supra	supra	PROPN
cblr-2937	438	74	note	note	PROPN
cblr-2937	438	75	45	45	NUM
cblr-2937	438	76	(	(	PUNCT
cblr-2937	438	77	stating	state	VERB
cblr-2937	438	78	that	that	SCONJ
cblr-2937	438	79	as	as	ADP
cblr-2937	438	80	of	of	ADP
cblr-2937	438	81	june	june	PROPN
cblr-2937	438	82	2008	2008	NUM
cblr-2937	438	83	,	,	PUNCT
cblr-2937	438	84	three	three	NUM
cblr-2937	438	85	underwriters	underwriter	NOUN
cblr-2937	438	86	accounted	account	VERB
cblr-2937	438	87	for	for	ADP
cblr-2937	438	88	more	more	ADJ
cblr-2937	438	89	than	than	ADP
cblr-2937	438	90	half	half	NOUN
cblr-2937	438	91	of	of	ADP
cblr-2937	438	92	defaulted	defaulted	ADJ
cblr-2937	438	93	cdos	cdo	NOUN
cblr-2937	438	94	)	)	PUNCT
cblr-2937	438	95	.	.	PUNCT
cblr-2937	439	1	ancillary	ancillary	ADJ
cblr-2937	439	2	revenue	revenue	NOUN
cblr-2937	439	3	from	from	ADP
cblr-2937	439	4	advising	advise	VERB
cblr-2937	439	5	arrangers	arranger	NOUN
cblr-2937	439	6	about	about	ADP
cblr-2937	439	7	the	the	DET
cblr-2937	439	8	rating	rating	NOUN
cblr-2937	439	9	consequences	consequence	NOUN
cblr-2937	439	10	of	of	ADP
cblr-2937	439	11	proposed	propose	VERB
cblr-2937	439	12	structures	structure	NOUN
cblr-2937	439	13	raises	raise	VERB
cblr-2937	439	14	related	related	ADJ
cblr-2937	439	15	concerns	concern	NOUN
cblr-2937	439	16	.	.	PUNCT
cblr-2937	440	1	see	see	VERB
cblr-2937	440	2	iosco	iosco	PROPN
cblr-2937	440	3	cra	cra	PROPN
cblr-2937	440	4	report	report	PROPN
cblr-2937	440	5	,	,	PUNCT
cblr-2937	440	6	supra	supra	PROPN
cblr-2937	440	7	note	note	PROPN
cblr-2937	440	8	36	36	NUM
cblr-2937	440	9	,	,	PUNCT
cblr-2937	440	10	at	at	ADP
cblr-2937	440	11	12	12	NUM
cblr-2937	440	12	(	(	PUNCT
cblr-2937	440	13	noting	note	VERB
cblr-2937	440	14	it	it	PRON
cblr-2937	440	15	is	be	AUX
cblr-2937	440	16	a	a	DET
cblr-2937	440	17	"	"	PUNCT
cblr-2937	440	18	serious	serious	ADJ
cblr-2937	440	19	question	question	NOUN
cblr-2937	440	20	"	"	PUNCT
cblr-2937	440	21	whether	whether	SCONJ
cblr-2937	440	22	"	"	PUNCT
cblr-2937	440	23	the	the	DET
cblr-2937	440	24	current	current	ADJ
cblr-2937	440	25	process	process	NOUN
cblr-2937	440	26	for	for	ADP
cblr-2937	440	27	rating	rate	VERB
cblr-2937	440	28	structured	structure	VERB
cblr-2937	440	29	finance	finance	NOUN
cblr-2937	440	30	involves	involve	VERB
cblr-2937	440	31	advice	advice	NOUN
cblr-2937	440	32	that	that	PRON
cblr-2937	440	33	is	be	AUX
cblr-2937	440	34	,	,	PUNCT
cblr-2937	440	35	in	in	ADP
cblr-2937	440	36	fact	fact	NOUN
cblr-2937	440	37	,	,	PUNCT
cblr-2937	440	38	an	an	DET
cblr-2937	440	39	ancillary	ancillary	ADJ
cblr-2937	440	40	business	business	NOUN
cblr-2937	440	41	operation	operation	NOUN
cblr-2937	440	42	which	which	PRON
cblr-2937	440	43	necessarily	necessarily	ADV
cblr-2937	440	44	presents	present	VERB
cblr-2937	440	45	a	a	DET
cblr-2937	440	46	conflict	conflict	NOUN
cblr-2937	440	47	of	of	ADP
cblr-2937	440	48	interest	interest	NOUN
cblr-2937	440	49	"	"	PUNCT
cblr-2937	440	50	)	)	PUNCT
cblr-2937	440	51	;	;	PUNCT
cblr-2937	440	52	mason	mason	PROPN
cblr-2937	440	53	&	&	CCONJ
cblr-2937	440	54	rosner	rosner	PROPN
cblr-2937	440	55	,	,	PUNCT
cblr-2937	440	56	supra	supra	PROPN
cblr-2937	440	57	note	note	PROPN
cblr-2937	440	58	25	25	NUM
cblr-2937	440	59	,	,	PUNCT
cblr-2937	440	60	at	at	ADP
cblr-2937	440	61	19	19	NUM
cblr-2937	440	62	.	.	PUNCT
cblr-2937	440	63	cf	cf	PROPN
cblr-2937	440	64	kettering	kettering	PROPN
cblr-2937	440	65	,	,	PUNCT
cblr-2937	440	66	supra	supra	PROPN
cblr-2937	440	67	note	note	PROPN
cblr-2937	440	68	16	16	NUM
cblr-2937	440	69	,	,	PUNCT
cblr-2937	440	70	at	at	ADP
cblr-2937	440	71	1680	1680	NUM
cblr-2937	440	72	-	-	SYM
cblr-2937	440	73	81	81	NUM
cblr-2937	440	74	(	(	PUNCT
cblr-2937	440	75	emphasizing	emphasize	VERB
cblr-2937	440	76	rating	rating	NOUN
cblr-2937	440	77	-	-	PUNCT
cblr-2937	440	78	agency	agency	NOUN
cblr-2937	440	79	initiatives	initiative	NOUN
cblr-2937	440	80	to	to	PART
cblr-2937	440	81	opine	opine	VERB
cblr-2937	440	82	that	that	PRON
cblr-2937	440	83	standard	standard	ADJ
cblr-2937	440	84	bankruptcy	bankruptcy	NOUN
cblr-2937	440	85	-	-	PUNCT
cblr-2937	440	86	remoteness	remoteness	NOUN
cblr-2937	440	87	measures	measure	NOUN
cblr-2937	440	88	are	be	AUX
cblr-2937	440	89	effective	effective	ADJ
cblr-2937	440	90	,	,	PUNCT
cblr-2937	440	91	because	because	SCONJ
cblr-2937	440	92	contrary	contrary	ADJ
cblr-2937	440	93	determination	determination	NOUN
cblr-2937	440	94	imperils	imperil	VERB
cblr-2937	440	95	all	all	DET
cblr-2937	440	96	securitization	securitization	NOUN
cblr-2937	440	97	)	)	PUNCT
cblr-2937	440	98	.	.	PUNCT
cblr-2937	441	1	92	92	NUM
cblr-2937	441	2	house	house	NOUN
cblr-2937	441	3	structured	structure	VERB
cblr-2937	441	4	finance	finance	NOUN
cblr-2937	441	5	hearings	hearing	NOUN
cblr-2937	441	6	,	,	PUNCT
cblr-2937	441	7	supra	supra	PROPN
cblr-2937	441	8	note	note	NOUN
cblr-2937	441	9	57	57	NUM
cblr-2937	441	10	,	,	PUNCT
cblr-2937	441	11	at	at	ADP
cblr-2937	441	12	114	114	NUM
cblr-2937	441	13	(	(	PUNCT
cblr-2937	441	14	testimony	testimony	NOUN
cblr-2937	441	15	and	and	CCONJ
cblr-2937	441	16	prepared	prepared	ADJ
cblr-2937	441	17	statement	statement	NOUN
cblr-2937	441	18	of	of	ADP
cblr-2937	441	19	joseph	joseph	PROPN
cblr-2937	441	20	r.	r.	PROPN
cblr-2937	441	21	mason	mason	PROPN
cblr-2937	441	22	,	,	PUNCT
cblr-2937	441	23	associate	associate	NOUN
cblr-2937	441	24	professor	professor	NOUN
cblr-2937	441	25	,	,	PUNCT
cblr-2937	441	26	drexel	drexel	PROPN
cblr-2937	441	27	university	university	PROPN
cblr-2937	441	28	)	)	PUNCT
cblr-2937	441	29	.	.	PUNCT
cblr-2937	442	1	"	"	PUNCT
cblr-2937	442	2	see	see	VERB
cblr-2937	442	3	senate	senate	PROPN
cblr-2937	442	4	cra	cra	PROPN
cblr-2937	442	5	oversight	oversight	NOUN
cblr-2937	442	6	hearings	hearing	NOUN
cblr-2937	442	7	,	,	PUNCT
cblr-2937	442	8	supra	supra	PROPN
cblr-2937	442	9	note	note	PROPN
cblr-2937	442	10	62	62	NUM
cblr-2937	442	11	,	,	PUNCT
cblr-2937	442	12	at	at	ADP
cblr-2937	442	13	6	6	NUM
cblr-2937	442	14	-	-	SYM
cblr-2937	442	15	7	7	NUM
cblr-2937	442	16	(	(	PUNCT
cblr-2937	442	17	statement	statement	NOUN
cblr-2937	442	18	of	of	ADP
cblr-2937	442	19	glenn	glenn	PROPN
cblr-2937	442	20	l.	l.	PROPN
cblr-2937	442	21	reynolds	reynolds	PROPN
cblr-2937	442	22	,	,	PUNCT
cblr-2937	442	23	chief	chief	ADJ
cblr-2937	442	24	executive	executive	ADJ
cblr-2937	442	25	officer	officer	NOUN
cblr-2937	442	26	,	,	PUNCT
cblr-2937	442	27	creditsights	creditsights	PROPN
cblr-2937	442	28	,	,	PUNCT
cblr-2937	442	29	inc	inc	PROPN
cblr-2937	442	30	.	.	PROPN
cblr-2937	442	31	)	)	PUNCT
cblr-2937	443	1	(	(	PUNCT
cblr-2937	443	2	"	"	PUNCT
cblr-2937	443	3	that	that	PRON
cblr-2937	443	4	ratings	rating	VERB
cblr-2937	443	5	inflation	inflation	NOUN
cblr-2937	443	6	game	game	NOUN
cblr-2937	443	7	worked	work	VERB
cblr-2937	443	8	for	for	ADP
cblr-2937	443	9	a	a	DET
cblr-2937	443	10	while	while	NOUN
cblr-2937	443	11	in	in	ADP
cblr-2937	443	12	the	the	DET
cblr-2937	443	13	commercial	commercial	ADJ
cblr-2937	443	14	paper	paper	NOUN
cblr-2937	443	15	business	business	NOUN
cblr-2937	443	16	in	in	ADP
cblr-2937	443	17	the	the	DET
cblr-2937	443	18	1980	1980	NUM
cblr-2937	443	19	's	's	PART
cblr-2937	443	20	,	,	PUNCT
cblr-2937	443	21	but	but	CCONJ
cblr-2937	443	22	the	the	DET
cblr-2937	443	23	market	market	NOUN
cblr-2937	443	24	's	's	PART
cblr-2937	443	25	sophistication	sophistication	NOUN
cblr-2937	443	26	has	have	AUX
cblr-2937	443	27	now	now	ADV
cblr-2937	443	28	moved	move	VERB
cblr-2937	443	29	far	far	ADV
cblr-2937	443	30	beyond	beyond	ADP
cblr-2937	443	31	that	that	PRON
cblr-2937	443	32	.	.	PUNCT
cblr-2937	443	33	"	"	PUNCT
cblr-2937	443	34	)	)	PUNCT
cblr-2937	443	35	.	.	PUNCT
cblr-2937	444	1	the	the	DET
cblr-2937	444	2	commercial	commercial	ADJ
cblr-2937	444	3	-	-	PUNCT
cblr-2937	444	4	paper	paper	NOUN
cblr-2937	444	5	example	example	NOUN
cblr-2937	444	6	seems	seem	VERB
cblr-2937	444	7	fully	fully	ADV
cblr-2937	444	8	consistent	consistent	ADJ
cblr-2937	444	9	with	with	ADP
cblr-2937	444	10	the	the	DET
cblr-2937	444	11	argument	argument	NOUN
cblr-2937	444	12	of	of	ADP
cblr-2937	444	13	this	this	DET
cblr-2937	444	14	article	article	NOUN
cblr-2937	444	15	:	:	PUNCT
cblr-2937	444	16	even	even	ADV
cblr-2937	444	17	if	if	SCONJ
cblr-2937	444	18	poor	poor	ADJ
cblr-2937	444	19	-	-	PUNCT
cblr-2937	444	20	quality	quality	NOUN
cblr-2937	444	21	ratings	rating	NOUN
cblr-2937	444	22	are	be	AUX
cblr-2937	444	23	eventually	eventually	ADV
cblr-2937	444	24	found	find	VERB
cblr-2937	444	25	out	out	ADP
cblr-2937	444	26	and	and	CCONJ
cblr-2937	444	27	punished	punish	VERB
cblr-2937	444	28	,	,	PUNCT
cblr-2937	444	29	a	a	DET
cblr-2937	444	30	strategy	strategy	NOUN
cblr-2937	444	31	of	of	ADP
cblr-2937	444	32	issuing	issue	VERB
cblr-2937	444	33	low	low	ADJ
cblr-2937	444	34	-	-	PUNCT
cblr-2937	444	35	quality	quality	NOUN
cblr-2937	444	36	ratings	rating	NOUN
cblr-2937	444	37	apparently	apparently	ADV
cblr-2937	444	38	can	can	AUX
cblr-2937	444	39	be	be	AUX
cblr-2937	444	40	successful	successful	ADJ
cblr-2937	444	41	for	for	ADP
cblr-2937	444	42	a	a	DET
cblr-2937	444	43	while	while	NOUN
cblr-2937	444	44	.	.	PUNCT
cblr-2937	445	1	a	a	DET
cblr-2937	445	2	general	general	ADJ
cblr-2937	445	3	appeal	appeal	NOUN
cblr-2937	445	4	to	to	ADP
cblr-2937	445	5	no	no	NOUN
cblr-2937	445	6	.	.	PUNCT
cblr-2937	446	1	1:109	1:109	NUM
cblr-2937	446	2	]	]	X
cblr-2937	446	3	columbia	columbia	PROPN
cblr-2937	446	4	business	business	PROPN
cblr-2937	446	5	la	la	PROPN
cblr-2937	446	6	w	w	PROPN
cblr-2937	446	7	re	re	PROPN
cblr-2937	446	8	vie	vie	PROPN
cblr-2937	446	9	w	w	PROPN
cblr-2937	446	10	it	it	PRON
cblr-2937	446	11	is	be	AUX
cblr-2937	446	12	too	too	ADV
cblr-2937	446	13	early	early	ADJ
cblr-2937	446	14	to	to	PART
cblr-2937	446	15	tell	tell	VERB
cblr-2937	446	16	whether	whether	SCONJ
cblr-2937	446	17	the	the	DET
cblr-2937	446	18	competition	competition	NOUN
cblr-2937	446	19	-	-	PUNCT
cblr-2937	446	20	enhancing	enhance	VERB
cblr-2937	446	21	efforts	effort	NOUN
cblr-2937	446	22	of	of	ADP
cblr-2937	446	23	the	the	DET
cblr-2937	446	24	past	past	ADJ
cblr-2937	446	25	few	few	ADJ
cblr-2937	446	26	years	year	NOUN
cblr-2937	446	27	are	be	AUX
cblr-2937	446	28	wise	wise	ADJ
cblr-2937	446	29	in	in	ADP
cblr-2937	446	30	light	light	NOUN
cblr-2937	446	31	of	of	ADP
cblr-2937	446	32	other	other	ADJ
cblr-2937	446	33	characteristics	characteristic	NOUN
cblr-2937	446	34	of	of	ADP
cblr-2937	446	35	the	the	DET
cblr-2937	446	36	market	market	NOUN
cblr-2937	446	37	or	or	CCONJ
cblr-2937	446	38	whether	whether	SCONJ
cblr-2937	446	39	they	they	PRON
cblr-2937	446	40	are	be	AUX
cblr-2937	446	41	effective	effective	ADJ
cblr-2937	446	42	in	in	ADP
cblr-2937	446	43	practice	practice	NOUN
cblr-2937	446	44	.	.	PUNCT
cblr-2937	447	1	but	but	CCONJ
cblr-2937	447	2	competition	competition	NOUN
cblr-2937	447	3	and	and	CCONJ
cblr-2937	447	4	a	a	DET
cblr-2937	447	5	well	well	ADV
cblr-2937	447	6	-	-	PUNCT
cblr-2937	447	7	functioning	function	VERB
cblr-2937	447	8	reputation	reputation	NOUN
cblr-2937	447	9	mechanism	mechanism	NOUN
cblr-2937	447	10	go	go	VERB
cblr-2937	447	11	together	together	ADV
cblr-2937	447	12	.	.	PUNCT
cblr-2937	448	1	the	the	DET
cblr-2937	448	2	mere	mere	ADJ
cblr-2937	448	3	existence	existence	NOUN
cblr-2937	448	4	of	of	ADP
cblr-2937	448	5	many	many	ADJ
cblr-2937	448	6	competitors	competitor	NOUN
cblr-2937	448	7	does	do	AUX
cblr-2937	448	8	not	not	PART
cblr-2937	448	9	guarantee	guarantee	VERB
cblr-2937	448	10	quality	quality	NOUN
cblr-2937	448	11	unless	unless	SCONJ
cblr-2937	448	12	there	there	PRON
cblr-2937	448	13	is	be	VERB
cblr-2937	448	14	something	something	PRON
cblr-2937	448	15	causing	cause	VERB
cblr-2937	448	16	high	high	ADJ
cblr-2937	448	17	-	-	PUNCT
cblr-2937	448	18	quality	quality	NOUN
cblr-2937	448	19	producers	producer	NOUN
cblr-2937	448	20	to	to	PART
cblr-2937	448	21	benefit	benefit	VERB
cblr-2937	448	22	and	and	CCONJ
cblr-2937	448	23	lowquality	lowquality	NOUN
cblr-2937	448	24	producers	producer	NOUN
cblr-2937	448	25	to	to	PART
cblr-2937	448	26	suffer	suffer	VERB
cblr-2937	448	27	.	.	PUNCT
cblr-2937	449	1	in	in	ADP
cblr-2937	449	2	the	the	DET
cblr-2937	449	3	rating	rating	NOUN
cblr-2937	449	4	market	market	NOUN
cblr-2937	449	5	,	,	PUNCT
cblr-2937	449	6	where	where	SCONJ
cblr-2937	449	7	quality	quality	NOUN
cblr-2937	449	8	presumably	presumably	ADV
cblr-2937	449	9	can	can	AUX
cblr-2937	449	10	not	not	PART
cblr-2937	449	11	be	be	AUX
cblr-2937	449	12	determined	determine	VERB
cblr-2937	449	13	in	in	ADP
cblr-2937	449	14	advance	advance	NOUN
cblr-2937	449	15	,	,	PUNCT
cblr-2937	449	16	quality	quality	NOUN
cblr-2937	449	17	is	be	AUX
cblr-2937	449	18	rewarded	reward	VERB
cblr-2937	449	19	because	because	SCONJ
cblr-2937	449	20	high	high	ADJ
cblr-2937	449	21	-	-	PUNCT
cblr-2937	449	22	quality	quality	NOUN
cblr-2937	449	23	producers	producer	NOUN
cblr-2937	449	24	amass	amass	VERB
cblr-2937	449	25	reputational	reputational	ADJ
cblr-2937	449	26	capital	capital	NOUN
cblr-2937	449	27	.	.	PUNCT
cblr-2937	450	1	thus	thus	ADV
cblr-2937	450	2	,	,	PUNCT
cblr-2937	450	3	the	the	DET
cblr-2937	450	4	official	official	ADJ
cblr-2937	450	5	focus	focus	NOUN
cblr-2937	450	6	on	on	ADP
cblr-2937	450	7	increasing	increase	VERB
cblr-2937	450	8	competition	competition	NOUN
cblr-2937	450	9	can	can	AUX
cblr-2937	450	10	be	be	AUX
cblr-2937	450	11	seen	see	VERB
cblr-2937	450	12	as	as	ADP
cblr-2937	450	13	reflecting	reflect	VERB
cblr-2937	450	14	faith	faith	NOUN
cblr-2937	450	15	in	in	ADP
cblr-2937	450	16	the	the	DET
cblr-2937	450	17	ability	ability	NOUN
cblr-2937	450	18	of	of	ADP
cblr-2937	450	19	reputation	reputation	NOUN
cblr-2937	450	20	to	to	PART
cblr-2937	450	21	bring	bring	VERB
cblr-2937	450	22	about	about	ADP
cblr-2937	450	23	good	good	ADJ
cblr-2937	450	24	results	result	NOUN
cblr-2937	450	25	under	under	ADP
cblr-2937	450	26	the	the	DET
cblr-2937	450	27	right	right	ADJ
cblr-2937	450	28	circumstances	circumstance	NOUN
cblr-2937	450	29	.	.	PUNCT
cblr-2937	451	1	2	2	X
cblr-2937	451	2	.	.	X
cblr-2937	451	3	lack	lack	NOUN
cblr-2937	451	4	of	of	ADP
cblr-2937	451	5	"	"	PUNCT
cblr-2937	451	6	transparency	transparency	NOUN
cblr-2937	451	7	"	"	PUNCT
cblr-2937	451	8	regulators	regulator	NOUN
cblr-2937	451	9	were	be	AUX
cblr-2937	451	10	interested	interested	ADJ
cblr-2937	451	11	in	in	ADP
cblr-2937	451	12	promoting	promote	VERB
cblr-2937	451	13	rating	rating	NOUN
cblr-2937	451	14	-	-	PUNCT
cblr-2937	451	15	agency	agency	NOUN
cblr-2937	451	16	transparency	transparency	NOUN
cblr-2937	451	17	before	before	ADP
cblr-2937	451	18	the	the	DET
cblr-2937	451	19	worldwide	worldwide	ADJ
cblr-2937	451	20	credit	credit	NOUN
cblr-2937	451	21	crisis	crisis	NOUN
cblr-2937	451	22	,	,	PUNCT
cblr-2937	451	23	and	and	CCONJ
cblr-2937	451	24	they	they	PRON
cblr-2937	451	25	have	have	AUX
cblr-2937	451	26	become	become	VERB
cblr-2937	451	27	much	much	ADV
cblr-2937	451	28	more	more	ADV
cblr-2937	451	29	interested	interested	ADJ
cblr-2937	451	30	since	since	SCONJ
cblr-2937	451	31	the	the	DET
cblr-2937	451	32	crisis	crisis	NOUN
cblr-2937	451	33	began	begin	VERB
cblr-2937	451	34	.	.	PUNCT
cblr-2937	452	1	the	the	DET
cblr-2937	452	2	topic	topic	NOUN
cblr-2937	452	3	incorporates	incorporate	VERB
cblr-2937	452	4	two	two	NUM
cblr-2937	452	5	types	type	NOUN
cblr-2937	452	6	of	of	ADP
cblr-2937	452	7	transparency	transparency	NOUN
cblr-2937	452	8	:	:	PUNCT
cblr-2937	452	9	methodological	methodological	ADJ
cblr-2937	452	10	transparency	transparency	NOUN
cblr-2937	452	11	(	(	PUNCT
cblr-2937	452	12	an	an	DET
cblr-2937	452	13	outsider	outsider	NOUN
cblr-2937	452	14	's	's	PART
cblr-2937	452	15	ability	ability	NOUN
cblr-2937	452	16	to	to	PART
cblr-2937	452	17	tell	tell	VERB
cblr-2937	452	18	just	just	ADV
cblr-2937	452	19	how	how	SCONJ
cblr-2937	452	20	the	the	DET
cblr-2937	452	21	agencies	agency	NOUN
cblr-2937	452	22	reach	reach	VERB
cblr-2937	452	23	the	the	DET
cblr-2937	452	24	ratings	rating	NOUN
cblr-2937	452	25	they	they	PRON
cblr-2937	452	26	award	award	VERB
cblr-2937	452	27	)	)	PUNCT
cblr-2937	452	28	and	and	CCONJ
cblr-2937	452	29	performance	performance	NOUN
cblr-2937	452	30	transparency	transparency	NOUN
cblr-2937	452	31	(	(	PUNCT
cblr-2937	452	32	the	the	DET
cblr-2937	452	33	ability	ability	NOUN
cblr-2937	452	34	to	to	PART
cblr-2937	452	35	discern	discern	VERB
cblr-2937	452	36	how	how	SCONJ
cblr-2937	452	37	well	well	ADV
cblr-2937	452	38	the	the	DET
cblr-2937	452	39	ratings	rating	NOUN
cblr-2937	452	40	perform	perform	VERB
cblr-2937	452	41	)	)	PUNCT
cblr-2937	452	42	.	.	PUNCT
cblr-2937	453	1	"	"	PUNCT
cblr-2937	453	2	transparency	transparency	NOUN
cblr-2937	453	3	,	,	PUNCT
cblr-2937	453	4	"	"	PUNCT
cblr-2937	453	5	like	like	ADP
cblr-2937	453	6	"	"	PUNCT
cblr-2937	453	7	competition	competition	NOUN
cblr-2937	453	8	,	,	PUNCT
cblr-2937	453	9	"	"	PUNCT
cblr-2937	453	10	is	be	AUX
cblr-2937	453	11	a	a	DET
cblr-2937	453	12	concept	concept	NOUN
cblr-2937	453	13	for	for	ADP
cblr-2937	453	14	which	which	PRON
cblr-2937	453	15	it	it	PRON
cblr-2937	453	16	is	be	AUX
cblr-2937	453	17	easy	easy	ADJ
cblr-2937	453	18	to	to	PART
cblr-2937	453	19	garner	garner	VERB
cblr-2937	453	20	political	political	ADJ
cblr-2937	453	21	support	support	NOUN
cblr-2937	453	22	.	.	PUNCT
cblr-2937	454	1	performance	performance	NOUN
cblr-2937	454	2	transparency	transparency	NOUN
cblr-2937	454	3	,	,	PUNCT
cblr-2937	454	4	at	at	ADP
cblr-2937	454	5	least	least	ADJ
cblr-2937	454	6	,	,	PUNCT
cblr-2937	454	7	seems	seem	VERB
cblr-2937	454	8	clearly	clearly	ADV
cblr-2937	454	9	important	important	ADJ
cblr-2937	454	10	for	for	ADP
cblr-2937	454	11	the	the	DET
cblr-2937	454	12	reputation	reputation	NOUN
cblr-2937	454	13	mechanism	mechanism	NOUN
cblr-2937	454	14	to	to	PART
cblr-2937	454	15	work	work	VERB
cblr-2937	454	16	,	,	PUNCT
cblr-2937	454	17	and	and	CCONJ
cblr-2937	454	18	regulators	regulator	NOUN
cblr-2937	454	19	'	'	PART
cblr-2937	454	20	interest	interest	NOUN
cblr-2937	454	21	in	in	ADP
cblr-2937	454	22	it	it	PRON
cblr-2937	454	23	attests	attest	VERB
cblr-2937	454	24	to	to	ADP
cblr-2937	454	25	their	their	PRON
cblr-2937	454	26	faith	faith	NOUN
cblr-2937	454	27	in	in	ADP
cblr-2937	454	28	the	the	DET
cblr-2937	454	29	reputational	reputational	ADJ
cblr-2937	454	30	model	model	NOUN
cblr-2937	454	31	.	.	PUNCT
cblr-2937	455	1	a.	a.	PROPN
cblr-2937	455	2	methodological	methodological	ADJ
cblr-2937	455	3	transparency	transparency	NOUN
cblr-2937	455	4	the	the	DET
cblr-2937	455	5	2006	2006	NUM
cblr-2937	455	6	act	act	NOUN
cblr-2937	455	7	and	and	CCONJ
cblr-2937	455	8	2007	2007	NUM
cblr-2937	455	9	rules	rule	NOUN
cblr-2937	455	10	attempted	attempt	VERB
cblr-2937	455	11	to	to	PART
cblr-2937	455	12	address	address	VERB
cblr-2937	455	13	the	the	DET
cblr-2937	455	14	issue	issue	NOUN
cblr-2937	455	15	of	of	ADP
cblr-2937	455	16	methodological	methodological	ADJ
cblr-2937	455	17	transparency	transparency	NOUN
cblr-2937	455	18	by	by	ADP
cblr-2937	455	19	requiring	require	VERB
cblr-2937	455	20	nrsros	nrsro	NOUN
cblr-2937	455	21	to	to	PART
cblr-2937	455	22	make	make	VERB
cblr-2937	455	23	public	public	ADJ
cblr-2937	455	24	their	their	PRON
cblr-2937	455	25	registration	registration	NOUN
cblr-2937	455	26	material	material	NOUN
cblr-2937	455	27	,	,	PUNCT
cblr-2937	455	28	including	include	VERB
cblr-2937	455	29	their	their	PRON
cblr-2937	455	30	rating	rating	NOUN
cblr-2937	455	31	procedures	procedure	NOUN
cblr-2937	455	32	.	.	PUNCT
cblr-2937	456	1	4	4	NUM
cblr-2937	456	2	nrsros	nrsro	NOUN
cblr-2937	456	3	also	also	ADV
cblr-2937	456	4	are	be	AUX
cblr-2937	456	5	to	to	PART
cblr-2937	456	6	update	update	VERB
cblr-2937	456	7	and	and	CCONJ
cblr-2937	456	8	amend	amend	VERB
cblr-2937	456	9	"	"	PUNCT
cblr-2937	456	10	market	market	NOUN
cblr-2937	456	11	sophistication	sophistication	NOUN
cblr-2937	456	12	"	"	PUNCT
cblr-2937	456	13	seems	seem	VERB
cblr-2937	456	14	unconvincing	unconvincing	ADJ
cblr-2937	456	15	in	in	ADP
cblr-2937	456	16	connection	connection	NOUN
cblr-2937	456	17	with	with	ADP
cblr-2937	456	18	participants	participant	NOUN
cblr-2937	456	19	'	'	PART
cblr-2937	456	20	apparent	apparent	ADJ
cblr-2937	456	21	lack	lack	NOUN
cblr-2937	456	22	of	of	ADP
cblr-2937	456	23	understanding	understanding	NOUN
cblr-2937	456	24	of	of	ADP
cblr-2937	456	25	novel	novel	ADJ
cblr-2937	456	26	structured	structured	ADJ
cblr-2937	456	27	products	product	NOUN
cblr-2937	456	28	.	.	PUNCT
cblr-2937	457	1	"	"	PUNCT
cblr-2937	457	2	'	'	PUNCT
cblr-2937	457	3	15	15	NUM
cblr-2937	457	4	u.s.c	u.s.c	NOUN
cblr-2937	457	5	.	.	PUNCT
cblr-2937	458	1	§	§	PROPN
cblr-2937	458	2	78o-7(a)(3	78o-7(a)(3	NUM
cblr-2937	458	3	)	)	PUNCT
cblr-2937	458	4	(	(	PUNCT
cblr-2937	458	5	2008	2008	NUM
cblr-2937	458	6	)	)	PUNCT
cblr-2937	458	7	.	.	PUNCT
cblr-2937	459	1	the	the	DET
cblr-2937	459	2	sec	sec	PROPN
cblr-2937	459	3	decided	decide	VERB
cblr-2937	459	4	not	not	PART
cblr-2937	459	5	to	to	PART
cblr-2937	459	6	require	require	VERB
cblr-2937	459	7	disclosure	disclosure	NOUN
cblr-2937	459	8	of	of	ADP
cblr-2937	459	9	rating	rating	NOUN
cblr-2937	459	10	methodologies	methodology	NOUN
cblr-2937	459	11	,	,	PUNCT
cblr-2937	459	12	but	but	CCONJ
cblr-2937	459	13	rather	rather	ADV
cblr-2937	459	14	to	to	PART
cblr-2937	459	15	require	require	VERB
cblr-2937	459	16	disclosure	disclosure	NOUN
cblr-2937	459	17	of	of	ADP
cblr-2937	459	18	"	"	PUNCT
cblr-2937	459	19	a	a	DET
cblr-2937	459	20	[	[	X
cblr-2937	459	21	vol	vol	NOUN
cblr-2937	459	22	.	.	NOUN
cblr-2937	459	23	2009	2009	NUM
cblr-2937	459	24	credit	credit	NOUN
cblr-2937	459	25	ra	ra	PROPN
cblr-2937	459	26	ting	ting	PROPN
cblr-2937	459	27	agencies	agencie	VERB
cblr-2937	459	28	their	their	PRON
cblr-2937	459	29	registrations	registration	NOUN
cblr-2937	459	30	to	to	PART
cblr-2937	459	31	ensure	ensure	VERB
cblr-2937	459	32	that	that	SCONJ
cblr-2937	459	33	they	they	PRON
cblr-2937	459	34	remain	remain	VERB
cblr-2937	459	35	current	current	ADJ
cblr-2937	459	36	.	.	PUNCT
cblr-2937	460	1	95	95	NUM
cblr-2937	461	1	the	the	DET
cblr-2937	461	2	rules	rule	NOUN
cblr-2937	461	3	do	do	AUX
cblr-2937	461	4	not	not	PART
cblr-2937	461	5	seem	seem	VERB
cblr-2937	461	6	to	to	PART
cblr-2937	461	7	have	have	AUX
cblr-2937	461	8	resulted	result	VERB
cblr-2937	461	9	in	in	ADP
cblr-2937	461	10	an	an	DET
cblr-2937	461	11	increase	increase	NOUN
cblr-2937	461	12	in	in	ADP
cblr-2937	461	13	usable	usable	ADJ
cblr-2937	461	14	information	information	NOUN
cblr-2937	461	15	about	about	ADP
cblr-2937	461	16	agency	agency	NOUN
cblr-2937	461	17	methodologies	methodology	NOUN
cblr-2937	461	18	,	,	PUNCT
cblr-2937	461	19	as	as	SCONJ
cblr-2937	461	20	the	the	DET
cblr-2937	461	21	major	major	ADJ
cblr-2937	461	22	agencies	agency	NOUN
cblr-2937	461	23	'	'	PART
cblr-2937	461	24	descriptions	description	NOUN
cblr-2937	461	25	of	of	ADP
cblr-2937	461	26	their	their	PRON
cblr-2937	461	27	procedures	procedure	NOUN
cblr-2937	461	28	in	in	ADP
cblr-2937	461	29	sec	sec	PROPN
cblr-2937	461	30	filings	filing	NOUN
cblr-2937	461	31	are	be	AUX
cblr-2937	461	32	quite	quite	ADV
cblr-2937	461	33	vague	vague	ADJ
cblr-2937	461	34	.	.	PUNCT
cblr-2937	461	35	"	"	PUNCT
cblr-2937	462	1	the	the	DET
cblr-2937	462	2	sec	sec	PROPN
cblr-2937	462	3	's	's	PART
cblr-2937	462	4	first	first	ADJ
cblr-2937	462	5	set	set	NOUN
cblr-2937	462	6	of	of	ADP
cblr-2937	462	7	methodological	methodological	ADJ
cblr-2937	462	8	disclosure	disclosure	NOUN
cblr-2937	462	9	rules	rule	NOUN
cblr-2937	462	10	appears	appear	VERB
cblr-2937	462	11	to	to	PART
cblr-2937	462	12	have	have	AUX
cblr-2937	462	13	added	add	VERB
cblr-2937	462	14	little	little	ADJ
cblr-2937	462	15	to	to	ADP
cblr-2937	462	16	what	what	PRON
cblr-2937	462	17	was	be	AUX
cblr-2937	462	18	already	already	ADV
cblr-2937	462	19	available	available	ADJ
cblr-2937	462	20	.	.	PUNCT
cblr-2937	463	1	in	in	ADP
cblr-2937	463	2	the	the	DET
cblr-2937	463	3	area	area	NOUN
cblr-2937	463	4	of	of	ADP
cblr-2937	463	5	structured	structured	ADJ
cblr-2937	463	6	finance	finance	NOUN
cblr-2937	463	7	specifically	specifically	ADV
cblr-2937	463	8	,	,	PUNCT
cblr-2937	463	9	the	the	DET
cblr-2937	463	10	agencies	agency	NOUN
cblr-2937	463	11	already	already	ADV
cblr-2937	463	12	made	make	VERB
cblr-2937	463	13	voluminous	voluminous	ADJ
cblr-2937	463	14	information	information	NOUN
cblr-2937	463	15	about	about	ADP
cblr-2937	463	16	their	their	PRON
cblr-2937	463	17	rating	rating	NOUN
cblr-2937	463	18	criteria	criterion	NOUN
cblr-2937	463	19	available	available	ADJ
cblr-2937	463	20	,	,	PUNCT
cblr-2937	463	21	and	and	CCONJ
cblr-2937	463	22	this	this	DET
cblr-2937	463	23	information	information	NOUN
cblr-2937	463	24	seems	seem	VERB
cblr-2937	463	25	much	much	ADV
cblr-2937	463	26	more	more	ADV
cblr-2937	463	27	specific	specific	ADJ
cblr-2937	463	28	and	and	CCONJ
cblr-2937	463	29	useful	useful	ADJ
cblr-2937	463	30	than	than	ADP
cblr-2937	463	31	that	that	PRON
cblr-2937	463	32	contained	contain	VERB
cblr-2937	463	33	in	in	ADP
cblr-2937	463	34	the	the	DET
cblr-2937	463	35	sec	sec	PROPN
cblr-2937	463	36	filings	filing	NOUN
cblr-2937	463	37	,	,	PUNCT
cblr-2937	463	38	97	97	NUM
cblr-2937	463	39	although	although	SCONJ
cblr-2937	463	40	some	some	DET
cblr-2937	463	41	commentators	commentator	NOUN
cblr-2937	463	42	have	have	AUX
cblr-2937	463	43	criticized	criticize	VERB
cblr-2937	463	44	these	these	DET
cblr-2937	463	45	documents	document	NOUN
cblr-2937	463	46	on	on	ADP
cblr-2937	463	47	the	the	DET
cblr-2937	463	48	ground	ground	NOUN
cblr-2937	463	49	that	that	SCONJ
cblr-2937	463	50	they	they	PRON
cblr-2937	463	51	are	be	AUX
cblr-2937	463	52	not	not	PART
cblr-2937	463	53	specific	specific	ADJ
cblr-2937	463	54	enough	enough	ADV
cblr-2937	463	55	for	for	SCONJ
cblr-2937	463	56	an	an	DET
cblr-2937	463	57	outsider	outsider	NOUN
cblr-2937	463	58	to	to	PART
cblr-2937	463	59	determine	determine	VERB
cblr-2937	463	60	exactly	exactly	ADV
cblr-2937	463	61	how	how	SCONJ
cblr-2937	463	62	a	a	DET
cblr-2937	463	63	given	give	VERB
cblr-2937	463	64	security	security	NOUN
cblr-2937	463	65	will	will	AUX
cblr-2937	463	66	be	be	AUX
cblr-2937	463	67	rated.98	rated.98	NOUN
cblr-2937	463	68	the	the	DET
cblr-2937	463	69	sec	sec	PROPN
cblr-2937	463	70	's	's	PART
cblr-2937	463	71	2008	2008	NUM
cblr-2937	463	72	proposed	propose	VERB
cblr-2937	463	73	rules	rule	NOUN
cblr-2937	463	74	contained	contain	VERB
cblr-2937	463	75	provisions	provision	NOUN
cblr-2937	463	76	intended	intend	VERB
cblr-2937	463	77	to	to	PART
cblr-2937	463	78	enhance	enhance	VERB
cblr-2937	463	79	methodological	methodological	ADJ
cblr-2937	463	80	transparency	transparency	NOUN
cblr-2937	463	81	.	.	PUNCT
cblr-2937	464	1	the	the	DET
cblr-2937	464	2	sec	sec	PROPN
cblr-2937	464	3	's	's	PART
cblr-2937	464	4	proposal	proposal	NOUN
cblr-2937	464	5	called	call	VERB
cblr-2937	464	6	for	for	SCONJ
cblr-2937	464	7	agencies	agency	NOUN
cblr-2937	464	8	to	to	PART
cblr-2937	464	9	disclose	disclose	VERB
cblr-2937	464	10	how	how	SCONJ
cblr-2937	464	11	frequently	frequently	ADV
cblr-2937	464	12	credit	credit	NOUN
cblr-2937	464	13	ratings	rating	NOUN
cblr-2937	464	14	are	be	AUX
cblr-2937	464	15	reviewed	review	VERB
cblr-2937	464	16	,	,	PUNCT
cblr-2937	464	17	whether	whether	SCONJ
cblr-2937	464	18	different	different	ADJ
cblr-2937	464	19	models	model	NOUN
cblr-2937	464	20	or	or	CCONJ
cblr-2937	464	21	description	description	NOUN
cblr-2937	464	22	of	of	ADP
cblr-2937	464	23	rating	rating	NOUN
cblr-2937	464	24	procedures	procedure	NOUN
cblr-2937	464	25	and	and	CCONJ
cblr-2937	464	26	methodologies	methodology	NOUN
cblr-2937	464	27	.	.	PUNCT
cblr-2937	464	28	"	"	PUNCT
cblr-2937	465	1	sec	sec	PROPN
cblr-2937	465	2	2007	2007	NUM
cblr-2937	465	3	rule	rule	NOUN
cblr-2937	465	4	,	,	PUNCT
cblr-2937	465	5	supra	supra	PROPN
cblr-2937	465	6	note	note	PROPN
cblr-2937	465	7	67	67	NUM
cblr-2937	465	8	,	,	PUNCT
cblr-2937	465	9	at	at	ADP
cblr-2937	465	10	33,575	33,575	NUM
cblr-2937	465	11	.	.	PUNCT
cblr-2937	466	1	as	as	ADP
cblr-2937	466	2	a	a	DET
cblr-2937	466	3	result	result	NOUN
cblr-2937	466	4	,	,	PUNCT
cblr-2937	466	5	current	current	ADJ
cblr-2937	466	6	rating	rating	NOUN
cblr-2937	466	7	agency	agency	NOUN
cblr-2937	466	8	certifications	certification	NOUN
cblr-2937	466	9	contain	contain	VERB
cblr-2937	466	10	a	a	DET
cblr-2937	466	11	wealth	wealth	NOUN
cblr-2937	466	12	of	of	ADP
cblr-2937	466	13	information	information	NOUN
cblr-2937	466	14	on	on	ADP
cblr-2937	466	15	agency	agency	NOUN
cblr-2937	466	16	committee	committee	NOUN
cblr-2937	466	17	processes	process	NOUN
cblr-2937	466	18	,	,	PUNCT
cblr-2937	466	19	but	but	CCONJ
cblr-2937	466	20	little	little	ADJ
cblr-2937	466	21	information	information	NOUN
cblr-2937	466	22	on	on	ADP
cblr-2937	466	23	how	how	SCONJ
cblr-2937	466	24	they	they	PRON
cblr-2937	466	25	substantively	substantively	ADV
cblr-2937	466	26	decide	decide	VERB
cblr-2937	466	27	on	on	ADP
cblr-2937	466	28	ratings	rating	NOUN
cblr-2937	466	29	.	.	PUNCT
cblr-2937	467	1	see	see	VERB
cblr-2937	467	2	,	,	PUNCT
cblr-2937	467	3	e.g.	e.g.	ADV
cblr-2937	467	4	,	,	PUNCT
cblr-2937	467	5	sec	sec	PROPN
cblr-2937	467	6	staff	staff	NOUN
cblr-2937	467	7	examination	examination	NOUN
cblr-2937	467	8	report	report	NOUN
cblr-2937	467	9	,	,	PUNCT
cblr-2937	467	10	supra	supra	PROPN
cblr-2937	467	11	note	note	PROPN
cblr-2937	467	12	38	38	NUM
cblr-2937	467	13	,	,	PUNCT
cblr-2937	467	14	at	at	ADP
cblr-2937	467	15	16	16	NUM
cblr-2937	467	16	;	;	PUNCT
cblr-2937	467	17	moody	moody	PROPN
cblr-2937	467	18	's	's	PART
cblr-2937	467	19	investors	investor	NOUN
cblr-2937	467	20	service	service	NOUN
cblr-2937	467	21	,	,	PUNCT
cblr-2937	467	22	application	application	NOUN
cblr-2937	467	23	for	for	ADP
cblr-2937	467	24	registration	registration	NOUN
cblr-2937	467	25	as	as	ADP
cblr-2937	467	26	a	a	DET
cblr-2937	467	27	nationally	nationally	ADV
cblr-2937	467	28	recognized	recognize	VERB
cblr-2937	467	29	statistical	statistical	ADJ
cblr-2937	467	30	rating	rating	NOUN
cblr-2937	467	31	organization	organization	NOUN
cblr-2937	467	32	,	,	PUNCT
cblr-2937	467	33	at	at	ADP
cblr-2937	467	34	10	10	NUM
cblr-2937	467	35	-	-	SYM
cblr-2937	467	36	17	17	NUM
cblr-2937	467	37	(	(	PUNCT
cblr-2937	467	38	mar	mar	PROPN
cblr-2937	467	39	.	.	PROPN
cblr-2937	467	40	28	28	NUM
cblr-2937	467	41	,	,	PUNCT
cblr-2937	467	42	2008	2008	NUM
cblr-2937	467	43	)	)	PUNCT
cblr-2937	467	44	.	.	PUNCT
cblr-2937	468	1	9	9	NUM
cblr-2937	468	2	'	'	PART
cblr-2937	468	3	15	15	NUM
cblr-2937	468	4	u.s.c	u.s.c	NOUN
cblr-2937	468	5	.	.	PUNCT
cblr-2937	469	1	§	§	PROPN
cblr-2937	469	2	78o-7(b	78o-7(b	NUM
cblr-2937	469	3	)	)	PUNCT
cblr-2937	469	4	.	.	PUNCT
cblr-2937	470	1	the	the	DET
cblr-2937	470	2	sec	sec	PROPN
cblr-2937	470	3	apparently	apparently	ADV
cblr-2937	470	4	agreed	agree	VERB
cblr-2937	470	5	to	to	ADP
cblr-2937	470	6	such	such	ADJ
cblr-2937	470	7	vague	vague	ADJ
cblr-2937	470	8	descriptions	description	NOUN
cblr-2937	470	9	when	when	SCONJ
cblr-2937	470	10	it	it	PRON
cblr-2937	470	11	decided	decide	VERB
cblr-2937	470	12	to	to	PART
cblr-2937	470	13	require	require	VERB
cblr-2937	470	14	rating	rating	NOUN
cblr-2937	470	15	agencies	agency	NOUN
cblr-2937	470	16	to	to	PART
cblr-2937	470	17	"	"	PUNCT
cblr-2937	470	18	describe	describe	VERB
cblr-2937	470	19	"	"	PUNCT
cblr-2937	470	20	their	their	PRON
cblr-2937	470	21	procedures	procedure	NOUN
cblr-2937	470	22	and	and	CCONJ
cblr-2937	470	23	methodologies	methodology	NOUN
cblr-2937	470	24	rather	rather	ADV
cblr-2937	470	25	than	than	ADP
cblr-2937	470	26	actually	actually	ADV
cblr-2937	470	27	make	make	VERB
cblr-2937	470	28	the	the	DET
cblr-2937	470	29	procedures	procedure	NOUN
cblr-2937	470	30	and	and	CCONJ
cblr-2937	470	31	methodologies	methodology	NOUN
cblr-2937	470	32	themselves	themselves	PRON
cblr-2937	470	33	available	available	ADJ
cblr-2937	470	34	.	.	PUNCT
cblr-2937	471	1	see	see	VERB
cblr-2937	471	2	sec	sec	PROPN
cblr-2937	471	3	2007	2007	NUM
cblr-2937	471	4	rule	rule	NOUN
cblr-2937	471	5	,	,	PUNCT
cblr-2937	471	6	supra	supra	PROPN
cblr-2937	471	7	note	note	PROPN
cblr-2937	471	8	67	67	NUM
cblr-2937	471	9	,	,	PUNCT
cblr-2937	471	10	at	at	ADP
cblr-2937	471	11	33,575	33,575	NUM
cblr-2937	471	12	.	.	PUNCT
cblr-2937	472	1	9	9	NUM
cblr-2937	472	2	'	'	PART
cblr-2937	472	3	standard	standard	ADJ
cblr-2937	472	4	&	&	CCONJ
cblr-2937	472	5	poor	poor	PROPN
cblr-2937	472	6	's	's	PART
cblr-2937	472	7	,	,	PUNCT
cblr-2937	472	8	the	the	DET
cblr-2937	472	9	fundamentals	fundamental	NOUN
cblr-2937	472	10	of	of	ADP
cblr-2937	472	11	structured	structured	ADJ
cblr-2937	472	12	product	product	NOUN
cblr-2937	472	13	ratings	rating	NOUN
cblr-2937	472	14	14	14	NUM
cblr-2937	472	15	(	(	PUNCT
cblr-2937	472	16	2007	2007	NUM
cblr-2937	472	17	)	)	PUNCT
cblr-2937	472	18	(	(	PUNCT
cblr-2937	472	19	"	"	PUNCT
cblr-2937	472	20	all	all	DET
cblr-2937	472	21	our	our	PRON
cblr-2937	472	22	structured	structured	ADJ
cblr-2937	472	23	finance	finance	NOUN
cblr-2937	472	24	assumptions	assumption	NOUN
cblr-2937	472	25	,	,	PUNCT
cblr-2937	472	26	criteria	criterion	NOUN
cblr-2937	472	27	,	,	PUNCT
cblr-2937	472	28	and	and	CCONJ
cblr-2937	472	29	methodologies	methodology	NOUN
cblr-2937	472	30	are	be	AUX
cblr-2937	472	31	public	public	ADJ
cblr-2937	472	32	-	-	PUNCT
cblr-2937	472	33	none	none	NOUN
cblr-2937	472	34	of	of	ADP
cblr-2937	472	35	them	they	PRON
cblr-2937	472	36	is	be	AUX
cblr-2937	472	37	secret	secret	ADJ
cblr-2937	472	38	.	.	PUNCT
cblr-2937	472	39	"	"	PUNCT
cblr-2937	472	40	)	)	PUNCT
cblr-2937	473	1	;	;	PUNCT
cblr-2937	473	2	ashcraft	ashcraft	PROPN
cblr-2937	473	3	&	&	CCONJ
cblr-2937	473	4	scheuermann	scheuermann	PROPN
cblr-2937	473	5	,	,	PUNCT
cblr-2937	473	6	supra	supra	PROPN
cblr-2937	473	7	note	note	PROPN
cblr-2937	473	8	24	24	NUM
cblr-2937	473	9	,	,	PUNCT
cblr-2937	473	10	at	at	ADP
cblr-2937	473	11	ii	ii	PROPN
cblr-2937	473	12	,	,	PUNCT
cblr-2937	473	13	17	17	NUM
cblr-2937	473	14	.	.	PUNCT
cblr-2937	474	1	"	"	PUNCT
cblr-2937	474	2	'	'	PUNCT
cblr-2937	474	3	house	house	NOUN
cblr-2937	474	4	structured	structure	VERB
cblr-2937	474	5	finance	finance	NOUN
cblr-2937	474	6	hearings	hearing	NOUN
cblr-2937	474	7	,	,	PUNCT
cblr-2937	474	8	supra	supra	PROPN
cblr-2937	474	9	note	note	NOUN
cblr-2937	474	10	57	57	NUM
cblr-2937	474	11	,	,	PUNCT
cblr-2937	474	12	at	at	ADP
cblr-2937	474	13	18	18	NUM
cblr-2937	474	14	(	(	PUNCT
cblr-2937	474	15	testimony	testimony	NOUN
cblr-2937	474	16	of	of	ADP
cblr-2937	474	17	joseph	joseph	PROPN
cblr-2937	474	18	r.	r.	PROPN
cblr-2937	474	19	mason	mason	PROPN
cblr-2937	474	20	,	,	PUNCT
cblr-2937	474	21	associate	associate	ADJ
cblr-2937	474	22	professor	professor	NOUN
cblr-2937	474	23	of	of	ADP
cblr-2937	474	24	finance	finance	NOUN
cblr-2937	474	25	,	,	PUNCT
cblr-2937	474	26	drexel	drexel	PROPN
cblr-2937	474	27	university	university	PROPN
cblr-2937	474	28	)	)	PUNCT
cblr-2937	474	29	(	(	PUNCT
cblr-2937	474	30	"	"	PUNCT
cblr-2937	474	31	while	while	SCONJ
cblr-2937	474	32	the	the	DET
cblr-2937	474	33	general	general	ADJ
cblr-2937	474	34	statistical	statistical	ADJ
cblr-2937	474	35	methods	method	NOUN
cblr-2937	474	36	for	for	ADP
cblr-2937	474	37	nrsro	nrsro	ADJ
cblr-2937	474	38	ratings	rating	NOUN
cblr-2937	474	39	criteria	criterion	NOUN
cblr-2937	474	40	are	be	AUX
cblr-2937	474	41	disclosed	disclose	VERB
cblr-2937	474	42	,	,	PUNCT
cblr-2937	474	43	the	the	DET
cblr-2937	474	44	nrsro	nrsro	ADJ
cblr-2937	474	45	ratings	rating	NOUN
cblr-2937	474	46	criteria	criterion	NOUN
cblr-2937	474	47	are	be	AUX
cblr-2937	474	48	not	not	PART
cblr-2937	474	49	disclosed	disclose	VERB
cblr-2937	474	50	to	to	ADP
cblr-2937	474	51	a	a	DET
cblr-2937	474	52	level	level	NOUN
cblr-2937	474	53	of	of	ADP
cblr-2937	474	54	replicability	replicability	NOUN
cblr-2937	474	55	.	.	PUNCT
cblr-2937	475	1	the	the	DET
cblr-2937	475	2	reason	reason	NOUN
cblr-2937	475	3	is	be	AUX
cblr-2937	475	4	that	that	SCONJ
cblr-2937	475	5	the	the	DET
cblr-2937	475	6	nrsros	nrsro	NOUN
cblr-2937	475	7	do	do	AUX
cblr-2937	475	8	not	not	PART
cblr-2937	475	9	release	release	VERB
cblr-2937	475	10	the	the	DET
cblr-2937	475	11	economic	economic	ADJ
cblr-2937	475	12	assumptions	assumption	NOUN
cblr-2937	475	13	they	they	PRON
cblr-2937	475	14	include	include	VERB
cblr-2937	475	15	in	in	ADP
cblr-2937	475	16	the	the	DET
cblr-2937	475	17	models	model	NOUN
cblr-2937	475	18	.	.	PUNCT
cblr-2937	476	1	"	"	PUNCT
cblr-2937	476	2	)	)	PUNCT
cblr-2937	476	3	.	.	PUNCT
cblr-2937	477	1	no	no	INTJ
cblr-2937	477	2	.	.	PUNCT
cblr-2937	478	1	1:109	1:109	NUM
cblr-2937	478	2	]	]	PUNCT
cblr-2937	478	3	criteria	criterion	NOUN
cblr-2937	478	4	are	be	AUX
cblr-2937	478	5	used	use	VERB
cblr-2937	478	6	for	for	ADP
cblr-2937	478	7	reviews	review	NOUN
cblr-2937	478	8	as	as	SCONJ
cblr-2937	478	9	opposed	oppose	VERB
cblr-2937	478	10	to	to	ADP
cblr-2937	478	11	initial	initial	ADJ
cblr-2937	478	12	ratings	rating	NOUN
cblr-2937	478	13	,	,	PUNCT
cblr-2937	478	14	and	and	CCONJ
cblr-2937	478	15	whether	whether	SCONJ
cblr-2937	478	16	changes	change	NOUN
cblr-2937	478	17	to	to	ADP
cblr-2937	478	18	models	model	NOUN
cblr-2937	478	19	are	be	AUX
cblr-2937	478	20	applied	apply	VERB
cblr-2937	478	21	retroactively	retroactively	ADV
cblr-2937	478	22	to	to	ADP
cblr-2937	478	23	existing	exist	VERB
cblr-2937	478	24	ratings	rating	NOUN
cblr-2937	478	25	.	.	PUNCT
cblr-2937	479	1	for	for	ADP
cblr-2937	479	2	structured	structured	ADJ
cblr-2937	479	3	products	product	NOUN
cblr-2937	479	4	,	,	PUNCT
cblr-2937	479	5	the	the	DET
cblr-2937	479	6	sec	sec	PROPN
cblr-2937	479	7	's	's	PART
cblr-2937	479	8	proposal	proposal	NOUN
cblr-2937	479	9	called	call	VERB
cblr-2937	479	10	for	for	ADP
cblr-2937	479	11	disclosure	disclosure	NOUN
cblr-2937	479	12	of	of	ADP
cblr-2937	479	13	how	how	SCONJ
cblr-2937	479	14	information	information	NOUN
cblr-2937	479	15	about	about	ADP
cblr-2937	479	16	verification	verification	NOUN
cblr-2937	479	17	performed	perform	VERB
cblr-2937	479	18	on	on	ADP
cblr-2937	479	19	the	the	DET
cblr-2937	479	20	underlying	underlie	VERB
cblr-2937	479	21	assets	asset	NOUN
cblr-2937	479	22	,	,	PUNCT
cblr-2937	479	23	and	and	CCONJ
cblr-2937	479	24	the	the	DET
cblr-2937	479	25	quality	quality	NOUN
cblr-2937	479	26	of	of	ADP
cblr-2937	479	27	the	the	DET
cblr-2937	479	28	originators	originator	NOUN
cblr-2937	479	29	of	of	ADP
cblr-2937	479	30	those	those	DET
cblr-2937	479	31	assets	asset	NOUN
cblr-2937	479	32	,	,	PUNCT
cblr-2937	479	33	is	be	AUX
cblr-2937	479	34	incorporated	incorporate	VERB
cblr-2937	479	35	into	into	ADP
cblr-2937	479	36	ratings	rating	NOUN
cblr-2937	479	37	.	.	PUNCT
cblr-2937	479	38	"	"	PUNCT
cblr-2937	480	1	although	although	SCONJ
cblr-2937	480	2	these	these	DET
cblr-2937	480	3	disclosures	disclosure	NOUN
cblr-2937	480	4	seem	seem	VERB
cblr-2937	480	5	unobjectionable	unobjectionable	ADJ
cblr-2937	480	6	,	,	PUNCT
cblr-2937	480	7	one	one	PRON
cblr-2937	480	8	might	might	AUX
cblr-2937	480	9	ask	ask	VERB
cblr-2937	480	10	why	why	SCONJ
cblr-2937	480	11	the	the	DET
cblr-2937	480	12	market	market	NOUN
cblr-2937	480	13	has	have	AUX
cblr-2937	480	14	not	not	PART
cblr-2937	480	15	demanded	demand	VERB
cblr-2937	480	16	them	they	PRON
cblr-2937	480	17	from	from	ADP
cblr-2937	480	18	the	the	DET
cblr-2937	480	19	agencies	agency	NOUN
cblr-2937	480	20	already.100	already.100	ADP
cblr-2937	480	21	in	in	ADP
cblr-2937	480	22	any	any	DET
cblr-2937	480	23	event	event	NOUN
cblr-2937	480	24	,	,	PUNCT
cblr-2937	480	25	the	the	DET
cblr-2937	480	26	sec	sec	PROPN
cblr-2937	480	27	did	do	AUX
cblr-2937	480	28	not	not	PART
cblr-2937	480	29	adopt	adopt	VERB
cblr-2937	480	30	the	the	DET
cblr-2937	480	31	disclosure	disclosure	NOUN
cblr-2937	480	32	requirements	requirement	NOUN
cblr-2937	480	33	.	.	PUNCT
cblr-2937	480	34	"	"	PUNCT
cblr-2937	481	1	1	1	NUM
cblr-2937	481	2	in	in	ADP
cblr-2937	481	3	paying	pay	VERB
cblr-2937	481	4	lip	lip	NOUN
cblr-2937	481	5	service	service	NOUN
cblr-2937	481	6	to	to	ADP
cblr-2937	481	7	transparency	transparency	NOUN
cblr-2937	481	8	in	in	ADP
cblr-2937	481	9	all	all	DET
cblr-2937	481	10	its	its	PRON
cblr-2937	481	11	forms	form	NOUN
cblr-2937	481	12	while	while	SCONJ
cblr-2937	481	13	adopting	adopt	VERB
cblr-2937	481	14	rules	rule	NOUN
cblr-2937	481	15	that	that	PRON
cblr-2937	481	16	appear	appear	VERB
cblr-2937	481	17	to	to	PART
cblr-2937	481	18	be	be	AUX
cblr-2937	481	19	of	of	ADP
cblr-2937	481	20	limited	limited	ADJ
cblr-2937	481	21	effect	effect	NOUN
cblr-2937	481	22	,	,	PUNCT
cblr-2937	481	23	the	the	DET
cblr-2937	481	24	sec	sec	PROPN
cblr-2937	481	25	appears	appear	VERB
cblr-2937	481	26	to	to	PART
cblr-2937	481	27	be	be	AUX
cblr-2937	481	28	assuming	assume	VERB
cblr-2937	481	29	that	that	SCONJ
cblr-2937	481	30	greater	great	ADJ
cblr-2937	481	31	transparency	transparency	NOUN
cblr-2937	481	32	leads	lead	VERB
cblr-2937	481	33	to	to	ADP
cblr-2937	481	34	better	well	ADJ
cblr-2937	481	35	investor	investor	NOUN
cblr-2937	481	36	monitoring	monitoring	NOUN
cblr-2937	481	37	of	of	ADP
cblr-2937	481	38	rating	rating	NOUN
cblr-2937	481	39	agencies	agency	NOUN
cblr-2937	481	40	and	and	CCONJ
cblr-2937	481	41	better	well	ADJ
cblr-2937	481	42	functioning	functioning	NOUN
cblr-2937	481	43	of	of	ADP
cblr-2937	481	44	the	the	DET
cblr-2937	481	45	reputation	reputation	NOUN
cblr-2937	481	46	mechanism	mechanism	NOUN
cblr-2937	481	47	.	.	PUNCT
cblr-2937	482	1	but	but	CCONJ
cblr-2937	482	2	the	the	DET
cblr-2937	482	3	most	most	ADV
cblr-2937	482	4	important	important	ADJ
cblr-2937	482	5	aspect	aspect	NOUN
cblr-2937	482	6	of	of	ADP
cblr-2937	482	7	methodological	methodological	ADJ
cblr-2937	482	8	transparency	transparency	NOUN
cblr-2937	482	9	may	may	AUX
cblr-2937	482	10	be	be	AUX
cblr-2937	482	11	the	the	DET
cblr-2937	482	12	extent	extent	NOUN
cblr-2937	482	13	to	to	PART
cblr-2937	482	14	which	which	PRON
cblr-2937	482	15	it	it	PRON
cblr-2937	482	16	undermines	undermine	VERB
cblr-2937	482	17	the	the	DET
cblr-2937	482	18	reputational	reputational	ADJ
cblr-2937	482	19	model	model	NOUN
cblr-2937	482	20	.	.	PUNCT
cblr-2937	483	1	the	the	DET
cblr-2937	483	2	fact	fact	NOUN
cblr-2937	483	3	that	that	SCONJ
cblr-2937	483	4	agencies	agency	NOUN
cblr-2937	483	5	are	be	AUX
cblr-2937	483	6	willing	willing	ADJ
cblr-2937	483	7	to	to	PART
cblr-2937	483	8	give	give	VERB
cblr-2937	483	9	away	away	ADP
cblr-2937	483	10	their	their	PRON
cblr-2937	483	11	models	model	NOUN
cblr-2937	483	12	suggests	suggest	VERB
cblr-2937	483	13	that	that	SCONJ
cblr-2937	483	14	something	something	PRON
cblr-2937	483	15	is	be	AUX
cblr-2937	483	16	wrong	wrong	ADJ
cblr-2937	483	17	with	with	ADP
cblr-2937	483	18	the	the	DET
cblr-2937	483	19	"	"	PUNCT
cblr-2937	483	20	reputationalcapital	reputationalcapital	ADJ
cblr-2937	483	21	"	"	PUNCT
cblr-2937	483	22	model	model	NOUN
cblr-2937	483	23	.	.	PUNCT
cblr-2937	484	1	it	it	PRON
cblr-2937	484	2	suggests	suggest	VERB
cblr-2937	484	3	that	that	SCONJ
cblr-2937	484	4	the	the	DET
cblr-2937	484	5	rating	rating	NOUN
cblr-2937	484	6	agencies	agency	NOUN
cblr-2937	484	7	'	'	PART
cblr-2937	484	8	creditassessment	creditassessment	NOUN
cblr-2937	484	9	techniques	technique	NOUN
cblr-2937	484	10	are	be	AUX
cblr-2937	484	11	not	not	PART
cblr-2937	484	12	valuable	valuable	ADJ
cblr-2937	484	13	,	,	PUNCT
cblr-2937	484	14	so	so	SCONJ
cblr-2937	484	15	that	that	SCONJ
cblr-2937	484	16	ratings	rating	NOUN
cblr-2937	484	17	derive	derive	VERB
cblr-2937	484	18	their	their	PRON
cblr-2937	484	19	value	value	NOUN
cblr-2937	484	20	from	from	ADP
cblr-2937	484	21	something	something	PRON
cblr-2937	484	22	other	other	ADJ
cblr-2937	484	23	than	than	ADP
cblr-2937	484	24	high	high	ADJ
cblr-2937	484	25	quality	quality	NOUN
cblr-2937	484	26	.	.	PUNCT
cblr-2937	485	1	the	the	DET
cblr-2937	485	2	sec	sec	PROPN
cblr-2937	485	3	does	do	AUX
cblr-2937	485	4	not	not	PART
cblr-2937	485	5	seem	seem	VERB
cblr-2937	485	6	to	to	PART
cblr-2937	485	7	have	have	AUX
cblr-2937	485	8	considered	consider	VERB
cblr-2937	485	9	this	this	DET
cblr-2937	485	10	point	point	NOUN
cblr-2937	485	11	.	.	PUNCT
cblr-2937	486	1	sec	sec	PROPN
cblr-2937	486	2	june	june	PROPN
cblr-2937	486	3	16	16	NUM
cblr-2937	486	4	proposal	proposal	NOUN
cblr-2937	486	5	,	,	PUNCT
cblr-2937	486	6	supra	supra	PROPN
cblr-2937	486	7	note	note	PROPN
cblr-2937	486	8	56	56	NUM
cblr-2937	486	9	,	,	PUNCT
cblr-2937	486	10	at	at	ADP
cblr-2937	486	11	36,233	36,233	NUM
cblr-2937	486	12	-	-	SYM
cblr-2937	486	13	34	34	NUM
cblr-2937	486	14	,	,	PUNCT
cblr-2937	486	15	36,251	36,251	NUM
cblr-2937	486	16	-	-	SYM
cblr-2937	486	17	52	52	NUM
cblr-2937	486	18	.	.	NOUN
cblr-2937	486	19	100	100	NUM
cblr-2937	486	20	one	one	NUM
cblr-2937	486	21	area	area	NOUN
cblr-2937	486	22	in	in	ADP
cblr-2937	486	23	which	which	PRON
cblr-2937	486	24	methodological	methodological	ADJ
cblr-2937	486	25	transparency	transparency	NOUN
cblr-2937	486	26	does	do	AUX
cblr-2937	486	27	seem	seem	VERB
cblr-2937	486	28	desirable	desirable	ADJ
cblr-2937	486	29	is	be	AUX
cblr-2937	486	30	in	in	ADP
cblr-2937	486	31	relationships	relationship	NOUN
cblr-2937	486	32	with	with	ADP
cblr-2937	486	33	structured	structure	VERB
cblr-2937	486	34	-	-	PUNCT
cblr-2937	486	35	product	product	NOUN
cblr-2937	486	36	arrangers	arranger	NOUN
cblr-2937	486	37	.	.	PUNCT
cblr-2937	487	1	in	in	ADP
cblr-2937	487	2	principle	principle	NOUN
cblr-2937	487	3	,	,	PUNCT
cblr-2937	487	4	arrangers	arranger	NOUN
cblr-2937	487	5	ought	ought	AUX
cblr-2937	487	6	to	to	PART
cblr-2937	487	7	be	be	AUX
cblr-2937	487	8	able	able	ADJ
cblr-2937	487	9	to	to	PART
cblr-2937	487	10	understand	understand	VERB
cblr-2937	487	11	the	the	DET
cblr-2937	487	12	methodologies	methodology	NOUN
cblr-2937	487	13	in	in	ADP
cblr-2937	487	14	determining	determine	VERB
cblr-2937	487	15	how	how	SCONJ
cblr-2937	487	16	to	to	PART
cblr-2937	487	17	structure	structure	VERB
cblr-2937	487	18	their	their	PRON
cblr-2937	487	19	offerings	offering	NOUN
cblr-2937	487	20	.	.	PUNCT
cblr-2937	488	1	concerns	concern	NOUN
cblr-2937	488	2	about	about	ADP
cblr-2937	488	3	the	the	DET
cblr-2937	488	4	fact	fact	NOUN
cblr-2937	488	5	that	that	SCONJ
cblr-2937	488	6	agencies	agency	NOUN
cblr-2937	488	7	and	and	CCONJ
cblr-2937	488	8	originators	originator	NOUN
cblr-2937	488	9	engage	engage	VERB
cblr-2937	488	10	in	in	ADP
cblr-2937	488	11	a	a	DET
cblr-2937	488	12	dialogue	dialogue	NOUN
cblr-2937	488	13	that	that	PRON
cblr-2937	488	14	allows	allow	VERB
cblr-2937	488	15	the	the	DET
cblr-2937	488	16	originator	originator	NOUN
cblr-2937	488	17	to	to	PART
cblr-2937	488	18	optimize	optimize	VERB
cblr-2937	488	19	the	the	DET
cblr-2937	488	20	offering	offering	NOUN
cblr-2937	488	21	with	with	ADP
cblr-2937	488	22	knowledge	knowledge	NOUN
cblr-2937	488	23	of	of	ADP
cblr-2937	488	24	the	the	DET
cblr-2937	488	25	rating	rating	NOUN
cblr-2937	488	26	outcomes	outcome	NOUN
cblr-2937	488	27	of	of	ADP
cblr-2937	488	28	various	various	ADJ
cblr-2937	488	29	structures	structure	NOUN
cblr-2937	488	30	,	,	PUNCT
cblr-2937	488	31	see	see	VERB
cblr-2937	488	32	sec	sec	PROPN
cblr-2937	488	33	2007	2007	NUM
cblr-2937	488	34	rule	rule	NOUN
cblr-2937	488	35	,	,	PUNCT
cblr-2937	488	36	supra	supra	PROPN
cblr-2937	488	37	note	note	PROPN
cblr-2937	488	38	67	67	NUM
cblr-2937	488	39	,	,	PUNCT
cblr-2937	488	40	at	at	ADP
cblr-2937	488	41	33,574	33,574	NUM
cblr-2937	488	42	,	,	PUNCT
cblr-2937	488	43	seem	seem	VERB
cblr-2937	488	44	misplaced	misplace	VERB
cblr-2937	488	45	unless	unless	SCONJ
cblr-2937	488	46	coupled	couple	VERB
cblr-2937	488	47	with	with	ADP
cblr-2937	488	48	some	some	DET
cblr-2937	488	49	specific	specific	ADJ
cblr-2937	488	50	argument	argument	NOUN
cblr-2937	488	51	that	that	SCONJ
cblr-2937	488	52	other	other	ADJ
cblr-2937	488	53	market	market	NOUN
cblr-2937	488	54	defects	defect	NOUN
cblr-2937	488	55	make	make	VERB
cblr-2937	488	56	the	the	DET
cblr-2937	488	57	practice	practice	NOUN
cblr-2937	488	58	undesirable	undesirable	ADJ
cblr-2937	488	59	.	.	PUNCT
cblr-2937	489	1	101	101	NUM
cblr-2937	489	2	see	see	VERB
cblr-2937	489	3	amendments	amendment	NOUN
cblr-2937	489	4	to	to	ADP
cblr-2937	489	5	rules	rule	NOUN
cblr-2937	489	6	for	for	ADP
cblr-2937	489	7	nationally	nationally	ADV
cblr-2937	489	8	recognized	recognize	VERB
cblr-2937	489	9	statistical	statistical	ADJ
cblr-2937	489	10	rating	rating	NOUN
cblr-2937	489	11	organizations	organization	NOUN
cblr-2937	489	12	,	,	PUNCT
cblr-2937	489	13	exchange	exchange	NOUN
cblr-2937	489	14	act	act	NOUN
cblr-2937	489	15	release	release	VERB
cblr-2937	489	16	34	34	NUM
cblr-2937	489	17	-	-	SYM
cblr-2937	489	18	59342	59342	NUM
cblr-2937	489	19	,	,	PUNCT
cblr-2937	489	20	supra	supra	PROPN
cblr-2937	489	21	note	note	PROPN
cblr-2937	489	22	88	88	NUM
cblr-2937	489	23	,	,	PUNCT
cblr-2937	489	24	at	at	ADP
cblr-2937	489	25	102	102	NUM
cblr-2937	489	26	-	-	SYM
cblr-2937	489	27	03	03	NUM
cblr-2937	489	28	(	(	PUNCT
cblr-2937	489	29	to	to	PART
cblr-2937	489	30	be	be	AUX
cblr-2937	489	31	codified	codify	VERB
cblr-2937	489	32	at	at	ADP
cblr-2937	489	33	17	17	NUM
cblr-2937	489	34	c.f.r	c.f.r	NOUN
cblr-2937	489	35	.	.	PUNCT
cblr-2937	490	1	§	§	PROPN
cblr-2937	490	2	240.17g-2(a)(2)(iii	240.17g-2(a)(2)(iii	NUM
cblr-2937	490	3	)	)	PUNCT
cblr-2937	490	4	)	)	PUNCT
cblr-2937	491	1	(	(	PUNCT
cblr-2937	491	2	requiring	require	VERB
cblr-2937	491	3	nrsros	nrsro	NOUN
cblr-2937	491	4	to	to	PART
cblr-2937	491	5	keep	keep	VERB
cblr-2937	491	6	private	private	ADJ
cblr-2937	491	7	records	record	NOUN
cblr-2937	491	8	of	of	ADP
cblr-2937	491	9	departures	departure	NOUN
cblr-2937	491	10	from	from	ADP
cblr-2937	491	11	quantitative	quantitative	ADJ
cblr-2937	491	12	models	model	NOUN
cblr-2937	491	13	when	when	SCONJ
cblr-2937	491	14	such	such	ADJ
cblr-2937	491	15	models	model	NOUN
cblr-2937	491	16	are	be	AUX
cblr-2937	491	17	a	a	DET
cblr-2937	491	18	substantial	substantial	ADJ
cblr-2937	491	19	component	component	NOUN
cblr-2937	491	20	of	of	ADP
cblr-2937	491	21	the	the	DET
cblr-2937	491	22	rating	rating	NOUN
cblr-2937	491	23	process	process	NOUN
cblr-2937	491	24	for	for	ADP
cblr-2937	491	25	a	a	DET
cblr-2937	491	26	structured	structure	VERB
cblr-2937	491	27	-	-	PUNCT
cblr-2937	491	28	finance	finance	NOUN
cblr-2937	491	29	transaction	transaction	NOUN
cblr-2937	491	30	)	)	PUNCT
cblr-2937	491	31	.	.	PUNCT
cblr-2937	492	1	col	col	PROPN
cblr-2937	492	2	umbia	umbia	PROPN
cblr-2937	492	3	b	b	PROPN
cblr-2937	492	4	usiness	usiness	PROPN
cblr-2937	492	5	la	la	PROPN
cblr-2937	492	6	w	w	PROPN
cblr-2937	492	7	re	re	PROPN
cblr-2937	492	8	vie	vie	PROPN
cblr-2937	492	9	w	w	PROPN
cblr-2937	493	1	[	[	X
cblr-2937	493	2	vol	vol	NOUN
cblr-2937	493	3	.	.	X
cblr-2937	493	4	2009	2009	NUM
cblr-2937	493	5	b.	b.	PROPN
cblr-2937	493	6	performance	performance	NOUN
cblr-2937	493	7	transparency	transparency	NOUN
cblr-2937	493	8	the	the	DET
cblr-2937	493	9	2006	2006	NUM
cblr-2937	493	10	act	act	NOUN
cblr-2937	493	11	and	and	CCONJ
cblr-2937	493	12	2007	2007	NUM
cblr-2937	493	13	rules	rule	NOUN
cblr-2937	493	14	addressed	address	VERB
cblr-2937	493	15	performance	performance	NOUN
cblr-2937	493	16	transparency	transparency	NOUN
cblr-2937	493	17	by	by	ADP
cblr-2937	493	18	requiring	require	VERB
cblr-2937	493	19	disclosure	disclosure	NOUN
cblr-2937	493	20	of	of	ADP
cblr-2937	493	21	agency	agency	NOUN
cblr-2937	493	22	performance	performance	NOUN
cblr-2937	493	23	statistics	statistic	NOUN
cblr-2937	493	24	.	.	PUNCT
cblr-2937	494	1	1	1	NUM
cblr-2937	494	2	1	1	NUM
cblr-2937	494	3	2	2	NUM
cblr-2937	494	4	reports	report	NOUN
cblr-2937	494	5	on	on	ADP
cblr-2937	494	6	the	the	DET
cblr-2937	494	7	worldwide	worldwide	ADJ
cblr-2937	494	8	credit	credit	NOUN
cblr-2937	494	9	crisis	crisis	NOUN
cblr-2937	494	10	took	take	VERB
cblr-2937	494	11	the	the	DET
cblr-2937	494	12	agencies	agency	NOUN
cblr-2937	494	13	to	to	ADP
cblr-2937	494	14	task	task	NOUN
cblr-2937	494	15	for	for	ADP
cblr-2937	494	16	insufficient	insufficient	ADJ
cblr-2937	494	17	transparency	transparency	NOUN
cblr-2937	494	18	in	in	ADP
cblr-2937	494	19	this	this	DET
cblr-2937	494	20	area,0	area,0	NOUN
cblr-2937	494	21	3	3	NUM
cblr-2937	494	22	and	and	CCONJ
cblr-2937	494	23	the	the	DET
cblr-2937	494	24	sec	sec	PROPN
cblr-2937	494	25	staff	staff	NOUN
cblr-2937	494	26	report	report	NOUN
cblr-2937	494	27	recommended	recommend	VERB
cblr-2937	494	28	that	that	SCONJ
cblr-2937	494	29	the	the	DET
cblr-2937	494	30	agencies	agency	NOUN
cblr-2937	494	31	review	review	VERB
cblr-2937	494	32	their	their	PRON
cblr-2937	494	33	disclosures	disclosure	NOUN
cblr-2937	494	34	to	to	PART
cblr-2937	494	35	ensure	ensure	VERB
cblr-2937	494	36	that	that	SCONJ
cblr-2937	494	37	they	they	PRON
cblr-2937	494	38	complied	comply	VERB
cblr-2937	494	39	with	with	ADP
cblr-2937	494	40	existing	exist	VERB
cblr-2937	494	41	rules	rule	NOUN
cblr-2937	494	42	.	.	PUNCT
cblr-2937	495	1	'014	'014	PROPN
cblr-2937	495	2	the	the	DET
cblr-2937	495	3	sec	sec	PROPN
cblr-2937	495	4	's	's	PART
cblr-2937	495	5	2008	2008	NUM
cblr-2937	495	6	proposed	propose	VERB
cblr-2937	495	7	rules	rule	NOUN
cblr-2937	495	8	contained	contain	VERB
cblr-2937	495	9	a	a	DET
cblr-2937	495	10	number	number	NOUN
cblr-2937	495	11	of	of	ADP
cblr-2937	495	12	disclosure	disclosure	NOUN
cblr-2937	495	13	provisions	provision	NOUN
cblr-2937	495	14	intended	intend	VERB
cblr-2937	495	15	to	to	PART
cblr-2937	495	16	improve	improve	VERB
cblr-2937	495	17	performance	performance	NOUN
cblr-2937	495	18	transparency	transparency	NOUN
cblr-2937	495	19	,	,	PUNCT
cblr-2937	495	20	but	but	CCONJ
cblr-2937	495	21	only	only	ADV
cblr-2937	495	22	a	a	DET
cblr-2937	495	23	sharply	sharply	ADV
cblr-2937	495	24	scaled	scale	VERB
cblr-2937	495	25	-	-	PUNCT
cblr-2937	495	26	back	back	ADP
cblr-2937	495	27	version	version	NOUN
cblr-2937	495	28	of	of	ADP
cblr-2937	495	29	one	one	NUM
cblr-2937	495	30	provision	provision	NOUN
cblr-2937	495	31	was	be	AUX
cblr-2937	495	32	adopted	adopt	VERB
cblr-2937	495	33	.	.	PUNCT
cblr-2937	495	34	'	'	PUNCT
cblr-2937	496	1	the	the	DET
cblr-2937	496	2	major	major	ADJ
cblr-2937	496	3	agencies	agency	NOUN
cblr-2937	496	4	already	already	ADV
cblr-2937	496	5	issue	issue	VERB
cblr-2937	496	6	regular	regular	ADJ
cblr-2937	496	7	performance	performance	NOUN
cblr-2937	496	8	reports	report	NOUN
cblr-2937	496	9	,	,	PUNCT
cblr-2937	496	10	10	10	NUM
cblr-2937	496	11	6	6	NUM
cblr-2937	496	12	and	and	CCONJ
cblr-2937	496	13	the	the	DET
cblr-2937	496	14	sec	sec	PROPN
cblr-2937	496	15	declined	decline	VERB
cblr-2937	496	16	to	to	PART
cblr-2937	496	17	prescribe	prescribe	VERB
cblr-2937	496	18	a	a	DET
cblr-2937	496	19	standardized	standardized	ADJ
cblr-2937	496	20	102	102	NUM
cblr-2937	496	21	15	15	NUM
cblr-2937	496	22	u.s.c	u.s.c	NOUN
cblr-2937	496	23	.	.	PUNCT
cblr-2937	497	1	§	§	PROPN
cblr-2937	497	2	§	§	PROPN
cblr-2937	497	3	78o-7(a)(1)(b)(i	78o-7(a)(1)(b)(i	NUM
cblr-2937	497	4	)	)	PUNCT
cblr-2937	497	5	(	(	PUNCT
cblr-2937	497	6	requiring	require	VERB
cblr-2937	497	7	disclosure	disclosure	NOUN
cblr-2937	497	8	of	of	ADP
cblr-2937	497	9	"	"	PUNCT
cblr-2937	497	10	credit	credit	NOUN
cblr-2937	497	11	ratings	rating	NOUN
cblr-2937	497	12	performance	performance	NOUN
cblr-2937	497	13	measurement	measurement	NOUN
cblr-2937	497	14	statistics	statistic	NOUN
cblr-2937	497	15	"	"	PUNCT
cblr-2937	497	16	in	in	ADP
cblr-2937	497	17	nrsro	nrsro	ADJ
cblr-2937	497	18	application	application	NOUN
cblr-2937	497	19	)	)	PUNCT
cblr-2937	497	20	,	,	PUNCT
cblr-2937	497	21	78o7(b)(1)(a	78o7(b)(1)(a	X
cblr-2937	497	22	)	)	PUNCT
cblr-2937	497	23	(	(	PUNCT
cblr-2937	497	24	requiring	require	VERB
cblr-2937	497	25	annual	annual	ADJ
cblr-2937	497	26	updating	updating	NOUN
cblr-2937	497	27	of	of	ADP
cblr-2937	497	28	performance	performance	NOUN
cblr-2937	497	29	information	information	NOUN
cblr-2937	497	30	)	)	PUNCT
cblr-2937	497	31	.	.	PUNCT
cblr-2937	498	1	103	103	NUM
cblr-2937	498	2	fsf	fsf	PROPN
cblr-2937	498	3	report	report	NOUN
cblr-2937	498	4	,	,	PUNCT
cblr-2937	498	5	supra	supra	PROPN
cblr-2937	498	6	note	note	PROPN
cblr-2937	498	7	37	37	NUM
cblr-2937	498	8	,	,	PUNCT
cblr-2937	498	9	at	at	ADP
cblr-2937	498	10	33	33	NUM
cblr-2937	498	11	(	(	PUNCT
cblr-2937	498	12	noting	note	VERB
cblr-2937	498	13	that	that	SCONJ
cblr-2937	498	14	"	"	PUNCT
cblr-2937	498	15	currently	currently	ADV
cblr-2937	498	16	many	many	ADJ
cblr-2937	498	17	cras	cra	NOUN
cblr-2937	498	18	do	do	AUX
cblr-2937	498	19	not	not	PART
cblr-2937	498	20	publish	publish	VERB
cblr-2937	498	21	verifiable	verifiable	ADJ
cblr-2937	498	22	and	and	CCONJ
cblr-2937	498	23	easily	easily	ADV
cblr-2937	498	24	comparable	comparable	ADJ
cblr-2937	498	25	historical	historical	ADJ
cblr-2937	498	26	performance	performance	NOUN
cblr-2937	498	27	data	datum	NOUN
cblr-2937	498	28	regarding	regard	VERB
cblr-2937	498	29	their	their	PRON
cblr-2937	498	30	ratings	rating	NOUN
cblr-2937	498	31	,	,	PUNCT
cblr-2937	498	32	"	"	PUNCT
cblr-2937	498	33	asserting	assert	VERB
cblr-2937	498	34	that	that	SCONJ
cblr-2937	498	35	"	"	PUNCT
cblr-2937	498	36	[	[	X
cblr-2937	498	37	tihe	tihe	ADJ
cblr-2937	498	38	comparability	comparability	NOUN
cblr-2937	498	39	of	of	ADP
cblr-2937	498	40	rating	rating	NOUN
cblr-2937	498	41	performance	performance	NOUN
cblr-2937	498	42	would	would	AUX
cblr-2937	498	43	promote	promote	VERB
cblr-2937	498	44	competition	competition	NOUN
cblr-2937	498	45	by	by	ADP
cblr-2937	498	46	allowing	allow	VERB
cblr-2937	498	47	customers	customer	NOUN
cblr-2937	498	48	to	to	PART
cblr-2937	498	49	better	well	ADV
cblr-2937	498	50	assess	assess	VERB
cblr-2937	498	51	the	the	DET
cblr-2937	498	52	accuracy	accuracy	NOUN
cblr-2937	498	53	of	of	ADP
cblr-2937	498	54	the	the	DET
cblr-2937	498	55	cras	cras	X
cblr-2937	498	56	'	'	PART
cblr-2937	498	57	past	past	ADJ
cblr-2937	498	58	ratings	rating	NOUN
cblr-2937	498	59	,	,	PUNCT
cblr-2937	498	60	"	"	PUNCT
cblr-2937	498	61	and	and	CCONJ
cblr-2937	498	62	recommending	recommend	VERB
cblr-2937	498	63	that	that	SCONJ
cblr-2937	498	64	cras	cras	PROPN
cblr-2937	498	65	"	"	PUNCT
cblr-2937	498	66	disclose	disclose	VERB
cblr-2937	498	67	past	past	ADJ
cblr-2937	498	68	ratings	rating	NOUN
cblr-2937	498	69	in	in	ADP
cblr-2937	498	70	a	a	DET
cblr-2937	498	71	more	more	ADV
cblr-2937	498	72	systematic	systematic	ADJ
cblr-2937	498	73	way	way	NOUN
cblr-2937	498	74	,	,	PUNCT
cblr-2937	498	75	and	and	CCONJ
cblr-2937	498	76	improve	improve	VERB
cblr-2937	498	77	the	the	DET
cblr-2937	498	78	comparability	comparability	NOUN
cblr-2937	498	79	of	of	ADP
cblr-2937	498	80	their	their	PRON
cblr-2937	498	81	track	track	NOUN
cblr-2937	498	82	records	record	NOUN
cblr-2937	498	83	"	"	PUNCT
cblr-2937	498	84	)	)	PUNCT
cblr-2937	498	85	.	.	PUNCT
cblr-2937	499	1	104	104	NUM
cblr-2937	499	2	sec	sec	PROPN
cblr-2937	499	3	staff	staff	NOUN
cblr-2937	499	4	examination	examination	NOUN
cblr-2937	499	5	report	report	NOUN
cblr-2937	499	6	,	,	PUNCT
cblr-2937	499	7	supra	supra	PROPN
cblr-2937	499	8	note	note	PROPN
cblr-2937	499	9	38	38	NUM
cblr-2937	499	10	,	,	PUNCT
cblr-2937	499	11	at	at	ADP
cblr-2937	499	12	15	15	NUM
cblr-2937	499	13	,	,	PUNCT
cblr-2937	499	14	17	17	NUM
cblr-2937	499	15	.	.	NOUN
cblr-2937	499	16	105	105	NUM
cblr-2937	499	17	specifically	specifically	ADV
cblr-2937	499	18	,	,	PUNCT
cblr-2937	499	19	the	the	DET
cblr-2937	499	20	sec	sec	PROPN
cblr-2937	499	21	's	's	PART
cblr-2937	499	22	proposed	propose	VERB
cblr-2937	499	23	rules	rule	NOUN
cblr-2937	499	24	would	would	AUX
cblr-2937	499	25	require	require	VERB
cblr-2937	499	26	disclosure	disclosure	NOUN
cblr-2937	499	27	of	of	ADP
cblr-2937	499	28	the	the	DET
cblr-2937	499	29	performance	performance	NOUN
cblr-2937	499	30	of	of	ADP
cblr-2937	499	31	credit	credit	NOUN
cblr-2937	499	32	ratings	rating	NOUN
cblr-2937	499	33	in	in	ADP
cblr-2937	499	34	sec	sec	PROPN
cblr-2937	499	35	-	-	PUNCT
cblr-2937	499	36	defined	define	VERB
cblr-2937	499	37	classes	class	NOUN
cblr-2937	499	38	over	over	ADP
cblr-2937	499	39	one	one	NUM
cblr-2937	499	40	-	-	PUNCT
cblr-2937	499	41	year	year	NOUN
cblr-2937	499	42	,	,	PUNCT
cblr-2937	499	43	three	three	NUM
cblr-2937	499	44	-	-	PUNCT
cblr-2937	499	45	year	year	NOUN
cblr-2937	499	46	,	,	PUNCT
cblr-2937	499	47	and	and	CCONJ
cblr-2937	499	48	ten	ten	NUM
cblr-2937	499	49	-	-	PUNCT
cblr-2937	499	50	year	year	NOUN
cblr-2937	499	51	periods	period	NOUN
cblr-2937	499	52	,	,	PUNCT
cblr-2937	499	53	including	include	VERB
cblr-2937	499	54	historical	historical	ADJ
cblr-2937	499	55	ratings	rating	NOUN
cblr-2937	499	56	transition	transition	NOUN
cblr-2937	499	57	and	and	CCONJ
cblr-2937	499	58	default	default	NOUN
cblr-2937	499	59	rates	rate	NOUN
cblr-2937	499	60	within	within	ADP
cblr-2937	499	61	each	each	PRON
cblr-2937	499	62	of	of	ADP
cblr-2937	499	63	the	the	DET
cblr-2937	499	64	credit	credit	NOUN
cblr-2937	499	65	rating	rating	NOUN
cblr-2937	499	66	categories	category	NOUN
cblr-2937	499	67	.	.	PUNCT
cblr-2937	500	1	the	the	DET
cblr-2937	500	2	rules	rule	NOUN
cblr-2937	500	3	also	also	ADV
cblr-2937	500	4	would	would	AUX
cblr-2937	500	5	prescribe	prescribe	VERB
cblr-2937	500	6	that	that	SCONJ
cblr-2937	500	7	the	the	DET
cblr-2937	500	8	default	default	NOUN
cblr-2937	500	9	statistics	statistic	NOUN
cblr-2937	500	10	include	include	VERB
cblr-2937	500	11	defaults	default	NOUN
cblr-2937	500	12	relative	relative	ADJ
cblr-2937	500	13	to	to	ADP
cblr-2937	500	14	the	the	DET
cblr-2937	500	15	initial	initial	ADJ
cblr-2937	500	16	rating	rating	NOUN
cblr-2937	500	17	and	and	CCONJ
cblr-2937	500	18	incorporate	incorporate	VERB
cblr-2937	500	19	defaults	default	NOUN
cblr-2937	500	20	that	that	PRON
cblr-2937	500	21	occur	occur	VERB
cblr-2937	500	22	after	after	SCONJ
cblr-2937	500	23	a	a	DET
cblr-2937	500	24	credit	credit	NOUN
cblr-2937	500	25	rating	rating	NOUN
cblr-2937	500	26	is	be	AUX
cblr-2937	500	27	withdrawn	withdraw	VERB
cblr-2937	500	28	.	.	PUNCT
cblr-2937	501	1	see	see	VERB
cblr-2937	501	2	sec	sec	PROPN
cblr-2937	501	3	june	june	PROPN
cblr-2937	501	4	16	16	NUM
cblr-2937	501	5	proposal	proposal	NOUN
cblr-2937	501	6	,	,	PUNCT
cblr-2937	501	7	supra	supra	PROPN
cblr-2937	501	8	note	note	PROPN
cblr-2937	501	9	56	56	NUM
cblr-2937	501	10	,	,	PUNCT
cblr-2937	501	11	at	at	ADP
cblr-2937	501	12	36,231	36,231	NUM
cblr-2937	501	13	-	-	SYM
cblr-2937	501	14	33	33	NUM
cblr-2937	501	15	,	,	PUNCT
cblr-2937	501	16	36,251	36,251	NUM
cblr-2937	501	17	-	-	SYM
cblr-2937	501	18	52	52	NUM
cblr-2937	501	19	.	.	PUNCT
cblr-2937	502	1	the	the	DET
cblr-2937	502	2	sec	sec	PROPN
cblr-2937	502	3	adopted	adopt	VERB
cblr-2937	502	4	a	a	DET
cblr-2937	502	5	rule	rule	NOUN
cblr-2937	502	6	requiring	require	VERB
cblr-2937	502	7	only	only	ADV
cblr-2937	502	8	that	that	SCONJ
cblr-2937	502	9	rating	rating	NOUN
cblr-2937	502	10	agencies	agency	NOUN
cblr-2937	502	11	disclose	disclose	VERB
cblr-2937	502	12	information	information	NOUN
cblr-2937	502	13	about	about	ADP
cblr-2937	502	14	a	a	DET
cblr-2937	502	15	random	random	ADJ
cblr-2937	502	16	sample	sample	NOUN
cblr-2937	502	17	of	of	ADP
cblr-2937	502	18	10	10	NUM
cblr-2937	502	19	%	%	NOUN
cblr-2937	502	20	of	of	ADP
cblr-2937	502	21	issuer	issuer	NOUN
cblr-2937	502	22	-	-	PUNCT
cblr-2937	502	23	paid	pay	VERB
cblr-2937	502	24	ratings	rating	NOUN
cblr-2937	502	25	for	for	ADP
cblr-2937	502	26	classes	class	NOUN
cblr-2937	502	27	of	of	ADP
cblr-2937	502	28	instruments	instrument	NOUN
cblr-2937	502	29	for	for	ADP
cblr-2937	502	30	which	which	PRON
cblr-2937	502	31	the	the	DET
cblr-2937	502	32	agency	agency	NOUN
cblr-2937	502	33	maintains	maintain	VERB
cblr-2937	502	34	500	500	NUM
cblr-2937	502	35	or	or	CCONJ
cblr-2937	502	36	more	more	ADJ
cblr-2937	502	37	ratings	rating	NOUN
cblr-2937	502	38	,	,	PUNCT
cblr-2937	502	39	although	although	SCONJ
cblr-2937	502	40	it	it	PRON
cblr-2937	502	41	solicited	solicit	VERB
cblr-2937	502	42	comment	comment	NOUN
cblr-2937	502	43	on	on	ADP
cblr-2937	502	44	the	the	DET
cblr-2937	502	45	idea	idea	NOUN
cblr-2937	502	46	of	of	ADP
cblr-2937	502	47	requiring	require	VERB
cblr-2937	502	48	disclosure	disclosure	NOUN
cblr-2937	502	49	of	of	ADP
cblr-2937	502	50	100	100	NUM
cblr-2937	502	51	%	%	NOUN
cblr-2937	502	52	of	of	ADP
cblr-2937	502	53	rating	rating	NOUN
cblr-2937	502	54	actions	action	NOUN
cblr-2937	502	55	.	.	PUNCT
cblr-2937	503	1	see	see	VERB
cblr-2937	503	2	supra	supra	PROPN
cblr-2937	503	3	note	note	PROPN
cblr-2937	503	4	88	88	NUM
cblr-2937	503	5	.	.	PUNCT
cblr-2937	503	6	106	106	NUM
cblr-2937	503	7	see	see	VERB
cblr-2937	503	8	,	,	PUNCT
cblr-2937	503	9	e.g.	e.g.	ADV
cblr-2937	503	10	,	,	PUNCT
cblr-2937	503	11	fitch	fitch	NOUN
cblr-2937	503	12	ratings	rating	NOUN
cblr-2937	503	13	,	,	PUNCT
cblr-2937	503	14	fitch	fitch	NOUN
cblr-2937	503	15	ratings	rating	NOUN
cblr-2937	503	16	1991	1991	NUM
cblr-2937	503	17	-	-	SYM
cblr-2937	503	18	2007	2007	NUM
cblr-2937	503	19	global	global	ADJ
cblr-2937	503	20	structured	structured	ADJ
cblr-2937	503	21	finance	finance	NOUN
cblr-2937	503	22	transition	transition	NOUN
cblr-2937	503	23	and	and	CCONJ
cblr-2937	503	24	default	default	NOUN
cblr-2937	503	25	study	study	NOUN
cblr-2937	503	26	(	(	PUNCT
cblr-2937	503	27	2008	2008	NUM
cblr-2937	503	28	)	)	PUNCT
cblr-2937	503	29	;	;	PUNCT
cblr-2937	504	1	moody	moody	PROPN
cblr-2937	504	2	's	's	PART
cblr-2937	504	3	investors	investor	NOUN
cblr-2937	504	4	service	service	NOUN
cblr-2937	504	5	,	,	PUNCT
cblr-2937	504	6	default	default	NOUN
cblr-2937	504	7	&	&	CCONJ
cblr-2937	504	8	loss	loss	NOUN
cblr-2937	504	9	rates	rate	NOUN
cblr-2937	504	10	of	of	ADP
cblr-2937	504	11	structured	structured	ADJ
cblr-2937	504	12	finance	finance	NOUN
cblr-2937	504	13	securities	security	NOUN
cblr-2937	504	14	:	:	PUNCT
cblr-2937	504	15	1993	1993	NUM
cblr-2937	504	16	-	-	SYM
cblr-2937	504	17	2007	2007	NUM
cblr-2937	504	18	(	(	PUNCT
cblr-2937	504	19	2008	2008	NUM
cblr-2937	504	20	)	)	PUNCT
cblr-2937	504	21	;	;	PUNCT
cblr-2937	504	22	moody	moody	PROPN
cblr-2937	504	23	's	's	PART
cblr-2937	504	24	investors	investor	NOUN
cblr-2937	504	25	service	service	NOUN
cblr-2937	504	26	,	,	PUNCT
cblr-2937	504	27	the	the	DET
cblr-2937	504	28	performance	performance	NOUN
cblr-2937	504	29	of	of	ADP
cblr-2937	504	30	structured	structured	ADJ
cblr-2937	504	31	finance	finance	NOUN
cblr-2937	504	32	ratings	rating	NOUN
cblr-2937	504	33	:	:	PUNCT
cblr-2937	504	34	full	full	ADJ
cblr-2937	504	35	-	-	PUNCT
cblr-2937	504	36	year	year	NOUN
cblr-2937	504	37	2007	2007	NUM
cblr-2937	504	38	report	report	NOUN
cblr-2937	504	39	no	no	NOUN
cblr-2937	504	40	.	.	PUNCT
cblr-2937	504	41	1:1091	1:1091	NUM
cblr-2937	504	42	credit	credit	NOUN
cblr-2937	504	43	ra	ra	PROPN
cblr-2937	504	44	ting	ting	PROPN
cblr-2937	504	45	agencies	agencies	PROPN
cblr-2937	504	46	columbia	columbia	PROPN
cblr-2937	504	47	business	business	PROPN
cblr-2937	504	48	la	la	PROPN
cblr-2937	504	49	w	w	PROPN
cblr-2937	504	50	review	review	NOUN
cblr-2937	504	51	format	format	NOUN
cblr-2937	504	52	for	for	ADP
cblr-2937	504	53	reporting	report	VERB
cblr-2937	504	54	credit	credit	NOUN
cblr-2937	504	55	rating	rating	NOUN
cblr-2937	504	56	performance	performance	NOUN
cblr-2937	504	57	;	;	PUNCT
cblr-2937	504	58	it	it	PRON
cblr-2937	504	59	appears	appear	VERB
cblr-2937	504	60	that	that	SCONJ
cblr-2937	504	61	the	the	DET
cblr-2937	504	62	agencies	agency	NOUN
cblr-2937	504	63	must	must	AUX
cblr-2937	504	64	simply	simply	ADV
cblr-2937	504	65	attach	attach	VERB
cblr-2937	504	66	their	their	PRON
cblr-2937	504	67	already	already	ADV
cblr-2937	504	68	-	-	PUNCT
cblr-2937	504	69	public	public	ADJ
cblr-2937	504	70	performance	performance	NOUN
cblr-2937	504	71	reports	report	NOUN
cblr-2937	504	72	to	to	ADP
cblr-2937	504	73	an	an	DET
cblr-2937	504	74	annual	annual	ADJ
cblr-2937	504	75	certification	certification	NOUN
cblr-2937	504	76	.	.	PUNCT
cblr-2937	505	1	107	107	NUM
cblr-2937	506	1	it	it	PRON
cblr-2937	506	2	is	be	AUX
cblr-2937	506	3	extremely	extremely	ADV
cblr-2937	506	4	unclear	unclear	ADJ
cblr-2937	506	5	that	that	SCONJ
cblr-2937	506	6	this	this	DET
cblr-2937	506	7	regulatory	regulatory	ADJ
cblr-2937	506	8	effort	effort	NOUN
cblr-2937	506	9	has	have	AUX
cblr-2937	506	10	increased	increase	VERB
cblr-2937	506	11	transparency	transparency	NOUN
cblr-2937	506	12	at	at	ADV
cblr-2937	506	13	all	all	ADV
cblr-2937	506	14	,	,	PUNCT
cblr-2937	506	15	at	at	ADP
cblr-2937	506	16	least	least	ADJ
cblr-2937	506	17	for	for	ADP
cblr-2937	506	18	the	the	DET
cblr-2937	506	19	major	major	ADJ
cblr-2937	506	20	agencies	agency	NOUN
cblr-2937	506	21	that	that	PRON
cblr-2937	506	22	already	already	ADV
cblr-2937	506	23	made	make	VERB
cblr-2937	506	24	performance	performance	NOUN
cblr-2937	506	25	reports	report	NOUN
cblr-2937	506	26	public	public	ADJ
cblr-2937	506	27	.	.	PUNCT
cblr-2937	507	1	performance	performance	NOUN
cblr-2937	507	2	transparency	transparency	NOUN
cblr-2937	507	3	is	be	AUX
cblr-2937	507	4	critical	critical	ADJ
cblr-2937	507	5	in	in	ADP
cblr-2937	507	6	that	that	DET
cblr-2937	507	7	reputation	reputation	NOUN
cblr-2937	507	8	can	can	AUX
cblr-2937	507	9	not	not	PART
cblr-2937	507	10	function	function	VERB
cblr-2937	507	11	without	without	ADP
cblr-2937	507	12	it	it	PRON
cblr-2937	507	13	.	.	PUNCT
cblr-2937	508	1	thus	thus	ADV
cblr-2937	508	2	,	,	PUNCT
cblr-2937	508	3	efforts	effort	NOUN
cblr-2937	508	4	to	to	PART
cblr-2937	508	5	promote	promote	VERB
cblr-2937	508	6	performance	performance	NOUN
cblr-2937	508	7	transparency	transparency	NOUN
cblr-2937	508	8	,	,	PUNCT
cblr-2937	508	9	like	like	ADP
cblr-2937	508	10	efforts	effort	NOUN
cblr-2937	508	11	to	to	PART
cblr-2937	508	12	promote	promote	VERB
cblr-2937	508	13	methodological	methodological	ADJ
cblr-2937	508	14	transparency	transparency	NOUN
cblr-2937	508	15	,	,	PUNCT
cblr-2937	508	16	can	can	AUX
cblr-2937	508	17	be	be	AUX
cblr-2937	508	18	seen	see	VERB
cblr-2937	508	19	as	as	ADP
cblr-2937	508	20	ancillary	ancillary	ADJ
cblr-2937	508	21	to	to	ADP
cblr-2937	508	22	the	the	DET
cblr-2937	508	23	reputation	reputation	NOUN
cblr-2937	508	24	mechanism	mechanism	NOUN
cblr-2937	508	25	.	.	PUNCT
cblr-2937	509	1	if	if	SCONJ
cblr-2937	509	2	investors	investor	NOUN
cblr-2937	509	3	can	can	AUX
cblr-2937	509	4	not	not	PART
cblr-2937	509	5	determine	determine	VERB
cblr-2937	509	6	how	how	SCONJ
cblr-2937	509	7	an	an	DET
cblr-2937	509	8	agency	agency	NOUN
cblr-2937	509	9	's	's	PART
cblr-2937	509	10	ratings	rating	NOUN
cblr-2937	509	11	have	have	AUX
cblr-2937	509	12	performed	perform	VERB
cblr-2937	509	13	,	,	PUNCT
cblr-2937	509	14	they	they	PRON
cblr-2937	509	15	can	can	AUX
cblr-2937	509	16	not	not	PART
cblr-2937	509	17	develop	develop	VERB
cblr-2937	509	18	informed	informed	ADJ
cblr-2937	509	19	views	view	NOUN
cblr-2937	509	20	about	about	ADP
cblr-2937	509	21	the	the	DET
cblr-2937	509	22	quality	quality	NOUN
cblr-2937	509	23	of	of	ADP
cblr-2937	509	24	those	those	DET
cblr-2937	509	25	ratings	rating	NOUN
cblr-2937	509	26	.	.	PUNCT
cblr-2937	510	1	indeed	indeed	ADV
cblr-2937	510	2	,	,	PUNCT
cblr-2937	510	3	performance	performance	NOUN
cblr-2937	510	4	transparency	transparency	NOUN
cblr-2937	510	5	is	be	AUX
cblr-2937	510	6	so	so	ADV
cblr-2937	510	7	critical	critical	ADJ
cblr-2937	510	8	that	that	SCONJ
cblr-2937	510	9	any	any	DET
cblr-2937	510	10	need	need	NOUN
cblr-2937	510	11	for	for	ADP
cblr-2937	510	12	special	special	ADJ
cblr-2937	510	13	disclosure	disclosure	NOUN
cblr-2937	510	14	requirements	requirement	NOUN
cblr-2937	510	15	raises	raise	VERB
cblr-2937	510	16	the	the	DET
cblr-2937	510	17	question	question	NOUN
cblr-2937	510	18	why	why	SCONJ
cblr-2937	510	19	the	the	DET
cblr-2937	510	20	market	market	NOUN
cblr-2937	510	21	has	have	AUX
cblr-2937	510	22	not	not	PART
cblr-2937	510	23	demanded	demand	VERB
cblr-2937	510	24	this	this	DET
cblr-2937	510	25	kind	kind	NOUN
cblr-2937	510	26	of	of	ADP
cblr-2937	510	27	disclosure	disclosure	NOUN
cblr-2937	510	28	already	already	ADV
cblr-2937	510	29	.	.	PUNCT
cblr-2937	511	1	if	if	SCONJ
cblr-2937	511	2	a	a	DET
cblr-2937	511	3	need	need	NOUN
cblr-2937	511	4	for	for	ADP
cblr-2937	511	5	regulatory	regulatory	ADJ
cblr-2937	511	6	intervention	intervention	NOUN
cblr-2937	511	7	in	in	ADP
cblr-2937	511	8	this	this	DET
cblr-2937	511	9	area	area	NOUN
cblr-2937	511	10	exists	exist	VERB
cblr-2937	511	11	,	,	PUNCT
cblr-2937	511	12	that	that	PRON
cblr-2937	511	13	suggests	suggest	VERB
cblr-2937	511	14	that	that	SCONJ
cblr-2937	511	15	there	there	PRON
cblr-2937	511	16	is	be	VERB
cblr-2937	511	17	something	something	PRON
cblr-2937	511	18	very	very	ADV
cblr-2937	511	19	wrong	wrong	ADJ
cblr-2937	511	20	with	with	ADP
cblr-2937	511	21	the	the	DET
cblr-2937	511	22	idea	idea	NOUN
cblr-2937	511	23	that	that	SCONJ
cblr-2937	511	24	a	a	DET
cblr-2937	511	25	well	well	ADV
cblr-2937	511	26	-	-	PUNCT
cblr-2937	511	27	functioning	function	VERB
cblr-2937	511	28	reputation	reputation	NOUN
cblr-2937	511	29	mechanism	mechanism	NOUN
cblr-2937	511	30	currently	currently	ADV
cblr-2937	511	31	governs	govern	VERB
cblr-2937	511	32	the	the	DET
cblr-2937	511	33	rating	rating	NOUN
cblr-2937	511	34	market	market	NOUN
cblr-2937	511	35	.	.	PUNCT
cblr-2937	512	1	if	if	SCONJ
cblr-2937	512	2	other	other	ADJ
cblr-2937	512	3	interventions	intervention	NOUN
cblr-2937	512	4	,	,	PUNCT
cblr-2937	512	5	such	such	ADJ
cblr-2937	512	6	as	as	ADP
cblr-2937	512	7	promoting	promote	VERB
cblr-2937	512	8	competition	competition	NOUN
cblr-2937	512	9	and	and	CCONJ
cblr-2937	512	10	reducing	reduce	VERB
cblr-2937	512	11	rating	rating	NOUN
cblr-2937	512	12	-	-	PUNCT
cblr-2937	512	13	dependent	dependent	ADJ
cblr-2937	512	14	regulation	regulation	NOUN
cblr-2937	512	15	,	,	PUNCT
cblr-2937	512	16	are	be	AUX
cblr-2937	512	17	successful	successful	ADJ
cblr-2937	512	18	and	and	CCONJ
cblr-2937	512	19	the	the	DET
cblr-2937	512	20	reputation	reputation	NOUN
cblr-2937	512	21	mechanism	mechanism	NOUN
cblr-2937	512	22	is	be	AUX
cblr-2937	512	23	fundamentally	fundamentally	ADV
cblr-2937	512	24	capable	capable	ADJ
cblr-2937	512	25	of	of	ADP
cblr-2937	512	26	deterring	deter	VERB
cblr-2937	512	27	low	low	ADJ
cblr-2937	512	28	-	-	PUNCT
cblr-2937	512	29	quality	quality	NOUN
cblr-2937	512	30	ratings	rating	NOUN
cblr-2937	512	31	,	,	PUNCT
cblr-2937	512	32	then	then	ADV
cblr-2937	512	33	the	the	DET
cblr-2937	512	34	need	need	NOUN
cblr-2937	512	35	for	for	ADP
cblr-2937	512	36	special	special	ADJ
cblr-2937	512	37	rules	rule	NOUN
cblr-2937	512	38	to	to	PART
cblr-2937	512	39	guarantee	guarantee	VERB
cblr-2937	512	40	transparency	transparency	NOUN
cblr-2937	512	41	ought	ought	AUX
cblr-2937	512	42	to	to	PART
cblr-2937	512	43	be	be	AUX
cblr-2937	512	44	limited	limit	VERB
cblr-2937	512	45	.	.	PUNCT
cblr-2937	513	1	they	they	PRON
cblr-2937	513	2	should	should	AUX
cblr-2937	513	3	be	be	AUX
cblr-2937	513	4	needed	need	VERB
cblr-2937	513	5	only	only	ADV
cblr-2937	513	6	as	as	ADP
cblr-2937	513	7	a	a	DET
cblr-2937	513	8	transitional	transitional	ADJ
cblr-2937	513	9	measure	measure	NOUN
cblr-2937	513	10	until	until	SCONJ
cblr-2937	513	11	other	other	ADJ
cblr-2937	513	12	reforms	reform	NOUN
cblr-2937	513	13	produce	produce	VERB
cblr-2937	513	14	their	their	PRON
cblr-2937	513	15	intended	intend	VERB
cblr-2937	513	16	effects	effect	NOUN
cblr-2937	513	17	.	.	PUNCT
cblr-2937	514	1	3	3	X
cblr-2937	514	2	.	.	X
cblr-2937	514	3	rating	rating	NOUN
cblr-2937	514	4	-	-	PUNCT
cblr-2937	514	5	dependent	dependent	ADJ
cblr-2937	514	6	regulation	regulation	NOUN
cblr-2937	514	7	agency	agency	NOUN
cblr-2937	514	8	ratings	rating	NOUN
cblr-2937	514	9	are	be	AUX
cblr-2937	514	10	incorporated	incorporate	VERB
cblr-2937	514	11	into	into	ADP
cblr-2937	514	12	financial	financial	ADJ
cblr-2937	514	13	regulation'018	regulation'018	PROPN
cblr-2937	514	14	and	and	CCONJ
cblr-2937	514	15	into	into	ADP
cblr-2937	514	16	private	private	ADJ
cblr-2937	514	17	contracts	contract	NOUN
cblr-2937	514	18	and	and	CCONJ
cblr-2937	514	19	investor	investor	NOUN
cblr-2937	514	20	(	(	PUNCT
cblr-2937	514	21	2008	2008	NUM
cblr-2937	514	22	)	)	PUNCT
cblr-2937	515	1	[	[	X
cblr-2937	515	2	hereinafter	hereinafter	NOUN
cblr-2937	515	3	structured	structure	VERB
cblr-2937	515	4	finance	finance	NOUN
cblr-2937	515	5	rating	rating	NOUN
cblr-2937	515	6	performance	performance	NOUN
cblr-2937	515	7	2007	2007	NUM
cblr-2937	515	8	]	]	PUNCT
cblr-2937	515	9	;	;	PUNCT
cblr-2937	515	10	standard	standard	PROPN
cblr-2937	515	11	&	&	CCONJ
cblr-2937	515	12	poor	poor	PROPN
cblr-2937	515	13	's	's	PART
cblr-2937	515	14	,	,	PUNCT
cblr-2937	515	15	structured	structured	ADJ
cblr-2937	515	16	finance	finance	NOUN
cblr-2937	515	17	rating	rating	NOUN
cblr-2937	515	18	transition	transition	NOUN
cblr-2937	515	19	and	and	CCONJ
cblr-2937	515	20	default	default	NOUN
cblr-2937	515	21	update	update	NOUN
cblr-2937	515	22	as	as	ADP
cblr-2937	515	23	of	of	ADP
cblr-2937	515	24	july	july	PROPN
cblr-2937	515	25	18	18	NUM
cblr-2937	515	26	,	,	PUNCT
cblr-2937	515	27	2008	2008	NUM
cblr-2937	515	28	(	(	PUNCT
cblr-2937	515	29	2008	2008	NUM
cblr-2937	515	30	)	)	PUNCT
cblr-2937	515	31	;	;	PUNCT
cblr-2937	515	32	standard	standard	PROPN
cblr-2937	515	33	&	&	CCONJ
cblr-2937	515	34	poor	poor	PROPN
cblr-2937	515	35	's	's	PART
cblr-2937	515	36	,	,	PUNCT
cblr-2937	515	37	default	default	NOUN
cblr-2937	515	38	,	,	PUNCT
cblr-2937	515	39	transition	transition	NOUN
cblr-2937	515	40	,	,	PUNCT
cblr-2937	515	41	and	and	CCONJ
cblr-2937	515	42	recovery	recovery	NOUN
cblr-2937	515	43	:	:	PUNCT
cblr-2937	515	44	2007	2007	NUM
cblr-2937	515	45	annual	annual	ADJ
cblr-2937	515	46	global	global	ADJ
cblr-2937	515	47	corporate	corporate	ADJ
cblr-2937	515	48	default	default	NOUN
cblr-2937	515	49	study	study	NOUN
cblr-2937	515	50	and	and	CCONJ
cblr-2937	515	51	rating	rating	NOUN
cblr-2937	515	52	transitions	transition	NOUN
cblr-2937	515	53	(	(	PUNCT
cblr-2937	515	54	2008	2008	NUM
cblr-2937	515	55	)	)	PUNCT
cblr-2937	515	56	.	.	PUNCT
cblr-2937	516	1	107	107	NUM
cblr-2937	516	2	sec	sec	PROPN
cblr-2937	516	3	2007	2007	NUM
cblr-2937	516	4	rule	rule	NOUN
cblr-2937	516	5	,	,	PUNCT
cblr-2937	516	6	supra	supra	PROPN
cblr-2937	516	7	note	note	PROPN
cblr-2937	516	8	67	67	NUM
cblr-2937	516	9	,	,	PUNCT
cblr-2937	516	10	at	at	ADP
cblr-2937	516	11	33,574	33,574	NUM
cblr-2937	516	12	.	.	PUNCT
cblr-2937	517	1	108	108	NUM
cblr-2937	517	2	the	the	DET
cblr-2937	517	3	sec	sec	PROPN
cblr-2937	517	4	comprehensively	comprehensively	ADV
cblr-2937	517	5	discusses	discuss	VERB
cblr-2937	517	6	the	the	DET
cblr-2937	517	7	role	role	NOUN
cblr-2937	517	8	of	of	ADP
cblr-2937	517	9	ratings	rating	NOUN
cblr-2937	517	10	in	in	ADP
cblr-2937	517	11	its	its	PRON
cblr-2937	517	12	own	own	ADJ
cblr-2937	517	13	regulatory	regulatory	ADJ
cblr-2937	517	14	scheme	scheme	NOUN
cblr-2937	517	15	in	in	ADP
cblr-2937	517	16	connection	connection	NOUN
cblr-2937	517	17	with	with	ADP
cblr-2937	517	18	its	its	PRON
cblr-2937	517	19	proposal	proposal	NOUN
cblr-2937	517	20	to	to	PART
cblr-2937	517	21	reduce	reduce	VERB
cblr-2937	517	22	regulatory	regulatory	ADJ
cblr-2937	517	23	reliance	reliance	NOUN
cblr-2937	517	24	on	on	ADP
cblr-2937	517	25	ratings	rating	NOUN
cblr-2937	517	26	,	,	PUNCT
cblr-2937	517	27	published	publish	VERB
cblr-2937	517	28	in	in	ADP
cblr-2937	517	29	the	the	DET
cblr-2937	517	30	federal	federal	ADJ
cblr-2937	517	31	register	register	NOUN
cblr-2937	517	32	.	.	PUNCT
cblr-2937	518	1	see	see	VERB
cblr-2937	518	2	sec	sec	PROPN
cblr-2937	518	3	july	july	PROPN
cblr-2937	518	4	1	1	NUM
cblr-2937	519	1	[	[	X
cblr-2937	519	2	vol	vol	NOUN
cblr-2937	519	3	.	.	NOUN
cblr-2937	519	4	2009	2009	NUM
cblr-2937	519	5	credit	credit	NOUN
cblr-2937	519	6	ra	ra	PROPN
cblr-2937	519	7	ting	ting	PROPN
cblr-2937	519	8	agencies	agency	NOUN
cblr-2937	519	9	guidelines	guideline	NOUN
cblr-2937	519	10	.	.	PUNCT
cblr-2937	520	1	this	this	PRON
cblr-2937	520	2	could	could	AUX
cblr-2937	520	3	create	create	VERB
cblr-2937	520	4	a	a	DET
cblr-2937	520	5	source	source	NOUN
cblr-2937	520	6	of	of	ADP
cblr-2937	520	7	demand	demand	NOUN
cblr-2937	520	8	for	for	ADP
cblr-2937	520	9	ratings	rating	NOUN
cblr-2937	520	10	that	that	PRON
cblr-2937	520	11	is	be	AUX
cblr-2937	520	12	not	not	PART
cblr-2937	520	13	tied	tie	VERB
cblr-2937	520	14	directly	directly	ADV
cblr-2937	520	15	to	to	ADP
cblr-2937	520	16	their	their	PRON
cblr-2937	520	17	quality	quality	NOUN
cblr-2937	520	18	:	:	PUNCT
cblr-2937	520	19	an	an	DET
cblr-2937	520	20	issuer	issuer	NOUN
cblr-2937	520	21	may	may	AUX
cblr-2937	520	22	demand	demand	VERB
cblr-2937	520	23	a	a	DET
cblr-2937	520	24	rating	rating	NOUN
cblr-2937	520	25	because	because	SCONJ
cblr-2937	520	26	investors	investor	NOUN
cblr-2937	520	27	need	need	VERB
cblr-2937	520	28	the	the	DET
cblr-2937	520	29	rating	rating	NOUN
cblr-2937	520	30	to	to	PART
cblr-2937	520	31	fulfill	fulfill	VERB
cblr-2937	520	32	regulatory	regulatory	ADJ
cblr-2937	520	33	or	or	CCONJ
cblr-2937	520	34	other	other	ADJ
cblr-2937	520	35	requirements	requirement	NOUN
cblr-2937	520	36	,	,	PUNCT
cblr-2937	520	37	even	even	ADV
cblr-2937	520	38	if	if	SCONJ
cblr-2937	520	39	neither	neither	DET
cblr-2937	520	40	party	party	NOUN
cblr-2937	520	41	believes	believe	VERB
cblr-2937	520	42	that	that	SCONJ
cblr-2937	520	43	the	the	DET
cblr-2937	520	44	rating	rating	NOUN
cblr-2937	520	45	is	be	AUX
cblr-2937	520	46	a	a	DET
cblr-2937	520	47	high	high	ADJ
cblr-2937	520	48	-	-	PUNCT
cblr-2937	520	49	quality	quality	NOUN
cblr-2937	520	50	assessment	assessment	NOUN
cblr-2937	520	51	of	of	ADP
cblr-2937	520	52	creditworthiness	creditworthiness	PROPN
cblr-2937	520	53	.	.	PUNCT
cblr-2937	521	1	°	°	ADP
cblr-2937	521	2	9	9	NUM
cblr-2937	521	3	if	if	SCONJ
cblr-2937	521	4	this	this	PRON
cblr-2937	521	5	were	be	AUX
cblr-2937	521	6	a	a	DET
cblr-2937	521	7	serious	serious	ADJ
cblr-2937	521	8	problem	problem	NOUN
cblr-2937	521	9	,	,	PUNCT
cblr-2937	521	10	fear	fear	NOUN
cblr-2937	521	11	of	of	ADP
cblr-2937	521	12	loss	loss	NOUN
cblr-2937	521	13	of	of	ADP
cblr-2937	521	14	reputation	reputation	NOUN
cblr-2937	521	15	would	would	AUX
cblr-2937	521	16	not	not	PART
cblr-2937	521	17	constrain	constrain	VERB
cblr-2937	521	18	agencies	agency	NOUN
cblr-2937	521	19	from	from	ADP
cblr-2937	521	20	issuing	issue	VERB
cblr-2937	521	21	low	low	ADJ
cblr-2937	521	22	-	-	PUNCT
cblr-2937	521	23	quality	quality	NOUN
cblr-2937	521	24	ratings	rating	NOUN
cblr-2937	521	25	.	.	PUNCT
cblr-2937	522	1	"	"	PUNCT
cblr-2937	522	2	i	i	PRON
cblr-2937	522	3	although	although	SCONJ
cblr-2937	522	4	academic	academic	ADJ
cblr-2937	522	5	commentators	commentator	NOUN
cblr-2937	522	6	have	have	AUX
cblr-2937	522	7	been	be	AUX
cblr-2937	522	8	arguing	argue	VERB
cblr-2937	522	9	for	for	ADP
cblr-2937	522	10	some	some	DET
cblr-2937	522	11	time	time	NOUN
cblr-2937	522	12	that	that	SCONJ
cblr-2937	522	13	regulatory	regulatory	ADJ
cblr-2937	522	14	reliance	reliance	NOUN
cblr-2937	522	15	on	on	ADP
cblr-2937	522	16	ratings	rating	NOUN
cblr-2937	522	17	explains	explain	VERB
cblr-2937	522	18	how	how	SCONJ
cblr-2937	522	19	rating	rating	NOUN
cblr-2937	522	20	agencies	agency	NOUN
cblr-2937	522	21	can	can	AUX
cblr-2937	522	22	do	do	VERB
cblr-2937	522	23	well	well	ADV
cblr-2937	522	24	even	even	ADV
cblr-2937	522	25	if	if	SCONJ
cblr-2937	522	26	the	the	DET
cblr-2937	522	27	quality	quality	NOUN
cblr-2937	522	28	of	of	ADP
cblr-2937	522	29	their	their	PRON
cblr-2937	522	30	analysis	analysis	NOUN
cblr-2937	522	31	is	be	AUX
cblr-2937	522	32	poor	poor	ADJ
cblr-2937	522	33	,	,	PUNCT
cblr-2937	522	34	"	"	PUNCT
cblr-2937	522	35	'	'	PUNCT
cblr-2937	522	36	the	the	DET
cblr-2937	522	37	sec	sec	PROPN
cblr-2937	522	38	has	have	AUX
cblr-2937	522	39	only	only	ADV
cblr-2937	522	40	recently	recently	ADV
cblr-2937	522	41	begun	begin	VERB
cblr-2937	522	42	a	a	DET
cblr-2937	522	43	serious	serious	ADJ
cblr-2937	522	44	reevaluation	reevaluation	NOUN
cblr-2937	522	45	of	of	ADP
cblr-2937	522	46	the	the	DET
cblr-2937	522	47	role	role	NOUN
cblr-2937	522	48	of	of	ADP
cblr-2937	522	49	agency	agency	NOUN
cblr-2937	522	50	ratings	rating	NOUN
cblr-2937	522	51	.	.	PUNCT
cblr-2937	523	1	reducing	reduce	VERB
cblr-2937	523	2	ratingdependent	ratingdependent	NOUN
cblr-2937	523	3	regulation	regulation	NOUN
cblr-2937	523	4	might	might	AUX
cblr-2937	523	5	well	well	ADV
cblr-2937	523	6	improve	improve	VERB
cblr-2937	523	7	rating	rating	NOUN
cblr-2937	523	8	quality	quality	NOUN
cblr-2937	523	9	by	by	ADP
cblr-2937	523	10	removing	remove	VERB
cblr-2937	523	11	a	a	DET
cblr-2937	523	12	source	source	NOUN
cblr-2937	523	13	of	of	ADP
cblr-2937	523	14	demand	demand	NOUN
cblr-2937	523	15	for	for	ADP
cblr-2937	523	16	ratings	rating	NOUN
cblr-2937	523	17	that	that	PRON
cblr-2937	523	18	is	be	AUX
cblr-2937	523	19	not	not	PART
cblr-2937	523	20	tied	tie	VERB
cblr-2937	523	21	proposal	proposal	NOUN
cblr-2937	523	22	,	,	PUNCT
cblr-2937	523	23	supra	supra	PROPN
cblr-2937	523	24	note	note	PROPN
cblr-2937	523	25	56	56	NUM
cblr-2937	523	26	,	,	PUNCT
cblr-2937	523	27	at	at	ADP
cblr-2937	523	28	40,089	40,089	NUM
cblr-2937	523	29	-	-	SYM
cblr-2937	523	30	97	97	NUM
cblr-2937	523	31	.	.	PUNCT
cblr-2937	524	1	for	for	ADP
cblr-2937	524	2	academic	academic	ADJ
cblr-2937	524	3	compilations	compilation	NOUN
cblr-2937	524	4	of	of	ADP
cblr-2937	524	5	rating	rating	NOUN
cblr-2937	524	6	-	-	PUNCT
cblr-2937	524	7	dependent	dependent	ADJ
cblr-2937	524	8	rules	rule	NOUN
cblr-2937	524	9	in	in	ADP
cblr-2937	524	10	the	the	DET
cblr-2937	524	11	united	united	PROPN
cblr-2937	524	12	states	states	PROPN
cblr-2937	524	13	,	,	PUNCT
cblr-2937	524	14	see	see	VERB
cblr-2937	524	15	sinclair	sinclair	NOUN
cblr-2937	524	16	,	,	PUNCT
cblr-2937	524	17	supra	supra	PROPN
cblr-2937	524	18	note	note	PROPN
cblr-2937	524	19	10	10	NUM
cblr-2937	524	20	,	,	PUNCT
cblr-2937	524	21	at	at	ADP
cblr-2937	524	22	47	47	NUM
cblr-2937	524	23	-	-	SYM
cblr-2937	524	24	49	49	NUM
cblr-2937	524	25	;	;	PUNCT
cblr-2937	524	26	partnoy	partnoy	ADJ
cblr-2937	524	27	,	,	PUNCT
cblr-2937	524	28	supra	supra	ADJ
cblr-2937	524	29	note	note	NOUN
cblr-2937	524	30	68	68	NUM
cblr-2937	524	31	,	,	PUNCT
cblr-2937	524	32	at	at	ADP
cblr-2937	524	33	686	686	NUM
cblr-2937	524	34	-	-	SYM
cblr-2937	524	35	701	701	NUM
cblr-2937	524	36	;	;	PUNCT
cblr-2937	524	37	richard	richard	PROPN
cblr-2937	524	38	cantor	cantor	PROPN
cblr-2937	524	39	&	&	CCONJ
cblr-2937	524	40	frank	frank	PROPN
cblr-2937	524	41	packer	packer	PROPN
cblr-2937	524	42	,	,	PUNCT
cblr-2937	524	43	the	the	DET
cblr-2937	524	44	credit	credit	NOUN
cblr-2937	524	45	rating	rating	NOUN
cblr-2937	524	46	industry	industry	NOUN
cblr-2937	524	47	,	,	PUNCT
cblr-2937	524	48	f.r.b.n.y	f.r.b.n.y	NOUN
cblr-2937	524	49	.	.	PUNCT
cblr-2937	525	1	q.	q.	PROPN
cblr-2937	525	2	rev	rev	PROPN
cblr-2937	525	3	.	.	PROPN
cblr-2937	525	4	,	,	PUNCT
cblr-2937	525	5	summer	summer	NOUN
cblr-2937	525	6	-	-	PUNCT
cblr-2937	525	7	fall	fall	NOUN
cblr-2937	525	8	1994	1994	NUM
cblr-2937	525	9	,	,	PUNCT
cblr-2937	525	10	at	at	ADP
cblr-2937	525	11	6	6	NUM
cblr-2937	525	12	tbl.3	tbl.3	NOUN
cblr-2937	525	13	.	.	PUNCT
cblr-2937	526	1	'	'	PUNCT
cblr-2937	526	2	"	"	PUNCT
cblr-2937	526	3	indeed	indeed	ADV
cblr-2937	526	4	,	,	PUNCT
cblr-2937	526	5	frank	frank	PROPN
cblr-2937	526	6	partnoy	partnoy	AUX
cblr-2937	526	7	proposes	propose	VERB
cblr-2937	526	8	a	a	DET
cblr-2937	526	9	"	"	PUNCT
cblr-2937	526	10	regulatory	regulatory	ADJ
cblr-2937	526	11	license	license	NOUN
cblr-2937	526	12	"	"	PUNCT
cblr-2937	526	13	theory	theory	NOUN
cblr-2937	526	14	of	of	ADP
cblr-2937	526	15	rating	rating	NOUN
cblr-2937	526	16	agencies	agency	NOUN
cblr-2937	526	17	,	,	PUNCT
cblr-2937	526	18	arguing	argue	VERB
cblr-2937	526	19	that	that	SCONJ
cblr-2937	526	20	rating	rating	NOUN
cblr-2937	526	21	-	-	PUNCT
cblr-2937	526	22	dependent	dependent	ADJ
cblr-2937	526	23	regulation	regulation	NOUN
cblr-2937	526	24	is	be	AUX
cblr-2937	526	25	so	so	ADV
cblr-2937	526	26	important	important	ADJ
cblr-2937	526	27	that	that	SCONJ
cblr-2937	526	28	regulation	regulation	NOUN
cblr-2937	526	29	,	,	PUNCT
cblr-2937	526	30	rather	rather	ADV
cblr-2937	526	31	than	than	ADP
cblr-2937	526	32	reputation	reputation	NOUN
cblr-2937	526	33	,	,	PUNCT
cblr-2937	526	34	is	be	AUX
cblr-2937	526	35	the	the	DET
cblr-2937	526	36	fundamental	fundamental	ADJ
cblr-2937	526	37	source	source	NOUN
cblr-2937	526	38	of	of	ADP
cblr-2937	526	39	value	value	NOUN
cblr-2937	526	40	of	of	ADP
cblr-2937	526	41	rating	rating	NOUN
cblr-2937	526	42	agencies	agency	NOUN
cblr-2937	526	43	'	'	PART
cblr-2937	526	44	business	business	NOUN
cblr-2937	526	45	.	.	PUNCT
cblr-2937	527	1	he	he	PRON
cblr-2937	527	2	argues	argue	VERB
cblr-2937	527	3	that	that	SCONJ
cblr-2937	527	4	this	this	PRON
cblr-2937	527	5	explains	explain	VERB
cblr-2937	527	6	rating	rating	NOUN
cblr-2937	527	7	-	-	PUNCT
cblr-2937	527	8	agency	agency	NOUN
cblr-2937	527	9	prosperity	prosperity	NOUN
cblr-2937	527	10	despite	despite	SCONJ
cblr-2937	527	11	poor	poor	ADJ
cblr-2937	527	12	quality	quality	NOUN
cblr-2937	527	13	.	.	PUNCT
cblr-2937	528	1	see	see	VERB
cblr-2937	528	2	coffee	coffee	NOUN
cblr-2937	528	3	,	,	PUNCT
cblr-2937	528	4	supra	supra	PROPN
cblr-2937	528	5	note	note	PROPN
cblr-2937	528	6	80	80	NUM
cblr-2937	528	7	,	,	PUNCT
cblr-2937	528	8	at	at	ADP
cblr-2937	528	9	288	288	NUM
cblr-2937	528	10	-	-	SYM
cblr-2937	528	11	89	89	NUM
cblr-2937	528	12	,	,	PUNCT
cblr-2937	528	13	292	292	NUM
cblr-2937	528	14	;	;	PUNCT
cblr-2937	528	15	frank	frank	PROPN
cblr-2937	528	16	partnoy	partnoy	PROPN
cblr-2937	528	17	,	,	PUNCT
cblr-2937	528	18	barbarians	barbarian	NOUN
cblr-2937	528	19	at	at	ADP
cblr-2937	528	20	the	the	DET
cblr-2937	528	21	gatekeepers	gatekeeper	NOUN
cblr-2937	528	22	?	?	PUNCT
cblr-2937	528	23	:	:	PUNCT
cblr-2937	528	24	a	a	DET
cblr-2937	528	25	proposal	proposal	NOUN
cblr-2937	528	26	for	for	ADP
cblr-2937	528	27	a	a	DET
cblr-2937	528	28	modified	modify	VERB
cblr-2937	528	29	strict	strict	ADJ
cblr-2937	528	30	liability	liability	NOUN
cblr-2937	528	31	regime	regime	NOUN
cblr-2937	528	32	,	,	PUNCT
cblr-2937	528	33	79	79	NUM
cblr-2937	528	34	wash	wash	NOUN
cblr-2937	528	35	.	.	PUNCT
cblr-2937	529	1	u.	u.	PROPN
cblr-2937	529	2	l.q	l.q	PROPN
cblr-2937	529	3	.	.	PROPN
cblr-2937	529	4	491	491	NUM
cblr-2937	529	5	,	,	PUNCT
cblr-2937	529	6	509	509	NUM
cblr-2937	529	7	-	-	SYM
cblr-2937	529	8	10	10	NUM
cblr-2937	529	9	(	(	PUNCT
cblr-2937	529	10	2001	2001	NUM
cblr-2937	529	11	)	)	PUNCT
cblr-2937	529	12	.	.	PUNCT
cblr-2937	530	1	the	the	DET
cblr-2937	530	2	major	major	ADJ
cblr-2937	530	3	policy	policy	NOUN
cblr-2937	530	4	recommendation	recommendation	NOUN
cblr-2937	530	5	flowing	flow	VERB
cblr-2937	530	6	from	from	ADP
cblr-2937	530	7	this	this	DET
cblr-2937	530	8	view	view	NOUN
cblr-2937	530	9	is	be	AUX
cblr-2937	530	10	that	that	SCONJ
cblr-2937	530	11	rating	rating	NOUN
cblr-2937	530	12	-	-	PUNCT
cblr-2937	530	13	dependent	dependent	ADJ
cblr-2937	530	14	regulation	regulation	NOUN
cblr-2937	530	15	should	should	AUX
cblr-2937	530	16	be	be	AUX
cblr-2937	530	17	dismantled	dismantle	VERB
cblr-2937	530	18	.	.	PUNCT
cblr-2937	531	1	see	see	VERB
cblr-2937	531	2	partnoy	partnoy	ADJ
cblr-2937	531	3	,	,	PUNCT
cblr-2937	531	4	supra	supra	ADJ
cblr-2937	531	5	note	note	NOUN
cblr-2937	531	6	68	68	NUM
cblr-2937	531	7	,	,	PUNCT
cblr-2937	531	8	at	at	ADP
cblr-2937	531	9	704	704	NUM
cblr-2937	531	10	.	.	PUNCT
cblr-2937	532	1	this	this	DET
cblr-2937	532	2	view	view	NOUN
cblr-2937	532	3	has	have	AUX
cblr-2937	532	4	become	become	VERB
cblr-2937	532	5	increasingly	increasingly	ADV
cblr-2937	532	6	popular	popular	ADJ
cblr-2937	532	7	during	during	ADP
cblr-2937	532	8	the	the	DET
cblr-2937	532	9	2007	2007	NUM
cblr-2937	532	10	-	-	SYM
cblr-2937	532	11	09	09	NUM
cblr-2937	532	12	credit	credit	NOUN
cblr-2937	532	13	crisis	crisis	NOUN
cblr-2937	532	14	.	.	PUNCT
cblr-2937	533	1	see	see	VERB
cblr-2937	533	2	,	,	PUNCT
cblr-2937	533	3	e.g.	e.g.	ADV
cblr-2937	533	4	,	,	PUNCT
cblr-2937	533	5	statement	statement	NOUN
cblr-2937	533	6	,	,	PUNCT
cblr-2937	533	7	financial	financial	ADJ
cblr-2937	533	8	economists	economist	NOUN
cblr-2937	533	9	roundtable	roundtable	ADJ
cblr-2937	533	10	,	,	PUNCT
cblr-2937	533	11	statement	statement	NOUN
cblr-2937	533	12	on	on	ADP
cblr-2937	533	13	reforming	reform	VERB
cblr-2937	533	14	the	the	DET
cblr-2937	533	15	role	role	NOUN
cblr-2937	533	16	of	of	ADP
cblr-2937	533	17	the	the	DET
cblr-2937	533	18	statistical	statistical	ADJ
cblr-2937	533	19	ratings	rating	NOUN
cblr-2937	533	20	organizations	organization	NOUN
cblr-2937	533	21	in	in	ADP
cblr-2937	533	22	the	the	DET
cblr-2937	533	23	securitization	securitization	NOUN
cblr-2937	533	24	process	process	NOUN
cblr-2937	533	25	10	10	NUM
cblr-2937	533	26	(	(	PUNCT
cblr-2937	533	27	dec	dec	PROPN
cblr-2937	533	28	.	.	PROPN
cblr-2937	533	29	1	1	NUM
cblr-2937	533	30	,	,	PUNCT
cblr-2937	533	31	2008	2008	NUM
cblr-2937	533	32	)	)	PUNCT
cblr-2937	533	33	(	(	PUNCT
cblr-2937	533	34	"	"	PUNCT
cblr-2937	533	35	the	the	DET
cblr-2937	533	36	fer	fer	PROPN
cblr-2937	533	37	strongly	strongly	ADV
cblr-2937	533	38	endorses	endorse	VERB
cblr-2937	533	39	eliminating	eliminate	VERB
cblr-2937	533	40	from	from	ADP
cblr-2937	533	41	sec	sec	PROPN
cblr-2937	533	42	regulations	regulation	NOUN
cblr-2937	533	43	every	every	DET
cblr-2937	533	44	prescriptive	prescriptive	ADJ
cblr-2937	533	45	mandate	mandate	NOUN
cblr-2937	533	46	that	that	PRON
cblr-2937	533	47	is	be	AUX
cblr-2937	533	48	or	or	CCONJ
cblr-2937	533	49	would	would	AUX
cblr-2937	533	50	be	be	AUX
cblr-2937	533	51	based	base	VERB
cblr-2937	533	52	solely	solely	ADV
cblr-2937	533	53	on	on	ADP
cblr-2937	533	54	credit	credit	NOUN
cblr-2937	533	55	ratings	rating	NOUN
cblr-2937	533	56	set	set	VERB
cblr-2937	533	57	by	by	ADP
cblr-2937	533	58	nrsros	nrsros	PROPN
cblr-2937	533	59	.	.	PUNCT
cblr-2937	533	60	"	"	PUNCT
cblr-2937	533	61	)	)	PUNCT
cblr-2937	533	62	.	.	PUNCT
cblr-2937	534	1	110	110	NUM
cblr-2937	534	2	in	in	ADP
cblr-2937	534	3	this	this	DET
cblr-2937	534	4	scenario	scenario	NOUN
cblr-2937	534	5	,	,	PUNCT
cblr-2937	534	6	it	it	PRON
cblr-2937	534	7	is	be	AUX
cblr-2937	534	8	possible	possible	ADJ
cblr-2937	534	9	that	that	SCONJ
cblr-2937	534	10	fear	fear	VERB
cblr-2937	534	11	that	that	SCONJ
cblr-2937	534	12	ratings	rating	NOUN
cblr-2937	534	13	would	would	AUX
cblr-2937	534	14	stop	stop	VERB
cblr-2937	534	15	being	be	AUX
cblr-2937	534	16	incorporated	incorporate	VERB
cblr-2937	534	17	into	into	ADP
cblr-2937	534	18	financial	financial	ADJ
cblr-2937	534	19	regulation	regulation	NOUN
cblr-2937	534	20	and	and	CCONJ
cblr-2937	534	21	private	private	ADJ
cblr-2937	534	22	contracts	contract	NOUN
cblr-2937	534	23	and	and	CCONJ
cblr-2937	534	24	guidelines	guideline	NOUN
cblr-2937	534	25	would	would	AUX
cblr-2937	534	26	deter	deter	VERB
cblr-2937	534	27	rating	rating	NOUN
cblr-2937	534	28	agencies	agency	NOUN
cblr-2937	534	29	from	from	ADP
cblr-2937	534	30	low	low	ADJ
cblr-2937	534	31	-	-	PUNCT
cblr-2937	534	32	quality	quality	NOUN
cblr-2937	534	33	production	production	NOUN
cblr-2937	534	34	.	.	PUNCT
cblr-2937	535	1	although	although	SCONJ
cblr-2937	535	2	this	this	PRON
cblr-2937	535	3	might	might	AUX
cblr-2937	535	4	reduce	reduce	VERB
cblr-2937	535	5	any	any	DET
cblr-2937	535	6	impairment	impairment	NOUN
cblr-2937	535	7	of	of	ADP
cblr-2937	535	8	the	the	DET
cblr-2937	535	9	reputation	reputation	NOUN
cblr-2937	535	10	mechanism	mechanism	NOUN
cblr-2937	535	11	arising	arise	VERB
cblr-2937	535	12	from	from	ADP
cblr-2937	535	13	rating	rating	NOUN
cblr-2937	535	14	-	-	PUNCT
cblr-2937	535	15	dependent	dependent	ADJ
cblr-2937	535	16	regulation	regulation	NOUN
cblr-2937	535	17	,	,	PUNCT
cblr-2937	535	18	it	it	PRON
cblr-2937	535	19	seems	seem	VERB
cblr-2937	535	20	unlikely	unlikely	ADJ
cblr-2937	535	21	to	to	PART
cblr-2937	535	22	eliminate	eliminate	VERB
cblr-2937	535	23	it	it	PRON
cblr-2937	535	24	.	.	PUNCT
cblr-2937	535	25	'	'	PUNCT
cblr-2937	536	1	see	see	AUX
cblr-2937	536	2	generally	generally	ADV
cblr-2937	536	3	partnoy	partnoy	ADJ
cblr-2937	536	4	,	,	PUNCT
cblr-2937	536	5	supra	supra	ADJ
cblr-2937	536	6	note	note	NOUN
cblr-2937	536	7	68	68	NUM
cblr-2937	536	8	,	,	PUNCT
cblr-2937	536	9	at	at	ADP
cblr-2937	536	10	621	621	NUM
cblr-2937	536	11	-	-	SYM
cblr-2937	536	12	22	22	NUM
cblr-2937	536	13	.	.	PUNCT
cblr-2937	537	1	see	see	VERB
cblr-2937	537	2	hill	hill	PROPN
cblr-2937	537	3	,	,	PUNCT
cblr-2937	537	4	supra	supra	PROPN
cblr-2937	537	5	note	note	PROPN
cblr-2937	537	6	12	12	NUM
cblr-2937	537	7	,	,	PUNCT
cblr-2937	537	8	for	for	ADP
cblr-2937	537	9	a	a	DET
cblr-2937	537	10	review	review	NOUN
cblr-2937	537	11	of	of	ADP
cblr-2937	537	12	contrary	contrary	ADJ
cblr-2937	537	13	evidence	evidence	NOUN
cblr-2937	537	14	.	.	PUNCT
cblr-2937	538	1	no	no	INTJ
cblr-2937	538	2	.	.	PUNCT
cblr-2937	539	1	1:109	1:109	NUM
cblr-2937	539	2	]	]	X
cblr-2937	539	3	columbia	columbia	PROPN
cblr-2937	539	4	business	business	PROPN
cblr-2937	539	5	law	law	PROPN
cblr-2937	539	6	review	review	VERB
cblr-2937	539	7	directly	directly	ADV
cblr-2937	539	8	to	to	ADP
cblr-2937	539	9	quality	quality	NOUN
cblr-2937	539	10	,	,	PUNCT
cblr-2937	539	11	but	but	CCONJ
cblr-2937	539	12	it	it	PRON
cblr-2937	539	13	creates	create	VERB
cblr-2937	539	14	other	other	ADJ
cblr-2937	539	15	problems	problem	NOUN
cblr-2937	539	16	for	for	ADP
cblr-2937	539	17	financial	financial	ADJ
cblr-2937	539	18	regulation	regulation	NOUN
cblr-2937	539	19	,	,	PUNCT
cblr-2937	539	20	and	and	CCONJ
cblr-2937	539	21	,	,	PUNCT
cblr-2937	539	22	in	in	ADP
cblr-2937	539	23	any	any	DET
cblr-2937	539	24	event	event	NOUN
cblr-2937	539	25	,	,	PUNCT
cblr-2937	539	26	the	the	DET
cblr-2937	539	27	effort	effort	NOUN
cblr-2937	539	28	to	to	PART
cblr-2937	539	29	reduce	reduce	VERB
cblr-2937	539	30	dependence	dependence	NOUN
cblr-2937	539	31	is	be	AUX
cblr-2937	539	32	quite	quite	ADV
cblr-2937	539	33	modest	modest	ADJ
cblr-2937	539	34	in	in	ADP
cblr-2937	539	35	scope	scope	NOUN
cblr-2937	539	36	so	so	ADV
cblr-2937	539	37	far	far	ADV
cblr-2937	539	38	.	.	PUNCT
cblr-2937	540	1	more	more	ADV
cblr-2937	540	2	fundamentally	fundamentally	ADV
cblr-2937	540	3	,	,	PUNCT
cblr-2937	540	4	efforts	effort	NOUN
cblr-2937	540	5	to	to	PART
cblr-2937	540	6	improve	improve	VERB
cblr-2937	540	7	rating	rating	NOUN
cblr-2937	540	8	quality	quality	NOUN
cblr-2937	540	9	by	by	ADP
cblr-2937	540	10	reducing	reduce	VERB
cblr-2937	540	11	rating	rating	NOUN
cblr-2937	540	12	-	-	PUNCT
cblr-2937	540	13	dependent	dependent	ADJ
cblr-2937	540	14	regulation	regulation	NOUN
cblr-2937	540	15	share	share	VERB
cblr-2937	540	16	the	the	DET
cblr-2937	540	17	assumption	assumption	NOUN
cblr-2937	540	18	that	that	SCONJ
cblr-2937	540	19	a	a	DET
cblr-2937	540	20	well	well	ADV
cblr-2937	540	21	-	-	PUNCT
cblr-2937	540	22	functioning	function	VERB
cblr-2937	540	23	reputation	reputation	NOUN
cblr-2937	540	24	can	can	AUX
cblr-2937	540	25	in	in	ADP
cblr-2937	540	26	principle	principle	NOUN
cblr-2937	540	27	produce	produce	VERB
cblr-2937	540	28	high	high	ADJ
cblr-2937	540	29	quality	quality	NOUN
cblr-2937	540	30	-	-	PUNCT
cblr-2937	540	31	an	an	PRON
cblr-2937	540	32	assumption	assumption	NOUN
cblr-2937	540	33	that	that	PRON
cblr-2937	540	34	is	be	AUX
cblr-2937	540	35	highly	highly	ADV
cblr-2937	540	36	questionable	questionable	ADJ
cblr-2937	540	37	in	in	ADP
cblr-2937	540	38	the	the	DET
cblr-2937	540	39	case	case	NOUN
cblr-2937	540	40	of	of	ADP
cblr-2937	540	41	novel	novel	ADJ
cblr-2937	540	42	products	product	NOUN
cblr-2937	540	43	.	.	PUNCT
cblr-2937	541	1	a.	a.	NOUN
cblr-2937	541	2	the	the	DET
cblr-2937	541	3	scope	scope	NOUN
cblr-2937	541	4	of	of	ADP
cblr-2937	541	5	rating	rating	NOUN
cblr-2937	541	6	-	-	PUNCT
cblr-2937	541	7	dependent	dependent	ADJ
cblr-2937	541	8	regulation	regulation	NOUN
cblr-2937	541	9	nrsro	nrsro	ADJ
cblr-2937	541	10	ratings	rating	NOUN
cblr-2937	541	11	have	have	VERB
cblr-2937	541	12	regulatory	regulatory	ADJ
cblr-2937	541	13	significance	significance	NOUN
cblr-2937	541	14	across	across	ADP
cblr-2937	541	15	a	a	DET
cblr-2937	541	16	broad	broad	ADJ
cblr-2937	541	17	swath	swath	NOUN
cblr-2937	541	18	of	of	ADP
cblr-2937	541	19	financial	financial	ADJ
cblr-2937	541	20	regulation	regulation	NOUN
cblr-2937	541	21	.	.	PUNCT
cblr-2937	542	1	i.	i.	PROPN
cblr-2937	542	2	federal	federal	PROPN
cblr-2937	542	3	rules	rule	VERB
cblr-2937	542	4	the	the	DET
cblr-2937	542	5	sec	sec	PROPN
cblr-2937	542	6	reports	report	VERB
cblr-2937	542	7	that	that	SCONJ
cblr-2937	542	8	at	at	ADV
cblr-2937	542	9	least	least	ADJ
cblr-2937	542	10	forty	forty	NUM
cblr-2937	542	11	-	-	PUNCT
cblr-2937	542	12	four	four	NUM
cblr-2937	542	13	of	of	ADP
cblr-2937	542	14	its	its	PRON
cblr-2937	542	15	rules	rule	NOUN
cblr-2937	542	16	and	and	CCONJ
cblr-2937	542	17	forms	form	NOUN
cblr-2937	542	18	currently	currently	ADV
cblr-2937	542	19	incorporate	incorporate	VERB
cblr-2937	542	20	agency	agency	NOUN
cblr-2937	542	21	ratings	rating	NOUN
cblr-2937	542	22	.	.	PUNCT
cblr-2937	543	1	2	2	NUM
cblr-2937	543	2	it	it	PRON
cblr-2937	543	3	recently	recently	ADV
cblr-2937	543	4	highlighted	highlight	VERB
cblr-2937	543	5	three	three	NUM
cblr-2937	543	6	of	of	ADP
cblr-2937	543	7	the	the	DET
cblr-2937	543	8	provisions	provision	NOUN
cblr-2937	543	9	in	in	ADP
cblr-2937	543	10	particular	particular	ADJ
cblr-2937	543	11	:	:	PUNCT
cblr-2937	543	12	(	(	PUNCT
cblr-2937	543	13	1	1	X
cblr-2937	543	14	)	)	PUNCT
cblr-2937	543	15	rule	rule	NOUN
cblr-2937	543	16	3a7	3a7	NUM
cblr-2937	543	17	under	under	ADP
cblr-2937	543	18	the	the	DET
cblr-2937	543	19	investment	investment	NOUN
cblr-2937	543	20	company	company	NOUN
cblr-2937	543	21	act	act	NOUN
cblr-2937	543	22	,	,	PUNCT
cblr-2937	543	23	which	which	PRON
cblr-2937	543	24	exempts	exempt	VERB
cblr-2937	543	25	structured	structure	VERB
cblr-2937	543	26	-	-	PUNCT
cblr-2937	543	27	finance	finance	NOUN
cblr-2937	543	28	vehicles	vehicle	NOUN
cblr-2937	543	29	from	from	ADP
cblr-2937	543	30	the	the	DET
cblr-2937	543	31	act	act	NOUN
cblr-2937	543	32	"	"	PUNCT
cblr-2937	543	33	3	3	NUM
cblr-2937	543	34	as	as	ADV
cblr-2937	543	35	long	long	ADV
cblr-2937	543	36	as	as	SCONJ
cblr-2937	543	37	the	the	DET
cblr-2937	543	38	securities	security	NOUN
cblr-2937	543	39	that	that	PRON
cblr-2937	543	40	are	be	AUX
cblr-2937	543	41	issued	issue	VERB
cblr-2937	543	42	receive	receive	VERB
cblr-2937	543	43	one	one	NUM
cblr-2937	543	44	of	of	ADP
cblr-2937	543	45	the	the	DET
cblr-2937	543	46	four	four	NUM
cblr-2937	543	47	highest	high	ADJ
cblr-2937	543	48	ratings	rating	NOUN
cblr-2937	543	49	from	from	ADP
cblr-2937	543	50	an	an	DET
cblr-2937	543	51	nrsro	nrsro	NOUN
cblr-2937	543	52	and	and	CCONJ
cblr-2937	543	53	meet	meet	VERB
cblr-2937	543	54	other	other	ADJ
cblr-2937	543	55	requirements	requirement	NOUN
cblr-2937	543	56	;	;	PUNCT
cblr-2937	543	57	"	"	PUNCT
cblr-2937	543	58	4	4	NUM
cblr-2937	543	59	(	(	PUNCT
cblr-2937	543	60	2	2	NUM
cblr-2937	543	61	)	)	PUNCT
cblr-2937	543	62	rule	rule	VERB
cblr-2937	543	63	15c3	15c3	NUM
cblr-2937	543	64	-	-	SYM
cblr-2937	543	65	1	1	NUM
cblr-2937	543	66	under	under	ADP
cblr-2937	543	67	the	the	DET
cblr-2937	543	68	securities	security	NOUN
cblr-2937	543	69	exchange	exchange	PROPN
cblr-2937	543	70	act	act	NOUN
cblr-2937	543	71	of	of	ADP
cblr-2937	543	72	1934	1934	NUM
cblr-2937	543	73	,	,	PUNCT
cblr-2937	543	74	which	which	PRON
cblr-2937	543	75	requires	require	VERB
cblr-2937	543	76	that	that	SCONJ
cblr-2937	543	77	broker	broker	NOUN
cblr-2937	543	78	-	-	PUNCT
cblr-2937	543	79	dealers	dealer	NOUN
cblr-2937	543	80	maintain	maintain	VERB
cblr-2937	543	81	net	net	ADJ
cblr-2937	543	82	capital	capital	NOUN
cblr-2937	543	83	112	112	NUM
cblr-2937	543	84	see	see	VERB
cblr-2937	543	85	christopher	christopher	PROPN
cblr-2937	543	86	cox	cox	PROPN
cblr-2937	543	87	,	,	PUNCT
cblr-2937	543	88	chairman	chairman	NOUN
cblr-2937	543	89	,	,	PUNCT
cblr-2937	543	90	u.s	u.s	PROPN
cblr-2937	543	91	.	.	PROPN
cblr-2937	543	92	sec	sec	PROPN
cblr-2937	543	93	.	.	PROPN
cblr-2937	543	94	&	&	CCONJ
cblr-2937	543	95	exch	exch	PROPN
cblr-2937	543	96	.	.	PUNCT
cblr-2937	544	1	comm'n	comm'n	PROPN
cblr-2937	544	2	,	,	PUNCT
cblr-2937	544	3	statement	statement	NOUN
cblr-2937	544	4	on	on	ADP
cblr-2937	544	5	proposal	proposal	NOUN
cblr-2937	544	6	to	to	PART
cblr-2937	544	7	increase	increase	VERB
cblr-2937	544	8	investor	investor	NOUN
cblr-2937	544	9	protection	protection	NOUN
cblr-2937	544	10	by	by	ADP
cblr-2937	544	11	reducing	reduce	VERB
cblr-2937	544	12	reliance	reliance	NOUN
cblr-2937	544	13	on	on	ADP
cblr-2937	544	14	credit	credit	NOUN
cblr-2937	544	15	ratings	rating	NOUN
cblr-2937	544	16	(	(	PUNCT
cblr-2937	544	17	june	june	PROPN
cblr-2937	544	18	25	25	NUM
cblr-2937	544	19	,	,	PUNCT
cblr-2937	544	20	2008	2008	NUM
cblr-2937	544	21	)	)	PUNCT
cblr-2937	544	22	.	.	PUNCT
cblr-2937	545	1	113	113	NUM
cblr-2937	545	2	such	such	DET
cblr-2937	545	3	an	an	DET
cblr-2937	545	4	exemption	exemption	NOUN
cblr-2937	545	5	is	be	AUX
cblr-2937	545	6	important	important	ADJ
cblr-2937	545	7	for	for	ADP
cblr-2937	545	8	structured	structure	VERB
cblr-2937	545	9	finance	finance	NOUN
cblr-2937	545	10	arrangers	arranger	NOUN
cblr-2937	545	11	because	because	SCONJ
cblr-2937	545	12	securitization	securitization	NOUN
cblr-2937	545	13	vehicles	vehicle	NOUN
cblr-2937	545	14	arguably	arguably	ADV
cblr-2937	545	15	meet	meet	VERB
cblr-2937	545	16	the	the	DET
cblr-2937	545	17	technical	technical	ADJ
cblr-2937	545	18	definition	definition	NOUN
cblr-2937	545	19	of	of	ADP
cblr-2937	545	20	an	an	DET
cblr-2937	545	21	"	"	PUNCT
cblr-2937	545	22	investment	investment	NOUN
cblr-2937	545	23	company	company	NOUN
cblr-2937	545	24	"	"	PUNCT
cblr-2937	545	25	under	under	ADP
cblr-2937	545	26	the	the	DET
cblr-2937	545	27	act	act	NOUN
cblr-2937	545	28	.	.	PUNCT
cblr-2937	546	1	see	see	VERB
cblr-2937	546	2	15	15	NUM
cblr-2937	546	3	u.s.c	u.s.c	ADJ
cblr-2937	546	4	.	.	PUNCT
cblr-2937	547	1	§	§	PROPN
cblr-2937	547	2	80a-3(a)(1)(a	80a-3(a)(1)(a	NUM
cblr-2937	547	3	)	)	PUNCT
cblr-2937	547	4	(	(	PUNCT
cblr-2937	547	5	2008	2008	NUM
cblr-2937	547	6	)	)	PUNCT
cblr-2937	547	7	(	(	PUNCT
cblr-2937	547	8	defining	define	VERB
cblr-2937	547	9	"	"	PUNCT
cblr-2937	547	10	investment	investment	NOUN
cblr-2937	547	11	company	company	NOUN
cblr-2937	547	12	"	"	PUNCT
cblr-2937	547	13	as	as	ADP
cblr-2937	547	14	"	"	PUNCT
cblr-2937	547	15	any	any	DET
cblr-2937	547	16	issuer	issuer	NOUN
cblr-2937	547	17	which	which	PRON
cblr-2937	547	18	-	-	PUNCT
cblr-2937	547	19	is	be	AUX
cblr-2937	547	20	or	or	CCONJ
cblr-2937	547	21	holds	hold	VERB
cblr-2937	547	22	itself	itself	PRON
cblr-2937	547	23	out	out	ADP
cblr-2937	547	24	as	as	ADP
cblr-2937	547	25	being	be	AUX
cblr-2937	547	26	engaged	engage	VERB
cblr-2937	547	27	primarily	primarily	ADV
cblr-2937	547	28	,	,	PUNCT
cblr-2937	547	29	or	or	CCONJ
cblr-2937	547	30	proposes	propose	VERB
cblr-2937	547	31	to	to	PART
cblr-2937	547	32	engage	engage	VERB
cblr-2937	547	33	primarily	primarily	ADV
cblr-2937	547	34	,	,	PUNCT
cblr-2937	547	35	in	in	ADP
cblr-2937	547	36	the	the	DET
cblr-2937	547	37	business	business	NOUN
cblr-2937	547	38	of	of	ADP
cblr-2937	547	39	investing	investing	NOUN
cblr-2937	547	40	,	,	PUNCT
cblr-2937	547	41	reinvesting	reinveste	VERB
cblr-2937	547	42	,	,	PUNCT
cblr-2937	547	43	or	or	CCONJ
cblr-2937	547	44	trading	trading	NOUN
cblr-2937	547	45	in	in	ADP
cblr-2937	547	46	securities	security	NOUN
cblr-2937	547	47	"	"	PUNCT
cblr-2937	547	48	)	)	PUNCT
cblr-2937	547	49	.	.	PUNCT
cblr-2937	548	1	at	at	ADP
cblr-2937	548	2	the	the	DET
cblr-2937	548	3	same	same	ADJ
cblr-2937	548	4	time	time	NOUN
cblr-2937	548	5	,	,	PUNCT
cblr-2937	548	6	it	it	PRON
cblr-2937	548	7	seems	seem	VERB
cblr-2937	548	8	highly	highly	ADV
cblr-2937	548	9	impractical	impractical	ADJ
cblr-2937	548	10	for	for	SCONJ
cblr-2937	548	11	such	such	ADJ
cblr-2937	548	12	vehicles	vehicle	NOUN
cblr-2937	548	13	to	to	PART
cblr-2937	548	14	meet	meet	VERB
cblr-2937	548	15	the	the	DET
cblr-2937	548	16	act	act	NOUN
cblr-2937	548	17	's	's	PART
cblr-2937	548	18	requirements	requirement	NOUN
cblr-2937	548	19	,	,	PUNCT
cblr-2937	548	20	which	which	PRON
cblr-2937	548	21	are	be	AUX
cblr-2937	548	22	designed	design	VERB
cblr-2937	548	23	for	for	ADP
cblr-2937	548	24	mutual	mutual	ADJ
cblr-2937	548	25	funds	fund	NOUN
cblr-2937	548	26	.	.	PUNCT
cblr-2937	549	1	114	114	NUM
cblr-2937	549	2	17	17	NUM
cblr-2937	549	3	c.f.r	c.f.r	NOUN
cblr-2937	549	4	.	.	PUNCT
cblr-2937	550	1	§	§	PROPN
cblr-2937	550	2	270.3a-7(a)(2	270.3a-7(a)(2	NOUN
cblr-2937	550	3	)	)	PUNCT
cblr-2937	550	4	(	(	PUNCT
cblr-2937	550	5	2008	2008	NUM
cblr-2937	550	6	)	)	PUNCT
cblr-2937	550	7	.	.	PUNCT
cblr-2937	551	1	the	the	DET
cblr-2937	551	2	sec	sec	PROPN
cblr-2937	551	3	recently	recently	ADV
cblr-2937	551	4	proposed	propose	VERB
cblr-2937	551	5	to	to	PART
cblr-2937	551	6	change	change	VERB
cblr-2937	551	7	this	this	DET
cblr-2937	551	8	rule	rule	NOUN
cblr-2937	551	9	to	to	PART
cblr-2937	551	10	remove	remove	VERB
cblr-2937	551	11	reference	reference	NOUN
cblr-2937	551	12	to	to	ADP
cblr-2937	551	13	ratings	rating	NOUN
cblr-2937	551	14	and	and	CCONJ
cblr-2937	551	15	to	to	PART
cblr-2937	551	16	exempt	exempt	VERB
cblr-2937	551	17	structuredfinance	structuredfinance	NOUN
cblr-2937	551	18	vehicles	vehicle	NOUN
cblr-2937	551	19	that	that	PRON
cblr-2937	551	20	sell	sell	VERB
cblr-2937	551	21	only	only	ADV
cblr-2937	551	22	to	to	ADP
cblr-2937	551	23	qualified	qualified	ADJ
cblr-2937	551	24	institutional	institutional	ADJ
cblr-2937	551	25	buyers	buyer	NOUN
cblr-2937	551	26	and	and	CCONJ
cblr-2937	551	27	accredited	accredit	VERB
cblr-2937	551	28	investors	investor	NOUN
cblr-2937	551	29	(	(	PUNCT
cblr-2937	551	30	as	as	SCONJ
cblr-2937	551	31	opposed	oppose	VERB
cblr-2937	551	32	to	to	ADP
cblr-2937	551	33	retail	retail	ADJ
cblr-2937	551	34	investors	investor	NOUN
cblr-2937	551	35	)	)	PUNCT
cblr-2937	551	36	.	.	PUNCT
cblr-2937	552	1	sec	sec	PROPN
cblr-2937	552	2	july	july	PROPN
cblr-2937	552	3	1	1	NUM
cblr-2937	552	4	proposal	proposal	NOUN
cblr-2937	552	5	,	,	PUNCT
cblr-2937	552	6	supra	supra	PROPN
cblr-2937	552	7	note	note	PROPN
cblr-2937	552	8	56	56	NUM
cblr-2937	552	9	,	,	PUNCT
cblr-2937	552	10	at	at	ADP
cblr-2937	552	11	40,127	40,127	NUM
cblr-2937	552	12	-	-	SYM
cblr-2937	552	13	28	28	NUM
cblr-2937	552	14	,	,	PUNCT
cblr-2937	552	15	40,141	40,141	NUM
cblr-2937	552	16	.	.	PUNCT
cblr-2937	553	1	[	[	X
cblr-2937	553	2	vol	vol	NOUN
cblr-2937	553	3	.	.	NOUN
cblr-2937	553	4	2009	2009	NUM
cblr-2937	553	5	credit	credit	NOUN
cblr-2937	553	6	ra	ra	PROPN
cblr-2937	553	7	ting	ting	PROPN
cblr-2937	553	8	agencies	agency	NOUN
cblr-2937	553	9	equal	equal	ADJ
cblr-2937	553	10	to	to	ADP
cblr-2937	553	11	a	a	DET
cblr-2937	553	12	fraction	fraction	NOUN
cblr-2937	553	13	of	of	ADP
cblr-2937	553	14	liabilities115	liabilities115	PROPN
cblr-2937	553	15	and	and	CCONJ
cblr-2937	553	16	provides	provide	VERB
cblr-2937	553	17	that	that	PRON
cblr-2937	553	18	debt	debt	NOUN
cblr-2937	553	19	securities	security	NOUN
cblr-2937	553	20	,	,	PUNCT
cblr-2937	553	21	commercial	commercial	ADJ
cblr-2937	553	22	paper	paper	NOUN
cblr-2937	553	23	,	,	PUNCT
cblr-2937	553	24	and	and	CCONJ
cblr-2937	553	25	other	other	ADJ
cblr-2937	553	26	instruments	instrument	NOUN
cblr-2937	553	27	count	count	VERB
cblr-2937	553	28	for	for	ADP
cblr-2937	553	29	more	more	ADJ
cblr-2937	553	30	toward	toward	ADP
cblr-2937	553	31	the	the	DET
cblr-2937	553	32	net	net	ADJ
cblr-2937	553	33	capital	capital	NOUN
cblr-2937	553	34	requirement	requirement	NOUN
cblr-2937	553	35	if	if	SCONJ
cblr-2937	553	36	they	they	PRON
cblr-2937	553	37	receive	receive	VERB
cblr-2937	553	38	high	high	ADJ
cblr-2937	553	39	ratings	rating	NOUN
cblr-2937	553	40	from	from	ADP
cblr-2937	553	41	nrsros	nrsro	NOUN
cblr-2937	553	42	;	;	PUNCT
cblr-2937	553	43	116	116	NUM
cblr-2937	553	44	and	and	CCONJ
cblr-2937	553	45	(	(	PUNCT
cblr-2937	553	46	3	3	X
cblr-2937	553	47	)	)	PUNCT
cblr-2937	553	48	rule	rule	NOUN
cblr-2937	553	49	2a-7	2a-7	PROPN
cblr-2937	553	50	under	under	ADP
cblr-2937	553	51	the	the	DET
cblr-2937	553	52	investment	investment	NOUN
cblr-2937	553	53	company	company	NOUN
cblr-2937	553	54	act	act	NOUN
cblr-2937	553	55	of	of	ADP
cblr-2937	553	56	1940	1940	NUM
cblr-2937	553	57	,	,	PUNCT
cblr-2937	553	58	which	which	PRON
cblr-2937	553	59	limits	limit	VERB
cblr-2937	553	60	moneymarket	moneymarket	NOUN
cblr-2937	553	61	funds	fund	NOUN
cblr-2937	553	62	to	to	ADP
cblr-2937	553	63	investments	investment	NOUN
cblr-2937	553	64	in	in	ADP
cblr-2937	553	65	"	"	PUNCT
cblr-2937	553	66	eligible	eligible	ADJ
cblr-2937	553	67	securities	security	NOUN
cblr-2937	553	68	,	,	PUNCT
cblr-2937	553	69	"	"	PUNCT
cblr-2937	553	70	a	a	DET
cblr-2937	553	71	category	category	NOUN
cblr-2937	553	72	that	that	PRON
cblr-2937	553	73	includes	include	VERB
cblr-2937	553	74	only	only	ADV
cblr-2937	553	75	securities	security	NOUN
cblr-2937	553	76	that	that	PRON
cblr-2937	553	77	have	have	VERB
cblr-2937	553	78	high	high	ADJ
cblr-2937	553	79	nrsro	nrsro	ADJ
cblr-2937	553	80	ratings	rating	NOUN
cblr-2937	553	81	,	,	PUNCT
cblr-2937	553	82	or	or	CCONJ
cblr-2937	553	83	"	"	PUNCT
cblr-2937	553	84	that	that	PRON
cblr-2937	553	85	[	[	X
cblr-2937	553	86	are	be	AUX
cblr-2937	553	87	]	]	PUNCT
cblr-2937	553	88	of	of	ADP
cblr-2937	553	89	comparable	comparable	ADJ
cblr-2937	553	90	quality	quality	NOUN
cblr-2937	553	91	"	"	PUNCT
cblr-2937	553	92	to	to	ADP
cblr-2937	553	93	a	a	DET
cblr-2937	553	94	security	security	NOUN
cblr-2937	553	95	meeting	meet	VERB
cblr-2937	553	96	the	the	DET
cblr-2937	553	97	nrsro	nrsro	ADV
cblr-2937	553	98	-	-	PUNCT
cblr-2937	553	99	based	base	VERB
cblr-2937	553	100	test.117	test.117	PROPN
cblr-2937	553	101	notably	notably	ADV
cblr-2937	553	102	,	,	PUNCT
cblr-2937	553	103	the	the	DET
cblr-2937	553	104	sec	sec	PROPN
cblr-2937	553	105	's	's	PART
cblr-2937	553	106	proposed	propose	VERB
cblr-2937	553	107	rule	rule	NOUN
cblr-2937	553	108	changes	change	NOUN
cblr-2937	553	109	may	may	AUX
cblr-2937	553	110	not	not	PART
cblr-2937	553	111	make	make	VERB
cblr-2937	553	112	much	much	ADJ
cblr-2937	553	113	practical	practical	ADJ
cblr-2937	553	114	difference	difference	NOUN
cblr-2937	553	115	in	in	ADP
cblr-2937	553	116	any	any	PRON
cblr-2937	553	117	of	of	ADP
cblr-2937	553	118	the	the	DET
cblr-2937	553	119	three	three	NUM
cblr-2937	553	120	areas	area	NOUN
cblr-2937	553	121	:	:	PUNCT
cblr-2937	553	122	the	the	DET
cblr-2937	553	123	commission	commission	NOUN
cblr-2937	553	124	stated	state	VERB
cblr-2937	553	125	that	that	SCONJ
cblr-2937	553	126	most	most	ADV
cblr-2937	553	127	structured	structured	ADJ
cblr-2937	553	128	-	-	PUNCT
cblr-2937	553	129	finance	finance	NOUN
cblr-2937	553	130	issues	issue	NOUN
cblr-2937	553	131	do	do	AUX
cblr-2937	553	132	not	not	PART
cblr-2937	553	133	depend	depend	VERB
cblr-2937	553	134	on	on	ADP
cblr-2937	553	135	rule	rule	NOUN
cblr-2937	553	136	3a-7	3a-7	PROPN
cblr-2937	553	137	,	,	PUNCT
cblr-2937	553	138	"	"	PUNCT
cblr-2937	553	139	s	s	VERB
cblr-2937	553	140	that	that	SCONJ
cblr-2937	553	141	broker	broker	NOUN
cblr-2937	553	142	-	-	PUNCT
cblr-2937	553	143	dealers	dealer	NOUN
cblr-2937	553	144	"	"	PUNCT
cblr-2937	553	145	that	that	PRON
cblr-2937	553	146	wish	wish	VERB
cblr-2937	553	147	to	to	PART
cblr-2937	553	148	continue	continue	VERB
cblr-2937	553	149	to	to	PART
cblr-2937	553	150	rely	rely	VERB
cblr-2937	553	151	on	on	ADP
cblr-2937	553	152	[	[	X
cblr-2937	553	153	credit	credit	NOUN
cblr-2937	553	154	]	]	X
cblr-2937	553	155	ratings	rating	NOUN
cblr-2937	553	156	may	may	AUX
cblr-2937	553	157	do	do	AUX
cblr-2937	553	158	so,"'19	so,"'19	PROPN
cblr-2937	553	159	and	and	CCONJ
cblr-2937	553	160	that	that	SCONJ
cblr-2937	553	161	money	money	NOUN
cblr-2937	553	162	-	-	PUNCT
cblr-2937	553	163	market	market	NOUN
cblr-2937	553	164	managers	manager	NOUN
cblr-2937	553	165	would	would	AUX
cblr-2937	553	166	"	"	PUNCT
cblr-2937	553	167	still	still	ADV
cblr-2937	553	168	be	be	AUX
cblr-2937	553	169	able	able	ADJ
cblr-2937	553	170	to	to	PART
cblr-2937	553	171	use	use	VERB
cblr-2937	553	172	...	...	PUNCT
cblr-2937	553	173	nrsro	nrsro	ADJ
cblr-2937	553	174	ratings	rating	NOUN
cblr-2937	553	175	that	that	SCONJ
cblr-2937	553	176	they	they	PRON
cblr-2937	553	177	conclude	conclude	VERB
cblr-2937	553	178	are	be	AUX
cblr-2937	553	179	credible	credible	ADJ
cblr-2937	553	180	.	.	PUNCT
cblr-2937	554	1	"12	"12	NOUN
cblr-2937	554	2	°	°	ADP
cblr-2937	554	3	115	115	NUM
cblr-2937	555	1	i	i	PRON
cblr-2937	555	2	d.	d.	PROPN
cblr-2937	555	3	§	§	PROPN
cblr-2937	555	4	240.15c3	240.15c3	PROPN
cblr-2937	555	5	-	-	NOUN
cblr-2937	555	6	1(a)(1	1(a)(1	NUM
cblr-2937	555	7	)	)	PUNCT
cblr-2937	555	8	.	.	PUNCT
cblr-2937	556	1	116	116	NUM
cblr-2937	556	2	specifically	specifically	ADV
cblr-2937	556	3	,	,	PUNCT
cblr-2937	556	4	the	the	DET
cblr-2937	556	5	rule	rule	NOUN
cblr-2937	556	6	provides	provide	VERB
cblr-2937	556	7	that	that	SCONJ
cblr-2937	556	8	a	a	DET
cblr-2937	556	9	security	security	NOUN
cblr-2937	556	10	's	's	PART
cblr-2937	556	11	contribution	contribution	NOUN
cblr-2937	556	12	to	to	ADP
cblr-2937	556	13	the	the	DET
cblr-2937	556	14	broker	broker	NOUN
cblr-2937	556	15	-	-	PUNCT
cblr-2937	556	16	dealer	dealer	NOUN
cblr-2937	556	17	's	's	PART
cblr-2937	556	18	net	net	ADJ
cblr-2937	556	19	capital	capital	NOUN
cblr-2937	556	20	is	be	AUX
cblr-2937	556	21	its	its	PRON
cblr-2937	556	22	market	market	NOUN
cblr-2937	556	23	value	value	NOUN
cblr-2937	556	24	less	less	ADJ
cblr-2937	556	25	a	a	DET
cblr-2937	556	26	"	"	PUNCT
cblr-2937	556	27	haircut	haircut	NOUN
cblr-2937	556	28	.	.	PUNCT
cblr-2937	556	29	"	"	PUNCT
cblr-2937	557	1	the	the	DET
cblr-2937	557	2	haircuts	haircut	NOUN
cblr-2937	557	3	for	for	ADP
cblr-2937	557	4	commercial	commercial	ADJ
cblr-2937	557	5	paper	paper	NOUN
cblr-2937	557	6	,	,	PUNCT
cblr-2937	557	7	banker	banker	NOUN
cblr-2937	557	8	's	's	PART
cblr-2937	557	9	acceptances	acceptance	NOUN
cblr-2937	557	10	,	,	PUNCT
cblr-2937	557	11	certificates	certificate	NOUN
cblr-2937	557	12	of	of	ADP
cblr-2937	557	13	deposit	deposit	NOUN
cblr-2937	557	14	,	,	PUNCT
cblr-2937	557	15	nonconvertible	nonconvertible	ADJ
cblr-2937	557	16	debt	debt	NOUN
cblr-2937	557	17	securities	security	NOUN
cblr-2937	557	18	,	,	PUNCT
cblr-2937	557	19	and	and	CCONJ
cblr-2937	557	20	cumulative	cumulative	ADJ
cblr-2937	557	21	nonpreferred	nonpreferred	ADJ
cblr-2937	557	22	stock	stock	NOUN
cblr-2937	557	23	all	all	PRON
cblr-2937	557	24	are	be	AUX
cblr-2937	557	25	smaller	small	ADJ
cblr-2937	557	26	if	if	SCONJ
cblr-2937	557	27	they	they	PRON
cblr-2937	557	28	are	be	AUX
cblr-2937	557	29	rated	rate	VERB
cblr-2937	557	30	by	by	ADP
cblr-2937	557	31	an	an	DET
cblr-2937	557	32	nrsro	nrsro	NOUN
cblr-2937	557	33	in	in	ADP
cblr-2937	557	34	one	one	NUM
cblr-2937	557	35	of	of	ADP
cblr-2937	557	36	the	the	DET
cblr-2937	557	37	three	three	NUM
cblr-2937	557	38	or	or	CCONJ
cblr-2937	557	39	four	four	NUM
cblr-2937	557	40	top	top	ADJ
cblr-2937	557	41	rating	rating	NOUN
cblr-2937	557	42	categories	category	NOUN
cblr-2937	557	43	.	.	PUNCT
cblr-2937	558	1	17	17	NUM
cblr-2937	558	2	c.f.r	c.f.r	NOUN
cblr-2937	558	3	.	.	PUNCT
cblr-2937	559	1	§	§	PROPN
cblr-2937	560	1	240.15c3	240.15c3	PROPN
cblr-2937	560	2	-	-	NOUN
cblr-2937	560	3	1(c)(2	1(c)(2	NUM
cblr-2937	560	4	)	)	PUNCT
cblr-2937	560	5	.	.	PUNCT
cblr-2937	561	1	117	117	NUM
cblr-2937	561	2	17	17	NUM
cblr-2937	561	3	c.f.r	c.f.r	NOUN
cblr-2937	561	4	.	.	PUNCT
cblr-2937	562	1	§	§	PROPN
cblr-2937	562	2	270.2a-7(a)(10	270.2a-7(a)(10	NUM
cblr-2937	562	3	)	)	PUNCT
cblr-2937	562	4	,	,	PUNCT
cblr-2937	562	5	(	(	PUNCT
cblr-2937	562	6	a)(21	a)(21	NOUN
cblr-2937	562	7	)	)	PUNCT
cblr-2937	562	8	,	,	PUNCT
cblr-2937	562	9	(	(	PUNCT
cblr-2937	562	10	c)(3)(i	c)(3)(i	NOUN
cblr-2937	562	11	)	)	PUNCT
cblr-2937	562	12	.	.	PUNCT
cblr-2937	563	1	the	the	DET
cblr-2937	563	2	sec	sec	PROPN
cblr-2937	563	3	has	have	AUX
cblr-2937	563	4	proposed	propose	VERB
cblr-2937	563	5	rules	rule	NOUN
cblr-2937	563	6	that	that	PRON
cblr-2937	563	7	would	would	AUX
cblr-2937	563	8	remove	remove	VERB
cblr-2937	563	9	the	the	DET
cblr-2937	563	10	reference	reference	NOUN
cblr-2937	563	11	to	to	ADP
cblr-2937	563	12	credit	credit	NOUN
cblr-2937	563	13	ratings	rating	NOUN
cblr-2937	563	14	in	in	ADP
cblr-2937	563	15	the	the	DET
cblr-2937	563	16	rule	rule	NOUN
cblr-2937	563	17	and	and	CCONJ
cblr-2937	563	18	would	would	AUX
cblr-2937	563	19	allow	allow	VERB
cblr-2937	563	20	money	money	NOUN
cblr-2937	563	21	market	market	NOUN
cblr-2937	563	22	fund	fund	NOUN
cblr-2937	563	23	managers	manager	NOUN
cblr-2937	563	24	to	to	PART
cblr-2937	563	25	invest	invest	VERB
cblr-2937	563	26	in	in	ADP
cblr-2937	563	27	any	any	DET
cblr-2937	563	28	assets	asset	NOUN
cblr-2937	563	29	that	that	PRON
cblr-2937	563	30	the	the	DET
cblr-2937	563	31	managers	manager	NOUN
cblr-2937	563	32	determine	determine	VERB
cblr-2937	563	33	meet	meet	NOUN
cblr-2937	563	34	quality	quality	NOUN
cblr-2937	563	35	and	and	CCONJ
cblr-2937	563	36	liquidity	liquidity	NOUN
cblr-2937	563	37	requirements	requirement	NOUN
cblr-2937	563	38	.	.	PUNCT
cblr-2937	564	1	sec	sec	PROPN
cblr-2937	564	2	july	july	PROPN
cblr-2937	564	3	1	1	NUM
cblr-2937	564	4	proposal	proposal	NOUN
cblr-2937	564	5	,	,	PUNCT
cblr-2937	564	6	supra	supra	PROPN
cblr-2937	564	7	note	note	PROPN
cblr-2937	564	8	56	56	NUM
cblr-2937	564	9	,	,	PUNCT
cblr-2937	564	10	at	at	ADP
cblr-2937	564	11	40,125	40,125	NUM
cblr-2937	564	12	-	-	SYM
cblr-2937	564	13	27	27	NUM
cblr-2937	564	14	,	,	PUNCT
cblr-2937	564	15	40,139	40,139	NUM
cblr-2937	564	16	-	-	SYM
cblr-2937	564	17	40	40	NUM
cblr-2937	564	18	.	.	PUNCT
cblr-2937	565	1	118	118	NUM
cblr-2937	565	2	apparently	apparently	ADV
cblr-2937	565	3	,	,	PUNCT
cblr-2937	565	4	most	most	ADV
cblr-2937	565	5	structured	structured	ADJ
cblr-2937	565	6	products	product	NOUN
cblr-2937	565	7	are	be	AUX
cblr-2937	565	8	sold	sell	VERB
cblr-2937	565	9	to	to	ADP
cblr-2937	565	10	non	non	ADJ
cblr-2937	565	11	-	-	ADJ
cblr-2937	565	12	retail	retail	ADJ
cblr-2937	565	13	investors	investor	NOUN
cblr-2937	565	14	already	already	ADV
cblr-2937	565	15	,	,	PUNCT
cblr-2937	565	16	and	and	CCONJ
cblr-2937	565	17	products	product	NOUN
cblr-2937	565	18	sold	sell	VERB
cblr-2937	565	19	to	to	ADP
cblr-2937	565	20	such	such	ADJ
cblr-2937	565	21	investors	investor	NOUN
cblr-2937	565	22	are	be	AUX
cblr-2937	565	23	covered	cover	VERB
cblr-2937	565	24	by	by	ADP
cblr-2937	565	25	an	an	DET
cblr-2937	565	26	existing	exist	VERB
cblr-2937	565	27	exemption	exemption	NOUN
cblr-2937	565	28	.	.	PUNCT
cblr-2937	566	1	sec	sec	PROPN
cblr-2937	566	2	july	july	PROPN
cblr-2937	566	3	1	1	NUM
cblr-2937	566	4	proposal	proposal	NOUN
cblr-2937	566	5	,	,	PUNCT
cblr-2937	566	6	supra	supra	PROPN
cblr-2937	566	7	note	note	PROPN
cblr-2937	566	8	56	56	NUM
cblr-2937	566	9	,	,	PUNCT
cblr-2937	566	10	at	at	ADP
cblr-2937	566	11	40,127	40,127	NUM
cblr-2937	566	12	.	.	PUNCT
cblr-2937	567	1	1'9	1'9	NUM
cblr-2937	567	2	i	i	PRON
cblr-2937	567	3	d.	d.	NOUN
cblr-2937	567	4	at	at	ADP
cblr-2937	567	5	40,092	40,092	NUM
cblr-2937	567	6	.	.	PUNCT
cblr-2937	568	1	1	1	X
cblr-2937	568	2	'	'	PUNCT
cblr-2937	568	3	i	i	PRON
cblr-2937	568	4	d.	d.	PROPN
cblr-2937	568	5	at	at	ADP
cblr-2937	568	6	40,126	40,126	NUM
cblr-2937	568	7	.	.	PUNCT
cblr-2937	569	1	the	the	DET
cblr-2937	569	2	sec	sec	PROPN
cblr-2937	569	3	's	's	PART
cblr-2937	569	4	proposal	proposal	NOUN
cblr-2937	569	5	drew	draw	VERB
cblr-2937	569	6	criticism	criticism	NOUN
cblr-2937	569	7	from	from	ADP
cblr-2937	569	8	a	a	DET
cblr-2937	569	9	leading	lead	VERB
cblr-2937	569	10	money	money	NOUN
cblr-2937	569	11	market	market	NOUN
cblr-2937	569	12	fund	fund	NOUN
cblr-2937	569	13	manager	manager	NOUN
cblr-2937	569	14	,	,	PUNCT
cblr-2937	569	15	which	which	PRON
cblr-2937	569	16	stated	state	VERB
cblr-2937	569	17	that	that	SCONJ
cblr-2937	569	18	the	the	DET
cblr-2937	569	19	proposal	proposal	NOUN
cblr-2937	569	20	"	"	PUNCT
cblr-2937	569	21	is	be	AUX
cblr-2937	569	22	akin	akin	ADJ
cblr-2937	569	23	to	to	ADP
cblr-2937	569	24	outlawing	outlaw	VERB
cblr-2937	569	25	seat	seat	NOUN
cblr-2937	569	26	belts	belt	NOUN
cblr-2937	569	27	with	with	ADP
cblr-2937	569	28	the	the	DET
cblr-2937	569	29	hope	hope	NOUN
cblr-2937	569	30	that	that	SCONJ
cblr-2937	569	31	drivers	driver	NOUN
cblr-2937	569	32	will	will	AUX
cblr-2937	569	33	be	be	AUX
cblr-2937	569	34	less	less	ADV
cblr-2937	569	35	likely	likely	ADJ
cblr-2937	569	36	to	to	PART
cblr-2937	569	37	be	be	AUX
cblr-2937	569	38	injured	injure	VERB
cblr-2937	569	39	if	if	SCONJ
cblr-2937	569	40	a	a	DET
cblr-2937	569	41	defective	defective	ADJ
cblr-2937	569	42	belt	belt	NOUN
cblr-2937	569	43	fails	fail	VERB
cblr-2937	569	44	in	in	ADP
cblr-2937	569	45	a	a	DET
cblr-2937	569	46	crash	crash	NOUN
cblr-2937	569	47	.	.	PUNCT
cblr-2937	569	48	"	"	PUNCT
cblr-2937	570	1	comment	comment	NOUN
cblr-2937	570	2	letter	letter	NOUN
cblr-2937	570	3	of	of	ADP
cblr-2937	570	4	john	john	PROPN
cblr-2937	570	5	j.	j.	PROPN
cblr-2937	570	6	brennan	brennan	PROPN
cblr-2937	570	7	,	,	PUNCT
cblr-2937	570	8	chairman	chairman	NOUN
cblr-2937	570	9	&	&	CCONJ
cblr-2937	570	10	ceo	ceo	PROPN
cblr-2937	570	11	,	,	PUNCT
cblr-2937	570	12	the	the	DET
cblr-2937	570	13	vanguard	vanguard	PROPN
cblr-2937	570	14	group	group	PROPN
cblr-2937	570	15	,	,	PUNCT
cblr-2937	570	16	inc	inc	PROPN
cblr-2937	570	17	.	.	PROPN
cblr-2937	570	18	,	,	PUNCT
cblr-2937	570	19	to	to	PART
cblr-2937	570	20	florence	florence	PROPN
cblr-2937	570	21	e.	e.	PROPN
cblr-2937	570	22	harmon	harmon	PROPN
cblr-2937	570	23	,	,	PUNCT
cblr-2937	570	24	acting	acting	NOUN
cblr-2937	570	25	secretary	secretary	NOUN
cblr-2937	570	26	,	,	PUNCT
cblr-2937	570	27	u.s	u.s	PROPN
cblr-2937	570	28	.	.	PROPN
cblr-2937	570	29	sec	sec	PROPN
cblr-2937	570	30	.	.	PROPN
cblr-2937	570	31	&	&	CCONJ
cblr-2937	570	32	exch	exch	PROPN
cblr-2937	570	33	.	.	PUNCT
cblr-2937	571	1	comm'n	comm'n	VERB
cblr-2937	571	2	,	,	PUNCT
cblr-2937	571	3	on	on	ADP
cblr-2937	571	4	sec	sec	PROPN
cblr-2937	571	5	july	july	PROPN
cblr-2937	571	6	1	1	NUM
cblr-2937	571	7	proposal	proposal	NOUN
cblr-2937	571	8	2	2	NUM
cblr-2937	571	9	(	(	PUNCT
cblr-2937	571	10	aug	aug	PROPN
cblr-2937	571	11	.	.	PROPN
cblr-2937	571	12	1	1	NUM
cblr-2937	571	13	,	,	PUNCT
cblr-2937	571	14	2008	2008	NUM
cblr-2937	571	15	)	)	PUNCT
cblr-2937	571	16	.	.	PUNCT
cblr-2937	572	1	no	no	INTJ
cblr-2937	572	2	.	.	NOUN
cblr-2937	573	1	1	1	NUM
cblr-2937	573	2	:	:	SYM
cblr-2937	573	3	109	109	NUM
cblr-2937	573	4	]	]	PUNCT
cblr-2937	573	5	agency	agency	NOUN
cblr-2937	573	6	ratings	rating	NOUN
cblr-2937	573	7	have	have	AUX
cblr-2937	573	8	been	be	AUX
cblr-2937	573	9	incorporated	incorporate	VERB
cblr-2937	573	10	into	into	ADP
cblr-2937	573	11	the	the	DET
cblr-2937	573	12	u.s	u.s	PROPN
cblr-2937	573	13	.	.	PROPN
cblr-2937	573	14	bank	bank	PROPN
cblr-2937	573	15	regulatory	regulatory	ADJ
cblr-2937	573	16	system	system	NOUN
cblr-2937	573	17	since	since	SCONJ
cblr-2937	573	18	at	at	ADP
cblr-2937	573	19	least	least	ADV
cblr-2937	573	20	1931.121	1931.121	NUM
cblr-2937	573	21	the	the	DET
cblr-2937	573	22	system	system	NOUN
cblr-2937	573	23	apparently	apparently	ADV
cblr-2937	573	24	will	will	AUX
cblr-2937	573	25	continue	continue	VERB
cblr-2937	573	26	to	to	PART
cblr-2937	573	27	rely	rely	VERB
cblr-2937	573	28	on	on	ADP
cblr-2937	573	29	ratings	rating	NOUN
cblr-2937	573	30	as	as	SCONJ
cblr-2937	573	31	the	the	DET
cblr-2937	573	32	united	united	PROPN
cblr-2937	573	33	states	states	PROPN
cblr-2937	573	34	implements	implement	VERB
cblr-2937	573	35	the	the	DET
cblr-2937	573	36	basel	basel	PROPN
cblr-2937	573	37	ii	ii	PROPN
cblr-2937	573	38	banking	banking	NOUN
cblr-2937	573	39	accord	accord	NOUN
cblr-2937	573	40	,	,	PUNCT
cblr-2937	573	41	which	which	PRON
cblr-2937	573	42	keys	key	VERB
cblr-2937	573	43	capital	capital	NOUN
cblr-2937	573	44	requirements	requirement	NOUN
cblr-2937	573	45	to	to	ADP
cblr-2937	573	46	the	the	DET
cblr-2937	573	47	riskiness	riskiness	NOUN
cblr-2937	573	48	of	of	ADP
cblr-2937	573	49	bank	bank	NOUN
cblr-2937	573	50	assets	asset	NOUN
cblr-2937	573	51	.	.	PUNCT
cblr-2937	574	1	u.s	u.s	PROPN
cblr-2937	574	2	.	.	PROPN
cblr-2937	574	3	regulators	regulator	NOUN
cblr-2937	574	4	currently	currently	ADV
cblr-2937	574	5	intend	intend	VERB
cblr-2937	574	6	to	to	PART
cblr-2937	574	7	permit	permit	VERB
cblr-2937	574	8	banks	bank	NOUN
cblr-2937	574	9	to	to	PART
cblr-2937	574	10	choose	choose	VERB
cblr-2937	574	11	either	either	CCONJ
cblr-2937	574	12	to	to	PART
cblr-2937	574	13	create	create	VERB
cblr-2937	574	14	an	an	DET
cblr-2937	574	15	internal	internal	ADJ
cblr-2937	574	16	rating	rating	NOUN
cblr-2937	574	17	regime	regime	NOUN
cblr-2937	574	18	(	(	PUNCT
cblr-2937	574	19	subject	subject	ADJ
cblr-2937	574	20	to	to	ADP
cblr-2937	574	21	a	a	DET
cblr-2937	574	22	number	number	NOUN
cblr-2937	574	23	of	of	ADP
cblr-2937	574	24	constraints	constraint	NOUN
cblr-2937	574	25	)	)	PUNCT
cblr-2937	574	26	or	or	CCONJ
cblr-2937	574	27	to	to	PART
cblr-2937	574	28	rely	rely	VERB
cblr-2937	574	29	on	on	ADP
cblr-2937	574	30	agency	agency	NOUN
cblr-2937	574	31	ratings	rating	NOUN
cblr-2937	574	32	to	to	PART
cblr-2937	574	33	measure	measure	VERB
cblr-2937	574	34	asset	asset	NOUN
cblr-2937	574	35	risk	risk	NOUN
cblr-2937	574	36	.	.	PUNCT
cblr-2937	575	1	'22	'22	NUM
cblr-2937	575	2	the	the	DET
cblr-2937	575	3	erisa	erisa	NOUN
cblr-2937	575	4	framework	framework	NOUN
cblr-2937	575	5	also	also	ADV
cblr-2937	575	6	incorporates	incorporate	VERB
cblr-2937	575	7	ratings	rating	NOUN
cblr-2937	575	8	.	.	PUNCT
cblr-2937	576	1	erisa	erisa	NOUN
cblr-2937	576	2	fiduciaries	fiduciary	NOUN
cblr-2937	576	3	direct	direct	VERB
cblr-2937	576	4	the	the	DET
cblr-2937	576	5	investment	investment	NOUN
cblr-2937	576	6	of	of	ADP
cblr-2937	576	7	assets	asset	NOUN
cblr-2937	576	8	held	hold	VERB
cblr-2937	576	9	by	by	ADP
cblr-2937	576	10	pension	pension	NOUN
cblr-2937	576	11	and	and	CCONJ
cblr-2937	576	12	health	health	NOUN
cblr-2937	576	13	plans	plan	NOUN
cblr-2937	576	14	covered	cover	VERB
cblr-2937	576	15	by	by	ADP
cblr-2937	576	16	erisa123	erisa123	NOUN
cblr-2937	576	17	and	and	CCONJ
cblr-2937	576	18	are	be	AUX
cblr-2937	576	19	therefore	therefore	ADV
cblr-2937	576	20	a	a	DET
cblr-2937	576	21	121	121	NUM
cblr-2937	576	22	in	in	ADP
cblr-2937	576	23	1931	1931	NUM
cblr-2937	576	24	,	,	PUNCT
cblr-2937	576	25	the	the	DET
cblr-2937	576	26	office	office	NOUN
cblr-2937	576	27	of	of	ADP
cblr-2937	576	28	the	the	DET
cblr-2937	576	29	comptroller	comptroller	NOUN
cblr-2937	576	30	of	of	ADP
cblr-2937	576	31	the	the	DET
cblr-2937	576	32	currency	currency	NOUN
cblr-2937	576	33	determined	determine	VERB
cblr-2937	576	34	that	that	SCONJ
cblr-2937	576	35	national	national	ADJ
cblr-2937	576	36	banks	bank	NOUN
cblr-2937	576	37	were	be	AUX
cblr-2937	576	38	required	require	VERB
cblr-2937	576	39	to	to	PART
cblr-2937	576	40	carry	carry	VERB
cblr-2937	576	41	bonds	bond	NOUN
cblr-2937	576	42	that	that	PRON
cblr-2937	576	43	did	do	AUX
cblr-2937	576	44	not	not	PART
cblr-2937	576	45	receive	receive	VERB
cblr-2937	576	46	an	an	DET
cblr-2937	576	47	investment	investment	NOUN
cblr-2937	576	48	-	-	PUNCT
cblr-2937	576	49	grade	grade	NOUN
cblr-2937	576	50	rating	rating	NOUN
cblr-2937	576	51	at	at	ADP
cblr-2937	576	52	a	a	DET
cblr-2937	576	53	discount	discount	NOUN
cblr-2937	576	54	to	to	ADP
cblr-2937	576	55	cost	cost	NOUN
cblr-2937	576	56	,	,	PUNCT
cblr-2937	576	57	while	while	SCONJ
cblr-2937	576	58	bonds	bond	NOUN
cblr-2937	576	59	with	with	ADP
cblr-2937	576	60	investment	investment	NOUN
cblr-2937	576	61	-	-	PUNCT
cblr-2937	576	62	grade	grade	NOUN
cblr-2937	576	63	ratings	rating	NOUN
cblr-2937	576	64	could	could	AUX
cblr-2937	576	65	be	be	AUX
cblr-2937	576	66	carried	carry	VERB
cblr-2937	576	67	at	at	ADP
cblr-2937	576	68	cost	cost	NOUN
cblr-2937	576	69	.	.	PUNCT
cblr-2937	577	1	these	these	DET
cblr-2937	577	2	rules	rule	NOUN
cblr-2937	577	3	were	be	AUX
cblr-2937	577	4	further	far	ADV
cblr-2937	577	5	elaborated	elaborate	VERB
cblr-2937	577	6	through	through	ADP
cblr-2937	577	7	the	the	DET
cblr-2937	577	8	1930s	1930s	NUM
cblr-2937	577	9	.	.	PUNCT
cblr-2937	578	1	partnoy	partnoy	ADJ
cblr-2937	578	2	,	,	PUNCT
cblr-2937	578	3	supra	supra	ADJ
cblr-2937	578	4	note	note	NOUN
cblr-2937	578	5	109	109	NUM
cblr-2937	578	6	,	,	PUNCT
cblr-2937	578	7	at	at	ADP
cblr-2937	578	8	687	687	NUM
cblr-2937	578	9	-	-	SYM
cblr-2937	578	10	88	88	NUM
cblr-2937	578	11	.	.	PUNCT
cblr-2937	579	1	the	the	DET
cblr-2937	579	2	fdic	fdic	PROPN
cblr-2937	579	3	"	"	PUNCT
cblr-2937	579	4	prevents	prevent	VERB
cblr-2937	579	5	insured	insured	ADJ
cblr-2937	579	6	banks	bank	NOUN
cblr-2937	579	7	from	from	ADP
cblr-2937	579	8	investing	invest	VERB
cblr-2937	579	9	in	in	ADP
cblr-2937	579	10	speculative	speculative	ADJ
cblr-2937	579	11	-	-	PUNCT
cblr-2937	579	12	grade	grade	NOUN
cblr-2937	579	13	securities	security	NOUN
cblr-2937	579	14	or	or	CCONJ
cblr-2937	579	15	enforces	enforce	VERB
cblr-2937	579	16	risk	risk	NOUN
cblr-2937	579	17	-	-	PUNCT
cblr-2937	579	18	based	base	VERB
cblr-2937	579	19	capital	capital	NOUN
cblr-2937	579	20	requirements	requirement	NOUN
cblr-2937	579	21	that	that	PRON
cblr-2937	579	22	use	use	VERB
cblr-2937	579	23	credit	credit	NOUN
cblr-2937	579	24	ratings	rating	NOUN
cblr-2937	579	25	to	to	PART
cblr-2937	579	26	assess	assess	VERB
cblr-2937	579	27	risk	risk	NOUN
cblr-2937	579	28	-	-	PUNCT
cblr-2937	579	29	weights	weight	NOUN
cblr-2937	579	30	.	.	PUNCT
cblr-2937	579	31	"	"	PUNCT
cblr-2937	580	1	ashcraft	ashcraft	PROPN
cblr-2937	580	2	&	&	CCONJ
cblr-2937	580	3	scheuermann	scheuermann	PROPN
cblr-2937	580	4	,	,	PUNCT
cblr-2937	580	5	supra	supra	PROPN
cblr-2937	580	6	note	note	PROPN
cblr-2937	580	7	24	24	NUM
cblr-2937	580	8	,	,	PUNCT
cblr-2937	580	9	at	at	ADP
cblr-2937	580	10	10	10	NUM
cblr-2937	580	11	.	.	PUNCT
cblr-2937	581	1	federal	federal	ADJ
cblr-2937	581	2	savings	saving	NOUN
cblr-2937	581	3	associations	association	NOUN
cblr-2937	581	4	supervised	supervise	VERB
cblr-2937	581	5	by	by	ADP
cblr-2937	581	6	the	the	DET
cblr-2937	581	7	office	office	NOUN
cblr-2937	581	8	of	of	ADP
cblr-2937	581	9	thrift	thrift	NOUN
cblr-2937	581	10	supervision	supervision	NOUN
cblr-2937	581	11	can	can	AUX
cblr-2937	581	12	hold	hold	VERB
cblr-2937	581	13	commercial	commercial	ADJ
cblr-2937	581	14	paper	paper	NOUN
cblr-2937	581	15	only	only	ADV
cblr-2937	581	16	if	if	SCONJ
cblr-2937	581	17	the	the	DET
cblr-2937	581	18	instrument	instrument	NOUN
cblr-2937	581	19	has	have	VERB
cblr-2937	581	20	one	one	NUM
cblr-2937	581	21	of	of	ADP
cblr-2937	581	22	the	the	DET
cblr-2937	581	23	top	top	ADJ
cblr-2937	581	24	two	two	NUM
cblr-2937	581	25	nrsro	nrsro	ADJ
cblr-2937	581	26	ratings	rating	NOUN
cblr-2937	581	27	and	and	CCONJ
cblr-2937	581	28	can	can	AUX
cblr-2937	581	29	hold	hold	VERB
cblr-2937	581	30	corporate	corporate	ADJ
cblr-2937	581	31	debt	debt	NOUN
cblr-2937	581	32	securities	security	NOUN
cblr-2937	581	33	only	only	ADV
cblr-2937	581	34	if	if	SCONJ
cblr-2937	581	35	the	the	DET
cblr-2937	581	36	security	security	NOUN
cblr-2937	581	37	has	have	VERB
cblr-2937	581	38	one	one	NUM
cblr-2937	581	39	of	of	ADP
cblr-2937	581	40	the	the	DET
cblr-2937	581	41	top	top	ADJ
cblr-2937	581	42	four	four	NUM
cblr-2937	581	43	ratings	rating	NOUN
cblr-2937	581	44	.	.	PUNCT
cblr-2937	582	1	see	see	VERB
cblr-2937	582	2	12	12	NUM
cblr-2937	582	3	c.f.r	c.f.r	NOUN
cblr-2937	582	4	.	.	PUNCT
cblr-2937	583	1	§	§	PROPN
cblr-2937	583	2	560.40	560.40	NUM
cblr-2937	583	3	(	(	PUNCT
cblr-2937	583	4	2008	2008	NUM
cblr-2937	583	5	)	)	PUNCT
cblr-2937	583	6	.	.	PUNCT
cblr-2937	584	1	a	a	DET
cblr-2937	584	2	federal	federal	ADJ
cblr-2937	584	3	home	home	PROPN
cblr-2937	584	4	loan	loan	NOUN
cblr-2937	584	5	bank	bank	NOUN
cblr-2937	584	6	that	that	PRON
cblr-2937	584	7	acquires	acquire	VERB
cblr-2937	584	8	loan	loan	NOUN
cblr-2937	584	9	pools	pool	NOUN
cblr-2937	584	10	from	from	ADP
cblr-2937	584	11	members	member	NOUN
cblr-2937	584	12	or	or	CCONJ
cblr-2937	584	13	housing	housing	NOUN
cblr-2937	584	14	associates	associate	NOUN
cblr-2937	584	15	must	must	AUX
cblr-2937	584	16	implement	implement	VERB
cblr-2937	584	17	a	a	DET
cblr-2937	584	18	risk	risk	NOUN
cblr-2937	584	19	-	-	PUNCT
cblr-2937	584	20	sharing	share	VERB
cblr-2937	584	21	structure	structure	NOUN
cblr-2937	584	22	that	that	PRON
cblr-2937	584	23	ensures	ensure	VERB
cblr-2937	584	24	that	that	SCONJ
cblr-2937	584	25	the	the	DET
cblr-2937	584	26	acquired	acquire	VERB
cblr-2937	584	27	assets	asset	NOUN
cblr-2937	584	28	expose	expose	VERB
cblr-2937	584	29	the	the	DET
cblr-2937	584	30	bank	bank	NOUN
cblr-2937	584	31	to	to	AUX
cblr-2937	584	32	credit	credit	NOUN
cblr-2937	584	33	risk	risk	NOUN
cblr-2937	584	34	"	"	PUNCT
cblr-2937	584	35	equivalent	equivalent	ADJ
cblr-2937	584	36	to	to	ADP
cblr-2937	584	37	"	"	PUNCT
cblr-2937	584	38	a	a	DET
cblr-2937	584	39	rating	rating	NOUN
cblr-2937	584	40	in	in	ADP
cblr-2937	584	41	the	the	DET
cblr-2937	584	42	top	top	ADJ
cblr-2937	584	43	four	four	NUM
cblr-2937	584	44	nrsro	nrsro	ADJ
cblr-2937	584	45	grades	grade	NOUN
cblr-2937	584	46	,	,	PUNCT
cblr-2937	584	47	and	and	CCONJ
cblr-2937	584	48	an	an	DET
cblr-2937	584	49	nrsro	nrsro	NOUN
cblr-2937	584	50	must	must	AUX
cblr-2937	584	51	confirm	confirm	VERB
cblr-2937	584	52	in	in	ADP
cblr-2937	584	53	writing	writing	NOUN
cblr-2937	584	54	that	that	SCONJ
cblr-2937	584	55	the	the	DET
cblr-2937	584	56	bank	bank	NOUN
cblr-2937	584	57	's	's	PART
cblr-2937	584	58	analysis	analysis	NOUN
cblr-2937	584	59	is	be	AUX
cblr-2937	584	60	"	"	PUNCT
cblr-2937	584	61	comparable	comparable	ADJ
cblr-2937	584	62	to	to	ADP
cblr-2937	584	63	a	a	DET
cblr-2937	584	64	methodology	methodology	NOUN
cblr-2937	584	65	that	that	PRON
cblr-2937	584	66	the	the	DET
cblr-2937	584	67	nrsro	nrsro	NOUN
cblr-2937	584	68	would	would	AUX
cblr-2937	584	69	use	use	VERB
cblr-2937	584	70	"	"	PUNCT
cblr-2937	584	71	in	in	ADP
cblr-2937	584	72	rating	rate	VERB
cblr-2937	584	73	the	the	DET
cblr-2937	584	74	assets	asset	NOUN
cblr-2937	584	75	in	in	ADP
cblr-2937	584	76	a	a	DET
cblr-2937	584	77	securitization	securitization	NOUN
cblr-2937	584	78	transaction	transaction	NOUN
cblr-2937	584	79	.	.	PUNCT
cblr-2937	585	1	see	see	VERB
cblr-2937	585	2	12	12	NUM
cblr-2937	585	3	c.f.r	c.f.r	NOUN
cblr-2937	585	4	.	.	PUNCT
cblr-2937	586	1	§	§	PROPN
cblr-2937	586	2	955.3(a	955.3(a	PROPN
cblr-2937	586	3	)	)	PUNCT
cblr-2937	586	4	,	,	PUNCT
cblr-2937	586	5	(	(	PUNCT
cblr-2937	586	6	b	b	NOUN
cblr-2937	586	7	)	)	PUNCT
cblr-2937	586	8	.	.	PUNCT
cblr-2937	587	1	122	122	NUM
cblr-2937	587	2	see	see	VERB
cblr-2937	587	3	robert	robert	PROPN
cblr-2937	587	4	f.	f.	PROPN
cblr-2937	587	5	hugi	hugi	PROPN
cblr-2937	587	6	,	,	PUNCT
cblr-2937	587	7	jason	jason	PROPN
cblr-2937	587	8	h.p	h.p	PROPN
cblr-2937	587	9	.	.	PROPN
cblr-2937	587	10	kravitt	kravitt	PROPN
cblr-2937	587	11	&	&	CCONJ
cblr-2937	587	12	carol	carol	PROPN
cblr-2937	587	13	a.	a.	PROPN
cblr-2937	587	14	hitselberger	hitselberger	PROPN
cblr-2937	587	15	,	,	PUNCT
cblr-2937	587	16	u.s	u.s	PROPN
cblr-2937	587	17	.	.	PROPN
cblr-2937	587	18	adoption	adoption	NOUN
cblr-2937	587	19	of	of	ADP
cblr-2937	587	20	basel	basel	PROPN
cblr-2937	587	21	ii	ii	PROPN
cblr-2937	587	22	and	and	CCONJ
cblr-2937	587	23	the	the	DET
cblr-2937	587	24	basel	basel	PROPN
cblr-2937	587	25	ii	ii	PROPN
cblr-2937	587	26	securitization	securitization	NOUN
cblr-2937	587	27	framework	framework	NOUN
cblr-2937	587	28	,	,	PUNCT
cblr-2937	587	29	n.c	n.c	PROPN
cblr-2937	587	30	.	.	PROPN
cblr-2937	587	31	banking	banking	NOUN
cblr-2937	587	32	inst	inst	PROPN
cblr-2937	587	33	.	.	PROPN
cblr-2937	587	34	,	,	PUNCT
cblr-2937	587	35	mar	mar	PROPN
cblr-2937	587	36	.	.	PROPN
cblr-2937	587	37	2008	2008	NUM
cblr-2937	587	38	,	,	PUNCT
cblr-2937	587	39	at	at	ADP
cblr-2937	587	40	50	50	NUM
cblr-2937	587	41	-	-	SYM
cblr-2937	587	42	51	51	NUM
cblr-2937	587	43	;	;	PUNCT
cblr-2937	587	44	see	see	VERB
cblr-2937	587	45	also	also	ADV
cblr-2937	587	46	iosco	iosco	PROPN
cblr-2937	587	47	cra	cra	PROPN
cblr-2937	587	48	report	report	PROPN
cblr-2937	587	49	,	,	PUNCT
cblr-2937	587	50	supra	supra	PROPN
cblr-2937	587	51	note	note	PROPN
cblr-2937	587	52	36	36	NUM
cblr-2937	587	53	,	,	PUNCT
cblr-2937	587	54	at	at	ADP
cblr-2937	587	55	9	9	NUM
cblr-2937	587	56	;	;	PUNCT
cblr-2937	587	57	coffee	coffee	NOUN
cblr-2937	587	58	,	,	PUNCT
cblr-2937	587	59	supra	supra	PROPN
cblr-2937	587	60	note	note	PROPN
cblr-2937	587	61	80	80	NUM
cblr-2937	587	62	,	,	PUNCT
cblr-2937	587	63	at	at	ADP
cblr-2937	587	64	291	291	NUM
cblr-2937	587	65	.	.	PUNCT
cblr-2937	588	1	12	12	NUM
cblr-2937	588	2	'	'	PART
cblr-2937	588	3	employee	employee	NOUN
cblr-2937	588	4	retirement	retirement	NOUN
cblr-2937	588	5	income	income	PROPN
cblr-2937	588	6	security	security	PROPN
cblr-2937	588	7	act	act	PROPN
cblr-2937	588	8	(	(	PUNCT
cblr-2937	588	9	erisa	erisa	NOUN
cblr-2937	588	10	)	)	PUNCT
cblr-2937	588	11	§	§	PROPN
cblr-2937	588	12	3(21)(a	3(21)(a	NUM
cblr-2937	588	13	)	)	PUNCT
cblr-2937	588	14	,	,	PUNCT
cblr-2937	588	15	29	29	NUM
cblr-2937	588	16	u.s.c	u.s.c	ADJ
cblr-2937	588	17	.	.	PUNCT
cblr-2937	589	1	§	§	PROPN
cblr-2937	589	2	1002(21)(a	1002(21)(a	NUM
cblr-2937	589	3	)	)	PUNCT
cblr-2937	589	4	(	(	PUNCT
cblr-2937	589	5	2008	2008	NUM
cblr-2937	589	6	)	)	PUNCT
cblr-2937	589	7	(	(	PUNCT
cblr-2937	589	8	a	a	DET
cblr-2937	589	9	person	person	NOUN
cblr-2937	589	10	is	be	AUX
cblr-2937	589	11	a	a	DET
cblr-2937	589	12	plan	plan	NOUN
cblr-2937	589	13	fiduciary	fiduciary	ADJ
cblr-2937	589	14	"	"	PUNCT
cblr-2937	589	15	to	to	ADP
cblr-2937	589	16	the	the	DET
cblr-2937	589	17	extent	extent	NOUN
cblr-2937	589	18	"	"	PUNCT
cblr-2937	589	19	he	he	PRON
cblr-2937	589	20	(	(	PUNCT
cblr-2937	589	21	i	i	NOUN
cblr-2937	589	22	)	)	PUNCT
cblr-2937	589	23	exercises	exercise	VERB
cblr-2937	589	24	discretionary	discretionary	ADJ
cblr-2937	589	25	authority	authority	NOUN
cblr-2937	589	26	or	or	CCONJ
cblr-2937	589	27	control	control	NOUN
cblr-2937	589	28	over	over	ADP
cblr-2937	589	29	plan	plan	NOUN
cblr-2937	589	30	management	management	NOUN
cblr-2937	589	31	or	or	CCONJ
cblr-2937	589	32	any	any	DET
cblr-2937	589	33	authority	authority	NOUN
cblr-2937	589	34	or	or	CCONJ
cblr-2937	589	35	control	control	NOUN
cblr-2937	589	36	over	over	ADP
cblr-2937	589	37	management	management	NOUN
cblr-2937	589	38	or	or	CCONJ
cblr-2937	589	39	disposition	disposition	NOUN
cblr-2937	589	40	of	of	ADP
cblr-2937	589	41	plan	plan	NOUN
cblr-2937	589	42	assets	asset	NOUN
cblr-2937	589	43	,	,	PUNCT
cblr-2937	589	44	(	(	PUNCT
cblr-2937	589	45	ii	ii	NOUN
cblr-2937	589	46	)	)	PUNCT
cblr-2937	589	47	renders	render	VERB
cblr-2937	589	48	investment	investment	NOUN
cblr-2937	589	49	advice	advice	NOUN
cblr-2937	589	50	regarding	regard	VERB
cblr-2937	589	51	plan	plan	NOUN
cblr-2937	589	52	assets	asset	NOUN
cblr-2937	589	53	for	for	ADP
cblr-2937	589	54	a	a	DET
cblr-2937	589	55	fee	fee	NOUN
cblr-2937	589	56	or	or	CCONJ
cblr-2937	589	57	other	other	ADJ
cblr-2937	589	58	compensation	compensation	NOUN
cblr-2937	589	59	or	or	CCONJ
cblr-2937	589	60	has	have	VERB
cblr-2937	589	61	authority	authority	NOUN
cblr-2937	589	62	or	or	CCONJ
cblr-2937	589	63	responsibility	responsibility	NOUN
cblr-2937	589	64	to	to	PART
cblr-2937	589	65	do	do	AUX
cblr-2937	589	66	so	so	ADV
cblr-2937	589	67	,	,	PUNCT
cblr-2937	589	68	or	or	CCONJ
cblr-2937	589	69	(	(	PUNCT
cblr-2937	589	70	iii	iii	X
cblr-2937	589	71	)	)	PUNCT
cblr-2937	589	72	has	have	VERB
cblr-2937	589	73	any	any	DET
cblr-2937	589	74	discretionary	discretionary	ADJ
cblr-2937	589	75	authority	authority	NOUN
cblr-2937	589	76	or	or	CCONJ
cblr-2937	589	77	responsibility	responsibility	NOUN
cblr-2937	589	78	in	in	ADP
cblr-2937	589	79	plan	plan	PROPN
cblr-2937	589	80	administration	administration	PROPN
cblr-2937	589	81	)	)	PUNCT
cblr-2937	589	82	.	.	PUNCT
cblr-2937	590	1	col	col	PROPN
cblr-2937	590	2	umia	umia	PROPN
cblr-2937	590	3	b	b	PROPN
cblr-2937	590	4	usiness	usiness	PROPN
cblr-2937	590	5	la	la	PROPN
cblr-2937	590	6	w	w	PROPN
cblr-2937	590	7	re	re	PROPN
cblr-2937	590	8	vie	vie	PROPN
cblr-2937	590	9	w	w	PROPN
cblr-2937	591	1	[	[	X
cblr-2937	591	2	vol	vol	NOUN
cblr-2937	591	3	.	.	NOUN
cblr-2937	591	4	2009	2009	NUM
cblr-2937	591	5	credit	credit	NOUN
cblr-2937	591	6	ra	ra	PROPN
cblr-2937	591	7	ting	ting	PROPN
cblr-2937	591	8	agencies	agencies	PROPN
cblr-2937	591	9	critical	critical	ADJ
cblr-2937	591	10	group	group	NOUN
cblr-2937	591	11	of	of	ADP
cblr-2937	591	12	investors.124	investors.124	NOUN
cblr-2937	591	13	they	they	PRON
cblr-2937	591	14	apparently	apparently	ADV
cblr-2937	591	15	are	be	AUX
cblr-2937	591	16	limited	limit	VERB
cblr-2937	591	17	to	to	ADP
cblr-2937	591	18	securities	security	NOUN
cblr-2937	591	19	that	that	PRON
cblr-2937	591	20	receive	receive	VERB
cblr-2937	591	21	"	"	PUNCT
cblr-2937	591	22	investment	investment	NOUN
cblr-2937	591	23	-	-	PUNCT
cblr-2937	591	24	grade	grade	NOUN
cblr-2937	591	25	"	"	PUNCT
cblr-2937	591	26	ratings	rating	NOUN
cblr-2937	591	27	from	from	ADP
cblr-2937	591	28	the	the	DET
cblr-2937	591	29	nrsros	nrsros	PROPN
cblr-2937	591	30	.	.	PUNCT
cblr-2937	592	1	125	125	NUM
cblr-2937	592	2	moreover	moreover	ADV
cblr-2937	592	3	,	,	PUNCT
cblr-2937	592	4	some	some	DET
cblr-2937	592	5	commenters	commenter	NOUN
cblr-2937	592	6	have	have	AUX
cblr-2937	592	7	stated	state	VERB
cblr-2937	592	8	that	that	SCONJ
cblr-2937	592	9	investment	investment	NOUN
cblr-2937	592	10	banks	bank	NOUN
cblr-2937	592	11	that	that	PRON
cblr-2937	592	12	are	be	AUX
cblr-2937	592	13	deemed	deem	VERB
cblr-2937	592	14	to	to	PART
cblr-2937	592	15	be	be	AUX
cblr-2937	592	16	erisa	erisa	NOUN
cblr-2937	592	17	fiduciaries	fiduciary	NOUN
cblr-2937	592	18	can	can	AUX
cblr-2937	592	19	not	not	PART
cblr-2937	592	20	act	act	VERB
cblr-2937	592	21	as	as	ADP
cblr-2937	592	22	sponsors	sponsor	NOUN
cblr-2937	592	23	of	of	ADP
cblr-2937	592	24	structured	structured	ADJ
cblr-2937	592	25	-	-	PUNCT
cblr-2937	592	26	finance	finance	NOUN
cblr-2937	592	27	vehicles	vehicle	NOUN
cblr-2937	592	28	that	that	PRON
cblr-2937	592	29	issue	issue	VERB
cblr-2937	592	30	"	"	PUNCT
cblr-2937	592	31	equity	equity	NOUN
cblr-2937	592	32	,	,	PUNCT
cblr-2937	592	33	"	"	PUNCT
cblr-2937	592	34	and	and	CCONJ
cblr-2937	592	35	that	that	SCONJ
cblr-2937	592	36	getting	get	VERB
cblr-2937	592	37	an	an	DET
cblr-2937	592	38	investment	investment	NOUN
cblr-2937	592	39	-	-	PUNCT
cblr-2937	592	40	grade	grade	NOUN
cblr-2937	592	41	rating	rating	NOUN
cblr-2937	592	42	is	be	AUX
cblr-2937	592	43	a	a	DET
cblr-2937	592	44	way	way	NOUN
cblr-2937	592	45	of	of	ADP
cblr-2937	592	46	avoiding	avoid	VERB
cblr-2937	592	47	the	the	DET
cblr-2937	592	48	equity	equity	NOUN
cblr-2937	592	49	label	label	NOUN
cblr-2937	592	50	.	.	PUNCT
cblr-2937	593	1	26	26	NUM
cblr-2937	593	2	ii	ii	NOUN
cblr-2937	593	3	.	.	PUNCT
cblr-2937	594	1	state	state	NOUN
cblr-2937	594	2	rules	rule	NOUN
cblr-2937	594	3	and	and	CCONJ
cblr-2937	594	4	judicial	judicial	ADJ
cblr-2937	594	5	decisions	decision	NOUN
cblr-2937	594	6	many	many	ADJ
cblr-2937	594	7	state	state	NOUN
cblr-2937	594	8	rules	rule	NOUN
cblr-2937	594	9	governing	govern	VERB
cblr-2937	594	10	investment	investment	NOUN
cblr-2937	594	11	by	by	ADP
cblr-2937	594	12	public	public	ADJ
cblr-2937	594	13	pension	pension	NOUN
cblr-2937	594	14	funds	fund	NOUN
cblr-2937	594	15	reportedly	reportedly	ADV
cblr-2937	594	16	require	require	VERB
cblr-2937	594	17	investments	investment	NOUN
cblr-2937	594	18	in	in	ADP
cblr-2937	594	19	instruments	instrument	NOUN
cblr-2937	594	20	that	that	PRON
cblr-2937	594	21	carry	carry	VERB
cblr-2937	594	22	high	high	ADJ
cblr-2937	594	23	agency	agency	NOUN
cblr-2937	594	24	ratings,127	ratings,127	NOUN
cblr-2937	594	25	as	as	SCONJ
cblr-2937	594	26	do	do	VERB
cblr-2937	594	27	rules	rule	NOUN
cblr-2937	594	28	of	of	ADP
cblr-2937	594	29	the	the	DET
cblr-2937	594	30	securities	security	NOUN
cblr-2937	594	31	valuation	valuation	PROPN
cblr-2937	594	32	office	office	NOUN
cblr-2937	594	33	of	of	ADP
cblr-2937	594	34	the	the	DET
cblr-2937	594	35	national	national	PROPN
cblr-2937	594	36	association	association	PROPN
cblr-2937	594	37	of	of	ADP
cblr-2937	594	38	insurance	insurance	NOUN
cblr-2937	594	39	commissioners	commissioner	NOUN
cblr-2937	594	40	,	,	PUNCT
cblr-2937	594	41	which	which	PRON
cblr-2937	594	42	monitors	monitor	VERB
cblr-2937	594	43	the	the	DET
cblr-2937	594	44	financial	financial	ADJ
cblr-2937	594	45	condition	condition	NOUN
cblr-2937	594	46	of	of	ADP
cblr-2937	594	47	insurers	insurer	NOUN
cblr-2937	594	48	.	.	PUNCT
cblr-2937	595	1	2	2	NUM
cblr-2937	595	2	8	8	NUM
cblr-2937	595	3	requirements	requirement	NOUN
cblr-2937	595	4	keyed	key	VERB
cblr-2937	595	5	to	to	ADP
cblr-2937	595	6	credit	credit	NOUN
cblr-2937	595	7	ratings	rating	NOUN
cblr-2937	595	8	also	also	ADV
cblr-2937	595	9	appear	appear	VERB
cblr-2937	595	10	in	in	ADP
cblr-2937	595	11	state	state	NOUN
cblr-2937	595	12	laws	law	NOUN
cblr-2937	595	13	governing	govern	VERB
cblr-2937	595	14	investment	investment	NOUN
cblr-2937	595	15	of	of	ADP
cblr-2937	595	16	non	non	ADJ
cblr-2937	595	17	-	-	ADJ
cblr-2937	595	18	pension	pension	ADJ
cblr-2937	595	19	public	public	NOUN
cblr-2937	595	20	funds,'29	funds,'29	PROPN
cblr-2937	595	21	as	as	ADV
cblr-2937	595	22	well	well	ADV
cblr-2937	595	23	as	as	ADP
cblr-2937	595	24	state	state	NOUN
cblr-2937	595	25	banking	banking	NOUN
cblr-2937	595	26	regulations	regulation	NOUN
cblr-2937	595	27	.	.	PUNCT
cblr-2937	596	1	3	3	NUM
cblr-2937	596	2	'	'	PUNCT
cblr-2937	596	3	courts	court	NOUN
cblr-2937	596	4	have	have	AUX
cblr-2937	596	5	held	hold	VERB
cblr-2937	596	6	that	that	SCONJ
cblr-2937	596	7	a	a	DET
cblr-2937	596	8	fiduciary	fiduciary	NOUN
cblr-2937	596	9	's	's	PART
cblr-2937	596	10	reliance	reliance	NOUN
cblr-2937	596	11	on	on	ADP
cblr-2937	596	12	ratings	rating	NOUN
cblr-2937	596	13	can	can	AUX
cblr-2937	596	14	help	help	VERB
cblr-2937	596	15	establish	establish	VERB
cblr-2937	596	16	that	that	SCONJ
cblr-2937	596	17	the	the	DET
cblr-2937	596	18	fiduciary	fiduciary	NOUN
cblr-2937	596	19	acted	act	VERB
cblr-2937	596	20	prudently	prudently	ADV
cblr-2937	596	21	:	:	PUNCT
cblr-2937	596	22	"	"	PUNCT
cblr-2937	596	23	[	[	PUNCT
cblr-2937	596	24	elven	elven	ADJ
cblr-2937	596	25	investment	investment	NOUN
cblr-2937	596	26	companies	company	NOUN
cblr-2937	596	27	are	be	AUX
cblr-2937	596	28	excluded	exclude	VERB
cblr-2937	596	29	from	from	ADP
cblr-2937	596	30	this	this	DET
cblr-2937	596	31	definition	definition	NOUN
cblr-2937	596	32	.	.	PUNCT
cblr-2937	597	1	erisa	erisa	PROPN
cblr-2937	597	2	,	,	PUNCT
cblr-2937	597	3	§	§	PROPN
cblr-2937	597	4	3(21)(b	3(21)(b	NUM
cblr-2937	597	5	)	)	PUNCT
cblr-2937	597	6	,	,	PUNCT
cblr-2937	597	7	29	29	NUM
cblr-2937	597	8	u.s.c	u.s.c	ADJ
cblr-2937	597	9	.	.	PUNCT
cblr-2937	598	1	§	§	PROPN
cblr-2937	598	2	1002(21)(b	1002(21)(b	NUM
cblr-2937	598	3	)	)	PUNCT
cblr-2937	598	4	(	(	PUNCT
cblr-2937	598	5	2008	2008	NUM
cblr-2937	598	6	)	)	PUNCT
cblr-2937	598	7	.	.	PUNCT
cblr-2937	599	1	124	124	NUM
cblr-2937	599	2	according	accord	VERB
cblr-2937	599	3	to	to	ADP
cblr-2937	599	4	the	the	DET
cblr-2937	599	5	department	department	NOUN
cblr-2937	599	6	of	of	ADP
cblr-2937	599	7	labor	labor	NOUN
cblr-2937	599	8	,	,	PUNCT
cblr-2937	599	9	erisa	erisa	NOUN
cblr-2937	599	10	covers	cover	VERB
cblr-2937	599	11	"	"	PUNCT
cblr-2937	599	12	most	most	ADV
cblr-2937	599	13	voluntarily	voluntarily	ADV
cblr-2937	599	14	established	establish	VERB
cblr-2937	599	15	pension	pension	NOUN
cblr-2937	599	16	and	and	CCONJ
cblr-2937	599	17	health	health	NOUN
cblr-2937	599	18	plans	plan	NOUN
cblr-2937	599	19	in	in	ADP
cblr-2937	599	20	private	private	ADJ
cblr-2937	599	21	industry	industry	NOUN
cblr-2937	599	22	.	.	PUNCT
cblr-2937	599	23	"	"	PUNCT
cblr-2937	600	1	u.s	u.s	PROPN
cblr-2937	600	2	.	.	PROPN
cblr-2937	600	3	department	department	PROPN
cblr-2937	600	4	of	of	ADP
cblr-2937	600	5	labor	labor	NOUN
cblr-2937	600	6	,	,	PUNCT
cblr-2937	600	7	employee	employee	NOUN
cblr-2937	600	8	retirement	retirement	NOUN
cblr-2937	600	9	income	income	PROPN
cblr-2937	600	10	security	security	NOUN
cblr-2937	600	11	acterisa	acterisa	VERB
cblr-2937	600	12	,	,	PUNCT
cblr-2937	600	13	http://www.dol.gov/dol/topic/health-plans/erisa.htm	http://www.dol.gov/dol/topic/health-plans/erisa.htm	PROPN
cblr-2937	600	14	(	(	PUNCT
cblr-2937	600	15	last	last	ADJ
cblr-2937	600	16	visited	visit	VERB
cblr-2937	600	17	mar	mar	PROPN
cblr-2937	600	18	.	.	PROPN
cblr-2937	600	19	9	9	NUM
cblr-2937	600	20	,	,	PUNCT
cblr-2937	600	21	2009	2009	NUM
cblr-2937	600	22	)	)	PUNCT
cblr-2937	600	23	.	.	PUNCT
cblr-2937	601	1	125	125	NUM
cblr-2937	601	2	mason	mason	PROPN
cblr-2937	601	3	&	&	CCONJ
cblr-2937	601	4	rosner	rosner	PROPN
cblr-2937	601	5	,	,	PUNCT
cblr-2937	601	6	supra	supra	PROPN
cblr-2937	601	7	note	note	PROPN
cblr-2937	601	8	25	25	NUM
cblr-2937	601	9	,	,	PUNCT
cblr-2937	601	10	at	at	ADP
cblr-2937	601	11	10	10	NUM
cblr-2937	601	12	(	(	PUNCT
cblr-2937	601	13	"	"	PUNCT
cblr-2937	601	14	the	the	DET
cblr-2937	601	15	largest	large	ADJ
cblr-2937	601	16	market	market	NOUN
cblr-2937	601	17	for	for	ADP
cblr-2937	601	18	securitized	securitized	ADJ
cblr-2937	601	19	assets	asset	NOUN
cblr-2937	601	20	.	.	PUNCT
cblr-2937	601	21	.	.	PUNCT
cblr-2937	601	22	.	.	PUNCT
cblr-2937	602	1	is	be	AUX
cblr-2937	602	2	constrained	constrain	VERB
cblr-2937	602	3	to	to	PART
cblr-2937	602	4	invest	invest	VERB
cblr-2937	602	5	in	in	ADP
cblr-2937	602	6	only	only	ADV
cblr-2937	602	7	erisa	erisa	NOUN
cblr-2937	602	8	-	-	ADJ
cblr-2937	602	9	eligible	eligible	ADJ
cblr-2937	602	10	securities	security	NOUN
cblr-2937	602	11	,	,	PUNCT
cblr-2937	602	12	i.e.	i.e.	X
cblr-2937	602	13	,	,	PUNCT
cblr-2937	602	14	securities	security	NOUN
cblr-2937	602	15	rated	rate	VERB
cblr-2937	602	16	investment	investment	NOUN
cblr-2937	602	17	grade	grade	NOUN
cblr-2937	602	18	by	by	ADP
cblr-2937	602	19	the	the	DET
cblr-2937	602	20	nrsros	nrsros	PROPN
cblr-2937	602	21	.	.	PUNCT
cblr-2937	602	22	"	"	PUNCT
cblr-2937	602	23	)	)	PUNCT
cblr-2937	602	24	.	.	PUNCT
cblr-2937	603	1	121	121	NUM
cblr-2937	603	2	see	see	VERB
cblr-2937	603	3	bethel	bethel	PROPN
cblr-2937	603	4	et	et	PROPN
cblr-2937	603	5	al	al	PROPN
cblr-2937	603	6	.	.	PROPN
cblr-2937	603	7	,	,	PUNCT
cblr-2937	603	8	supra	supra	PROPN
cblr-2937	603	9	note	note	PROPN
cblr-2937	603	10	26	26	NUM
cblr-2937	603	11	,	,	PUNCT
cblr-2937	603	12	at	at	ADP
cblr-2937	603	13	14	14	NUM
cblr-2937	603	14	-	-	SYM
cblr-2937	603	15	15	15	NUM
cblr-2937	603	16	.	.	PUNCT
cblr-2937	604	1	the	the	DET
cblr-2937	604	2	list	list	NOUN
cblr-2937	604	3	of	of	ADP
cblr-2937	604	4	federal	federal	ADJ
cblr-2937	604	5	uses	use	NOUN
cblr-2937	604	6	of	of	ADP
cblr-2937	604	7	credit	credit	NOUN
cblr-2937	604	8	ratings	rating	NOUN
cblr-2937	604	9	presented	present	VERB
cblr-2937	604	10	here	here	ADV
cblr-2937	604	11	is	be	AUX
cblr-2937	604	12	nonexclusive	nonexclusive	ADJ
cblr-2937	604	13	.	.	PUNCT
cblr-2937	605	1	other	other	ADJ
cblr-2937	605	2	federal	federal	ADJ
cblr-2937	605	3	rules	rule	NOUN
cblr-2937	605	4	apparently	apparently	ADV
cblr-2937	605	5	rely	rely	VERB
cblr-2937	605	6	on	on	ADP
cblr-2937	605	7	credit	credit	NOUN
cblr-2937	605	8	ratings	rating	NOUN
cblr-2937	605	9	as	as	ADV
cblr-2937	605	10	well	well	ADV
cblr-2937	605	11	.	.	PUNCT
cblr-2937	606	1	see	see	VERB
cblr-2937	606	2	neil	neil	PROPN
cblr-2937	606	3	roland	roland	PROPN
cblr-2937	606	4	,	,	PUNCT
cblr-2937	606	5	sec	sec	PROPN
cblr-2937	606	6	plan	plan	NOUN
cblr-2937	606	7	to	to	PART
cblr-2937	606	8	lessen	lessen	VERB
cblr-2937	606	9	credit	credit	NOUN
cblr-2937	606	10	raters	rater	NOUN
cblr-2937	606	11	'	'	PART
cblr-2937	606	12	clout	clout	NOUN
cblr-2937	606	13	hemmed	hem	VERB
cblr-2937	606	14	in	in	ADP
cblr-2937	606	15	by	by	ADP
cblr-2937	606	16	other	other	ADJ
cblr-2937	606	17	regulators	regulator	NOUN
cblr-2937	606	18	,	,	PUNCT
cblr-2937	606	19	fin	fin	NOUN
cblr-2937	606	20	.	.	PUNCT
cblr-2937	607	1	wk	wk	PROPN
cblr-2937	607	2	.	.	PROPN
cblr-2937	607	3	,	,	PUNCT
cblr-2937	607	4	july	july	PROPN
cblr-2937	607	5	3	3	NUM
cblr-2937	607	6	,	,	PUNCT
cblr-2937	607	7	2008	2008	NUM
cblr-2937	607	8	.	.	PUNCT
cblr-2937	608	1	127	127	NUM
cblr-2937	608	2	roland	roland	NOUN
cblr-2937	608	3	,	,	PUNCT
cblr-2937	608	4	supra	supra	PROPN
cblr-2937	608	5	note	note	NOUN
cblr-2937	608	6	126	126	NUM
cblr-2937	608	7	.	.	PUNCT
cblr-2937	609	1	128	128	NUM
cblr-2937	609	2	partnoy	partnoy	ADJ
cblr-2937	609	3	,	,	PUNCT
cblr-2937	609	4	supra	supra	ADJ
cblr-2937	609	5	note	note	NOUN
cblr-2937	609	6	68	68	NUM
cblr-2937	609	7	,	,	PUNCT
cblr-2937	609	8	at	at	ADP
cblr-2937	609	9	700	700	NUM
cblr-2937	609	10	-	-	SYM
cblr-2937	609	11	01	01	NUM
cblr-2937	609	12	(	(	PUNCT
cblr-2937	609	13	1999	1999	NUM
cblr-2937	609	14	)	)	PUNCT
cblr-2937	609	15	.	.	PUNCT
cblr-2937	610	1	129	129	NUM
cblr-2937	610	2	see	see	VERB
cblr-2937	610	3	,	,	PUNCT
cblr-2937	610	4	e.g.	e.g.	ADV
cblr-2937	610	5	,	,	PUNCT
cblr-2937	610	6	ohio	ohio	PROPN
cblr-2937	610	7	rev	rev	PROPN
cblr-2937	610	8	.	.	PROPN
cblr-2937	610	9	code	code	PROPN
cblr-2937	610	10	ann	ann	PROPN
cblr-2937	610	11	.	.	PUNCT
cblr-2937	611	1	§	§	PROPN
cblr-2937	611	2	135.143(a)(6	135.143(a)(6	NUM
cblr-2937	611	3	)	)	PUNCT
cblr-2937	611	4	(	(	PUNCT
cblr-2937	611	5	west	west	NOUN
cblr-2937	611	6	2008	2008	NUM
cblr-2937	611	7	)	)	PUNCT
cblr-2937	612	1	(	(	PUNCT
cblr-2937	612	2	public	public	ADJ
cblr-2937	612	3	investment	investment	NOUN
cblr-2937	612	4	in	in	ADP
cblr-2937	612	5	commercial	commercial	ADJ
cblr-2937	612	6	paper	paper	NOUN
cblr-2937	612	7	)	)	PUNCT
cblr-2937	612	8	.	.	PUNCT
cblr-2937	613	1	130	130	NUM
cblr-2937	613	2	see	see	VERB
cblr-2937	613	3	,	,	PUNCT
cblr-2937	613	4	e.g.	e.g.	ADV
cblr-2937	613	5	,	,	PUNCT
cblr-2937	613	6	ohio	ohio	PROPN
cblr-2937	613	7	rev	rev	PROPN
cblr-2937	613	8	.	.	PROPN
cblr-2937	613	9	code	code	PROPN
cblr-2937	613	10	ann	ann	PROPN
cblr-2937	613	11	.	.	PUNCT
cblr-2937	614	1	§	§	PROPN
cblr-2937	614	2	1151.34(b	1151.34(b	NUM
cblr-2937	614	3	)	)	PUNCT
cblr-2937	614	4	(	(	PUNCT
cblr-2937	614	5	west	west	NOUN
cblr-2937	614	6	2008	2008	NUM
cblr-2937	614	7	)	)	PUNCT
cblr-2937	614	8	(	(	PUNCT
cblr-2937	614	9	s&ls	s&ls	PROPN
cblr-2937	614	10	)	)	PUNCT
cblr-2937	614	11	;	;	PUNCT
cblr-2937	614	12	§	§	PROPN
cblr-2937	614	13	1161.54(b	1161.54(b	NUM
cblr-2937	614	14	)	)	PUNCT
cblr-2937	614	15	(	(	PUNCT
cblr-2937	614	16	savings	saving	NOUN
cblr-2937	614	17	banks	bank	NOUN
cblr-2937	614	18	)	)	PUNCT
cblr-2937	614	19	.	.	PUNCT
cblr-2937	615	1	no	no	INTJ
cblr-2937	615	2	.	.	NOUN
cblr-2937	615	3	1	1	NUM
cblr-2937	615	4	:	:	SYM
cblr-2937	615	5	109	109	NUM
cblr-2937	615	6	]	]	PUNCT
cblr-2937	615	7	though	though	SCONJ
cblr-2937	615	8	the	the	DET
cblr-2937	615	9	ratings	rating	NOUN
cblr-2937	615	10	of	of	ADP
cblr-2937	615	11	standard	standard	PROPN
cblr-2937	615	12	&	&	CCONJ
cblr-2937	615	13	poor	poor	PROPN
cblr-2937	615	14	's	's	PART
cblr-2937	615	15	and	and	CCONJ
cblr-2937	615	16	moody	moody	NOUN
cblr-2937	615	17	's	's	PART
cblr-2937	615	18	are	be	AUX
cblr-2937	615	19	not	not	PART
cblr-2937	615	20	per	per	ADP
cblr-2937	615	21	se	se	X
cblr-2937	615	22	determinative	determinative	ADJ
cblr-2937	615	23	of	of	ADP
cblr-2937	615	24	prudence	prudence	NOUN
cblr-2937	615	25	,	,	PUNCT
cblr-2937	615	26	they	they	PRON
cblr-2937	615	27	are	be	AUX
cblr-2937	615	28	significant	significant	ADJ
cblr-2937	615	29	factors	factor	NOUN
cblr-2937	615	30	in	in	ADP
cblr-2937	615	31	...	...	PUNCT
cblr-2937	615	32	deciding	decide	VERB
cblr-2937	615	33	whether	whether	SCONJ
cblr-2937	615	34	a	a	DET
cblr-2937	615	35	particular	particular	ADJ
cblr-2937	615	36	[	[	X
cblr-2937	615	37	investment	investment	NOUN
cblr-2937	615	38	]	]	PUNCT
cblr-2937	615	39	should	should	AUX
cblr-2937	615	40	be	be	AUX
cblr-2937	615	41	purchased	purchase	VERB
cblr-2937	615	42	for	for	ADP
cblr-2937	615	43	plan	plan	NOUN
cblr-2937	615	44	participants	participant	NOUN
cblr-2937	615	45	.	.	PUNCT
cblr-2937	616	1	"	"	PUNCT
cblr-2937	616	2	'	'	PUNCT
cblr-2937	616	3	b.	b.	NOUN
cblr-2937	616	4	reform	reform	NOUN
cblr-2937	616	5	of	of	ADP
cblr-2937	616	6	rating	rating	NOUN
cblr-2937	616	7	-	-	PUNCT
cblr-2937	616	8	dependent	dependent	ADJ
cblr-2937	616	9	regulation	regulation	NOUN
cblr-2937	616	10	although	although	SCONJ
cblr-2937	616	11	scholars	scholar	NOUN
cblr-2937	616	12	have	have	AUX
cblr-2937	616	13	been	be	AUX
cblr-2937	616	14	criticizing	criticize	VERB
cblr-2937	616	15	rating	rating	NOUN
cblr-2937	616	16	-	-	PUNCT
cblr-2937	616	17	dependent	dependent	ADJ
cblr-2937	616	18	regulation	regulation	NOUN
cblr-2937	616	19	since	since	SCONJ
cblr-2937	616	20	at	at	ADP
cblr-2937	616	21	least	least	ADJ
cblr-2937	616	22	1999	1999	NUM
cblr-2937	616	23	,	,	PUNCT
cblr-2937	616	24	policymakers	policymaker	NOUN
cblr-2937	616	25	did	do	AUX
cblr-2937	616	26	not	not	PART
cblr-2937	616	27	take	take	VERB
cblr-2937	616	28	action	action	NOUN
cblr-2937	616	29	on	on	ADP
cblr-2937	616	30	this	this	DET
cblr-2937	616	31	score	score	NOUN
cblr-2937	616	32	,	,	PUNCT
cblr-2937	616	33	3	3	NUM
cblr-2937	616	34	'	'	PUNCT
cblr-2937	616	35	and	and	CCONJ
cblr-2937	616	36	rating	rating	NOUN
cblr-2937	616	37	-	-	PUNCT
cblr-2937	616	38	dependent	dependent	ADJ
cblr-2937	616	39	regulation	regulation	NOUN
cblr-2937	616	40	apparently	apparently	ADV
cblr-2937	616	41	became	become	VERB
cblr-2937	616	42	even	even	ADV
cblr-2937	616	43	more	more	ADV
cblr-2937	616	44	pervasive	pervasive	ADJ
cblr-2937	616	45	in	in	ADP
cblr-2937	616	46	the	the	DET
cblr-2937	616	47	2000s	2000s	NUM
cblr-2937	616	48	.	.	PUNCT
cblr-2937	617	1	"	"	PUNCT
cblr-2937	617	2	'	'	PUNCT
cblr-2937	617	3	in	in	ADP
cblr-2937	617	4	the	the	DET
cblr-2937	617	5	wake	wake	NOUN
cblr-2937	617	6	of	of	ADP
cblr-2937	617	7	the	the	DET
cblr-2937	617	8	crisis	crisis	NOUN
cblr-2937	617	9	,	,	PUNCT
cblr-2937	617	10	official	official	ADJ
cblr-2937	617	11	reports	report	NOUN
cblr-2937	617	12	have	have	AUX
cblr-2937	617	13	renewed	renew	VERB
cblr-2937	617	14	the	the	DET
cblr-2937	617	15	call	call	NOUN
cblr-2937	617	16	to	to	PART
cblr-2937	617	17	revisit	revisit	VERB
cblr-2937	617	18	rating	rating	NOUN
cblr-2937	617	19	-	-	PUNCT
cblr-2937	617	20	dependent	dependent	ADJ
cblr-2937	617	21	regulation	regulation	NOUN
cblr-2937	617	22	,	,	PUNCT
cblr-2937	617	23	especially	especially	ADV
cblr-2937	617	24	to	to	ADP
cblr-2937	617	25	the	the	DET
cblr-2937	617	26	extent	extent	NOUN
cblr-2937	617	27	that	that	SCONJ
cblr-2937	617	28	regulations	regulation	NOUN
cblr-2937	617	29	use	use	VERB
cblr-2937	617	30	a	a	DET
cblr-2937	617	31	high	high	ADJ
cblr-2937	617	32	credit	credit	NOUN
cblr-2937	617	33	rating	rating	NOUN
cblr-2937	617	34	as	as	ADP
cblr-2937	617	35	a	a	DET
cblr-2937	617	36	proxy	proxy	NOUN
cblr-2937	617	37	for	for	ADP
cblr-2937	617	38	low	low	ADJ
cblr-2937	617	39	volatility	volatility	NOUN
cblr-2937	617	40	and	and	CCONJ
cblr-2937	617	41	high	high	ADJ
cblr-2937	617	42	liquidity	liquidity	NOUN
cblr-2937	617	43	.	.	PUNCT
cblr-2937	617	44	'	'	PUNCT
cblr-2937	618	1	131	131	NUM
cblr-2937	618	2	glennie	glennie	NOUN
cblr-2937	618	3	v.	v.	ADP
cblr-2937	618	4	abitibi	abitibi	NOUN
cblr-2937	618	5	-	-	PUNCT
cblr-2937	618	6	price	price	PROPN
cblr-2937	618	7	corp	corp	PROPN
cblr-2937	618	8	.	.	PROPN
cblr-2937	618	9	,	,	PUNCT
cblr-2937	618	10	912	912	NUM
cblr-2937	618	11	f.	f.	PROPN
cblr-2937	618	12	supp	supp	PROPN
cblr-2937	618	13	.	.	PUNCT
cblr-2937	619	1	993	993	NUM
cblr-2937	619	2	,	,	PUNCT
cblr-2937	619	3	1002	1002	NUM
cblr-2937	619	4	(	(	PUNCT
cblr-2937	619	5	w.d	w.d	PROPN
cblr-2937	619	6	.	.	PROPN
cblr-2937	619	7	mich	mich	PROPN
cblr-2937	619	8	.	.	PROPN
cblr-2937	619	9	1996	1996	NUM
cblr-2937	619	10	)	)	PUNCT
cblr-2937	619	11	;	;	PUNCT
cblr-2937	619	12	see	see	VERB
cblr-2937	619	13	also	also	ADV
cblr-2937	619	14	coffee	coffee	NOUN
cblr-2937	619	15	,	,	PUNCT
cblr-2937	619	16	supra	supra	PROPN
cblr-2937	619	17	note	note	PROPN
cblr-2937	619	18	80	80	NUM
cblr-2937	619	19	,	,	PUNCT
cblr-2937	619	20	at	at	ADP
cblr-2937	619	21	294	294	NUM
cblr-2937	619	22	(	(	PUNCT
cblr-2937	619	23	additionally	additionally	ADV
cblr-2937	619	24	citing	cite	VERB
cblr-2937	619	25	in	in	ADP
cblr-2937	619	26	re	re	NOUN
cblr-2937	619	27	bartol	bartol	NOUN
cblr-2937	619	28	,	,	PUNCT
cblr-2937	619	29	38	38	NUM
cblr-2937	619	30	a.	a.	NOUN
cblr-2937	619	31	527	527	NUM
cblr-2937	619	32	(	(	PUNCT
cblr-2937	619	33	pa	pa	PROPN
cblr-2937	619	34	.	.	PROPN
cblr-2937	619	35	1897	1897	NUM
cblr-2937	619	36	)	)	PUNCT
cblr-2937	619	37	;	;	PUNCT
cblr-2937	619	38	in	in	ADP
cblr-2937	619	39	re	re	ADP
cblr-2937	619	40	detre	detre	NOUN
cblr-2937	619	41	's	's	PART
cblr-2937	619	42	estate	estate	NOUN
cblr-2937	619	43	,	,	PUNCT
cblr-2937	619	44	117	117	NUM
cblr-2937	619	45	a.	a.	NOUN
cblr-2937	619	46	54	54	NUM
cblr-2937	619	47	(	(	PUNCT
cblr-2937	619	48	pa	pa	PROPN
cblr-2937	619	49	.	.	PROPN
cblr-2937	619	50	1922	1922	NUM
cblr-2937	619	51	)	)	PUNCT
cblr-2937	619	52	)	)	PUNCT
cblr-2937	619	53	.	.	PUNCT
cblr-2937	620	1	although	although	SCONJ
cblr-2937	620	2	judicial	judicial	ADJ
cblr-2937	620	3	reliance	reliance	NOUN
cblr-2937	620	4	on	on	ADP
cblr-2937	620	5	agency	agency	NOUN
cblr-2937	620	6	ratings	rating	NOUN
cblr-2937	620	7	as	as	ADP
cblr-2937	620	8	evidence	evidence	NOUN
cblr-2937	620	9	of	of	ADP
cblr-2937	620	10	compliance	compliance	NOUN
cblr-2937	620	11	with	with	ADP
cblr-2937	620	12	fiduciary	fiduciary	ADJ
cblr-2937	620	13	obligations	obligation	NOUN
cblr-2937	620	14	arguably	arguably	ADV
cblr-2937	620	15	is	be	AUX
cblr-2937	620	16	not	not	PART
cblr-2937	620	17	"	"	PUNCT
cblr-2937	620	18	rating	rating	NOUN
cblr-2937	620	19	-	-	PUNCT
cblr-2937	620	20	dependent	dependent	ADJ
cblr-2937	620	21	regulation	regulation	NOUN
cblr-2937	620	22	,	,	PUNCT
cblr-2937	620	23	"	"	PUNCT
cblr-2937	620	24	it	it	PRON
cblr-2937	620	25	functions	function	VERB
cblr-2937	620	26	similarly	similarly	ADV
cblr-2937	620	27	:	:	PUNCT
cblr-2937	620	28	courts	court	NOUN
cblr-2937	620	29	tend	tend	VERB
cblr-2937	620	30	to	to	PART
cblr-2937	620	31	rely	rely	VERB
cblr-2937	620	32	on	on	ADP
cblr-2937	620	33	previous	previous	ADJ
cblr-2937	620	34	decisions	decision	NOUN
cblr-2937	620	35	about	about	ADP
cblr-2937	620	36	what	what	PRON
cblr-2937	620	37	kind	kind	NOUN
cblr-2937	620	38	of	of	ADP
cblr-2937	620	39	evidence	evidence	NOUN
cblr-2937	620	40	is	be	AUX
cblr-2937	620	41	probative	probative	ADJ
cblr-2937	620	42	,	,	PUNCT
cblr-2937	620	43	and	and	CCONJ
cblr-2937	620	44	federal	federal	ADJ
cblr-2937	620	45	reliance	reliance	NOUN
cblr-2937	620	46	in	in	ADP
cblr-2937	620	47	the	the	DET
cblr-2937	620	48	erisa	erisa	NOUN
cblr-2937	620	49	context	context	NOUN
cblr-2937	620	50	presumably	presumably	ADV
cblr-2937	620	51	makes	make	VERB
cblr-2937	620	52	it	it	PRON
cblr-2937	620	53	even	even	ADV
cblr-2937	620	54	harder	hard	ADJ
cblr-2937	620	55	to	to	PART
cblr-2937	620	56	challenge	challenge	VERB
cblr-2937	620	57	ratings	rating	NOUN
cblr-2937	620	58	reliance	reliance	NOUN
cblr-2937	620	59	.	.	PUNCT
cblr-2937	621	1	judicial	judicial	ADJ
cblr-2937	621	2	reliance	reliance	NOUN
cblr-2937	621	3	,	,	PUNCT
cblr-2937	621	4	once	once	ADV
cblr-2937	621	5	established	establish	VERB
cblr-2937	621	6	,	,	PUNCT
cblr-2937	621	7	is	be	AUX
cblr-2937	621	8	"	"	PUNCT
cblr-2937	621	9	sticky	sticky	ADJ
cblr-2937	621	10	"	"	PUNCT
cblr-2937	621	11	and	and	CCONJ
cblr-2937	621	12	difficult	difficult	ADJ
cblr-2937	621	13	for	for	SCONJ
cblr-2937	621	14	a	a	DET
cblr-2937	621	15	court	court	NOUN
cblr-2937	621	16	to	to	PART
cblr-2937	621	17	abandon	abandon	VERB
cblr-2937	621	18	even	even	ADV
cblr-2937	621	19	if	if	SCONJ
cblr-2937	621	20	rating	rating	NOUN
cblr-2937	621	21	quality	quality	NOUN
cblr-2937	621	22	is	be	AUX
cblr-2937	621	23	poor	poor	ADJ
cblr-2937	621	24	.	.	PUNCT
cblr-2937	622	1	132	132	NUM
cblr-2937	622	2	see	see	NOUN
cblr-2937	622	3	,	,	PUNCT
cblr-2937	622	4	e.g.	e.g.	ADV
cblr-2937	622	5	,	,	PUNCT
cblr-2937	622	6	sec	sec	PROPN
cblr-2937	622	7	sox	sox	PROPN
cblr-2937	622	8	report	report	NOUN
cblr-2937	622	9	,	,	PUNCT
cblr-2937	622	10	supra	supra	PROPN
cblr-2937	622	11	note	note	VERB
cblr-2937	622	12	50	50	NUM
cblr-2937	622	13	,	,	PUNCT
cblr-2937	622	14	at	at	ADP
cblr-2937	622	15	6	6	NUM
cblr-2937	622	16	-	-	SYM
cblr-2937	622	17	8	8	NUM
cblr-2937	622	18	,	,	PUNCT
cblr-2937	622	19	28	28	NUM
cblr-2937	622	20	-	-	SYM
cblr-2937	622	21	29	29	NUM
cblr-2937	622	22	,	,	PUNCT
cblr-2937	622	23	43	43	NUM
cblr-2937	622	24	-	-	SYM
cblr-2937	622	25	45	45	NUM
cblr-2937	622	26	(	(	PUNCT
cblr-2937	622	27	reviewing	review	VERB
cblr-2937	622	28	regulatory	regulatory	ADJ
cblr-2937	622	29	use	use	NOUN
cblr-2937	622	30	of	of	ADP
cblr-2937	622	31	credit	credit	NOUN
cblr-2937	622	32	ratings	rating	NOUN
cblr-2937	622	33	and	and	CCONJ
cblr-2937	622	34	declining	decline	VERB
cblr-2937	622	35	to	to	PART
cblr-2937	622	36	include	include	VERB
cblr-2937	622	37	ratingdependent	ratingdependent	NOUN
cblr-2937	622	38	regulation	regulation	NOUN
cblr-2937	622	39	in	in	ADP
cblr-2937	622	40	list	list	NOUN
cblr-2937	622	41	of	of	ADP
cblr-2937	622	42	areas	area	NOUN
cblr-2937	622	43	for	for	ADP
cblr-2937	622	44	continued	continue	VERB
cblr-2937	622	45	inquiry	inquiry	NOUN
cblr-2937	622	46	)	)	PUNCT
cblr-2937	622	47	.	.	PUNCT
cblr-2937	623	1	133	133	NUM
cblr-2937	623	2	for	for	ADP
cblr-2937	623	3	example	example	NOUN
cblr-2937	623	4	,	,	PUNCT
cblr-2937	623	5	when	when	SCONJ
cblr-2937	623	6	the	the	DET
cblr-2937	623	7	basel	basel	PROPN
cblr-2937	623	8	committee	committee	PROPN
cblr-2937	623	9	on	on	ADP
cblr-2937	623	10	banking	banking	NOUN
cblr-2937	623	11	supervision	supervision	NOUN
cblr-2937	623	12	,	,	PUNCT
cblr-2937	623	13	a	a	DET
cblr-2937	623	14	committee	committee	NOUN
cblr-2937	623	15	of	of	ADP
cblr-2937	623	16	bank	bank	PROPN
cblr-2937	623	17	supervisory	supervisory	ADJ
cblr-2937	623	18	authorities	authority	NOUN
cblr-2937	623	19	for	for	ADP
cblr-2937	623	20	the	the	DET
cblr-2937	623	21	g-10	g-10	PROPN
cblr-2937	623	22	countries	country	NOUN
cblr-2937	623	23	,	,	PUNCT
cblr-2937	623	24	adopted	adopt	VERB
cblr-2937	623	25	revisions	revision	NOUN
cblr-2937	623	26	to	to	ADP
cblr-2937	623	27	international	international	ADJ
cblr-2937	623	28	standards	standard	NOUN
cblr-2937	623	29	for	for	ADP
cblr-2937	623	30	bank	bank	NOUN
cblr-2937	623	31	risk	risk	NOUN
cblr-2937	623	32	management	management	NOUN
cblr-2937	623	33	,	,	PUNCT
cblr-2937	623	34	it	it	PRON
cblr-2937	623	35	incorporated	incorporate	VERB
cblr-2937	623	36	agency	agency	NOUN
cblr-2937	623	37	ratings	rating	NOUN
cblr-2937	623	38	(	(	PUNCT
cblr-2937	623	39	"	"	PUNCT
cblr-2937	623	40	external	external	ADJ
cblr-2937	623	41	credit	credit	NOUN
cblr-2937	623	42	assessments	assessment	NOUN
cblr-2937	623	43	"	"	PUNCT
cblr-2937	623	44	)	)	PUNCT
cblr-2937	623	45	into	into	ADP
cblr-2937	623	46	its	its	PRON
cblr-2937	623	47	approach	approach	NOUN
cblr-2937	623	48	.	.	PUNCT
cblr-2937	624	1	see	see	VERB
cblr-2937	624	2	basel	basel	PROPN
cblr-2937	624	3	comm	comm	NOUN
cblr-2937	624	4	.	.	PUNCT
cblr-2937	625	1	on	on	ADP
cblr-2937	625	2	banking	banking	NOUN
cblr-2937	625	3	supervision	supervision	NOUN
cblr-2937	625	4	,	,	PUNCT
cblr-2937	625	5	international	international	ADJ
cblr-2937	625	6	convergence	convergence	NOUN
cblr-2937	625	7	of	of	ADP
cblr-2937	625	8	capital	capital	NOUN
cblr-2937	625	9	measurement	measurement	NOUN
cblr-2937	625	10	and	and	CCONJ
cblr-2937	625	11	capital	capital	NOUN
cblr-2937	625	12	standards	standard	NOUN
cblr-2937	625	13	19	19	NUM
cblr-2937	625	14	50	50	NUM
cblr-2937	625	15	(	(	PUNCT
cblr-2937	625	16	2006	2006	NUM
cblr-2937	625	17	)	)	PUNCT
cblr-2937	625	18	(	(	PUNCT
cblr-2937	625	19	"	"	PUNCT
cblr-2937	625	20	the	the	DET
cblr-2937	625	21	committee	committee	NOUN
cblr-2937	625	22	permits	permit	VERB
cblr-2937	625	23	banks	bank	NOUN
cblr-2937	625	24	a	a	DET
cblr-2937	625	25	choice	choice	NOUN
cblr-2937	625	26	between	between	ADP
cblr-2937	625	27	two	two	NUM
cblr-2937	625	28	broad	broad	ADJ
cblr-2937	625	29	methodologies	methodology	NOUN
cblr-2937	625	30	for	for	ADP
cblr-2937	625	31	calculating	calculate	VERB
cblr-2937	625	32	their	their	PRON
cblr-2937	625	33	capital	capital	NOUN
cblr-2937	625	34	requirements	requirement	NOUN
cblr-2937	625	35	for	for	ADP
cblr-2937	625	36	credit	credit	NOUN
cblr-2937	625	37	risk	risk	NOUN
cblr-2937	625	38	.	.	PUNCT
cblr-2937	626	1	one	one	NUM
cblr-2937	626	2	alternative	alternative	NOUN
cblr-2937	626	3	,	,	PUNCT
cblr-2937	626	4	the	the	DET
cblr-2937	626	5	standardised	standardised	ADJ
cblr-2937	626	6	approach	approach	NOUN
cblr-2937	626	7	,	,	PUNCT
cblr-2937	626	8	will	will	AUX
cblr-2937	626	9	be	be	AUX
cblr-2937	626	10	to	to	PART
cblr-2937	626	11	measure	measure	VERB
cblr-2937	626	12	credit	credit	NOUN
cblr-2937	626	13	risk	risk	NOUN
cblr-2937	626	14	in	in	ADP
cblr-2937	626	15	a	a	DET
cblr-2937	626	16	standardised	standardised	ADJ
cblr-2937	626	17	manner	manner	NOUN
cblr-2937	626	18	,	,	PUNCT
cblr-2937	626	19	supported	support	VERB
cblr-2937	626	20	by	by	ADP
cblr-2937	626	21	external	external	ADJ
cblr-2937	626	22	credit	credit	NOUN
cblr-2937	626	23	assessments	assessment	NOUN
cblr-2937	626	24	.	.	PUNCT
cblr-2937	627	1	"	"	PUNCT
cblr-2937	627	2	)	)	PUNCT
cblr-2937	627	3	.	.	PUNCT
cblr-2937	628	1	134	134	NUM
cblr-2937	628	2	iosco	iosco	PROPN
cblr-2937	628	3	cra	cra	PROPN
cblr-2937	628	4	report	report	PROPN
cblr-2937	628	5	,	,	PUNCT
cblr-2937	628	6	supra	supra	PROPN
cblr-2937	628	7	note	note	PROPN
cblr-2937	628	8	36	36	NUM
cblr-2937	628	9	,	,	PUNCT
cblr-2937	628	10	at	at	ADP
cblr-2937	628	11	3	3	NUM
cblr-2937	628	12	(	(	PUNCT
cblr-2937	628	13	"	"	PUNCT
cblr-2937	628	14	[	[	X
cblr-2937	628	15	r]egulators	r]egulator	NOUN
cblr-2937	628	16	may	may	AUX
cblr-2937	628	17	need	need	VERB
cblr-2937	628	18	to	to	PART
cblr-2937	628	19	revisit	revisit	VERB
cblr-2937	628	20	policies	policy	NOUN
cblr-2937	628	21	that	that	PRON
cblr-2937	628	22	equate	equate	VERB
cblr-2937	628	23	low	low	ADJ
cblr-2937	628	24	default	default	NOUN
cblr-2937	628	25	risk	risk	NOUN
cblr-2937	628	26	with	with	ADP
cblr-2937	628	27	low	low	ADJ
cblr-2937	628	28	volatility	volatility	NOUN
cblr-2937	628	29	and	and	CCONJ
cblr-2937	628	30	liquidity	liquidity	NOUN
cblr-2937	628	31	risk	risk	NOUN
cblr-2937	628	32	....	....	PUNCT
cblr-2937	628	33	.	.	PUNCT
cblr-2937	629	1	"	"	PUNCT
cblr-2937	629	2	)	)	PUNCT
cblr-2937	629	3	;	;	PUNCT
cblr-2937	629	4	see	see	VERB
cblr-2937	629	5	also	also	ADV
cblr-2937	629	6	i	i	PROPN
cblr-2937	629	7	d.	d.	PROPN
cblr-2937	629	8	(	(	PUNCT
cblr-2937	629	9	questioning	question	VERB
cblr-2937	629	10	these	these	DET
cblr-2937	629	11	policies	policy	NOUN
cblr-2937	629	12	,	,	PUNCT
cblr-2937	629	13	which	which	PRON
cblr-2937	629	14	"	"	PUNCT
cblr-2937	629	15	encourage	encourage	VERB
cblr-2937	629	16	some	some	DET
cblr-2937	629	17	market	market	NOUN
cblr-2937	629	18	participants	participant	NOUN
cblr-2937	629	19	to	to	PART
cblr-2937	629	20	rely	rely	VERB
cblr-2937	629	21	entirely	entirely	ADV
cblr-2937	629	22	on	on	ADP
cblr-2937	629	23	credit	credit	NOUN
cblr-2937	629	24	ratings	rating	NOUN
cblr-2937	629	25	in	in	ADP
cblr-2937	629	26	columbia	columbia	PROPN
cblr-2937	629	27	business	business	PROPN
cblr-2937	629	28	la	la	PROPN
cblr-2937	629	29	wp	wp	PROPN
cblr-2937	629	30	rview	rview	ADJ
cblr-2937	630	1	[	[	X
cblr-2937	630	2	vol	vol	NOUN
cblr-2937	630	3	.	.	NOUN
cblr-2937	630	4	2009	2009	NUM
cblr-2937	630	5	credit	credit	NOUN
cblr-2937	630	6	ra	ra	PROPN
cblr-2937	630	7	ting	te	VERB
cblr-2937	630	8	a	a	DET
cblr-2937	630	9	gencies	gencie	NOUN
cblr-2937	630	10	the	the	DET
cblr-2937	630	11	sec	sec	PROPN
cblr-2937	630	12	introduced	introduce	VERB
cblr-2937	630	13	a	a	DET
cblr-2937	630	14	proposal	proposal	NOUN
cblr-2937	630	15	in	in	ADP
cblr-2937	630	16	summer	summer	NOUN
cblr-2937	630	17	2008	2008	NUM
cblr-2937	630	18	to	to	PART
cblr-2937	630	19	reduce	reduce	VERB
cblr-2937	630	20	,	,	PUNCT
cblr-2937	630	21	but	but	CCONJ
cblr-2937	630	22	not	not	PART
cblr-2937	630	23	eliminate	eliminate	VERB
cblr-2937	630	24	,	,	PUNCT
cblr-2937	630	25	its	its	PRON
cblr-2937	630	26	reliance	reliance	NOUN
cblr-2937	630	27	on	on	ADP
cblr-2937	630	28	ratings.3	ratings.3	PROPN
cblr-2937	630	29	'	'	PUNCT
cblr-2937	630	30	the	the	DET
cblr-2937	630	31	sec	sec	PROPN
cblr-2937	630	32	cited	cite	VERB
cblr-2937	630	33	the	the	DET
cblr-2937	630	34	possibility	possibility	NOUN
cblr-2937	630	35	that	that	SCONJ
cblr-2937	630	36	rating	rating	NOUN
cblr-2937	630	37	-	-	PUNCT
cblr-2937	630	38	dependent	dependent	ADJ
cblr-2937	630	39	regulation	regulation	NOUN
cblr-2937	630	40	poses	pose	VERB
cblr-2937	630	41	"	"	PUNCT
cblr-2937	630	42	a	a	DET
cblr-2937	630	43	risk	risk	NOUN
cblr-2937	630	44	that	that	PRON
cblr-2937	630	45	investors	investor	NOUN
cblr-2937	630	46	interpret	interpret	VERB
cblr-2937	630	47	the	the	DET
cblr-2937	630	48	use	use	NOUN
cblr-2937	630	49	of	of	ADP
cblr-2937	630	50	the	the	DET
cblr-2937	630	51	term	term	NOUN
cblr-2937	630	52	[	[	X
cblr-2937	630	53	nrsro	nrsro	X
cblr-2937	630	54	]	]	X
cblr-2937	630	55	as	as	ADP
cblr-2937	630	56	an	an	DET
cblr-2937	630	57	endorsement	endorsement	NOUN
cblr-2937	630	58	of	of	ADP
cblr-2937	630	59	the	the	DET
cblr-2937	630	60	quality	quality	NOUN
cblr-2937	630	61	of	of	ADP
cblr-2937	630	62	the	the	DET
cblr-2937	630	63	credit	credit	NOUN
cblr-2937	630	64	ratings	rating	NOUN
cblr-2937	630	65	issued	issue	VERB
cblr-2937	630	66	by	by	ADP
cblr-2937	630	67	nrsros	nrsros	PROPN
cblr-2937	630	68	,	,	PUNCT
cblr-2937	630	69	which	which	PRON
cblr-2937	630	70	may	may	AUX
cblr-2937	630	71	have	have	AUX
cblr-2937	630	72	encouraged	encourage	VERB
cblr-2937	630	73	investors	investor	NOUN
cblr-2937	630	74	to	to	PART
cblr-2937	630	75	place	place	VERB
cblr-2937	630	76	undue	undue	ADJ
cblr-2937	630	77	reliance	reliance	NOUN
cblr-2937	630	78	on	on	ADP
cblr-2937	630	79	the	the	DET
cblr-2937	630	80	credit	credit	NOUN
cblr-2937	630	81	ratings	rating	NOUN
cblr-2937	630	82	issued	issue	VERB
cblr-2937	630	83	by	by	ADP
cblr-2937	630	84	these	these	DET
cblr-2937	630	85	entities	entity	NOUN
cblr-2937	630	86	.	.	PUNCT
cblr-2937	631	1	"'36	"'36	NOUN
cblr-2937	631	2	as	as	ADP
cblr-2937	631	3	of	of	ADP
cblr-2937	631	4	february	february	PROPN
cblr-2937	631	5	2009	2009	NUM
cblr-2937	631	6	,	,	PUNCT
cblr-2937	631	7	the	the	DET
cblr-2937	631	8	status	status	NOUN
cblr-2937	631	9	of	of	ADP
cblr-2937	631	10	that	that	DET
cblr-2937	631	11	proposal	proposal	NOUN
cblr-2937	631	12	is	be	AUX
cblr-2937	631	13	unclear	unclear	ADJ
cblr-2937	631	14	:	:	PUNCT
cblr-2937	631	15	although	although	SCONJ
cblr-2937	631	16	the	the	DET
cblr-2937	631	17	sec	sec	PROPN
cblr-2937	631	18	had	have	AUX
cblr-2937	631	19	adopted	adopt	VERB
cblr-2937	631	20	some	some	PRON
cblr-2937	631	21	of	of	ADP
cblr-2937	631	22	its	its	PRON
cblr-2937	631	23	summer	summer	NOUN
cblr-2937	631	24	2008	2008	NUM
cblr-2937	631	25	proposals	proposal	NOUN
cblr-2937	631	26	and	and	CCONJ
cblr-2937	631	27	re	re	VERB
cblr-2937	631	28	-	-	VERB
cblr-2937	631	29	proposed	propose	VERB
cblr-2937	631	30	others	other	NOUN
cblr-2937	631	31	in	in	ADP
cblr-2937	631	32	modified	modified	ADJ
cblr-2937	631	33	form	form	NOUN
cblr-2937	631	34	,	,	PUNCT
cblr-2937	631	35	it	it	PRON
cblr-2937	631	36	had	have	AUX
cblr-2937	631	37	not	not	PART
cblr-2937	631	38	taken	take	VERB
cblr-2937	631	39	any	any	DET
cblr-2937	631	40	action	action	NOUN
cblr-2937	631	41	on	on	ADP
cblr-2937	631	42	the	the	DET
cblr-2937	631	43	proposal	proposal	NOUN
cblr-2937	631	44	to	to	PART
cblr-2937	631	45	reduce	reduce	VERB
cblr-2937	631	46	its	its	PRON
cblr-2937	631	47	reliance	reliance	NOUN
cblr-2937	631	48	on	on	ADP
cblr-2937	631	49	agency	agency	NOUN
cblr-2937	631	50	ratings	rating	NOUN
cblr-2937	631	51	.	.	PUNCT
cblr-2937	632	1	"	"	PUNCT
cblr-2937	632	2	'	'	PUNCT
cblr-2937	632	3	despite	despite	SCONJ
cblr-2937	632	4	the	the	DET
cblr-2937	632	5	concerns	concern	NOUN
cblr-2937	632	6	that	that	PRON
cblr-2937	632	7	have	have	AUX
cblr-2937	632	8	been	be	AUX
cblr-2937	632	9	expressed	express	VERB
cblr-2937	632	10	about	about	ADP
cblr-2937	632	11	rating	rating	NOUN
cblr-2937	632	12	-	-	PUNCT
cblr-2937	632	13	dependent	dependent	ADJ
cblr-2937	632	14	regulation	regulation	NOUN
cblr-2937	632	15	,	,	PUNCT
cblr-2937	632	16	it	it	PRON
cblr-2937	632	17	may	may	AUX
cblr-2937	632	18	be	be	AUX
cblr-2937	632	19	the	the	DET
cblr-2937	632	20	least	least	ADV
cblr-2937	632	21	bad	bad	ADJ
cblr-2937	632	22	approach	approach	NOUN
cblr-2937	632	23	to	to	ADP
cblr-2937	632	24	a	a	DET
cblr-2937	632	25	fundamental	fundamental	ADJ
cblr-2937	632	26	problem	problem	NOUN
cblr-2937	632	27	of	of	ADP
cblr-2937	632	28	financial	financial	ADJ
cblr-2937	632	29	regulation	regulation	NOUN
cblr-2937	632	30	.	.	PUNCT
cblr-2937	633	1	institutions	institution	NOUN
cblr-2937	633	2	such	such	ADJ
cblr-2937	633	3	as	as	ADP
cblr-2937	633	4	commercial	commercial	ADJ
cblr-2937	633	5	and	and	CCONJ
cblr-2937	633	6	investment	investment	NOUN
cblr-2937	633	7	banks	bank	NOUN
cblr-2937	633	8	,	,	PUNCT
cblr-2937	633	9	broker	broker	NOUN
cblr-2937	633	10	-	-	PUNCT
cblr-2937	633	11	dealers	dealer	NOUN
cblr-2937	633	12	,	,	PUNCT
cblr-2937	633	13	and	and	CCONJ
cblr-2937	633	14	insurance	insurance	NOUN
cblr-2937	633	15	companies	company	NOUN
cblr-2937	633	16	are	be	AUX
cblr-2937	633	17	subject	subject	ADJ
cblr-2937	633	18	to	to	ADP
cblr-2937	633	19	"	"	PUNCT
cblr-2937	633	20	net	net	ADJ
cblr-2937	633	21	capital	capital	NOUN
cblr-2937	633	22	"	"	PUNCT
cblr-2937	633	23	regulation	regulation	NOUN
cblr-2937	633	24	intended	intend	VERB
cblr-2937	633	25	to	to	PART
cblr-2937	633	26	ensure	ensure	VERB
cblr-2937	633	27	that	that	SCONJ
cblr-2937	633	28	they	they	PRON
cblr-2937	633	29	can	can	AUX
cblr-2937	633	30	meet	meet	VERB
cblr-2937	633	31	their	their	PRON
cblr-2937	633	32	obligations	obligation	NOUN
cblr-2937	633	33	to	to	ADP
cblr-2937	633	34	depositors	depositor	NOUN
cblr-2937	633	35	,	,	PUNCT
cblr-2937	633	36	clients	client	NOUN
cblr-2937	633	37	,	,	PUNCT
cblr-2937	633	38	and	and	CCONJ
cblr-2937	633	39	insured	insured	ADJ
cblr-2937	633	40	parties	party	NOUN
cblr-2937	633	41	.	.	PUNCT
cblr-2937	634	1	given	give	VERB
cblr-2937	634	2	that	that	SCONJ
cblr-2937	634	3	these	these	DET
cblr-2937	634	4	organizations	organization	NOUN
cblr-2937	634	5	all	all	PRON
cblr-2937	634	6	invest	invest	VERB
cblr-2937	634	7	in	in	ADP
cblr-2937	634	8	fixed	fix	VERB
cblr-2937	634	9	-	-	PUNCT
cblr-2937	634	10	income	income	NOUN
cblr-2937	634	11	place	place	NOUN
cblr-2937	634	12	of	of	ADP
cblr-2937	634	13	...	...	PUNCT
cblr-2937	634	14	conducting	conduct	VERB
cblr-2937	634	15	a	a	DET
cblr-2937	634	16	thorough	thorough	ADJ
cblr-2937	634	17	and	and	CCONJ
cblr-2937	634	18	separate	separate	ADJ
cblr-2937	634	19	risk	risk	NOUN
cblr-2937	634	20	assessment	assessment	NOUN
cblr-2937	634	21	themselves	themselves	PRON
cblr-2937	634	22	"	"	PUNCT
cblr-2937	634	23	)	)	PUNCT
cblr-2937	634	24	.	.	PUNCT
cblr-2937	635	1	135	135	NUM
cblr-2937	635	2	see	see	VERB
cblr-2937	635	3	sec	sec	PROPN
cblr-2937	635	4	july	july	PROPN
cblr-2937	635	5	1	1	NUM
cblr-2937	635	6	proposal	proposal	NOUN
cblr-2937	635	7	,	,	PUNCT
cblr-2937	635	8	supra	supra	PROPN
cblr-2937	635	9	note	note	PROPN
cblr-2937	635	10	56	56	NUM
cblr-2937	635	11	,	,	PUNCT
cblr-2937	635	12	at	at	ADP
cblr-2937	635	13	40,089	40,089	NUM
cblr-2937	635	14	(	(	PUNCT
cblr-2937	635	15	proposing	propose	VERB
cblr-2937	635	16	to	to	PART
cblr-2937	635	17	amend	amend	VERB
cblr-2937	635	18	rating	rating	NOUN
cblr-2937	635	19	-	-	PUNCT
cblr-2937	635	20	dependent	dependent	ADJ
cblr-2937	635	21	rules	rule	NOUN
cblr-2937	635	22	because	because	SCONJ
cblr-2937	635	23	they	they	PRON
cblr-2937	635	24	may	may	AUX
cblr-2937	635	25	"	"	PUNCT
cblr-2937	635	26	encourage	encourage	VERB
cblr-2937	635	27	undue	undue	ADJ
cblr-2937	635	28	reliance	reliance	NOUN
cblr-2937	635	29	"	"	PUNCT
cblr-2937	635	30	on	on	ADP
cblr-2937	635	31	ratings	rating	NOUN
cblr-2937	635	32	but	but	CCONJ
cblr-2937	635	33	declining	decline	VERB
cblr-2937	635	34	to	to	PART
cblr-2937	635	35	propose	propose	VERB
cblr-2937	635	36	amendments	amendment	NOUN
cblr-2937	635	37	to	to	ADP
cblr-2937	635	38	"	"	PUNCT
cblr-2937	635	39	a	a	DET
cblr-2937	635	40	small	small	ADJ
cblr-2937	635	41	number	number	NOUN
cblr-2937	635	42	of	of	ADP
cblr-2937	635	43	forms	form	NOUN
cblr-2937	635	44	and	and	CCONJ
cblr-2937	635	45	rules	rule	NOUN
cblr-2937	635	46	...	...	PUNCT
cblr-2937	635	47	where	where	SCONJ
cblr-2937	635	48	we	we	PRON
cblr-2937	635	49	believe	believe	VERB
cblr-2937	635	50	it	it	PRON
cblr-2937	635	51	is	be	AUX
cblr-2937	635	52	important	important	ADJ
cblr-2937	635	53	to	to	PART
cblr-2937	635	54	retain	retain	VERB
cblr-2937	635	55	the	the	DET
cblr-2937	635	56	reference	reference	NOUN
cblr-2937	635	57	to	to	ADP
cblr-2937	635	58	nrsro	nrsro	ADJ
cblr-2937	635	59	ratings	rating	NOUN
cblr-2937	635	60	"	"	PUNCT
cblr-2937	635	61	)	)	PUNCT
cblr-2937	635	62	;	;	PUNCT
cblr-2937	635	63	see	see	VERB
cblr-2937	635	64	also	also	ADV
cblr-2937	635	65	christopher	christopher	PROPN
cblr-2937	635	66	cox	cox	PROPN
cblr-2937	635	67	,	,	PUNCT
cblr-2937	635	68	chairman	chairman	NOUN
cblr-2937	635	69	,	,	PUNCT
cblr-2937	635	70	u.s	u.s	PROPN
cblr-2937	635	71	.	.	PROPN
cblr-2937	635	72	sec	sec	PROPN
cblr-2937	635	73	.	.	PROPN
cblr-2937	635	74	&	&	CCONJ
cblr-2937	635	75	exch	exch	PROPN
cblr-2937	635	76	.	.	PUNCT
cblr-2937	636	1	comm'n	comm'n	PROPN
cblr-2937	636	2	,	,	PUNCT
cblr-2937	636	3	statement	statement	NOUN
cblr-2937	636	4	on	on	ADP
cblr-2937	636	5	proposal	proposal	NOUN
cblr-2937	636	6	to	to	PART
cblr-2937	636	7	increase	increase	VERB
cblr-2937	636	8	investor	investor	NOUN
cblr-2937	636	9	protection	protection	NOUN
cblr-2937	636	10	by	by	ADP
cblr-2937	636	11	reducing	reduce	VERB
cblr-2937	636	12	reliance	reliance	NOUN
cblr-2937	636	13	on	on	ADP
cblr-2937	636	14	credit	credit	NOUN
cblr-2937	636	15	ratings	rating	NOUN
cblr-2937	636	16	(	(	PUNCT
cblr-2937	636	17	june	june	PROPN
cblr-2937	636	18	25	25	NUM
cblr-2937	636	19	,	,	PUNCT
cblr-2937	636	20	2008	2008	NUM
cblr-2937	636	21	)	)	PUNCT
cblr-2937	636	22	(	(	PUNCT
cblr-2937	636	23	commenting	comment	VERB
cblr-2937	636	24	that	that	SCONJ
cblr-2937	636	25	proposal	proposal	NOUN
cblr-2937	636	26	will	will	AUX
cblr-2937	636	27	eliminate	eliminate	VERB
cblr-2937	636	28	eleven	eleven	NUM
cblr-2937	636	29	of	of	ADP
cblr-2937	636	30	forty	forty	NUM
cblr-2937	636	31	-	-	PUNCT
cblr-2937	636	32	four	four	NUM
cblr-2937	636	33	references	reference	NOUN
cblr-2937	636	34	to	to	ADP
cblr-2937	636	35	credit	credit	NOUN
cblr-2937	636	36	ratings	rating	NOUN
cblr-2937	636	37	in	in	ADP
cblr-2937	636	38	sec	sec	PROPN
cblr-2937	636	39	rules	rule	NOUN
cblr-2937	636	40	and	and	CCONJ
cblr-2937	636	41	forms	form	NOUN
cblr-2937	636	42	,	,	PUNCT
cblr-2937	636	43	will	will	AUX
cblr-2937	636	44	"	"	PUNCT
cblr-2937	636	45	substitut[e	substitut[e	ADV
cblr-2937	636	46	]	]	PUNCT
cblr-2937	636	47	.	.	PUNCT
cblr-2937	636	48	.	.	PUNCT
cblr-2937	636	49	.	.	PUNCT
cblr-2937	637	1	a	a	DET
cblr-2937	637	2	standard	standard	NOUN
cblr-2937	637	3	based	base	VERB
cblr-2937	637	4	on	on	ADP
cblr-2937	637	5	a	a	DET
cblr-2937	637	6	more	more	ADV
cblr-2937	637	7	clearly	clearly	ADV
cblr-2937	637	8	stated	state	VERB
cblr-2937	637	9	regulatory	regulatory	ADJ
cblr-2937	637	10	purpose	purpose	NOUN
cblr-2937	637	11	or	or	CCONJ
cblr-2937	637	12	other	other	ADJ
cblr-2937	637	13	concept	concept	NOUN
cblr-2937	637	14	"	"	PUNCT
cblr-2937	637	15	in	in	ADP
cblr-2937	637	16	twenty	twenty	NUM
cblr-2937	637	17	-	-	PUNCT
cblr-2937	637	18	seven	seven	NUM
cblr-2937	637	19	cases	case	NOUN
cblr-2937	637	20	,	,	PUNCT
cblr-2937	637	21	and	and	CCONJ
cblr-2937	637	22	will	will	AUX
cblr-2937	637	23	leave	leave	VERB
cblr-2937	637	24	the	the	DET
cblr-2937	637	25	reference	reference	NOUN
cblr-2937	637	26	unchanged	unchanged	ADJ
cblr-2937	637	27	in	in	ADP
cblr-2937	637	28	six	six	NUM
cblr-2937	637	29	cases	case	NOUN
cblr-2937	637	30	)	)	PUNCT
cblr-2937	637	31	.	.	PUNCT
cblr-2937	638	1	136	136	NUM
cblr-2937	638	2	see	see	VERB
cblr-2937	638	3	sec	sec	PROPN
cblr-2937	638	4	july	july	PROPN
cblr-2937	638	5	1	1	NUM
cblr-2937	638	6	proposal	proposal	NOUN
cblr-2937	638	7	,	,	PUNCT
cblr-2937	638	8	supra	supra	PROPN
cblr-2937	638	9	note	note	PROPN
cblr-2937	638	10	56	56	NUM
cblr-2937	638	11	,	,	PUNCT
cblr-2937	638	12	at	at	ADP
cblr-2937	638	13	40,125	40,125	NUM
cblr-2937	638	14	.	.	PUNCT
cblr-2937	639	1	137	137	NUM
cblr-2937	639	2	see	see	VERB
cblr-2937	639	3	scannell	scannell	PROPN
cblr-2937	639	4	&	&	CCONJ
cblr-2937	639	5	lucchetti	lucchetti	PROPN
cblr-2937	639	6	,	,	PUNCT
cblr-2937	639	7	supra	supra	PROPN
cblr-2937	639	8	note	note	NOUN
cblr-2937	639	9	89	89	NUM
cblr-2937	639	10	(	(	PUNCT
cblr-2937	639	11	"	"	PUNCT
cblr-2937	639	12	the	the	DET
cblr-2937	639	13	sec	sec	PROPN
cblr-2937	639	14	put	put	VERB
cblr-2937	639	15	off	off	ADP
cblr-2937	639	16	more	more	ADV
cblr-2937	639	17	controversial	controversial	ADJ
cblr-2937	639	18	changes	change	NOUN
cblr-2937	639	19	...	...	PUNCT
cblr-2937	639	20	that	that	PRON
cblr-2937	639	21	would	would	AUX
cblr-2937	639	22	reduce	reduce	VERB
cblr-2937	639	23	agency	agency	NOUN
cblr-2937	639	24	rules	rule	NOUN
cblr-2937	639	25	'	'	PART
cblr-2937	639	26	reliance	reliance	NOUN
cblr-2937	639	27	on	on	ADP
cblr-2937	639	28	the	the	DET
cblr-2937	639	29	use	use	NOUN
cblr-2937	639	30	of	of	ADP
cblr-2937	639	31	credit	credit	NOUN
cblr-2937	639	32	ratings	rating	NOUN
cblr-2937	639	33	for	for	ADP
cblr-2937	639	34	such	such	ADJ
cblr-2937	639	35	things	thing	NOUN
cblr-2937	639	36	as	as	ADP
cblr-2937	639	37	investments	investment	NOUN
cblr-2937	639	38	by	by	ADP
cblr-2937	639	39	money	money	NOUN
cblr-2937	639	40	-	-	PUNCT
cblr-2937	639	41	market	market	NOUN
cblr-2937	639	42	mutual	mutual	ADJ
cblr-2937	639	43	funds	fund	NOUN
cblr-2937	639	44	.	.	PUNCT
cblr-2937	639	45	"	"	PUNCT
cblr-2937	639	46	)	)	PUNCT
cblr-2937	639	47	.	.	PUNCT
cblr-2937	640	1	no	no	INTJ
cblr-2937	640	2	.	.	NOUN
cblr-2937	641	1	1	1	NUM
cblr-2937	641	2	:	:	SYM
cblr-2937	641	3	109	109	NUM
cblr-2937	641	4	]	]	PUNCT
cblr-2937	641	5	securities	security	NOUN
cblr-2937	641	6	,	,	PUNCT
cblr-2937	641	7	the	the	DET
cblr-2937	641	8	regulator	regulator	NOUN
cblr-2937	641	9	needs	need	VERB
cblr-2937	641	10	some	some	DET
cblr-2937	641	11	way	way	NOUN
cblr-2937	641	12	of	of	ADP
cblr-2937	641	13	determining	determine	VERB
cblr-2937	641	14	the	the	DET
cblr-2937	641	15	credit	credit	NOUN
cblr-2937	641	16	risk	risk	NOUN
cblr-2937	641	17	of	of	ADP
cblr-2937	641	18	the	the	DET
cblr-2937	641	19	regulated	regulated	ADJ
cblr-2937	641	20	entity	entity	NOUN
cblr-2937	641	21	's	's	PART
cblr-2937	641	22	investment	investment	NOUN
cblr-2937	641	23	.	.	PUNCT
cblr-2937	642	1	138	138	NUM
cblr-2937	642	2	there	there	PRON
cblr-2937	642	3	are	be	VERB
cblr-2937	642	4	several	several	ADJ
cblr-2937	642	5	possible	possible	ADJ
cblr-2937	642	6	ways	way	NOUN
cblr-2937	642	7	of	of	ADP
cblr-2937	642	8	doing	do	VERB
cblr-2937	642	9	this	this	PRON
cblr-2937	642	10	,	,	PUNCT
cblr-2937	642	11	none	none	NOUN
cblr-2937	642	12	of	of	ADP
cblr-2937	642	13	which	which	PRON
cblr-2937	642	14	is	be	AUX
cblr-2937	642	15	-perfect	-perfect	ADJ
cblr-2937	642	16	.	.	PUNCT
cblr-2937	643	1	first	first	ADV
cblr-2937	643	2	,	,	PUNCT
cblr-2937	643	3	the	the	DET
cblr-2937	643	4	regulator	regulator	NOUN
cblr-2937	643	5	may	may	AUX
cblr-2937	643	6	attempt	attempt	VERB
cblr-2937	643	7	to	to	PART
cblr-2937	643	8	determine	determine	VERB
cblr-2937	643	9	credit	credit	NOUN
cblr-2937	643	10	risk	risk	NOUN
cblr-2937	643	11	itself	itself	PRON
cblr-2937	643	12	.	.	PUNCT
cblr-2937	644	1	this	this	PRON
cblr-2937	644	2	is	be	AUX
cblr-2937	644	3	problematic	problematic	ADJ
cblr-2937	644	4	because	because	SCONJ
cblr-2937	644	5	it	it	PRON
cblr-2937	644	6	could	could	AUX
cblr-2937	644	7	require	require	VERB
cblr-2937	644	8	a	a	DET
cblr-2937	644	9	massive	massive	ADJ
cblr-2937	644	10	commitment	commitment	NOUN
cblr-2937	644	11	of	of	ADP
cblr-2937	644	12	regulatory	regulatory	ADJ
cblr-2937	644	13	resources	resource	NOUN
cblr-2937	644	14	-	-	PUNCT
cblr-2937	644	15	for	for	ADP
cblr-2937	644	16	example	example	NOUN
cblr-2937	644	17	,	,	PUNCT
cblr-2937	644	18	standard	standard	PROPN
cblr-2937	644	19	&	&	CCONJ
cblr-2937	644	20	poor	poor	PROPN
cblr-2937	644	21	's	's	PART
cblr-2937	644	22	maintains	maintain	VERB
cblr-2937	644	23	around	around	ADP
cblr-2937	644	24	1.25	1.25	NUM
cblr-2937	644	25	million	million	NUM
cblr-2937	644	26	ratings.39	ratings.39	NOUN
cblr-2937	644	27	second	second	ADJ
cblr-2937	644	28	,	,	PUNCT
cblr-2937	644	29	the	the	DET
cblr-2937	644	30	regulator	regulator	NOUN
cblr-2937	644	31	can	can	AUX
cblr-2937	644	32	rely	rely	VERB
cblr-2937	644	33	on	on	ADP
cblr-2937	644	34	the	the	DET
cblr-2937	644	35	regulated	regulated	ADJ
cblr-2937	644	36	party	party	NOUN
cblr-2937	644	37	to	to	PART
cblr-2937	644	38	rate	rate	VERB
cblr-2937	644	39	the	the	DET
cblr-2937	644	40	instruments	instrument	NOUN
cblr-2937	644	41	and	and	CCONJ
cblr-2937	644	42	can	can	AUX
cblr-2937	644	43	confine	confine	VERB
cblr-2937	644	44	itself	itself	PRON
cblr-2937	644	45	to	to	ADP
cblr-2937	644	46	judging	judge	VERB
cblr-2937	644	47	the	the	DET
cblr-2937	644	48	adequacy	adequacy	NOUN
cblr-2937	644	49	of	of	ADP
cblr-2937	644	50	the	the	DET
cblr-2937	644	51	regulated	regulated	ADJ
cblr-2937	644	52	party	party	NOUN
cblr-2937	644	53	's	's	PART
cblr-2937	644	54	internal	internal	ADJ
cblr-2937	644	55	rating	rating	NOUN
cblr-2937	644	56	system	system	NOUN
cblr-2937	644	57	.	.	PUNCT
cblr-2937	645	1	although	although	SCONJ
cblr-2937	645	2	the	the	DET
cblr-2937	645	3	basel	basel	PROPN
cblr-2937	645	4	ii	ii	PROPN
cblr-2937	645	5	approach	approach	NOUN
cblr-2937	645	6	to	to	ADP
cblr-2937	645	7	banking	banking	NOUN
cblr-2937	645	8	regulation	regulation	NOUN
cblr-2937	645	9	contemplates	contemplate	VERB
cblr-2937	645	10	this	this	PRON
cblr-2937	645	11	as	as	ADP
cblr-2937	645	12	an	an	DET
cblr-2937	645	13	option	option	NOUN
cblr-2937	645	14	for	for	ADP
cblr-2937	645	15	sophisticated	sophisticated	ADJ
cblr-2937	645	16	banks	bank	NOUN
cblr-2937	645	17	,	,	PUNCT
cblr-2937	645	18	the	the	DET
cblr-2937	645	19	approach	approach	NOUN
cblr-2937	645	20	seems	seem	VERB
cblr-2937	645	21	open	open	ADJ
cblr-2937	645	22	to	to	ADP
cblr-2937	645	23	conflicts	conflict	NOUN
cblr-2937	645	24	of	of	ADP
cblr-2937	645	25	interest	interest	NOUN
cblr-2937	645	26	unless	unless	SCONJ
cblr-2937	645	27	regulators	regulator	NOUN
cblr-2937	645	28	are	be	AUX
cblr-2937	645	29	prepared	prepared	ADJ
cblr-2937	645	30	to	to	PART
cblr-2937	645	31	spend	spend	VERB
cblr-2937	645	32	significant	significant	ADJ
cblr-2937	645	33	resources	resource	NOUN
cblr-2937	645	34	monitoring	monitor	VERB
cblr-2937	645	35	the	the	DET
cblr-2937	645	36	development	development	NOUN
cblr-2937	645	37	and	and	CCONJ
cblr-2937	645	38	implementation	implementation	NOUN
cblr-2937	645	39	of	of	ADP
cblr-2937	645	40	the	the	DET
cblr-2937	645	41	internal	internal	ADJ
cblr-2937	645	42	rating	rating	NOUN
cblr-2937	645	43	systems	system	NOUN
cblr-2937	645	44	.	.	PUNCT
cblr-2937	646	1	third	third	ADJ
cblr-2937	646	2	,	,	PUNCT
cblr-2937	646	3	the	the	DET
cblr-2937	646	4	regulator	regulator	NOUN
cblr-2937	646	5	could	could	AUX
cblr-2937	646	6	rely	rely	VERB
cblr-2937	646	7	on	on	ADP
cblr-2937	646	8	market	market	NOUN
cblr-2937	646	9	assessments	assessment	NOUN
cblr-2937	646	10	of	of	ADP
cblr-2937	646	11	credit	credit	NOUN
cblr-2937	646	12	risk	risk	NOUN
cblr-2937	646	13	,	,	PUNCT
cblr-2937	646	14	or	or	CCONJ
cblr-2937	646	15	"	"	PUNCT
cblr-2937	646	16	credit	credit	NOUN
cblr-2937	646	17	spreads"-in	spreads"-in	NOUN
cblr-2937	646	18	effect	effect	NOUN
cblr-2937	646	19	,	,	PUNCT
cblr-2937	646	20	on	on	ADP
cblr-2937	646	21	the	the	DET
cblr-2937	646	22	prices	price	NOUN
cblr-2937	646	23	at	at	ADP
cblr-2937	646	24	which	which	PRON
cblr-2937	646	25	the	the	DET
cblr-2937	646	26	instruments	instrument	NOUN
cblr-2937	646	27	are	be	AUX
cblr-2937	646	28	trading.140	trading.140	NOUN
cblr-2937	646	29	this	this	DET
cblr-2937	646	30	approach	approach	NOUN
cblr-2937	646	31	is	be	AUX
cblr-2937	646	32	problematic	problematic	ADJ
cblr-2937	646	33	because	because	SCONJ
cblr-2937	646	34	market	market	NOUN
cblr-2937	646	35	prices	price	NOUN
cblr-2937	646	36	may	may	AUX
cblr-2937	646	37	not	not	PART
cblr-2937	646	38	be	be	AUX
cblr-2937	646	39	available	available	ADJ
cblr-2937	646	40	,	,	PUNCT
cblr-2937	646	41	especially	especially	ADV
cblr-2937	646	42	in	in	ADP
cblr-2937	646	43	periods	period	NOUN
cblr-2937	646	44	of	of	ADP
cblr-2937	646	45	market	market	NOUN
cblr-2937	646	46	stress	stress	NOUN
cblr-2937	646	47	,	,	PUNCT
cblr-2937	646	48	and	and	CCONJ
cblr-2937	646	49	because	because	SCONJ
cblr-2937	646	50	market	market	NOUN
cblr-2937	646	51	prices	price	NOUN
cblr-2937	646	52	reflect	reflect	VERB
cblr-2937	646	53	factors	factor	NOUN
cblr-2937	646	54	other	other	ADJ
cblr-2937	646	55	than	than	ADP
cblr-2937	646	56	default	default	NOUN
cblr-2937	646	57	probability	probability	NOUN
cblr-2937	646	58	and	and	CCONJ
cblr-2937	646	59	loss	loss	NOUN
cblr-2937	646	60	given	give	VERB
cblr-2937	646	61	default	default	NOUN
cblr-2937	646	62	,	,	PUNCT
cblr-2937	646	63	such	such	ADJ
cblr-2937	646	64	as	as	ADP
cblr-2937	646	65	risk	risk	NOUN
cblr-2937	646	66	aversion	aversion	NOUN
cblr-2937	646	67	.	.	PUNCT
cblr-2937	647	1	the	the	DET
cblr-2937	647	2	regulator	regulator	NOUN
cblr-2937	647	3	may	may	AUX
cblr-2937	647	4	wish	wish	VERB
cblr-2937	647	5	to	to	PART
cblr-2937	647	6	incorporate	incorporate	VERB
cblr-2937	647	7	a	a	DET
cblr-2937	647	8	"	"	PUNCT
cblr-2937	647	9	pure	pure	ADJ
cblr-2937	647	10	"	"	PUNCT
cblr-2937	647	11	measure	measure	NOUN
cblr-2937	647	12	of	of	ADP
cblr-2937	647	13	credit	credit	NOUN
cblr-2937	647	14	risk	risk	NOUN
cblr-2937	647	15	into	into	ADP
cblr-2937	647	16	its	its	PRON
cblr-2937	647	17	rules	rule	NOUN
cblr-2937	647	18	.	.	PUNCT
cblr-2937	648	1	finally	finally	ADV
cblr-2937	648	2	,	,	PUNCT
cblr-2937	648	3	the	the	DET
cblr-2937	648	4	regulator	regulator	NOUN
cblr-2937	648	5	can	can	AUX
cblr-2937	648	6	rely	rely	VERB
cblr-2937	648	7	on	on	ADP
cblr-2937	648	8	assessment	assessment	NOUN
cblr-2937	648	9	of	of	ADP
cblr-2937	648	10	credit	credit	NOUN
cblr-2937	648	11	risk	risk	NOUN
cblr-2937	648	12	by	by	ADP
cblr-2937	648	13	an	an	DET
cblr-2937	648	14	independent	independent	ADJ
cblr-2937	648	15	third	third	ADJ
cblr-2937	648	16	party	party	NOUN
cblr-2937	648	17	such	such	ADJ
cblr-2937	648	18	as	as	ADP
cblr-2937	648	19	a	a	DET
cblr-2937	648	20	rating	rating	NOUN
cblr-2937	648	21	agency	agency	NOUN
cblr-2937	648	22	.	.	PUNCT
cblr-2937	649	1	although	although	SCONJ
cblr-2937	649	2	that	that	DET
cblr-2937	649	3	approach	approach	NOUN
cblr-2937	649	4	may	may	AUX
cblr-2937	649	5	induce	induce	VERB
cblr-2937	649	6	overreliance	overreliance	NOUN
cblr-2937	649	7	on	on	ADP
cblr-2937	649	8	agency	agency	NOUN
cblr-2937	649	9	ratings	rating	NOUN
cblr-2937	649	10	,	,	PUNCT
cblr-2937	649	11	it	it	PRON
cblr-2937	649	12	may	may	AUX
cblr-2937	649	13	be	be	AUX
cblr-2937	649	14	the	the	DET
cblr-2937	649	15	least	least	ADV
cblr-2937	649	16	bad	bad	ADJ
cblr-2937	649	17	alternative	alternative	NOUN
cblr-2937	649	18	.	.	PUNCT
cblr-2937	649	19	'	'	PUNCT
cblr-2937	650	1	138	138	NUM
cblr-2937	650	2	see	see	VERB
cblr-2937	650	3	john	john	PROPN
cblr-2937	650	4	patrick	patrick	PROPN
cblr-2937	650	5	hunt	hunt	PROPN
cblr-2937	650	6	,	,	PUNCT
cblr-2937	650	7	one	one	NUM
cblr-2937	650	8	cheer	cheer	NOUN
cblr-2937	650	9	for	for	ADP
cblr-2937	650	10	credit	credit	NOUN
cblr-2937	650	11	rating	rating	NOUN
cblr-2937	650	12	agencies	agency	NOUN
cblr-2937	650	13	:	:	PUNCT
cblr-2937	650	14	how	how	SCONJ
cblr-2937	650	15	the	the	DET
cblr-2937	650	16	mark	mark	NOUN
cblr-2937	650	17	-	-	PUNCT
cblr-2937	650	18	to	to	ADP
cblr-2937	650	19	-	-	PUNCT
cblr-2937	650	20	market	market	NOUN
cblr-2937	650	21	accounting	accounting	NOUN
cblr-2937	650	22	debate	debate	NOUN
cblr-2937	650	23	highlights	highlight	VERB
cblr-2937	650	24	the	the	DET
cblr-2937	650	25	case	case	NOUN
cblr-2937	650	26	for	for	ADP
cblr-2937	650	27	ratingdependent	ratingdependent	NOUN
cblr-2937	650	28	capital	capital	NOUN
cblr-2937	650	29	regulation	regulation	NOUN
cblr-2937	650	30	,	,	PUNCT
cblr-2937	650	31	60	60	NUM
cblr-2937	650	32	s.c	s.c	PROPN
cblr-2937	650	33	.	.	PROPN
cblr-2937	650	34	l.	l.	PROPN
cblr-2937	650	35	rev	rev	PROPN
cblr-2937	650	36	.	.	PUNCT
cblr-2937	651	1	(	(	PUNCT
cblr-2937	651	2	forthcoming	forthcoming	ADJ
cblr-2937	651	3	2009	2009	NUM
cblr-2937	651	4	)	)	PUNCT
cblr-2937	651	5	,	,	PUNCT
cblr-2937	651	6	available	available	ADJ
cblr-2937	651	7	at	at	ADP
cblr-2937	651	8	http://papers.ssrn.com/sol3/papers.cfm?abstractid=1331633	http://papers.ssrn.com/sol3/papers.cfm?abstractid=1331633	PROPN
cblr-2937	651	9	.	.	PUNCT
cblr-2937	652	1	139	139	NUM
cblr-2937	652	2	sec	sec	PROPN
cblr-2937	652	3	2008	2008	NUM
cblr-2937	652	4	nrsro	nrsro	ADJ
cblr-2937	652	5	report	report	NOUN
cblr-2937	652	6	,	,	PUNCT
cblr-2937	652	7	supra	supra	PROPN
cblr-2937	652	8	note	note	NOUN
cblr-2937	652	9	4	4	NUM
cblr-2937	652	10	,	,	PUNCT
cblr-2937	652	11	at	at	ADP
cblr-2937	652	12	35	35	NUM
cblr-2937	652	13	.	.	PUNCT
cblr-2937	652	14	140	140	NUM
cblr-2937	652	15	this	this	PRON
cblr-2937	652	16	is	be	AUX
cblr-2937	652	17	the	the	DET
cblr-2937	652	18	approach	approach	NOUN
cblr-2937	652	19	suggested	suggest	VERB
cblr-2937	652	20	by	by	ADP
cblr-2937	652	21	partnoy	partnoy	NOUN
cblr-2937	652	22	in	in	ADP
cblr-2937	652	23	his	his	PRON
cblr-2937	652	24	seminal	seminal	ADJ
cblr-2937	652	25	article	article	NOUN
cblr-2937	652	26	,	,	PUNCT
cblr-2937	652	27	the	the	DET
cblr-2937	652	28	siskel	siskel	NOUN
cblr-2937	652	29	and	and	CCONJ
cblr-2937	652	30	ebert	ebert	NOUN
cblr-2937	652	31	of	of	ADP
cblr-2937	652	32	financial	financial	ADJ
cblr-2937	652	33	markets	market	NOUN
cblr-2937	652	34	?	?	PUNCT
cblr-2937	652	35	,	,	PUNCT
cblr-2937	652	36	see	see	VERB
cblr-2937	652	37	supra	supra	PROPN
cblr-2937	652	38	note	note	PROPN
cblr-2937	652	39	68	68	NUM
cblr-2937	652	40	.	.	NOUN
cblr-2937	652	41	141	141	NUM
cblr-2937	652	42	even	even	ADV
cblr-2937	652	43	so	so	ADV
cblr-2937	652	44	,	,	PUNCT
cblr-2937	652	45	the	the	DET
cblr-2937	652	46	sec	sec	PROPN
cblr-2937	652	47	is	be	AUX
cblr-2937	652	48	to	to	PART
cblr-2937	652	49	be	be	AUX
cblr-2937	652	50	commended	commend	VERB
cblr-2937	652	51	for	for	ADP
cblr-2937	652	52	reconsidering	reconsider	VERB
cblr-2937	652	53	its	its	PRON
cblr-2937	652	54	use	use	NOUN
cblr-2937	652	55	of	of	ADP
cblr-2937	652	56	credit	credit	NOUN
cblr-2937	652	57	ratings	rating	NOUN
cblr-2937	652	58	as	as	ADP
cblr-2937	652	59	proxies	proxy	NOUN
cblr-2937	652	60	for	for	ADP
cblr-2937	652	61	qualities	quality	NOUN
cblr-2937	652	62	other	other	ADJ
cblr-2937	652	63	than	than	ADP
cblr-2937	652	64	creditworthiness	creditworthiness	PROPN
cblr-2937	652	65	,	,	PUNCT
cblr-2937	652	66	such	such	ADJ
cblr-2937	652	67	as	as	ADP
cblr-2937	652	68	liquidity	liquidity	NOUN
cblr-2937	652	69	and	and	CCONJ
cblr-2937	652	70	price	price	NOUN
cblr-2937	652	71	stability	stability	NOUN
cblr-2937	652	72	.	.	PUNCT
cblr-2937	653	1	it	it	PRON
cblr-2937	653	2	should	should	AUX
cblr-2937	653	3	continue	continue	VERB
cblr-2937	653	4	(	(	PUNCT
cblr-2937	653	5	or	or	CCONJ
cblr-2937	653	6	resume	resume	VERB
cblr-2937	653	7	)	)	PUNCT
cblr-2937	653	8	consideration	consideration	NOUN
cblr-2937	653	9	of	of	ADP
cblr-2937	653	10	this	this	DET
cblr-2937	653	11	alternative	alternative	NOUN
cblr-2937	653	12	.	.	PUNCT
cblr-2937	654	1	col	col	PROPN
cblr-2937	654	2	umbia	umbia	PROPN
cblr-2937	654	3	business	business	PROPN
cblr-2937	654	4	la	la	PROPN
cblr-2937	654	5	w	w	PROPN
cblr-2937	654	6	re	re	VERB
cblr-2937	654	7	view	view	NOUN
cblr-2937	654	8	[	[	X
cblr-2937	654	9	vol	vol	NOUN
cblr-2937	654	10	.	.	PUNCT
cblr-2937	654	11	2009	2009	NUM
cblr-2937	654	12	in	in	ADP
cblr-2937	654	13	any	any	DET
cblr-2937	654	14	event	event	NOUN
cblr-2937	654	15	,	,	PUNCT
cblr-2937	654	16	rating	rating	NOUN
cblr-2937	654	17	-	-	PUNCT
cblr-2937	654	18	dependent	dependent	ADJ
cblr-2937	654	19	regulation	regulation	NOUN
cblr-2937	654	20	does	do	AUX
cblr-2937	654	21	not	not	PART
cblr-2937	654	22	face	face	VERB
cblr-2937	654	23	imminent	imminent	ADJ
cblr-2937	654	24	demise	demise	NOUN
cblr-2937	654	25	.	.	PUNCT
cblr-2937	655	1	the	the	DET
cblr-2937	655	2	sec	sec	PROPN
cblr-2937	655	3	's	's	PART
cblr-2937	655	4	proposal	proposal	NOUN
cblr-2937	655	5	,	,	PUNCT
cblr-2937	655	6	as	as	SCONJ
cblr-2937	655	7	explained	explain	VERB
cblr-2937	655	8	,	,	PUNCT
cblr-2937	655	9	only	only	ADV
cblr-2937	655	10	reduces	reduce	VERB
cblr-2937	655	11	and	and	CCONJ
cblr-2937	655	12	does	do	AUX
cblr-2937	655	13	not	not	PART
cblr-2937	655	14	eliminate	eliminate	VERB
cblr-2937	655	15	reliance	reliance	NOUN
cblr-2937	655	16	on	on	ADP
cblr-2937	655	17	credit	credit	NOUN
cblr-2937	655	18	ratings	rating	NOUN
cblr-2937	655	19	.	.	PUNCT
cblr-2937	656	1	to	to	ADP
cblr-2937	656	2	the	the	DET
cblr-2937	656	3	best	good	ADJ
cblr-2937	656	4	of	of	ADP
cblr-2937	656	5	the	the	DET
cblr-2937	656	6	author	author	NOUN
cblr-2937	656	7	's	's	PART
cblr-2937	656	8	knowledge	knowledge	NOUN
cblr-2937	656	9	,	,	PUNCT
cblr-2937	656	10	no	no	DET
cblr-2937	656	11	other	other	ADJ
cblr-2937	656	12	authority	authority	NOUN
cblr-2937	656	13	that	that	PRON
cblr-2937	656	14	uses	use	VERB
cblr-2937	656	15	rating	rating	NOUN
cblr-2937	656	16	-	-	PUNCT
cblr-2937	656	17	dependent	dependent	ADJ
cblr-2937	656	18	regulation	regulation	NOUN
cblr-2937	656	19	has	have	AUX
cblr-2937	656	20	introduced	introduce	VERB
cblr-2937	656	21	an	an	DET
cblr-2937	656	22	analogous	analogous	ADJ
cblr-2937	656	23	proposal	proposal	NOUN
cblr-2937	656	24	.	.	PUNCT
cblr-2937	657	1	moreover	moreover	ADV
cblr-2937	657	2	,	,	PUNCT
cblr-2937	657	3	ratings	rating	NOUN
cblr-2937	657	4	are	be	AUX
cblr-2937	657	5	hard	hard	ADV
cblr-2937	657	6	-	-	PUNCT
cblr-2937	657	7	wired	wire	VERB
cblr-2937	657	8	into	into	ADP
cblr-2937	657	9	the	the	DET
cblr-2937	657	10	financial	financial	ADJ
cblr-2937	657	11	infrastructure	infrastructure	NOUN
cblr-2937	657	12	because	because	SCONJ
cblr-2937	657	13	they	they	PRON
cblr-2937	657	14	are	be	AUX
cblr-2937	657	15	important	important	ADJ
cblr-2937	657	16	in	in	ADP
cblr-2937	657	17	private	private	ADJ
cblr-2937	657	18	arrangements	arrangement	NOUN
cblr-2937	657	19	,	,	PUNCT
cblr-2937	657	20	not	not	PART
cblr-2937	657	21	just	just	ADV
cblr-2937	657	22	in	in	ADP
cblr-2937	657	23	regulation	regulation	NOUN
cblr-2937	657	24	.	.	PUNCT
cblr-2937	658	1	covenants	covenant	NOUN
cblr-2937	658	2	for	for	ADP
cblr-2937	658	3	actively	actively	ADV
cblr-2937	658	4	managed	manage	VERB
cblr-2937	658	5	cdos	cdo	NOUN
cblr-2937	658	6	establish	establish	VERB
cblr-2937	658	7	minimum	minimum	ADJ
cblr-2937	658	8	weighted	weight	VERB
cblr-2937	658	9	average	average	ADJ
cblr-2937	658	10	rating	rating	NOUN
cblr-2937	658	11	requirements	requirement	NOUN
cblr-2937	658	12	and	and	CCONJ
cblr-2937	658	13	limit	limit	VERB
cblr-2937	658	14	the	the	DET
cblr-2937	658	15	fraction	fraction	NOUN
cblr-2937	658	16	of	of	ADP
cblr-2937	658	17	securities	security	NOUN
cblr-2937	658	18	with	with	ADP
cblr-2937	658	19	a	a	DET
cblr-2937	658	20	low	low	ADJ
cblr-2937	658	21	rating	rating	NOUN
cblr-2937	658	22	in	in	ADP
cblr-2937	658	23	the	the	DET
cblr-2937	658	24	vehicle	vehicle	NOUN
cblr-2937	658	25	's	's	PART
cblr-2937	658	26	portfolio	portfolio	NOUN
cblr-2937	658	27	.	.	PUNCT
cblr-2937	658	28	'	'	PUNCT
cblr-2937	659	1	ratings	rating	NOUN
cblr-2937	659	2	are	be	AUX
cblr-2937	659	3	frequently	frequently	ADV
cblr-2937	659	4	used	use	VERB
cblr-2937	659	5	by	by	ADP
cblr-2937	659	6	investors	investor	NOUN
cblr-2937	659	7	other	other	ADJ
cblr-2937	659	8	than	than	ADP
cblr-2937	659	9	erisa	erisa	NOUN
cblr-2937	659	10	fiduciaries	fiduciary	NOUN
cblr-2937	659	11	as	as	ADP
cblr-2937	659	12	investment	investment	NOUN
cblr-2937	659	13	guidelines.4	guidelines.4	PROPN
cblr-2937	659	14	moreover	moreover	ADV
cblr-2937	659	15	,	,	PUNCT
cblr-2937	659	16	many	many	ADJ
cblr-2937	659	17	other	other	ADJ
cblr-2937	659	18	private	private	ADJ
cblr-2937	659	19	contracts	contract	NOUN
cblr-2937	659	20	,	,	PUNCT
cblr-2937	659	21	including	include	VERB
cblr-2937	659	22	bond	bond	NOUN
cblr-2937	659	23	indentures	indenture	NOUN
cblr-2937	659	24	,	,	PUNCT
cblr-2937	659	25	contain	contain	VERB
cblr-2937	659	26	"	"	PUNCT
cblr-2937	659	27	rating	rating	NOUN
cblr-2937	659	28	triggers	trigger	NOUN
cblr-2937	659	29	,	,	PUNCT
cblr-2937	659	30	"	"	PUNCT
cblr-2937	659	31	under	under	ADP
cblr-2937	659	32	which	which	PRON
cblr-2937	659	33	a	a	DET
cblr-2937	659	34	rating	rating	NOUN
cblr-2937	659	35	downgrade	downgrade	NOUN
cblr-2937	659	36	below	below	ADP
cblr-2937	659	37	a	a	DET
cblr-2937	659	38	particular	particular	ADJ
cblr-2937	659	39	level	level	NOUN
cblr-2937	659	40	is	be	AUX
cblr-2937	659	41	a	a	DET
cblr-2937	659	42	technical	technical	ADJ
cblr-2937	659	43	default	default	NOUN
cblr-2937	659	44	.	.	PUNCT
cblr-2937	660	1	at	at	ADP
cblr-2937	660	2	least	least	ADJ
cblr-2937	660	3	for	for	ADP
cblr-2937	660	4	the	the	DET
cblr-2937	660	5	medium	medium	ADJ
cblr-2937	660	6	term	term	NOUN
cblr-2937	660	7	,	,	PUNCT
cblr-2937	660	8	it	it	PRON
cblr-2937	660	9	seems	seem	VERB
cblr-2937	660	10	most	most	ADV
cblr-2937	660	11	unlikely	unlikely	ADJ
cblr-2937	660	12	that	that	SCONJ
cblr-2937	660	13	these	these	DET
cblr-2937	660	14	uses	use	NOUN
cblr-2937	660	15	of	of	ADP
cblr-2937	660	16	credit	credit	NOUN
cblr-2937	660	17	ratings	rating	NOUN
cblr-2937	660	18	will	will	AUX
cblr-2937	660	19	wither	wither	VERB
cblr-2937	660	20	away	away	ADV
cblr-2937	660	21	.	.	PUNCT
cblr-2937	661	1	credit	credit	NOUN
cblr-2937	661	2	ratings	rating	NOUN
cblr-2937	661	3	will	will	AUX
cblr-2937	661	4	continue	continue	VERB
cblr-2937	661	5	to	to	PART
cblr-2937	661	6	have	have	VERB
cblr-2937	661	7	value	value	NOUN
cblr-2937	661	8	derived	derive	VERB
cblr-2937	661	9	from	from	ADP
cblr-2937	661	10	a	a	DET
cblr-2937	661	11	source	source	NOUN
cblr-2937	661	12	other	other	ADJ
cblr-2937	661	13	than	than	ADP
cblr-2937	661	14	the	the	DET
cblr-2937	661	15	quality	quality	NOUN
cblr-2937	661	16	of	of	ADP
cblr-2937	661	17	their	their	PRON
cblr-2937	661	18	assessment	assessment	NOUN
cblr-2937	661	19	of	of	ADP
cblr-2937	661	20	credit	credit	NOUN
cblr-2937	661	21	risk	risk	NOUN
cblr-2937	661	22	.	.	PUNCT
cblr-2937	661	23	'	'	PUNCT
cblr-2937	662	1	this	this	PRON
cblr-2937	662	2	means	mean	VERB
cblr-2937	662	3	both	both	PRON
cblr-2937	662	4	that	that	SCONJ
cblr-2937	662	5	the	the	DET
cblr-2937	662	6	quality	quality	NOUN
cblr-2937	662	7	of	of	ADP
cblr-2937	662	8	credit	credit	NOUN
cblr-2937	662	9	ratings	rating	NOUN
cblr-2937	662	10	is	be	AUX
cblr-2937	662	11	likely	likely	ADJ
cblr-2937	662	12	to	to	PART
cblr-2937	662	13	remain	remain	VERB
cblr-2937	662	14	a	a	DET
cblr-2937	662	15	critically	critically	ADV
cblr-2937	662	16	important	important	ADJ
cblr-2937	662	17	issue	issue	NOUN
cblr-2937	662	18	,	,	PUNCT
cblr-2937	662	19	and	and	CCONJ
cblr-2937	662	20	that	that	SCONJ
cblr-2937	662	21	market	market	NOUN
cblr-2937	662	22	incentives	incentive	VERB
cblr-2937	662	23	to	to	PART
cblr-2937	662	24	produce	produce	VERB
cblr-2937	662	25	highquality	highquality	NOUN
cblr-2937	662	26	ratings	rating	NOUN
cblr-2937	662	27	may	may	AUX
cblr-2937	662	28	continue	continue	VERB
cblr-2937	662	29	to	to	PART
cblr-2937	662	30	be	be	AUX
cblr-2937	662	31	blunted	blunt	VERB
cblr-2937	662	32	.	.	PUNCT
cblr-2937	663	1	regardless	regardless	ADV
cblr-2937	663	2	of	of	ADP
cblr-2937	663	3	its	its	PRON
cblr-2937	663	4	prospects	prospect	NOUN
cblr-2937	663	5	for	for	ADP
cblr-2937	663	6	making	make	VERB
cblr-2937	663	7	a	a	DET
cblr-2937	663	8	major	major	ADJ
cblr-2937	663	9	difference	difference	NOUN
cblr-2937	663	10	in	in	ADP
cblr-2937	663	11	rating	rating	NOUN
cblr-2937	663	12	quality	quality	NOUN
cblr-2937	663	13	,	,	PUNCT
cblr-2937	663	14	the	the	DET
cblr-2937	663	15	sec	sec	PROPN
cblr-2937	663	16	's	's	PART
cblr-2937	663	17	initiative	initiative	NOUN
cblr-2937	663	18	to	to	PART
cblr-2937	663	19	reduce	reduce	VERB
cblr-2937	663	20	regulatory	regulatory	ADJ
cblr-2937	663	21	dependence	dependence	NOUN
cblr-2937	663	22	on	on	ADP
cblr-2937	663	23	ratings	rating	NOUN
cblr-2937	663	24	reflects	reflect	VERB
cblr-2937	663	25	an	an	DET
cblr-2937	663	26	effort	effort	NOUN
cblr-2937	663	27	to	to	PART
cblr-2937	663	28	improve	improve	VERB
cblr-2937	663	29	the	the	DET
cblr-2937	663	30	reputation	reputation	NOUN
cblr-2937	663	31	mechanism	mechanism	NOUN
cblr-2937	663	32	by	by	ADP
cblr-2937	663	33	reducing	reduce	VERB
cblr-2937	663	34	a	a	DET
cblr-2937	663	35	non	non	ADJ
cblr-2937	663	36	-	-	ADJ
cblr-2937	663	37	quality	quality	ADJ
cblr-2937	663	38	-	-	PUNCT
cblr-2937	663	39	dependent	dependent	ADJ
cblr-2937	663	40	source	source	NOUN
cblr-2937	663	41	of	of	ADP
cblr-2937	663	42	demand	demand	NOUN
cblr-2937	663	43	for	for	ADP
cblr-2937	663	44	ratings	rating	NOUN
cblr-2937	663	45	.	.	PUNCT
cblr-2937	664	1	142	142	NUM
cblr-2937	664	2	ashcraft	ashcraft	PROPN
cblr-2937	664	3	&	&	CCONJ
cblr-2937	664	4	scheuermann	scheuermann	PROPN
cblr-2937	664	5	,	,	PUNCT
cblr-2937	664	6	supra	supra	PROPN
cblr-2937	664	7	note	note	PROPN
cblr-2937	664	8	24	24	NUM
cblr-2937	664	9	,	,	PUNCT
cblr-2937	664	10	at	at	ADP
cblr-2937	664	11	10	10	NUM
cblr-2937	664	12	.	.	PUNCT
cblr-2937	664	13	14	14	NUM
cblr-2937	664	14	'	'	PART
cblr-2937	664	15	hill	hill	NOUN
cblr-2937	664	16	,	,	PUNCT
cblr-2937	664	17	supra	supra	PROPN
cblr-2937	664	18	note	note	PROPN
cblr-2937	664	19	12	12	NUM
cblr-2937	664	20	,	,	PUNCT
cblr-2937	664	21	at	at	ADP
cblr-2937	664	22	53	53	NUM
cblr-2937	664	23	(	(	PUNCT
cblr-2937	664	24	"	"	PUNCT
cblr-2937	664	25	certain	certain	ADJ
cblr-2937	664	26	types	type	NOUN
cblr-2937	664	27	of	of	ADP
cblr-2937	664	28	investors	investor	NOUN
cblr-2937	664	29	are	be	AUX
cblr-2937	664	30	required	require	VERB
cblr-2937	664	31	to	to	PART
cblr-2937	664	32	invest	invest	VERB
cblr-2937	664	33	all	all	DET
cblr-2937	664	34	or	or	CCONJ
cblr-2937	664	35	some	some	PRON
cblr-2937	664	36	proportion	proportion	NOUN
cblr-2937	664	37	of	of	ADP
cblr-2937	664	38	their	their	PRON
cblr-2937	664	39	funds	fund	NOUN
cblr-2937	664	40	in	in	ADP
cblr-2937	664	41	investment	investment	NOUN
cblr-2937	664	42	-	-	PUNCT
cblr-2937	664	43	grade	grade	NOUN
cblr-2937	664	44	debt	debt	NOUN
cblr-2937	664	45	.	.	PUNCT
cblr-2937	664	46	"	"	PUNCT
cblr-2937	664	47	)	)	PUNCT
cblr-2937	664	48	.	.	PUNCT
cblr-2937	665	1	141	141	NUM
cblr-2937	665	2	see	see	VERB
cblr-2937	665	3	partnoy	partnoy	ADJ
cblr-2937	665	4	,	,	PUNCT
cblr-2937	665	5	supra	supra	ADJ
cblr-2937	665	6	note	note	NOUN
cblr-2937	665	7	68	68	NUM
cblr-2937	665	8	,	,	PUNCT
cblr-2937	665	9	at	at	ADP
cblr-2937	665	10	681	681	NUM
cblr-2937	665	11	-	-	SYM
cblr-2937	665	12	82	82	NUM
cblr-2937	665	13	.	.	PUNCT
cblr-2937	666	1	a	a	DET
cblr-2937	666	2	1973	1973	NUM
cblr-2937	666	3	article	article	NOUN
cblr-2937	666	4	made	make	VERB
cblr-2937	666	5	the	the	DET
cblr-2937	666	6	fundamental	fundamental	ADJ
cblr-2937	666	7	point	point	NOUN
cblr-2937	666	8	underlying	underlie	VERB
cblr-2937	666	9	the	the	DET
cblr-2937	666	10	argument	argument	NOUN
cblr-2937	666	11	:	:	PUNCT
cblr-2937	666	12	"	"	PUNCT
cblr-2937	666	13	[	[	X
cblr-2937	666	14	tihe	tihe	ADJ
cblr-2937	666	15	evidence	evidence	NOUN
cblr-2937	666	16	would	would	AUX
cblr-2937	666	17	seem	seem	VERB
cblr-2937	666	18	to	to	PART
cblr-2937	666	19	support	support	VERB
cblr-2937	666	20	the	the	DET
cblr-2937	666	21	hypothesis	hypothesis	NOUN
cblr-2937	666	22	that	that	PRON
cblr-2937	666	23	the	the	DET
cblr-2937	666	24	primary	primary	ADJ
cblr-2937	666	25	reason	reason	NOUN
cblr-2937	666	26	for	for	ADP
cblr-2937	666	27	the	the	DET
cblr-2937	666	28	nexus	nexus	NOUN
cblr-2937	666	29	between	between	ADP
cblr-2937	666	30	ratings	rating	NOUN
cblr-2937	666	31	and	and	CCONJ
cblr-2937	666	32	yields	yield	NOUN
cblr-2937	666	33	is	be	AUX
cblr-2937	666	34	the	the	DET
cblr-2937	666	35	use	use	NOUN
cblr-2937	666	36	of	of	ADP
cblr-2937	666	37	the	the	DET
cblr-2937	666	38	former	former	ADJ
cblr-2937	666	39	as	as	ADP
cblr-2937	666	40	a	a	DET
cblr-2937	666	41	tool	tool	NOUN
cblr-2937	666	42	of	of	ADP
cblr-2937	666	43	financial	financial	ADJ
cblr-2937	666	44	regulation	regulation	NOUN
cblr-2937	666	45	.	.	PUNCT
cblr-2937	666	46	"	"	PUNCT
cblr-2937	667	1	richard	richard	PROPN
cblr-2937	667	2	r.	r.	PROPN
cblr-2937	667	3	west	west	PROPN
cblr-2937	667	4	,	,	PUNCT
cblr-2937	667	5	bond	bond	NOUN
cblr-2937	667	6	ratings	rating	NOUN
cblr-2937	667	7	,	,	PUNCT
cblr-2937	667	8	bond	bond	NOUN
cblr-2937	667	9	yields	yield	NOUN
cblr-2937	667	10	,	,	PUNCT
cblr-2937	667	11	and	and	CCONJ
cblr-2937	667	12	financial	financial	ADJ
cblr-2937	667	13	regulation	regulation	NOUN
cblr-2937	667	14	:	:	PUNCT
cblr-2937	667	15	some	some	DET
cblr-2937	667	16	findings	finding	NOUN
cblr-2937	667	17	,	,	PUNCT
cblr-2937	667	18	16	16	NUM
cblr-2937	667	19	j.l	j.l	PROPN
cblr-2937	667	20	.	.	PROPN
cblr-2937	667	21	&	&	CCONJ
cblr-2937	667	22	econ	econ	PROPN
cblr-2937	667	23	.	.	PROPN
cblr-2937	667	24	159	159	NUM
cblr-2937	667	25	,	,	PUNCT
cblr-2937	667	26	168	168	NUM
cblr-2937	667	27	(	(	PUNCT
cblr-2937	667	28	1973	1973	NUM
cblr-2937	667	29	)	)	PUNCT
cblr-2937	667	30	.	.	PUNCT
cblr-2937	668	1	if	if	SCONJ
cblr-2937	668	2	ratings	rating	NOUN
cblr-2937	668	3	affect	affect	VERB
cblr-2937	668	4	yields	yield	NOUN
cblr-2937	668	5	(	(	PUNCT
cblr-2937	668	6	cost	cost	NOUN
cblr-2937	668	7	of	of	ADP
cblr-2937	668	8	capital	capital	NOUN
cblr-2937	668	9	to	to	ADP
cblr-2937	668	10	issuers	issuer	NOUN
cblr-2937	668	11	)	)	PUNCT
cblr-2937	668	12	because	because	SCONJ
cblr-2937	668	13	of	of	ADP
cblr-2937	668	14	regulation	regulation	NOUN
cblr-2937	668	15	,	,	PUNCT
cblr-2937	668	16	then	then	ADV
cblr-2937	668	17	regulation	regulation	NOUN
cblr-2937	668	18	provides	provide	VERB
cblr-2937	668	19	ratings	rating	NOUN
cblr-2937	668	20	with	with	ADP
cblr-2937	668	21	some	some	DET
cblr-2937	668	22	value	value	NOUN
cblr-2937	668	23	to	to	ADP
cblr-2937	668	24	issuers	issuer	NOUN
cblr-2937	668	25	.	.	PUNCT
cblr-2937	669	1	credit	credit	NOUN
cblr-2937	669	2	ra	ra	PROPN
cblr-2937	669	3	ting	ting	PROPN
cblr-2937	669	4	agenciesno	agenciesno	PROPN
cblr-2937	669	5	.	.	PUNCT
cblr-2937	670	1	1	1	NUM
cblr-2937	670	2	:	:	SYM
cblr-2937	670	3	1091	1091	NUM
cblr-2937	670	4	4	4	NUM
cblr-2937	670	5	.	.	PUNCT
cblr-2937	671	1	conflicts	conflict	NOUN
cblr-2937	671	2	of	of	ADP
cblr-2937	671	3	interest	interest	NOUN
cblr-2937	671	4	rating	rating	NOUN
cblr-2937	671	5	agencies	agency	NOUN
cblr-2937	671	6	face	face	VERB
cblr-2937	671	7	a	a	DET
cblr-2937	671	8	number	number	NOUN
cblr-2937	671	9	of	of	ADP
cblr-2937	671	10	potential	potential	ADJ
cblr-2937	671	11	conflicts	conflict	NOUN
cblr-2937	671	12	of	of	ADP
cblr-2937	671	13	interest	interest	NOUN
cblr-2937	671	14	,	,	PUNCT
cblr-2937	671	15	the	the	DET
cblr-2937	671	16	most	most	ADV
cblr-2937	671	17	obvious	obvious	ADJ
cblr-2937	671	18	of	of	ADP
cblr-2937	671	19	which	which	PRON
cblr-2937	671	20	arises	arise	VERB
cblr-2937	671	21	at	at	ADP
cblr-2937	671	22	the	the	DET
cblr-2937	671	23	firm	firm	ADJ
cblr-2937	671	24	level	level	NOUN
cblr-2937	671	25	and	and	CCONJ
cblr-2937	671	26	comes	come	VERB
cblr-2937	671	27	from	from	ADP
cblr-2937	671	28	the	the	DET
cblr-2937	671	29	fact	fact	NOUN
cblr-2937	671	30	that	that	SCONJ
cblr-2937	671	31	the	the	DET
cblr-2937	671	32	agencies	agency	NOUN
cblr-2937	671	33	are	be	AUX
cblr-2937	671	34	paid	pay	VERB
cblr-2937	671	35	by	by	ADP
cblr-2937	671	36	the	the	DET
cblr-2937	671	37	issuers	issuer	NOUN
cblr-2937	671	38	or	or	CCONJ
cblr-2937	671	39	originators	originator	NOUN
cblr-2937	671	40	of	of	ADP
cblr-2937	671	41	the	the	DET
cblr-2937	671	42	products	product	NOUN
cblr-2937	671	43	they	they	PRON
cblr-2937	671	44	are	be	AUX
cblr-2937	671	45	rating.14	rating.14	NOUN
cblr-2937	671	46	1	1	NUM
cblr-2937	671	47	rating	rating	NOUN
cblr-2937	671	48	agencies	agency	NOUN
cblr-2937	671	49	and	and	CCONJ
cblr-2937	671	50	others	other	NOUN
cblr-2937	671	51	argue	argue	VERB
cblr-2937	671	52	that	that	SCONJ
cblr-2937	671	53	this	this	PRON
cblr-2937	671	54	is	be	AUX
cblr-2937	671	55	not	not	PART
cblr-2937	671	56	a	a	DET
cblr-2937	671	57	problem	problem	NOUN
cblr-2937	671	58	with	with	ADP
cblr-2937	671	59	respect	respect	NOUN
cblr-2937	671	60	to	to	ADP
cblr-2937	671	61	traditional	traditional	ADJ
cblr-2937	671	62	instruments	instrument	NOUN
cblr-2937	671	63	because	because	SCONJ
cblr-2937	671	64	the	the	DET
cblr-2937	671	65	rating	rating	NOUN
cblr-2937	671	66	agencies	agency	NOUN
cblr-2937	671	67	have	have	VERB
cblr-2937	671	68	far	far	ADV
cblr-2937	671	69	more	more	ADJ
cblr-2937	671	70	to	to	PART
cblr-2937	671	71	lose	lose	VERB
cblr-2937	671	72	by	by	ADP
cblr-2937	671	73	imperiling	imperil	VERB
cblr-2937	671	74	their	their	PRON
cblr-2937	671	75	reputation	reputation	NOUN
cblr-2937	671	76	for	for	ADP
cblr-2937	671	77	objectivity	objectivity	NOUN
cblr-2937	671	78	than	than	SCONJ
cblr-2937	671	79	they	they	PRON
cblr-2937	671	80	have	have	VERB
cblr-2937	671	81	to	to	PART
cblr-2937	671	82	gain	gain	VERB
cblr-2937	671	83	by	by	ADP
cblr-2937	671	84	pleasing	please	VERB
cblr-2937	671	85	any	any	DET
cblr-2937	671	86	single	single	ADJ
cblr-2937	671	87	client	client	NOUN
cblr-2937	671	88	.	.	PUNCT
cblr-2937	672	1	as	as	SCONJ
cblr-2937	672	2	explained	explain	VERB
cblr-2937	672	3	above	above	ADV
cblr-2937	672	4	,	,	PUNCT
cblr-2937	672	5	this	this	DET
cblr-2937	672	6	argument	argument	NOUN
cblr-2937	672	7	has	have	VERB
cblr-2937	672	8	less	less	ADJ
cblr-2937	672	9	force	force	NOUN
cblr-2937	672	10	for	for	ADP
cblr-2937	672	11	structured	structure	VERB
cblr-2937	672	12	-	-	PUNCT
cblr-2937	672	13	finance	finance	NOUN
cblr-2937	672	14	products	product	NOUN
cblr-2937	672	15	,	,	PUNCT
cblr-2937	672	16	where	where	SCONJ
cblr-2937	672	17	the	the	DET
cblr-2937	672	18	market	market	NOUN
cblr-2937	672	19	is	be	AUX
cblr-2937	672	20	dominated	dominate	VERB
cblr-2937	672	21	by	by	ADP
cblr-2937	672	22	just	just	ADV
cblr-2937	672	23	a	a	DET
cblr-2937	672	24	few	few	ADJ
cblr-2937	672	25	participants	participant	NOUN
cblr-2937	672	26	that	that	PRON
cblr-2937	672	27	arrange	arrange	NOUN
cblr-2937	672	28	issues	issue	NOUN
cblr-2937	672	29	.	.	PUNCT
cblr-2937	673	1	46	46	NUM
cblr-2937	673	2	other	other	ADJ
cblr-2937	673	3	areas	area	NOUN
cblr-2937	673	4	of	of	ADP
cblr-2937	673	5	conflict	conflict	NOUN
cblr-2937	673	6	arise	arise	NOUN
cblr-2937	673	7	at	at	ADP
cblr-2937	673	8	the	the	DET
cblr-2937	673	9	level	level	NOUN
cblr-2937	673	10	of	of	ADP
cblr-2937	673	11	the	the	DET
cblr-2937	673	12	individual	individual	ADJ
cblr-2937	673	13	person	person	NOUN
cblr-2937	673	14	and	and	CCONJ
cblr-2937	673	15	come	come	VERB
cblr-2937	673	16	from	from	ADP
cblr-2937	673	17	the	the	DET
cblr-2937	673	18	fact	fact	NOUN
cblr-2937	673	19	that	that	SCONJ
cblr-2937	673	20	rating	rating	NOUN
cblr-2937	673	21	agency	agency	NOUN
cblr-2937	673	22	analysts	analyst	NOUN
cblr-2937	673	23	may	may	AUX
cblr-2937	673	24	wish	wish	VERB
cblr-2937	673	25	to	to	PART
cblr-2937	673	26	move	move	VERB
cblr-2937	673	27	to	to	ADP
cblr-2937	673	28	more	more	ADJ
cblr-2937	673	29	lucrative	lucrative	ADJ
cblr-2937	673	30	jobs	job	NOUN
cblr-2937	673	31	-	-	PUNCT
cblr-2937	673	32	for	for	ADP
cblr-2937	673	33	example	example	NOUN
cblr-2937	673	34	at	at	ADP
cblr-2937	673	35	investment	investment	NOUN
cblr-2937	673	36	banks	bank	NOUN
cblr-2937	673	37	that	that	PRON
cblr-2937	673	38	arrange	arrange	VERB
cblr-2937	673	39	structured	structured	ADJ
cblr-2937	673	40	products	product	NOUN
cblr-2937	673	41	-	-	PUNCT
cblr-2937	673	42	and	and	CCONJ
cblr-2937	673	43	from	from	ADP
cblr-2937	673	44	the	the	DET
cblr-2937	673	45	fact	fact	NOUN
cblr-2937	673	46	that	that	SCONJ
cblr-2937	673	47	rating	rating	NOUN
cblr-2937	673	48	agency	agency	NOUN
cblr-2937	673	49	executives	executive	NOUN
cblr-2937	673	50	are	be	AUX
cblr-2937	673	51	compensated	compensate	VERB
cblr-2937	673	52	in	in	ADP
cblr-2937	673	53	part	part	NOUN
cblr-2937	673	54	with	with	ADP
cblr-2937	673	55	stock	stock	NOUN
cblr-2937	673	56	options	option	NOUN
cblr-2937	673	57	.	.	PUNCT
cblr-2937	674	1	'47	'47	NUM
cblr-2937	674	2	option	option	NOUN
cblr-2937	674	3	-	-	PUNCT
cblr-2937	674	4	based	base	VERB
cblr-2937	674	5	compensation	compensation	NOUN
cblr-2937	674	6	"	"	PUNCT
cblr-2937	674	7	'	'	PUNCT
cblr-2937	674	8	moody	moody	PROPN
cblr-2937	674	9	's	's	PART
cblr-2937	674	10	corp	corp	PROPN
cblr-2937	674	11	.	.	PROPN
cblr-2937	674	12	,	,	PUNCT
cblr-2937	674	13	supra	supra	PROPN
cblr-2937	674	14	note	note	PROPN
cblr-2937	674	15	1	1	NUM
cblr-2937	674	16	,	,	PUNCT
cblr-2937	674	17	at	at	ADP
cblr-2937	674	18	3	3	NUM
cblr-2937	674	19	(	(	PUNCT
cblr-2937	674	20	"	"	PUNCT
cblr-2937	674	21	rating	rating	NOUN
cblr-2937	674	22	fees	fee	NOUN
cblr-2937	674	23	paid	pay	VERB
cblr-2937	674	24	by	by	ADP
cblr-2937	674	25	debt	debt	NOUN
cblr-2937	674	26	issuers	issuer	NOUN
cblr-2937	674	27	account	account	VERB
cblr-2937	674	28	for	for	ADP
cblr-2937	674	29	most	most	ADJ
cblr-2937	674	30	of	of	ADP
cblr-2937	674	31	the	the	DET
cblr-2937	674	32	revenue	revenue	NOUN
cblr-2937	674	33	of	of	ADP
cblr-2937	674	34	moody	moody	PROPN
cblr-2937	674	35	's	's	PART
cblr-2937	674	36	investors	investor	NOUN
cblr-2937	674	37	service	service	NOUN
cblr-2937	674	38	.	.	PUNCT
cblr-2937	674	39	"	"	PUNCT
cblr-2937	674	40	)	)	PUNCT
cblr-2937	674	41	;	;	PUNCT
cblr-2937	674	42	senate	senate	PROPN
cblr-2937	674	43	cra	cra	PROPN
cblr-2937	674	44	oversight	oversight	NOUN
cblr-2937	674	45	hearings	hearing	NOUN
cblr-2937	674	46	,	,	PUNCT
cblr-2937	674	47	supra	supra	PROPN
cblr-2937	674	48	note	note	PROPN
cblr-2937	674	49	62	62	NUM
cblr-2937	674	50	,	,	PUNCT
cblr-2937	674	51	at	at	ADP
cblr-2937	674	52	10	10	NUM
cblr-2937	674	53	(	(	PUNCT
cblr-2937	674	54	prepared	prepared	ADJ
cblr-2937	674	55	testimony	testimony	NOUN
cblr-2937	674	56	of	of	ADP
cblr-2937	674	57	vickie	vickie	PROPN
cblr-2937	674	58	a.	a.	PROPN
cblr-2937	674	59	tillman	tillman	PROPN
cblr-2937	674	60	,	,	PUNCT
cblr-2937	674	61	executive	executive	ADJ
cblr-2937	674	62	vice	vice	NOUN
cblr-2937	674	63	president	president	NOUN
cblr-2937	674	64	,	,	PUNCT
cblr-2937	674	65	s&p	s&p	PROPN
cblr-2937	674	66	)	)	PUNCT
cblr-2937	674	67	(	(	PUNCT
cblr-2937	674	68	"	"	PUNCT
cblr-2937	674	69	the	the	DET
cblr-2937	674	70	market	market	NOUN
cblr-2937	674	71	has	have	AUX
cblr-2937	674	72	accepted	accept	VERB
cblr-2937	674	73	the	the	DET
cblr-2937	674	74	long	long	ADV
cblr-2937	674	75	-	-	PUNCT
cblr-2937	674	76	standing	stand	VERB
cblr-2937	674	77	,	,	PUNCT
cblr-2937	674	78	global	global	ADJ
cblr-2937	674	79	practices	practice	NOUN
cblr-2937	674	80	of	of	ADP
cblr-2937	674	81	s&p	s&p	PROPN
cblr-2937	674	82	and	and	CCONJ
cblr-2937	674	83	others	other	NOUN
cblr-2937	674	84	to	to	PART
cblr-2937	674	85	charge	charge	VERB
cblr-2937	674	86	issuers	issuer	NOUN
cblr-2937	674	87	or	or	CCONJ
cblr-2937	674	88	the[ir	the[ir	PROPN
cblr-2937	674	89	]	]	PUNCT
cblr-2937	674	90	agents	agent	NOUN
cblr-2937	674	91	rating	rating	NOUN
cblr-2937	674	92	fees	fee	NOUN
cblr-2937	674	93	.	.	PUNCT
cblr-2937	674	94	"	"	PUNCT
cblr-2937	674	95	)	)	PUNCT
cblr-2937	674	96	.	.	PUNCT
cblr-2937	675	1	commentators	commentator	NOUN
cblr-2937	675	2	often	often	ADV
cblr-2937	675	3	suggest	suggest	VERB
cblr-2937	675	4	that	that	SCONJ
cblr-2937	675	5	major	major	ADJ
cblr-2937	675	6	rating	rating	NOUN
cblr-2937	675	7	agencies	agency	NOUN
cblr-2937	675	8	made	make	VERB
cblr-2937	675	9	the	the	DET
cblr-2937	675	10	transition	transition	NOUN
cblr-2937	675	11	from	from	ADP
cblr-2937	675	12	a	a	DET
cblr-2937	675	13	subscriber	subscriber	NOUN
cblr-2937	675	14	-	-	PUNCT
cblr-2937	675	15	pays	pay	NOUN
cblr-2937	675	16	to	to	ADP
cblr-2937	675	17	an	an	DET
cblr-2937	675	18	issuer	issuer	NOUN
cblr-2937	675	19	-	-	PUNCT
cblr-2937	675	20	pays	pay	NOUN
cblr-2937	675	21	model	model	NOUN
cblr-2937	675	22	to	to	PART
cblr-2937	675	23	address	address	VERB
cblr-2937	675	24	a	a	DET
cblr-2937	675	25	free	free	ADJ
cblr-2937	675	26	-	-	PUNCT
cblr-2937	675	27	rider	rider	NOUN
cblr-2937	675	28	problem	problem	NOUN
cblr-2937	675	29	created	create	VERB
cblr-2937	675	30	by	by	ADP
cblr-2937	675	31	the	the	DET
cblr-2937	675	32	spread	spread	NOUN
cblr-2937	675	33	of	of	ADP
cblr-2937	675	34	photocopying	photocopy	VERB
cblr-2937	675	35	technology	technology	NOUN
cblr-2937	675	36	in	in	ADP
cblr-2937	675	37	the	the	DET
cblr-2937	675	38	1970s	1970	NOUN
cblr-2937	675	39	.	.	PUNCT
cblr-2937	676	1	see	see	VERB
cblr-2937	676	2	,	,	PUNCT
cblr-2937	676	3	e.g.	e.g.	ADV
cblr-2937	676	4	,	,	PUNCT
cblr-2937	676	5	lawrence	lawrence	PROPN
cblr-2937	676	6	white	white	PROPN
cblr-2937	676	7	,	,	PUNCT
cblr-2937	676	8	an	an	DET
cblr-2937	676	9	industrial	industrial	ADJ
cblr-2937	676	10	organization	organization	NOUN
cblr-2937	676	11	analysis	analysis	NOUN
cblr-2937	676	12	of	of	ADP
cblr-2937	676	13	rating	rating	NOUN
cblr-2937	676	14	agencies	agency	NOUN
cblr-2937	676	15	,	,	PUNCT
cblr-2937	676	16	in	in	ADP
cblr-2937	676	17	ratings	rating	NOUN
cblr-2937	676	18	,	,	PUNCT
cblr-2937	676	19	rating	rating	NOUN
cblr-2937	676	20	agencies	agency	NOUN
cblr-2937	676	21	and	and	CCONJ
cblr-2937	676	22	the	the	DET
cblr-2937	676	23	global	global	ADJ
cblr-2937	676	24	financial	financial	ADJ
cblr-2937	676	25	system	system	NOUN
cblr-2937	676	26	41	41	NUM
cblr-2937	676	27	,	,	PUNCT
cblr-2937	676	28	47	47	NUM
cblr-2937	676	29	(	(	PUNCT
cblr-2937	676	30	richard	richard	PROPN
cblr-2937	676	31	levich	levich	PROPN
cblr-2937	676	32	et	et	PROPN
cblr-2937	676	33	al	al	PROPN
cblr-2937	676	34	.	.	PUNCT
cblr-2937	677	1	eds	eds	PROPN
cblr-2937	677	2	.	.	PROPN
cblr-2937	677	3	,	,	PUNCT
cblr-2937	677	4	2002	2002	NUM
cblr-2937	677	5	)	)	PUNCT
cblr-2937	677	6	.	.	PUNCT
cblr-2937	678	1	one	one	NUM
cblr-2937	678	2	skeptic	skeptic	NOUN
cblr-2937	678	3	of	of	ADP
cblr-2937	678	4	this	this	DET
cblr-2937	678	5	view	view	NOUN
cblr-2937	678	6	points	point	VERB
cblr-2937	678	7	out	out	ADP
cblr-2937	678	8	that	that	SCONJ
cblr-2937	678	9	other	other	ADJ
cblr-2937	678	10	information	information	NOUN
cblr-2937	678	11	providers	provider	NOUN
cblr-2937	678	12	did	do	AUX
cblr-2937	678	13	not	not	PART
cblr-2937	678	14	change	change	VERB
cblr-2937	678	15	their	their	PRON
cblr-2937	678	16	fee	fee	NOUN
cblr-2937	678	17	structure	structure	NOUN
cblr-2937	678	18	at	at	ADP
cblr-2937	678	19	that	that	DET
cblr-2937	678	20	time	time	NOUN
cblr-2937	678	21	and	and	CCONJ
cblr-2937	678	22	argues	argue	VERB
cblr-2937	678	23	that	that	SCONJ
cblr-2937	678	24	the	the	DET
cblr-2937	678	25	growth	growth	NOUN
cblr-2937	678	26	of	of	ADP
cblr-2937	678	27	the	the	DET
cblr-2937	678	28	mutual	mutual	ADJ
cblr-2937	678	29	fund	fund	NOUN
cblr-2937	678	30	industry	industry	NOUN
cblr-2937	678	31	explains	explain	VERB
cblr-2937	678	32	the	the	DET
cblr-2937	678	33	shift	shift	NOUN
cblr-2937	678	34	.	.	PUNCT
cblr-2937	679	1	see	see	VERB
cblr-2937	679	2	dittrich	dittrich	NOUN
cblr-2937	679	3	,	,	PUNCT
cblr-2937	679	4	supra	supra	PROPN
cblr-2937	679	5	note	note	NOUN
cblr-2937	679	6	12	12	NUM
cblr-2937	679	7	,	,	PUNCT
cblr-2937	679	8	at	at	ADP
cblr-2937	679	9	19	19	NUM
cblr-2937	679	10	.	.	NOUN
cblr-2937	679	11	146	146	NUM
cblr-2937	679	12	see	see	VERB
cblr-2937	679	13	supra	supra	PROPN
cblr-2937	679	14	note	note	PROPN
cblr-2937	679	15	91	91	NUM
cblr-2937	679	16	and	and	CCONJ
cblr-2937	679	17	accompanying	accompany	VERB
cblr-2937	679	18	text	text	NOUN
cblr-2937	679	19	.	.	PUNCT
cblr-2937	680	1	147	147	NUM
cblr-2937	680	2	see	see	NOUN
cblr-2937	680	3	,	,	PUNCT
cblr-2937	680	4	e.g.	e.g.	ADV
cblr-2937	680	5	,	,	PUNCT
cblr-2937	680	6	moody	moody	PROPN
cblr-2937	680	7	's	's	PART
cblr-2937	680	8	corp	corp	PROPN
cblr-2937	680	9	.	.	PROPN
cblr-2937	680	10	,	,	PUNCT
cblr-2937	680	11	proxy	proxy	ADJ
cblr-2937	680	12	statement	statement	NOUN
cblr-2937	680	13	,	,	PUNCT
cblr-2937	680	14	at	at	ADP
cblr-2937	680	15	20	20	NUM
cblr-2937	680	16	(	(	PUNCT
cblr-2937	680	17	mar	mar	PROPN
cblr-2937	680	18	.	.	PROPN
cblr-2937	680	19	19	19	NUM
cblr-2937	680	20	,	,	PUNCT
cblr-2937	680	21	2008	2008	NUM
cblr-2937	680	22	)	)	PUNCT
cblr-2937	680	23	(	(	PUNCT
cblr-2937	680	24	2007	2007	NUM
cblr-2937	680	25	equity	equity	NOUN
cblr-2937	680	26	compensation	compensation	NOUN
cblr-2937	680	27	for	for	ADP
cblr-2937	680	28	moody	moody	PROPN
cblr-2937	680	29	's	's	PART
cblr-2937	680	30	key	key	ADJ
cblr-2937	680	31	officers	officer	NOUN
cblr-2937	680	32	was	be	AUX
cblr-2937	680	33	55	55	NUM
cblr-2937	680	34	-	-	SYM
cblr-2937	680	35	70	70	NUM
cblr-2937	680	36	%	%	NOUN
cblr-2937	680	37	in	in	ADP
cblr-2937	680	38	the	the	DET
cblr-2937	680	39	form	form	NOUN
cblr-2937	680	40	of	of	ADP
cblr-2937	680	41	equity	equity	NOUN
cblr-2937	680	42	)	)	PUNCT
cblr-2937	680	43	;	;	PUNCT
cblr-2937	680	44	i	i	PRON
cblr-2937	680	45	d.	d.	PROPN
cblr-2937	680	46	at	at	ADP
cblr-2937	680	47	24	24	NUM
cblr-2937	680	48	(	(	PUNCT
cblr-2937	680	49	equity	equity	NOUN
cblr-2937	680	50	compensation	compensation	NOUN
cblr-2937	680	51	for	for	ADP
cblr-2937	680	52	2007	2007	NUM
cblr-2937	680	53	was	be	AUX
cblr-2937	680	54	50	50	NUM
cblr-2937	680	55	%	%	NOUN
cblr-2937	680	56	restricted	restrict	VERB
cblr-2937	680	57	stock	stock	NOUN
cblr-2937	680	58	and	and	CCONJ
cblr-2937	680	59	50	50	NUM
cblr-2937	680	60	%	%	NOUN
cblr-2937	680	61	equity	equity	NOUN
cblr-2937	680	62	options	option	NOUN
cblr-2937	680	63	)	)	PUNCT
cblr-2937	680	64	.	.	PUNCT
cblr-2937	681	1	col	col	PROPN
cblr-2937	681	2	umia	umia	PROPN
cblr-2937	681	3	b	b	PROPN
cblr-2937	681	4	usiness	usiness	PROPN
cblr-2937	681	5	la	la	PROPN
cblr-2937	681	6	w	w	PROPN
cblr-2937	681	7	revie	revie	PROPN
cblr-2937	681	8	w	w	PROPN
cblr-2937	681	9	[	[	X
cblr-2937	681	10	vol	vol	NOUN
cblr-2937	681	11	.	.	NOUN
cblr-2937	681	12	2009	2009	NUM
cblr-2937	681	13	credit	credit	NOUN
cblr-2937	681	14	ra	ra	PROPN
cblr-2937	681	15	ting	ting	PROPN
cblr-2937	681	16	agencies	agency	NOUN
cblr-2937	681	17	may	may	AUX
cblr-2937	681	18	encourage	encourage	VERB
cblr-2937	681	19	rating	rating	NOUN
cblr-2937	681	20	-	-	PUNCT
cblr-2937	681	21	agency	agency	NOUN
cblr-2937	681	22	executives	executive	NOUN
cblr-2937	681	23	to	to	PART
cblr-2937	681	24	engage	engage	VERB
cblr-2937	681	25	in	in	ADP
cblr-2937	681	26	shortterm	shortterm	PROPN
cblr-2937	681	27	thinking	think	VERB
cblr-2937	681	28	and	and	CCONJ
cblr-2937	681	29	excessive	excessive	ADJ
cblr-2937	681	30	risk	risk	NOUN
cblr-2937	681	31	-	-	PUNCT
cblr-2937	681	32	taking.14	taking.14	NOUN
cblr-2937	681	33	the	the	DET
cblr-2937	681	34	2006	2006	NUM
cblr-2937	681	35	act	act	NOUN
cblr-2937	681	36	directed	direct	VERB
cblr-2937	681	37	the	the	DET
cblr-2937	681	38	sec	sec	PROPN
cblr-2937	681	39	to	to	PART
cblr-2937	681	40	adopt	adopt	VERB
cblr-2937	681	41	rules	rule	NOUN
cblr-2937	681	42	addressing	address	VERB
cblr-2937	681	43	agency	agency	NOUN
cblr-2937	681	44	conflicts	conflict	NOUN
cblr-2937	681	45	of	of	ADP
cblr-2937	681	46	interest,149	interest,149	NOUN
cblr-2937	681	47	and	and	CCONJ
cblr-2937	681	48	the	the	DET
cblr-2937	681	49	commission	commission	NOUN
cblr-2937	681	50	did	do	VERB
cblr-2937	681	51	so	so	ADV
cblr-2937	681	52	in	in	ADP
cblr-2937	681	53	this	this	DET
cblr-2937	681	54	area	area	NOUN
cblr-2937	681	55	in	in	ADP
cblr-2937	681	56	2007.15	2007.15	NUM
cblr-2937	681	57	°	°	NOUN
cblr-2937	682	1	its	its	PRON
cblr-2937	682	2	rules	rule	NOUN
cblr-2937	682	3	were	be	AUX
cblr-2937	682	4	quite	quite	ADV
cblr-2937	682	5	modest	modest	ADJ
cblr-2937	682	6	.	.	PUNCT
cblr-2937	683	1	rating	rating	NOUN
cblr-2937	683	2	agencies	agency	NOUN
cblr-2937	683	3	simply	simply	ADV
cblr-2937	683	4	must	must	AUX
cblr-2937	683	5	disclose	disclose	VERB
cblr-2937	683	6	that	that	SCONJ
cblr-2937	683	7	they	they	PRON
cblr-2937	683	8	are	be	AUX
cblr-2937	683	9	paid	pay	VERB
cblr-2937	683	10	by	by	ADP
cblr-2937	683	11	issuers	issuer	NOUN
cblr-2937	683	12	and	and	CCONJ
cblr-2937	683	13	disclose	disclose	VERB
cblr-2937	683	14	their	their	PRON
cblr-2937	683	15	procedures	procedure	NOUN
cblr-2937	683	16	for	for	ADP
cblr-2937	683	17	managing	manage	VERB
cblr-2937	683	18	this	this	DET
cblr-2937	683	19	conflict	conflict	NOUN
cblr-2937	683	20	;	;	PUNCT
cblr-2937	683	21	'	'	PUNCT
cblr-2937	683	22	the	the	DET
cblr-2937	683	23	sec	sec	PROPN
cblr-2937	683	24	does	do	AUX
cblr-2937	683	25	not	not	PART
cblr-2937	683	26	engage	engage	VERB
cblr-2937	683	27	or	or	CCONJ
cblr-2937	683	28	plan	plan	VERB
cblr-2937	683	29	to	to	PART
cblr-2937	683	30	engage	engage	VERB
cblr-2937	683	31	in	in	ADP
cblr-2937	683	32	any	any	DET
cblr-2937	683	33	substantive	substantive	ADJ
cblr-2937	683	34	review	review	NOUN
cblr-2937	683	35	of	of	ADP
cblr-2937	683	36	these	these	DET
cblr-2937	683	37	procedures	procedure	NOUN
cblr-2937	683	38	.	.	PUNCT
cblr-2937	684	1	the	the	DET
cblr-2937	684	2	sec	sec	PROPN
cblr-2937	684	3	staffs	staff	NOUN
cblr-2937	684	4	report	report	VERB
cblr-2937	684	5	on	on	ADP
cblr-2937	684	6	its	its	PRON
cblr-2937	684	7	2007	2007	NUM
cblr-2937	684	8	-	-	SYM
cblr-2937	684	9	2008	2008	NUM
cblr-2937	684	10	examination	examination	NOUN
cblr-2937	684	11	of	of	ADP
cblr-2937	684	12	the	the	DET
cblr-2937	684	13	agencies	agency	NOUN
cblr-2937	684	14	raised	raise	VERB
cblr-2937	684	15	questions	question	NOUN
cblr-2937	684	16	about	about	ADP
cblr-2937	684	17	whether	whether	SCONJ
cblr-2937	684	18	the	the	DET
cblr-2937	684	19	agencies	agency	NOUN
cblr-2937	684	20	'	'	PART
cblr-2937	684	21	procedures	procedure	NOUN
cblr-2937	684	22	were	be	AUX
cblr-2937	684	23	adequate	adequate	ADJ
cblr-2937	684	24	and	and	CCONJ
cblr-2937	684	25	suggested	suggest	VERB
cblr-2937	684	26	that	that	SCONJ
cblr-2937	684	27	the	the	DET
cblr-2937	684	28	agencies	agency	NOUN
cblr-2937	684	29	review	review	VERB
cblr-2937	684	30	them	they	PRON
cblr-2937	684	31	.	.	PUNCT
cblr-2937	685	1	2	2	NUM
cblr-2937	685	2	the	the	DET
cblr-2937	685	3	sec	sec	PROPN
cblr-2937	685	4	proposed	propose	VERB
cblr-2937	685	5	further	further	ADJ
cblr-2937	685	6	rules	rule	NOUN
cblr-2937	685	7	in	in	ADP
cblr-2937	685	8	this	this	DET
cblr-2937	685	9	vein	vein	NOUN
cblr-2937	685	10	,	,	PUNCT
cblr-2937	685	11	with	with	ADP
cblr-2937	685	12	emphasis	emphasis	NOUN
cblr-2937	685	13	on	on	ADP
cblr-2937	685	14	structured	structured	ADJ
cblr-2937	685	15	products	product	NOUN
cblr-2937	685	16	,	,	PUNCT
cblr-2937	685	17	in	in	ADP
cblr-2937	685	18	june	june	PROPN
cblr-2937	685	19	2008	2008	NUM
cblr-2937	685	20	'	'	PUNCT
cblr-2937	685	21	and	and	CCONJ
cblr-2937	685	22	adopted	adopt	VERB
cblr-2937	685	23	them	they	PRON
cblr-2937	685	24	with	with	ADP
cblr-2937	685	25	modifications	modification	NOUN
cblr-2937	685	26	in	in	ADP
cblr-2937	685	27	february	february	PROPN
cblr-2937	685	28	2009.5	2009.5	NUM
cblr-2937	685	29	most	most	ADJ
cblr-2937	685	30	of	of	ADP
cblr-2937	685	31	these	these	DET
cblr-2937	685	32	rules	rule	NOUN
cblr-2937	685	33	cover	cover	VERB
cblr-2937	685	34	the	the	DET
cblr-2937	685	35	relationship	relationship	NOUN
cblr-2937	685	36	between	between	ADP
cblr-2937	685	37	individual	individual	ADJ
cblr-2937	685	38	analysts	analyst	NOUN
cblr-2937	685	39	and	and	CCONJ
cblr-2937	685	40	issuers	issuer	NOUN
cblr-2937	685	41	.	.	PUNCT
cblr-2937	686	1	5	5	NUM
cblr-2937	686	2	they	they	PRON
cblr-2937	686	3	do	do	AUX
cblr-2937	686	4	not	not	PART
cblr-2937	686	5	even	even	ADV
cblr-2937	686	6	seem	seem	VERB
cblr-2937	686	7	relevant	relevant	ADJ
cblr-2937	686	8	to	to	ADP
cblr-2937	686	9	the	the	DET
cblr-2937	686	10	potential	potential	ADJ
cblr-2937	686	11	'	'	NUM
cblr-2937	686	12	48	48	NUM
cblr-2937	686	13	see	see	VERB
cblr-2937	686	14	lucian	lucian	PROPN
cblr-2937	686	15	bebchuk	bebchuk	PROPN
cblr-2937	686	16	&	&	CCONJ
cblr-2937	686	17	jesse	jesse	PROPN
cblr-2937	686	18	fried	fried	PROPN
cblr-2937	686	19	,	,	PUNCT
cblr-2937	686	20	pay	pay	VERB
cblr-2937	686	21	without	without	ADP
cblr-2937	686	22	performance	performance	NOUN
cblr-2937	686	23	:	:	PUNCT
cblr-2937	686	24	the	the	DET
cblr-2937	686	25	unfulfilled	unfulfilled	ADJ
cblr-2937	686	26	promise	promise	NOUN
cblr-2937	686	27	of	of	ADP
cblr-2937	686	28	executive	executive	ADJ
cblr-2937	686	29	compensation	compensation	NOUN
cblr-2937	686	30	154	154	NUM
cblr-2937	686	31	(	(	PUNCT
cblr-2937	686	32	2004	2004	NUM
cblr-2937	686	33	)	)	PUNCT
cblr-2937	686	34	(	(	PUNCT
cblr-2937	686	35	noting	note	VERB
cblr-2937	686	36	that	that	SCONJ
cblr-2937	686	37	option	option	NOUN
cblr-2937	686	38	-	-	PUNCT
cblr-2937	686	39	based	base	VERB
cblr-2937	686	40	executive	executive	ADJ
cblr-2937	686	41	compensation	compensation	NOUN
cblr-2937	686	42	may	may	AUX
cblr-2937	686	43	encourage	encourage	VERB
cblr-2937	686	44	excessive	excessive	ADJ
cblr-2937	686	45	risk	risk	NOUN
cblr-2937	686	46	-	-	PUNCT
cblr-2937	686	47	taking	taking	NOUN
cblr-2937	686	48	but	but	CCONJ
cblr-2937	686	49	that	that	SCONJ
cblr-2937	686	50	this	this	PRON
cblr-2937	686	51	may	may	AUX
cblr-2937	686	52	simply	simply	ADV
cblr-2937	686	53	counter	counter	VERB
cblr-2937	686	54	other	other	ADJ
cblr-2937	686	55	forces	force	NOUN
cblr-2937	686	56	causing	cause	VERB
cblr-2937	686	57	managers	manager	NOUN
cblr-2937	686	58	to	to	PART
cblr-2937	686	59	be	be	AUX
cblr-2937	686	60	risk	risk	NOUN
cblr-2937	686	61	-	-	PUNCT
cblr-2937	686	62	averse	averse	ADJ
cblr-2937	686	63	)	)	PUNCT
cblr-2937	686	64	.	.	PUNCT
cblr-2937	687	1	149	149	NUM
cblr-2937	687	2	15	15	NUM
cblr-2937	687	3	u.s.c	u.s.c	ADJ
cblr-2937	687	4	.	.	PUNCT
cblr-2937	688	1	§	§	NOUN
cblr-2937	688	2	78o-7(h)(2	78o-7(h)(2	NOUN
cblr-2937	688	3	)	)	PUNCT
cblr-2937	688	4	(	(	PUNCT
cblr-2937	688	5	2008	2008	NUM
cblr-2937	688	6	)	)	PUNCT
cblr-2937	688	7	.	.	PUNCT
cblr-2937	688	8	0	0	NUM
cblr-2937	689	1	sec	sec	PROPN
cblr-2937	689	2	2007	2007	NUM
cblr-2937	689	3	rule	rule	NOUN
cblr-2937	689	4	,	,	PUNCT
cblr-2937	689	5	supra	supra	PROPN
cblr-2937	689	6	note	note	PROPN
cblr-2937	689	7	67	67	NUM
cblr-2937	689	8	,	,	PUNCT
cblr-2937	689	9	at	at	ADP
cblr-2937	689	10	33,593	33,593	NUM
cblr-2937	689	11	-	-	SYM
cblr-2937	689	12	605	605	NUM
cblr-2937	689	13	,	,	PUNCT
cblr-2937	689	14	33,622	33,622	NUM
cblr-2937	689	15	-	-	SYM
cblr-2937	689	16	23	23	NUM
cblr-2937	689	17	;	;	PUNCT
cblr-2937	689	18	17	17	NUM
cblr-2937	689	19	c.f.r	c.f.r	NOUN
cblr-2937	689	20	.	.	PUNCT
cblr-2937	690	1	§	§	PROPN
cblr-2937	690	2	240.17g-5	240.17g-5	NUM
cblr-2937	690	3	(	(	PUNCT
cblr-2937	690	4	2008	2008	NUM
cblr-2937	690	5	)	)	PUNCT
cblr-2937	690	6	.	.	PUNCT
cblr-2937	691	1	'	'	NUM
cblr-2937	691	2	15	15	NUM
cblr-2937	691	3	the	the	DET
cblr-2937	691	4	2007	2007	NUM
cblr-2937	691	5	rule	rule	NOUN
cblr-2937	691	6	requires	require	VERB
cblr-2937	691	7	that	that	SCONJ
cblr-2937	691	8	nrsros	nrsros	PROPN
cblr-2937	691	9	"	"	PUNCT
cblr-2937	691	10	maintain	maintain	VERB
cblr-2937	691	11	[	[	X
cblr-2937	691	12	]	]	X
cblr-2937	691	13	and	and	CCONJ
cblr-2937	691	14	enforc[e	enforc[e	PROPN
cblr-2937	691	15	]	]	PUNCT
cblr-2937	691	16	procedures	procedure	NOUN
cblr-2937	691	17	"	"	PUNCT
cblr-2937	691	18	to	to	PART
cblr-2937	691	19	"	"	PUNCT
cblr-2937	691	20	address	address	VERB
cblr-2937	691	21	and	and	CCONJ
cblr-2937	691	22	manage	manage	VERB
cblr-2937	691	23	"	"	PUNCT
cblr-2937	691	24	the	the	DET
cblr-2937	691	25	issuer	issuer	NOUN
cblr-2937	691	26	-	-	PUNCT
cblr-2937	691	27	pays	pay	VERB
cblr-2937	691	28	conflict	conflict	NOUN
cblr-2937	691	29	and	and	CCONJ
cblr-2937	691	30	disclose	disclose	VERB
cblr-2937	691	31	these	these	DET
cblr-2937	691	32	procedures	procedure	NOUN
cblr-2937	691	33	,	,	PUNCT
cblr-2937	691	34	17	17	NUM
cblr-2937	691	35	c.f.r	c.f.r	NOUN
cblr-2937	691	36	.	.	PUNCT
cblr-2937	692	1	§	§	PROPN
cblr-2937	692	2	240.17g-5(a)(2	240.17g-5(a)(2	NUM
cblr-2937	692	3	)	)	PUNCT
cblr-2937	692	4	,	,	PUNCT
cblr-2937	692	5	but	but	CCONJ
cblr-2937	692	6	prohibits	prohibit	VERB
cblr-2937	692	7	very	very	ADV
cblr-2937	692	8	little	little	ADV
cblr-2937	692	9	:	:	PUNCT
cblr-2937	692	10	nrsros	nrsros	PROPN
cblr-2937	692	11	may	may	AUX
cblr-2937	692	12	not	not	PART
cblr-2937	692	13	issue	issue	VERB
cblr-2937	692	14	credit	credit	NOUN
cblr-2937	692	15	ratings	rating	NOUN
cblr-2937	692	16	"	"	PUNCT
cblr-2937	692	17	solicited	solicit	VERB
cblr-2937	692	18	by	by	ADP
cblr-2937	692	19	"	"	PUNCT
cblr-2937	692	20	an	an	DET
cblr-2937	692	21	issuer	issuer	NOUN
cblr-2937	692	22	that	that	PRON
cblr-2937	692	23	is	be	AUX
cblr-2937	692	24	responsible	responsible	ADJ
cblr-2937	692	25	for	for	ADP
cblr-2937	692	26	10	10	NUM
cblr-2937	692	27	%	%	NOUN
cblr-2937	692	28	of	of	ADP
cblr-2937	692	29	the	the	DET
cblr-2937	692	30	nrsro	nrsro	NOUN
cblr-2937	692	31	's	's	PART
cblr-2937	692	32	total	total	ADJ
cblr-2937	692	33	net	net	ADJ
cblr-2937	692	34	revenue	revenue	NOUN
cblr-2937	692	35	,	,	PUNCT
cblr-2937	692	36	17	17	NUM
cblr-2937	692	37	c.f.r	c.f.r	NOUN
cblr-2937	692	38	.	.	PUNCT
cblr-2937	693	1	§	§	PROPN
cblr-2937	693	2	240.17g(5)(c)(1	240.17g(5)(c)(1	NUM
cblr-2937	693	3	)	)	PUNCT
cblr-2937	693	4	;	;	PUNCT
cblr-2937	693	5	15	15	NUM
cblr-2937	693	6	u.s.c	u.s.c	NOUN
cblr-2937	693	7	.	.	PUNCT
cblr-2937	694	1	§	§	PROPN
cblr-2937	694	2	78c(a)(63	78c(a)(63	NUM
cblr-2937	694	3	)	)	PUNCT
cblr-2937	694	4	(	(	PUNCT
cblr-2937	694	5	2008	2008	NUM
cblr-2937	694	6	)	)	PUNCT
cblr-2937	694	7	,	,	PUNCT
cblr-2937	694	8	and	and	CCONJ
cblr-2937	694	9	may	may	AUX
cblr-2937	694	10	not	not	PART
cblr-2937	694	11	maintain	maintain	VERB
cblr-2937	694	12	ratings	rating	NOUN
cblr-2937	694	13	on	on	ADP
cblr-2937	694	14	company	company	NOUN
cblr-2937	694	15	that	that	SCONJ
cblr-2937	694	16	it	it	PRON
cblr-2937	694	17	controls	control	VERB
cblr-2937	694	18	or	or	CCONJ
cblr-2937	694	19	is	be	AUX
cblr-2937	694	20	controlled	control	VERB
cblr-2937	694	21	by	by	ADP
cblr-2937	694	22	,	,	PUNCT
cblr-2937	694	23	17	17	NUM
cblr-2937	694	24	c.f.r	c.f.r	NOUN
cblr-2937	694	25	.	.	PUNCT
cblr-2937	695	1	§	§	PROPN
cblr-2937	695	2	240.17g-(5)(c)(3	240.17g-(5)(c)(3	NUM
cblr-2937	695	3	)	)	PUNCT
cblr-2937	695	4	.	.	PUNCT
cblr-2937	696	1	individual	individual	ADJ
cblr-2937	696	2	credit	credit	NOUN
cblr-2937	696	3	analysts	analyst	NOUN
cblr-2937	696	4	may	may	AUX
cblr-2937	696	5	not	not	PART
cblr-2937	696	6	own	own	VERB
cblr-2937	696	7	stock	stock	NOUN
cblr-2937	696	8	in	in	ADP
cblr-2937	696	9	or	or	CCONJ
cblr-2937	696	10	serve	serve	VERB
cblr-2937	696	11	as	as	ADP
cblr-2937	696	12	officers	officer	NOUN
cblr-2937	696	13	and	and	CCONJ
cblr-2937	696	14	directors	director	NOUN
cblr-2937	696	15	of	of	ADP
cblr-2937	696	16	the	the	DET
cblr-2937	696	17	entities	entity	NOUN
cblr-2937	696	18	they	they	PRON
cblr-2937	696	19	rate	rate	VERB
cblr-2937	696	20	.	.	PUNCT
cblr-2937	697	1	17	17	NUM
cblr-2937	697	2	c.f.r	c.f.r	NOUN
cblr-2937	697	3	.	.	PUNCT
cblr-2937	698	1	§	§	PROPN
cblr-2937	698	2	240.17g-(5)(c)(2	240.17g-(5)(c)(2	NUM
cblr-2937	698	3	)	)	PUNCT
cblr-2937	698	4	,	,	PUNCT
cblr-2937	698	5	(	(	PUNCT
cblr-2937	698	6	4	4	NUM
cblr-2937	698	7	)	)	PUNCT
cblr-2937	698	8	.	.	PUNCT
cblr-2937	699	1	112	112	NUM
cblr-2937	699	2	sec	sec	PROPN
cblr-2937	699	3	staff	staff	NOUN
cblr-2937	699	4	examination	examination	NOUN
cblr-2937	699	5	report	report	NOUN
cblr-2937	699	6	,	,	PUNCT
cblr-2937	699	7	supra	supra	PROPN
cblr-2937	699	8	note	note	PROPN
cblr-2937	699	9	38	38	NUM
cblr-2937	699	10	,	,	PUNCT
cblr-2937	699	11	at	at	ADP
cblr-2937	699	12	25	25	NUM
cblr-2937	699	13	-	-	SYM
cblr-2937	699	14	27	27	NUM
cblr-2937	699	15	.	.	PUNCT
cblr-2937	700	1	11	11	NUM
cblr-2937	700	2	sec	sec	PROPN
cblr-2937	700	3	june	june	PROPN
cblr-2937	700	4	16	16	NUM
cblr-2937	700	5	proposal	proposal	NOUN
cblr-2937	700	6	,	,	PUNCT
cblr-2937	700	7	supra	supra	PROPN
cblr-2937	700	8	note	note	PROPN
cblr-2937	700	9	56	56	NUM
cblr-2937	700	10	,	,	PUNCT
cblr-2937	700	11	at	at	ADP
cblr-2937	700	12	36,218	36,218	NUM
cblr-2937	700	13	-	-	SYM
cblr-2937	700	14	28	28	NUM
cblr-2937	700	15	,	,	PUNCT
cblr-2937	700	16	36,251	36,251	NUM
cblr-2937	700	17	.	.	PUNCT
cblr-2937	700	18	1	1	NUM
cblr-2937	700	19	see	see	VERB
cblr-2937	700	20	amendments	amendment	NOUN
cblr-2937	700	21	to	to	ADP
cblr-2937	700	22	rules	rule	NOUN
cblr-2937	700	23	for	for	ADP
cblr-2937	700	24	nationally	nationally	ADV
cblr-2937	700	25	recognized	recognize	VERB
cblr-2937	700	26	statistical	statistical	ADJ
cblr-2937	700	27	rating	rating	NOUN
cblr-2937	700	28	organizations	organization	NOUN
cblr-2937	700	29	,	,	PUNCT
cblr-2937	700	30	exchange	exchange	NOUN
cblr-2937	700	31	act	act	NOUN
cblr-2937	700	32	release	release	VERB
cblr-2937	700	33	34	34	NUM
cblr-2937	700	34	-	-	SYM
cblr-2937	700	35	59342	59342	NUM
cblr-2937	700	36	,	,	PUNCT
cblr-2937	700	37	supra	supra	PROPN
cblr-2937	700	38	note	note	PROPN
cblr-2937	700	39	88	88	NUM
cblr-2937	700	40	,	,	PUNCT
cblr-2937	700	41	at	at	ADP
cblr-2937	700	42	105	105	NUM
cblr-2937	700	43	-	-	SYM
cblr-2937	700	44	06	06	NUM
cblr-2937	700	45	(	(	PUNCT
cblr-2937	700	46	to	to	PART
cblr-2937	700	47	be	be	AUX
cblr-2937	700	48	codified	codify	VERB
cblr-2937	700	49	at	at	ADP
cblr-2937	700	50	17	17	NUM
cblr-2937	700	51	c.f.r	c.f.r	NOUN
cblr-2937	700	52	.	.	PUNCT
cblr-2937	701	1	§	§	PROPN
cblr-2937	701	2	240.17g5(c)(5)-(7	240.17g5(c)(5)-(7	NUM
cblr-2937	701	3	)	)	PUNCT
cblr-2937	701	4	)	)	PUNCT
cblr-2937	701	5	.	.	PUNCT
cblr-2937	702	1	"	"	PUNCT
cblr-2937	703	1	the	the	DET
cblr-2937	703	2	new	new	ADJ
cblr-2937	703	3	rules	rule	NOUN
cblr-2937	703	4	prohibit	prohibit	VERB
cblr-2937	703	5	persons	person	NOUN
cblr-2937	703	6	involved	involve	VERB
cblr-2937	703	7	with	with	ADP
cblr-2937	703	8	the	the	DET
cblr-2937	703	9	rating	rating	NOUN
cblr-2937	703	10	process	process	NOUN
cblr-2937	703	11	from	from	ADP
cblr-2937	703	12	negotiating	negotiate	VERB
cblr-2937	703	13	fees	fee	NOUN
cblr-2937	703	14	with	with	ADP
cblr-2937	703	15	issuers	issuer	NOUN
cblr-2937	703	16	or	or	CCONJ
cblr-2937	703	17	receiving	receive	VERB
cblr-2937	703	18	gifts	gift	NOUN
cblr-2937	703	19	in	in	ADP
cblr-2937	703	20	excess	excess	NOUN
cblr-2937	703	21	of	of	ADP
cblr-2937	703	22	$	$	SYM
cblr-2937	703	23	25	25	NUM
cblr-2937	703	24	from	from	ADP
cblr-2937	703	25	no	no	NOUN
cblr-2937	703	26	.	.	PUNCT
cblr-2937	704	1	1:109	1:109	NUM
cblr-2937	704	2	]	]	PUNCT
cblr-2937	704	3	problem	problem	NOUN
cblr-2937	704	4	,	,	PUNCT
cblr-2937	704	5	which	which	PRON
cblr-2937	704	6	is	be	AUX
cblr-2937	704	7	that	that	SCONJ
cblr-2937	704	8	the	the	DET
cblr-2937	704	9	agency	agency	NOUN
cblr-2937	704	10	as	as	ADP
cblr-2937	704	11	a	a	DET
cblr-2937	704	12	whole	whole	NOUN
cblr-2937	704	13	has	have	VERB
cblr-2937	704	14	an	an	DET
cblr-2937	704	15	incentive	incentive	NOUN
cblr-2937	704	16	to	to	PART
cblr-2937	704	17	inflate	inflate	VERB
cblr-2937	704	18	ratings	rating	NOUN
cblr-2937	704	19	for	for	ADP
cblr-2937	704	20	every	every	DET
cblr-2937	704	21	issuer	issuer	NOUN
cblr-2937	704	22	.	.	PUNCT
cblr-2937	705	1	the	the	DET
cblr-2937	705	2	agencies	agency	NOUN
cblr-2937	705	3	,	,	PUNCT
cblr-2937	705	4	facing	face	VERB
cblr-2937	705	5	regulatory	regulatory	ADJ
cblr-2937	705	6	pressure,15	pressure,15	NOUN
cblr-2937	705	7	have	have	AUX
cblr-2937	705	8	made	make	VERB
cblr-2937	705	9	changes	change	NOUN
cblr-2937	705	10	intended	intend	VERB
cblr-2937	705	11	to	to	PART
cblr-2937	705	12	address	address	VERB
cblr-2937	705	13	this	this	DET
cblr-2937	705	14	concern	concern	NOUN
cblr-2937	705	15	.	.	PUNCT
cblr-2937	706	1	157	157	NUM
cblr-2937	706	2	the	the	DET
cblr-2937	706	3	sec	sec	PROPN
cblr-2937	706	4	's	's	PART
cblr-2937	706	5	rules	rule	NOUN
cblr-2937	706	6	seem	seem	VERB
cblr-2937	706	7	to	to	PART
cblr-2937	706	8	reflect	reflect	VERB
cblr-2937	706	9	the	the	DET
cblr-2937	706	10	view	view	NOUN
cblr-2937	706	11	that	that	SCONJ
cblr-2937	706	12	no	no	DET
cblr-2937	706	13	serious	serious	ADJ
cblr-2937	706	14	regulatory	regulatory	ADJ
cblr-2937	706	15	intervention	intervention	NOUN
cblr-2937	706	16	is	be	AUX
cblr-2937	706	17	needed	need	VERB
cblr-2937	706	18	to	to	PART
cblr-2937	706	19	deal	deal	VERB
cblr-2937	706	20	with	with	ADP
cblr-2937	706	21	agency	agency	NOUN
cblr-2937	706	22	conflicts	conflict	NOUN
cblr-2937	706	23	of	of	ADP
cblr-2937	706	24	interest.5	interest.5	NOUN
cblr-2937	706	25	8	8	NUM
cblr-2937	706	26	although	although	SCONJ
cblr-2937	706	27	the	the	DET
cblr-2937	706	28	commission	commission	NOUN
cblr-2937	706	29	has	have	VERB
cblr-2937	706	30	the	the	DET
cblr-2937	706	31	power	power	NOUN
cblr-2937	706	32	to	to	PART
cblr-2937	706	33	ban	ban	VERB
cblr-2937	706	34	agency	agency	NOUN
cblr-2937	706	35	conflicts	conflict	NOUN
cblr-2937	706	36	of	of	ADP
cblr-2937	706	37	interest	interest	NOUN
cblr-2937	706	38	generally	generally	ADV
cblr-2937	706	39	,	,	PUNCT
cblr-2937	706	40	159	159	NUM
cblr-2937	706	41	and	and	CCONJ
cblr-2937	706	42	issuers	issuer	NOUN
cblr-2937	706	43	.	.	PUNCT
cblr-2937	707	1	i	i	PRON
cblr-2937	707	2	d.	d.	PROPN
cblr-2937	707	3	they	they	PRON
cblr-2937	707	4	also	also	ADV
cblr-2937	707	5	prohibit	prohibit	VERB
cblr-2937	707	6	nrsros	nrsro	NOUN
cblr-2937	707	7	from	from	ADP
cblr-2937	707	8	making	make	VERB
cblr-2937	707	9	"	"	PUNCT
cblr-2937	707	10	recommendations	recommendation	NOUN
cblr-2937	707	11	"	"	PUNCT
cblr-2937	707	12	to	to	ADP
cblr-2937	707	13	issuers	issuer	NOUN
cblr-2937	707	14	or	or	CCONJ
cblr-2937	707	15	arrangers	arranger	NOUN
cblr-2937	707	16	"	"	PUNCT
cblr-2937	707	17	about	about	ADP
cblr-2937	707	18	the	the	DET
cblr-2937	707	19	corporate	corporate	ADJ
cblr-2937	707	20	legal	legal	ADJ
cblr-2937	707	21	structure	structure	NOUN
cblr-2937	707	22	,	,	PUNCT
cblr-2937	707	23	assets	asset	NOUN
cblr-2937	707	24	,	,	PUNCT
cblr-2937	707	25	liabilities	liability	NOUN
cblr-2937	707	26	,	,	PUNCT
cblr-2937	707	27	or	or	CCONJ
cblr-2937	707	28	activities	activity	NOUN
cblr-2937	707	29	"	"	PUNCT
cblr-2937	707	30	of	of	ADP
cblr-2937	707	31	obligors	obligor	NOUN
cblr-2937	707	32	or	or	CCONJ
cblr-2937	707	33	issuers	issuer	NOUN
cblr-2937	707	34	.	.	PUNCT
cblr-2937	708	1	i	i	PRON
cblr-2937	708	2	d.	d.	PROPN
cblr-2937	708	3	the	the	DET
cblr-2937	708	4	major	major	ADJ
cblr-2937	708	5	agencies	agency	NOUN
cblr-2937	708	6	assert	assert	VERB
cblr-2937	708	7	that	that	SCONJ
cblr-2937	708	8	they	they	PRON
cblr-2937	708	9	already	already	ADV
cblr-2937	708	10	refrain	refrain	VERB
cblr-2937	708	11	from	from	ADP
cblr-2937	708	12	such	such	ADJ
cblr-2937	708	13	recommendations	recommendation	NOUN
cblr-2937	708	14	,	,	PUNCT
cblr-2937	708	15	so	so	CCONJ
cblr-2937	708	16	the	the	DET
cblr-2937	708	17	practical	practical	ADJ
cblr-2937	708	18	effect	effect	NOUN
cblr-2937	708	19	of	of	ADP
cblr-2937	708	20	this	this	DET
cblr-2937	708	21	rule	rule	NOUN
cblr-2937	708	22	seems	seem	VERB
cblr-2937	708	23	limited	limited	ADJ
cblr-2937	708	24	.	.	PUNCT
cblr-2937	709	1	the	the	DET
cblr-2937	709	2	rule	rule	NOUN
cblr-2937	709	3	requiring	require	VERB
cblr-2937	709	4	disclosure	disclosure	NOUN
cblr-2937	709	5	of	of	ADP
cblr-2937	709	6	rating	rating	NOUN
cblr-2937	709	7	performance	performance	NOUN
cblr-2937	709	8	information	information	NOUN
cblr-2937	709	9	for	for	ADP
cblr-2937	709	10	a	a	DET
cblr-2937	709	11	random	random	ADJ
cblr-2937	709	12	sample	sample	NOUN
cblr-2937	709	13	of	of	ADP
cblr-2937	709	14	10	10	NUM
cblr-2937	709	15	%	%	NOUN
cblr-2937	709	16	of	of	ADP
cblr-2937	709	17	issuer	issuer	NOUN
cblr-2937	709	18	-	-	PUNCT
cblr-2937	709	19	paid	pay	VERB
cblr-2937	709	20	ratings	rating	NOUN
cblr-2937	709	21	,	,	PUNCT
cblr-2937	709	22	discussed	discuss	VERB
cblr-2937	709	23	above	above	ADV
cblr-2937	709	24	,	,	PUNCT
cblr-2937	709	25	does	do	AUX
cblr-2937	709	26	reflect	reflect	VERB
cblr-2937	709	27	some	some	DET
cblr-2937	709	28	concern	concern	NOUN
cblr-2937	709	29	about	about	ADP
cblr-2937	709	30	the	the	DET
cblr-2937	709	31	issuer	issuer	NOUN
cblr-2937	709	32	-	-	PUNCT
cblr-2937	709	33	pays	pay	NOUN
cblr-2937	709	34	problem	problem	NOUN
cblr-2937	709	35	,	,	PUNCT
cblr-2937	709	36	along	along	ADP
cblr-2937	709	37	with	with	ADP
cblr-2937	709	38	continued	continue	VERB
cblr-2937	709	39	conviction	conviction	NOUN
cblr-2937	709	40	that	that	SCONJ
cblr-2937	709	41	the	the	DET
cblr-2937	709	42	market	market	NOUN
cblr-2937	709	43	's	's	PART
cblr-2937	709	44	reputation	reputation	NOUN
cblr-2937	709	45	mechanism	mechanism	NOUN
cblr-2937	709	46	can	can	AUX
cblr-2937	709	47	solve	solve	VERB
cblr-2937	709	48	this	this	DET
cblr-2937	709	49	problem	problem	NOUN
cblr-2937	709	50	.	.	PUNCT
cblr-2937	710	1	see	see	VERB
cblr-2937	710	2	supra	supra	PROPN
cblr-2937	710	3	note	note	PROPN
cblr-2937	710	4	88	88	NUM
cblr-2937	710	5	and	and	CCONJ
cblr-2937	710	6	accompanying	accompany	VERB
cblr-2937	710	7	text	text	NOUN
cblr-2937	710	8	.	.	PUNCT
cblr-2937	711	1	16	16	NUM
cblr-2937	711	2	moody	moody	PROPN
cblr-2937	711	3	's	's	PART
cblr-2937	711	4	corp	corp	PROPN
cblr-2937	711	5	.	.	PROPN
cblr-2937	711	6	,	,	PUNCT
cblr-2937	711	7	supra	supra	PROPN
cblr-2937	711	8	note	note	PROPN
cblr-2937	711	9	1	1	NUM
cblr-2937	711	10	,	,	PUNCT
cblr-2937	711	11	at	at	ADP
cblr-2937	711	12	3	3	NUM
cblr-2937	711	13	(	(	PUNCT
cblr-2937	711	14	moody	moody	NOUN
cblr-2937	711	15	's	's	PART
cblr-2937	711	16	reorganized	reorganize	VERB
cblr-2937	711	17	in	in	ADP
cblr-2937	711	18	2007	2007	NUM
cblr-2937	711	19	to	to	PART
cblr-2937	711	20	separate	separate	VERB
cblr-2937	711	21	the	the	DET
cblr-2937	711	22	ratings	rating	NOUN
cblr-2937	711	23	and	and	CCONJ
cblr-2937	711	24	non	non	ADJ
cblr-2937	711	25	-	-	ADJ
cblr-2937	711	26	ratings	rating	NOUN
cblr-2937	711	27	portions	portion	NOUN
cblr-2937	711	28	of	of	ADP
cblr-2937	711	29	its	its	PRON
cblr-2937	711	30	business	business	NOUN
cblr-2937	711	31	in	in	ADP
cblr-2937	711	32	anticipation	anticipation	NOUN
cblr-2937	711	33	of	of	ADP
cblr-2937	711	34	potential	potential	ADJ
cblr-2937	711	35	regulatory	regulatory	ADJ
cblr-2937	711	36	changes	change	NOUN
cblr-2937	711	37	)	)	PUNCT
cblr-2937	711	38	.	.	PUNCT
cblr-2937	711	39	...	...	PUNCT
cblr-2937	712	1	senate	senate	PROPN
cblr-2937	712	2	turmoil	turmoil	NOUN
cblr-2937	712	3	hearings	hearing	NOUN
cblr-2937	712	4	,	,	PUNCT
cblr-2937	712	5	supra	supra	PROPN
cblr-2937	712	6	note	note	PROPN
cblr-2937	712	7	16	16	NUM
cblr-2937	712	8	,	,	PUNCT
cblr-2937	712	9	at	at	ADP
cblr-2937	712	10	9	9	NUM
cblr-2937	712	11	-	-	SYM
cblr-2937	712	12	10	10	NUM
cblr-2937	712	13	(	(	PUNCT
cblr-2937	712	14	prepared	prepared	ADJ
cblr-2937	712	15	testimony	testimony	NOUN
cblr-2937	712	16	of	of	ADP
cblr-2937	712	17	claire	claire	PROPN
cblr-2937	712	18	robinson	robinson	PROPN
cblr-2937	712	19	,	,	PUNCT
cblr-2937	712	20	senior	senior	ADJ
cblr-2937	712	21	managing	managing	NOUN
cblr-2937	712	22	director	director	NOUN
cblr-2937	712	23	,	,	PUNCT
cblr-2937	712	24	moody	moody	PROPN
cblr-2937	712	25	's	's	PART
cblr-2937	712	26	investors	investor	NOUN
cblr-2937	712	27	service	service	PROPN
cblr-2937	712	28	)	)	PUNCT
cblr-2937	712	29	(	(	PUNCT
cblr-2937	712	30	summarizing	summarize	VERB
cblr-2937	712	31	moody	moody	NOUN
cblr-2937	712	32	's	's	PART
cblr-2937	712	33	initiatives	initiative	NOUN
cblr-2937	712	34	,	,	PUNCT
cblr-2937	712	35	including	include	VERB
cblr-2937	712	36	formalizing	formalizing	NOUN
cblr-2937	712	37	separation	separation	NOUN
cblr-2937	712	38	of	of	ADP
cblr-2937	712	39	ratings	rating	NOUN
cblr-2937	712	40	-	-	PUNCT
cblr-2937	712	41	related	relate	VERB
cblr-2937	712	42	and	and	CCONJ
cblr-2937	712	43	non	non	ADJ
cblr-2937	712	44	-	-	ADJ
cblr-2937	712	45	ratings	rating	NOUN
cblr-2937	712	46	-	-	PUNCT
cblr-2937	712	47	related	relate	VERB
cblr-2937	712	48	businesses	business	NOUN
cblr-2937	712	49	,	,	PUNCT
cblr-2937	712	50	codifying	codify	VERB
cblr-2937	712	51	analyst	analyst	NOUN
cblr-2937	712	52	-	-	PUNCT
cblr-2937	712	53	issuer	issuer	NOUN
cblr-2937	712	54	communication	communication	NOUN
cblr-2937	712	55	policies	policy	NOUN
cblr-2937	712	56	,	,	PUNCT
cblr-2937	712	57	and	and	CCONJ
cblr-2937	712	58	re	re	VERB
cblr-2937	712	59	-	-	VERB
cblr-2937	712	60	reviewing	review	VERB
cblr-2937	712	61	the	the	DET
cblr-2937	712	62	work	work	NOUN
cblr-2937	712	63	of	of	ADP
cblr-2937	712	64	moody	moody	PROPN
cblr-2937	712	65	's	's	PART
cblr-2937	712	66	analysts	analyst	NOUN
cblr-2937	712	67	who	who	PRON
cblr-2937	712	68	are	be	AUX
cblr-2937	712	69	hired	hire	VERB
cblr-2937	712	70	away	away	ADV
cblr-2937	712	71	by	by	ADP
cblr-2937	712	72	financial	financial	ADJ
cblr-2937	712	73	intermediaries	intermediary	NOUN
cblr-2937	712	74	representing	represent	VERB
cblr-2937	712	75	issuers	issuer	NOUN
cblr-2937	712	76	)	)	PUNCT
cblr-2937	712	77	;	;	PUNCT
cblr-2937	712	78	senate	senate	PROPN
cblr-2937	712	79	turmoil	turmoil	NOUN
cblr-2937	712	80	hearings	hearing	NOUN
cblr-2937	712	81	,	,	PUNCT
cblr-2937	712	82	supra	supra	PROPN
cblr-2937	712	83	note	note	PROPN
cblr-2937	712	84	16	16	NUM
cblr-2937	712	85	,	,	PUNCT
cblr-2937	712	86	at	at	ADP
cblr-2937	712	87	2	2	NUM
cblr-2937	712	88	-	-	SYM
cblr-2937	712	89	6	6	NUM
cblr-2937	712	90	(	(	PUNCT
cblr-2937	712	91	prepared	prepared	ADJ
cblr-2937	712	92	testimony	testimony	NOUN
cblr-2937	712	93	of	of	ADP
cblr-2937	712	94	vickie	vickie	PROPN
cblr-2937	712	95	a.	a.	PROPN
cblr-2937	712	96	tillman	tillman	PROPN
cblr-2937	712	97	,	,	PUNCT
cblr-2937	712	98	executive	executive	ADJ
cblr-2937	712	99	vice	vice	NOUN
cblr-2937	712	100	president	president	NOUN
cblr-2937	712	101	,	,	PUNCT
cblr-2937	712	102	s&p	s&p	PROPN
cblr-2937	712	103	)	)	PUNCT
cblr-2937	712	104	(	(	PUNCT
cblr-2937	712	105	describing	describe	VERB
cblr-2937	712	106	similar	similar	ADJ
cblr-2937	712	107	initiatives	initiative	NOUN
cblr-2937	712	108	at	at	ADP
cblr-2937	712	109	s&p	s&p	PROPN
cblr-2937	712	110	)	)	PUNCT
cblr-2937	712	111	.	.	PUNCT
cblr-2937	713	1	18	18	NUM
cblr-2937	713	2	the	the	DET
cblr-2937	713	3	state	state	NOUN
cblr-2937	713	4	of	of	ADP
cblr-2937	713	5	new	new	PROPN
cblr-2937	713	6	york	york	PROPN
cblr-2937	713	7	,	,	PUNCT
cblr-2937	713	8	following	follow	VERB
cblr-2937	713	9	a	a	DET
cblr-2937	713	10	tradition	tradition	NOUN
cblr-2937	713	11	of	of	ADP
cblr-2937	713	12	sometimes	sometimes	ADV
cblr-2937	713	13	greater	great	ADJ
cblr-2937	713	14	aggression	aggression	NOUN
cblr-2937	713	15	than	than	ADP
cblr-2937	713	16	the	the	DET
cblr-2937	713	17	sec	sec	PROPN
cblr-2937	713	18	in	in	ADP
cblr-2937	713	19	addressing	address	VERB
cblr-2937	713	20	perceived	perceive	VERB
cblr-2937	713	21	systemic	systemic	ADJ
cblr-2937	713	22	problems	problem	NOUN
cblr-2937	713	23	in	in	ADP
cblr-2937	713	24	finance	finance	NOUN
cblr-2937	713	25	,	,	PUNCT
cblr-2937	713	26	announced	announce	VERB
cblr-2937	713	27	a	a	DET
cblr-2937	713	28	settlement	settlement	NOUN
cblr-2937	713	29	with	with	ADP
cblr-2937	713	30	the	the	DET
cblr-2937	713	31	three	three	NUM
cblr-2937	713	32	major	major	ADJ
cblr-2937	713	33	rating	rating	NOUN
cblr-2937	713	34	agencies	agency	NOUN
cblr-2937	713	35	apparently	apparently	ADV
cblr-2937	713	36	intended	intend	VERB
cblr-2937	713	37	to	to	PART
cblr-2937	713	38	address	address	VERB
cblr-2937	713	39	conflicts	conflict	NOUN
cblr-2937	713	40	of	of	ADP
cblr-2937	713	41	interest	interest	NOUN
cblr-2937	713	42	.	.	PUNCT
cblr-2937	714	1	the	the	DET
cblr-2937	714	2	settlement	settlement	NOUN
cblr-2937	714	3	provides	provide	VERB
cblr-2937	714	4	that	that	SCONJ
cblr-2937	714	5	a	a	DET
cblr-2937	714	6	rating	rating	NOUN
cblr-2937	714	7	agency	agency	NOUN
cblr-2937	714	8	would	would	AUX
cblr-2937	714	9	be	be	AUX
cblr-2937	714	10	paid	pay	VERB
cblr-2937	714	11	some	some	DET
cblr-2937	714	12	more	more	ADJ
cblr-2937	714	13	-	-	PUNCT
cblr-2937	714	14	than	than	ADP
cblr-2937	714	15	-	-	PUNCT
cblr-2937	714	16	nominal	nominal	NOUN
cblr-2937	714	17	amount	amount	NOUN
cblr-2937	714	18	to	to	PART
cblr-2937	714	19	review	review	VERB
cblr-2937	714	20	a	a	DET
cblr-2937	714	21	proposed	propose	VERB
cblr-2937	714	22	structured	structured	ADJ
cblr-2937	714	23	finance	finance	NOUN
cblr-2937	714	24	issue	issue	NOUN
cblr-2937	714	25	backed	back	VERB
cblr-2937	714	26	by	by	ADP
cblr-2937	714	27	subprime	subprime	ADJ
cblr-2937	714	28	or	or	CCONJ
cblr-2937	714	29	alt	alt	ADJ
cblr-2937	714	30	-	-	PUNCT
cblr-2937	714	31	a	a	PRON
cblr-2937	714	32	mortgages	mortgage	NOUN
cblr-2937	714	33	,	,	PUNCT
cblr-2937	714	34	even	even	ADV
cblr-2937	714	35	if	if	SCONJ
cblr-2937	714	36	it	it	PRON
cblr-2937	714	37	did	do	AUX
cblr-2937	714	38	not	not	PART
cblr-2937	714	39	ultimately	ultimately	ADV
cblr-2937	714	40	issue	issue	VERB
cblr-2937	714	41	a	a	DET
cblr-2937	714	42	rating	rating	NOUN
cblr-2937	714	43	.	.	PUNCT
cblr-2937	715	1	aaron	aaron	PROPN
cblr-2937	715	2	lucchetti	lucchetti	PROPN
cblr-2937	715	3	,	,	PUNCT
cblr-2937	715	4	bond	bond	NOUN
cblr-2937	715	5	-	-	PUNCT
cblr-2937	715	6	rating	rate	VERB
cblr-2937	715	7	shifts	shift	NOUN
cblr-2937	715	8	loom	loom	VERB
cblr-2937	715	9	in	in	ADP
cblr-2937	715	10	settlement	settlement	NOUN
cblr-2937	715	11	,	,	PUNCT
cblr-2937	715	12	wall	wall	PROPN
cblr-2937	715	13	st	st	PROPN
cblr-2937	715	14	.	.	PROPN
cblr-2937	715	15	j.	j.	PROPN
cblr-2937	715	16	,	,	PUNCT
cblr-2937	715	17	june	june	PROPN
cblr-2937	715	18	4	4	NUM
cblr-2937	715	19	,	,	PUNCT
cblr-2937	715	20	2008	2008	NUM
cblr-2937	715	21	,	,	PUNCT
cblr-2937	715	22	at	at	ADP
cblr-2937	715	23	c1	c1	PROPN
cblr-2937	715	24	.	.	PUNCT
cblr-2937	716	1	the	the	DET
cblr-2937	716	2	settlement	settlement	NOUN
cblr-2937	716	3	agreement	agreement	NOUN
cblr-2937	716	4	also	also	ADV
cblr-2937	716	5	requires	require	VERB
cblr-2937	716	6	the	the	DET
cblr-2937	716	7	firms	firm	NOUN
cblr-2937	716	8	to	to	PART
cblr-2937	716	9	"	"	PUNCT
cblr-2937	716	10	disclose	disclose	VERB
cblr-2937	716	11	on	on	ADP
cblr-2937	716	12	a	a	DET
cblr-2937	716	13	quarterly	quarterly	ADJ
cblr-2937	716	14	basis	basis	NOUN
cblr-2937	716	15	the	the	DET
cblr-2937	716	16	fees	fee	NOUN
cblr-2937	716	17	they	they	PRON
cblr-2937	716	18	are	be	AUX
cblr-2937	716	19	paid	pay	VERB
cblr-2937	716	20	for	for	ADP
cblr-2937	716	21	nonprime	nonprime	NOUN
cblr-2937	716	22	-	-	PUNCT
cblr-2937	716	23	mortgage	mortgage	NOUN
cblr-2937	716	24	-	-	PUNCT
cblr-2937	716	25	backed	back	VERB
cblr-2937	716	26	securities	security	NOUN
cblr-2937	716	27	.	.	PUNCT
cblr-2937	716	28	"	"	PUNCT
cblr-2937	717	1	i	i	PRON
cblr-2937	717	2	d.	d.	PROPN
cblr-2937	717	3	159	159	NUM
cblr-2937	717	4	see	see	VERB
cblr-2937	717	5	15	15	NUM
cblr-2937	717	6	u.s.c	u.s.c	ADJ
cblr-2937	717	7	.	.	PUNCT
cblr-2937	718	1	§	§	NOUN
cblr-2937	718	2	78o-7(h)(2	78o-7(h)(2	NOUN
cblr-2937	718	3	)	)	PUNCT
cblr-2937	718	4	(	(	PUNCT
cblr-2937	718	5	2008	2008	NUM
cblr-2937	718	6	)	)	PUNCT
cblr-2937	718	7	(	(	PUNCT
cblr-2937	718	8	sec	sec	PROPN
cblr-2937	718	9	to	to	PART
cblr-2937	718	10	"	"	PUNCT
cblr-2937	718	11	prohibit	prohibit	VERB
cblr-2937	718	12	"	"	PUNCT
cblr-2937	718	13	or	or	CCONJ
cblr-2937	718	14	"	"	PUNCT
cblr-2937	718	15	require	require	VERB
cblr-2937	718	16	the	the	DET
cblr-2937	718	17	disclosure	disclosure	NOUN
cblr-2937	718	18	and	and	CCONJ
cblr-2937	718	19	management	management	NOUN
cblr-2937	718	20	"	"	PUNCT
cblr-2937	718	21	of	of	ADP
cblr-2937	718	22	nrsro	nrsro	ADJ
cblr-2937	718	23	conflicts	conflict	NOUN
cblr-2937	718	24	of	of	ADP
cblr-2937	718	25	interest	interest	NOUN
cblr-2937	718	26	)	)	PUNCT
cblr-2937	718	27	.	.	PUNCT
cblr-2937	719	1	[	[	X
cblr-2937	719	2	vol	vol	NOUN
cblr-2937	719	3	.	.	PUNCT
cblr-2937	720	1	2009col	2009col	NUM
cblr-2937	720	2	umbia	umbia	NOUN
cblr-2937	720	3	business	business	PROPN
cblr-2937	720	4	la	la	PROPN
cblr-2937	720	5	w	w	PROPN
cblr-2937	720	6	re	re	PROPN
cblr-2937	720	7	vie	vie	PROPN
cblr-2937	720	8	w	w	PROPN
cblr-2937	720	9	credit	credit	NOUN
cblr-2937	720	10	rating	rating	NOUN
cblr-2937	720	11	agencies	agency	NOUN
cblr-2937	720	12	although	although	SCONJ
cblr-2937	720	13	it	it	PRON
cblr-2937	720	14	recognizes	recognize	VERB
cblr-2937	720	15	that	that	SCONJ
cblr-2937	720	16	the	the	DET
cblr-2937	720	17	issuer	issuer	NOUN
cblr-2937	720	18	-	-	PUNCT
cblr-2937	720	19	pays	pay	NOUN
cblr-2937	720	20	model	model	NOUN
cblr-2937	720	21	does	do	AUX
cblr-2937	720	22	in	in	ADP
cblr-2937	720	23	fact	fact	NOUN
cblr-2937	720	24	present	present	VERB
cblr-2937	720	25	such	such	DET
cblr-2937	720	26	a	a	DET
cblr-2937	720	27	conflict	conflict	NOUN
cblr-2937	720	28	,	,	PUNCT
cblr-2937	720	29	6	6	NUM
cblr-2937	720	30	'	'	PUNCT
cblr-2937	720	31	the	the	DET
cblr-2937	720	32	sec	sec	PROPN
cblr-2937	720	33	apparently	apparently	ADV
cblr-2937	720	34	has	have	AUX
cblr-2937	720	35	not	not	PART
cblr-2937	720	36	even	even	ADV
cblr-2937	720	37	considered	consider	VERB
cblr-2937	720	38	banning	ban	VERB
cblr-2937	720	39	the	the	DET
cblr-2937	720	40	practice	practice	NOUN
cblr-2937	720	41	.	.	PUNCT
cblr-2937	721	1	the	the	DET
cblr-2937	721	2	sec	sec	PROPN
cblr-2937	721	3	has	have	AUX
cblr-2937	721	4	not	not	PART
cblr-2937	721	5	explained	explain	VERB
cblr-2937	721	6	its	its	PRON
cblr-2937	721	7	decision	decision	NOUN
cblr-2937	721	8	,	,	PUNCT
cblr-2937	721	9	but	but	CCONJ
cblr-2937	721	10	the	the	DET
cblr-2937	721	11	rating	rating	NOUN
cblr-2937	721	12	agencies	agency	NOUN
cblr-2937	721	13	have	have	AUX
cblr-2937	721	14	argued	argue	VERB
cblr-2937	721	15	that	that	SCONJ
cblr-2937	721	16	the	the	DET
cblr-2937	721	17	issuer	issuer	NOUN
cblr-2937	721	18	-	-	PUNCT
cblr-2937	721	19	pays	pay	NOUN
cblr-2937	721	20	model	model	NOUN
cblr-2937	721	21	"	"	PUNCT
cblr-2937	721	22	promotes	promote	VERB
cblr-2937	721	23	the	the	DET
cblr-2937	721	24	wide	wide	ADJ
cblr-2937	721	25	and	and	CCONJ
cblr-2937	721	26	free	free	ADJ
cblr-2937	721	27	dissemination	dissemination	NOUN
cblr-2937	721	28	of	of	ADP
cblr-2937	721	29	information	information	NOUN
cblr-2937	721	30	to	to	ADP
cblr-2937	721	31	the	the	DET
cblr-2937	721	32	market	market	NOUN
cblr-2937	721	33	quickly	quickly	ADV
cblr-2937	721	34	"	"	PUNCT
cblr-2937	721	35	and	and	CCONJ
cblr-2937	721	36	consequently	consequently	ADV
cblr-2937	721	37	promotes	promote	VERB
cblr-2937	721	38	market	market	NOUN
cblr-2937	721	39	scrutiny	scrutiny	NOUN
cblr-2937	721	40	of	of	ADP
cblr-2937	721	41	agency	agency	NOUN
cblr-2937	721	42	ratings	rating	NOUN
cblr-2937	721	43	.	.	PUNCT
cblr-2937	721	44	'	'	PUNCT
cblr-2937	722	1	the	the	DET
cblr-2937	722	2	sec	sec	PROPN
cblr-2937	722	3	's	's	PART
cblr-2937	722	4	light	light	ADJ
cblr-2937	722	5	-	-	PUNCT
cblr-2937	722	6	handed	handed	ADJ
cblr-2937	722	7	approach	approach	NOUN
cblr-2937	722	8	suggests	suggest	VERB
cblr-2937	722	9	that	that	SCONJ
cblr-2937	722	10	the	the	DET
cblr-2937	722	11	commission	commission	NOUN
cblr-2937	722	12	believes	believe	VERB
cblr-2937	722	13	in	in	ADP
cblr-2937	722	14	the	the	DET
cblr-2937	722	15	power	power	NOUN
cblr-2937	722	16	of	of	ADP
cblr-2937	722	17	reputation	reputation	NOUN
cblr-2937	722	18	.	.	PUNCT
cblr-2937	723	1	after	after	ADV
cblr-2937	723	2	all	all	ADV
cblr-2937	723	3	,	,	PUNCT
cblr-2937	723	4	in	in	ADP
cblr-2937	723	5	a	a	DET
cblr-2937	723	6	competitive	competitive	ADJ
cblr-2937	723	7	,	,	PUNCT
cblr-2937	723	8	transparent	transparent	ADJ
cblr-2937	723	9	market	market	NOUN
cblr-2937	723	10	where	where	SCONJ
cblr-2937	723	11	agencies	agency	NOUN
cblr-2937	723	12	make	make	VERB
cblr-2937	723	13	money	money	NOUN
cblr-2937	723	14	because	because	SCONJ
cblr-2937	723	15	investors	investor	NOUN
cblr-2937	723	16	value	value	VERB
cblr-2937	723	17	ratings	rating	NOUN
cblr-2937	723	18	'	'	PART
cblr-2937	723	19	informational	informational	ADJ
cblr-2937	723	20	content	content	NOUN
cblr-2937	723	21	,	,	PUNCT
cblr-2937	723	22	there	there	PRON
cblr-2937	723	23	may	may	AUX
cblr-2937	723	24	be	be	AUX
cblr-2937	723	25	no	no	DET
cblr-2937	723	26	need	need	NOUN
cblr-2937	723	27	for	for	ADP
cblr-2937	723	28	intrusive	intrusive	ADJ
cblr-2937	723	29	conduct	conduct	NOUN
cblr-2937	723	30	regulations	regulation	NOUN
cblr-2937	723	31	such	such	ADJ
cblr-2937	723	32	as	as	ADP
cblr-2937	723	33	substantive	substantive	ADJ
cblr-2937	723	34	regulatory	regulatory	ADJ
cblr-2937	723	35	review	review	NOUN
cblr-2937	723	36	of	of	ADP
cblr-2937	723	37	internal	internal	ADJ
cblr-2937	723	38	procedures	procedure	NOUN
cblr-2937	723	39	.	.	PUNCT
cblr-2937	724	1	according	accord	VERB
cblr-2937	724	2	to	to	ADP
cblr-2937	724	3	the	the	DET
cblr-2937	724	4	reputational	reputational	ADJ
cblr-2937	724	5	model	model	NOUN
cblr-2937	724	6	,	,	PUNCT
cblr-2937	724	7	rating	rating	NOUN
cblr-2937	724	8	agencies	agency	NOUN
cblr-2937	724	9	that	that	PRON
cblr-2937	724	10	inflate	inflate	VERB
cblr-2937	724	11	ratings	rating	NOUN
cblr-2937	724	12	to	to	PART
cblr-2937	724	13	please	please	VERB
cblr-2937	724	14	issuers	issuer	NOUN
cblr-2937	724	15	willeventually	willeventually	ADV
cblr-2937	724	16	-	-	PUNCT
cblr-2937	724	17	lose	lose	VERB
cblr-2937	724	18	investor	investor	NOUN
cblr-2937	724	19	trust	trust	NOUN
cblr-2937	724	20	and	and	CCONJ
cblr-2937	724	21	fail	fail	VERB
cblr-2937	724	22	.	.	PUNCT
cblr-2937	725	1	iv	iv	X
cblr-2937	725	2	.	.	PUNCT
cblr-2937	725	3	rating	rating	NOUN
cblr-2937	725	4	agency	agency	NOUN
cblr-2937	725	5	reputation	reputation	NOUN
cblr-2937	725	6	is	be	AUX
cblr-2937	725	7	not	not	PART
cblr-2937	725	8	likely	likely	ADJ
cblr-2937	725	9	to	to	PART
cblr-2937	725	10	constrain	constrain	VERB
cblr-2937	725	11	low	low	ADJ
cblr-2937	725	12	-	-	PUNCT
cblr-2937	725	13	quality	quality	NOUN
cblr-2937	725	14	rating	rating	NOUN
cblr-2937	725	15	of	of	ADP
cblr-2937	725	16	novel	novel	ADJ
cblr-2937	725	17	products	product	NOUN
cblr-2937	725	18	this	this	DET
cblr-2937	725	19	part	part	NOUN
cblr-2937	725	20	argues	argue	VERB
cblr-2937	725	21	that	that	SCONJ
cblr-2937	725	22	even	even	ADV
cblr-2937	725	23	a	a	DET
cblr-2937	725	24	well	well	ADV
cblr-2937	725	25	-	-	PUNCT
cblr-2937	725	26	functioning	function	VERB
cblr-2937	725	27	reputation	reputation	NOUN
cblr-2937	725	28	mechanism	mechanism	NOUN
cblr-2937	725	29	is	be	AUX
cblr-2937	725	30	unlikely	unlikely	ADJ
cblr-2937	725	31	to	to	PART
cblr-2937	725	32	constrain	constrain	VERB
cblr-2937	725	33	rating	rating	NOUN
cblr-2937	725	34	agencies	agency	NOUN
cblr-2937	725	35	from	from	ADP
cblr-2937	725	36	issuing	issue	VERB
cblr-2937	725	37	ratings	rating	NOUN
cblr-2937	725	38	on	on	ADP
cblr-2937	725	39	novel	novel	ADJ
cblr-2937	725	40	securities	security	NOUN
cblr-2937	725	41	they	they	PRON
cblr-2937	725	42	do	do	AUX
cblr-2937	725	43	not	not	PART
cblr-2937	725	44	know	know	VERB
cblr-2937	725	45	how	how	SCONJ
cblr-2937	725	46	to	to	ADP
cblr-2937	725	47	160	160	NUM
cblr-2937	725	48	17	17	NUM
cblr-2937	725	49	c.f.r	c.f.r	NOUN
cblr-2937	725	50	.	.	PUNCT
cblr-2937	726	1	§	§	PROPN
cblr-2937	726	2	240.17g-(5)(b)(1)-(3	240.17g-(5)(b)(1)-(3	NUM
cblr-2937	726	3	)	)	PUNCT
cblr-2937	726	4	;	;	PUNCT
cblr-2937	726	5	see	see	VERB
cblr-2937	726	6	also	also	ADV
cblr-2937	726	7	2008	2008	NUM
cblr-2937	726	8	sec	sec	PROPN
cblr-2937	726	9	nrsro	nrsro	ADJ
cblr-2937	726	10	report	report	NOUN
cblr-2937	726	11	,	,	PUNCT
cblr-2937	726	12	supra	supra	PROPN
cblr-2937	726	13	note	note	NOUN
cblr-2937	726	14	4	4	NUM
cblr-2937	726	15	,	,	PUNCT
cblr-2937	726	16	at	at	ADP
cblr-2937	726	17	41	41	NUM
cblr-2937	726	18	(	(	PUNCT
cblr-2937	726	19	"	"	PUNCT
cblr-2937	726	20	nrsros	nrsro	NOUN
cblr-2937	726	21	that	that	PRON
cblr-2937	726	22	are	be	AUX
cblr-2937	726	23	compensated	compensate	VERB
cblr-2937	726	24	by	by	ADP
cblr-2937	726	25	subscribers	subscriber	NOUN
cblr-2937	726	26	appear	appear	VERB
cblr-2937	726	27	less	less	ADV
cblr-2937	726	28	likely	likely	ADJ
cblr-2937	726	29	to	to	PART
cblr-2937	726	30	be	be	AUX
cblr-2937	726	31	susceptible	susceptible	ADJ
cblr-2937	726	32	to	to	ADP
cblr-2937	726	33	'	'	PUNCT
cblr-2937	726	34	ratings	rating	NOUN
cblr-2937	726	35	shopping	shopping	NOUN
cblr-2937	726	36	'	'	PUNCT
cblr-2937	726	37	or	or	CCONJ
cblr-2937	726	38	reducing	reduce	VERB
cblr-2937	726	39	quality	quality	NOUN
cblr-2937	726	40	for	for	ADP
cblr-2937	726	41	initial	initial	ADJ
cblr-2937	726	42	ratings	rating	NOUN
cblr-2937	726	43	to	to	PART
cblr-2937	726	44	induce	induce	VERB
cblr-2937	726	45	revenues	revenue	NOUN
cblr-2937	726	46	.	.	PUNCT
cblr-2937	727	1	..	..	PUNCT
cblr-2937	727	2	"	"	PUNCT
cblr-2937	727	3	)	)	PUNCT
cblr-2937	727	4	.	.	PUNCT
cblr-2937	728	1	161	161	NUM
cblr-2937	728	2	see	see	VERB
cblr-2937	728	3	senate	senate	PROPN
cblr-2937	728	4	cra	cra	PROPN
cblr-2937	728	5	oversight	oversight	NOUN
cblr-2937	728	6	hearings	hearing	NOUN
cblr-2937	728	7	,	,	PUNCT
cblr-2937	728	8	supra	supra	PROPN
cblr-2937	728	9	note	note	PROPN
cblr-2937	728	10	62	62	NUM
cblr-2937	728	11	,	,	PUNCT
cblr-2937	728	12	at	at	ADP
cblr-2937	728	13	10	10	NUM
cblr-2937	728	14	-	-	SYM
cblr-2937	728	15	11	11	NUM
cblr-2937	728	16	(	(	PUNCT
cblr-2937	728	17	prepared	prepared	ADJ
cblr-2937	728	18	testimony	testimony	NOUN
cblr-2937	728	19	of	of	ADP
cblr-2937	728	20	vickie	vickie	PROPN
cblr-2937	728	21	a.	a.	PROPN
cblr-2937	728	22	tillman	tillman	PROPN
cblr-2937	728	23	,	,	PUNCT
cblr-2937	728	24	executive	executive	ADJ
cblr-2937	728	25	vice	vice	NOUN
cblr-2937	728	26	president	president	NOUN
cblr-2937	728	27	,	,	PUNCT
cblr-2937	728	28	s&p	s&p	PROPN
cblr-2937	728	29	)	)	PUNCT
cblr-2937	728	30	.	.	PUNCT
cblr-2937	729	1	it	it	PRON
cblr-2937	729	2	seems	seem	VERB
cblr-2937	729	3	questionable	questionable	ADJ
cblr-2937	729	4	,	,	PUNCT
cblr-2937	729	5	to	to	PART
cblr-2937	729	6	say	say	VERB
cblr-2937	729	7	the	the	DET
cblr-2937	729	8	least	least	ADJ
cblr-2937	729	9	,	,	PUNCT
cblr-2937	729	10	whether	whether	SCONJ
cblr-2937	729	11	the	the	DET
cblr-2937	729	12	benefits	benefit	NOUN
cblr-2937	729	13	of	of	ADP
cblr-2937	729	14	making	make	VERB
cblr-2937	729	15	ratings	rating	NOUN
cblr-2937	729	16	available	available	ADJ
cblr-2937	729	17	to	to	PART
cblr-2937	729	18	end	end	VERB
cblr-2937	729	19	users	user	NOUN
cblr-2937	729	20	who	who	PRON
cblr-2937	729	21	are	be	AUX
cblr-2937	729	22	not	not	PART
cblr-2937	729	23	willing	willing	ADJ
cblr-2937	729	24	to	to	PART
cblr-2937	729	25	pay	pay	VERB
cblr-2937	729	26	for	for	ADP
cblr-2937	729	27	them	they	PRON
cblr-2937	729	28	outweigh	outweigh	VERB
cblr-2937	729	29	the	the	DET
cblr-2937	729	30	cost	cost	NOUN
cblr-2937	729	31	of	of	ADP
cblr-2937	729	32	embedding	embed	VERB
cblr-2937	729	33	a	a	DET
cblr-2937	729	34	fundamental	fundamental	ADJ
cblr-2937	729	35	conflict	conflict	NOUN
cblr-2937	729	36	of	of	ADP
cblr-2937	729	37	interest	interest	NOUN
cblr-2937	729	38	in	in	ADP
cblr-2937	729	39	the	the	DET
cblr-2937	729	40	system	system	NOUN
cblr-2937	729	41	.	.	PUNCT
cblr-2937	730	1	in	in	ADP
cblr-2937	730	2	a	a	DET
cblr-2937	730	3	forthcoming	forthcoming	ADJ
cblr-2937	730	4	article	article	NOUN
cblr-2937	730	5	,	,	PUNCT
cblr-2937	730	6	jeffrey	jeffrey	PROPN
cblr-2937	730	7	manns	manns	PROPN
cblr-2937	730	8	argues	argue	VERB
cblr-2937	730	9	that	that	SCONJ
cblr-2937	730	10	a	a	DET
cblr-2937	730	11	user	user	NOUN
cblr-2937	730	12	-	-	PUNCT
cblr-2937	730	13	fee	fee	NOUN
cblr-2937	730	14	system	system	NOUN
cblr-2937	730	15	could	could	AUX
cblr-2937	730	16	preserve	preserve	VERB
cblr-2937	730	17	the	the	DET
cblr-2937	730	18	public	public	ADJ
cblr-2937	730	19	availability	availability	NOUN
cblr-2937	730	20	of	of	ADP
cblr-2937	730	21	ratings	rating	NOUN
cblr-2937	730	22	while	while	SCONJ
cblr-2937	730	23	resolving	resolve	VERB
cblr-2937	730	24	the	the	DET
cblr-2937	730	25	issuer	issuer	NOUN
cblr-2937	730	26	-	-	PUNCT
cblr-2937	730	27	pays	pay	VERB
cblr-2937	730	28	conflict	conflict	NOUN
cblr-2937	730	29	.	.	PUNCT
cblr-2937	731	1	jeffrey	jeffrey	PROPN
cblr-2937	731	2	david	david	PROPN
cblr-2937	731	3	manns	manns	PROPN
cblr-2937	731	4	,	,	PUNCT
cblr-2937	731	5	rating	rating	NOUN
cblr-2937	731	6	risk	risk	NOUN
cblr-2937	731	7	after	after	ADP
cblr-2937	731	8	the	the	DET
cblr-2937	731	9	subprime	subprime	ADJ
cblr-2937	731	10	mortgage	mortgage	NOUN
cblr-2937	731	11	crisis	crisis	NOUN
cblr-2937	731	12	,	,	PUNCT
cblr-2937	731	13	n.c	n.c	PROPN
cblr-2937	731	14	.	.	PROPN
cblr-2937	731	15	l.	l.	PROPN
cblr-2937	731	16	rev	rev	PROPN
cblr-2937	731	17	.	.	PUNCT
cblr-2937	732	1	(	(	PUNCT
cblr-2937	732	2	forthcoming	forthcoming	ADJ
cblr-2937	732	3	2009	2009	NUM
cblr-2937	732	4	)	)	PUNCT
cblr-2937	732	5	(	(	PUNCT
cblr-2937	732	6	manuscript	manuscript	NOUN
cblr-2937	732	7	at	at	ADP
cblr-2937	732	8	47	47	NUM
cblr-2937	732	9	-	-	SYM
cblr-2937	732	10	56	56	NUM
cblr-2937	732	11	)	)	PUNCT
cblr-2937	732	12	,	,	PUNCT
cblr-2937	732	13	available	available	ADJ
cblr-2937	732	14	at	at	ADP
cblr-2937	732	15	http://ssrn.com/abstract=1199622	http://ssrn.com/abstract=1199622	PROPN
cblr-2937	732	16	.	.	PUNCT
cblr-2937	733	1	the	the	DET
cblr-2937	733	2	user	user	NOUN
cblr-2937	733	3	-	-	PUNCT
cblr-2937	733	4	fee	fee	NOUN
cblr-2937	733	5	idea	idea	NOUN
cblr-2937	733	6	is	be	AUX
cblr-2937	733	7	an	an	DET
cblr-2937	733	8	interesting	interesting	ADJ
cblr-2937	733	9	candidate	candidate	NOUN
cblr-2937	733	10	for	for	ADP
cblr-2937	733	11	resolving	resolve	VERB
cblr-2937	733	12	the	the	DET
cblr-2937	733	13	competing	compete	VERB
cblr-2937	733	14	concerns	concern	NOUN
cblr-2937	733	15	presented	present	VERB
cblr-2937	733	16	,	,	PUNCT
cblr-2937	733	17	although	although	SCONJ
cblr-2937	733	18	it	it	PRON
cblr-2937	733	19	seems	seem	VERB
cblr-2937	733	20	to	to	PART
cblr-2937	733	21	have	have	VERB
cblr-2937	733	22	the	the	DET
cblr-2937	733	23	drawback	drawback	NOUN
cblr-2937	733	24	of	of	ADP
cblr-2937	733	25	insulating	insulate	VERB
cblr-2937	733	26	agencies	agency	NOUN
cblr-2937	733	27	from	from	ADP
cblr-2937	733	28	market	market	NOUN
cblr-2937	733	29	discipline	discipline	NOUN
cblr-2937	733	30	.	.	PUNCT
cblr-2937	734	1	no	no	INTJ
cblr-2937	734	2	.	.	PUNCT
cblr-2937	735	1	1:109	1:109	NUM
cblr-2937	735	2	]	]	X
cblr-2937	735	3	columbia	columbia	PROPN
cblr-2937	735	4	business	business	PROPN
cblr-2937	735	5	law	law	PROPN
cblr-2937	735	6	review	review	NOUN
cblr-2937	735	7	rate	rate	NOUN
cblr-2937	735	8	.	.	PUNCT
cblr-2937	736	1	it	it	PRON
cblr-2937	736	2	follows	follow	VERB
cblr-2937	736	3	that	that	SCONJ
cblr-2937	736	4	reputation	reputation	NOUN
cblr-2937	736	5	did	do	AUX
cblr-2937	736	6	not	not	PART
cblr-2937	736	7	constrain	constrain	VERB
cblr-2937	736	8	rating	rating	NOUN
cblr-2937	736	9	agencies	agency	NOUN
cblr-2937	736	10	from	from	ADP
cblr-2937	736	11	issuing	issue	VERB
cblr-2937	736	12	low	low	ADJ
cblr-2937	736	13	-	-	PUNCT
cblr-2937	736	14	quality	quality	NOUN
cblr-2937	736	15	ratings	rating	NOUN
cblr-2937	736	16	on	on	ADP
cblr-2937	736	17	novel	novel	ADJ
cblr-2937	736	18	products	product	NOUN
cblr-2937	736	19	in	in	ADP
cblr-2937	736	20	the	the	DET
cblr-2937	736	21	past	past	NOUN
cblr-2937	736	22	,	,	PUNCT
cblr-2937	736	23	does	do	AUX
cblr-2937	736	24	not	not	PART
cblr-2937	736	25	do	do	AUX
cblr-2937	736	26	so	so	ADV
cblr-2937	736	27	in	in	ADP
cblr-2937	736	28	the	the	DET
cblr-2937	736	29	present	present	NOUN
cblr-2937	736	30	,	,	PUNCT
cblr-2937	736	31	and	and	CCONJ
cblr-2937	736	32	is	be	AUX
cblr-2937	736	33	unlikely	unlikely	ADJ
cblr-2937	736	34	to	to	PART
cblr-2937	736	35	do	do	VERB
cblr-2937	736	36	so	so	ADV
cblr-2937	736	37	in	in	ADP
cblr-2937	736	38	the	the	DET
cblr-2937	736	39	future	future	NOUN
cblr-2937	736	40	,	,	PUNCT
cblr-2937	736	41	even	even	ADV
cblr-2937	736	42	if	if	SCONJ
cblr-2937	736	43	the	the	DET
cblr-2937	736	44	reputation	reputation	NOUN
cblr-2937	736	45	-	-	PUNCT
cblr-2937	736	46	enhancing	enhance	VERB
cblr-2937	736	47	mechanisms	mechanism	NOUN
cblr-2937	736	48	under	under	ADP
cblr-2937	736	49	consideration	consideration	NOUN
cblr-2937	736	50	are	be	AUX
cblr-2937	736	51	successful	successful	ADJ
cblr-2937	736	52	.	.	PUNCT
cblr-2937	737	1	there	there	PRON
cblr-2937	737	2	is	be	VERB
cblr-2937	737	3	a	a	DET
cblr-2937	737	4	problem	problem	NOUN
cblr-2937	737	5	in	in	ADP
cblr-2937	737	6	the	the	DET
cblr-2937	737	7	rating	rating	NOUN
cblr-2937	737	8	market	market	NOUN
cblr-2937	737	9	that	that	PRON
cblr-2937	737	10	does	do	AUX
cblr-2937	737	11	not	not	PART
cblr-2937	737	12	arise	arise	VERB
cblr-2937	737	13	from	from	ADP
cblr-2937	737	14	any	any	PRON
cblr-2937	737	15	of	of	ADP
cblr-2937	737	16	the	the	DET
cblr-2937	737	17	specific	specific	ADJ
cblr-2937	737	18	deficiencies	deficiency	NOUN
cblr-2937	737	19	that	that	PRON
cblr-2937	737	20	have	have	AUX
cblr-2937	737	21	been	be	AUX
cblr-2937	737	22	identified	identify	VERB
cblr-2937	737	23	and	and	CCONJ
cblr-2937	737	24	that	that	PRON
cblr-2937	737	25	will	will	AUX
cblr-2937	737	26	persist	persist	VERB
cblr-2937	737	27	even	even	ADV
cblr-2937	737	28	if	if	SCONJ
cblr-2937	737	29	remedies	remedy	NOUN
cblr-2937	737	30	under	under	ADP
cblr-2937	737	31	consideration	consideration	NOUN
cblr-2937	737	32	are	be	AUX
cblr-2937	737	33	successful	successful	ADJ
cblr-2937	737	34	at	at	ADP
cblr-2937	737	35	combating	combat	VERB
cblr-2937	737	36	the	the	DET
cblr-2937	737	37	specific	specific	ADJ
cblr-2937	737	38	deficiencies	deficiency	NOUN
cblr-2937	737	39	at	at	ADP
cblr-2937	737	40	which	which	PRON
cblr-2937	737	41	they	they	PRON
cblr-2937	737	42	are	be	AUX
cblr-2937	737	43	aimed	aim	VERB
cblr-2937	737	44	.	.	PUNCT
cblr-2937	738	1	this	this	DET
cblr-2937	738	2	part	part	NOUN
cblr-2937	738	3	first	first	ADJ
cblr-2937	738	4	defines	define	VERB
cblr-2937	738	5	rating	rating	NOUN
cblr-2937	738	6	quality	quality	NOUN
cblr-2937	738	7	,	,	PUNCT
cblr-2937	738	8	then	then	ADV
cblr-2937	738	9	presents	present	VERB
cblr-2937	738	10	a	a	DET
cblr-2937	738	11	simple	simple	ADJ
cblr-2937	738	12	,	,	PUNCT
cblr-2937	738	13	general	general	ADJ
cblr-2937	738	14	setting	setting	NOUN
cblr-2937	738	15	in	in	ADP
cblr-2937	738	16	which	which	PRON
cblr-2937	738	17	reputation	reputation	NOUN
cblr-2937	738	18	is	be	AUX
cblr-2937	738	19	valuable	valuable	ADJ
cblr-2937	738	20	but	but	CCONJ
cblr-2937	738	21	in	in	ADP
cblr-2937	738	22	which	which	PRON
cblr-2937	738	23	rating	rating	NOUN
cblr-2937	738	24	agencies	agency	NOUN
cblr-2937	738	25	will	will	AUX
cblr-2937	738	26	not	not	PART
cblr-2937	738	27	be	be	AUX
cblr-2937	738	28	deterred	deter	VERB
cblr-2937	738	29	from	from	ADP
cblr-2937	738	30	issuing	issue	VERB
cblr-2937	738	31	lowquality	lowquality	NOUN
cblr-2937	738	32	ratings	rating	NOUN
cblr-2937	738	33	on	on	ADP
cblr-2937	738	34	novel	novel	ADJ
cblr-2937	738	35	products	product	NOUN
cblr-2937	738	36	.	.	PUNCT
cblr-2937	739	1	it	it	PRON
cblr-2937	739	2	then	then	ADV
cblr-2937	739	3	defends	defend	VERB
cblr-2937	739	4	key	key	ADJ
cblr-2937	739	5	features	feature	NOUN
cblr-2937	739	6	of	of	ADP
cblr-2937	739	7	the	the	DET
cblr-2937	739	8	simple	simple	ADJ
cblr-2937	739	9	setting	setting	NOUN
cblr-2937	739	10	.	.	PUNCT
cblr-2937	740	1	a.	a.	NOUN
cblr-2937	740	2	defining	define	VERB
cblr-2937	740	3	rating	rating	NOUN
cblr-2937	740	4	quality	quality	NOUN
cblr-2937	740	5	the	the	DET
cblr-2937	740	6	idea	idea	NOUN
cblr-2937	740	7	that	that	SCONJ
cblr-2937	740	8	reputation	reputation	NOUN
cblr-2937	740	9	guarantees	guarantee	VERB
cblr-2937	740	10	quality	quality	NOUN
cblr-2937	740	11	depends	depend	VERB
cblr-2937	740	12	on	on	ADP
cblr-2937	740	13	the	the	DET
cblr-2937	740	14	agencies	agency	NOUN
cblr-2937	740	15	'	'	PART
cblr-2937	740	16	ability	ability	NOUN
cblr-2937	740	17	to	to	PART
cblr-2937	740	18	cultivate	cultivate	VERB
cblr-2937	740	19	a	a	DET
cblr-2937	740	20	reputation	reputation	NOUN
cblr-2937	740	21	for	for	ADP
cblr-2937	740	22	high	high	ADJ
cblr-2937	740	23	-	-	PUNCT
cblr-2937	740	24	quality	quality	NOUN
cblr-2937	740	25	ratings	rating	NOUN
cblr-2937	740	26	,	,	PUNCT
cblr-2937	740	27	so	so	SCONJ
cblr-2937	740	28	this	this	DET
cblr-2937	740	29	section	section	NOUN
cblr-2937	740	30	begins	begin	VERB
cblr-2937	740	31	by	by	ADP
cblr-2937	740	32	defining	define	VERB
cblr-2937	740	33	what	what	PRON
cblr-2937	740	34	"	"	PUNCT
cblr-2937	740	35	quality	quality	NOUN
cblr-2937	740	36	"	"	PUNCT
cblr-2937	740	37	is	be	AUX
cblr-2937	740	38	in	in	ADP
cblr-2937	740	39	the	the	DET
cblr-2937	740	40	rating	rating	NOUN
cblr-2937	740	41	context	context	NOUN
cblr-2937	740	42	.	.	PUNCT
cblr-2937	741	1	i	i	PRON
cblr-2937	741	2	employ	employ	VERB
cblr-2937	741	3	the	the	DET
cblr-2937	741	4	definitions	definition	NOUN
cblr-2937	741	5	of	of	ADP
cblr-2937	741	6	"	"	PUNCT
cblr-2937	741	7	quality	quality	NOUN
cblr-2937	741	8	"	"	PUNCT
cblr-2937	741	9	that	that	SCONJ
cblr-2937	741	10	the	the	DET
cblr-2937	741	11	rating	rating	NOUN
cblr-2937	741	12	agencies	agency	NOUN
cblr-2937	741	13	themselves	themselves	PRON
cblr-2937	741	14	have	have	AUX
cblr-2937	741	15	adopted	adopt	VERB
cblr-2937	741	16	.	.	PUNCT
cblr-2937	742	1	because	because	SCONJ
cblr-2937	742	2	investors	investor	NOUN
cblr-2937	742	3	use	use	VERB
cblr-2937	742	4	ratings	rating	NOUN
cblr-2937	742	5	for	for	ADP
cblr-2937	742	6	purposes	purpose	NOUN
cblr-2937	742	7	beyond	beyond	ADP
cblr-2937	742	8	those	those	PRON
cblr-2937	742	9	for	for	ADP
cblr-2937	742	10	which	which	PRON
cblr-2937	742	11	the	the	DET
cblr-2937	742	12	agencies	agency	NOUN
cblr-2937	742	13	say	say	VERB
cblr-2937	742	14	they	they	PRON
cblr-2937	742	15	are	be	AUX
cblr-2937	742	16	designed,'62	designed,'62	PROPN
cblr-2937	742	17	and	and	CCONJ
cblr-2937	742	18	tort	tort	NOUN
cblr-2937	742	19	-	-	PUNCT
cblr-2937	742	20	law	law	NOUN
cblr-2937	742	21	precedent	precedent	NOUN
cblr-2937	742	22	would	would	AUX
cblr-2937	742	23	suggest	suggest	VERB
cblr-2937	742	24	that	that	SCONJ
cblr-2937	742	25	the	the	DET
cblr-2937	742	26	purpose	purpose	NOUN
cblr-2937	742	27	for	for	ADP
cblr-2937	742	28	which	which	PRON
cblr-2937	742	29	a	a	DET
cblr-2937	742	30	product	product	NOUN
cblr-2937	742	31	is	be	AUX
cblr-2937	742	32	actually	actually	ADV
cblr-2937	742	33	used	use	VERB
cblr-2937	742	34	should	should	AUX
cblr-2937	742	35	define	define	VERB
cblr-2937	742	36	the	the	DET
cblr-2937	742	37	scope	scope	NOUN
cblr-2937	742	38	of	of	ADP
cblr-2937	742	39	the	the	DET
cblr-2937	742	40	producer	producer	NOUN
cblr-2937	742	41	's	's	PART
cblr-2937	742	42	responsibility,163	responsibility,163	NOUN
cblr-2937	742	43	using	use	VERB
cblr-2937	742	44	the	the	DET
cblr-2937	742	45	agencies	agency	NOUN
cblr-2937	742	46	'	'	PART
cblr-2937	742	47	definition	definition	NOUN
cblr-2937	742	48	of	of	ADP
cblr-2937	742	49	rating	rating	NOUN
cblr-2937	742	50	quality	quality	NOUN
cblr-2937	742	51	is	be	AUX
cblr-2937	742	52	a	a	DET
cblr-2937	742	53	conservative	conservative	ADJ
cblr-2937	742	54	approach	approach	NOUN
cblr-2937	742	55	.	.	PUNCT
cblr-2937	743	1	if	if	SCONJ
cblr-2937	743	2	the	the	DET
cblr-2937	743	3	agencies	agency	NOUN
cblr-2937	743	4	do	do	VERB
cblr-2937	743	5	a	a	DET
cblr-2937	743	6	poor	poor	ADJ
cblr-2937	743	7	job	job	NOUN
cblr-2937	743	8	according	accord	VERB
cblr-2937	743	9	to	to	ADP
cblr-2937	743	10	their	their	PRON
cblr-2937	743	11	own	own	ADJ
cblr-2937	743	12	measures	measure	NOUN
cblr-2937	743	13	,	,	PUNCT
cblr-2937	743	14	it	it	PRON
cblr-2937	743	15	is	be	AUX
cblr-2937	743	16	unlikely	unlikely	ADJ
cblr-2937	743	17	that	that	SCONJ
cblr-2937	743	18	they	they	PRON
cblr-2937	743	19	do	do	VERB
cblr-2937	743	20	better	well	ADV
cblr-2937	743	21	according	accord	VERB
cblr-2937	743	22	to	to	ADP
cblr-2937	743	23	other	other	ADJ
cblr-2937	743	24	measures	measure	NOUN
cblr-2937	743	25	.	.	PUNCT
cblr-2937	744	1	162	162	NUM
cblr-2937	744	2	structured	structured	ADJ
cblr-2937	744	3	finance	finance	NOUN
cblr-2937	744	4	rating	rating	NOUN
cblr-2937	744	5	performance	performance	NOUN
cblr-2937	744	6	2007	2007	NUM
cblr-2937	744	7	,	,	PUNCT
cblr-2937	744	8	supra	supra	PROPN
cblr-2937	744	9	note	note	NOUN
cblr-2937	744	10	106	106	NUM
cblr-2937	744	11	,	,	PUNCT
cblr-2937	744	12	at	at	ADP
cblr-2937	744	13	4	4	NUM
cblr-2937	744	14	(	(	PUNCT
cblr-2937	744	15	"	"	PUNCT
cblr-2937	744	16	[	[	X
cblr-2937	744	17	a]lthough	a]lthough	ADP
cblr-2937	744	18	relative	relative	ADJ
cblr-2937	744	19	rating	rating	NOUN
cblr-2937	744	20	accuracy	accuracy	NOUN
cblr-2937	744	21	is	be	AUX
cblr-2937	744	22	our	our	PRON
cblr-2937	744	23	primary	primary	ADJ
cblr-2937	744	24	objective	objective	NOUN
cblr-2937	744	25	,	,	PUNCT
cblr-2937	744	26	moody	moody	PROPN
cblr-2937	744	27	's	's	PART
cblr-2937	744	28	recognizes	recognize	VERB
cblr-2937	744	29	that	that	SCONJ
cblr-2937	744	30	many	many	ADJ
cblr-2937	744	31	investors	investor	NOUN
cblr-2937	744	32	are	be	AUX
cblr-2937	744	33	also	also	ADV
cblr-2937	744	34	concerned	concerned	ADJ
cblr-2937	744	35	with	with	ADP
cblr-2937	744	36	the	the	DET
cblr-2937	744	37	cardinal	cardinal	ADJ
cblr-2937	744	38	accuracy	accuracy	NOUN
cblr-2937	744	39	of	of	ADP
cblr-2937	744	40	the	the	DET
cblr-2937	744	41	rating	rating	NOUN
cblr-2937	744	42	system	system	NOUN
cblr-2937	744	43	.	.	PUNCT
cblr-2937	744	44	"	"	PUNCT
cblr-2937	744	45	)	)	PUNCT
cblr-2937	744	46	;	;	PUNCT
cblr-2937	744	47	i	i	PRON
cblr-2937	744	48	d.	d.	PROPN
cblr-2937	744	49	(	(	PUNCT
cblr-2937	744	50	moody	moody	PROPN
cblr-2937	744	51	's	's	PART
cblr-2937	744	52	tracks	track	NOUN
cblr-2937	744	53	cardinal	cardinal	ADJ
cblr-2937	744	54	-	-	PUNCT
cblr-2937	744	55	accuracy	accuracy	NOUN
cblr-2937	744	56	measures	measure	NOUN
cblr-2937	744	57	including	include	VERB
cblr-2937	744	58	investment	investment	NOUN
cblr-2937	744	59	-	-	PUNCT
cblr-2937	744	60	grade	grade	NOUN
cblr-2937	744	61	loss	loss	NOUN
cblr-2937	744	62	rates	rate	NOUN
cblr-2937	744	63	and	and	CCONJ
cblr-2937	744	64	average	average	ADJ
cblr-2937	744	65	rating	rating	NOUN
cblr-2937	744	66	during	during	ADP
cblr-2937	744	67	thirty	thirty	NUM
cblr-2937	744	68	-	-	PUNCT
cblr-2937	744	69	six	six	NUM
cblr-2937	744	70	months	month	NOUN
cblr-2937	744	71	before	before	ADP
cblr-2937	744	72	default	default	NOUN
cblr-2937	744	73	)	)	PUNCT
cblr-2937	744	74	.	.	PUNCT
cblr-2937	745	1	1	1	NUM
cblr-2937	745	2	see	see	VERB
cblr-2937	745	3	,	,	PUNCT
cblr-2937	745	4	e.g.	e.g.	ADV
cblr-2937	745	5	,	,	PUNCT
cblr-2937	745	6	restatement	restatement	NOUN
cblr-2937	745	7	(	(	PUNCT
cblr-2937	745	8	third	third	ADJ
cblr-2937	745	9	)	)	PUNCT
cblr-2937	745	10	of	of	ADP
cblr-2937	745	11	torts	tort	NOUN
cblr-2937	745	12	:	:	PUNCT
cblr-2937	745	13	products	product	NOUN
cblr-2937	745	14	liability	liability	NOUN
cblr-2937	745	15	§	§	PROPN
cblr-2937	745	16	2(b	2(b	NUM
cblr-2937	745	17	)	)	PUNCT
cblr-2937	745	18	(	(	PUNCT
cblr-2937	745	19	1998	1998	NUM
cblr-2937	745	20	)	)	PUNCT
cblr-2937	745	21	(	(	PUNCT
cblr-2937	745	22	product	product	NOUN
cblr-2937	745	23	design	design	NOUN
cblr-2937	745	24	defect	defect	NOUN
cblr-2937	745	25	assessed	assess	VERB
cblr-2937	745	26	relative	relative	NOUN
cblr-2937	745	27	to	to	ADP
cblr-2937	745	28	"	"	PUNCT
cblr-2937	745	29	foreseeable	foreseeable	ADJ
cblr-2937	745	30	risks	risk	NOUN
cblr-2937	745	31	of	of	ADP
cblr-2937	745	32	harm	harm	NOUN
cblr-2937	745	33	posed	pose	VERB
cblr-2937	745	34	by	by	ADP
cblr-2937	745	35	the	the	DET
cblr-2937	745	36	product	product	NOUN
cblr-2937	745	37	"	"	PUNCT
cblr-2937	745	38	)	)	PUNCT
cblr-2937	745	39	.	.	PUNCT
cblr-2937	746	1	[	[	X
cblr-2937	746	2	vol	vol	NOUN
cblr-2937	746	3	.	.	PUNCT
cblr-2937	746	4	2009	2009	NUM
cblr-2937	746	5	1	1	NUM
cblr-2937	746	6	.	.	PUNCT
cblr-2937	747	1	agencies	agency	NOUN
cblr-2937	747	2	describe	describe	VERB
cblr-2937	747	3	ratings	rating	NOUN
cblr-2937	747	4	as	as	SCONJ
cblr-2937	747	5	based	base	VERB
cblr-2937	747	6	on	on	ADP
cblr-2937	747	7	credit	credit	NOUN
cblr-2937	747	8	risk	risk	NOUN
cblr-2937	747	9	,	,	PUNCT
cblr-2937	747	10	not	not	PART
cblr-2937	747	11	other	other	ADJ
cblr-2937	747	12	characteristics	characteristic	NOUN
cblr-2937	747	13	rating	rating	NOUN
cblr-2937	747	14	agencies	agency	NOUN
cblr-2937	747	15	describe	describe	VERB
cblr-2937	747	16	their	their	PRON
cblr-2937	747	17	ratings	rating	NOUN
cblr-2937	747	18	as	as	SCONJ
cblr-2937	747	19	intended	intend	VERB
cblr-2937	747	20	to	to	PART
cblr-2937	747	21	reflect	reflect	VERB
cblr-2937	747	22	only	only	ADJ
cblr-2937	747	23	credit	credit	NOUN
cblr-2937	747	24	risk	risk	NOUN
cblr-2937	747	25	"	"	PUNCT
cblr-2937	747	26	and	and	CCONJ
cblr-2937	747	27	not	not	PART
cblr-2937	747	28	risks	risk	VERB
cblr-2937	747	29	arising	arise	VERB
cblr-2937	747	30	from	from	ADP
cblr-2937	747	31	other	other	ADJ
cblr-2937	747	32	factors	factor	NOUN
cblr-2937	747	33	,	,	PUNCT
cblr-2937	747	34	such	such	ADJ
cblr-2937	747	35	as	as	ADP
cblr-2937	747	36	liquidity	liquidity	NOUN
cblr-2937	747	37	.	.	PUNCT
cblr-2937	748	1	'65	'65	NUM
cblr-2937	748	2	credit	credit	NOUN
cblr-2937	748	3	risk	risk	NOUN
cblr-2937	748	4	is	be	AUX
cblr-2937	748	5	conventionally	conventionally	ADV
cblr-2937	748	6	thought	think	VERB
cblr-2937	748	7	of	of	ADP
cblr-2937	748	8	as	as	ADP
cblr-2937	748	9	having	have	VERB
cblr-2937	748	10	two	two	NUM
cblr-2937	748	11	components	component	NOUN
cblr-2937	748	12	:	:	PUNCT
cblr-2937	748	13	probability	probability	NOUN
cblr-2937	748	14	of	of	ADP
cblr-2937	748	15	default	default	NOUN
cblr-2937	748	16	(	(	PUNCT
cblr-2937	748	17	"	"	PUNCT
cblr-2937	748	18	pd	pd	X
cblr-2937	748	19	"	"	PUNCT
cblr-2937	748	20	)	)	PUNCT
cblr-2937	748	21	and	and	CCONJ
cblr-2937	748	22	expected	expect	VERB
cblr-2937	748	23	loss	loss	NOUN
cblr-2937	748	24	in	in	ADP
cblr-2937	748	25	the	the	DET
cblr-2937	748	26	event	event	NOUN
cblr-2937	748	27	of	of	ADP
cblr-2937	748	28	default	default	NOUN
cblr-2937	748	29	(	(	PUNCT
cblr-2937	748	30	"	"	PUNCT
cblr-2937	748	31	loss	loss	NOUN
cblr-2937	748	32	given	give	VERB
cblr-2937	748	33	default	default	NOUN
cblr-2937	748	34	"	"	PUNCT
cblr-2937	748	35	or	or	CCONJ
cblr-2937	748	36	"	"	PUNCT
cblr-2937	748	37	lgd").166	lgd").166	ADJ
cblr-2937	748	38	ratings	rating	NOUN
cblr-2937	748	39	combine	combine	VERB
cblr-2937	748	40	pd	pd	PROPN
cblr-2937	748	41	and	and	CCONJ
cblr-2937	748	42	lgd	lgd	PROPN
cblr-2937	748	43	in	in	ADP
cblr-2937	748	44	different	different	ADJ
cblr-2937	748	45	ways	way	NOUN
cblr-2937	748	46	across	across	ADP
cblr-2937	748	47	product	product	NOUN
cblr-2937	748	48	types	type	NOUN
cblr-2937	748	49	and	and	CCONJ
cblr-2937	748	50	from	from	ADP
cblr-2937	748	51	agency	agency	NOUN
cblr-2937	748	52	to	to	ADP
cblr-2937	748	53	agency	agency	NOUN
cblr-2937	748	54	.	.	PUNCT
cblr-2937	749	1	apparently	apparently	ADV
cblr-2937	749	2	,	,	PUNCT
cblr-2937	749	3	moody	moody	PROPN
cblr-2937	749	4	's	's	PART
cblr-2937	749	5	ratings	rating	NOUN
cblr-2937	749	6	on	on	ADP
cblr-2937	749	7	traditional	traditional	ADJ
cblr-2937	749	8	products	product	NOUN
cblr-2937	749	9	are	be	AUX
cblr-2937	749	10	intended	intend	VERB
cblr-2937	749	11	to	to	PART
cblr-2937	749	12	reflect	reflect	VERB
cblr-2937	749	13	pd	pd	PROPN
cblr-2937	749	14	and	and	CCONJ
cblr-2937	749	15	not	not	PART
cblr-2937	749	16	lgd,'67	lgd,'67	ADJ
cblr-2937	749	17	while	while	SCONJ
cblr-2937	749	18	its	its	PRON
cblr-2937	749	19	ratings	rating	NOUN
cblr-2937	749	20	on	on	ADP
cblr-2937	749	21	structured	structured	ADJ
cblr-2937	749	22	finance	finance	NOUN
cblr-2937	749	23	products	product	NOUN
cblr-2937	749	24	reflect	reflect	VERB
cblr-2937	749	25	both	both	PRON
cblr-2937	749	26	pd	pd	PROPN
cblr-2937	749	27	and	and	CCONJ
cblr-2937	749	28	lgd	lgd	PROPN
cblr-2937	749	29	.	.	PROPN
cblr-2937	749	30	'68	'68	NUM
cblr-2937	749	31	"	"	PUNCT
cblr-2937	749	32	rating	rating	NOUN
cblr-2937	749	33	agencies	agency	NOUN
cblr-2937	749	34	apparently	apparently	ADV
cblr-2937	749	35	try	try	VERB
cblr-2937	749	36	to	to	PART
cblr-2937	749	37	maintain	maintain	VERB
cblr-2937	749	38	rating	rating	NOUN
cblr-2937	749	39	stability	stability	NOUN
cblr-2937	749	40	,	,	PUNCT
cblr-2937	749	41	which	which	PRON
cblr-2937	749	42	may	may	AUX
cblr-2937	749	43	make	make	VERB
cblr-2937	749	44	them	they	PRON
cblr-2937	749	45	more	more	ADV
cblr-2937	749	46	reluctant	reluctant	ADJ
cblr-2937	749	47	to	to	PART
cblr-2937	749	48	downgrade	downgrade	VERB
cblr-2937	749	49	or	or	CCONJ
cblr-2937	749	50	upgrade	upgrade	VERB
cblr-2937	749	51	ratings	rating	NOUN
cblr-2937	749	52	.	.	PUNCT
cblr-2937	750	1	this	this	PRON
cblr-2937	750	2	appears	appear	VERB
cblr-2937	750	3	to	to	PART
cblr-2937	750	4	be	be	AUX
cblr-2937	750	5	a	a	DET
cblr-2937	750	6	consideration	consideration	NOUN
cblr-2937	750	7	that	that	PRON
cblr-2937	750	8	competes	compete	VERB
cblr-2937	750	9	with	with	ADP
cblr-2937	750	10	purely	purely	ADV
cblr-2937	750	11	measuring	measure	VERB
cblr-2937	750	12	credit	credit	NOUN
cblr-2937	750	13	risk	risk	NOUN
cblr-2937	750	14	,	,	PUNCT
cblr-2937	750	15	although	although	SCONJ
cblr-2937	750	16	a	a	DET
cblr-2937	750	17	bias	bias	NOUN
cblr-2937	750	18	toward	toward	ADP
cblr-2937	750	19	stability	stability	NOUN
cblr-2937	750	20	may	may	AUX
cblr-2937	750	21	make	make	VERB
cblr-2937	750	22	sense	sense	NOUN
cblr-2937	750	23	in	in	ADP
cblr-2937	750	24	that	that	DET
cblr-2937	750	25	ratings	rating	NOUN
cblr-2937	750	26	'	'	PART
cblr-2937	750	27	regulatory	regulatory	ADJ
cblr-2937	750	28	role	role	NOUN
cblr-2937	750	29	makes	make	VERB
cblr-2937	750	30	rating	rating	NOUN
cblr-2937	750	31	volatility	volatility	NOUN
cblr-2937	750	32	costly	costly	ADJ
cblr-2937	750	33	(	(	PUNCT
cblr-2937	750	34	because	because	SCONJ
cblr-2937	750	35	securities	security	NOUN
cblr-2937	750	36	effectively	effectively	ADV
cblr-2937	750	37	become	become	VERB
cblr-2937	750	38	available	available	ADJ
cblr-2937	750	39	or	or	CCONJ
cblr-2937	750	40	unavailable	unavailable	ADJ
cblr-2937	750	41	to	to	ADP
cblr-2937	750	42	certain	certain	ADJ
cblr-2937	750	43	investors	investor	NOUN
cblr-2937	750	44	based	base	VERB
cblr-2937	750	45	on	on	ADP
cblr-2937	750	46	their	their	PRON
cblr-2937	750	47	ratings	rating	NOUN
cblr-2937	750	48	)	)	PUNCT
cblr-2937	750	49	.	.	PUNCT
cblr-2937	751	1	see	see	VERB
cblr-2937	751	2	fitch	fitch	NOUN
cblr-2937	751	3	ratings	rating	NOUN
cblr-2937	751	4	,	,	PUNCT
cblr-2937	751	5	inside	inside	ADP
cblr-2937	751	6	the	the	DET
cblr-2937	751	7	ratings	rating	NOUN
cblr-2937	751	8	:	:	PUNCT
cblr-2937	751	9	what	what	PRON
cblr-2937	751	10	credit	credit	NOUN
cblr-2937	751	11	ratings	rating	NOUN
cblr-2937	751	12	mean	mean	VERB
cblr-2937	751	13	4	4	NUM
cblr-2937	751	14	(	(	PUNCT
cblr-2937	751	15	aug	aug	PROPN
cblr-2937	751	16	.	.	PROPN
cblr-2937	751	17	2007	2007	NUM
cblr-2937	751	18	)	)	PUNCT
cblr-2937	751	19	(	(	PUNCT
cblr-2937	751	20	"	"	PUNCT
cblr-2937	751	21	fitch	fitch	VERB
cblr-2937	751	22	's	's	PART
cblr-2937	751	23	traditional	traditional	ADJ
cblr-2937	751	24	credit	credit	NOUN
cblr-2937	751	25	ratings	rating	NOUN
cblr-2937	751	26	are	be	AUX
cblr-2937	751	27	designed	design	VERB
cblr-2937	751	28	as	as	ADP
cblr-2937	751	29	'	'	PUNCT
cblr-2937	751	30	through	through	ADP
cblr-2937	751	31	-	-	PUNCT
cblr-2937	751	32	the	the	DET
cblr-2937	751	33	-	-	PUNCT
cblr-2937	751	34	cycle	cycle	NOUN
cblr-2937	751	35	assessments	assessment	NOUN
cblr-2937	751	36	....	....	PUNCT
cblr-2937	751	37	pro	pro	ADJ
cblr-2937	751	38	-	-	ADJ
cblr-2937	751	39	cyclical	cyclical	ADJ
cblr-2937	751	40	ratings	rating	NOUN
cblr-2937	751	41	...	...	PUNCT
cblr-2937	751	42	would	would	AUX
cblr-2937	751	43	reduce	reduce	VERB
cblr-2937	751	44	the	the	DET
cblr-2937	751	45	ability	ability	NOUN
cblr-2937	751	46	of	of	ADP
cblr-2937	751	47	ratings	rating	NOUN
cblr-2937	751	48	to	to	PART
cblr-2937	751	49	communicate	communicate	VERB
cblr-2937	751	50	relative	relative	ADJ
cblr-2937	751	51	changes	change	NOUN
cblr-2937	751	52	in	in	ADP
cblr-2937	751	53	creditworthiness	creditworthiness	NOUN
cblr-2937	751	54	between	between	ADP
cblr-2937	751	55	two	two	NUM
cblr-2937	751	56	issuers	issuer	NOUN
cblr-2937	751	57	,	,	PUNCT
cblr-2937	751	58	above	above	ADP
cblr-2937	751	59	and	and	CCONJ
cblr-2937	751	60	beyond	beyond	ADP
cblr-2937	751	61	cyclical	cyclical	ADJ
cblr-2937	751	62	developments	development	NOUN
cblr-2937	751	63	affecting	affect	VERB
cblr-2937	751	64	all	all	DET
cblr-2937	751	65	issuers	issuer	NOUN
cblr-2937	751	66	.	.	PUNCT
cblr-2937	751	67	"	"	PUNCT
cblr-2937	751	68	)	)	PUNCT
cblr-2937	751	69	;	;	PUNCT
cblr-2937	751	70	i	i	PRON
cblr-2937	751	71	d.	d.	PROPN
cblr-2937	751	72	at	at	ADP
cblr-2937	751	73	6	6	NUM
cblr-2937	751	74	(	(	PUNCT
cblr-2937	751	75	asserting	assert	VERB
cblr-2937	751	76	that	that	SCONJ
cblr-2937	751	77	similar	similar	ADJ
cblr-2937	751	78	considerations	consideration	NOUN
cblr-2937	751	79	apply	apply	VERB
cblr-2937	751	80	to	to	ADP
cblr-2937	751	81	structured	structured	ADJ
cblr-2937	751	82	finance	finance	NOUN
cblr-2937	751	83	)	)	PUNCT
cblr-2937	751	84	.	.	PUNCT
cblr-2937	752	1	165	165	NUM
cblr-2937	752	2	sec	sec	PROPN
cblr-2937	752	3	2008	2008	NUM
cblr-2937	752	4	nrsro	nrsro	ADJ
cblr-2937	752	5	report	report	NOUN
cblr-2937	752	6	,	,	PUNCT
cblr-2937	752	7	supra	supra	PROPN
cblr-2937	752	8	note	note	NOUN
cblr-2937	752	9	4	4	NUM
cblr-2937	752	10	,	,	PUNCT
cblr-2937	752	11	at	at	ADP
cblr-2937	752	12	37	37	NUM
cblr-2937	752	13	.	.	PUNCT
cblr-2937	753	1	166	166	NUM
cblr-2937	753	2	one	one	NOUN
cblr-2937	753	3	can	can	AUX
cblr-2937	753	4	think	think	VERB
cblr-2937	753	5	of	of	ADP
cblr-2937	753	6	credit	credit	NOUN
cblr-2937	753	7	risk	risk	NOUN
cblr-2937	753	8	simply	simply	ADV
cblr-2937	753	9	as	as	SCONJ
cblr-2937	753	10	expected	expect	VERB
cblr-2937	753	11	loss	loss	NOUN
cblr-2937	753	12	resulting	result	VERB
cblr-2937	753	13	from	from	ADP
cblr-2937	753	14	default	default	NOUN
cblr-2937	753	15	risk	risk	NOUN
cblr-2937	753	16	:	:	PUNCT
cblr-2937	753	17	the	the	DET
cblr-2937	753	18	product	product	NOUN
cblr-2937	753	19	of	of	ADP
cblr-2937	753	20	probability	probability	NOUN
cblr-2937	753	21	of	of	ADP
cblr-2937	753	22	default	default	NOUN
cblr-2937	753	23	and	and	CCONJ
cblr-2937	753	24	expected	expect	VERB
cblr-2937	753	25	loss	loss	NOUN
cblr-2937	753	26	on	on	ADP
cblr-2937	753	27	default	default	NOUN
cblr-2937	753	28	.	.	PUNCT
cblr-2937	754	1	this	this	PRON
cblr-2937	754	2	is	be	AUX
cblr-2937	754	3	in	in	ADP
cblr-2937	754	4	some	some	DET
cblr-2937	754	5	respects	respect	NOUN
cblr-2937	754	6	oversimplified	oversimplify	VERB
cblr-2937	754	7	because	because	SCONJ
cblr-2937	754	8	different	different	ADJ
cblr-2937	754	9	investors	investor	NOUN
cblr-2937	754	10	will	will	AUX
cblr-2937	754	11	have	have	VERB
cblr-2937	754	12	different	different	ADJ
cblr-2937	754	13	preferences	preference	NOUN
cblr-2937	754	14	(	(	PUNCT
cblr-2937	754	15	one	one	NUM
cblr-2937	754	16	investor	investor	NOUN
cblr-2937	754	17	may	may	AUX
cblr-2937	754	18	prefer	prefer	VERB
cblr-2937	754	19	a	a	DET
cblr-2937	754	20	small	small	ADJ
cblr-2937	754	21	probability	probability	NOUN
cblr-2937	754	22	of	of	ADP
cblr-2937	754	23	a	a	DET
cblr-2937	754	24	large	large	ADJ
cblr-2937	754	25	loss	loss	NOUN
cblr-2937	754	26	and	and	CCONJ
cblr-2937	754	27	another	another	PRON
cblr-2937	754	28	will	will	AUX
cblr-2937	754	29	prefer	prefer	VERB
cblr-2937	754	30	a	a	DET
cblr-2937	754	31	large	large	ADJ
cblr-2937	754	32	probability	probability	NOUN
cblr-2937	754	33	of	of	ADP
cblr-2937	754	34	a	a	DET
cblr-2937	754	35	small	small	ADJ
cblr-2937	754	36	loss	loss	NOUN
cblr-2937	754	37	)	)	PUNCT
cblr-2937	754	38	.	.	PUNCT
cblr-2937	755	1	moreover	moreover	ADV
cblr-2937	755	2	,	,	PUNCT
cblr-2937	755	3	other	other	ADJ
cblr-2937	755	4	characteristics	characteristic	NOUN
cblr-2937	755	5	of	of	ADP
cblr-2937	755	6	the	the	DET
cblr-2937	755	7	loss	loss	NOUN
cblr-2937	755	8	-	-	PUNCT
cblr-2937	755	9	given	give	VERB
cblr-2937	755	10	-	-	PUNCT
cblr-2937	755	11	default	default	NOUN
cblr-2937	755	12	distribution	distribution	NOUN
cblr-2937	755	13	other	other	ADJ
cblr-2937	755	14	than	than	ADP
cblr-2937	755	15	its	its	PRON
cblr-2937	755	16	expected	expect	VERB
cblr-2937	755	17	value	value	NOUN
cblr-2937	755	18	(	(	PUNCT
cblr-2937	755	19	mean	mean	ADJ
cblr-2937	755	20	)	)	PUNCT
cblr-2937	755	21	may	may	AUX
cblr-2937	755	22	be	be	AUX
cblr-2937	755	23	important	important	ADJ
cblr-2937	755	24	.	.	PUNCT
cblr-2937	756	1	however	however	ADV
cblr-2937	756	2	,	,	PUNCT
cblr-2937	756	3	the	the	DET
cblr-2937	756	4	common	common	ADJ
cblr-2937	756	5	,	,	PUNCT
cblr-2937	756	6	expected	expect	VERB
cblr-2937	756	7	loss	loss	NOUN
cblr-2937	756	8	formulation	formulation	NOUN
cblr-2937	756	9	will	will	AUX
cblr-2937	756	10	be	be	AUX
cblr-2937	756	11	used	use	VERB
cblr-2937	756	12	here	here	ADV
cblr-2937	756	13	.	.	PUNCT
cblr-2937	757	1	167	167	NUM
cblr-2937	757	2	moody	moody	PROPN
cblr-2937	757	3	's	's	PART
cblr-2937	757	4	investors	investor	NOUN
cblr-2937	757	5	service	service	NOUN
cblr-2937	757	6	,	,	PUNCT
cblr-2937	757	7	moody	moody	PROPN
cblr-2937	757	8	's	's	PART
cblr-2937	757	9	rating	rating	NOUN
cblr-2937	757	10	symbols	symbol	NOUN
cblr-2937	757	11	and	and	CCONJ
cblr-2937	757	12	definitions	definition	NOUN
cblr-2937	757	13	8	8	NUM
cblr-2937	757	14	(	(	PUNCT
cblr-2937	757	15	june	june	PROPN
cblr-2937	757	16	2008	2008	NUM
cblr-2937	757	17	)	)	PUNCT
cblr-2937	757	18	(	(	PUNCT
cblr-2937	757	19	long	long	ADJ
cblr-2937	757	20	-	-	PUNCT
cblr-2937	757	21	term	term	NOUN
cblr-2937	757	22	corporate	corporate	ADJ
cblr-2937	757	23	obligation	obligation	NOUN
cblr-2937	757	24	ratings	rating	NOUN
cblr-2937	757	25	"	"	PUNCT
cblr-2937	757	26	address	address	VERB
cblr-2937	757	27	the	the	DET
cblr-2937	757	28	possibility	possibility	NOUN
cblr-2937	757	29	that	that	SCONJ
cblr-2937	757	30	a	a	DET
cblr-2937	757	31	financial	financial	ADJ
cblr-2937	757	32	obligation	obligation	NOUN
cblr-2937	757	33	will	will	AUX
cblr-2937	757	34	not	not	PART
cblr-2937	757	35	be	be	AUX
cblr-2937	757	36	honored	honor	VERB
cblr-2937	757	37	as	as	SCONJ
cblr-2937	757	38	promised	promise	VERB
cblr-2937	757	39	"	"	PUNCT
cblr-2937	757	40	)	)	PUNCT
cblr-2937	757	41	.	.	PUNCT
cblr-2937	758	1	"	"	PUNCT
cblr-2937	759	1	i	i	PRON
cblr-2937	759	2	d.	d.	PROPN
cblr-2937	759	3	at	at	ADP
cblr-2937	759	4	12	12	NUM
cblr-2937	759	5	(	(	PUNCT
cblr-2937	759	6	explaining	explain	VERB
cblr-2937	759	7	that	that	SCONJ
cblr-2937	759	8	structured	structured	ADJ
cblr-2937	759	9	finance	finance	NOUN
cblr-2937	759	10	long	long	ADJ
cblr-2937	759	11	-	-	PUNCT
cblr-2937	759	12	term	term	NOUN
cblr-2937	759	13	ratings	rating	NOUN
cblr-2937	759	14	"	"	PUNCT
cblr-2937	759	15	primarily	primarily	ADV
cblr-2937	759	16	address	address	VERB
cblr-2937	759	17	the	the	DET
cblr-2937	759	18	expected	expect	VERB
cblr-2937	759	19	credit	credit	NOUN
cblr-2937	759	20	loss	loss	NOUN
cblr-2937	759	21	an	an	DET
cblr-2937	759	22	investor	investor	NOUN
cblr-2937	759	23	might	might	AUX
cblr-2937	759	24	incur	incur	VERB
cblr-2937	759	25	on	on	ADP
cblr-2937	759	26	or	or	CCONJ
cblr-2937	759	27	before	before	ADP
cblr-2937	759	28	the	the	DET
cblr-2937	759	29	legal	legal	ADJ
cblr-2937	759	30	final	final	ADJ
cblr-2937	759	31	maturity	maturity	NOUN
cblr-2937	759	32	of	of	ADP
cblr-2937	759	33	such	such	ADJ
cblr-2937	759	34	obligations	obligation	NOUN
cblr-2937	759	35	vis	vis	X
cblr-2937	759	36	-	-	PUNCT
cblr-2937	759	37	a	a	X
cblr-2937	759	38	-	-	PUNCT
cblr-2937	759	39	vis	vis	X
cblr-2937	759	40	a	a	DET
cblr-2937	759	41	defined	define	VERB
cblr-2937	759	42	no	no	NOUN
cblr-2937	759	43	.	.	NOUN
cblr-2937	760	1	1	1	NUM
cblr-2937	760	2	:	:	SYM
cblr-2937	760	3	109	109	NUM
cblr-2937	760	4	]	]	PUNCT
cblr-2937	760	5	credit	credit	NOUN
cblr-2937	760	6	ra	ra	PROPN
cblr-2937	760	7	ting	ting	PROPN
cblr-2937	760	8	agencies	agencies	PROPN
cblr-2937	760	9	columbia	columbia	PROPN
cblr-2937	760	10	business	business	PROPN
cblr-2937	760	11	la	la	PROPN
cblr-2937	760	12	wreview	wreview	PROPN
cblr-2937	760	13	fitch	fitch	PROPN
cblr-2937	760	14	's	's	PART
cblr-2937	760	15	ratings	rating	NOUN
cblr-2937	760	16	apparently	apparently	ADV
cblr-2937	760	17	are	be	AUX
cblr-2937	760	18	just	just	ADV
cblr-2937	760	19	the	the	DET
cblr-2937	760	20	opposite	opposite	ADJ
cblr-2937	760	21	:	:	PUNCT
cblr-2937	760	22	traditionalproduct	traditionalproduct	NOUN
cblr-2937	760	23	ratings	rating	NOUN
cblr-2937	760	24	reflect	reflect	VERB
cblr-2937	760	25	pd	pd	PROPN
cblr-2937	760	26	and	and	CCONJ
cblr-2937	760	27	lgd	lgd	PROPN
cblr-2937	760	28	,	,	PUNCT
cblr-2937	760	29	169	169	NUM
cblr-2937	760	30	while	while	SCONJ
cblr-2937	760	31	structuredfinance	structuredfinance	NOUN
cblr-2937	760	32	ratings	rating	NOUN
cblr-2937	760	33	reflect	reflect	VERB
cblr-2937	760	34	pd	pd	PROPN
cblr-2937	760	35	only.7	only.7	PROPN
cblr-2937	760	36	°	°	PROPN
cblr-2937	760	37	it	it	PRON
cblr-2937	760	38	appears	appear	VERB
cblr-2937	760	39	that	that	SCONJ
cblr-2937	760	40	s&p	s&p	PROPN
cblr-2937	760	41	's	's	PART
cblr-2937	760	42	ratings	rating	NOUN
cblr-2937	760	43	reflect	reflect	VERB
cblr-2937	760	44	pd	pd	NOUN
cblr-2937	760	45	only	only	ADV
cblr-2937	760	46	in	in	ADP
cblr-2937	760	47	both	both	DET
cblr-2937	760	48	cases	case	NOUN
cblr-2937	760	49	.	.	PUNCT
cblr-2937	761	1	7	7	X
cblr-2937	761	2	'	'	PUNCT
cblr-2937	761	3	although	although	SCONJ
cblr-2937	761	4	credit	credit	NOUN
cblr-2937	761	5	risk	risk	NOUN
cblr-2937	761	6	is	be	AUX
cblr-2937	761	7	an	an	DET
cblr-2937	761	8	important	important	ADJ
cblr-2937	761	9	part	part	NOUN
cblr-2937	761	10	of	of	ADP
cblr-2937	761	11	an	an	DET
cblr-2937	761	12	investor	investor	NOUN
cblr-2937	761	13	's	's	PART
cblr-2937	761	14	decision	decision	NOUN
cblr-2937	761	15	whether	whether	SCONJ
cblr-2937	761	16	to	to	PART
cblr-2937	761	17	buy	buy	VERB
cblr-2937	761	18	a	a	DET
cblr-2937	761	19	fixed	fix	VERB
cblr-2937	761	20	-	-	PUNCT
cblr-2937	761	21	income	income	NOUN
cblr-2937	761	22	security	security	NOUN
cblr-2937	761	23	,	,	PUNCT
cblr-2937	761	24	it	it	PRON
cblr-2937	761	25	is	be	AUX
cblr-2937	761	26	not	not	PART
cblr-2937	761	27	the	the	DET
cblr-2937	761	28	only	only	ADJ
cblr-2937	761	29	consideration	consideration	NOUN
cblr-2937	761	30	.	.	PUNCT
cblr-2937	762	1	other	other	ADJ
cblr-2937	762	2	key	key	ADJ
cblr-2937	762	3	elements	element	NOUN
cblr-2937	762	4	include	include	VERB
cblr-2937	762	5	the	the	DET
cblr-2937	762	6	security	security	NOUN
cblr-2937	762	7	's	's	PART
cblr-2937	762	8	market	market	NOUN
cblr-2937	762	9	price	price	NOUN
cblr-2937	762	10	and	and	CCONJ
cblr-2937	762	11	the	the	DET
cblr-2937	762	12	investor	investor	NOUN
cblr-2937	762	13	's	's	PART
cblr-2937	762	14	risk	risk	NOUN
cblr-2937	762	15	preferences	preference	NOUN
cblr-2937	762	16	.	.	PUNCT
cblr-2937	763	1	'72	'72	NUM
cblr-2937	763	2	major	major	ADJ
cblr-2937	763	3	-	-	PUNCT
cblr-2937	763	4	agency	agency	NOUN
cblr-2937	763	5	ratings	rating	NOUN
cblr-2937	763	6	do	do	AUX
cblr-2937	763	7	not	not	PART
cblr-2937	763	8	take	take	VERB
cblr-2937	763	9	these	these	DET
cblr-2937	763	10	considerations	consideration	NOUN
cblr-2937	763	11	into	into	ADP
cblr-2937	763	12	account	account	NOUN
cblr-2937	763	13	,	,	PUNCT
cblr-2937	763	14	7	7	NUM
cblr-2937	763	15	3	3	NUM
cblr-2937	763	16	and	and	CCONJ
cblr-2937	763	17	,	,	PUNCT
cblr-2937	763	18	accordingly	accordingly	ADV
cblr-2937	763	19	,	,	PUNCT
cblr-2937	763	20	the	the	DET
cblr-2937	763	21	agencies	agency	NOUN
cblr-2937	763	22	stress	stress	VERB
cblr-2937	763	23	that	that	SCONJ
cblr-2937	763	24	their	their	PRON
cblr-2937	763	25	ratings	rating	NOUN
cblr-2937	763	26	are	be	AUX
cblr-2937	763	27	not	not	PART
cblr-2937	763	28	recommendations	recommendation	NOUN
cblr-2937	763	29	to	to	PART
cblr-2937	763	30	buy	buy	VERB
cblr-2937	763	31	or	or	CCONJ
cblr-2937	763	32	not	not	PART
cblr-2937	763	33	to	to	PART
cblr-2937	763	34	buy	buy	VERB
cblr-2937	763	35	particular	particular	ADJ
cblr-2937	763	36	securities	security	NOUN
cblr-2937	763	37	.	.	PUNCT
cblr-2937	764	1	'74	'74	NUM
cblr-2937	764	2	such	such	ADJ
cblr-2937	764	3	assertions	assertion	NOUN
cblr-2937	764	4	are	be	AUX
cblr-2937	764	5	not	not	PART
cblr-2937	764	6	total	total	ADJ
cblr-2937	764	7	disclaimers	disclaimer	NOUN
cblr-2937	764	8	of	of	ADP
cblr-2937	764	9	responsibility	responsibility	NOUN
cblr-2937	764	10	for	for	ADP
cblr-2937	764	11	investor	investor	NOUN
cblr-2937	764	12	reliance	reliance	NOUN
cblr-2937	764	13	on	on	ADP
cblr-2937	764	14	the	the	DET
cblr-2937	764	15	quality	quality	NOUN
cblr-2937	764	16	of	of	ADP
cblr-2937	764	17	ratings	rating	NOUN
cblr-2937	764	18	as	as	ADP
cblr-2937	764	19	assessments	assessment	NOUN
cblr-2937	764	20	of	of	ADP
cblr-2937	764	21	credit	credit	NOUN
cblr-2937	764	22	risk	risk	NOUN
cblr-2937	764	23	,	,	PUNCT
cblr-2937	764	24	and	and	CCONJ
cblr-2937	764	25	agencies	agency	NOUN
cblr-2937	764	26	are	be	AUX
cblr-2937	764	27	not	not	PART
cblr-2937	764	28	in	in	ADP
cblr-2937	764	29	a	a	DET
cblr-2937	764	30	position	position	NOUN
cblr-2937	764	31	to	to	PART
cblr-2937	764	32	make	make	VERB
cblr-2937	764	33	such	such	ADJ
cblr-2937	764	34	disclaimers	disclaimer	NOUN
cblr-2937	764	35	.	.	PUNCT
cblr-2937	765	1	to	to	ADP
cblr-2937	765	2	the	the	DET
cblr-2937	765	3	extent	extent	NOUN
cblr-2937	765	4	their	their	PRON
cblr-2937	765	5	business	business	NOUN
cblr-2937	765	6	depends	depend	VERB
cblr-2937	765	7	on	on	ADP
cblr-2937	765	8	a	a	DET
cblr-2937	765	9	reputation	reputation	NOUN
cblr-2937	765	10	for	for	ADP
cblr-2937	765	11	high	high	ADJ
cblr-2937	765	12	-	-	PUNCT
cblr-2937	765	13	quality	quality	NOUN
cblr-2937	765	14	ratings	rating	NOUN
cblr-2937	765	15	-	-	PUNCT
cblr-2937	765	16	as	as	SCONJ
cblr-2937	765	17	they	they	PRON
cblr-2937	765	18	claim	claim	VERB
cblr-2937	765	19	'	'	PUNCT
cblr-2937	765	20	7	7	NUM
cblr-2937	765	21	5	5	NUM
cblr-2937	765	22	-	-	PUNCT
cblr-2937	765	23	it	it	PRON
cblr-2937	765	24	would	would	AUX
cblr-2937	765	25	make	make	VERB
cblr-2937	765	26	little	little	ADJ
cblr-2937	765	27	sense	sense	NOUN
cblr-2937	765	28	for	for	ADP
cblr-2937	765	29	the	the	DET
cblr-2937	765	30	promise	promise	NOUN
cblr-2937	765	31	.	.	PUNCT
cblr-2937	766	1	as	as	ADP
cblr-2937	766	2	such	such	ADJ
cblr-2937	766	3	,	,	PUNCT
cblr-2937	766	4	these	these	DET
cblr-2937	766	5	ratings	rating	NOUN
cblr-2937	766	6	incorporate	incorporate	VERB
cblr-2937	766	7	moody	moody	NOUN
cblr-2937	766	8	's	's	PART
cblr-2937	766	9	assessment	assessment	NOUN
cblr-2937	766	10	of	of	ADP
cblr-2937	766	11	the	the	DET
cblr-2937	766	12	default	default	NOUN
cblr-2937	766	13	probability	probability	NOUN
cblr-2937	766	14	and	and	CCONJ
cblr-2937	766	15	loss	loss	NOUN
cblr-2937	766	16	severity	severity	NOUN
cblr-2937	766	17	of	of	ADP
cblr-2937	766	18	the	the	DET
cblr-2937	766	19	obligations	obligation	NOUN
cblr-2937	766	20	.	.	PUNCT
cblr-2937	766	21	"	"	PUNCT
cblr-2937	766	22	)	)	PUNCT
cblr-2937	766	23	.	.	PUNCT
cblr-2937	767	1	'	'	NUM
cblr-2937	767	2	69	69	NUM
cblr-2937	767	3	fitch	fitch	NOUN
cblr-2937	767	4	ratings	rating	NOUN
cblr-2937	767	5	,	,	PUNCT
cblr-2937	767	6	supra	supra	PROPN
cblr-2937	767	7	note	note	PROPN
cblr-2937	767	8	164	164	NUM
cblr-2937	767	9	,	,	PUNCT
cblr-2937	767	10	at	at	ADP
cblr-2937	767	11	2	2	NUM
cblr-2937	767	12	(	(	PUNCT
cblr-2937	767	13	ratings	rating	NOUN
cblr-2937	767	14	for	for	ADP
cblr-2937	767	15	corporate	corporate	ADJ
cblr-2937	767	16	and	and	CCONJ
cblr-2937	767	17	sovereign	sovereign	ADJ
cblr-2937	767	18	issues	issue	NOUN
cblr-2937	767	19	incorporate	incorporate	VERB
cblr-2937	767	20	both	both	DET
cblr-2937	767	21	probability	probability	NOUN
cblr-2937	767	22	of	of	ADP
cblr-2937	767	23	default	default	NOUN
cblr-2937	767	24	and	and	CCONJ
cblr-2937	767	25	loss	loss	NOUN
cblr-2937	767	26	on	on	ADP
cblr-2937	767	27	default	default	NOUN
cblr-2937	767	28	)	)	PUNCT
cblr-2937	767	29	;	;	PUNCT
cblr-2937	767	30	fitch	fitch	NOUN
cblr-2937	767	31	ratings	rating	NOUN
cblr-2937	767	32	,	,	PUNCT
cblr-2937	767	33	fitch	fitch	NOUN
cblr-2937	767	34	ratings	rating	NOUN
cblr-2937	767	35	definitions	definition	NOUN
cblr-2937	767	36	(	(	PUNCT
cblr-2937	767	37	2008	2008	NUM
cblr-2937	767	38	)	)	PUNCT
cblr-2937	767	39	,	,	PUNCT
cblr-2937	767	40	available	available	ADJ
cblr-2937	767	41	at	at	ADP
cblr-2937	767	42	http://www.fitchratings.com	http://www.fitchratings.com	X
cblr-2937	767	43	(	(	PUNCT
cblr-2937	767	44	an	an	DET
cblr-2937	767	45	issue	issue	NOUN
cblr-2937	767	46	may	may	AUX
cblr-2937	767	47	have	have	VERB
cblr-2937	767	48	a	a	DET
cblr-2937	767	49	higher	high	ADJ
cblr-2937	767	50	or	or	CCONJ
cblr-2937	767	51	lower	low	ADJ
cblr-2937	767	52	rating	rating	NOUN
cblr-2937	767	53	than	than	ADP
cblr-2937	767	54	its	its	PRON
cblr-2937	767	55	issuer	issuer	NOUN
cblr-2937	767	56	"	"	PUNCT
cblr-2937	767	57	to	to	PART
cblr-2937	767	58	reflect	reflect	VERB
cblr-2937	767	59	relative	relative	ADJ
cblr-2937	767	60	differences	difference	NOUN
cblr-2937	767	61	in	in	ADP
cblr-2937	767	62	recovery	recovery	NOUN
cblr-2937	767	63	expectations	expectation	NOUN
cblr-2937	767	64	"	"	PUNCT
cblr-2937	767	65	)	)	PUNCT
cblr-2937	767	66	.	.	PUNCT
cblr-2937	768	1	170	170	NUM
cblr-2937	768	2	fitch	fitch	NOUN
cblr-2937	768	3	ratings	rating	NOUN
cblr-2937	768	4	,	,	PUNCT
cblr-2937	768	5	supra	supra	PROPN
cblr-2937	768	6	note	note	PROPN
cblr-2937	768	7	164	164	NUM
cblr-2937	768	8	,	,	PUNCT
cblr-2937	768	9	at	at	ADP
cblr-2937	768	10	2	2	NUM
cblr-2937	768	11	(	(	PUNCT
cblr-2937	768	12	"	"	PUNCT
cblr-2937	768	13	ratings	rating	NOUN
cblr-2937	768	14	in	in	ADP
cblr-2937	768	15	structured	structured	ADJ
cblr-2937	768	16	finance	finance	NOUN
cblr-2937	768	17	primarily	primarily	ADV
cblr-2937	768	18	reflect	reflect	VERB
cblr-2937	768	19	the	the	DET
cblr-2937	768	20	relative	relative	ADJ
cblr-2937	768	21	probability	probability	NOUN
cblr-2937	768	22	of	of	ADP
cblr-2937	768	23	default	default	NOUN
cblr-2937	768	24	of	of	ADP
cblr-2937	768	25	the	the	DET
cblr-2937	768	26	rated	rate	VERB
cblr-2937	768	27	liability	liability	NOUN
cblr-2937	768	28	,	,	PUNCT
cblr-2937	768	29	and	and	CCONJ
cblr-2937	768	30	not	not	PART
cblr-2937	768	31	its	its	PRON
cblr-2937	768	32	loss	loss	NOUN
cblr-2937	768	33	severity	severity	NOUN
cblr-2937	768	34	given	give	VERB
cblr-2937	768	35	a	a	DET
cblr-2937	768	36	default	default	NOUN
cblr-2937	768	37	,	,	PUNCT
cblr-2937	768	38	although	although	SCONJ
cblr-2937	768	39	loss	loss	NOUN
cblr-2937	768	40	severity	severity	NOUN
cblr-2937	768	41	on	on	ADP
cblr-2937	768	42	underlying	underlie	VERB
cblr-2937	768	43	assets	asset	NOUN
cblr-2937	768	44	is	be	AUX
cblr-2937	768	45	incorporated	incorporate	VERB
cblr-2937	768	46	in	in	ADP
cblr-2937	768	47	the	the	DET
cblr-2937	768	48	analysis	analysis	NOUN
cblr-2937	768	49	.	.	PUNCT
cblr-2937	768	50	"	"	PUNCT
cblr-2937	768	51	)	)	PUNCT
cblr-2937	768	52	.	.	PUNCT
cblr-2937	769	1	171	171	NUM
cblr-2937	769	2	standard	standard	PROPN
cblr-2937	769	3	&	&	CCONJ
cblr-2937	769	4	poor	poor	PROPN
cblr-2937	769	5	's	's	PART
cblr-2937	769	6	,	,	PUNCT
cblr-2937	769	7	standard	standard	PROPN
cblr-2937	769	8	&	&	CCONJ
cblr-2937	769	9	poor	poor	PROPN
cblr-2937	769	10	's	's	PART
cblr-2937	769	11	ratings	rating	NOUN
cblr-2937	769	12	definitions	definition	NOUN
cblr-2937	769	13	(	(	PUNCT
cblr-2937	769	14	2008	2008	NUM
cblr-2937	769	15	)	)	PUNCT
cblr-2937	769	16	,	,	PUNCT
cblr-2937	769	17	available	available	ADJ
cblr-2937	769	18	at	at	ADP
cblr-2937	769	19	http://www2.standardandpoors.com	http://www2.standardandpoors.com	X
cblr-2937	770	1	(	(	PUNCT
cblr-2937	770	2	issue	issue	NOUN
cblr-2937	770	3	rating	rating	NOUN
cblr-2937	770	4	"	"	PUNCT
cblr-2937	770	5	evaluates	evaluate	VERB
cblr-2937	770	6	the	the	DET
cblr-2937	770	7	obligor	obligor	NOUN
cblr-2937	770	8	's	's	PART
cblr-2937	770	9	capacity	capacity	NOUN
cblr-2937	770	10	and	and	CCONJ
cblr-2937	770	11	willingness	willingness	NOUN
cblr-2937	770	12	to	to	PART
cblr-2937	770	13	meet	meet	VERB
cblr-2937	770	14	its	its	PRON
cblr-2937	770	15	financial	financial	ADJ
cblr-2937	770	16	commitments	commitment	NOUN
cblr-2937	770	17	as	as	SCONJ
cblr-2937	770	18	they	they	PRON
cblr-2937	770	19	come	come	VERB
cblr-2937	770	20	due	due	ADJ
cblr-2937	770	21	"	"	PUNCT
cblr-2937	770	22	)	)	PUNCT
cblr-2937	770	23	.	.	PUNCT
cblr-2937	771	1	172	172	NUM
cblr-2937	771	2	for	for	ADP
cblr-2937	771	3	a	a	DET
cblr-2937	771	4	list	list	NOUN
cblr-2937	771	5	of	of	ADP
cblr-2937	771	6	additional	additional	ADJ
cblr-2937	771	7	potential	potential	ADJ
cblr-2937	771	8	considerations	consideration	NOUN
cblr-2937	771	9	,	,	PUNCT
cblr-2937	771	10	see	see	VERB
cblr-2937	771	11	standard	standard	PROPN
cblr-2937	771	12	&	&	CCONJ
cblr-2937	771	13	poor	poor	PROPN
cblr-2937	771	14	's	's	PART
cblr-2937	771	15	,	,	PUNCT
cblr-2937	771	16	the	the	DET
cblr-2937	771	17	fundamentals	fundamental	NOUN
cblr-2937	771	18	of	of	ADP
cblr-2937	771	19	structured	structured	ADJ
cblr-2937	771	20	finance	finance	NOUN
cblr-2937	771	21	ratings	rating	NOUN
cblr-2937	771	22	6	6	NUM
cblr-2937	771	23	-	-	SYM
cblr-2937	771	24	7	7	NUM
cblr-2937	771	25	(	(	PUNCT
cblr-2937	771	26	2007	2007	NUM
cblr-2937	771	27	)	)	PUNCT
cblr-2937	771	28	173	173	NUM
cblr-2937	771	29	iosco	iosco	NOUN
cblr-2937	771	30	cra	cra	PROPN
cblr-2937	771	31	report	report	PROPN
cblr-2937	771	32	,	,	PUNCT
cblr-2937	771	33	supra	supra	PROPN
cblr-2937	771	34	note	note	PROPN
cblr-2937	771	35	36	36	NUM
cblr-2937	771	36	,	,	PUNCT
cblr-2937	771	37	at	at	ADP
cblr-2937	771	38	4	4	NUM
cblr-2937	771	39	(	(	PUNCT
cblr-2937	771	40	"	"	PUNCT
cblr-2937	771	41	[	[	X
cblr-2937	771	42	t]he	t]he	ADJ
cblr-2937	771	43	opinions	opinion	NOUN
cblr-2937	771	44	of	of	ADP
cblr-2937	771	45	[	[	X
cblr-2937	771	46	credit	credit	NOUN
cblr-2937	771	47	rating	rating	NOUN
cblr-2937	771	48	agencies	agency	NOUN
cblr-2937	771	49	]	]	PUNCT
cblr-2937	771	50	relate	relate	VERB
cblr-2937	771	51	solely	solely	ADV
cblr-2937	771	52	to	to	ADP
cblr-2937	771	53	the	the	DET
cblr-2937	771	54	likelihood	likelihood	NOUN
cblr-2937	771	55	that	that	SCONJ
cblr-2937	771	56	a	a	DET
cblr-2937	771	57	given	give	VERB
cblr-2937	771	58	debt	debt	NOUN
cblr-2937	771	59	security	security	NOUN
cblr-2937	771	60	will	will	AUX
cblr-2937	771	61	perform	perform	VERB
cblr-2937	771	62	according	accord	VERB
cblr-2937	771	63	to	to	ADP
cblr-2937	771	64	its	its	PRON
cblr-2937	771	65	terms	term	NOUN
cblr-2937	771	66	.	.	PUNCT
cblr-2937	771	67	.	.	PUNCT
cblr-2937	771	68	.	.	PUNCT
cblr-2937	771	69	.	.	PUNCT
cblr-2937	772	1	"	"	PUNCT
cblr-2937	772	2	)	)	PUNCT
cblr-2937	772	3	;	;	PUNCT
cblr-2937	772	4	coffee	coffee	NOUN
cblr-2937	772	5	,	,	PUNCT
cblr-2937	772	6	supra	supra	PROPN
cblr-2937	772	7	note	note	PROPN
cblr-2937	772	8	80	80	NUM
cblr-2937	772	9	,	,	PUNCT
cblr-2937	772	10	at	at	ADP
cblr-2937	772	11	292	292	NUM
cblr-2937	772	12	(	(	PUNCT
cblr-2937	772	13	ratings	rating	NOUN
cblr-2937	772	14	concentrate	concentrate	VERB
cblr-2937	772	15	almost	almost	ADV
cblr-2937	772	16	exclusively	exclusively	ADV
cblr-2937	772	17	on	on	ADP
cblr-2937	772	18	default	default	NOUN
cblr-2937	772	19	risk	risk	NOUN
cblr-2937	772	20	)	)	PUNCT
cblr-2937	772	21	.	.	PUNCT
cblr-2937	773	1	174	174	NUM
cblr-2937	773	2	see	see	VERB
cblr-2937	773	3	standard	standard	PROPN
cblr-2937	773	4	&	&	CCONJ
cblr-2937	773	5	poor	poor	PROPN
cblr-2937	773	6	's	's	PART
cblr-2937	773	7	,	,	PUNCT
cblr-2937	773	8	supra	supra	ADJ
cblr-2937	773	9	note	note	NOUN
cblr-2937	773	10	171	171	NUM
cblr-2937	773	11	.	.	PUNCT
cblr-2937	774	1	175	175	NUM
cblr-2937	774	2	see	see	VERB
cblr-2937	774	3	,	,	PUNCT
cblr-2937	774	4	e.g.	e.g.	ADV
cblr-2937	774	5	,	,	PUNCT
cblr-2937	774	6	senate	senate	PROPN
cblr-2937	774	7	turmoil	turmoil	NOUN
cblr-2937	774	8	hearings	hearing	NOUN
cblr-2937	774	9	,	,	PUNCT
cblr-2937	774	10	supra	supra	PROPN
cblr-2937	774	11	note	note	PROPN
cblr-2937	774	12	16	16	NUM
cblr-2937	774	13	,	,	PUNCT
cblr-2937	774	14	at	at	ADP
cblr-2937	774	15	48	48	NUM
cblr-2937	774	16	(	(	PUNCT
cblr-2937	774	17	prepared	prepared	ADJ
cblr-2937	774	18	testimony	testimony	NOUN
cblr-2937	774	19	of	of	ADP
cblr-2937	774	20	vickie	vickie	PROPN
cblr-2937	774	21	a.	a.	PROPN
cblr-2937	774	22	tillman	tillman	PROPN
cblr-2937	774	23	,	,	PUNCT
cblr-2937	774	24	executive	executive	ADJ
cblr-2937	774	25	vice	vice	NOUN
cblr-2937	774	26	president	president	NOUN
cblr-2937	774	27	,	,	PUNCT
cblr-2937	774	28	s&p	s&p	PROPN
cblr-2937	774	29	)	)	PUNCT
cblr-2937	775	1	[	[	X
cblr-2937	775	2	vol	vol	NOUN
cblr-2937	775	3	.	.	NOUN
cblr-2937	775	4	2009	2009	NUM
cblr-2937	775	5	credit	credit	NOUN
cblr-2937	775	6	rating	rating	NOUN
cblr-2937	775	7	agencies	agency	NOUN
cblr-2937	775	8	agencies	agency	NOUN
cblr-2937	775	9	to	to	PART
cblr-2937	775	10	tell	tell	VERB
cblr-2937	775	11	investors	investor	NOUN
cblr-2937	775	12	that	that	SCONJ
cblr-2937	775	13	their	their	PRON
cblr-2937	775	14	evaluations	evaluation	NOUN
cblr-2937	775	15	of	of	ADP
cblr-2937	775	16	credit	credit	NOUN
cblr-2937	775	17	risk	risk	NOUN
cblr-2937	775	18	are	be	AUX
cblr-2937	775	19	unreliable	unreliable	ADJ
cblr-2937	775	20	.	.	PUNCT
cblr-2937	776	1	2	2	X
cblr-2937	776	2	.	.	X
cblr-2937	776	3	ratings	rating	NOUN
cblr-2937	776	4	are	be	AUX
cblr-2937	776	5	described	describe	VERB
cblr-2937	776	6	primarily	primarily	ADV
cblr-2937	776	7	as	as	ADP
cblr-2937	776	8	ordinal	ordinal	ADJ
cblr-2937	776	9	,	,	PUNCT
cblr-2937	776	10	not	not	PART
cblr-2937	776	11	cardinal	cardinal	ADJ
cblr-2937	776	12	,	,	PUNCT
cblr-2937	776	13	assessments	assessment	NOUN
cblr-2937	776	14	of	of	ADP
cblr-2937	776	15	risk	risk	NOUN
cblr-2937	776	16	the	the	DET
cblr-2937	776	17	agencies	agency	NOUN
cblr-2937	776	18	stress	stress	VERB
cblr-2937	776	19	that	that	SCONJ
cblr-2937	776	20	their	their	PRON
cblr-2937	776	21	ratings	rating	NOUN
cblr-2937	776	22	are	be	AUX
cblr-2937	776	23	-	-	PUNCT
cblr-2937	776	24	at	at	ADP
cblr-2937	776	25	least	least	ADJ
cblr-2937	776	26	primarily-"ordinal	primarily-"ordinal	ADJ
cblr-2937	776	27	,	,	PUNCT
cblr-2937	776	28	"	"	PUNCT
cblr-2937	776	29	rather	rather	ADV
cblr-2937	776	30	than	than	ADP
cblr-2937	776	31	"	"	PUNCT
cblr-2937	776	32	cardinal	cardinal	ADJ
cblr-2937	776	33	.	.	PUNCT
cblr-2937	777	1	"'76	"'76	NOUN
cblr-2937	777	2	in	in	ADP
cblr-2937	777	3	other	other	ADJ
cblr-2937	777	4	words	word	NOUN
cblr-2937	777	5	,	,	PUNCT
cblr-2937	777	6	highly	highly	ADV
cblr-2937	777	7	rated	rate	VERB
cblr-2937	777	8	instruments	instrument	NOUN
cblr-2937	777	9	are	be	AUX
cblr-2937	777	10	supposed	suppose	VERB
cblr-2937	777	11	to	to	PART
cblr-2937	777	12	default	default	VERB
cblr-2937	777	13	less	less	ADV
cblr-2937	777	14	frequently	frequently	ADV
cblr-2937	777	15	than	than	ADP
cblr-2937	777	16	lower	lower	ADV
cblr-2937	777	17	-	-	PUNCT
cblr-2937	777	18	rated	rate	VERB
cblr-2937	777	19	instruments	instrument	NOUN
cblr-2937	777	20	,	,	PUNCT
cblr-2937	777	21	but	but	CCONJ
cblr-2937	777	22	a	a	DET
cblr-2937	777	23	given	give	VERB
cblr-2937	777	24	rating	rating	NOUN
cblr-2937	777	25	is	be	AUX
cblr-2937	777	26	not	not	PART
cblr-2937	777	27	supposed	suppose	VERB
cblr-2937	777	28	to	to	PART
cblr-2937	777	29	reflect	reflect	VERB
cblr-2937	777	30	any	any	DET
cblr-2937	777	31	specific	specific	ADJ
cblr-2937	777	32	probability	probability	NOUN
cblr-2937	777	33	of	of	ADP
cblr-2937	777	34	default	default	NOUN
cblr-2937	777	35	or	or	CCONJ
cblr-2937	777	36	level	level	NOUN
cblr-2937	777	37	of	of	ADP
cblr-2937	777	38	expected	expect	VERB
cblr-2937	777	39	loss	loss	NOUN
cblr-2937	777	40	.	.	PUNCT
cblr-2937	778	1	'77	'77	NUM
cblr-2937	778	2	agencies	agency	NOUN
cblr-2937	778	3	explain	explain	VERB
cblr-2937	778	4	this	this	PRON
cblr-2937	778	5	by	by	ADP
cblr-2937	778	6	noting	note	VERB
cblr-2937	778	7	that	that	SCONJ
cblr-2937	778	8	overall	overall	ADJ
cblr-2937	778	9	default	default	NOUN
cblr-2937	778	10	rates	rate	NOUN
cblr-2937	778	11	and	and	CCONJ
cblr-2937	778	12	losses	loss	NOUN
cblr-2937	778	13	-	-	PUNCT
cblr-2937	778	14	and	and	CCONJ
cblr-2937	778	15	thus	thus	ADV
cblr-2937	778	16	defaults	default	NOUN
cblr-2937	778	17	and	and	CCONJ
cblr-2937	778	18	losses	loss	NOUN
cblr-2937	778	19	within	within	ADP
cblr-2937	778	20	each	each	DET
cblr-2937	778	21	rating	rating	NOUN
cblr-2937	778	22	class	class	NOUN
cblr-2937	778	23	-	-	PUNCT
cblr-2937	778	24	are	be	AUX
cblr-2937	778	25	determined	determine	VERB
cblr-2937	778	26	to	to	ADP
cblr-2937	778	27	some	some	DET
cblr-2937	778	28	extent	extent	NOUN
cblr-2937	778	29	by	by	ADP
cblr-2937	778	30	economic	economic	ADJ
cblr-2937	778	31	cycles	cycle	NOUN
cblr-2937	778	32	and	and	CCONJ
cblr-2937	778	33	not	not	PART
cblr-2937	778	34	by	by	ADP
cblr-2937	778	35	the	the	DET
cblr-2937	778	36	differences	difference	NOUN
cblr-2937	778	37	in	in	ADP
cblr-2937	778	38	the	the	DET
cblr-2937	778	39	issue	issue	NOUN
cblr-2937	778	40	or	or	CCONJ
cblr-2937	778	41	issuer	issuer	ADJ
cblr-2937	778	42	credit	credit	NOUN
cblr-2937	778	43	quality	quality	NOUN
cblr-2937	778	44	that	that	PRON
cblr-2937	778	45	ratings	rating	NOUN
cblr-2937	778	46	are	be	AUX
cblr-2937	778	47	intended	intend	VERB
cblr-2937	778	48	to	to	PART
cblr-2937	778	49	assess.78	assess.78	AUX
cblr-2937	778	50	perhaps	perhaps	ADV
cblr-2937	778	51	recognizing	recognize	VERB
cblr-2937	778	52	that	that	SCONJ
cblr-2937	778	53	the	the	DET
cblr-2937	778	54	ordinal	ordinal	ADJ
cblr-2937	778	55	-	-	PUNCT
cblr-2937	778	56	default	default	NOUN
cblr-2937	778	57	argument	argument	NOUN
cblr-2937	778	58	is	be	AUX
cblr-2937	778	59	not	not	PART
cblr-2937	778	60	a	a	DET
cblr-2937	778	61	terribly	terribly	ADV
cblr-2937	778	62	compelling	compelling	ADJ
cblr-2937	778	63	value	value	NOUN
cblr-2937	778	64	proposition	proposition	NOUN
cblr-2937	778	65	,	,	PUNCT
cblr-2937	778	66	the	the	DET
cblr-2937	778	67	agencies	agency	NOUN
cblr-2937	778	68	also	also	ADV
cblr-2937	778	69	make	make	VERB
cblr-2937	778	70	claims	claim	NOUN
cblr-2937	778	71	about	about	ADP
cblr-2937	778	72	their	their	PRON
cblr-2937	778	73	absolute	absolute	ADJ
cblr-2937	778	74	performance	performance	NOUN
cblr-2937	778	75	,	,	PUNCT
cblr-2937	778	76	(	(	PUNCT
cblr-2937	778	77	responding	respond	VERB
cblr-2937	778	78	to	to	PART
cblr-2937	778	79	question	question	NOUN
cblr-2937	778	80	about	about	ADP
cblr-2937	778	81	consequences	consequence	NOUN
cblr-2937	778	82	of	of	ADP
cblr-2937	778	83	poor	poor	ADJ
cblr-2937	778	84	-	-	PUNCT
cblr-2937	778	85	quality	quality	NOUN
cblr-2937	778	86	ratings	rating	NOUN
cblr-2937	778	87	:	:	PUNCT
cblr-2937	778	88	"	"	PUNCT
cblr-2937	778	89	i	i	PRON
cblr-2937	778	90	mean	mean	VERB
cblr-2937	778	91	,	,	PUNCT
cblr-2937	778	92	our	our	PRON
cblr-2937	778	93	reputation	reputation	NOUN
cblr-2937	778	94	is	be	AUX
cblr-2937	778	95	everything	everything	PRON
cblr-2937	778	96	.	.	PUNCT
cblr-2937	779	1	the	the	DET
cblr-2937	779	2	market	market	NOUN
cblr-2937	779	3	evaluates	evaluate	VERB
cblr-2937	779	4	us	we	PRON
cblr-2937	779	5	every	every	DET
cblr-2937	779	6	day	day	NOUN
cblr-2937	779	7	.	.	PUNCT
cblr-2937	779	8	"	"	PUNCT
cblr-2937	779	9	)	)	PUNCT
cblr-2937	779	10	;	;	PUNCT
cblr-2937	779	11	senate	senate	PROPN
cblr-2937	779	12	cra	cra	PROPN
cblr-2937	779	13	oversight	oversight	NOUN
cblr-2937	779	14	hearings	hearing	NOUN
cblr-2937	779	15	,	,	PUNCT
cblr-2937	779	16	supra	supra	PROPN
cblr-2937	779	17	note	note	PROPN
cblr-2937	779	18	62	62	NUM
cblr-2937	779	19	,	,	PUNCT
cblr-2937	779	20	at	at	ADP
cblr-2937	779	21	12	12	NUM
cblr-2937	779	22	(	(	PUNCT
cblr-2937	779	23	prepared	prepared	ADJ
cblr-2937	779	24	testimony	testimony	NOUN
cblr-2937	779	25	of	of	ADP
cblr-2937	779	26	vickie	vickie	PROPN
cblr-2937	779	27	a.	a.	PROPN
cblr-2937	779	28	tillman	tillman	PROPN
cblr-2937	779	29	)	)	PUNCT
cblr-2937	779	30	(	(	PUNCT
cblr-2937	779	31	"	"	PUNCT
cblr-2937	779	32	the	the	DET
cblr-2937	779	33	hallmark	hallmark	NOUN
cblr-2937	779	34	of	of	ADP
cblr-2937	779	35	s&p	s&p	PROPN
cblr-2937	779	36	's	's	PART
cblr-2937	779	37	success	success	NOUN
cblr-2937	779	38	in	in	ADP
cblr-2937	779	39	the	the	DET
cblr-2937	779	40	market	market	NOUN
cblr-2937	779	41	and	and	CCONJ
cblr-2937	779	42	of	of	ADP
cblr-2937	779	43	our	our	PRON
cblr-2937	779	44	prospects	prospect	NOUN
cblr-2937	779	45	for	for	ADP
cblr-2937	779	46	future	future	ADJ
cblr-2937	779	47	success	success	NOUN
cblr-2937	779	48	is	be	AUX
cblr-2937	779	49	our	our	PRON
cblr-2937	779	50	reputation	reputation	NOUN
cblr-2937	779	51	for	for	ADP
cblr-2937	779	52	independence	independence	NOUN
cblr-2937	779	53	and	and	CCONJ
cblr-2937	779	54	objectivity	objectivity	NOUN
cblr-2937	779	55	.	.	PUNCT
cblr-2937	780	1	without	without	ADP
cblr-2937	780	2	that	that	DET
cblr-2937	780	3	reputation	reputation	NOUN
cblr-2937	780	4	,	,	PUNCT
cblr-2937	780	5	s&p	s&p	PROPN
cblr-2937	780	6	could	could	AUX
cblr-2937	780	7	hardly	hardly	ADV
cblr-2937	780	8	have	have	AUX
cblr-2937	780	9	achieved	achieve	VERB
cblr-2937	780	10	its	its	PRON
cblr-2937	780	11	place	place	NOUN
cblr-2937	780	12	as	as	ADP
cblr-2937	780	13	one	one	NUM
cblr-2937	780	14	of	of	ADP
cblr-2937	780	15	the	the	DET
cblr-2937	780	16	world	world	NOUN
cblr-2937	780	17	's	's	PART
cblr-2937	780	18	most	most	ADV
cblr-2937	780	19	respected	respected	ADJ
cblr-2937	780	20	credit	credit	NOUN
cblr-2937	780	21	rating	rating	NOUN
cblr-2937	780	22	agencies	agency	NOUN
cblr-2937	780	23	and	and	CCONJ
cblr-2937	780	24	we	we	PRON
cblr-2937	780	25	have	have	VERB
cblr-2937	780	26	every	every	DET
cblr-2937	780	27	incentive	incentive	NOUN
cblr-2937	780	28	to	to	PART
cblr-2937	780	29	preserve	preserve	VERB
cblr-2937	780	30	it	it	PRON
cblr-2937	780	31	.	.	PUNCT
cblr-2937	780	32	"	"	PUNCT
cblr-2937	780	33	)	)	PUNCT
cblr-2937	780	34	.	.	PUNCT
cblr-2937	781	1	"	"	PUNCT
cblr-2937	781	2	6	6	NUM
cblr-2937	781	3	moody	moody	NOUN
cblr-2937	781	4	's	's	PART
cblr-2937	781	5	rating	rating	NOUN
cblr-2937	781	6	system	system	NOUN
cblr-2937	781	7	,	,	PUNCT
cblr-2937	781	8	supra	supra	PROPN
cblr-2937	781	9	note	note	PROPN
cblr-2937	781	10	11	11	NUM
cblr-2937	781	11	(	(	PUNCT
cblr-2937	781	12	"	"	PUNCT
cblr-2937	781	13	moody	moody	PROPN
cblr-2937	781	14	's	's	PART
cblr-2937	781	15	credit	credit	NOUN
cblr-2937	781	16	ratings	rating	NOUN
cblr-2937	781	17	represent	represent	VERB
cblr-2937	781	18	a	a	DET
cblr-2937	781	19	rank	rank	NOUN
cblr-2937	781	20	-	-	PUNCT
cblr-2937	781	21	ordering	ordering	NOUN
cblr-2937	781	22	of	of	ADP
cblr-2937	781	23	creditworthiness	creditworthiness	NOUN
cblr-2937	781	24	,	,	PUNCT
cblr-2937	781	25	or	or	CCONJ
cblr-2937	781	26	expected	expect	VERB
cblr-2937	781	27	loss	loss	NOUN
cblr-2937	781	28	....	....	PUNCT
cblr-2937	782	1	while	while	SCONJ
cblr-2937	782	2	a	a	DET
cblr-2937	782	3	credit	credit	NOUN
cblr-2937	782	4	rating	rating	NOUN
cblr-2937	782	5	summarizes	summarize	NOUN
cblr-2937	782	6	the	the	DET
cblr-2937	782	7	credit	credit	NOUN
cblr-2937	782	8	risk	risk	NOUN
cblr-2937	782	9	characteristics	characteristic	NOUN
cblr-2937	782	10	of	of	ADP
cblr-2937	782	11	an	an	DET
cblr-2937	782	12	obligor	obligor	NOUN
cblr-2937	782	13	or	or	CCONJ
cblr-2937	782	14	obligation	obligation	NOUN
cblr-2937	782	15	,	,	PUNCT
cblr-2937	782	16	it	it	PRON
cblr-2937	782	17	is	be	AUX
cblr-2937	782	18	not	not	PART
cblr-2937	782	19	a	a	DET
cblr-2937	782	20	statement	statement	NOUN
cblr-2937	782	21	as	as	ADP
cblr-2937	782	22	to	to	ADP
cblr-2937	782	23	which	which	PRON
cblr-2937	782	24	obligors	obligor	NOUN
cblr-2937	782	25	or	or	CCONJ
cblr-2937	782	26	obligations	obligation	NOUN
cblr-2937	782	27	will	will	AUX
cblr-2937	782	28	default	default	VERB
cblr-2937	782	29	in	in	ADP
cblr-2937	782	30	the	the	DET
cblr-2937	782	31	future	future	NOUN
cblr-2937	782	32	.	.	PUNCT
cblr-2937	783	1	rather	rather	ADV
cblr-2937	783	2	,	,	PUNCT
cblr-2937	783	3	it	it	PRON
cblr-2937	783	4	is	be	AUX
cblr-2937	783	5	expected	expect	VERB
cblr-2937	783	6	that	that	SCONJ
cblr-2937	783	7	lower	low	ADJ
cblr-2937	783	8	rated	rate	VERB
cblr-2937	783	9	entities	entity	NOUN
cblr-2937	783	10	and	and	CCONJ
cblr-2937	783	11	obligations	obligation	NOUN
cblr-2937	783	12	will	will	AUX
cblr-2937	783	13	default	default	VERB
cblr-2937	783	14	,	,	PUNCT
cblr-2937	783	15	on	on	ADP
cblr-2937	783	16	average	average	ADJ
cblr-2937	783	17	,	,	PUNCT
cblr-2937	783	18	at	at	ADP
cblr-2937	783	19	a	a	DET
cblr-2937	783	20	higher	high	ADJ
cblr-2937	783	21	frequency	frequency	NOUN
cblr-2937	783	22	than	than	ADP
cblr-2937	783	23	more	more	ADV
cblr-2937	783	24	highly	highly	ADV
cblr-2937	783	25	rated	rate	VERB
cblr-2937	783	26	entities	entity	NOUN
cblr-2937	783	27	and	and	CCONJ
cblr-2937	783	28	obligations	obligation	NOUN
cblr-2937	783	29	.	.	PUNCT
cblr-2937	783	30	"	"	PUNCT
cblr-2937	783	31	)	)	PUNCT
cblr-2937	783	32	;	;	PUNCT
cblr-2937	783	33	moody	moody	PROPN
cblr-2937	783	34	's	's	PART
cblr-2937	783	35	investors	investor	NOUN
cblr-2937	783	36	service	service	PROPN
cblr-2937	783	37	,	,	PUNCT
cblr-2937	783	38	supra	supra	PROPN
cblr-2937	783	39	note	note	NOUN
cblr-2937	783	40	167	167	NUM
cblr-2937	783	41	,	,	PUNCT
cblr-2937	783	42	at	at	ADP
cblr-2937	783	43	8	8	NUM
cblr-2937	783	44	(	(	PUNCT
cblr-2937	783	45	long	long	ADJ
cblr-2937	783	46	-	-	PUNCT
cblr-2937	783	47	term	term	NOUN
cblr-2937	783	48	corporate	corporate	ADJ
cblr-2937	783	49	obligation	obligation	NOUN
cblr-2937	783	50	ratings	rating	NOUN
cblr-2937	783	51	"	"	PUNCT
cblr-2937	783	52	are	be	AUX
cblr-2937	783	53	opinions	opinion	NOUN
cblr-2937	783	54	of	of	ADP
cblr-2937	783	55	the	the	DET
cblr-2937	783	56	relative	relative	ADJ
cblr-2937	783	57	credit	credit	NOUN
cblr-2937	783	58	risk	risk	NOUN
cblr-2937	783	59	of	of	ADP
cblr-2937	783	60	fixed	fix	VERB
cblr-2937	783	61	-	-	PUNCT
cblr-2937	783	62	income	income	NOUN
cblr-2937	783	63	obligations	obligation	NOUN
cblr-2937	783	64	with	with	ADP
cblr-2937	783	65	an	an	DET
cblr-2937	783	66	original	original	ADJ
cblr-2937	783	67	maturity	maturity	NOUN
cblr-2937	783	68	of	of	ADP
cblr-2937	783	69	one	one	NUM
cblr-2937	783	70	year	year	NOUN
cblr-2937	783	71	or	or	CCONJ
cblr-2937	783	72	more	more	ADJ
cblr-2937	783	73	"	"	PUNCT
cblr-2937	783	74	(	(	PUNCT
cblr-2937	783	75	emphasis	emphasis	NOUN
cblr-2937	783	76	added	add	VERB
cblr-2937	783	77	)	)	PUNCT
cblr-2937	783	78	)	)	PUNCT
cblr-2937	783	79	.	.	PUNCT
cblr-2937	784	1	171	171	NUM
cblr-2937	784	2	standard	standard	PROPN
cblr-2937	784	3	&	&	CCONJ
cblr-2937	784	4	poor	poor	PROPN
cblr-2937	784	5	's	's	PART
cblr-2937	784	6	,	,	PUNCT
cblr-2937	784	7	supra	supra	PROPN
cblr-2937	784	8	note	note	PROPN
cblr-2937	784	9	172	172	NUM
cblr-2937	784	10	,	,	PUNCT
cblr-2937	784	11	at	at	ADP
cblr-2937	784	12	9	9	NUM
cblr-2937	784	13	(	(	PUNCT
cblr-2937	784	14	"	"	PUNCT
cblr-2937	784	15	the	the	DET
cblr-2937	784	16	definitions	definition	NOUN
cblr-2937	784	17	of	of	ADP
cblr-2937	784	18	each	each	DET
cblr-2937	784	19	rating	rating	NOUN
cblr-2937	784	20	category	category	NOUN
cblr-2937	784	21	also	also	ADV
cblr-2937	784	22	make	make	VERB
cblr-2937	784	23	clear	clear	ADJ
cblr-2937	784	24	that	that	SCONJ
cblr-2937	784	25	we	we	PRON
cblr-2937	784	26	do	do	AUX
cblr-2937	784	27	not	not	PART
cblr-2937	784	28	attach	attach	VERB
cblr-2937	784	29	any	any	DET
cblr-2937	784	30	quantified	quantified	ADJ
cblr-2937	784	31	estimate	estimate	NOUN
cblr-2937	784	32	of	of	ADP
cblr-2937	784	33	default	default	NOUN
cblr-2937	784	34	probability	probability	NOUN
cblr-2937	784	35	to	to	ADP
cblr-2937	784	36	any	any	DET
cblr-2937	784	37	rating	rating	NOUN
cblr-2937	784	38	category	category	NOUN
cblr-2937	784	39	.	.	PUNCT
cblr-2937	784	40	"	"	PUNCT
cblr-2937	784	41	)	)	PUNCT
cblr-2937	784	42	.	.	PUNCT
cblr-2937	785	1	17	17	NUM
cblr-2937	785	2	fitch	fitch	NOUN
cblr-2937	785	3	ratings	rating	NOUN
cblr-2937	785	4	,	,	PUNCT
cblr-2937	785	5	supra	supra	PROPN
cblr-2937	785	6	note	note	PROPN
cblr-2937	785	7	164	164	NUM
cblr-2937	785	8	,	,	PUNCT
cblr-2937	785	9	at	at	ADP
cblr-2937	785	10	1	1	NUM
cblr-2937	785	11	.	.	PUNCT
cblr-2937	786	1	no	no	INTJ
cblr-2937	786	2	.	.	NOUN
cblr-2937	787	1	1	1	NUM
cblr-2937	787	2	:	:	SYM
cblr-2937	787	3	109	109	NUM
cblr-2937	787	4	]	]	PUNCT
cblr-2937	787	5	columbia	columbia	PROPN
cblr-2937	787	6	business	business	PROPN
cblr-2937	787	7	law	law	PROPN
cblr-2937	787	8	review	review	NOUN
cblr-2937	787	9	asserting	assert	VERB
cblr-2937	787	10	that	that	SCONJ
cblr-2937	787	11	highly	highly	ADV
cblr-2937	787	12	rated	rate	VERB
cblr-2937	787	13	(	(	PUNCT
cblr-2937	787	14	"	"	PUNCT
cblr-2937	787	15	investment	investment	NOUN
cblr-2937	787	16	grade	grade	NOUN
cblr-2937	787	17	"	"	PUNCT
cblr-2937	787	18	)	)	PUNCT
cblr-2937	787	19	bonds	bond	NOUN
cblr-2937	787	20	rarely	rarely	ADV
cblr-2937	787	21	default.179	default.179	VERB
cblr-2937	787	22	3	3	NUM
cblr-2937	787	23	.	.	PUNCT
cblr-2937	788	1	ratings	rating	NOUN
cblr-2937	788	2	are	be	AUX
cblr-2937	788	3	described	describe	VERB
cblr-2937	788	4	as	as	ADP
cblr-2937	788	5	consistent	consistent	ADJ
cblr-2937	788	6	between	between	ADP
cblr-2937	788	7	traditional	traditional	ADJ
cblr-2937	788	8	and	and	CCONJ
cblr-2937	788	9	novel	novel	ADJ
cblr-2937	788	10	instruments	instrument	NOUN
cblr-2937	788	11	rating	rating	NOUN
cblr-2937	788	12	agencies	agency	NOUN
cblr-2937	788	13	assert	assert	VERB
cblr-2937	788	14	that	that	SCONJ
cblr-2937	788	15	their	their	PRON
cblr-2937	788	16	ratings	rating	NOUN
cblr-2937	788	17	are	be	AUX
cblr-2937	788	18	intended	intend	VERB
cblr-2937	788	19	to	to	PART
cblr-2937	788	20	be	be	AUX
cblr-2937	788	21	consistent	consistent	ADJ
cblr-2937	788	22	across	across	ADP
cblr-2937	788	23	types	type	NOUN
cblr-2937	788	24	of	of	ADP
cblr-2937	788	25	instruments	instrument	NOUN
cblr-2937	788	26	,	,	PUNCT
cblr-2937	788	27	so	so	SCONJ
cblr-2937	788	28	that	that	SCONJ
cblr-2937	788	29	the	the	DET
cblr-2937	788	30	aaa	aaa	NOUN
cblr-2937	788	31	/	/	SYM
cblr-2937	788	32	aaa	aaa	NOUN
cblr-2937	788	33	rating	rating	NOUN
cblr-2937	788	34	for	for	ADP
cblr-2937	788	35	a	a	DET
cblr-2937	788	36	traditional	traditional	ADJ
cblr-2937	788	37	corporate	corporate	ADJ
cblr-2937	788	38	bond	bond	NOUN
cblr-2937	788	39	should	should	AUX
cblr-2937	788	40	mean	mean	VERB
cblr-2937	788	41	approximately	approximately	ADV
cblr-2937	788	42	the	the	DET
cblr-2937	788	43	same	same	ADJ
cblr-2937	788	44	thing	thing	NOUN
cblr-2937	788	45	as	as	ADP
cblr-2937	788	46	the	the	DET
cblr-2937	788	47	aaa	aaa	NOUN
cblr-2937	788	48	/	/	SYM
cblr-2937	788	49	aaa	aaa	NOUN
cblr-2937	788	50	rating	rating	NOUN
cblr-2937	788	51	for	for	ADP
cblr-2937	788	52	a	a	DET
cblr-2937	788	53	structured	structure	VERB
cblr-2937	788	54	-	-	PUNCT
cblr-2937	788	55	finance	finance	NOUN
cblr-2937	788	56	instrument.8	instrument.8	NOUN
cblr-2937	788	57	°	°	PROPN
cblr-2937	788	58	as	as	ADP
cblr-2937	788	59	standard	standard	PROPN
cblr-2937	788	60	&	&	CCONJ
cblr-2937	788	61	poor	poor	PROPN
cblr-2937	788	62	's	's	PART
cblr-2937	788	63	puts	put	VERB
cblr-2937	788	64	it	it	PRON
cblr-2937	788	65	,	,	PUNCT
cblr-2937	788	66	if	if	SCONJ
cblr-2937	788	67	an	an	DET
cblr-2937	788	68	asset	asset	NOUN
cblr-2937	788	69	manager	manager	NOUN
cblr-2937	788	70	buys	buy	VERB
cblr-2937	788	71	10,000	10,000	NUM
cblr-2937	788	72	'	'	PUNCT
cblr-2937	788	73	a	a	DET
cblr-2937	788	74	'	'	PUNCT
cblr-2937	788	75	rated	rate	VERB
cblr-2937	788	76	bank	bank	NOUN
cblr-2937	788	77	bonds	bond	NOUN
cblr-2937	788	78	and	and	CCONJ
cblr-2937	788	79	10,000	10,000	NUM
cblr-2937	788	80	'	'	NOUN
cblr-2937	788	81	a	a	DET
cblr-2937	788	82	'	'	PUNCT
cblr-2937	788	83	rated	rate	VERB
cblr-2937	788	84	commercial	commercial	ADJ
cblr-2937	788	85	mortgage	mortgage	NOUN
cblr-2937	788	86	-	-	PUNCT
cblr-2937	788	87	backed	back	VERB
cblr-2937	788	88	securities	security	NOUN
cblr-2937	788	89	(	(	PUNCT
cblr-2937	788	90	cmbs	cmbs	PROPN
cblr-2937	788	91	)	)	PUNCT
cblr-2937	788	92	,	,	PUNCT
cblr-2937	788	93	are	be	AUX
cblr-2937	788	94	we	we	PRON
cblr-2937	788	95	really	really	ADV
cblr-2937	788	96	claiming	claim	VERB
cblr-2937	788	97	that	that	SCONJ
cblr-2937	788	98	,	,	PUNCT
cblr-2937	788	99	after	after	ADP
cblr-2937	788	100	10	10	NUM
cblr-2937	788	101	years	year	NOUN
cblr-2937	788	102	,	,	PUNCT
cblr-2937	788	103	the	the	DET
cblr-2937	788	104	number	number	NOUN
cblr-2937	788	105	of	of	ADP
cblr-2937	788	106	defaults	default	NOUN
cblr-2937	788	107	on	on	ADP
cblr-2937	788	108	both	both	DET
cblr-2937	788	109	portfolios	portfolio	NOUN
cblr-2937	788	110	will	will	AUX
cblr-2937	788	111	be	be	AUX
cblr-2937	788	112	exactly	exactly	ADV
cblr-2937	788	113	the	the	DET
cblr-2937	788	114	same	same	ADJ
cblr-2937	788	115	?	?	PUNCT
cblr-2937	789	1	of	of	ADV
cblr-2937	789	2	course	course	ADV
cblr-2937	789	3	not	not	PART
cblr-2937	789	4	.	.	PUNCT
cblr-2937	790	1	however	however	ADV
cblr-2937	790	2	,	,	PUNCT
cblr-2937	790	3	we	we	PRON
cblr-2937	790	4	believe	believe	VERB
cblr-2937	790	5	there	there	PRON
cblr-2937	790	6	is	be	VERB
cblr-2937	790	7	a	a	DET
cblr-2937	790	8	good	good	ADJ
cblr-2937	790	9	chance	chance	NOUN
cblr-2937	790	10	that	that	SCONJ
cblr-2937	790	11	their	their	PRON
cblr-2937	790	12	average	average	ADJ
cblr-2937	790	13	long	long	ADJ
cblr-2937	790	14	-	-	PUNCT
cblr-2937	790	15	term	term	NOUN
cblr-2937	790	16	default	default	NOUN
cblr-2937	790	17	experience	experience	NOUN
cblr-2937	790	18	through	through	ADP
cblr-2937	790	19	the	the	DET
cblr-2937	790	20	economic	economic	ADJ
cblr-2937	790	21	cycle	cycle	NOUN
cblr-2937	790	22	will	will	AUX
cblr-2937	790	23	be	be	AUX
cblr-2937	790	24	broadly	broadly	ADV
cblr-2937	790	25	similar	similar	ADJ
cblr-2937	790	26	.	.	PUNCT
cblr-2937	791	1	"8	"8	NOUN
cblr-2937	791	2	'	'	PART
cblr-2937	791	3	179	179	NUM
cblr-2937	791	4	standard	standard	PROPN
cblr-2937	791	5	&	&	CCONJ
cblr-2937	791	6	poor	poor	PROPN
cblr-2937	791	7	's	's	PART
cblr-2937	791	8	,	,	PUNCT
cblr-2937	791	9	supra	supra	PROPN
cblr-2937	791	10	note	note	NOUN
cblr-2937	791	11	172	172	NUM
cblr-2937	791	12	,	,	PUNCT
cblr-2937	791	13	at	at	ADP
cblr-2937	791	14	10	10	NUM
cblr-2937	791	15	;	;	PUNCT
cblr-2937	791	16	moody	moody	PROPN
cblr-2937	791	17	's	's	PART
cblr-2937	791	18	rating	rating	NOUN
cblr-2937	791	19	system	system	NOUN
cblr-2937	791	20	,	,	PUNCT
cblr-2937	791	21	supra	supra	PROPN
cblr-2937	791	22	note	note	PROPN
cblr-2937	791	23	11	11	NUM
cblr-2937	791	24	;	;	PUNCT
cblr-2937	791	25	structured	structure	VERB
cblr-2937	791	26	finance	finance	NOUN
cblr-2937	791	27	rating	rating	NOUN
cblr-2937	791	28	performance	performance	NOUN
cblr-2937	791	29	2007	2007	NUM
cblr-2937	791	30	,	,	PUNCT
cblr-2937	791	31	supra	supra	PROPN
cblr-2937	791	32	note	note	NOUN
cblr-2937	791	33	106	106	NUM
cblr-2937	791	34	,	,	PUNCT
cblr-2937	791	35	at	at	ADP
cblr-2937	791	36	4	4	NUM
cblr-2937	791	37	(	(	PUNCT
cblr-2937	791	38	"	"	PUNCT
cblr-2937	791	39	[	[	X
cblr-2937	791	40	w]e	w]e	NOUN
cblr-2937	791	41	regularly	regularly	ADV
cblr-2937	791	42	track	track	VERB
cblr-2937	791	43	investment	investment	NOUN
cblr-2937	791	44	-	-	PUNCT
cblr-2937	791	45	grade	grade	NOUN
cblr-2937	791	46	loss	loss	NOUN
cblr-2937	791	47	rates	rate	NOUN
cblr-2937	791	48	and	and	CCONJ
cblr-2937	791	49	the	the	DET
cblr-2937	791	50	average	average	ADJ
cblr-2937	791	51	rating	rating	NOUN
cblr-2937	791	52	of	of	ADP
cblr-2937	791	53	securities	security	NOUN
cblr-2937	791	54	during	during	ADP
cblr-2937	791	55	the	the	DET
cblr-2937	791	56	36	36	NUM
cblr-2937	791	57	months	month	NOUN
cblr-2937	791	58	prior	prior	ADV
cblr-2937	791	59	to	to	ADP
cblr-2937	791	60	impairment	impairment	NOUN
cblr-2937	791	61	.	.	PUNCT
cblr-2937	792	1	both	both	PRON
cblr-2937	792	2	of	of	ADP
cblr-2937	792	3	these	these	DET
cblr-2937	792	4	measures	measure	NOUN
cblr-2937	792	5	should	should	AUX
cblr-2937	792	6	be	be	AUX
cblr-2937	792	7	low	low	ADJ
cblr-2937	792	8	if	if	SCONJ
cblr-2937	792	9	the	the	DET
cblr-2937	792	10	rating	rating	NOUN
cblr-2937	792	11	system	system	NOUN
cblr-2937	792	12	is	be	AUX
cblr-2937	792	13	accurate	accurate	ADJ
cblr-2937	792	14	in	in	ADP
cblr-2937	792	15	a	a	DET
cblr-2937	792	16	cardinal	cardinal	ADJ
cblr-2937	792	17	sense	sense	NOUN
cblr-2937	792	18	.	.	PUNCT
cblr-2937	793	1	"	"	PUNCT
cblr-2937	793	2	)	)	PUNCT
cblr-2937	793	3	.	.	PUNCT
cblr-2937	794	1	.80	.80	NUM
cblr-2937	794	2	fitch	fitch	NOUN
cblr-2937	794	3	ratings	rating	NOUN
cblr-2937	794	4	,	,	PUNCT
cblr-2937	794	5	supra	supra	PROPN
cblr-2937	794	6	note	note	NOUN
cblr-2937	794	7	162	162	NUM
cblr-2937	794	8	,	,	PUNCT
cblr-2937	794	9	at	at	ADP
cblr-2937	794	10	8	8	NUM
cblr-2937	794	11	(	(	PUNCT
cblr-2937	794	12	"	"	PUNCT
cblr-2937	794	13	it	it	PRON
cblr-2937	794	14	is	be	AUX
cblr-2937	794	15	fitch	fitch	NOUN
cblr-2937	794	16	's	's	PART
cblr-2937	794	17	aim	aim	NOUN
cblr-2937	794	18	that	that	SCONJ
cblr-2937	794	19	creditworthiness	creditworthiness	NOUN
cblr-2937	794	20	should	should	AUX
cblr-2937	794	21	be	be	AUX
cblr-2937	794	22	broadly	broadly	ADV
cblr-2937	794	23	comparable	comparable	ADJ
cblr-2937	794	24	by	by	ADP
cblr-2937	794	25	category	category	NOUN
cblr-2937	794	26	across	across	ADP
cblr-2937	794	27	all	all	DET
cblr-2937	794	28	major	major	ADJ
cblr-2937	794	29	sectors	sector	NOUN
cblr-2937	794	30	of	of	ADP
cblr-2937	794	31	debt	debt	NOUN
cblr-2937	794	32	(	(	PUNCT
cblr-2937	794	33	with	with	ADP
cblr-2937	794	34	the	the	DET
cblr-2937	794	35	exception	exception	NOUN
cblr-2937	794	36	of	of	ADP
cblr-2937	794	37	us	us	PROPN
cblr-2937	794	38	public	public	ADJ
cblr-2937	794	39	or	or	CCONJ
cblr-2937	794	40	municipal	municipal	ADJ
cblr-2937	794	41	finance	finance	NOUN
cblr-2937	794	42	...	...	PUNCT
cblr-2937	794	43	)	)	PUNCT
cblr-2937	794	44	.	.	PUNCT
cblr-2937	795	1	"	"	PUNCT
cblr-2937	795	2	)	)	PUNCT
cblr-2937	795	3	;	;	PUNCT
cblr-2937	795	4	standard	standard	PROPN
cblr-2937	795	5	&	&	CCONJ
cblr-2937	795	6	poor	poor	PROPN
cblr-2937	795	7	's	's	PART
cblr-2937	795	8	,	,	PUNCT
cblr-2937	795	9	supra	supra	PROPN
cblr-2937	795	10	note	note	NOUN
cblr-2937	795	11	172	172	NUM
cblr-2937	795	12	,	,	PUNCT
cblr-2937	795	13	at	at	ADP
cblr-2937	795	14	10	10	NUM
cblr-2937	795	15	(	(	PUNCT
cblr-2937	795	16	"	"	PUNCT
cblr-2937	795	17	do	do	AUX
cblr-2937	795	18	ratings	rating	NOUN
cblr-2937	795	19	have	have	VERB
cblr-2937	795	20	the	the	DET
cblr-2937	795	21	same	same	ADJ
cblr-2937	795	22	meaning	meaning	NOUN
cblr-2937	795	23	across	across	ADP
cblr-2937	795	24	sectors	sector	NOUN
cblr-2937	795	25	and	and	CCONJ
cblr-2937	795	26	asset	asset	NOUN
cblr-2937	795	27	classes	class	NOUN
cblr-2937	795	28	?	?	PUNCT
cblr-2937	796	1	the	the	DET
cblr-2937	796	2	simple	simple	ADJ
cblr-2937	796	3	answer	answer	NOUN
cblr-2937	796	4	is	be	AUX
cblr-2937	796	5	'	'	PUNCT
cblr-2937	796	6	yes	yes	INTJ
cblr-2937	796	7	.	.	PUNCT
cblr-2937	796	8	'	'	PUNCT
cblr-2937	796	9	"	"	PUNCT
cblr-2937	796	10	)	)	PUNCT
cblr-2937	796	11	;	;	PUNCT
cblr-2937	796	12	moody	moody	PROPN
cblr-2937	796	13	's	's	PART
cblr-2937	796	14	investors	investor	NOUN
cblr-2937	796	15	service	service	NOUN
cblr-2937	796	16	,	,	PUNCT
cblr-2937	796	17	structured	structure	VERB
cblr-2937	796	18	finance	finance	NOUN
cblr-2937	796	19	longterm	longterm	NOUN
cblr-2937	796	20	ratings	rating	NOUN
cblr-2937	796	21	(	(	PUNCT
cblr-2937	796	22	2008	2008	NUM
cblr-2937	796	23	)	)	PUNCT
cblr-2937	796	24	(	(	PUNCT
cblr-2937	796	25	structured	structure	VERB
cblr-2937	796	26	finance	finance	NOUN
cblr-2937	796	27	ratings	rating	NOUN
cblr-2937	796	28	"	"	PUNCT
cblr-2937	796	29	are	be	AUX
cblr-2937	796	30	calibrated	calibrate	VERB
cblr-2937	796	31	to	to	ADP
cblr-2937	796	32	the	the	DET
cblr-2937	796	33	moody	moody	NOUN
cblr-2937	796	34	's	's	PART
cblr-2937	796	35	corporate	corporate	ADJ
cblr-2937	796	36	scale	scale	NOUN
cblr-2937	796	37	"	"	PUNCT
cblr-2937	796	38	)	)	PUNCT
cblr-2937	796	39	.	.	PUNCT
cblr-2937	797	1	ratings	rating	NOUN
cblr-2937	797	2	for	for	ADP
cblr-2937	797	3	municipal	municipal	ADJ
cblr-2937	797	4	bonds	bond	NOUN
cblr-2937	797	5	have	have	AUX
cblr-2937	797	6	been	be	AUX
cblr-2937	797	7	an	an	DET
cblr-2937	797	8	important	important	ADJ
cblr-2937	797	9	exception	exception	NOUN
cblr-2937	797	10	;	;	PUNCT
cblr-2937	797	11	an	an	DET
cblr-2937	797	12	"	"	PUNCT
cblr-2937	797	13	a	a	DET
cblr-2937	797	14	"	"	PUNCT
cblr-2937	797	15	rating	rating	NOUN
cblr-2937	797	16	for	for	ADP
cblr-2937	797	17	a	a	DET
cblr-2937	797	18	municipal	municipal	ADJ
cblr-2937	797	19	bond	bond	NOUN
cblr-2937	797	20	has	have	AUX
cblr-2937	797	21	corresponded	correspond	VERB
cblr-2937	797	22	to	to	ADP
cblr-2937	797	23	a	a	DET
cblr-2937	797	24	much	much	ADV
cblr-2937	797	25	lower	low	ADJ
cblr-2937	797	26	default	default	NOUN
cblr-2937	797	27	risk	risk	NOUN
cblr-2937	797	28	than	than	ADP
cblr-2937	797	29	an	an	DET
cblr-2937	797	30	"	"	PUNCT
cblr-2937	797	31	a	a	DET
cblr-2937	797	32	"	"	PUNCT
cblr-2937	797	33	rating	rating	NOUN
cblr-2937	797	34	for	for	ADP
cblr-2937	797	35	a	a	DET
cblr-2937	797	36	corporate	corporate	ADJ
cblr-2937	797	37	bond	bond	NOUN
cblr-2937	797	38	.	.	PUNCT
cblr-2937	798	1	"	"	PUNCT
cblr-2937	798	2	1	1	NUM
cblr-2937	798	3	standard	standard	PROPN
cblr-2937	798	4	&	&	CCONJ
cblr-2937	798	5	poor	poor	PROPN
cblr-2937	798	6	's	's	PART
cblr-2937	798	7	,	,	PUNCT
cblr-2937	798	8	supra	supra	PROPN
cblr-2937	798	9	note	note	NOUN
cblr-2937	798	10	172	172	NUM
cblr-2937	798	11	,	,	PUNCT
cblr-2937	798	12	at	at	ADP
cblr-2937	798	13	10	10	NUM
cblr-2937	798	14	;	;	PUNCT
cblr-2937	798	15	see	see	VERB
cblr-2937	798	16	also	also	ADV
cblr-2937	798	17	moody	moody	PROPN
cblr-2937	798	18	's	's	PART
cblr-2937	798	19	investors	investor	NOUN
cblr-2937	798	20	service	service	NOUN
cblr-2937	798	21	,	,	PUNCT
cblr-2937	798	22	request	request	NOUN
cblr-2937	798	23	for	for	ADP
cblr-2937	798	24	comment	comment	NOUN
cblr-2937	798	25	:	:	PUNCT
cblr-2937	798	26	should	should	AUX
cblr-2937	798	27	moody	moody	PROPN
cblr-2937	798	28	's	's	PART
cblr-2937	798	29	consider	consider	VERB
cblr-2937	798	30	differentiating	differentiate	VERB
cblr-2937	798	31	structured	structured	ADJ
cblr-2937	798	32	finance	finance	NOUN
cblr-2937	798	33	and	and	CCONJ
cblr-2937	798	34	corporate	corporate	ADJ
cblr-2937	798	35	ratings	rating	NOUN
cblr-2937	798	36	?	?	PUNCT
cblr-2937	799	1	2	2	NUM
cblr-2937	799	2	(	(	PUNCT
cblr-2937	799	3	feb	feb	PROPN
cblr-2937	799	4	.	.	PROPN
cblr-2937	799	5	2008	2008	NUM
cblr-2937	799	6	)	)	PUNCT
cblr-2937	799	7	(	(	PUNCT
cblr-2937	799	8	"	"	PUNCT
cblr-2937	799	9	our	our	PRON
cblr-2937	799	10	role	role	NOUN
cblr-2937	799	11	in	in	ADP
cblr-2937	799	12	the	the	DET
cblr-2937	799	13	structured	structured	ADJ
cblr-2937	799	14	finance	finance	NOUN
cblr-2937	799	15	market	market	NOUN
cblr-2937	799	16	is	be	AUX
cblr-2937	799	17	fundamentally	fundamentally	ADV
cblr-2937	799	18	the	the	DET
cblr-2937	799	19	same	same	ADJ
cblr-2937	799	20	as	as	ADP
cblr-2937	799	21	the	the	DET
cblr-2937	799	22	role	role	NOUN
cblr-2937	799	23	moody	moody	NOUN
cblr-2937	799	24	's	's	PART
cblr-2937	799	25	has	have	AUX
cblr-2937	799	26	played	play	VERB
cblr-2937	799	27	over	over	ADP
cblr-2937	799	28	the	the	DET
cblr-2937	799	29	last	last	ADJ
cblr-2937	799	30	hundred	hundred	NUM
cblr-2937	799	31	years	year	NOUN
cblr-2937	799	32	in	in	ADP
cblr-2937	799	33	the	the	DET
cblr-2937	799	34	[	[	X
cblr-2937	799	35	vol	vol	NOUN
cblr-2937	799	36	.	.	PUNCT
cblr-2937	800	1	2009	2009	NUM
cblr-2937	800	2	no	no	NOUN
cblr-2937	800	3	.	.	PUNCT
cblr-2937	801	1	1:109	1:109	NUM
cblr-2937	801	2	]	]	X
cblr-2937	801	3	creditra	creditra	PROPN
cblr-2937	801	4	ting	ting	PROPN
cblr-2937	801	5	agencies	agency	NOUN
cblr-2937	801	6	agencies	agency	NOUN
cblr-2937	801	7	would	would	AUX
cblr-2937	801	8	be	be	AUX
cblr-2937	801	9	expected	expect	VERB
cblr-2937	801	10	to	to	PART
cblr-2937	801	11	say	say	VERB
cblr-2937	801	12	this	this	DET
cblr-2937	801	13	-	-	PUNCT
cblr-2937	801	14	mapping	mapping	NOUN
cblr-2937	801	15	the	the	DET
cblr-2937	801	16	risk	risk	NOUN
cblr-2937	801	17	of	of	ADP
cblr-2937	801	18	novel	novel	ADJ
cblr-2937	801	19	products	product	NOUN
cblr-2937	801	20	to	to	ADP
cblr-2937	801	21	the	the	DET
cblr-2937	801	22	traditional	traditional	ADJ
cblr-2937	801	23	rating	rating	NOUN
cblr-2937	801	24	scale	scale	NOUN
cblr-2937	801	25	has	have	AUX
cblr-2937	801	26	been	be	AUX
cblr-2937	801	27	crucial	crucial	ADJ
cblr-2937	801	28	to	to	ADP
cblr-2937	801	29	the	the	DET
cblr-2937	801	30	growth	growth	NOUN
cblr-2937	801	31	of	of	ADP
cblr-2937	801	32	structured	structured	ADJ
cblr-2937	801	33	product	product	NOUN
cblr-2937	801	34	markets	market	NOUN
cblr-2937	801	35	and	and	CCONJ
cblr-2937	801	36	thus	thus	ADV
cblr-2937	801	37	of	of	ADP
cblr-2937	801	38	the	the	DET
cblr-2937	801	39	rating	rating	NOUN
cblr-2937	801	40	agencies	agency	NOUN
cblr-2937	801	41	'	'	PART
cblr-2937	801	42	business	business	NOUN
cblr-2937	801	43	.	.	PUNCT
cblr-2937	802	1	ratings	rating	NOUN
cblr-2937	802	2	on	on	ADP
cblr-2937	802	3	novel	novel	ADJ
cblr-2937	802	4	financial	financial	ADJ
cblr-2937	802	5	products	product	NOUN
cblr-2937	802	6	have	have	AUX
cblr-2937	802	7	,	,	PUNCT
cblr-2937	802	8	however	however	ADV
cblr-2937	802	9	,	,	PUNCT
cblr-2937	802	10	behaved	behave	VERB
cblr-2937	802	11	differently	differently	ADV
cblr-2937	802	12	from	from	ADP
cblr-2937	802	13	corporate	corporate	ADJ
cblr-2937	802	14	bond	bond	NOUN
cblr-2937	802	15	ratings	rating	NOUN
cblr-2937	802	16	during	during	ADP
cblr-2937	802	17	the	the	DET
cblr-2937	802	18	credit	credit	NOUN
cblr-2937	802	19	crisis	crisis	NOUN
cblr-2937	802	20	,	,	PUNCT
cblr-2937	802	21	with	with	ADP
cblr-2937	802	22	multi	multi	ADJ
cblr-2937	802	23	-	-	ADJ
cblr-2937	802	24	notch	notch	ADJ
cblr-2937	802	25	downgrades	downgrade	VERB
cblr-2937	802	26	far	far	ADV
cblr-2937	802	27	more	more	ADV
cblr-2937	802	28	common	common	ADJ
cblr-2937	802	29	among	among	ADP
cblr-2937	802	30	structured	structure	VERB
cblr-2937	802	31	-	-	PUNCT
cblr-2937	802	32	finance	finance	NOUN
cblr-2937	802	33	issues	issue	NOUN
cblr-2937	802	34	.	.	PUNCT
cblr-2937	803	1	this	this	DET
cblr-2937	803	2	divergence	divergence	NOUN
cblr-2937	803	3	in	in	ADP
cblr-2937	803	4	behavior	behavior	NOUN
cblr-2937	803	5	has	have	AUX
cblr-2937	803	6	led	lead	VERB
cblr-2937	803	7	to	to	ADP
cblr-2937	803	8	questions	question	NOUN
cblr-2937	803	9	about	about	ADP
cblr-2937	803	10	the	the	DET
cblr-2937	803	11	validity	validity	NOUN
cblr-2937	803	12	of	of	ADP
cblr-2937	803	13	using	use	VERB
cblr-2937	803	14	the	the	DET
cblr-2937	803	15	same	same	ADJ
cblr-2937	803	16	rating	rating	NOUN
cblr-2937	803	17	scale	scale	NOUN
cblr-2937	803	18	for	for	ADP
cblr-2937	803	19	traditional	traditional	ADJ
cblr-2937	803	20	and	and	CCONJ
cblr-2937	803	21	structured	structured	ADJ
cblr-2937	803	22	products	product	NOUN
cblr-2937	803	23	.	.	PUNCT
cblr-2937	804	1	'82	'82	PROPN
cblr-2937	804	2	indeed	indeed	ADV
cblr-2937	804	3	,	,	PUNCT
cblr-2937	804	4	the	the	DET
cblr-2937	804	5	sec	sec	PROPN
cblr-2937	804	6	proposed	propose	VERB
cblr-2937	804	7	that	that	SCONJ
cblr-2937	804	8	agencies	agency	NOUN
cblr-2937	804	9	be	be	AUX
cblr-2937	804	10	required	require	VERB
cblr-2937	804	11	to	to	PART
cblr-2937	804	12	use	use	VERB
cblr-2937	804	13	a	a	DET
cblr-2937	804	14	special	special	ADJ
cblr-2937	804	15	modifier	modifier	NOUN
cblr-2937	804	16	to	to	PART
cblr-2937	804	17	denote	denote	VERB
cblr-2937	804	18	structured	structure	VERB
cblr-2937	804	19	-	-	PUNCT
cblr-2937	804	20	finance	finance	NOUN
cblr-2937	804	21	ratings	rating	NOUN
cblr-2937	804	22	.	.	PUNCT
cblr-2937	805	1	"8	"8	NOUN
cblr-2937	805	2	3	3	NUM
cblr-2937	805	3	the	the	DET
cblr-2937	805	4	agencies	agency	NOUN
cblr-2937	805	5	predictably	predictably	ADV
cblr-2937	805	6	opposed	oppose	VERB
cblr-2937	805	7	that	that	DET
cblr-2937	805	8	proposal	proposal	NOUN
cblr-2937	805	9	,	,	PUNCT
cblr-2937	805	10	'	'	PUNCT
cblr-2937	805	11	and	and	CCONJ
cblr-2937	805	12	it	it	PRON
cblr-2937	805	13	has	have	AUX
cblr-2937	805	14	not	not	PART
cblr-2937	805	15	been	be	AUX
cblr-2937	805	16	adopted	adopt	VERB
cblr-2937	805	17	to	to	ADP
cblr-2937	805	18	date	date	NOUN
cblr-2937	805	19	.	.	PUNCT
cblr-2937	806	1	"5	"5	VERB
cblr-2937	806	2	corporate	corporate	ADJ
cblr-2937	806	3	bond	bond	NOUN
cblr-2937	806	4	markets	market	NOUN
cblr-2937	806	5	.	.	PUNCT
cblr-2937	807	1	moody	moody	PROPN
cblr-2937	807	2	's	's	PART
cblr-2937	807	3	rating	rating	NOUN
cblr-2937	807	4	processes	process	NOUN
cblr-2937	807	5	are	be	AUX
cblr-2937	807	6	very	very	ADV
cblr-2937	807	7	similar	similar	ADJ
cblr-2937	807	8	in	in	ADP
cblr-2937	807	9	the	the	DET
cblr-2937	807	10	two	two	NUM
cblr-2937	807	11	sectors	sector	NOUN
cblr-2937	807	12	and	and	CCONJ
cblr-2937	807	13	,	,	PUNCT
cblr-2937	807	14	across	across	ADP
cblr-2937	807	15	a	a	DET
cblr-2937	807	16	range	range	NOUN
cblr-2937	807	17	of	of	ADP
cblr-2937	807	18	aggregate	aggregate	ADJ
cblr-2937	807	19	measures	measure	NOUN
cblr-2937	807	20	,	,	PUNCT
cblr-2937	807	21	our	our	PRON
cblr-2937	807	22	ratings	rating	NOUN
cblr-2937	807	23	performance	performance	NOUN
cblr-2937	807	24	reveals	reveal	VERB
cblr-2937	807	25	a	a	DET
cblr-2937	807	26	high	high	ADJ
cblr-2937	807	27	degree	degree	NOUN
cblr-2937	807	28	of	of	ADP
cblr-2937	807	29	consistency	consistency	NOUN
cblr-2937	807	30	between	between	ADP
cblr-2937	807	31	structured	structured	ADJ
cblr-2937	807	32	finance	finance	NOUN
cblr-2937	807	33	and	and	CCONJ
cblr-2937	807	34	corporate	corporate	ADJ
cblr-2937	807	35	ratings	rating	NOUN
cblr-2937	807	36	.	.	PUNCT
cblr-2937	807	37	"	"	PUNCT
cblr-2937	807	38	)	)	PUNCT
cblr-2937	807	39	.	.	PUNCT
cblr-2937	808	1	l82	l82	PROPN
cblr-2937	808	2	see	see	VERB
cblr-2937	808	3	lucchetti	lucchetti	PROPN
cblr-2937	808	4	&	&	CCONJ
cblr-2937	808	5	scannell	scannell	PROPN
cblr-2937	808	6	,	,	PUNCT
cblr-2937	808	7	supra	supra	PROPN
cblr-2937	808	8	note	note	NOUN
cblr-2937	808	9	47	47	NUM
cblr-2937	808	10	(	(	PUNCT
cblr-2937	808	11	reporting	report	VERB
cblr-2937	808	12	criticisms	criticism	NOUN
cblr-2937	808	13	of	of	ADP
cblr-2937	808	14	cpdo	cpdo	ADJ
cblr-2937	808	15	ratings	rating	NOUN
cblr-2937	808	16	on	on	ADP
cblr-2937	808	17	the	the	DET
cblr-2937	808	18	ground	ground	NOUN
cblr-2937	808	19	that	that	SCONJ
cblr-2937	808	20	cpdo	cpdo	PROPN
cblr-2937	808	21	values	value	NOUN
cblr-2937	808	22	depend	depend	VERB
cblr-2937	808	23	heavily	heavily	ADV
cblr-2937	808	24	on	on	ADP
cblr-2937	808	25	market	market	NOUN
cblr-2937	808	26	perceptions	perception	NOUN
cblr-2937	808	27	of	of	ADP
cblr-2937	808	28	risk	risk	NOUN
cblr-2937	808	29	,	,	PUNCT
cblr-2937	808	30	as	as	SCONJ
cblr-2937	808	31	opposed	oppose	VERB
cblr-2937	808	32	to	to	ADP
cblr-2937	808	33	fundamental	fundamental	ADJ
cblr-2937	808	34	creditworthiness	creditworthiness	NOUN
cblr-2937	808	35	)	)	PUNCT
cblr-2937	808	36	.	.	PUNCT
cblr-2937	809	1	one	one	NUM
cblr-2937	809	2	agency	agency	NOUN
cblr-2937	809	3	explains	explain	VERB
cblr-2937	809	4	the	the	DET
cblr-2937	809	5	difference	difference	NOUN
cblr-2937	809	6	in	in	ADP
cblr-2937	809	7	performance	performance	NOUN
cblr-2937	809	8	by	by	ADP
cblr-2937	809	9	stating	state	VERB
cblr-2937	809	10	that	that	SCONJ
cblr-2937	809	11	while	while	SCONJ
cblr-2937	809	12	corporate	corporate	ADJ
cblr-2937	809	13	managers	manager	NOUN
cblr-2937	809	14	can	can	AUX
cblr-2937	809	15	respond	respond	VERB
cblr-2937	809	16	flexibly	flexibly	ADV
cblr-2937	809	17	to	to	ADP
cblr-2937	809	18	adverse	adverse	ADJ
cblr-2937	809	19	events	event	NOUN
cblr-2937	809	20	,	,	PUNCT
cblr-2937	809	21	structured	structured	ADJ
cblr-2937	809	22	products	product	NOUN
cblr-2937	809	23	typically	typically	ADV
cblr-2937	809	24	are	be	AUX
cblr-2937	809	25	based	base	VERB
cblr-2937	809	26	on	on	ADP
cblr-2937	809	27	fixed	fix	VERB
cblr-2937	809	28	pools	pool	NOUN
cblr-2937	809	29	of	of	ADP
cblr-2937	809	30	assets	asset	NOUN
cblr-2937	809	31	,	,	PUNCT
cblr-2937	809	32	have	have	VERB
cblr-2937	809	33	less	less	ADJ
cblr-2937	809	34	flexibility	flexibility	NOUN
cblr-2937	809	35	,	,	PUNCT
cblr-2937	809	36	and	and	CCONJ
cblr-2937	809	37	thus	thus	ADV
cblr-2937	809	38	are	be	AUX
cblr-2937	809	39	more	more	ADV
cblr-2937	809	40	subject	subject	ADJ
cblr-2937	809	41	to	to	ADP
cblr-2937	809	42	large	large	ADJ
cblr-2937	809	43	swings	swing	NOUN
cblr-2937	809	44	in	in	ADP
cblr-2937	809	45	creditworthiness	creditworthiness	PROPN
cblr-2937	809	46	.	.	PUNCT
cblr-2937	810	1	fitch	fitch	PROPN
cblr-2937	810	2	ratings	rating	NOUN
cblr-2937	810	3	,	,	PUNCT
cblr-2937	810	4	supra	supra	PROPN
cblr-2937	810	5	note	note	PROPN
cblr-2937	810	6	164	164	NUM
cblr-2937	810	7	,	,	PUNCT
cblr-2937	810	8	at	at	ADP
cblr-2937	810	9	8	8	NUM
cblr-2937	810	10	.	.	NOUN
cblr-2937	810	11	183	183	NUM
cblr-2937	810	12	sec	sec	PROPN
cblr-2937	810	13	june	june	PROPN
cblr-2937	810	14	16	16	NUM
cblr-2937	810	15	proposal	proposal	NOUN
cblr-2937	810	16	,	,	PUNCT
cblr-2937	810	17	supra	supra	PROPN
cblr-2937	810	18	note	note	PROPN
cblr-2937	810	19	56	56	NUM
cblr-2937	810	20	,	,	PUNCT
cblr-2937	810	21	at	at	ADP
cblr-2937	810	22	36,235	36,235	NUM
cblr-2937	810	23	-	-	SYM
cblr-2937	810	24	36	36	NUM
cblr-2937	810	25	(	(	PUNCT
cblr-2937	810	26	proposing	propose	VERB
cblr-2937	810	27	use	use	NOUN
cblr-2937	810	28	of	of	ADP
cblr-2937	810	29	separate	separate	ADJ
cblr-2937	810	30	symbol	symbol	NOUN
cblr-2937	810	31	for	for	ADP
cblr-2937	810	32	structured	structure	VERB
cblr-2937	810	33	-	-	PUNCT
cblr-2937	810	34	finance	finance	NOUN
cblr-2937	810	35	ratings	rating	NOUN
cblr-2937	810	36	,	,	PUNCT
cblr-2937	810	37	or	or	CCONJ
cblr-2937	810	38	,	,	PUNCT
cblr-2937	810	39	in	in	ADP
cblr-2937	810	40	the	the	DET
cblr-2937	810	41	alternative	alternative	NOUN
cblr-2937	810	42	,	,	PUNCT
cblr-2937	810	43	distribution	distribution	NOUN
cblr-2937	810	44	of	of	ADP
cblr-2937	810	45	a	a	DET
cblr-2937	810	46	report	report	NOUN
cblr-2937	810	47	with	with	ADP
cblr-2937	810	48	every	every	DET
cblr-2937	810	49	structured	structured	ADJ
cblr-2937	810	50	-	-	PUNCT
cblr-2937	810	51	finance	finance	NOUN
cblr-2937	810	52	rating	rating	NOUN
cblr-2937	810	53	describing	describe	VERB
cblr-2937	810	54	the	the	DET
cblr-2937	810	55	methodological	methodological	ADJ
cblr-2937	810	56	difference	difference	NOUN
cblr-2937	810	57	between	between	ADP
cblr-2937	810	58	structured	structure	VERB
cblr-2937	810	59	-	-	PUNCT
cblr-2937	810	60	finance	finance	NOUN
cblr-2937	810	61	and	and	CCONJ
cblr-2937	810	62	other	other	ADJ
cblr-2937	810	63	instruments	instrument	NOUN
cblr-2937	810	64	)	)	PUNCT
cblr-2937	810	65	.	.	PUNCT
cblr-2937	810	66	"	"	PUNCT
cblr-2937	811	1	see	see	VERB
cblr-2937	811	2	comments	comment	NOUN
cblr-2937	811	3	of	of	ADP
cblr-2937	811	4	standard	standard	PROPN
cblr-2937	811	5	&	&	CCONJ
cblr-2937	811	6	poor	poor	PROPN
cblr-2937	811	7	's	's	PART
cblr-2937	811	8	on	on	ADP
cblr-2937	811	9	sec	sec	PROPN
cblr-2937	811	10	release	release	NOUN
cblr-2937	811	11	no	no	NOUN
cblr-2937	811	12	.	.	NOUN
cblr-2937	811	13	34	34	NUM
cblr-2937	811	14	-	-	SYM
cblr-2937	811	15	57967	57967	NUM
cblr-2937	811	16	at	at	ADP
cblr-2937	811	17	29	29	NUM
cblr-2937	811	18	-	-	SYM
cblr-2937	811	19	30	30	NUM
cblr-2937	811	20	(	(	PUNCT
cblr-2937	811	21	july	july	PROPN
cblr-2937	811	22	24	24	NUM
cblr-2937	811	23	,	,	PUNCT
cblr-2937	811	24	2008	2008	NUM
cblr-2937	811	25	)	)	PUNCT
cblr-2937	811	26	(	(	PUNCT
cblr-2937	811	27	opposing	oppose	VERB
cblr-2937	811	28	special	special	ADJ
cblr-2937	811	29	-	-	PUNCT
cblr-2937	811	30	symbol	symbol	NOUN
cblr-2937	811	31	requirement	requirement	NOUN
cblr-2937	811	32	on	on	ADP
cblr-2937	811	33	legal	legal	ADJ
cblr-2937	811	34	and	and	CCONJ
cblr-2937	811	35	cost	cost	NOUN
cblr-2937	811	36	-	-	PUNCT
cblr-2937	811	37	benefit	benefit	NOUN
cblr-2937	811	38	grounds	ground	NOUN
cblr-2937	811	39	)	)	PUNCT
cblr-2937	811	40	;	;	PUNCT
cblr-2937	811	41	comments	comment	NOUN
cblr-2937	811	42	of	of	ADP
cblr-2937	811	43	fitch	fitch	NOUN
cblr-2937	811	44	ratings	rating	NOUN
cblr-2937	811	45	on	on	ADP
cblr-2937	811	46	sec	sec	PROPN
cblr-2937	811	47	release	release	NOUN
cblr-2937	811	48	no	no	DET
cblr-2937	811	49	.	.	NOUN
cblr-2937	811	50	3457967	3457967	NUM
cblr-2937	811	51	at	at	ADP
cblr-2937	811	52	10	10	NUM
cblr-2937	811	53	(	(	PUNCT
cblr-2937	811	54	july	july	PROPN
cblr-2937	811	55	25	25	NUM
cblr-2937	811	56	,	,	PUNCT
cblr-2937	811	57	2008	2008	NUM
cblr-2937	811	58	)	)	PUNCT
cblr-2937	811	59	(	(	PUNCT
cblr-2937	811	60	"	"	PUNCT
cblr-2937	811	61	[	[	X
cblr-2937	811	62	we	we	PRON
cblr-2937	811	63	do	do	AUX
cblr-2937	811	64	not	not	PART
cblr-2937	811	65	believe	believe	VERB
cblr-2937	811	66	that	that	SCONJ
cblr-2937	811	67	a	a	DET
cblr-2937	811	68	different	different	ADJ
cblr-2937	811	69	symbol	symbol	NOUN
cblr-2937	811	70	for	for	ADP
cblr-2937	811	71	structured	structured	ADJ
cblr-2937	811	72	finance	finance	NOUN
cblr-2937	811	73	ratings	rating	NOUN
cblr-2937	811	74	makes	make	VERB
cblr-2937	811	75	sense	sense	NOUN
cblr-2937	811	76	.	.	PUNCT
cblr-2937	812	1	"	"	PUNCT
cblr-2937	812	2	)	)	PUNCT
cblr-2937	812	3	;	;	PUNCT
cblr-2937	812	4	comments	comment	NOUN
cblr-2937	812	5	of	of	ADP
cblr-2937	812	6	realpoint	realpoint	NOUN
cblr-2937	812	7	llc	llc	PROPN
cblr-2937	812	8	on	on	ADP
cblr-2937	812	9	sec	sec	PROPN
cblr-2937	812	10	release	release	NOUN
cblr-2937	812	11	no	no	NOUN
cblr-2937	812	12	.	.	NOUN
cblr-2937	812	13	34	34	NUM
cblr-2937	812	14	-	-	SYM
cblr-2937	812	15	57967	57967	NUM
cblr-2937	812	16	at	at	ADP
cblr-2937	812	17	1	1	NUM
cblr-2937	812	18	(	(	PUNCT
cblr-2937	812	19	july	july	PROPN
cblr-2937	812	20	14	14	NUM
cblr-2937	812	21	,	,	PUNCT
cblr-2937	812	22	2008	2008	NUM
cblr-2937	812	23	)	)	PUNCT
cblr-2937	812	24	(	(	PUNCT
cblr-2937	812	25	special	special	ADJ
cblr-2937	812	26	reports	report	NOUN
cblr-2937	812	27	or	or	CCONJ
cblr-2937	812	28	symbols	symbol	NOUN
cblr-2937	812	29	will	will	AUX
cblr-2937	812	30	not	not	PART
cblr-2937	812	31	benefit	benefit	VERB
cblr-2937	812	32	investors	investor	NOUN
cblr-2937	812	33	and	and	CCONJ
cblr-2937	812	34	will	will	AUX
cblr-2937	812	35	dissuade	dissuade	VERB
cblr-2937	812	36	investors	investor	NOUN
cblr-2937	812	37	from	from	ADP
cblr-2937	812	38	investing	invest	VERB
cblr-2937	812	39	in	in	ADP
cblr-2937	812	40	structured	structured	ADJ
cblr-2937	812	41	products	product	NOUN
cblr-2937	812	42	)	)	PUNCT
cblr-2937	812	43	.	.	PUNCT
cblr-2937	813	1	18	18	NUM
cblr-2937	813	2	'	'	PART
cblr-2937	813	3	see	see	PROPN
cblr-2937	813	4	scannell	scannell	PROPN
cblr-2937	813	5	&	&	CCONJ
cblr-2937	813	6	lucchetti	lucchetti	PROPN
cblr-2937	813	7	,	,	PUNCT
cblr-2937	813	8	supra	supra	PROPN
cblr-2937	813	9	note	note	NOUN
cblr-2937	813	10	879	879	NUM
cblr-2937	813	11	.	.	PUNCT
cblr-2937	814	1	no	no	INTJ
cblr-2937	814	2	.	.	PUNCT
cblr-2937	815	1	1:109	1:109	NUM
cblr-2937	815	2	]	]	PUNCT
cblr-2937	815	3	credit	credit	NOUN
cblr-2937	815	4	ra	ra	PROPN
cblr-2937	815	5	ting	ting	PROPN
cblr-2937	815	6	agencies	agencies	PROPN
cblr-2937	815	7	columbia	columbia	PROPN
cblr-2937	815	8	business	business	PROPN
cblr-2937	815	9	law	law	PROPN
cblr-2937	815	10	review	review	VERB
cblr-2937	815	11	4	4	NUM
cblr-2937	815	12	.	.	PUNCT
cblr-2937	816	1	"	"	PUNCT
cblr-2937	816	2	opinions	opinion	NOUN
cblr-2937	816	3	,	,	PUNCT
cblr-2937	816	4	"	"	PUNCT
cblr-2937	816	5	but	but	CCONJ
cblr-2937	816	6	not	not	PART
cblr-2937	816	7	untestable	untestable	ADJ
cblr-2937	816	8	assertions	assertion	NOUN
cblr-2937	816	9	although	although	SCONJ
cblr-2937	816	10	the	the	DET
cblr-2937	816	11	rating	rating	NOUN
cblr-2937	816	12	agencies	agency	NOUN
cblr-2937	816	13	assert	assert	VERB
cblr-2937	816	14	that	that	SCONJ
cblr-2937	816	15	their	their	PRON
cblr-2937	816	16	views	view	NOUN
cblr-2937	816	17	are	be	AUX
cblr-2937	816	18	"	"	PUNCT
cblr-2937	816	19	opinions	opinion	NOUN
cblr-2937	816	20	,	,	PUNCT
cblr-2937	816	21	"	"	PUNCT
cblr-2937	816	22	they	they	PRON
cblr-2937	816	23	acknowledge	acknowledge	VERB
cblr-2937	816	24	-	-	PUNCT
cblr-2937	816	25	as	as	SCONJ
cblr-2937	816	26	they	they	PRON
cblr-2937	816	27	must	must	AUX
cblr-2937	816	28	-	-	PUNCT
cblr-2937	816	29	that	that	SCONJ
cblr-2937	816	30	the	the	DET
cblr-2937	816	31	opinions	opinion	NOUN
cblr-2937	816	32	they	they	PRON
cblr-2937	816	33	offer	offer	VERB
cblr-2937	816	34	are	be	AUX
cblr-2937	816	35	not	not	PART
cblr-2937	816	36	mere	mere	ADJ
cblr-2937	816	37	unprovable	unprovable	ADJ
cblr-2937	816	38	assertions	assertion	NOUN
cblr-2937	816	39	like	like	ADP
cblr-2937	816	40	"	"	PUNCT
cblr-2937	816	41	dogs	dog	NOUN
cblr-2937	816	42	are	be	AUX
cblr-2937	816	43	better	well	ADJ
cblr-2937	816	44	than	than	ADP
cblr-2937	816	45	cats	cat	NOUN
cblr-2937	816	46	.	.	PUNCT
cblr-2937	816	47	"	"	PUNCT
cblr-2937	817	1	instead	instead	ADV
cblr-2937	817	2	,	,	PUNCT
cblr-2937	817	3	agencies	agency	NOUN
cblr-2937	817	4	describe	describe	VERB
cblr-2937	817	5	their	their	PRON
cblr-2937	817	6	ratings	rating	NOUN
cblr-2937	817	7	as	as	ADP
cblr-2937	817	8	opinions	opinion	NOUN
cblr-2937	817	9	about	about	ADP
cblr-2937	817	10	"	"	PUNCT
cblr-2937	817	11	the	the	DET
cblr-2937	817	12	likelihood	likelihood	NOUN
cblr-2937	817	13	of	of	ADP
cblr-2937	817	14	future	future	ADJ
cblr-2937	817	15	events	event	NOUN
cblr-2937	817	16	"	"	PUNCT
cblr-2937	817	17	and	and	CCONJ
cblr-2937	817	18	as	as	ADP
cblr-2937	817	19	"	"	PUNCT
cblr-2937	817	20	[	[	PUNCT
cblr-2937	817	21	florward	florward	ADV
cblr-2937	817	22	-	-	PUNCT
cblr-2937	817	23	looking	look	VERB
cblr-2937	817	24	predictions	prediction	NOUN
cblr-2937	817	25	.	.	PUNCT
cblr-2937	817	26	'	'	PUNCT
cblr-2937	818	1	"	"	PUNCT
cblr-2937	818	2	186	186	NUM
cblr-2937	818	3	they	they	PRON
cblr-2937	818	4	assert	assert	VERB
cblr-2937	818	5	that	that	SCONJ
cblr-2937	818	6	"	"	PUNCT
cblr-2937	818	7	history	history	NOUN
cblr-2937	818	8	has	have	AUX
cblr-2937	818	9	shown	show	VERB
cblr-2937	818	10	our	our	PRON
cblr-2937	818	11	opinions	opinion	NOUN
cblr-2937	818	12	to	to	PART
cblr-2937	818	13	be	be	AUX
cblr-2937	818	14	very	very	ADV
cblr-2937	818	15	good	good	ADJ
cblr-2937	818	16	predictors	predictor	NOUN
cblr-2937	818	17	of	of	ADP
cblr-2937	818	18	default	default	NOUN
cblr-2937	818	19	risk	risk	NOUN
cblr-2937	818	20	.	.	PUNCT
cblr-2937	819	1	"'187	"'187	PROPN
cblr-2937	820	1	5	5	NUM
cblr-2937	820	2	.	.	PUNCT
cblr-2937	821	1	a	a	DET
cblr-2937	821	2	basis	basis	NOUN
cblr-2937	821	3	for	for	ADP
cblr-2937	821	4	measuring	measure	VERB
cblr-2937	821	5	rating	rating	NOUN
cblr-2937	821	6	quality	quality	NOUN
cblr-2937	821	7	thus	thus	ADV
cblr-2937	821	8	,	,	PUNCT
cblr-2937	821	9	although	although	SCONJ
cblr-2937	821	10	rating	rating	NOUN
cblr-2937	821	11	agencies	agency	NOUN
cblr-2937	821	12	understandably	understandably	ADV
cblr-2937	821	13	try	try	VERB
cblr-2937	821	14	to	to	PART
cblr-2937	821	15	minimize	minimize	VERB
cblr-2937	821	16	the	the	DET
cblr-2937	821	17	types	type	NOUN
cblr-2937	821	18	of	of	ADP
cblr-2937	821	19	claims	claim	NOUN
cblr-2937	821	20	about	about	ADP
cblr-2937	821	21	their	their	PRON
cblr-2937	821	22	ratings	rating	NOUN
cblr-2937	821	23	for	for	ADP
cblr-2937	821	24	which	which	PRON
cblr-2937	821	25	they	they	PRON
cblr-2937	821	26	may	may	AUX
cblr-2937	821	27	be	be	AUX
cblr-2937	821	28	held	hold	VERB
cblr-2937	821	29	responsible"'8	responsible"'8	PRON
cblr-2937	821	30	-for	-for	PUNCT
cblr-2937	821	31	example	example	NOUN
cblr-2937	821	32	by	by	ADP
cblr-2937	821	33	asserting	assert	VERB
cblr-2937	821	34	that	that	SCONJ
cblr-2937	821	35	their	their	PRON
cblr-2937	821	36	ratings	rating	NOUN
cblr-2937	821	37	are	be	AUX
cblr-2937	821	38	not	not	PART
cblr-2937	821	39	recommendations	recommendation	NOUN
cblr-2937	821	40	to	to	PART
cblr-2937	821	41	purchase	purchase	VERB
cblr-2937	821	42	or	or	CCONJ
cblr-2937	821	43	sell	sell	VERB
cblr-2937	821	44	securities	security	NOUN
cblr-2937	821	45	89	89	NUM
cblr-2937	821	46	-	-	PUNCT
cblr-2937	821	47	they	they	PRON
cblr-2937	821	48	do	do	AUX
cblr-2937	821	49	make	make	VERB
cblr-2937	821	50	concrete	concrete	ADJ
cblr-2937	821	51	assertions	assertion	NOUN
cblr-2937	821	52	about	about	ADP
cblr-2937	821	53	what	what	PRON
cblr-2937	821	54	ratings	rating	NOUN
cblr-2937	821	55	are	be	AUX
cblr-2937	821	56	supposed	suppose	VERB
cblr-2937	821	57	to	to	PART
cblr-2937	821	58	do	do	VERB
cblr-2937	821	59	:	:	PUNCT
cblr-2937	821	60	ratings	rating	NOUN
cblr-2937	821	61	provide	provide	VERB
cblr-2937	821	62	an	an	DET
cblr-2937	821	63	ordinal	ordinal	ADJ
cblr-2937	821	64	rating	rating	NOUN
cblr-2937	821	65	of	of	ADP
cblr-2937	821	66	some	some	DET
cblr-2937	821	67	mixture	mixture	NOUN
cblr-2937	821	68	of	of	ADP
cblr-2937	821	69	probability	probability	NOUN
cblr-2937	821	70	of	of	ADP
cblr-2937	821	71	default	default	NOUN
cblr-2937	821	72	and	and	CCONJ
cblr-2937	821	73	loss	loss	NOUN
cblr-2937	821	74	given	give	VERB
cblr-2937	821	75	default	default	NOUN
cblr-2937	821	76	that	that	PRON
cblr-2937	821	77	should	should	AUX
cblr-2937	821	78	be	be	AUX
cblr-2937	821	79	broadly	broadly	ADV
cblr-2937	821	80	comparable	comparable	ADJ
cblr-2937	821	81	across	across	ADP
cblr-2937	821	82	asset	asset	NOUN
cblr-2937	821	83	classes	class	NOUN
cblr-2937	821	84	.	.	PUNCT
cblr-2937	822	1	that	that	DET
cblr-2937	822	2	explanation	explanation	NOUN
cblr-2937	822	3	-	-	PUNCT
cblr-2937	822	4	which	which	PRON
cblr-2937	822	5	seems	seem	VERB
cblr-2937	822	6	to	to	PART
cblr-2937	822	7	be	be	AUX
cblr-2937	822	8	the	the	DET
cblr-2937	822	9	minimum	minimum	ADJ
cblr-2937	822	10	one	one	PRON
cblr-2937	822	11	could	could	AUX
cblr-2937	822	12	ask	ask	VERB
cblr-2937	822	13	for	for	ADP
cblr-2937	822	14	from	from	ADP
cblr-2937	822	15	credit	credit	NOUN
cblr-2937	822	16	ratings	rating	NOUN
cblr-2937	822	17	-	-	PUNCT
cblr-2937	822	18	provides	provide	VERB
cblr-2937	822	19	a	a	DET
cblr-2937	822	20	potential	potential	ADJ
cblr-2937	822	21	basis	basis	NOUN
cblr-2937	822	22	186	186	NUM
cblr-2937	822	23	standard	standard	NOUN
cblr-2937	822	24	&	&	CCONJ
cblr-2937	822	25	poor	poor	PROPN
cblr-2937	822	26	's	's	PART
cblr-2937	822	27	,	,	PUNCT
cblr-2937	822	28	supra	supra	PROPN
cblr-2937	822	29	note	note	PROPN
cblr-2937	822	30	172	172	NUM
cblr-2937	822	31	,	,	PUNCT
cblr-2937	822	32	at	at	ADP
cblr-2937	822	33	9	9	NUM
cblr-2937	822	34	.	.	NUM
cblr-2937	822	35	187	187	NUM
cblr-2937	823	1	i	i	PRON
cblr-2937	823	2	d.	d.	PROPN
cblr-2937	823	3	at	at	ADP
cblr-2937	823	4	10	10	NUM
cblr-2937	823	5	.	.	PUNCT
cblr-2937	824	1	188	188	NUM
cblr-2937	824	2	see	see	NOUN
cblr-2937	824	3	,	,	PUNCT
cblr-2937	824	4	e.g.	e.g.	ADV
cblr-2937	824	5	,	,	PUNCT
cblr-2937	824	6	i	i	PRON
cblr-2937	824	7	d.	d.	PROPN
cblr-2937	824	8	at	at	ADP
cblr-2937	824	9	8	8	NUM
cblr-2937	824	10	(	(	PUNCT
cblr-2937	824	11	"	"	PUNCT
cblr-2937	824	12	let	let	VERB
cblr-2937	824	13	's	us	PRON
cblr-2937	824	14	not	not	PART
cblr-2937	824	15	forget	forget	VERB
cblr-2937	824	16	that	that	SCONJ
cblr-2937	824	17	ratings	rating	NOUN
cblr-2937	824	18	are	be	AUX
cblr-2937	824	19	not	not	PART
cblr-2937	824	20	guarantees	guarantee	NOUN
cblr-2937	824	21	.	.	PUNCT
cblr-2937	825	1	the	the	DET
cblr-2937	825	2	rating	rating	NOUN
cblr-2937	825	3	agencies	agency	NOUN
cblr-2937	825	4	possess	possess	VERB
cblr-2937	825	5	no	no	DET
cblr-2937	825	6	crystal	crystal	NOUN
cblr-2937	825	7	ball	ball	NOUN
cblr-2937	825	8	and	and	CCONJ
cblr-2937	825	9	no	no	DET
cblr-2937	825	10	time	time	NOUN
cblr-2937	825	11	machine	machine	NOUN
cblr-2937	825	12	.	.	PUNCT
cblr-2937	825	13	"	"	PUNCT
cblr-2937	825	14	)	)	PUNCT
cblr-2937	825	15	.	.	PUNCT
cblr-2937	826	1	189	189	NUM
cblr-2937	826	2	fitch	fitch	NOUN
cblr-2937	826	3	ratings	rating	NOUN
cblr-2937	826	4	,	,	PUNCT
cblr-2937	826	5	supra	supra	PROPN
cblr-2937	826	6	note	note	PROPN
cblr-2937	826	7	164	164	NUM
cblr-2937	826	8	,	,	PUNCT
cblr-2937	826	9	at	at	ADP
cblr-2937	826	10	10	10	NUM
cblr-2937	826	11	(	(	PUNCT
cblr-2937	826	12	"	"	PUNCT
cblr-2937	826	13	[	[	NOUN
cblr-2937	826	14	rlatings	rlating	NOUN
cblr-2937	826	15	are	be	AUX
cblr-2937	826	16	not	not	PART
cblr-2937	826	17	a	a	DET
cblr-2937	826	18	recommendation	recommendation	NOUN
cblr-2937	826	19	or	or	CCONJ
cblr-2937	826	20	suggestion	suggestion	NOUN
cblr-2937	826	21	,	,	PUNCT
cblr-2937	826	22	directly	directly	ADV
cblr-2937	826	23	or	or	CCONJ
cblr-2937	826	24	indirectly	indirectly	ADV
cblr-2937	826	25	,	,	PUNCT
cblr-2937	826	26	to	to	PART
cblr-2937	826	27	buy	buy	VERB
cblr-2937	826	28	,	,	PUNCT
cblr-2937	826	29	sell	sell	VERB
cblr-2937	826	30	,	,	PUNCT
cblr-2937	826	31	make	make	VERB
cblr-2937	826	32	,	,	PUNCT
cblr-2937	826	33	or	or	CCONJ
cblr-2937	826	34	hold	hold	VERB
cblr-2937	826	35	"	"	PUNCT
cblr-2937	826	36	the	the	DET
cblr-2937	826	37	rated	rate	VERB
cblr-2937	826	38	securities	security	NOUN
cblr-2937	826	39	.	.	PUNCT
cblr-2937	826	40	)	)	PUNCT
cblr-2937	826	41	.	.	PUNCT
cblr-2937	827	1	the	the	DET
cblr-2937	827	2	agencies	agency	NOUN
cblr-2937	827	3	'	'	PART
cblr-2937	827	4	potentially	potentially	ADV
cblr-2937	827	5	litigation	litigation	NOUN
cblr-2937	827	6	-	-	PUNCT
cblr-2937	827	7	driven	drive	VERB
cblr-2937	827	8	assertions	assertion	NOUN
cblr-2937	827	9	about	about	ADP
cblr-2937	827	10	the	the	DET
cblr-2937	827	11	limitations	limitation	NOUN
cblr-2937	827	12	on	on	ADP
cblr-2937	827	13	what	what	PRON
cblr-2937	827	14	their	their	PRON
cblr-2937	827	15	ratings	rating	NOUN
cblr-2937	827	16	are	be	AUX
cblr-2937	827	17	intended	intend	VERB
cblr-2937	827	18	to	to	PART
cblr-2937	827	19	accomplish	accomplish	VERB
cblr-2937	827	20	might	might	AUX
cblr-2937	827	21	be	be	AUX
cblr-2937	827	22	disregarded	disregard	VERB
cblr-2937	827	23	by	by	ADP
cblr-2937	827	24	a	a	DET
cblr-2937	827	25	court	court	NOUN
cblr-2937	827	26	or	or	CCONJ
cblr-2937	827	27	regulator	regulator	NOUN
cblr-2937	827	28	.	.	PUNCT
cblr-2937	828	1	for	for	ADP
cblr-2937	828	2	example	example	NOUN
cblr-2937	828	3	,	,	PUNCT
cblr-2937	828	4	in	in	ADP
cblr-2937	828	5	the	the	DET
cblr-2937	828	6	context	context	NOUN
cblr-2937	828	7	of	of	ADP
cblr-2937	828	8	defective	defective	ADJ
cblr-2937	828	9	-	-	PUNCT
cblr-2937	828	10	product	product	NOUN
cblr-2937	828	11	liability	liability	NOUN
cblr-2937	828	12	,	,	PUNCT
cblr-2937	828	13	a	a	DET
cblr-2937	828	14	manufacturer	manufacturer	NOUN
cblr-2937	828	15	is	be	AUX
cblr-2937	828	16	responsible	responsible	ADJ
cblr-2937	828	17	for	for	ADP
cblr-2937	828	18	known	known	ADJ
cblr-2937	828	19	uses	use	NOUN
cblr-2937	828	20	of	of	ADP
cblr-2937	828	21	the	the	DET
cblr-2937	828	22	product	product	NOUN
cblr-2937	828	23	,	,	PUNCT
cblr-2937	828	24	not	not	PART
cblr-2937	828	25	just	just	ADV
cblr-2937	828	26	authorized	authorize	VERB
cblr-2937	828	27	uses	use	NOUN
cblr-2937	828	28	.	.	PUNCT
cblr-2937	829	1	see	see	VERB
cblr-2937	829	2	supra	supra	PROPN
cblr-2937	829	3	note	note	PROPN
cblr-2937	829	4	163	163	NUM
cblr-2937	829	5	.	.	PUNCT
cblr-2937	830	1	given	give	VERB
cblr-2937	830	2	the	the	DET
cblr-2937	830	3	agencies	agency	NOUN
cblr-2937	830	4	'	'	PART
cblr-2937	830	5	knowledge	knowledge	NOUN
cblr-2937	830	6	that	that	SCONJ
cblr-2937	830	7	investors	investor	NOUN
cblr-2937	830	8	use	use	VERB
cblr-2937	830	9	ratings	rating	NOUN
cblr-2937	830	10	to	to	PART
cblr-2937	830	11	sort	sort	VERB
cblr-2937	830	12	between	between	ADP
cblr-2937	830	13	"	"	PUNCT
cblr-2937	830	14	good	good	ADJ
cblr-2937	830	15	"	"	PUNCT
cblr-2937	830	16	and	and	CCONJ
cblr-2937	830	17	"	"	PUNCT
cblr-2937	830	18	bad	bad	ADJ
cblr-2937	830	19	"	"	PUNCT
cblr-2937	830	20	investments	investment	NOUN
cblr-2937	830	21	and	and	CCONJ
cblr-2937	830	22	as	as	ADP
cblr-2937	830	23	cardinal	cardinal	ADJ
cblr-2937	830	24	measures	measure	NOUN
cblr-2937	830	25	of	of	ADP
cblr-2937	830	26	default	default	NOUN
cblr-2937	830	27	likelihood	likelihood	NOUN
cblr-2937	830	28	,	,	PUNCT
cblr-2937	830	29	see	see	VERB
cblr-2937	830	30	structured	structured	ADJ
cblr-2937	830	31	finance	finance	NOUN
cblr-2937	830	32	rating	rating	NOUN
cblr-2937	830	33	performance	performance	NOUN
cblr-2937	830	34	2007	2007	NUM
cblr-2937	830	35	,	,	PUNCT
cblr-2937	830	36	supra	supra	PROPN
cblr-2937	830	37	note	note	NOUN
cblr-2937	830	38	106	106	NUM
cblr-2937	830	39	,	,	PUNCT
cblr-2937	830	40	at	at	ADP
cblr-2937	830	41	4	4	NUM
cblr-2937	830	42	,	,	PUNCT
cblr-2937	830	43	it	it	PRON
cblr-2937	830	44	may	may	AUX
cblr-2937	830	45	make	make	VERB
cblr-2937	830	46	sense	sense	NOUN
cblr-2937	830	47	to	to	PART
cblr-2937	830	48	go	go	VERB
cblr-2937	830	49	beyond	beyond	ADP
cblr-2937	830	50	the	the	DET
cblr-2937	830	51	ordinal	ordinal	ADJ
cblr-2937	830	52	quality	quality	NOUN
cblr-2937	830	53	standard	standard	ADJ
cblr-2937	830	54	agencies	agency	NOUN
cblr-2937	830	55	embrace	embrace	VERB
cblr-2937	830	56	and	and	CCONJ
cblr-2937	830	57	impose	impose	VERB
cblr-2937	830	58	quality	quality	NOUN
cblr-2937	830	59	standards	standard	NOUN
cblr-2937	830	60	keyed	key	VERB
cblr-2937	830	61	to	to	ADP
cblr-2937	830	62	these	these	DET
cblr-2937	830	63	factors	factor	NOUN
cblr-2937	830	64	.	.	PUNCT
cblr-2937	831	1	[	[	X
cblr-2937	831	2	vol	vol	NOUN
cblr-2937	831	3	.	.	NOUN
cblr-2937	831	4	2009	2009	NUM
cblr-2937	831	5	credit	credit	NOUN
cblr-2937	831	6	rating	rating	NOUN
cblr-2937	831	7	a	a	DET
cblr-2937	831	8	gencies	gencie	NOUN
cblr-2937	831	9	for	for	ADP
cblr-2937	831	10	measuring	measure	VERB
cblr-2937	831	11	the	the	DET
cblr-2937	831	12	quality	quality	NOUN
cblr-2937	831	13	of	of	ADP
cblr-2937	831	14	the	the	DET
cblr-2937	831	15	ratings	rating	NOUN
cblr-2937	831	16	,	,	PUNCT
cblr-2937	831	17	and	and	CCONJ
cblr-2937	831	18	rating	rating	NOUN
cblr-2937	831	19	agencies	agency	NOUN
cblr-2937	831	20	assert	assert	VERB
cblr-2937	831	21	that	that	SCONJ
cblr-2937	831	22	they	they	PRON
cblr-2937	831	23	do	do	AUX
cblr-2937	831	24	accomplish	accomplish	VERB
cblr-2937	831	25	their	their	PRON
cblr-2937	831	26	stated	state	VERB
cblr-2937	831	27	goals	goal	NOUN
cblr-2937	831	28	with	with	ADP
cblr-2937	831	29	high	high	ADJ
cblr-2937	831	30	quality	quality	NOUN
cblr-2937	831	31	.	.	PUNCT
cblr-2937	832	1	9	9	NUM
cblr-2937	832	2	°	°	NUM
cblr-2937	832	3	the	the	DET
cblr-2937	832	4	assertions	assertion	NOUN
cblr-2937	832	5	about	about	ADP
cblr-2937	832	6	the	the	DET
cblr-2937	832	7	probability	probability	NOUN
cblr-2937	832	8	of	of	ADP
cblr-2937	832	9	future	future	ADJ
cblr-2937	832	10	events	event	NOUN
cblr-2937	832	11	that	that	PRON
cblr-2937	832	12	credit	credit	NOUN
cblr-2937	832	13	ratings	rating	NOUN
cblr-2937	832	14	embody	embody	VERB
cblr-2937	832	15	can	can	AUX
cblr-2937	832	16	be	be	AUX
cblr-2937	832	17	evaluated	evaluate	VERB
cblr-2937	832	18	on	on	ADP
cblr-2937	832	19	an	an	DET
cblr-2937	832	20	ex	ex	X
cblr-2937	832	21	post	post	NOUN
cblr-2937	832	22	basis	basis	NOUN
cblr-2937	832	23	based	base	VERB
cblr-2937	832	24	on	on	ADP
cblr-2937	832	25	the	the	DET
cblr-2937	832	26	performance	performance	NOUN
cblr-2937	832	27	of	of	ADP
cblr-2937	832	28	the	the	DET
cblr-2937	832	29	rated	rate	VERB
cblr-2937	832	30	instruments	instrument	NOUN
cblr-2937	832	31	over	over	ADP
cblr-2937	832	32	time	time	NOUN
cblr-2937	832	33	.	.	PUNCT
cblr-2937	833	1	although	although	SCONJ
cblr-2937	833	2	some	some	PRON
cblr-2937	833	3	assert	assert	VERB
cblr-2937	833	4	that	that	SCONJ
cblr-2937	833	5	it	it	PRON
cblr-2937	833	6	is	be	AUX
cblr-2937	833	7	impossible	impossible	ADJ
cblr-2937	833	8	to	to	PART
cblr-2937	833	9	monitor	monitor	VERB
cblr-2937	833	10	quality	quality	NOUN
cblr-2937	833	11	because	because	SCONJ
cblr-2937	833	12	it	it	PRON
cblr-2937	833	13	is	be	AUX
cblr-2937	833	14	impossible	impossible	ADJ
cblr-2937	833	15	to	to	PART
cblr-2937	833	16	tell	tell	VERB
cblr-2937	833	17	even	even	ADV
cblr-2937	833	18	after	after	ADP
cblr-2937	833	19	the	the	DET
cblr-2937	833	20	fact	fact	NOUN
cblr-2937	833	21	whether	whether	SCONJ
cblr-2937	833	22	rating	rating	NOUN
cblr-2937	833	23	agencies	agency	NOUN
cblr-2937	833	24	performed	perform	VERB
cblr-2937	833	25	poorly	poorly	ADV
cblr-2937	833	26	,	,	PUNCT
cblr-2937	833	27	or	or	CCONJ
cblr-2937	833	28	just	just	ADV
cblr-2937	833	29	experienced	experience	VERB
cblr-2937	833	30	bad	bad	ADJ
cblr-2937	833	31	luck	luck	NOUN
cblr-2937	833	32	,	,	PUNCT
cblr-2937	833	33	'	'	PUNCT
cblr-2937	833	34	that	that	SCONJ
cblr-2937	833	35	contention	contention	NOUN
cblr-2937	833	36	is	be	AUX
cblr-2937	833	37	inconsistent	inconsistent	ADJ
cblr-2937	833	38	with	with	ADP
cblr-2937	833	39	any	any	DET
cblr-2937	833	40	argument	argument	NOUN
cblr-2937	833	41	that	that	SCONJ
cblr-2937	833	42	reputation	reputation	NOUN
cblr-2937	833	43	guarantees	guarantee	VERB
cblr-2937	833	44	high	high	ADJ
cblr-2937	833	45	quality	quality	NOUN
cblr-2937	833	46	.	.	PUNCT
cblr-2937	834	1	a	a	DET
cblr-2937	834	2	reputation	reputation	NOUN
cblr-2937	834	3	for	for	ADP
cblr-2937	834	4	quality	quality	NOUN
cblr-2937	834	5	presumes	presume	VERB
cblr-2937	834	6	that	that	SCONJ
cblr-2937	834	7	market	market	NOUN
cblr-2937	834	8	participants	participant	NOUN
cblr-2937	834	9	are	be	AUX
cblr-2937	834	10	able	able	ADJ
cblr-2937	834	11	to	to	PART
cblr-2937	834	12	engage	engage	VERB
cblr-2937	834	13	in	in	ADP
cblr-2937	834	14	ex	ex	PRON
cblr-2937	834	15	post	post	NOUN
cblr-2937	834	16	monitoring	monitoring	NOUN
cblr-2937	834	17	of	of	ADP
cblr-2937	834	18	product	product	NOUN
cblr-2937	834	19	quality	quality	NOUN
cblr-2937	834	20	.	.	PUNCT
cblr-2937	835	1	if	if	SCONJ
cblr-2937	835	2	customers	customer	NOUN
cblr-2937	835	3	can	can	AUX
cblr-2937	835	4	never	never	ADV
cblr-2937	835	5	determine	determine	VERB
cblr-2937	835	6	whether	whether	SCONJ
cblr-2937	835	7	goods	good	NOUN
cblr-2937	835	8	or	or	CCONJ
cblr-2937	835	9	services	service	NOUN
cblr-2937	835	10	are	be	AUX
cblr-2937	835	11	of	of	ADP
cblr-2937	835	12	high	high	ADJ
cblr-2937	835	13	quality	quality	NOUN
cblr-2937	835	14	or	or	CCONJ
cblr-2937	835	15	not	not	PART
cblr-2937	835	16	,	,	PUNCT
cblr-2937	835	17	there	there	PRON
cblr-2937	835	18	can	can	AUX
cblr-2937	835	19	be	be	AUX
cblr-2937	835	20	no	no	DET
cblr-2937	835	21	meaningful	meaningful	ADJ
cblr-2937	835	22	"	"	PUNCT
cblr-2937	835	23	reputation	reputation	NOUN
cblr-2937	835	24	"	"	PUNCT
cblr-2937	835	25	for	for	ADP
cblr-2937	835	26	high	high	ADJ
cblr-2937	835	27	-	-	PUNCT
cblr-2937	835	28	quality	quality	NOUN
cblr-2937	835	29	production	production	NOUN
cblr-2937	835	30	.	.	PUNCT
cblr-2937	836	1	thus	thus	ADV
cblr-2937	836	2	,	,	PUNCT
cblr-2937	836	3	if	if	SCONJ
cblr-2937	836	4	reputation	reputation	NOUN
cblr-2937	836	5	plays	play	VERB
cblr-2937	836	6	a	a	DET
cblr-2937	836	7	role	role	NOUN
cblr-2937	836	8	in	in	ADP
cblr-2937	836	9	rating	rating	NOUN
cblr-2937	836	10	-	-	PUNCT
cblr-2937	836	11	agency	agency	NOUN
cblr-2937	836	12	markets	market	NOUN
cblr-2937	836	13	as	as	SCONJ
cblr-2937	836	14	agencies	agency	NOUN
cblr-2937	836	15	and	and	CCONJ
cblr-2937	836	16	many	many	ADJ
cblr-2937	836	17	observers	observer	NOUN
cblr-2937	836	18	assert	assert	VERB
cblr-2937	836	19	,	,	PUNCT
cblr-2937	836	20	it	it	PRON
cblr-2937	836	21	is	be	AUX
cblr-2937	836	22	possible	possible	ADJ
cblr-2937	836	23	to	to	PART
cblr-2937	836	24	monitor	monitor	VERB
cblr-2937	836	25	quality	quality	NOUN
cblr-2937	836	26	.	.	PUNCT
cblr-2937	837	1	b.	b.	NOUN
cblr-2937	837	2	reputation	reputation	NOUN
cblr-2937	837	3	is	be	AUX
cblr-2937	837	4	unlikely	unlikely	ADJ
cblr-2937	837	5	to	to	PART
cblr-2937	837	6	guarantee	guarantee	VERB
cblr-2937	837	7	high	high	ADJ
cblr-2937	837	8	-	-	PUNCT
cblr-2937	837	9	quality	quality	NOUN
cblr-2937	837	10	ratings	rating	NOUN
cblr-2937	837	11	on	on	ADP
cblr-2937	837	12	novel	novel	ADJ
cblr-2937	837	13	products	product	NOUN
cblr-2937	837	14	adherents	adherent	NOUN
cblr-2937	837	15	of	of	ADP
cblr-2937	837	16	the	the	DET
cblr-2937	837	17	"	"	PUNCT
cblr-2937	837	18	reputational	reputational	ADJ
cblr-2937	837	19	-	-	PUNCT
cblr-2937	837	20	capital	capital	NOUN
cblr-2937	837	21	"	"	PUNCT
cblr-2937	837	22	model	model	NOUN
cblr-2937	837	23	apparently	apparently	ADV
cblr-2937	837	24	believe	believe	VERB
cblr-2937	837	25	that	that	SCONJ
cblr-2937	837	26	in	in	ADP
cblr-2937	837	27	a	a	DET
cblr-2937	837	28	well	well	ADV
cblr-2937	837	29	-	-	PUNCT
cblr-2937	837	30	functioning	function	VERB
cblr-2937	837	31	market	market	NOUN
cblr-2937	837	32	rating	rating	NOUN
cblr-2937	837	33	agencies	agency	NOUN
cblr-2937	837	34	will	will	AUX
cblr-2937	837	35	not	not	PART
cblr-2937	837	36	knowingly	knowingly	ADV
cblr-2937	837	37	issue	issue	VERB
cblr-2937	837	38	low	low	ADJ
cblr-2937	837	39	-	-	PUNCT
cblr-2937	837	40	quality	quality	NOUN
cblr-2937	837	41	ratings	rating	NOUN
cblr-2937	837	42	because	because	SCONJ
cblr-2937	837	43	of	of	ADP
cblr-2937	837	44	fear	fear	NOUN
cblr-2937	837	45	of	of	ADP
cblr-2937	837	46	loss	loss	NOUN
cblr-2937	837	47	of	of	ADP
cblr-2937	837	48	reputation	reputation	NOUN
cblr-2937	837	49	.	.	PUNCT
cblr-2937	838	1	as	as	SCONJ
cblr-2937	838	2	discussed	discuss	VERB
cblr-2937	838	3	,	,	PUNCT
cblr-2937	838	4	this	this	DET
cblr-2937	838	5	assumption	assumption	NOUN
cblr-2937	838	6	seems	seem	VERB
cblr-2937	838	7	to	to	PART
cblr-2937	838	8	have	have	VERB
cblr-2937	838	9	undergirded	undergirded	ADJ
cblr-2937	838	10	reform	reform	NOUN
cblr-2937	838	11	efforts	effort	NOUN
cblr-2937	838	12	since	since	SCONJ
cblr-2937	838	13	2001	2001	NUM
cblr-2937	838	14	,	,	PUNCT
cblr-2937	838	15	both	both	CCONJ
cblr-2937	838	16	before	before	ADP
cblr-2937	838	17	and	and	CCONJ
cblr-2937	838	18	during	during	ADP
cblr-2937	838	19	the	the	DET
cblr-2937	838	20	credit	credit	NOUN
cblr-2937	838	21	crisis	crisis	NOUN
cblr-2937	838	22	.	.	PUNCT
cblr-2937	839	1	but	but	CCONJ
cblr-2937	839	2	even	even	ADV
cblr-2937	839	3	a	a	DET
cblr-2937	839	4	well	well	ADV
cblr-2937	839	5	-	-	PUNCT
cblr-2937	839	6	functioning	function	VERB
cblr-2937	839	7	reputation	reputation	NOUN
cblr-2937	839	8	mechanism	mechanism	NOUN
cblr-2937	839	9	is	be	AUX
cblr-2937	839	10	unlikely	unlikely	ADJ
cblr-2937	839	11	to	to	PART
cblr-2937	839	12	deter	deter	VERB
cblr-2937	839	13	low	low	ADJ
cblr-2937	839	14	-	-	PUNCT
cblr-2937	839	15	quality	quality	NOUN
cblr-2937	839	16	ratings	rating	NOUN
cblr-2937	839	17	on	on	ADP
cblr-2937	839	18	novel	novel	ADJ
cblr-2937	839	19	products	product	NOUN
cblr-2937	839	20	.	.	PUNCT
cblr-2937	840	1	to	to	PART
cblr-2937	840	2	show	show	VERB
cblr-2937	840	3	this	this	PRON
cblr-2937	840	4	,	,	PUNCT
cblr-2937	840	5	i	i	PRON
cblr-2937	840	6	first	first	ADV
cblr-2937	840	7	describe	describe	VERB
cblr-2937	840	8	a	a	DET
cblr-2937	840	9	simple	simple	ADJ
cblr-2937	840	10	setting	setting	NOUN
cblr-2937	840	11	free	free	ADJ
cblr-2937	840	12	of	of	ADP
cblr-2937	840	13	the	the	DET
cblr-2937	840	14	problems	problem	NOUN
cblr-2937	840	15	policymakers	policymaker	NOUN
cblr-2937	840	16	are	be	AUX
cblr-2937	840	17	190	190	NUM
cblr-2937	840	18	see	see	NOUN
cblr-2937	840	19	,	,	PUNCT
cblr-2937	840	20	e.g.	e.g.	ADV
cblr-2937	840	21	,	,	PUNCT
cblr-2937	840	22	house	house	NOUN
cblr-2937	840	23	structured	structure	VERB
cblr-2937	840	24	finance	finance	NOUN
cblr-2937	840	25	hearings	hearing	NOUN
cblr-2937	840	26	,	,	PUNCT
cblr-2937	840	27	supra	supra	PROPN
cblr-2937	840	28	note	note	NOUN
cblr-2937	840	29	57	57	NUM
cblr-2937	840	30	,	,	PUNCT
cblr-2937	840	31	at	at	ADP
cblr-2937	840	32	16	16	NUM
cblr-2937	840	33	(	(	PUNCT
cblr-2937	840	34	testimony	testimony	NOUN
cblr-2937	840	35	of	of	ADP
cblr-2937	840	36	vickie	vickie	PROPN
cblr-2937	840	37	a.	a.	PROPN
cblr-2937	840	38	tillman	tillman	PROPN
cblr-2937	840	39	,	,	PUNCT
cblr-2937	840	40	executive	executive	ADJ
cblr-2937	840	41	vice	vice	NOUN
cblr-2937	840	42	president	president	NOUN
cblr-2937	840	43	,	,	PUNCT
cblr-2937	840	44	s&p	s&p	PROPN
cblr-2937	840	45	)	)	PUNCT
cblr-2937	840	46	(	(	PUNCT
cblr-2937	840	47	s&p	s&p	PROPN
cblr-2937	840	48	has	have	VERB
cblr-2937	840	49	an	an	DET
cblr-2937	840	50	"	"	PUNCT
cblr-2937	840	51	excellent	excellent	ADJ
cblr-2937	840	52	record	record	NOUN
cblr-2937	840	53	of	of	ADP
cblr-2937	840	54	evaluating	evaluate	VERB
cblr-2937	840	55	the	the	DET
cblr-2937	840	56	credit	credit	NOUN
cblr-2937	840	57	quality	quality	NOUN
cblr-2937	840	58	of	of	ADP
cblr-2937	840	59	rmbs	rmb	NOUN
cblr-2937	840	60	transactions	transaction	NOUN
cblr-2937	840	61	.	.	PUNCT
cblr-2937	841	1	"	"	PUNCT
cblr-2937	841	2	)	)	PUNCT
cblr-2937	841	3	;	;	PUNCT
cblr-2937	841	4	standard	standard	PROPN
cblr-2937	841	5	&	&	CCONJ
cblr-2937	841	6	poor	poor	PROPN
cblr-2937	841	7	's	's	PART
cblr-2937	841	8	,	,	PUNCT
cblr-2937	841	9	supra	supra	PROPN
cblr-2937	841	10	note	note	NOUN
cblr-2937	841	11	172	172	NUM
cblr-2937	841	12	,	,	PUNCT
cblr-2937	841	13	at	at	ADP
cblr-2937	841	14	8	8	NUM
cblr-2937	841	15	(	(	PUNCT
cblr-2937	841	16	s&p	s&p	PROPN
cblr-2937	841	17	"	"	PUNCT
cblr-2937	841	18	has	have	VERB
cblr-2937	841	19	an	an	DET
cblr-2937	841	20	excellent	excellent	ADJ
cblr-2937	841	21	and	and	CCONJ
cblr-2937	841	22	proven	prove	VERB
cblr-2937	841	23	track	track	NOUN
cblr-2937	841	24	record	record	NOUN
cblr-2937	841	25	of	of	ADP
cblr-2937	841	26	rating	rating	NOUN
cblr-2937	841	27	corporate	corporate	ADJ
cblr-2937	841	28	,	,	PUNCT
cblr-2937	841	29	government	government	NOUN
cblr-2937	841	30	,	,	PUNCT
cblr-2937	841	31	and	and	CCONJ
cblr-2937	841	32	structured	structure	VERB
cblr-2937	841	33	finance	finance	NOUN
cblr-2937	841	34	debt	debt	NOUN
cblr-2937	841	35	.	.	PUNCT
cblr-2937	841	36	"	"	PUNCT
cblr-2937	841	37	)	)	PUNCT
cblr-2937	841	38	.	.	PUNCT
cblr-2937	842	1	191	191	NUM
cblr-2937	842	2	see	see	VERB
cblr-2937	842	3	ashcraft	ashcraft	PROPN
cblr-2937	842	4	&	&	CCONJ
cblr-2937	842	5	scheuermann	scheuermann	PROPN
cblr-2937	842	6	,	,	PUNCT
cblr-2937	842	7	supra	supra	PROPN
cblr-2937	842	8	note	note	PROPN
cblr-2937	842	9	24	24	NUM
cblr-2937	842	10	,	,	PUNCT
cblr-2937	842	11	at	at	ADP
cblr-2937	842	12	39	39	NUM
cblr-2937	842	13	(	(	PUNCT
cblr-2937	842	14	arguing	argue	VERB
cblr-2937	842	15	that	that	SCONJ
cblr-2937	842	16	low	low	ADJ
cblr-2937	842	17	default	default	NOUN
cblr-2937	842	18	rates	rate	NOUN
cblr-2937	842	19	on	on	ADP
cblr-2937	842	20	highly	highly	ADV
cblr-2937	842	21	rated	rate	VERB
cblr-2937	842	22	products	product	NOUN
cblr-2937	842	23	make	make	VERB
cblr-2937	842	24	it	it	PRON
cblr-2937	842	25	difficult	difficult	ADJ
cblr-2937	842	26	to	to	PART
cblr-2937	842	27	establish	establish	VERB
cblr-2937	842	28	whether	whether	SCONJ
cblr-2937	842	29	a	a	DET
cblr-2937	842	30	particular	particular	ADJ
cblr-2937	842	31	realized	realize	VERB
cblr-2937	842	32	default	default	NOUN
cblr-2937	842	33	rate	rate	NOUN
cblr-2937	842	34	implies	imply	VERB
cblr-2937	842	35	poor	poor	ADJ
cblr-2937	842	36	quality	quality	NOUN
cblr-2937	842	37	)	)	PUNCT
cblr-2937	842	38	.	.	PUNCT
cblr-2937	843	1	no	no	INTJ
cblr-2937	843	2	.	.	PUNCT
cblr-2937	844	1	1:109	1:109	NUM
cblr-2937	844	2	]	]	PUNCT
cblr-2937	844	3	addressing	address	VERB
cblr-2937	844	4	,	,	PUNCT
cblr-2937	844	5	and	and	CCONJ
cblr-2937	844	6	show	show	VERB
cblr-2937	844	7	that	that	SCONJ
cblr-2937	844	8	in	in	ADP
cblr-2937	844	9	such	such	DET
cblr-2937	844	10	a	a	DET
cblr-2937	844	11	setting	set	VERB
cblr-2937	844	12	reputational	reputational	ADJ
cblr-2937	844	13	considerations	consideration	NOUN
cblr-2937	844	14	will	will	AUX
cblr-2937	844	15	not	not	PART
cblr-2937	844	16	deter	deter	VERB
cblr-2937	844	17	rating	rating	NOUN
cblr-2937	844	18	agencies	agency	NOUN
cblr-2937	844	19	from	from	ADP
cblr-2937	844	20	issuing	issue	VERB
cblr-2937	844	21	low	low	ADJ
cblr-2937	844	22	-	-	PUNCT
cblr-2937	844	23	quality	quality	NOUN
cblr-2937	844	24	ratings	rating	NOUN
cblr-2937	844	25	on	on	ADP
cblr-2937	844	26	novel	novel	ADJ
cblr-2937	844	27	products	product	NOUN
cblr-2937	844	28	.	.	PUNCT
cblr-2937	845	1	i	i	PRON
cblr-2937	845	2	then	then	ADV
cblr-2937	845	3	argue	argue	VERB
cblr-2937	845	4	that	that	SCONJ
cblr-2937	845	5	key	key	ADJ
cblr-2937	845	6	assumptions	assumption	NOUN
cblr-2937	845	7	underlying	underlie	VERB
cblr-2937	845	8	the	the	DET
cblr-2937	845	9	simplified	simplified	ADJ
cblr-2937	845	10	setting	setting	NOUN
cblr-2937	845	11	are	be	AUX
cblr-2937	845	12	valid	valid	ADJ
cblr-2937	845	13	and	and	CCONJ
cblr-2937	845	14	are	be	AUX
cblr-2937	845	15	likely	likely	ADJ
cblr-2937	845	16	to	to	PART
cblr-2937	845	17	remain	remain	VERB
cblr-2937	845	18	so	so	ADV
cblr-2937	845	19	.	.	PUNCT
cblr-2937	846	1	1	1	X
cblr-2937	846	2	.	.	X
cblr-2937	846	3	reputation	reputation	NOUN
cblr-2937	846	4	does	do	AUX
cblr-2937	846	5	not	not	PART
cblr-2937	846	6	deter	deter	VERB
cblr-2937	846	7	low	low	ADJ
cblr-2937	846	8	-	-	PUNCT
cblr-2937	846	9	quality	quality	NOUN
cblr-2937	846	10	ratings	rating	NOUN
cblr-2937	846	11	in	in	ADP
cblr-2937	846	12	a	a	DET
cblr-2937	846	13	simple	simple	ADJ
cblr-2937	846	14	setting	setting	NOUN
cblr-2937	846	15	consider	consider	VERB
cblr-2937	846	16	the	the	DET
cblr-2937	846	17	introduction	introduction	NOUN
cblr-2937	846	18	of	of	ADP
cblr-2937	846	19	a	a	DET
cblr-2937	846	20	novel	novel	ADJ
cblr-2937	846	21	financial	financial	ADJ
cblr-2937	846	22	product	product	NOUN
cblr-2937	846	23	(	(	PUNCT
cblr-2937	846	24	such	such	ADJ
cblr-2937	846	25	as	as	ADP
cblr-2937	846	26	cpdos	cpdo	NOUN
cblr-2937	846	27	or	or	CCONJ
cblr-2937	846	28	subprime	subprime	NOUN
cblr-2937	846	29	rmbs	rmb	NOUN
cblr-2937	846	30	)	)	PUNCT
cblr-2937	846	31	in	in	ADP
cblr-2937	846	32	a	a	DET
cblr-2937	846	33	simple	simple	ADJ
cblr-2937	846	34	setting	setting	NOUN
cblr-2937	846	35	,	,	PUNCT
cblr-2937	846	36	in	in	ADP
cblr-2937	846	37	which	which	PRON
cblr-2937	846	38	there	there	PRON
cblr-2937	846	39	are	be	VERB
cblr-2937	846	40	one	one	NUM
cblr-2937	846	41	or	or	CCONJ
cblr-2937	846	42	more	more	ADJ
cblr-2937	846	43	credit	credit	NOUN
cblr-2937	846	44	rating	rating	NOUN
cblr-2937	846	45	agencies	agency	NOUN
cblr-2937	846	46	and	and	CCONJ
cblr-2937	846	47	a	a	DET
cblr-2937	846	48	number	number	NOUN
cblr-2937	846	49	of	of	ADP
cblr-2937	846	50	investors	investor	NOUN
cblr-2937	846	51	,	,	PUNCT
cblr-2937	846	52	who	who	PRON
cblr-2937	846	53	are	be	AUX
cblr-2937	846	54	assumed	assume	VERB
cblr-2937	846	55	for	for	SCONJ
cblr-2937	846	56	convenience	convenience	NOUN
cblr-2937	846	57	to	to	PART
cblr-2937	846	58	be	be	AUX
cblr-2937	846	59	identical	identical	ADJ
cblr-2937	846	60	.	.	PUNCT
cblr-2937	847	1	the	the	DET
cblr-2937	847	2	rating	rating	NOUN
cblr-2937	847	3	agency	agency	NOUN
cblr-2937	847	4	sells	sell	VERB
cblr-2937	847	5	ratings	rating	NOUN
cblr-2937	847	6	directly	directly	ADV
cblr-2937	847	7	to	to	ADP
cblr-2937	847	8	investors	investor	NOUN
cblr-2937	847	9	.	.	PUNCT
cblr-2937	848	1	ratings	rating	NOUN
cblr-2937	848	2	can	can	AUX
cblr-2937	848	3	be	be	AUX
cblr-2937	848	4	of	of	ADP
cblr-2937	848	5	two	two	NUM
cblr-2937	848	6	quality	quality	NOUN
cblr-2937	848	7	levels	level	NOUN
cblr-2937	848	8	,	,	PUNCT
cblr-2937	848	9	high	high	ADJ
cblr-2937	848	10	or	or	CCONJ
cblr-2937	848	11	low	low	ADJ
cblr-2937	848	12	.	.	PUNCT
cblr-2937	849	1	the	the	DET
cblr-2937	849	2	rating	rating	NOUN
cblr-2937	849	3	agency	agency	NOUN
cblr-2937	849	4	may	may	AUX
cblr-2937	849	5	be	be	AUX
cblr-2937	849	6	able	able	ADJ
cblr-2937	849	7	to	to	PART
cblr-2937	849	8	produce	produce	VERB
cblr-2937	849	9	ratings	rating	NOUN
cblr-2937	849	10	at	at	ADP
cblr-2937	849	11	high	high	ADJ
cblr-2937	849	12	quality	quality	NOUN
cblr-2937	849	13	,	,	PUNCT
cblr-2937	849	14	and	and	CCONJ
cblr-2937	849	15	if	if	SCONJ
cblr-2937	849	16	it	it	PRON
cblr-2937	849	17	can	can	AUX
cblr-2937	849	18	produce	produce	VERB
cblr-2937	849	19	high	high	ADJ
cblr-2937	849	20	-	-	PUNCT
cblr-2937	849	21	quality	quality	NOUN
cblr-2937	849	22	ratings	rating	NOUN
cblr-2937	849	23	it	it	PRON
cblr-2937	849	24	will	will	AUX
cblr-2937	849	25	do	do	VERB
cblr-2937	849	26	so	so	ADV
cblr-2937	849	27	.	.	PUNCT
cblr-2937	850	1	for	for	ADP
cblr-2937	850	2	a	a	DET
cblr-2937	850	3	given	give	VERB
cblr-2937	850	4	new	new	ADJ
cblr-2937	850	5	product	product	NOUN
cblr-2937	850	6	,	,	PUNCT
cblr-2937	850	7	the	the	DET
cblr-2937	850	8	probability	probability	NOUN
cblr-2937	850	9	that	that	SCONJ
cblr-2937	850	10	the	the	DET
cblr-2937	850	11	agency	agency	NOUN
cblr-2937	850	12	will	will	AUX
cblr-2937	850	13	be	be	AUX
cblr-2937	850	14	able	able	ADJ
cblr-2937	850	15	to	to	PART
cblr-2937	850	16	produce	produce	VERB
cblr-2937	850	17	at	at	ADP
cblr-2937	850	18	high	high	ADJ
cblr-2937	850	19	quality	quality	NOUN
cblr-2937	850	20	is	be	AUX
cblr-2937	850	21	p.	p.	NOUN
cblr-2937	850	22	the	the	DET
cblr-2937	850	23	agency	agency	NOUN
cblr-2937	850	24	knows	know	VERB
cblr-2937	850	25	whether	whether	SCONJ
cblr-2937	850	26	it	it	PRON
cblr-2937	850	27	can	can	AUX
cblr-2937	850	28	produce	produce	VERB
cblr-2937	850	29	high	high	ADJ
cblr-2937	850	30	-	-	PUNCT
cblr-2937	850	31	quality	quality	NOUN
cblr-2937	850	32	ratings	rating	NOUN
cblr-2937	850	33	or	or	CCONJ
cblr-2937	850	34	not	not	PART
cblr-2937	850	35	.	.	PUNCT
cblr-2937	851	1	the	the	DET
cblr-2937	851	2	cost	cost	NOUN
cblr-2937	851	3	of	of	ADP
cblr-2937	851	4	producing	produce	VERB
cblr-2937	851	5	ratings	rating	NOUN
cblr-2937	851	6	is	be	AUX
cblr-2937	851	7	ignored	ignore	VERB
cblr-2937	851	8	,	,	PUNCT
cblr-2937	851	9	as	as	SCONJ
cblr-2937	851	10	incorporating	incorporate	VERB
cblr-2937	851	11	cost	cost	NOUN
cblr-2937	851	12	complicates	complicate	VERB
cblr-2937	851	13	the	the	DET
cblr-2937	851	14	analysis	analysis	NOUN
cblr-2937	851	15	without	without	ADP
cblr-2937	851	16	materially	materially	ADV
cblr-2937	851	17	changing	change	VERB
cblr-2937	851	18	the	the	DET
cblr-2937	851	19	conclusion	conclusion	NOUN
cblr-2937	851	20	.	.	PUNCT
cblr-2937	852	1	investors	investor	NOUN
cblr-2937	852	2	assign	assign	VERB
cblr-2937	852	3	a	a	DET
cblr-2937	852	4	value	value	NOUN
cblr-2937	852	5	vh	vh	NOUN
cblr-2937	852	6	to	to	ADP
cblr-2937	852	7	high	high	ADJ
cblr-2937	852	8	-	-	PUNCT
cblr-2937	852	9	quality	quality	NOUN
cblr-2937	852	10	ratings	rating	NOUN
cblr-2937	852	11	and	and	CCONJ
cblr-2937	852	12	a	a	DET
cblr-2937	852	13	lower	low	ADJ
cblr-2937	852	14	value	value	NOUN
cblr-2937	852	15	vl	vl	NOUN
cblr-2937	852	16	to	to	ADP
cblr-2937	852	17	low	low	ADJ
cblr-2937	852	18	-	-	PUNCT
cblr-2937	852	19	quality	quality	NOUN
cblr-2937	852	20	ratings	rating	NOUN
cblr-2937	852	21	.	.	PUNCT
cblr-2937	853	1	investors	investor	NOUN
cblr-2937	853	2	'	'	PART
cblr-2937	853	3	willingness	willingness	NOUN
cblr-2937	853	4	to	to	PART
cblr-2937	853	5	pay	pay	VERB
cblr-2937	853	6	for	for	ADP
cblr-2937	853	7	ratings	rating	NOUN
cblr-2937	853	8	depends	depend	VERB
cblr-2937	853	9	solely	solely	ADV
cblr-2937	853	10	on	on	ADP
cblr-2937	853	11	their	their	PRON
cblr-2937	853	12	expectations	expectation	NOUN
cblr-2937	853	13	of	of	ADP
cblr-2937	853	14	the	the	DET
cblr-2937	853	15	quality	quality	NOUN
cblr-2937	853	16	of	of	ADP
cblr-2937	853	17	the	the	DET
cblr-2937	853	18	ratings	rating	NOUN
cblr-2937	853	19	,	,	PUNCT
cblr-2937	853	20	and	and	CCONJ
cblr-2937	853	21	investors	investor	NOUN
cblr-2937	853	22	can	can	AUX
cblr-2937	853	23	not	not	PART
cblr-2937	853	24	tell	tell	VERB
cblr-2937	853	25	in	in	ADP
cblr-2937	853	26	advance	advance	NOUN
cblr-2937	853	27	whether	whether	SCONJ
cblr-2937	853	28	ratings	rating	NOUN
cblr-2937	853	29	on	on	ADP
cblr-2937	853	30	a	a	DET
cblr-2937	853	31	given	give	VERB
cblr-2937	853	32	new	new	ADJ
cblr-2937	853	33	product	product	NOUN
cblr-2937	853	34	are	be	AUX
cblr-2937	853	35	in	in	ADP
cblr-2937	853	36	fact	fact	NOUN
cblr-2937	853	37	of	of	ADP
cblr-2937	853	38	high	high	ADJ
cblr-2937	853	39	or	or	CCONJ
cblr-2937	853	40	low	low	ADJ
cblr-2937	853	41	quality	quality	NOUN
cblr-2937	853	42	.	.	PUNCT
cblr-2937	854	1	investors	investor	NOUN
cblr-2937	854	2	believe	believe	VERB
cblr-2937	854	3	that	that	SCONJ
cblr-2937	854	4	there	there	PRON
cblr-2937	854	5	is	be	VERB
cblr-2937	854	6	some	some	DET
cblr-2937	854	7	probability	probability	NOUN
cblr-2937	854	8	a	a	PRON
cblr-2937	854	9	that	that	SCONJ
cblr-2937	854	10	the	the	DET
cblr-2937	854	11	agency	agency	NOUN
cblr-2937	854	12	will	will	AUX
cblr-2937	854	13	know	know	VERB
cblr-2937	854	14	what	what	PRON
cblr-2937	854	15	it	it	PRON
cblr-2937	854	16	is	be	AUX
cblr-2937	854	17	doing	do	VERB
cblr-2937	854	18	and	and	CCONJ
cblr-2937	854	19	will	will	AUX
cblr-2937	854	20	rate	rate	VERB
cblr-2937	854	21	the	the	DET
cblr-2937	854	22	new	new	ADJ
cblr-2937	854	23	instrument	instrument	NOUN
cblr-2937	854	24	with	with	ADP
cblr-2937	854	25	high	high	ADJ
cblr-2937	854	26	quality	quality	NOUN
cblr-2937	854	27	.	.	PUNCT
cblr-2937	855	1	they	they	PRON
cblr-2937	855	2	believe	believe	VERB
cblr-2937	855	3	that	that	SCONJ
cblr-2937	855	4	with	with	ADP
cblr-2937	855	5	probability	probability	NOUN
cblr-2937	855	6	1	1	NUM
cblr-2937	855	7	-	-	PUNCT
cblr-2937	855	8	a	a	PRON
cblr-2937	855	9	the	the	DET
cblr-2937	855	10	agency	agency	NOUN
cblr-2937	855	11	will	will	AUX
cblr-2937	855	12	not	not	PART
cblr-2937	855	13	know	know	VERB
cblr-2937	855	14	what	what	PRON
cblr-2937	855	15	it	it	PRON
cblr-2937	855	16	is	be	AUX
cblr-2937	855	17	doing	do	VERB
cblr-2937	855	18	,	,	PUNCT
cblr-2937	855	19	so	so	SCONJ
cblr-2937	855	20	that	that	SCONJ
cblr-2937	855	21	its	its	PRON
cblr-2937	855	22	ratings	rating	NOUN
cblr-2937	855	23	will	will	AUX
cblr-2937	855	24	be	be	AUX
cblr-2937	855	25	of	of	ADP
cblr-2937	855	26	low	low	ADJ
cblr-2937	855	27	quality	quality	NOUN
cblr-2937	855	28	.	.	PUNCT
cblr-2937	856	1	thus	thus	ADV
cblr-2937	856	2	,	,	PUNCT
cblr-2937	856	3	the	the	DET
cblr-2937	856	4	investor	investor	NOUN
cblr-2937	856	5	will	will	AUX
cblr-2937	856	6	be	be	AUX
cblr-2937	856	7	willing	willing	ADJ
cblr-2937	856	8	to	to	PART
cblr-2937	856	9	pay	pay	VERB
cblr-2937	856	10	up	up	ADP
cblr-2937	856	11	to	to	ADP
cblr-2937	856	12	the	the	DET
cblr-2937	856	13	weighted	weighted	ADJ
cblr-2937	856	14	average	average	NOUN
cblr-2937	856	15	of	of	ADP
cblr-2937	856	16	vh	vh	PROPN
cblr-2937	856	17	and	and	CCONJ
cblr-2937	856	18	vl	vl	INTJ
cblr-2937	856	19	(	(	PUNCT
cblr-2937	856	20	the	the	DET
cblr-2937	856	21	"	"	PUNCT
cblr-2937	856	22	pool	pool	NOUN
cblr-2937	856	23	value	value	NOUN
cblr-2937	856	24	"	"	PUNCT
cblr-2937	856	25	)	)	PUNCT
cblr-2937	856	26	for	for	ADP
cblr-2937	856	27	a	a	DET
cblr-2937	856	28	rating	rating	NOUN
cblr-2937	856	29	on	on	ADP
cblr-2937	856	30	a	a	DET
cblr-2937	856	31	new	new	ADJ
cblr-2937	856	32	instrument	instrument	NOUN
cblr-2937	856	33	:	:	PUNCT
cblr-2937	856	34	avh	avh	NOUN
cblr-2937	856	35	+	+	CCONJ
cblr-2937	856	36	(	(	PUNCT
cblr-2937	856	37	1a)vl	1a)vl	NUM
cblr-2937	856	38	.	.	PUNCT
cblr-2937	856	39	'9	'9	NOUN
cblr-2937	856	40	2	2	NUM
cblr-2937	856	41	depending	depend	VERB
cblr-2937	856	42	on	on	ADP
cblr-2937	856	43	competitive	competitive	ADJ
cblr-2937	856	44	dynamics	dynamic	NOUN
cblr-2937	856	45	,	,	PUNCT
cblr-2937	856	46	the	the	DET
cblr-2937	856	47	price	price	NOUN
cblr-2937	856	48	192	192	NUM
cblr-2937	856	49	in	in	ADP
cblr-2937	856	50	equilibrium	equilibrium	NOUN
cblr-2937	856	51	,	,	PUNCT
cblr-2937	856	52	the	the	DET
cblr-2937	856	53	investor	investor	NOUN
cblr-2937	856	54	's	's	PART
cblr-2937	856	55	belief	belief	NOUN
cblr-2937	856	56	a	a	PRON
cblr-2937	856	57	will	will	AUX
cblr-2937	856	58	match	match	VERB
cblr-2937	856	59	the	the	DET
cblr-2937	856	60	probability	probability	NOUN
cblr-2937	856	61	p	p	X
cblr-2937	856	62	that	that	SCONJ
cblr-2937	856	63	the	the	DET
cblr-2937	856	64	rating	rating	NOUN
cblr-2937	856	65	actually	actually	ADV
cblr-2937	856	66	is	be	AUX
cblr-2937	856	67	of	of	ADP
cblr-2937	856	68	high	high	ADJ
cblr-2937	856	69	quality	quality	NOUN
cblr-2937	856	70	given	give	VERB
cblr-2937	856	71	that	that	SCONJ
cblr-2937	856	72	the	the	DET
cblr-2937	856	73	agency	agency	NOUN
cblr-2937	856	74	has	have	AUX
cblr-2937	856	75	issued	issue	VERB
cblr-2937	856	76	col	col	PROPN
cblr-2937	856	77	umi1a	umi1a	ADP
cblr-2937	856	78	b	b	PROPN
cblr-2937	856	79	usiness	usiness	NOUN
cblr-2937	856	80	la	la	PROPN
cblr-2937	856	81	w	w	PROPN
cblr-2937	856	82	re	re	PROPN
cblr-2937	856	83	vie	vie	PROPN
cblr-2937	856	84	w	w	PROPN
cblr-2937	857	1	[	[	X
cblr-2937	857	2	vol	vol	NOUN
cblr-2937	857	3	.	.	PUNCT
cblr-2937	857	4	2009	2009	NUM
cblr-2937	857	5	observed	observe	VERB
cblr-2937	857	6	will	will	AUX
cblr-2937	857	7	be	be	AUX
cblr-2937	857	8	somewhere	somewhere	ADV
cblr-2937	857	9	between	between	ADP
cblr-2937	857	10	zero	zero	NUM
cblr-2937	857	11	and	and	CCONJ
cblr-2937	857	12	the	the	DET
cblr-2937	857	13	pool	pool	NOUN
cblr-2937	857	14	value	value	NOUN
cblr-2937	857	15	.	.	PUNCT
cblr-2937	858	1	1	1	NUM
cblr-2937	858	2	93	93	NUM
cblr-2937	858	3	if	if	SCONJ
cblr-2937	858	4	,	,	PUNCT
cblr-2937	858	5	for	for	ADP
cblr-2937	858	6	example	example	NOUN
cblr-2937	858	7	,	,	PUNCT
cblr-2937	858	8	a	a	DET
cblr-2937	858	9	high	high	ADJ
cblr-2937	858	10	-	-	PUNCT
cblr-2937	858	11	quality	quality	NOUN
cblr-2937	858	12	rating	rating	NOUN
cblr-2937	858	13	on	on	ADP
cblr-2937	858	14	a	a	DET
cblr-2937	858	15	new	new	ADJ
cblr-2937	858	16	instrument	instrument	NOUN
cblr-2937	858	17	is	be	AUX
cblr-2937	858	18	worth	worth	ADJ
cblr-2937	858	19	$	$	SYM
cblr-2937	858	20	1000	1000	NUM
cblr-2937	858	21	,	,	PUNCT
cblr-2937	858	22	a	a	DET
cblr-2937	858	23	low	low	ADJ
cblr-2937	858	24	-	-	PUNCT
cblr-2937	858	25	quality	quality	NOUN
cblr-2937	858	26	rating	rating	NOUN
cblr-2937	858	27	is	be	AUX
cblr-2937	858	28	worth	worth	ADJ
cblr-2937	858	29	-$500	-$500	INTJ
cblr-2937	858	30	(	(	PUNCT
cblr-2937	858	31	because	because	SCONJ
cblr-2937	858	32	low	low	ADJ
cblr-2937	858	33	-	-	PUNCT
cblr-2937	858	34	quality	quality	NOUN
cblr-2937	858	35	ratings	rating	NOUN
cblr-2937	858	36	steer	steer	VERB
cblr-2937	858	37	investors	investor	NOUN
cblr-2937	858	38	to	to	ADP
cblr-2937	858	39	poorer	poor	ADJ
cblr-2937	858	40	investments	investment	NOUN
cblr-2937	858	41	than	than	SCONJ
cblr-2937	858	42	they	they	PRON
cblr-2937	858	43	would	would	AUX
cblr-2937	858	44	choose	choose	VERB
cblr-2937	858	45	on	on	ADP
cblr-2937	858	46	their	their	PRON
cblr-2937	858	47	own	own	ADJ
cblr-2937	858	48	)	)	PUNCT
cblr-2937	858	49	,	,	PUNCT
cblr-2937	858	50	and	and	CCONJ
cblr-2937	858	51	the	the	DET
cblr-2937	858	52	probability	probability	NOUN
cblr-2937	858	53	that	that	SCONJ
cblr-2937	858	54	the	the	DET
cblr-2937	858	55	agency	agency	NOUN
cblr-2937	858	56	rates	rate	NOUN
cblr-2937	858	57	with	with	ADP
cblr-2937	858	58	high	high	ADJ
cblr-2937	858	59	quality	quality	NOUN
cblr-2937	858	60	is	be	AUX
cblr-2937	858	61	75	75	NUM
cblr-2937	858	62	%	%	NOUN
cblr-2937	858	63	,	,	PUNCT
cblr-2937	858	64	then	then	ADV
cblr-2937	858	65	the	the	DET
cblr-2937	858	66	expected	expect	VERB
cblr-2937	858	67	value	value	NOUN
cblr-2937	858	68	of	of	ADP
cblr-2937	858	69	the	the	DET
cblr-2937	858	70	rating	rating	NOUN
cblr-2937	858	71	is	be	AUX
cblr-2937	858	72	$	$	SYM
cblr-2937	858	73	750-$125=$625	750-$125=$625	NUM
cblr-2937	858	74	.	.	PUNCT
cblr-2937	859	1	the	the	DET
cblr-2937	859	2	investor	investor	NOUN
cblr-2937	859	3	will	will	AUX
cblr-2937	859	4	purchase	purchase	VERB
cblr-2937	859	5	and	and	CCONJ
cblr-2937	859	6	rely	rely	VERB
cblr-2937	859	7	on	on	ADP
cblr-2937	859	8	ratings	rating	NOUN
cblr-2937	859	9	,	,	PUNCT
cblr-2937	859	10	even	even	ADV
cblr-2937	859	11	though	though	SCONJ
cblr-2937	859	12	the	the	DET
cblr-2937	859	13	investor	investor	NOUN
cblr-2937	859	14	correctly	correctly	ADV
cblr-2937	859	15	perceives	perceive	VERB
cblr-2937	859	16	the	the	DET
cblr-2937	859	17	risk	risk	NOUN
cblr-2937	859	18	that	that	SCONJ
cblr-2937	859	19	the	the	DET
cblr-2937	859	20	ratings	rating	NOUN
cblr-2937	859	21	are	be	AUX
cblr-2937	859	22	of	of	ADP
cblr-2937	859	23	low	low	ADJ
cblr-2937	859	24	quality	quality	NOUN
cblr-2937	859	25	.	.	PUNCT
cblr-2937	860	1	in	in	ADP
cblr-2937	860	2	this	this	DET
cblr-2937	860	3	one	one	NUM
cblr-2937	860	4	-	-	PUNCT
cblr-2937	860	5	period	period	NOUN
cblr-2937	860	6	setting	setting	NOUN
cblr-2937	860	7	,	,	PUNCT
cblr-2937	860	8	an	an	DET
cblr-2937	860	9	agency	agency	NOUN
cblr-2937	860	10	will	will	AUX
cblr-2937	860	11	issue	issue	VERB
cblr-2937	860	12	ratings	rating	NOUN
cblr-2937	860	13	on	on	ADP
cblr-2937	860	14	novel	novel	ADJ
cblr-2937	860	15	products	product	NOUN
cblr-2937	860	16	,	,	PUNCT
cblr-2937	860	17	even	even	ADV
cblr-2937	860	18	if	if	SCONJ
cblr-2937	860	19	it	it	PRON
cblr-2937	860	20	knows	know	VERB
cblr-2937	860	21	that	that	SCONJ
cblr-2937	860	22	the	the	DET
cblr-2937	860	23	rating	rating	NOUN
cblr-2937	860	24	is	be	AUX
cblr-2937	860	25	of	of	ADP
cblr-2937	860	26	poor	poor	ADJ
cblr-2937	860	27	quality	quality	NOUN
cblr-2937	860	28	,	,	PUNCT
cblr-2937	860	29	because	because	SCONJ
cblr-2937	860	30	its	its	PRON
cblr-2937	860	31	choice	choice	NOUN
cblr-2937	860	32	is	be	AUX
cblr-2937	860	33	between	between	ADP
cblr-2937	860	34	(	(	PUNCT
cblr-2937	860	35	1	1	X
cblr-2937	860	36	)	)	PUNCT
cblr-2937	860	37	issuing	issue	VERB
cblr-2937	860	38	the	the	DET
cblr-2937	860	39	rating	rating	NOUN
cblr-2937	860	40	and	and	CCONJ
cblr-2937	860	41	collecting	collect	VERB
cblr-2937	860	42	the	the	DET
cblr-2937	860	43	market	market	NOUN
cblr-2937	860	44	price	price	NOUN
cblr-2937	860	45	on	on	ADP
cblr-2937	860	46	the	the	DET
cblr-2937	860	47	rating	rating	NOUN
cblr-2937	860	48	,	,	PUNCT
cblr-2937	860	49	or	or	CCONJ
cblr-2937	860	50	(	(	PUNCT
cblr-2937	860	51	2	2	X
cblr-2937	860	52	)	)	PUNCT
cblr-2937	860	53	declining	decline	VERB
cblr-2937	860	54	to	to	PART
cblr-2937	860	55	issue	issue	VERB
cblr-2937	860	56	the	the	DET
cblr-2937	860	57	rating	rating	NOUN
cblr-2937	860	58	and	and	CCONJ
cblr-2937	860	59	collecting	collect	VERB
cblr-2937	860	60	nothing	nothing	PRON
cblr-2937	860	61	.	.	PUNCT
cblr-2937	861	1	the	the	DET
cblr-2937	861	2	agency	agency	NOUN
cblr-2937	861	3	is	be	AUX
cblr-2937	861	4	not	not	PART
cblr-2937	861	5	constrained	constrain	VERB
cblr-2937	861	6	by	by	ADP
cblr-2937	861	7	fear	fear	NOUN
cblr-2937	861	8	of	of	ADP
cblr-2937	861	9	losing	lose	VERB
cblr-2937	861	10	reputational	reputational	ADJ
cblr-2937	861	11	capital	capital	NOUN
cblr-2937	861	12	because	because	SCONJ
cblr-2937	861	13	,	,	PUNCT
cblr-2937	861	14	as	as	SCONJ
cblr-2937	861	15	discussed	discuss	VERB
cblr-2937	861	16	in	in	ADP
cblr-2937	861	17	more	more	ADJ
cblr-2937	861	18	detail	detail	NOUN
cblr-2937	861	19	below,'94	below,'94	PROPN
cblr-2937	861	20	its	its	PRON
cblr-2937	861	21	reputation	reputation	NOUN
cblr-2937	861	22	for	for	ADP
cblr-2937	861	23	quality	quality	NOUN
cblr-2937	861	24	rating	rating	NOUN
cblr-2937	861	25	on	on	ADP
cblr-2937	861	26	existing	exist	VERB
cblr-2937	861	27	products	product	NOUN
cblr-2937	861	28	is	be	AUX
cblr-2937	861	29	not	not	PART
cblr-2937	861	30	at	at	ADP
cblr-2937	861	31	risk	risk	NOUN
cblr-2937	861	32	.	.	PUNCT
cblr-2937	862	1	before	before	ADP
cblr-2937	862	2	moving	move	VERB
cblr-2937	862	3	to	to	ADP
cblr-2937	862	4	consideration	consideration	NOUN
cblr-2937	862	5	of	of	ADP
cblr-2937	862	6	multiple	multiple	ADJ
cblr-2937	862	7	periods	period	NOUN
cblr-2937	862	8	,	,	PUNCT
cblr-2937	862	9	it	it	PRON
cblr-2937	862	10	is	be	AUX
cblr-2937	862	11	worth	worth	ADJ
cblr-2937	862	12	pausing	pause	VERB
cblr-2937	862	13	to	to	PART
cblr-2937	862	14	note	note	VERB
cblr-2937	862	15	that	that	SCONJ
cblr-2937	862	16	in	in	ADP
cblr-2937	862	17	the	the	DET
cblr-2937	862	18	important	important	ADJ
cblr-2937	862	19	case	case	NOUN
cblr-2937	862	20	where	where	SCONJ
cblr-2937	862	21	the	the	DET
cblr-2937	862	22	product	product	NOUN
cblr-2937	862	23	market	market	NOUN
cblr-2937	862	24	will	will	AUX
cblr-2937	862	25	not	not	PART
cblr-2937	862	26	develop	develop	VERB
cblr-2937	862	27	absent	absent	ADJ
cblr-2937	862	28	the	the	DET
cblr-2937	862	29	agency	agency	NOUN
cblr-2937	862	30	's	's	PART
cblr-2937	862	31	rating	rating	NOUN
cblr-2937	862	32	,	,	PUNCT
cblr-2937	862	33	the	the	DET
cblr-2937	862	34	one	one	NUM
cblr-2937	862	35	-	-	PUNCT
cblr-2937	862	36	period	period	NOUN
cblr-2937	862	37	analysis	analysis	NOUN
cblr-2937	862	38	is	be	AUX
cblr-2937	862	39	sufficient	sufficient	ADJ
cblr-2937	862	40	.	.	PUNCT
cblr-2937	863	1	if	if	SCONJ
cblr-2937	863	2	the	the	DET
cblr-2937	863	3	agency	agency	NOUN
cblr-2937	863	4	declines	decline	VERB
cblr-2937	863	5	to	to	PART
cblr-2937	863	6	issue	issue	VERB
cblr-2937	863	7	the	the	DET
cblr-2937	863	8	rating	rating	NOUN
cblr-2937	863	9	,	,	PUNCT
cblr-2937	863	10	it	it	PRON
cblr-2937	863	11	will	will	AUX
cblr-2937	863	12	collect	collect	VERB
cblr-2937	863	13	nothing	nothing	PRON
cblr-2937	863	14	in	in	ADP
cblr-2937	863	15	any	any	DET
cblr-2937	863	16	period	period	NOUN
cblr-2937	863	17	because	because	SCONJ
cblr-2937	863	18	the	the	DET
cblr-2937	863	19	market	market	NOUN
cblr-2937	863	20	will	will	AUX
cblr-2937	863	21	not	not	PART
cblr-2937	863	22	develop	develop	VERB
cblr-2937	863	23	.	.	PUNCT
cblr-2937	864	1	there	there	PRON
cblr-2937	864	2	is	be	VERB
cblr-2937	864	3	no	no	DET
cblr-2937	864	4	downside	downside	NOUN
cblr-2937	864	5	to	to	ADP
cblr-2937	864	6	issuing	issue	VERB
cblr-2937	864	7	the	the	DET
cblr-2937	864	8	low	low	ADJ
cblr-2937	864	9	-	-	PUNCT
cblr-2937	864	10	quality	quality	NOUN
cblr-2937	864	11	rating	rating	NOUN
cblr-2937	864	12	.	.	PUNCT
cblr-2937	865	1	this	this	DET
cblr-2937	865	2	case	case	NOUN
cblr-2937	865	3	,	,	PUNCT
cblr-2937	865	4	where	where	SCONJ
cblr-2937	865	5	the	the	DET
cblr-2937	865	6	rating	rating	NOUN
cblr-2937	865	7	agency	agency	NOUN
cblr-2937	865	8	is	be	AUX
cblr-2937	865	9	a	a	DET
cblr-2937	865	10	gatekeeper	gatekeeper	NOUN
cblr-2937	865	11	for	for	ADP
cblr-2937	865	12	the	the	DET
cblr-2937	865	13	product	product	NOUN
cblr-2937	865	14	,	,	PUNCT
cblr-2937	865	15	is	be	AUX
cblr-2937	865	16	discussed	discuss	VERB
cblr-2937	865	17	further	far	ADV
cblr-2937	865	18	below	below	ADV
cblr-2937	865	19	.	.	PUNCT
cblr-2937	866	1	'95	'95	NUM
cblr-2937	866	2	in	in	ADP
cblr-2937	866	3	a	a	DET
cblr-2937	866	4	multiple	multiple	ADJ
cblr-2937	866	5	-	-	PUNCT
cblr-2937	866	6	period	period	NOUN
cblr-2937	866	7	setting	setting	NOUN
cblr-2937	866	8	,	,	PUNCT
cblr-2937	866	9	a	a	DET
cblr-2937	866	10	"	"	PUNCT
cblr-2937	866	11	period	period	NOUN
cblr-2937	866	12	"	"	PUNCT
cblr-2937	866	13	is	be	AUX
cblr-2937	866	14	defined	define	VERB
cblr-2937	866	15	as	as	ADP
cblr-2937	866	16	the	the	DET
cblr-2937	866	17	amount	amount	NOUN
cblr-2937	866	18	of	of	ADP
cblr-2937	866	19	time	time	NOUN
cblr-2937	866	20	needed	need	VERB
cblr-2937	866	21	for	for	SCONJ
cblr-2937	866	22	rating	rating	NOUN
cblr-2937	866	23	quality	quality	NOUN
cblr-2937	866	24	to	to	PART
cblr-2937	866	25	become	become	VERB
cblr-2937	866	26	evident	evident	ADJ
cblr-2937	866	27	,	,	PUNCT
cblr-2937	866	28	the	the	DET
cblr-2937	866	29	rating	rating	NOUN
cblr-2937	866	30	.	.	PUNCT
cblr-2937	867	1	i	i	PRON
cblr-2937	867	2	assume	assume	VERB
cblr-2937	867	3	that	that	SCONJ
cblr-2937	867	4	the	the	DET
cblr-2937	867	5	perceived	perceive	VERB
cblr-2937	867	6	pooled	pool	VERB
cblr-2937	867	7	value	value	NOUN
cblr-2937	867	8	is	be	AUX
cblr-2937	867	9	greater	great	ADJ
cblr-2937	867	10	than	than	ADP
cblr-2937	867	11	zero	zero	NUM
cblr-2937	867	12	-	-	PUNCT
cblr-2937	867	13	that	that	ADV
cblr-2937	867	14	is	be	AUX
cblr-2937	867	15	,	,	PUNCT
cblr-2937	867	16	on	on	ADP
cblr-2937	867	17	average	average	ADJ
cblr-2937	867	18	,	,	PUNCT
cblr-2937	867	19	investors	investor	NOUN
cblr-2937	867	20	perceive	perceive	ADJ
cblr-2937	867	21	rating	rating	NOUN
cblr-2937	867	22	agencies	agency	NOUN
cblr-2937	867	23	are	be	AUX
cblr-2937	867	24	good	good	ADJ
cblr-2937	867	25	enough	enough	ADV
cblr-2937	867	26	at	at	ADP
cblr-2937	867	27	rating	rate	VERB
cblr-2937	867	28	new	new	ADJ
cblr-2937	867	29	products	product	NOUN
cblr-2937	867	30	that	that	SCONJ
cblr-2937	867	31	it	it	PRON
cblr-2937	867	32	is	be	AUX
cblr-2937	867	33	worthwhile	worthwhile	ADJ
cblr-2937	867	34	to	to	PART
cblr-2937	867	35	rely	rely	VERB
cblr-2937	867	36	on	on	ADP
cblr-2937	867	37	their	their	PRON
cblr-2937	867	38	ratings	rating	NOUN
cblr-2937	867	39	.	.	PUNCT
cblr-2937	868	1	i	i	PRON
cblr-2937	868	2	also	also	ADV
cblr-2937	868	3	assume	assume	VERB
cblr-2937	868	4	that	that	SCONJ
cblr-2937	868	5	a	a	DET
cblr-2937	868	6	rating	rating	NOUN
cblr-2937	868	7	agency	agency	NOUN
cblr-2937	868	8	will	will	AUX
cblr-2937	868	9	issue	issue	VERB
cblr-2937	868	10	high	high	ADJ
cblr-2937	868	11	-	-	PUNCT
cblr-2937	868	12	quality	quality	NOUN
cblr-2937	868	13	ratings	rating	NOUN
cblr-2937	868	14	if	if	SCONJ
cblr-2937	868	15	it	it	PRON
cblr-2937	868	16	is	be	AUX
cblr-2937	868	17	able	able	ADJ
cblr-2937	868	18	to	to	PART
cblr-2937	868	19	do	do	VERB
cblr-2937	868	20	so	so	ADV
cblr-2937	868	21	.	.	PUNCT
cblr-2937	868	22	193	193	NUM
cblr-2937	868	23	although	although	SCONJ
cblr-2937	868	24	the	the	DET
cblr-2937	868	25	market	market	NOUN
cblr-2937	868	26	price	price	NOUN
cblr-2937	868	27	need	need	AUX
cblr-2937	868	28	not	not	PART
cblr-2937	868	29	be	be	AUX
cblr-2937	868	30	equal	equal	ADJ
cblr-2937	868	31	to	to	ADP
cblr-2937	868	32	the	the	DET
cblr-2937	868	33	pool	pool	NOUN
cblr-2937	868	34	value	value	NOUN
cblr-2937	868	35	,	,	PUNCT
cblr-2937	868	36	it	it	PRON
cblr-2937	868	37	is	be	AUX
cblr-2937	868	38	assumed	assume	VERB
cblr-2937	868	39	to	to	PART
cblr-2937	868	40	be	be	AUX
cblr-2937	868	41	an	an	DET
cblr-2937	868	42	increasing	increase	VERB
cblr-2937	868	43	function	function	NOUN
cblr-2937	868	44	of	of	ADP
cblr-2937	868	45	the	the	DET
cblr-2937	868	46	pool	pool	NOUN
cblr-2937	868	47	value	value	NOUN
cblr-2937	868	48	,	,	PUNCT
cblr-2937	868	49	that	that	ADV
cblr-2937	868	50	is	is	ADV
cblr-2937	868	51	,	,	PUNCT
cblr-2937	868	52	of	of	ADP
cblr-2937	868	53	perceived	perceive	VERB
cblr-2937	868	54	quality	quality	NOUN
cblr-2937	868	55	.	.	PUNCT
cblr-2937	869	1	194	194	NUM
cblr-2937	869	2	see	see	VERB
cblr-2937	869	3	infra	infra	NOUN
cblr-2937	869	4	part	part	NOUN
cblr-2937	869	5	lv.c.1	lv.c.1	NOUN
cblr-2937	869	6	.	.	PUNCT
cblr-2937	870	1	1	1	NUM
cblr-2937	870	2	see	see	VERB
cblr-2937	870	3	infra	infra	NOUN
cblr-2937	870	4	part	part	NOUN
cblr-2937	870	5	iv.c.3.a	iv.c.3.a	ADV
cblr-2937	870	6	.	.	PUNCT
cblr-2937	871	1	no	no	INTJ
cblr-2937	871	2	.	.	NOUN
cblr-2937	872	1	1	1	NUM
cblr-2937	872	2	:	:	SYM
cblr-2937	872	3	109	109	NUM
cblr-2937	872	4	]	]	PUNCT
cblr-2937	872	5	credit	credit	NOUN
cblr-2937	872	6	ra	ra	PROPN
cblr-2937	872	7	ting	ting	PROPN
cblr-2937	872	8	agencies	agency	NOUN
cblr-2937	872	9	and	and	CCONJ
cblr-2937	872	10	equivalently	equivalently	ADV
cblr-2937	872	11	it	it	PRON
cblr-2937	872	12	is	be	AUX
cblr-2937	872	13	assumed	assume	VERB
cblr-2937	872	14	that	that	SCONJ
cblr-2937	872	15	quality	quality	NOUN
cblr-2937	872	16	is	be	AUX
cblr-2937	872	17	observed	observe	VERB
cblr-2937	872	18	perfectly	perfectly	ADV
cblr-2937	872	19	after	after	ADP
cblr-2937	872	20	one	one	NUM
cblr-2937	872	21	period	period	NOUN
cblr-2937	872	22	.	.	PUNCT
cblr-2937	873	1	as	as	SCONJ
cblr-2937	873	2	noted	note	VERB
cblr-2937	873	3	,	,	PUNCT
cblr-2937	873	4	the	the	DET
cblr-2937	873	5	"	"	PUNCT
cblr-2937	873	6	reputationalcapital	reputationalcapital	ADJ
cblr-2937	873	7	"	"	PUNCT
cblr-2937	873	8	model	model	NOUN
cblr-2937	873	9	assumes	assume	VERB
cblr-2937	873	10	that	that	SCONJ
cblr-2937	873	11	rating	rating	NOUN
cblr-2937	873	12	quality	quality	NOUN
cblr-2937	873	13	does	do	AUX
cblr-2937	873	14	become	become	VERB
cblr-2937	873	15	evident	evident	ADJ
cblr-2937	873	16	and	and	CCONJ
cblr-2937	873	17	can	can	AUX
cblr-2937	873	18	be	be	AUX
cblr-2937	873	19	monitored	monitor	VERB
cblr-2937	873	20	on	on	ADP
cblr-2937	873	21	an	an	DET
cblr-2937	873	22	ex	ex	X
cblr-2937	873	23	post	post	NOUN
cblr-2937	873	24	basis	basis	NOUN
cblr-2937	873	25	.	.	PUNCT
cblr-2937	874	1	the	the	DET
cblr-2937	874	2	length	length	NOUN
cblr-2937	874	3	of	of	ADP
cblr-2937	874	4	a	a	DET
cblr-2937	874	5	period	period	NOUN
cblr-2937	874	6	might	might	AUX
cblr-2937	874	7	be	be	AUX
cblr-2937	874	8	expected	expect	VERB
cblr-2937	874	9	to	to	PART
cblr-2937	874	10	be	be	AUX
cblr-2937	874	11	approximately	approximately	ADV
cblr-2937	874	12	the	the	DET
cblr-2937	874	13	length	length	NOUN
cblr-2937	874	14	of	of	ADP
cblr-2937	874	15	a	a	DET
cblr-2937	874	16	credit	credit	NOUN
cblr-2937	874	17	cycle	cycle	NOUN
cblr-2937	874	18	,	,	PUNCT
cblr-2937	874	19	so	so	SCONJ
cblr-2937	874	20	that	that	SCONJ
cblr-2937	874	21	market	market	NOUN
cblr-2937	874	22	participants	participant	NOUN
cblr-2937	874	23	could	could	AUX
cblr-2937	874	24	observe	observe	VERB
cblr-2937	874	25	the	the	DET
cblr-2937	874	26	performance	performance	NOUN
cblr-2937	874	27	of	of	ADP
cblr-2937	874	28	instruments	instrument	NOUN
cblr-2937	874	29	relative	relative	ADJ
cblr-2937	874	30	to	to	ADP
cblr-2937	874	31	their	their	PRON
cblr-2937	874	32	ratings	rating	NOUN
cblr-2937	874	33	under	under	ADP
cblr-2937	874	34	a	a	DET
cblr-2937	874	35	variety	variety	NOUN
cblr-2937	874	36	of	of	ADP
cblr-2937	874	37	conditions	condition	NOUN
cblr-2937	874	38	.	.	PUNCT
cblr-2937	875	1	reputation	reputation	NOUN
cblr-2937	875	2	fits	fit	VERB
cblr-2937	875	3	naturally	naturally	ADV
cblr-2937	875	4	into	into	ADP
cblr-2937	875	5	this	this	DET
cblr-2937	875	6	analysis	analysis	NOUN
cblr-2937	875	7	.	.	PUNCT
cblr-2937	876	1	if	if	SCONJ
cblr-2937	876	2	an	an	DET
cblr-2937	876	3	agency	agency	NOUN
cblr-2937	876	4	issues	issue	VERB
cblr-2937	876	5	low	low	ADJ
cblr-2937	876	6	-	-	PUNCT
cblr-2937	876	7	quality	quality	NOUN
cblr-2937	876	8	ratings	rating	NOUN
cblr-2937	876	9	,	,	PUNCT
cblr-2937	876	10	it	it	PRON
cblr-2937	876	11	will	will	AUX
cblr-2937	876	12	gain	gain	VERB
cblr-2937	876	13	a	a	DET
cblr-2937	876	14	(	(	PUNCT
cblr-2937	876	15	deserved	deserved	ADJ
cblr-2937	876	16	)	)	PUNCT
cblr-2937	876	17	reputation	reputation	NOUN
cblr-2937	876	18	for	for	ADP
cblr-2937	876	19	low	low	ADJ
cblr-2937	876	20	quality	quality	NOUN
cblr-2937	876	21	after	after	ADP
cblr-2937	876	22	one	one	NUM
cblr-2937	876	23	period	period	NOUN
cblr-2937	876	24	and	and	CCONJ
cblr-2937	876	25	will	will	AUX
cblr-2937	876	26	be	be	AUX
cblr-2937	876	27	able	able	ADJ
cblr-2937	876	28	to	to	PART
cblr-2937	876	29	charge	charge	VERB
cblr-2937	876	30	only	only	ADV
cblr-2937	876	31	v	v	NOUN
cblr-2937	876	32	,	,	PUNCT
cblr-2937	876	33	in	in	ADP
cblr-2937	876	34	subsequent	subsequent	ADJ
cblr-2937	876	35	periods	period	NOUN
cblr-2937	876	36	after	after	SCONJ
cblr-2937	876	37	its	its	PRON
cblr-2937	876	38	quality	quality	NOUN
cblr-2937	876	39	is	be	AUX
cblr-2937	876	40	revealed	reveal	VERB
cblr-2937	876	41	.	.	PUNCT
cblr-2937	877	1	a	a	DET
cblr-2937	877	2	high	high	ADJ
cblr-2937	877	3	-	-	PUNCT
cblr-2937	877	4	quality	quality	NOUN
cblr-2937	877	5	agency	agency	NOUN
cblr-2937	877	6	will	will	AUX
cblr-2937	877	7	gain	gain	VERB
cblr-2937	877	8	a	a	DET
cblr-2937	877	9	reputation	reputation	NOUN
cblr-2937	877	10	for	for	ADP
cblr-2937	877	11	high	high	ADJ
cblr-2937	877	12	quality	quality	NOUN
cblr-2937	877	13	and	and	CCONJ
cblr-2937	877	14	will	will	AUX
cblr-2937	877	15	be	be	AUX
cblr-2937	877	16	able	able	ADJ
cblr-2937	877	17	to	to	PART
cblr-2937	877	18	charge	charge	VERB
cblr-2937	877	19	vh	vh	PROPN
cblr-2937	877	20	.	.	PROPN
cblr-2937	877	21	196	196	NUM
cblr-2937	877	22	thus	thus	ADV
cblr-2937	877	23	,	,	PUNCT
cblr-2937	877	24	a	a	DET
cblr-2937	877	25	reputation	reputation	NOUN
cblr-2937	877	26	for	for	ADP
cblr-2937	877	27	quality	quality	NOUN
cblr-2937	877	28	is	be	AUX
cblr-2937	877	29	valuable	valuable	ADJ
cblr-2937	877	30	.	.	PUNCT
cblr-2937	878	1	even	even	ADV
cblr-2937	878	2	so	so	ADV
cblr-2937	878	3	,	,	PUNCT
cblr-2937	878	4	an	an	DET
cblr-2937	878	5	agency	agency	NOUN
cblr-2937	878	6	that	that	PRON
cblr-2937	878	7	is	be	AUX
cblr-2937	878	8	not	not	PART
cblr-2937	878	9	capable	capable	ADJ
cblr-2937	878	10	of	of	ADP
cblr-2937	878	11	producing	produce	VERB
cblr-2937	878	12	highquality	highquality	NOUN
cblr-2937	878	13	ratings	rating	NOUN
cblr-2937	878	14	(	(	PUNCT
cblr-2937	878	15	for	for	ADP
cblr-2937	878	16	example	example	NOUN
cblr-2937	878	17	,	,	PUNCT
cblr-2937	878	18	because	because	SCONJ
cblr-2937	878	19	it	it	PRON
cblr-2937	878	20	lacks	lack	VERB
cblr-2937	878	21	the	the	DET
cblr-2937	878	22	technology	technology	NOUN
cblr-2937	878	23	to	to	PART
cblr-2937	878	24	do	do	VERB
cblr-2937	878	25	so	so	ADV
cblr-2937	878	26	)	)	PUNCT
cblr-2937	878	27	has	have	VERB
cblr-2937	878	28	no	no	DET
cblr-2937	878	29	reputation	reputation	NOUN
cblr-2937	878	30	-	-	PUNCT
cblr-2937	878	31	based	base	VERB
cblr-2937	878	32	incentive	incentive	NOUN
cblr-2937	878	33	to	to	PART
cblr-2937	878	34	decline	decline	VERB
cblr-2937	878	35	to	to	PART
cblr-2937	878	36	issue	issue	VERB
cblr-2937	878	37	low	low	ADJ
cblr-2937	878	38	-	-	PUNCT
cblr-2937	878	39	quality	quality	NOUN
cblr-2937	878	40	ones	one	NOUN
cblr-2937	878	41	.	.	PUNCT
cblr-2937	879	1	its	its	PRON
cblr-2937	879	2	choice	choice	NOUN
cblr-2937	879	3	is	be	AUX
cblr-2937	879	4	between	between	ADP
cblr-2937	879	5	(	(	PUNCT
cblr-2937	879	6	1	1	X
cblr-2937	879	7	)	)	PUNCT
cblr-2937	879	8	collecting	collect	VERB
cblr-2937	879	9	the	the	DET
cblr-2937	879	10	price	price	NOUN
cblr-2937	879	11	based	base	VERB
cblr-2937	879	12	on	on	ADP
cblr-2937	879	13	the	the	DET
cblr-2937	879	14	pool	pool	NOUN
cblr-2937	879	15	value	value	NOUN
cblr-2937	879	16	for	for	ADP
cblr-2937	879	17	one	one	NUM
cblr-2937	879	18	period	period	NOUN
cblr-2937	879	19	and	and	CCONJ
cblr-2937	879	20	collecting	collect	VERB
cblr-2937	879	21	some	some	DET
cblr-2937	879	22	lesser	less	ADJ
cblr-2937	879	23	amount	amount	NOUN
cblr-2937	879	24	,	,	PUNCT
cblr-2937	879	25	possibly	possibly	ADV
cblr-2937	879	26	as	as	ADV
cblr-2937	879	27	little	little	ADJ
cblr-2937	879	28	as	as	ADP
cblr-2937	879	29	zero	zero	NUM
cblr-2937	879	30	,	,	PUNCT
cblr-2937	879	31	in	in	ADP
cblr-2937	879	32	future	future	ADJ
cblr-2937	879	33	periods	period	NOUN
cblr-2937	879	34	,	,	PUNCT
cblr-2937	879	35	and	and	CCONJ
cblr-2937	879	36	(	(	PUNCT
cblr-2937	879	37	2	2	X
cblr-2937	879	38	)	)	PUNCT
cblr-2937	879	39	collecting	collect	VERB
cblr-2937	879	40	zero	zero	NUM
cblr-2937	879	41	.	.	PUNCT
cblr-2937	880	1	as	as	SCONJ
cblr-2937	880	2	the	the	DET
cblr-2937	880	3	first	first	ADJ
cblr-2937	880	4	choice	choice	NOUN
cblr-2937	880	5	is	be	AUX
cblr-2937	880	6	always	always	ADV
cblr-2937	880	7	superior	superior	ADJ
cblr-2937	880	8	to	to	ADP
cblr-2937	880	9	the	the	DET
cblr-2937	880	10	second	second	ADJ
cblr-2937	880	11	,	,	PUNCT
cblr-2937	880	12	the	the	DET
cblr-2937	880	13	agency	agency	NOUN
cblr-2937	880	14	will	will	AUX
cblr-2937	880	15	produce	produce	VERB
cblr-2937	880	16	low	low	ADJ
cblr-2937	880	17	-	-	PUNCT
cblr-2937	880	18	quality	quality	NOUN
cblr-2937	880	19	ratings	rating	NOUN
cblr-2937	880	20	.	.	PUNCT
cblr-2937	881	1	reputation	reputation	NOUN
cblr-2937	881	2	does	do	AUX
cblr-2937	881	3	not	not	PART
cblr-2937	881	4	deter	deter	VERB
cblr-2937	881	5	the	the	DET
cblr-2937	881	6	agency	agency	NOUN
cblr-2937	881	7	from	from	ADP
cblr-2937	881	8	issuing	issue	VERB
cblr-2937	881	9	low	low	ADJ
cblr-2937	881	10	-	-	PUNCT
cblr-2937	881	11	quality	quality	NOUN
cblr-2937	881	12	ratings	rating	NOUN
cblr-2937	881	13	.	.	PUNCT
cblr-2937	882	1	197	197	NUM
cblr-2937	882	2	'	'	PUNCT
cblr-2937	882	3	this	this	PRON
cblr-2937	882	4	can	can	AUX
cblr-2937	882	5	be	be	AUX
cblr-2937	882	6	interpreted	interpret	VERB
cblr-2937	882	7	as	as	ADP
cblr-2937	882	8	consumer	consumer	NOUN
cblr-2937	882	9	belief	belief	NOUN
cblr-2937	882	10	that	that	SCONJ
cblr-2937	882	11	agency	agency	NOUN
cblr-2937	882	12	type	type	NOUN
cblr-2937	882	13	(	(	PUNCT
cblr-2937	882	14	highor	highor	NOUN
cblr-2937	882	15	low	low	ADJ
cblr-2937	882	16	-	-	PUNCT
cblr-2937	882	17	quality	quality	NOUN
cblr-2937	882	18	)	)	PUNCT
cblr-2937	882	19	is	be	AUX
cblr-2937	882	20	immutable	immutable	ADJ
cblr-2937	882	21	,	,	PUNCT
cblr-2937	882	22	which	which	PRON
cblr-2937	882	23	implies	imply	VERB
cblr-2937	882	24	that	that	SCONJ
cblr-2937	882	25	an	an	DET
cblr-2937	882	26	agency	agency	NOUN
cblr-2937	882	27	that	that	PRON
cblr-2937	882	28	has	have	AUX
cblr-2937	882	29	issued	issue	VERB
cblr-2937	882	30	low	low	ADJ
cblr-2937	882	31	-	-	PUNCT
cblr-2937	882	32	quality	quality	NOUN
cblr-2937	882	33	ratings	rating	NOUN
cblr-2937	882	34	in	in	ADP
cblr-2937	882	35	a	a	DET
cblr-2937	882	36	segment	segment	NOUN
cblr-2937	882	37	can	can	AUX
cblr-2937	882	38	not	not	PART
cblr-2937	882	39	learn	learn	VERB
cblr-2937	882	40	to	to	PART
cblr-2937	882	41	issue	issue	VERB
cblr-2937	882	42	high	high	ADJ
cblr-2937	882	43	-	-	PUNCT
cblr-2937	882	44	quality	quality	NOUN
cblr-2937	882	45	ratings	rating	NOUN
cblr-2937	882	46	in	in	ADP
cblr-2937	882	47	that	that	DET
cblr-2937	882	48	segment	segment	NOUN
cblr-2937	882	49	.	.	PUNCT
cblr-2937	883	1	although	although	SCONJ
cblr-2937	883	2	that	that	DET
cblr-2937	883	3	assumption	assumption	NOUN
cblr-2937	883	4	may	may	AUX
cblr-2937	883	5	be	be	AUX
cblr-2937	883	6	questioned	question	VERB
cblr-2937	883	7	,	,	PUNCT
cblr-2937	883	8	note	note	VERB
cblr-2937	883	9	that	that	SCONJ
cblr-2937	883	10	if	if	SCONJ
cblr-2937	883	11	it	it	PRON
cblr-2937	883	12	is	be	AUX
cblr-2937	883	13	assumed	assume	VERB
cblr-2937	883	14	(	(	PUNCT
cblr-2937	883	15	1	1	NUM
cblr-2937	883	16	)	)	PUNCT
cblr-2937	883	17	that	that	SCONJ
cblr-2937	883	18	a	a	DET
cblr-2937	883	19	low	low	ADJ
cblr-2937	883	20	-	-	PUNCT
cblr-2937	883	21	quality	quality	NOUN
cblr-2937	883	22	agency	agency	NOUN
cblr-2937	883	23	can	can	AUX
cblr-2937	883	24	learn	learn	VERB
cblr-2937	883	25	to	to	PART
cblr-2937	883	26	produce	produce	VERB
cblr-2937	883	27	with	with	ADP
cblr-2937	883	28	high	high	ADJ
cblr-2937	883	29	quality	quality	NOUN
cblr-2937	883	30	and	and	CCONJ
cblr-2937	883	31	(	(	PUNCT
cblr-2937	883	32	2	2	NUM
cblr-2937	883	33	)	)	PUNCT
cblr-2937	883	34	that	that	SCONJ
cblr-2937	883	35	consumers	consumer	NOUN
cblr-2937	883	36	are	be	AUX
cblr-2937	883	37	aware	aware	ADJ
cblr-2937	883	38	of	of	ADP
cblr-2937	883	39	this	this	PRON
cblr-2937	883	40	,	,	PUNCT
cblr-2937	883	41	then	then	ADV
cblr-2937	883	42	the	the	DET
cblr-2937	883	43	reputational	reputational	ADJ
cblr-2937	883	44	loss	loss	NOUN
cblr-2937	883	45	from	from	ADP
cblr-2937	883	46	low	low	ADJ
cblr-2937	883	47	-	-	PUNCT
cblr-2937	883	48	quality	quality	NOUN
cblr-2937	883	49	production	production	NOUN
cblr-2937	883	50	is	be	AUX
cblr-2937	883	51	even	even	ADV
cblr-2937	883	52	smaller	small	ADJ
cblr-2937	883	53	and	and	CCONJ
cblr-2937	883	54	the	the	DET
cblr-2937	883	55	reputational	reputational	ADJ
cblr-2937	883	56	constraint	constraint	NOUN
cblr-2937	883	57	on	on	ADP
cblr-2937	883	58	low	low	ADJ
cblr-2937	883	59	-	-	PUNCT
cblr-2937	883	60	quality	quality	NOUN
cblr-2937	883	61	production	production	NOUN
cblr-2937	883	62	is	be	AUX
cblr-2937	883	63	even	even	ADV
cblr-2937	883	64	weaker	weak	ADJ
cblr-2937	883	65	.	.	PUNCT
cblr-2937	884	1	"	"	PUNCT
cblr-2937	884	2	'	'	PUNCT
cblr-2937	884	3	further	further	ADJ
cblr-2937	884	4	considerations	consideration	NOUN
cblr-2937	884	5	relevant	relevant	ADJ
cblr-2937	884	6	to	to	ADP
cblr-2937	884	7	the	the	DET
cblr-2937	884	8	multiple	multiple	ADJ
cblr-2937	884	9	-	-	PUNCT
cblr-2937	884	10	period	period	NOUN
cblr-2937	884	11	case	case	NOUN
cblr-2937	884	12	are	be	AUX
cblr-2937	884	13	discussed	discuss	VERB
cblr-2937	884	14	infra	infra	NOUN
cblr-2937	884	15	,	,	PUNCT
cblr-2937	884	16	at	at	ADP
cblr-2937	884	17	part	part	NOUN
cblr-2937	884	18	iv.c.3	iv.c.3	NOUN
cblr-2937	884	19	.	.	PUNCT
cblr-2937	885	1	columiab	columiab	PROPN
cblr-2937	885	2	business	business	PROPN
cblr-2937	885	3	la	la	PROPN
cblr-2937	885	4	w	w	PROPN
cblr-2937	885	5	re	re	PROPN
cblr-2937	885	6	vie	vie	PROPN
cblr-2937	885	7	w	w	PROPN
cblr-2937	886	1	[	[	X
cblr-2937	886	2	vol	vol	NOUN
cblr-2937	886	3	.	.	NOUN
cblr-2937	886	4	2009	2009	NUM
cblr-2937	886	5	credit	credit	NOUN
cblr-2937	886	6	rating	rating	NOUN
cblr-2937	886	7	agencies	agency	NOUN
cblr-2937	886	8	2	2	NUM
cblr-2937	886	9	.	.	PUNCT
cblr-2937	887	1	the	the	DET
cblr-2937	887	2	conclusion	conclusion	NOUN
cblr-2937	887	3	that	that	SCONJ
cblr-2937	887	4	reputation	reputation	NOUN
cblr-2937	887	5	is	be	AUX
cblr-2937	887	6	likely	likely	ADJ
cblr-2937	887	7	to	to	PART
cblr-2937	887	8	be	be	AUX
cblr-2937	887	9	ineffective	ineffective	ADJ
cblr-2937	887	10	holds	hold	NOUN
cblr-2937	887	11	even	even	ADV
cblr-2937	887	12	if	if	SCONJ
cblr-2937	887	13	the	the	DET
cblr-2937	887	14	problems	problem	NOUN
cblr-2937	887	15	policymakers	policymaker	NOUN
cblr-2937	887	16	are	be	AUX
cblr-2937	887	17	addressing	address	VERB
cblr-2937	887	18	are	be	AUX
cblr-2937	887	19	solved	solve	VERB
cblr-2937	887	20	the	the	DET
cblr-2937	887	21	argument	argument	NOUN
cblr-2937	887	22	presented	present	VERB
cblr-2937	887	23	above	above	ADV
cblr-2937	887	24	does	do	AUX
cblr-2937	887	25	not	not	PART
cblr-2937	887	26	rely	rely	VERB
cblr-2937	887	27	on	on	ADP
cblr-2937	887	28	the	the	DET
cblr-2937	887	29	presence	presence	NOUN
cblr-2937	887	30	of	of	ADP
cblr-2937	887	31	any	any	PRON
cblr-2937	887	32	of	of	ADP
cblr-2937	887	33	the	the	DET
cblr-2937	887	34	potential	potential	ADJ
cblr-2937	887	35	problems	problem	NOUN
cblr-2937	887	36	discussed	discuss	VERB
cblr-2937	887	37	in	in	ADP
cblr-2937	887	38	part	part	NOUN
cblr-2937	887	39	ii.b	ii.b	NOUN
cblr-2937	887	40	.	.	PUNCT
cblr-2937	888	1	and	and	CCONJ
cblr-2937	888	2	therefore	therefore	ADV
cblr-2937	888	3	does	do	AUX
cblr-2937	888	4	not	not	PART
cblr-2937	888	5	fail	fail	VERB
cblr-2937	888	6	in	in	ADP
cblr-2937	888	7	their	their	PRON
cblr-2937	888	8	absence.198	absence.198	NOUN
cblr-2937	888	9	each	each	PRON
cblr-2937	888	10	of	of	ADP
cblr-2937	888	11	those	those	DET
cblr-2937	888	12	problems	problem	NOUN
cblr-2937	888	13	is	be	AUX
cblr-2937	888	14	discussed	discuss	VERB
cblr-2937	888	15	in	in	ADP
cblr-2937	888	16	turn	turn	NOUN
cblr-2937	888	17	.	.	PUNCT
cblr-2937	889	1	a.	a.	NOUN
cblr-2937	889	2	competition	competition	NOUN
cblr-2937	889	3	the	the	DET
cblr-2937	889	4	conclusion	conclusion	NOUN
cblr-2937	889	5	does	do	AUX
cblr-2937	889	6	not	not	PART
cblr-2937	889	7	rely	rely	VERB
cblr-2937	889	8	on	on	ADP
cblr-2937	889	9	the	the	DET
cblr-2937	889	10	absence	absence	NOUN
cblr-2937	889	11	of	of	ADP
cblr-2937	889	12	competition	competition	NOUN
cblr-2937	889	13	.	.	PUNCT
cblr-2937	890	1	if	if	SCONJ
cblr-2937	890	2	there	there	PRON
cblr-2937	890	3	are	be	VERB
cblr-2937	890	4	more	more	ADJ
cblr-2937	890	5	competitors	competitor	NOUN
cblr-2937	890	6	,	,	PUNCT
cblr-2937	890	7	then	then	ADV
cblr-2937	890	8	the	the	DET
cblr-2937	890	9	probability	probability	NOUN
cblr-2937	890	10	that	that	SCONJ
cblr-2937	890	11	at	at	ADV
cblr-2937	890	12	least	least	ADJ
cblr-2937	890	13	one	one	NUM
cblr-2937	890	14	of	of	ADP
cblr-2937	890	15	them	they	PRON
cblr-2937	890	16	will	will	AUX
cblr-2937	890	17	produce	produce	VERB
cblr-2937	890	18	highquality	highquality	NOUN
cblr-2937	890	19	ratings	rating	NOUN
cblr-2937	890	20	is	be	AUX
cblr-2937	890	21	higher	high	ADJ
cblr-2937	890	22	.	.	PUNCT
cblr-2937	891	1	that	that	PRON
cblr-2937	891	2	benefits	benefit	VERB
cblr-2937	891	3	investors	investor	NOUN
cblr-2937	891	4	,	,	PUNCT
cblr-2937	891	5	but	but	CCONJ
cblr-2937	891	6	does	do	AUX
cblr-2937	891	7	not	not	PART
cblr-2937	891	8	affect	affect	VERB
cblr-2937	891	9	the	the	DET
cblr-2937	891	10	incentives	incentive	NOUN
cblr-2937	891	11	of	of	ADP
cblr-2937	891	12	a	a	DET
cblr-2937	891	13	low	low	ADJ
cblr-2937	891	14	-	-	PUNCT
cblr-2937	891	15	quality	quality	NOUN
cblr-2937	891	16	agency	agency	NOUN
cblr-2937	891	17	to	to	PART
cblr-2937	891	18	issue	issue	VERB
cblr-2937	891	19	ratings	rating	NOUN
cblr-2937	891	20	.	.	PUNCT
cblr-2937	892	1	the	the	DET
cblr-2937	892	2	dynamics	dynamic	NOUN
cblr-2937	892	3	of	of	ADP
cblr-2937	892	4	competition	competition	NOUN
cblr-2937	892	5	also	also	ADV
cblr-2937	892	6	would	would	AUX
cblr-2937	892	7	be	be	AUX
cblr-2937	892	8	expected	expect	VERB
cblr-2937	892	9	to	to	PART
cblr-2937	892	10	affect	affect	VERB
cblr-2937	892	11	the	the	DET
cblr-2937	892	12	price	price	NOUN
cblr-2937	892	13	level	level	NOUN
cblr-2937	892	14	,	,	PUNCT
cblr-2937	892	15	9	9	NUM
cblr-2937	892	16	9	9	NUM
cblr-2937	892	17	but	but	CCONJ
cblr-2937	892	18	not	not	PART
cblr-2937	892	19	the	the	DET
cblr-2937	892	20	basic	basic	ADJ
cblr-2937	892	21	conclusion	conclusion	NOUN
cblr-2937	892	22	that	that	SCONJ
cblr-2937	892	23	198	198	NUM
cblr-2937	892	24	jeffrey	jeffrey	PROPN
cblr-2937	892	25	manns	manns	PROPN
cblr-2937	892	26	makes	make	VERB
cblr-2937	892	27	a	a	DET
cblr-2937	892	28	well	well	ADV
cblr-2937	892	29	-	-	PUNCT
cblr-2937	892	30	reasoned	reason	VERB
cblr-2937	892	31	argument	argument	NOUN
cblr-2937	892	32	that	that	SCONJ
cblr-2937	892	33	rating	rating	NOUN
cblr-2937	892	34	agencies	agency	NOUN
cblr-2937	892	35	are	be	AUX
cblr-2937	892	36	not	not	PART
cblr-2937	892	37	constrained	constrain	VERB
cblr-2937	892	38	from	from	ADP
cblr-2937	892	39	issuing	issue	VERB
cblr-2937	892	40	poor	poor	ADJ
cblr-2937	892	41	-	-	PUNCT
cblr-2937	892	42	quality	quality	NOUN
cblr-2937	892	43	ratings	rating	NOUN
cblr-2937	892	44	because	because	SCONJ
cblr-2937	892	45	they	they	PRON
cblr-2937	892	46	are	be	AUX
cblr-2937	892	47	not	not	PART
cblr-2937	892	48	subject	subject	ADJ
cblr-2937	892	49	to	to	ADP
cblr-2937	892	50	reputational	reputational	ADJ
cblr-2937	892	51	constraints	constraint	NOUN
cblr-2937	892	52	,	,	PUNCT
cblr-2937	892	53	possess	possess	NOUN
cblr-2937	892	54	market	market	NOUN
cblr-2937	892	55	power	power	NOUN
cblr-2937	892	56	,	,	PUNCT
cblr-2937	892	57	face	face	VERB
cblr-2937	892	58	conflicts	conflict	NOUN
cblr-2937	892	59	of	of	ADP
cblr-2937	892	60	interest	interest	NOUN
cblr-2937	892	61	,	,	PUNCT
cblr-2937	892	62	can	can	AUX
cblr-2937	892	63	issue	issue	VERB
cblr-2937	892	64	unsolicited	unsolicited	ADJ
cblr-2937	892	65	ratings	rating	NOUN
cblr-2937	892	66	,	,	PUNCT
cblr-2937	892	67	and	and	CCONJ
cblr-2937	892	68	do	do	AUX
cblr-2937	892	69	not	not	PART
cblr-2937	892	70	face	face	VERB
cblr-2937	892	71	liability	liability	NOUN
cblr-2937	892	72	.	.	PUNCT
cblr-2937	893	1	see	see	VERB
cblr-2937	893	2	manns	manns	PROPN
cblr-2937	893	3	,	,	PUNCT
cblr-2937	893	4	supra	supra	PROPN
cblr-2937	893	5	note	note	NOUN
cblr-2937	893	6	161	161	NUM
cblr-2937	893	7	,	,	PUNCT
cblr-2937	893	8	at	at	ADP
cblr-2937	893	9	35	35	NUM
cblr-2937	893	10	-	-	SYM
cblr-2937	893	11	43	43	NUM
cblr-2937	893	12	.	.	PUNCT
cblr-2937	894	1	he	he	PRON
cblr-2937	894	2	argues	argue	VERB
cblr-2937	894	3	that	that	SCONJ
cblr-2937	894	4	agencies	agency	NOUN
cblr-2937	894	5	are	be	AUX
cblr-2937	894	6	not	not	PART
cblr-2937	894	7	subject	subject	ADJ
cblr-2937	894	8	to	to	ADP
cblr-2937	894	9	reputational	reputational	ADJ
cblr-2937	894	10	constraints	constraint	NOUN
cblr-2937	894	11	because	because	SCONJ
cblr-2937	894	12	of	of	ADP
cblr-2937	894	13	market	market	NOUN
cblr-2937	894	14	psychology	psychology	NOUN
cblr-2937	894	15	,	,	PUNCT
cblr-2937	894	16	imperfect	imperfect	ADJ
cblr-2937	894	17	ex	ex	PRON
cblr-2937	894	18	post	post	NOUN
cblr-2937	894	19	observation	observation	NOUN
cblr-2937	894	20	of	of	ADP
cblr-2937	894	21	rating	rating	NOUN
cblr-2937	894	22	quality	quality	NOUN
cblr-2937	894	23	,	,	PUNCT
cblr-2937	894	24	and	and	CCONJ
cblr-2937	894	25	the	the	DET
cblr-2937	894	26	agencies	agency	NOUN
cblr-2937	894	27	'	'	PART
cblr-2937	894	28	status	status	NOUN
cblr-2937	894	29	as	as	ADP
cblr-2937	894	30	gatekeepers	gatekeeper	NOUN
cblr-2937	894	31	.	.	PUNCT
cblr-2937	895	1	i	i	PRON
cblr-2937	895	2	d.	d.	PROPN
cblr-2937	895	3	at	at	ADP
cblr-2937	895	4	35	35	NUM
cblr-2937	895	5	-	-	SYM
cblr-2937	895	6	37	37	NUM
cblr-2937	895	7	.	.	PUNCT
cblr-2937	896	1	although	although	SCONJ
cblr-2937	896	2	manns	manns	PROPN
cblr-2937	896	3	argues	argue	VERB
cblr-2937	896	4	that	that	SCONJ
cblr-2937	896	5	the	the	DET
cblr-2937	896	6	problems	problem	NOUN
cblr-2937	896	7	of	of	ADP
cblr-2937	896	8	market	market	NOUN
cblr-2937	896	9	power	power	NOUN
cblr-2937	896	10	or	or	CCONJ
cblr-2937	896	11	conflicts	conflict	NOUN
cblr-2937	896	12	of	of	ADP
cblr-2937	896	13	interest	interest	NOUN
cblr-2937	896	14	will	will	AUX
cblr-2937	896	15	not	not	PART
cblr-2937	896	16	be	be	AUX
cblr-2937	896	17	solved	solve	VERB
cblr-2937	896	18	by	by	ADP
cblr-2937	896	19	current	current	ADJ
cblr-2937	896	20	initiatives	initiative	NOUN
cblr-2937	896	21	,	,	PUNCT
cblr-2937	896	22	i	i	PRON
cblr-2937	896	23	d.	d.	VERB
cblr-2937	896	24	at	at	ADP
cblr-2937	896	25	37	37	NUM
cblr-2937	896	26	-	-	SYM
cblr-2937	896	27	40	40	NUM
cblr-2937	896	28	,	,	PUNCT
cblr-2937	896	29	he	he	PRON
cblr-2937	896	30	does	do	AUX
cblr-2937	896	31	not	not	PART
cblr-2937	896	32	address	address	VERB
cblr-2937	896	33	whether	whether	SCONJ
cblr-2937	896	34	there	there	PRON
cblr-2937	896	35	is	be	VERB
cblr-2937	896	36	a	a	DET
cblr-2937	896	37	problem	problem	NOUN
cblr-2937	896	38	with	with	ADP
cblr-2937	896	39	rating	rating	NOUN
cblr-2937	896	40	agencies	agency	NOUN
cblr-2937	896	41	that	that	PRON
cblr-2937	896	42	exists	exist	VERB
cblr-2937	896	43	even	even	ADV
cblr-2937	896	44	if	if	SCONJ
cblr-2937	896	45	these	these	DET
cblr-2937	896	46	problems	problem	NOUN
cblr-2937	896	47	are	be	AUX
cblr-2937	896	48	resolved	resolve	VERB
cblr-2937	896	49	,	,	PUNCT
cblr-2937	896	50	as	as	SCONJ
cblr-2937	896	51	this	this	DET
cblr-2937	896	52	article	article	NOUN
cblr-2937	896	53	endeavors	endeavor	VERB
cblr-2937	896	54	to	to	PART
cblr-2937	896	55	do	do	VERB
cblr-2937	896	56	.	.	PUNCT
cblr-2937	897	1	indeed	indeed	ADV
cblr-2937	897	2	,	,	PUNCT
cblr-2937	897	3	it	it	PRON
cblr-2937	897	4	appears	appear	VERB
cblr-2937	897	5	that	that	SCONJ
cblr-2937	897	6	the	the	DET
cblr-2937	897	7	fundamental	fundamental	ADJ
cblr-2937	897	8	problem	problem	NOUN
cblr-2937	897	9	with	with	ADP
cblr-2937	897	10	rating	rating	NOUN
cblr-2937	897	11	agencies	agency	NOUN
cblr-2937	897	12	that	that	PRON
cblr-2937	897	13	he	he	PRON
cblr-2937	897	14	identifies	identify	VERB
cblr-2937	897	15	-	-	PUNCT
cblr-2937	897	16	temptation	temptation	NOUN
cblr-2937	897	17	to	to	PART
cblr-2937	897	18	do	do	AUX
cblr-2937	897	19	the	the	DET
cblr-2937	897	20	bidding	bidding	NOUN
cblr-2937	897	21	of	of	ADP
cblr-2937	897	22	the	the	DET
cblr-2937	897	23	issuers	issuer	NOUN
cblr-2937	897	24	or	or	CCONJ
cblr-2937	897	25	arrangers	arranger	NOUN
cblr-2937	897	26	that	that	PRON
cblr-2937	897	27	are	be	AUX
cblr-2937	897	28	their	their	PRON
cblr-2937	897	29	clients	client	NOUN
cblr-2937	897	30	-	-	PUNCT
cblr-2937	897	31	arises	arise	VERB
cblr-2937	897	32	from	from	ADP
cblr-2937	897	33	the	the	DET
cblr-2937	897	34	issuer	issuer	NOUN
cblr-2937	897	35	-	-	PUNCT
cblr-2937	897	36	pays	pay	NOUN
cblr-2937	897	37	model	model	NOUN
cblr-2937	897	38	.	.	PUNCT
cblr-2937	898	1	i	i	PRON
cblr-2937	898	2	d.	d.	PROPN
cblr-2937	898	3	at	at	ADP
cblr-2937	898	4	9	9	NUM
cblr-2937	898	5	-	-	SYM
cblr-2937	898	6	11	11	NUM
cblr-2937	898	7	.	.	PUNCT
cblr-2937	899	1	the	the	DET
cblr-2937	899	2	argument	argument	NOUN
cblr-2937	899	3	for	for	ADP
cblr-2937	899	4	failure	failure	NOUN
cblr-2937	899	5	of	of	ADP
cblr-2937	899	6	reputation	reputation	NOUN
cblr-2937	899	7	here	here	ADV
cblr-2937	899	8	is	be	AUX
cblr-2937	899	9	more	more	ADV
cblr-2937	899	10	general	general	ADJ
cblr-2937	899	11	and	and	CCONJ
cblr-2937	899	12	does	do	AUX
cblr-2937	899	13	not	not	PART
cblr-2937	899	14	depend	depend	VERB
cblr-2937	899	15	on	on	ADP
cblr-2937	899	16	any	any	PRON
cblr-2937	899	17	of	of	ADP
cblr-2937	899	18	the	the	DET
cblr-2937	899	19	characteristics	characteristic	NOUN
cblr-2937	899	20	manns	manns	PROPN
cblr-2937	899	21	asserts	assert	VERB
cblr-2937	899	22	:	:	PUNCT
cblr-2937	899	23	actors	actor	NOUN
cblr-2937	899	24	are	be	AUX
cblr-2937	899	25	assumed	assume	VERB
cblr-2937	899	26	to	to	PART
cblr-2937	899	27	be	be	AUX
cblr-2937	899	28	rational	rational	ADJ
cblr-2937	899	29	and	and	CCONJ
cblr-2937	899	30	risk	risk	NOUN
cblr-2937	899	31	-	-	PUNCT
cblr-2937	899	32	neutral	neutral	ADJ
cblr-2937	899	33	,	,	PUNCT
cblr-2937	899	34	rating	rating	NOUN
cblr-2937	899	35	quality	quality	NOUN
cblr-2937	899	36	is	be	AUX
cblr-2937	899	37	observed	observe	VERB
cblr-2937	899	38	perfectly	perfectly	ADV
cblr-2937	899	39	ex	ex	X
cblr-2937	899	40	post	post	NOUN
cblr-2937	899	41	,	,	PUNCT
cblr-2937	899	42	there	there	PRON
cblr-2937	899	43	are	be	VERB
cblr-2937	899	44	no	no	DET
cblr-2937	899	45	assumed	assumed	ADJ
cblr-2937	899	46	conflicts	conflict	NOUN
cblr-2937	899	47	of	of	ADP
cblr-2937	899	48	interest	interest	NOUN
cblr-2937	899	49	,	,	PUNCT
cblr-2937	899	50	and	and	CCONJ
cblr-2937	899	51	agencies	agency	NOUN
cblr-2937	899	52	need	need	AUX
cblr-2937	899	53	not	not	PART
cblr-2937	899	54	be	be	AUX
cblr-2937	899	55	gatekeepers	gatekeeper	NOUN
cblr-2937	899	56	(	(	PUNCT
cblr-2937	899	57	although	although	SCONJ
cblr-2937	899	58	the	the	DET
cblr-2937	899	59	case	case	NOUN
cblr-2937	899	60	where	where	SCONJ
cblr-2937	899	61	they	they	PRON
cblr-2937	899	62	are	be	AUX
cblr-2937	899	63	gatekeepers	gatekeeper	NOUN
cblr-2937	899	64	is	be	AUX
cblr-2937	899	65	important	important	ADJ
cblr-2937	899	66	)	)	PUNCT
cblr-2937	899	67	.	.	PUNCT
cblr-2937	900	1	conversely	conversely	ADV
cblr-2937	900	2	,	,	PUNCT
cblr-2937	900	3	manns	manns	PROPN
cblr-2937	900	4	does	do	AUX
cblr-2937	900	5	not	not	PART
cblr-2937	900	6	address	address	VERB
cblr-2937	900	7	the	the	DET
cblr-2937	900	8	reasons	reason	NOUN
cblr-2937	900	9	for	for	ADP
cblr-2937	900	10	reputational	reputational	ADJ
cblr-2937	900	11	failure	failure	NOUN
cblr-2937	900	12	that	that	PRON
cblr-2937	900	13	are	be	AUX
cblr-2937	900	14	advanced	advanced	ADJ
cblr-2937	900	15	here	here	ADV
cblr-2937	900	16	.	.	PUNCT
cblr-2937	900	17	"	"	PUNCT
cblr-2937	901	1	in	in	ADP
cblr-2937	901	2	the	the	DET
cblr-2937	901	3	extreme	extreme	ADJ
cblr-2937	901	4	case	case	NOUN
cblr-2937	901	5	of	of	ADP
cblr-2937	901	6	classic	classic	ADJ
cblr-2937	901	7	,	,	PUNCT
cblr-2937	901	8	atomistic	atomistic	ADJ
cblr-2937	901	9	perfect	perfect	ADJ
cblr-2937	901	10	competition	competition	NOUN
cblr-2937	901	11	,	,	PUNCT
cblr-2937	901	12	price	price	NOUN
cblr-2937	901	13	would	would	AUX
cblr-2937	901	14	be	be	AUX
cblr-2937	901	15	driven	drive	VERB
cblr-2937	901	16	down	down	ADP
cblr-2937	901	17	to	to	ADP
cblr-2937	901	18	cost	cost	NOUN
cblr-2937	901	19	(	(	PUNCT
cblr-2937	901	20	here	here	ADV
cblr-2937	901	21	,	,	PUNCT
cblr-2937	901	22	zero	zero	NUM
cblr-2937	901	23	)	)	PUNCT
cblr-2937	901	24	.	.	PUNCT
cblr-2937	902	1	in	in	ADP
cblr-2937	902	2	that	that	DET
cblr-2937	902	3	case	case	NOUN
cblr-2937	902	4	,	,	PUNCT
cblr-2937	902	5	agencies	agency	NOUN
cblr-2937	902	6	can	can	AUX
cblr-2937	902	7	not	not	PART
cblr-2937	902	8	appropriate	appropriate	VERB
cblr-2937	902	9	any	any	DET
cblr-2937	902	10	benefits	benefit	NOUN
cblr-2937	902	11	from	from	ADP
cblr-2937	902	12	a	a	DET
cblr-2937	902	13	high	high	ADJ
cblr-2937	902	14	reputation	reputation	NOUN
cblr-2937	902	15	because	because	SCONJ
cblr-2937	902	16	price	price	NOUN
cblr-2937	902	17	is	be	AUX
cblr-2937	902	18	always	always	ADV
cblr-2937	902	19	no	no	INTJ
cblr-2937	902	20	.	.	NOUN
cblr-2937	903	1	1	1	NUM
cblr-2937	903	2	:	:	SYM
cblr-2937	903	3	109	109	NUM
cblr-2937	903	4	]	]	PUNCT
cblr-2937	903	5	columbia	columbia	PROPN
cblr-2937	903	6	business	business	PROPN
cblr-2937	903	7	la	la	PROPN
cblr-2937	903	8	w	w	PROPN
cblr-2937	903	9	re	re	AUX
cblr-2937	903	10	view	view	VERB
cblr-2937	903	11	the	the	DET
cblr-2937	903	12	low	low	ADJ
cblr-2937	903	13	-	-	PUNCT
cblr-2937	903	14	quality	quality	NOUN
cblr-2937	903	15	agency	agency	NOUN
cblr-2937	903	16	gets	get	VERB
cblr-2937	903	17	some	some	DET
cblr-2937	903	18	revenue	revenue	NOUN
cblr-2937	903	19	if	if	SCONJ
cblr-2937	903	20	it	it	PRON
cblr-2937	903	21	issues	issue	VERB
cblr-2937	903	22	lowquality	lowquality	NOUN
cblr-2937	903	23	ratings	rating	NOUN
cblr-2937	903	24	and	and	CCONJ
cblr-2937	903	25	nothing	nothing	PRON
cblr-2937	903	26	if	if	SCONJ
cblr-2937	903	27	it	it	PRON
cblr-2937	903	28	refrains	refrain	VERB
cblr-2937	903	29	from	from	ADP
cblr-2937	903	30	doing	do	VERB
cblr-2937	903	31	so	so	ADV
cblr-2937	903	32	.	.	PUNCT
cblr-2937	904	1	b.	b.	PROPN
cblr-2937	904	2	transparency	transparency	NOUN
cblr-2937	904	3	the	the	DET
cblr-2937	904	4	argument	argument	NOUN
cblr-2937	904	5	is	be	AUX
cblr-2937	904	6	not	not	PART
cblr-2937	904	7	based	base	VERB
cblr-2937	904	8	on	on	ADP
cblr-2937	904	9	the	the	DET
cblr-2937	904	10	assumption	assumption	NOUN
cblr-2937	904	11	that	that	SCONJ
cblr-2937	904	12	performance	performance	NOUN
cblr-2937	904	13	transparency	transparency	NOUN
cblr-2937	904	14	is	be	AUX
cblr-2937	904	15	a	a	DET
cblr-2937	904	16	problem	problem	NOUN
cblr-2937	904	17	.	.	PUNCT
cblr-2937	905	1	instead	instead	ADV
cblr-2937	905	2	,	,	PUNCT
cblr-2937	905	3	it	it	PRON
cblr-2937	905	4	is	be	AUX
cblr-2937	905	5	assumed	assume	VERB
cblr-2937	905	6	above	above	ADP
cblr-2937	905	7	that	that	SCONJ
cblr-2937	905	8	investors	investor	NOUN
cblr-2937	905	9	are	be	AUX
cblr-2937	905	10	able	able	ADJ
cblr-2937	905	11	to	to	PART
cblr-2937	905	12	monitor	monitor	VERB
cblr-2937	905	13	rating	rating	NOUN
cblr-2937	905	14	quality	quality	NOUN
cblr-2937	905	15	perfectly	perfectly	ADV
cblr-2937	905	16	as	as	SCONJ
cblr-2937	905	17	quality	quality	NOUN
cblr-2937	905	18	is	be	AUX
cblr-2937	905	19	revealed	reveal	VERB
cblr-2937	905	20	over	over	ADP
cblr-2937	905	21	time	time	NOUN
cblr-2937	905	22	.	.	PUNCT
cblr-2937	906	1	the	the	DET
cblr-2937	906	2	argument	argument	NOUN
cblr-2937	906	3	does	do	AUX
cblr-2937	906	4	assume	assume	VERB
cblr-2937	906	5	that	that	SCONJ
cblr-2937	906	6	investors	investor	NOUN
cblr-2937	906	7	can	can	AUX
cblr-2937	906	8	not	not	PART
cblr-2937	906	9	determine	determine	VERB
cblr-2937	906	10	rating	rating	NOUN
cblr-2937	906	11	quality	quality	NOUN
cblr-2937	906	12	in	in	ADP
cblr-2937	906	13	advance,"0	advance,"0	NOUN
cblr-2937	906	14	and	and	CCONJ
cblr-2937	906	15	it	it	PRON
cblr-2937	906	16	could	could	AUX
cblr-2937	906	17	be	be	AUX
cblr-2937	906	18	argued	argue	VERB
cblr-2937	906	19	that	that	SCONJ
cblr-2937	906	20	perfect	perfect	ADJ
cblr-2937	906	21	methodological	methodological	ADJ
cblr-2937	906	22	transparency	transparency	NOUN
cblr-2937	906	23	would	would	AUX
cblr-2937	906	24	permit	permit	VERB
cblr-2937	906	25	investors	investor	NOUN
cblr-2937	906	26	to	to	PART
cblr-2937	906	27	determine	determine	VERB
cblr-2937	906	28	in	in	ADP
cblr-2937	906	29	advance	advance	NOUN
cblr-2937	906	30	whether	whether	SCONJ
cblr-2937	906	31	ratings	rating	NOUN
cblr-2937	906	32	are	be	AUX
cblr-2937	906	33	of	of	ADP
cblr-2937	906	34	high	high	ADJ
cblr-2937	906	35	quality	quality	NOUN
cblr-2937	906	36	.	.	PUNCT
cblr-2937	907	1	investors	investor	NOUN
cblr-2937	907	2	could	could	AUX
cblr-2937	907	3	evaluate	evaluate	VERB
cblr-2937	907	4	agency	agency	NOUN
cblr-2937	907	5	models	model	NOUN
cblr-2937	907	6	on	on	ADP
cblr-2937	907	7	their	their	PRON
cblr-2937	907	8	own	own	ADJ
cblr-2937	907	9	and	and	CCONJ
cblr-2937	907	10	determine	determine	VERB
cblr-2937	907	11	how	how	SCONJ
cblr-2937	907	12	trustworthy	trustworthy	ADJ
cblr-2937	907	13	they	they	PRON
cblr-2937	907	14	are	be	AUX
cblr-2937	907	15	.	.	PUNCT
cblr-2937	908	1	that	that	DET
cblr-2937	908	2	contention	contention	NOUN
cblr-2937	908	3	,	,	PUNCT
cblr-2937	908	4	however	however	ADV
cblr-2937	908	5	,	,	PUNCT
cblr-2937	908	6	undermines	undermine	VERB
cblr-2937	908	7	the	the	DET
cblr-2937	908	8	argument	argument	NOUN
cblr-2937	908	9	that	that	SCONJ
cblr-2937	908	10	reputation	reputation	NOUN
cblr-2937	908	11	deters	deter	VERB
cblr-2937	908	12	low	low	ADJ
cblr-2937	908	13	-	-	PUNCT
cblr-2937	908	14	quality	quality	NOUN
cblr-2937	908	15	ratings	rating	NOUN
cblr-2937	908	16	.	.	PUNCT
cblr-2937	909	1	if	if	SCONJ
cblr-2937	909	2	investors	investor	NOUN
cblr-2937	909	3	are	be	AUX
cblr-2937	909	4	able	able	ADJ
cblr-2937	909	5	to	to	PART
cblr-2937	909	6	determine	determine	VERB
cblr-2937	909	7	rating	rating	NOUN
cblr-2937	909	8	quality	quality	NOUN
cblr-2937	909	9	in	in	ADP
cblr-2937	909	10	advance	advance	NOUN
cblr-2937	909	11	,	,	PUNCT
cblr-2937	909	12	then	then	ADV
cblr-2937	909	13	it	it	PRON
cblr-2937	909	14	is	be	AUX
cblr-2937	909	15	that	that	SCONJ
cblr-2937	909	16	ex	ex	PROPN
cblr-2937	909	17	ante	ante	NOUN
cblr-2937	909	18	determination	determination	NOUN
cblr-2937	909	19	,	,	PUNCT
cblr-2937	909	20	not	not	PART
cblr-2937	909	21	"	"	PUNCT
cblr-2937	909	22	reputation	reputation	NOUN
cblr-2937	909	23	,	,	PUNCT
cblr-2937	909	24	"	"	PUNCT
cblr-2937	909	25	that	that	PRON
cblr-2937	909	26	constrains	constrain	VERB
cblr-2937	909	27	poor	poor	ADJ
cblr-2937	909	28	-	-	PUNCT
cblr-2937	909	29	quality	quality	NOUN
cblr-2937	909	30	rating	rating	NOUN
cblr-2937	909	31	.	.	PUNCT
cblr-2937	910	1	it	it	PRON
cblr-2937	910	2	also	also	ADV
cblr-2937	910	3	comes	come	VERB
cblr-2937	910	4	close	close	ADV
cblr-2937	910	5	to	to	PART
cblr-2937	910	6	directly	directly	ADV
cblr-2937	910	7	undermining	undermine	VERB
cblr-2937	910	8	the	the	DET
cblr-2937	910	9	rationale	rationale	NOUN
cblr-2937	910	10	for	for	ADP
cblr-2937	910	11	rating	rating	NOUN
cblr-2937	910	12	agencies	agency	NOUN
cblr-2937	910	13	'	'	PART
cblr-2937	910	14	existence	existence	NOUN
cblr-2937	910	15	.	.	PUNCT
cblr-2937	911	1	if	if	SCONJ
cblr-2937	911	2	an	an	DET
cblr-2937	911	3	investor	investor	NOUN
cblr-2937	911	4	is	be	AUX
cblr-2937	911	5	so	so	ADV
cblr-2937	911	6	good	good	ADJ
cblr-2937	911	7	at	at	ADP
cblr-2937	911	8	analyzing	analyze	VERB
cblr-2937	911	9	credit	credit	NOUN
cblr-2937	911	10	risk	risk	NOUN
cblr-2937	911	11	that	that	SCONJ
cblr-2937	911	12	it	it	PRON
cblr-2937	911	13	can	can	AUX
cblr-2937	911	14	determine	determine	VERB
cblr-2937	911	15	in	in	ADP
cblr-2937	911	16	advance	advance	NOUN
cblr-2937	911	17	that	that	SCONJ
cblr-2937	911	18	agency	agency	NOUN
cblr-2937	911	19	ratings	rating	NOUN
cblr-2937	911	20	are	be	AUX
cblr-2937	911	21	of	of	ADP
cblr-2937	911	22	high	high	ADJ
cblr-2937	911	23	or	or	CCONJ
cblr-2937	911	24	low	low	ADJ
cblr-2937	911	25	quality	quality	NOUN
cblr-2937	911	26	,	,	PUNCT
cblr-2937	911	27	it	it	PRON
cblr-2937	911	28	seems	seem	VERB
cblr-2937	911	29	likely	likely	ADJ
cblr-2937	911	30	that	that	SCONJ
cblr-2937	911	31	that	that	DET
cblr-2937	911	32	investor	investor	NOUN
cblr-2937	911	33	can	can	AUX
cblr-2937	911	34	determine	determine	VERB
cblr-2937	911	35	for	for	ADP
cblr-2937	911	36	itself	itself	PRON
cblr-2937	911	37	whether	whether	SCONJ
cblr-2937	911	38	the	the	DET
cblr-2937	911	39	rated	rate	VERB
cblr-2937	911	40	instruments	instrument	NOUN
cblr-2937	911	41	themselves	themselves	PRON
cblr-2937	911	42	are	be	AUX
cblr-2937	911	43	risky	risky	ADJ
cblr-2937	911	44	or	or	CCONJ
cblr-2937	911	45	not	not	PART
cblr-2937	911	46	.	.	PUNCT
cblr-2937	912	1	it	it	PRON
cblr-2937	912	2	is	be	AUX
cblr-2937	912	3	not	not	PART
cblr-2937	912	4	at	at	ADV
cblr-2937	912	5	all	all	ADV
cblr-2937	912	6	clear	clear	ADJ
cblr-2937	912	7	that	that	SCONJ
cblr-2937	912	8	that	that	DET
cblr-2937	912	9	investor	investor	NOUN
cblr-2937	912	10	needs	need	VERB
cblr-2937	912	11	credit	credit	NOUN
cblr-2937	912	12	rating	rating	NOUN
cblr-2937	912	13	agencies	agency	NOUN
cblr-2937	912	14	.	.	PUNCT
cblr-2937	913	1	equal	equal	ADJ
cblr-2937	913	2	to	to	ADP
cblr-2937	913	3	marginal	marginal	ADJ
cblr-2937	913	4	cost	cost	NOUN
cblr-2937	913	5	,	,	PUNCT
cblr-2937	913	6	so	so	CCONJ
cblr-2937	913	7	there	there	PRON
cblr-2937	913	8	is	be	VERB
cblr-2937	913	9	no	no	DET
cblr-2937	913	10	incentive	incentive	NOUN
cblr-2937	913	11	to	to	PART
cblr-2937	913	12	develop	develop	VERB
cblr-2937	913	13	reputation	reputation	NOUN
cblr-2937	913	14	,	,	PUNCT
cblr-2937	913	15	and	and	CCONJ
cblr-2937	913	16	reputation	reputation	NOUN
cblr-2937	913	17	does	do	AUX
cblr-2937	913	18	not	not	PART
cblr-2937	913	19	constrain	constrain	VERB
cblr-2937	913	20	rating	rating	NOUN
cblr-2937	913	21	quality	quality	NOUN
cblr-2937	913	22	.	.	PUNCT
cblr-2937	914	1	200	200	NUM
cblr-2937	914	2	see	see	VERB
cblr-2937	914	3	dittrich	dittrich	NOUN
cblr-2937	914	4	,	,	PUNCT
cblr-2937	914	5	supra	supra	PROPN
cblr-2937	914	6	note	note	NOUN
cblr-2937	914	7	12	12	NUM
cblr-2937	914	8	,	,	PUNCT
cblr-2937	914	9	at	at	ADP
cblr-2937	914	10	21	21	NUM
cblr-2937	914	11	(	(	PUNCT
cblr-2937	914	12	explaining	explain	VERB
cblr-2937	914	13	that	that	SCONJ
cblr-2937	914	14	in	in	ADP
cblr-2937	914	15	the	the	DET
cblr-2937	914	16	rating	rating	NOUN
cblr-2937	914	17	context	context	NOUN
cblr-2937	914	18	,	,	PUNCT
cblr-2937	914	19	reputation	reputation	NOUN
cblr-2937	914	20	is	be	AUX
cblr-2937	914	21	important	important	ADJ
cblr-2937	914	22	because	because	SCONJ
cblr-2937	914	23	"	"	PUNCT
cblr-2937	914	24	investors	investor	NOUN
cblr-2937	914	25	can	can	AUX
cblr-2937	914	26	not	not	PART
cblr-2937	914	27	assess	assess	VERB
cblr-2937	914	28	the	the	DET
cblr-2937	914	29	quality	quality	NOUN
cblr-2937	914	30	of	of	ADP
cblr-2937	914	31	a	a	DET
cblr-2937	914	32	given	give	VERB
cblr-2937	914	33	rating	rating	NOUN
cblr-2937	914	34	ex	ex	PRON
cblr-2937	914	35	ante	ante	NOUN
cblr-2937	914	36	but	but	CCONJ
cblr-2937	914	37	have	have	VERB
cblr-2937	914	38	to	to	PART
cblr-2937	914	39	rely	rely	VERB
cblr-2937	914	40	on	on	ADP
cblr-2937	914	41	ex	ex	PRON
cblr-2937	914	42	post	post	NOUN
cblr-2937	914	43	information	information	NOUN
cblr-2937	914	44	about	about	ADP
cblr-2937	914	45	the	the	DET
cblr-2937	914	46	quality	quality	NOUN
cblr-2937	914	47	of	of	ADP
cblr-2937	914	48	past	past	ADJ
cblr-2937	914	49	credit	credit	NOUN
cblr-2937	914	50	ratings	rating	NOUN
cblr-2937	914	51	.	.	PUNCT
cblr-2937	915	1	while	while	SCONJ
cblr-2937	915	2	the	the	DET
cblr-2937	915	3	average	average	ADJ
cblr-2937	915	4	quality	quality	NOUN
cblr-2937	915	5	can	can	AUX
cblr-2937	915	6	be	be	AUX
cblr-2937	915	7	perfectly	perfectly	ADV
cblr-2937	915	8	monitored	monitor	VERB
cblr-2937	915	9	,	,	PUNCT
cblr-2937	915	10	there	there	PRON
cblr-2937	915	11	is	be	VERB
cblr-2937	915	12	no	no	DET
cblr-2937	915	13	way	way	NOUN
cblr-2937	915	14	to	to	PART
cblr-2937	915	15	determine	determine	VERB
cblr-2937	915	16	the	the	DET
cblr-2937	915	17	quality	quality	NOUN
cblr-2937	915	18	of	of	ADP
cblr-2937	915	19	a	a	DET
cblr-2937	915	20	single	single	ADJ
cblr-2937	915	21	rating	rating	NOUN
cblr-2937	915	22	because	because	SCONJ
cblr-2937	915	23	of	of	ADP
cblr-2937	915	24	its	its	PRON
cblr-2937	915	25	nature	nature	NOUN
cblr-2937	915	26	as	as	ADP
cblr-2937	915	27	probability	probability	NOUN
cblr-2937	915	28	.	.	PUNCT
cblr-2937	915	29	"	"	PUNCT
cblr-2937	915	30	)	)	PUNCT
cblr-2937	915	31	.	.	PUNCT
cblr-2937	916	1	[	[	X
cblr-2937	916	2	vol	vol	NOUN
cblr-2937	916	3	.	.	X
cblr-2937	916	4	2009	2009	NUM
cblr-2937	916	5	c.	c.	NOUN
cblr-2937	916	6	rating	rating	NOUN
cblr-2937	916	7	-	-	PUNCT
cblr-2937	916	8	dependent	dependent	ADJ
cblr-2937	916	9	regulation	regulation	NOUN
cblr-2937	916	10	and	and	CCONJ
cblr-2937	916	11	conflicts	conflict	NOUN
cblr-2937	916	12	of	of	ADP
cblr-2937	916	13	interest	interest	NOUN
cblr-2937	916	14	in	in	ADP
cblr-2937	916	15	the	the	DET
cblr-2937	916	16	simplified	simplified	ADJ
cblr-2937	916	17	setting	setting	NOUN
cblr-2937	916	18	,	,	PUNCT
cblr-2937	916	19	ratings	rating	NOUN
cblr-2937	916	20	are	be	AUX
cblr-2937	916	21	valued	value	VERB
cblr-2937	916	22	solely	solely	ADV
cblr-2937	916	23	for	for	ADP
cblr-2937	916	24	their	their	PRON
cblr-2937	916	25	perceived	perceive	VERB
cblr-2937	916	26	quality	quality	NOUN
cblr-2937	916	27	as	as	ADP
cblr-2937	916	28	assessments	assessment	NOUN
cblr-2937	916	29	of	of	ADP
cblr-2937	916	30	default	default	NOUN
cblr-2937	916	31	,	,	PUNCT
cblr-2937	916	32	not	not	PART
cblr-2937	916	33	for	for	ADP
cblr-2937	916	34	their	their	PRON
cblr-2937	916	35	value	value	NOUN
cblr-2937	916	36	in	in	ADP
cblr-2937	916	37	satisfying	satisfy	VERB
cblr-2937	916	38	regulatory	regulatory	ADJ
cblr-2937	916	39	requirements	requirement	NOUN
cblr-2937	916	40	or	or	CCONJ
cblr-2937	916	41	for	for	ADP
cblr-2937	916	42	their	their	PRON
cblr-2937	916	43	value	value	NOUN
cblr-2937	916	44	in	in	ADP
cblr-2937	916	45	helping	help	VERB
cblr-2937	916	46	issuers	issuer	NOUN
cblr-2937	916	47	sell	sell	VERB
cblr-2937	916	48	instruments	instrument	NOUN
cblr-2937	916	49	.	.	PUNCT
cblr-2937	917	1	thus	thus	ADV
cblr-2937	917	2	,	,	PUNCT
cblr-2937	917	3	the	the	DET
cblr-2937	917	4	conclusion	conclusion	NOUN
cblr-2937	917	5	that	that	SCONJ
cblr-2937	917	6	reputation	reputation	NOUN
cblr-2937	917	7	does	do	AUX
cblr-2937	917	8	not	not	PART
cblr-2937	917	9	deter	deter	VERB
cblr-2937	917	10	low	low	ADJ
cblr-2937	917	11	-	-	PUNCT
cblr-2937	917	12	quality	quality	NOUN
cblr-2937	917	13	ratings	rating	NOUN
cblr-2937	917	14	on	on	ADP
cblr-2937	917	15	novel	novel	ADJ
cblr-2937	917	16	products	product	NOUN
cblr-2937	917	17	does	do	AUX
cblr-2937	917	18	not	not	PART
cblr-2937	917	19	depend	depend	VERB
cblr-2937	917	20	on	on	ADP
cblr-2937	917	21	the	the	DET
cblr-2937	917	22	existence	existence	NOUN
cblr-2937	917	23	of	of	ADP
cblr-2937	917	24	ratingdependent	ratingdependent	NOUN
cblr-2937	917	25	regulation	regulation	NOUN
cblr-2937	917	26	.	.	PUNCT
cblr-2937	918	1	nor	nor	CCONJ
cblr-2937	918	2	does	do	AUX
cblr-2937	918	3	it	it	PRON
cblr-2937	918	4	depend	depend	VERB
cblr-2937	918	5	on	on	ADP
cblr-2937	918	6	any	any	DET
cblr-2937	918	7	conflict	conflict	NOUN
cblr-2937	918	8	of	of	ADP
cblr-2937	918	9	interest	interest	NOUN
cblr-2937	918	10	at	at	ADP
cblr-2937	918	11	the	the	DET
cblr-2937	918	12	agency	agency	NOUN
cblr-2937	918	13	level	level	NOUN
cblr-2937	918	14	,	,	PUNCT
cblr-2937	918	15	such	such	ADJ
cblr-2937	918	16	as	as	ADP
cblr-2937	918	17	the	the	DET
cblr-2937	918	18	practice	practice	NOUN
cblr-2937	918	19	of	of	ADP
cblr-2937	918	20	being	be	AUX
cblr-2937	918	21	paid	pay	VERB
cblr-2937	918	22	by	by	ADP
cblr-2937	918	23	issuers	issuer	NOUN
cblr-2937	918	24	,	,	PUNCT
cblr-2937	918	25	that	that	PRON
cblr-2937	918	26	might	might	AUX
cblr-2937	918	27	cause	cause	VERB
cblr-2937	918	28	agencies	agency	NOUN
cblr-2937	918	29	to	to	PART
cblr-2937	918	30	focus	focus	VERB
cblr-2937	918	31	on	on	ADP
cblr-2937	918	32	considerations	consideration	NOUN
cblr-2937	918	33	other	other	ADJ
cblr-2937	918	34	than	than	ADP
cblr-2937	918	35	quality	quality	NOUN
cblr-2937	918	36	.	.	PUNCT
cblr-2937	919	1	likewise	likewise	ADV
cblr-2937	919	2	,	,	PUNCT
cblr-2937	919	3	because	because	SCONJ
cblr-2937	919	4	the	the	DET
cblr-2937	919	5	model	model	NOUN
cblr-2937	919	6	analyzes	analyze	VERB
cblr-2937	919	7	rating	rating	NOUN
cblr-2937	919	8	agencies	agency	NOUN
cblr-2937	919	9	,	,	PUNCT
cblr-2937	919	10	not	not	PART
cblr-2937	919	11	their	their	PRON
cblr-2937	919	12	agents	agent	NOUN
cblr-2937	919	13	,	,	PUNCT
cblr-2937	919	14	it	it	PRON
cblr-2937	919	15	does	do	AUX
cblr-2937	919	16	not	not	PART
cblr-2937	919	17	depend	depend	VERB
cblr-2937	919	18	on	on	ADP
cblr-2937	919	19	conflicts	conflict	NOUN
cblr-2937	919	20	of	of	ADP
cblr-2937	919	21	interest	interest	NOUN
cblr-2937	919	22	that	that	PRON
cblr-2937	919	23	are	be	AUX
cblr-2937	919	24	internal	internal	ADJ
cblr-2937	919	25	to	to	ADP
cblr-2937	919	26	the	the	DET
cblr-2937	919	27	rating	rating	NOUN
cblr-2937	919	28	agencies	agency	NOUN
cblr-2937	919	29	,	,	PUNCT
cblr-2937	919	30	such	such	ADJ
cblr-2937	919	31	as	as	ADP
cblr-2937	919	32	competing	compete	VERB
cblr-2937	919	33	incentives	incentive	NOUN
cblr-2937	919	34	of	of	ADP
cblr-2937	919	35	individual	individual	ADJ
cblr-2937	919	36	analysts	analyst	NOUN
cblr-2937	919	37	or	or	CCONJ
cblr-2937	919	38	officers	officer	NOUN
cblr-2937	919	39	.	.	PUNCT
cblr-2937	920	1	c.	c.	PROPN
cblr-2937	920	2	key	key	PROPN
cblr-2937	920	3	assumptions	assumption	NOUN
cblr-2937	920	4	underlying	underlie	VERB
cblr-2937	920	5	the	the	DET
cblr-2937	920	6	conclusion	conclusion	NOUN
cblr-2937	920	7	that	that	SCONJ
cblr-2937	920	8	reputation	reputation	NOUN
cblr-2937	920	9	is	be	AUX
cblr-2937	920	10	likely	likely	ADJ
cblr-2937	920	11	to	to	PART
cblr-2937	920	12	be	be	AUX
cblr-2937	920	13	ineffective	ineffective	ADJ
cblr-2937	920	14	are	be	AUX
cblr-2937	920	15	justified	justify	VERB
cblr-2937	920	16	this	this	DET
cblr-2937	920	17	part	part	NOUN
cblr-2937	920	18	explains	explain	VERB
cblr-2937	920	19	and	and	CCONJ
cblr-2937	920	20	justifies	justify	VERB
cblr-2937	920	21	certain	certain	ADJ
cblr-2937	920	22	assumptions	assumption	NOUN
cblr-2937	920	23	that	that	SCONJ
cblr-2937	920	24	,	,	PUNCT
cblr-2937	920	25	if	if	SCONJ
cblr-2937	920	26	incorrect	incorrect	ADJ
cblr-2937	920	27	,	,	PUNCT
cblr-2937	920	28	would	would	AUX
cblr-2937	920	29	weaken	weaken	VERB
cblr-2937	920	30	the	the	DET
cblr-2937	920	31	conclusion	conclusion	NOUN
cblr-2937	920	32	that	that	SCONJ
cblr-2937	920	33	reputation	reputation	NOUN
cblr-2937	920	34	is	be	AUX
cblr-2937	920	35	ineffective	ineffective	ADJ
cblr-2937	920	36	in	in	ADP
cblr-2937	920	37	constraining	constrain	VERB
cblr-2937	920	38	poor	poor	ADJ
cblr-2937	920	39	rating	rating	NOUN
cblr-2937	920	40	quality	quality	NOUN
cblr-2937	920	41	for	for	ADP
cblr-2937	920	42	novel	novel	ADJ
cblr-2937	920	43	financial	financial	ADJ
cblr-2937	920	44	products	product	NOUN
cblr-2937	920	45	.	.	PUNCT
cblr-2937	921	1	i	i	PRON
cblr-2937	921	2	also	also	ADV
cblr-2937	921	3	discuss	discuss	VERB
cblr-2937	921	4	whether	whether	SCONJ
cblr-2937	921	5	the	the	DET
cblr-2937	921	6	conclusion	conclusion	NOUN
cblr-2937	921	7	that	that	SCONJ
cblr-2937	921	8	reputation	reputation	NOUN
cblr-2937	921	9	generates	generate	VERB
cblr-2937	921	10	insufficient	insufficient	ADJ
cblr-2937	921	11	incentives	incentive	NOUN
cblr-2937	921	12	for	for	ADP
cblr-2937	921	13	highquality	highquality	NOUN
cblr-2937	921	14	rating	rating	NOUN
cblr-2937	921	15	of	of	ADP
cblr-2937	921	16	novel	novel	ADJ
cblr-2937	921	17	products	product	NOUN
cblr-2937	921	18	holds	hold	VERB
cblr-2937	921	19	if	if	SCONJ
cblr-2937	921	20	each	each	DET
cblr-2937	921	21	assumption	assumption	NOUN
cblr-2937	921	22	is	be	AUX
cblr-2937	921	23	violated	violate	VERB
cblr-2937	921	24	.	.	PUNCT
cblr-2937	922	1	1	1	X
cblr-2937	922	2	.	.	X
cblr-2937	922	3	rating	rating	NOUN
cblr-2937	922	4	agencies	agency	NOUN
cblr-2937	922	5	face	face	VERB
cblr-2937	922	6	no	no	DET
cblr-2937	922	7	negative	negative	ADJ
cblr-2937	922	8	"	"	PUNCT
cblr-2937	922	9	spillover	spillover	NOUN
cblr-2937	922	10	"	"	PUNCT
cblr-2937	922	11	from	from	ADP
cblr-2937	922	12	issuing	issue	VERB
cblr-2937	922	13	low	low	ADJ
cblr-2937	922	14	-	-	PUNCT
cblr-2937	922	15	quality	quality	NOUN
cblr-2937	922	16	ratings	rating	NOUN
cblr-2937	922	17	in	in	ADP
cblr-2937	922	18	new	new	ADJ
cblr-2937	922	19	segments	segment	NOUN
cblr-2937	922	20	ratings	rating	NOUN
cblr-2937	922	21	on	on	ADP
cblr-2937	922	22	different	different	ADJ
cblr-2937	922	23	products	product	NOUN
cblr-2937	922	24	require	require	VERB
cblr-2937	922	25	different	different	ADJ
cblr-2937	922	26	technologies	technology	NOUN
cblr-2937	922	27	and	and	CCONJ
cblr-2937	922	28	rely	rely	VERB
cblr-2937	922	29	on	on	ADP
cblr-2937	922	30	the	the	DET
cblr-2937	922	31	behavior	behavior	NOUN
cblr-2937	922	32	of	of	ADP
cblr-2937	922	33	different	different	ADJ
cblr-2937	922	34	empirical	empirical	ADJ
cblr-2937	922	35	data	datum	NOUN
cblr-2937	922	36	,	,	PUNCT
cblr-2937	922	37	so	so	SCONJ
cblr-2937	922	38	there	there	PRON
cblr-2937	922	39	is	be	VERB
cblr-2937	922	40	no	no	DET
cblr-2937	922	41	necessary	necessary	ADJ
cblr-2937	922	42	connection	connection	NOUN
cblr-2937	922	43	between	between	ADP
cblr-2937	922	44	skill	skill	NOUN
cblr-2937	922	45	in	in	ADP
cblr-2937	922	46	one	one	NUM
cblr-2937	922	47	segment	segment	NOUN
cblr-2937	922	48	and	and	CCONJ
cblr-2937	922	49	skill	skill	NOUN
cblr-2937	922	50	in	in	ADP
cblr-2937	922	51	another	another	PRON
cblr-2937	922	52	.	.	PUNCT
cblr-2937	923	1	for	for	ADP
cblr-2937	923	2	example	example	NOUN
cblr-2937	923	3	,	,	PUNCT
cblr-2937	923	4	moody	moody	PROPN
cblr-2937	923	5	's	's	PART
cblr-2937	923	6	has	have	AUX
cblr-2937	923	7	been	be	AUX
cblr-2937	923	8	rating	rate	VERB
cblr-2937	923	9	the	the	DET
cblr-2937	923	10	corporate	corporate	ADJ
cblr-2937	923	11	bonds	bond	NOUN
cblr-2937	923	12	of	of	ADP
cblr-2937	923	13	johnson	johnson	PROPN
cblr-2937	923	14	&	&	CCONJ
cblr-2937	923	15	johnson	johnson	PROPN
cblr-2937	923	16	for	for	ADP
cblr-2937	923	17	nearly	nearly	ADV
cblr-2937	923	18	100	100	NUM
cblr-2937	923	19	years	year	NOUN
cblr-2937	923	20	.	.	PUNCT
cblr-2937	924	1	whatever	whatever	DET
cblr-2937	924	2	one	one	PRON
cblr-2937	924	3	may	may	AUX
cblr-2937	924	4	think	think	VERB
cblr-2937	924	5	of	of	ADP
cblr-2937	924	6	the	the	DET
cblr-2937	924	7	reliability	reliability	NOUN
cblr-2937	924	8	of	of	ADP
cblr-2937	924	9	moody	moody	PROPN
cblr-2937	924	10	's	's	PART
cblr-2937	924	11	aaa	aaa	NOUN
cblr-2937	924	12	rating	rating	NOUN
cblr-2937	924	13	on	on	ADP
cblr-2937	924	14	johnson	johnson	PROPN
cblr-2937	924	15	&	&	CCONJ
cblr-2937	924	16	johnson	johnson	PROPN
cblr-2937	924	17	debt	debt	PROPN
cblr-2937	924	18	,	,	PUNCT
cblr-2937	924	19	one	one	NUM
cblr-2937	924	20	is	be	AUX
cblr-2937	924	21	not	not	PART
cblr-2937	924	22	likely	likely	ADJ
cblr-2937	924	23	to	to	PART
cblr-2937	924	24	reviseit	reviseit	VERB
cblr-2937	924	25	much	much	ADV
cblr-2937	924	26	if	if	SCONJ
cblr-2937	924	27	it	it	PRON
cblr-2937	924	28	is	be	AUX
cblr-2937	924	29	revealed	reveal	VERB
cblr-2937	924	30	that	that	SCONJ
cblr-2937	924	31	moody	moody	PROPN
cblr-2937	924	32	's	's	PART
cblr-2937	924	33	did	do	AUX
cblr-2937	924	34	not	not	PART
cblr-2937	924	35	credit	credit	VERB
cblr-2937	924	36	ra	ra	PROPN
cblr-2937	924	37	ting	ting	PROPN
cblr-2937	924	38	agenciesno	agenciesno	PROPN
cblr-2937	924	39	.	.	PUNCT
cblr-2937	925	1	1:1091	1:1091	NUM
cblr-2937	926	1	columbia	columbia	PROPN
cblr-2937	926	2	business	business	PROPN
cblr-2937	926	3	law	law	PROPN
cblr-2937	926	4	review	review	NOUN
cblr-2937	926	5	know	know	VERB
cblr-2937	926	6	how	how	SCONJ
cblr-2937	926	7	to	to	PART
cblr-2937	926	8	issue	issue	VERB
cblr-2937	926	9	high	high	ADJ
cblr-2937	926	10	-	-	PUNCT
cblr-2937	926	11	quality	quality	NOUN
cblr-2937	926	12	rating	rating	NOUN
cblr-2937	926	13	on	on	ADP
cblr-2937	926	14	subprime	subprime	ADV
cblr-2937	926	15	-	-	PUNCT
cblr-2937	926	16	rmbsbacked	rmbsbacke	VERB
cblr-2937	926	17	cdos.2	cdos.2	NOUN
cblr-2937	926	18	°	°	NOUN
cblr-2937	926	19	'	'	PUNCT
cblr-2937	926	20	the	the	DET
cblr-2937	926	21	reaction	reaction	NOUN
cblr-2937	926	22	to	to	ADP
cblr-2937	926	23	the	the	DET
cblr-2937	926	24	credit	credit	NOUN
cblr-2937	926	25	crisis	crisis	NOUN
cblr-2937	926	26	suggests	suggest	VERB
cblr-2937	926	27	that	that	SCONJ
cblr-2937	926	28	this	this	DET
cblr-2937	926	29	assumption	assumption	NOUN
cblr-2937	926	30	is	be	AUX
cblr-2937	926	31	factually	factually	ADV
cblr-2937	926	32	correct	correct	ADJ
cblr-2937	926	33	.	.	PUNCT
cblr-2937	927	1	rating	rating	NOUN
cblr-2937	927	2	agencies	agency	NOUN
cblr-2937	927	3	suffered	suffer	VERB
cblr-2937	927	4	revenue	revenue	NOUN
cblr-2937	927	5	loss	loss	NOUN
cblr-2937	927	6	in	in	ADP
cblr-2937	927	7	the	the	DET
cblr-2937	927	8	structured	structure	VERB
cblr-2937	927	9	-	-	PUNCT
cblr-2937	927	10	products	product	NOUN
cblr-2937	927	11	segment	segment	NOUN
cblr-2937	927	12	during	during	ADP
cblr-2937	927	13	the	the	DET
cblr-2937	927	14	worldwide	worldwide	ADJ
cblr-2937	927	15	credit	credit	NOUN
cblr-2937	927	16	crisis2	crisis2	NOUN
cblr-2937	928	1	°	°	NOUN
cblr-2937	928	2	2	2	NUM
cblr-2937	928	3	and	and	CCONJ
cblr-2937	928	4	their	their	PRON
cblr-2937	928	5	stock	stock	NOUN
cblr-2937	928	6	prices	price	NOUN
cblr-2937	928	7	suffered"	suffered"	PROPN
cblr-2937	928	8	°	°	ADP
cblr-2937	928	9	3	3	NUM
cblr-2937	928	10	as	as	ADP
cblr-2937	928	11	certain	certain	ADJ
cblr-2937	928	12	areas	area	NOUN
cblr-2937	928	13	of	of	ADP
cblr-2937	928	14	securitization	securitization	NOUN
cblr-2937	928	15	ground	ground	NOUN
cblr-2937	928	16	to	to	ADP
cblr-2937	928	17	a	a	DET
cblr-2937	928	18	halt	halt	NOUN
cblr-2937	928	19	.	.	PUNCT
cblr-2937	929	1	the	the	DET
cblr-2937	929	2	traditional	traditional	ADJ
cblr-2937	929	3	corporate	corporate	ADJ
cblr-2937	929	4	-	-	PUNCT
cblr-2937	929	5	bond	bond	NOUN
cblr-2937	929	6	rating	rating	NOUN
cblr-2937	929	7	business	business	NOUN
cblr-2937	929	8	continued	continue	VERB
cblr-2937	929	9	apace	apace	NOUN
cblr-2937	929	10	during	during	ADP
cblr-2937	929	11	this	this	DET
cblr-2937	929	12	time	time	NOUN
cblr-2937	929	13	,	,	PUNCT
cblr-2937	929	14	with	with	ADP
cblr-2937	929	15	much	much	ADV
cblr-2937	929	16	smaller	small	ADJ
cblr-2937	929	17	declines	decline	NOUN
cblr-2937	929	18	(	(	PUNCT
cblr-2937	929	19	indeed	indeed	ADV
cblr-2937	929	20	,	,	PUNCT
cblr-2937	929	21	moody	moody	PROPN
cblr-2937	929	22	's	's	PART
cblr-2937	929	23	investment	investment	NOUN
cblr-2937	929	24	-	-	PUNCT
cblr-2937	929	25	grade	grade	NOUN
cblr-2937	929	26	bond	bond	NOUN
cblr-2937	929	27	rating	rating	NOUN
cblr-2937	929	28	revenues	revenue	NOUN
cblr-2937	929	29	increased	increase	VERB
cblr-2937	929	30	)	)	PUNCT
cblr-2937	929	31	.	.	PUNCT
cblr-2937	930	1	04	04	NUM
cblr-2937	930	2	official	official	ADJ
cblr-2937	930	3	reports	report	NOUN
cblr-2937	930	4	on	on	ADP
cblr-2937	930	5	the	the	DET
cblr-2937	930	6	crisis	crisis	NOUN
cblr-2937	930	7	did	do	AUX
cblr-2937	930	8	not	not	PART
cblr-2937	930	9	indicate	indicate	VERB
cblr-2937	930	10	201	201	NUM
cblr-2937	930	11	it	it	PRON
cblr-2937	930	12	is	be	AUX
cblr-2937	930	13	plausible	plausible	ADJ
cblr-2937	930	14	that	that	SCONJ
cblr-2937	930	15	reputation	reputation	NOUN
cblr-2937	930	16	could	could	AUX
cblr-2937	930	17	be	be	AUX
cblr-2937	930	18	transferred	transfer	VERB
cblr-2937	930	19	across	across	ADP
cblr-2937	930	20	segments	segment	NOUN
cblr-2937	930	21	in	in	ADP
cblr-2937	930	22	that	that	SCONJ
cblr-2937	930	23	customers	customer	NOUN
cblr-2937	930	24	who	who	PRON
cblr-2937	930	25	believe	believe	VERB
cblr-2937	930	26	moody	moody	PROPN
cblr-2937	930	27	's	's	PART
cblr-2937	930	28	ratings	rating	NOUN
cblr-2937	930	29	on	on	ADP
cblr-2937	930	30	johnson	johnson	PROPN
cblr-2937	930	31	&	&	CCONJ
cblr-2937	930	32	johnson	johnson	PROPN
cblr-2937	930	33	are	be	AUX
cblr-2937	930	34	reliable	reliable	ADJ
cblr-2937	930	35	will	will	AUX
cblr-2937	930	36	be	be	AUX
cblr-2937	930	37	more	more	ADV
cblr-2937	930	38	likely	likely	ADJ
cblr-2937	930	39	to	to	PART
cblr-2937	930	40	trust	trust	VERB
cblr-2937	930	41	novel	novel	NOUN
cblr-2937	930	42	-	-	PUNCT
cblr-2937	930	43	product	product	NOUN
cblr-2937	930	44	ratings	rating	NOUN
cblr-2937	930	45	from	from	ADP
cblr-2937	930	46	moody	moody	NOUN
cblr-2937	930	47	's	's	PART
cblr-2937	930	48	than	than	ADP
cblr-2937	930	49	ratings	rating	NOUN
cblr-2937	930	50	from	from	ADP
cblr-2937	930	51	an	an	DET
cblr-2937	930	52	upstart	upstart	NOUN
cblr-2937	930	53	.	.	PUNCT
cblr-2937	931	1	that	that	PRON
cblr-2937	931	2	is	be	AUX
cblr-2937	931	3	consistent	consistent	ADJ
cblr-2937	931	4	with	with	ADP
cblr-2937	931	5	the	the	DET
cblr-2937	931	6	fact	fact	NOUN
cblr-2937	931	7	that	that	SCONJ
cblr-2937	931	8	the	the	DET
cblr-2937	931	9	two	two	NUM
cblr-2937	931	10	leading	lead	VERB
cblr-2937	931	11	agencies	agency	NOUN
cblr-2937	931	12	developed	develop	VERB
cblr-2937	931	13	strong	strong	ADJ
cblr-2937	931	14	positions	position	NOUN
cblr-2937	931	15	in	in	ADP
cblr-2937	931	16	rating	rate	VERB
cblr-2937	931	17	new	new	ADJ
cblr-2937	931	18	products	product	NOUN
cblr-2937	931	19	.	.	PUNCT
cblr-2937	932	1	however	however	ADV
cblr-2937	932	2	,	,	PUNCT
cblr-2937	932	3	it	it	PRON
cblr-2937	932	4	seems	seem	VERB
cblr-2937	932	5	unlikely	unlikely	ADJ
cblr-2937	932	6	that	that	SCONJ
cblr-2937	932	7	this	this	PRON
cblr-2937	932	8	works	work	VERB
cblr-2937	932	9	in	in	ADP
cblr-2937	932	10	reverse	reverse	NOUN
cblr-2937	932	11	:	:	PUNCT
cblr-2937	932	12	beliefs	belief	NOUN
cblr-2937	932	13	about	about	ADP
cblr-2937	932	14	moody	moody	PROPN
cblr-2937	932	15	's	's	PART
cblr-2937	932	16	quality	quality	NOUN
cblr-2937	932	17	in	in	ADP
cblr-2937	932	18	johnson	johnson	PROPN
cblr-2937	932	19	&	&	CCONJ
cblr-2937	932	20	johnson	johnson	PROPN
cblr-2937	932	21	bonds	bond	NOUN
cblr-2937	932	22	,	,	PUNCT
cblr-2937	932	23	based	base	VERB
cblr-2937	932	24	on	on	ADP
cblr-2937	932	25	decades	decade	NOUN
cblr-2937	932	26	of	of	ADP
cblr-2937	932	27	experience	experience	NOUN
cblr-2937	932	28	with	with	ADP
cblr-2937	932	29	the	the	DET
cblr-2937	932	30	performance	performance	NOUN
cblr-2937	932	31	of	of	ADP
cblr-2937	932	32	those	those	DET
cblr-2937	932	33	ratings	rating	NOUN
cblr-2937	932	34	and	and	CCONJ
cblr-2937	932	35	bonds	bond	NOUN
cblr-2937	932	36	,	,	PUNCT
cblr-2937	932	37	are	be	AUX
cblr-2937	932	38	unlikely	unlikely	ADJ
cblr-2937	932	39	to	to	PART
cblr-2937	932	40	be	be	AUX
cblr-2937	932	41	revised	revise	VERB
cblr-2937	932	42	much	much	ADV
cblr-2937	932	43	based	base	VERB
cblr-2937	932	44	on	on	ADP
cblr-2937	932	45	moody	moody	PROPN
cblr-2937	932	46	's	's	PART
cblr-2937	932	47	success	success	NOUN
cblr-2937	932	48	or	or	CCONJ
cblr-2937	932	49	failure	failure	NOUN
cblr-2937	932	50	in	in	ADP
cblr-2937	932	51	rating	rate	VERB
cblr-2937	932	52	subprime	subprime	NOUN
cblr-2937	932	53	rmbs	rmb	NOUN
cblr-2937	932	54	-	-	PUNCT
cblr-2937	932	55	backed	back	VERB
cblr-2937	932	56	cdos	cdo	NOUN
cblr-2937	932	57	.	.	PUNCT
cblr-2937	933	1	202	202	NUM
cblr-2937	933	2	moody	moody	PROPN
cblr-2937	933	3	's	's	PART
cblr-2937	933	4	corp	corp	PROPN
cblr-2937	933	5	.	.	PROPN
cblr-2937	933	6	,	,	PUNCT
cblr-2937	933	7	moody	moody	PROPN
cblr-2937	933	8	's	's	PART
cblr-2937	933	9	corporation	corporation	NOUN
cblr-2937	933	10	reports	report	NOUN
cblr-2937	933	11	results	result	VERB
cblr-2937	933	12	for	for	ADP
cblr-2937	933	13	second	second	ADJ
cblr-2937	933	14	quarter	quarter	NOUN
cblr-2937	933	15	2008	2008	NUM
cblr-2937	933	16	(	(	PUNCT
cblr-2937	933	17	july	july	PROPN
cblr-2937	933	18	30	30	NUM
cblr-2937	933	19	,	,	PUNCT
cblr-2937	933	20	2008	2008	NUM
cblr-2937	933	21	)	)	PUNCT
cblr-2937	934	1	(	(	PUNCT
cblr-2937	934	2	moody	moody	NOUN
cblr-2937	934	3	's	's	PART
cblr-2937	934	4	global	global	ADJ
cblr-2937	934	5	structured	structured	ADJ
cblr-2937	934	6	finance	finance	NOUN
cblr-2937	934	7	revenue	revenue	NOUN
cblr-2937	934	8	down	down	ADP
cblr-2937	934	9	56	56	NUM
cblr-2937	934	10	%	%	NOUN
cblr-2937	934	11	year	year	NOUN
cblr-2937	934	12	over	over	ADP
cblr-2937	934	13	year	year	NOUN
cblr-2937	934	14	)	)	PUNCT
cblr-2937	934	15	;	;	PUNCT
cblr-2937	934	16	mcgraw	mcgraw	PROPN
cblr-2937	934	17	-	-	PUNCT
cblr-2937	934	18	hill	hill	PROPN
cblr-2937	934	19	cos	cos	PROPN
cblr-2937	934	20	.	.	PROPN
cblr-2937	934	21	,	,	PUNCT
cblr-2937	934	22	the	the	DET
cblr-2937	934	23	mcgraw	mcgraw	PROPN
cblr-2937	934	24	-	-	PUNCT
cblr-2937	934	25	hill	hill	PROPN
cblr-2937	934	26	cos	cos	PROPN
cblr-2937	934	27	.	.	PROPN
cblr-2937	934	28	reports	report	VERB
cblr-2937	934	29	second	second	ADJ
cblr-2937	934	30	quarter	quarter	NOUN
cblr-2937	934	31	eps	ep	NOUN
cblr-2937	934	32	of	of	ADP
cblr-2937	934	33	$	$	SYM
cblr-2937	934	34	0.66	0.66	NUM
cblr-2937	934	35	,	,	PUNCT
cblr-2937	934	36	including	include	VERB
cblr-2937	934	37	$	$	SYM
cblr-2937	934	38	0.05	0.05	NUM
cblr-2937	934	39	restructuring	restructure	VERB
cblr-2937	934	40	charge	charge	NOUN
cblr-2937	934	41	(	(	PUNCT
cblr-2937	934	42	july	july	PROPN
cblr-2937	934	43	29	29	NUM
cblr-2937	934	44	,	,	PUNCT
cblr-2937	934	45	2008	2008	NUM
cblr-2937	934	46	)	)	PUNCT
cblr-2937	934	47	(	(	PUNCT
cblr-2937	934	48	reporting	report	VERB
cblr-2937	934	49	year	year	NOUN
cblr-2937	934	50	-	-	PUNCT
cblr-2937	934	51	over	over	ADP
cblr-2937	934	52	-	-	PUNCT
cblr-2937	934	53	year	year	NOUN
cblr-2937	934	54	s&p	s&p	PROPN
cblr-2937	934	55	credit	credit	NOUN
cblr-2937	934	56	market	market	NOUN
cblr-2937	934	57	services	service	NOUN
cblr-2937	934	58	(	(	PUNCT
cblr-2937	934	59	rating	rating	NOUN
cblr-2937	934	60	)	)	PUNCT
cblr-2937	934	61	revenue	revenue	NOUN
cblr-2937	934	62	decline	decline	NOUN
cblr-2937	934	63	of	of	ADP
cblr-2937	934	64	20.1	20.1	NUM
cblr-2937	934	65	%	%	NOUN
cblr-2937	934	66	,	,	PUNCT
cblr-2937	934	67	citing	cite	VERB
cblr-2937	934	68	94.5	94.5	NUM
cblr-2937	934	69	%	%	NOUN
cblr-2937	934	70	decline	decline	NOUN
cblr-2937	934	71	in	in	ADP
cblr-2937	934	72	mortgage	mortgage	NOUN
cblr-2937	934	73	-	-	PUNCT
cblr-2937	934	74	backed	back	VERB
cblr-2937	934	75	security	security	NOUN
cblr-2937	934	76	issuance	issuance	NOUN
cblr-2937	934	77	and	and	CCONJ
cblr-2937	934	78	88.2	88.2	NUM
cblr-2937	934	79	%	%	NOUN
cblr-2937	934	80	decline	decline	NOUN
cblr-2937	934	81	in	in	ADP
cblr-2937	934	82	cdo	cdo	ADJ
cblr-2937	934	83	issuance	issuance	NOUN
cblr-2937	934	84	)	)	PUNCT
cblr-2937	934	85	.	.	PUNCT
cblr-2937	935	1	203	203	NUM
cblr-2937	935	2	the	the	DET
cblr-2937	935	3	stock	stock	NOUN
cblr-2937	935	4	price	price	NOUN
cblr-2937	935	5	for	for	ADP
cblr-2937	935	6	moody	moody	PROPN
cblr-2937	935	7	's	's	PART
cblr-2937	935	8	corporation	corporation	NOUN
cblr-2937	935	9	,	,	PUNCT
cblr-2937	935	10	the	the	DET
cblr-2937	935	11	traded	trade	VERB
cblr-2937	935	12	entity	entity	NOUN
cblr-2937	935	13	that	that	PRON
cblr-2937	935	14	is	be	AUX
cblr-2937	935	15	closest	close	ADJ
cblr-2937	935	16	to	to	ADP
cblr-2937	935	17	a	a	DET
cblr-2937	935	18	pure	pure	ADJ
cblr-2937	935	19	-	-	PUNCT
cblr-2937	935	20	play	play	NOUN
cblr-2937	935	21	rating	rating	NOUN
cblr-2937	935	22	agency	agency	NOUN
cblr-2937	935	23	,	,	PUNCT
cblr-2937	935	24	peaked	peak	VERB
cblr-2937	935	25	at	at	ADP
cblr-2937	935	26	$	$	SYM
cblr-2937	935	27	74.84	74.84	NUM
cblr-2937	935	28	on	on	ADP
cblr-2937	935	29	february	february	PROPN
cblr-2937	935	30	8	8	NUM
cblr-2937	935	31	,	,	PUNCT
cblr-2937	935	32	2007	2007	NUM
cblr-2937	935	33	,	,	PUNCT
cblr-2937	935	34	and	and	CCONJ
cblr-2937	935	35	declined	decline	VERB
cblr-2937	935	36	to	to	PART
cblr-2937	935	37	close	close	VERB
cblr-2937	935	38	at	at	ADP
cblr-2937	935	39	$	$	SYM
cblr-2937	935	40	30.97	30.97	NUM
cblr-2937	935	41	on	on	ADP
cblr-2937	935	42	july	july	PROPN
cblr-2937	935	43	15	15	NUM
cblr-2937	935	44	,	,	PUNCT
cblr-2937	935	45	2008	2008	NUM
cblr-2937	935	46	.	.	PUNCT
cblr-2937	936	1	the	the	DET
cblr-2937	936	2	stock	stock	NOUN
cblr-2937	936	3	closed	close	VERB
cblr-2937	936	4	at	at	ADP
cblr-2937	936	5	$	$	SYM
cblr-2937	936	6	40.03	40.03	NUM
cblr-2937	936	7	on	on	ADP
cblr-2937	936	8	august	august	PROPN
cblr-2937	936	9	15	15	NUM
cblr-2937	936	10	,	,	PUNCT
cblr-2937	936	11	2008	2008	NUM
cblr-2937	936	12	.	.	PUNCT
cblr-2937	937	1	the	the	DET
cblr-2937	937	2	mcgraw	mcgraw	PROPN
cblr-2937	937	3	-	-	PUNCT
cblr-2937	937	4	hill	hill	PROPN
cblr-2937	937	5	cos	cos	PROPN
cblr-2937	937	6	.	.	PROPN
cblr-2937	937	7	,	,	PUNCT
cblr-2937	937	8	parent	parent	NOUN
cblr-2937	937	9	of	of	ADP
cblr-2937	937	10	standard	standard	PROPN
cblr-2937	937	11	&	&	CCONJ
cblr-2937	937	12	poor	poor	PROPN
cblr-2937	937	13	's	's	PART
cblr-2937	937	14	,	,	PUNCT
cblr-2937	937	15	has	have	VERB
cblr-2937	937	16	numerous	numerous	ADJ
cblr-2937	937	17	important	important	ADJ
cblr-2937	937	18	nonrating	nonrate	VERB
cblr-2937	937	19	businesses	business	NOUN
cblr-2937	937	20	,	,	PUNCT
cblr-2937	937	21	but	but	CCONJ
cblr-2937	937	22	its	its	PRON
cblr-2937	937	23	stock	stock	NOUN
cblr-2937	937	24	price	price	NOUN
cblr-2937	937	25	followed	follow	VERB
cblr-2937	937	26	the	the	DET
cblr-2937	937	27	same	same	ADJ
cblr-2937	937	28	general	general	ADJ
cblr-2937	937	29	pattern	pattern	NOUN
cblr-2937	937	30	;	;	PUNCT
cblr-2937	937	31	it	it	PRON
cblr-2937	937	32	peaked	peak	VERB
cblr-2937	937	33	at	at	ADP
cblr-2937	937	34	$	$	SYM
cblr-2937	937	35	71.96	71.96	NUM
cblr-2937	937	36	on	on	ADP
cblr-2937	937	37	june	june	PROPN
cblr-2937	937	38	4	4	NUM
cblr-2937	937	39	,	,	PUNCT
cblr-2937	937	40	2007	2007	NUM
cblr-2937	937	41	,	,	PUNCT
cblr-2937	937	42	declined	decline	VERB
cblr-2937	937	43	to	to	PART
cblr-2937	937	44	close	close	VERB
cblr-2937	937	45	at	at	ADP
cblr-2937	937	46	$	$	SYM
cblr-2937	937	47	35.20	35.20	NUM
cblr-2937	937	48	on	on	ADP
cblr-2937	937	49	march	march	PROPN
cblr-2937	937	50	17	17	NUM
cblr-2937	937	51	,	,	PUNCT
cblr-2937	937	52	2008	2008	NUM
cblr-2937	937	53	,	,	PUNCT
cblr-2937	937	54	and	and	CCONJ
cblr-2937	937	55	closed	close	VERB
cblr-2937	937	56	at	at	ADP
cblr-2937	937	57	$	$	SYM
cblr-2937	937	58	44.99	44.99	NUM
cblr-2937	937	59	on	on	ADP
cblr-2937	937	60	august	august	PROPN
cblr-2937	937	61	15	15	NUM
cblr-2937	937	62	,	,	PUNCT
cblr-2937	937	63	2008	2008	NUM
cblr-2937	937	64	.	.	PUNCT
cblr-2937	938	1	see	see	VERB
cblr-2937	938	2	bloomberg	bloomberg	PROPN
cblr-2937	938	3	financial	financial	PROPN
cblr-2937	938	4	information	information	PROPN
cblr-2937	938	5	service	service	NOUN
cblr-2937	938	6	,	,	PUNCT
cblr-2937	938	7	gp	gp	NOUN
cblr-2937	938	8	function	function	NOUN
cblr-2937	938	9	(	(	PUNCT
cblr-2937	938	10	last	last	ADV
cblr-2937	938	11	visited	visit	VERB
cblr-2937	938	12	mar	mar	PROPN
cblr-2937	938	13	.	.	PROPN
cblr-2937	938	14	9	9	NUM
cblr-2937	938	15	,	,	PUNCT
cblr-2937	938	16	2009	2009	NUM
cblr-2937	938	17	)	)	PUNCT
cblr-2937	938	18	.	.	PUNCT
cblr-2937	939	1	204	204	NUM
cblr-2937	939	2	moody	moody	PROPN
cblr-2937	939	3	's	's	PART
cblr-2937	939	4	corp	corp	PROPN
cblr-2937	939	5	.	.	PROPN
cblr-2937	939	6	,	,	PUNCT
cblr-2937	939	7	supra	supra	PROPN
cblr-2937	939	8	note	note	PROPN
cblr-2937	939	9	202	202	NUM
cblr-2937	939	10	,	,	PUNCT
cblr-2937	939	11	(	(	PUNCT
cblr-2937	939	12	reporting	report	VERB
cblr-2937	939	13	"	"	PUNCT
cblr-2937	939	14	[	[	X
cblr-2937	939	15	slignificant	slignificant	ADJ
cblr-2937	939	16	revenue	revenue	NOUN
cblr-2937	939	17	growth	growth	NOUN
cblr-2937	939	18	"	"	PUNCT
cblr-2937	939	19	year	year	NOUN
cblr-2937	939	20	over	over	ADP
cblr-2937	939	21	year	year	NOUN
cblr-2937	939	22	from	from	ADP
cblr-2937	939	23	rating	rate	VERB
cblr-2937	939	24	u.s	u.s	PROPN
cblr-2937	939	25	.	.	PROPN
cblr-2937	939	26	investment	investment	NOUN
cblr-2937	939	27	grade	grade	NOUN
cblr-2937	939	28	debt	debt	NOUN
cblr-2937	939	29	,	,	PUNCT
cblr-2937	939	30	countered	counter	VERB
cblr-2937	939	31	by	by	ADP
cblr-2937	939	32	declines	decline	NOUN
cblr-2937	939	33	in	in	ADP
cblr-2937	939	34	high	high	ADJ
cblr-2937	939	35	-	-	PUNCT
cblr-2937	939	36	yield	yield	NOUN
cblr-2937	939	37	and	and	CCONJ
cblr-2937	939	38	bank	bank	NOUN
cblr-2937	939	39	loan	loan	NOUN
cblr-2937	939	40	ratings	rating	NOUN
cblr-2937	939	41	)	)	PUNCT
cblr-2937	939	42	;	;	PUNCT
cblr-2937	939	43	mcgraw	mcgraw	PROPN
cblr-2937	939	44	-	-	PUNCT
cblr-2937	939	45	hill	hill	PROPN
cblr-2937	939	46	,	,	PUNCT
cblr-2937	939	47	supra	supra	PROPN
cblr-2937	939	48	note	note	PROPN
cblr-2937	939	49	202	202	NUM
cblr-2937	939	50	,	,	PUNCT
cblr-2937	939	51	(	(	PUNCT
cblr-2937	939	52	reporting	report	VERB
cblr-2937	939	53	u.s	u.s	PROPN
cblr-2937	939	54	.	.	PROPN
cblr-2937	939	55	corporate	corporate	ADJ
cblr-2937	939	56	new	new	ADJ
cblr-2937	939	57	issue	issue	NOUN
cblr-2937	939	58	volume	volume	NOUN
cblr-2937	939	59	,	,	PUNCT
cblr-2937	939	60	including	include	VERB
cblr-2937	939	61	both	both	DET
cblr-2937	939	62	investment	investment	NOUN
cblr-2937	939	63	-	-	PUNCT
cblr-2937	939	64	grade	grade	NOUN
cblr-2937	939	65	and	and	CCONJ
cblr-2937	939	66	high	high	ADJ
cblr-2937	939	67	-	-	PUNCT
cblr-2937	939	68	yield	yield	NOUN
cblr-2937	939	69	,	,	PUNCT
cblr-2937	939	70	down	down	ADV
cblr-2937	939	71	15.1	15.1	NUM
cblr-2937	939	72	%	%	NOUN
cblr-2937	939	73	year	year	NOUN
cblr-2937	939	74	over	over	ADP
cblr-2937	939	75	year	year	NOUN
cblr-2937	939	76	)	)	PUNCT
cblr-2937	939	77	.	.	PUNCT
cblr-2937	940	1	the	the	DET
cblr-2937	940	2	volume	volume	NOUN
cblr-2937	940	3	of	of	ADP
cblr-2937	940	4	u.s	u.s	PROPN
cblr-2937	940	5	.	.	PROPN
cblr-2937	940	6	investment	investment	NOUN
cblr-2937	940	7	-	-	PUNCT
cblr-2937	940	8	grade	grade	NOUN
cblr-2937	940	9	corporate	corporate	ADJ
cblr-2937	940	10	bond	bond	NOUN
cblr-2937	940	11	issuance	issuance	NOUN
cblr-2937	940	12	was	be	AUX
cblr-2937	940	13	almost	almost	ADV
cblr-2937	940	14	exactly	exactly	ADV
cblr-2937	940	15	the	the	DET
cblr-2937	940	16	[	[	X
cblr-2937	940	17	vol	vol	NOUN
cblr-2937	940	18	.	.	PUNCT
cblr-2937	940	19	2009	2009	NUM
cblr-2937	940	20	that	that	SCONJ
cblr-2937	940	21	agencies	agency	NOUN
cblr-2937	940	22	did	do	VERB
cblr-2937	940	23	a	a	DET
cblr-2937	940	24	poor	poor	ADJ
cblr-2937	940	25	job	job	NOUN
cblr-2937	940	26	in	in	ADP
cblr-2937	940	27	the	the	DET
cblr-2937	940	28	corporate	corporate	ADJ
cblr-2937	940	29	segment	segment	NOUN
cblr-2937	940	30	.	.	PUNCT
cblr-2937	941	1	indeed	indeed	ADV
cblr-2937	941	2	,	,	PUNCT
cblr-2937	941	3	regulatory	regulatory	ADJ
cblr-2937	941	4	authorities	authority	NOUN
cblr-2937	941	5	'	'	PART
cblr-2937	941	6	studies	study	NOUN
cblr-2937	941	7	drew	draw	VERB
cblr-2937	941	8	a	a	DET
cblr-2937	941	9	fundamental	fundamental	ADJ
cblr-2937	941	10	distinction	distinction	NOUN
cblr-2937	941	11	between	between	ADP
cblr-2937	941	12	agencies	agency	NOUN
cblr-2937	941	13	'	'	PART
cblr-2937	941	14	traditional	traditional	ADJ
cblr-2937	941	15	and	and	CCONJ
cblr-2937	941	16	structuredfinance	structuredfinance	NOUN
cblr-2937	941	17	ratings	rating	NOUN
cblr-2937	941	18	and	and	CCONJ
cblr-2937	941	19	criticized	criticize	VERB
cblr-2937	941	20	only	only	ADV
cblr-2937	941	21	the	the	DET
cblr-2937	941	22	latter.2	latter.2	PROPN
cblr-2937	941	23	5	5	NUM
cblr-2937	941	24	further	far	ADV
cblr-2937	941	25	,	,	PUNCT
cblr-2937	941	26	the	the	DET
cblr-2937	941	27	same	same	ADJ
cblr-2937	941	28	in	in	ADP
cblr-2937	941	29	the	the	DET
cblr-2937	941	30	twelve	twelve	NUM
cblr-2937	941	31	months	month	NOUN
cblr-2937	941	32	august	august	PROPN
cblr-2937	941	33	2007	2007	NUM
cblr-2937	941	34	-	-	SYM
cblr-2937	941	35	july	july	PROPN
cblr-2937	941	36	2008	2008	NUM
cblr-2937	941	37	as	as	ADP
cblr-2937	941	38	in	in	ADP
cblr-2937	941	39	the	the	DET
cblr-2937	941	40	preceding	precede	VERB
cblr-2937	941	41	12	12	NUM
cblr-2937	941	42	months	month	NOUN
cblr-2937	941	43	.	.	PUNCT
cblr-2937	942	1	average	average	ADJ
cblr-2937	942	2	monthly	monthly	ADJ
cblr-2937	942	3	volume	volume	NOUN
cblr-2937	942	4	was	be	AUX
cblr-2937	942	5	$	$	SYM
cblr-2937	942	6	59.4	59.4	NUM
cblr-2937	942	7	billion	billion	NUM
cblr-2937	942	8	in	in	ADP
cblr-2937	942	9	the	the	DET
cblr-2937	942	10	2007	2007	NUM
cblr-2937	942	11	-	-	SYM
cblr-2937	942	12	2008	2008	NUM
cblr-2937	942	13	period	period	NOUN
cblr-2937	942	14	and	and	CCONJ
cblr-2937	942	15	$	$	SYM
cblr-2937	942	16	59	59	NUM
cblr-2937	942	17	billion	billion	NUM
cblr-2937	942	18	in	in	ADP
cblr-2937	942	19	the	the	DET
cblr-2937	942	20	2006	2006	NUM
cblr-2937	942	21	-	-	SYM
cblr-2937	942	22	2007	2007	NUM
cblr-2937	942	23	period	period	NOUN
cblr-2937	942	24	.	.	PUNCT
cblr-2937	943	1	see	see	VERB
cblr-2937	943	2	bloomberg	bloomberg	PROPN
cblr-2937	943	3	financial	financial	PROPN
cblr-2937	943	4	information	information	PROPN
cblr-2937	943	5	service	service	PROPN
cblr-2937	943	6	,	,	PUNCT
cblr-2937	943	7	usfiivst	usfiivst	NOUN
cblr-2937	943	8	index	index	NOUN
cblr-2937	943	9	,	,	PUNCT
cblr-2937	943	10	hp	hp	ADJ
cblr-2937	943	11	function	function	NOUN
cblr-2937	943	12	(	(	PUNCT
cblr-2937	943	13	last	last	ADV
cblr-2937	943	14	visited	visit	VERB
cblr-2937	943	15	mar	mar	PROPN
cblr-2937	943	16	.	.	PROPN
cblr-2937	943	17	9	9	NUM
cblr-2937	943	18	,	,	PUNCT
cblr-2937	943	19	2009	2009	NUM
cblr-2937	943	20	)	)	PUNCT
cblr-2937	943	21	.	.	PUNCT
cblr-2937	944	1	based	base	VERB
cblr-2937	944	2	on	on	ADP
cblr-2937	944	3	the	the	DET
cblr-2937	944	4	author	author	NOUN
cblr-2937	944	5	's	's	PART
cblr-2937	944	6	observations	observation	NOUN
cblr-2937	944	7	as	as	ADP
cblr-2937	944	8	a	a	DET
cblr-2937	944	9	corporate	corporate	ADJ
cblr-2937	944	10	bond	bond	NOUN
cblr-2937	944	11	and	and	CCONJ
cblr-2937	944	12	credit	credit	NOUN
cblr-2937	944	13	derivative	derivative	ADJ
cblr-2937	944	14	analyst	analyst	NOUN
cblr-2937	944	15	with	with	ADP
cblr-2937	944	16	responsibility	responsibility	NOUN
cblr-2937	944	17	for	for	ADP
cblr-2937	944	18	new	new	ADJ
cblr-2937	944	19	issues	issue	NOUN
cblr-2937	944	20	during	during	ADP
cblr-2937	944	21	this	this	DET
cblr-2937	944	22	period	period	NOUN
cblr-2937	944	23	,	,	PUNCT
cblr-2937	944	24	the	the	DET
cblr-2937	944	25	overwhelming	overwhelming	ADJ
cblr-2937	944	26	majority	majority	NOUN
cblr-2937	944	27	of	of	ADP
cblr-2937	944	28	corporate	corporate	ADJ
cblr-2937	944	29	new	new	ADJ
cblr-2937	944	30	issues	issue	NOUN
cblr-2937	944	31	continued	continue	VERB
cblr-2937	944	32	to	to	PART
cblr-2937	944	33	receive	receive	VERB
cblr-2937	944	34	ratings	rating	NOUN
cblr-2937	944	35	from	from	ADP
cblr-2937	944	36	moody	moody	NOUN
cblr-2937	944	37	's	's	PART
cblr-2937	944	38	and	and	CCONJ
cblr-2937	944	39	s&p	s&p	PROPN
cblr-2937	944	40	.	.	PUNCT
cblr-2937	945	1	205	205	NUM
cblr-2937	945	2	see	see	VERB
cblr-2937	945	3	iosco	iosco	PROPN
cblr-2937	945	4	cra	cra	PROPN
cblr-2937	945	5	report	report	PROPN
cblr-2937	945	6	,	,	PUNCT
cblr-2937	945	7	supra	supra	PROPN
cblr-2937	945	8	note	note	PROPN
cblr-2937	945	9	36	36	NUM
cblr-2937	945	10	,	,	PUNCT
cblr-2937	945	11	at	at	ADP
cblr-2937	945	12	2	2	NUM
cblr-2937	945	13	(	(	PUNCT
cblr-2937	945	14	noting	note	VERB
cblr-2937	945	15	"	"	PUNCT
cblr-2937	945	16	questions	question	NOUN
cblr-2937	945	17	about	about	ADP
cblr-2937	945	18	the	the	DET
cblr-2937	945	19	quality	quality	NOUN
cblr-2937	945	20	of	of	ADP
cblr-2937	945	21	cra	cra	PROPN
cblr-2937	945	22	ratings	rating	NOUN
cblr-2937	945	23	and	and	CCONJ
cblr-2937	945	24	the	the	DET
cblr-2937	945	25	independence	independence	NOUN
cblr-2937	945	26	of	of	ADP
cblr-2937	945	27	the	the	DET
cblr-2937	945	28	cras	cras	PROPN
cblr-2937	945	29	rating	rating	NOUN
cblr-2937	945	30	rmbss	rmbss	NOUN
cblr-2937	945	31	and	and	CCONJ
cblr-2937	945	32	cdos	cdo	NOUN
cblr-2937	945	33	"	"	PUNCT
cblr-2937	945	34	(	(	PUNCT
cblr-2937	945	35	emphasis	emphasis	NOUN
cblr-2937	945	36	added	add	VERB
cblr-2937	945	37	)	)	PUNCT
cblr-2937	945	38	)	)	PUNCT
cblr-2937	945	39	;	;	PUNCT
cblr-2937	945	40	i	i	PRON
cblr-2937	945	41	d.	d.	PROPN
cblr-2937	945	42	at	at	ADP
cblr-2937	945	43	8	8	NUM
cblr-2937	945	44	(	(	PUNCT
cblr-2937	945	45	"	"	PUNCT
cblr-2937	945	46	[	[	X
cblr-2937	945	47	a	a	X
cblr-2937	945	48	]	]	X
cblr-2937	945	49	cra	cra	PROPN
cblr-2937	945	50	rating	rating	NOUN
cblr-2937	945	51	of	of	ADP
cblr-2937	945	52	a	a	DET
cblr-2937	945	53	structured	structured	ADJ
cblr-2937	945	54	financial	financial	ADJ
cblr-2937	945	55	product	product	NOUN
cblr-2937	945	56	is	be	AUX
cblr-2937	945	57	qualitatively	qualitatively	ADV
cblr-2937	945	58	different	different	ADJ
cblr-2937	945	59	from	from	ADP
cblr-2937	945	60	a	a	DET
cblr-2937	945	61	corporate	corporate	ADJ
cblr-2937	945	62	bond	bond	NOUN
cblr-2937	945	63	rating	rating	NOUN
cblr-2937	945	64	based	base	VERB
cblr-2937	945	65	on	on	ADP
cblr-2937	945	66	an	an	DET
cblr-2937	945	67	issuer	issuer	NOUN
cblr-2937	945	68	's	's	PART
cblr-2937	945	69	past	past	ADJ
cblr-2937	945	70	financial	financial	ADJ
cblr-2937	945	71	statements	statement	NOUN
cblr-2937	945	72	.	.	PUNCT
cblr-2937	945	73	"	"	PUNCT
cblr-2937	945	74	)	)	PUNCT
cblr-2937	945	75	;	;	PUNCT
cblr-2937	945	76	i	i	PRON
cblr-2937	945	77	d.	d.	PROPN
cblr-2937	945	78	at	at	ADP
cblr-2937	945	79	10	10	NUM
cblr-2937	945	80	(	(	PUNCT
cblr-2937	945	81	noting	note	VERB
cblr-2937	945	82	"	"	PUNCT
cblr-2937	945	83	differences	difference	NOUN
cblr-2937	945	84	in	in	ADP
cblr-2937	945	85	the	the	DET
cblr-2937	945	86	amount	amount	NOUN
cblr-2937	945	87	of	of	ADP
cblr-2937	945	88	historical	historical	ADJ
cblr-2937	945	89	data	datum	NOUN
cblr-2937	945	90	available	available	ADJ
cblr-2937	945	91	regarding	regard	VERB
cblr-2937	945	92	'	'	PUNCT
cblr-2937	945	93	traditional	traditional	ADJ
cblr-2937	945	94	'	'	PUNCT
cblr-2937	945	95	debt	debt	NOUN
cblr-2937	945	96	instruments	instrument	NOUN
cblr-2937	945	97	such	such	ADJ
cblr-2937	945	98	as	as	ADP
cblr-2937	945	99	corporate	corporate	ADJ
cblr-2937	945	100	and	and	CCONJ
cblr-2937	945	101	municipal	municipal	ADJ
cblr-2937	945	102	bonds	bond	NOUN
cblr-2937	945	103	versus	versus	ADP
cblr-2937	945	104	structured	structured	ADJ
cblr-2937	945	105	finance	finance	NOUN
cblr-2937	945	106	products	product	NOUN
cblr-2937	945	107	"	"	PUNCT
cblr-2937	945	108	)	)	PUNCT
cblr-2937	945	109	;	;	PUNCT
cblr-2937	945	110	fsf	fsf	PROPN
cblr-2937	945	111	report	report	PROPN
cblr-2937	945	112	,	,	PUNCT
cblr-2937	945	113	supra	supra	PROPN
cblr-2937	945	114	note	note	PROPN
cblr-2937	945	115	37	37	NUM
cblr-2937	945	116	,	,	PUNCT
cblr-2937	945	117	at	at	ADP
cblr-2937	945	118	32	32	NUM
cblr-2937	945	119	(	(	PUNCT
cblr-2937	945	120	"	"	PUNCT
cblr-2937	945	121	cras	cras	X
cblr-2937	945	122	assigned	assign	VERB
cblr-2937	945	123	high	high	ADJ
cblr-2937	945	124	ratings	rating	NOUN
cblr-2937	945	125	to	to	ADP
cblr-2937	945	126	complex	complex	ADJ
cblr-2937	945	127	structured	structured	ADJ
cblr-2937	945	128	subprime	subprime	ADJ
cblr-2937	945	129	debt	debt	NOUN
cblr-2937	945	130	based	base	VERB
cblr-2937	945	131	on	on	ADP
cblr-2937	945	132	inadequate	inadequate	ADJ
cblr-2937	945	133	historical	historical	ADJ
cblr-2937	945	134	data	datum	NOUN
cblr-2937	945	135	and	and	CCONJ
cblr-2937	945	136	in	in	ADP
cblr-2937	945	137	some	some	DET
cblr-2937	945	138	cases	case	NOUN
cblr-2937	945	139	flawed	flawed	ADJ
cblr-2937	945	140	models	model	NOUN
cblr-2937	945	141	.	.	PUNCT
cblr-2937	946	1	as	as	SCONJ
cblr-2937	946	2	investors	investor	NOUN
cblr-2937	946	3	realized	realize	VERB
cblr-2937	946	4	this	this	PRON
cblr-2937	946	5	,	,	PUNCT
cblr-2937	946	6	they	they	PRON
cblr-2937	946	7	lost	lose	VERB
cblr-2937	946	8	confidence	confidence	NOUN
cblr-2937	946	9	in	in	ADP
cblr-2937	946	10	ratings	rating	NOUN
cblr-2937	946	11	of	of	ADP
cblr-2937	946	12	securitised	securitise	VERB
cblr-2937	946	13	products	product	NOUN
cblr-2937	946	14	more	more	ADV
cblr-2937	946	15	generally	generally	ADV
cblr-2937	946	16	....	....	PUNCT
cblr-2937	947	1	one	one	NUM
cblr-2937	947	2	of	of	ADP
cblr-2937	947	3	the	the	DET
cblr-2937	947	4	important	important	ADJ
cblr-2937	947	5	triggers	trigger	NOUN
cblr-2937	947	6	of	of	ADP
cblr-2937	947	7	the	the	DET
cblr-2937	947	8	current	current	ADJ
cblr-2937	947	9	turmoil	turmoil	NOUN
cblr-2937	947	10	was	be	AUX
cblr-2937	947	11	the	the	DET
cblr-2937	947	12	precipitous	precipitous	ADJ
cblr-2937	947	13	decline	decline	NOUN
cblr-2937	947	14	in	in	ADP
cblr-2937	947	15	confidence	confidence	NOUN
cblr-2937	947	16	in	in	ADP
cblr-2937	947	17	ratings	rating	NOUN
cblr-2937	947	18	of	of	ADP
cblr-2937	947	19	structured	structured	ADJ
cblr-2937	947	20	credit	credit	NOUN
cblr-2937	947	21	products	product	NOUN
cblr-2937	947	22	.	.	PUNCT
cblr-2937	947	23	"	"	PUNCT
cblr-2937	948	1	(	(	PUNCT
cblr-2937	948	2	emphasis	emphasis	NOUN
cblr-2937	948	3	added	add	VERB
cblr-2937	948	4	)	)	PUNCT
cblr-2937	948	5	)	)	PUNCT
cblr-2937	948	6	;	;	PUNCT
cblr-2937	948	7	sec	sec	PROPN
cblr-2937	948	8	june	june	PROPN
cblr-2937	948	9	16	16	NUM
cblr-2937	948	10	proposal	proposal	NOUN
cblr-2937	948	11	,	,	PUNCT
cblr-2937	948	12	supra	supra	PROPN
cblr-2937	948	13	note	note	PROPN
cblr-2937	948	14	56	56	NUM
cblr-2937	948	15	,	,	PUNCT
cblr-2937	948	16	at	at	ADP
cblr-2937	948	17	36,218	36,218	NUM
cblr-2937	948	18	(	(	PUNCT
cblr-2937	948	19	referencing	reference	VERB
cblr-2937	948	20	"	"	PUNCT
cblr-2937	948	21	loss	loss	NOUN
cblr-2937	948	22	of	of	ADP
cblr-2937	948	23	confidence	confidence	NOUN
cblr-2937	948	24	among	among	ADP
cblr-2937	948	25	investors	investor	NOUN
cblr-2937	948	26	in	in	ADP
cblr-2937	948	27	the	the	DET
cblr-2937	948	28	reliability	reliability	NOUN
cblr-2937	948	29	of	of	ADP
cblr-2937	948	30	rmbs	rmb	NOUN
cblr-2937	948	31	and	and	CCONJ
cblr-2937	948	32	cdo	cdo	ADJ
cblr-2937	948	33	credit	credit	NOUN
cblr-2937	948	34	ratings	rating	NOUN
cblr-2937	948	35	issued	issue	VERB
cblr-2937	948	36	by	by	ADP
cblr-2937	948	37	the	the	DET
cblr-2937	948	38	nrsros	nrsro	NOUN
cblr-2937	948	39	"	"	PUNCT
cblr-2937	948	40	)	)	PUNCT
cblr-2937	948	41	(	(	PUNCT
cblr-2937	948	42	emphasis	emphasis	NOUN
cblr-2937	948	43	added	add	VERB
cblr-2937	948	44	)	)	PUNCT
cblr-2937	948	45	;	;	PUNCT
cblr-2937	948	46	sec	sec	PROPN
cblr-2937	948	47	staff	staff	NOUN
cblr-2937	948	48	examination	examination	NOUN
cblr-2937	948	49	report	report	NOUN
cblr-2937	948	50	,	,	PUNCT
cblr-2937	948	51	supra	supra	PROPN
cblr-2937	948	52	note	note	PROPN
cblr-2937	948	53	38	38	NUM
cblr-2937	948	54	,	,	PUNCT
cblr-2937	948	55	at	at	ADP
cblr-2937	948	56	37	37	NUM
cblr-2937	948	57	(	(	PUNCT
cblr-2937	948	58	"	"	PUNCT
cblr-2937	948	59	[	[	X
cblr-2937	948	60	elach	elach	NOUN
cblr-2937	948	61	of	of	ADP
cblr-2937	948	62	the	the	DET
cblr-2937	948	63	examined	examine	VERB
cblr-2937	948	64	firms	firm	NOUN
cblr-2937	948	65	[	[	X
cblr-2937	948	66	moody	moody	NOUN
cblr-2937	948	67	's	's	PART
cblr-2937	948	68	,	,	PUNCT
cblr-2937	948	69	s&p	s&p	PROPN
cblr-2937	948	70	,	,	PUNCT
cblr-2937	948	71	and	and	CCONJ
cblr-2937	948	72	fitch	fitch	PROPN
cblr-2937	948	73	]	]	PUNCT
cblr-2937	948	74	can	can	AUX
cblr-2937	948	75	take	take	VERB
cblr-2937	948	76	steps	step	NOUN
cblr-2937	948	77	to	to	PART
cblr-2937	948	78	improve	improve	VERB
cblr-2937	948	79	their	their	PRON
cblr-2937	948	80	practices	practice	NOUN
cblr-2937	948	81	,	,	PUNCT
cblr-2937	948	82	policies	policy	NOUN
cblr-2937	948	83	,	,	PUNCT
cblr-2937	948	84	and	and	CCONJ
cblr-2937	948	85	procedures	procedure	NOUN
cblr-2937	948	86	with	with	ADP
cblr-2937	948	87	respect	respect	NOUN
cblr-2937	948	88	to	to	ADP
cblr-2937	948	89	rating	rating	NOUN
cblr-2937	948	90	rmbs	rmb	NOUN
cblr-2937	948	91	and	and	CCONJ
cblr-2937	948	92	cdos	cdo	NOUN
cblr-2937	948	93	,	,	PUNCT
cblr-2937	948	94	and	and	CCONJ
cblr-2937	948	95	other	other	ADJ
cblr-2937	948	96	structured	structured	ADJ
cblr-2937	948	97	finance	finance	NOUN
cblr-2937	948	98	securities	security	NOUN
cblr-2937	948	99	.	.	PUNCT
cblr-2937	948	100	"	"	PUNCT
cblr-2937	949	1	(	(	PUNCT
cblr-2937	949	2	emphasis	emphasis	NOUN
cblr-2937	949	3	added	add	VERB
cblr-2937	949	4	)	)	PUNCT
cblr-2937	949	5	)	)	PUNCT
cblr-2937	949	6	;	;	PUNCT
cblr-2937	949	7	president	president	PROPN
cblr-2937	949	8	's	's	PART
cblr-2937	949	9	working	working	NOUN
cblr-2937	949	10	group	group	NOUN
cblr-2937	949	11	on	on	ADP
cblr-2937	949	12	financial	financial	ADJ
cblr-2937	949	13	markets	market	NOUN
cblr-2937	949	14	,	,	PUNCT
cblr-2937	949	15	policy	policy	NOUN
cblr-2937	949	16	statement	statement	NOUN
cblr-2937	949	17	on	on	ADP
cblr-2937	949	18	financial	financial	ADJ
cblr-2937	949	19	market	market	NOUN
cblr-2937	949	20	developments	development	NOUN
cblr-2937	949	21	1	1	NUM
cblr-2937	949	22	(	(	PUNCT
cblr-2937	949	23	2008	2008	NUM
cblr-2937	949	24	)	)	PUNCT
cblr-2937	949	25	(	(	PUNCT
cblr-2937	949	26	identifying	identify	VERB
cblr-2937	949	27	"	"	PUNCT
cblr-2937	949	28	flaws	flaw	NOUN
cblr-2937	949	29	in	in	ADP
cblr-2937	949	30	credit	credit	NOUN
cblr-2937	949	31	rating	rating	NOUN
cblr-2937	949	32	agencies	agency	NOUN
cblr-2937	949	33	'	'	PART
cblr-2937	949	34	assessments	assessment	NOUN
cblr-2937	949	35	of	of	ADP
cblr-2937	949	36	subprime	subprime	ADJ
cblr-2937	949	37	residential	residential	ADJ
cblr-2937	949	38	mortgage	mortgage	NOUN
cblr-2937	949	39	-	-	PUNCT
cblr-2937	949	40	backed	back	VERB
cblr-2937	949	41	securities	security	NOUN
cblr-2937	949	42	(	(	PUNCT
cblr-2937	949	43	rmbs	rmb	NOUN
cblr-2937	949	44	)	)	PUNCT
cblr-2937	949	45	and	and	CCONJ
cblr-2937	949	46	other	other	ADJ
cblr-2937	949	47	complex	complex	ADJ
cblr-2937	949	48	structured	structured	ADJ
cblr-2937	949	49	credit	credit	NOUN
cblr-2937	949	50	products	product	NOUN
cblr-2937	949	51	,	,	PUNCT
cblr-2937	949	52	especially	especially	ADV
cblr-2937	949	53	collateralized	collateralized	ADJ
cblr-2937	949	54	debt	debt	NOUN
cblr-2937	949	55	obligations	obligation	NOUN
cblr-2937	949	56	(	(	PUNCT
cblr-2937	949	57	cdos	cdo	NOUN
cblr-2937	949	58	)	)	PUNCT
cblr-2937	949	59	that	that	PRON
cblr-2937	949	60	held	hold	VERB
cblr-2937	949	61	rmbs	rmb	NOUN
cblr-2937	949	62	and	and	CCONJ
cblr-2937	949	63	other	other	ADJ
cblr-2937	949	64	assetbacked	assetbacked	ADJ
cblr-2937	949	65	securities	security	NOUN
cblr-2937	949	66	(	(	PUNCT
cblr-2937	949	67	cdos	cdo	NOUN
cblr-2937	949	68	of	of	ADP
cblr-2937	949	69	abs	ab	NOUN
cblr-2937	949	70	)	)	PUNCT
cblr-2937	949	71	"	"	PUNCT
cblr-2937	949	72	as	as	ADP
cblr-2937	949	73	a	a	DET
cblr-2937	949	74	"	"	PUNCT
cblr-2937	949	75	principal	principal	ADJ
cblr-2937	949	76	underlying	underlie	VERB
cblr-2937	949	77	causel	causel	NOUN
cblr-2937	949	78	"	"	PUNCT
cblr-2937	949	79	of	of	ADP
cblr-2937	949	80	"	"	PUNCT
cblr-2937	949	81	turmoil	turmoil	NOUN
cblr-2937	949	82	in	in	ADP
cblr-2937	949	83	financial	financial	ADJ
cblr-2937	949	84	markets	market	NOUN
cblr-2937	949	85	"	"	PUNCT
cblr-2937	949	86	)	)	PUNCT
cblr-2937	949	87	;	;	PUNCT
cblr-2937	949	88	see	see	VERB
cblr-2937	949	89	also	also	ADV
cblr-2937	949	90	structured	structure	VERB
cblr-2937	949	91	finance	finance	NOUN
cblr-2937	949	92	rating	rating	NOUN
cblr-2937	949	93	performance	performance	NOUN
cblr-2937	949	94	2007	2007	NUM
cblr-2937	949	95	,	,	PUNCT
cblr-2937	949	96	supra	supra	PROPN
cblr-2937	949	97	note	note	NOUN
cblr-2937	949	98	106	106	NUM
cblr-2937	949	99	,	,	PUNCT
cblr-2937	949	100	at	at	ADP
cblr-2937	949	101	2	2	NUM
cblr-2937	949	102	(	(	PUNCT
cblr-2937	949	103	"	"	PUNCT
cblr-2937	949	104	performance	performance	NOUN
cblr-2937	949	105	was	be	AUX
cblr-2937	949	106	mixed	mix	VERB
cblr-2937	949	107	among	among	ADP
cblr-2937	949	108	the	the	DET
cblr-2937	949	109	various	various	ADJ
cblr-2937	949	110	sectors	sector	NOUN
cblr-2937	949	111	of	of	ADP
cblr-2937	949	112	structured	structured	ADJ
cblr-2937	949	113	finance	finance	NOUN
cblr-2937	949	114	.	.	PUNCT
cblr-2937	950	1	us	us	PROPN
cblr-2937	950	2	hel	hel	PROPN
cblr-2937	950	3	,	,	PUNCT
cblr-2937	950	4	us	us	PROPN
cblr-2937	950	5	rmbs	rmb	NOUN
cblr-2937	950	6	,	,	PUNCT
cblr-2937	950	7	and	and	CCONJ
cblr-2937	950	8	global	global	ADJ
cblr-2937	950	9	cdos	cdo	NOUN
cblr-2937	950	10	all	all	PRON
cblr-2937	950	11	experienced	experience	VERB
cblr-2937	950	12	lower	low	ADJ
cblr-2937	950	13	than	than	ADP
cblr-2937	950	14	average	average	ADJ
cblr-2937	950	15	one	one	NUM
cblr-2937	950	16	-	-	PUNCT
cblr-2937	950	17	year	year	NOUN
cblr-2937	950	18	accuracy	accuracy	NOUN
cblr-2937	950	19	ratios	ratio	NOUN
cblr-2937	950	20	and	and	CCONJ
cblr-2937	950	21	higher	high	ADJ
cblr-2937	950	22	than	than	ADP
cblr-2937	950	23	average	average	ADJ
cblr-2937	950	24	one	one	NUM
cblr-2937	950	25	-	-	PUNCT
cblr-2937	950	26	year	year	NOUN
cblr-2937	950	27	investment	investment	NOUN
cblr-2937	950	28	-	-	PUNCT
cblr-2937	950	29	grade	grade	NOUN
cblr-2937	950	30	loss	loss	NOUN
cblr-2937	950	31	rates	rate	NOUN
cblr-2937	950	32	compared	compare	VERB
cblr-2937	950	33	to	to	ADP
cblr-2937	950	34	the	the	DET
cblr-2937	950	35	historical	historical	ADJ
cblr-2937	950	36	experience	experience	NOUN
cblr-2937	950	37	.	.	PUNCT
cblr-2937	950	38	"	"	PUNCT
cblr-2937	950	39	)	)	PUNCT
cblr-2937	950	40	.	.	PUNCT
cblr-2937	951	1	no	no	INTJ
cblr-2937	951	2	.	.	PUNCT
cblr-2937	952	1	1:109	1:109	NUM
cblr-2937	952	2	]	]	PUNCT
cblr-2937	952	3	credit	credit	NOUN
cblr-2937	952	4	ra	ra	PROPN
cblr-2937	952	5	ting	te	VERB
cblr-2937	952	6	a	a	DET
cblr-2937	952	7	gencies	gencies	PROPN
cblr-2937	952	8	columbia	columbia	PROPN
cblr-2937	952	9	business	business	PROPN
cblr-2937	952	10	la	la	PROPN
cblr-2937	952	11	w	w	PROPN
cblr-2937	952	12	review	review	NOUN
cblr-2937	952	13	rating	rating	NOUN
cblr-2937	952	14	agencies	agency	NOUN
cblr-2937	952	15	suggest	suggest	VERB
cblr-2937	952	16	that	that	SCONJ
cblr-2937	952	17	different	different	ADJ
cblr-2937	952	18	types	type	NOUN
cblr-2937	952	19	of	of	ADP
cblr-2937	952	20	products	product	NOUN
cblr-2937	952	21	within	within	ADP
cblr-2937	952	22	the	the	DET
cblr-2937	952	23	universe	universe	NOUN
cblr-2937	952	24	of	of	ADP
cblr-2937	952	25	structured	structured	ADJ
cblr-2937	952	26	finance	finance	NOUN
cblr-2937	952	27	show	show	VERB
cblr-2937	952	28	fundamentally	fundamentally	ADV
cblr-2937	952	29	different	different	ADJ
cblr-2937	952	30	rating	rating	NOUN
cblr-2937	952	31	behavior	behavior	NOUN
cblr-2937	952	32	.	.	PUNCT
cblr-2937	953	1	this	this	PRON
cblr-2937	953	2	bolsters	bolster	VERB
cblr-2937	953	3	the	the	DET
cblr-2937	953	4	view	view	NOUN
cblr-2937	953	5	that	that	SCONJ
cblr-2937	953	6	it	it	PRON
cblr-2937	953	7	is	be	AUX
cblr-2937	953	8	rational	rational	ADJ
cblr-2937	953	9	for	for	SCONJ
cblr-2937	953	10	investors	investor	NOUN
cblr-2937	953	11	to	to	PART
cblr-2937	953	12	segregate	segregate	VERB
cblr-2937	953	13	products	product	NOUN
cblr-2937	953	14	and	and	CCONJ
cblr-2937	953	15	product	product	NOUN
cblr-2937	953	16	types	type	NOUN
cblr-2937	953	17	in	in	ADP
cblr-2937	953	18	assessing	assess	VERB
cblr-2937	953	19	agency	agency	NOUN
cblr-2937	953	20	quality	quality	NOUN
cblr-2937	953	21	.	.	PUNCT
cblr-2937	954	1	°	°	SCONJ
cblr-2937	954	2	6	6	NUM
cblr-2937	954	3	the	the	DET
cblr-2937	954	4	conclusion	conclusion	NOUN
cblr-2937	954	5	that	that	SCONJ
cblr-2937	954	6	reputation	reputation	NOUN
cblr-2937	954	7	does	do	AUX
cblr-2937	954	8	not	not	PART
cblr-2937	954	9	constrain	constrain	VERB
cblr-2937	954	10	lowquality	lowquality	NOUN
cblr-2937	954	11	rating	rating	NOUN
cblr-2937	954	12	on	on	ADP
cblr-2937	954	13	novel	novel	ADJ
cblr-2937	954	14	products	product	NOUN
cblr-2937	954	15	is	be	AUX
cblr-2937	954	16	robust	robust	ADJ
cblr-2937	954	17	to	to	ADP
cblr-2937	954	18	relaxing	relax	VERB
cblr-2937	954	19	the	the	DET
cblr-2937	954	20	assumption	assumption	NOUN
cblr-2937	954	21	that	that	SCONJ
cblr-2937	954	22	there	there	PRON
cblr-2937	954	23	is	be	VERB
cblr-2937	954	24	zero	zero	NUM
cblr-2937	954	25	negative	negative	ADJ
cblr-2937	954	26	spillover	spillover	NOUN
cblr-2937	954	27	.	.	PUNCT
cblr-2937	955	1	if	if	SCONJ
cblr-2937	955	2	expected	expect	VERB
cblr-2937	955	3	benefits	benefit	NOUN
cblr-2937	955	4	from	from	ADP
cblr-2937	955	5	rating	rate	VERB
cblr-2937	955	6	novel	novel	NOUN
cblr-2937	955	7	products	product	NOUN
cblr-2937	955	8	are	be	AUX
cblr-2937	955	9	high	high	ADJ
cblr-2937	955	10	enough	enough	ADV
cblr-2937	955	11	relative	relative	ADJ
cblr-2937	955	12	to	to	ADP
cblr-2937	955	13	the	the	DET
cblr-2937	955	14	size	size	NOUN
cblr-2937	955	15	of	of	ADP
cblr-2937	955	16	the	the	DET
cblr-2937	955	17	agencies	agency	NOUN
cblr-2937	955	18	'	'	PART
cblr-2937	955	19	existing	exist	VERB
cblr-2937	955	20	business	business	NOUN
cblr-2937	955	21	or	or	CCONJ
cblr-2937	955	22	the	the	DET
cblr-2937	955	23	expected	expect	VERB
cblr-2937	955	24	magnitude	magnitude	NOUN
cblr-2937	955	25	of	of	ADP
cblr-2937	955	26	negative	negative	ADJ
cblr-2937	955	27	spillover	spillover	NOUN
cblr-2937	955	28	is	be	AUX
cblr-2937	955	29	low	low	ADJ
cblr-2937	955	30	enough	enough	ADV
cblr-2937	955	31	-	-	PUNCT
cblr-2937	955	32	for	for	ADP
cblr-2937	955	33	example	example	NOUN
cblr-2937	955	34	because	because	SCONJ
cblr-2937	955	35	the	the	DET
cblr-2937	955	36	probability	probability	NOUN
cblr-2937	955	37	of	of	ADP
cblr-2937	955	38	detection	detection	NOUN
cblr-2937	955	39	is	be	AUX
cblr-2937	955	40	low	low	ADJ
cblr-2937	955	41	-	-	PUNCT
cblr-2937	955	42	then	then	ADV
cblr-2937	955	43	one	one	PRON
cblr-2937	955	44	would	would	AUX
cblr-2937	955	45	expect	expect	VERB
cblr-2937	955	46	the	the	DET
cblr-2937	955	47	agencies	agency	NOUN
cblr-2937	955	48	to	to	PART
cblr-2937	955	49	risk	risk	VERB
cblr-2937	955	50	negative	negative	ADJ
cblr-2937	955	51	spillover	spillover	NOUN
cblr-2937	955	52	.	.	PUNCT
cblr-2937	956	1	revenues	revenue	NOUN
cblr-2937	956	2	from	from	ADP
cblr-2937	956	3	ratings	rating	NOUN
cblr-2937	956	4	on	on	ADP
cblr-2937	956	5	novel	novel	ADJ
cblr-2937	956	6	products	product	NOUN
cblr-2937	956	7	seem	seem	VERB
cblr-2937	956	8	likely	likely	ADJ
cblr-2937	956	9	to	to	PART
cblr-2937	956	10	have	have	AUX
cblr-2937	956	11	been	be	AUX
cblr-2937	956	12	large	large	ADJ
cblr-2937	956	13	enough	enough	ADV
cblr-2937	956	14	to	to	PART
cblr-2937	956	15	cause	cause	VERB
cblr-2937	956	16	agencies	agency	NOUN
cblr-2937	956	17	to	to	PART
cblr-2937	956	18	risk	risk	VERB
cblr-2937	956	19	negative	negative	ADJ
cblr-2937	956	20	spillover	spillover	NOUN
cblr-2937	956	21	.	.	PUNCT
cblr-2937	957	1	issuance	issuance	NOUN
cblr-2937	957	2	of	of	ADP
cblr-2937	957	3	structured	structured	ADJ
cblr-2937	957	4	finance	finance	NOUN
cblr-2937	957	5	instrumentsespecially	instrumentsespecially	ADV
cblr-2937	957	6	cdos	cdo	VERB
cblr-2937	957	7	-	-	PUNCT
cblr-2937	957	8	has	have	AUX
cblr-2937	957	9	been	be	AUX
cblr-2937	957	10	a	a	DET
cblr-2937	957	11	fast	fast	ADV
cblr-2937	957	12	-	-	PUNCT
cblr-2937	957	13	growing	grow	VERB
cblr-2937	957	14	area	area	NOUN
cblr-2937	957	15	:	:	PUNCT
cblr-2937	957	16	the	the	DET
cblr-2937	957	17	securities	security	NOUN
cblr-2937	957	18	industry	industry	NOUN
cblr-2937	957	19	and	and	CCONJ
cblr-2937	957	20	financial	financial	ADJ
cblr-2937	957	21	markets	market	NOUN
cblr-2937	957	22	association	association	NOUN
cblr-2937	957	23	reports	report	VERB
cblr-2937	957	24	that	that	SCONJ
cblr-2937	957	25	worldwide	worldwide	ADJ
cblr-2937	957	26	cdo	cdo	ADJ
cblr-2937	957	27	issuance	issuance	NOUN
cblr-2937	957	28	was	be	AUX
cblr-2937	957	29	$	$	SYM
cblr-2937	957	30	157	157	NUM
cblr-2937	957	31	billion	billion	NUM
cblr-2937	957	32	in	in	ADP
cblr-2937	957	33	2004	2004	NUM
cblr-2937	957	34	,	,	PUNCT
cblr-2937	957	35	$	$	SYM
cblr-2937	957	36	272	272	NUM
cblr-2937	957	37	billion	billion	NUM
cblr-2937	957	38	in	in	ADP
cblr-2937	957	39	2005	2005	NUM
cblr-2937	957	40	,	,	PUNCT
cblr-2937	957	41	and	and	CCONJ
cblr-2937	957	42	$	$	SYM
cblr-2937	957	43	521	521	NUM
cblr-2937	957	44	billion	billion	NUM
cblr-2937	957	45	in	in	ADP
cblr-2937	957	46	2006.207	2006.207	NUM
cblr-2937	957	47	although	although	SCONJ
cblr-2937	957	48	not	not	PART
cblr-2937	957	49	all	all	PRON
cblr-2937	957	50	structured	structured	ADJ
cblr-2937	957	51	finance	finance	NOUN
cblr-2937	957	52	products	product	NOUN
cblr-2937	957	53	receive	receive	VERB
cblr-2937	957	54	ratings,20	ratings,20	PRON
cblr-2937	957	55	8	8	NUM
cblr-2937	957	56	structured	structure	VERB
cblr-2937	957	57	-	-	PUNCT
cblr-2937	957	58	finance	finance	NOUN
cblr-2937	957	59	ratings	rating	NOUN
cblr-2937	957	60	have	have	AUX
cblr-2937	957	61	been	be	AUX
cblr-2937	957	62	critical	critical	ADJ
cblr-2937	957	63	to	to	ADP
cblr-2937	957	64	the	the	DET
cblr-2937	957	65	growth	growth	NOUN
cblr-2937	957	66	of	of	ADP
cblr-2937	957	67	the	the	DET
cblr-2937	957	68	rating	rating	NOUN
cblr-2937	957	69	agencies	agency	NOUN
cblr-2937	957	70	'	'	PART
cblr-2937	957	71	business	business	NOUN
cblr-2937	957	72	,	,	PUNCT
cblr-2937	957	73	as	as	SCONJ
cblr-2937	957	74	both	both	DET
cblr-2937	957	75	commentators	commentator	NOUN
cblr-2937	957	76	29	29	NUM
cblr-2937	957	77	and	and	CCONJ
cblr-2937	957	78	the	the	DET
cblr-2937	957	79	agencies	agency	NOUN
cblr-2937	957	80	themselves	themselves	PRON
cblr-2937	957	81	210	210	NUM
cblr-2937	957	82	have	have	AUX
cblr-2937	957	83	observed	observe	VERB
cblr-2937	957	84	.	.	PUNCT
cblr-2937	958	1	206	206	NUM
cblr-2937	958	2	see	see	VERB
cblr-2937	958	3	standard	standard	PROPN
cblr-2937	958	4	&	&	CCONJ
cblr-2937	958	5	poor	poor	PROPN
cblr-2937	958	6	's	's	PART
cblr-2937	958	7	,	,	PUNCT
cblr-2937	958	8	supra	supra	PROPN
cblr-2937	958	9	note	note	NOUN
cblr-2937	958	10	172	172	NUM
cblr-2937	958	11	,	,	PUNCT
cblr-2937	958	12	at	at	ADP
cblr-2937	958	13	11	11	NUM
cblr-2937	958	14	.	.	PUNCT
cblr-2937	958	15	207	207	NUM
cblr-2937	958	16	securities	security	NOUN
cblr-2937	958	17	industry	industry	NOUN
cblr-2937	958	18	and	and	CCONJ
cblr-2937	958	19	financial	financial	ADJ
cblr-2937	958	20	markets	market	NOUN
cblr-2937	958	21	association	association	NOUN
cblr-2937	958	22	,	,	PUNCT
cblr-2937	958	23	global	global	ADJ
cblr-2937	958	24	cdo	cdo	ADJ
cblr-2937	958	25	market	market	NOUN
cblr-2937	958	26	issuance	issuance	NOUN
cblr-2937	958	27	data	datum	NOUN
cblr-2937	958	28	(	(	PUNCT
cblr-2937	958	29	2008	2008	NUM
cblr-2937	958	30	)	)	PUNCT
cblr-2937	958	31	,	,	PUNCT
cblr-2937	958	32	http://www.sifma.org/	http://www.sifma.org/	NOUN
cblr-2937	958	33	researcb	researcb	PROPN
cblr-2937	958	34	/	/	SYM
cblr-2937	958	35	pdf	pdf	NOUN
cblr-2937	958	36	/	/	SYM
cblr-2937	958	37	cdo	cdo	PROPN
cblr-2937	958	38	data2008-q4.pdf	data2008-q4.pdf	NOUN
cblr-2937	958	39	.	.	PUNCT
cblr-2937	959	1	cdo	cdo	ADJ
cblr-2937	959	2	issuance	issuance	NOUN
cblr-2937	959	3	plunged	plunge	VERB
cblr-2937	959	4	as	as	SCONJ
cblr-2937	959	5	the	the	DET
cblr-2937	959	6	crisis	crisis	NOUN
cblr-2937	959	7	took	take	VERB
cblr-2937	959	8	hold	hold	NOUN
cblr-2937	959	9	:	:	PUNCT
cblr-2937	959	10	issuance	issuance	NOUN
cblr-2937	959	11	was	be	AUX
cblr-2937	959	12	$	$	SYM
cblr-2937	959	13	482	482	NUM
cblr-2937	959	14	billion	billion	NUM
cblr-2937	959	15	in	in	ADP
cblr-2937	959	16	2007	2007	NUM
cblr-2937	959	17	and	and	CCONJ
cblr-2937	959	18	$	$	SYM
cblr-2937	959	19	56	56	NUM
cblr-2937	959	20	billion	billion	NUM
cblr-2937	959	21	in	in	ADP
cblr-2937	959	22	2008	2008	NUM
cblr-2937	959	23	.	.	PUNCT
cblr-2937	960	1	i	i	PRON
cblr-2937	960	2	d.	d.	PROPN
cblr-2937	960	3	208	208	NUM
cblr-2937	960	4	iosco	iosco	PROPN
cblr-2937	960	5	cra	cra	PROPN
cblr-2937	960	6	report	report	PROPN
cblr-2937	960	7	,	,	PUNCT
cblr-2937	960	8	supra	supra	PROPN
cblr-2937	960	9	note	note	PROPN
cblr-2937	960	10	36	36	NUM
cblr-2937	960	11	,	,	PUNCT
cblr-2937	960	12	at	at	ADP
cblr-2937	960	13	5	5	NUM
cblr-2937	960	14	(	(	PUNCT
cblr-2937	960	15	"	"	PUNCT
cblr-2937	960	16	not	not	PART
cblr-2937	960	17	all	all	PRON
cblr-2937	960	18	structured	structured	ADJ
cblr-2937	960	19	finance	finance	NOUN
cblr-2937	960	20	products	product	NOUN
cblr-2937	960	21	are	be	AUX
cblr-2937	960	22	rated	rate	VERB
cblr-2937	960	23	by	by	ADP
cblr-2937	960	24	cras	cras	PROPN
cblr-2937	960	25	.	.	PUNCT
cblr-2937	961	1	indeed	indeed	ADV
cblr-2937	961	2	,	,	PUNCT
cblr-2937	961	3	for	for	ADP
cblr-2937	961	4	many	many	ADJ
cblr-2937	961	5	particularly	particularly	ADV
cblr-2937	961	6	complicated	complicated	ADJ
cblr-2937	961	7	or	or	CCONJ
cblr-2937	961	8	risky	risky	ADJ
cblr-2937	961	9	cdos	cdo	NOUN
cblr-2937	961	10	,	,	PUNCT
cblr-2937	961	11	credit	credit	NOUN
cblr-2937	961	12	ratings	rating	NOUN
cblr-2937	961	13	are	be	AUX
cblr-2937	961	14	unusual	unusual	ADJ
cblr-2937	961	15	.	.	PUNCT
cblr-2937	961	16	"	"	PUNCT
cblr-2937	961	17	)	)	PUNCT
cblr-2937	961	18	.	.	PUNCT
cblr-2937	962	1	209	209	NUM
cblr-2937	962	2	see	see	VERB
cblr-2937	962	3	mason	mason	PROPN
cblr-2937	962	4	&	&	CCONJ
cblr-2937	962	5	rosner	rosner	PROPN
cblr-2937	962	6	,	,	PUNCT
cblr-2937	962	7	supra	supra	PROPN
cblr-2937	962	8	note	note	PROPN
cblr-2937	962	9	25	25	NUM
cblr-2937	962	10	,	,	PUNCT
cblr-2937	962	11	at	at	ADP
cblr-2937	962	12	17	17	NUM
cblr-2937	962	13	.	.	PUNCT
cblr-2937	962	14	210	210	NUM
cblr-2937	962	15	moody	moody	PROPN
cblr-2937	962	16	's	's	PART
cblr-2937	962	17	corp	corp	PROPN
cblr-2937	962	18	.	.	PROPN
cblr-2937	962	19	,	,	PUNCT
cblr-2937	962	20	supra	supra	PROPN
cblr-2937	962	21	note	note	PROPN
cblr-2937	962	22	1	1	NUM
cblr-2937	962	23	,	,	PUNCT
cblr-2937	962	24	at	at	ADP
cblr-2937	962	25	3	3	NUM
cblr-2937	962	26	(	(	PUNCT
cblr-2937	962	27	"	"	PUNCT
cblr-2937	962	28	growth	growth	NOUN
cblr-2937	962	29	in	in	ADP
cblr-2937	962	30	issuance	issuance	NOUN
cblr-2937	962	31	of	of	ADP
cblr-2937	962	32	structured	structured	ADJ
cblr-2937	962	33	finance	finance	NOUN
cblr-2937	962	34	securities	security	NOUN
cblr-2937	962	35	has	have	AUX
cblr-2937	962	36	generally	generally	ADV
cblr-2937	962	37	been	be	AUX
cblr-2937	962	38	stronger	strong	ADJ
cblr-2937	962	39	than	than	ADP
cblr-2937	962	40	growth	growth	NOUN
cblr-2937	962	41	in	in	ADP
cblr-2937	962	42	straight	straight	ADJ
cblr-2937	962	43	corporate	corporate	ADJ
cblr-2937	962	44	and	and	CCONJ
cblr-2937	962	45	financial	financial	ADJ
cblr-2937	962	46	institutions	institution	NOUN
cblr-2937	962	47	debt	debt	NOUN
cblr-2937	962	48	issuance	issuance	NOUN
cblr-2937	962	49	.	.	PUNCT
cblr-2937	962	50	.	.	PUNCT
cblr-2937	962	51	.	.	PUNCT
cblr-2937	962	52	.	.	PUNCT
cblr-2937	963	1	"	"	PUNCT
cblr-2937	963	2	)	)	PUNCT
cblr-2937	963	3	;	;	PUNCT
cblr-2937	963	4	see	see	VERB
cblr-2937	963	5	also	also	ADV
cblr-2937	963	6	i	i	PROPN
cblr-2937	963	7	d.	d.	PROPN
cblr-2937	963	8	at	at	ADP
cblr-2937	963	9	2	2	NUM
cblr-2937	963	10	(	(	PUNCT
cblr-2937	963	11	as	as	ADP
cblr-2937	963	12	of	of	ADP
cblr-2937	963	13	2007	2007	NUM
cblr-2937	963	14	,	,	PUNCT
cblr-2937	963	15	moody	moody	PROPN
cblr-2937	963	16	's	's	PART
cblr-2937	963	17	had	have	AUX
cblr-2937	963	18	rated	rate	VERB
cblr-2937	963	19	"	"	PUNCT
cblr-2937	963	20	more	more	ADJ
cblr-2937	963	21	than	than	ADP
cblr-2937	963	22	110,000	110,000	NUM
cblr-2937	963	23	structured	structured	ADJ
cblr-2937	963	24	finance	finance	NOUN
cblr-2937	963	25	obligations	obligation	NOUN
cblr-2937	963	26	"	"	PUNCT
cblr-2937	963	27	)	)	PUNCT
cblr-2937	963	28	.	.	PUNCT
cblr-2937	964	1	moody	moody	PROPN
cblr-2937	964	2	's	's	PART
cblr-2937	964	3	stated	state	VERB
cblr-2937	964	4	that	that	SCONJ
cblr-2937	964	5	"	"	PUNCT
cblr-2937	964	6	[	[	PUNCT
cblr-2937	964	7	clompared	clompare	VERB
cblr-2937	964	8	with	with	ADP
cblr-2937	964	9	2007	2007	NUM
cblr-2937	964	10	,	,	PUNCT
cblr-2937	964	11	moody	moody	PROPN
cblr-2937	964	12	's	's	PART
cblr-2937	964	13	[	[	X
cblr-2937	964	14	vol	vol	NOUN
cblr-2937	964	15	.	.	NOUN
cblr-2937	964	16	2009	2009	NUM
cblr-2937	964	17	credit	credit	NOUN
cblr-2937	964	18	ra	ra	PROPN
cblr-2937	964	19	ting	ting	PROPN
cblr-2937	964	20	agencies	agencies	PROPN
cblr-2937	964	21	data	datum	NOUN
cblr-2937	964	22	from	from	ADP
cblr-2937	964	23	moody	moody	PROPN
cblr-2937	964	24	's	's	PART
cblr-2937	964	25	,	,	PUNCT
cblr-2937	964	26	the	the	DET
cblr-2937	964	27	only	only	ADJ
cblr-2937	964	28	major	major	ADJ
cblr-2937	964	29	agency	agency	NOUN
cblr-2937	964	30	that	that	PRON
cblr-2937	964	31	presents	present	VERB
cblr-2937	964	32	rating	rating	NOUN
cblr-2937	964	33	revenues	revenue	NOUN
cblr-2937	964	34	by	by	ADP
cblr-2937	964	35	category	category	NOUN
cblr-2937	964	36	,	,	PUNCT
cblr-2937	964	37	suggest	suggest	VERB
cblr-2937	964	38	that	that	SCONJ
cblr-2937	964	39	revenues	revenue	NOUN
cblr-2937	964	40	from	from	ADP
cblr-2937	964	41	novel	novel	ADJ
cblr-2937	964	42	product	product	NOUN
cblr-2937	964	43	ratings	rating	NOUN
cblr-2937	964	44	were	be	AUX
cblr-2937	964	45	high	high	ADJ
cblr-2937	964	46	enough	enough	ADV
cblr-2937	964	47	to	to	PART
cblr-2937	964	48	have	have	AUX
cblr-2937	964	49	tempted	tempt	VERB
cblr-2937	964	50	it	it	PRON
cblr-2937	964	51	to	to	PART
cblr-2937	964	52	risk	risk	VERB
cblr-2937	964	53	its	its	PRON
cblr-2937	964	54	reputation	reputation	NOUN
cblr-2937	964	55	in	in	ADP
cblr-2937	964	56	traditional	traditional	ADJ
cblr-2937	964	57	-	-	PUNCT
cblr-2937	964	58	product	product	NOUN
cblr-2937	964	59	ratings.21	ratings.21	NOUN
cblr-2937	964	60	'	'	PART
cblr-2937	964	61	moody	moody	PROPN
cblr-2937	964	62	's	's	PART
cblr-2937	964	63	structured	structured	ADJ
cblr-2937	964	64	-	-	PUNCT
cblr-2937	964	65	finance	finance	NOUN
cblr-2937	964	66	ratings	rating	NOUN
cblr-2937	964	67	revenue	revenue	NOUN
cblr-2937	964	68	grew	grow	VERB
cblr-2937	964	69	87	87	NUM
cblr-2937	964	70	%	%	NOUN
cblr-2937	964	71	from	from	ADP
cblr-2937	964	72	2003	2003	NUM
cblr-2937	964	73	to	to	ADP
cblr-2937	964	74	2006	2006	NUM
cblr-2937	964	75	,	,	PUNCT
cblr-2937	964	76	accounted	account	VERB
cblr-2937	964	77	for	for	ADP
cblr-2937	964	78	54	54	NUM
cblr-2937	964	79	%	%	NOUN
cblr-2937	964	80	of	of	ADP
cblr-2937	964	81	all	all	DET
cblr-2937	964	82	rating	rating	NOUN
cblr-2937	964	83	revenue	revenue	NOUN
cblr-2937	964	84	in	in	ADP
cblr-2937	964	85	2006	2006	NUM
cblr-2937	964	86	,	,	PUNCT
cblr-2937	964	87	and	and	CCONJ
cblr-2937	964	88	accounted	account	VERB
cblr-2937	964	89	for	for	ADP
cblr-2937	964	90	two	two	NUM
cblr-2937	964	91	thirds	third	NOUN
cblr-2937	964	92	of	of	ADP
cblr-2937	964	93	all	all	DET
cblr-2937	964	94	rating	rating	NOUN
cblr-2937	964	95	revenue	revenue	NOUN
cblr-2937	964	96	growth	growth	NOUN
cblr-2937	964	97	over	over	ADP
cblr-2937	964	98	the	the	DET
cblr-2937	964	99	period	period	NOUN
cblr-2937	964	100	.	.	PUNCT
cblr-2937	965	1	from	from	ADP
cblr-2937	965	2	1999	1999	NUM
cblr-2937	965	3	to	to	ADP
cblr-2937	965	4	2007	2007	NUM
cblr-2937	965	5	,	,	PUNCT
cblr-2937	965	6	structured	structure	VERB
cblr-2937	965	7	product	product	NOUN
cblr-2937	965	8	revenue	revenue	NOUN
cblr-2937	965	9	rose	rise	VERB
cblr-2937	965	10	from	from	ADP
cblr-2937	965	11	$	$	SYM
cblr-2937	965	12	172	172	NUM
cblr-2937	965	13	million	million	NUM
cblr-2937	965	14	to	to	PART
cblr-2937	965	15	$	$	SYM
cblr-2937	965	16	891	891	NUM
cblr-2937	965	17	million	million	NUM
cblr-2937	965	18	-	-	PUNCT
cblr-2937	965	19	an	an	DET
cblr-2937	965	20	increase	increase	NOUN
cblr-2937	965	21	of	of	ADP
cblr-2937	965	22	over	over	ADP
cblr-2937	965	23	415%.212	415%.212	NOUN
cblr-2937	965	24	thus	thus	ADV
cblr-2937	965	25	,	,	PUNCT
cblr-2937	965	26	even	even	ADV
cblr-2937	965	27	if	if	SCONJ
cblr-2937	965	28	agencies	agency	NOUN
cblr-2937	965	29	faced	face	VERB
cblr-2937	965	30	a	a	DET
cblr-2937	965	31	risk	risk	NOUN
cblr-2937	965	32	of	of	ADP
cblr-2937	965	33	reputational	reputational	ADJ
cblr-2937	965	34	spillover	spillover	NOUN
cblr-2937	965	35	,	,	PUNCT
cblr-2937	965	36	evidence	evidence	NOUN
cblr-2937	965	37	from	from	ADP
cblr-2937	965	38	the	the	DET
cblr-2937	965	39	recent	recent	ADJ
cblr-2937	965	40	past	past	NOUN
cblr-2937	965	41	suggests	suggest	VERB
cblr-2937	965	42	that	that	SCONJ
cblr-2937	965	43	novelproduct	novelproduct	NOUN
cblr-2937	965	44	ratings	rating	NOUN
cblr-2937	965	45	were	be	AUX
cblr-2937	965	46	lucrative	lucrative	ADJ
cblr-2937	965	47	enough	enough	ADV
cblr-2937	965	48	to	to	PART
cblr-2937	965	49	tempt	tempt	VERB
cblr-2937	965	50	them	they	PRON
cblr-2937	965	51	to	to	PART
cblr-2937	965	52	take	take	VERB
cblr-2937	965	53	that	that	DET
cblr-2937	965	54	risk	risk	NOUN
cblr-2937	965	55	,	,	PUNCT
cblr-2937	965	56	and	and	CCONJ
cblr-2937	965	57	that	that	SCONJ
cblr-2937	965	58	if	if	SCONJ
cblr-2937	965	59	financial	financial	ADJ
cblr-2937	965	60	innovation	innovation	NOUN
cblr-2937	965	61	continues	continue	VERB
cblr-2937	965	62	to	to	PART
cblr-2937	965	63	be	be	AUX
cblr-2937	965	64	important	important	ADJ
cblr-2937	965	65	,	,	PUNCT
cblr-2937	965	66	then	then	ADV
cblr-2937	965	67	agencies	agency	NOUN
cblr-2937	965	68	will	will	AUX
cblr-2937	965	69	continue	continue	VERB
cblr-2937	965	70	to	to	PART
cblr-2937	965	71	face	face	VERB
cblr-2937	965	72	that	that	DET
cblr-2937	965	73	temptation	temptation	NOUN
cblr-2937	965	74	.	.	PUNCT
cblr-2937	966	1	expects	expect	VERB
cblr-2937	966	2	a	a	DET
cblr-2937	966	3	decline	decline	NOUN
cblr-2937	966	4	in	in	ADP
cblr-2937	966	5	structured	structured	ADJ
cblr-2937	966	6	finance	finance	NOUN
cblr-2937	966	7	revenue	revenue	NOUN
cblr-2937	966	8	at	at	ADP
cblr-2937	966	9	least	least	ADJ
cblr-2937	966	10	through	through	ADP
cblr-2937	966	11	2008	2008	NUM
cblr-2937	966	12	and	and	CCONJ
cblr-2937	966	13	possibly	possibly	ADV
cblr-2937	966	14	into	into	ADP
cblr-2937	966	15	2009	2009	NUM
cblr-2937	966	16	and	and	CCONJ
cblr-2937	966	17	beyond	beyond	ADP
cblr-2937	966	18	.	.	PUNCT
cblr-2937	966	19	"	"	PUNCT
cblr-2937	967	1	i	i	PRON
cblr-2937	967	2	d.	d.	PROPN
cblr-2937	967	3	211	211	NUM
cblr-2937	967	4	see	see	VERB
cblr-2937	967	5	,	,	PUNCT
cblr-2937	967	6	e.g.	e.g.	ADV
cblr-2937	967	7	,	,	PUNCT
cblr-2937	967	8	moody	moody	PROPN
cblr-2937	967	9	's	's	PART
cblr-2937	967	10	corp	corp	PROPN
cblr-2937	967	11	.	.	PROPN
cblr-2937	967	12	,	,	PUNCT
cblr-2937	967	13	annual	annual	ADJ
cblr-2937	967	14	report	report	NOUN
cblr-2937	967	15	(	(	PUNCT
cblr-2937	967	16	form	form	NOUN
cblr-2937	967	17	10	10	NUM
cblr-2937	967	18	-	-	PUNCT
cblr-2937	967	19	k	k	NOUN
cblr-2937	967	20	)	)	PUNCT
cblr-2937	967	21	(	(	PUNCT
cblr-2937	967	22	mar	mar	PROPN
cblr-2937	967	23	.	.	PROPN
cblr-2937	967	24	8	8	NUM
cblr-2937	967	25	,	,	PUNCT
cblr-2937	967	26	2005	2005	NUM
cblr-2937	967	27	)	)	PUNCT
cblr-2937	967	28	;	;	PUNCT
cblr-2937	967	29	moody	moody	PROPN
cblr-2937	967	30	's	's	PART
cblr-2937	967	31	corp	corp	PROPN
cblr-2937	967	32	.	.	PROPN
cblr-2937	967	33	,	,	PUNCT
cblr-2937	967	34	annual	annual	ADJ
cblr-2937	967	35	report	report	NOUN
cblr-2937	967	36	(	(	PUNCT
cblr-2937	967	37	form	form	NOUN
cblr-2937	967	38	10	10	NUM
cblr-2937	967	39	-	-	PUNCT
cblr-2937	967	40	k	k	NOUN
cblr-2937	967	41	)	)	PUNCT
cblr-2937	967	42	(	(	PUNCT
cblr-2937	967	43	mar	mar	PROPN
cblr-2937	967	44	.	.	PROPN
cblr-2937	967	45	1	1	NUM
cblr-2937	967	46	,	,	PUNCT
cblr-2937	967	47	2006	2006	NUM
cblr-2937	967	48	)	)	PUNCT
cblr-2937	967	49	;	;	PUNCT
cblr-2937	967	50	moody	moody	PROPN
cblr-2937	967	51	's	's	PART
cblr-2937	967	52	corp	corp	PROPN
cblr-2937	967	53	.	.	PROPN
cblr-2937	967	54	,	,	PUNCT
cblr-2937	967	55	annual	annual	ADJ
cblr-2937	967	56	report	report	NOUN
cblr-2937	967	57	(	(	PUNCT
cblr-2937	967	58	form	form	NOUN
cblr-2937	967	59	10	10	NUM
cblr-2937	967	60	-	-	PUNCT
cblr-2937	967	61	k	k	NOUN
cblr-2937	967	62	)	)	PUNCT
cblr-2937	967	63	(	(	PUNCT
cblr-2937	967	64	mar	mar	PROPN
cblr-2937	967	65	.	.	PROPN
cblr-2937	967	66	1	1	NUM
cblr-2937	967	67	,	,	PUNCT
cblr-2937	967	68	2007	2007	NUM
cblr-2937	967	69	)	)	PUNCT
cblr-2937	967	70	.	.	PUNCT
cblr-2937	968	1	s&p	s&p	PROPN
cblr-2937	968	2	(	(	PUNCT
cblr-2937	968	3	a	a	DET
cblr-2937	968	4	unit	unit	NOUN
cblr-2937	968	5	of	of	ADP
cblr-2937	968	6	the	the	DET
cblr-2937	968	7	mcgrawhill	mcgrawhill	NOUN
cblr-2937	968	8	companies	company	NOUN
cblr-2937	968	9	)	)	PUNCT
cblr-2937	968	10	does	do	AUX
cblr-2937	968	11	not	not	PART
cblr-2937	968	12	separately	separately	ADV
cblr-2937	968	13	report	report	VERB
cblr-2937	968	14	structured	structure	VERB
cblr-2937	968	15	-	-	PUNCT
cblr-2937	968	16	finance	finance	NOUN
cblr-2937	968	17	revenues	revenue	NOUN
cblr-2937	968	18	,	,	PUNCT
cblr-2937	968	19	but	but	CCONJ
cblr-2937	968	20	mcgraw	mcgraw	PROPN
cblr-2937	968	21	-	-	PUNCT
cblr-2937	968	22	hill	hill	PROPN
cblr-2937	968	23	's	's	PART
cblr-2937	968	24	2006	2006	NUM
cblr-2937	968	25	annual	annual	ADJ
cblr-2937	968	26	report	report	NOUN
cblr-2937	968	27	makes	make	VERB
cblr-2937	968	28	a	a	DET
cblr-2937	968	29	similar	similar	ADJ
cblr-2937	968	30	point	point	NOUN
cblr-2937	968	31	,	,	PUNCT
cblr-2937	968	32	stating	state	VERB
cblr-2937	968	33	:	:	PUNCT
cblr-2937	968	34	"	"	PUNCT
cblr-2937	968	35	financial	financial	ADJ
cblr-2937	968	36	services	service	NOUN
cblr-2937	968	37	segment	segment	NOUN
cblr-2937	968	38	continued	continue	VERB
cblr-2937	968	39	to	to	PART
cblr-2937	968	40	experience	experience	VERB
cblr-2937	968	41	double	double	ADJ
cblr-2937	968	42	-	-	PUNCT
cblr-2937	968	43	digit	digit	NOUN
cblr-2937	968	44	growth	growth	NOUN
cblr-2937	968	45	in	in	ADP
cblr-2937	968	46	revenue	revenue	NOUN
cblr-2937	968	47	and	and	CCONJ
cblr-2937	968	48	operating	operating	NOUN
cblr-2937	968	49	profit	profit	NOUN
cblr-2937	968	50	in	in	ADP
cblr-2937	968	51	2006	2006	NUM
cblr-2937	968	52	,	,	PUNCT
cblr-2937	968	53	increasing	increase	VERB
cblr-2937	968	54	14.4	14.4	NUM
cblr-2937	968	55	%	%	NOUN
cblr-2937	968	56	and	and	CCONJ
cblr-2937	968	57	18.0	18.0	NUM
cblr-2937	968	58	%	%	NOUN
cblr-2937	968	59	,	,	PUNCT
cblr-2937	968	60	respectively	respectively	ADV
cblr-2937	968	61	,	,	PUNCT
cblr-2937	968	62	over	over	ADP
cblr-2937	968	63	2005	2005	NUM
cblr-2937	968	64	results	result	NOUN
cblr-2937	968	65	.	.	PUNCT
cblr-2937	969	1	the	the	DET
cblr-2937	969	2	increases	increase	NOUN
cblr-2937	969	3	in	in	ADP
cblr-2937	969	4	revenue	revenue	NOUN
cblr-2937	969	5	and	and	CCONJ
cblr-2937	969	6	operating	operating	NOUN
cblr-2937	969	7	profit	profit	NOUN
cblr-2937	969	8	were	be	AUX
cblr-2937	969	9	due	due	ADJ
cblr-2937	969	10	to	to	ADP
cblr-2937	969	11	the	the	DET
cblr-2937	969	12	performance	performance	NOUN
cblr-2937	969	13	of	of	ADP
cblr-2937	969	14	structured	structured	ADJ
cblr-2937	969	15	finance	finance	NOUN
cblr-2937	969	16	and	and	CCONJ
cblr-2937	969	17	corporate	corporate	ADJ
cblr-2937	969	18	(	(	PUNCT
cblr-2937	969	19	industrial	industrial	ADJ
cblr-2937	969	20	and	and	CCONJ
cblr-2937	969	21	financial	financial	ADJ
cblr-2937	969	22	services	service	NOUN
cblr-2937	969	23	)	)	PUNCT
cblr-2937	969	24	and	and	CCONJ
cblr-2937	969	25	government	government	NOUN
cblr-2937	969	26	ratings	rating	NOUN
cblr-2937	969	27	,	,	PUNCT
cblr-2937	969	28	which	which	PRON
cblr-2937	969	29	represented	represent	VERB
cblr-2937	969	30	approximately	approximately	ADV
cblr-2937	969	31	55.4	55.4	NUM
cblr-2937	969	32	%	%	NOUN
cblr-2937	969	33	and	and	CCONJ
cblr-2937	969	34	33.7	33.7	NUM
cblr-2937	969	35	%	%	NOUN
cblr-2937	969	36	,	,	PUNCT
cblr-2937	969	37	respectively	respectively	ADV
cblr-2937	969	38	,	,	PUNCT
cblr-2937	969	39	of	of	ADP
cblr-2937	969	40	the	the	DET
cblr-2937	969	41	growth	growth	NOUN
cblr-2937	969	42	in	in	ADP
cblr-2937	969	43	revenue	revenue	NOUN
cblr-2937	969	44	.	.	PUNCT
cblr-2937	969	45	"	"	PUNCT
cblr-2937	970	1	mcgraw	mcgraw	PROPN
cblr-2937	970	2	-	-	PUNCT
cblr-2937	970	3	hill	hill	NOUN
cblr-2937	970	4	companies	company	NOUN
cblr-2937	970	5	,	,	PUNCT
cblr-2937	970	6	2006	2006	NUM
cblr-2937	970	7	annual	annual	ADJ
cblr-2937	970	8	report	report	NOUN
cblr-2937	970	9	39	39	NUM
cblr-2937	970	10	(	(	PUNCT
cblr-2937	970	11	2007	2007	NUM
cblr-2937	970	12	)	)	PUNCT
cblr-2937	970	13	.	.	PUNCT
cblr-2937	971	1	the	the	DET
cblr-2937	971	2	first	first	ADJ
cblr-2937	971	3	item	item	NOUN
cblr-2937	971	4	mentioned	mention	VERB
cblr-2937	971	5	in	in	ADP
cblr-2937	971	6	explaining	explain	VERB
cblr-2937	971	7	the	the	DET
cblr-2937	971	8	increases	increase	NOUN
cblr-2937	971	9	is	be	AUX
cblr-2937	971	10	that	that	SCONJ
cblr-2937	971	11	"	"	PUNCT
cblr-2937	971	12	[	[	X
cblr-2937	971	13	iun	iun	PROPN
cblr-2937	971	14	the	the	DET
cblr-2937	971	15	u.s	u.s	PROPN
cblr-2937	971	16	.	.	PROPN
cblr-2937	971	17	,	,	PUNCT
cblr-2937	971	18	strong	strong	ADJ
cblr-2937	971	19	growth	growth	NOUN
cblr-2937	971	20	was	be	AUX
cblr-2937	971	21	experienced	experience	VERB
cblr-2937	971	22	in	in	ADP
cblr-2937	971	23	the	the	DET
cblr-2937	971	24	issuance	issuance	NOUN
cblr-2937	971	25	of	of	ADP
cblr-2937	971	26	commercial	commercial	ADJ
cblr-2937	971	27	mortgagebacked	mortgagebacke	VERB
cblr-2937	971	28	securities	security	NOUN
cblr-2937	971	29	(	(	PUNCT
cblr-2937	971	30	cmbs	cmbs	PROPN
cblr-2937	971	31	)	)	PUNCT
cblr-2937	971	32	and	and	CCONJ
cblr-2937	971	33	collateralized	collateralized	ADJ
cblr-2937	971	34	debt	debt	NOUN
cblr-2937	971	35	obligations	obligation	NOUN
cblr-2937	971	36	(	(	PUNCT
cblr-2937	971	37	cdos	cdo	NOUN
cblr-2937	971	38	)	)	PUNCT
cblr-2937	971	39	.	.	PUNCT
cblr-2937	971	40	"	"	PUNCT
cblr-2937	972	1	i	i	PRON
cblr-2937	972	2	d.	d.	PROPN
cblr-2937	972	3	212	212	NUM
cblr-2937	972	4	moody	moody	PROPN
cblr-2937	972	5	's	's	PART
cblr-2937	972	6	corp	corp	PROPN
cblr-2937	972	7	.	.	PROPN
cblr-2937	972	8	,	,	PUNCT
cblr-2937	972	9	supra	supra	PROPN
cblr-2937	972	10	note	note	PROPN
cblr-2937	972	11	1	1	NUM
cblr-2937	972	12	,	,	PUNCT
cblr-2937	972	13	at	at	ADP
cblr-2937	972	14	76	76	NUM
cblr-2937	972	15	;	;	PUNCT
cblr-2937	972	16	moody	moody	PROPN
cblr-2937	972	17	's	's	PART
cblr-2937	972	18	corp	corp	PROPN
cblr-2937	972	19	.	.	PROPN
cblr-2937	972	20	,	,	PUNCT
cblr-2937	972	21	annual	annual	ADJ
cblr-2937	972	22	report	report	NOUN
cblr-2937	972	23	(	(	PUNCT
cblr-2937	972	24	form	form	NOUN
cblr-2937	972	25	10	10	NUM
cblr-2937	972	26	-	-	PUNCT
cblr-2937	972	27	k	k	NOUN
cblr-2937	972	28	)	)	PUNCT
cblr-2937	972	29	,	,	PUNCT
cblr-2937	972	30	at	at	ADP
cblr-2937	972	31	39	39	NUM
cblr-2937	972	32	(	(	PUNCT
cblr-2937	972	33	mar	mar	PROPN
cblr-2937	972	34	.	.	PROPN
cblr-2937	972	35	22	22	NUM
cblr-2937	972	36	,	,	PUNCT
cblr-2937	972	37	2002	2002	NUM
cblr-2937	972	38	)	)	PUNCT
cblr-2937	972	39	.	.	PUNCT
cblr-2937	973	1	no	no	INTJ
cblr-2937	973	2	.	.	PUNCT
cblr-2937	974	1	1:109	1:109	NUM
cblr-2937	974	2	]	]	X
cblr-2937	974	3	columbia	columbia	PROPN
cblr-2937	974	4	business	business	PROPN
cblr-2937	974	5	law	law	PROPN
cblr-2937	974	6	review	review	NOUN
cblr-2937	974	7	2	2	NUM
cblr-2937	974	8	.	.	PUNCT
cblr-2937	975	1	the	the	DET
cblr-2937	975	2	rating	rating	NOUN
cblr-2937	975	3	agency	agency	NOUN
cblr-2937	975	4	knows	know	VERB
cblr-2937	975	5	whether	whether	SCONJ
cblr-2937	975	6	it	it	PRON
cblr-2937	975	7	is	be	AUX
cblr-2937	975	8	capable	capable	ADJ
cblr-2937	975	9	of	of	ADP
cblr-2937	975	10	rating	rate	VERB
cblr-2937	975	11	new	new	ADJ
cblr-2937	975	12	instruments	instrument	NOUN
cblr-2937	975	13	with	with	ADP
cblr-2937	975	14	high	high	ADJ
cblr-2937	975	15	quality	quality	NOUN
cblr-2937	975	16	this	this	DET
cblr-2937	975	17	point	point	NOUN
cblr-2937	975	18	depends	depend	VERB
cblr-2937	975	19	on	on	ADP
cblr-2937	975	20	evidence	evidence	NOUN
cblr-2937	975	21	from	from	ADP
cblr-2937	975	22	inside	inside	ADP
cblr-2937	975	23	the	the	DET
cblr-2937	975	24	rating	rating	NOUN
cblr-2937	975	25	agencies	agency	NOUN
cblr-2937	975	26	,	,	PUNCT
cblr-2937	975	27	which	which	PRON
cblr-2937	975	28	is	be	AUX
cblr-2937	975	29	limited	limit	VERB
cblr-2937	975	30	.	.	PUNCT
cblr-2937	976	1	the	the	DET
cblr-2937	976	2	material	material	NOUN
cblr-2937	976	3	that	that	PRON
cblr-2937	976	4	is	be	AUX
cblr-2937	976	5	available	available	ADJ
cblr-2937	976	6	suggests	suggest	VERB
cblr-2937	976	7	that	that	SCONJ
cblr-2937	976	8	it	it	PRON
cblr-2937	976	9	is	be	AUX
cblr-2937	976	10	plausible	plausible	ADJ
cblr-2937	976	11	both	both	CCONJ
cblr-2937	976	12	that	that	SCONJ
cblr-2937	976	13	agency	agency	NOUN
cblr-2937	976	14	ratings	rating	NOUN
cblr-2937	976	15	were	be	AUX
cblr-2937	976	16	of	of	ADP
cblr-2937	976	17	low	low	ADJ
cblr-2937	976	18	quality	quality	NOUN
cblr-2937	976	19	and	and	CCONJ
cblr-2937	976	20	that	that	SCONJ
cblr-2937	976	21	agencies	agency	NOUN
cblr-2937	976	22	were	be	AUX
cblr-2937	976	23	aware	aware	ADJ
cblr-2937	976	24	of	of	ADP
cblr-2937	976	25	this	this	PRON
cblr-2937	976	26	.	.	PUNCT
cblr-2937	977	1	observers	observer	NOUN
cblr-2937	977	2	of	of	ADP
cblr-2937	977	3	all	all	DET
cblr-2937	977	4	stripes	stripe	NOUN
cblr-2937	977	5	have	have	AUX
cblr-2937	977	6	suggested	suggest	VERB
cblr-2937	977	7	that	that	SCONJ
cblr-2937	977	8	agency	agency	NOUN
cblr-2937	977	9	models	model	NOUN
cblr-2937	977	10	and	and	CCONJ
cblr-2937	977	11	available	available	ADJ
cblr-2937	977	12	data	datum	NOUN
cblr-2937	977	13	simply	simply	ADV
cblr-2937	977	14	were	be	AUX
cblr-2937	977	15	not	not	PART
cblr-2937	977	16	good	good	ADJ
cblr-2937	977	17	enough	enough	ADV
cblr-2937	977	18	for	for	SCONJ
cblr-2937	977	19	the	the	DET
cblr-2937	977	20	agencies	agency	NOUN
cblr-2937	977	21	to	to	PART
cblr-2937	977	22	issue	issue	VERB
cblr-2937	977	23	high	high	ADJ
cblr-2937	977	24	-	-	PUNCT
cblr-2937	977	25	quality	quality	NOUN
cblr-2937	977	26	ratings	rating	NOUN
cblr-2937	977	27	on	on	ADP
cblr-2937	977	28	novel	novel	ADJ
cblr-2937	977	29	products	product	NOUN
cblr-2937	977	30	such	such	ADJ
cblr-2937	977	31	as	as	ADP
cblr-2937	977	32	subprime	subprime	ADJ
cblr-2937	977	33	rmbs	rmb	NOUN
cblr-2937	977	34	.	.	PUNCT
cblr-2937	978	1	market	market	NOUN
cblr-2937	978	2	participants	participant	NOUN
cblr-2937	978	3	have	have	AUX
cblr-2937	978	4	raised	raise	VERB
cblr-2937	978	5	the	the	DET
cblr-2937	978	6	question	question	NOUN
cblr-2937	978	7	of	of	ADP
cblr-2937	978	8	agency	agency	NOUN
cblr-2937	978	9	competence,213	competence,213	PROPN
cblr-2937	978	10	and	and	CCONJ
cblr-2937	978	11	commenters	commenter	NOUN
cblr-2937	978	12	have	have	AUX
cblr-2937	978	13	argued	argue	VERB
cblr-2937	978	14	,	,	PUNCT
cblr-2937	978	15	for	for	ADP
cblr-2937	978	16	example	example	NOUN
cblr-2937	978	17	,	,	PUNCT
cblr-2937	978	18	that	that	SCONJ
cblr-2937	978	19	:	:	PUNCT
cblr-2937	978	20	(	(	PUNCT
cblr-2937	978	21	1	1	X
cblr-2937	978	22	)	)	PUNCT
cblr-2937	978	23	the	the	DET
cblr-2937	978	24	default	default	NOUN
cblr-2937	978	25	risk	risk	NOUN
cblr-2937	978	26	of	of	ADP
cblr-2937	978	27	the	the	DET
cblr-2937	978	28	pools	pool	NOUN
cblr-2937	978	29	of	of	ADP
cblr-2937	978	30	mortgages	mortgage	NOUN
cblr-2937	978	31	underlying	underlie	VERB
cblr-2937	978	32	subprime	subprime	ADJ
cblr-2937	978	33	rmbs	rmb	NOUN
cblr-2937	978	34	could	could	AUX
cblr-2937	978	35	not	not	PART
cblr-2937	978	36	be	be	AUX
cblr-2937	978	37	known	know	VERB
cblr-2937	978	38	at	at	ADP
cblr-2937	978	39	the	the	DET
cblr-2937	978	40	inception	inception	NOUN
cblr-2937	978	41	of	of	ADP
cblr-2937	978	42	deals	deal	NOUN
cblr-2937	978	43	,	,	PUNCT
cblr-2937	978	44	because	because	SCONJ
cblr-2937	978	45	their	their	PRON
cblr-2937	978	46	performance	performance	NOUN
cblr-2937	978	47	would	would	AUX
cblr-2937	978	48	be	be	AUX
cblr-2937	978	49	revealed	reveal	VERB
cblr-2937	978	50	only	only	ADV
cblr-2937	978	51	over	over	ADP
cblr-2937	978	52	time;214	time;214	PROPN
cblr-2937	978	53	(	(	PUNCT
cblr-2937	978	54	2	2	X
cblr-2937	978	55	)	)	PUNCT
cblr-2937	978	56	limits	limit	NOUN
cblr-2937	978	57	on	on	ADP
cblr-2937	978	58	the	the	DET
cblr-2937	978	59	amount	amount	NOUN
cblr-2937	978	60	of	of	ADP
cblr-2937	978	61	historical	historical	ADJ
cblr-2937	978	62	data	datum	NOUN
cblr-2937	978	63	available	available	ADJ
cblr-2937	978	64	increased	increase	VERB
cblr-2937	978	65	the	the	DET
cblr-2937	978	66	level	level	NOUN
cblr-2937	978	67	of	of	ADP
cblr-2937	978	68	model	model	NOUN
cblr-2937	978	69	risk	risk	NOUN
cblr-2937	978	70	;	;	PUNCT
cblr-2937	978	71	and	and	CCONJ
cblr-2937	978	72	(	(	PUNCT
cblr-2937	978	73	3	3	X
cblr-2937	978	74	)	)	PUNCT
cblr-2937	978	75	the	the	DET
cblr-2937	978	76	agencies	agency	NOUN
cblr-2937	978	77	did	do	AUX
cblr-2937	978	78	not	not	PART
cblr-2937	978	79	take	take	VERB
cblr-2937	978	80	account	account	NOUN
cblr-2937	978	81	of	of	ADP
cblr-2937	978	82	the	the	DET
cblr-2937	978	83	"	"	PUNCT
cblr-2937	978	84	substantial	substantial	ADJ
cblr-2937	978	85	weakening	weakening	NOUN
cblr-2937	978	86	of	of	ADP
cblr-2937	978	87	underwriting	underwriting	NOUN
cblr-2937	978	88	standards	standard	NOUN
cblr-2937	978	89	for	for	ADP
cblr-2937	978	90	products	product	NOUN
cblr-2937	978	91	associated	associate	VERB
cblr-2937	978	92	with	with	ADP
cblr-2937	978	93	certain	certain	ADJ
cblr-2937	978	94	originators	originator	NOUN
cblr-2937	978	95	.	.	PUNCT
cblr-2937	979	1	"215	"215	VERB
cblr-2937	979	2	the	the	DET
cblr-2937	979	3	staff	staff	NOUN
cblr-2937	979	4	report	report	NOUN
cblr-2937	979	5	on	on	ADP
cblr-2937	979	6	the	the	DET
cblr-2937	979	7	sec	sec	PROPN
cblr-2937	979	8	's	's	PART
cblr-2937	979	9	213	213	NUM
cblr-2937	979	10	see	see	NOUN
cblr-2937	979	11	aaron	aaron	PROPN
cblr-2937	979	12	lucchetti	lucchetti	PROPN
cblr-2937	979	13	,	,	PUNCT
cblr-2937	979	14	mcgraw	mcgraw	PROPN
cblr-2937	979	15	scion	scion	NOUN
cblr-2937	979	16	grapples	grapple	VERB
cblr-2937	979	17	with	with	ADP
cblr-2937	979	18	s&p	s&p	PROPN
cblr-2937	979	19	's	's	PART
cblr-2937	979	20	woeschairman	woeschairman	NOUN
cblr-2937	979	21	helped	help	VERB
cblr-2937	979	22	set	set	VERB
cblr-2937	979	23	tone	tone	NOUN
cblr-2937	979	24	in	in	ADP
cblr-2937	979	25	profit	profit	NOUN
cblr-2937	979	26	push	push	NOUN
cblr-2937	979	27	as	as	SCONJ
cblr-2937	979	28	ratings	rating	NOUN
cblr-2937	979	29	firms	firm	NOUN
cblr-2937	979	30	feasted	feast	VERB
cblr-2937	979	31	on	on	ADP
cblr-2937	979	32	new	new	ADJ
cblr-2937	979	33	products	product	NOUN
cblr-2937	979	34	,	,	PUNCT
cblr-2937	979	35	wall	wall	PROPN
cblr-2937	979	36	st	st	PROPN
cblr-2937	979	37	.	.	PROPN
cblr-2937	979	38	j.	j.	PROPN
cblr-2937	979	39	,	,	PUNCT
cblr-2937	979	40	aug	aug	PROPN
cblr-2937	979	41	.	.	PROPN
cblr-2937	979	42	2	2	NUM
cblr-2937	979	43	,	,	PUNCT
cblr-2937	979	44	2008	2008	NUM
cblr-2937	979	45	,	,	PUNCT
cblr-2937	979	46	at	at	ADP
cblr-2937	979	47	b1	b1	NOUN
cblr-2937	979	48	(	(	PUNCT
cblr-2937	979	49	reporting	report	VERB
cblr-2937	979	50	hedge	hedge	NOUN
cblr-2937	979	51	-	-	PUNCT
cblr-2937	979	52	fund	fund	NOUN
cblr-2937	979	53	manager	manager	NOUN
cblr-2937	979	54	's	's	PART
cblr-2937	979	55	asking	ask	VERB
cblr-2937	979	56	mcgraw	mcgraw	PROPN
cblr-2937	979	57	-	-	PUNCT
cblr-2937	979	58	hill	hill	NOUN
cblr-2937	979	59	ceo	ceo	NOUN
cblr-2937	979	60	"	"	PUNCT
cblr-2937	979	61	whether	whether	SCONJ
cblr-2937	979	62	bond	bond	NOUN
cblr-2937	979	63	ratings	rating	NOUN
cblr-2937	979	64	downgraded	downgrade	VERB
cblr-2937	979	65	by	by	ADP
cblr-2937	979	66	the	the	DET
cblr-2937	979	67	company	company	NOUN
cblr-2937	979	68	's	's	PART
cblr-2937	979	69	standard	standard	PROPN
cblr-2937	979	70	&	&	CCONJ
cblr-2937	979	71	poor	poor	PROPN
cblr-2937	979	72	's	's	PART
cblr-2937	979	73	ratings	rating	NOUN
cblr-2937	979	74	services	service	NOUN
cblr-2937	979	75	unit	unit	NOUN
cblr-2937	979	76	amid	amid	ADP
cblr-2937	979	77	recent	recent	ADJ
cblr-2937	979	78	market	market	NOUN
cblr-2937	979	79	turmoil	turmoil	NOUN
cblr-2937	979	80	should	should	AUX
cblr-2937	979	81	have	have	AUX
cblr-2937	979	82	ever	ever	ADV
cblr-2937	979	83	been	be	AUX
cblr-2937	979	84	issued	issue	VERB
cblr-2937	979	85	in	in	ADP
cblr-2937	979	86	the	the	DET
cblr-2937	979	87	first	first	ADJ
cblr-2937	979	88	place	place	NOUN
cblr-2937	979	89	"	"	PUNCT
cblr-2937	979	90	)	)	PUNCT
cblr-2937	979	91	.	.	PUNCT
cblr-2937	980	1	214	214	NUM
cblr-2937	980	2	house	house	NOUN
cblr-2937	980	3	structured	structure	VERB
cblr-2937	980	4	finance	finance	NOUN
cblr-2937	980	5	hearings	hearing	NOUN
cblr-2937	980	6	,	,	PUNCT
cblr-2937	980	7	supra	supra	PROPN
cblr-2937	980	8	note	note	NOUN
cblr-2937	980	9	57	57	NUM
cblr-2937	980	10	,	,	PUNCT
cblr-2937	980	11	at	at	ADP
cblr-2937	980	12	19	19	NUM
cblr-2937	980	13	,	,	PUNCT
cblr-2937	980	14	115	115	NUM
cblr-2937	980	15	-	-	SYM
cblr-2937	980	16	16	16	NUM
cblr-2937	980	17	(	(	PUNCT
cblr-2937	980	18	testimony	testimony	NOUN
cblr-2937	980	19	and	and	CCONJ
cblr-2937	980	20	prepared	prepared	ADJ
cblr-2937	980	21	statement	statement	NOUN
cblr-2937	980	22	of	of	ADP
cblr-2937	980	23	joseph	joseph	PROPN
cblr-2937	980	24	r.	r.	PROPN
cblr-2937	980	25	mason	mason	PROPN
cblr-2937	980	26	,	,	PUNCT
cblr-2937	980	27	associate	associate	ADJ
cblr-2937	980	28	professor	professor	NOUN
cblr-2937	980	29	of	of	ADP
cblr-2937	980	30	finance	finance	NOUN
cblr-2937	980	31	,	,	PUNCT
cblr-2937	980	32	drexel	drexel	PROPN
cblr-2937	980	33	university	university	PROPN
cblr-2937	980	34	)	)	PUNCT
cblr-2937	980	35	.	.	PUNCT
cblr-2937	981	1	215	215	NUM
cblr-2937	981	2	fsf	fsf	PROPN
cblr-2937	981	3	report	report	NOUN
cblr-2937	981	4	,	,	PUNCT
cblr-2937	981	5	supra	supra	PROPN
cblr-2937	981	6	note	note	PROPN
cblr-2937	981	7	37	37	NUM
cblr-2937	981	8	,	,	PUNCT
cblr-2937	981	9	at	at	ADP
cblr-2937	981	10	33	33	NUM
cblr-2937	981	11	.	.	PUNCT
cblr-2937	982	1	the	the	DET
cblr-2937	982	2	fsf	fsf	PROPN
cblr-2937	982	3	noted	note	VERB
cblr-2937	982	4	that	that	SCONJ
cblr-2937	982	5	"	"	PUNCT
cblr-2937	982	6	rating	rating	NOUN
cblr-2937	982	7	methodologies	methodology	NOUN
cblr-2937	982	8	themselves	themselves	PRON
cblr-2937	982	9	have	have	AUX
cblr-2937	982	10	been	be	AUX
cblr-2937	982	11	rapidly	rapidly	ADV
cblr-2937	982	12	revised	revise	VERB
cblr-2937	982	13	in	in	ADP
cblr-2937	982	14	the	the	DET
cblr-2937	982	15	light	light	NOUN
cblr-2937	982	16	of	of	ADP
cblr-2937	982	17	market	market	NOUN
cblr-2937	982	18	events	event	NOUN
cblr-2937	982	19	.	.	PUNCT
cblr-2937	982	20	"	"	PUNCT
cblr-2937	983	1	i	i	PRON
cblr-2937	983	2	d.	d.	PROPN
cblr-2937	983	3	;	;	PUNCT
cblr-2937	983	4	see	see	VERB
cblr-2937	983	5	also	also	ADV
cblr-2937	983	6	iosco	iosco	PROPN
cblr-2937	983	7	cra	cra	PROPN
cblr-2937	983	8	report	report	PROPN
cblr-2937	983	9	,	,	PUNCT
cblr-2937	983	10	supra	supra	PROPN
cblr-2937	983	11	note	note	PROPN
cblr-2937	983	12	36	36	NUM
cblr-2937	983	13	,	,	PUNCT
cblr-2937	983	14	at	at	ADP
cblr-2937	983	15	2	2	NUM
cblr-2937	983	16	(	(	PUNCT
cblr-2937	983	17	"	"	PUNCT
cblr-2937	983	18	[	[	X
cblr-2937	983	19	t]here	t]here	NOUN
cblr-2937	983	20	are	be	AUX
cblr-2937	983	21	also	also	ADV
cblr-2937	983	22	serious	serious	ADJ
cblr-2937	983	23	questions	question	NOUN
cblr-2937	983	24	whether	whether	SCONJ
cblr-2937	983	25	the	the	DET
cblr-2937	983	26	cras	cras	X
cblr-2937	983	27	should	should	AUX
cblr-2937	983	28	have	have	AUX
cblr-2937	983	29	reassessed	reassess	VERB
cblr-2937	983	30	the	the	DET
cblr-2937	983	31	quality	quality	NOUN
cblr-2937	983	32	of	of	ADP
cblr-2937	983	33	their	their	PRON
cblr-2937	983	34	methodologies	methodology	NOUN
cblr-2937	983	35	and	and	CCONJ
cblr-2937	983	36	underlying	underlie	VERB
cblr-2937	983	37	assumptions	assumption	NOUN
cblr-2937	983	38	when	when	SCONJ
cblr-2937	983	39	rating	rate	VERB
cblr-2937	983	40	subprime	subprime	ADJ
cblr-2937	983	41	structured	structure	VERB
cblr-2937	983	42	finance	finance	NOUN
cblr-2937	983	43	instruments	instrument	NOUN
cblr-2937	983	44	in	in	ADP
cblr-2937	983	45	light	light	NOUN
cblr-2937	983	46	of	of	ADP
cblr-2937	983	47	credible	credible	ADJ
cblr-2937	983	48	information	information	NOUN
cblr-2937	983	49	regarding	regard	VERB
cblr-2937	983	50	housing	housing	NOUN
cblr-2937	983	51	market	market	NOUN
cblr-2937	983	52	bubbles	bubble	NOUN
cblr-2937	983	53	in	in	ADP
cblr-2937	983	54	the	the	DET
cblr-2937	983	55	united	united	PROPN
cblr-2937	983	56	states	states	PROPN
cblr-2937	983	57	,	,	PUNCT
cblr-2937	983	58	the	the	DET
cblr-2937	983	59	lack	lack	NOUN
cblr-2937	983	60	of	of	ADP
cblr-2937	983	61	incentives	incentive	NOUN
cblr-2937	983	62	for	for	SCONJ
cblr-2937	983	63	mortgage	mortgage	NOUN
cblr-2937	983	64	lenders	lender	NOUN
cblr-2937	983	65	to	to	PART
cblr-2937	983	66	conduct	conduct	VERB
cblr-2937	983	67	proper	proper	ADJ
cblr-2937	983	68	due	due	ADJ
cblr-2937	983	69	diligence	diligence	NOUN
cblr-2937	983	70	,	,	PUNCT
cblr-2937	983	71	and	and	CCONJ
cblr-2937	983	72	a	a	DET
cblr-2937	983	73	possible	possible	ADJ
cblr-2937	983	74	increase	increase	NOUN
cblr-2937	983	75	in	in	ADP
cblr-2937	983	76	mortgage	mortgage	NOUN
cblr-2937	983	77	fraud	fraud	NOUN
cblr-2937	983	78	,	,	PUNCT
cblr-2937	983	79	among	among	ADP
cblr-2937	983	80	other	other	ADJ
cblr-2937	983	81	things	thing	NOUN
cblr-2937	983	82	.	.	PUNCT
cblr-2937	983	83	"	"	PUNCT
cblr-2937	983	84	)	)	PUNCT
cblr-2937	983	85	.	.	PUNCT
cblr-2937	984	1	rating	rating	NOUN
cblr-2937	984	2	agencies	agency	NOUN
cblr-2937	984	3	argue	argue	VERB
cblr-2937	984	4	that	that	SCONJ
cblr-2937	984	5	they	they	PRON
cblr-2937	984	6	have	have	VERB
cblr-2937	984	7	the	the	DET
cblr-2937	984	8	ability	ability	NOUN
cblr-2937	984	9	to	to	PART
cblr-2937	984	10	rate	rate	VERB
cblr-2937	984	11	novel	novel	NOUN
cblr-2937	984	12	,	,	PUNCT
cblr-2937	984	13	complex	complex	ADJ
cblr-2937	984	14	products	product	NOUN
cblr-2937	984	15	with	with	ADP
cblr-2937	984	16	high	high	ADJ
cblr-2937	984	17	quality	quality	NOUN
cblr-2937	984	18	,	,	PUNCT
cblr-2937	984	19	pointing	point	VERB
cblr-2937	984	20	out	out	ADP
cblr-2937	984	21	with	with	ADP
cblr-2937	984	22	some	some	DET
cblr-2937	984	23	justification	justification	NOUN
cblr-2937	984	24	that	that	SCONJ
cblr-2937	984	25	"	"	PUNCT
cblr-2937	984	26	they	they	PRON
cblr-2937	984	27	are	be	AUX
cblr-2937	984	28	[	[	X
cblr-2937	984	29	vol	vol	NOUN
cblr-2937	984	30	.	.	NOUN
cblr-2937	984	31	2009	2009	NUM
cblr-2937	984	32	credit	credit	NOUN
cblr-2937	984	33	rating	rating	NOUN
cblr-2937	984	34	agencies	agency	NOUN
cblr-2937	984	35	recent	recent	ADJ
cblr-2937	984	36	examination	examination	NOUN
cblr-2937	984	37	of	of	ADP
cblr-2937	984	38	the	the	DET
cblr-2937	984	39	agencies	agency	NOUN
cblr-2937	984	40	suggests	suggest	VERB
cblr-2937	984	41	that	that	SCONJ
cblr-2937	984	42	agencies	agency	NOUN
cblr-2937	984	43	were	be	AUX
cblr-2937	984	44	aware	aware	ADJ
cblr-2937	984	45	that	that	SCONJ
cblr-2937	984	46	their	their	PRON
cblr-2937	984	47	ratings	rating	NOUN
cblr-2937	984	48	on	on	ADP
cblr-2937	984	49	novel	novel	ADJ
cblr-2937	984	50	products	product	NOUN
cblr-2937	984	51	were	be	AUX
cblr-2937	984	52	of	of	ADP
cblr-2937	984	53	relatively	relatively	ADV
cblr-2937	984	54	low	low	ADJ
cblr-2937	984	55	quality.216	quality.216	ADP
cblr-2937	984	56	the	the	DET
cblr-2937	984	57	conclusion	conclusion	NOUN
cblr-2937	984	58	that	that	SCONJ
cblr-2937	984	59	reputation	reputation	NOUN
cblr-2937	984	60	imposes	impose	VERB
cblr-2937	984	61	a	a	DET
cblr-2937	984	62	meaningfully	meaningfully	ADV
cblr-2937	984	63	insufficient	insufficient	ADJ
cblr-2937	984	64	constraint	constraint	NOUN
cblr-2937	984	65	on	on	ADP
cblr-2937	984	66	poor	poor	ADJ
cblr-2937	984	67	quality	quality	NOUN
cblr-2937	984	68	rating	rating	NOUN
cblr-2937	984	69	is	be	AUX
cblr-2937	984	70	somewhat	somewhat	ADV
cblr-2937	984	71	robust	robust	ADJ
cblr-2937	984	72	to	to	ADP
cblr-2937	984	73	violations	violation	NOUN
cblr-2937	984	74	of	of	ADP
cblr-2937	984	75	this	this	DET
cblr-2937	984	76	assumption	assumption	NOUN
cblr-2937	984	77	.	.	PUNCT
cblr-2937	985	1	as	as	ADV
cblr-2937	985	2	long	long	ADV
cblr-2937	985	3	as	as	SCONJ
cblr-2937	985	4	the	the	DET
cblr-2937	985	5	rating	rating	NOUN
cblr-2937	985	6	agency	agency	NOUN
cblr-2937	985	7	has	have	VERB
cblr-2937	985	8	some	some	DET
cblr-2937	985	9	idea	idea	NOUN
cblr-2937	985	10	,	,	PUNCT
cblr-2937	985	11	even	even	ADV
cblr-2937	985	12	an	an	DET
cblr-2937	985	13	imperfect	imperfect	ADJ
cblr-2937	985	14	one	one	NUM
cblr-2937	985	15	,	,	PUNCT
cblr-2937	985	16	of	of	ADP
cblr-2937	985	17	the	the	DET
cblr-2937	985	18	quality	quality	NOUN
cblr-2937	985	19	of	of	ADP
cblr-2937	985	20	its	its	PRON
cblr-2937	985	21	ratings	rating	NOUN
cblr-2937	985	22	,	,	PUNCT
cblr-2937	985	23	deterrence	deterrence	NOUN
cblr-2937	985	24	of	of	ADP
cblr-2937	985	25	issuing	issue	VERB
cblr-2937	985	26	ratings	rating	NOUN
cblr-2937	985	27	the	the	DET
cblr-2937	985	28	agency	agency	NOUN
cblr-2937	985	29	thinks	think	VERB
cblr-2937	985	30	are	be	AUX
cblr-2937	985	31	low	low	ADJ
cblr-2937	985	32	quality	quality	NOUN
cblr-2937	985	33	will	will	AUX
cblr-2937	985	34	reduce	reduce	VERB
cblr-2937	985	35	issuance	issuance	NOUN
cblr-2937	985	36	of	of	ADP
cblr-2937	985	37	low	low	ADJ
cblr-2937	985	38	-	-	PUNCT
cblr-2937	985	39	quality	quality	NOUN
cblr-2937	985	40	ratings	rating	NOUN
cblr-2937	985	41	,	,	PUNCT
cblr-2937	985	42	although	although	SCONJ
cblr-2937	985	43	at	at	ADP
cblr-2937	985	44	the	the	DET
cblr-2937	985	45	cost	cost	NOUN
cblr-2937	985	46	of	of	ADP
cblr-2937	985	47	deterring	deter	VERB
cblr-2937	985	48	issuance	issuance	NOUN
cblr-2937	985	49	of	of	ADP
cblr-2937	985	50	high	high	ADJ
cblr-2937	985	51	-	-	PUNCT
cblr-2937	985	52	quality	quality	NOUN
cblr-2937	985	53	ratings	rating	NOUN
cblr-2937	985	54	to	to	ADP
cblr-2937	985	55	some	some	DET
cblr-2937	985	56	extent	extent	NOUN
cblr-2937	985	57	as	as	ADV
cblr-2937	985	58	well	well	ADV
cblr-2937	985	59	.	.	PUNCT
cblr-2937	986	1	3	3	X
cblr-2937	986	2	.	.	X
cblr-2937	986	3	the	the	DET
cblr-2937	986	4	agency	agency	NOUN
cblr-2937	986	5	does	do	AUX
cblr-2937	986	6	not	not	PART
cblr-2937	986	7	perceive	perceive	VERB
cblr-2937	986	8	that	that	SCONJ
cblr-2937	986	9	waiting	wait	VERB
cblr-2937	986	10	to	to	PART
cblr-2937	986	11	enter	enter	VERB
cblr-2937	986	12	the	the	DET
cblr-2937	986	13	new	new	ADJ
cblr-2937	986	14	segment	segment	NOUN
cblr-2937	986	15	will	will	AUX
cblr-2937	986	16	result	result	VERB
cblr-2937	986	17	in	in	ADP
cblr-2937	986	18	greater	great	ADJ
cblr-2937	986	19	profits	profit	NOUN
cblr-2937	986	20	than	than	ADP
cblr-2937	986	21	entering	enter	VERB
cblr-2937	986	22	immediately	immediately	ADV
cblr-2937	986	23	an	an	DET
cblr-2937	986	24	agency	agency	NOUN
cblr-2937	986	25	confronting	confront	VERB
cblr-2937	986	26	the	the	DET
cblr-2937	986	27	opportunity	opportunity	NOUN
cblr-2937	986	28	to	to	PART
cblr-2937	986	29	rate	rate	VERB
cblr-2937	986	30	a	a	DET
cblr-2937	986	31	novel	novel	ADJ
cblr-2937	986	32	product	product	NOUN
cblr-2937	986	33	that	that	SCONJ
cblr-2937	986	34	it	it	PRON
cblr-2937	986	35	does	do	AUX
cblr-2937	986	36	not	not	PART
cblr-2937	986	37	know	know	VERB
cblr-2937	986	38	how	how	SCONJ
cblr-2937	986	39	to	to	PART
cblr-2937	986	40	rate	rate	VERB
cblr-2937	986	41	with	with	ADP
cblr-2937	986	42	high	high	ADJ
cblr-2937	986	43	quality	quality	NOUN
cblr-2937	986	44	faces	face	VERB
cblr-2937	986	45	an	an	DET
cblr-2937	986	46	obvious	obvious	ADJ
cblr-2937	986	47	temptation	temptation	NOUN
cblr-2937	986	48	to	to	PART
cblr-2937	986	49	issue	issue	VERB
cblr-2937	986	50	the	the	DET
cblr-2937	986	51	rating	rating	NOUN
cblr-2937	986	52	anyway	anyway	ADV
cblr-2937	986	53	.	.	PUNCT
cblr-2937	987	1	in	in	ADP
cblr-2937	987	2	principle	principle	NOUN
cblr-2937	987	3	,	,	PUNCT
cblr-2937	987	4	however	however	ADV
cblr-2937	987	5	,	,	PUNCT
cblr-2937	987	6	the	the	DET
cblr-2937	987	7	agency	agency	NOUN
cblr-2937	987	8	might	might	AUX
cblr-2937	987	9	find	find	VERB
cblr-2937	987	10	it	it	PRON
cblr-2937	987	11	more	more	ADV
cblr-2937	987	12	attractive	attractive	ADJ
cblr-2937	987	13	to	to	PART
cblr-2937	987	14	pursue	pursue	VERB
cblr-2937	987	15	a	a	DET
cblr-2937	987	16	strategy	strategy	NOUN
cblr-2937	987	17	of	of	ADP
cblr-2937	987	18	(	(	PUNCT
cblr-2937	987	19	a	a	X
cblr-2937	987	20	)	)	PUNCT
cblr-2937	987	21	not	not	PART
cblr-2937	987	22	issuing	issue	VERB
cblr-2937	987	23	ratings	rating	NOUN
cblr-2937	987	24	immediately	immediately	ADV
cblr-2937	987	25	;	;	PUNCT
cblr-2937	987	26	(	(	PUNCT
cblr-2937	987	27	b	b	X
cblr-2937	987	28	)	)	PUNCT
cblr-2937	987	29	trying	try	VERB
cblr-2937	987	30	to	to	PART
cblr-2937	987	31	learn	learn	VERB
cblr-2937	987	32	how	how	SCONJ
cblr-2937	987	33	to	to	PART
cblr-2937	987	34	issue	issue	VERB
cblr-2937	987	35	high	high	ADJ
cblr-2937	987	36	-	-	PUNCT
cblr-2937	987	37	quality	quality	NOUN
cblr-2937	987	38	ratings	rating	NOUN
cblr-2937	987	39	;	;	PUNCT
cblr-2937	987	40	and	and	CCONJ
cblr-2937	987	41	(	(	PUNCT
cblr-2937	987	42	c	c	X
cblr-2937	987	43	)	)	PUNCT
cblr-2937	987	44	entering	enter	VERB
cblr-2937	987	45	the	the	DET
cblr-2937	987	46	market	market	NOUN
cblr-2937	987	47	with	with	ADP
cblr-2937	987	48	high	high	ADJ
cblr-2937	987	49	-	-	PUNCT
cblr-2937	987	50	quality	quality	NOUN
cblr-2937	987	51	ratings	rating	NOUN
cblr-2937	987	52	later	later	ADV
cblr-2937	987	53	if	if	SCONJ
cblr-2937	987	54	it	it	PRON
cblr-2937	987	55	learns	learn	VERB
cblr-2937	987	56	how	how	SCONJ
cblr-2937	987	57	to	to	PART
cblr-2937	987	58	rate	rate	VERB
cblr-2937	987	59	the	the	DET
cblr-2937	987	60	product	product	NOUN
cblr-2937	987	61	with	with	ADP
cblr-2937	987	62	high	high	ADJ
cblr-2937	987	63	quality	quality	NOUN
cblr-2937	987	64	.	.	PUNCT
cblr-2937	988	1	in	in	ADP
cblr-2937	988	2	other	other	ADJ
cblr-2937	988	3	variations	variation	NOUN
cblr-2937	988	4	of	of	ADP
cblr-2937	988	5	structures	structure	NOUN
cblr-2937	988	6	and	and	CCONJ
cblr-2937	988	7	technologies	technology	NOUN
cblr-2937	988	8	that	that	PRON
cblr-2937	988	9	have	have	VERB
cblr-2937	988	10	long	long	ADJ
cblr-2937	988	11	histories	history	NOUN
cblr-2937	988	12	.	.	PUNCT
cblr-2937	988	13	"	"	PUNCT
cblr-2937	988	14	standard	standard	PROPN
cblr-2937	988	15	&	&	CCONJ
cblr-2937	988	16	poor	poor	PROPN
cblr-2937	988	17	's	's	PART
cblr-2937	988	18	,	,	PUNCT
cblr-2937	988	19	supra	supra	PROPN
cblr-2937	988	20	note	note	PROPN
cblr-2937	988	21	172	172	NUM
cblr-2937	988	22	,	,	PUNCT
cblr-2937	988	23	at	at	ADP
cblr-2937	988	24	8	8	NUM
cblr-2937	988	25	.	.	PUNCT
cblr-2937	989	1	this	this	DET
cblr-2937	989	2	article	article	NOUN
cblr-2937	989	3	does	do	AUX
cblr-2937	989	4	not	not	PART
cblr-2937	989	5	take	take	VERB
cblr-2937	989	6	issue	issue	NOUN
cblr-2937	989	7	with	with	ADP
cblr-2937	989	8	this	this	DET
cblr-2937	989	9	assertion	assertion	NOUN
cblr-2937	989	10	in	in	ADP
cblr-2937	989	11	general	general	ADJ
cblr-2937	989	12	,	,	PUNCT
cblr-2937	989	13	as	as	SCONJ
cblr-2937	989	14	the	the	DET
cblr-2937	989	15	argument	argument	NOUN
cblr-2937	989	16	here	here	ADV
cblr-2937	989	17	assumes	assume	VERB
cblr-2937	989	18	that	that	SCONJ
cblr-2937	989	19	the	the	DET
cblr-2937	989	20	rating	rating	NOUN
cblr-2937	989	21	agencies	agency	NOUN
cblr-2937	989	22	have	have	VERB
cblr-2937	989	23	some	some	DET
cblr-2937	989	24	probability	probability	NOUN
cblr-2937	989	25	of	of	ADP
cblr-2937	989	26	being	be	AUX
cblr-2937	989	27	able	able	ADJ
cblr-2937	989	28	to	to	PART
cblr-2937	989	29	issue	issue	VERB
cblr-2937	989	30	high	high	ADJ
cblr-2937	989	31	-	-	PUNCT
cblr-2937	989	32	quality	quality	NOUN
cblr-2937	989	33	ratings	rating	NOUN
cblr-2937	989	34	on	on	ADP
cblr-2937	989	35	novel	novel	ADJ
cblr-2937	989	36	products	product	NOUN
cblr-2937	989	37	and	and	CCONJ
cblr-2937	989	38	that	that	SCONJ
cblr-2937	989	39	that	that	PRON
cblr-2937	989	40	is	be	AUX
cblr-2937	989	41	the	the	DET
cblr-2937	989	42	reason	reason	NOUN
cblr-2937	989	43	that	that	SCONJ
cblr-2937	989	44	investors	investor	NOUN
cblr-2937	989	45	are	be	AUX
cblr-2937	989	46	willing	willing	ADJ
cblr-2937	989	47	to	to	PART
cblr-2937	989	48	pay	pay	VERB
cblr-2937	989	49	for	for	ADP
cblr-2937	989	50	novel	novel	NOUN
cblr-2937	989	51	-	-	PUNCT
cblr-2937	989	52	product	product	NOUN
cblr-2937	989	53	ratings	rating	NOUN
cblr-2937	989	54	.	.	PUNCT
cblr-2937	990	1	216	216	NUM
cblr-2937	990	2	the	the	DET
cblr-2937	990	3	sec	sec	PROPN
cblr-2937	990	4	staff	staff	NOUN
cblr-2937	990	5	report	report	NOUN
cblr-2937	990	6	cites	cite	VERB
cblr-2937	990	7	rating	rating	NOUN
cblr-2937	990	8	agency	agency	NOUN
cblr-2937	990	9	internal	internal	PROPN
cblr-2937	990	10	e	e	NOUN
cblr-2937	990	11	-	-	NOUN
cblr-2937	990	12	mails	mail	NOUN
cblr-2937	990	13	to	to	ADP
cblr-2937	990	14	the	the	DET
cblr-2937	990	15	effect	effect	NOUN
cblr-2937	990	16	that	that	PRON
cblr-2937	990	17	ratings	rating	NOUN
cblr-2937	990	18	on	on	ADP
cblr-2937	990	19	structured	structured	ADJ
cblr-2937	990	20	finance	finance	NOUN
cblr-2937	990	21	deals	deal	NOUN
cblr-2937	990	22	were	be	AUX
cblr-2937	990	23	issued	issue	VERB
cblr-2937	990	24	even	even	ADV
cblr-2937	990	25	when	when	SCONJ
cblr-2937	990	26	questions	question	NOUN
cblr-2937	990	27	on	on	ADP
cblr-2937	990	28	specific	specific	ADJ
cblr-2937	990	29	deals	deal	NOUN
cblr-2937	990	30	were	be	AUX
cblr-2937	990	31	unresolved	unresolved	ADJ
cblr-2937	990	32	.	.	PUNCT
cblr-2937	991	1	sec	sec	PROPN
cblr-2937	991	2	staff	staff	NOUN
cblr-2937	991	3	examination	examination	NOUN
cblr-2937	991	4	report	report	NOUN
cblr-2937	991	5	,	,	PUNCT
cblr-2937	991	6	supra	supra	PROPN
cblr-2937	991	7	note	note	PROPN
cblr-2937	991	8	38	38	NUM
cblr-2937	991	9	,	,	PUNCT
cblr-2937	991	10	at	at	ADP
cblr-2937	991	11	12	12	NUM
cblr-2937	991	12	&	&	CCONJ
cblr-2937	991	13	n.7	n.7	PROPN
cblr-2937	991	14	.	.	PUNCT
cblr-2937	992	1	the	the	DET
cblr-2937	992	2	report	report	NOUN
cblr-2937	992	3	states	state	VERB
cblr-2937	992	4	that	that	SCONJ
cblr-2937	992	5	an	an	DET
cblr-2937	992	6	analyst	analyst	NOUN
cblr-2937	992	7	wrote	write	VERB
cblr-2937	992	8	in	in	ADP
cblr-2937	992	9	an	an	DET
cblr-2937	992	10	e	e	NOUN
cblr-2937	992	11	-	-	NOUN
cblr-2937	992	12	mail	mail	NOUN
cblr-2937	992	13	that	that	SCONJ
cblr-2937	992	14	"	"	PUNCT
cblr-2937	992	15	her	her	PRON
cblr-2937	992	16	firm	firm	NOUN
cblr-2937	992	17	's	's	PART
cblr-2937	992	18	model	model	NOUN
cblr-2937	992	19	did	do	AUX
cblr-2937	992	20	not	not	PART
cblr-2937	992	21	capture	capture	VERB
cblr-2937	992	22	'	'	VERB
cblr-2937	992	23	half	half	NOUN
cblr-2937	992	24	of	of	ADP
cblr-2937	992	25	the	the	DET
cblr-2937	992	26	deal	deal	NOUN
cblr-2937	992	27	's	's	PART
cblr-2937	992	28	risk	risk	NOUN
cblr-2937	992	29	,	,	PUNCT
cblr-2937	992	30	but	but	CCONJ
cblr-2937	992	31	that	that	SCONJ
cblr-2937	992	32	'	'	PUNCT
cblr-2937	992	33	it	it	PRON
cblr-2937	992	34	could	could	AUX
cblr-2937	992	35	be	be	AUX
cblr-2937	992	36	structured	structure	VERB
cblr-2937	992	37	by	by	ADP
cblr-2937	992	38	cows	cow	NOUN
cblr-2937	992	39	and	and	CCONJ
cblr-2937	992	40	we	we	PRON
cblr-2937	992	41	would	would	AUX
cblr-2937	992	42	rate	rate	VERB
cblr-2937	992	43	it	it	PRON
cblr-2937	992	44	'	'	PUNCT
cblr-2937	992	45	"	"	PUNCT
cblr-2937	992	46	and	and	CCONJ
cblr-2937	992	47	that	that	SCONJ
cblr-2937	992	48	a	a	DET
cblr-2937	992	49	manager	manager	NOUN
cblr-2937	992	50	wrote	write	VERB
cblr-2937	992	51	,	,	PUNCT
cblr-2937	992	52	"	"	PUNCT
cblr-2937	992	53	our	our	PRON
cblr-2937	992	54	staffing	staffing	NOUN
cblr-2937	992	55	issues	issue	NOUN
cblr-2937	992	56	,	,	PUNCT
cblr-2937	992	57	of	of	ADP
cblr-2937	992	58	course	course	NOUN
cblr-2937	992	59	,	,	PUNCT
cblr-2937	992	60	make	make	VERB
cblr-2937	992	61	it	it	PRON
cblr-2937	992	62	difficult	difficult	ADJ
cblr-2937	992	63	to	to	PART
cblr-2937	992	64	deliver	deliver	VERB
cblr-2937	992	65	the	the	DET
cblr-2937	992	66	value	value	NOUN
cblr-2937	992	67	that	that	PRON
cblr-2937	992	68	justifies	justify	VERB
cblr-2937	992	69	our	our	PRON
cblr-2937	992	70	fees	fee	NOUN
cblr-2937	992	71	"	"	PUNCT
cblr-2937	992	72	.	.	PUNCT
cblr-2937	993	1	i	i	PRON
cblr-2937	993	2	d.	d.	PROPN
cblr-2937	993	3	at	at	ADP
cblr-2937	993	4	12	12	NUM
cblr-2937	993	5	.	.	PUNCT
cblr-2937	994	1	the	the	DET
cblr-2937	994	2	report	report	NOUN
cblr-2937	994	3	also	also	ADV
cblr-2937	994	4	states	state	VERB
cblr-2937	994	5	that	that	SCONJ
cblr-2937	994	6	an	an	DET
cblr-2937	994	7	analyst	analyst	NOUN
cblr-2937	994	8	described	describe	VERB
cblr-2937	994	9	the	the	DET
cblr-2937	994	10	cdo	cdo	ADJ
cblr-2937	994	11	market	market	NOUN
cblr-2937	994	12	as	as	ADP
cblr-2937	994	13	an	an	DET
cblr-2937	994	14	"	"	PUNCT
cblr-2937	994	15	even	even	ADV
cblr-2937	994	16	bigger	big	ADJ
cblr-2937	994	17	monster	monster	NOUN
cblr-2937	994	18	"	"	PUNCT
cblr-2937	994	19	(	(	PUNCT
cblr-2937	994	20	than	than	ADP
cblr-2937	994	21	what	what	PRON
cblr-2937	994	22	is	be	AUX
cblr-2937	994	23	not	not	PART
cblr-2937	994	24	clear	clear	ADJ
cblr-2937	994	25	)	)	PUNCT
cblr-2937	994	26	and	and	CCONJ
cblr-2937	994	27	expressing	express	VERB
cblr-2937	994	28	the	the	DET
cblr-2937	994	29	hope	hope	NOUN
cblr-2937	994	30	"	"	PUNCT
cblr-2937	994	31	that	that	SCONJ
cblr-2937	994	32	we	we	PRON
cblr-2937	994	33	are	be	AUX
cblr-2937	994	34	all	all	ADV
cblr-2937	994	35	wealthy	wealthy	ADJ
cblr-2937	994	36	and	and	CCONJ
cblr-2937	994	37	retired	retire	VERB
cblr-2937	994	38	by	by	ADP
cblr-2937	994	39	the	the	DET
cblr-2937	994	40	times	time	NOUN
cblr-2937	994	41	this	this	DET
cblr-2937	994	42	house	house	NOUN
cblr-2937	994	43	of	of	ADP
cblr-2937	994	44	cards	card	NOUN
cblr-2937	994	45	falters	falter	VERB
cblr-2937	994	46	.	.	PUNCT
cblr-2937	994	47	"	"	PUNCT
cblr-2937	995	1	i	i	PRON
cblr-2937	995	2	d.	d.	PROPN
cblr-2937	995	3	at	at	ADP
cblr-2937	995	4	12	12	NUM
cblr-2937	995	5	n.8	n.8	NOUN
cblr-2937	995	6	.	.	PUNCT
cblr-2937	996	1	no	no	INTJ
cblr-2937	996	2	.	.	PUNCT
cblr-2937	997	1	1:109	1:109	NUM
cblr-2937	997	2	)	)	PUNCT
cblr-2937	997	3	words	word	NOUN
cblr-2937	997	4	,	,	PUNCT
cblr-2937	997	5	it	it	PRON
cblr-2937	997	6	might	might	AUX
cblr-2937	997	7	defer	defer	VERB
cblr-2937	997	8	immediate	immediate	ADJ
cblr-2937	997	9	profits	profit	NOUN
cblr-2937	997	10	from	from	ADP
cblr-2937	997	11	low	low	ADJ
cblr-2937	997	12	-	-	PUNCT
cblr-2937	997	13	quality	quality	NOUN
cblr-2937	997	14	entry	entry	NOUN
cblr-2937	997	15	for	for	ADP
cblr-2937	997	16	the	the	DET
cblr-2937	997	17	promise	promise	NOUN
cblr-2937	997	18	of	of	ADP
cblr-2937	997	19	higher	high	ADJ
cblr-2937	997	20	profits	profit	NOUN
cblr-2937	997	21	later	later	ADV
cblr-2937	997	22	as	as	ADP
cblr-2937	997	23	a	a	DET
cblr-2937	997	24	result	result	NOUN
cblr-2937	997	25	of	of	ADP
cblr-2937	997	26	building	build	VERB
cblr-2937	997	27	a	a	DET
cblr-2937	997	28	reputation	reputation	NOUN
cblr-2937	997	29	for	for	ADP
cblr-2937	997	30	high	high	ADJ
cblr-2937	997	31	quality	quality	NOUN
cblr-2937	997	32	.	.	PUNCT
cblr-2937	998	1	this	this	DET
cblr-2937	998	2	argument	argument	NOUN
cblr-2937	998	3	is	be	AUX
cblr-2937	998	4	different	different	ADJ
cblr-2937	998	5	from	from	ADP
cblr-2937	998	6	the	the	DET
cblr-2937	998	7	argument	argument	NOUN
cblr-2937	998	8	that	that	SCONJ
cblr-2937	998	9	adherents	adherent	NOUN
cblr-2937	998	10	of	of	ADP
cblr-2937	998	11	the	the	DET
cblr-2937	998	12	reputational	reputational	ADJ
cblr-2937	998	13	model	model	NOUN
cblr-2937	998	14	have	have	AUX
cblr-2937	998	15	actually	actually	ADV
cblr-2937	998	16	made	make	VERB
cblr-2937	998	17	,	,	PUNCT
cblr-2937	998	18	namely	namely	ADV
cblr-2937	998	19	that	that	DET
cblr-2937	998	20	fear	fear	NOUN
cblr-2937	998	21	of	of	ADP
cblr-2937	998	22	loss	loss	NOUN
cblr-2937	998	23	of	of	ADP
cblr-2937	998	24	reputation	reputation	NOUN
cblr-2937	998	25	that	that	PRON
cblr-2937	998	26	the	the	DET
cblr-2937	998	27	agency	agency	NOUN
cblr-2937	998	28	already	already	ADV
cblr-2937	998	29	has	have	AUX
cblr-2937	998	30	accumulated	accumulate	VERB
cblr-2937	998	31	will	will	AUX
cblr-2937	998	32	deter	deter	VERB
cblr-2937	998	33	agencies	agency	NOUN
cblr-2937	998	34	from	from	ADP
cblr-2937	998	35	issuing	issue	VERB
cblr-2937	998	36	low	low	ADJ
cblr-2937	998	37	-	-	PUNCT
cblr-2937	998	38	quality	quality	NOUN
cblr-2937	998	39	ratings	rating	NOUN
cblr-2937	998	40	.	.	PUNCT
cblr-2937	999	1	it	it	PRON
cblr-2937	999	2	is	be	AUX
cblr-2937	999	3	inherently	inherently	ADV
cblr-2937	999	4	speculative	speculative	ADJ
cblr-2937	999	5	,	,	PUNCT
cblr-2937	999	6	and	and	CCONJ
cblr-2937	999	7	it	it	PRON
cblr-2937	999	8	does	do	AUX
cblr-2937	999	9	not	not	PART
cblr-2937	999	10	appear	appear	VERB
cblr-2937	999	11	that	that	SCONJ
cblr-2937	999	12	evidence	evidence	NOUN
cblr-2937	999	13	has	have	AUX
cblr-2937	999	14	emerged	emerge	VERB
cblr-2937	999	15	of	of	ADP
cblr-2937	999	16	rating	rating	NOUN
cblr-2937	999	17	agencies	agency	NOUN
cblr-2937	999	18	waiting	wait	VERB
cblr-2937	999	19	to	to	PART
cblr-2937	999	20	issue	issue	VERB
cblr-2937	999	21	ratings	rating	NOUN
cblr-2937	999	22	on	on	ADP
cblr-2937	999	23	novel	novel	ADJ
cblr-2937	999	24	products	product	NOUN
cblr-2937	999	25	pending	pende	VERB
cblr-2937	999	26	methodological	methodological	ADJ
cblr-2937	999	27	improvements	improvement	NOUN
cblr-2937	999	28	.	.	PUNCT
cblr-2937	1000	1	there	there	PRON
cblr-2937	1000	2	are	be	VERB
cblr-2937	1000	3	several	several	ADJ
cblr-2937	1000	4	possible	possible	ADJ
cblr-2937	1000	5	reasons	reason	NOUN
cblr-2937	1000	6	that	that	PRON
cblr-2937	1000	7	agencies	agency	NOUN
cblr-2937	1000	8	would	would	AUX
cblr-2937	1000	9	not	not	PART
cblr-2937	1000	10	have	have	AUX
cblr-2937	1000	11	found	find	VERB
cblr-2937	1000	12	this	this	DET
cblr-2937	1000	13	"	"	PUNCT
cblr-2937	1000	14	wait	wait	VERB
cblr-2937	1000	15	-	-	PUNCT
cblr-2937	1000	16	learn	learn	VERB
cblr-2937	1000	17	-	-	PUNCT
cblr-2937	1000	18	and	and	CCONJ
cblr-2937	1000	19	-	-	PUNCT
cblr-2937	1000	20	enter	enter	VERB
cblr-2937	1000	21	"	"	PUNCT
cblr-2937	1000	22	strategy	strategy	NOUN
cblr-2937	1000	23	optimal	optimal	ADJ
cblr-2937	1000	24	in	in	ADP
cblr-2937	1000	25	the	the	DET
cblr-2937	1000	26	past	past	NOUN
cblr-2937	1000	27	and	and	CCONJ
cblr-2937	1000	28	would	would	AUX
cblr-2937	1000	29	not	not	PART
cblr-2937	1000	30	find	find	VERB
cblr-2937	1000	31	it	it	PRON
cblr-2937	1000	32	optimal	optimal	ADJ
cblr-2937	1000	33	in	in	ADP
cblr-2937	1000	34	the	the	DET
cblr-2937	1000	35	future	future	NOUN
cblr-2937	1000	36	.	.	PUNCT
cblr-2937	1001	1	a.	a.	NOUN
cblr-2937	1001	2	agency	agency	PROPN
cblr-2937	1001	3	as	as	ADP
cblr-2937	1001	4	"	"	PUNCT
cblr-2937	1001	5	product	product	NOUN
cblr-2937	1001	6	gatekeeper	gatekeeper	NOUN
cblr-2937	1001	7	"	"	PUNCT
cblr-2937	1001	8	if	if	SCONJ
cblr-2937	1001	9	the	the	DET
cblr-2937	1001	10	market	market	NOUN
cblr-2937	1001	11	for	for	ADP
cblr-2937	1001	12	the	the	DET
cblr-2937	1001	13	novel	novel	ADJ
cblr-2937	1001	14	product	product	NOUN
cblr-2937	1001	15	will	will	AUX
cblr-2937	1001	16	not	not	PART
cblr-2937	1001	17	develop	develop	VERB
cblr-2937	1001	18	unless	unless	SCONJ
cblr-2937	1001	19	the	the	DET
cblr-2937	1001	20	agency	agency	NOUN
cblr-2937	1001	21	issues	issue	VERB
cblr-2937	1001	22	ratings	rating	NOUN
cblr-2937	1001	23	,	,	PUNCT
cblr-2937	1001	24	then	then	ADV
cblr-2937	1001	25	there	there	PRON
cblr-2937	1001	26	is	be	VERB
cblr-2937	1001	27	no	no	DET
cblr-2937	1001	28	benefit	benefit	NOUN
cblr-2937	1001	29	to	to	ADP
cblr-2937	1001	30	the	the	DET
cblr-2937	1001	31	agency	agency	NOUN
cblr-2937	1001	32	from	from	ADP
cblr-2937	1001	33	waiting	wait	VERB
cblr-2937	1001	34	to	to	PART
cblr-2937	1001	35	enter	enter	VERB
cblr-2937	1001	36	,	,	PUNCT
cblr-2937	1001	37	because	because	SCONJ
cblr-2937	1001	38	there	there	PRON
cblr-2937	1001	39	will	will	AUX
cblr-2937	1001	40	be	be	AUX
cblr-2937	1001	41	no	no	DET
cblr-2937	1001	42	market	market	NOUN
cblr-2937	1001	43	to	to	PART
cblr-2937	1001	44	enter	enter	VERB
cblr-2937	1001	45	later	later	ADV
cblr-2937	1001	46	.	.	PUNCT
cblr-2937	1002	1	the	the	DET
cblr-2937	1002	2	evidence	evidence	NOUN
cblr-2937	1002	3	suggests	suggest	VERB
cblr-2937	1002	4	that	that	SCONJ
cblr-2937	1002	5	each	each	DET
cblr-2937	1002	6	major	major	ADJ
cblr-2937	1002	7	agency	agency	NOUN
cblr-2937	1002	8	may	may	AUX
cblr-2937	1002	9	have	have	AUX
cblr-2937	1002	10	acted	act	VERB
cblr-2937	1002	11	as	as	ADP
cblr-2937	1002	12	a	a	DET
cblr-2937	1002	13	gatekeeper	gatekeeper	NOUN
cblr-2937	1002	14	in	in	ADP
cblr-2937	1002	15	the	the	DET
cblr-2937	1002	16	development	development	NOUN
cblr-2937	1002	17	of	of	ADP
cblr-2937	1002	18	the	the	DET
cblr-2937	1002	19	structuredfinance	structuredfinance	NOUN
cblr-2937	1002	20	market	market	NOUN
cblr-2937	1002	21	.	.	PUNCT
cblr-2937	1003	1	certainly	certainly	ADV
cblr-2937	1003	2	,	,	PUNCT
cblr-2937	1003	3	rating	rating	NOUN
cblr-2937	1003	4	-	-	PUNCT
cblr-2937	1003	5	agency	agency	NOUN
cblr-2937	1003	6	acceptance	acceptance	NOUN
cblr-2937	1003	7	in	in	ADP
cblr-2937	1003	8	general	general	ADJ
cblr-2937	1003	9	has	have	AUX
cblr-2937	1003	10	been	be	AUX
cblr-2937	1003	11	critical	critical	ADJ
cblr-2937	1003	12	to	to	ADP
cblr-2937	1003	13	development	development	NOUN
cblr-2937	1003	14	of	of	ADP
cblr-2937	1003	15	the	the	DET
cblr-2937	1003	16	market.217	market.217	NOUN
cblr-2937	1003	17	as	as	SCONJ
cblr-2937	1003	18	one	one	NUM
cblr-2937	1003	19	commentator	commentator	NOUN
cblr-2937	1003	20	recently	recently	ADV
cblr-2937	1003	21	noted	note	VERB
cblr-2937	1003	22	,	,	PUNCT
cblr-2937	1003	23	"	"	PUNCT
cblr-2937	1003	24	[	[	X
cblr-2937	1003	25	slecuritization	slecuritization	NOUN
cblr-2937	1003	26	is	be	AUX
cblr-2937	1003	27	,	,	PUNCT
cblr-2937	1003	28	and	and	CCONJ
cblr-2937	1003	29	always	always	ADV
cblr-2937	1003	30	has	have	AUX
cblr-2937	1003	31	been	be	AUX
cblr-2937	1003	32	,	,	PUNCT
cblr-2937	1003	33	a	a	DET
cblr-2937	1003	34	rating	rating	NOUN
cblr-2937	1003	35	-	-	PUNCT
cblr-2937	1003	36	driven	drive	VERB
cblr-2937	1003	37	product	product	NOUN
cblr-2937	1003	38	.	.	PUNCT
cblr-2937	1004	1	"21	"21	PROPN
cblr-2937	1004	2	structuredfinance	structuredfinance	NOUN
cblr-2937	1004	3	products	product	NOUN
cblr-2937	1004	4	are	be	AUX
cblr-2937	1004	5	set	set	VERB
cblr-2937	1004	6	up	up	ADP
cblr-2937	1004	7	so	so	SCONJ
cblr-2937	1004	8	that	that	SCONJ
cblr-2937	1004	9	the	the	DET
cblr-2937	1004	10	securities	security	NOUN
cblr-2937	1004	11	that	that	PRON
cblr-2937	1004	12	the	the	DET
cblr-2937	1004	13	structure	structure	NOUN
cblr-2937	1004	14	issues	issue	NOUN
cblr-2937	1004	15	receive	receive	VERB
cblr-2937	1004	16	particular	particular	ADJ
cblr-2937	1004	17	ratings	rating	NOUN
cblr-2937	1004	18	.	.	PUNCT
cblr-2937	1005	1	that	that	PRON
cblr-2937	1005	2	makes	make	VERB
cblr-2937	1005	3	sense	sense	NOUN
cblr-2937	1005	4	,	,	PUNCT
cblr-2937	1005	5	because	because	SCONJ
cblr-2937	1005	6	a	a	DET
cblr-2937	1005	7	major	major	ADJ
cblr-2937	1005	8	economic	economic	ADJ
cblr-2937	1005	9	benefit	benefit	NOUN
cblr-2937	1005	10	that	that	SCONJ
cblr-2937	1005	11	securitization	securitization	NOUN
cblr-2937	1005	12	is	be	AUX
cblr-2937	1005	13	said	say	VERB
cblr-2937	1005	14	to	to	PART
cblr-2937	1005	15	provide	provide	VERB
cblr-2937	1005	16	is	be	AUX
cblr-2937	1005	17	"	"	PUNCT
cblr-2937	1005	18	completing	complete	VERB
cblr-2937	1005	19	markets"-matching	markets"-matche	VERB
cblr-2937	1005	20	the	the	DET
cblr-2937	1005	21	risk	risk	NOUN
cblr-2937	1005	22	levels	level	NOUN
cblr-2937	1005	23	of	of	ADP
cblr-2937	1005	24	available	available	ADJ
cblr-2937	1005	25	investments	investment	NOUN
cblr-2937	1005	26	with	with	ADP
cblr-2937	1005	27	the	the	DET
cblr-2937	1005	28	risk	risk	NOUN
cblr-2937	1005	29	preferences	preference	NOUN
cblr-2937	1005	30	of	of	ADP
cblr-2937	1005	31	investors	investor	NOUN
cblr-2937	1005	32	.	.	PUNCT
cblr-2937	1006	1	generally	generally	ADV
cblr-2937	1006	2	speaking	speak	VERB
cblr-2937	1006	3	,	,	PUNCT
cblr-2937	1006	4	the	the	DET
cblr-2937	1006	5	perception	perception	NOUN
cblr-2937	1006	6	has	have	AUX
cblr-2937	1006	7	been	be	AUX
cblr-2937	1006	8	that	that	SCONJ
cblr-2937	1006	9	before	before	ADP
cblr-2937	1006	10	securitization	securitization	NOUN
cblr-2937	1006	11	,	,	PUNCT
cblr-2937	1006	12	there	there	PRON
cblr-2937	1006	13	were	be	VERB
cblr-2937	1006	14	"	"	PUNCT
cblr-2937	1006	15	too	too	ADV
cblr-2937	1006	16	few	few	ADJ
cblr-2937	1006	17	"	"	PUNCT
cblr-2937	1006	18	investments	investment	NOUN
cblr-2937	1006	19	217	217	NUM
cblr-2937	1006	20	see	see	VERB
cblr-2937	1006	21	hayre	hayre	NOUN
cblr-2937	1006	22	,	,	PUNCT
cblr-2937	1006	23	supra	supra	PROPN
cblr-2937	1006	24	note	note	NOUN
cblr-2937	1006	25	23	23	NUM
cblr-2937	1006	26	,	,	PUNCT
cblr-2937	1006	27	at	at	ADP
cblr-2937	1006	28	13	13	NUM
cblr-2937	1006	29	;	;	PUNCT
cblr-2937	1006	30	fsf	fsf	PROPN
cblr-2937	1006	31	report	report	PROPN
cblr-2937	1006	32	,	,	PUNCT
cblr-2937	1006	33	supra	supra	PROPN
cblr-2937	1006	34	note	note	PROPN
cblr-2937	1006	35	37	37	NUM
cblr-2937	1006	36	,	,	PUNCT
cblr-2937	1006	37	at	at	ADP
cblr-2937	1006	38	32	32	NUM
cblr-2937	1006	39	(	(	PUNCT
cblr-2937	1006	40	rating	rating	NOUN
cblr-2937	1006	41	agencies	agency	NOUN
cblr-2937	1006	42	'	'	PART
cblr-2937	1006	43	"	"	PUNCT
cblr-2937	1006	44	assigning	assign	VERB
cblr-2937	1006	45	high	high	ADJ
cblr-2937	1006	46	ratings	rating	NOUN
cblr-2937	1006	47	to	to	ADP
cblr-2937	1006	48	subprime	subprime	ADV
cblr-2937	1006	49	-	-	PUNCT
cblr-2937	1006	50	related	relate	VERB
cblr-2937	1006	51	rmbs	rmb	NOUN
cblr-2937	1006	52	and	and	CCONJ
cblr-2937	1006	53	cdos	cdo	NOUN
cblr-2937	1006	54	between	between	ADP
cblr-2937	1006	55	2004	2004	NUM
cblr-2937	1006	56	and	and	CCONJ
cblr-2937	1006	57	2007	2007	NUM
cblr-2937	1006	58	...	...	PUNCT
cblr-2937	1007	1	contribut[ed	contribut[ed	NOUN
cblr-2937	1007	2	]	]	PUNCT
cblr-2937	1007	3	to	to	ADP
cblr-2937	1007	4	the	the	DET
cblr-2937	1007	5	phenomenal	phenomenal	ADJ
cblr-2937	1007	6	growth	growth	NOUN
cblr-2937	1007	7	of	of	ADP
cblr-2937	1007	8	subprime	subprime	ADJ
cblr-2937	1007	9	lending	lending	NOUN
cblr-2937	1007	10	"	"	PUNCT
cblr-2937	1007	11	)	)	PUNCT
cblr-2937	1007	12	.	.	PUNCT
cblr-2937	1008	1	211	211	NUM
cblr-2937	1008	2	kettering	kettering	NOUN
cblr-2937	1008	3	,	,	PUNCT
cblr-2937	1008	4	supra	supra	PROPN
cblr-2937	1008	5	note	note	PROPN
cblr-2937	1008	6	16	16	NUM
cblr-2937	1008	7	,	,	PUNCT
cblr-2937	1008	8	at	at	ADP
cblr-2937	1008	9	1673	1673	NUM
cblr-2937	1008	10	.	.	PUNCT
cblr-2937	1009	1	coluamia	coluamia	NOUN
cblr-2937	1009	2	b	b	NUM
cblr-2937	1009	3	usiness	usiness	PROPN
cblr-2937	1009	4	la	la	PROPN
cblr-2937	1009	5	w	w	PROPN
cblr-2937	1009	6	re	re	PROPN
cblr-2937	1009	7	vie	vie	PROPN
cblr-2937	1009	8	w	w	PROPN
cblr-2937	1010	1	[	[	X
cblr-2937	1010	2	vol	vol	NOUN
cblr-2937	1010	3	.	.	NOUN
cblr-2937	1010	4	2009	2009	NUM
cblr-2937	1010	5	credit	credit	NOUN
cblr-2937	1010	6	rating	rating	NOUN
cblr-2937	1010	7	agencies	agency	NOUN
cblr-2937	1010	8	offering	offer	VERB
cblr-2937	1010	9	very	very	ADV
cblr-2937	1010	10	low	low	ADJ
cblr-2937	1010	11	credit	credit	NOUN
cblr-2937	1010	12	risk	risk	NOUN
cblr-2937	1010	13	(	(	PUNCT
cblr-2937	1010	14	for	for	ADP
cblr-2937	1010	15	example	example	NOUN
cblr-2937	1010	16	,	,	PUNCT
cblr-2937	1010	17	only	only	ADV
cblr-2937	1010	18	a	a	DET
cblr-2937	1010	19	few	few	ADJ
cblr-2937	1010	20	of	of	ADP
cblr-2937	1010	21	the	the	DET
cblr-2937	1010	22	most	most	ADV
cblr-2937	1010	23	stable	stable	ADJ
cblr-2937	1010	24	corporations	corporation	NOUN
cblr-2937	1010	25	offer	offer	VERB
cblr-2937	1010	26	aaa	aaa	NOUN
cblr-2937	1010	27	-	-	PUNCT
cblr-2937	1010	28	rated	rate	VERB
cblr-2937	1010	29	debt	debt	NOUN
cblr-2937	1010	30	)	)	PUNCT
cblr-2937	1010	31	,	,	PUNCT
cblr-2937	1010	32	19	19	NUM
cblr-2937	1010	33	so	so	SCONJ
cblr-2937	1010	34	that	that	SCONJ
cblr-2937	1010	35	securities	security	NOUN
cblr-2937	1010	36	offering	offer	VERB
cblr-2937	1010	37	minimal	minimal	ADJ
cblr-2937	1010	38	risk	risk	NOUN
cblr-2937	1010	39	could	could	AUX
cblr-2937	1010	40	be	be	AUX
cblr-2937	1010	41	sold	sell	VERB
cblr-2937	1010	42	at	at	ADP
cblr-2937	1010	43	a	a	DET
cblr-2937	1010	44	premium	premium	NOUN
cblr-2937	1010	45	.	.	PUNCT
cblr-2937	1011	1	securitization	securitization	NOUN
cblr-2937	1011	2	allows	allow	VERB
cblr-2937	1011	3	the	the	DET
cblr-2937	1011	4	arranger	arranger	NOUN
cblr-2937	1011	5	to	to	PART
cblr-2937	1011	6	take	take	VERB
cblr-2937	1011	7	a	a	DET
cblr-2937	1011	8	lot	lot	NOUN
cblr-2937	1011	9	of	of	ADP
cblr-2937	1011	10	mediumquality	mediumquality	NOUN
cblr-2937	1011	11	debt	debt	NOUN
cblr-2937	1011	12	and	and	CCONJ
cblr-2937	1011	13	turn	turn	VERB
cblr-2937	1011	14	it	it	PRON
cblr-2937	1011	15	into	into	ADP
cblr-2937	1011	16	a	a	DET
cblr-2937	1011	17	mix	mix	NOUN
cblr-2937	1011	18	of	of	ADP
cblr-2937	1011	19	highand	highand	ADJ
cblr-2937	1011	20	low	low	ADJ
cblr-2937	1011	21	-	-	PUNCT
cblr-2937	1011	22	quality	quality	NOUN
cblr-2937	1011	23	debt	debt	NOUN
cblr-2937	1011	24	.	.	PUNCT
cblr-2937	1012	1	because	because	SCONJ
cblr-2937	1012	2	changing	change	VERB
cblr-2937	1012	3	debt	debt	NOUN
cblr-2937	1012	4	quality	quality	NOUN
cblr-2937	1012	5	is	be	AUX
cblr-2937	1012	6	the	the	DET
cblr-2937	1012	7	essence	essence	NOUN
cblr-2937	1012	8	of	of	ADP
cblr-2937	1012	9	what	what	PRON
cblr-2937	1012	10	has	have	AUX
cblr-2937	1012	11	been	be	AUX
cblr-2937	1012	12	called	call	VERB
cblr-2937	1012	13	"	"	PUNCT
cblr-2937	1012	14	the	the	DET
cblr-2937	1012	15	alchemy	alchemy	NOUN
cblr-2937	1012	16	of	of	ADP
cblr-2937	1012	17	asset	asset	NOUN
cblr-2937	1012	18	securitization,"22	securitization,"22	PROPN
cblr-2937	1012	19	°	°	ADP
cblr-2937	1012	20	it	it	PRON
cblr-2937	1012	21	is	be	AUX
cblr-2937	1012	22	unsurprising	unsurprising	ADJ
cblr-2937	1012	23	that	that	SCONJ
cblr-2937	1012	24	the	the	DET
cblr-2937	1012	25	products	product	NOUN
cblr-2937	1012	26	are	be	AUX
cblr-2937	1012	27	designed	design	VERB
cblr-2937	1012	28	to	to	PART
cblr-2937	1012	29	satisfy	satisfy	VERB
cblr-2937	1012	30	the	the	DET
cblr-2937	1012	31	established	establish	VERB
cblr-2937	1012	32	arbiters	arbiter	NOUN
cblr-2937	1012	33	of	of	ADP
cblr-2937	1012	34	credit	credit	NOUN
cblr-2937	1012	35	quality	quality	NOUN
cblr-2937	1012	36	,	,	PUNCT
cblr-2937	1012	37	the	the	DET
cblr-2937	1012	38	rating	rating	NOUN
cblr-2937	1012	39	agencies.22	agencies.22	NOUN
cblr-2937	1012	40	'	'	PUNCT
cblr-2937	1012	41	that	that	SCONJ
cblr-2937	1012	42	ratings	rating	NOUN
cblr-2937	1012	43	are	be	AUX
cblr-2937	1012	44	needed	need	VERB
cblr-2937	1012	45	in	in	ADP
cblr-2937	1012	46	general	general	ADJ
cblr-2937	1012	47	for	for	SCONJ
cblr-2937	1012	48	products	product	NOUN
cblr-2937	1012	49	to	to	PART
cblr-2937	1012	50	be	be	AUX
cblr-2937	1012	51	adopted	adopt	VERB
cblr-2937	1012	52	does	do	AUX
cblr-2937	1012	53	not	not	PART
cblr-2937	1012	54	necessarily	necessarily	ADV
cblr-2937	1012	55	imply	imply	VERB
cblr-2937	1012	56	that	that	SCONJ
cblr-2937	1012	57	each	each	DET
cblr-2937	1012	58	agency	agency	NOUN
cblr-2937	1012	59	individually	individually	ADV
cblr-2937	1012	60	was	be	AUX
cblr-2937	1012	61	necessary	necessary	ADJ
cblr-2937	1012	62	for	for	ADP
cblr-2937	1012	63	the	the	DET
cblr-2937	1012	64	development	development	NOUN
cblr-2937	1012	65	of	of	ADP
cblr-2937	1012	66	each	each	DET
cblr-2937	1012	67	product	product	NOUN
cblr-2937	1012	68	market	market	NOUN
cblr-2937	1012	69	.	.	PUNCT
cblr-2937	1013	1	if	if	SCONJ
cblr-2937	1013	2	one	one	NUM
cblr-2937	1013	3	agency	agency	NOUN
cblr-2937	1013	4	declines	decline	VERB
cblr-2937	1013	5	to	to	PART
cblr-2937	1013	6	rate	rate	VERB
cblr-2937	1013	7	a	a	DET
cblr-2937	1013	8	particular	particular	ADJ
cblr-2937	1013	9	type	type	NOUN
cblr-2937	1013	10	of	of	ADP
cblr-2937	1013	11	security	security	NOUN
cblr-2937	1013	12	,	,	PUNCT
cblr-2937	1013	13	others	other	NOUN
cblr-2937	1013	14	may	may	AUX
cblr-2937	1013	15	do	do	VERB
cblr-2937	1013	16	so	so	ADV
cblr-2937	1013	17	and	and	CCONJ
cblr-2937	1013	18	that	that	PRON
cblr-2937	1013	19	may	may	AUX
cblr-2937	1013	20	permit	permit	VERB
cblr-2937	1013	21	the	the	DET
cblr-2937	1013	22	market	market	NOUN
cblr-2937	1013	23	to	to	PART
cblr-2937	1013	24	develop	develop	VERB
cblr-2937	1013	25	.	.	PUNCT
cblr-2937	1014	1	nevertheless	nevertheless	ADV
cblr-2937	1014	2	,	,	PUNCT
cblr-2937	1014	3	evidence	evidence	NOUN
cblr-2937	1014	4	suggests	suggest	VERB
cblr-2937	1014	5	that	that	SCONJ
cblr-2937	1014	6	if	if	SCONJ
cblr-2937	1014	7	any	any	DET
cblr-2937	1014	8	one	one	NUM
cblr-2937	1014	9	of	of	ADP
cblr-2937	1014	10	the	the	DET
cblr-2937	1014	11	major	major	ADJ
cblr-2937	1014	12	agencies	agency	NOUN
cblr-2937	1014	13	had	have	AUX
cblr-2937	1014	14	declined	decline	VERB
cblr-2937	1014	15	to	to	PART
cblr-2937	1014	16	go	go	VERB
cblr-2937	1014	17	along	along	ADV
cblr-2937	1014	18	with	with	ADP
cblr-2937	1014	19	a	a	DET
cblr-2937	1014	20	219	219	NUM
cblr-2937	1014	21	see	see	NOUN
cblr-2937	1014	22	rajan	rajan	PROPN
cblr-2937	1014	23	et	et	PROPN
cblr-2937	1014	24	al	al	PROPN
cblr-2937	1014	25	.	.	PROPN
cblr-2937	1014	26	,	,	PUNCT
cblr-2937	1014	27	supra	supra	PROPN
cblr-2937	1014	28	note	note	PROPN
cblr-2937	1014	29	16	16	NUM
cblr-2937	1014	30	,	,	PUNCT
cblr-2937	1014	31	at	at	ADP
cblr-2937	1014	32	2	2	NUM
cblr-2937	1014	33	(	(	PUNCT
cblr-2937	1014	34	2007	2007	NUM
cblr-2937	1014	35	)	)	PUNCT
cblr-2937	1014	36	;	;	PUNCT
cblr-2937	1014	37	aaasking	aaaske	VERB
cblr-2937	1014	38	for	for	ADP
cblr-2937	1014	39	trouble	trouble	NOUN
cblr-2937	1014	40	,	,	PUNCT
cblr-2937	1014	41	the	the	DET
cblr-2937	1014	42	economist	economist	NOUN
cblr-2937	1014	43	,	,	PUNCT
cblr-2937	1014	44	july	july	PROPN
cblr-2937	1014	45	14	14	NUM
cblr-2937	1014	46	,	,	PUNCT
cblr-2937	1014	47	2007	2007	NUM
cblr-2937	1014	48	(	(	PUNCT
cblr-2937	1014	49	"	"	PUNCT
cblr-2937	1014	50	[	[	PUNCT
cblr-2937	1014	51	o]nly	o]nly	ADV
cblr-2937	1014	52	six	six	NUM
cblr-2937	1014	53	american	american	ADJ
cblr-2937	1014	54	non	non	ADJ
cblr-2937	1014	55	-	-	ADJ
cblr-2937	1014	56	bank	bank	ADJ
cblr-2937	1014	57	companies	company	NOUN
cblr-2937	1014	58	carry	carry	VERB
cblr-2937	1014	59	a	a	DET
cblr-2937	1014	60	triple	triple	ADJ
cblr-2937	1014	61	-	-	PUNCT
cblr-2937	1014	62	a	a	DET
cblr-2937	1014	63	rating	rating	NOUN
cblr-2937	1014	64	today	today	NOUN
cblr-2937	1014	65	,	,	PUNCT
cblr-2937	1014	66	including	include	VERB
cblr-2937	1014	67	berkshire	berkshire	PROPN
cblr-2937	1014	68	hathaway	hathaway	PROPN
cblr-2937	1014	69	and	and	CCONJ
cblr-2937	1014	70	general	general	PROPN
cblr-2937	1014	71	electric	electric	NOUN
cblr-2937	1014	72	.	.	PUNCT
cblr-2937	1014	73	"	"	PUNCT
cblr-2937	1014	74	)	)	PUNCT
cblr-2937	1014	75	;	;	PUNCT
cblr-2937	1014	76	mary	mary	PROPN
cblr-2937	1014	77	e.	e.	PROPN
cblr-2937	1014	78	kane	kane	PROPN
cblr-2937	1014	79	,	,	PUNCT
cblr-2937	1014	80	an	an	DET
cblr-2937	1014	81	introduction	introduction	NOUN
cblr-2937	1014	82	to	to	ADP
cblr-2937	1014	83	the	the	DET
cblr-2937	1014	84	asset	asset	NOUN
cblr-2937	1014	85	-	-	PUNCT
cblr-2937	1014	86	backed	back	VERB
cblr-2937	1014	87	securities	security	NOUN
cblr-2937	1014	88	market	market	NOUN
cblr-2937	1014	89	,	,	PUNCT
cblr-2937	1014	90	in	in	ADP
cblr-2937	1014	91	salomon	salomon	PROPN
cblr-2937	1014	92	smith	smith	PROPN
cblr-2937	1014	93	barney	barney	PROPN
cblr-2937	1014	94	guide	guide	PROPN
cblr-2937	1014	95	to	to	ADP
cblr-2937	1014	96	mortgage	mortgage	NOUN
cblr-2937	1014	97	-	-	PUNCT
cblr-2937	1014	98	backed	back	VERB
cblr-2937	1014	99	and	and	CCONJ
cblr-2937	1014	100	asset	asset	NOUN
cblr-2937	1014	101	-	-	PUNCT
cblr-2937	1014	102	backed	back	VERB
cblr-2937	1014	103	securities	security	NOUN
cblr-2937	1014	104	69	69	NUM
cblr-2937	1014	105	,	,	PUNCT
cblr-2937	1014	106	71	71	NUM
cblr-2937	1014	107	(	(	PUNCT
cblr-2937	1014	108	lakhbir	lakhbir	PROPN
cblr-2937	1014	109	hayre	hayre	PROPN
cblr-2937	1014	110	ed	ed	PROPN
cblr-2937	1014	111	.	.	PROPN
cblr-2937	1014	112	,	,	PUNCT
cblr-2937	1014	113	2001	2001	NUM
cblr-2937	1014	114	)	)	PUNCT
cblr-2937	1014	115	(	(	PUNCT
cblr-2937	1014	116	citing	cite	VERB
cblr-2937	1014	117	"	"	PUNCT
cblr-2937	1014	118	a	a	DET
cblr-2937	1014	119	wide	wide	ADJ
cblr-2937	1014	120	universe	universe	NOUN
cblr-2937	1014	121	of	of	ADP
cblr-2937	1014	122	triple	triple	ADJ
cblr-2937	1014	123	-	-	PUNCT
cblr-2937	1014	124	a	a	NOUN
cblr-2937	1014	125	and	and	CCONJ
cblr-2937	1014	126	other	other	ADJ
cblr-2937	1014	127	investment	investment	NOUN
cblr-2937	1014	128	-	-	PUNCT
cblr-2937	1014	129	grade	grade	NOUN
cblr-2937	1014	130	assets	asset	NOUN
cblr-2937	1014	131	,	,	PUNCT
cblr-2937	1014	132	"	"	PUNCT
cblr-2937	1014	133	"	"	PUNCT
cblr-2937	1014	134	greater	great	ADJ
cblr-2937	1014	135	liquidity	liquidity	NOUN
cblr-2937	1014	136	,	,	PUNCT
cblr-2937	1014	137	"	"	PUNCT
cblr-2937	1014	138	and	and	CCONJ
cblr-2937	1014	139	"	"	PUNCT
cblr-2937	1014	140	lower	low	ADJ
cblr-2937	1014	141	ratings	rating	NOUN
cblr-2937	1014	142	volatility	volatility	NOUN
cblr-2937	1014	143	"	"	PUNCT
cblr-2937	1014	144	as	as	ADP
cblr-2937	1014	145	reasons	reason	NOUN
cblr-2937	1014	146	investors	investor	NOUN
cblr-2937	1014	147	benefit	benefit	VERB
cblr-2937	1014	148	from	from	ADP
cblr-2937	1014	149	securitization	securitization	NOUN
cblr-2937	1014	150	)	)	PUNCT
cblr-2937	1014	151	.	.	PUNCT
cblr-2937	1015	1	220	220	NUM
cblr-2937	1015	2	steven	steven	PROPN
cblr-2937	1015	3	l.	l.	PROPN
cblr-2937	1015	4	schwarcz	schwarcz	PROPN
cblr-2937	1015	5	,	,	PUNCT
cblr-2937	1015	6	the	the	DET
cblr-2937	1015	7	alchemy	alchemy	NOUN
cblr-2937	1015	8	of	of	ADP
cblr-2937	1015	9	asset	asset	NOUN
cblr-2937	1015	10	securitization	securitization	NOUN
cblr-2937	1015	11	,	,	PUNCT
cblr-2937	1015	12	1	1	NUM
cblr-2937	1015	13	stan	stan	PROPN
cblr-2937	1015	14	.	.	PUNCT
cblr-2937	1016	1	j.	j.	PROPN
cblr-2937	1016	2	of	of	ADP
cblr-2937	1016	3	law	law	PROPN
cblr-2937	1016	4	,	,	PUNCT
cblr-2937	1016	5	bus	bus	NOUN
cblr-2937	1016	6	.	.	PUNCT
cblr-2937	1016	7	&	&	CCONJ
cblr-2937	1016	8	fin	fin	PROPN
cblr-2937	1016	9	.	.	PUNCT
cblr-2937	1017	1	133	133	NUM
cblr-2937	1017	2	(	(	PUNCT
cblr-2937	1017	3	1994	1994	NUM
cblr-2937	1017	4	)	)	PUNCT
cblr-2937	1017	5	.	.	PUNCT
cblr-2937	1018	1	221	221	NUM
cblr-2937	1019	1	i	i	PRON
cblr-2937	1019	2	d.	d.	NOUN
cblr-2937	1019	3	at	at	ADP
cblr-2937	1019	4	136	136	NUM
cblr-2937	1019	5	(	(	PUNCT
cblr-2937	1019	6	"	"	PUNCT
cblr-2937	1019	7	the	the	DET
cblr-2937	1019	8	interest	interest	NOUN
cblr-2937	1019	9	rate	rate	NOUN
cblr-2937	1019	10	necessary	necessary	ADJ
cblr-2937	1019	11	to	to	PART
cblr-2937	1019	12	entice	entice	VERB
cblr-2937	1019	13	investors	investor	NOUN
cblr-2937	1019	14	to	to	PART
cblr-2937	1019	15	purchase	purchase	VERB
cblr-2937	1019	16	the	the	DET
cblr-2937	1019	17	spv	spv	PROPN
cblr-2937	1019	18	's	's	PART
cblr-2937	1019	19	securities	security	NOUN
cblr-2937	1019	20	is	be	AUX
cblr-2937	1019	21	often	often	ADV
cblr-2937	1019	22	a	a	DET
cblr-2937	1019	23	function	function	NOUN
cblr-2937	1019	24	of	of	ADP
cblr-2937	1019	25	the	the	DET
cblr-2937	1019	26	'	'	PUNCT
cblr-2937	1019	27	rating	rating	NOUN
cblr-2937	1019	28	'	'	PUNCT
cblr-2937	1019	29	that	that	SCONJ
cblr-2937	1019	30	the	the	DET
cblr-2937	1019	31	spv	spv	PROPN
cblr-2937	1019	32	's	's	PART
cblr-2937	1019	33	debt	debt	NOUN
cblr-2937	1019	34	securities	security	NOUN
cblr-2937	1019	35	receive	receive	VERB
cblr-2937	1019	36	.	.	PUNCT
cblr-2937	1020	1	"	"	PUNCT
cblr-2937	1020	2	)	)	PUNCT
cblr-2937	1020	3	;	;	PUNCT
cblr-2937	1020	4	iosco	iosco	PROPN
cblr-2937	1020	5	cra	cra	PROPN
cblr-2937	1020	6	report	report	PROPN
cblr-2937	1020	7	,	,	PUNCT
cblr-2937	1020	8	supra	supra	PROPN
cblr-2937	1020	9	note	note	PROPN
cblr-2937	1020	10	36	36	NUM
cblr-2937	1020	11	,	,	PUNCT
cblr-2937	1020	12	at	at	ADP
cblr-2937	1020	13	5	5	NUM
cblr-2937	1020	14	(	(	PUNCT
cblr-2937	1020	15	"	"	PUNCT
cblr-2937	1020	16	because	because	SCONJ
cblr-2937	1020	17	structured	structured	ADJ
cblr-2937	1020	18	financial	financial	ADJ
cblr-2937	1020	19	products	product	NOUN
cblr-2937	1020	20	are	be	AUX
cblr-2937	1020	21	designed	design	VERB
cblr-2937	1020	22	to	to	PART
cblr-2937	1020	23	take	take	VERB
cblr-2937	1020	24	advantage	advantage	NOUN
cblr-2937	1020	25	of	of	ADP
cblr-2937	1020	26	different	different	ADJ
cblr-2937	1020	27	investor	investor	NOUN
cblr-2937	1020	28	risk	risk	NOUN
cblr-2937	1020	29	preferences	preference	NOUN
cblr-2937	1020	30	and	and	CCONJ
cblr-2937	1020	31	investment	investment	NOUN
cblr-2937	1020	32	time	time	NOUN
cblr-2937	1020	33	horizons	horizon	NOUN
cblr-2937	1020	34	,	,	PUNCT
cblr-2937	1020	35	they	they	PRON
cblr-2937	1020	36	are	be	AUX
cblr-2937	1020	37	,	,	PUNCT
cblr-2937	1020	38	in	in	ADP
cblr-2937	1020	39	a	a	DET
cblr-2937	1020	40	sense	sense	NOUN
cblr-2937	1020	41	,	,	PUNCT
cblr-2937	1020	42	designed	design	VERB
cblr-2937	1020	43	for	for	ADP
cblr-2937	1020	44	a	a	DET
cblr-2937	1020	45	particular	particular	ADJ
cblr-2937	1020	46	credit	credit	NOUN
cblr-2937	1020	47	rating	rating	NOUN
cblr-2937	1020	48	(	(	PUNCT
cblr-2937	1020	49	even	even	ADV
cblr-2937	1020	50	in	in	ADP
cblr-2937	1020	51	cases	case	NOUN
cblr-2937	1020	52	where	where	SCONJ
cblr-2937	1020	53	no	no	DET
cblr-2937	1020	54	cra	cra	PROPN
cblr-2937	1020	55	opinion	opinion	NOUN
cblr-2937	1020	56	or	or	CCONJ
cblr-2937	1020	57	formal	formal	ADJ
cblr-2937	1020	58	credit	credit	NOUN
cblr-2937	1020	59	rating	rating	NOUN
cblr-2937	1020	60	is	be	AUX
cblr-2937	1020	61	sought	seek	VERB
cblr-2937	1020	62	)	)	PUNCT
cblr-2937	1020	63	.	.	PUNCT
cblr-2937	1021	1	"	"	PUNCT
cblr-2937	1021	2	)	)	PUNCT
cblr-2937	1021	3	;	;	PUNCT
cblr-2937	1021	4	standard	standard	PROPN
cblr-2937	1021	5	&	&	CCONJ
cblr-2937	1021	6	poor	poor	PROPN
cblr-2937	1021	7	's	's	PART
cblr-2937	1021	8	,	,	PUNCT
cblr-2937	1021	9	supra	supra	PROPN
cblr-2937	1021	10	note	note	PROPN
cblr-2937	1021	11	172	172	NUM
cblr-2937	1021	12	,	,	PUNCT
cblr-2937	1021	13	at	at	ADP
cblr-2937	1021	14	2	2	NUM
cblr-2937	1021	15	-	-	SYM
cblr-2937	1021	16	3	3	NUM
cblr-2937	1021	17	(	(	PUNCT
cblr-2937	1021	18	"	"	PUNCT
cblr-2937	1021	19	the	the	DET
cblr-2937	1021	20	efficiency	efficiency	NOUN
cblr-2937	1021	21	in	in	ADP
cblr-2937	1021	22	[	[	X
cblr-2937	1021	23	the	the	DET
cblr-2937	1021	24	structured	structured	ADJ
cblr-2937	1021	25	-	-	PUNCT
cblr-2937	1021	26	finance	finance	NOUN
cblr-2937	1021	27	]	]	PUNCT
cblr-2937	1021	28	process	process	NOUN
cblr-2937	1021	29	is	be	AUX
cblr-2937	1021	30	that	that	SCONJ
cblr-2937	1021	31	it	it	PRON
cblr-2937	1021	32	allows	allow	VERB
cblr-2937	1021	33	different	different	ADJ
cblr-2937	1021	34	investors	investor	NOUN
cblr-2937	1021	35	with	with	ADP
cblr-2937	1021	36	different	different	ADJ
cblr-2937	1021	37	interests	interest	NOUN
cblr-2937	1021	38	and	and	CCONJ
cblr-2937	1021	39	risk	risk	NOUN
cblr-2937	1021	40	appetites	appetite	NOUN
cblr-2937	1021	41	to	to	PART
cblr-2937	1021	42	purchase	purchase	VERB
cblr-2937	1021	43	exactly	exactly	ADV
cblr-2937	1021	44	the	the	DET
cblr-2937	1021	45	risks	risk	NOUN
cblr-2937	1021	46	they	they	PRON
cblr-2937	1021	47	want	want	VERB
cblr-2937	1021	48	....	....	PUNCT
cblr-2937	1022	1	[	[	X
cblr-2937	1022	2	i]t	i]t	PROPN
cblr-2937	1022	3	follows	follow	VERB
cblr-2937	1022	4	that	that	SCONJ
cblr-2937	1022	5	arrangers	arranger	NOUN
cblr-2937	1022	6	will	will	AUX
cblr-2937	1022	7	seek	seek	VERB
cblr-2937	1022	8	to	to	PART
cblr-2937	1022	9	tailor	tailor	VERB
cblr-2937	1022	10	their	their	PRON
cblr-2937	1022	11	structure	structure	NOUN
cblr-2937	1022	12	to	to	PART
cblr-2937	1022	13	generate	generate	VERB
cblr-2937	1022	14	the	the	DET
cblr-2937	1022	15	rating	rating	NOUN
cblr-2937	1022	16	for	for	ADP
cblr-2937	1022	17	each	each	DET
cblr-2937	1022	18	tranche	tranche	NOUN
cblr-2937	1022	19	that	that	PRON
cblr-2937	1022	20	matches	match	VERB
cblr-2937	1022	21	what	what	PRON
cblr-2937	1022	22	the	the	DET
cblr-2937	1022	23	buyers	buyer	NOUN
cblr-2937	1022	24	are	be	AUX
cblr-2937	1022	25	seeking	seek	VERB
cblr-2937	1022	26	.	.	PUNCT
cblr-2937	1022	27	"	"	PUNCT
cblr-2937	1022	28	)	)	PUNCT
cblr-2937	1022	29	;	;	PUNCT
cblr-2937	1022	30	see	see	VERB
cblr-2937	1022	31	also	also	ADV
cblr-2937	1022	32	bethel	bethel	PROPN
cblr-2937	1022	33	et	et	PROPN
cblr-2937	1022	34	al	al	PROPN
cblr-2937	1022	35	.	.	PROPN
cblr-2937	1022	36	,	,	PUNCT
cblr-2937	1022	37	supra	supra	PROPN
cblr-2937	1022	38	note	note	PROPN
cblr-2937	1022	39	26	26	NUM
cblr-2937	1022	40	,	,	PUNCT
cblr-2937	1022	41	at	at	ADP
cblr-2937	1022	42	13	13	NUM
cblr-2937	1022	43	-	-	SYM
cblr-2937	1022	44	14	14	NUM
cblr-2937	1022	45	(	(	PUNCT
cblr-2937	1022	46	rating	rating	NOUN
cblr-2937	1022	47	agency	agency	NOUN
cblr-2937	1022	48	ratings	rating	NOUN
cblr-2937	1022	49	on	on	ADP
cblr-2937	1022	50	real	real	ADJ
cblr-2937	1022	51	-	-	PUNCT
cblr-2937	1022	52	estate	estate	NOUN
cblr-2937	1022	53	-	-	PUNCT
cblr-2937	1022	54	based	base	VERB
cblr-2937	1022	55	products	product	NOUN
cblr-2937	1022	56	"	"	PUNCT
cblr-2937	1022	57	dramatically	dramatically	ADV
cblr-2937	1022	58	changed	change	VERB
cblr-2937	1022	59	the	the	DET
cblr-2937	1022	60	investment	investment	NOUN
cblr-2937	1022	61	opportunities	opportunity	NOUN
cblr-2937	1022	62	of	of	ADP
cblr-2937	1022	63	many	many	ADJ
cblr-2937	1022	64	pension	pension	NOUN
cblr-2937	1022	65	funds	fund	NOUN
cblr-2937	1022	66	"	"	PUNCT
cblr-2937	1022	67	by	by	ADP
cblr-2937	1022	68	permitting	permit	VERB
cblr-2937	1022	69	them	they	PRON
cblr-2937	1022	70	to	to	PART
cblr-2937	1022	71	invest	invest	VERB
cblr-2937	1022	72	in	in	ADP
cblr-2937	1022	73	real	real	ADJ
cblr-2937	1022	74	estate	estate	NOUN
cblr-2937	1022	75	)	)	PUNCT
cblr-2937	1022	76	.	.	PUNCT
cblr-2937	1023	1	no	no	INTJ
cblr-2937	1023	2	.	.	PUNCT
cblr-2937	1024	1	1:109	1:109	NUM
cblr-2937	1024	2	]	]	X
cblr-2937	1024	3	columbia	columbia	PROPN
cblr-2937	1024	4	business	business	PROPN
cblr-2937	1024	5	la	la	PROPN
cblr-2937	1024	6	w	w	PROPN
cblr-2937	1024	7	review	review	NOUN
cblr-2937	1024	8	particular	particular	ADJ
cblr-2937	1024	9	structured	structured	ADJ
cblr-2937	1024	10	product	product	NOUN
cblr-2937	1024	11	,	,	PUNCT
cblr-2937	1024	12	the	the	DET
cblr-2937	1024	13	market	market	NOUN
cblr-2937	1024	14	would	would	AUX
cblr-2937	1024	15	not	not	PART
cblr-2937	1024	16	have	have	VERB
cblr-2937	1024	17	developed.222	developed.222	ADJ
cblr-2937	1024	18	contemplated	contemplate	VERB
cblr-2937	1024	19	market	market	NOUN
cblr-2937	1024	20	reforms	reform	NOUN
cblr-2937	1024	21	,	,	PUNCT
cblr-2937	1024	22	if	if	SCONJ
cblr-2937	1024	23	successful	successful	ADJ
cblr-2937	1024	24	,	,	PUNCT
cblr-2937	1024	25	would	would	AUX
cblr-2937	1024	26	be	be	AUX
cblr-2937	1024	27	expected	expect	VERB
cblr-2937	1024	28	to	to	PART
cblr-2937	1024	29	undermine	undermine	VERB
cblr-2937	1024	30	whatever	whatever	DET
cblr-2937	1024	31	gatekeeper	gatekeeper	NOUN
cblr-2937	1024	32	status	status	NOUN
cblr-2937	1024	33	individual	individual	ADJ
cblr-2937	1024	34	agencies	agency	NOUN
cblr-2937	1024	35	currently	currently	ADV
cblr-2937	1024	36	possess	possess	VERB
cblr-2937	1024	37	.	.	PUNCT
cblr-2937	1025	1	but	but	CCONJ
cblr-2937	1025	2	comparable	comparable	ADJ
cblr-2937	1025	3	efforts	effort	NOUN
cblr-2937	1025	4	have	have	VERB
cblr-2937	1025	5	a	a	DET
cblr-2937	1025	6	mixed	mixed	ADJ
cblr-2937	1025	7	record	record	NOUN
cblr-2937	1025	8	of	of	ADP
cblr-2937	1025	9	success,223	success,223	NOUN
cblr-2937	1025	10	and	and	CCONJ
cblr-2937	1025	11	there	there	PRON
cblr-2937	1025	12	may	may	AUX
cblr-2937	1025	13	not	not	PART
cblr-2937	1025	14	be	be	AUX
cblr-2937	1025	15	demand	demand	NOUN
cblr-2937	1025	16	for	for	ADP
cblr-2937	1025	17	more	more	ADJ
cblr-2937	1025	18	than	than	ADP
cblr-2937	1025	19	a	a	DET
cblr-2937	1025	20	few	few	ADJ
cblr-2937	1025	21	major	major	ADJ
cblr-2937	1025	22	rating	rating	NOUN
cblr-2937	1025	23	agencies	agency	NOUN
cblr-2937	1025	24	,	,	PUNCT
cblr-2937	1025	25	as	as	SCONJ
cblr-2937	1025	26	the	the	DET
cblr-2937	1025	27	incumbent	incumbent	ADJ
cblr-2937	1025	28	agencies	agency	NOUN
cblr-2937	1025	29	assert	assert	VERB
cblr-2937	1025	30	.	.	PUNCT
cblr-2937	1026	1	as	as	ADP
cblr-2937	1026	2	a	a	DET
cblr-2937	1026	3	practical	practical	ADJ
cblr-2937	1026	4	matter	matter	NOUN
cblr-2937	1026	5	,	,	PUNCT
cblr-2937	1026	6	the	the	DET
cblr-2937	1026	7	major	major	ADJ
cblr-2937	1026	8	agencies	agency	NOUN
cblr-2937	1026	9	'	'	PART
cblr-2937	1026	10	gatekeeper	gatekeeper	NOUN
cblr-2937	1026	11	status	status	NOUN
cblr-2937	1026	12	seems	seem	VERB
cblr-2937	1026	13	unlikely	unlikely	ADJ
cblr-2937	1026	14	to	to	PART
cblr-2937	1026	15	change	change	VERB
cblr-2937	1026	16	for	for	ADP
cblr-2937	1026	17	some	some	DET
cblr-2937	1026	18	time	time	NOUN
cblr-2937	1026	19	.	.	PUNCT
cblr-2937	1027	1	b.	b.	PROPN
cblr-2937	1027	2	agency	agency	PROPN
cblr-2937	1027	3	unable	unable	ADJ
cblr-2937	1027	4	to	to	PART
cblr-2937	1027	5	rate	rate	VERB
cblr-2937	1027	6	with	with	ADP
cblr-2937	1027	7	high	high	ADJ
cblr-2937	1027	8	quality	quality	NOUN
cblr-2937	1027	9	without	without	ADP
cblr-2937	1027	10	entering	enter	VERB
cblr-2937	1027	11	if	if	SCONJ
cblr-2937	1027	12	an	an	DET
cblr-2937	1027	13	agency	agency	NOUN
cblr-2937	1027	14	can	can	AUX
cblr-2937	1027	15	not	not	PART
cblr-2937	1027	16	learn	learn	VERB
cblr-2937	1027	17	to	to	PART
cblr-2937	1027	18	rate	rate	VERB
cblr-2937	1027	19	a	a	DET
cblr-2937	1027	20	novel	novel	ADJ
cblr-2937	1027	21	product	product	NOUN
cblr-2937	1027	22	with	with	ADP
cblr-2937	1027	23	high	high	ADJ
cblr-2937	1027	24	quality	quality	NOUN
cblr-2937	1027	25	while	while	SCONJ
cblr-2937	1027	26	it	it	PRON
cblr-2937	1027	27	is	be	AUX
cblr-2937	1027	28	not	not	PART
cblr-2937	1027	29	in	in	ADP
cblr-2937	1027	30	the	the	DET
cblr-2937	1027	31	market	market	NOUN
cblr-2937	1027	32	,	,	PUNCT
cblr-2937	1027	33	then	then	ADV
cblr-2937	1027	34	it	it	PRON
cblr-2937	1027	35	has	have	VERB
cblr-2937	1027	36	no	no	DET
cblr-2937	1027	37	reason	reason	NOUN
cblr-2937	1027	38	to	to	PART
cblr-2937	1027	39	delay	delay	VERB
cblr-2937	1027	40	entry	entry	NOUN
cblr-2937	1027	41	in	in	ADP
cblr-2937	1027	42	order	order	NOUN
cblr-2937	1027	43	to	to	PART
cblr-2937	1027	44	take	take	VERB
cblr-2937	1027	45	market	market	NOUN
cblr-2937	1027	46	share	share	NOUN
cblr-2937	1027	47	away	away	ADV
cblr-2937	1027	48	from	from	ADP
cblr-2937	1027	49	low	low	ADJ
cblr-2937	1027	50	-	-	PUNCT
cblr-2937	1027	51	quality	quality	NOUN
cblr-2937	1027	52	competitors	competitor	NOUN
cblr-2937	1027	53	.	.	PUNCT
cblr-2937	1028	1	if	if	SCONJ
cblr-2937	1028	2	agencies	agency	NOUN
cblr-2937	1028	3	in	in	ADP
cblr-2937	1028	4	fact	fact	NOUN
cblr-2937	1028	5	"	"	PUNCT
cblr-2937	1028	6	learn	learn	VERB
cblr-2937	1028	7	by	by	ADP
cblr-2937	1028	8	222	222	NUM
cblr-2937	1028	9	see	see	NOUN
cblr-2937	1028	10	,	,	PUNCT
cblr-2937	1028	11	e.g.	e.g.	ADV
cblr-2937	1028	12	,	,	PUNCT
cblr-2937	1028	13	senate	senate	PROPN
cblr-2937	1028	14	cra	cra	PROPN
cblr-2937	1028	15	oversight	oversight	NOUN
cblr-2937	1028	16	hearings	hearing	NOUN
cblr-2937	1028	17	,	,	PUNCT
cblr-2937	1028	18	supra	supra	PROPN
cblr-2937	1028	19	note	note	PROPN
cblr-2937	1028	20	62	62	NUM
cblr-2937	1028	21	,	,	PUNCT
cblr-2937	1028	22	at	at	ADP
cblr-2937	1028	23	6	6	NUM
cblr-2937	1028	24	(	(	PUNCT
cblr-2937	1028	25	statement	statement	NOUN
cblr-2937	1028	26	of	of	ADP
cblr-2937	1028	27	glenn	glenn	PROPN
cblr-2937	1028	28	l.	l.	PROPN
cblr-2937	1028	29	reynolds	reynolds	PROPN
cblr-2937	1028	30	,	,	PUNCT
cblr-2937	1028	31	chief	chief	ADJ
cblr-2937	1028	32	executive	executive	ADJ
cblr-2937	1028	33	officer	officer	NOUN
cblr-2937	1028	34	,	,	PUNCT
cblr-2937	1028	35	creditsights	creditsights	PROPN
cblr-2937	1028	36	,	,	PUNCT
cblr-2937	1028	37	inc	inc	PROPN
cblr-2937	1028	38	.	.	PROPN
cblr-2937	1028	39	)	)	PUNCT
cblr-2937	1029	1	(	(	PUNCT
cblr-2937	1029	2	"	"	PUNCT
cblr-2937	1029	3	the	the	DET
cblr-2937	1029	4	bulk	bulk	NOUN
cblr-2937	1029	5	of	of	ADP
cblr-2937	1029	6	institutional	institutional	ADJ
cblr-2937	1029	7	investors	investor	NOUN
cblr-2937	1029	8	have	have	VERB
cblr-2937	1029	9	credit	credit	NOUN
cblr-2937	1029	10	ratings	rating	NOUN
cblr-2937	1029	11	parameters	parameter	NOUN
cblr-2937	1029	12	that	that	PRON
cblr-2937	1029	13	set	set	VERB
cblr-2937	1029	14	out	out	ADP
cblr-2937	1029	15	requirements	requirement	NOUN
cblr-2937	1029	16	for	for	ADP
cblr-2937	1029	17	average	average	ADJ
cblr-2937	1029	18	ratings	rating	NOUN
cblr-2937	1029	19	or	or	CCONJ
cblr-2937	1029	20	minimum	minimum	NOUN
cblr-2937	1029	21	ratings	rating	NOUN
cblr-2937	1029	22	for	for	ADP
cblr-2937	1029	23	securities	security	NOUN
cblr-2937	1029	24	they	they	PRON
cblr-2937	1029	25	own	own	VERB
cblr-2937	1029	26	in	in	ADP
cblr-2937	1029	27	their	their	PRON
cblr-2937	1029	28	portfolio	portfolio	NOUN
cblr-2937	1029	29	or	or	CCONJ
cblr-2937	1029	30	for	for	ADP
cblr-2937	1029	31	counterparty	counterparty	NOUN
cblr-2937	1029	32	risks	risk	NOUN
cblr-2937	1029	33	.	.	PUNCT
cblr-2937	1030	1	these	these	DET
cblr-2937	1030	2	parameters	parameter	NOUN
cblr-2937	1030	3	more	more	ADV
cblr-2937	1030	4	often	often	ADV
cblr-2937	1030	5	than	than	SCONJ
cblr-2937	1030	6	not	not	PART
cblr-2937	1030	7	specifically	specifically	ADV
cblr-2937	1030	8	cite	cite	VERB
cblr-2937	1030	9	moody	moody	NOUN
cblr-2937	1030	10	's	's	PART
cblr-2937	1030	11	and	and	CCONJ
cblr-2937	1030	12	s&p	s&p	PROPN
cblr-2937	1030	13	and	and	CCONJ
cblr-2937	1030	14	not	not	PART
cblr-2937	1030	15	'	'	PUNCT
cblr-2937	1030	16	any	any	PRON
cblr-2937	1030	17	nrsro	nrsro	ADJ
cblr-2937	1030	18	.	.	PUNCT
cblr-2937	1030	19	'	'	PUNCT
cblr-2937	1031	1	...	...	PUNCT
cblr-2937	1031	2	ratings	rating	NOUN
cblr-2937	1031	3	-	-	PUNCT
cblr-2937	1031	4	based	base	VERB
cblr-2937	1031	5	pricing	pricing	NOUN
cblr-2937	1031	6	grids	grid	NOUN
cblr-2937	1031	7	in	in	ADP
cblr-2937	1031	8	bank	bank	NOUN
cblr-2937	1031	9	loan	loan	NOUN
cblr-2937	1031	10	agreements	agreement	NOUN
cblr-2937	1031	11	,	,	PUNCT
cblr-2937	1031	12	ratings	rating	NOUN
cblr-2937	1031	13	triggers	trigger	NOUN
cblr-2937	1031	14	built	build	VERB
cblr-2937	1031	15	into	into	ADP
cblr-2937	1031	16	bond	bond	NOUN
cblr-2937	1031	17	and	and	CCONJ
cblr-2937	1031	18	bank	bank	NOUN
cblr-2937	1031	19	loan	loan	NOUN
cblr-2937	1031	20	terms	term	NOUN
cblr-2937	1031	21	,	,	PUNCT
cblr-2937	1031	22	ratings	rating	NOUN
cblr-2937	1031	23	-	-	PUNCT
cblr-2937	1031	24	based	base	VERB
cblr-2937	1031	25	haircuts	haircut	NOUN
cblr-2937	1031	26	on	on	ADP
cblr-2937	1031	27	loans	loan	NOUN
cblr-2937	1031	28	used	use	VERB
cblr-2937	1031	29	in	in	ADP
cblr-2937	1031	30	setting	set	VERB
cblr-2937	1031	31	margins	margin	NOUN
cblr-2937	1031	32	on	on	ADP
cblr-2937	1031	33	debt	debt	NOUN
cblr-2937	1031	34	securities	security	NOUN
cblr-2937	1031	35	as	as	ADP
cblr-2937	1031	36	collateral	collateral	NOUN
cblr-2937	1031	37	,	,	PUNCT
cblr-2937	1031	38	over	over	ADP
cblr-2937	1031	39	-	-	PUNCT
cblr-2937	1031	40	the	the	DET
cblr-2937	1031	41	-	-	PUNCT
cblr-2937	1031	42	counter	counter	NOUN
cblr-2937	1031	43	swap	swap	NOUN
cblr-2937	1031	44	agreements	agreement	NOUN
cblr-2937	1031	45	that	that	PRON
cblr-2937	1031	46	include	include	VERB
cblr-2937	1031	47	ratings	rating	NOUN
cblr-2937	1031	48	-	-	PUNCT
cblr-2937	1031	49	based	base	VERB
cblr-2937	1031	50	termination	termination	NOUN
cblr-2937	1031	51	provisions	provision	NOUN
cblr-2937	1031	52	,	,	PUNCT
cblr-2937	1031	53	internal	internal	ADJ
cblr-2937	1031	54	credit	credit	NOUN
cblr-2937	1031	55	limits	limit	NOUN
cblr-2937	1031	56	by	by	ADP
cblr-2937	1031	57	issuer	issuer	NOUN
cblr-2937	1031	58	in	in	ADP
cblr-2937	1031	59	portfolios	portfolio	NOUN
cblr-2937	1031	60	,	,	PUNCT
cblr-2937	1031	61	and	and	CCONJ
cblr-2937	1031	62	many	many	ADJ
cblr-2937	1031	63	other	other	ADJ
cblr-2937	1031	64	risk	risk	NOUN
cblr-2937	1031	65	management	management	NOUN
cblr-2937	1031	66	practices	practice	NOUN
cblr-2937	1031	67	cite	cite	VERB
cblr-2937	1031	68	the	the	DET
cblr-2937	1031	69	specific	specific	ADJ
cblr-2937	1031	70	rating	rating	NOUN
cblr-2937	1031	71	agencies	agency	NOUN
cblr-2937	1031	72	-	-	PUNCT
cblr-2937	1031	73	namely	namely	ADV
cblr-2937	1031	74	,	,	PUNCT
cblr-2937	1031	75	s&p	s&p	PROPN
cblr-2937	1031	76	and	and	CCONJ
cblr-2937	1031	77	moody	moody	NOUN
cblr-2937	1031	78	's	's	PART
cblr-2937	1031	79	.	.	PUNCT
cblr-2937	1031	80	"	"	PUNCT
cblr-2937	1031	81	)	)	PUNCT
cblr-2937	1031	82	.	.	PUNCT
cblr-2937	1032	1	the	the	DET
cblr-2937	1032	2	frequent	frequent	ADJ
cblr-2937	1032	3	observation	observation	NOUN
cblr-2937	1032	4	that	that	SCONJ
cblr-2937	1032	5	issuers	issuer	NOUN
cblr-2937	1032	6	engage	engage	VERB
cblr-2937	1032	7	in	in	ADP
cblr-2937	1032	8	"	"	PUNCT
cblr-2937	1032	9	rating	rating	NOUN
cblr-2937	1032	10	shopping	shopping	NOUN
cblr-2937	1032	11	-	-	PUNCT
cblr-2937	1032	12	the	the	DET
cblr-2937	1032	13	practice	practice	NOUN
cblr-2937	1032	14	of	of	ADP
cblr-2937	1032	15	speaking	speak	VERB
cblr-2937	1032	16	to	to	ADP
cblr-2937	1032	17	multiple	multiple	ADJ
cblr-2937	1032	18	agencies	agency	NOUN
cblr-2937	1032	19	about	about	ADP
cblr-2937	1032	20	ratings	rating	NOUN
cblr-2937	1032	21	and	and	CCONJ
cblr-2937	1032	22	retaining	retain	VERB
cblr-2937	1032	23	only	only	ADV
cblr-2937	1032	24	the	the	DET
cblr-2937	1032	25	agencies	agency	NOUN
cblr-2937	1032	26	that	that	PRON
cblr-2937	1032	27	are	be	AUX
cblr-2937	1032	28	willing	willing	ADJ
cblr-2937	1032	29	to	to	PART
cblr-2937	1032	30	render	render	VERB
cblr-2937	1032	31	the	the	DET
cblr-2937	1032	32	highest	high	ADJ
cblr-2937	1032	33	ratings	rating	NOUN
cblr-2937	1032	34	,	,	PUNCT
cblr-2937	1032	35	see	see	VERB
cblr-2937	1032	36	,	,	PUNCT
cblr-2937	1032	37	e.g.	e.g.	ADV
cblr-2937	1032	38	,	,	PUNCT
cblr-2937	1032	39	kettering	kettering	PROPN
cblr-2937	1032	40	,	,	PUNCT
cblr-2937	1032	41	supra	supra	PROPN
cblr-2937	1032	42	note	note	PROPN
cblr-2937	1032	43	16	16	NUM
cblr-2937	1032	44	,	,	PUNCT
cblr-2937	1032	45	at	at	ADP
cblr-2937	1032	46	1681	1681	NUM
cblr-2937	1032	47	-	-	PUNCT
cblr-2937	1032	48	does	do	AUX
cblr-2937	1032	49	not	not	PART
cblr-2937	1032	50	undermine	undermine	VERB
cblr-2937	1032	51	this	this	DET
cblr-2937	1032	52	point	point	NOUN
cblr-2937	1032	53	.	.	PUNCT
cblr-2937	1033	1	rating	rating	NOUN
cblr-2937	1033	2	shopping	shopping	NOUN
cblr-2937	1033	3	is	be	AUX
cblr-2937	1033	4	possible	possible	ADJ
cblr-2937	1033	5	only	only	ADV
cblr-2937	1033	6	once	once	ADV
cblr-2937	1033	7	enough	enough	ADJ
cblr-2937	1033	8	competitors	competitor	NOUN
cblr-2937	1033	9	(	(	PUNCT
cblr-2937	1033	10	two	two	NUM
cblr-2937	1033	11	,	,	PUNCT
cblr-2937	1033	12	or	or	CCONJ
cblr-2937	1033	13	given	give	VERB
cblr-2937	1033	14	the	the	DET
cblr-2937	1033	15	two	two	NUM
cblr-2937	1033	16	-	-	PUNCT
cblr-2937	1033	17	rating	rating	NOUN
cblr-2937	1033	18	norm	norm	NOUN
cblr-2937	1033	19	,	,	PUNCT
cblr-2937	1033	20	three	three	NUM
cblr-2937	1033	21	)	)	PUNCT
cblr-2937	1033	22	are	be	AUX
cblr-2937	1033	23	rating	rate	VERB
cblr-2937	1033	24	the	the	DET
cblr-2937	1033	25	relevant	relevant	ADJ
cblr-2937	1033	26	type	type	NOUN
cblr-2937	1033	27	of	of	ADP
cblr-2937	1033	28	instrument	instrument	NOUN
cblr-2937	1033	29	to	to	PART
cblr-2937	1033	30	make	make	VERB
cblr-2937	1033	31	it	it	PRON
cblr-2937	1033	32	possible	possible	ADJ
cblr-2937	1033	33	.	.	PUNCT
cblr-2937	1034	1	223	223	NUM
cblr-2937	1034	2	see	see	VERB
cblr-2937	1034	3	generally	generally	ADV
cblr-2937	1034	4	richard	richard	PROPN
cblr-2937	1034	5	h.k	h.k	PROPN
cblr-2937	1034	6	.	.	PROPN
cblr-2937	1034	7	vietor	vietor	PROPN
cblr-2937	1034	8	,	,	PUNCT
cblr-2937	1034	9	contrived	contrive	VERB
cblr-2937	1034	10	competition	competition	NOUN
cblr-2937	1034	11	(	(	PUNCT
cblr-2937	1034	12	1994	1994	NUM
cblr-2937	1034	13	)	)	PUNCT
cblr-2937	1034	14	(	(	PUNCT
cblr-2937	1034	15	chronicling	chronicle	VERB
cblr-2937	1034	16	managers	manager	NOUN
cblr-2937	1034	17	'	'	PART
cblr-2937	1034	18	responses	response	NOUN
cblr-2937	1034	19	to	to	ADP
cblr-2937	1034	20	government	government	NOUN
cblr-2937	1034	21	efforts	effort	NOUN
cblr-2937	1034	22	to	to	PART
cblr-2937	1034	23	move	move	VERB
cblr-2937	1034	24	from	from	ADP
cblr-2937	1034	25	heavy	heavy	ADJ
cblr-2937	1034	26	regulation	regulation	NOUN
cblr-2937	1034	27	to	to	ADP
cblr-2937	1034	28	competition	competition	NOUN
cblr-2937	1034	29	in	in	ADP
cblr-2937	1034	30	airline	airline	NOUN
cblr-2937	1034	31	,	,	PUNCT
cblr-2937	1034	32	banking	banking	NOUN
cblr-2937	1034	33	,	,	PUNCT
cblr-2937	1034	34	natural	natural	ADJ
cblr-2937	1034	35	gas	gas	NOUN
cblr-2937	1034	36	pipeline	pipeline	NOUN
cblr-2937	1034	37	,	,	PUNCT
cblr-2937	1034	38	and	and	CCONJ
cblr-2937	1034	39	telecommunications	telecommunications	NOUN
cblr-2937	1034	40	industries	industry	NOUN
cblr-2937	1034	41	)	)	PUNCT
cblr-2937	1034	42	.	.	PUNCT
cblr-2937	1035	1	[	[	X
cblr-2937	1035	2	vol	vol	NOUN
cblr-2937	1035	3	.	.	X
cblr-2937	1035	4	2009	2009	NUM
cblr-2937	1035	5	doing	do	VERB
cblr-2937	1035	6	"	"	PUNCT
cblr-2937	1035	7	as	as	ADP
cblr-2937	1035	8	some	some	DET
cblr-2937	1035	9	assert,224	assert,224	NOUN
cblr-2937	1035	10	then	then	ADV
cblr-2937	1035	11	learning	learn	VERB
cblr-2937	1035	12	to	to	PART
cblr-2937	1035	13	rate	rate	VERB
cblr-2937	1035	14	with	with	ADP
cblr-2937	1035	15	high	high	ADJ
cblr-2937	1035	16	quality	quality	NOUN
cblr-2937	1035	17	without	without	ADP
cblr-2937	1035	18	actually	actually	ADV
cblr-2937	1035	19	issuing	issue	VERB
cblr-2937	1035	20	ratings	rating	NOUN
cblr-2937	1035	21	seems	seem	VERB
cblr-2937	1035	22	difficult	difficult	ADJ
cblr-2937	1035	23	,	,	PUNCT
cblr-2937	1035	24	especially	especially	ADV
cblr-2937	1035	25	given	give	VERB
cblr-2937	1035	26	that	that	SCONJ
cblr-2937	1035	27	underlying	underlie	VERB
cblr-2937	1035	28	data	datum	NOUN
cblr-2937	1035	29	for	for	ADP
cblr-2937	1035	30	structured	structured	ADJ
cblr-2937	1035	31	products	product	NOUN
cblr-2937	1035	32	typically	typically	ADV
cblr-2937	1035	33	is	be	AUX
cblr-2937	1035	34	not	not	PART
cblr-2937	1035	35	public	public	ADJ
cblr-2937	1035	36	.	.	PUNCT
cblr-2937	1036	1	on	on	ADP
cblr-2937	1036	2	the	the	DET
cblr-2937	1036	3	other	other	ADJ
cblr-2937	1036	4	hand	hand	NOUN
cblr-2937	1036	5	,	,	PUNCT
cblr-2937	1036	6	the	the	DET
cblr-2937	1036	7	existing	exist	VERB
cblr-2937	1036	8	practice	practice	NOUN
cblr-2937	1036	9	of	of	ADP
cblr-2937	1036	10	disclosing	disclose	VERB
cblr-2937	1036	11	rating	rating	NOUN
cblr-2937	1036	12	methodologies	methodology	NOUN
cblr-2937	1036	13	,	,	PUNCT
cblr-2937	1036	14	possibly	possibly	ADV
cblr-2937	1036	15	soon	soon	ADV
cblr-2937	1036	16	to	to	PART
cblr-2937	1036	17	be	be	AUX
cblr-2937	1036	18	buttressed	buttress	VERB
cblr-2937	1036	19	with	with	ADP
cblr-2937	1036	20	an	an	DET
cblr-2937	1036	21	additional	additional	ADJ
cblr-2937	1036	22	disclosure	disclosure	NOUN
cblr-2937	1036	23	requirement	requirement	NOUN
cblr-2937	1036	24	designed	design	VERB
cblr-2937	1036	25	to	to	PART
cblr-2937	1036	26	permit	permit	VERB
cblr-2937	1036	27	all	all	DET
cblr-2937	1036	28	agencies	agency	NOUN
cblr-2937	1036	29	to	to	PART
cblr-2937	1036	30	rate	rate	VERB
cblr-2937	1036	31	a	a	DET
cblr-2937	1036	32	given	give	VERB
cblr-2937	1036	33	structured	structured	ADJ
cblr-2937	1036	34	transaction	transaction	NOUN
cblr-2937	1036	35	,	,	PUNCT
cblr-2937	1036	36	"	"	PUNCT
cblr-2937	1036	37	'	'	PUNCT
cblr-2937	1036	38	may	may	AUX
cblr-2937	1036	39	enable	enable	VERB
cblr-2937	1036	40	agencies	agency	NOUN
cblr-2937	1036	41	to	to	PART
cblr-2937	1036	42	learn	learn	VERB
cblr-2937	1036	43	how	how	SCONJ
cblr-2937	1036	44	to	to	PART
cblr-2937	1036	45	rate	rate	VERB
cblr-2937	1036	46	even	even	ADV
cblr-2937	1036	47	if	if	SCONJ
cblr-2937	1036	48	they	they	PRON
cblr-2937	1036	49	do	do	AUX
cblr-2937	1036	50	not	not	PART
cblr-2937	1036	51	enter	enter	VERB
cblr-2937	1036	52	the	the	DET
cblr-2937	1036	53	market	market	NOUN
cblr-2937	1036	54	.	.	PUNCT
cblr-2937	1037	1	but	but	CCONJ
cblr-2937	1037	2	the	the	DET
cblr-2937	1037	3	better	well	ADJ
cblr-2937	1037	4	agencies	agency	NOUN
cblr-2937	1037	5	are	be	AUX
cblr-2937	1037	6	at	at	ADP
cblr-2937	1037	7	learning	learn	VERB
cblr-2937	1037	8	over	over	ADP
cblr-2937	1037	9	time	time	NOUN
cblr-2937	1037	10	,	,	PUNCT
cblr-2937	1037	11	the	the	DET
cblr-2937	1037	12	less	less	ADV
cblr-2937	1037	13	likely	likely	ADJ
cblr-2937	1037	14	rational	rational	ADJ
cblr-2937	1037	15	investors	investor	NOUN
cblr-2937	1037	16	are	be	AUX
cblr-2937	1037	17	to	to	PART
cblr-2937	1037	18	penalize	penalize	VERB
cblr-2937	1037	19	them	they	PRON
cblr-2937	1037	20	for	for	ADP
cblr-2937	1037	21	past	past	ADJ
cblr-2937	1037	22	low	low	ADJ
cblr-2937	1037	23	-	-	PUNCT
cblr-2937	1037	24	quality	quality	NOUN
cblr-2937	1037	25	ratings	rating	NOUN
cblr-2937	1037	26	,	,	PUNCT
cblr-2937	1037	27	because	because	SCONJ
cblr-2937	1037	28	rating	rating	NOUN
cblr-2937	1037	29	quality	quality	NOUN
cblr-2937	1037	30	is	be	AUX
cblr-2937	1037	31	more	more	ADV
cblr-2937	1037	32	likely	likely	ADJ
cblr-2937	1037	33	to	to	PART
cblr-2937	1037	34	improve	improve	VERB
cblr-2937	1037	35	over	over	ADP
cblr-2937	1037	36	time	time	NOUN
cblr-2937	1037	37	.	.	PUNCT
cblr-2937	1038	1	even	even	ADV
cblr-2937	1038	2	as	as	SCONJ
cblr-2937	1038	3	the	the	DET
cblr-2937	1038	4	ability	ability	NOUN
cblr-2937	1038	5	to	to	PART
cblr-2937	1038	6	learn	learn	VERB
cblr-2937	1038	7	increases	increase	NOUN
cblr-2937	1038	8	the	the	DET
cblr-2937	1038	9	benefits	benefit	NOUN
cblr-2937	1038	10	of	of	ADP
cblr-2937	1038	11	the	the	DET
cblr-2937	1038	12	wait	wait	VERB
cblr-2937	1038	13	-	-	PUNCT
cblr-2937	1038	14	learn	learn	VERB
cblr-2937	1038	15	-	-	PUNCT
cblr-2937	1038	16	andenter	andenter	NOUN
cblr-2937	1038	17	strategy	strategy	NOUN
cblr-2937	1038	18	,	,	PUNCT
cblr-2937	1038	19	it	it	PRON
cblr-2937	1038	20	decreases	decrease	VERB
cblr-2937	1038	21	the	the	DET
cblr-2937	1038	22	costs	cost	NOUN
cblr-2937	1038	23	of	of	ADP
cblr-2937	1038	24	immediate	immediate	ADJ
cblr-2937	1038	25	lowquality	lowquality	NOUN
cblr-2937	1038	26	entry	entry	NOUN
cblr-2937	1038	27	.	.	PUNCT
cblr-2937	1039	1	although	although	SCONJ
cblr-2937	1039	2	an	an	DET
cblr-2937	1039	3	agency	agency	NOUN
cblr-2937	1039	4	that	that	PRON
cblr-2937	1039	5	can	can	AUX
cblr-2937	1039	6	not	not	PART
cblr-2937	1039	7	rate	rate	VERB
cblr-2937	1039	8	at	at	ADP
cblr-2937	1039	9	present	present	NOUN
cblr-2937	1039	10	with	with	ADP
cblr-2937	1039	11	high	high	ADJ
cblr-2937	1039	12	quality	quality	NOUN
cblr-2937	1039	13	will	will	AUX
cblr-2937	1039	14	enter	enter	VERB
cblr-2937	1039	15	immediately	immediately	ADV
cblr-2937	1039	16	if	if	SCONJ
cblr-2937	1039	17	it	it	PRON
cblr-2937	1039	18	can	can	AUX
cblr-2937	1039	19	not	not	PART
cblr-2937	1039	20	learn	learn	VERB
cblr-2937	1039	21	(	(	PUNCT
cblr-2937	1039	22	and	and	CCONJ
cblr-2937	1039	23	other	other	ADJ
cblr-2937	1039	24	conditions	condition	NOUN
cblr-2937	1039	25	are	be	AUX
cblr-2937	1039	26	met	meet	VERB
cblr-2937	1039	27	)	)	PUNCT
cblr-2937	1039	28	,	,	PUNCT
cblr-2937	1039	29	it	it	PRON
cblr-2937	1039	30	will	will	AUX
cblr-2937	1039	31	not	not	PART
cblr-2937	1039	32	necessarily	necessarily	ADV
cblr-2937	1039	33	be	be	AUX
cblr-2937	1039	34	deterred	deter	VERB
cblr-2937	1039	35	from	from	ADP
cblr-2937	1039	36	entering	enter	VERB
cblr-2937	1039	37	just	just	ADV
cblr-2937	1039	38	because	because	SCONJ
cblr-2937	1039	39	it	it	PRON
cblr-2937	1039	40	can	can	AUX
cblr-2937	1039	41	learn	learn	VERB
cblr-2937	1039	42	.	.	PUNCT
cblr-2937	1040	1	c.	c.	PROPN
cblr-2937	1040	2	reputational	reputational	ADJ
cblr-2937	1040	3	barriers	barrier	NOUN
cblr-2937	1040	4	to	to	ADP
cblr-2937	1040	5	entry	entry	NOUN
cblr-2937	1040	6	it	it	PRON
cblr-2937	1040	7	is	be	AUX
cblr-2937	1040	8	often	often	ADV
cblr-2937	1040	9	argued	argue	VERB
cblr-2937	1040	10	that	that	SCONJ
cblr-2937	1040	11	the	the	DET
cblr-2937	1040	12	fact	fact	NOUN
cblr-2937	1040	13	that	that	SCONJ
cblr-2937	1040	14	some	some	DET
cblr-2937	1040	15	agencies	agency	NOUN
cblr-2937	1040	16	enjoy	enjoy	VERB
cblr-2937	1040	17	a	a	DET
cblr-2937	1040	18	reputation	reputation	NOUN
cblr-2937	1040	19	for	for	ADP
cblr-2937	1040	20	high	high	ADJ
cblr-2937	1040	21	quality	quality	NOUN
cblr-2937	1040	22	in	in	ADP
cblr-2937	1040	23	itself	itself	PRON
cblr-2937	1040	24	creates	create	VERB
cblr-2937	1040	25	a	a	DET
cblr-2937	1040	26	barrier	barrier	NOUN
cblr-2937	1040	27	to	to	ADP
cblr-2937	1040	28	entry.226	entry.226	NOUN
cblr-2937	1040	29	if	if	SCONJ
cblr-2937	1040	30	so	so	ADV
cblr-2937	1040	31	,	,	PUNCT
cblr-2937	1040	32	the	the	DET
cblr-2937	1040	33	wait	wait	NOUN
cblr-2937	1040	34	-	-	PUNCT
cblr-2937	1040	35	learn	learn	VERB
cblr-2937	1040	36	-	-	PUNCT
cblr-2937	1040	37	and	and	CCONJ
cblr-2937	1040	38	-	-	PUNCT
cblr-2937	1040	39	enter	enter	VERB
cblr-2937	1040	40	strategy	strategy	NOUN
cblr-2937	1040	41	is	be	AUX
cblr-2937	1040	42	less	less	ADV
cblr-2937	1040	43	224	224	NUM
cblr-2937	1040	44	see	see	NOUN
cblr-2937	1040	45	mason	mason	PROPN
cblr-2937	1040	46	&	&	CCONJ
cblr-2937	1040	47	rosner	rosner	PROPN
cblr-2937	1040	48	,	,	PUNCT
cblr-2937	1040	49	supra	supra	PROPN
cblr-2937	1040	50	note	note	PROPN
cblr-2937	1040	51	25	25	NUM
cblr-2937	1040	52	,	,	PUNCT
cblr-2937	1040	53	at	at	ADP
cblr-2937	1040	54	21	21	NUM
cblr-2937	1040	55	.	.	PUNCT
cblr-2937	1040	56	225	225	NUM
cblr-2937	1040	57	see	see	VERB
cblr-2937	1040	58	supra	supra	PROPN
cblr-2937	1040	59	part	part	NOUN
cblr-2937	1040	60	iii.b.2.a	iii.b.2.a	PROPN
cblr-2937	1040	61	.	.	PUNCT
cblr-2937	1041	1	226	226	NUM
cblr-2937	1041	2	see	see	VERB
cblr-2937	1041	3	,	,	PUNCT
cblr-2937	1041	4	e.g.	e.g.	ADV
cblr-2937	1041	5	,	,	PUNCT
cblr-2937	1041	6	the	the	DET
cblr-2937	1041	7	ratings	rating	NOUN
cblr-2937	1041	8	game	game	NOUN
cblr-2937	1041	9	:	:	PUNCT
cblr-2937	1041	10	improving	improve	VERB
cblr-2937	1041	11	transparency	transparency	NOUN
cblr-2937	1041	12	and	and	CCONJ
cblr-2937	1041	13	competition	competition	NOUN
cblr-2937	1041	14	among	among	ADP
cblr-2937	1041	15	the	the	DET
cblr-2937	1041	16	credit	credit	NOUN
cblr-2937	1041	17	rating	rating	NOUN
cblr-2937	1041	18	agencies	agency	NOUN
cblr-2937	1041	19	:	:	PUNCT
cblr-2937	1041	20	hearing	hear	VERB
cblr-2937	1041	21	before	before	ADP
cblr-2937	1041	22	the	the	DET
cblr-2937	1041	23	h.	h.	PROPN
cblr-2937	1041	24	subcomm	subcomm	PROPN
cblr-2937	1041	25	.	.	PUNCT
cblr-2937	1042	1	on	on	ADP
cblr-2937	1042	2	capital	capital	NOUN
cblr-2937	1042	3	mkts	mkts	NOUN
cblr-2937	1042	4	.	.	PUNCT
cblr-2937	1042	5	,	,	PUNCT
cblr-2937	1042	6	ins	ins	PROPN
cblr-2937	1042	7	.	.	PROPN
cblr-2937	1042	8	,	,	PUNCT
cblr-2937	1042	9	and	and	CCONJ
cblr-2937	1042	10	government	government	NOUN
cblr-2937	1042	11	sponsored	sponsor	VERB
cblr-2937	1042	12	enterprises	enterprise	NOUN
cblr-2937	1042	13	of	of	ADP
cblr-2937	1042	14	the	the	DET
cblr-2937	1042	15	comm	comm	NOUN
cblr-2937	1042	16	.	.	PUNCT
cblr-2937	1043	1	on	on	ADP
cblr-2937	1043	2	financial	financial	ADJ
cblr-2937	1043	3	servs	servs	NOUN
cblr-2937	1043	4	.	.	PUNCT
cblr-2937	1043	5	,	,	PUNCT
cblr-2937	1043	6	109th	109th	ADJ
cblr-2937	1043	7	cong	cong	NOUN
cblr-2937	1043	8	.	.	PROPN
cblr-2937	1043	9	8	8	NUM
cblr-2937	1043	10	(	(	PUNCT
cblr-2937	1043	11	2004	2004	NUM
cblr-2937	1043	12	)	)	PUNCT
cblr-2937	1043	13	(	(	PUNCT
cblr-2937	1043	14	statement	statement	NOUN
cblr-2937	1043	15	of	of	ADP
cblr-2937	1043	16	barron	barron	PROPN
cblr-2937	1043	17	h.	h.	PROPN
cblr-2937	1043	18	putnam	putnam	PROPN
cblr-2937	1043	19	,	,	PUNCT
cblr-2937	1043	20	president	president	NOUN
cblr-2937	1043	21	&	&	CCONJ
cblr-2937	1043	22	chief	chief	ADJ
cblr-2937	1043	23	economist	economist	NOUN
cblr-2937	1043	24	,	,	PUNCT
cblr-2937	1043	25	lace	lace	NOUN
cblr-2937	1043	26	fin	fin	PROPN
cblr-2937	1043	27	.	.	PUNCT
cblr-2937	1043	28	corp	corp	PROPN
cblr-2937	1043	29	.	.	PROPN
cblr-2937	1043	30	)	)	PUNCT
cblr-2937	1043	31	(	(	PUNCT
cblr-2937	1043	32	"	"	PUNCT
cblr-2937	1043	33	moody	moody	PROPN
cblr-2937	1043	34	's	's	PART
cblr-2937	1043	35	,	,	PUNCT
cblr-2937	1043	36	standard	standard	PROPN
cblr-2937	1043	37	&	&	CCONJ
cblr-2937	1043	38	poor	poor	PROPN
cblr-2937	1043	39	's	's	PART
cblr-2937	1043	40	,	,	PUNCT
cblr-2937	1043	41	and	and	CCONJ
cblr-2937	1043	42	fitch	fitch	NOUN
cblr-2937	1043	43	have	have	VERB
cblr-2937	1043	44	tremendous	tremendous	ADJ
cblr-2937	1043	45	name	name	NOUN
cblr-2937	1043	46	recognition	recognition	NOUN
cblr-2937	1043	47	and	and	CCONJ
cblr-2937	1043	48	market	market	NOUN
cblr-2937	1043	49	share	share	NOUN
cblr-2937	1043	50	.	.	PUNCT
cblr-2937	1044	1	that	that	PRON
cblr-2937	1044	2	is	be	AUX
cblr-2937	1044	3	a	a	DET
cblr-2937	1044	4	tough	tough	ADJ
cblr-2937	1044	5	act	act	NOUN
cblr-2937	1044	6	to	to	PART
cblr-2937	1044	7	compete	compete	VERB
cblr-2937	1044	8	against	against	ADP
cblr-2937	1044	9	.	.	PUNCT
cblr-2937	1044	10	"	"	PUNCT
cblr-2937	1044	11	)	)	PUNCT
cblr-2937	1044	12	;	;	PUNCT
cblr-2937	1044	13	i	i	PRON
cblr-2937	1044	14	d.	d.	PROPN
cblr-2937	1044	15	at	at	ADP
cblr-2937	1044	16	9	9	NUM
cblr-2937	1044	17	(	(	PUNCT
cblr-2937	1044	18	statement	statement	NOUN
cblr-2937	1044	19	of	of	ADP
cblr-2937	1044	20	alex	alex	PROPN
cblr-2937	1044	21	j.	j.	PROPN
cblr-2937	1044	22	pollock	pollock	PROPN
cblr-2937	1044	23	,	,	PUNCT
cblr-2937	1044	24	resident	resident	ADJ
cblr-2937	1044	25	fellow	fellow	NOUN
cblr-2937	1044	26	,	,	PUNCT
cblr-2937	1044	27	aei	aei	PROPN
cblr-2937	1044	28	)	)	PUNCT
cblr-2937	1044	29	(	(	PUNCT
cblr-2937	1044	30	"	"	PUNCT
cblr-2937	1044	31	[	[	X
cblr-2937	1044	32	t]he	t]he	ADV
cblr-2937	1044	33	need	need	VERB
cblr-2937	1044	34	to	to	PART
cblr-2937	1044	35	establish	establish	VERB
cblr-2937	1044	36	reputation	reputation	NOUN
cblr-2937	1044	37	"	"	PUNCT
cblr-2937	1044	38	is	be	AUX
cblr-2937	1044	39	a	a	DET
cblr-2937	1044	40	"	"	PUNCT
cblr-2937	1044	41	natural	natural	ADJ
cblr-2937	1044	42	barrier	barrier	NOUN
cblr-2937	1044	43	[	[	PUNCT
cblr-2937	1044	44	to	to	ADP
cblr-2937	1044	45	entry	entry	NOUN
cblr-2937	1044	46	in	in	ADP
cblr-2937	1044	47	the	the	DET
cblr-2937	1044	48	credit	credit	NOUN
cblr-2937	1044	49	rating	rating	NOUN
cblr-2937	1044	50	business	business	NOUN
cblr-2937	1044	51	.	.	PUNCT
cblr-2937	1045	1	"	"	PUNCT
cblr-2937	1045	2	)	)	PUNCT
cblr-2937	1045	3	;	;	PUNCT
cblr-2937	1045	4	senate	senate	PROPN
cblr-2937	1045	5	turmoil	turmoil	NOUN
cblr-2937	1045	6	hearings	hearing	NOUN
cblr-2937	1045	7	,	,	PUNCT
cblr-2937	1045	8	supra	supra	PROPN
cblr-2937	1045	9	note	note	PROPN
cblr-2937	1045	10	16	16	NUM
cblr-2937	1045	11	,	,	PUNCT
cblr-2937	1045	12	at	at	ADP
cblr-2937	1045	13	18	18	NUM
cblr-2937	1045	14	(	(	PUNCT
cblr-2937	1045	15	testimony	testimony	NOUN
cblr-2937	1045	16	of	of	ADP
cblr-2937	1045	17	john	john	PROPN
cblr-2937	1045	18	c.	c.	PROPN
cblr-2937	1045	19	coffee	coffee	PROPN
cblr-2937	1045	20	,	,	PUNCT
cblr-2937	1045	21	jr	jr	PROPN
cblr-2937	1045	22	.	.	PROPN
cblr-2937	1045	23	,	,	PUNCT
cblr-2937	1045	24	adolf	adolf	PROPN
cblr-2937	1045	25	a.	a.	PROPN
cblr-2937	1045	26	berle	berle	PROPN
cblr-2937	1045	27	professor	professor	PROPN
cblr-2937	1045	28	of	of	ADP
cblr-2937	1045	29	law	law	PROPN
cblr-2937	1045	30	,	,	PUNCT
cblr-2937	1045	31	columbia	columbia	PROPN
cblr-2937	1045	32	university	university	PROPN
cblr-2937	1045	33	law	law	NOUN
cblr-2937	1045	34	school	school	NOUN
cblr-2937	1045	35	)	)	PUNCT
cblr-2937	1045	36	(	(	PUNCT
cblr-2937	1045	37	"	"	PUNCT
cblr-2937	1045	38	[	[	X
cblr-2937	1045	39	t]here	t]here	NOUN
cblr-2937	1045	40	are	be	AUX
cblr-2937	1045	41	still	still	ADV
cblr-2937	1045	42	significant	significant	ADJ
cblr-2937	1045	43	barriers	barrier	NOUN
cblr-2937	1045	44	to	to	ADP
cblr-2937	1045	45	entry	entry	NOUN
cblr-2937	1045	46	,	,	PUNCT
cblr-2937	1045	47	as	as	SCONJ
cblr-2937	1045	48	'	'	PUNCT
cblr-2937	1045	49	reputational	reputational	ADJ
cblr-2937	1045	50	capital	capital	NOUN
cblr-2937	1045	51	'	'	PUNCT
cblr-2937	1045	52	is	be	AUX
cblr-2937	1045	53	not	not	PART
cblr-2937	1045	54	easily	easily	ADV
cblr-2937	1045	55	acquired	acquire	VERB
cblr-2937	1045	56	.	.	PUNCT
cblr-2937	1046	1	"	"	PUNCT
cblr-2937	1046	2	)	)	PUNCT
cblr-2937	1046	3	;	;	PUNCT
cblr-2937	1046	4	senate	senate	PROPN
cblr-2937	1046	5	cra	cra	PROPN
cblr-2937	1046	6	oversight	oversight	NOUN
cblr-2937	1046	7	hearings	hearing	NOUN
cblr-2937	1046	8	,	,	PUNCT
cblr-2937	1046	9	supra	supra	PROPN
cblr-2937	1046	10	note	note	PROPN
cblr-2937	1046	11	62	62	NUM
cblr-2937	1046	12	,	,	PUNCT
cblr-2937	1046	13	at	at	ADP
cblr-2937	1046	14	3	3	NUM
cblr-2937	1046	15	(	(	PUNCT
cblr-2937	1046	16	testimony	testimony	NOUN
cblr-2937	1046	17	of	of	ADP
cblr-2937	1046	18	damon	damon	PROPN
cblr-2937	1046	19	a.	a.	NOUN
cblr-2937	1046	20	silvers	silvers	PROPN
cblr-2937	1046	21	,	,	PUNCT
cblr-2937	1046	22	assoc	assoc	PROPN
cblr-2937	1046	23	.	.	PUNCT
cblr-2937	1047	1	gen	gen	PROPN
cblr-2937	1047	2	.	.	PROPN
cblr-2937	1047	3	counsel	counsel	PROPN
cblr-2937	1047	4	,	,	PUNCT
cblr-2937	1047	5	afl	afl	PROPN
cblr-2937	1047	6	-	-	PUNCT
cblr-2937	1047	7	cio	cio	PROPN
cblr-2937	1047	8	)	)	PUNCT
cblr-2937	1047	9	(	(	PUNCT
cblr-2937	1047	10	"	"	PUNCT
cblr-2937	1047	11	[	[	X
cblr-2937	1047	12	tihe	tihe	ADJ
cblr-2937	1047	13	scale	scale	NOUN
cblr-2937	1047	14	and	and	CCONJ
cblr-2937	1047	15	prominence	prominence	NOUN
cblr-2937	1047	16	of	of	ADP
cblr-2937	1047	17	the	the	DET
cblr-2937	1047	18	existing	exist	VERB
cblr-2937	1047	19	firms	firm	NOUN
cblr-2937	1047	20	are	be	AUX
cblr-2937	1047	21	no	no	PRON
cblr-2937	1047	22	.	.	NOUN
cblr-2937	1047	23	1	1	NUM
cblr-2937	1047	24	:	:	SYM
cblr-2937	1047	25	109	109	NUM
cblr-2937	1047	26	]	]	PUNCT
cblr-2937	1047	27	credit	credit	NOUN
cblr-2937	1047	28	ra	ra	PROPN
cblr-2937	1047	29	ting	ting	PROPN
cblr-2937	1047	30	agencies	agencies	PROPN
cblr-2937	1047	31	columbia	columbia	PROPN
cblr-2937	1047	32	business	business	PROPN
cblr-2937	1047	33	law	law	PROPN
cblr-2937	1047	34	review	review	VERB
cblr-2937	1047	35	effective	effective	ADJ
cblr-2937	1047	36	because	because	SCONJ
cblr-2937	1047	37	an	an	DET
cblr-2937	1047	38	agency	agency	NOUN
cblr-2937	1047	39	that	that	PRON
cblr-2937	1047	40	follows	follow	VERB
cblr-2937	1047	41	it	it	PRON
cblr-2937	1047	42	may	may	AUX
cblr-2937	1047	43	face	face	VERB
cblr-2937	1047	44	barriers	barrier	NOUN
cblr-2937	1047	45	from	from	ADP
cblr-2937	1047	46	high	high	ADJ
cblr-2937	1047	47	-	-	PUNCT
cblr-2937	1047	48	quality	quality	NOUN
cblr-2937	1047	49	incumbents	incumbent	NOUN
cblr-2937	1047	50	when	when	SCONJ
cblr-2937	1047	51	it	it	PRON
cblr-2937	1047	52	does	do	AUX
cblr-2937	1047	53	decide	decide	VERB
cblr-2937	1047	54	to	to	ADP
cblr-2937	1047	55	enter.227	enter.227	PROPN
cblr-2937	1047	56	there	there	PRON
cblr-2937	1047	57	is	be	VERB
cblr-2937	1047	58	some	some	DET
cblr-2937	1047	59	evidence	evidence	NOUN
cblr-2937	1047	60	that	that	SCONJ
cblr-2937	1047	61	agencies	agency	NOUN
cblr-2937	1047	62	issued	issue	VERB
cblr-2937	1047	63	ratings	rating	NOUN
cblr-2937	1047	64	out	out	ADP
cblr-2937	1047	65	of	of	ADP
cblr-2937	1047	66	fear	fear	NOUN
cblr-2937	1047	67	that	that	SCONJ
cblr-2937	1047	68	other	other	ADJ
cblr-2937	1047	69	agencies	agency	NOUN
cblr-2937	1047	70	would	would	AUX
cblr-2937	1047	71	garner	garner	VERB
cblr-2937	1047	72	a	a	DET
cblr-2937	1047	73	lead	lead	NOUN
cblr-2937	1047	74	in	in	ADP
cblr-2937	1047	75	novel	novel	ADJ
cblr-2937	1047	76	product	product	NOUN
cblr-2937	1047	77	markets	market	NOUN
cblr-2937	1047	78	,	,	PUNCT
cblr-2937	1047	79	supporting	support	VERB
cblr-2937	1047	80	the	the	DET
cblr-2937	1047	81	view	view	NOUN
cblr-2937	1047	82	that	that	SCONJ
cblr-2937	1047	83	reputational	reputational	ADJ
cblr-2937	1047	84	barriers	barrier	NOUN
cblr-2937	1047	85	would	would	AUX
cblr-2937	1047	86	deter	deter	VERB
cblr-2937	1047	87	a	a	DET
cblr-2937	1047	88	wait	wait	NOUN
cblr-2937	1047	89	-	-	PUNCT
cblr-2937	1047	90	learn	learn	VERB
cblr-2937	1047	91	-	-	PUNCT
cblr-2937	1047	92	and	and	CCONJ
cblr-2937	1047	93	-	-	PUNCT
cblr-2937	1047	94	enter	enter	VERB
cblr-2937	1047	95	strategy.228	strategy.228	NOUN
cblr-2937	1047	96	the	the	DET
cblr-2937	1047	97	effort	effort	NOUN
cblr-2937	1047	98	to	to	PART
cblr-2937	1047	99	promote	promote	VERB
cblr-2937	1047	100	competition	competition	NOUN
cblr-2937	1047	101	makes	make	VERB
cblr-2937	1047	102	the	the	DET
cblr-2937	1047	103	reputational	reputational	ADJ
cblr-2937	1047	104	-	-	PUNCT
cblr-2937	1047	105	barrier	barrier	NOUN
cblr-2937	1047	106	scenario	scenario	NOUN
cblr-2937	1047	107	more	more	ADV
cblr-2937	1047	108	likely	likely	ADJ
cblr-2937	1047	109	to	to	PART
cblr-2937	1047	110	be	be	AUX
cblr-2937	1047	111	realized	realize	VERB
cblr-2937	1047	112	.	.	PUNCT
cblr-2937	1048	1	if	if	SCONJ
cblr-2937	1048	2	the	the	DET
cblr-2937	1048	3	number	number	NOUN
cblr-2937	1048	4	of	of	ADP
cblr-2937	1048	5	competent	competent	ADJ
cblr-2937	1048	6	competitors	competitor	NOUN
cblr-2937	1048	7	in	in	ADP
cblr-2937	1048	8	the	the	DET
cblr-2937	1048	9	market	market	NOUN
cblr-2937	1048	10	increases	increase	NOUN
cblr-2937	1048	11	,	,	PUNCT
cblr-2937	1048	12	then	then	ADV
cblr-2937	1048	13	the	the	DET
cblr-2937	1048	14	probability	probability	NOUN
cblr-2937	1048	15	that	that	SCONJ
cblr-2937	1048	16	at	at	ADV
cblr-2937	1048	17	least	least	ADJ
cblr-2937	1048	18	one	one	NUM
cblr-2937	1048	19	of	of	ADP
cblr-2937	1048	20	them	they	PRON
cblr-2937	1048	21	will	will	AUX
cblr-2937	1048	22	know	know	VERB
cblr-2937	1048	23	how	how	SCONJ
cblr-2937	1048	24	to	to	PART
cblr-2937	1048	25	rate	rate	VERB
cblr-2937	1048	26	a	a	DET
cblr-2937	1048	27	novel	novel	ADJ
cblr-2937	1048	28	product	product	NOUN
cblr-2937	1048	29	with	with	ADP
cblr-2937	1048	30	high	high	ADJ
cblr-2937	1048	31	quality	quality	NOUN
cblr-2937	1048	32	increases	increase	NOUN
cblr-2937	1048	33	.	.	PUNCT
cblr-2937	1049	1	this	this	PRON
cblr-2937	1049	2	decreases	decrease	VERB
cblr-2937	1049	3	the	the	DET
cblr-2937	1049	4	attractiveness	attractiveness	NOUN
cblr-2937	1049	5	of	of	ADP
cblr-2937	1049	6	the	the	DET
cblr-2937	1049	7	waitlearn	waitlearn	NOUN
cblr-2937	1049	8	-	-	PUNCT
cblr-2937	1049	9	and	and	CCONJ
cblr-2937	1049	10	-	-	PUNCT
cblr-2937	1049	11	enter	enter	VERB
cblr-2937	1049	12	strategy	strategy	NOUN
cblr-2937	1049	13	because	because	SCONJ
cblr-2937	1049	14	it	it	PRON
cblr-2937	1049	15	makes	make	VERB
cblr-2937	1049	16	it	it	PRON
cblr-2937	1049	17	more	more	ADV
cblr-2937	1049	18	likely	likely	ADJ
cblr-2937	1049	19	that	that	SCONJ
cblr-2937	1049	20	the	the	DET
cblr-2937	1049	21	"	"	PUNCT
cblr-2937	1049	22	waiting	wait	VERB
cblr-2937	1049	23	"	"	PUNCT
cblr-2937	1049	24	firm	firm	NOUN
cblr-2937	1049	25	will	will	AUX
cblr-2937	1049	26	be	be	AUX
cblr-2937	1049	27	frozen	freeze	VERB
cblr-2937	1049	28	out	out	ADP
cblr-2937	1049	29	of	of	ADP
cblr-2937	1049	30	the	the	DET
cblr-2937	1049	31	market	market	NOUN
cblr-2937	1049	32	by	by	ADP
cblr-2937	1049	33	reputational	reputational	ADJ
cblr-2937	1049	34	barriers	barrier	NOUN
cblr-2937	1049	35	to	to	ADP
cblr-2937	1049	36	entry	entry	NOUN
cblr-2937	1049	37	.	.	PUNCT
cblr-2937	1050	1	in	in	ADP
cblr-2937	1050	2	this	this	DET
cblr-2937	1050	3	respect	respect	NOUN
cblr-2937	1050	4	,	,	PUNCT
cblr-2937	1050	5	increasing	increase	VERB
cblr-2937	1050	6	the	the	DET
cblr-2937	1050	7	number	number	NOUN
cblr-2937	1050	8	of	of	ADP
cblr-2937	1050	9	firms	firm	NOUN
cblr-2937	1050	10	makes	make	VERB
cblr-2937	1050	11	it	it	PRON
cblr-2937	1050	12	more	more	ADV
cblr-2937	1050	13	likely	likely	ADJ
cblr-2937	1050	14	that	that	SCONJ
cblr-2937	1050	15	low	low	ADJ
cblr-2937	1050	16	-	-	PUNCT
cblr-2937	1050	17	quality	quality	NOUN
cblr-2937	1050	18	ratings	rating	NOUN
cblr-2937	1050	19	on	on	ADP
cblr-2937	1050	20	novel	novel	ADJ
cblr-2937	1050	21	products	product	NOUN
cblr-2937	1050	22	will	will	AUX
cblr-2937	1050	23	be	be	AUX
cblr-2937	1050	24	issued	issue	VERB
cblr-2937	1050	25	.	.	PUNCT
cblr-2937	1051	1	d.	d.	PROPN
cblr-2937	1051	2	delay	delay	PROPN
cblr-2937	1051	3	cost	cost	PROPN
cblr-2937	1051	4	:	:	PUNCT
cblr-2937	1051	5	time	time	NOUN
cblr-2937	1051	6	value	value	NOUN
cblr-2937	1051	7	of	of	ADP
cblr-2937	1051	8	money	money	NOUN
cblr-2937	1051	9	even	even	ADV
cblr-2937	1051	10	if	if	SCONJ
cblr-2937	1051	11	one	one	NUM
cblr-2937	1051	12	assumes	assume	VERB
cblr-2937	1051	13	that	that	SCONJ
cblr-2937	1051	14	low	low	ADJ
cblr-2937	1051	15	-	-	PUNCT
cblr-2937	1051	16	quality	quality	NOUN
cblr-2937	1051	17	agencies	agency	NOUN
cblr-2937	1051	18	lose	lose	VERB
cblr-2937	1051	19	all	all	DET
cblr-2937	1051	20	demand	demand	NOUN
cblr-2937	1051	21	for	for	ADP
cblr-2937	1051	22	their	their	PRON
cblr-2937	1051	23	ratings	rating	NOUN
cblr-2937	1051	24	upon	upon	SCONJ
cblr-2937	1051	25	revelation	revelation	NOUN
cblr-2937	1051	26	of	of	ADP
cblr-2937	1051	27	the	the	DET
cblr-2937	1051	28	low	low	ADJ
cblr-2937	1051	29	quality	quality	NOUN
cblr-2937	1051	30	of	of	ADP
cblr-2937	1051	31	their	their	PRON
cblr-2937	1051	32	product	product	NOUN
cblr-2937	1051	33	,	,	PUNCT
cblr-2937	1051	34	for	for	ADP
cblr-2937	1051	35	example	example	NOUN
cblr-2937	1051	36	,	,	PUNCT
cblr-2937	1051	37	if	if	SCONJ
cblr-2937	1051	38	investors	investor	NOUN
cblr-2937	1051	39	assign	assign	VERB
cblr-2937	1051	40	a	a	DET
cblr-2937	1051	41	value	value	NOUN
cblr-2937	1051	42	of	of	ADP
cblr-2937	1051	43	zero	zero	NUM
cblr-2937	1051	44	to	to	ADP
cblr-2937	1051	45	low	low	ADJ
cblr-2937	1051	46	-	-	PUNCT
cblr-2937	1051	47	quality	quality	NOUN
cblr-2937	1051	48	ratings	rating	NOUN
cblr-2937	1051	49	and	and	CCONJ
cblr-2937	1051	50	a	a	DET
cblr-2937	1051	51	low	low	ADJ
cblr-2937	1051	52	-	-	PUNCT
cblr-2937	1051	53	quality	quality	NOUN
cblr-2937	1051	54	agency	agency	NOUN
cblr-2937	1051	55	can	can	AUX
cblr-2937	1051	56	not	not	PART
cblr-2937	1051	57	learn	learn	VERB
cblr-2937	1051	58	,	,	PUNCT
cblr-2937	1051	59	a	a	DET
cblr-2937	1051	60	wait	wait	VERB
cblr-2937	1051	61	-	-	PUNCT
cblr-2937	1051	62	learn	learn	VERB
cblr-2937	1051	63	-	-	PUNCT
cblr-2937	1051	64	and	and	CCONJ
cblr-2937	1051	65	-	-	PUNCT
cblr-2937	1051	66	enter	enter	VERB
cblr-2937	1051	67	strategy	strategy	NOUN
cblr-2937	1051	68	still	still	ADV
cblr-2937	1051	69	may	may	AUX
cblr-2937	1051	70	not	not	PART
cblr-2937	1051	71	be	be	AUX
cblr-2937	1051	72	viable	viable	ADJ
cblr-2937	1051	73	because	because	SCONJ
cblr-2937	1051	74	of	of	ADP
cblr-2937	1051	75	the	the	DET
cblr-2937	1051	76	time	time	NOUN
cblr-2937	1051	77	value	value	NOUN
cblr-2937	1051	78	of	of	ADP
cblr-2937	1051	79	money	money	NOUN
cblr-2937	1051	80	.	.	PUNCT
cblr-2937	1052	1	the	the	DET
cblr-2937	1052	2	agency	agency	NOUN
cblr-2937	1052	3	contemplating	contemplate	VERB
cblr-2937	1052	4	immediate	immediate	ADJ
cblr-2937	1052	5	low	low	ADJ
cblr-2937	1052	6	-	-	PUNCT
cblr-2937	1052	7	quality	quality	NOUN
cblr-2937	1052	8	entry	entry	NOUN
cblr-2937	1052	9	must	must	AUX
cblr-2937	1052	10	choose	choose	VERB
cblr-2937	1052	11	in	in	ADP
cblr-2937	1052	12	a	a	DET
cblr-2937	1052	13	formidable	formidable	ADJ
cblr-2937	1052	14	barrier	barrier	NOUN
cblr-2937	1052	15	to	to	ADP
cblr-2937	1052	16	entry	entry	NOUN
cblr-2937	1052	17	....	....	PUNCT
cblr-2937	1053	1	"	"	PUNCT
cblr-2937	1053	2	)	)	PUNCT
cblr-2937	1053	3	.	.	PUNCT
cblr-2937	1054	1	the	the	DET
cblr-2937	1054	2	(	(	PUNCT
cblr-2937	1054	3	"	"	PUNCT
cblr-2937	1054	4	stiglerian	stiglerian	ADJ
cblr-2937	1054	5	"	"	PUNCT
cblr-2937	1054	6	)	)	PUNCT
cblr-2937	1054	7	counter	counter	NOUN
cblr-2937	1054	8	to	to	ADP
cblr-2937	1054	9	this	this	DET
cblr-2937	1054	10	argument	argument	NOUN
cblr-2937	1054	11	is	be	AUX
cblr-2937	1054	12	,	,	PUNCT
cblr-2937	1054	13	roughly	roughly	ADV
cblr-2937	1054	14	,	,	PUNCT
cblr-2937	1054	15	that	that	SCONJ
cblr-2937	1054	16	all	all	DET
cblr-2937	1054	17	agencies	agency	NOUN
cblr-2937	1054	18	have	have	VERB
cblr-2937	1054	19	the	the	DET
cblr-2937	1054	20	ability	ability	NOUN
cblr-2937	1054	21	to	to	PART
cblr-2937	1054	22	develop	develop	VERB
cblr-2937	1054	23	reputations	reputation	NOUN
cblr-2937	1054	24	for	for	ADP
cblr-2937	1054	25	quality	quality	NOUN
cblr-2937	1054	26	and	and	CCONJ
cblr-2937	1054	27	that	that	SCONJ
cblr-2937	1054	28	if	if	SCONJ
cblr-2937	1054	29	a	a	DET
cblr-2937	1054	30	reputation	reputation	NOUN
cblr-2937	1054	31	for	for	ADP
cblr-2937	1054	32	quality	quality	NOUN
cblr-2937	1054	33	is	be	AUX
cblr-2937	1054	34	generating	generate	VERB
cblr-2937	1054	35	economic	economic	ADJ
cblr-2937	1054	36	profits	profit	NOUN
cblr-2937	1054	37	,	,	PUNCT
cblr-2937	1054	38	an	an	DET
cblr-2937	1054	39	entrant	entrant	NOUN
cblr-2937	1054	40	ought	ought	AUX
cblr-2937	1054	41	to	to	PART
cblr-2937	1054	42	be	be	AUX
cblr-2937	1054	43	willing	willing	ADJ
cblr-2937	1054	44	to	to	PART
cblr-2937	1054	45	invest	invest	VERB
cblr-2937	1054	46	enough	enough	ADJ
cblr-2937	1054	47	(	(	PUNCT
cblr-2937	1054	48	possibly	possibly	ADV
cblr-2937	1054	49	via	via	ADP
cblr-2937	1054	50	operating	operate	VERB
cblr-2937	1054	51	a	a	DET
cblr-2937	1054	52	money	money	NOUN
cblr-2937	1054	53	-	-	PUNCT
cblr-2937	1054	54	losing	lose	VERB
cblr-2937	1054	55	but	but	CCONJ
cblr-2937	1054	56	reputation	reputation	NOUN
cblr-2937	1054	57	-	-	PUNCT
cblr-2937	1054	58	building	building	NOUN
cblr-2937	1054	59	business	business	NOUN
cblr-2937	1054	60	)	)	PUNCT
cblr-2937	1054	61	to	to	PART
cblr-2937	1054	62	develop	develop	VERB
cblr-2937	1054	63	its	its	PRON
cblr-2937	1054	64	own	own	ADJ
cblr-2937	1054	65	reputation	reputation	NOUN
cblr-2937	1054	66	for	for	ADP
cblr-2937	1054	67	quality	quality	NOUN
cblr-2937	1054	68	.	.	PUNCT
cblr-2937	1055	1	227	227	NUM
cblr-2937	1055	2	a	a	DET
cblr-2937	1055	3	similar	similar	ADJ
cblr-2937	1055	4	effect	effect	NOUN
cblr-2937	1055	5	would	would	AUX
cblr-2937	1055	6	be	be	AUX
cblr-2937	1055	7	created	create	VERB
cblr-2937	1055	8	if	if	SCONJ
cblr-2937	1055	9	the	the	DET
cblr-2937	1055	10	high	high	ADJ
cblr-2937	1055	11	-	-	PUNCT
cblr-2937	1055	12	quality	quality	NOUN
cblr-2937	1055	13	entrant	entrant	NOUN
cblr-2937	1055	14	enjoys	enjoy	VERB
cblr-2937	1055	15	a	a	DET
cblr-2937	1055	16	"	"	PUNCT
cblr-2937	1055	17	first	first	ADJ
cblr-2937	1055	18	-	-	PUNCT
cblr-2937	1055	19	mover	mover	NOUN
cblr-2937	1055	20	"	"	PUNCT
cblr-2937	1055	21	advantage	advantage	NOUN
cblr-2937	1055	22	,	,	PUNCT
cblr-2937	1055	23	if	if	SCONJ
cblr-2937	1055	24	there	there	PRON
cblr-2937	1055	25	are	be	VERB
cblr-2937	1055	26	significant	significant	ADJ
cblr-2937	1055	27	switching	switching	NOUN
cblr-2937	1055	28	costs	cost	NOUN
cblr-2937	1055	29	,	,	PUNCT
cblr-2937	1055	30	or	or	CCONJ
cblr-2937	1055	31	for	for	ADP
cblr-2937	1055	32	any	any	DET
cblr-2937	1055	33	other	other	ADJ
cblr-2937	1055	34	reason	reason	NOUN
cblr-2937	1055	35	that	that	PRON
cblr-2937	1055	36	is	be	AUX
cblr-2937	1055	37	consistent	consistent	ADJ
cblr-2937	1055	38	with	with	ADP
cblr-2937	1055	39	the	the	DET
cblr-2937	1055	40	commonly	commonly	ADV
cblr-2937	1055	41	held	hold	VERB
cblr-2937	1055	42	view	view	NOUN
cblr-2937	1055	43	that	that	SCONJ
cblr-2937	1055	44	it	it	PRON
cblr-2937	1055	45	is	be	AUX
cblr-2937	1055	46	difficult	difficult	ADJ
cblr-2937	1055	47	to	to	PART
cblr-2937	1055	48	take	take	VERB
cblr-2937	1055	49	market	market	NOUN
cblr-2937	1055	50	share	share	NOUN
cblr-2937	1055	51	from	from	ADP
cblr-2937	1055	52	a	a	DET
cblr-2937	1055	53	high	high	ADJ
cblr-2937	1055	54	-	-	PUNCT
cblr-2937	1055	55	quality	quality	NOUN
cblr-2937	1055	56	established	establish	VERB
cblr-2937	1055	57	incumbent	incumbent	NOUN
cblr-2937	1055	58	.	.	PUNCT
cblr-2937	1056	1	228	228	NUM
cblr-2937	1056	2	see	see	VERB
cblr-2937	1056	3	aaron	aaron	PROPN
cblr-2937	1056	4	lucchetti	lucchetti	PROPN
cblr-2937	1056	5	,	,	PUNCT
cblr-2937	1056	6	rating	rating	NOUN
cblr-2937	1056	7	game	game	NOUN
cblr-2937	1056	8	:	:	PUNCT
cblr-2937	1056	9	as	as	SCONJ
cblr-2937	1056	10	housing	housing	NOUN
cblr-2937	1056	11	boomed	boom	VERB
cblr-2937	1056	12	,	,	PUNCT
cblr-2937	1056	13	moody	moody	PROPN
cblr-2937	1056	14	's	's	PART
cblr-2937	1056	15	opened	open	VERB
cblr-2937	1056	16	up	up	ADP
cblr-2937	1056	17	,	,	PUNCT
cblr-2937	1056	18	wall	wall	PROPN
cblr-2937	1056	19	st	st	PROPN
cblr-2937	1056	20	.	.	PROPN
cblr-2937	1056	21	j.	j.	PROPN
cblr-2937	1056	22	,	,	PUNCT
cblr-2937	1056	23	apr	apr	PROPN
cblr-2937	1056	24	.	.	PROPN
cblr-2937	1056	25	11	11	NUM
cblr-2937	1056	26	,	,	PUNCT
cblr-2937	1056	27	2008	2008	NUM
cblr-2937	1056	28	,	,	PUNCT
cblr-2937	1056	29	at	at	ADP
cblr-2937	1056	30	al	al	PROPN
cblr-2937	1056	31	(	(	PUNCT
cblr-2937	1056	32	suggesting	suggest	VERB
cblr-2937	1056	33	moody	moody	PROPN
cblr-2937	1056	34	's	's	PART
cblr-2937	1056	35	changed	change	VERB
cblr-2937	1056	36	standards	standard	NOUN
cblr-2937	1056	37	for	for	ADP
cblr-2937	1056	38	mortgage	mortgage	NOUN
cblr-2937	1056	39	-	-	PUNCT
cblr-2937	1056	40	based	base	VERB
cblr-2937	1056	41	structured	structured	ADJ
cblr-2937	1056	42	products	product	NOUN
cblr-2937	1056	43	to	to	PART
cblr-2937	1056	44	gain	gain	VERB
cblr-2937	1056	45	market	market	NOUN
cblr-2937	1056	46	share	share	NOUN
cblr-2937	1056	47	when	when	SCONJ
cblr-2937	1056	48	it	it	PRON
cblr-2937	1056	49	was	be	AUX
cblr-2937	1056	50	"	"	PUNCT
cblr-2937	1056	51	a	a	DET
cblr-2937	1056	52	small	small	ADJ
cblr-2937	1056	53	player	player	NOUN
cblr-2937	1056	54	"	"	PUNCT
cblr-2937	1056	55	in	in	ADP
cblr-2937	1056	56	the	the	DET
cblr-2937	1056	57	market	market	NOUN
cblr-2937	1056	58	)	)	PUNCT
cblr-2937	1056	59	.	.	PUNCT
cblr-2937	1057	1	[	[	X
cblr-2937	1057	2	vol	vol	NOUN
cblr-2937	1057	3	.	.	PUNCT
cblr-2937	1057	4	2009	2009	NUM
cblr-2937	1057	5	this	this	DET
cblr-2937	1057	6	case	case	NOUN
cblr-2937	1057	7	between	between	ADP
cblr-2937	1057	8	a	a	DET
cblr-2937	1057	9	short	short	ADV
cblr-2937	1057	10	-	-	PUNCT
cblr-2937	1057	11	lived	live	VERB
cblr-2937	1057	12	stream	stream	NOUN
cblr-2937	1057	13	of	of	ADP
cblr-2937	1057	14	cash	cash	NOUN
cblr-2937	1057	15	flows	flow	NOUN
cblr-2937	1057	16	received	receive	VERB
cblr-2937	1057	17	immediately	immediately	ADV
cblr-2937	1057	18	and	and	CCONJ
cblr-2937	1057	19	a	a	DET
cblr-2937	1057	20	long	long	ADV
cblr-2937	1057	21	-	-	PUNCT
cblr-2937	1057	22	lived	live	VERB
cblr-2937	1057	23	stream	stream	NOUN
cblr-2937	1057	24	of	of	ADP
cblr-2937	1057	25	cash	cash	NOUN
cblr-2937	1057	26	flows	flow	NOUN
cblr-2937	1057	27	(	(	PUNCT
cblr-2937	1057	28	possibly	possibly	ADV
cblr-2937	1057	29	of	of	ADP
cblr-2937	1057	30	different	different	ADJ
cblr-2937	1057	31	size	size	NOUN
cblr-2937	1057	32	)	)	PUNCT
cblr-2937	1057	33	received	receive	VERB
cblr-2937	1057	34	after	after	ADP
cblr-2937	1057	35	a	a	DET
cblr-2937	1057	36	delay	delay	NOUN
cblr-2937	1057	37	.	.	PUNCT
cblr-2937	1058	1	in	in	ADP
cblr-2937	1058	2	the	the	DET
cblr-2937	1058	3	simple	simple	ADJ
cblr-2937	1058	4	case	case	NOUN
cblr-2937	1058	5	of	of	ADP
cblr-2937	1058	6	choosing	choose	VERB
cblr-2937	1058	7	between	between	ADP
cblr-2937	1058	8	the	the	DET
cblr-2937	1058	9	first	first	ADJ
cblr-2937	1058	10	and	and	CCONJ
cblr-2937	1058	11	second	second	ADJ
cblr-2937	1058	12	parts	part	NOUN
cblr-2937	1058	13	of	of	ADP
cblr-2937	1058	14	a	a	DET
cblr-2937	1058	15	perpetuity	perpetuity	NOUN
cblr-2937	1058	16	,	,	PUNCT
cblr-2937	1058	17	the	the	DET
cblr-2937	1058	18	breakeven	breakeven	ADJ
cblr-2937	1058	19	point	point	NOUN
cblr-2937	1058	20	is	be	AUX
cblr-2937	1058	21	around	around	ADV
cblr-2937	1058	22	seven	seven	NUM
cblr-2937	1058	23	years	year	NOUN
cblr-2937	1058	24	for	for	ADP
cblr-2937	1058	25	discount	discount	NOUN
cblr-2937	1058	26	rates	rate	NOUN
cblr-2937	1058	27	of	of	ADP
cblr-2937	1058	28	11	11	NUM
cblr-2937	1058	29	-	-	SYM
cblr-2937	1058	30	12%229	12%229	NUM
cblr-2937	1058	31	(	(	PUNCT
cblr-2937	1058	32	this	this	PRON
cblr-2937	1058	33	is	be	AUX
cblr-2937	1058	34	a	a	DET
cblr-2937	1058	35	reasonable	reasonable	ADJ
cblr-2937	1058	36	estimate	estimate	NOUN
cblr-2937	1058	37	of	of	ADP
cblr-2937	1058	38	the	the	DET
cblr-2937	1058	39	cost	cost	NOUN
cblr-2937	1058	40	of	of	ADP
cblr-2937	1058	41	capital	capital	NOUN
cblr-2937	1058	42	for	for	ADP
cblr-2937	1058	43	moody	moody	PROPN
cblr-2937	1058	44	's	's	PART
cblr-2937	1058	45	corporation	corporation	NOUN
cblr-2937	1058	46	,	,	PUNCT
cblr-2937	1058	47	the	the	DET
cblr-2937	1058	48	traded	trade	VERB
cblr-2937	1058	49	entity	entity	NOUN
cblr-2937	1058	50	that	that	PRON
cblr-2937	1058	51	is	be	AUX
cblr-2937	1058	52	closest	close	ADJ
cblr-2937	1058	53	to	to	ADP
cblr-2937	1058	54	a	a	DET
cblr-2937	1058	55	pure	pure	ADJ
cblr-2937	1058	56	-	-	PUNCT
cblr-2937	1058	57	play	play	NOUN
cblr-2937	1058	58	rating	rating	NOUN
cblr-2937	1058	59	agency	agency	NOUN
cblr-2937	1058	60	)	)	PUNCT
cblr-2937	1058	61	.	.	PUNCT
cblr-2937	1059	1	"	"	PUNCT
cblr-2937	1059	2	'	'	PUNCT
cblr-2937	1059	3	given	give	VERB
cblr-2937	1059	4	that	that	SCONJ
cblr-2937	1059	5	it	it	PRON
cblr-2937	1059	6	may	may	AUX
cblr-2937	1059	7	take	take	VERB
cblr-2937	1059	8	approximately	approximately	ADV
cblr-2937	1059	9	the	the	DET
cblr-2937	1059	10	length	length	NOUN
cblr-2937	1059	11	of	of	ADP
cblr-2937	1059	12	a	a	DET
cblr-2937	1059	13	credit	credit	NOUN
cblr-2937	1059	14	cycle	cycle	NOUN
cblr-2937	1059	15	to	to	PART
cblr-2937	1059	16	determine	determine	VERB
cblr-2937	1059	17	the	the	DET
cblr-2937	1059	18	quality	quality	NOUN
cblr-2937	1059	19	of	of	ADP
cblr-2937	1059	20	credit	credit	NOUN
cblr-2937	1059	21	ratings	rating	NOUN
cblr-2937	1059	22	on	on	ADP
cblr-2937	1059	23	a	a	DET
cblr-2937	1059	24	given	give	VERB
cblr-2937	1059	25	set	set	NOUN
cblr-2937	1059	26	of	of	ADP
cblr-2937	1059	27	products	product	NOUN
cblr-2937	1059	28	,	,	PUNCT
cblr-2937	1059	29	this	this	PRON
cblr-2937	1059	30	suggests	suggest	VERB
cblr-2937	1059	31	that	that	SCONJ
cblr-2937	1059	32	the	the	DET
cblr-2937	1059	33	wait	wait	VERB
cblr-2937	1059	34	-	-	PUNCT
cblr-2937	1059	35	learn	learn	VERB
cblr-2937	1059	36	-	-	PUNCT
cblr-2937	1059	37	and	and	CCONJ
cblr-2937	1059	38	-	-	PUNCT
cblr-2937	1059	39	enter	enter	VERB
cblr-2937	1059	40	strategy	strategy	NOUN
cblr-2937	1059	41	might	might	AUX
cblr-2937	1059	42	not	not	PART
cblr-2937	1059	43	be	be	AUX
cblr-2937	1059	44	attractive	attractive	ADJ
cblr-2937	1059	45	for	for	ADP
cblr-2937	1059	46	major	major	ADJ
cblr-2937	1059	47	rating	rating	NOUN
cblr-2937	1059	48	agencies	agency	NOUN
cblr-2937	1059	49	purely	purely	ADV
cblr-2937	1059	50	for	for	ADP
cblr-2937	1059	51	time	time	NOUN
cblr-2937	1059	52	value	value	NOUN
cblr-2937	1059	53	reasons	reason	NOUN
cblr-2937	1059	54	,	,	PUNCT
cblr-2937	1059	55	ignoring	ignore	VERB
cblr-2937	1059	56	all	all	DET
cblr-2937	1059	57	the	the	DET
cblr-2937	1059	58	considerations	consideration	NOUN
cblr-2937	1059	59	above	above	ADV
cblr-2937	1059	60	.	.	PUNCT
cblr-2937	1060	1	v.	v.	ADP
cblr-2937	1060	2	a	a	DET
cblr-2937	1060	3	"	"	PUNCT
cblr-2937	1060	4	disclose	disclose	VERB
cblr-2937	1060	5	or	or	CCONJ
cblr-2937	1060	6	disgorge	disgorge	VERB
cblr-2937	1060	7	"	"	PUNCT
cblr-2937	1060	8	solution	solution	NOUN
cblr-2937	1060	9	for	for	ADP
cblr-2937	1060	10	ratings	rating	NOUN
cblr-2937	1060	11	on	on	ADP
cblr-2937	1060	12	novel	novel	ADJ
cblr-2937	1060	13	financial	financial	ADJ
cblr-2937	1060	14	products	product	NOUN
cblr-2937	1060	15	this	this	DET
cblr-2937	1060	16	part	part	NOUN
cblr-2937	1060	17	describes	describe	VERB
cblr-2937	1060	18	a	a	DET
cblr-2937	1060	19	narrowly	narrowly	ADV
cblr-2937	1060	20	tailored	tailor	VERB
cblr-2937	1060	21	,	,	PUNCT
cblr-2937	1060	22	minimally	minimally	ADV
cblr-2937	1060	23	intrusive	intrusive	ADJ
cblr-2937	1060	24	proposal	proposal	NOUN
cblr-2937	1060	25	for	for	ADP
cblr-2937	1060	26	addressing	address	VERB
cblr-2937	1060	27	the	the	DET
cblr-2937	1060	28	problem	problem	NOUN
cblr-2937	1060	29	of	of	ADP
cblr-2937	1060	30	low	low	ADJ
cblr-2937	1060	31	-	-	PUNCT
cblr-2937	1060	32	quality	quality	NOUN
cblr-2937	1060	33	ratings	rating	NOUN
cblr-2937	1060	34	on	on	ADP
cblr-2937	1060	35	novel	novel	ADJ
cblr-2937	1060	36	financial	financial	ADJ
cblr-2937	1060	37	products	product	NOUN
cblr-2937	1060	38	:	:	PUNCT
cblr-2937	1060	39	agencies	agency	NOUN
cblr-2937	1060	40	should	should	AUX
cblr-2937	1060	41	be	be	AUX
cblr-2937	1060	42	required	require	VERB
cblr-2937	1060	43	to	to	PART
cblr-2937	1060	44	disgorge	disgorge	VERB
cblr-2937	1060	45	profits	profit	NOUN
cblr-2937	1060	46	derived	derive	VERB
cblr-2937	1060	47	from	from	ADP
cblr-2937	1060	48	issuing	issue	VERB
cblr-2937	1060	49	ratings	rating	NOUN
cblr-2937	1060	50	on	on	ADP
cblr-2937	1060	51	particular	particular	ADJ
cblr-2937	1060	52	types	type	NOUN
cblr-2937	1060	53	of	of	ADP
cblr-2937	1060	54	new	new	ADJ
cblr-2937	1060	55	products	product	NOUN
cblr-2937	1060	56	if	if	SCONJ
cblr-2937	1060	57	the	the	DET
cblr-2937	1060	58	ratings	rating	NOUN
cblr-2937	1060	59	turn	turn	VERB
cblr-2937	1060	60	out	out	ADP
cblr-2937	1060	61	to	to	PART
cblr-2937	1060	62	fall	fall	VERB
cblr-2937	1060	63	below	below	ADP
cblr-2937	1060	64	a	a	DET
cblr-2937	1060	65	specified	specified	ADJ
cblr-2937	1060	66	level	level	NOUN
cblr-2937	1060	67	of	of	ADP
cblr-2937	1060	68	quality	quality	NOUN
cblr-2937	1060	69	,	,	PUNCT
cblr-2937	1060	70	unless	unless	SCONJ
cblr-2937	1060	71	the	the	DET
cblr-2937	1060	72	agency	agency	NOUN
cblr-2937	1060	73	discloses	disclose	VERB
cblr-2937	1060	74	in	in	ADP
cblr-2937	1060	75	advance	advance	NOUN
cblr-2937	1060	76	that	that	SCONJ
cblr-2937	1060	77	the	the	DET
cblr-2937	1060	78	ratings	rating	NOUN
cblr-2937	1060	79	are	be	AUX
cblr-2937	1060	80	of	of	ADP
cblr-2937	1060	81	low	low	ADJ
cblr-2937	1060	82	quality	quality	NOUN
cblr-2937	1060	83	.	.	PUNCT
cblr-2937	1061	1	this	this	DET
cblr-2937	1061	2	part	part	NOUN
cblr-2937	1061	3	first	first	ADV
cblr-2937	1061	4	describes	describe	VERB
cblr-2937	1061	5	the	the	DET
cblr-2937	1061	6	solution	solution	NOUN
cblr-2937	1061	7	,	,	PUNCT
cblr-2937	1061	8	then	then	ADV
cblr-2937	1061	9	explains	explain	VERB
cblr-2937	1061	10	why	why	SCONJ
cblr-2937	1061	11	it	it	PRON
cblr-2937	1061	12	is	be	AUX
cblr-2937	1061	13	consistent	consistent	ADJ
cblr-2937	1061	14	with	with	ADP
cblr-2937	1061	15	the	the	DET
cblr-2937	1061	16	first	first	ADJ
cblr-2937	1061	17	amendment	amendment	NOUN
cblr-2937	1061	18	and	and	CCONJ
cblr-2937	1061	19	why	why	SCONJ
cblr-2937	1061	20	it	it	PRON
cblr-2937	1061	21	is	be	AUX
cblr-2937	1061	22	superior	superior	ADJ
cblr-2937	1061	23	to	to	ADP
cblr-2937	1061	24	other	other	ADJ
cblr-2937	1061	25	solutions	solution	NOUN
cblr-2937	1061	26	based	base	VERB
cblr-2937	1061	27	on	on	ADP
cblr-2937	1061	28	liability	liability	NOUN
cblr-2937	1061	29	or	or	CCONJ
cblr-2937	1061	30	regulation	regulation	NOUN
cblr-2937	1061	31	.	.	PUNCT
cblr-2937	1062	1	finally	finally	ADV
cblr-2937	1062	2	,	,	PUNCT
cblr-2937	1062	3	it	it	PRON
cblr-2937	1062	4	discusses	discuss	VERB
cblr-2937	1062	5	certain	certain	ADJ
cblr-2937	1062	6	issues	issue	NOUN
cblr-2937	1062	7	presented	present	VERB
cblr-2937	1062	8	in	in	ADP
cblr-2937	1062	9	implementing	implement	VERB
cblr-2937	1062	10	the	the	DET
cblr-2937	1062	11	"	"	PUNCT
cblr-2937	1062	12	disclose	disclose	VERB
cblr-2937	1062	13	or	or	CCONJ
cblr-2937	1062	14	disgorge	disgorge	VERB
cblr-2937	1062	15	"	"	PUNCT
cblr-2937	1062	16	approach	approach	NOUN
cblr-2937	1062	17	.	.	PUNCT
cblr-2937	1063	1	2	2	NUM
cblr-2937	1063	2	if	if	SCONJ
cblr-2937	1063	3	the	the	DET
cblr-2937	1063	4	agency	agency	NOUN
cblr-2937	1063	5	receives	receive	VERB
cblr-2937	1063	6	twice	twice	ADV
cblr-2937	1063	7	as	as	ADV
cblr-2937	1063	8	much	much	ADJ
cblr-2937	1063	9	per	per	ADP
cblr-2937	1063	10	year	year	NOUN
cblr-2937	1063	11	in	in	ADP
cblr-2937	1063	12	the	the	DET
cblr-2937	1063	13	second	second	ADJ
cblr-2937	1063	14	period	period	NOUN
cblr-2937	1063	15	as	as	ADP
cblr-2937	1063	16	the	the	DET
cblr-2937	1063	17	first	first	ADJ
cblr-2937	1063	18	,	,	PUNCT
cblr-2937	1063	19	the	the	DET
cblr-2937	1063	20	breakeven	breakeven	NOUN
cblr-2937	1063	21	is	be	AUX
cblr-2937	1063	22	ten	ten	NUM
cblr-2937	1063	23	to	to	ADP
cblr-2937	1063	24	eleven	eleven	NUM
cblr-2937	1063	25	years	year	NOUN
cblr-2937	1063	26	for	for	ADP
cblr-2937	1063	27	discount	discount	NOUN
cblr-2937	1063	28	rates	rate	NOUN
cblr-2937	1063	29	in	in	ADP
cblr-2937	1063	30	this	this	DET
cblr-2937	1063	31	range	range	NOUN
cblr-2937	1063	32	.	.	PUNCT
cblr-2937	1064	1	230	230	NUM
cblr-2937	1064	2	moody	moody	PROPN
cblr-2937	1064	3	's	's	PART
cblr-2937	1064	4	corp	corp	PROPN
cblr-2937	1064	5	.	.	PROPN
cblr-2937	1064	6	's	's	PART
cblr-2937	1064	7	wacc	wacc	PROPN
cblr-2937	1064	8	for	for	ADP
cblr-2937	1064	9	the	the	DET
cblr-2937	1064	10	second	second	ADJ
cblr-2937	1064	11	quarter	quarter	NOUN
cblr-2937	1064	12	of	of	ADP
cblr-2937	1064	13	2008	2008	NUM
cblr-2937	1064	14	was	be	AUX
cblr-2937	1064	15	11.97	11.97	NUM
cblr-2937	1064	16	%	%	NOUN
cblr-2937	1064	17	,	,	PUNCT
cblr-2937	1064	18	according	accord	VERB
cblr-2937	1064	19	to	to	ADP
cblr-2937	1064	20	the	the	DET
cblr-2937	1064	21	wacc	wacc	PROPN
cblr-2937	1064	22	function	function	NOUN
cblr-2937	1064	23	on	on	ADP
cblr-2937	1064	24	the	the	DET
cblr-2937	1064	25	bloomberg	bloomberg	PROPN
cblr-2937	1064	26	financial	financial	ADJ
cblr-2937	1064	27	information	information	NOUN
cblr-2937	1064	28	system	system	NOUN
cblr-2937	1064	29	.	.	PUNCT
cblr-2937	1065	1	bloomberg	bloomberg	PROPN
cblr-2937	1065	2	financial	financial	PROPN
cblr-2937	1065	3	information	information	PROPN
cblr-2937	1065	4	service	service	PROPN
cblr-2937	1065	5	,	,	PUNCT
cblr-2937	1065	6	wacc	wacc	PROPN
cblr-2937	1065	7	function	function	PROPN
cblr-2937	1065	8	(	(	PUNCT
cblr-2937	1065	9	last	last	ADV
cblr-2937	1065	10	visited	visit	VERB
cblr-2937	1065	11	mar	mar	PROPN
cblr-2937	1065	12	.	.	PROPN
cblr-2937	1065	13	9	9	NUM
cblr-2937	1065	14	,	,	PUNCT
cblr-2937	1065	15	2009	2009	NUM
cblr-2937	1065	16	)	)	PUNCT
cblr-2937	1065	17	.	.	PUNCT
cblr-2937	1066	1	no	no	INTJ
cblr-2937	1066	2	.	.	NOUN
cblr-2937	1067	1	1	1	NUM
cblr-2937	1067	2	:	:	SYM
cblr-2937	1067	3	1091	1091	NUM
cblr-2937	1067	4	credit	credit	NOUN
cblr-2937	1067	5	ra	ra	PROPN
cblr-2937	1067	6	ting	te	VERB
cblr-2937	1067	7	a	a	DET
cblr-2937	1067	8	gencies	gencies	PROPN
cblr-2937	1067	9	columbia	columbia	PROPN
cblr-2937	1067	10	business	business	NOUN
cblr-2937	1067	11	law	law	PROPN
cblr-2937	1067	12	review	review	VERB
cblr-2937	1067	13	a.	a.	NOUN
cblr-2937	1067	14	the	the	DET
cblr-2937	1067	15	"	"	PUNCT
cblr-2937	1067	16	disclose	disclose	VERB
cblr-2937	1067	17	or	or	CCONJ
cblr-2937	1067	18	disgorge	disgorge	VERB
cblr-2937	1067	19	"	"	PUNCT
cblr-2937	1067	20	approach	approach	NOUN
cblr-2937	1067	21	to	to	ADP
cblr-2937	1067	22	novel	novel	ADJ
cblr-2937	1067	23	product	product	NOUN
cblr-2937	1067	24	rating	rating	NOUN
cblr-2937	1067	25	the	the	DET
cblr-2937	1067	26	problem	problem	NOUN
cblr-2937	1067	27	identified	identify	VERB
cblr-2937	1067	28	in	in	ADP
cblr-2937	1067	29	the	the	DET
cblr-2937	1067	30	preceding	precede	VERB
cblr-2937	1067	31	part	part	NOUN
cblr-2937	1067	32	is	be	AUX
cblr-2937	1067	33	that	that	SCONJ
cblr-2937	1067	34	rating	rating	NOUN
cblr-2937	1067	35	agencies	agency	NOUN
cblr-2937	1067	36	have	have	VERB
cblr-2937	1067	37	strong	strong	ADJ
cblr-2937	1067	38	incentives	incentive	NOUN
cblr-2937	1067	39	to	to	PART
cblr-2937	1067	40	issue	issue	VERB
cblr-2937	1067	41	ratings	rating	NOUN
cblr-2937	1067	42	on	on	ADP
cblr-2937	1067	43	novel	novel	ADJ
cblr-2937	1067	44	products	product	NOUN
cblr-2937	1067	45	even	even	ADV
cblr-2937	1067	46	if	if	SCONJ
cblr-2937	1067	47	they	they	PRON
cblr-2937	1067	48	do	do	AUX
cblr-2937	1067	49	not	not	PART
cblr-2937	1067	50	know	know	VERB
cblr-2937	1067	51	what	what	PRON
cblr-2937	1067	52	they	they	PRON
cblr-2937	1067	53	are	be	AUX
cblr-2937	1067	54	doing	do	VERB
cblr-2937	1067	55	.	.	PUNCT
cblr-2937	1068	1	because	because	SCONJ
cblr-2937	1068	2	investors	investor	NOUN
cblr-2937	1068	3	do	do	AUX
cblr-2937	1068	4	not	not	PART
cblr-2937	1068	5	know	know	VERB
cblr-2937	1068	6	the	the	DET
cblr-2937	1068	7	quality	quality	NOUN
cblr-2937	1068	8	of	of	ADP
cblr-2937	1068	9	the	the	DET
cblr-2937	1068	10	ratings	rating	NOUN
cblr-2937	1068	11	on	on	ADP
cblr-2937	1068	12	these	these	DET
cblr-2937	1068	13	new	new	ADJ
cblr-2937	1068	14	instruments	instrument	NOUN
cblr-2937	1068	15	in	in	ADP
cblr-2937	1068	16	advance	advance	NOUN
cblr-2937	1068	17	,	,	PUNCT
cblr-2937	1068	18	they	they	PRON
cblr-2937	1068	19	may	may	AUX
cblr-2937	1068	20	rationally	rationally	ADV
cblr-2937	1068	21	rely	rely	VERB
cblr-2937	1068	22	on	on	ADP
cblr-2937	1068	23	them	they	PRON
cblr-2937	1068	24	to	to	ADP
cblr-2937	1068	25	their	their	PRON
cblr-2937	1068	26	detriment	detriment	NOUN
cblr-2937	1068	27	and	and	CCONJ
cblr-2937	1068	28	,	,	PUNCT
cblr-2937	1068	29	as	as	SCONJ
cblr-2937	1068	30	recent	recent	ADJ
cblr-2937	1068	31	events	event	NOUN
cblr-2937	1068	32	suggest	suggest	VERB
cblr-2937	1068	33	,	,	PUNCT
cblr-2937	1068	34	to	to	ADP
cblr-2937	1068	35	the	the	DET
cblr-2937	1068	36	detriment	detriment	NOUN
cblr-2937	1068	37	of	of	ADP
cblr-2937	1068	38	the	the	DET
cblr-2937	1068	39	wider	wide	ADJ
cblr-2937	1068	40	financial	financial	ADJ
cblr-2937	1068	41	system	system	NOUN
cblr-2937	1068	42	.	.	PUNCT
cblr-2937	1069	1	this	this	DET
cblr-2937	1069	2	problem	problem	NOUN
cblr-2937	1069	3	can	can	AUX
cblr-2937	1069	4	be	be	AUX
cblr-2937	1069	5	solved	solve	VERB
cblr-2937	1069	6	either	either	CCONJ
cblr-2937	1069	7	by	by	ADP
cblr-2937	1069	8	deterring	deter	VERB
cblr-2937	1069	9	rating	rating	NOUN
cblr-2937	1069	10	agencies	agency	NOUN
cblr-2937	1069	11	from	from	ADP
cblr-2937	1069	12	issuing	issue	VERB
cblr-2937	1069	13	such	such	ADJ
cblr-2937	1069	14	low	low	ADJ
cblr-2937	1069	15	-	-	PUNCT
cblr-2937	1069	16	quality	quality	NOUN
cblr-2937	1069	17	ratings	rating	NOUN
cblr-2937	1069	18	or	or	CCONJ
cblr-2937	1069	19	by	by	ADP
cblr-2937	1069	20	making	make	VERB
cblr-2937	1069	21	their	their	PRON
cblr-2937	1069	22	quality	quality	NOUN
cblr-2937	1069	23	known	know	VERB
cblr-2937	1069	24	to	to	ADP
cblr-2937	1069	25	investors	investor	NOUN
cblr-2937	1069	26	.	.	PUNCT
cblr-2937	1070	1	a	a	DET
cblr-2937	1070	2	straightforward	straightforward	ADJ
cblr-2937	1070	3	way	way	NOUN
cblr-2937	1070	4	to	to	PART
cblr-2937	1070	5	do	do	VERB
cblr-2937	1070	6	this	this	PRON
cblr-2937	1070	7	is	be	AUX
cblr-2937	1070	8	to	to	PART
cblr-2937	1070	9	subject	subject	VERB
cblr-2937	1070	10	rating	rating	NOUN
cblr-2937	1070	11	agencies	agency	NOUN
cblr-2937	1070	12	to	to	PART
cblr-2937	1070	13	disgorgement	disgorgement	VERB
cblr-2937	1070	14	of	of	ADP
cblr-2937	1070	15	profits	profit	NOUN
cblr-2937	1070	16	derived	derive	VERB
cblr-2937	1070	17	from	from	ADP
cblr-2937	1070	18	ratings	rating	NOUN
cblr-2937	1070	19	on	on	ADP
cblr-2937	1070	20	new	new	ADJ
cblr-2937	1070	21	instruments	instrument	NOUN
cblr-2937	1070	22	that	that	PRON
cblr-2937	1070	23	turn	turn	VERB
cblr-2937	1070	24	out	out	ADP
cblr-2937	1070	25	to	to	PART
cblr-2937	1070	26	be	be	AUX
cblr-2937	1070	27	of	of	ADP
cblr-2937	1070	28	low	low	ADJ
cblr-2937	1070	29	enough	enough	ADJ
cblr-2937	1070	30	quality,231	quality,231	PROPN
cblr-2937	1070	31	while	while	SCONJ
cblr-2937	1070	32	allowing	allow	VERB
cblr-2937	1070	33	the	the	DET
cblr-2937	1070	34	agency	agency	NOUN
cblr-2937	1070	35	to	to	PART
cblr-2937	1070	36	avoid	avoid	VERB
cblr-2937	1070	37	disgorgement	disgorgement	NOUN
cblr-2937	1070	38	by	by	ADP
cblr-2937	1070	39	disclosing	disclose	VERB
cblr-2937	1070	40	at	at	ADP
cblr-2937	1070	41	the	the	DET
cblr-2937	1070	42	time	time	NOUN
cblr-2937	1070	43	of	of	ADP
cblr-2937	1070	44	rating	rating	NOUN
cblr-2937	1070	45	that	that	PRON
cblr-2937	1070	46	its	its	PRON
cblr-2937	1070	47	ratings	rating	NOUN
cblr-2937	1070	48	are	be	AUX
cblr-2937	1070	49	of	of	ADP
cblr-2937	1070	50	low	low	ADJ
cblr-2937	1070	51	quality	quality	NOUN
cblr-2937	1070	52	.	.	PUNCT
cblr-2937	1071	1	this	this	DET
cblr-2937	1071	2	proposal	proposal	NOUN
cblr-2937	1071	3	removes	remove	VERB
cblr-2937	1071	4	the	the	DET
cblr-2937	1071	5	incentive	incentive	NOUN
cblr-2937	1071	6	to	to	PART
cblr-2937	1071	7	issue	issue	VERB
cblr-2937	1071	8	undisclosed	undisclosed	ADJ
cblr-2937	1071	9	low	low	ADJ
cblr-2937	1071	10	-	-	PUNCT
cblr-2937	1071	11	quality	quality	NOUN
cblr-2937	1071	12	ratings	rating	NOUN
cblr-2937	1071	13	,	,	PUNCT
cblr-2937	1071	14	permits	permit	VERB
cblr-2937	1071	15	investors	investor	NOUN
cblr-2937	1071	16	to	to	PART
cblr-2937	1071	17	decide	decide	VERB
cblr-2937	1071	18	for	for	ADP
cblr-2937	1071	19	themselves	themselves	PRON
cblr-2937	1071	20	whether	whether	SCONJ
cblr-2937	1071	21	to	to	PART
cblr-2937	1071	22	use	use	VERB
cblr-2937	1071	23	low	low	ADJ
cblr-2937	1071	24	-	-	PUNCT
cblr-2937	1071	25	quality	quality	NOUN
cblr-2937	1071	26	ratings	rating	NOUN
cblr-2937	1071	27	(	(	PUNCT
cblr-2937	1071	28	investors	investor	NOUN
cblr-2937	1071	29	who	who	PRON
cblr-2937	1071	30	are	be	AUX
cblr-2937	1071	31	not	not	PART
cblr-2937	1071	32	good	good	ADJ
cblr-2937	1071	33	at	at	ADP
cblr-2937	1071	34	judging	judge	VERB
cblr-2937	1071	35	risk	risk	NOUN
cblr-2937	1071	36	for	for	ADP
cblr-2937	1071	37	themselves	themselves	PRON
cblr-2937	1071	38	might	might	AUX
cblr-2937	1071	39	find	find	VERB
cblr-2937	1071	40	such	such	ADJ
cblr-2937	1071	41	ratings	rating	NOUN
cblr-2937	1071	42	useful	useful	ADJ
cblr-2937	1071	43	)	)	PUNCT
cblr-2937	1071	44	,	,	PUNCT
cblr-2937	1071	45	and	and	CCONJ
cblr-2937	1071	46	avoids	avoid	VERB
cblr-2937	1071	47	unnecessary	unnecessary	ADJ
cblr-2937	1071	48	,	,	PUNCT
cblr-2937	1071	49	error	error	NOUN
cblr-2937	1071	50	-	-	PUNCT
cblr-2937	1071	51	prone	prone	ADJ
cblr-2937	1071	52	,	,	PUNCT
cblr-2937	1071	53	and	and	CCONJ
cblr-2937	1071	54	irrelevant	irrelevant	ADJ
cblr-2937	1071	55	inquiries	inquiry	NOUN
cblr-2937	1071	56	into	into	ADP
cblr-2937	1071	57	the	the	DET
cblr-2937	1071	58	agency	agency	NOUN
cblr-2937	1071	59	's	's	PART
cblr-2937	1071	60	"	"	PUNCT
cblr-2937	1071	61	intent	intent	NOUN
cblr-2937	1071	62	to	to	PART
cblr-2937	1071	63	deceive	deceive	VERB
cblr-2937	1071	64	"	"	PUNCT
cblr-2937	1071	65	and	and	CCONJ
cblr-2937	1071	66	the	the	DET
cblr-2937	1071	67	ex	ex	PROPN
cblr-2937	1071	68	ante	ante	NOUN
cblr-2937	1071	69	"	"	PUNCT
cblr-2937	1071	70	reasonableness	reasonableness	NOUN
cblr-2937	1071	71	"	"	PUNCT
cblr-2937	1071	72	of	of	ADP
cblr-2937	1071	73	its	its	PRON
cblr-2937	1071	74	determinations	determination	NOUN
cblr-2937	1071	75	that	that	PRON
cblr-2937	1071	76	would	would	AUX
cblr-2937	1071	77	be	be	AUX
cblr-2937	1071	78	required	require	VERB
cblr-2937	1071	79	under	under	ADP
cblr-2937	1071	80	fraud	fraud	NOUN
cblr-2937	1071	81	or	or	CCONJ
cblr-2937	1071	82	negligence	negligence	NOUN
cblr-2937	1071	83	rules	rule	NOUN
cblr-2937	1071	84	.	.	PUNCT
cblr-2937	1072	1	it	it	PRON
cblr-2937	1072	2	also	also	ADV
cblr-2937	1072	3	does	do	AUX
cblr-2937	1072	4	not	not	PART
cblr-2937	1072	5	rely	rely	VERB
cblr-2937	1072	6	on	on	ADP
cblr-2937	1072	7	administrative	administrative	ADJ
cblr-2937	1072	8	foresight	foresight	NOUN
cblr-2937	1072	9	to	to	ADP
cblr-2937	1072	10	the	the	DET
cblr-2937	1072	11	same	same	ADJ
cblr-2937	1072	12	extent	extent	NOUN
cblr-2937	1072	13	as	as	ADP
cblr-2937	1072	14	a	a	DET
cblr-2937	1072	15	pending	pende	VERB
cblr-2937	1072	16	proposal	proposal	NOUN
cblr-2937	1072	17	apparently	apparently	ADV
cblr-2937	1072	18	intended	intend	VERB
cblr-2937	1072	19	to	to	PART
cblr-2937	1072	20	require	require	VERB
cblr-2937	1072	21	agencies	agency	NOUN
cblr-2937	1072	22	to	to	PART
cblr-2937	1072	23	get	get	VERB
cblr-2937	1072	24	sec	sec	PROPN
cblr-2937	1072	25	approval	approval	NOUN
cblr-2937	1072	26	before	before	ADP
cblr-2937	1072	27	issuing	issue	VERB
cblr-2937	1072	28	ratings	rating	NOUN
cblr-2937	1072	29	on	on	ADP
cblr-2937	1072	30	novel	novel	NOUN
cblr-2937	1072	31	instruments.232	instruments.232	ADP
cblr-2937	1072	32	231	231	NUM
cblr-2937	1072	33	this	this	DET
cblr-2937	1072	34	proposal	proposal	NOUN
cblr-2937	1072	35	presupposes	presuppose	VERB
cblr-2937	1072	36	that	that	SCONJ
cblr-2937	1072	37	there	there	PRON
cblr-2937	1072	38	is	be	VERB
cblr-2937	1072	39	perfect	perfect	ADJ
cblr-2937	1072	40	monitoring	monitoring	NOUN
cblr-2937	1072	41	and	and	CCONJ
cblr-2937	1072	42	enforcement	enforcement	NOUN
cblr-2937	1072	43	of	of	ADP
cblr-2937	1072	44	the	the	DET
cblr-2937	1072	45	rule	rule	NOUN
cblr-2937	1072	46	.	.	PUNCT
cblr-2937	1073	1	if	if	SCONJ
cblr-2937	1073	2	there	there	PRON
cblr-2937	1073	3	is	be	VERB
cblr-2937	1073	4	imperfect	imperfect	ADJ
cblr-2937	1073	5	enforcement	enforcement	NOUN
cblr-2937	1073	6	,	,	PUNCT
cblr-2937	1073	7	disgorgement	disgorgement	NOUN
cblr-2937	1073	8	of	of	ADP
cblr-2937	1073	9	a	a	DET
cblr-2937	1073	10	multiple	multiple	NOUN
cblr-2937	1073	11	of	of	ADP
cblr-2937	1073	12	profits	profit	NOUN
cblr-2937	1073	13	may	may	AUX
cblr-2937	1073	14	be	be	AUX
cblr-2937	1073	15	appropriate	appropriate	ADJ
cblr-2937	1073	16	.	.	PUNCT
cblr-2937	1074	1	cf	cf	X
cblr-2937	1074	2	john	john	PROPN
cblr-2937	1074	3	c.	c.	PROPN
cblr-2937	1074	4	coffee	coffee	PROPN
cblr-2937	1074	5	,	,	PUNCT
cblr-2937	1074	6	jr	jr	PROPN
cblr-2937	1074	7	.	.	PROPN
cblr-2937	1074	8	,	,	PUNCT
cblr-2937	1074	9	gatekeeper	gatekeeper	NOUN
cblr-2937	1074	10	failure	failure	NOUN
cblr-2937	1074	11	and	and	CCONJ
cblr-2937	1074	12	reform	reform	NOUN
cblr-2937	1074	13	:	:	PUNCT
cblr-2937	1074	14	the	the	DET
cblr-2937	1074	15	challenge	challenge	NOUN
cblr-2937	1074	16	of	of	ADP
cblr-2937	1074	17	fashioning	fashion	VERB
cblr-2937	1074	18	relevant	relevant	ADJ
cblr-2937	1074	19	reforms	reform	NOUN
cblr-2937	1074	20	,	,	PUNCT
cblr-2937	1074	21	84	84	NUM
cblr-2937	1074	22	b.u	b.u	PROPN
cblr-2937	1074	23	.	.	PROPN
cblr-2937	1074	24	l.	l.	PROPN
cblr-2937	1074	25	rev	rev	PROPN
cblr-2937	1074	26	.	.	PROPN
cblr-2937	1074	27	301	301	NUM
cblr-2937	1074	28	,	,	PUNCT
cblr-2937	1074	29	349	349	NUM
cblr-2937	1074	30	-	-	SYM
cblr-2937	1074	31	52	52	NUM
cblr-2937	1074	32	(	(	PUNCT
cblr-2937	1074	33	2004	2004	NUM
cblr-2937	1074	34	)	)	PUNCT
cblr-2937	1074	35	(	(	PUNCT
cblr-2937	1074	36	proposing	propose	VERB
cblr-2937	1074	37	a	a	DET
cblr-2937	1074	38	system	system	NOUN
cblr-2937	1074	39	of	of	ADP
cblr-2937	1074	40	strict	strict	ADJ
cblr-2937	1074	41	"	"	PUNCT
cblr-2937	1074	42	gatekeeper	gatekeeper	NOUN
cblr-2937	1074	43	"	"	PUNCT
cblr-2937	1074	44	liability	liability	NOUN
cblr-2937	1074	45	for	for	ADP
cblr-2937	1074	46	issuer	issuer	NOUN
cblr-2937	1074	47	fraud	fraud	NOUN
cblr-2937	1074	48	in	in	ADP
cblr-2937	1074	49	which	which	PRON
cblr-2937	1074	50	gatekeepers	gatekeeper	NOUN
cblr-2937	1074	51	are	be	AUX
cblr-2937	1074	52	liable	liable	ADJ
cblr-2937	1074	53	for	for	ADP
cblr-2937	1074	54	a	a	DET
cblr-2937	1074	55	multiple	multiple	NOUN
cblr-2937	1074	56	of	of	ADP
cblr-2937	1074	57	annual	annual	ADJ
cblr-2937	1074	58	fees	fee	NOUN
cblr-2937	1074	59	received	receive	VERB
cblr-2937	1074	60	from	from	ADP
cblr-2937	1074	61	the	the	DET
cblr-2937	1074	62	issuer	issuer	NOUN
cblr-2937	1074	63	and	and	CCONJ
cblr-2937	1074	64	asserting	assert	VERB
cblr-2937	1074	65	that	that	DET
cblr-2937	1074	66	proposal	proposal	NOUN
cblr-2937	1074	67	is	be	AUX
cblr-2937	1074	68	based	base	VERB
cblr-2937	1074	69	on	on	ADP
cblr-2937	1074	70	a	a	DET
cblr-2937	1074	71	"	"	PUNCT
cblr-2937	1074	72	deterrence	deterrence	NOUN
cblr-2937	1074	73	framework	framework	NOUN
cblr-2937	1074	74	"	"	PUNCT
cblr-2937	1074	75	)	)	PUNCT
cblr-2937	1074	76	.	.	PUNCT
cblr-2937	1075	1	232	232	NUM
cblr-2937	1075	2	see	see	VERB
cblr-2937	1075	3	infra	infra	NOUN
cblr-2937	1075	4	part	part	NOUN
cblr-2937	1075	5	v.c.5	v.c.5	NOUN
cblr-2937	1075	6	.	.	PUNCT
cblr-2937	1076	1	[	[	X
cblr-2937	1076	2	vol	vol	NOUN
cblr-2937	1076	3	.	.	NOUN
cblr-2937	1076	4	2009	2009	NUM
cblr-2937	1076	5	credit	credit	NOUN
cblr-2937	1076	6	ra	ra	PROPN
cblr-2937	1076	7	ting	ting	PROPN
cblr-2937	1076	8	agencies	agencies	PROPN
cblr-2937	1076	9	b.	b.	PROPN
cblr-2937	1077	1	first	first	PROPN
cblr-2937	1077	2	amendment	amendment	NOUN
cblr-2937	1077	3	concerns	concern	NOUN
cblr-2937	1077	4	should	should	AUX
cblr-2937	1077	5	not	not	PART
cblr-2937	1077	6	foreclose	foreclose	VERB
cblr-2937	1077	7	consideration	consideration	NOUN
cblr-2937	1077	8	of	of	ADP
cblr-2937	1077	9	"	"	PUNCT
cblr-2937	1077	10	disclose	disclose	VERB
cblr-2937	1077	11	or	or	CCONJ
cblr-2937	1077	12	disgorge	disgorge	VERB
cblr-2937	1077	13	"	"	PUNCT
cblr-2937	1077	14	rating	rating	NOUN
cblr-2937	1077	15	agencies	agency	NOUN
cblr-2937	1077	16	argue	argue	VERB
cblr-2937	1077	17	consistently	consistently	ADV
cblr-2937	1077	18	that	that	SCONJ
cblr-2937	1077	19	they	they	PRON
cblr-2937	1077	20	are	be	AUX
cblr-2937	1077	21	"	"	PUNCT
cblr-2937	1077	22	members	member	NOUN
cblr-2937	1077	23	of	of	ADP
cblr-2937	1077	24	the	the	DET
cblr-2937	1077	25	media"233	media"233	NOUN
cblr-2937	1077	26	and	and	CCONJ
cblr-2937	1077	27	"	"	PUNCT
cblr-2937	1077	28	publishers,"234	publishers,"234	PROPN
cblr-2937	1077	29	that	that	SCONJ
cblr-2937	1077	30	they	they	PRON
cblr-2937	1077	31	function	function	VERB
cblr-2937	1077	32	as	as	ADP
cblr-2937	1077	33	"	"	PUNCT
cblr-2937	1077	34	journalists"2	journalists"2	PROPN
cblr-2937	1077	35	5	5	NUM
cblr-2937	1077	36	and	and	CCONJ
cblr-2937	1077	37	that	that	SCONJ
cblr-2937	1077	38	their	their	PRON
cblr-2937	1077	39	ratings	rating	NOUN
cblr-2937	1077	40	are	be	AUX
cblr-2937	1077	41	"	"	PUNCT
cblr-2937	1077	42	opinions	opinion	NOUN
cblr-2937	1077	43	"	"	PUNCT
cblr-2937	1077	44	'	'	NUM
cblr-2937	1077	45	16	16	NUM
cblr-2937	1077	46	on	on	ADP
cblr-2937	1077	47	"	"	PUNCT
cblr-2937	1077	48	matters	matter	NOUN
cblr-2937	1077	49	of	of	ADP
cblr-2937	1077	50	public	public	ADJ
cblr-2937	1077	51	concern	concern	NOUN
cblr-2937	1077	52	.	.	PUNCT
cblr-2937	1078	1	"	"	PUNCT
cblr-2937	1078	2	"	"	PUNCT
cblr-2937	1078	3	'	'	PUNCT
cblr-2937	1078	4	they	they	PRON
cblr-2937	1078	5	assert	assert	VERB
cblr-2937	1078	6	that	that	SCONJ
cblr-2937	1078	7	the	the	DET
cblr-2937	1078	8	first	first	ADJ
cblr-2937	1078	9	amendment	amendment	NOUN
cblr-2937	1078	10	therefore	therefore	ADV
cblr-2937	1078	11	bars	bar	VERB
cblr-2937	1078	12	all	all	DET
cblr-2937	1078	13	manner	manner	NOUN
cblr-2937	1078	14	of	of	ADP
cblr-2937	1078	15	efforts	effort	NOUN
cblr-2937	1078	16	to	to	PART
cblr-2937	1078	17	regulate	regulate	VERB
cblr-2937	1078	18	them	they	PRON
cblr-2937	1078	19	or	or	CCONJ
cblr-2937	1078	20	hold	hold	VERB
cblr-2937	1078	21	them	they	PRON
cblr-2937	1078	22	liable	liable	ADJ
cblr-2937	1078	23	for	for	ADP
cblr-2937	1078	24	the	the	DET
cblr-2937	1078	25	quality	quality	NOUN
cblr-2937	1078	26	of	of	ADP
cblr-2937	1078	27	their	their	PRON
cblr-2937	1078	28	ratings	rating	NOUN
cblr-2937	1078	29	.	.	PUNCT
cblr-2937	1079	1	these	these	DET
cblr-2937	1079	2	claims	claim	NOUN
cblr-2937	1079	3	have	have	AUX
cblr-2937	1079	4	captured	capture	VERB
cblr-2937	1079	5	the	the	DET
cblr-2937	1079	6	imagination	imagination	NOUN
cblr-2937	1079	7	of	of	ADP
cblr-2937	1079	8	some	some	DET
cblr-2937	1079	9	commentators.238	commentators.238	NOUN
cblr-2937	1079	10	in	in	ADP
cblr-2937	1079	11	making	make	VERB
cblr-2937	1079	12	such	such	ADJ
cblr-2937	1079	13	claims	claim	NOUN
cblr-2937	1079	14	,	,	PUNCT
cblr-2937	1079	15	rating	rating	NOUN
cblr-2937	1079	16	agencies	agency	NOUN
cblr-2937	1079	17	invariably	invariably	ADV
cblr-2937	1079	18	ignore	ignore	VERB
cblr-2937	1079	19	the	the	DET
cblr-2937	1079	20	fact	fact	NOUN
cblr-2937	1079	21	that	that	SCONJ
cblr-2937	1079	22	the	the	DET
cblr-2937	1079	23	only	only	ADJ
cblr-2937	1079	24	supreme	supreme	PROPN
cblr-2937	1079	25	court	court	PROPN
cblr-2937	1079	26	case	case	NOUN
cblr-2937	1079	27	to	to	PART
cblr-2937	1079	28	evaluate	evaluate	VERB
cblr-2937	1079	29	first	first	ADJ
cblr-2937	1079	30	amendment	amendment	NOUN
cblr-2937	1079	31	claims	claim	NOUN
cblr-2937	1079	32	in	in	ADP
cblr-2937	1079	33	the	the	DET
cblr-2937	1079	34	context	context	NOUN
cblr-2937	1079	35	of	of	ADP
cblr-2937	1079	36	credit	credit	NOUN
cblr-2937	1079	37	reports	report	NOUN
cblr-2937	1079	38	,	,	PUNCT
cblr-2937	1079	39	dun	dun	PROPN
cblr-2937	1079	40	&	&	CCONJ
cblr-2937	1079	41	bradstreet	bradstreet	PROPN
cblr-2937	1079	42	,	,	PUNCT
cblr-2937	1079	43	inc	inc	PROPN
cblr-2937	1079	44	.	.	PROPN
cblr-2937	1079	45	v.	v.	ADP
cblr-2937	1079	46	greenmoss	greenmoss	ADJ
cblr-2937	1079	47	builders	builder	NOUN
cblr-2937	1079	48	,	,	PUNCT
cblr-2937	1079	49	inc	inc	PROPN
cblr-2937	1079	50	.	.	PROPN
cblr-2937	1079	51	,	,	PUNCT
cblr-2937	1079	52	239	239	NUM
cblr-2937	1079	53	reached	reach	VERB
cblr-2937	1079	54	precisely	precisely	ADV
cblr-2937	1079	55	the	the	DET
cblr-2937	1079	56	opposite	opposite	NOUN
cblr-2937	1079	57	of	of	ADP
cblr-2937	1079	58	the	the	DET
cblr-2937	1079	59	conclusion	conclusion	NOUN
cblr-2937	1079	60	the	the	DET
cblr-2937	1079	61	agencies	agency	NOUN
cblr-2937	1079	62	urge	urge	VERB
cblr-2937	1079	63	.	.	PUNCT
cblr-2937	1080	1	the	the	DET
cblr-2937	1080	2	court	court	NOUN
cblr-2937	1080	3	rejected	reject	VERB
cblr-2937	1080	4	a	a	DET
cblr-2937	1080	5	credit	credit	NOUN
cblr-2937	1080	6	-	-	PUNCT
cblr-2937	1080	7	report	report	NOUN
cblr-2937	1080	8	publisher	publisher	NOUN
cblr-2937	1080	9	's	's	PART
cblr-2937	1080	10	contention	contention	NOUN
cblr-2937	1080	11	that	that	SCONJ
cblr-2937	1080	12	the	the	DET
cblr-2937	1080	13	first	first	ADJ
cblr-2937	1080	14	amendment	amendment	NOUN
cblr-2937	1080	15	shielded	shield	VERB
cblr-2937	1080	16	it	it	PRON
cblr-2937	1080	17	from	from	ADP
cblr-2937	1080	18	defamation	defamation	NOUN
cblr-2937	1080	19	liability	liability	NOUN
cblr-2937	1080	20	233	233	NUM
cblr-2937	1080	21	2005	2005	NUM
cblr-2937	1080	22	senate	senate	PROPN
cblr-2937	1080	23	cra	cra	PROPN
cblr-2937	1080	24	hearings	hearing	NOUN
cblr-2937	1080	25	,	,	PUNCT
cblr-2937	1080	26	supra	supra	PROPN
cblr-2937	1080	27	note	note	NOUN
cblr-2937	1080	28	79	79	NUM
cblr-2937	1080	29	(	(	PUNCT
cblr-2937	1080	30	statement	statement	NOUN
cblr-2937	1080	31	of	of	ADP
cblr-2937	1080	32	stephen	stephen	PROPN
cblr-2937	1080	33	w.	w.	PROPN
cblr-2937	1080	34	joynt	joynt	PROPN
cblr-2937	1080	35	,	,	PUNCT
cblr-2937	1080	36	president	president	PROPN
cblr-2937	1080	37	&	&	CCONJ
cblr-2937	1080	38	ceo	ceo	PROPN
cblr-2937	1080	39	,	,	PUNCT
cblr-2937	1080	40	fitch	fitch	NOUN
cblr-2937	1080	41	ratings	rating	NOUN
cblr-2937	1080	42	)	)	PUNCT
cblr-2937	1080	43	.	.	PUNCT
cblr-2937	1081	1	234	234	NUM
cblr-2937	1081	2	senate	senate	PROPN
cblr-2937	1081	3	turmoil	turmoil	NOUN
cblr-2937	1081	4	hearings	hearing	NOUN
cblr-2937	1081	5	,	,	PUNCT
cblr-2937	1081	6	supra	supra	PROPN
cblr-2937	1081	7	note	note	PROPN
cblr-2937	1081	8	16	16	NUM
cblr-2937	1081	9	,	,	PUNCT
cblr-2937	1081	10	at	at	ADP
cblr-2937	1081	11	1	1	NUM
cblr-2937	1081	12	(	(	PUNCT
cblr-2937	1081	13	testimony	testimony	NOUN
cblr-2937	1081	14	of	of	ADP
cblr-2937	1081	15	john	john	PROPN
cblr-2937	1081	16	c.	c.	PROPN
cblr-2937	1081	17	coffee	coffee	PROPN
cblr-2937	1081	18	,	,	PUNCT
cblr-2937	1081	19	jr	jr	PROPN
cblr-2937	1081	20	.	.	PROPN
cblr-2937	1081	21	,	,	PUNCT
cblr-2937	1081	22	adolf	adolf	PROPN
cblr-2937	1081	23	a.	a.	PROPN
cblr-2937	1081	24	berle	berle	PROPN
cblr-2937	1081	25	professor	professor	PROPN
cblr-2937	1081	26	of	of	ADP
cblr-2937	1081	27	law	law	PROPN
cblr-2937	1081	28	,	,	PUNCT
cblr-2937	1081	29	columbia	columbia	PROPN
cblr-2937	1081	30	university	university	PROPN
cblr-2937	1081	31	law	law	NOUN
cblr-2937	1081	32	school	school	NOUN
cblr-2937	1081	33	)	)	PUNCT
cblr-2937	1081	34	.	.	PUNCT
cblr-2937	1082	1	23	23	NUM
cblr-2937	1082	2	legislative	legislative	ADJ
cblr-2937	1082	3	solutions	solution	NOUN
cblr-2937	1082	4	for	for	ADP
cblr-2937	1082	5	the	the	DET
cblr-2937	1082	6	rating	rating	NOUN
cblr-2937	1082	7	agency	agency	NOUN
cblr-2937	1082	8	duopoly	duopoly	ADJ
cblr-2937	1082	9	:	:	PUNCT
cblr-2937	1082	10	hearing	hear	VERB
cblr-2937	1082	11	before	before	ADP
cblr-2937	1082	12	the	the	DET
cblr-2937	1082	13	h.	h.	PROPN
cblr-2937	1082	14	subcomm	subcomm	PROPN
cblr-2937	1082	15	.	.	PUNCT
cblr-2937	1083	1	on	on	ADP
cblr-2937	1083	2	capital	capital	NOUN
cblr-2937	1083	3	mkts	mkts	NOUN
cblr-2937	1083	4	.	.	PUNCT
cblr-2937	1083	5	,	,	PUNCT
cblr-2937	1083	6	ins	ins	PROPN
cblr-2937	1083	7	.	.	PROPN
cblr-2937	1083	8	&	&	CCONJ
cblr-2937	1083	9	government	government	NOUN
cblr-2937	1083	10	sponsored	sponsor	VERB
cblr-2937	1083	11	enterprises	enterprise	NOUN
cblr-2937	1083	12	of	of	ADP
cblr-2937	1083	13	the	the	DET
cblr-2937	1083	14	comm	comm	NOUN
cblr-2937	1083	15	.	.	PUNCT
cblr-2937	1084	1	on	on	ADP
cblr-2937	1084	2	financial	financial	ADJ
cblr-2937	1084	3	servs	servs	NOUN
cblr-2937	1084	4	.	.	PUNCT
cblr-2937	1084	5	,	,	PUNCT
cblr-2937	1084	6	109th	109th	ADJ
cblr-2937	1084	7	cong	cong	NOUN
cblr-2937	1084	8	.	.	PUNCT
cblr-2937	1085	1	16	16	NUM
cblr-2937	1085	2	(	(	PUNCT
cblr-2937	1085	3	2005	2005	NUM
cblr-2937	1085	4	)	)	PUNCT
cblr-2937	1085	5	(	(	PUNCT
cblr-2937	1085	6	testimony	testimony	NOUN
cblr-2937	1085	7	of	of	ADP
cblr-2937	1085	8	rita	rita	PROPN
cblr-2937	1085	9	m.	m.	NOUN
cblr-2937	1085	10	bolger	bolger	PROPN
cblr-2937	1085	11	,	,	PUNCT
cblr-2937	1085	12	managing	manage	VERB
cblr-2937	1085	13	director	director	NOUN
cblr-2937	1085	14	&	&	CCONJ
cblr-2937	1085	15	assoc	assoc	PROPN
cblr-2937	1085	16	.	.	PUNCT
cblr-2937	1086	1	gen	gen	PROPN
cblr-2937	1086	2	.	.	PROPN
cblr-2937	1086	3	counsel	counsel	PROPN
cblr-2937	1086	4	,	,	PUNCT
cblr-2937	1086	5	s&p	s&p	PROPN
cblr-2937	1086	6	)	)	PUNCT
cblr-2937	1087	1	[	[	X
cblr-2937	1087	2	hereinafter	hereinafter	NOUN
cblr-2937	1087	3	2005	2005	NUM
cblr-2937	1087	4	bolger	bolger	NOUN
cblr-2937	1087	5	testimony	testimony	NOUN
cblr-2937	1087	6	]	]	X
cblr-2937	1087	7	;	;	PUNCT
cblr-2937	1087	8	2005	2005	NUM
cblr-2937	1087	9	senate	senate	PROPN
cblr-2937	1087	10	cra	cra	PROPN
cblr-2937	1087	11	hearings	hearing	NOUN
cblr-2937	1087	12	,	,	PUNCT
cblr-2937	1087	13	supra	supra	PROPN
cblr-2937	1087	14	note	note	NOUN
cblr-2937	1087	15	79	79	NUM
cblr-2937	1087	16	,	,	PUNCT
cblr-2937	1087	17	at	at	ADP
cblr-2937	1087	18	5	5	NUM
cblr-2937	1087	19	(	(	PUNCT
cblr-2937	1087	20	statement	statement	NOUN
cblr-2937	1087	21	of	of	ADP
cblr-2937	1087	22	stephen	stephen	PROPN
cblr-2937	1087	23	w.	w.	PROPN
cblr-2937	1087	24	joynt	joynt	PROPN
cblr-2937	1087	25	,	,	PUNCT
cblr-2937	1087	26	president	president	PROPN
cblr-2937	1087	27	&	&	CCONJ
cblr-2937	1087	28	ceo	ceo	PROPN
cblr-2937	1087	29	,	,	PUNCT
cblr-2937	1087	30	fitch	fitch	NOUN
cblr-2937	1087	31	ratings	rating	NOUN
cblr-2937	1087	32	)	)	PUNCT
cblr-2937	1087	33	(	(	PUNCT
cblr-2937	1087	34	"	"	PUNCT
cblr-2937	1087	35	[	[	X
cblr-2937	1087	36	r]ating	r]ate	VERB
cblr-2937	1087	37	agencies	agency	NOUN
cblr-2937	1087	38	.	.	PUNCT
cblr-2937	1087	39	.	.	PUNCT
cblr-2937	1087	40	.	.	PUNCT
cblr-2937	1088	1	function	function	NOUN
cblr-2937	1088	2	as	as	ADP
cblr-2937	1088	3	journalists	journalist	NOUN
cblr-2937	1088	4	and	and	CCONJ
cblr-2937	1088	5	thus	thus	ADV
cblr-2937	1088	6	should	should	AUX
cblr-2937	1088	7	be	be	AUX
cblr-2937	1088	8	awarded	award	VERB
cblr-2937	1088	9	the	the	DET
cblr-2937	1088	10	high	high	ADJ
cblr-2937	1088	11	level	level	NOUN
cblr-2937	1088	12	of	of	ADP
cblr-2937	1088	13	protection	protection	NOUN
cblr-2937	1088	14	guaranteed	guarantee	VERB
cblr-2937	1088	15	by	by	ADP
cblr-2937	1088	16	the	the	DET
cblr-2937	1088	17	first	first	ADJ
cblr-2937	1088	18	amendment	amendment	NOUN
cblr-2937	1088	19	.	.	PUNCT
cblr-2937	1088	20	"	"	PUNCT
cblr-2937	1088	21	)	)	PUNCT
cblr-2937	1088	22	.	.	PUNCT
cblr-2937	1089	1	236	236	NUM
cblr-2937	1089	2	s&p	s&p	PROPN
cblr-2937	1089	3	motion	motion	NOUN
cblr-2937	1089	4	to	to	PART
cblr-2937	1089	5	dismiss	dismiss	VERB
cblr-2937	1089	6	,	,	PUNCT
cblr-2937	1089	7	blomquist	blomquist	NOUN
cblr-2937	1089	8	action	action	NOUN
cblr-2937	1089	9	,	,	PUNCT
cblr-2937	1089	10	at	at	ADP
cblr-2937	1089	11	4	4	NUM
cblr-2937	1089	12	;	;	PUNCT
cblr-2937	1089	13	2005	2005	NUM
cblr-2937	1089	14	bolger	bolger	NOUN
cblr-2937	1089	15	testimony	testimony	NOUN
cblr-2937	1089	16	,	,	PUNCT
cblr-2937	1089	17	supra	supra	PROPN
cblr-2937	1089	18	note	note	NOUN
cblr-2937	1089	19	235	235	NUM
cblr-2937	1089	20	,	,	PUNCT
cblr-2937	1089	21	at	at	ADP
cblr-2937	1089	22	16	16	NUM
cblr-2937	1089	23	.	.	PUNCT
cblr-2937	1089	24	...	...	PUNCT
cblr-2937	1090	1	2005	2005	NUM
cblr-2937	1090	2	bolger	bolger	NOUN
cblr-2937	1090	3	testimony	testimony	NOUN
cblr-2937	1090	4	,	,	PUNCT
cblr-2937	1090	5	supra	supra	PROPN
cblr-2937	1090	6	note	note	NOUN
cblr-2937	1090	7	235	235	NUM
cblr-2937	1090	8	,	,	PUNCT
cblr-2937	1090	9	at	at	ADP
cblr-2937	1090	10	16	16	NUM
cblr-2937	1090	11	.	.	PUNCT
cblr-2937	1091	1	238	238	NUM
cblr-2937	1091	2	see	see	NOUN
cblr-2937	1091	3	,	,	PUNCT
cblr-2937	1091	4	e.g.	e.g.	ADV
cblr-2937	1091	5	,	,	PUNCT
cblr-2937	1091	6	husisian	husisian	ADJ
cblr-2937	1091	7	,	,	PUNCT
cblr-2937	1091	8	supra	supra	PROPN
cblr-2937	1091	9	note	note	NOUN
cblr-2937	1091	10	64	64	NUM
cblr-2937	1091	11	,	,	PUNCT
cblr-2937	1091	12	at	at	ADP
cblr-2937	1091	13	454	454	NUM
cblr-2937	1091	14	(	(	PUNCT
cblr-2937	1091	15	"	"	PUNCT
cblr-2937	1091	16	[	[	X
cblr-2937	1091	17	blond	blond	ADJ
cblr-2937	1091	18	ratings	rating	NOUN
cblr-2937	1091	19	are	be	AUX
cblr-2937	1091	20	indeed	indeed	ADV
cblr-2937	1091	21	the	the	DET
cblr-2937	1091	22	world	world	NOUN
cblr-2937	1091	23	's	's	PART
cblr-2937	1091	24	shortest	short	ADJ
cblr-2937	1091	25	editorials	editorial	NOUN
cblr-2937	1091	26	.	.	PUNCT
cblr-2937	1092	1	as	as	ADP
cblr-2937	1092	2	editorials	editorial	NOUN
cblr-2937	1092	3	,	,	PUNCT
cblr-2937	1092	4	courts	court	NOUN
cblr-2937	1092	5	should	should	AUX
cblr-2937	1092	6	grant	grant	VERB
cblr-2937	1092	7	them	they	PRON
cblr-2937	1092	8	the	the	DET
cblr-2937	1092	9	same	same	ADJ
cblr-2937	1092	10	deference	deference	NOUN
cblr-2937	1092	11	they	they	PRON
cblr-2937	1092	12	grant	grant	VERB
cblr-2937	1092	13	any	any	DET
cblr-2937	1092	14	other	other	ADJ
cblr-2937	1092	15	protected	protect	VERB
cblr-2937	1092	16	first	first	ADJ
cblr-2937	1092	17	amendment	amendment	NOUN
cblr-2937	1092	18	publication	publication	NOUN
cblr-2937	1092	19	.	.	PUNCT
cblr-2937	1093	1	"	"	PUNCT
cblr-2937	1093	2	)	)	PUNCT
cblr-2937	1093	3	;	;	PUNCT
cblr-2937	1093	4	dittrich	dittrich	PRON
cblr-2937	1093	5	,	,	PUNCT
cblr-2937	1093	6	supra	supra	PROPN
cblr-2937	1093	7	note	note	NOUN
cblr-2937	1093	8	12	12	NUM
cblr-2937	1093	9	,	,	PUNCT
cblr-2937	1093	10	at	at	ADP
cblr-2937	1093	11	142	142	NUM
cblr-2937	1093	12	-	-	SYM
cblr-2937	1093	13	43	43	NUM
cblr-2937	1093	14	(	(	PUNCT
cblr-2937	1093	15	"	"	PUNCT
cblr-2937	1093	16	in	in	ADP
cblr-2937	1093	17	the	the	DET
cblr-2937	1093	18	usa	usa	PROPN
cblr-2937	1093	19	,	,	PUNCT
cblr-2937	1093	20	e.g	e.g	PROPN
cblr-2937	1093	21	,	,	PUNCT
cblr-2937	1093	22	ratings	rating	NOUN
cblr-2937	1093	23	are	be	AUX
cblr-2937	1093	24	considered	consider	VERB
cblr-2937	1093	25	as	as	ADP
cblr-2937	1093	26	opinions	opinion	NOUN
cblr-2937	1093	27	protected	protect	VERB
cblr-2937	1093	28	by	by	ADP
cblr-2937	1093	29	the	the	DET
cblr-2937	1093	30	first	first	ADJ
cblr-2937	1093	31	amendment	amendment	NOUN
cblr-2937	1093	32	...	...	PUNCT
cblr-2937	1094	1	239	239	NUM
cblr-2937	1094	2	472	472	NUM
cblr-2937	1094	3	u.s	u.s	PROPN
cblr-2937	1094	4	.	.	PROPN
cblr-2937	1094	5	749	749	NUM
cblr-2937	1094	6	(	(	PUNCT
cblr-2937	1094	7	1985	1985	NUM
cblr-2937	1094	8	)	)	PUNCT
cblr-2937	1094	9	.	.	PUNCT
cblr-2937	1095	1	no	no	INTJ
cblr-2937	1095	2	.	.	NOUN
cblr-2937	1096	1	1	1	NUM
cblr-2937	1096	2	:	:	SYM
cblr-2937	1096	3	109	109	NUM
cblr-2937	1096	4	]	]	SYM
cblr-2937	1096	5	184	184	NUM
cblr-2937	1096	6	columbia	columbia	PROPN
cblr-2937	1096	7	business	business	NOUN
cblr-2937	1096	8	law	law	PROPN
cblr-2937	1096	9	review	review	NOUN
cblr-2937	1097	1	[	[	X
cblr-2937	1097	2	vol	vol	NOUN
cblr-2937	1097	3	.	.	PUNCT
cblr-2937	1097	4	2009	2009	NUM
cblr-2937	1097	5	absent	absent	ADJ
cblr-2937	1097	6	a	a	DET
cblr-2937	1097	7	showing	showing	NOUN
cblr-2937	1097	8	of	of	ADP
cblr-2937	1097	9	actual	actual	ADJ
cblr-2937	1097	10	malice.24	malice.24	NOUN
cblr-2937	1097	11	°	°	NUM
cblr-2937	1097	12	five	five	NUM
cblr-2937	1097	13	justices	justice	NOUN
cblr-2937	1097	14	agreed	agree	VERB
cblr-2937	1097	15	that	that	SCONJ
cblr-2937	1097	16	the	the	DET
cblr-2937	1097	17	report	report	NOUN
cblr-2937	1097	18	,	,	PUNCT
cblr-2937	1097	19	which	which	PRON
cblr-2937	1097	20	was	be	AUX
cblr-2937	1097	21	"	"	PUNCT
cblr-2937	1097	22	solely	solely	ADV
cblr-2937	1097	23	motivated	motivated	ADJ
cblr-2937	1097	24	by	by	ADP
cblr-2937	1097	25	the	the	DET
cblr-2937	1097	26	desire	desire	NOUN
cblr-2937	1097	27	for	for	ADP
cblr-2937	1097	28	profit"24	profit"24	NOUN
cblr-2937	1097	29	'	'	PUNCT
cblr-2937	1097	30	and	and	CCONJ
cblr-2937	1097	31	"	"	PUNCT
cblr-2937	1097	32	[	[	X
cblr-2937	1097	33	a]rguably	a]rguably	X
cblr-2937	1097	34	...	...	PUNCT
cblr-2937	1097	35	more	more	ADV
cblr-2937	1097	36	objectively	objectively	ADV
cblr-2937	1097	37	verifiable	verifiable	ADJ
cblr-2937	1097	38	than	than	ADP
cblr-2937	1097	39	speech	speech	NOUN
cblr-2937	1097	40	deserving	deserving	ADJ
cblr-2937	1097	41	of	of	ADP
cblr-2937	1097	42	greater	great	ADJ
cblr-2937	1097	43	protection,"242	protection,"242	PROPN
cblr-2937	1097	44	was	be	AUX
cblr-2937	1097	45	not	not	PART
cblr-2937	1097	46	speech	speech	NOUN
cblr-2937	1097	47	on	on	ADP
cblr-2937	1097	48	a	a	DET
cblr-2937	1097	49	"	"	PUNCT
cblr-2937	1097	50	matter	matter	NOUN
cblr-2937	1097	51	of	of	ADP
cblr-2937	1097	52	public	public	ADJ
cblr-2937	1097	53	concern	concern	NOUN
cblr-2937	1097	54	.	.	PUNCT
cblr-2937	1098	1	"243	"243	NOUN
cblr-2937	1099	1	it	it	PRON
cblr-2937	1099	2	certainly	certainly	ADV
cblr-2937	1099	3	is	be	AUX
cblr-2937	1099	4	debatable	debatable	ADJ
cblr-2937	1099	5	whether	whether	SCONJ
cblr-2937	1099	6	a	a	DET
cblr-2937	1099	7	court	court	NOUN
cblr-2937	1099	8	evaluating	evaluate	VERB
cblr-2937	1099	9	a	a	DET
cblr-2937	1099	10	contemporary	contemporary	ADJ
cblr-2937	1099	11	challenge	challenge	NOUN
cblr-2937	1099	12	to	to	ADP
cblr-2937	1099	13	rating	rating	NOUN
cblr-2937	1099	14	-	-	PUNCT
cblr-2937	1099	15	agency	agency	NOUN
cblr-2937	1099	16	liability	liability	NOUN
cblr-2937	1099	17	for	for	ADP
cblr-2937	1099	18	poorquality	poorquality	NOUN
cblr-2937	1099	19	ratings	rating	NOUN
cblr-2937	1099	20	would	would	AUX
cblr-2937	1099	21	reach	reach	VERB
cblr-2937	1099	22	the	the	DET
cblr-2937	1099	23	same	same	ADJ
cblr-2937	1099	24	conclusion	conclusion	NOUN
cblr-2937	1099	25	the	the	DET
cblr-2937	1099	26	court	court	NOUN
cblr-2937	1099	27	reached	reach	VERB
cblr-2937	1099	28	in	in	ADP
cblr-2937	1099	29	dun	dun	PROPN
cblr-2937	1099	30	&	&	CCONJ
cblr-2937	1099	31	bradstreet	bradstreet	PROPN
cblr-2937	1099	32	,	,	PUNCT
cblr-2937	1099	33	for	for	ADP
cblr-2937	1099	34	several	several	ADJ
cblr-2937	1099	35	reasons	reason	NOUN
cblr-2937	1099	36	.	.	PUNCT
cblr-2937	1100	1	the	the	DET
cblr-2937	1100	2	credit	credit	NOUN
cblr-2937	1100	3	report	report	NOUN
cblr-2937	1100	4	in	in	ADP
cblr-2937	1100	5	dun	dun	PROPN
cblr-2937	1100	6	&	&	CCONJ
cblr-2937	1100	7	bradstreet	bradstreet	PROPN
cblr-2937	1100	8	was	be	AUX
cblr-2937	1100	9	distributed	distribute	VERB
cblr-2937	1100	10	to	to	ADP
cblr-2937	1100	11	only	only	ADV
cblr-2937	1100	12	five	five	NUM
cblr-2937	1100	13	subscribers	subscriber	NOUN
cblr-2937	1100	14	,	,	PUNCT
cblr-2937	1100	15	all	all	PRON
cblr-2937	1100	16	of	of	ADP
cblr-2937	1100	17	whom	whom	PRON
cblr-2937	1100	18	were	be	AUX
cblr-2937	1100	19	prohibited	prohibit	VERB
cblr-2937	1100	20	by	by	ADP
cblr-2937	1100	21	contract	contract	NOUN
cblr-2937	1100	22	from	from	ADP
cblr-2937	1100	23	disseminating	disseminate	VERB
cblr-2937	1100	24	it	it	PRON
cblr-2937	1100	25	further,244	further,244	PROPN
cblr-2937	1101	1	and	and	CCONJ
cblr-2937	1101	2	it	it	PRON
cblr-2937	1101	3	falsely	falsely	ADV
cblr-2937	1101	4	reported	report	VERB
cblr-2937	1101	5	the	the	DET
cblr-2937	1101	6	bankruptcy	bankruptcy	NOUN
cblr-2937	1101	7	of	of	ADP
cblr-2937	1101	8	a	a	DET
cblr-2937	1101	9	construction	construction	NOUN
cblr-2937	1101	10	contractor	contractor	NOUN
cblr-2937	1101	11	in	in	ADP
cblr-2937	1101	12	vermont	vermont	PROPN
cblr-2937	1101	13	.	.	PUNCT
cblr-2937	1102	1	245	245	NUM
cblr-2937	1102	2	the	the	DET
cblr-2937	1102	3	contrast	contrast	NOUN
cblr-2937	1102	4	in	in	ADP
cblr-2937	1102	5	significance	significance	NOUN
cblr-2937	1102	6	from	from	ADP
cblr-2937	1102	7	matters	matter	NOUN
cblr-2937	1102	8	affecting	affect	VERB
cblr-2937	1102	9	the	the	DET
cblr-2937	1102	10	integrity	integrity	NOUN
cblr-2937	1102	11	of	of	ADP
cblr-2937	1102	12	the	the	DET
cblr-2937	1102	13	global	global	ADJ
cblr-2937	1102	14	financial	financial	ADJ
cblr-2937	1102	15	markets	market	NOUN
cblr-2937	1102	16	could	could	AUX
cblr-2937	1102	17	not	not	PART
cblr-2937	1102	18	be	be	AUX
cblr-2937	1102	19	starker	stark	ADJ
cblr-2937	1102	20	(	(	PUNCT
cblr-2937	1102	21	although	although	SCONJ
cblr-2937	1102	22	great	great	ADJ
cblr-2937	1102	23	significance	significance	NOUN
cblr-2937	1102	24	would	would	AUX
cblr-2937	1102	25	not	not	PART
cblr-2937	1102	26	necessarily	necessarily	ADV
cblr-2937	1102	27	in	in	ADP
cblr-2937	1102	28	itself	itself	PRON
cblr-2937	1102	29	render	render	VERB
cblr-2937	1102	30	the	the	DET
cblr-2937	1102	31	subject	subject	NOUN
cblr-2937	1102	32	of	of	ADP
cblr-2937	1102	33	speech	speech	NOUN
cblr-2937	1102	34	a	a	DET
cblr-2937	1102	35	"	"	PUNCT
cblr-2937	1102	36	matter	matter	NOUN
cblr-2937	1102	37	of	of	ADP
cblr-2937	1102	38	public	public	ADJ
cblr-2937	1102	39	concern	concern	NOUN
cblr-2937	1102	40	"	"	PUNCT
cblr-2937	1102	41	under	under	ADP
cblr-2937	1102	42	the	the	DET
cblr-2937	1102	43	court	court	NOUN
cblr-2937	1102	44	's	's	PART
cblr-2937	1102	45	analysis).246	analysis).246	NOUN
cblr-2937	1102	46	in	in	ADP
cblr-2937	1102	47	addition	addition	NOUN
cblr-2937	1102	48	,	,	PUNCT
cblr-2937	1102	49	the	the	DET
cblr-2937	1102	50	case	case	NOUN
cblr-2937	1102	51	dealt	deal	VERB
cblr-2937	1102	52	with	with	ADP
cblr-2937	1102	53	a	a	DET
cblr-2937	1102	54	false	false	ADJ
cblr-2937	1102	55	240	240	NUM
cblr-2937	1102	56	dun	dun	PROPN
cblr-2937	1102	57	&	&	CCONJ
cblr-2937	1102	58	bradstreet	bradstreet	PROPN
cblr-2937	1102	59	,	,	PUNCT
cblr-2937	1102	60	inc	inc	PROPN
cblr-2937	1102	61	.	.	PROPN
cblr-2937	1103	1	v.	v.	ADP
cblr-2937	1103	2	greenmoss	greenmoss	ADJ
cblr-2937	1103	3	builders	builder	NOUN
cblr-2937	1103	4	,	,	PUNCT
cblr-2937	1103	5	inc	inc	PROPN
cblr-2937	1103	6	.	.	PROPN
cblr-2937	1103	7	,	,	PUNCT
cblr-2937	1103	8	472	472	NUM
cblr-2937	1103	9	u.s	u.s	PROPN
cblr-2937	1103	10	.	.	PROPN
cblr-2937	1103	11	749	749	NUM
cblr-2937	1103	12	,	,	PUNCT
cblr-2937	1103	13	763	763	NUM
cblr-2937	1103	14	(	(	PUNCT
cblr-2937	1103	15	1985	1985	NUM
cblr-2937	1103	16	)	)	PUNCT
cblr-2937	1103	17	.	.	PUNCT
cblr-2937	1104	1	141	141	NUM
cblr-2937	1105	1	i	i	PRON
cblr-2937	1105	2	d.	d.	NOUN
cblr-2937	1105	3	at	at	ADP
cblr-2937	1105	4	762	762	NUM
cblr-2937	1105	5	.	.	PUNCT
cblr-2937	1106	1	the	the	DET
cblr-2937	1106	2	quotations	quotation	NOUN
cblr-2937	1106	3	are	be	AUX
cblr-2937	1106	4	from	from	ADP
cblr-2937	1106	5	the	the	DET
cblr-2937	1106	6	lead	lead	ADJ
cblr-2937	1106	7	opinion	opinion	NOUN
cblr-2937	1106	8	of	of	ADP
cblr-2937	1106	9	justice	justice	PROPN
cblr-2937	1106	10	powell	powell	PROPN
cblr-2937	1106	11	,	,	PUNCT
cblr-2937	1106	12	which	which	PRON
cblr-2937	1106	13	justices	justice	NOUN
cblr-2937	1106	14	rehnquist	rehnquist	NOUN
cblr-2937	1106	15	and	and	CCONJ
cblr-2937	1106	16	o'connor	o'connor	PROPN
cblr-2937	1106	17	joined	join	VERB
cblr-2937	1106	18	.	.	PUNCT
cblr-2937	1107	1	chief	chief	ADJ
cblr-2937	1107	2	justice	justice	NOUN
cblr-2937	1107	3	burger	burger	NOUN
cblr-2937	1107	4	and	and	CCONJ
cblr-2937	1107	5	justice	justice	NOUN
cblr-2937	1107	6	white	white	PROPN
cblr-2937	1107	7	each	each	PRON
cblr-2937	1107	8	concurred	concur	VERB
cblr-2937	1107	9	separately	separately	ADV
cblr-2937	1107	10	,	,	PUNCT
cblr-2937	1107	11	and	and	CCONJ
cblr-2937	1107	12	each	each	PRON
cblr-2937	1107	13	agreed	agree	VERB
cblr-2937	1107	14	that	that	SCONJ
cblr-2937	1107	15	the	the	DET
cblr-2937	1107	16	credit	credit	NOUN
cblr-2937	1107	17	report	report	NOUN
cblr-2937	1107	18	at	at	ADP
cblr-2937	1107	19	issue	issue	NOUN
cblr-2937	1107	20	did	do	AUX
cblr-2937	1107	21	not	not	PART
cblr-2937	1107	22	address	address	VERB
cblr-2937	1107	23	a	a	DET
cblr-2937	1107	24	matter	matter	NOUN
cblr-2937	1107	25	of	of	ADP
cblr-2937	1107	26	public	public	ADJ
cblr-2937	1107	27	concern	concern	NOUN
cblr-2937	1107	28	.	.	PUNCT
cblr-2937	1108	1	i	i	PRON
cblr-2937	1108	2	d.	d.	PROPN
cblr-2937	1108	3	at	at	ADP
cblr-2937	1108	4	764	764	NUM
cblr-2937	1108	5	,	,	PUNCT
cblr-2937	1108	6	774	774	NUM
cblr-2937	1108	7	.	.	PUNCT
cblr-2937	1108	8	242	242	NUM
cblr-2937	1109	1	i	i	PRON
cblr-2937	1109	2	d.	d.	VERB
cblr-2937	1109	3	at	at	ADP
cblr-2937	1109	4	762	762	NUM
cblr-2937	1109	5	.	.	PUNCT
cblr-2937	1110	1	24	24	NUM
cblr-2937	1111	1	i	i	PRON
cblr-2937	1111	2	d.	d.	NOUN
cblr-2937	1111	3	at	at	ADP
cblr-2937	1111	4	761	761	NUM
cblr-2937	1111	5	-	-	SYM
cblr-2937	1111	6	62	62	NUM
cblr-2937	1111	7	.	.	PUNCT
cblr-2937	1112	1	244	244	NUM
cblr-2937	1113	1	i	i	PRON
cblr-2937	1113	2	d.	d.	PROPN
cblr-2937	1113	3	at	at	ADP
cblr-2937	1113	4	751	751	NUM
cblr-2937	1113	5	.	.	PUNCT
cblr-2937	1114	1	245	245	NUM
cblr-2937	1114	2	i	i	PRON
cblr-2937	1114	3	d.	d.	VERB
cblr-2937	1114	4	at	at	ADP
cblr-2937	1114	5	751	751	NUM
cblr-2937	1114	6	-	-	SYM
cblr-2937	1114	7	52	52	NUM
cblr-2937	1114	8	.	.	PUNCT
cblr-2937	1115	1	246	246	NUM
cblr-2937	1115	2	the	the	DET
cblr-2937	1115	3	court	court	NOUN
cblr-2937	1115	4	did	do	AUX
cblr-2937	1115	5	not	not	PART
cblr-2937	1115	6	set	set	VERB
cblr-2937	1115	7	forth	forth	ADP
cblr-2937	1115	8	a	a	DET
cblr-2937	1115	9	comprehensive	comprehensive	ADJ
cblr-2937	1115	10	definition	definition	NOUN
cblr-2937	1115	11	of	of	ADP
cblr-2937	1115	12	"	"	PUNCT
cblr-2937	1115	13	matter	matter	NOUN
cblr-2937	1115	14	of	of	ADP
cblr-2937	1115	15	public	public	ADJ
cblr-2937	1115	16	concern	concern	NOUN
cblr-2937	1115	17	"	"	PUNCT
cblr-2937	1115	18	in	in	ADP
cblr-2937	1115	19	dun	dun	PROPN
cblr-2937	1115	20	&	&	CCONJ
cblr-2937	1115	21	bradstreet	bradstreet	PROPN
cblr-2937	1115	22	,	,	PUNCT
cblr-2937	1115	23	but	but	CCONJ
cblr-2937	1115	24	it	it	PRON
cblr-2937	1115	25	suggested	suggest	VERB
cblr-2937	1115	26	that	that	SCONJ
cblr-2937	1115	27	speech	speech	NOUN
cblr-2937	1115	28	that	that	PRON
cblr-2937	1115	29	touches	touch	VERB
cblr-2937	1115	30	on	on	ADP
cblr-2937	1115	31	political	political	ADJ
cblr-2937	1115	32	and	and	CCONJ
cblr-2937	1115	33	social	social	ADJ
cblr-2937	1115	34	concerns	concern	NOUN
cblr-2937	1115	35	,	,	PUNCT
cblr-2937	1115	36	rather	rather	ADV
cblr-2937	1115	37	than	than	ADP
cblr-2937	1115	38	purely	purely	ADV
cblr-2937	1115	39	economic	economic	ADJ
cblr-2937	1115	40	ones	one	NOUN
cblr-2937	1115	41	,	,	PUNCT
cblr-2937	1115	42	is	be	AUX
cblr-2937	1115	43	more	more	ADV
cblr-2937	1115	44	likely	likely	ADV
cblr-2937	1115	45	meet	meet	VERB
cblr-2937	1115	46	the	the	DET
cblr-2937	1115	47	test	test	NOUN
cblr-2937	1115	48	.	.	PUNCT
cblr-2937	1116	1	see	see	VERB
cblr-2937	1116	2	dun	dun	PROPN
cblr-2937	1116	3	&	&	CCONJ
cblr-2937	1116	4	bradstreet	bradstreet	PROPN
cblr-2937	1116	5	,	,	PUNCT
cblr-2937	1116	6	472	472	NUM
cblr-2937	1116	7	u.s	u.s	PROPN
cblr-2937	1116	8	.	.	PROPN
cblr-2937	1116	9	at	at	ADP
cblr-2937	1116	10	755	755	NUM
cblr-2937	1116	11	(	(	PUNCT
cblr-2937	1116	12	"	"	PUNCT
cblr-2937	1116	13	[	[	X
cblr-2937	1116	14	fireedom	fireedom	NOUN
cblr-2937	1116	15	of	of	ADP
cblr-2937	1116	16	expression	expression	NOUN
cblr-2937	1116	17	upon	upon	SCONJ
cblr-2937	1116	18	public	public	ADJ
cblr-2937	1116	19	questions	question	NOUN
cblr-2937	1116	20	is	be	AUX
cblr-2937	1116	21	secured	secure	VERB
cblr-2937	1116	22	by	by	ADP
cblr-2937	1116	23	the	the	DET
cblr-2937	1116	24	first	first	ADJ
cblr-2937	1116	25	amendment	amendment	NOUN
cblr-2937	1116	26	"	"	PUNCT
cblr-2937	1116	27	and	and	CCONJ
cblr-2937	1116	28	"	"	PUNCT
cblr-2937	1116	29	debate	debate	NOUN
cblr-2937	1116	30	on	on	ADP
cblr-2937	1116	31	public	public	ADJ
cblr-2937	1116	32	issues	issue	NOUN
cblr-2937	1116	33	should	should	AUX
cblr-2937	1116	34	be	be	AUX
cblr-2937	1116	35	uninhibited	uninhibite	VERB
cblr-2937	1116	36	,	,	PUNCT
cblr-2937	1116	37	robust	robust	ADJ
cblr-2937	1116	38	,	,	PUNCT
cblr-2937	1116	39	and	and	CCONJ
cblr-2937	1116	40	wide	wide	ADV
cblr-2937	1116	41	-	-	PUNCT
cblr-2937	1116	42	open	open	ADJ
cblr-2937	1116	43	.	.	PUNCT
cblr-2937	1116	44	"	"	PUNCT
cblr-2937	1117	1	(	(	PUNCT
cblr-2937	1117	2	citations	citation	NOUN
cblr-2937	1117	3	and	and	CCONJ
cblr-2937	1117	4	quotations	quotation	NOUN
cblr-2937	1117	5	omitted	omit	VERB
cblr-2937	1117	6	)	)	PUNCT
cblr-2937	1117	7	)	)	PUNCT
cblr-2937	1117	8	;	;	PUNCT
cblr-2937	1117	9	i	i	PRON
cblr-2937	1117	10	d.	d.	PROPN
cblr-2937	1117	11	at	at	ADP
cblr-2937	1117	12	759	759	NUM
cblr-2937	1117	13	(	(	PUNCT
cblr-2937	1117	14	"	"	PUNCT
cblr-2937	1117	15	the	the	DET
cblr-2937	1117	16	first	first	ADJ
cblr-2937	1117	17	amendment	amendment	NOUN
cblr-2937	1117	18	'	'	PUNCT
cblr-2937	1117	19	was	be	AUX
cblr-2937	1117	20	fashioned	fashion	VERB
cblr-2937	1117	21	to	to	PART
cblr-2937	1117	22	assure	assure	VERB
cblr-2937	1117	23	unfettered	unfettered	ADJ
cblr-2937	1117	24	interchange	interchange	NOUN
cblr-2937	1117	25	of	of	ADP
cblr-2937	1117	26	ideas	idea	NOUN
cblr-2937	1117	27	for	for	ADP
cblr-2937	1117	28	the	the	DET
cblr-2937	1117	29	bringing	bringing	NOUN
cblr-2937	1117	30	about	about	ADP
cblr-2937	1117	31	of	of	ADP
cblr-2937	1117	32	political	political	ADJ
cblr-2937	1117	33	and	and	CCONJ
cblr-2937	1117	34	social	social	ADJ
cblr-2937	1117	35	changes	change	NOUN
cblr-2937	1117	36	desired	desire	VERB
cblr-2937	1117	37	by	by	ADP
cblr-2937	1117	38	the	the	DET
cblr-2937	1117	39	people	people	NOUN
cblr-2937	1117	40	.	.	PUNCT
cblr-2937	1117	41	'	'	PUNCT
cblr-2937	1117	42	...	...	PUNCT
cblr-2937	1118	1	'	'	PUNCT
cblr-2937	1118	2	[	[	X
cblr-2937	1118	3	sipeech	sipeech	NOUN
cblr-2937	1118	4	concerning	concern	VERB
cblr-2937	1118	5	public	public	ADJ
cblr-2937	1118	6	affairs	affair	NOUN
cblr-2937	1118	7	is	be	AUX
cblr-2937	1118	8	more	more	ADJ
cblr-2937	1118	9	than	than	ADP
cblr-2937	1118	10	selfexpression	selfexpression	NOUN
cblr-2937	1118	11	;	;	PUNCT
cblr-2937	1118	12	it	it	PRON
cblr-2937	1118	13	is	be	AUX
cblr-2937	1118	14	the	the	DET
cblr-2937	1118	15	essence	essence	NOUN
cblr-2937	1118	16	of	of	ADP
cblr-2937	1118	17	self	self	NOUN
cblr-2937	1118	18	-	-	PUNCT
cblr-2937	1118	19	government	government	NOUN
cblr-2937	1118	20	.	.	PUNCT
cblr-2937	1118	21	'	'	PUNCT
cblr-2937	1118	22	"	"	PUNCT
cblr-2937	1119	1	(	(	PUNCT
cblr-2937	1119	2	citations	citation	NOUN
cblr-2937	1119	3	omitted	omit	VERB
cblr-2937	1119	4	)	)	PUNCT
cblr-2937	1119	5	)	)	PUNCT
cblr-2937	1119	6	;	;	PUNCT
cblr-2937	1119	7	i	i	PRON
cblr-2937	1119	8	d.	d.	PROPN
cblr-2937	1119	9	at	at	ADP
cblr-2937	1119	10	759	759	NUM
cblr-2937	1119	11	n.5	n.5	PRON
cblr-2937	1119	12	(	(	PUNCT
cblr-2937	1119	13	economic	economic	ADJ
cblr-2937	1119	14	communications	communication	NOUN
cblr-2937	1119	15	such	such	ADJ
cblr-2937	1119	16	as	as	ADP
cblr-2937	1119	17	"	"	PUNCT
cblr-2937	1119	18	exchange	exchange	NOUN
cblr-2937	1119	19	of	of	ADP
cblr-2937	1119	20	information	information	NOUN
cblr-2937	1119	21	about	about	ADP
cblr-2937	1119	22	credit	credit	NOUN
cblr-2937	1119	23	rating	rating	NOUN
cblr-2937	1119	24	agencies	agency	NOUN
cblr-2937	1119	25	statement	statement	NOUN
cblr-2937	1119	26	of	of	ADP
cblr-2937	1119	27	fact	fact	NOUN
cblr-2937	1119	28	,	,	PUNCT
cblr-2937	1119	29	not	not	PART
cblr-2937	1119	30	an	an	DET
cblr-2937	1119	31	opinion	opinion	NOUN
cblr-2937	1119	32	,	,	PUNCT
cblr-2937	1119	33	24	24	NUM
cblr-2937	1119	34	'	'	PUNCT
cblr-2937	1119	35	and	and	CCONJ
cblr-2937	1119	36	the	the	DET
cblr-2937	1119	37	court	court	NOUN
cblr-2937	1119	38	left	leave	VERB
cblr-2937	1119	39	open	open	VERB
cblr-2937	1119	40	the	the	DET
cblr-2937	1119	41	possibility	possibility	NOUN
cblr-2937	1119	42	that	that	SCONJ
cblr-2937	1119	43	credit	credit	NOUN
cblr-2937	1119	44	assessments	assessment	NOUN
cblr-2937	1119	45	other	other	ADJ
cblr-2937	1119	46	than	than	ADP
cblr-2937	1119	47	the	the	DET
cblr-2937	1119	48	one	one	NOUN
cblr-2937	1119	49	before	before	SCONJ
cblr-2937	1119	50	it	it	PRON
cblr-2937	1119	51	might	might	AUX
cblr-2937	1119	52	receive	receive	VERB
cblr-2937	1119	53	a	a	DET
cblr-2937	1119	54	greater	great	ADJ
cblr-2937	1119	55	degree	degree	NOUN
cblr-2937	1119	56	of	of	ADP
cblr-2937	1119	57	first	first	ADJ
cblr-2937	1119	58	amendment	amendment	NOUN
cblr-2937	1119	59	protection.248	protection.248	NOUN
cblr-2937	1119	60	more	more	ADV
cblr-2937	1119	61	generally	generally	ADV
cblr-2937	1119	62	,	,	PUNCT
cblr-2937	1119	63	the	the	DET
cblr-2937	1119	64	court	court	NOUN
cblr-2937	1119	65	may	may	AUX
cblr-2937	1119	66	have	have	AUX
cblr-2937	1119	67	become	become	VERB
cblr-2937	1119	68	more	more	ADV
cblr-2937	1119	69	inclined	inclined	ADJ
cblr-2937	1119	70	to	to	PART
cblr-2937	1119	71	protect	protect	VERB
cblr-2937	1119	72	speech	speech	NOUN
cblr-2937	1119	73	rendered	render	VERB
cblr-2937	1119	74	in	in	ADP
cblr-2937	1119	75	a	a	DET
cblr-2937	1119	76	purely	purely	ADV
cblr-2937	1119	77	commercial	commercial	ADJ
cblr-2937	1119	78	context	context	NOUN
cblr-2937	1119	79	over	over	ADP
cblr-2937	1119	80	the	the	DET
cblr-2937	1119	81	intervening	intervene	VERB
cblr-2937	1119	82	decades	decade	NOUN
cblr-2937	1119	83	.	.	PUNCT
cblr-2937	1120	1	the	the	DET
cblr-2937	1120	2	key	key	ADJ
cblr-2937	1120	3	point	point	NOUN
cblr-2937	1120	4	,	,	PUNCT
cblr-2937	1120	5	though	though	ADV
cblr-2937	1120	6	,	,	PUNCT
cblr-2937	1120	7	is	be	AUX
cblr-2937	1120	8	that	that	SCONJ
cblr-2937	1120	9	in	in	ADP
cblr-2937	1120	10	dun	dun	PROPN
cblr-2937	1120	11	&	&	CCONJ
cblr-2937	1120	12	bradstreet	bradstreet	PROPN
cblr-2937	1120	13	,	,	PUNCT
cblr-2937	1120	14	the	the	DET
cblr-2937	1120	15	existence	existence	NOUN
cblr-2937	1120	16	of	of	ADP
cblr-2937	1120	17	a	a	DET
cblr-2937	1120	18	first	first	ADJ
cblr-2937	1120	19	amendment	amendment	NOUN
cblr-2937	1120	20	limit	limit	NOUN
cblr-2937	1120	21	on	on	ADP
cblr-2937	1120	22	regulation	regulation	NOUN
cblr-2937	1120	23	in	in	ADP
cblr-2937	1120	24	the	the	DET
cblr-2937	1120	25	credit	credit	NOUN
cblr-2937	1120	26	context	context	NOUN
cblr-2937	1120	27	turned	turn	VERB
cblr-2937	1120	28	on	on	ADP
cblr-2937	1120	29	the	the	DET
cblr-2937	1120	30	fact	fact	NOUN
cblr-2937	1120	31	-	-	PUNCT
cblr-2937	1120	32	specific	specific	ADJ
cblr-2937	1120	33	determination	determination	NOUN
cblr-2937	1120	34	securities	security	NOUN
cblr-2937	1120	35	,	,	PUNCT
cblr-2937	1120	36	corporate	corporate	ADJ
cblr-2937	1120	37	proxy	proxy	ADJ
cblr-2937	1120	38	statements	statement	NOUN
cblr-2937	1120	39	,	,	PUNCT
cblr-2937	1120	40	the	the	DET
cblr-2937	1120	41	exchange	exchange	NOUN
cblr-2937	1120	42	of	of	ADP
cblr-2937	1120	43	price	price	NOUN
cblr-2937	1120	44	and	and	CCONJ
cblr-2937	1120	45	production	production	NOUN
cblr-2937	1120	46	information	information	NOUN
cblr-2937	1120	47	among	among	ADP
cblr-2937	1120	48	competitors	competitor	NOUN
cblr-2937	1120	49	,	,	PUNCT
cblr-2937	1120	50	and	and	CCONJ
cblr-2937	1120	51	employers	employer	NOUN
cblr-2937	1120	52	'	'	PART
cblr-2937	1120	53	threats	threat	NOUN
cblr-2937	1120	54	of	of	ADP
cblr-2937	1120	55	retaliation	retaliation	NOUN
cblr-2937	1120	56	for	for	ADP
cblr-2937	1120	57	the	the	DET
cblr-2937	1120	58	labor	labor	NOUN
cblr-2937	1120	59	activities	activity	NOUN
cblr-2937	1120	60	of	of	ADP
cblr-2937	1120	61	employees	employee	NOUN
cblr-2937	1120	62	"	"	PUNCT
cblr-2937	1120	63	are	be	AUX
cblr-2937	1120	64	"	"	PUNCT
cblr-2937	1120	65	regulated	regulate	VERB
cblr-2937	1120	66	without	without	ADP
cblr-2937	1120	67	offending	offend	VERB
cblr-2937	1120	68	the	the	DET
cblr-2937	1120	69	first	first	ADJ
cblr-2937	1120	70	amendment	amendment	NOUN
cblr-2937	1120	71	"	"	PUNCT
cblr-2937	1120	72	(	(	PUNCT
cblr-2937	1120	73	citations	citation	NOUN
cblr-2937	1120	74	omitted	omit	VERB
cblr-2937	1120	75	)	)	PUNCT
cblr-2937	1120	76	)	)	PUNCT
cblr-2937	1120	77	.	.	PUNCT
cblr-2937	1121	1	moreover	moreover	ADV
cblr-2937	1121	2	,	,	PUNCT
cblr-2937	1121	3	the	the	DET
cblr-2937	1121	4	court	court	NOUN
cblr-2937	1121	5	's	's	PART
cblr-2937	1121	6	reasoning	reasoning	NOUN
cblr-2937	1121	7	suggests	suggest	VERB
cblr-2937	1121	8	that	that	SCONJ
cblr-2937	1121	9	the	the	DET
cblr-2937	1121	10	object	object	NOUN
cblr-2937	1121	11	of	of	ADP
cblr-2937	1121	12	analysis	analysis	NOUN
cblr-2937	1121	13	is	be	AUX
cblr-2937	1121	14	the	the	DET
cblr-2937	1121	15	specific	specific	ADJ
cblr-2937	1121	16	instance	instance	NOUN
cblr-2937	1121	17	of	of	ADP
cblr-2937	1121	18	speech	speech	NOUN
cblr-2937	1121	19	at	at	ADP
cblr-2937	1121	20	issue	issue	NOUN
cblr-2937	1121	21	,	,	PUNCT
cblr-2937	1121	22	rather	rather	ADV
cblr-2937	1121	23	than	than	ADP
cblr-2937	1121	24	the	the	DET
cblr-2937	1121	25	general	general	ADJ
cblr-2937	1121	26	class	class	NOUN
cblr-2937	1121	27	of	of	ADP
cblr-2937	1121	28	speech	speech	NOUN
cblr-2937	1121	29	to	to	PART
cblr-2937	1121	30	which	which	PRON
cblr-2937	1121	31	the	the	DET
cblr-2937	1121	32	specific	specific	ADJ
cblr-2937	1121	33	instance	instance	NOUN
cblr-2937	1121	34	belongs	belong	VERB
cblr-2937	1121	35	.	.	PUNCT
cblr-2937	1122	1	the	the	DET
cblr-2937	1122	2	court	court	NOUN
cblr-2937	1122	3	did	do	AUX
cblr-2937	1122	4	not	not	PART
cblr-2937	1122	5	analyze	analyze	VERB
cblr-2937	1122	6	the	the	DET
cblr-2937	1122	7	general	general	ADJ
cblr-2937	1122	8	importance	importance	NOUN
cblr-2937	1122	9	of	of	ADP
cblr-2937	1122	10	trade	trade	NOUN
cblr-2937	1122	11	credit	credit	NOUN
cblr-2937	1122	12	reporting	reporting	NOUN
cblr-2937	1122	13	to	to	ADP
cblr-2937	1122	14	the	the	DET
cblr-2937	1122	15	economy	economy	NOUN
cblr-2937	1122	16	;	;	PUNCT
cblr-2937	1122	17	it	it	PRON
cblr-2937	1122	18	analyzed	analyze	VERB
cblr-2937	1122	19	the	the	DET
cblr-2937	1122	20	significance	significance	NOUN
cblr-2937	1122	21	of	of	ADP
cblr-2937	1122	22	the	the	DET
cblr-2937	1122	23	bankruptcy	bankruptcy	NOUN
cblr-2937	1122	24	of	of	ADP
cblr-2937	1122	25	a	a	DET
cblr-2937	1122	26	specific	specific	ADJ
cblr-2937	1122	27	contractor	contractor	NOUN
cblr-2937	1122	28	in	in	ADP
cblr-2937	1122	29	vermont	vermont	PROPN
cblr-2937	1122	30	.	.	PUNCT
cblr-2937	1123	1	the	the	DET
cblr-2937	1123	2	courts	court	NOUN
cblr-2937	1123	3	in	in	ADP
cblr-2937	1123	4	both	both	DET
cblr-2937	1123	5	orange	orange	PROPN
cblr-2937	1123	6	county	county	PROPN
cblr-2937	1123	7	and	and	CCONJ
cblr-2937	1123	8	enron	enron	PROPN
cblr-2937	1123	9	followed	follow	VERB
cblr-2937	1123	10	the	the	DET
cblr-2937	1123	11	same	same	ADJ
cblr-2937	1123	12	mode	mode	NOUN
cblr-2937	1123	13	of	of	ADP
cblr-2937	1123	14	analysis	analysis	NOUN
cblr-2937	1123	15	,	,	PUNCT
cblr-2937	1123	16	although	although	SCONJ
cblr-2937	1123	17	they	they	PRON
cblr-2937	1123	18	set	set	VERB
cblr-2937	1123	19	a	a	DET
cblr-2937	1123	20	low	low	ADJ
cblr-2937	1123	21	threshold	threshold	NOUN
cblr-2937	1123	22	.	.	PUNCT
cblr-2937	1124	1	see	see	VERB
cblr-2937	1124	2	in	in	ADP
cblr-2937	1124	3	re	re	PROPN
cblr-2937	1124	4	enron	enron	PROPN
cblr-2937	1124	5	secs	secs	PROPN
cblr-2937	1124	6	.	.	PUNCT
cblr-2937	1124	7	,	,	PUNCT
cblr-2937	1124	8	deriv	deriv	PROPN
cblr-2937	1124	9	.	.	PROPN
cblr-2937	1124	10	,	,	PUNCT
cblr-2937	1124	11	&	&	CCONJ
cblr-2937	1124	12	"	"	PUNCT
cblr-2937	1124	13	erisa	erisa	NOUN
cblr-2937	1124	14	"	"	PUNCT
cblr-2937	1124	15	litig	litig	NOUN
cblr-2937	1124	16	.	.	PUNCT
cblr-2937	1125	1	,	,	PUNCT
cblr-2937	1125	2	511	511	NUM
cblr-2937	1125	3	f.	f.	PROPN
cblr-2937	1125	4	supp	supp	PROPN
cblr-2937	1125	5	.	.	PUNCT
cblr-2937	1126	1	2d	2d	PROPN
cblr-2937	1126	2	742	742	NUM
cblr-2937	1126	3	,	,	PUNCT
cblr-2937	1126	4	819	819	NUM
cblr-2937	1126	5	(	(	PUNCT
cblr-2937	1126	6	s.d	s.d	PROPN
cblr-2937	1126	7	.	.	PUNCT
cblr-2937	1126	8	tex	tex	PROPN
cblr-2937	1126	9	.	.	PROPN
cblr-2937	1126	10	2005	2005	NUM
cblr-2937	1126	11	)	)	PUNCT
cblr-2937	1126	12	(	(	PUNCT
cblr-2937	1126	13	"	"	PUNCT
cblr-2937	1126	14	[	[	PUNCT
cblr-2937	1126	15	nlationally	nlationally	ADV
cblr-2937	1126	16	published	publish	VERB
cblr-2937	1126	17	credit	credit	NOUN
cblr-2937	1126	18	agency	agency	NOUN
cblr-2937	1126	19	ratings	rating	NOUN
cblr-2937	1126	20	reports	report	NOUN
cblr-2937	1126	21	regarding	regard	VERB
cblr-2937	1126	22	enron	enron	PROPN
cblr-2937	1126	23	,	,	PUNCT
cblr-2937	1126	24	a	a	DET
cblr-2937	1126	25	top	top	ADJ
cblr-2937	1126	26	fortune	fortune	NOUN
cblr-2937	1126	27	500	500	NUM
cblr-2937	1126	28	company	company	NOUN
cblr-2937	1126	29	,	,	PUNCT
cblr-2937	1126	30	in	in	ADP
cblr-2937	1126	31	2000	2000	NUM
cblr-2937	1126	32	are	be	AUX
cblr-2937	1126	33	matters	matter	NOUN
cblr-2937	1126	34	of	of	ADP
cblr-2937	1126	35	public	public	ADJ
cblr-2937	1126	36	concern	concern	NOUN
cblr-2937	1126	37	.	.	PUNCT
cblr-2937	1127	1	"	"	PUNCT
cblr-2937	1127	2	)	)	PUNCT
cblr-2937	1127	3	;	;	PUNCT
cblr-2937	1127	4	county	county	NOUN
cblr-2937	1127	5	of	of	ADP
cblr-2937	1127	6	orange	orange	PROPN
cblr-2937	1127	7	v.	v.	ADP
cblr-2937	1127	8	mcgraw	mcgraw	PROPN
cblr-2937	1127	9	-	-	PUNCT
cblr-2937	1127	10	hill	hill	PROPN
cblr-2937	1127	11	cos	cos	PROPN
cblr-2937	1127	12	.	.	PROPN
cblr-2937	1127	13	,	,	PUNCT
cblr-2937	1127	14	245	245	NUM
cblr-2937	1127	15	b.r	b.r	PROPN
cblr-2937	1127	16	.	.	PROPN
cblr-2937	1127	17	151	151	NUM
cblr-2937	1127	18	,	,	PUNCT
cblr-2937	1127	19	155	155	NUM
cblr-2937	1127	20	(	(	PUNCT
cblr-2937	1127	21	c.d	c.d	PROPN
cblr-2937	1127	22	.	.	PROPN
cblr-2937	1127	23	cal	cal	PROPN
cblr-2937	1127	24	.	.	PUNCT
cblr-2937	1127	25	1999	1999	NUM
cblr-2937	1127	26	)	)	PUNCT
cblr-2937	1127	27	(	(	PUNCT
cblr-2937	1127	28	rating	rating	NOUN
cblr-2937	1127	29	agencies	agency	NOUN
cblr-2937	1127	30	are	be	AUX
cblr-2937	1127	31	matters	matter	NOUN
cblr-2937	1127	32	of	of	ADP
cblr-2937	1127	33	public	public	ADJ
cblr-2937	1127	34	concern	concern	NOUN
cblr-2937	1127	35	because	because	SCONJ
cblr-2937	1127	36	they	they	PRON
cblr-2937	1127	37	induced	induce	VERB
cblr-2937	1127	38	county	county	NOUN
cblr-2937	1127	39	to	to	PART
cblr-2937	1127	40	"	"	PUNCT
cblr-2937	1127	41	incur	incur	VERB
cblr-2937	1127	42	$	$	SYM
cblr-2937	1127	43	500	500	NUM
cblr-2937	1127	44	million	million	NUM
cblr-2937	1127	45	in	in	ADP
cblr-2937	1127	46	debt	debt	NOUN
cblr-2937	1127	47	and	and	CCONJ
cblr-2937	1127	48	contributed	contribute	VERB
cblr-2937	1127	49	to	to	ADP
cblr-2937	1127	50	the	the	DET
cblr-2937	1127	51	largest	large	ADJ
cblr-2937	1127	52	municipal	municipal	ADJ
cblr-2937	1127	53	bankruptcy	bankruptcy	NOUN
cblr-2937	1127	54	in	in	ADP
cblr-2937	1127	55	history	history	NOUN
cblr-2937	1127	56	"	"	PUNCT
cblr-2937	1127	57	)	)	PUNCT
cblr-2937	1127	58	.	.	PUNCT
cblr-2937	1128	1	a	a	DET
cblr-2937	1128	2	court	court	NOUN
cblr-2937	1128	3	could	could	AUX
cblr-2937	1128	4	find	find	VERB
cblr-2937	1128	5	that	that	SCONJ
cblr-2937	1128	6	the	the	DET
cblr-2937	1128	7	creditworthiness	creditworthiness	NOUN
cblr-2937	1128	8	of	of	ADP
cblr-2937	1128	9	each	each	DET
cblr-2937	1128	10	individual	individual	ADJ
cblr-2937	1128	11	asset	asset	NOUN
cblr-2937	1128	12	-	-	PUNCT
cblr-2937	1128	13	backed	back	VERB
cblr-2937	1128	14	instrument	instrument	NOUN
cblr-2937	1128	15	or	or	CCONJ
cblr-2937	1128	16	class	class	NOUN
cblr-2937	1128	17	of	of	ADP
cblr-2937	1128	18	instruments	instrument	NOUN
cblr-2937	1128	19	is	be	AUX
cblr-2937	1128	20	not	not	PART
cblr-2937	1128	21	of	of	ADP
cblr-2937	1128	22	public	public	ADJ
cblr-2937	1128	23	concern	concern	NOUN
cblr-2937	1128	24	,	,	PUNCT
cblr-2937	1128	25	even	even	ADV
cblr-2937	1128	26	if	if	SCONJ
cblr-2937	1128	27	"	"	PUNCT
cblr-2937	1128	28	securitization	securitization	NOUN
cblr-2937	1128	29	"	"	PUNCT
cblr-2937	1128	30	as	as	SCONJ
cblr-2937	1128	31	a	a	DET
cblr-2937	1128	32	whole	whole	NOUN
cblr-2937	1128	33	does	do	AUX
cblr-2937	1128	34	rise	rise	VERB
cblr-2937	1128	35	to	to	ADP
cblr-2937	1128	36	that	that	DET
cblr-2937	1128	37	level	level	NOUN
cblr-2937	1128	38	.	.	PUNCT
cblr-2937	1129	1	247	247	NUM
cblr-2937	1129	2	dun	dun	PROPN
cblr-2937	1129	3	&	&	CCONJ
cblr-2937	1129	4	bradstreet	bradstreet	PROPN
cblr-2937	1129	5	,	,	PUNCT
cblr-2937	1129	6	472	472	NUM
cblr-2937	1129	7	u.s	u.s	PROPN
cblr-2937	1129	8	.	.	PROPN
cblr-2937	1129	9	at	at	ADP
cblr-2937	1129	10	751	751	NUM
cblr-2937	1129	11	.	.	PUNCT
cblr-2937	1130	1	cf	cf	NOUN
cblr-2937	1130	2	.	.	PUNCT
cblr-2937	1131	1	lowe	lowe	PROPN
cblr-2937	1131	2	v.	v.	PROPN
cblr-2937	1131	3	sec	sec	PROPN
cblr-2937	1131	4	,	,	PUNCT
cblr-2937	1131	5	472	472	NUM
cblr-2937	1131	6	u.s	u.s	PROPN
cblr-2937	1131	7	.	.	PROPN
cblr-2937	1131	8	181	181	NUM
cblr-2937	1131	9	,	,	PUNCT
cblr-2937	1131	10	210	210	NUM
cblr-2937	1131	11	n.58	n.58	PROPN
cblr-2937	1131	12	(	(	PUNCT
cblr-2937	1131	13	1985	1985	NUM
cblr-2937	1131	14	)	)	PUNCT
cblr-2937	1131	15	(	(	PUNCT
cblr-2937	1131	16	"	"	PUNCT
cblr-2937	1131	17	[	[	X
cblr-2937	1131	18	b]ecause	b]ecause	ADP
cblr-2937	1131	19	we	we	PRON
cblr-2937	1131	20	have	have	AUX
cblr-2937	1131	21	squarely	squarely	ADV
cblr-2937	1131	22	held	hold	VERB
cblr-2937	1131	23	that	that	SCONJ
cblr-2937	1131	24	the	the	DET
cblr-2937	1131	25	expression	expression	NOUN
cblr-2937	1131	26	of	of	ADP
cblr-2937	1131	27	opinion	opinion	NOUN
cblr-2937	1131	28	about	about	ADP
cblr-2937	1131	29	a	a	DET
cblr-2937	1131	30	commercial	commercial	ADJ
cblr-2937	1131	31	product	product	NOUN
cblr-2937	1131	32	such	such	ADJ
cblr-2937	1131	33	as	as	ADP
cblr-2937	1131	34	a	a	DET
cblr-2937	1131	35	loudspeaker	loudspeaker	NOUN
cblr-2937	1131	36	is	be	AUX
cblr-2937	1131	37	protected	protect	VERB
cblr-2937	1131	38	by	by	ADP
cblr-2937	1131	39	the	the	DET
cblr-2937	1131	40	first	first	ADJ
cblr-2937	1131	41	amendment	amendment	NOUN
cblr-2937	1131	42	,	,	PUNCT
cblr-2937	1131	43	it	it	PRON
cblr-2937	1131	44	is	be	AUX
cblr-2937	1131	45	difficult	difficult	ADJ
cblr-2937	1131	46	to	to	PART
cblr-2937	1131	47	see	see	VERB
cblr-2937	1131	48	why	why	SCONJ
cblr-2937	1131	49	the	the	DET
cblr-2937	1131	50	expression	expression	NOUN
cblr-2937	1131	51	of	of	ADP
cblr-2937	1131	52	opinion	opinion	NOUN
cblr-2937	1131	53	about	about	ADP
cblr-2937	1131	54	a	a	DET
cblr-2937	1131	55	marketable	marketable	ADJ
cblr-2937	1131	56	security	security	NOUN
cblr-2937	1131	57	should	should	AUX
cblr-2937	1131	58	not	not	PART
cblr-2937	1131	59	also	also	ADV
cblr-2937	1131	60	be	be	AUX
cblr-2937	1131	61	protected	protect	VERB
cblr-2937	1131	62	.	.	PUNCT
cblr-2937	1131	63	"	"	PUNCT
cblr-2937	1132	1	(	(	PUNCT
cblr-2937	1132	2	citations	citation	NOUN
cblr-2937	1132	3	omitted	omit	VERB
cblr-2937	1132	4	)	)	PUNCT
cblr-2937	1132	5	)	)	PUNCT
cblr-2937	1132	6	.	.	PUNCT
cblr-2937	1133	1	rating	rating	NOUN
cblr-2937	1133	2	agencies	agency	NOUN
cblr-2937	1133	3	rely	rely	VERB
cblr-2937	1133	4	on	on	ADP
cblr-2937	1133	5	defamation	defamation	NOUN
cblr-2937	1133	6	cases	case	NOUN
cblr-2937	1133	7	to	to	PART
cblr-2937	1133	8	supply	supply	VERB
cblr-2937	1133	9	what	what	PRON
cblr-2937	1133	10	they	they	PRON
cblr-2937	1133	11	claim	claim	VERB
cblr-2937	1133	12	is	be	AUX
cblr-2937	1133	13	the	the	DET
cblr-2937	1133	14	relevant	relevant	ADJ
cblr-2937	1133	15	legal	legal	ADJ
cblr-2937	1133	16	standard	standard	NOUN
cblr-2937	1133	17	,	,	PUNCT
cblr-2937	1133	18	so	so	SCONJ
cblr-2937	1133	19	they	they	PRON
cblr-2937	1133	20	apparently	apparently	ADV
cblr-2937	1133	21	do	do	AUX
cblr-2937	1133	22	not	not	PART
cblr-2937	1133	23	view	view	VERB
cblr-2937	1133	24	the	the	DET
cblr-2937	1133	25	difference	difference	NOUN
cblr-2937	1133	26	between	between	ADP
cblr-2937	1133	27	opinion	opinion	NOUN
cblr-2937	1133	28	and	and	CCONJ
cblr-2937	1133	29	fact	fact	NOUN
cblr-2937	1133	30	as	as	ADP
cblr-2937	1133	31	dispositive	dispositive	NOUN
cblr-2937	1133	32	for	for	ADP
cblr-2937	1133	33	the	the	DET
cblr-2937	1133	34	first	first	ADJ
cblr-2937	1133	35	amendment	amendment	NOUN
cblr-2937	1133	36	analysis	analysis	NOUN
cblr-2937	1133	37	.	.	PUNCT
cblr-2937	1134	1	see	see	VERB
cblr-2937	1134	2	in	in	ADP
cblr-2937	1134	3	re	re	PROPN
cblr-2937	1134	4	enron	enron	PROPN
cblr-2937	1134	5	,	,	PUNCT
cblr-2937	1134	6	511	511	NUM
cblr-2937	1134	7	f.	f.	PROPN
cblr-2937	1134	8	supp	supp	PROPN
cblr-2937	1134	9	.	.	PUNCT
cblr-2937	1135	1	2d	2d	PROPN
cblr-2937	1135	2	at	at	ADP
cblr-2937	1135	3	810	810	NUM
cblr-2937	1135	4	-	-	SYM
cblr-2937	1135	5	11	11	NUM
cblr-2937	1135	6	(	(	PUNCT
cblr-2937	1135	7	describing	describe	VERB
cblr-2937	1135	8	agencies	agency	NOUN
cblr-2937	1135	9	'	'	PART
cblr-2937	1135	10	reliance	reliance	NOUN
cblr-2937	1135	11	on	on	ADP
cblr-2937	1135	12	defamation	defamation	NOUN
cblr-2937	1135	13	cases	case	NOUN
cblr-2937	1135	14	for	for	ADP
cblr-2937	1135	15	proposition	proposition	NOUN
cblr-2937	1135	16	that	that	PRON
cblr-2937	1135	17	plaintiff	plaintiff	NOUN
cblr-2937	1135	18	must	must	AUX
cblr-2937	1135	19	show	show	VERB
cblr-2937	1135	20	"	"	PUNCT
cblr-2937	1135	21	actual	actual	ADJ
cblr-2937	1135	22	malice	malice	NOUN
cblr-2937	1135	23	"	"	PUNCT
cblr-2937	1135	24	in	in	ADP
cblr-2937	1135	25	order	order	NOUN
cblr-2937	1135	26	"	"	PUNCT
cblr-2937	1135	27	to	to	PART
cblr-2937	1135	28	impose	impose	VERB
cblr-2937	1135	29	liability	liability	NOUN
cblr-2937	1135	30	on	on	ADP
cblr-2937	1135	31	a	a	DET
cblr-2937	1135	32	publisher	publisher	NOUN
cblr-2937	1135	33	for	for	ADP
cblr-2937	1135	34	statements	statement	NOUN
cblr-2937	1135	35	about	about	ADP
cblr-2937	1135	36	matters	matter	NOUN
cblr-2937	1135	37	of	of	ADP
cblr-2937	1135	38	public	public	ADJ
cblr-2937	1135	39	concern	concern	NOUN
cblr-2937	1135	40	"	"	PUNCT
cblr-2937	1135	41	)	)	PUNCT
cblr-2937	1135	42	.	.	PUNCT
cblr-2937	1136	1	2	2	NUM
cblr-2937	1136	2	'	'	PART
cblr-2937	1136	3	dun	dun	PROPN
cblr-2937	1136	4	&	&	CCONJ
cblr-2937	1136	5	bradstreet	bradstreet	PROPN
cblr-2937	1136	6	,	,	PUNCT
cblr-2937	1136	7	472	472	NUM
cblr-2937	1136	8	u.s	u.s	PROPN
cblr-2937	1136	9	.	.	PROPN
cblr-2937	1136	10	at	at	ADP
cblr-2937	1136	11	762	762	NUM
cblr-2937	1136	12	n.8	n.8	NOUN
cblr-2937	1136	13	.	.	PUNCT
cblr-2937	1137	1	no	no	INTJ
cblr-2937	1137	2	.	.	PUNCT
cblr-2937	1138	1	1:109	1:109	NUM
cblr-2937	1138	2	]	]	PUNCT
cblr-2937	1138	3	whether	whether	SCONJ
cblr-2937	1138	4	an	an	DET
cblr-2937	1138	5	"	"	PUNCT
cblr-2937	1138	6	expression	expression	NOUN
cblr-2937	1138	7	's	's	PART
cblr-2937	1138	8	content	content	NOUN
cblr-2937	1138	9	,	,	PUNCT
cblr-2937	1138	10	form	form	NOUN
cblr-2937	1138	11	,	,	PUNCT
cblr-2937	1138	12	and	and	CCONJ
cblr-2937	1138	13	context"49	context"49	PROPN
cblr-2937	1138	14	rendered	render	VERB
cblr-2937	1138	15	its	its	PRON
cblr-2937	1138	16	subject	subject	NOUN
cblr-2937	1138	17	a	a	DET
cblr-2937	1138	18	matter	matter	NOUN
cblr-2937	1138	19	of	of	ADP
cblr-2937	1138	20	public	public	ADJ
cblr-2937	1138	21	concern	concern	NOUN
cblr-2937	1138	22	.	.	PUNCT
cblr-2937	1139	1	in	in	ADP
cblr-2937	1139	2	the	the	DET
cblr-2937	1139	3	lower	low	ADJ
cblr-2937	1139	4	courts	court	NOUN
cblr-2937	1139	5	,	,	PUNCT
cblr-2937	1139	6	the	the	DET
cblr-2937	1139	7	agencies	agency	NOUN
cblr-2937	1139	8	have	have	AUX
cblr-2937	1139	9	won	win	VERB
cblr-2937	1139	10	high	high	ADJ
cblr-2937	1139	11	-	-	PUNCT
cblr-2937	1139	12	profile	profile	NOUN
cblr-2937	1139	13	,	,	PUNCT
cblr-2937	1139	14	if	if	SCONJ
cblr-2937	1139	15	sketchily	sketchily	ADV
cblr-2937	1139	16	reasoned	reason	VERB
cblr-2937	1139	17	,	,	PUNCT
cblr-2937	1139	18	victories	victory	NOUN
cblr-2937	1139	19	on	on	ADP
cblr-2937	1139	20	the	the	DET
cblr-2937	1139	21	first	first	ADJ
cblr-2937	1139	22	amendment	amendment	NOUN
cblr-2937	1139	23	issue	issue	NOUN
cblr-2937	1139	24	in	in	ADP
cblr-2937	1139	25	the	the	DET
cblr-2937	1139	26	orange	orange	PROPN
cblr-2937	1139	27	county25	county25	PROPN
cblr-2937	1139	28	°	°	PROPN
cblr-2937	1140	1	and	and	CCONJ
cblr-2937	1140	2	enron25	enron25	NOUN
cblr-2937	1140	3	'	'	PUNCT
cblr-2937	1140	4	litigation	litigation	NOUN
cblr-2937	1140	5	,	,	PUNCT
cblr-2937	1140	6	where	where	SCONJ
cblr-2937	1140	7	the	the	DET
cblr-2937	1140	8	courts	court	NOUN
cblr-2937	1140	9	relied	rely	VERB
cblr-2937	1140	10	on	on	ADP
cblr-2937	1140	11	defamation	defamation	NOUN
cblr-2937	1140	12	cases	case	NOUN
cblr-2937	1140	13	for	for	ADP
cblr-2937	1140	14	the	the	DET
cblr-2937	1140	15	principle	principle	NOUN
cblr-2937	1140	16	that	that	SCONJ
cblr-2937	1140	17	agencies	agency	NOUN
cblr-2937	1140	18	could	could	AUX
cblr-2937	1140	19	not	not	PART
cblr-2937	1140	20	be	be	AUX
cblr-2937	1140	21	held	hold	VERB
cblr-2937	1140	22	liable	liable	ADJ
cblr-2937	1140	23	for	for	ADP
cblr-2937	1140	24	low	low	ADJ
cblr-2937	1140	25	-	-	PUNCT
cblr-2937	1140	26	quality	quality	NOUN
cblr-2937	1140	27	ratings	rating	NOUN
cblr-2937	1140	28	absent	absent	VERB
cblr-2937	1140	29	a	a	DET
cblr-2937	1140	30	showing	showing	NOUN
cblr-2937	1140	31	of	of	ADP
cblr-2937	1140	32	"	"	PUNCT
cblr-2937	1140	33	actual	actual	ADJ
cblr-2937	1140	34	malice	malice	NOUN
cblr-2937	1140	35	.	.	PUNCT
cblr-2937	1140	36	"	"	PUNCT
cblr-2937	1141	1	another	another	DET
cblr-2937	1141	2	recent	recent	ADJ
cblr-2937	1141	3	decision	decision	NOUN
cblr-2937	1141	4	in	in	ADP
cblr-2937	1141	5	this	this	DET
cblr-2937	1141	6	context	context	NOUN
cblr-2937	1141	7	,	,	PUNCT
cblr-2937	1141	8	commercial	commercial	ADJ
cblr-2937	1141	9	financial	financial	ADJ
cblr-2937	1141	10	services	services	PROPN
cblr-2937	1141	11	,	,	PUNCT
cblr-2937	1141	12	inc	inc	PROPN
cblr-2937	1141	13	.	.	PROPN
cblr-2937	1141	14	v.	v.	PROPN
cblr-2937	1141	15	arthur	arthur	PROPN
cblr-2937	1141	16	andersen	andersen	PROPN
cblr-2937	1141	17	llp,252	llp,252	PROPN
cblr-2937	1141	18	rejected	reject	VERB
cblr-2937	1141	19	the	the	DET
cblr-2937	1141	20	agencies	agency	NOUN
cblr-2937	1141	21	'	'	PART
cblr-2937	1141	22	more	more	ADV
cblr-2937	1141	23	extravagant	extravagant	ADJ
cblr-2937	1141	24	claims	claim	NOUN
cblr-2937	1141	25	for	for	ADP
cblr-2937	1141	26	first	first	ADJ
cblr-2937	1141	27	-	-	PUNCT
cblr-2937	1141	28	amendment	amendment	NOUN
cblr-2937	1141	29	-	-	PUNCT
cblr-2937	1141	30	based	base	VERB
cblr-2937	1141	31	immunity	immunity	NOUN
cblr-2937	1141	32	,	,	PUNCT
cblr-2937	1141	33	finding	find	VERB
cblr-2937	1141	34	that	that	SCONJ
cblr-2937	1141	35	the	the	DET
cblr-2937	1141	36	first	first	ADJ
cblr-2937	1141	37	amendment	amendment	NOUN
cblr-2937	1141	38	did	do	AUX
cblr-2937	1141	39	not	not	PART
cblr-2937	1141	40	affect	affect	VERB
cblr-2937	1141	41	the	the	DET
cblr-2937	1141	42	duty	duty	NOUN
cblr-2937	1141	43	of	of	ADP
cblr-2937	1141	44	care	care	NOUN
cblr-2937	1141	45	that	that	SCONJ
cblr-2937	1141	46	rating	rating	NOUN
cblr-2937	1141	47	agencies	agency	NOUN
cblr-2937	1141	48	owed	owe	VERB
cblr-2937	1141	49	to	to	ADP
cblr-2937	1141	50	a	a	DET
cblr-2937	1141	51	structured	structure	VERB
cblr-2937	1141	52	-	-	PUNCT
cblr-2937	1141	53	finance	finance	NOUN
cblr-2937	1141	54	issuer	issuer	NOUN
cblr-2937	1141	55	that	that	PRON
cblr-2937	1141	56	had	have	AUX
cblr-2937	1141	57	paid	pay	VERB
cblr-2937	1141	58	them	they	PRON
cblr-2937	1141	59	to	to	PART
cblr-2937	1141	60	issue	issue	VERB
cblr-2937	1141	61	ratings	rating	NOUN
cblr-2937	1141	62	on	on	ADP
cblr-2937	1141	63	the	the	DET
cblr-2937	1141	64	instruments	instrument	NOUN
cblr-2937	1141	65	it	it	PRON
cblr-2937	1141	66	issued	issue	VERB
cblr-2937	1141	67	:	:	PUNCT
cblr-2937	1141	68	"	"	PUNCT
cblr-2937	1141	69	while	while	SCONJ
cblr-2937	1141	70	the	the	DET
cblr-2937	1141	71	rating	rating	NOUN
cblr-2937	1141	72	agencies	agency	NOUN
cblr-2937	1141	73	gave	give	VERB
cblr-2937	1141	74	'	'	PUNCT
cblr-2937	1141	75	opinions	opinion	NOUN
cblr-2937	1141	76	,	,	PUNCT
cblr-2937	1141	77	'	'	PUNCT
cblr-2937	1141	78	they	they	PRON
cblr-2937	1141	79	did	do	VERB
cblr-2937	1141	80	so	so	ADV
cblr-2937	1141	81	as	as	SCONJ
cblr-2937	1141	82	professionals	professional	NOUN
cblr-2937	1141	83	being	be	AUX
cblr-2937	1141	84	paid	pay	VERB
cblr-2937	1141	85	to	to	PART
cblr-2937	1141	86	provide	provide	VERB
cblr-2937	1141	87	their	their	PRON
cblr-2937	1141	88	opinions	opinion	NOUN
cblr-2937	1141	89	to	to	ADP
cblr-2937	1141	90	a	a	DET
cblr-2937	1141	91	client	client	NOUN
cblr-2937	1141	92	.	.	PUNCT
cblr-2937	1142	1	"25	"25	PROPN
cblr-2937	1142	2	courts	court	NOUN
cblr-2937	1142	3	have	have	AUX
cblr-2937	1142	4	split	split	VERB
cblr-2937	1142	5	on	on	ADP
cblr-2937	1142	6	the	the	DET
cblr-2937	1142	7	claim	claim	NOUN
cblr-2937	1142	8	that	that	SCONJ
cblr-2937	1142	9	agency	agency	NOUN
cblr-2937	1142	10	analysts	analyst	NOUN
cblr-2937	1142	11	are	be	AUX
cblr-2937	1142	12	"	"	PUNCT
cblr-2937	1142	13	journalists	journalist	NOUN
cblr-2937	1142	14	"	"	PUNCT
cblr-2937	1142	15	entitled	entitle	VERB
cblr-2937	1142	16	to	to	PART
cblr-2937	1142	17	invoke	invoke	VERB
cblr-2937	1142	18	press	press	NOUN
cblr-2937	1142	19	shield	shield	NOUN
cblr-2937	1142	20	laws.254	laws.254	ADV
cblr-2937	1142	21	249	249	NUM
cblr-2937	1142	22	i	i	PRON
cblr-2937	1142	23	d.	d.	PROPN
cblr-2937	1142	24	at	at	ADP
cblr-2937	1142	25	761	761	NUM
cblr-2937	1142	26	.	.	PUNCT
cblr-2937	1143	1	250	250	NUM
cblr-2937	1143	2	county	county	NOUN
cblr-2937	1143	3	of	of	ADP
cblr-2937	1143	4	orange	orange	PROPN
cblr-2937	1143	5	v.	v.	ADP
cblr-2937	1143	6	mcgraw	mcgraw	PROPN
cblr-2937	1143	7	-	-	PUNCT
cblr-2937	1143	8	hill	hill	PROPN
cblr-2937	1143	9	cos	cos	PROPN
cblr-2937	1143	10	.	.	PROPN
cblr-2937	1143	11	,	,	PUNCT
cblr-2937	1143	12	245	245	NUM
cblr-2937	1143	13	b.r	b.r	PROPN
cblr-2937	1143	14	.	.	PROPN
cblr-2937	1143	15	151	151	NUM
cblr-2937	1143	16	(	(	PUNCT
cblr-2937	1143	17	c.d	c.d	PROPN
cblr-2937	1143	18	.	.	PROPN
cblr-2937	1143	19	cal	cal	PROPN
cblr-2937	1143	20	.	.	PUNCT
cblr-2937	1143	21	1999	1999	NUM
cblr-2937	1143	22	)	)	PUNCT
cblr-2937	1143	23	.	.	PUNCT
cblr-2937	1144	1	orange	orange	PROPN
cblr-2937	1144	2	county	county	PROPN
cblr-2937	1144	3	,	,	PUNCT
cblr-2937	1144	4	an	an	DET
cblr-2937	1144	5	issuer	issuer	NOUN
cblr-2937	1144	6	,	,	PUNCT
cblr-2937	1144	7	sued	sue	VERB
cblr-2937	1144	8	the	the	DET
cblr-2937	1144	9	rating	rating	NOUN
cblr-2937	1144	10	agencies	agency	NOUN
cblr-2937	1144	11	for	for	ADP
cblr-2937	1144	12	giving	give	VERB
cblr-2937	1144	13	it	it	PRON
cblr-2937	1144	14	too	too	ADV
cblr-2937	1144	15	high	high	ADJ
cblr-2937	1144	16	a	a	DET
cblr-2937	1144	17	rating	rating	NOUN
cblr-2937	1144	18	.	.	PUNCT
cblr-2937	1145	1	i	i	PRON
cblr-2937	1145	2	d.	d.	PROPN
cblr-2937	1145	3	at	at	ADP
cblr-2937	1145	4	151	151	NUM
cblr-2937	1145	5	.	.	PUNCT
cblr-2937	1146	1	the	the	DET
cblr-2937	1146	2	court	court	NOUN
cblr-2937	1146	3	found	find	VERB
cblr-2937	1146	4	,	,	PUNCT
cblr-2937	1146	5	citing	cite	VERB
cblr-2937	1146	6	its	its	PRON
cblr-2937	1146	7	previous	previous	ADJ
cblr-2937	1146	8	unpublished	unpublished	ADJ
cblr-2937	1146	9	orders	order	NOUN
cblr-2937	1146	10	,	,	PUNCT
cblr-2937	1146	11	that	that	SCONJ
cblr-2937	1146	12	the	the	DET
cblr-2937	1146	13	first	first	ADJ
cblr-2937	1146	14	amendment	amendment	NOUN
cblr-2937	1146	15	required	require	VERB
cblr-2937	1146	16	the	the	DET
cblr-2937	1146	17	county	county	NOUN
cblr-2937	1146	18	to	to	PART
cblr-2937	1146	19	show	show	VERB
cblr-2937	1146	20	"	"	PUNCT
cblr-2937	1146	21	actual	actual	ADJ
cblr-2937	1146	22	malice	malice	NOUN
cblr-2937	1146	23	"	"	PUNCT
cblr-2937	1146	24	to	to	PART
cblr-2937	1146	25	prevail	prevail	VERB
cblr-2937	1146	26	.	.	PUNCT
cblr-2937	1147	1	i	i	PRON
cblr-2937	1147	2	d.	d.	PROPN
cblr-2937	1147	3	at	at	ADP
cblr-2937	1147	4	154	154	NUM
cblr-2937	1147	5	-	-	SYM
cblr-2937	1147	6	57	57	NUM
cblr-2937	1147	7	.	.	PUNCT
cblr-2937	1148	1	the	the	DET
cblr-2937	1148	2	court	court	NOUN
cblr-2937	1148	3	nevertheless	nevertheless	ADV
cblr-2937	1148	4	denied	deny	VERB
cblr-2937	1148	5	summary	summary	NOUN
cblr-2937	1148	6	judgment	judgment	NOUN
cblr-2937	1148	7	with	with	ADP
cblr-2937	1148	8	respect	respect	NOUN
cblr-2937	1148	9	to	to	ADP
cblr-2937	1148	10	ratings	rating	NOUN
cblr-2937	1148	11	issued	issue	VERB
cblr-2937	1148	12	while	while	SCONJ
cblr-2937	1148	13	the	the	DET
cblr-2937	1148	14	agency	agency	NOUN
cblr-2937	1148	15	was	be	AUX
cblr-2937	1148	16	"	"	PUNCT
cblr-2937	1148	17	aware	aware	ADJ
cblr-2937	1148	18	of	of	ADP
cblr-2937	1148	19	..	..	PUNCT
cblr-2937	1148	20	.	.	PUNCT
cblr-2937	1149	1	potential	potential	ADJ
cblr-2937	1149	2	disaster	disaster	NOUN
cblr-2937	1149	3	"	"	PUNCT
cblr-2937	1149	4	and	and	CCONJ
cblr-2937	1149	5	while	while	SCONJ
cblr-2937	1149	6	the	the	DET
cblr-2937	1149	7	agency	agency	NOUN
cblr-2937	1149	8	was	be	AUX
cblr-2937	1149	9	making	make	VERB
cblr-2937	1149	10	"	"	PUNCT
cblr-2937	1149	11	public	public	ADJ
cblr-2937	1149	12	comments	comment	NOUN
cblr-2937	1149	13	"	"	PUNCT
cblr-2937	1149	14	that	that	PRON
cblr-2937	1149	15	"	"	PUNCT
cblr-2937	1149	16	support	support	VERB
cblr-2937	1149	17	the	the	DET
cblr-2937	1149	18	county	county	NOUN
cblr-2937	1149	19	's	's	PART
cblr-2937	1149	20	inference	inference	NOUN
cblr-2937	1149	21	of	of	ADP
cblr-2937	1149	22	a	a	DET
cblr-2937	1149	23	cover	cover	NOUN
cblr-2937	1149	24	-	-	PUNCT
cblr-2937	1149	25	up	up	NOUN
cblr-2937	1149	26	to	to	PART
cblr-2937	1149	27	protect	protect	VERB
cblr-2937	1149	28	s&p	s&p	PROPN
cblr-2937	1149	29	's	's	PART
cblr-2937	1149	30	reputation	reputation	NOUN
cblr-2937	1149	31	.	.	PUNCT
cblr-2937	1149	32	"	"	PUNCT
cblr-2937	1150	1	i	i	PRON
cblr-2937	1150	2	d.	d.	PROPN
cblr-2937	1150	3	at	at	ADP
cblr-2937	1150	4	161	161	NUM
cblr-2937	1150	5	.	.	PUNCT
cblr-2937	1151	1	251	251	NUM
cblr-2937	1151	2	in	in	ADP
cblr-2937	1151	3	re	re	PROPN
cblr-2937	1151	4	enron	enron	PROPN
cblr-2937	1151	5	,	,	PUNCT
cblr-2937	1151	6	511	511	NUM
cblr-2937	1151	7	f.	f.	PROPN
cblr-2937	1151	8	supp	supp	PROPN
cblr-2937	1151	9	.	.	PUNCT
cblr-2937	1152	1	2d	2d	PROPN
cblr-2937	1152	2	at	at	ADP
cblr-2937	1152	3	825	825	NUM
cblr-2937	1152	4	(	(	PUNCT
cblr-2937	1152	5	"	"	PUNCT
cblr-2937	1152	6	the	the	DET
cblr-2937	1152	7	court	court	NOUN
cblr-2937	1152	8	finds	find	VERB
cblr-2937	1152	9	that	that	SCONJ
cblr-2937	1152	10	the	the	DET
cblr-2937	1152	11	challenged	challenge	VERB
cblr-2937	1152	12	ratings	rating	NOUN
cblr-2937	1152	13	are	be	AUX
cblr-2937	1152	14	a	a	DET
cblr-2937	1152	15	combination	combination	NOUN
cblr-2937	1152	16	of	of	ADP
cblr-2937	1152	17	subjective	subjective	ADJ
cblr-2937	1152	18	,	,	PUNCT
cblr-2937	1152	19	nonactionable	nonactionable	ADJ
cblr-2937	1152	20	evaluation	evaluation	NOUN
cblr-2937	1152	21	and	and	CCONJ
cblr-2937	1152	22	verifiable	verifiable	ADJ
cblr-2937	1152	23	facts	fact	NOUN
cblr-2937	1152	24	.	.	PUNCT
cblr-2937	1153	1	the	the	DET
cblr-2937	1153	2	court	court	NOUN
cblr-2937	1153	3	concludes	conclude	VERB
cblr-2937	1153	4	that	that	SCONJ
cblr-2937	1153	5	the	the	DET
cblr-2937	1153	6	actual	actual	ADJ
cblr-2937	1153	7	malice	malice	NOUN
cblr-2937	1153	8	standard	standard	NOUN
cblr-2937	1153	9	should	should	AUX
cblr-2937	1153	10	apply	apply	VERB
cblr-2937	1153	11	here	here	ADV
cblr-2937	1153	12	because	because	SCONJ
cblr-2937	1153	13	the	the	DET
cblr-2937	1153	14	nationally	nationally	ADV
cblr-2937	1153	15	published	publish	VERB
cblr-2937	1153	16	credit	credit	NOUN
cblr-2937	1153	17	ratings	rating	NOUN
cblr-2937	1153	18	focus	focus	VERB
cblr-2937	1153	19	upon	upon	SCONJ
cblr-2937	1153	20	matters	matter	NOUN
cblr-2937	1153	21	of	of	ADP
cblr-2937	1153	22	public	public	ADJ
cblr-2937	1153	23	concern	concern	NOUN
cblr-2937	1153	24	,	,	PUNCT
cblr-2937	1153	25	a	a	DET
cblr-2937	1153	26	top	top	ADJ
cblr-2937	1153	27	fortune	fortune	NOUN
cblr-2937	1153	28	500	500	NUM
cblr-2937	1153	29	company	company	NOUN
cblr-2937	1153	30	's	's	PART
cblr-2937	1153	31	creditworthiness	creditworthiness	NOUN
cblr-2937	1153	32	.	.	PUNCT
cblr-2937	1153	33	"	"	PUNCT
cblr-2937	1153	34	)	)	PUNCT
cblr-2937	1153	35	.	.	PUNCT
cblr-2937	1154	1	252	252	NUM
cblr-2937	1154	2	94	94	NUM
cblr-2937	1154	3	p.3d	p.3d	NUM
cblr-2937	1154	4	106	106	NUM
cblr-2937	1154	5	(	(	PUNCT
cblr-2937	1154	6	okla	okla	NOUN
cblr-2937	1154	7	.	.	PUNCT
cblr-2937	1155	1	civ	civ	NOUN
cblr-2937	1155	2	.	.	PUNCT
cblr-2937	1156	1	app	app	PROPN
cblr-2937	1156	2	.	.	PROPN
cblr-2937	1156	3	2004	2004	NUM
cblr-2937	1156	4	)	)	PUNCT
cblr-2937	1156	5	.	.	PUNCT
cblr-2937	1157	1	2	2	NUM
cblr-2937	1158	1	i	i	PRON
cblr-2937	1158	2	d.	d.	NOUN
cblr-2937	1158	3	at	at	ADP
cblr-2937	1158	4	110	110	NUM
cblr-2937	1158	5	.	.	PUNCT
cblr-2937	1159	1	254	254	NUM
cblr-2937	1159	2	compare	compare	NOUN
cblr-2937	1159	3	in	in	ADP
cblr-2937	1159	4	re	re	PROPN
cblr-2937	1159	5	fitch	fitch	PROPN
cblr-2937	1159	6	,	,	PUNCT
cblr-2937	1159	7	inc	inc	PROPN
cblr-2937	1159	8	.	.	PROPN
cblr-2937	1159	9	,	,	PUNCT
cblr-2937	1159	10	330	330	NUM
cblr-2937	1159	11	f.3d	f.3d	NUM
cblr-2937	1159	12	104	104	NUM
cblr-2937	1159	13	(	(	PUNCT
cblr-2937	1159	14	2d	2d	NUM
cblr-2937	1159	15	cir	cir	NOUN
cblr-2937	1159	16	.	.	PROPN
cblr-2937	1159	17	2003	2003	NUM
cblr-2937	1159	18	)	)	PUNCT
cblr-2937	1159	19	(	(	PUNCT
cblr-2937	1159	20	agency	agency	NOUN
cblr-2937	1159	21	not	not	PART
cblr-2937	1159	22	like	like	ADP
cblr-2937	1159	23	journalist	journalist	NOUN
cblr-2937	1159	24	in	in	ADP
cblr-2937	1159	25	that	that	SCONJ
cblr-2937	1159	26	it	it	PRON
cblr-2937	1159	27	"	"	PUNCT
cblr-2937	1159	28	cover[ed	cover[ed	PROPN
cblr-2937	1159	29	]	]	PUNCT
cblr-2937	1159	30	only	only	ADV
cblr-2937	1159	31	its	its	PRON
cblr-2937	1159	32	own	own	ADJ
cblr-2937	1159	33	clients	client	NOUN
cblr-2937	1159	34	"	"	PUNCT
cblr-2937	1159	35	and	and	CCONJ
cblr-2937	1159	36	took	take	VERB
cblr-2937	1159	37	"	"	PUNCT
cblr-2937	1159	38	an	an	DET
cblr-2937	1159	39	active	active	ADJ
cblr-2937	1159	40	role	role	NOUN
cblr-2937	1159	41	in	in	ADP
cblr-2937	1159	42	the	the	DET
cblr-2937	1159	43	planning	planning	NOUN
cblr-2937	1159	44	of	of	ADP
cblr-2937	1159	45	the	the	DET
cblr-2937	1159	46	transactions	transaction	NOUN
cblr-2937	1159	47	it	it	PRON
cblr-2937	1159	48	analyzes	analyze	VERB
cblr-2937	1159	49	"	"	PUNCT
cblr-2937	1159	50	)	)	PUNCT
cblr-2937	1159	51	with	with	ADP
cblr-2937	1159	52	compuware	compuware	PROPN
cblr-2937	1159	53	v.	v.	PROPN
cblr-2937	1159	54	moody	moody	PROPN
cblr-2937	1159	55	's	's	PART
cblr-2937	1159	56	investors	investor	NOUN
cblr-2937	1159	57	servs	servs	PROPN
cblr-2937	1159	58	.	.	PUNCT
cblr-2937	1159	59	,	,	PUNCT
cblr-2937	1159	60	324	324	NUM
cblr-2937	1159	61	f.	f.	PROPN
cblr-2937	1159	62	supp	supp	PROPN
cblr-2937	1159	63	.	.	PUNCT
cblr-2937	1160	1	2d	2d	PROPN
cblr-2937	1160	2	860	860	NUM
cblr-2937	1160	3	,	,	PUNCT
cblr-2937	1160	4	862	862	NUM
cblr-2937	1160	5	(	(	PUNCT
cblr-2937	1160	6	e.d	e.d	PROPN
cblr-2937	1160	7	.	.	PROPN
cblr-2937	1160	8	mich	mich	PROPN
cblr-2937	1160	9	.	.	PROPN
cblr-2937	1160	10	2004	2004	NUM
cblr-2937	1160	11	)	)	PUNCT
cblr-2937	1161	1	[	[	X
cblr-2937	1161	2	vol	vol	NOUN
cblr-2937	1161	3	.	.	PUNCT
cblr-2937	1162	1	2009col	2009col	NUM
cblr-2937	1162	2	umbia	umbia	NOUN
cblr-2937	1162	3	b	b	PROPN
cblr-2937	1162	4	usiness	usiness	PROPN
cblr-2937	1162	5	la	la	PROPN
cblr-2937	1162	6	w	w	PROPN
cblr-2937	1162	7	re	re	PROPN
cblr-2937	1162	8	vie	vie	PROPN
cblr-2937	1162	9	w	w	PROPN
cblr-2937	1162	10	the	the	DET
cblr-2937	1162	11	agencies	agency	NOUN
cblr-2937	1162	12	'	'	PART
cblr-2937	1162	13	claims	claim	NOUN
cblr-2937	1162	14	strike	strike	VERB
cblr-2937	1162	15	some	some	DET
cblr-2937	1162	16	commentators	commentator	NOUN
cblr-2937	1162	17	as	as	ADP
cblr-2937	1162	18	dubious,255	dubious,255	PROPN
cblr-2937	1162	19	although	although	SCONJ
cblr-2937	1162	20	scholars	scholar	NOUN
cblr-2937	1162	21	apparently	apparently	ADV
cblr-2937	1162	22	have	have	AUX
cblr-2937	1162	23	not	not	PART
cblr-2937	1162	24	subjected	subject	VERB
cblr-2937	1162	25	them	they	PRON
cblr-2937	1162	26	to	to	AUX
cblr-2937	1162	27	sustained	sustain	VERB
cblr-2937	1162	28	,	,	PUNCT
cblr-2937	1162	29	rigorous	rigorous	ADJ
cblr-2937	1162	30	scrutiny.256	scrutiny.256	PROPN
cblr-2937	1162	31	a	a	DET
cblr-2937	1162	32	complete	complete	ADJ
cblr-2937	1162	33	doctrinal	doctrinal	ADJ
cblr-2937	1162	34	analysis	analysis	NOUN
cblr-2937	1162	35	of	of	ADP
cblr-2937	1162	36	the	the	DET
cblr-2937	1162	37	first	first	ADJ
cblr-2937	1162	38	amendment	amendment	NOUN
cblr-2937	1162	39	issues	issue	NOUN
cblr-2937	1162	40	presented	present	VERB
cblr-2937	1162	41	by	by	ADP
cblr-2937	1162	42	credit	credit	NOUN
cblr-2937	1162	43	ratings	rating	NOUN
cblr-2937	1162	44	is	be	AUX
cblr-2937	1162	45	beyond	beyond	ADP
cblr-2937	1162	46	the	the	DET
cblr-2937	1162	47	scope	scope	NOUN
cblr-2937	1162	48	of	of	ADP
cblr-2937	1162	49	this	this	DET
cblr-2937	1162	50	article	article	NOUN
cblr-2937	1162	51	,	,	PUNCT
cblr-2937	1162	52	but	but	CCONJ
cblr-2937	1162	53	the	the	DET
cblr-2937	1162	54	agencies	agency	NOUN
cblr-2937	1162	55	'	'	PART
cblr-2937	1162	56	first	first	ADJ
cblr-2937	1162	57	amendment	amendment	NOUN
cblr-2937	1162	58	arguments	argument	NOUN
cblr-2937	1162	59	should	should	AUX
cblr-2937	1162	60	not	not	PART
cblr-2937	1162	61	foreclose	foreclose	VERB
cblr-2937	1162	62	consideration	consideration	NOUN
cblr-2937	1162	63	of	of	ADP
cblr-2937	1162	64	proposals	proposal	NOUN
cblr-2937	1162	65	to	to	PART
cblr-2937	1162	66	improve	improve	VERB
cblr-2937	1162	67	rating	rating	NOUN
cblr-2937	1162	68	quality	quality	NOUN
cblr-2937	1162	69	.	.	PUNCT
cblr-2937	1163	1	under	under	ADP
cblr-2937	1163	2	the	the	DET
cblr-2937	1163	3	"	"	PUNCT
cblr-2937	1163	4	reputational	reputational	ADJ
cblr-2937	1163	5	-	-	PUNCT
cblr-2937	1163	6	capital	capital	NOUN
cblr-2937	1163	7	"	"	PUNCT
cblr-2937	1163	8	view	view	NOUN
cblr-2937	1163	9	of	of	ADP
cblr-2937	1163	10	rating	rating	NOUN
cblr-2937	1163	11	agencies	agency	NOUN
cblr-2937	1163	12	,	,	PUNCT
cblr-2937	1163	13	agencies	agency	NOUN
cblr-2937	1163	14	are	be	AUX
cblr-2937	1163	15	in	in	ADP
cblr-2937	1163	16	the	the	DET
cblr-2937	1163	17	business	business	NOUN
cblr-2937	1163	18	of	of	ADP
cblr-2937	1163	19	making	make	VERB
cblr-2937	1163	20	predictive	predictive	ADJ
cblr-2937	1163	21	judgments	judgment	NOUN
cblr-2937	1163	22	that	that	PRON
cblr-2937	1163	23	are	be	AUX
cblr-2937	1163	24	of	of	ADP
cblr-2937	1163	25	reasonably	reasonably	ADV
cblr-2937	1163	26	ascertainable	ascertainable	ADJ
cblr-2937	1163	27	quality	quality	NOUN
cblr-2937	1163	28	.	.	PUNCT
cblr-2937	1164	1	despite	despite	SCONJ
cblr-2937	1164	2	the	the	DET
cblr-2937	1164	3	rating	rating	NOUN
cblr-2937	1164	4	agencies	agency	NOUN
cblr-2937	1164	5	'	'	PART
cblr-2937	1164	6	and	and	CCONJ
cblr-2937	1164	7	some	some	DET
cblr-2937	1164	8	scholars	scholar	NOUN
cblr-2937	1164	9	'	'	PART
cblr-2937	1164	10	claims	claim	NOUN
cblr-2937	1164	11	,	,	PUNCT
cblr-2937	1164	12	there	there	PRON
cblr-2937	1164	13	are	be	VERB
cblr-2937	1164	14	good	good	ADJ
cblr-2937	1164	15	reasons	reason	NOUN
cblr-2937	1164	16	to	to	PART
cblr-2937	1164	17	believe	believe	VERB
cblr-2937	1164	18	that	that	SCONJ
cblr-2937	1164	19	a	a	DET
cblr-2937	1164	20	liability	liability	NOUN
cblr-2937	1164	21	or	or	CCONJ
cblr-2937	1164	22	regulatory	regulatory	ADJ
cblr-2937	1164	23	regime	regime	NOUN
cblr-2937	1164	24	designed	design	VERB
cblr-2937	1164	25	to	to	PART
cblr-2937	1164	26	counter	counter	VERB
cblr-2937	1164	27	economic	economic	ADJ
cblr-2937	1164	28	incentives	incentive	NOUN
cblr-2937	1164	29	for	for	ADP
cblr-2937	1164	30	low	low	ADJ
cblr-2937	1164	31	-	-	PUNCT
cblr-2937	1164	32	quality	quality	NOUN
cblr-2937	1164	33	production	production	NOUN
cblr-2937	1164	34	in	in	ADP
cblr-2937	1164	35	this	this	DET
cblr-2937	1164	36	industry	industry	NOUN
cblr-2937	1164	37	would	would	AUX
cblr-2937	1164	38	pass	pass	VERB
cblr-2937	1164	39	muster	muster	NOUN
cblr-2937	1164	40	under	under	ADP
cblr-2937	1164	41	the	the	DET
cblr-2937	1164	42	existing	exist	VERB
cblr-2937	1164	43	positive	positive	ADJ
cblr-2937	1164	44	law	law	NOUN
cblr-2937	1164	45	of	of	ADP
cblr-2937	1164	46	the	the	DET
cblr-2937	1164	47	first	first	ADJ
cblr-2937	1164	48	amendment	amendment	NOUN
cblr-2937	1164	49	.	.	PUNCT
cblr-2937	1165	1	at	at	ADP
cblr-2937	1165	2	the	the	DET
cblr-2937	1165	3	very	very	ADV
cblr-2937	1165	4	least	least	ADJ
cblr-2937	1165	5	,	,	PUNCT
cblr-2937	1165	6	judicial	judicial	ADJ
cblr-2937	1165	7	endorsement	endorsement	NOUN
cblr-2937	1165	8	of	of	ADP
cblr-2937	1165	9	the	the	DET
cblr-2937	1165	10	proposal	proposal	NOUN
cblr-2937	1165	11	would	would	AUX
cblr-2937	1165	12	require	require	VERB
cblr-2937	1165	13	(	(	PUNCT
cblr-2937	1165	14	agency	agency	NOUN
cblr-2937	1165	15	qualified	qualify	VERB
cblr-2937	1165	16	as	as	ADP
cblr-2937	1165	17	journalist	journalist	NOUN
cblr-2937	1165	18	because	because	SCONJ
cblr-2937	1165	19	it	it	PRON
cblr-2937	1165	20	"	"	PUNCT
cblr-2937	1165	21	did	do	AUX
cblr-2937	1165	22	not	not	PART
cblr-2937	1165	23	participate	participate	VERB
cblr-2937	1165	24	in	in	ADP
cblr-2937	1165	25	the	the	DET
cblr-2937	1165	26	structuring	structuring	NOUN
cblr-2937	1165	27	of	of	ADP
cblr-2937	1165	28	the	the	DET
cblr-2937	1165	29	debt	debt	NOUN
cblr-2937	1165	30	it	it	PRON
cblr-2937	1165	31	was	be	AUX
cblr-2937	1165	32	rating	rate	VERB
cblr-2937	1165	33	"	"	PUNCT
cblr-2937	1165	34	and	and	CCONJ
cblr-2937	1165	35	therefore	therefore	ADV
cblr-2937	1165	36	did	do	AUX
cblr-2937	1165	37	not	not	PART
cblr-2937	1165	38	"	"	PUNCT
cblr-2937	1165	39	stepl	stepl	NOUN
cblr-2937	1165	40	outside	outside	ADP
cblr-2937	1165	41	its	its	PRON
cblr-2937	1165	42	role	role	NOUN
cblr-2937	1165	43	as	as	ADP
cblr-2937	1165	44	information	information	NOUN
cblr-2937	1165	45	gatherer	gatherer	NOUN
cblr-2937	1165	46	"	"	PUNCT
cblr-2937	1165	47	)	)	PUNCT
cblr-2937	1165	48	;	;	PUNCT
cblr-2937	1165	49	in	in	ADP
cblr-2937	1165	50	re	re	VERB
cblr-2937	1165	51	pan	pan	PROPN
cblr-2937	1165	52	am	am	PROPN
cblr-2937	1165	53	corp	corp	PROPN
cblr-2937	1165	54	.	.	PROPN
cblr-2937	1165	55	,	,	PUNCT
cblr-2937	1165	56	161	161	NUM
cblr-2937	1165	57	b.r	b.r	PROPN
cblr-2937	1165	58	.	.	PROPN
cblr-2937	1165	59	577	577	NUM
cblr-2937	1165	60	(	(	PUNCT
cblr-2937	1165	61	s.d.n.y	s.d.n.y	PROPN
cblr-2937	1165	62	.	.	PROPN
cblr-2937	1165	63	1993	1993	NUM
cblr-2937	1165	64	)	)	PUNCT
cblr-2937	1165	65	(	(	PUNCT
cblr-2937	1165	66	agency	agency	NOUN
cblr-2937	1165	67	qualified	qualified	ADJ
cblr-2937	1165	68	for	for	ADP
cblr-2937	1165	69	protection	protection	NOUN
cblr-2937	1165	70	where	where	SCONJ
cblr-2937	1165	71	it	it	PRON
cblr-2937	1165	72	rated	rate	VERB
cblr-2937	1165	73	almost	almost	ADV
cblr-2937	1165	74	all	all	PRON
cblr-2937	1165	75	public	public	ADJ
cblr-2937	1165	76	debt	debt	NOUN
cblr-2937	1165	77	,	,	PUNCT
cblr-2937	1165	78	whether	whether	SCONJ
cblr-2937	1165	79	issued	issue	VERB
cblr-2937	1165	80	by	by	ADP
cblr-2937	1165	81	clients	client	NOUN
cblr-2937	1165	82	or	or	CCONJ
cblr-2937	1165	83	not	not	PART
cblr-2937	1165	84	)	)	PUNCT
cblr-2937	1165	85	;	;	PUNCT
cblr-2937	1165	86	see	see	VERB
cblr-2937	1165	87	also	also	ADV
cblr-2937	1165	88	in	in	ADP
cblr-2937	1165	89	re	re	PROPN
cblr-2937	1165	90	scott	scott	PROPN
cblr-2937	1165	91	paper	paper	PROPN
cblr-2937	1165	92	co.	co.	PROPN
cblr-2937	1166	1	sec	sec	PROPN
cblr-2937	1166	2	.	.	PROPN
cblr-2937	1166	3	litig	litig	PROPN
cblr-2937	1166	4	.	.	PUNCT
cblr-2937	1167	1	,	,	PUNCT
cblr-2937	1167	2	145	145	NUM
cblr-2937	1167	3	f.r.d	f.r.d	NOUN
cblr-2937	1167	4	.	.	PROPN
cblr-2937	1167	5	366	366	NUM
cblr-2937	1167	6	,	,	PUNCT
cblr-2937	1167	7	369	369	NUM
cblr-2937	1167	8	-	-	SYM
cblr-2937	1167	9	70	70	NUM
cblr-2937	1167	10	(	(	PUNCT
cblr-2937	1167	11	e.d	e.d	PROPN
cblr-2937	1167	12	.	.	PROPN
cblr-2937	1167	13	pa	pa	PROPN
cblr-2937	1167	14	.	.	PROPN
cblr-2937	1167	15	1992	1992	NUM
cblr-2937	1167	16	)	)	PUNCT
cblr-2937	1167	17	.	.	PUNCT
cblr-2937	1168	1	255	255	NUM
cblr-2937	1168	2	see	see	VERB
cblr-2937	1168	3	,	,	PUNCT
cblr-2937	1168	4	e.g.	e.g.	ADV
cblr-2937	1168	5	,	,	PUNCT
cblr-2937	1168	6	coffee	coffee	NOUN
cblr-2937	1168	7	,	,	PUNCT
cblr-2937	1168	8	supra	supra	PROPN
cblr-2937	1168	9	note	note	PROPN
cblr-2937	1168	10	80	80	NUM
cblr-2937	1168	11	,	,	PUNCT
cblr-2937	1168	12	at	at	ADP
cblr-2937	1168	13	313	313	NUM
cblr-2937	1168	14	n.71	n.71	NOUN
cblr-2937	1168	15	(	(	PUNCT
cblr-2937	1168	16	"	"	PUNCT
cblr-2937	1168	17	[	[	X
cblr-2937	1168	18	the	the	DET
cblr-2937	1168	19	]	]	X
cblr-2937	1168	20	view	view	NOUN
cblr-2937	1168	21	of	of	ADP
cblr-2937	1168	22	ratings	rating	NOUN
cblr-2937	1168	23	as	as	ADP
cblr-2937	1168	24	editorials	editorial	NOUN
cblr-2937	1168	25	(	(	PUNCT
cblr-2937	1168	26	or	or	CCONJ
cblr-2937	1168	27	as	as	ADP
cblr-2937	1168	28	political	political	ADJ
cblr-2937	1168	29	speech	speech	NOUN
cblr-2937	1168	30	)	)	PUNCT
cblr-2937	1168	31	seems	seem	VERB
cblr-2937	1168	32	increasingly	increasingly	ADV
cblr-2937	1168	33	dated	date	VERB
cblr-2937	1168	34	.	.	PUNCT
cblr-2937	1169	1	"	"	PUNCT
cblr-2937	1169	2	)	)	PUNCT
cblr-2937	1169	3	.	.	PUNCT
cblr-2937	1170	1	256	256	NUM
cblr-2937	1170	2	for	for	ADP
cblr-2937	1170	3	a	a	DET
cblr-2937	1170	4	critique	critique	NOUN
cblr-2937	1170	5	by	by	ADP
cblr-2937	1170	6	practitioners	practitioner	NOUN
cblr-2937	1170	7	of	of	ADP
cblr-2937	1170	8	agency	agency	PROPN
cblr-2937	1170	9	first	first	ADJ
cblr-2937	1170	10	amendment	amendment	NOUN
cblr-2937	1170	11	arguments	argument	NOUN
cblr-2937	1170	12	in	in	ADP
cblr-2937	1170	13	the	the	DET
cblr-2937	1170	14	context	context	NOUN
cblr-2937	1170	15	of	of	ADP
cblr-2937	1170	16	actions	action	NOUN
cblr-2937	1170	17	alleging	allege	VERB
cblr-2937	1170	18	that	that	SCONJ
cblr-2937	1170	19	cdos	cdo	NOUN
cblr-2937	1170	20	were	be	AUX
cblr-2937	1170	21	over	over	ADV
cblr-2937	1170	22	-	-	PUNCT
cblr-2937	1170	23	rated	rate	VERB
cblr-2937	1170	24	,	,	PUNCT
cblr-2937	1170	25	see	see	VERB
cblr-2937	1170	26	david	david	PROPN
cblr-2937	1170	27	j.	j.	PROPN
cblr-2937	1170	28	grais	grais	PROPN
cblr-2937	1170	29	&	&	CCONJ
cblr-2937	1170	30	kostas	kostas	PROPN
cblr-2937	1170	31	d.	d.	PROPN
cblr-2937	1170	32	katsiris	katsiris	PROPN
cblr-2937	1170	33	,	,	PUNCT
cblr-2937	1170	34	not	not	PART
cblr-2937	1170	35	"	"	PUNCT
cblr-2937	1170	36	the	the	DET
cblr-2937	1170	37	world	world	NOUN
cblr-2937	1170	38	's	's	PART
cblr-2937	1170	39	shortest	short	ADJ
cblr-2937	1170	40	editorial	editorial	NOUN
cblr-2937	1170	41	"	"	PUNCT
cblr-2937	1170	42	:	:	PUNCT
cblr-2937	1170	43	why	why	SCONJ
cblr-2937	1170	44	the	the	DET
cblr-2937	1170	45	first	first	ADJ
cblr-2937	1170	46	amendment	amendment	NOUN
cblr-2937	1170	47	does	do	AUX
cblr-2937	1170	48	not	not	PART
cblr-2937	1170	49	shield	shield	VERB
cblr-2937	1170	50	the	the	DET
cblr-2937	1170	51	rating	rating	NOUN
cblr-2937	1170	52	agencies	agency	NOUN
cblr-2937	1170	53	from	from	ADP
cblr-2937	1170	54	over	over	ADP
cblr-2937	1170	55	-	-	PUNCT
cblr-2937	1170	56	rating	rating	NOUN
cblr-2937	1170	57	cdos	cdo	NOUN
cblr-2937	1170	58	,	,	PUNCT
cblr-2937	1170	59	bloomberg	bloomberg	PROPN
cblr-2937	1170	60	l.	l.	PROPN
cblr-2937	1170	61	reps	reps	PROPN
cblr-2937	1170	62	.	.	PROPN
cblr-2937	1170	63	,	,	PUNCT
cblr-2937	1170	64	nov	nov	PROPN
cblr-2937	1170	65	.	.	PROPN
cblr-2937	1170	66	2007	2007	NUM
cblr-2937	1170	67	,	,	PUNCT
cblr-2937	1170	68	available	available	ADJ
cblr-2937	1170	69	at	at	ADP
cblr-2937	1170	70	http://www.graisellsworth.com/publications.html	http://www.graisellsworth.com/publications.html	NOUN
cblr-2937	1170	71	.	.	PUNCT
cblr-2937	1171	1	the	the	DET
cblr-2937	1171	2	most	most	ADV
cblr-2937	1171	3	serious	serious	ADJ
cblr-2937	1171	4	scholarly	scholarly	ADJ
cblr-2937	1171	5	critical	critical	ADJ
cblr-2937	1171	6	treatment	treatment	NOUN
cblr-2937	1171	7	of	of	ADP
cblr-2937	1171	8	which	which	PRON
cblr-2937	1171	9	this	this	DET
cblr-2937	1171	10	author	author	NOUN
cblr-2937	1171	11	is	be	AUX
cblr-2937	1171	12	aware	aware	ADJ
cblr-2937	1171	13	is	be	AUX
cblr-2937	1171	14	frank	frank	ADJ
cblr-2937	1171	15	partnoy	partnoy	ADJ
cblr-2937	1171	16	,	,	PUNCT
cblr-2937	1171	17	how	how	SCONJ
cblr-2937	1171	18	and	and	CCONJ
cblr-2937	1171	19	why	why	SCONJ
cblr-2937	1171	20	credit	credit	NOUN
cblr-2937	1171	21	rating	rating	NOUN
cblr-2937	1171	22	agencies	agency	NOUN
cblr-2937	1171	23	are	be	AUX
cblr-2937	1171	24	not	not	PART
cblr-2937	1171	25	like	like	ADP
cblr-2937	1171	26	other	other	ADJ
cblr-2937	1171	27	gatekeepers	gatekeeper	NOUN
cblr-2937	1171	28	,	,	PUNCT
cblr-2937	1171	29	in	in	ADP
cblr-2937	1171	30	financial	financial	ADJ
cblr-2937	1171	31	gatekeepers	gatekeeper	NOUN
cblr-2937	1171	32	:	:	PUNCT
cblr-2937	1171	33	can	can	AUX
cblr-2937	1171	34	they	they	PRON
cblr-2937	1171	35	protect	protect	VERB
cblr-2937	1171	36	investors	investor	NOUN
cblr-2937	1171	37	?	?	PUNCT
cblr-2937	1172	1	59	59	NUM
cblr-2937	1172	2	,	,	PUNCT
cblr-2937	1172	3	83	83	NUM
cblr-2937	1172	4	-	-	SYM
cblr-2937	1172	5	86	86	NUM
cblr-2937	1172	6	(	(	PUNCT
cblr-2937	1172	7	yasuyuki	yasuyuki	PROPN
cblr-2937	1172	8	fuchita	fuchita	PROPN
cblr-2937	1172	9	&	&	CCONJ
cblr-2937	1172	10	robert	robert	PROPN
cblr-2937	1172	11	e.	e.	PROPN
cblr-2937	1172	12	litan	litan	PROPN
cblr-2937	1172	13	eds	eds	PROPN
cblr-2937	1172	14	.	.	PROPN
cblr-2937	1172	15	,	,	PUNCT
cblr-2937	1172	16	2006	2006	NUM
cblr-2937	1172	17	)	)	PUNCT
cblr-2937	1172	18	.	.	PUNCT
cblr-2937	1173	1	see	see	VERB
cblr-2937	1173	2	also	also	ADV
cblr-2937	1173	3	francis	francis	PROPN
cblr-2937	1173	4	a.	a.	PROPN
cblr-2937	1173	5	bottini	bottini	PROPN
cblr-2937	1173	6	,	,	PUNCT
cblr-2937	1173	7	jr	jr	PROPN
cblr-2937	1173	8	.	.	PROPN
cblr-2937	1173	9	,	,	PUNCT
cblr-2937	1173	10	comment	comment	NOUN
cblr-2937	1173	11	,	,	PUNCT
cblr-2937	1173	12	an	an	DET
cblr-2937	1173	13	examination	examination	NOUN
cblr-2937	1173	14	of	of	ADP
cblr-2937	1173	15	the	the	DET
cblr-2937	1173	16	current	current	ADJ
cblr-2937	1173	17	status	status	NOUN
cblr-2937	1173	18	of	of	ADP
cblr-2937	1173	19	rating	rating	NOUN
cblr-2937	1173	20	agencies	agency	NOUN
cblr-2937	1173	21	and	and	CCONJ
cblr-2937	1173	22	proposals	proposal	NOUN
cblr-2937	1173	23	for	for	ADP
cblr-2937	1173	24	limited	limited	ADJ
cblr-2937	1173	25	oversight	oversight	NOUN
cblr-2937	1173	26	of	of	ADP
cblr-2937	1173	27	such	such	ADJ
cblr-2937	1173	28	agencies	agency	NOUN
cblr-2937	1173	29	,	,	PUNCT
cblr-2937	1173	30	30	30	NUM
cblr-2937	1173	31	san	san	PROPN
cblr-2937	1173	32	diego	diego	PROPN
cblr-2937	1173	33	l.	l.	PROPN
cblr-2937	1173	34	rev	rev	PROPN
cblr-2937	1173	35	.	.	PROPN
cblr-2937	1173	36	579	579	NUM
cblr-2937	1173	37	,	,	PUNCT
cblr-2937	1173	38	616	616	NUM
cblr-2937	1173	39	-	-	SYM
cblr-2937	1173	40	19	19	NUM
cblr-2937	1173	41	(	(	PUNCT
cblr-2937	1173	42	1993	1993	NUM
cblr-2937	1173	43	)	)	PUNCT
cblr-2937	1173	44	(	(	PUNCT
cblr-2937	1173	45	arguing	argue	VERB
cblr-2937	1173	46	that	that	SCONJ
cblr-2937	1173	47	"	"	PUNCT
cblr-2937	1173	48	the	the	DET
cblr-2937	1173	49	assurance	assurance	NOUN
cblr-2937	1173	50	of	of	ADP
cblr-2937	1173	51	the	the	DET
cblr-2937	1173	52	integrity	integrity	NOUN
cblr-2937	1173	53	of	of	ADP
cblr-2937	1173	54	the	the	DET
cblr-2937	1173	55	united	united	PROPN
cblr-2937	1173	56	states	states	PROPN
cblr-2937	1173	57	capital	capital	NOUN
cblr-2937	1173	58	markets	market	NOUN
cblr-2937	1173	59	and	and	CCONJ
cblr-2937	1173	60	the	the	DET
cblr-2937	1173	61	protection	protection	NOUN
cblr-2937	1173	62	of	of	ADP
cblr-2937	1173	63	the	the	DET
cblr-2937	1173	64	public	public	NOUN
cblr-2937	1173	65	from	from	ADP
cblr-2937	1173	66	inaccurate	inaccurate	ADJ
cblr-2937	1173	67	ratings	rating	NOUN
cblr-2937	1173	68	"	"	PUNCT
cblr-2937	1173	69	is	be	AUX
cblr-2937	1173	70	a	a	DET
cblr-2937	1173	71	"	"	PUNCT
cblr-2937	1173	72	significant	significant	ADJ
cblr-2937	1173	73	government	government	NOUN
cblr-2937	1173	74	interest	interest	NOUN
cblr-2937	1173	75	"	"	PUNCT
cblr-2937	1173	76	so	so	SCONJ
cblr-2937	1173	77	that	that	SCONJ
cblr-2937	1173	78	a	a	DET
cblr-2937	1173	79	system	system	NOUN
cblr-2937	1173	80	in	in	ADP
cblr-2937	1173	81	which	which	PRON
cblr-2937	1173	82	the	the	DET
cblr-2937	1173	83	sec	sec	PROPN
cblr-2937	1173	84	could	could	AUX
cblr-2937	1173	85	proceed	proceed	VERB
cblr-2937	1173	86	against	against	ADP
cblr-2937	1173	87	rating	rating	NOUN
cblr-2937	1173	88	agencies	agency	NOUN
cblr-2937	1173	89	for	for	ADP
cblr-2937	1173	90	negligence	negligence	NOUN
cblr-2937	1173	91	would	would	AUX
cblr-2937	1173	92	not	not	PART
cblr-2937	1173	93	violate	violate	VERB
cblr-2937	1173	94	the	the	DET
cblr-2937	1173	95	first	first	ADJ
cblr-2937	1173	96	amendment	amendment	NOUN
cblr-2937	1173	97	)	)	PUNCT
cblr-2937	1173	98	.	.	PUNCT
cblr-2937	1174	1	no	no	INTJ
cblr-2937	1174	2	.	.	NOUN
cblr-2937	1175	1	1	1	NUM
cblr-2937	1175	2	:	:	SYM
cblr-2937	1175	3	109	109	NUM
cblr-2937	1175	4	]	]	PUNCT
cblr-2937	1175	5	credit	credit	NOUN
cblr-2937	1175	6	ra	ra	PROPN
cblr-2937	1175	7	ting	ting	PROPN
cblr-2937	1175	8	agencies	agency	NOUN
cblr-2937	1175	9	only	only	ADV
cblr-2937	1175	10	a	a	DET
cblr-2937	1175	11	minor	minor	ADJ
cblr-2937	1175	12	doctrinal	doctrinal	ADJ
cblr-2937	1175	13	adjustment	adjustment	NOUN
cblr-2937	1175	14	in	in	ADP
cblr-2937	1175	15	an	an	DET
cblr-2937	1175	16	area	area	NOUN
cblr-2937	1175	17	that	that	PRON
cblr-2937	1175	18	is	be	AUX
cblr-2937	1175	19	notoriously	notoriously	ADV
cblr-2937	1175	20	malleable.257	malleable.257	PROPN
cblr-2937	1175	21	c.	c.	PROPN
cblr-2937	1175	22	comparison	comparison	NOUN
cblr-2937	1175	23	of	of	ADP
cblr-2937	1175	24	"	"	PUNCT
cblr-2937	1175	25	disclose	disclose	VERB
cblr-2937	1175	26	or	or	CCONJ
cblr-2937	1175	27	disgorge	disgorge	VERB
cblr-2937	1175	28	"	"	PUNCT
cblr-2937	1175	29	to	to	PART
cblr-2937	1175	30	alternative	alternative	VERB
cblr-2937	1175	31	regulatory	regulatory	ADJ
cblr-2937	1175	32	regimes	regime	NOUN
cblr-2937	1175	33	assuming	assume	VERB
cblr-2937	1175	34	that	that	SCONJ
cblr-2937	1175	35	fear	fear	NOUN
cblr-2937	1175	36	of	of	ADP
cblr-2937	1175	37	losing	lose	VERB
cblr-2937	1175	38	reputation	reputation	NOUN
cblr-2937	1175	39	does	do	AUX
cblr-2937	1175	40	not	not	PART
cblr-2937	1175	41	deter	deter	VERB
cblr-2937	1175	42	low	low	ADJ
cblr-2937	1175	43	-	-	PUNCT
cblr-2937	1175	44	quality	quality	NOUN
cblr-2937	1175	45	ratings	rating	NOUN
cblr-2937	1175	46	on	on	ADP
cblr-2937	1175	47	novel	novel	ADJ
cblr-2937	1175	48	products	product	NOUN
cblr-2937	1175	49	,	,	PUNCT
cblr-2937	1175	50	what	what	PRON
cblr-2937	1175	51	is	be	AUX
cblr-2937	1175	52	the	the	DET
cblr-2937	1175	53	best	good	ADJ
cblr-2937	1175	54	response	response	NOUN
cblr-2937	1175	55	?	?	PUNCT
cblr-2937	1176	1	several	several	ADJ
cblr-2937	1176	2	possibilities	possibility	NOUN
cblr-2937	1176	3	other	other	ADJ
cblr-2937	1176	4	than	than	SCONJ
cblr-2937	1176	5	"	"	PUNCT
cblr-2937	1176	6	disclose	disclose	VERB
cblr-2937	1176	7	or	or	CCONJ
cblr-2937	1176	8	disgorge	disgorge	VERB
cblr-2937	1176	9	"	"	PUNCT
cblr-2937	1176	10	are	be	AUX
cblr-2937	1176	11	available	available	ADJ
cblr-2937	1176	12	:	:	PUNCT
cblr-2937	1176	13	it	it	PRON
cblr-2937	1176	14	might	might	AUX
cblr-2937	1176	15	be	be	AUX
cblr-2937	1176	16	appropriate	appropriate	ADJ
cblr-2937	1176	17	to	to	PART
cblr-2937	1176	18	do	do	VERB
cblr-2937	1176	19	nothing	nothing	PRON
cblr-2937	1176	20	,	,	PUNCT
cblr-2937	1176	21	because	because	SCONJ
cblr-2937	1176	22	the	the	DET
cblr-2937	1176	23	costs	cost	NOUN
cblr-2937	1176	24	of	of	ADP
cblr-2937	1176	25	any	any	DET
cblr-2937	1176	26	intervention	intervention	NOUN
cblr-2937	1176	27	may	may	AUX
cblr-2937	1176	28	exceed	exceed	VERB
cblr-2937	1176	29	the	the	DET
cblr-2937	1176	30	benefits	benefit	NOUN
cblr-2937	1176	31	.	.	PUNCT
cblr-2937	1177	1	other	other	ADJ
cblr-2937	1177	2	alternatives	alternative	NOUN
cblr-2937	1177	3	include	include	VERB
cblr-2937	1177	4	:	:	PUNCT
cblr-2937	1177	5	relying	rely	VERB
cblr-2937	1177	6	on	on	ADP
cblr-2937	1177	7	the	the	DET
cblr-2937	1177	8	existing	exist	VERB
cblr-2937	1177	9	securities	security	NOUN
cblr-2937	1177	10	-	-	PUNCT
cblr-2937	1177	11	fraud	fraud	NOUN
cblr-2937	1177	12	regime	regime	NOUN
cblr-2937	1177	13	,	,	PUNCT
cblr-2937	1177	14	to	to	PART
cblr-2937	1177	15	which	which	PRON
cblr-2937	1177	16	agencies	agency	NOUN
cblr-2937	1177	17	are	be	AUX
cblr-2937	1177	18	already	already	ADV
cblr-2937	1177	19	subject	subject	ADJ
cblr-2937	1177	20	;	;	PUNCT
cblr-2937	1177	21	imposing	impose	VERB
cblr-2937	1177	22	negligence	negligence	NOUN
cblr-2937	1177	23	liability	liability	NOUN
cblr-2937	1177	24	,	,	PUNCT
cblr-2937	1177	25	which	which	PRON
cblr-2937	1177	26	probably	probably	ADV
cblr-2937	1177	27	would	would	AUX
cblr-2937	1177	28	require	require	VERB
cblr-2937	1177	29	a	a	DET
cblr-2937	1177	30	change	change	NOUN
cblr-2937	1177	31	in	in	ADP
cblr-2937	1177	32	law	law	NOUN
cblr-2937	1177	33	;	;	PUNCT
cblr-2937	1177	34	or	or	CCONJ
cblr-2937	1177	35	subjecting	subject	VERB
cblr-2937	1177	36	agencies	agency	NOUN
cblr-2937	1177	37	to	to	ADP
cblr-2937	1177	38	liability	liability	NOUN
cblr-2937	1177	39	for	for	ADP
cblr-2937	1177	40	issuers	issuer	NOUN
cblr-2937	1177	41	'	'	PART
cblr-2937	1177	42	misstatements	misstatement	NOUN
cblr-2937	1177	43	(	(	PUNCT
cblr-2937	1177	44	"	"	PUNCT
cblr-2937	1177	45	gatekeeper	gatekeeper	NOUN
cblr-2937	1177	46	liability	liability	NOUN
cblr-2937	1177	47	"	"	PUNCT
cblr-2937	1177	48	)	)	PUNCT
cblr-2937	1177	49	,	,	PUNCT
cblr-2937	1177	50	as	as	SCONJ
cblr-2937	1177	51	some	some	DET
cblr-2937	1177	52	scholars	scholar	NOUN
cblr-2937	1177	53	have	have	AUX
cblr-2937	1177	54	suggested	suggest	VERB
cblr-2937	1177	55	.	.	PUNCT
cblr-2937	1178	1	"	"	PUNCT
cblr-2937	1178	2	disclose	disclose	VERB
cblr-2937	1178	3	or	or	CCONJ
cblr-2937	1178	4	disgorge	disgorge	VERB
cblr-2937	1178	5	"	"	PUNCT
cblr-2937	1178	6	seems	seem	VERB
cblr-2937	1178	7	superior	superior	ADJ
cblr-2937	1178	8	to	to	ADP
cblr-2937	1178	9	these	these	DET
cblr-2937	1178	10	alternatives	alternative	NOUN
cblr-2937	1178	11	.	.	PUNCT
cblr-2937	1179	1	1	1	X
cblr-2937	1179	2	.	.	X
cblr-2937	1179	3	do	do	VERB
cblr-2937	1179	4	nothing	nothing	PRON
cblr-2937	1179	5	it	it	PRON
cblr-2937	1179	6	might	might	AUX
cblr-2937	1179	7	be	be	AUX
cblr-2937	1179	8	argued	argue	VERB
cblr-2937	1179	9	that	that	SCONJ
cblr-2937	1179	10	it	it	PRON
cblr-2937	1179	11	is	be	AUX
cblr-2937	1179	12	inappropriate	inappropriate	ADJ
cblr-2937	1179	13	to	to	PART
cblr-2937	1179	14	invoke	invoke	VERB
cblr-2937	1179	15	legal	legal	ADJ
cblr-2937	1179	16	or	or	CCONJ
cblr-2937	1179	17	regulatory	regulatory	ADJ
cblr-2937	1179	18	forces	force	NOUN
cblr-2937	1179	19	to	to	PART
cblr-2937	1179	20	control	control	VERB
cblr-2937	1179	21	ratings	rating	NOUN
cblr-2937	1179	22	quality	quality	NOUN
cblr-2937	1179	23	.	.	PUNCT
cblr-2937	1180	1	a	a	DET
cblr-2937	1180	2	toolmaker	toolmaker	NOUN
cblr-2937	1180	3	that	that	PRON
cblr-2937	1180	4	trades	trade	VERB
cblr-2937	1180	5	on	on	ADP
cblr-2937	1180	6	its	its	PRON
cblr-2937	1180	7	reputation	reputation	NOUN
cblr-2937	1180	8	for	for	ADP
cblr-2937	1180	9	high	high	ADJ
cblr-2937	1180	10	quality	quality	NOUN
cblr-2937	1180	11	,	,	PUNCT
cblr-2937	1180	12	for	for	ADP
cblr-2937	1180	13	example	example	NOUN
cblr-2937	1180	14	,	,	PUNCT
cblr-2937	1180	15	may	may	AUX
cblr-2937	1180	16	not	not	PART
cblr-2937	1180	17	be	be	AUX
cblr-2937	1180	18	subject	subject	ADJ
cblr-2937	1180	19	to	to	ADP
cblr-2937	1180	20	liability	liability	NOUN
cblr-2937	1180	21	if	if	SCONJ
cblr-2937	1180	22	it	it	PRON
cblr-2937	1180	23	"	"	PUNCT
cblr-2937	1180	24	cheats	cheat	NOUN
cblr-2937	1180	25	"	"	PUNCT
cblr-2937	1180	26	and	and	CCONJ
cblr-2937	1180	27	produces	produce	VERB
cblr-2937	1180	28	lowquality	lowquality	NOUN
cblr-2937	1180	29	tools	tool	NOUN
cblr-2937	1180	30	.	.	PUNCT
cblr-2937	1181	1	even	even	ADV
cblr-2937	1181	2	though	though	SCONJ
cblr-2937	1181	3	it	it	PRON
cblr-2937	1181	4	might	might	AUX
cblr-2937	1181	5	conceivably	conceivably	ADV
cblr-2937	1181	6	be	be	AUX
cblr-2937	1181	7	optimal	optimal	ADJ
cblr-2937	1181	8	for	for	SCONJ
cblr-2937	1181	9	such	such	DET
cblr-2937	1181	10	a	a	DET
cblr-2937	1181	11	company	company	NOUN
cblr-2937	1181	12	to	to	PART
cblr-2937	1181	13	"	"	PUNCT
cblr-2937	1181	14	cheat	cheat	VERB
cblr-2937	1181	15	"	"	PUNCT
cblr-2937	1181	16	and	and	CCONJ
cblr-2937	1181	17	milk	milk	VERB
cblr-2937	1181	18	its	its	PRON
cblr-2937	1181	19	reputation	reputation	NOUN
cblr-2937	1181	20	under	under	ADP
cblr-2937	1181	21	some	some	DET
cblr-2937	1181	22	circumstances	circumstance	NOUN
cblr-2937	1181	23	,	,	PUNCT
cblr-2937	1181	24	we	we	PRON
cblr-2937	1181	25	rely	rely	VERB
cblr-2937	1181	26	on	on	ADP
cblr-2937	1181	27	market	market	NOUN
cblr-2937	1181	28	discipline	discipline	NOUN
cblr-2937	1181	29	,	,	PUNCT
cblr-2937	1181	30	in	in	ADP
cblr-2937	1181	31	particular	particular	ADJ
cblr-2937	1181	32	,	,	PUNCT
cblr-2937	1181	33	the	the	DET
cblr-2937	1181	34	risk	risk	NOUN
cblr-2937	1181	35	of	of	ADP
cblr-2937	1181	36	loss	loss	NOUN
cblr-2937	1181	37	of	of	ADP
cblr-2937	1181	38	reputation	reputation	NOUN
cblr-2937	1181	39	.	.	PUNCT
cblr-2937	1182	1	rating	rating	NOUN
cblr-2937	1182	2	agencies	agency	NOUN
cblr-2937	1182	3	are	be	AUX
cblr-2937	1182	4	different	different	ADJ
cblr-2937	1182	5	from	from	ADP
cblr-2937	1182	6	the	the	DET
cblr-2937	1182	7	hypothetical	hypothetical	ADJ
cblr-2937	1182	8	toolmaker	toolmaker	NOUN
cblr-2937	1182	9	for	for	ADP
cblr-2937	1182	10	at	at	ADV
cblr-2937	1182	11	least	least	ADV
cblr-2937	1182	12	two	two	NUM
cblr-2937	1182	13	reasons	reason	NOUN
cblr-2937	1182	14	.	.	PUNCT
cblr-2937	1183	1	257	257	NUM
cblr-2937	1183	2	one	one	PRON
cblr-2937	1183	3	might	might	AUX
cblr-2937	1183	4	interpret	interpret	VERB
cblr-2937	1183	5	the	the	DET
cblr-2937	1183	6	continuing	continue	VERB
cblr-2937	1183	7	viability	viability	NOUN
cblr-2937	1183	8	of	of	ADP
cblr-2937	1183	9	agency	agency	PROPN
cblr-2937	1183	10	first	first	PROPN
cblr-2937	1183	11	amendment	amendment	NOUN
cblr-2937	1183	12	defenses	defense	NOUN
cblr-2937	1183	13	as	as	ADP
cblr-2937	1183	14	evidence	evidence	NOUN
cblr-2937	1183	15	that	that	SCONJ
cblr-2937	1183	16	the	the	DET
cblr-2937	1183	17	market	market	NOUN
cblr-2937	1183	18	is	be	AUX
cblr-2937	1183	19	not	not	PART
cblr-2937	1183	20	fully	fully	ADV
cblr-2937	1183	21	competitive	competitive	ADJ
cblr-2937	1183	22	,	,	PUNCT
cblr-2937	1183	23	as	as	SCONJ
cblr-2937	1183	24	the	the	DET
cblr-2937	1183	25	persistence	persistence	NOUN
cblr-2937	1183	26	of	of	ADP
cblr-2937	1183	27	such	such	ADJ
cblr-2937	1183	28	near	near	ADP
cblr-2937	1183	29	-	-	PUNCT
cblr-2937	1183	30	absolute	absolute	ADJ
cblr-2937	1183	31	defenses	defense	NOUN
cblr-2937	1183	32	to	to	ADP
cblr-2937	1183	33	liability	liability	NOUN
cblr-2937	1183	34	is	be	AUX
cblr-2937	1183	35	anomalous	anomalous	ADJ
cblr-2937	1183	36	,	,	PUNCT
cblr-2937	1183	37	to	to	PART
cblr-2937	1183	38	say	say	VERB
cblr-2937	1183	39	the	the	DET
cblr-2937	1183	40	least	least	ADJ
cblr-2937	1183	41	.	.	PUNCT
cblr-2937	1184	1	if	if	SCONJ
cblr-2937	1184	2	the	the	DET
cblr-2937	1184	3	market	market	NOUN
cblr-2937	1184	4	were	be	AUX
cblr-2937	1184	5	fully	fully	ADV
cblr-2937	1184	6	competitive	competitive	ADJ
cblr-2937	1184	7	,	,	PUNCT
cblr-2937	1184	8	one	one	PRON
cblr-2937	1184	9	might	might	AUX
cblr-2937	1184	10	expect	expect	VERB
cblr-2937	1184	11	investors	investor	NOUN
cblr-2937	1184	12	to	to	PART
cblr-2937	1184	13	demand	demand	VERB
cblr-2937	1184	14	waiver	waiver	NOUN
cblr-2937	1184	15	of	of	ADP
cblr-2937	1184	16	such	such	ADJ
cblr-2937	1184	17	defenses	defense	NOUN
cblr-2937	1184	18	.	.	PUNCT
cblr-2937	1185	1	relatedly	relatedly	ADV
cblr-2937	1185	2	,	,	PUNCT
cblr-2937	1185	3	to	to	ADP
cblr-2937	1185	4	the	the	DET
cblr-2937	1185	5	extent	extent	NOUN
cblr-2937	1185	6	that	that	SCONJ
cblr-2937	1185	7	first	first	ADJ
cblr-2937	1185	8	amendment	amendment	NOUN
cblr-2937	1185	9	defenses	defense	NOUN
cblr-2937	1185	10	prevent	prevent	VERB
cblr-2937	1185	11	the	the	DET
cblr-2937	1185	12	imposition	imposition	NOUN
cblr-2937	1185	13	of	of	ADP
cblr-2937	1185	14	efficiency	efficiency	NOUN
cblr-2937	1185	15	-	-	PUNCT
cblr-2937	1185	16	enhancing	enhance	VERB
cblr-2937	1185	17	rules	rule	NOUN
cblr-2937	1185	18	on	on	ADP
cblr-2937	1185	19	the	the	DET
cblr-2937	1185	20	rating	rating	NOUN
cblr-2937	1185	21	agencies	agency	NOUN
cblr-2937	1185	22	,	,	PUNCT
cblr-2937	1185	23	that	that	SCONJ
cblr-2937	1185	24	further	far	ADV
cblr-2937	1185	25	calls	call	VERB
cblr-2937	1185	26	into	into	ADP
cblr-2937	1185	27	question	question	NOUN
cblr-2937	1185	28	the	the	DET
cblr-2937	1185	29	continued	continue	VERB
cblr-2937	1185	30	advisability	advisability	NOUN
cblr-2937	1185	31	of	of	ADP
cblr-2937	1185	32	rating	rating	NOUN
cblr-2937	1185	33	-	-	PUNCT
cblr-2937	1185	34	dependent	dependent	ADJ
cblr-2937	1185	35	regulation	regulation	NOUN
cblr-2937	1185	36	.	.	PUNCT
cblr-2937	1186	1	col	col	PROPN
cblr-2937	1186	2	umbia	umbia	PROPN
cblr-2937	1186	3	b	b	PROPN
cblr-2937	1186	4	usiness	usiness	PROPN
cblr-2937	1186	5	la	la	PROPN
cblr-2937	1186	6	w	w	PROPN
cblr-2937	1186	7	re	re	PROPN
cblr-2937	1186	8	vie	vie	PROPN
cblr-2937	1186	9	w	w	PROPN
cblr-2937	1187	1	[	[	X
cblr-2937	1187	2	vol	vol	NOUN
cblr-2937	1187	3	.	.	NOUN
cblr-2937	1187	4	2009	2009	NUM
cblr-2937	1187	5	credit	credit	NOUN
cblr-2937	1187	6	rating	rating	NOUN
cblr-2937	1187	7	agencies	agency	NOUN
cblr-2937	1187	8	first	first	ADV
cblr-2937	1187	9	,	,	PUNCT
cblr-2937	1187	10	low	low	ADJ
cblr-2937	1187	11	rating	rating	NOUN
cblr-2937	1187	12	quality	quality	NOUN
cblr-2937	1187	13	has	have	VERB
cblr-2937	1187	14	broader	broad	ADJ
cblr-2937	1187	15	systemic	systemic	ADJ
cblr-2937	1187	16	significance	significance	NOUN
cblr-2937	1187	17	,	,	PUNCT
cblr-2937	1187	18	at	at	ADP
cblr-2937	1187	19	least	least	ADJ
cblr-2937	1187	20	according	accord	VERB
cblr-2937	1187	21	to	to	ADP
cblr-2937	1187	22	the	the	DET
cblr-2937	1187	23	official	official	ADJ
cblr-2937	1187	24	bodies	body	NOUN
cblr-2937	1187	25	that	that	PRON
cblr-2937	1187	26	have	have	AUX
cblr-2937	1187	27	scrutinized	scrutinize	VERB
cblr-2937	1187	28	recent	recent	ADJ
cblr-2937	1187	29	market	market	NOUN
cblr-2937	1187	30	events	event	NOUN
cblr-2937	1187	31	.	.	PUNCT
cblr-2937	1188	1	a	a	DET
cblr-2937	1188	2	sudden	sudden	ADJ
cblr-2937	1188	3	loss	loss	NOUN
cblr-2937	1188	4	of	of	ADP
cblr-2937	1188	5	confidence	confidence	NOUN
cblr-2937	1188	6	in	in	ADP
cblr-2937	1188	7	ratings	rating	NOUN
cblr-2937	1188	8	in	in	ADP
cblr-2937	1188	9	general	general	ADJ
cblr-2937	1188	10	or	or	CCONJ
cblr-2937	1188	11	on	on	ADP
cblr-2937	1188	12	a	a	DET
cblr-2937	1188	13	particular	particular	ADJ
cblr-2937	1188	14	set	set	NOUN
cblr-2937	1188	15	of	of	ADP
cblr-2937	1188	16	instruments	instrument	NOUN
cblr-2937	1188	17	can	can	AUX
cblr-2937	1188	18	have	have	VERB
cblr-2937	1188	19	systemic	systemic	ADJ
cblr-2937	1188	20	consequences	consequence	NOUN
cblr-2937	1188	21	,	,	PUNCT
cblr-2937	1188	22	as	as	SCONJ
cblr-2937	1188	23	recent	recent	ADJ
cblr-2937	1188	24	events	event	NOUN
cblr-2937	1188	25	suggest	suggest	VERB
cblr-2937	1188	26	.	.	PUNCT
cblr-2937	1189	1	although	although	SCONJ
cblr-2937	1189	2	some	some	PRON
cblr-2937	1189	3	have	have	AUX
cblr-2937	1189	4	characterized	characterize	VERB
cblr-2937	1189	5	this	this	PRON
cblr-2937	1189	6	as	as	ADP
cblr-2937	1189	7	resulting	result	VERB
cblr-2937	1189	8	from	from	ADP
cblr-2937	1189	9	"	"	PUNCT
cblr-2937	1189	10	undue	undue	ADJ
cblr-2937	1189	11	reliance	reliance	NOUN
cblr-2937	1189	12	"	"	PUNCT
cblr-2937	1189	13	'	'	PUNCT
cblr-2937	1189	14	58	58	NUM
cblr-2937	1189	15	-	-	PUNCT
cblr-2937	1189	16	and	and	CCONJ
cblr-2937	1189	17	at	at	ADV
cblr-2937	1189	18	least	least	ADV
cblr-2937	1189	19	one	one	NUM
cblr-2937	1189	20	court	court	NOUN
cblr-2937	1189	21	has	have	AUX
cblr-2937	1189	22	held	hold	VERB
cblr-2937	1189	23	that	that	SCONJ
cblr-2937	1189	24	investors	investor	NOUN
cblr-2937	1189	25	can	can	AUX
cblr-2937	1189	26	not	not	PART
cblr-2937	1189	27	reasonably	reasonably	ADV
cblr-2937	1189	28	rely	rely	VERB
cblr-2937	1189	29	on	on	ADP
cblr-2937	1189	30	ratings	rating	NOUN
cblr-2937	1189	31	"	"	PUNCT
cblr-2937	1189	32	'	'	PUNCT
cblr-2937	1189	33	that	that	PRON
cblr-2937	1189	34	is	be	AUX
cblr-2937	1189	35	too	too	ADV
cblr-2937	1189	36	simplistic	simplistic	ADJ
cblr-2937	1189	37	.	.	PUNCT
cblr-2937	1190	1	ratings	rating	NOUN
cblr-2937	1190	2	have	have	VERB
cblr-2937	1190	3	no	no	DET
cblr-2937	1190	4	real	real	ADJ
cblr-2937	1190	5	value	value	NOUN
cblr-2937	1190	6	unless	unless	SCONJ
cblr-2937	1190	7	someone	someone	PRON
cblr-2937	1190	8	somewhere	somewhere	ADV
cblr-2937	1190	9	can	can	AUX
cblr-2937	1190	10	incorporate	incorporate	VERB
cblr-2937	1190	11	them	they	PRON
cblr-2937	1190	12	somehow	somehow	ADV
cblr-2937	1190	13	into	into	ADP
cblr-2937	1190	14	investment	investment	NOUN
cblr-2937	1190	15	decisions	decision	NOUN
cblr-2937	1190	16	,	,	PUNCT
cblr-2937	1190	17	and	and	CCONJ
cblr-2937	1190	18	the	the	DET
cblr-2937	1190	19	rating	rating	NOUN
cblr-2937	1190	20	agencies	agency	NOUN
cblr-2937	1190	21	recognize	recognize	VERB
cblr-2937	1190	22	that	that	SCONJ
cblr-2937	1190	23	"	"	PUNCT
cblr-2937	1190	24	[	[	PUNCT
cblr-2937	1190	25	i]nvestors	i]nvestor	NOUN
cblr-2937	1190	26	use	use	VERB
cblr-2937	1190	27	ratings	rating	NOUN
cblr-2937	1190	28	to	to	PART
cblr-2937	1190	29	help	help	VERB
cblr-2937	1190	30	price	price	VERB
cblr-2937	1190	31	the	the	DET
cblr-2937	1190	32	credit	credit	NOUN
cblr-2937	1190	33	risk	risk	NOUN
cblr-2937	1190	34	of	of	ADP
cblr-2937	1190	35	fixedincome	fixedincome	NOUN
cblr-2937	1190	36	securities	security	NOUN
cblr-2937	1190	37	they	they	PRON
cblr-2937	1190	38	may	may	AUX
cblr-2937	1190	39	buy	buy	VERB
cblr-2937	1190	40	or	or	CCONJ
cblr-2937	1190	41	sell	sell	VERB
cblr-2937	1190	42	.	.	PUNCT
cblr-2937	1191	1	"2	"2	PROPN
cblr-2937	1191	2	60	60	NUM
cblr-2937	1192	1	and	and	CCONJ
cblr-2937	1192	2	,	,	PUNCT
cblr-2937	1192	3	as	as	SCONJ
cblr-2937	1192	4	demonstrated	demonstrate	VERB
cblr-2937	1192	5	above	above	ADV
cblr-2937	1192	6	,	,	PUNCT
cblr-2937	1192	7	rational	rational	ADJ
cblr-2937	1192	8	investors	investor	NOUN
cblr-2937	1192	9	may	may	AUX
cblr-2937	1192	10	end	end	VERB
cblr-2937	1192	11	up	up	ADP
cblr-2937	1192	12	relying	rely	VERB
cblr-2937	1192	13	on	on	ADP
cblr-2937	1192	14	poor	poor	ADJ
cblr-2937	1192	15	-	-	PUNCT
cblr-2937	1192	16	quality	quality	NOUN
cblr-2937	1192	17	credit	credit	NOUN
cblr-2937	1192	18	ratings	rating	NOUN
cblr-2937	1192	19	for	for	ADP
cblr-2937	1192	20	specific	specific	ADJ
cblr-2937	1192	21	instruments	instrument	NOUN
cblr-2937	1192	22	,	,	PUNCT
cblr-2937	1192	23	as	as	ADV
cblr-2937	1192	24	long	long	ADV
cblr-2937	1192	25	as	as	SCONJ
cblr-2937	1192	26	agencies	agency	NOUN
cblr-2937	1192	27	are	be	AUX
cblr-2937	1192	28	good	good	ADJ
cblr-2937	1192	29	enough	enough	ADV
cblr-2937	1192	30	on	on	ADP
cblr-2937	1192	31	average	average	ADJ
cblr-2937	1192	32	at	at	ADP
cblr-2937	1192	33	producing	produce	VERB
cblr-2937	1192	34	high	high	ADJ
cblr-2937	1192	35	-	-	PUNCT
cblr-2937	1192	36	quality	quality	NOUN
cblr-2937	1192	37	ratings.26	ratings.26	NOUN
cblr-2937	1192	38	'	'	PUNCT
cblr-2937	1192	39	it	it	PRON
cblr-2937	1192	40	is	be	AUX
cblr-2937	1192	41	quite	quite	ADV
cblr-2937	1192	42	possible	possible	ADJ
cblr-2937	1192	43	that	that	SCONJ
cblr-2937	1192	44	parties	party	NOUN
cblr-2937	1192	45	appropriately	appropriately	ADV
cblr-2937	1192	46	relied	rely	VERB
cblr-2937	1192	47	on	on	ADP
cblr-2937	1192	48	ratings	rating	NOUN
cblr-2937	1192	49	in	in	ADP
cblr-2937	1192	50	gross	gross	PROPN
cblr-2937	1192	51	ex	ex	X
cblr-2937	1192	52	ante	ante	NOUN
cblr-2937	1192	53	and	and	CCONJ
cblr-2937	1192	54	appropriately	appropriately	ADV
cblr-2937	1192	55	lost	lose	VERB
cblr-2937	1192	56	confidence	confidence	NOUN
cblr-2937	1192	57	ex	ex	PRON
cblr-2937	1192	58	post	post	NOUN
cblr-2937	1192	59	in	in	ADP
cblr-2937	1192	60	ratings	rating	NOUN
cblr-2937	1192	61	on	on	ADP
cblr-2937	1192	62	particular	particular	ADJ
cblr-2937	1192	63	instruments	instrument	NOUN
cblr-2937	1192	64	and	and	CCONJ
cblr-2937	1192	65	on	on	ADP
cblr-2937	1192	66	the	the	DET
cblr-2937	1192	67	credit	credit	NOUN
cblr-2937	1192	68	quality	quality	NOUN
cblr-2937	1192	69	of	of	ADP
cblr-2937	1192	70	those	those	DET
cblr-2937	1192	71	instruments	instrument	NOUN
cblr-2937	1192	72	.	.	PUNCT
cblr-2937	1193	1	second	second	ADJ
cblr-2937	1193	2	,	,	PUNCT
cblr-2937	1193	3	poor	poor	ADJ
cblr-2937	1193	4	-	-	PUNCT
cblr-2937	1193	5	quality	quality	NOUN
cblr-2937	1193	6	ratings	rating	NOUN
cblr-2937	1193	7	also	also	ADV
cblr-2937	1193	8	have	have	VERB
cblr-2937	1193	9	broader	broad	ADJ
cblr-2937	1193	10	significance	significance	NOUN
cblr-2937	1193	11	in	in	SCONJ
cblr-2937	1193	12	that	that	SCONJ
cblr-2937	1193	13	they	they	PRON
cblr-2937	1193	14	can	can	AUX
cblr-2937	1193	15	lead	lead	VERB
cblr-2937	1193	16	to	to	ADP
cblr-2937	1193	17	misallocation	misallocation	NOUN
cblr-2937	1193	18	of	of	ADP
cblr-2937	1193	19	capital	capital	NOUN
cblr-2937	1193	20	ex	ex	PROPN
cblr-2937	1193	21	ante	ante	PROPN
cblr-2937	1193	22	,	,	PUNCT
cblr-2937	1193	23	apart	apart	ADV
cblr-2937	1193	24	from	from	ADP
cblr-2937	1193	25	systemic	systemic	ADJ
cblr-2937	1193	26	risks	risk	NOUN
cblr-2937	1193	27	arising	arise	VERB
cblr-2937	1193	28	on	on	ADP
cblr-2937	1193	29	revelation	revelation	NOUN
cblr-2937	1193	30	of	of	ADP
cblr-2937	1193	31	poor	poor	ADJ
cblr-2937	1193	32	quality	quality	NOUN
cblr-2937	1193	33	.	.	PUNCT
cblr-2937	1194	1	the	the	DET
cblr-2937	1194	2	ultimate	ultimate	ADJ
cblr-2937	1194	3	purpose	purpose	NOUN
cblr-2937	1194	4	of	of	ADP
cblr-2937	1194	5	capital	capital	NOUN
cblr-2937	1194	6	markets	market	NOUN
cblr-2937	1194	7	is	be	AUX
cblr-2937	1194	8	to	to	PART
cblr-2937	1194	9	match	match	VERB
cblr-2937	1194	10	investors	investor	NOUN
cblr-2937	1194	11	'	'	PART
cblr-2937	1194	12	risk	risk	NOUN
cblr-2937	1194	13	-	-	PUNCT
cblr-2937	1194	14	return	return	NOUN
cblr-2937	1194	15	preferences	preference	NOUN
cblr-2937	1194	16	with	with	ADP
cblr-2937	1194	17	available	available	ADJ
cblr-2937	1194	18	capital	capital	NOUN
cblr-2937	1194	19	projects	project	NOUN
cblr-2937	1194	20	.	.	PUNCT
cblr-2937	1195	1	if	if	SCONJ
cblr-2937	1195	2	an	an	DET
cblr-2937	1195	3	investor	investor	NOUN
cblr-2937	1195	4	purchases	purchase	VERB
cblr-2937	1195	5	a	a	DET
cblr-2937	1195	6	triple	triple	ADJ
cblr-2937	1195	7	-	-	PUNCT
cblr-2937	1195	8	a	a	PRON
cblr-2937	1195	9	rated	rate	VERB
cblr-2937	1195	10	cdo	cdo	ADJ
cblr-2937	1195	11	tranche	tranche	NOUN
cblr-2937	1195	12	because	because	SCONJ
cblr-2937	1195	13	the	the	DET
cblr-2937	1195	14	investor	investor	NOUN
cblr-2937	1195	15	believes	believe	VERB
cblr-2937	1195	16	that	that	SCONJ
cblr-2937	1195	17	the	the	DET
cblr-2937	1195	18	tranche	tranche	NOUN
cblr-2937	1195	19	presents	present	VERB
cblr-2937	1195	20	similar	similar	ADJ
cblr-2937	1195	21	credit	credit	NOUN
cblr-2937	1195	22	risk	risk	NOUN
cblr-2937	1195	23	to	to	ADP
cblr-2937	1195	24	other	other	ADJ
cblr-2937	1195	25	triple	triple	ADJ
cblr-2937	1195	26	-	-	PUNCT
cblr-2937	1195	27	a	a	PRON
cblr-2937	1195	28	rated	rate	VERB
cblr-2937	1195	29	25	25	NUM
cblr-2937	1195	30	sec	sec	PROPN
cblr-2937	1195	31	july	july	PROPN
cblr-2937	1195	32	1	1	NUM
cblr-2937	1195	33	proposal	proposal	NOUN
cblr-2937	1195	34	,	,	PUNCT
cblr-2937	1195	35	supra	supra	PROPN
cblr-2937	1195	36	note	note	PROPN
cblr-2937	1195	37	56	56	NUM
cblr-2937	1195	38	,	,	PUNCT
cblr-2937	1195	39	at	at	ADP
cblr-2937	1195	40	40,125	40,125	NUM
cblr-2937	1195	41	.	.	PUNCT
cblr-2937	1196	1	259	259	NUM
cblr-2937	1196	2	see	see	VERB
cblr-2937	1196	3	,	,	PUNCT
cblr-2937	1196	4	e.g.	e.g.	ADV
cblr-2937	1196	5	,	,	PUNCT
cblr-2937	1196	6	quinn	quinn	PROPN
cblr-2937	1196	7	v.	v.	CCONJ
cblr-2937	1196	8	mcgraw	mcgraw	PROPN
cblr-2937	1196	9	-	-	PUNCT
cblr-2937	1196	10	hill	hill	PROPN
cblr-2937	1196	11	cos	cos	PROPN
cblr-2937	1196	12	.	.	PROPN
cblr-2937	1196	13	,	,	PUNCT
cblr-2937	1196	14	168	168	NUM
cblr-2937	1196	15	f.3d	f.3d	NUM
cblr-2937	1196	16	331	331	NUM
cblr-2937	1196	17	,	,	PUNCT
cblr-2937	1196	18	336	336	NUM
cblr-2937	1196	19	(	(	PUNCT
cblr-2937	1196	20	7th	7th	ADJ
cblr-2937	1196	21	cir	cir	NOUN
cblr-2937	1196	22	.	.	PROPN
cblr-2937	1196	23	1999	1999	NUM
cblr-2937	1196	24	)	)	PUNCT
cblr-2937	1196	25	(	(	PUNCT
cblr-2937	1196	26	affirming	affirm	VERB
cblr-2937	1196	27	dismissal	dismissal	NOUN
cblr-2937	1196	28	of	of	ADP
cblr-2937	1196	29	negligent	negligent	ADJ
cblr-2937	1196	30	misrepresentation	misrepresentation	NOUN
cblr-2937	1196	31	claim	claim	NOUN
cblr-2937	1196	32	against	against	ADP
cblr-2937	1196	33	s&p	s&p	PROPN
cblr-2937	1196	34	based	base	VERB
cblr-2937	1196	35	on	on	ADP
cblr-2937	1196	36	assertion	assertion	NOUN
cblr-2937	1196	37	that	that	SCONJ
cblr-2937	1196	38	agency	agency	NOUN
cblr-2937	1196	39	should	should	AUX
cblr-2937	1196	40	not	not	PART
cblr-2937	1196	41	have	have	AUX
cblr-2937	1196	42	given	give	VERB
cblr-2937	1196	43	'	'	PUNCT
cblr-2937	1196	44	a	a	DET
cblr-2937	1196	45	'	'	PUNCT
cblr-2937	1196	46	rating	rating	NOUN
cblr-2937	1196	47	to	to	ADP
cblr-2937	1196	48	bonds	bond	NOUN
cblr-2937	1196	49	purchased	purchase	VERB
cblr-2937	1196	50	by	by	ADP
cblr-2937	1196	51	bank	bank	PROPN
cblr-2937	1196	52	in	in	ADP
cblr-2937	1196	53	which	which	DET
cblr-2937	1196	54	plaintiff	plaintiff	NOUN
cblr-2937	1196	55	was	be	AUX
cblr-2937	1196	56	a	a	DET
cblr-2937	1196	57	majority	majority	NOUN
cblr-2937	1196	58	shareholder	shareholder	NOUN
cblr-2937	1196	59	on	on	ADP
cblr-2937	1196	60	the	the	DET
cblr-2937	1196	61	ground	ground	NOUN
cblr-2937	1196	62	that	that	DET
cblr-2937	1196	63	plaintiff	plaintiff	NOUN
cblr-2937	1196	64	could	could	AUX
cblr-2937	1196	65	not	not	PART
cblr-2937	1196	66	show	show	VERB
cblr-2937	1196	67	"	"	PUNCT
cblr-2937	1196	68	reasonable	reasonable	ADJ
cblr-2937	1196	69	reliance	reliance	NOUN
cblr-2937	1196	70	"	"	PUNCT
cblr-2937	1196	71	on	on	ADP
cblr-2937	1196	72	rating	rating	NOUN
cblr-2937	1196	73	)	)	PUNCT
cblr-2937	1196	74	.	.	PUNCT
cblr-2937	1197	1	260	260	NUM
cblr-2937	1197	2	see	see	VERB
cblr-2937	1197	3	moody	moody	PROPN
cblr-2937	1197	4	's	's	PART
cblr-2937	1197	5	rating	rating	NOUN
cblr-2937	1197	6	system	system	NOUN
cblr-2937	1197	7	,	,	PUNCT
cblr-2937	1197	8	supra	supra	PROPN
cblr-2937	1197	9	note	note	NOUN
cblr-2937	1197	10	11	11	NUM
cblr-2937	1197	11	.	.	PUNCT
cblr-2937	1198	1	261	261	NUM
cblr-2937	1198	2	this	this	PRON
cblr-2937	1198	3	is	be	AUX
cblr-2937	1198	4	true	true	ADJ
cblr-2937	1198	5	even	even	ADV
cblr-2937	1198	6	if	if	SCONJ
cblr-2937	1198	7	incorporating	incorporate	VERB
cblr-2937	1198	8	ratings	rating	NOUN
cblr-2937	1198	9	into	into	ADP
cblr-2937	1198	10	investment	investment	NOUN
cblr-2937	1198	11	decisions	decision	NOUN
cblr-2937	1198	12	reduces	reduce	VERB
cblr-2937	1198	13	investors	investor	NOUN
cblr-2937	1198	14	'	'	PART
cblr-2937	1198	15	own	own	ADJ
cblr-2937	1198	16	efforts	effort	NOUN
cblr-2937	1198	17	to	to	PART
cblr-2937	1198	18	check	check	VERB
cblr-2937	1198	19	creditworthiness	creditworthiness	NOUN
cblr-2937	1198	20	,	,	PUNCT
cblr-2937	1198	21	as	as	ADV
cblr-2937	1198	22	long	long	ADV
cblr-2937	1198	23	as	as	SCONJ
cblr-2937	1198	24	the	the	DET
cblr-2937	1198	25	agencies	agency	NOUN
cblr-2937	1198	26	can	can	AUX
cblr-2937	1198	27	provide	provide	VERB
cblr-2937	1198	28	high	high	ADJ
cblr-2937	1198	29	-	-	PUNCT
cblr-2937	1198	30	enough	enough	NOUN
cblr-2937	1198	31	quality	quality	NOUN
cblr-2937	1198	32	information	information	NOUN
cblr-2937	1198	33	at	at	ADP
cblr-2937	1198	34	a	a	DET
cblr-2937	1198	35	cost	cost	NOUN
cblr-2937	1198	36	that	that	PRON
cblr-2937	1198	37	is	be	AUX
cblr-2937	1198	38	low	low	ADJ
cblr-2937	1198	39	relative	relative	ADJ
cblr-2937	1198	40	to	to	ADP
cblr-2937	1198	41	the	the	DET
cblr-2937	1198	42	total	total	ADJ
cblr-2937	1198	43	cost	cost	NOUN
cblr-2937	1198	44	of	of	ADP
cblr-2937	1198	45	each	each	PRON
cblr-2937	1198	46	and	and	CCONJ
cblr-2937	1198	47	every	every	DET
cblr-2937	1198	48	investor	investor	NOUN
cblr-2937	1198	49	doing	do	VERB
cblr-2937	1198	50	its	its	PRON
cblr-2937	1198	51	own	own	ADJ
cblr-2937	1198	52	creditworthiness	creditworthiness	NOUN
cblr-2937	1198	53	research	research	NOUN
cblr-2937	1198	54	.	.	PUNCT
cblr-2937	1199	1	see	see	VERB
cblr-2937	1199	2	,	,	PUNCT
cblr-2937	1199	3	e.g.	e.g.	ADV
cblr-2937	1199	4	,	,	PUNCT
cblr-2937	1199	5	husisian	husisian	ADJ
cblr-2937	1199	6	,	,	PUNCT
cblr-2937	1199	7	supra	supra	PROPN
cblr-2937	1199	8	note	note	NOUN
cblr-2937	1199	9	64	64	NUM
cblr-2937	1199	10	,	,	PUNCT
cblr-2937	1199	11	at	at	ADP
cblr-2937	1199	12	416	416	NUM
cblr-2937	1199	13	-	-	SYM
cblr-2937	1199	14	17	17	NUM
cblr-2937	1199	15	.	.	PUNCT
cblr-2937	1200	1	no	no	INTJ
cblr-2937	1200	2	.	.	NOUN
cblr-2937	1201	1	1	1	NUM
cblr-2937	1201	2	:	:	SYM
cblr-2937	1201	3	109	109	NUM
cblr-2937	1201	4	]	]	PUNCT
cblr-2937	1201	5	columbia	columbia	PROPN
cblr-2937	1201	6	business	business	PROPN
cblr-2937	1201	7	law	law	PROPN
cblr-2937	1201	8	review	review	NOUN
cblr-2937	1201	9	instruments	instrument	NOUN
cblr-2937	1201	10	,	,	PUNCT
cblr-2937	1201	11	and	and	CCONJ
cblr-2937	1201	12	the	the	DET
cblr-2937	1201	13	tranche	tranche	NOUN
cblr-2937	1201	14	in	in	ADP
cblr-2937	1201	15	fact	fact	NOUN
cblr-2937	1201	16	is	be	AUX
cblr-2937	1201	17	much	much	ADV
cblr-2937	1201	18	riskier	risky	ADJ
cblr-2937	1201	19	,	,	PUNCT
cblr-2937	1201	20	it	it	PRON
cblr-2937	1201	21	seems	seem	VERB
cblr-2937	1201	22	likely	likely	ADJ
cblr-2937	1201	23	that	that	SCONJ
cblr-2937	1201	24	investment	investment	NOUN
cblr-2937	1201	25	capital	capital	NOUN
cblr-2937	1201	26	has	have	AUX
cblr-2937	1201	27	been	be	AUX
cblr-2937	1201	28	misallocated.262	misallocated.262	NOUN
cblr-2937	1201	29	for	for	ADP
cblr-2937	1201	30	these	these	DET
cblr-2937	1201	31	reasons	reason	NOUN
cblr-2937	1201	32	,	,	PUNCT
cblr-2937	1201	33	it	it	PRON
cblr-2937	1201	34	seems	seem	VERB
cblr-2937	1201	35	likely	likely	ADJ
cblr-2937	1201	36	that	that	SCONJ
cblr-2937	1201	37	lowquality	lowquality	NOUN
cblr-2937	1201	38	ratings	rating	NOUN
cblr-2937	1201	39	can	can	AUX
cblr-2937	1201	40	produce	produce	VERB
cblr-2937	1201	41	social	social	ADJ
cblr-2937	1201	42	losses	loss	NOUN
cblr-2937	1201	43	that	that	PRON
cblr-2937	1201	44	would	would	AUX
cblr-2937	1201	45	not	not	PART
cblr-2937	1201	46	be	be	AUX
cblr-2937	1201	47	internalized	internalize	VERB
cblr-2937	1201	48	by	by	ADP
cblr-2937	1201	49	the	the	DET
cblr-2937	1201	50	party	party	NOUN
cblr-2937	1201	51	that	that	PRON
cblr-2937	1201	52	is	be	AUX
cblr-2937	1201	53	paying	pay	VERB
cblr-2937	1201	54	for	for	ADP
cblr-2937	1201	55	the	the	DET
cblr-2937	1201	56	ratings	rating	NOUN
cblr-2937	1201	57	.	.	PUNCT
cblr-2937	1202	1	moreover	moreover	ADV
cblr-2937	1202	2	,	,	PUNCT
cblr-2937	1202	3	the	the	DET
cblr-2937	1202	4	do	do	AUX
cblr-2937	1202	5	-	-	PUNCT
cblr-2937	1202	6	nothing	nothing	PRON
cblr-2937	1202	7	solution	solution	NOUN
cblr-2937	1202	8	is	be	AUX
cblr-2937	1202	9	commonly	commonly	ADV
cblr-2937	1202	10	rejected	reject	VERB
cblr-2937	1202	11	when	when	SCONJ
cblr-2937	1202	12	the	the	DET
cblr-2937	1202	13	value	value	NOUN
cblr-2937	1202	14	of	of	ADP
cblr-2937	1202	15	what	what	PRON
cblr-2937	1202	16	a	a	DET
cblr-2937	1202	17	party	party	NOUN
cblr-2937	1202	18	provides	provide	VERB
cblr-2937	1202	19	arises	arise	NOUN
cblr-2937	1202	20	in	in	ADP
cblr-2937	1202	21	part	part	NOUN
cblr-2937	1202	22	from	from	ADP
cblr-2937	1202	23	a	a	DET
cblr-2937	1202	24	level	level	NOUN
cblr-2937	1202	25	of	of	ADP
cblr-2937	1202	26	skill	skill	NOUN
cblr-2937	1202	27	that	that	PRON
cblr-2937	1202	28	is	be	AUX
cblr-2937	1202	29	difficult	difficult	ADJ
cblr-2937	1202	30	to	to	PART
cblr-2937	1202	31	monitor	monitor	VERB
cblr-2937	1202	32	.	.	PUNCT
cblr-2937	1203	1	thus	thus	ADV
cblr-2937	1203	2	,	,	PUNCT
cblr-2937	1203	3	doctors	doctor	NOUN
cblr-2937	1203	4	,	,	PUNCT
cblr-2937	1203	5	lawyers	lawyer	NOUN
cblr-2937	1203	6	,	,	PUNCT
cblr-2937	1203	7	and	and	CCONJ
cblr-2937	1203	8	accountants	accountant	NOUN
cblr-2937	1203	9	are	be	AUX
cblr-2937	1203	10	required	require	VERB
cblr-2937	1203	11	to	to	PART
cblr-2937	1203	12	meet	meet	VERB
cblr-2937	1203	13	minimum	minimum	ADJ
cblr-2937	1203	14	standards	standard	NOUN
cblr-2937	1203	15	of	of	ADP
cblr-2937	1203	16	care	care	NOUN
cblr-2937	1203	17	in	in	ADP
cblr-2937	1203	18	providing	provide	VERB
cblr-2937	1203	19	services	service	NOUN
cblr-2937	1203	20	,	,	PUNCT
cblr-2937	1203	21	even	even	ADV
cblr-2937	1203	22	though	though	SCONJ
cblr-2937	1203	23	they	they	PRON
cblr-2937	1203	24	presumably	presumably	ADV
cblr-2937	1203	25	are	be	AUX
cblr-2937	1203	26	concerned	concern	VERB
cblr-2937	1203	27	with	with	ADP
cblr-2937	1203	28	their	their	PRON
cblr-2937	1203	29	reputations.263	reputations.263	PROPN
cblr-2937	1203	30	2	2	NUM
cblr-2937	1203	31	.	.	PUNCT
cblr-2937	1203	32	fraud	fraud	NOUN
cblr-2937	1203	33	liability	liability	NOUN
cblr-2937	1203	34	rating	rating	NOUN
cblr-2937	1203	35	agencies	agency	NOUN
cblr-2937	1203	36	are	be	AUX
cblr-2937	1203	37	currently	currently	ADV
cblr-2937	1203	38	subject	subject	ADJ
cblr-2937	1203	39	to	to	ADP
cblr-2937	1203	40	liability	liability	NOUN
cblr-2937	1203	41	for	for	ADP
cblr-2937	1203	42	securities	security	NOUN
cblr-2937	1203	43	fraud	fraud	NOUN
cblr-2937	1203	44	,	,	PUNCT
cblr-2937	1203	45	and	and	CCONJ
cblr-2937	1203	46	each	each	PRON
cblr-2937	1203	47	of	of	ADP
cblr-2937	1203	48	the	the	DET
cblr-2937	1203	49	major	major	ADJ
cblr-2937	1203	50	rating	rating	NOUN
cblr-2937	1203	51	agencies	agency	NOUN
cblr-2937	1203	52	currently	currently	ADV
cblr-2937	1203	53	faces	face	VERB
cblr-2937	1203	54	a	a	DET
cblr-2937	1203	55	securities	security	NOUN
cblr-2937	1203	56	fraud	fraud	NOUN
cblr-2937	1203	57	class	class	NOUN
cblr-2937	1203	58	action	action	NOUN
cblr-2937	1203	59	arising	arise	VERB
cblr-2937	1203	60	from	from	ADP
cblr-2937	1203	61	the	the	DET
cblr-2937	1203	62	subprime	subprime	ADJ
cblr-2937	1203	63	crisis.2	crisis.2	PROPN
cblr-2937	1203	64	in	in	ADP
cblr-2937	1203	65	three	three	NUM
cblr-2937	1203	66	major	major	ADJ
cblr-2937	1203	67	respects	respect	NOUN
cblr-2937	1203	68	,	,	PUNCT
cblr-2937	1203	69	the	the	PRON
cblr-2937	1203	70	"	"	PUNCT
cblr-2937	1203	71	disclose	disclose	VERB
cblr-2937	1203	72	262	262	NUM
cblr-2937	1203	73	formally	formally	ADV
cblr-2937	1203	74	modeling	modeling	NOUN
cblr-2937	1203	75	this	this	DET
cblr-2937	1203	76	point	point	NOUN
cblr-2937	1203	77	is	be	AUX
cblr-2937	1203	78	beyond	beyond	ADP
cblr-2937	1203	79	the	the	DET
cblr-2937	1203	80	scope	scope	NOUN
cblr-2937	1203	81	of	of	ADP
cblr-2937	1203	82	this	this	DET
cblr-2937	1203	83	paper	paper	NOUN
cblr-2937	1203	84	,	,	PUNCT
cblr-2937	1203	85	and	and	CCONJ
cblr-2937	1203	86	it	it	PRON
cblr-2937	1203	87	is	be	AUX
cblr-2937	1203	88	the	the	DET
cblr-2937	1203	89	author	author	NOUN
cblr-2937	1203	90	's	's	PART
cblr-2937	1203	91	understanding	understanding	NOUN
cblr-2937	1203	92	that	that	SCONJ
cblr-2937	1203	93	the	the	DET
cblr-2937	1203	94	economic	economic	ADJ
cblr-2937	1203	95	literature	literature	NOUN
cblr-2937	1203	96	on	on	ADP
cblr-2937	1203	97	rating	rating	NOUN
cblr-2937	1203	98	agencies	agency	NOUN
cblr-2937	1203	99	does	do	AUX
cblr-2937	1203	100	not	not	PART
cblr-2937	1203	101	address	address	VERB
cblr-2937	1203	102	the	the	DET
cblr-2937	1203	103	social	social	ADJ
cblr-2937	1203	104	-	-	PUNCT
cblr-2937	1203	105	welfare	welfare	NOUN
cblr-2937	1203	106	costs	cost	NOUN
cblr-2937	1203	107	of	of	ADP
cblr-2937	1203	108	poor	poor	ADJ
cblr-2937	1203	109	investment	investment	NOUN
cblr-2937	1203	110	decisions	decision	NOUN
cblr-2937	1203	111	.	.	PUNCT
cblr-2937	1204	1	nevertheless	nevertheless	ADV
cblr-2937	1204	2	,	,	PUNCT
cblr-2937	1204	3	the	the	DET
cblr-2937	1204	4	fundamental	fundamental	ADJ
cblr-2937	1204	5	point	point	NOUN
cblr-2937	1204	6	that	that	SCONJ
cblr-2937	1204	7	capital	capital	NOUN
cblr-2937	1204	8	markets	market	NOUN
cblr-2937	1204	9	function	function	VERB
cblr-2937	1204	10	better	well	ADV
cblr-2937	1204	11	and	and	CCONJ
cblr-2937	1204	12	increase	increase	VERB
cblr-2937	1204	13	welfare	welfare	NOUN
cblr-2937	1204	14	when	when	SCONJ
cblr-2937	1204	15	investors	investor	NOUN
cblr-2937	1204	16	understand	understand	VERB
cblr-2937	1204	17	the	the	DET
cblr-2937	1204	18	risks	risk	NOUN
cblr-2937	1204	19	of	of	ADP
cblr-2937	1204	20	the	the	DET
cblr-2937	1204	21	securities	security	NOUN
cblr-2937	1204	22	they	they	PRON
cblr-2937	1204	23	are	be	AUX
cblr-2937	1204	24	buying	buy	VERB
cblr-2937	1204	25	seems	seem	VERB
cblr-2937	1204	26	difficult	difficult	ADJ
cblr-2937	1204	27	to	to	PART
cblr-2937	1204	28	contest	contest	VERB
cblr-2937	1204	29	.	.	PUNCT
cblr-2937	1205	1	indeed	indeed	ADV
cblr-2937	1205	2	,	,	PUNCT
cblr-2937	1205	3	it	it	PRON
cblr-2937	1205	4	underlies	underlie	VERB
cblr-2937	1205	5	the	the	DET
cblr-2937	1205	6	rationale	rationale	NOUN
cblr-2937	1205	7	for	for	ADP
cblr-2937	1205	8	the	the	DET
cblr-2937	1205	9	existence	existence	NOUN
cblr-2937	1205	10	of	of	ADP
cblr-2937	1205	11	rating	rating	NOUN
cblr-2937	1205	12	agencies	agency	NOUN
cblr-2937	1205	13	.	.	PUNCT
cblr-2937	1206	1	26	26	NUM
cblr-2937	1206	2	house	house	NOUN
cblr-2937	1206	3	structured	structure	VERB
cblr-2937	1206	4	finance	finance	NOUN
cblr-2937	1206	5	hearings	hearing	NOUN
cblr-2937	1206	6	,	,	PUNCT
cblr-2937	1206	7	supra	supra	PROPN
cblr-2937	1206	8	note	note	NOUN
cblr-2937	1206	9	57	57	NUM
cblr-2937	1206	10	,	,	PUNCT
cblr-2937	1206	11	at	at	ADP
cblr-2937	1206	12	44	44	NUM
cblr-2937	1206	13	-	-	SYM
cblr-2937	1206	14	48	48	NUM
cblr-2937	1206	15	(	(	PUNCT
cblr-2937	1206	16	colloquy	colloquy	NOUN
cblr-2937	1206	17	among	among	ADP
cblr-2937	1206	18	various	various	ADJ
cblr-2937	1206	19	representatives	representative	NOUN
cblr-2937	1206	20	and	and	CCONJ
cblr-2937	1206	21	witnesses	witness	NOUN
cblr-2937	1206	22	regarding	regard	VERB
cblr-2937	1206	23	professional	professional	ADJ
cblr-2937	1206	24	liability	liability	NOUN
cblr-2937	1206	25	and	and	CCONJ
cblr-2937	1206	26	the	the	DET
cblr-2937	1206	27	anomaly	anomaly	NOUN
cblr-2937	1206	28	that	that	PRON
cblr-2937	1206	29	would	would	AUX
cblr-2937	1206	30	result	result	VERB
cblr-2937	1206	31	if	if	SCONJ
cblr-2937	1206	32	agencies	agency	NOUN
cblr-2937	1206	33	were	be	AUX
cblr-2937	1206	34	not	not	PART
cblr-2937	1206	35	subject	subject	ADJ
cblr-2937	1206	36	to	to	ADP
cblr-2937	1206	37	it	it	PRON
cblr-2937	1206	38	)	)	PUNCT
cblr-2937	1206	39	.	.	PUNCT
cblr-2937	1207	1	2	2	NUM
cblr-2937	1207	2	"	"	PUNCT
cblr-2937	1207	3	shareholder	shareholder	NOUN
cblr-2937	1207	4	lawsuits	lawsuit	NOUN
cblr-2937	1207	5	based	base	VERB
cblr-2937	1207	6	on	on	ADP
cblr-2937	1207	7	securities	security	NOUN
cblr-2937	1207	8	fraud	fraud	NOUN
cblr-2937	1207	9	theories	theory	NOUN
cblr-2937	1207	10	were	be	AUX
cblr-2937	1207	11	filed	file	VERB
cblr-2937	1207	12	against	against	ADP
cblr-2937	1207	13	(	(	PUNCT
cblr-2937	1207	14	1	1	NUM
cblr-2937	1207	15	)	)	PUNCT
cblr-2937	1207	16	moody	moody	NOUN
cblr-2937	1207	17	's	's	PART
cblr-2937	1207	18	,	,	PUNCT
cblr-2937	1207	19	consolidated	consolidated	ADJ
cblr-2937	1207	20	amended	amend	VERB
cblr-2937	1207	21	complaint	complaint	NOUN
cblr-2937	1207	22	,	,	PUNCT
cblr-2937	1207	23	in	in	ADP
cblr-2937	1207	24	re	re	X
cblr-2937	1207	25	moody	moody	PROPN
cblr-2937	1207	26	's	's	PART
cblr-2937	1207	27	corp	corp	PROPN
cblr-2937	1207	28	.	.	PROPN
cblr-2937	1207	29	secs	secs	PROPN
cblr-2937	1207	30	.	.	PUNCT
cblr-2937	1208	1	litig	litig	PROPN
cblr-2937	1208	2	.	.	PUNCT
cblr-2937	1208	3	,	,	PUNCT
cblr-2937	1209	1	no	no	INTJ
cblr-2937	1209	2	.	.	PUNCT
cblr-2937	1210	1	1:07	1:07	NUM
cblr-2937	1210	2	-	-	PUNCT
cblr-2937	1210	3	cv-8375	cv-8375	NOUN
cblr-2937	1210	4	-	-	PUNCT
cblr-2937	1210	5	swk	swk	NOUN
cblr-2937	1210	6	(	(	PUNCT
cblr-2937	1210	7	s.d.n.y	s.d.n.y	PROPN
cblr-2937	1210	8	.	.	PROPN
cblr-2937	1210	9	june	june	PROPN
cblr-2937	1210	10	27	27	NUM
cblr-2937	1210	11	,	,	PUNCT
cblr-2937	1210	12	2008	2008	NUM
cblr-2937	1210	13	)	)	PUNCT
cblr-2937	1211	1	[	[	X
cblr-2937	1211	2	hereinafter	hereinafter	NOUN
cblr-2937	1211	3	moody	moody	PROPN
cblr-2937	1211	4	's	's	PART
cblr-2937	1211	5	securities	securities	PROPN
cblr-2937	1211	6	fraud	fraud	NOUN
cblr-2937	1211	7	complaint	complaint	PROPN
cblr-2937	1211	8	]	]	X
cblr-2937	1211	9	(	(	PUNCT
cblr-2937	1211	10	briefing	briefing	NOUN
cblr-2937	1211	11	completed	complete	VERB
cblr-2937	1211	12	on	on	ADP
cblr-2937	1211	13	defendants	defendant	NOUN
cblr-2937	1211	14	'	'	PART
cblr-2937	1211	15	motion	motion	NOUN
cblr-2937	1211	16	to	to	PART
cblr-2937	1211	17	dismiss	dismiss	VERB
cblr-2937	1211	18	,	,	PUNCT
cblr-2937	1211	19	dec	dec	PROPN
cblr-2937	1211	20	.	.	PROPN
cblr-2937	1211	21	19	19	NUM
cblr-2937	1211	22	,	,	PUNCT
cblr-2937	1211	23	2008	2008	NUM
cblr-2937	1211	24	)	)	PUNCT
cblr-2937	1211	25	;	;	PUNCT
cblr-2937	1211	26	(	(	PUNCT
cblr-2937	1211	27	2	2	X
cblr-2937	1211	28	)	)	PUNCT
cblr-2937	1211	29	mcgraw	mcgraw	NOUN
cblr-2937	1211	30	-	-	PUNCT
cblr-2937	1211	31	hill	hill	NOUN
cblr-2937	1211	32	,	,	PUNCT
cblr-2937	1211	33	lead	lead	VERB
cblr-2937	1211	34	plaintiffs	plaintiff	NOUN
cblr-2937	1211	35	amended	amend	VERB
cblr-2937	1211	36	consolidated	consolidated	ADJ
cblr-2937	1211	37	class	class	NOUN
cblr-2937	1211	38	action	action	NOUN
cblr-2937	1211	39	complaint	complaint	NOUN
cblr-2937	1211	40	for	for	ADP
cblr-2937	1211	41	securities	security	NOUN
cblr-2937	1211	42	fraud	fraud	NOUN
cblr-2937	1211	43	,	,	PUNCT
cblr-2937	1211	44	reese	reese	PROPN
cblr-2937	1211	45	v.	v.	ADP
cblr-2937	1211	46	the	the	DET
cblr-2937	1211	47	mcgraw	mcgraw	PROPN
cblr-2937	1211	48	-	-	PUNCT
cblr-2937	1211	49	hill	hill	NOUN
cblr-2937	1211	50	cos	cos	PROPN
cblr-2937	1211	51	,	,	PUNCT
cblr-2937	1211	52	no	no	INTJ
cblr-2937	1211	53	.	.	PUNCT
cblr-2937	1212	1	1:08	1:08	NUM
cblr-2937	1212	2	-	-	PUNCT
cblr-2937	1212	3	cv-07202	cv-07202	NOUN
cblr-2937	1212	4	-	-	PUNCT
cblr-2937	1212	5	shs	shs	NOUN
cblr-2937	1212	6	(	(	PUNCT
cblr-2937	1212	7	s.d.n.y	s.d.n.y	PROPN
cblr-2937	1212	8	.	.	PUNCT
cblr-2937	1212	9	dec	dec	PROPN
cblr-2937	1212	10	.	.	PROPN
cblr-2937	1212	11	3	3	NUM
cblr-2937	1212	12	,	,	PUNCT
cblr-2937	1212	13	2008	2008	NUM
cblr-2937	1212	14	)	)	PUNCT
cblr-2937	1213	1	[	[	X
cblr-2937	1213	2	hereinafter	hereinafter	NOUN
cblr-2937	1213	3	s&p	s&p	PROPN
cblr-2937	1213	4	securities	security	NOUN
cblr-2937	1213	5	fraud	fraud	NOUN
cblr-2937	1213	6	complaint	complaint	PROPN
cblr-2937	1213	7	]	]	X
cblr-2937	1213	8	;	;	PUNCT
cblr-2937	1213	9	and	and	CCONJ
cblr-2937	1213	10	(	(	PUNCT
cblr-2937	1213	11	3	3	X
cblr-2937	1213	12	)	)	PUNCT
cblr-2937	1213	13	fitch	fitch	PROPN
cblr-2937	1213	14	,	,	PUNCT
cblr-2937	1213	15	fitch	fitch	NOUN
cblr-2937	1213	16	class	class	NOUN
cblr-2937	1213	17	action	action	NOUN
cblr-2937	1213	18	complaint	complaint	NOUN
cblr-2937	1213	19	for	for	ADP
cblr-2937	1213	20	violations	violation	NOUN
cblr-2937	1213	21	of	of	ADP
cblr-2937	1213	22	the	the	DET
cblr-2937	1213	23	federal	federal	ADJ
cblr-2937	1213	24	securities	security	NOUN
cblr-2937	1213	25	laws	law	NOUN
cblr-2937	1213	26	,	,	PUNCT
cblr-2937	1213	27	indiana	indiana	PROPN
cblr-2937	1213	28	laborers	laborers	PROPN
cblr-2937	1213	29	pension	pension	NOUN
cblr-2937	1213	30	fund	fund	PROPN
cblr-2937	1213	31	v.	v.	ADP
cblr-2937	1213	32	fimalac	fimalac	PROPN
cblr-2937	1213	33	,	,	PUNCT
cblr-2937	1213	34	s.a	s.a	PROPN
cblr-2937	1213	35	.	.	PROPN
cblr-2937	1213	36	,	,	PUNCT
cblr-2937	1213	37	no	no	INTJ
cblr-2937	1213	38	.	.	PUNCT
cblr-2937	1214	1	1:08	1:08	NUM
cblr-2937	1214	2	-	-	PUNCT
cblr-2937	1214	3	cv-05994sas	cv-05994sa	NOUN
cblr-2937	1214	4	(	(	PUNCT
cblr-2937	1214	5	s.d.n.y	s.d.n.y	PROPN
cblr-2937	1214	6	.	.	PROPN
cblr-2937	1215	1	july	july	PROPN
cblr-2937	1215	2	1	1	NUM
cblr-2937	1215	3	,	,	PUNCT
cblr-2937	1215	4	2008	2008	NUM
cblr-2937	1215	5	)	)	PUNCT
cblr-2937	1215	6	(	(	PUNCT
cblr-2937	1215	7	voluntarily	voluntarily	ADV
cblr-2937	1215	8	dismissed	dismiss	VERB
cblr-2937	1215	9	,	,	PUNCT
cblr-2937	1215	10	oct	oct	PROPN
cblr-2937	1215	11	.	.	PROPN
cblr-2937	1215	12	3	3	NUM
cblr-2937	1215	13	,	,	PUNCT
cblr-2937	1215	14	2008	2008	NUM
cblr-2937	1215	15	)	)	PUNCT
cblr-2937	1215	16	.	.	PUNCT
cblr-2937	1216	1	the	the	DET
cblr-2937	1216	2	theory	theory	NOUN
cblr-2937	1216	3	of	of	ADP
cblr-2937	1216	4	these	these	DET
cblr-2937	1216	5	suits	suit	NOUN
cblr-2937	1216	6	is	be	AUX
cblr-2937	1216	7	that	that	SCONJ
cblr-2937	1216	8	the	the	DET
cblr-2937	1216	9	rating	rating	NOUN
cblr-2937	1216	10	agencies	agency	NOUN
cblr-2937	1216	11	failed	fail	VERB
cblr-2937	1216	12	to	to	PART
cblr-2937	1216	13	disclose	disclose	VERB
cblr-2937	1216	14	to	to	ADP
cblr-2937	1216	15	their	their	PRON
cblr-2937	1216	16	investors	investor	NOUN
cblr-2937	1216	17	that	that	SCONJ
cblr-2937	1216	18	their	their	PRON
cblr-2937	1216	19	ratings	rating	NOUN
cblr-2937	1216	20	for	for	ADP
cblr-2937	1216	21	rmbs	rmb	NOUN
cblr-2937	1216	22	and	and	CCONJ
cblr-2937	1216	23	rmbs	rmb	NOUN
cblr-2937	1216	24	-	-	PUNCT
cblr-2937	1216	25	backed	back	VERB
cblr-2937	1216	26	cdos	cdo	NOUN
cblr-2937	1216	27	suffered	suffer	VERB
cblr-2937	1216	28	[	[	X
cblr-2937	1216	29	vol	vol	NOUN
cblr-2937	1216	30	.	.	PUNCT
cblr-2937	1216	31	2009	2009	NUM
cblr-2937	1216	32	from	from	ADP
cblr-2937	1216	33	reliance	reliance	NOUN
cblr-2937	1216	34	on	on	ADP
cblr-2937	1216	35	models	model	NOUN
cblr-2937	1216	36	they	they	PRON
cblr-2937	1216	37	knew	know	VERB
cblr-2937	1216	38	to	to	PART
cblr-2937	1216	39	be	be	AUX
cblr-2937	1216	40	of	of	ADP
cblr-2937	1216	41	poor	poor	ADJ
cblr-2937	1216	42	quality	quality	NOUN
cblr-2937	1216	43	as	as	ADV
cblr-2937	1216	44	well	well	ADV
cblr-2937	1216	45	as	as	ADP
cblr-2937	1216	46	from	from	ADP
cblr-2937	1216	47	abandonment	abandonment	NOUN
cblr-2937	1216	48	of	of	ADP
cblr-2937	1216	49	the	the	DET
cblr-2937	1216	50	agency	agency	NOUN
cblr-2937	1216	51	's	's	PART
cblr-2937	1216	52	own	own	ADJ
cblr-2937	1216	53	rating	rating	NOUN
cblr-2937	1216	54	procedures	procedure	NOUN
cblr-2937	1216	55	and	and	CCONJ
cblr-2937	1216	56	poor	poor	ADJ
cblr-2937	1216	57	frequency	frequency	NOUN
cblr-2937	1216	58	and	and	CCONJ
cblr-2937	1216	59	quality	quality	NOUN
cblr-2937	1216	60	of	of	ADP
cblr-2937	1216	61	ratings	rating	NOUN
cblr-2937	1216	62	surveillance	surveillance	NOUN
cblr-2937	1216	63	,	,	PUNCT
cblr-2937	1216	64	and	and	CCONJ
cblr-2937	1216	65	that	that	SCONJ
cblr-2937	1216	66	the	the	DET
cblr-2937	1216	67	agencies	agency	NOUN
cblr-2937	1216	68	deliberately	deliberately	ADV
cblr-2937	1216	69	overstated	overstate	VERB
cblr-2937	1216	70	the	the	DET
cblr-2937	1216	71	extent	extent	NOUN
cblr-2937	1216	72	of	of	ADP
cblr-2937	1216	73	their	their	PRON
cblr-2937	1216	74	monitoring	monitoring	NOUN
cblr-2937	1216	75	.	.	PUNCT
cblr-2937	1217	1	s&p	s&p	PROPN
cblr-2937	1217	2	securities	securities	PROPN
cblr-2937	1217	3	fraud	fraud	NOUN
cblr-2937	1217	4	complaint	complaint	NOUN
cblr-2937	1217	5	,	,	PUNCT
cblr-2937	1217	6	4	4	X
cblr-2937	1217	7	.	.	PUNCT
cblr-2937	1218	1	the	the	DET
cblr-2937	1218	2	plaintiffs	plaintiff	NOUN
cblr-2937	1218	3	allege	allege	VERB
cblr-2937	1218	4	that	that	SCONJ
cblr-2937	1218	5	these	these	DET
cblr-2937	1218	6	failures	failure	NOUN
cblr-2937	1218	7	to	to	PART
cblr-2937	1218	8	disclose	disclose	VERB
cblr-2937	1218	9	rendered	render	VERB
cblr-2937	1218	10	the	the	DET
cblr-2937	1218	11	agencies	agency	NOUN
cblr-2937	1218	12	'	'	PART
cblr-2937	1218	13	optimistic	optimistic	ADJ
cblr-2937	1218	14	claims	claim	NOUN
cblr-2937	1218	15	about	about	ADP
cblr-2937	1218	16	their	their	PRON
cblr-2937	1218	17	business	business	NOUN
cblr-2937	1218	18	false	false	ADJ
cblr-2937	1218	19	and	and	CCONJ
cblr-2937	1218	20	misleading	misleading	ADJ
cblr-2937	1218	21	.	.	PUNCT
cblr-2937	1219	1	underscoring	underscore	VERB
cblr-2937	1219	2	the	the	DET
cblr-2937	1219	3	difference	difference	NOUN
cblr-2937	1219	4	between	between	ADP
cblr-2937	1219	5	a	a	DET
cblr-2937	1219	6	fraud	fraud	NOUN
cblr-2937	1219	7	-	-	PUNCT
cblr-2937	1219	8	based	base	VERB
cblr-2937	1219	9	standard	standard	ADJ
cblr-2937	1219	10	and	and	CCONJ
cblr-2937	1219	11	direct	direct	ADJ
cblr-2937	1219	12	regulation	regulation	NOUN
cblr-2937	1219	13	of	of	ADP
cblr-2937	1219	14	agency	agency	NOUN
cblr-2937	1219	15	quality	quality	NOUN
cblr-2937	1219	16	,	,	PUNCT
cblr-2937	1219	17	the	the	DET
cblr-2937	1219	18	s&p	s&p	PROPN
cblr-2937	1219	19	complaint	complaint	NOUN
cblr-2937	1219	20	states	state	VERB
cblr-2937	1219	21	that	that	SCONJ
cblr-2937	1219	22	it	it	PRON
cblr-2937	1219	23	is	be	AUX
cblr-2937	1219	24	"	"	PUNCT
cblr-2937	1219	25	not	not	PART
cblr-2937	1219	26	about	about	ADP
cblr-2937	1219	27	the	the	DET
cblr-2937	1219	28	substance	substance	NOUN
cblr-2937	1219	29	of	of	ADP
cblr-2937	1219	30	s&p	s&p	PROPN
cblr-2937	1219	31	's	's	PART
cblr-2937	1219	32	ratings	rating	NOUN
cblr-2937	1219	33	"	"	PUNCT
cblr-2937	1219	34	and	and	CCONJ
cblr-2937	1219	35	"	"	PUNCT
cblr-2937	1219	36	is	be	AUX
cblr-2937	1219	37	not	not	PART
cblr-2937	1219	38	an	an	DET
cblr-2937	1219	39	attack	attack	NOUN
cblr-2937	1219	40	on	on	ADP
cblr-2937	1219	41	the	the	DET
cblr-2937	1219	42	veracity	veracity	NOUN
cblr-2937	1219	43	of	of	ADP
cblr-2937	1219	44	or	or	CCONJ
cblr-2937	1219	45	reasonableness	reasonableness	NOUN
cblr-2937	1219	46	"	"	PUNCT
cblr-2937	1219	47	of	of	ADP
cblr-2937	1219	48	s&p	s&p	PROPN
cblr-2937	1219	49	's	's	PART
cblr-2937	1219	50	"	"	PUNCT
cblr-2937	1219	51	opinions	opinion	NOUN
cblr-2937	1219	52	,	,	PUNCT
cblr-2937	1219	53	"	"	PUNCT
cblr-2937	1219	54	but	but	CCONJ
cblr-2937	1219	55	rather	rather	ADV
cblr-2937	1219	56	on	on	ADP
cblr-2937	1219	57	"	"	PUNCT
cblr-2937	1219	58	false	false	ADJ
cblr-2937	1219	59	and	and	CCONJ
cblr-2937	1219	60	misleading	misleading	ADJ
cblr-2937	1219	61	statements	statement	NOUN
cblr-2937	1219	62	regarding	regard	VERB
cblr-2937	1219	63	mcgraw	mcgraw	PROPN
cblr-2937	1219	64	-	-	PUNCT
cblr-2937	1219	65	hill	hill	NOUN
cblr-2937	1219	66	's	's	PART
cblr-2937	1219	67	true	true	ADJ
cblr-2937	1219	68	financial	financial	ADJ
cblr-2937	1219	69	circumstances	circumstance	NOUN
cblr-2937	1219	70	and	and	CCONJ
cblr-2937	1219	71	future	future	ADJ
cblr-2937	1219	72	business	business	NOUN
cblr-2937	1219	73	prospects	prospect	NOUN
cblr-2937	1219	74	.	.	PUNCT
cblr-2937	1219	75	"	"	PUNCT
cblr-2937	1220	1	s&p	s&p	PROPN
cblr-2937	1220	2	securities	security	NOUN
cblr-2937	1220	3	fraud	fraud	NOUN
cblr-2937	1220	4	complaint	complaint	NOUN
cblr-2937	1220	5	,	,	PUNCT
cblr-2937	1220	6	3	3	X
cblr-2937	1220	7	.	.	PUNCT
cblr-2937	1221	1	the	the	DET
cblr-2937	1221	2	false	false	ADJ
cblr-2937	1221	3	statements	statement	NOUN
cblr-2937	1221	4	at	at	ADP
cblr-2937	1221	5	issue	issue	NOUN
cblr-2937	1221	6	in	in	ADP
cblr-2937	1221	7	these	these	DET
cblr-2937	1221	8	actions	action	NOUN
cblr-2937	1221	9	are	be	AUX
cblr-2937	1221	10	the	the	DET
cblr-2937	1221	11	companies	company	NOUN
cblr-2937	1221	12	'	'	PART
cblr-2937	1221	13	statements	statement	NOUN
cblr-2937	1221	14	about	about	ADP
cblr-2937	1221	15	their	their	PRON
cblr-2937	1221	16	businesses	business	NOUN
cblr-2937	1221	17	,	,	PUNCT
cblr-2937	1221	18	not	not	PART
cblr-2937	1221	19	the	the	DET
cblr-2937	1221	20	ratings	rating	NOUN
cblr-2937	1221	21	themselves	themselves	PRON
cblr-2937	1221	22	.	.	PUNCT
cblr-2937	1222	1	one	one	NUM
cblr-2937	1222	2	paper	paper	NOUN
cblr-2937	1222	3	argues	argue	VERB
cblr-2937	1222	4	that	that	SCONJ
cblr-2937	1222	5	even	even	ADV
cblr-2937	1222	6	if	if	SCONJ
cblr-2937	1222	7	the	the	DET
cblr-2937	1222	8	rating	rating	NOUN
cblr-2937	1222	9	agencies	agency	NOUN
cblr-2937	1222	10	engaged	engage	VERB
cblr-2937	1222	11	in	in	ADP
cblr-2937	1222	12	questionable	questionable	ADJ
cblr-2937	1222	13	business	business	NOUN
cblr-2937	1222	14	practices	practice	NOUN
cblr-2937	1222	15	,	,	PUNCT
cblr-2937	1222	16	that	that	PRON
cblr-2937	1222	17	does	do	AUX
cblr-2937	1222	18	not	not	PART
cblr-2937	1222	19	establish	establish	VERB
cblr-2937	1222	20	that	that	SCONJ
cblr-2937	1222	21	the	the	DET
cblr-2937	1222	22	stock	stock	NOUN
cblr-2937	1222	23	price	price	NOUN
cblr-2937	1222	24	failed	fail	VERB
cblr-2937	1222	25	to	to	PART
cblr-2937	1222	26	reflect	reflect	VERB
cblr-2937	1222	27	the	the	DET
cblr-2937	1222	28	"	"	PUNCT
cblr-2937	1222	29	true	true	ADJ
cblr-2937	1222	30	value	value	NOUN
cblr-2937	1222	31	of	of	ADP
cblr-2937	1222	32	the	the	DET
cblr-2937	1222	33	business	business	NOUN
cblr-2937	1222	34	so	so	ADV
cblr-2937	1222	35	conducted	conduct	VERB
cblr-2937	1222	36	.	.	PUNCT
cblr-2937	1222	37	"	"	PUNCT
cblr-2937	1223	1	bethel	bethel	PROPN
cblr-2937	1223	2	et	et	PROPN
cblr-2937	1223	3	al	al	PROPN
cblr-2937	1223	4	.	.	PROPN
cblr-2937	1223	5	,	,	PUNCT
cblr-2937	1223	6	supra	supra	PROPN
cblr-2937	1223	7	note	note	PROPN
cblr-2937	1223	8	26	26	NUM
cblr-2937	1223	9	,	,	PUNCT
cblr-2937	1223	10	at	at	ADP
cblr-2937	1223	11	59	59	NUM
cblr-2937	1223	12	.	.	PUNCT
cblr-2937	1224	1	the	the	DET
cblr-2937	1224	2	suggestion	suggestion	NOUN
cblr-2937	1224	3	appears	appear	VERB
cblr-2937	1224	4	to	to	PART
cblr-2937	1224	5	be	be	AUX
cblr-2937	1224	6	that	that	SCONJ
cblr-2937	1224	7	in	in	ADP
cblr-2937	1224	8	light	light	NOUN
cblr-2937	1224	9	of	of	ADP
cblr-2937	1224	10	widespread	widespread	ADJ
cblr-2937	1224	11	awareness	awareness	NOUN
cblr-2937	1224	12	of	of	ADP
cblr-2937	1224	13	the	the	DET
cblr-2937	1224	14	problems	problem	NOUN
cblr-2937	1224	15	,	,	PUNCT
cblr-2937	1224	16	the	the	DET
cblr-2937	1224	17	agencies	agency	NOUN
cblr-2937	1224	18	might	might	AUX
cblr-2937	1224	19	have	have	VERB
cblr-2937	1224	20	a	a	DET
cblr-2937	1224	21	"	"	PUNCT
cblr-2937	1224	22	truth	truth	NOUN
cblr-2937	1224	23	on	on	ADP
cblr-2937	1224	24	the	the	DET
cblr-2937	1224	25	market	market	NOUN
cblr-2937	1224	26	"	"	PUNCT
cblr-2937	1224	27	defense	defense	NOUN
cblr-2937	1224	28	to	to	ADP
cblr-2937	1224	29	securities	security	NOUN
cblr-2937	1224	30	fraud	fraud	NOUN
cblr-2937	1224	31	claims	claim	NOUN
cblr-2937	1224	32	.	.	PUNCT
cblr-2937	1225	1	further	far	ADV
cblr-2937	1225	2	underscoring	underscore	VERB
cblr-2937	1225	3	the	the	DET
cblr-2937	1225	4	difference	difference	NOUN
cblr-2937	1225	5	between	between	ADP
cblr-2937	1225	6	fraud	fraud	NOUN
cblr-2937	1225	7	-	-	PUNCT
cblr-2937	1225	8	based	base	VERB
cblr-2937	1225	9	and	and	CCONJ
cblr-2937	1225	10	quality	quality	NOUN
cblr-2937	1225	11	-	-	PUNCT
cblr-2937	1225	12	based	base	VERB
cblr-2937	1225	13	liability	liability	NOUN
cblr-2937	1225	14	,	,	PUNCT
cblr-2937	1225	15	moody	moody	PROPN
cblr-2937	1225	16	's	's	PART
cblr-2937	1225	17	motion	motion	NOUN
cblr-2937	1225	18	to	to	PART
cblr-2937	1225	19	dismiss	dismiss	VERB
cblr-2937	1225	20	the	the	DET
cblr-2937	1225	21	action	action	NOUN
cblr-2937	1225	22	against	against	ADP
cblr-2937	1225	23	it	it	PRON
cblr-2937	1225	24	heavily	heavily	ADV
cblr-2937	1225	25	emphasizes	emphasize	VERB
cblr-2937	1225	26	arguments	argument	NOUN
cblr-2937	1225	27	that	that	PRON
cblr-2937	1225	28	distinguish	distinguish	VERB
cblr-2937	1225	29	between	between	ADP
cblr-2937	1225	30	low	low	ADJ
cblr-2937	1225	31	-	-	PUNCT
cblr-2937	1225	32	quality	quality	NOUN
cblr-2937	1225	33	production	production	NOUN
cblr-2937	1225	34	and	and	CCONJ
cblr-2937	1225	35	fraud	fraud	NOUN
cblr-2937	1225	36	,	,	PUNCT
cblr-2937	1225	37	contending	contend	VERB
cblr-2937	1225	38	:	:	PUNCT
cblr-2937	1225	39	(	(	PUNCT
cblr-2937	1225	40	1	1	X
cblr-2937	1225	41	)	)	PUNCT
cblr-2937	1225	42	mass	mass	NOUN
cblr-2937	1225	43	downgrades	downgrade	NOUN
cblr-2937	1225	44	of	of	ADP
cblr-2937	1225	45	structured	structure	VERB
cblr-2937	1225	46	-	-	PUNCT
cblr-2937	1225	47	finance	finance	NOUN
cblr-2937	1225	48	securities	security	NOUN
cblr-2937	1225	49	reveal	reveal	VERB
cblr-2937	1225	50	only	only	ADV
cblr-2937	1225	51	that	that	SCONJ
cblr-2937	1225	52	ratings	rating	NOUN
cblr-2937	1225	53	are	be	AUX
cblr-2937	1225	54	"	"	PUNCT
cblr-2937	1225	55	no	no	ADV
cblr-2937	1225	56	longer	long	ADV
cblr-2937	1225	57	accurate	accurate	ADJ
cblr-2937	1225	58	,	,	PUNCT
cblr-2937	1225	59	"	"	PUNCT
cblr-2937	1225	60	not	not	PART
cblr-2937	1225	61	that	that	SCONJ
cblr-2937	1225	62	they	they	PRON
cblr-2937	1225	63	were	be	AUX
cblr-2937	1225	64	"	"	PUNCT
cblr-2937	1225	65	fraudulent	fraudulent	ADJ
cblr-2937	1225	66	when	when	SCONJ
cblr-2937	1225	67	issued	issue	VERB
cblr-2937	1225	68	.	.	PUNCT
cblr-2937	1225	69	"	"	PUNCT
cblr-2937	1226	1	defendants	defendant	NOUN
cblr-2937	1226	2	'	'	PART
cblr-2937	1226	3	memorandum	memorandum	NOUN
cblr-2937	1226	4	of	of	ADP
cblr-2937	1226	5	law	law	NOUN
cblr-2937	1226	6	in	in	ADP
cblr-2937	1226	7	support	support	NOUN
cblr-2937	1226	8	of	of	ADP
cblr-2937	1226	9	motion	motion	NOUN
cblr-2937	1226	10	to	to	PART
cblr-2937	1226	11	dismiss	dismiss	VERB
cblr-2937	1226	12	the	the	DET
cblr-2937	1226	13	consolidated	consolidate	VERB
cblr-2937	1226	14	amended	amend	VERB
cblr-2937	1226	15	complaint	complaint	NOUN
cblr-2937	1226	16	at	at	ADP
cblr-2937	1226	17	16	16	NUM
cblr-2937	1226	18	-	-	SYM
cblr-2937	1226	19	17	17	NUM
cblr-2937	1226	20	,	,	PUNCT
cblr-2937	1226	21	in	in	ADP
cblr-2937	1226	22	re	re	X
cblr-2937	1226	23	moody	moody	PROPN
cblr-2937	1226	24	's	's	PART
cblr-2937	1226	25	corp	corp	PROPN
cblr-2937	1226	26	.	.	PROPN
cblr-2937	1226	27	secs	secs	PROPN
cblr-2937	1226	28	.	.	PUNCT
cblr-2937	1227	1	litig	litig	PROPN
cblr-2937	1227	2	.	.	PUNCT
cblr-2937	1227	3	,	,	PUNCT
cblr-2937	1228	1	no	no	INTJ
cblr-2937	1228	2	.	.	PUNCT
cblr-2937	1229	1	1:07	1:07	NUM
cblr-2937	1229	2	-	-	PUNCT
cblr-2937	1229	3	cv-8375	cv-8375	NOUN
cblr-2937	1229	4	-	-	PUNCT
cblr-2937	1229	5	swk	swk	NOUN
cblr-2937	1229	6	(	(	PUNCT
cblr-2937	1229	7	s.d.n.y	s.d.n.y	PROPN
cblr-2937	1229	8	.	.	PUNCT
cblr-2937	1229	9	sept	sept	PROPN
cblr-2937	1229	10	.	.	PROPN
cblr-2937	1229	11	26	26	NUM
cblr-2937	1229	12	,	,	PUNCT
cblr-2937	1229	13	2008	2008	NUM
cblr-2937	1229	14	)	)	PUNCT
cblr-2937	1229	15	;	;	PUNCT
cblr-2937	1229	16	(	(	PUNCT
cblr-2937	1229	17	2	2	X
cblr-2937	1229	18	)	)	PUNCT
cblr-2937	1229	19	moody	moody	NOUN
cblr-2937	1229	20	's	's	PART
cblr-2937	1229	21	claims	claim	NOUN
cblr-2937	1229	22	of	of	ADP
cblr-2937	1229	23	integrity	integrity	NOUN
cblr-2937	1229	24	and	and	CCONJ
cblr-2937	1229	25	high	high	ADJ
cblr-2937	1229	26	quality	quality	NOUN
cblr-2937	1229	27	are	be	AUX
cblr-2937	1229	28	"	"	PUNCT
cblr-2937	1229	29	mere	mere	ADJ
cblr-2937	1229	30	puffery	puffery	NOUN
cblr-2937	1229	31	"	"	PUNCT
cblr-2937	1229	32	and	and	CCONJ
cblr-2937	1229	33	not	not	PART
cblr-2937	1229	34	actionable	actionable	ADJ
cblr-2937	1229	35	misstatements	misstatement	NOUN
cblr-2937	1229	36	,	,	PUNCT
cblr-2937	1229	37	i	i	PRON
cblr-2937	1229	38	d.	d.	PROPN
cblr-2937	1229	39	at	at	ADP
cblr-2937	1229	40	25	25	NUM
cblr-2937	1229	41	-	-	SYM
cblr-2937	1229	42	27	27	NUM
cblr-2937	1229	43	;	;	PUNCT
cblr-2937	1229	44	(	(	PUNCT
cblr-2937	1229	45	3	3	X
cblr-2937	1229	46	)	)	PUNCT
cblr-2937	1229	47	moody	moody	NOUN
cblr-2937	1229	48	's	's	PART
cblr-2937	1229	49	did	do	AUX
cblr-2937	1229	50	not	not	PART
cblr-2937	1229	51	possess	possess	VERB
cblr-2937	1229	52	the	the	DET
cblr-2937	1229	53	requisite	requisite	ADJ
cblr-2937	1229	54	scienter	scienter	NOUN
cblr-2937	1229	55	for	for	ADP
cblr-2937	1229	56	fraud	fraud	NOUN
cblr-2937	1229	57	,	,	PUNCT
cblr-2937	1229	58	i	i	PRON
cblr-2937	1229	59	d.	d.	VERB
cblr-2937	1229	60	at	at	ADP
cblr-2937	1229	61	29	29	NUM
cblr-2937	1229	62	-	-	SYM
cblr-2937	1229	63	37	37	NUM
cblr-2937	1229	64	.	.	PUNCT
cblr-2937	1230	1	in	in	ADP
cblr-2937	1230	2	blomquist	blomquist	NOUN
cblr-2937	1230	3	v.	v.	ADP
cblr-2937	1230	4	washington	washington	PROPN
cblr-2937	1230	5	mutual	mutual	ADJ
cblr-2937	1230	6	,	,	PUNCT
cblr-2937	1230	7	no	no	INTJ
cblr-2937	1230	8	.	.	NOUN
cblr-2937	1230	9	07	07	NUM
cblr-2937	1230	10	-	-	PUNCT
cblr-2937	1230	11	cv-04108	cv-04108	PROPN
cblr-2937	1230	12	hrl	hrl	PROPN
cblr-2937	1230	13	(	(	PUNCT
cblr-2937	1230	14	n.d	n.d	PROPN
cblr-2937	1230	15	.	.	PROPN
cblr-2937	1230	16	cal	cal	PROPN
cblr-2937	1230	17	.	.	PUNCT
cblr-2937	1231	1	filed	file	VERB
cblr-2937	1231	2	sept	sept	PROPN
cblr-2937	1231	3	.	.	PROPN
cblr-2937	1231	4	10	10	NUM
cblr-2937	1231	5	,	,	PUNCT
cblr-2937	1231	6	2007	2007	NUM
cblr-2937	1231	7	)	)	PUNCT
cblr-2937	1232	1	[	[	X
cblr-2937	1232	2	hereinafter	hereinafter	NOUN
cblr-2937	1232	3	blomquist	blomquist	NOUN
cblr-2937	1232	4	action	action	NOUN
cblr-2937	1232	5	)	)	PUNCT
cblr-2937	1232	6	,	,	PUNCT
cblr-2937	1232	7	a	a	DET
cblr-2937	1232	8	former	former	ADJ
cblr-2937	1232	9	real	real	ADJ
cblr-2937	1232	10	estate	estate	NOUN
cblr-2937	1232	11	agent	agent	NOUN
cblr-2937	1232	12	proceeding	proceed	VERB
cblr-2937	1232	13	pro	pro	X
cblr-2937	1232	14	se	se	PROPN
cblr-2937	1232	15	sought	seek	VERB
cblr-2937	1232	16	to	to	PART
cblr-2937	1232	17	recover	recover	VERB
cblr-2937	1232	18	from	from	ADP
cblr-2937	1232	19	the	the	DET
cblr-2937	1232	20	three	three	NUM
cblr-2937	1232	21	major	major	ADJ
cblr-2937	1232	22	rating	rating	NOUN
cblr-2937	1232	23	agencies	agency	NOUN
cblr-2937	1232	24	(	(	PUNCT
cblr-2937	1232	25	as	as	ADV
cblr-2937	1232	26	well	well	ADV
cblr-2937	1232	27	as	as	ADP
cblr-2937	1232	28	many	many	ADJ
cblr-2937	1232	29	other	other	ADJ
cblr-2937	1232	30	participants	participant	NOUN
cblr-2937	1232	31	in	in	ADP
cblr-2937	1232	32	real	real	ADJ
cblr-2937	1232	33	-	-	PUNCT
cblr-2937	1232	34	estate	estate	NOUN
cblr-2937	1232	35	securitizations	securitization	NOUN
cblr-2937	1232	36	)	)	PUNCT
cblr-2937	1232	37	on	on	ADP
cblr-2937	1232	38	antitrust	antitrust	ADJ
cblr-2937	1232	39	and	and	CCONJ
cblr-2937	1232	40	securities	security	NOUN
cblr-2937	1232	41	fraud	fraud	NOUN
cblr-2937	1232	42	theories	theory	NOUN
cblr-2937	1232	43	.	.	PUNCT
cblr-2937	1233	1	amended	amend	VERB
cblr-2937	1233	2	complaint	complaint	NOUN
cblr-2937	1233	3	,	,	PUNCT
cblr-2937	1233	4	blomquist	blomquist	NOUN
cblr-2937	1233	5	action	action	NOUN
cblr-2937	1233	6	(	(	PUNCT
cblr-2937	1233	7	sept	sept	PROPN
cblr-2937	1233	8	.	.	PROPN
cblr-2937	1233	9	10	10	NUM
cblr-2937	1233	10	,	,	PUNCT
cblr-2937	1233	11	2007	2007	NUM
cblr-2937	1233	12	)	)	PUNCT
cblr-2937	1233	13	.	.	PUNCT
cblr-2937	1234	1	blomquist	blomquist	PROPN
cblr-2937	1234	2	's	's	PART
cblr-2937	1234	3	theory	theory	NOUN
cblr-2937	1234	4	of	of	ADP
cblr-2937	1234	5	rating	rating	NOUN
cblr-2937	1234	6	-	-	PUNCT
cblr-2937	1234	7	agency	agency	NOUN
cblr-2937	1234	8	liability	liability	NOUN
cblr-2937	1234	9	is	be	AUX
cblr-2937	1234	10	unclear	unclear	ADJ
cblr-2937	1234	11	,	,	PUNCT
cblr-2937	1234	12	although	although	SCONJ
cblr-2937	1234	13	blomquist	blomquist	NOUN
cblr-2937	1234	14	argued	argue	VERB
cblr-2937	1234	15	that	that	SCONJ
cblr-2937	1234	16	all	all	DET
cblr-2937	1234	17	their	their	PRON
cblr-2937	1234	18	real	real	ADJ
cblr-2937	1234	19	-	-	PUNCT
cblr-2937	1234	20	estate	estate	NOUN
cblr-2937	1234	21	security	security	NOUN
cblr-2937	1234	22	ratings	rating	NOUN
cblr-2937	1234	23	are	be	AUX
cblr-2937	1234	24	"	"	PUNCT
cblr-2937	1234	25	tainted	taint	VERB
cblr-2937	1234	26	with	with	ADP
cblr-2937	1234	27	fraud	fraud	NOUN
cblr-2937	1234	28	.	.	PUNCT
cblr-2937	1234	29	"	"	PUNCT
cblr-2937	1235	1	opposition	opposition	NOUN
cblr-2937	1235	2	to	to	ADP
cblr-2937	1235	3	defendants	defendant	NOUN
cblr-2937	1235	4	'	'	PART
cblr-2937	1235	5	motions	motion	NOUN
cblr-2937	1235	6	to	to	PART
cblr-2937	1235	7	dismiss	dismiss	VERB
cblr-2937	1235	8	;	;	PUNCT
cblr-2937	1235	9	memorandum	memorandum	NOUN
cblr-2937	1235	10	of	of	ADP
cblr-2937	1235	11	points	point	NOUN
cblr-2937	1235	12	&	&	CCONJ
cblr-2937	1235	13	authorities	authority	NOUN
cblr-2937	1235	14	at	at	ADP
cblr-2937	1235	15	6	6	NUM
cblr-2937	1235	16	-	-	SYM
cblr-2937	1235	17	7	7	NUM
cblr-2937	1235	18	,	,	PUNCT
cblr-2937	1235	19	blomquist	blomquist	ADJ
cblr-2937	1235	20	action	action	NOUN
cblr-2937	1235	21	(	(	PUNCT
cblr-2937	1235	22	july	july	PROPN
cblr-2937	1235	23	1	1	NUM
cblr-2937	1235	24	,	,	PUNCT
cblr-2937	1235	25	2008	2008	NUM
cblr-2937	1235	26	)	)	PUNCT
cblr-2937	1235	27	.	.	PUNCT
cblr-2937	1236	1	blomquist	blomquist	NOUN
cblr-2937	1236	2	addressed	address	VERB
cblr-2937	1236	3	the	the	DET
cblr-2937	1236	4	rating	rating	NOUN
cblr-2937	1236	5	agencies	agency	NOUN
cblr-2937	1236	6	'	'	PART
cblr-2937	1236	7	first	first	ADJ
cblr-2937	1236	8	amendment	amendment	NOUN
cblr-2937	1236	9	defense	defense	NOUN
cblr-2937	1236	10	by	by	ADP
cblr-2937	1236	11	asserting	assert	VERB
cblr-2937	1236	12	that	that	SCONJ
cblr-2937	1236	13	they	they	PRON
cblr-2937	1236	14	acted	act	VERB
cblr-2937	1236	15	with	with	ADP
cblr-2937	1236	16	reckless	reckless	ADJ
cblr-2937	1236	17	disregard	disregard	NOUN
cblr-2937	1236	18	for	for	ADP
cblr-2937	1236	19	the	the	DET
cblr-2937	1236	20	truth	truth	NOUN
cblr-2937	1236	21	by	by	ADP
cblr-2937	1236	22	failing	fail	VERB
cblr-2937	1236	23	to	to	PART
cblr-2937	1236	24	verify	verify	VERB
cblr-2937	1236	25	borrowers	borrower	NOUN
cblr-2937	1236	26	'	'	PART
cblr-2937	1236	27	incomes	income	NOUN
cblr-2937	1236	28	on	on	ADP
cblr-2937	1236	29	stated	state	VERB
cblr-2937	1236	30	-	-	PUNCT
cblr-2937	1236	31	income	income	NOUN
cblr-2937	1236	32	loans	loan	NOUN
cblr-2937	1236	33	.	.	PUNCT
cblr-2937	1237	1	i	i	PRON
cblr-2937	1237	2	d.	d.	PROPN
cblr-2937	1237	3	at	at	ADP
cblr-2937	1237	4	8	8	NUM
cblr-2937	1237	5	.	.	PUNCT
cblr-2937	1238	1	on	on	ADP
cblr-2937	1238	2	july	july	PROPN
cblr-2937	1238	3	23	23	NUM
cblr-2937	1238	4	,	,	PUNCT
cblr-2937	1238	5	2008	2008	NUM
cblr-2937	1238	6	,	,	PUNCT
cblr-2937	1238	7	the	the	DET
cblr-2937	1238	8	court	court	NOUN
cblr-2937	1238	9	granted	grant	VERB
cblr-2937	1238	10	the	the	DET
cblr-2937	1238	11	rating	rating	NOUN
cblr-2937	1238	12	agencies	agency	NOUN
cblr-2937	1238	13	'	'	PART
cblr-2937	1238	14	motions	motion	NOUN
cblr-2937	1238	15	to	to	PART
cblr-2937	1238	16	dismiss	dismiss	VERB
cblr-2937	1238	17	for	for	ADP
cblr-2937	1238	18	lack	lack	NOUN
cblr-2937	1238	19	of	of	ADP
cblr-2937	1238	20	standing	standing	NOUN
cblr-2937	1238	21	and	and	CCONJ
cblr-2937	1238	22	failure	failure	NOUN
cblr-2937	1238	23	to	to	PART
cblr-2937	1238	24	state	state	VERB
cblr-2937	1238	25	no	no	INTJ
cblr-2937	1238	26	.	.	NOUN
cblr-2937	1238	27	1	1	NUM
cblr-2937	1238	28	:	:	SYM
cblr-2937	1238	29	109	109	NUM
cblr-2937	1238	30	]	]	PUNCT
cblr-2937	1238	31	credit	credit	NOUN
cblr-2937	1238	32	ra	ra	PROPN
cblr-2937	1238	33	ting	te	VERB
cblr-2937	1238	34	a	a	DET
cblr-2937	1238	35	gencies	gencies	PROPN
cblr-2937	1238	36	columbia	columbia	PROPN
cblr-2937	1238	37	business	business	PROPN
cblr-2937	1238	38	la	la	PROPN
cblr-2937	1238	39	w	w	PROPN
cblr-2937	1238	40	review	review	NOUN
cblr-2937	1238	41	or	or	CCONJ
cblr-2937	1238	42	disgorge	disgorge	VERB
cblr-2937	1238	43	"	"	PUNCT
cblr-2937	1238	44	proposal	proposal	NOUN
cblr-2937	1238	45	advanced	advance	VERB
cblr-2937	1238	46	here	here	ADV
cblr-2937	1238	47	is	be	AUX
cblr-2937	1238	48	different	different	ADJ
cblr-2937	1238	49	from	from	ADP
cblr-2937	1238	50	,	,	PUNCT
cblr-2937	1238	51	and	and	CCONJ
cblr-2937	1238	52	superior	superior	ADJ
cblr-2937	1238	53	to	to	ADP
cblr-2937	1238	54	,	,	PUNCT
cblr-2937	1238	55	fraud	fraud	VERB
cblr-2937	1238	56	as	as	ADP
cblr-2937	1238	57	a	a	DET
cblr-2937	1238	58	way	way	NOUN
cblr-2937	1238	59	of	of	ADP
cblr-2937	1238	60	dealing	deal	VERB
cblr-2937	1238	61	with	with	ADP
cblr-2937	1238	62	the	the	DET
cblr-2937	1238	63	failures	failure	NOUN
cblr-2937	1238	64	of	of	ADP
cblr-2937	1238	65	the	the	DET
cblr-2937	1238	66	reputation	reputation	NOUN
cblr-2937	1238	67	mechanism	mechanism	NOUN
cblr-2937	1238	68	:	:	PUNCT
cblr-2937	1238	69	(	(	PUNCT
cblr-2937	1238	70	1	1	X
cblr-2937	1238	71	)	)	PUNCT
cblr-2937	1238	72	it	it	PRON
cblr-2937	1238	73	entails	entail	VERB
cblr-2937	1238	74	no	no	DET
cblr-2937	1238	75	inquiry	inquiry	NOUN
cblr-2937	1238	76	into	into	ADP
cblr-2937	1238	77	the	the	DET
cblr-2937	1238	78	agency	agency	NOUN
cblr-2937	1238	79	's	's	PART
cblr-2937	1238	80	mental	mental	ADJ
cblr-2937	1238	81	state	state	NOUN
cblr-2937	1238	82	;	;	PUNCT
cblr-2937	1238	83	(	(	PUNCT
cblr-2937	1238	84	2	2	X
cblr-2937	1238	85	)	)	PUNCT
cblr-2937	1238	86	it	it	PRON
cblr-2937	1238	87	is	be	AUX
cblr-2937	1238	88	based	base	VERB
cblr-2937	1238	89	on	on	ADP
cblr-2937	1238	90	the	the	DET
cblr-2937	1238	91	ultimately	ultimately	ADV
cblr-2937	1238	92	discovered	discover	VERB
cblr-2937	1238	93	level	level	NOUN
cblr-2937	1238	94	of	of	ADP
cblr-2937	1238	95	rating	rating	NOUN
cblr-2937	1238	96	quality	quality	NOUN
cblr-2937	1238	97	rather	rather	ADV
cblr-2937	1238	98	than	than	ADP
cblr-2937	1238	99	whether	whether	SCONJ
cblr-2937	1238	100	the	the	DET
cblr-2937	1238	101	rating	rating	NOUN
cblr-2937	1238	102	can	can	AUX
cblr-2937	1238	103	be	be	AUX
cblr-2937	1238	104	characterized	characterize	VERB
cblr-2937	1238	105	as	as	ADP
cblr-2937	1238	106	a	a	DET
cblr-2937	1238	107	"	"	PUNCT
cblr-2937	1238	108	misstatement	misstatement	NOUN
cblr-2937	1238	109	,	,	PUNCT
cblr-2937	1238	110	"	"	PUNCT
cblr-2937	1238	111	which	which	PRON
cblr-2937	1238	112	may	may	AUX
cblr-2937	1238	113	turn	turn	VERB
cblr-2937	1238	114	on	on	ADP
cblr-2937	1238	115	the	the	DET
cblr-2937	1238	116	"	"	PUNCT
cblr-2937	1238	117	reasonableness	reasonableness	NOUN
cblr-2937	1238	118	"	"	PUNCT
cblr-2937	1238	119	of	of	ADP
cblr-2937	1238	120	the	the	DET
cblr-2937	1238	121	agency	agency	NOUN
cblr-2937	1238	122	's	's	PART
cblr-2937	1238	123	basis	basis	NOUN
cblr-2937	1238	124	for	for	ADP
cblr-2937	1238	125	making	make	VERB
cblr-2937	1238	126	statements	statement	NOUN
cblr-2937	1238	127	at	at	ADP
cblr-2937	1238	128	the	the	DET
cblr-2937	1238	129	time	time	NOUN
cblr-2937	1238	130	they	they	PRON
cblr-2937	1238	131	were	be	AUX
cblr-2937	1238	132	made	make	VERB
cblr-2937	1238	133	;	;	PUNCT
cblr-2937	1238	134	and	and	CCONJ
cblr-2937	1238	135	(	(	PUNCT
cblr-2937	1238	136	3	3	X
cblr-2937	1238	137	)	)	PUNCT
cblr-2937	1238	138	it	it	PRON
cblr-2937	1238	139	uses	use	VERB
cblr-2937	1238	140	a	a	DET
cblr-2937	1238	141	disgorgement	disgorgement	NOUN
cblr-2937	1238	142	rather	rather	ADV
cblr-2937	1238	143	than	than	ADP
cblr-2937	1238	144	a	a	DET
cblr-2937	1238	145	damages	damage	NOUN
cblr-2937	1238	146	remedy	remedy	NOUN
cblr-2937	1238	147	.	.	PUNCT
cblr-2937	1239	1	intent	intent	NOUN
cblr-2937	1239	2	to	to	PART
cblr-2937	1239	3	deceive	deceive	VERB
cblr-2937	1239	4	is	be	AUX
cblr-2937	1239	5	a	a	DET
cblr-2937	1239	6	defining	define	VERB
cblr-2937	1239	7	characteristic	characteristic	NOUN
cblr-2937	1239	8	of	of	ADP
cblr-2937	1239	9	fraud	fraud	NOUN
cblr-2937	1239	10	,	,	PUNCT
cblr-2937	1239	11	and	and	CCONJ
cblr-2937	1239	12	in	in	ADP
cblr-2937	1239	13	the	the	DET
cblr-2937	1239	14	case	case	NOUN
cblr-2937	1239	15	of	of	ADP
cblr-2937	1239	16	securities	security	NOUN
cblr-2937	1239	17	fraud	fraud	NOUN
cblr-2937	1239	18	,	,	PUNCT
cblr-2937	1239	19	a	a	DET
cblr-2937	1239	20	private	private	ADJ
cblr-2937	1239	21	plaintiff	plaintiff	NOUN
cblr-2937	1239	22	must	must	AUX
cblr-2937	1239	23	plead	plead	VERB
cblr-2937	1239	24	facts	fact	NOUN
cblr-2937	1239	25	giving	give	VERB
cblr-2937	1239	26	rise	rise	NOUN
cblr-2937	1239	27	to	to	ADP
cblr-2937	1239	28	a	a	DET
cblr-2937	1239	29	strong	strong	ADJ
cblr-2937	1239	30	inference	inference	NOUN
cblr-2937	1239	31	of	of	ADP
cblr-2937	1239	32	intent	intent	NOUN
cblr-2937	1239	33	to	to	PART
cblr-2937	1239	34	deceive	deceive	VERB
cblr-2937	1239	35	or	or	CCONJ
cblr-2937	1239	36	its	its	PRON
cblr-2937	1239	37	case	case	NOUN
cblr-2937	1239	38	will	will	AUX
cblr-2937	1239	39	be	be	AUX
cblr-2937	1239	40	dismissed.265	dismissed.265	NOUN
cblr-2937	1239	41	when	when	SCONJ
cblr-2937	1239	42	an	an	DET
cblr-2937	1239	43	agency	agency	NOUN
cblr-2937	1239	44	issues	issue	VERB
cblr-2937	1239	45	a	a	DET
cblr-2937	1239	46	rating	rating	NOUN
cblr-2937	1239	47	that	that	PRON
cblr-2937	1239	48	it	it	PRON
cblr-2937	1239	49	knows	know	VERB
cblr-2937	1239	50	to	to	PART
cblr-2937	1239	51	be	be	AUX
cblr-2937	1239	52	of	of	ADP
cblr-2937	1239	53	relatively	relatively	ADV
cblr-2937	1239	54	low	low	ADJ
cblr-2937	1239	55	quality	quality	NOUN
cblr-2937	1239	56	,	,	PUNCT
cblr-2937	1239	57	it	it	PRON
cblr-2937	1239	58	may	may	AUX
cblr-2937	1239	59	be	be	AUX
cblr-2937	1239	60	fair	fair	ADJ
cblr-2937	1239	61	to	to	PART
cblr-2937	1239	62	characterize	characterize	VERB
cblr-2937	1239	63	the	the	DET
cblr-2937	1239	64	agency	agency	NOUN
cblr-2937	1239	65	's	's	PART
cblr-2937	1239	66	action	action	NOUN
cblr-2937	1239	67	as	as	SCONJ
cblr-2937	1239	68	intended	intend	VERB
cblr-2937	1239	69	to	to	PART
cblr-2937	1239	70	deceive	deceive	VERB
cblr-2937	1239	71	or	or	CCONJ
cblr-2937	1239	72	it	it	PRON
cblr-2937	1239	73	may	may	AUX
cblr-2937	1239	74	not	not	PART
cblr-2937	1239	75	.	.	PUNCT
cblr-2937	1240	1	agencies	agency	NOUN
cblr-2937	1240	2	may	may	AUX
cblr-2937	1240	3	issue	issue	VERB
cblr-2937	1240	4	low	low	ADJ
cblr-2937	1240	5	-	-	PUNCT
cblr-2937	1240	6	quality	quality	NOUN
cblr-2937	1240	7	ratings	rating	NOUN
cblr-2937	1240	8	without	without	ADP
cblr-2937	1240	9	intending	intend	VERB
cblr-2937	1240	10	to	to	PART
cblr-2937	1240	11	mislead	mislead	VERB
cblr-2937	1240	12	anyone	anyone	PRON
cblr-2937	1240	13	if	if	SCONJ
cblr-2937	1240	14	the	the	DET
cblr-2937	1240	15	right	right	ADJ
cblr-2937	1240	16	definitions	definition	NOUN
cblr-2937	1240	17	of	of	ADP
cblr-2937	1240	18	"	"	PUNCT
cblr-2937	1240	19	intend	intend	VERB
cblr-2937	1240	20	"	"	PUNCT
cblr-2937	1240	21	and	and	CCONJ
cblr-2937	1240	22	"	"	PUNCT
cblr-2937	1240	23	mislead	mislead	VERB
cblr-2937	1240	24	"	"	PUNCT
cblr-2937	1240	25	are	be	AUX
cblr-2937	1240	26	used	use	VERB
cblr-2937	1240	27	.	.	PUNCT
cblr-2937	1241	1	allowing	allow	VERB
cblr-2937	1241	2	a	a	DET
cblr-2937	1241	3	buyer	buyer	NOUN
cblr-2937	1241	4	to	to	PART
cblr-2937	1241	5	believe	believe	VERB
cblr-2937	1241	6	one	one	NUM
cblr-2937	1241	7	's	's	PART
cblr-2937	1241	8	product	product	NOUN
cblr-2937	1241	9	is	be	AUX
cblr-2937	1241	10	of	of	ADP
cblr-2937	1241	11	higher	high	ADJ
cblr-2937	1241	12	quality	quality	NOUN
cblr-2937	1241	13	than	than	SCONJ
cblr-2937	1241	14	it	it	PRON
cblr-2937	1241	15	is	be	AUX
cblr-2937	1241	16	can	can	AUX
cblr-2937	1241	17	be	be	AUX
cblr-2937	1241	18	characterized	characterize	VERB
cblr-2937	1241	19	either	either	CCONJ
cblr-2937	1241	20	as	as	ADP
cblr-2937	1241	21	the	the	DET
cblr-2937	1241	22	american	american	ADJ
cblr-2937	1241	23	way	way	NOUN
cblr-2937	1241	24	or	or	CCONJ
cblr-2937	1241	25	as	as	ADV
cblr-2937	1241	26	deeply	deeply	ADV
cblr-2937	1241	27	nefarious	nefarious	ADJ
cblr-2937	1241	28	.	.	PUNCT
cblr-2937	1242	1	but	but	CCONJ
cblr-2937	1242	2	the	the	DET
cblr-2937	1242	3	harm	harm	NOUN
cblr-2937	1242	4	or	or	CCONJ
cblr-2937	1242	5	lack	lack	NOUN
cblr-2937	1242	6	thereof	thereof	ADV
cblr-2937	1242	7	arising	arise	VERB
cblr-2937	1242	8	from	from	ADP
cblr-2937	1242	9	the	the	DET
cblr-2937	1242	10	rating	rating	NOUN
cblr-2937	1242	11	has	have	VERB
cblr-2937	1242	12	nothing	nothing	PRON
cblr-2937	1242	13	to	to	PART
cblr-2937	1242	14	do	do	VERB
cblr-2937	1242	15	with	with	ADP
cblr-2937	1242	16	this	this	DET
cblr-2937	1242	17	inquiry	inquiry	NOUN
cblr-2937	1242	18	into	into	ADP
cblr-2937	1242	19	the	the	DET
cblr-2937	1242	20	mental	mental	ADJ
cblr-2937	1242	21	state	state	NOUN
cblr-2937	1242	22	of	of	ADP
cblr-2937	1242	23	an	an	DET
cblr-2937	1242	24	entity	entity	NOUN
cblr-2937	1242	25	that	that	PRON
cblr-2937	1242	26	is	be	AUX
cblr-2937	1242	27	not	not	PART
cblr-2937	1242	28	a	a	DET
cblr-2937	1242	29	natural	natural	ADJ
cblr-2937	1242	30	person	person	NOUN
cblr-2937	1242	31	.	.	PUNCT
cblr-2937	1243	1	there	there	PRON
cblr-2937	1243	2	is	be	VERB
cblr-2937	1243	3	no	no	DET
cblr-2937	1243	4	real	real	ADJ
cblr-2937	1243	5	reason	reason	NOUN
cblr-2937	1243	6	to	to	PART
cblr-2937	1243	7	believe	believe	VERB
cblr-2937	1243	8	that	that	SCONJ
cblr-2937	1243	9	the	the	DET
cblr-2937	1243	10	legal	legal	ADJ
cblr-2937	1243	11	definition	definition	NOUN
cblr-2937	1243	12	of	of	ADP
cblr-2937	1243	13	scienter	scienter	NOUN
cblr-2937	1243	14	in	in	ADP
cblr-2937	1243	15	fraud	fraud	NOUN
cblr-2937	1243	16	law	law	NOUN
cblr-2937	1243	17	will	will	AUX
cblr-2937	1243	18	generate	generate	VERB
cblr-2937	1243	19	the	the	DET
cblr-2937	1243	20	right	right	ADJ
cblr-2937	1243	21	incentives	incentive	NOUN
cblr-2937	1243	22	to	to	PART
cblr-2937	1243	23	deter	deter	VERB
cblr-2937	1243	24	lowquality	lowquality	NOUN
cblr-2937	1243	25	rating	rating	NOUN
cblr-2937	1243	26	.	.	PUNCT
cblr-2937	1244	1	the	the	DET
cblr-2937	1244	2	fraud	fraud	NOUN
cblr-2937	1244	3	requirement	requirement	NOUN
cblr-2937	1244	4	of	of	ADP
cblr-2937	1244	5	a	a	DET
cblr-2937	1244	6	"	"	PUNCT
cblr-2937	1244	7	misstatement	misstatement	NOUN
cblr-2937	1244	8	"	"	PUNCT
cblr-2937	1244	9	is	be	AUX
cblr-2937	1244	10	likewise	likewise	ADV
cblr-2937	1244	11	a	a	DET
cblr-2937	1244	12	red	red	ADJ
cblr-2937	1244	13	herring	herring	NOUN
cblr-2937	1244	14	.	.	PUNCT
cblr-2937	1245	1	ratings	rating	NOUN
cblr-2937	1245	2	are	be	AUX
cblr-2937	1245	3	predictive	predictive	ADJ
cblr-2937	1245	4	judgments	judgment	NOUN
cblr-2937	1245	5	,	,	PUNCT
cblr-2937	1245	6	not	not	PART
cblr-2937	1245	7	statements	statement	NOUN
cblr-2937	1245	8	that	that	PRON
cblr-2937	1245	9	are	be	AUX
cblr-2937	1245	10	true	true	ADJ
cblr-2937	1245	11	or	or	CCONJ
cblr-2937	1245	12	false	false	ADJ
cblr-2937	1245	13	.	.	NOUN
cblr-2937	1246	1	6	6	NUM
cblr-2937	1246	2	such	such	ADJ
cblr-2937	1246	3	judgments	judgment	NOUN
cblr-2937	1246	4	are	be	AUX
cblr-2937	1246	5	a	a	DET
cblr-2937	1246	6	claim	claim	NOUN
cblr-2937	1246	7	for	for	ADP
cblr-2937	1246	8	relief	relief	NOUN
cblr-2937	1246	9	,	,	PUNCT
cblr-2937	1246	10	and	and	CCONJ
cblr-2937	1246	11	did	do	AUX
cblr-2937	1246	12	not	not	PART
cblr-2937	1246	13	address	address	VERB
cblr-2937	1246	14	the	the	DET
cblr-2937	1246	15	agencies	agency	NOUN
cblr-2937	1246	16	'	'	PART
cblr-2937	1246	17	first	first	ADJ
cblr-2937	1246	18	amendment	amendment	NOUN
cblr-2937	1246	19	arguments	argument	NOUN
cblr-2937	1246	20	.	.	PUNCT
cblr-2937	1247	1	order	order	NOUN
cblr-2937	1247	2	granting	grant	VERB
cblr-2937	1247	3	defendants	defendant	NOUN
cblr-2937	1247	4	'	'	PART
cblr-2937	1247	5	motions	motion	NOUN
cblr-2937	1247	6	to	to	PART
cblr-2937	1247	7	dismiss	dismiss	VERB
cblr-2937	1247	8	,	,	PUNCT
cblr-2937	1247	9	blomquist	blomquist	ADJ
cblr-2937	1247	10	action	action	NOUN
cblr-2937	1247	11	(	(	PUNCT
cblr-2937	1247	12	july	july	PROPN
cblr-2937	1247	13	23	23	NUM
cblr-2937	1247	14	,	,	PUNCT
cblr-2937	1247	15	2008	2008	NUM
cblr-2937	1247	16	)	)	PUNCT
cblr-2937	1247	17	.	.	PUNCT
cblr-2937	1248	1	265	265	NUM
cblr-2937	1248	2	see	see	VERB
cblr-2937	1248	3	15	15	NUM
cblr-2937	1248	4	u.s.c	u.s.c	ADJ
cblr-2937	1248	5	.	.	PUNCT
cblr-2937	1249	1	§	§	PROPN
cblr-2937	1249	2	78u-4(b)(2	78u-4(b)(2	NOUN
cblr-2937	1249	3	)	)	PUNCT
cblr-2937	1249	4	(	(	PUNCT
cblr-2937	1249	5	2008	2008	NUM
cblr-2937	1249	6	)	)	PUNCT
cblr-2937	1249	7	;	;	PUNCT
cblr-2937	1249	8	tellabs	tellabs	PROPN
cblr-2937	1249	9	,	,	PUNCT
cblr-2937	1249	10	inc	inc	PROPN
cblr-2937	1249	11	.	.	PROPN
cblr-2937	1250	1	v.	v.	PROPN
cblr-2937	1250	2	makor	makor	PROPN
cblr-2937	1250	3	issues	issues	PROPN
cblr-2937	1250	4	&	&	CCONJ
cblr-2937	1250	5	rights	right	NOUN
cblr-2937	1250	6	,	,	PUNCT
cblr-2937	1250	7	ltd	ltd	PROPN
cblr-2937	1250	8	.	.	PROPN
cblr-2937	1250	9	,	,	PUNCT
cblr-2937	1250	10	551	551	NUM
cblr-2937	1250	11	u.s	u.s	PROPN
cblr-2937	1250	12	.	.	PROPN
cblr-2937	1250	13	308	308	NUM
cblr-2937	1250	14	,	,	PUNCT
cblr-2937	1250	15	127	127	NUM
cblr-2937	1250	16	s.	s.	PROPN
cblr-2937	1250	17	ct	ct	PROPN
cblr-2937	1250	18	.	.	PROPN
cblr-2937	1250	19	2499	2499	NUM
cblr-2937	1250	20	,	,	PUNCT
cblr-2937	1250	21	2510	2510	NUM
cblr-2937	1250	22	(	(	PUNCT
cblr-2937	1250	23	2007	2007	NUM
cblr-2937	1250	24	)	)	PUNCT
cblr-2937	1250	25	(	(	PUNCT
cblr-2937	1250	26	securities	security	NOUN
cblr-2937	1250	27	fraud	fraud	NOUN
cblr-2937	1250	28	complaint	complaint	PROPN
cblr-2937	1250	29	"	"	PUNCT
cblr-2937	1250	30	will	will	AUX
cblr-2937	1250	31	survive	survive	VERB
cblr-2937	1250	32	,	,	PUNCT
cblr-2937	1250	33	we	we	PRON
cblr-2937	1250	34	hold	hold	VERB
cblr-2937	1250	35	,	,	PUNCT
cblr-2937	1250	36	only	only	ADV
cblr-2937	1250	37	if	if	SCONJ
cblr-2937	1250	38	a	a	DET
cblr-2937	1250	39	reasonable	reasonable	ADJ
cblr-2937	1250	40	person	person	NOUN
cblr-2937	1250	41	would	would	AUX
cblr-2937	1250	42	deem	deem	VERB
cblr-2937	1250	43	the	the	DET
cblr-2937	1250	44	inference	inference	NOUN
cblr-2937	1250	45	of	of	ADP
cblr-2937	1250	46	scienter	scienter	NOUN
cblr-2937	1250	47	cogent	cogent	NOUN
cblr-2937	1250	48	and	and	CCONJ
cblr-2937	1250	49	at	at	ADV
cblr-2937	1250	50	least	least	ADJ
cblr-2937	1250	51	as	as	ADV
cblr-2937	1250	52	compelling	compelling	ADJ
cblr-2937	1250	53	as	as	ADP
cblr-2937	1250	54	any	any	DET
cblr-2937	1250	55	opposing	opposing	ADJ
cblr-2937	1250	56	inference	inference	NOUN
cblr-2937	1250	57	one	one	PRON
cblr-2937	1250	58	could	could	AUX
cblr-2937	1250	59	draw	draw	VERB
cblr-2937	1250	60	from	from	ADP
cblr-2937	1250	61	the	the	DET
cblr-2937	1250	62	facts	fact	NOUN
cblr-2937	1250	63	alleged	allege	VERB
cblr-2937	1250	64	"	"	PUNCT
cblr-2937	1250	65	)	)	PUNCT
cblr-2937	1250	66	.	.	PUNCT
cblr-2937	1251	1	26	26	NUM
cblr-2937	1251	2	ratings	rating	NOUN
cblr-2937	1251	3	are	be	AUX
cblr-2937	1251	4	more	more	ADJ
cblr-2937	1251	5	model	model	NOUN
cblr-2937	1251	6	-	-	PUNCT
cblr-2937	1251	7	driven	drive	VERB
cblr-2937	1251	8	in	in	ADP
cblr-2937	1251	9	the	the	DET
cblr-2937	1251	10	structured	structure	VERB
cblr-2937	1251	11	-	-	PUNCT
cblr-2937	1251	12	finance	finance	NOUN
cblr-2937	1251	13	context	context	NOUN
cblr-2937	1251	14	than	than	ADP
cblr-2937	1251	15	in	in	ADP
cblr-2937	1251	16	the	the	DET
cblr-2937	1251	17	traditional	traditional	ADJ
cblr-2937	1251	18	bond	bond	NOUN
cblr-2937	1251	19	rating	rating	NOUN
cblr-2937	1251	20	context	context	NOUN
cblr-2937	1251	21	,	,	PUNCT
cblr-2937	1251	22	and	and	CCONJ
cblr-2937	1251	23	that	that	PRON
cblr-2937	1251	24	may	may	AUX
cblr-2937	1251	25	make	make	VERB
cblr-2937	1251	26	them	they	PRON
cblr-2937	1251	27	appear	appear	VERB
cblr-2937	1251	28	less	less	ADJ
cblr-2937	1251	29	opinion	opinion	NOUN
cblr-2937	1251	30	-	-	PUNCT
cblr-2937	1251	31	like	like	ADJ
cblr-2937	1251	32	.	.	PUNCT
cblr-2937	1252	1	but	but	CCONJ
cblr-2937	1252	2	even	even	ADV
cblr-2937	1252	3	structured	structure	VERB
cblr-2937	1252	4	-	-	PUNCT
cblr-2937	1252	5	finance	finance	NOUN
cblr-2937	1252	6	ratings	rating	NOUN
cblr-2937	1252	7	apparently	apparently	ADV
cblr-2937	1253	1	[	[	X
cblr-2937	1253	2	vol	vol	NOUN
cblr-2937	1253	3	.	.	NOUN
cblr-2937	1253	4	2009	2009	NUM
cblr-2937	1253	5	credit	credit	NOUN
cblr-2937	1253	6	rating	rating	NOUN
cblr-2937	1253	7	agencies	agency	NOUN
cblr-2937	1253	8	sometimes	sometimes	ADV
cblr-2937	1253	9	characterized	characterize	VERB
cblr-2937	1253	10	as	as	ADP
cblr-2937	1253	11	misstatements	misstatement	NOUN
cblr-2937	1253	12	by	by	ADP
cblr-2937	1253	13	adopting	adopt	VERB
cblr-2937	1253	14	the	the	DET
cblr-2937	1253	15	fiction	fiction	NOUN
cblr-2937	1253	16	that	that	SCONJ
cblr-2937	1253	17	they	they	PRON
cblr-2937	1253	18	are	be	AUX
cblr-2937	1253	19	accompanied	accompany	VERB
cblr-2937	1253	20	by	by	ADP
cblr-2937	1253	21	"	"	PUNCT
cblr-2937	1253	22	an	an	DET
cblr-2937	1253	23	implied	imply	VERB
cblr-2937	1253	24	representation	representation	NOUN
cblr-2937	1253	25	that	that	SCONJ
cblr-2937	1253	26	the	the	DET
cblr-2937	1253	27	speaker	speaker	NOUN
cblr-2937	1253	28	rendered	render	VERB
cblr-2937	1253	29	the	the	DET
cblr-2937	1253	30	opinion	opinion	NOUN
cblr-2937	1253	31	in	in	ADP
cblr-2937	1253	32	good	good	ADJ
cblr-2937	1253	33	faith	faith	NOUN
cblr-2937	1253	34	and	and	CCONJ
cblr-2937	1253	35	with	with	ADP
cblr-2937	1253	36	a	a	DET
cblr-2937	1253	37	reasonable	reasonable	ADJ
cblr-2937	1253	38	basis,"267	basis,"267	NOUN
cblr-2937	1253	39	but	but	CCONJ
cblr-2937	1253	40	this	this	PRON
cblr-2937	1253	41	merely	merely	ADV
cblr-2937	1253	42	illustrates	illustrate	VERB
cblr-2937	1253	43	that	that	SCONJ
cblr-2937	1253	44	the	the	DET
cblr-2937	1253	45	fraud	fraud	NOUN
cblr-2937	1253	46	framework	framework	NOUN
cblr-2937	1253	47	is	be	AUX
cblr-2937	1253	48	not	not	PART
cblr-2937	1253	49	well	well	ADV
cblr-2937	1253	50	-	-	PUNCT
cblr-2937	1253	51	suited	suited	ADJ
cblr-2937	1253	52	to	to	ADP
cblr-2937	1253	53	assessing	assess	VERB
cblr-2937	1253	54	the	the	DET
cblr-2937	1253	55	quality	quality	NOUN
cblr-2937	1253	56	of	of	ADP
cblr-2937	1253	57	a	a	DET
cblr-2937	1253	58	product	product	NOUN
cblr-2937	1253	59	that	that	PRON
cblr-2937	1253	60	takes	take	VERB
cblr-2937	1253	61	the	the	DET
cblr-2937	1253	62	form	form	NOUN
cblr-2937	1253	63	of	of	ADP
cblr-2937	1253	64	a	a	DET
cblr-2937	1253	65	predictive	predictive	NOUN
cblr-2937	1253	66	judgment.268	judgment.268	NOUN
cblr-2937	1253	67	moreover	moreover	ADV
cblr-2937	1253	68	,	,	PUNCT
cblr-2937	1253	69	the	the	DET
cblr-2937	1253	70	"	"	PUNCT
cblr-2937	1253	71	reasonable	reasonable	ADJ
cblr-2937	1253	72	basis	basis	NOUN
cblr-2937	1253	73	"	"	PUNCT
cblr-2937	1253	74	standard	standard	NOUN
cblr-2937	1253	75	itself	itself	PRON
cblr-2937	1253	76	requires	require	VERB
cblr-2937	1253	77	further	further	ADJ
cblr-2937	1253	78	definition	definition	NOUN
cblr-2937	1253	79	to	to	PART
cblr-2937	1253	80	be	be	AUX
cblr-2937	1253	81	useful	useful	ADJ
cblr-2937	1253	82	.	.	PUNCT
cblr-2937	1254	1	reasonableness	reasonableness	NOUN
cblr-2937	1254	2	is	be	AUX
cblr-2937	1254	3	assessed	assess	VERB
cblr-2937	1254	4	on	on	ADP
cblr-2937	1254	5	an	an	DET
cblr-2937	1254	6	ex	ex	NOUN
cblr-2937	1254	7	ante	ante	NOUN
cblr-2937	1254	8	basis	basis	NOUN
cblr-2937	1254	9	.	.	PUNCT
cblr-2937	1255	1	it	it	PRON
cblr-2937	1255	2	could	could	AUX
cblr-2937	1255	3	be	be	AUX
cblr-2937	1255	4	understood	understand	VERB
cblr-2937	1255	5	as	as	ADP
cblr-2937	1255	6	"	"	PUNCT
cblr-2937	1255	7	high	high	ADJ
cblr-2937	1255	8	quality	quality	NOUN
cblr-2937	1255	9	,	,	PUNCT
cblr-2937	1255	10	"	"	PUNCT
cblr-2937	1255	11	contain	contain	VERB
cblr-2937	1255	12	a	a	DET
cblr-2937	1255	13	significant	significant	ADJ
cblr-2937	1255	14	element	element	NOUN
cblr-2937	1255	15	of	of	ADP
cblr-2937	1255	16	subjective	subjective	ADJ
cblr-2937	1255	17	judgment	judgment	NOUN
cblr-2937	1255	18	.	.	PUNCT
cblr-2937	1256	1	see	see	VERB
cblr-2937	1256	2	sec	sec	PROPN
cblr-2937	1256	3	staff	staff	NOUN
cblr-2937	1256	4	examination	examination	NOUN
cblr-2937	1256	5	report	report	NOUN
cblr-2937	1256	6	,	,	PUNCT
cblr-2937	1256	7	supra	supra	PROPN
cblr-2937	1256	8	note	note	PROPN
cblr-2937	1256	9	38	38	NUM
cblr-2937	1256	10	,	,	PUNCT
cblr-2937	1256	11	at	at	ADP
cblr-2937	1256	12	13	13	NUM
cblr-2937	1256	13	(	(	PUNCT
cblr-2937	1256	14	quoting	quote	VERB
cblr-2937	1256	15	agency	agency	NOUN
cblr-2937	1256	16	internal	internal	ADJ
cblr-2937	1256	17	e	e	NOUN
cblr-2937	1256	18	-	-	NOUN
cblr-2937	1256	19	mail	mail	NOUN
cblr-2937	1256	20	as	as	ADP
cblr-2937	1256	21	stating	state	VERB
cblr-2937	1256	22	that	that	SCONJ
cblr-2937	1256	23	"	"	PUNCT
cblr-2937	1256	24	our	our	PRON
cblr-2937	1256	25	sf	sf	NOUN
cblr-2937	1256	26	[	[	X
cblr-2937	1256	27	structured	structured	ADJ
cblr-2937	1256	28	finance	finance	NOUN
cblr-2937	1256	29	]	]	PUNCT
cblr-2937	1256	30	rating	rating	NOUN
cblr-2937	1256	31	approach	approach	NOUN
cblr-2937	1256	32	is	be	AUX
cblr-2937	1256	33	inherently	inherently	ADV
cblr-2937	1256	34	flexible	flexible	ADJ
cblr-2937	1256	35	and	and	CCONJ
cblr-2937	1256	36	subjective	subjective	ADJ
cblr-2937	1256	37	"	"	PUNCT
cblr-2937	1256	38	)	)	PUNCT
cblr-2937	1256	39	;	;	PUNCT
cblr-2937	1256	40	i	i	PRON
cblr-2937	1256	41	d.	d.	PROPN
cblr-2937	1256	42	at	at	ADP
cblr-2937	1256	43	14	14	NUM
cblr-2937	1256	44	(	(	PUNCT
cblr-2937	1256	45	asserting	assert	VERB
cblr-2937	1256	46	that	that	SCONJ
cblr-2937	1256	47	"	"	PUNCT
cblr-2937	1256	48	rating	rating	NOUN
cblr-2937	1256	49	agencies	agency	NOUN
cblr-2937	1256	50	made	make	VERB
cblr-2937	1256	51	'	'	PUNCT
cblr-2937	1256	52	out	out	ADP
cblr-2937	1256	53	of	of	ADP
cblr-2937	1256	54	model	model	NOUN
cblr-2937	1256	55	adjustments	adjustment	NOUN
cblr-2937	1256	56	'	'	PUNCT
cblr-2937	1256	57	and	and	CCONJ
cblr-2937	1256	58	did	do	AUX
cblr-2937	1256	59	not	not	PART
cblr-2937	1256	60	document	document	VERB
cblr-2937	1256	61	the	the	DET
cblr-2937	1256	62	rationale	rationale	NOUN
cblr-2937	1256	63	for	for	ADP
cblr-2937	1256	64	the	the	DET
cblr-2937	1256	65	adjustment	adjustment	NOUN
cblr-2937	1256	66	"	"	PUNCT
cblr-2937	1256	67	)	)	PUNCT
cblr-2937	1256	68	.	.	PUNCT
cblr-2937	1257	1	in	in	ADP
cblr-2937	1257	2	any	any	DET
cblr-2937	1257	3	event	event	NOUN
cblr-2937	1257	4	,	,	PUNCT
cblr-2937	1257	5	the	the	DET
cblr-2937	1257	6	creation	creation	NOUN
cblr-2937	1257	7	and	and	CCONJ
cblr-2937	1257	8	selection	selection	NOUN
cblr-2937	1257	9	of	of	ADP
cblr-2937	1257	10	the	the	DET
cblr-2937	1257	11	model	model	NOUN
cblr-2937	1257	12	methodology	methodology	NOUN
cblr-2937	1257	13	is	be	AUX
cblr-2937	1257	14	itself	itself	PRON
cblr-2937	1257	15	a	a	DET
cblr-2937	1257	16	subjective	subjective	ADJ
cblr-2937	1257	17	judgment	judgment	NOUN
cblr-2937	1257	18	.	.	PUNCT
cblr-2937	1258	1	267	267	NUM
cblr-2937	1258	2	see	see	VERB
cblr-2937	1258	3	,	,	PUNCT
cblr-2937	1258	4	e.g.	e.g.	ADV
cblr-2937	1258	5	,	,	PUNCT
cblr-2937	1258	6	weiss	weiss	PROPN
cblr-2937	1258	7	v.	v.	PROPN
cblr-2937	1258	8	sec	sec	PROPN
cblr-2937	1258	9	,	,	PUNCT
cblr-2937	1258	10	468	468	NUM
cblr-2937	1258	11	f.3d	f.3d	NUM
cblr-2937	1258	12	849	849	NUM
cblr-2937	1258	13	,	,	PUNCT
cblr-2937	1258	14	855	855	NUM
cblr-2937	1258	15	(	(	PUNCT
cblr-2937	1258	16	d.c	d.c	PROPN
cblr-2937	1258	17	.	.	PROPN
cblr-2937	1258	18	cir	cir	PROPN
cblr-2937	1258	19	.	.	PUNCT
cblr-2937	1258	20	2006	2006	NUM
cblr-2937	1258	21	)	)	PUNCT
cblr-2937	1258	22	.	.	PUNCT
cblr-2937	1259	1	268	268	NUM
cblr-2937	1259	2	for	for	ADP
cblr-2937	1259	3	the	the	DET
cblr-2937	1259	4	same	same	ADJ
cblr-2937	1259	5	reason	reason	NOUN
cblr-2937	1259	6	,	,	PUNCT
cblr-2937	1259	7	agency	agency	NOUN
cblr-2937	1259	8	liability	liability	NOUN
cblr-2937	1259	9	for	for	ADP
cblr-2937	1259	10	"	"	PUNCT
cblr-2937	1259	11	untrue	untrue	ADJ
cblr-2937	1259	12	statements	statement	NOUN
cblr-2937	1259	13	"	"	PUNCT
cblr-2937	1259	14	and	and	CCONJ
cblr-2937	1259	15	"	"	PUNCT
cblr-2937	1259	16	omi[ssions	omi[ssion	NOUN
cblr-2937	1259	17	]	]	PUNCT
cblr-2937	1259	18	"	"	PUNCT
cblr-2937	1259	19	of	of	ADP
cblr-2937	1259	20	"	"	PUNCT
cblr-2937	1259	21	fact	fact	NOUN
cblr-2937	1259	22	"	"	PUNCT
cblr-2937	1259	23	under	under	ADP
cblr-2937	1259	24	section	section	NOUN
cblr-2937	1259	25	11	11	NUM
cblr-2937	1259	26	of	of	ADP
cblr-2937	1259	27	the	the	DET
cblr-2937	1259	28	1933	1933	NUM
cblr-2937	1259	29	act	act	NOUN
cblr-2937	1259	30	,	,	PUNCT
cblr-2937	1259	31	15	15	NUM
cblr-2937	1259	32	u.s.c	u.s.c	ADJ
cblr-2937	1259	33	.	.	PUNCT
cblr-2937	1260	1	§	§	PROPN
cblr-2937	1260	2	77k(a	77k(a	NUM
cblr-2937	1260	3	)	)	PUNCT
cblr-2937	1260	4	(	(	PUNCT
cblr-2937	1260	5	2008	2008	NUM
cblr-2937	1260	6	)	)	PUNCT
cblr-2937	1260	7	,	,	PUNCT
cblr-2937	1260	8	seems	seem	VERB
cblr-2937	1260	9	ill	ill	ADV
cblr-2937	1260	10	-	-	PUNCT
cblr-2937	1260	11	suited	suited	ADJ
cblr-2937	1260	12	to	to	ADP
cblr-2937	1260	13	providing	provide	VERB
cblr-2937	1260	14	the	the	DET
cblr-2937	1260	15	right	right	ADJ
cblr-2937	1260	16	incentives	incentive	NOUN
cblr-2937	1260	17	for	for	ADP
cblr-2937	1260	18	optimum	optimum	ADJ
cblr-2937	1260	19	rating	rating	NOUN
cblr-2937	1260	20	quality	quality	NOUN
cblr-2937	1260	21	.	.	PUNCT
cblr-2937	1261	1	several	several	ADJ
cblr-2937	1261	2	pending	pende	VERB
cblr-2937	1261	3	lawsuits	lawsuit	NOUN
cblr-2937	1261	4	advance	advance	VERB
cblr-2937	1261	5	such	such	ADJ
cblr-2937	1261	6	claims	claim	NOUN
cblr-2937	1261	7	.	.	PUNCT
cblr-2937	1262	1	as	as	ADP
cblr-2937	1262	2	of	of	ADP
cblr-2937	1262	3	january	january	PROPN
cblr-2937	1262	4	2009	2009	NUM
cblr-2937	1262	5	,	,	PUNCT
cblr-2937	1262	6	none	none	NOUN
cblr-2937	1262	7	of	of	ADP
cblr-2937	1262	8	these	these	DET
cblr-2937	1262	9	cases	case	NOUN
cblr-2937	1262	10	had	have	AUX
cblr-2937	1262	11	advanced	advance	VERB
cblr-2937	1262	12	past	past	ADP
cblr-2937	1262	13	the	the	DET
cblr-2937	1262	14	stage	stage	NOUN
cblr-2937	1262	15	of	of	ADP
cblr-2937	1262	16	litigation	litigation	NOUN
cblr-2937	1262	17	over	over	ADP
cblr-2937	1262	18	forum	forum	PROPN
cblr-2937	1262	19	.	.	PUNCT
cblr-2937	1263	1	see	see	VERB
cblr-2937	1263	2	new	new	PROPN
cblr-2937	1263	3	jersey	jersey	PROPN
cblr-2937	1263	4	carpenters	carpenters	PROPN
cblr-2937	1263	5	vacation	vacation	NOUN
cblr-2937	1263	6	fund	fund	PROPN
cblr-2937	1263	7	v.	v.	ADP
cblr-2937	1263	8	harborview	harborview	PROPN
cblr-2937	1263	9	mortgage	mortgage	PROPN
cblr-2937	1263	10	loan	loan	NOUN
cblr-2937	1263	11	trust	trust	NOUN
cblr-2937	1263	12	,	,	PUNCT
cblr-2937	1263	13	no	no	INTJ
cblr-2937	1263	14	.	.	PUNCT
cblr-2937	1264	1	1:08	1:08	NUM
cblr-2937	1264	2	-	-	PUNCT
cblr-2937	1264	3	cv-05093	cv-05093	NOUN
cblr-2937	1264	4	(	(	PUNCT
cblr-2937	1264	5	s.d.n.y	s.d.n.y	PROPN
cblr-2937	1264	6	.	.	PUNCT
cblr-2937	1264	7	order	order	NOUN
cblr-2937	1264	8	granting	grant	VERB
cblr-2937	1264	9	removal	removal	NOUN
cblr-2937	1264	10	to	to	ADP
cblr-2937	1264	11	federal	federal	ADJ
cblr-2937	1264	12	court	court	PROPN
cblr-2937	1264	13	sept	sept	PROPN
cblr-2937	1264	14	.	.	PROPN
cblr-2937	1264	15	24	24	NUM
cblr-2937	1264	16	,	,	PUNCT
cblr-2937	1264	17	2008	2008	NUM
cblr-2937	1264	18	)	)	PUNCT
cblr-2937	1264	19	,	,	PUNCT
cblr-2937	1264	20	no	no	INTJ
cblr-2937	1264	21	.	.	NOUN
cblr-2937	1264	22	08	08	NUM
cblr-2937	1264	23	-	-	SYM
cblr-2937	1264	24	4861	4861	NUM
cblr-2937	1264	25	(	(	PUNCT
cblr-2937	1264	26	second	second	ADJ
cblr-2937	1264	27	circuit	circuit	NOUN
cblr-2937	1264	28	appeal	appeal	NOUN
cblr-2937	1264	29	of	of	ADP
cblr-2937	1264	30	denial	denial	NOUN
cblr-2937	1264	31	of	of	ADP
cblr-2937	1264	32	motion	motion	NOUN
cblr-2937	1264	33	to	to	PART
cblr-2937	1264	34	remand	remand	VERB
cblr-2937	1264	35	to	to	ADP
cblr-2937	1264	36	state	state	NOUN
cblr-2937	1264	37	court	court	NOUN
cblr-2937	1264	38	,	,	PUNCT
cblr-2937	1264	39	581	581	NUM
cblr-2937	1264	40	f.	f.	PROPN
cblr-2937	1264	41	supp	supp	PROPN
cblr-2937	1264	42	.	.	PUNCT
cblr-2937	1265	1	2d	2d	NOUN
cblr-2937	1265	2	581	581	NUM
cblr-2937	1265	3	,	,	PUNCT
cblr-2937	1265	4	dismissed	dismiss	VERB
cblr-2937	1265	5	upon	upon	SCONJ
cblr-2937	1265	6	parties	party	NOUN
cblr-2937	1265	7	'	'	PART
cblr-2937	1265	8	stipulation	stipulation	NOUN
cblr-2937	1265	9	jan	jan	PROPN
cblr-2937	1265	10	.	.	PROPN
cblr-2937	1265	11	21	21	NUM
cblr-2937	1265	12	,	,	PUNCT
cblr-2937	1265	13	2009	2009	NUM
cblr-2937	1265	14	)	)	PUNCT
cblr-2937	1265	15	;	;	PUNCT
cblr-2937	1265	16	new	new	PROPN
cblr-2937	1265	17	jersey	jersey	PROPN
cblr-2937	1265	18	carpenters	carpenters	PROPN
cblr-2937	1265	19	health	health	PROPN
cblr-2937	1265	20	fund	fund	PROPN
cblr-2937	1265	21	v.	v.	ADP
cblr-2937	1265	22	royal	royal	PROPN
cblr-2937	1265	23	bank	bank	PROPN
cblr-2937	1265	24	of	of	ADP
cblr-2937	1265	25	scotland	scotland	PROPN
cblr-2937	1265	26	,	,	PUNCT
cblr-2937	1265	27	no	no	INTJ
cblr-2937	1265	28	.	.	PUNCT
cblr-2937	1266	1	1:08	1:08	NUM
cblr-2937	1266	2	-	-	PUNCT
cblr-2937	1266	3	cv-05310	cv-05310	PROPN
cblr-2937	1266	4	(	(	PUNCT
cblr-2937	1266	5	s.d.n.y	s.d.n.y	PROPN
cblr-2937	1266	6	.	.	PROPN
cblr-2937	1266	7	2008	2008	NUM
cblr-2937	1266	8	)	)	PUNCT
cblr-2937	1266	9	(	(	PUNCT
cblr-2937	1266	10	motion	motion	NOUN
cblr-2937	1266	11	to	to	PART
cblr-2937	1266	12	remand	remand	VERB
cblr-2937	1266	13	to	to	ADP
cblr-2937	1266	14	state	state	NOUN
cblr-2937	1266	15	court	court	NOUN
cblr-2937	1266	16	pending	pende	VERB
cblr-2937	1266	17	as	as	ADP
cblr-2937	1266	18	of	of	ADP
cblr-2937	1266	19	jan	jan	PROPN
cblr-2937	1266	20	.	.	PROPN
cblr-2937	1266	21	27	27	NUM
cblr-2937	1266	22	,	,	PUNCT
cblr-2937	1266	23	2009	2009	NUM
cblr-2937	1266	24	)	)	PUNCT
cblr-2937	1266	25	;	;	PUNCT
cblr-2937	1266	26	new	new	PROPN
cblr-2937	1266	27	jersey	jersey	PROPN
cblr-2937	1266	28	carpenters	carpenters	PROPN
cblr-2937	1266	29	health	health	NOUN
cblr-2937	1266	30	fund	fund	PROPN
cblr-2937	1266	31	v.	v.	ADP
cblr-2937	1266	32	home	home	PROPN
cblr-2937	1266	33	equity	equity	PROPN
cblr-2937	1266	34	mortgage	mortgage	PROPN
cblr-2937	1266	35	trust	trust	PROPN
cblr-2937	1266	36	,	,	PUNCT
cblr-2937	1266	37	no	no	INTJ
cblr-2937	1266	38	.	.	PUNCT
cblr-2937	1267	1	1:08	1:08	NUM
cblr-2937	1267	2	-	-	PUNCT
cblr-2937	1267	3	cv-05653	cv-05653	PROPN
cblr-2937	1267	4	(	(	PUNCT
cblr-2937	1267	5	s.d.n.y	s.d.n.y	PROPN
cblr-2937	1267	6	.	.	PROPN
cblr-2937	1267	7	2008	2008	NUM
cblr-2937	1267	8	)	)	PUNCT
cblr-2937	1267	9	(	(	PUNCT
cblr-2937	1267	10	motion	motion	NOUN
cblr-2937	1267	11	to	to	PART
cblr-2937	1267	12	remand	remand	VERB
cblr-2937	1267	13	to	to	ADP
cblr-2937	1267	14	state	state	NOUN
cblr-2937	1267	15	court	court	NOUN
cblr-2937	1267	16	dismissed	dismiss	VERB
cblr-2937	1267	17	upon	upon	SCONJ
cblr-2937	1267	18	stipulation	stipulation	NOUN
cblr-2937	1267	19	,	,	PUNCT
cblr-2937	1267	20	oct	oct	PROPN
cblr-2937	1267	21	.	.	PROPN
cblr-2937	1267	22	2	2	NUM
cblr-2937	1267	23	,	,	PUNCT
cblr-2937	1267	24	2008	2008	NUM
cblr-2937	1267	25	)	)	PUNCT
cblr-2937	1267	26	.	.	PUNCT
cblr-2937	1268	1	the	the	DET
cblr-2937	1268	2	agencies	agency	NOUN
cblr-2937	1268	3	enjoy	enjoy	VERB
cblr-2937	1268	4	an	an	DET
cblr-2937	1268	5	exemption	exemption	NOUN
cblr-2937	1268	6	from	from	ADP
cblr-2937	1268	7	"	"	PUNCT
cblr-2937	1268	8	expert	expert	ADJ
cblr-2937	1268	9	liability	liability	NOUN
cblr-2937	1268	10	"	"	PUNCT
cblr-2937	1268	11	under	under	ADP
cblr-2937	1268	12	section	section	NOUN
cblr-2937	1268	13	11	11	NUM
cblr-2937	1268	14	that	that	PRON
cblr-2937	1268	15	may	may	AUX
cblr-2937	1268	16	cover	cover	VERB
cblr-2937	1268	17	these	these	DET
cblr-2937	1268	18	claims	claim	NOUN
cblr-2937	1268	19	.	.	PUNCT
cblr-2937	1269	1	section	section	NOUN
cblr-2937	1269	2	11	11	NUM
cblr-2937	1269	3	provides	provide	VERB
cblr-2937	1269	4	for	for	ADP
cblr-2937	1269	5	liability	liability	NOUN
cblr-2937	1269	6	for	for	ADP
cblr-2937	1269	7	certain	certain	ADJ
cblr-2937	1269	8	experts	expert	NOUN
cblr-2937	1269	9	that	that	PRON
cblr-2937	1269	10	"	"	PUNCT
cblr-2937	1269	11	certify	certify	VERB
cblr-2937	1269	12	or	or	CCONJ
cblr-2937	1269	13	prepare	prepare	VERB
cblr-2937	1269	14	"	"	PUNCT
cblr-2937	1269	15	part	part	NOUN
cblr-2937	1269	16	of	of	ADP
cblr-2937	1269	17	a	a	DET
cblr-2937	1269	18	false	false	ADJ
cblr-2937	1269	19	or	or	CCONJ
cblr-2937	1269	20	misleading	misleading	ADJ
cblr-2937	1269	21	registration	registration	NOUN
cblr-2937	1269	22	statement	statement	NOUN
cblr-2937	1269	23	.	.	PUNCT
cblr-2937	1270	1	15	15	NUM
cblr-2937	1270	2	u.s.c	u.s.c	ADJ
cblr-2937	1270	3	.	.	PUNCT
cblr-2937	1271	1	§	§	PROPN
cblr-2937	1271	2	77k(a)(4	77k(a)(4	NUM
cblr-2937	1271	3	)	)	PUNCT
cblr-2937	1271	4	.	.	PUNCT
cblr-2937	1272	1	also	also	ADV
cblr-2937	1272	2	,	,	PUNCT
cblr-2937	1272	3	the	the	DET
cblr-2937	1272	4	sec	sec	PROPN
cblr-2937	1272	5	has	have	AUX
cblr-2937	1272	6	determined	determine	VERB
cblr-2937	1272	7	that	that	SCONJ
cblr-2937	1272	8	the	the	DET
cblr-2937	1272	9	credit	credit	NOUN
cblr-2937	1272	10	rating	rating	NOUN
cblr-2937	1272	11	of	of	ADP
cblr-2937	1272	12	a	a	DET
cblr-2937	1272	13	debt	debt	NOUN
cblr-2937	1272	14	security	security	NOUN
cblr-2937	1272	15	is	be	AUX
cblr-2937	1272	16	not	not	PART
cblr-2937	1272	17	a	a	DET
cblr-2937	1272	18	part	part	NOUN
cblr-2937	1272	19	of	of	ADP
cblr-2937	1272	20	the	the	DET
cblr-2937	1272	21	registration	registration	NOUN
cblr-2937	1272	22	statement	statement	NOUN
cblr-2937	1272	23	certified	certify	VERB
cblr-2937	1272	24	or	or	CCONJ
cblr-2937	1272	25	prepared	prepare	VERB
cblr-2937	1272	26	by	by	ADP
cblr-2937	1272	27	the	the	DET
cblr-2937	1272	28	rating	rating	NOUN
cblr-2937	1272	29	agency	agency	NOUN
cblr-2937	1272	30	.	.	PUNCT
cblr-2937	1273	1	17	17	NUM
cblr-2937	1273	2	c.f.r	c.f.r	NOUN
cblr-2937	1273	3	.	.	PUNCT
cblr-2937	1274	1	§	§	PROPN
cblr-2937	1274	2	230.436(g	230.436(g	PROPN
cblr-2937	1274	3	)	)	PUNCT
cblr-2937	1274	4	(	(	PUNCT
cblr-2937	1274	5	2008	2008	NUM
cblr-2937	1274	6	)	)	PUNCT
cblr-2937	1274	7	.	.	PUNCT
cblr-2937	1275	1	but	but	CCONJ
cblr-2937	1275	2	section	section	NOUN
cblr-2937	1275	3	11	11	NUM
cblr-2937	1275	4	also	also	ADV
cblr-2937	1275	5	provides	provide	VERB
cblr-2937	1275	6	for	for	ADP
cblr-2937	1275	7	liability	liability	NOUN
cblr-2937	1275	8	for	for	ADP
cblr-2937	1275	9	"	"	PUNCT
cblr-2937	1275	10	appraisers	appraiser	NOUN
cblr-2937	1275	11	"	"	PUNCT
cblr-2937	1275	12	and	and	CCONJ
cblr-2937	1275	13	others	other	NOUN
cblr-2937	1275	14	that	that	PRON
cblr-2937	1275	15	prepare	prepare	VERB
cblr-2937	1275	16	or	or	CCONJ
cblr-2937	1275	17	certify	certify	VERB
cblr-2937	1275	18	a	a	DET
cblr-2937	1275	19	"	"	PUNCT
cblr-2937	1275	20	report	report	NOUN
cblr-2937	1275	21	or	or	CCONJ
cblr-2937	1275	22	valuation	valuation	NOUN
cblr-2937	1275	23	used	use	VERB
cblr-2937	1275	24	in	in	ADP
cblr-2937	1275	25	connection	connection	NOUN
cblr-2937	1275	26	with	with	ADP
cblr-2937	1275	27	the	the	DET
cblr-2937	1275	28	registration	registration	NOUN
cblr-2937	1275	29	statement	statement	NOUN
cblr-2937	1275	30	,	,	PUNCT
cblr-2937	1275	31	"	"	PUNCT
cblr-2937	1275	32	15	15	NUM
cblr-2937	1275	33	u.s.c	u.s.c	NOUN
cblr-2937	1275	34	.	.	PUNCT
cblr-2937	1276	1	§	§	PROPN
cblr-2937	1276	2	77k(a)(4	77k(a)(4	NUM
cblr-2937	1276	3	)	)	PUNCT
cblr-2937	1276	4	,	,	PUNCT
cblr-2937	1276	5	and	and	CCONJ
cblr-2937	1276	6	the	the	DET
cblr-2937	1276	7	sec	sec	PROPN
cblr-2937	1276	8	's	's	PART
cblr-2937	1276	9	exemption	exemption	NOUN
cblr-2937	1276	10	does	do	AUX
cblr-2937	1276	11	not	not	PART
cblr-2937	1276	12	cover	cover	VERB
cblr-2937	1276	13	this	this	DET
cblr-2937	1276	14	type	type	NOUN
cblr-2937	1276	15	of	of	ADP
cblr-2937	1276	16	liability	liability	NOUN
cblr-2937	1276	17	.	.	PUNCT
cblr-2937	1277	1	no	no	INTJ
cblr-2937	1277	2	.	.	PUNCT
cblr-2937	1278	1	1:109	1:109	NUM
cblr-2937	1278	2	]	]	X
cblr-2937	1278	3	columbia	columbia	PROPN
cblr-2937	1278	4	business	business	PROPN
cblr-2937	1278	5	law	law	PROPN
cblr-2937	1278	6	review	review	VERB
cblr-2937	1278	7	so	so	ADV
cblr-2937	1278	8	low	low	ADJ
cblr-2937	1278	9	-	-	PUNCT
cblr-2937	1278	10	quality	quality	NOUN
cblr-2937	1278	11	ratings	rating	NOUN
cblr-2937	1278	12	would	would	AUX
cblr-2937	1278	13	be	be	AUX
cblr-2937	1278	14	treated	treat	VERB
cblr-2937	1278	15	as	as	ADP
cblr-2937	1278	16	"	"	PUNCT
cblr-2937	1278	17	misstatements	misstatement	NOUN
cblr-2937	1278	18	.	.	PUNCT
cblr-2937	1278	19	"	"	PUNCT
cblr-2937	1279	1	however	however	ADV
cblr-2937	1279	2	,	,	PUNCT
cblr-2937	1279	3	the	the	DET
cblr-2937	1279	4	ex	ex	NOUN
cblr-2937	1279	5	ante	ante	NOUN
cblr-2937	1279	6	inquiry	inquiry	NOUN
cblr-2937	1279	7	into	into	ADP
cblr-2937	1279	8	whether	whether	SCONJ
cblr-2937	1279	9	a	a	DET
cblr-2937	1279	10	reasonable	reasonable	ADJ
cblr-2937	1279	11	basis	basis	NOUN
cblr-2937	1279	12	for	for	ADP
cblr-2937	1279	13	a	a	DET
cblr-2937	1279	14	judgment	judgment	NOUN
cblr-2937	1279	15	exists	exist	VERB
cblr-2937	1279	16	also	also	ADV
cblr-2937	1279	17	might	might	AUX
cblr-2937	1279	18	be	be	AUX
cblr-2937	1279	19	interpreted	interpret	VERB
cblr-2937	1279	20	as	as	ADP
cblr-2937	1279	21	providing	provide	VERB
cblr-2937	1279	22	the	the	DET
cblr-2937	1279	23	equivalent	equivalent	NOUN
cblr-2937	1279	24	of	of	ADP
cblr-2937	1279	25	a	a	DET
cblr-2937	1279	26	due	due	ADJ
cblr-2937	1279	27	-	-	PUNCT
cblr-2937	1279	28	diligence	diligence	NOUN
cblr-2937	1279	29	defense	defense	NOUN
cblr-2937	1279	30	.	.	PUNCT
cblr-2937	1280	1	as	as	SCONJ
cblr-2937	1280	2	others	other	NOUN
cblr-2937	1280	3	have	have	AUX
cblr-2937	1280	4	noted	note	VERB
cblr-2937	1280	5	,	,	PUNCT
cblr-2937	1280	6	such	such	ADJ
cblr-2937	1280	7	defenses	defense	NOUN
cblr-2937	1280	8	encourage	encourage	VERB
cblr-2937	1280	9	the	the	DET
cblr-2937	1280	10	wasteful	wasteful	ADJ
cblr-2937	1280	11	creation	creation	NOUN
cblr-2937	1280	12	of	of	ADP
cblr-2937	1280	13	litigation	litigation	NOUN
cblr-2937	1280	14	-	-	PUNCT
cblr-2937	1280	15	driven	drive	VERB
cblr-2937	1280	16	checklists	checklist	NOUN
cblr-2937	1280	17	that	that	PRON
cblr-2937	1280	18	add	add	VERB
cblr-2937	1280	19	little	little	ADJ
cblr-2937	1280	20	value	value	NOUN
cblr-2937	1280	21	.	.	PUNCT
cblr-2937	1281	1	"9	"9	PROPN
cblr-2937	1281	2	finally	finally	ADV
cblr-2937	1281	3	,	,	PUNCT
cblr-2937	1281	4	the	the	DET
cblr-2937	1281	5	disgorgement	disgorgement	NOUN
cblr-2937	1281	6	remedy	remedy	NOUN
cblr-2937	1281	7	proposed	propose	VERB
cblr-2937	1281	8	here	here	ADV
cblr-2937	1281	9	is	be	AUX
cblr-2937	1281	10	superior	superior	ADJ
cblr-2937	1281	11	to	to	ADP
cblr-2937	1281	12	the	the	DET
cblr-2937	1281	13	damages	damage	NOUN
cblr-2937	1281	14	remedy	remedy	NOUN
cblr-2937	1281	15	available	available	ADJ
cblr-2937	1281	16	in	in	ADP
cblr-2937	1281	17	fraud	fraud	NOUN
cblr-2937	1281	18	actions	action	NOUN
cblr-2937	1281	19	.	.	PUNCT
cblr-2937	1282	1	the	the	DET
cblr-2937	1282	2	prospect	prospect	NOUN
cblr-2937	1282	3	of	of	ADP
cblr-2937	1282	4	losing	lose	VERB
cblr-2937	1282	5	the	the	DET
cblr-2937	1282	6	profits	profit	NOUN
cblr-2937	1282	7	from	from	ADP
cblr-2937	1282	8	low	low	ADJ
cblr-2937	1282	9	-	-	PUNCT
cblr-2937	1282	10	quality	quality	NOUN
cblr-2937	1282	11	ratings	rating	NOUN
cblr-2937	1282	12	should	should	AUX
cblr-2937	1282	13	be	be	AUX
cblr-2937	1282	14	sufficient	sufficient	ADJ
cblr-2937	1282	15	to	to	PART
cblr-2937	1282	16	deter	deter	VERB
cblr-2937	1282	17	knowing	know	VERB
cblr-2937	1282	18	production	production	NOUN
cblr-2937	1282	19	of	of	ADP
cblr-2937	1282	20	such	such	ADJ
cblr-2937	1282	21	ratings.27	ratings.27	PROPN
cblr-2937	1282	22	°	°	PROPN
cblr-2937	1282	23	increasing	increase	VERB
cblr-2937	1282	24	exposure	exposure	NOUN
cblr-2937	1282	25	beyond	beyond	ADP
cblr-2937	1282	26	this	this	DET
cblr-2937	1282	27	point	point	NOUN
cblr-2937	1282	28	magnifies	magnify	VERB
cblr-2937	1282	29	the	the	DET
cblr-2937	1282	30	key	key	ADJ
cblr-2937	1282	31	drawbacks	drawback	NOUN
cblr-2937	1282	32	of	of	ADP
cblr-2937	1282	33	the	the	DET
cblr-2937	1282	34	intervention	intervention	NOUN
cblr-2937	1282	35	-	-	PUNCT
cblr-2937	1282	36	the	the	DET
cblr-2937	1282	37	risk	risk	NOUN
cblr-2937	1282	38	of	of	ADP
cblr-2937	1282	39	overdeterrence	overdeterrence	NOUN
cblr-2937	1282	40	-	-	PUNCT
cblr-2937	1282	41	without	without	ADP
cblr-2937	1282	42	a	a	DET
cblr-2937	1282	43	corresponding	corresponding	ADJ
cblr-2937	1282	44	increase	increase	NOUN
cblr-2937	1282	45	in	in	ADP
cblr-2937	1282	46	benefits	benefit	NOUN
cblr-2937	1282	47	.	.	PUNCT
cblr-2937	1283	1	for	for	ADP
cblr-2937	1283	2	example	example	NOUN
cblr-2937	1283	3	,	,	PUNCT
cblr-2937	1283	4	if	if	SCONJ
cblr-2937	1283	5	damages	damage	NOUN
cblr-2937	1283	6	exposure	exposure	NOUN
cblr-2937	1283	7	were	be	AUX
cblr-2937	1283	8	to	to	PART
cblr-2937	1283	9	exceed	exceed	VERB
cblr-2937	1283	10	the	the	DET
cblr-2937	1283	11	profits	profit	NOUN
cblr-2937	1283	12	from	from	ADP
cblr-2937	1283	13	issuing	issue	VERB
cblr-2937	1283	14	ratings	rating	NOUN
cblr-2937	1283	15	on	on	ADP
cblr-2937	1283	16	a	a	DET
cblr-2937	1283	17	given	give	VERB
cblr-2937	1283	18	product	product	NOUN
cblr-2937	1283	19	by	by	ADP
cblr-2937	1283	20	a	a	DET
cblr-2937	1283	21	large	large	ADJ
cblr-2937	1283	22	amount	amount	NOUN
cblr-2937	1283	23	,	,	PUNCT
cblr-2937	1283	24	even	even	ADV
cblr-2937	1283	25	a	a	DET
cblr-2937	1283	26	small	small	ADJ
cblr-2937	1283	27	possibility	possibility	NOUN
cblr-2937	1283	28	of	of	ADP
cblr-2937	1283	29	error	error	NOUN
cblr-2937	1283	30	in	in	ADP
cblr-2937	1283	31	applying	apply	VERB
cblr-2937	1283	32	the	the	DET
cblr-2937	1283	33	standard	standard	NOUN
cblr-2937	1283	34	will	will	AUX
cblr-2937	1283	35	overdeter	overdeter	VERB
cblr-2937	1283	36	production	production	NOUN
cblr-2937	1283	37	.	.	PUNCT
cblr-2937	1284	1	moreover	moreover	ADV
cblr-2937	1284	2	,	,	PUNCT
cblr-2937	1284	3	although	although	SCONJ
cblr-2937	1284	4	it	it	PRON
cblr-2937	1284	5	is	be	AUX
cblr-2937	1284	6	reasonable	reasonable	ADJ
cblr-2937	1284	7	to	to	PART
cblr-2937	1284	8	suppose	suppose	VERB
cblr-2937	1284	9	that	that	SCONJ
cblr-2937	1284	10	poor	poor	ADJ
cblr-2937	1284	11	-	-	PUNCT
cblr-2937	1284	12	quality	quality	NOUN
cblr-2937	1284	13	recommendations	recommendation	NOUN
cblr-2937	1284	14	result	result	VERB
cblr-2937	1284	15	in	in	ADP
cblr-2937	1284	16	social	social	ADJ
cblr-2937	1284	17	loss	loss	NOUN
cblr-2937	1284	18	and	and	CCONJ
cblr-2937	1284	19	should	should	AUX
cblr-2937	1284	20	be	be	AUX
cblr-2937	1284	21	deterred	deter	VERB
cblr-2937	1284	22	,	,	PUNCT
cblr-2937	1284	23	it	it	PRON
cblr-2937	1284	24	is	be	AUX
cblr-2937	1284	25	far	far	ADV
cblr-2937	1284	26	less	less	ADV
cblr-2937	1284	27	reasonable	reasonable	ADJ
cblr-2937	1284	28	to	to	PART
cblr-2937	1284	29	suppose	suppose	VERB
cblr-2937	1284	30	that	that	SCONJ
cblr-2937	1284	31	this	this	DET
cblr-2937	1284	32	social	social	ADJ
cblr-2937	1284	33	loss	loss	NOUN
cblr-2937	1284	34	is	be	AUX
cblr-2937	1284	35	equal	equal	ADJ
cblr-2937	1284	36	to	to	ADP
cblr-2937	1284	37	the	the	DET
cblr-2937	1284	38	investor	investor	NOUN
cblr-2937	1284	39	's	's	PART
cblr-2937	1284	40	loss	loss	NOUN
cblr-2937	1284	41	on	on	ADP
cblr-2937	1284	42	the	the	DET
cblr-2937	1284	43	investment	investment	NOUN
cblr-2937	1284	44	.	.	PUNCT
cblr-2937	1285	1	a	a	DET
cblr-2937	1285	2	minimally	minimally	ADV
cblr-2937	1285	3	intrusive	intrusive	ADJ
cblr-2937	1285	4	intervention	intervention	NOUN
cblr-2937	1285	5	to	to	PART
cblr-2937	1285	6	address	address	VERB
cblr-2937	1285	7	the	the	DET
cblr-2937	1285	8	problem	problem	NOUN
cblr-2937	1285	9	in	in	ADP
cblr-2937	1285	10	question	question	NOUN
cblr-2937	1285	11	seems	seem	VERB
cblr-2937	1285	12	advisable	advisable	ADJ
cblr-2937	1285	13	,	,	PUNCT
cblr-2937	1285	14	and	and	CCONJ
cblr-2937	1285	15	disgorgement	disgorgement	NOUN
cblr-2937	1285	16	of	of	ADP
cblr-2937	1285	17	rating	rating	NOUN
cblr-2937	1285	18	agency	agency	NOUN
cblr-2937	1285	19	fees	fee	NOUN
cblr-2937	1285	20	is	be	AUX
cblr-2937	1285	21	far	far	ADV
cblr-2937	1285	22	less	less	ADV
cblr-2937	1285	23	269	269	NUM
cblr-2937	1285	24	partnoy	partnoy	ADJ
cblr-2937	1285	25	,	,	PUNCT
cblr-2937	1285	26	supra	supra	ADJ
cblr-2937	1285	27	note	note	NOUN
cblr-2937	1285	28	109	109	NUM
cblr-2937	1285	29	,	,	PUNCT
cblr-2937	1285	30	at	at	ADP
cblr-2937	1285	31	511	511	NUM
cblr-2937	1285	32	-	-	SYM
cblr-2937	1285	33	14	14	NUM
cblr-2937	1285	34	.	.	PUNCT
cblr-2937	1286	1	20	20	NUM
cblr-2937	1287	1	this	this	DET
cblr-2937	1287	2	limitation	limitation	NOUN
cblr-2937	1287	3	of	of	ADP
cblr-2937	1287	4	damages	damage	NOUN
cblr-2937	1287	5	neutralizes	neutralize	VERB
cblr-2937	1287	6	the	the	DET
cblr-2937	1287	7	criticism	criticism	NOUN
cblr-2937	1287	8	that	that	SCONJ
cblr-2937	1287	9	holding	hold	VERB
cblr-2937	1287	10	agencies	agency	NOUN
cblr-2937	1287	11	responsible	responsible	ADJ
cblr-2937	1287	12	for	for	ADP
cblr-2937	1287	13	ratings	rating	NOUN
cblr-2937	1287	14	quality	quality	NOUN
cblr-2937	1287	15	turns	turn	VERB
cblr-2937	1287	16	them	they	PRON
cblr-2937	1287	17	into	into	ADP
cblr-2937	1287	18	"	"	PUNCT
cblr-2937	1287	19	insurers	insurer	NOUN
cblr-2937	1287	20	.	.	PUNCT
cblr-2937	1287	21	"	"	PUNCT
cblr-2937	1288	1	see	see	VERB
cblr-2937	1288	2	,	,	PUNCT
cblr-2937	1288	3	e.g.	e.g.	ADV
cblr-2937	1288	4	,	,	PUNCT
cblr-2937	1288	5	husisian	husisian	ADJ
cblr-2937	1288	6	,	,	PUNCT
cblr-2937	1288	7	supra	supra	PROPN
cblr-2937	1288	8	note	note	NOUN
cblr-2937	1288	9	64	64	NUM
cblr-2937	1288	10	,	,	PUNCT
cblr-2937	1288	11	at	at	ADP
cblr-2937	1288	12	442	442	NUM
cblr-2937	1288	13	-	-	SYM
cblr-2937	1288	14	43	43	NUM
cblr-2937	1288	15	,	,	PUNCT
cblr-2937	1288	16	445	445	NUM
cblr-2937	1288	17	-	-	SYM
cblr-2937	1288	18	46	46	NUM
cblr-2937	1288	19	.	.	PUNCT
cblr-2937	1289	1	agencies	agency	NOUN
cblr-2937	1289	2	are	be	AUX
cblr-2937	1289	3	not	not	PART
cblr-2937	1289	4	insuring	insure	VERB
cblr-2937	1289	5	investors	investor	NOUN
cblr-2937	1289	6	against	against	ADP
cblr-2937	1289	7	loss	loss	NOUN
cblr-2937	1289	8	under	under	ADP
cblr-2937	1289	9	this	this	DET
cblr-2937	1289	10	proposal	proposal	NOUN
cblr-2937	1289	11	.	.	PUNCT
cblr-2937	1290	1	all	all	PRON
cblr-2937	1290	2	that	that	PRON
cblr-2937	1290	3	is	be	AUX
cblr-2937	1290	4	at	at	ADP
cblr-2937	1290	5	stake	stake	NOUN
cblr-2937	1290	6	is	be	AUX
cblr-2937	1290	7	the	the	DET
cblr-2937	1290	8	amount	amount	NOUN
cblr-2937	1290	9	that	that	PRON
cblr-2937	1290	10	agencies	agency	NOUN
cblr-2937	1290	11	are	be	AUX
cblr-2937	1290	12	paid	pay	VERB
cblr-2937	1290	13	for	for	ADP
cblr-2937	1290	14	the	the	DET
cblr-2937	1290	15	ratings	rating	NOUN
cblr-2937	1290	16	,	,	PUNCT
cblr-2937	1290	17	which	which	PRON
cblr-2937	1290	18	is	be	AUX
cblr-2937	1290	19	probably	probably	ADV
cblr-2937	1290	20	much	much	ADV
cblr-2937	1290	21	smaller	small	ADJ
cblr-2937	1290	22	.	.	PUNCT
cblr-2937	1291	1	rating	rating	NOUN
cblr-2937	1291	2	agencies	agency	NOUN
cblr-2937	1291	3	apparently	apparently	ADV
cblr-2937	1291	4	charge	charge	VERB
cblr-2937	1291	5	in	in	ADP
cblr-2937	1291	6	the	the	DET
cblr-2937	1291	7	neighborhood	neighborhood	NOUN
cblr-2937	1291	8	of	of	ADP
cblr-2937	1291	9	3.25	3.25	NUM
cblr-2937	1291	10	to	to	PART
cblr-2937	1291	11	7	7	NUM
cblr-2937	1291	12	basis	basis	NOUN
cblr-2937	1291	13	points	point	NOUN
cblr-2937	1291	14	(	(	PUNCT
cblr-2937	1291	15	"	"	PUNCT
cblr-2937	1291	16	bps	bps	NOUN
cblr-2937	1291	17	"	"	PUNCT
cblr-2937	1291	18	)	)	PUNCT
cblr-2937	1291	19	of	of	ADP
cblr-2937	1291	20	principal	principal	NOUN
cblr-2937	1291	21	to	to	PART
cblr-2937	1291	22	rate	rate	VERB
cblr-2937	1291	23	traditional	traditional	ADJ
cblr-2937	1291	24	corporate	corporate	ADJ
cblr-2937	1291	25	bonds	bond	NOUN
cblr-2937	1291	26	,	,	PUNCT
cblr-2937	1291	27	and	and	CCONJ
cblr-2937	1291	28	7	7	NUM
cblr-2937	1291	29	to	to	PART
cblr-2937	1291	30	12	12	NUM
cblr-2937	1291	31	bps	bps	NOUN
cblr-2937	1291	32	of	of	ADP
cblr-2937	1291	33	principal	principal	NOUN
cblr-2937	1291	34	to	to	PART
cblr-2937	1291	35	rate	rate	VERB
cblr-2937	1291	36	structured	structured	ADJ
cblr-2937	1291	37	products	product	NOUN
cblr-2937	1291	38	.	.	PUNCT
cblr-2937	1292	1	ashcraft	ashcraft	PROPN
cblr-2937	1292	2	&	&	CCONJ
cblr-2937	1292	3	scheuermann	scheuermann	PROPN
cblr-2937	1292	4	,	,	PUNCT
cblr-2937	1292	5	supra	supra	PROPN
cblr-2937	1292	6	note	note	PROPN
cblr-2937	1292	7	24	24	NUM
cblr-2937	1292	8	,	,	PUNCT
cblr-2937	1292	9	at	at	ADP
cblr-2937	1292	10	39	39	NUM
cblr-2937	1292	11	.	.	PUNCT
cblr-2937	1293	1	fees	fee	NOUN
cblr-2937	1293	2	are	be	AUX
cblr-2937	1293	3	thus	thus	ADV
cblr-2937	1293	4	$	$	SYM
cblr-2937	1293	5	325	325	NUM
cblr-2937	1293	6	to	to	PART
cblr-2937	1293	7	$	$	SYM
cblr-2937	1293	8	1200	1200	NUM
cblr-2937	1293	9	per	per	ADP
cblr-2937	1293	10	$	$	SYM
cblr-2937	1293	11	1	1	NUM
cblr-2937	1293	12	million	million	NUM
cblr-2937	1293	13	of	of	ADP
cblr-2937	1293	14	principal	principal	NOUN
cblr-2937	1293	15	.	.	PUNCT
cblr-2937	1294	1	arguments	argument	NOUN
cblr-2937	1294	2	that	that	SCONJ
cblr-2937	1294	3	rating	rating	NOUN
cblr-2937	1294	4	price	price	NOUN
cblr-2937	1294	5	would	would	AUX
cblr-2937	1294	6	increase	increase	VERB
cblr-2937	1294	7	also	also	ADV
cblr-2937	1294	8	seem	seem	VERB
cblr-2937	1294	9	unpersuasive	unpersuasive	ADJ
cblr-2937	1294	10	:	:	PUNCT
cblr-2937	1294	11	the	the	DET
cblr-2937	1294	12	agency	agency	NOUN
cblr-2937	1294	13	can	can	AUX
cblr-2937	1294	14	avoid	avoid	VERB
cblr-2937	1294	15	liability	liability	NOUN
cblr-2937	1294	16	by	by	ADP
cblr-2937	1294	17	disclosing	disclose	VERB
cblr-2937	1294	18	low	low	ADJ
cblr-2937	1294	19	quality	quality	NOUN
cblr-2937	1294	20	or	or	CCONJ
cblr-2937	1294	21	refraining	refrain	VERB
cblr-2937	1294	22	from	from	ADP
cblr-2937	1294	23	issuing	issue	VERB
cblr-2937	1294	24	ratings	rating	NOUN
cblr-2937	1294	25	,	,	PUNCT
cblr-2937	1294	26	and	and	CCONJ
cblr-2937	1294	27	large	large	ADJ
cblr-2937	1294	28	damage	damage	NOUN
cblr-2937	1294	29	awards	award	NOUN
cblr-2937	1294	30	will	will	AUX
cblr-2937	1294	31	not	not	PART
cblr-2937	1294	32	occur	occur	VERB
cblr-2937	1294	33	because	because	SCONJ
cblr-2937	1294	34	of	of	ADP
cblr-2937	1294	35	the	the	DET
cblr-2937	1294	36	limited	limited	ADJ
cblr-2937	1294	37	nature	nature	NOUN
cblr-2937	1294	38	of	of	ADP
cblr-2937	1294	39	the	the	DET
cblr-2937	1294	40	remedy	remedy	NOUN
cblr-2937	1294	41	.	.	PUNCT
cblr-2937	1295	1	in	in	ADP
cblr-2937	1295	2	any	any	DET
cblr-2937	1295	3	event	event	NOUN
cblr-2937	1295	4	,	,	PUNCT
cblr-2937	1295	5	rating	rating	NOUN
cblr-2937	1295	6	prices	price	NOUN
cblr-2937	1295	7	are	be	AUX
cblr-2937	1295	8	low	low	ADJ
cblr-2937	1295	9	relative	relative	ADJ
cblr-2937	1295	10	to	to	ADP
cblr-2937	1295	11	the	the	DET
cblr-2937	1295	12	amount	amount	NOUN
cblr-2937	1295	13	of	of	ADP
cblr-2937	1295	14	damage	damage	NOUN
cblr-2937	1295	15	poor	poor	ADJ
cblr-2937	1295	16	-	-	PUNCT
cblr-2937	1295	17	quality	quality	NOUN
cblr-2937	1295	18	ratings	rating	NOUN
cblr-2937	1295	19	seem	seem	VERB
cblr-2937	1295	20	capable	capable	ADJ
cblr-2937	1295	21	of	of	ADP
cblr-2937	1295	22	causing	cause	VERB
cblr-2937	1295	23	.	.	PUNCT
cblr-2937	1296	1	[	[	X
cblr-2937	1296	2	vol	vol	NOUN
cblr-2937	1296	3	.	.	PUNCT
cblr-2937	1296	4	2009	2009	NUM
cblr-2937	1296	5	intrusive	intrusive	ADJ
cblr-2937	1296	6	than	than	ADP
cblr-2937	1296	7	damages	damage	NOUN
cblr-2937	1296	8	for	for	ADP
cblr-2937	1296	9	investor	investor	NOUN
cblr-2937	1296	10	losses	loss	NOUN
cblr-2937	1296	11	from	from	ADP
cblr-2937	1296	12	failed	fail	VERB
cblr-2937	1296	13	investments	investment	NOUN
cblr-2937	1296	14	.	.	PUNCT
cblr-2937	1297	1	3	3	X
cblr-2937	1297	2	.	.	X
cblr-2937	1297	3	negligence	negligence	NOUN
cblr-2937	1297	4	liability	liability	NOUN
cblr-2937	1297	5	it	it	PRON
cblr-2937	1297	6	appears	appear	VERB
cblr-2937	1297	7	unlikely	unlikely	ADJ
cblr-2937	1297	8	that	that	SCONJ
cblr-2937	1297	9	rating	rating	NOUN
cblr-2937	1297	10	agencies	agency	NOUN
cblr-2937	1297	11	are	be	AUX
cblr-2937	1297	12	subject	subject	ADJ
cblr-2937	1297	13	to	to	ADP
cblr-2937	1297	14	state	state	NOUN
cblr-2937	1297	15	-	-	PUNCT
cblr-2937	1297	16	law	law	NOUN
cblr-2937	1297	17	negligence	negligence	NOUN
cblr-2937	1297	18	claims27	claims27	NOUN
cblr-2937	1297	19	'	'	PUNCT
cblr-2937	1297	20	under	under	ADP
cblr-2937	1297	21	current	current	ADJ
cblr-2937	1297	22	law	law	NOUN
cblr-2937	1297	23	.	.	PUNCT
cblr-2937	1298	1	the	the	DET
cblr-2937	1298	2	restatement	restatement	NOUN
cblr-2937	1298	3	of	of	ADP
cblr-2937	1298	4	torts	torts	PROPN
cblr-2937	1298	5	(	(	PUNCT
cblr-2937	1298	6	second	second	ADJ
cblr-2937	1298	7	)	)	PUNCT
cblr-2937	1298	8	§	§	PROPN
cblr-2937	1298	9	552	552	NUM
cblr-2937	1298	10	,	,	PUNCT
cblr-2937	1298	11	which	which	PRON
cblr-2937	1298	12	recognizes	recognize	VERB
cblr-2937	1298	13	negligence	negligence	NOUN
cblr-2937	1298	14	liability	liability	NOUN
cblr-2937	1298	15	for	for	ADP
cblr-2937	1298	16	providers	provider	NOUN
cblr-2937	1298	17	of	of	ADP
cblr-2937	1298	18	business	business	NOUN
cblr-2937	1298	19	information	information	NOUN
cblr-2937	1298	20	,	,	PUNCT
cblr-2937	1298	21	could	could	AUX
cblr-2937	1298	22	apply	apply	VERB
cblr-2937	1298	23	to	to	ADP
cblr-2937	1298	24	rating	rating	NOUN
cblr-2937	1298	25	agencies	agency	NOUN
cblr-2937	1298	26	.	.	PUNCT
cblr-2937	1299	1	but	but	CCONJ
cblr-2937	1299	2	the	the	DET
cblr-2937	1299	3	provision	provision	NOUN
cblr-2937	1299	4	focuses	focus	VERB
cblr-2937	1299	5	on	on	ADP
cblr-2937	1299	6	"	"	PUNCT
cblr-2937	1299	7	obtaining	obtain	VERB
cblr-2937	1299	8	and	and	CCONJ
cblr-2937	1299	9	communicating	communicate	VERB
cblr-2937	1299	10	"	"	PUNCT
cblr-2937	1299	11	information	information	NOUN
cblr-2937	1299	12	-	-	PUNCT
cblr-2937	1299	13	apparently	apparently	ADV
cblr-2937	1299	14	factual	factual	ADJ
cblr-2937	1299	15	information	information	NOUN
cblr-2937	1299	16	-	-	PUNCT
cblr-2937	1299	17	rather	rather	ADV
cblr-2937	1299	18	than	than	ADP
cblr-2937	1299	19	on	on	ADP
cblr-2937	1299	20	the	the	DET
cblr-2937	1299	21	quality	quality	NOUN
cblr-2937	1299	22	of	of	ADP
cblr-2937	1299	23	judgments.272	judgments.272	NOUN
cblr-2937	1299	24	even	even	ADV
cblr-2937	1299	25	if	if	SCONJ
cblr-2937	1299	26	the	the	DET
cblr-2937	1299	27	restatement	restatement	NOUN
cblr-2937	1299	28	does	do	AUX
cblr-2937	1299	29	apply	apply	VERB
cblr-2937	1299	30	,	,	PUNCT
cblr-2937	1299	31	agencies	agency	NOUN
cblr-2937	1299	32	possess	possess	VERB
cblr-2937	1299	33	"	"	PUNCT
cblr-2937	1299	34	conventional	conventional	ADJ
cblr-2937	1299	35	defenses	defense	NOUN
cblr-2937	1299	36	to	to	ADP
cblr-2937	1299	37	liability	liability	NOUN
cblr-2937	1299	38	"	"	PUNCT
cblr-2937	1299	39	based	base	VERB
cblr-2937	1299	40	on	on	ADP
cblr-2937	1299	41	the	the	DET
cblr-2937	1299	42	absence	absence	NOUN
cblr-2937	1299	43	of	of	ADP
cblr-2937	1299	44	duty	duty	NOUN
cblr-2937	1299	45	to	to	ADP
cblr-2937	1299	46	investors	investor	NOUN
cblr-2937	1299	47	and	and	CCONJ
cblr-2937	1299	48	on	on	ADP
cblr-2937	1299	49	their	their	PRON
cblr-2937	1299	50	statements	statement	NOUN
cblr-2937	1299	51	that	that	SCONJ
cblr-2937	1299	52	ratings	rating	NOUN
cblr-2937	1299	53	are	be	AUX
cblr-2937	1299	54	not	not	PART
cblr-2937	1299	55	investment	investment	NOUN
cblr-2937	1299	56	recommendations	recommendation	NOUN
cblr-2937	1299	57	,	,	PUNCT
cblr-2937	1299	58	and	and	CCONJ
cblr-2937	1299	59	at	at	ADV
cblr-2937	1299	60	least	least	ADV
cblr-2937	1299	61	one	one	NUM
cblr-2937	1299	62	commentator	commentator	NOUN
cblr-2937	1299	63	finds	find	VERB
cblr-2937	1299	64	these	these	DET
cblr-2937	1299	65	defenses	defense	NOUN
cblr-2937	1299	66	"	"	PUNCT
cblr-2937	1299	67	quite	quite	ADV
cblr-2937	1299	68	potent	potent	ADJ
cblr-2937	1299	69	under	under	ADP
cblr-2937	1299	70	271	271	NUM
cblr-2937	1299	71	this	this	DET
cblr-2937	1299	72	discussion	discussion	NOUN
cblr-2937	1299	73	covers	cover	VERB
cblr-2937	1299	74	negligence	negligence	NOUN
cblr-2937	1299	75	claims	claim	NOUN
cblr-2937	1299	76	that	that	PRON
cblr-2937	1299	77	are	be	AUX
cblr-2937	1299	78	not	not	PART
cblr-2937	1299	79	based	base	VERB
cblr-2937	1299	80	on	on	ADP
cblr-2937	1299	81	claims	claim	NOUN
cblr-2937	1299	82	of	of	ADP
cblr-2937	1299	83	"	"	PUNCT
cblr-2937	1299	84	misstatement	misstatement	NOUN
cblr-2937	1299	85	.	.	PUNCT
cblr-2937	1299	86	"	"	PUNCT
cblr-2937	1300	1	such	such	ADJ
cblr-2937	1300	2	claims	claim	NOUN
cblr-2937	1300	3	are	be	AUX
cblr-2937	1300	4	subject	subject	ADJ
cblr-2937	1300	5	to	to	ADP
cblr-2937	1300	6	a	a	DET
cblr-2937	1300	7	fraud	fraud	NOUN
cblr-2937	1300	8	-	-	PUNCT
cblr-2937	1300	9	type	type	NOUN
cblr-2937	1300	10	analysis	analysis	NOUN
cblr-2937	1300	11	with	with	ADP
cblr-2937	1300	12	a	a	DET
cblr-2937	1300	13	particular	particular	ADJ
cblr-2937	1300	14	scienter	scienter	NOUN
cblr-2937	1300	15	requirement	requirement	NOUN
cblr-2937	1300	16	,	,	PUNCT
cblr-2937	1300	17	and	and	CCONJ
cblr-2937	1300	18	the	the	DET
cblr-2937	1300	19	observations	observation	NOUN
cblr-2937	1300	20	in	in	ADP
cblr-2937	1300	21	part	part	NOUN
cblr-2937	1300	22	v.c.2	v.c.2	NOUN
cblr-2937	1300	23	apply	apply	VERB
cblr-2937	1300	24	.	.	PUNCT
cblr-2937	1301	1	272	272	NUM
cblr-2937	1301	2	restatement	restatement	NOUN
cblr-2937	1301	3	(	(	PUNCT
cblr-2937	1301	4	second	second	ADJ
cblr-2937	1301	5	)	)	PUNCT
cblr-2937	1301	6	of	of	ADP
cblr-2937	1301	7	torts	torts	PROPN
cblr-2937	1301	8	§	§	PROPN
cblr-2937	1301	9	552	552	NUM
cblr-2937	1301	10	(	(	PUNCT
cblr-2937	1301	11	1977	1977	NUM
cblr-2937	1301	12	)	)	PUNCT
cblr-2937	1301	13	.	.	PUNCT
cblr-2937	1302	1	the	the	DET
cblr-2937	1302	2	restatement	restatement	NOUN
cblr-2937	1302	3	provides	provide	VERB
cblr-2937	1302	4	:	:	PUNCT
cblr-2937	1302	5	one	one	NUM
cblr-2937	1302	6	who	who	PRON
cblr-2937	1302	7	in	in	ADP
cblr-2937	1302	8	the	the	DET
cblr-2937	1302	9	course	course	NOUN
cblr-2937	1302	10	of	of	ADP
cblr-2937	1302	11	his	his	PRON
cblr-2937	1302	12	business	business	NOUN
cblr-2937	1302	13	or	or	CCONJ
cblr-2937	1302	14	profession	profession	NOUN
cblr-2937	1302	15	supplies	supply	VERB
cblr-2937	1302	16	information	information	NOUN
cblr-2937	1302	17	for	for	ADP
cblr-2937	1302	18	the	the	DET
cblr-2937	1302	19	guidance	guidance	NOUN
cblr-2937	1302	20	of	of	ADP
cblr-2937	1302	21	others	other	NOUN
cblr-2937	1302	22	in	in	ADP
cblr-2937	1302	23	their	their	PRON
cblr-2937	1302	24	business	business	NOUN
cblr-2937	1302	25	transactions	transaction	NOUN
cblr-2937	1302	26	is	be	AUX
cblr-2937	1302	27	subject	subject	ADJ
cblr-2937	1302	28	to	to	ADP
cblr-2937	1302	29	liability	liability	NOUN
cblr-2937	1302	30	for	for	ADP
cblr-2937	1302	31	harm	harm	NOUN
cblr-2937	1302	32	caused	cause	VERB
cblr-2937	1302	33	to	to	ADP
cblr-2937	1302	34	them	they	PRON
cblr-2937	1302	35	by	by	ADP
cblr-2937	1302	36	their	their	PRON
cblr-2937	1302	37	reliance	reliance	NOUN
cblr-2937	1302	38	upon	upon	SCONJ
cblr-2937	1302	39	the	the	DET
cblr-2937	1302	40	information	information	NOUN
cblr-2937	1302	41	if	if	SCONJ
cblr-2937	1302	42	(	(	PUNCT
cblr-2937	1302	43	a	a	X
cblr-2937	1302	44	)	)	PUNCT
cblr-2937	1302	45	he	he	PRON
cblr-2937	1302	46	fails	fail	VERB
cblr-2937	1302	47	to	to	PART
cblr-2937	1302	48	exercise	exercise	VERB
cblr-2937	1302	49	that	that	DET
cblr-2937	1302	50	care	care	NOUN
cblr-2937	1302	51	and	and	CCONJ
cblr-2937	1302	52	competence	competence	NOUN
cblr-2937	1302	53	in	in	ADP
cblr-2937	1302	54	obtaining	obtain	VERB
cblr-2937	1302	55	and	and	CCONJ
cblr-2937	1302	56	communicating	communicate	VERB
cblr-2937	1302	57	the	the	DET
cblr-2937	1302	58	information	information	NOUN
cblr-2937	1302	59	which	which	PRON
cblr-2937	1302	60	its	its	PRON
cblr-2937	1302	61	recipient	recipient	NOUN
cblr-2937	1302	62	is	be	AUX
cblr-2937	1302	63	justified	justify	VERB
cblr-2937	1302	64	in	in	ADP
cblr-2937	1302	65	expecting	expect	VERB
cblr-2937	1302	66	,	,	PUNCT
cblr-2937	1302	67	and	and	CCONJ
cblr-2937	1302	68	(	(	PUNCT
cblr-2937	1302	69	b	b	X
cblr-2937	1302	70	)	)	PUNCT
cblr-2937	1302	71	the	the	DET
cblr-2937	1302	72	harm	harm	NOUN
cblr-2937	1302	73	is	be	AUX
cblr-2937	1302	74	suffered	suffer	VERB
cblr-2937	1302	75	(	(	PUNCT
cblr-2937	1302	76	i	i	NOUN
cblr-2937	1302	77	)	)	PUNCT
cblr-2937	1302	78	by	by	ADP
cblr-2937	1302	79	the	the	DET
cblr-2937	1302	80	person	person	NOUN
cblr-2937	1302	81	or	or	CCONJ
cblr-2937	1302	82	one	one	NUM
cblr-2937	1302	83	of	of	ADP
cblr-2937	1302	84	the	the	DET
cblr-2937	1302	85	class	class	NOUN
cblr-2937	1302	86	of	of	ADP
cblr-2937	1302	87	persons	person	NOUN
cblr-2937	1302	88	for	for	ADP
cblr-2937	1302	89	whose	whose	DET
cblr-2937	1302	90	guidance	guidance	NOUN
cblr-2937	1302	91	the	the	DET
cblr-2937	1302	92	information	information	NOUN
cblr-2937	1302	93	was	be	AUX
cblr-2937	1302	94	supplied	supply	VERB
cblr-2937	1302	95	,	,	PUNCT
cblr-2937	1302	96	and	and	CCONJ
cblr-2937	1302	97	(	(	PUNCT
cblr-2937	1302	98	ii	ii	NOUN
cblr-2937	1302	99	)	)	PUNCT
cblr-2937	1302	100	because	because	SCONJ
cblr-2937	1302	101	of	of	ADP
cblr-2937	1302	102	his	his	PRON
cblr-2937	1302	103	justifiable	justifiable	ADJ
cblr-2937	1302	104	reliance	reliance	NOUN
cblr-2937	1302	105	upon	upon	SCONJ
cblr-2937	1302	106	it	it	PRON
cblr-2937	1302	107	in	in	ADP
cblr-2937	1302	108	a	a	DET
cblr-2937	1302	109	transaction	transaction	NOUN
cblr-2937	1302	110	in	in	ADP
cblr-2937	1302	111	which	which	PRON
cblr-2937	1302	112	it	it	PRON
cblr-2937	1302	113	was	be	AUX
cblr-2937	1302	114	intended	intend	VERB
cblr-2937	1302	115	to	to	PART
cblr-2937	1302	116	influence	influence	VERB
cblr-2937	1302	117	his	his	PRON
cblr-2937	1302	118	conduct	conduct	NOUN
cblr-2937	1302	119	or	or	CCONJ
cblr-2937	1302	120	in	in	ADP
cblr-2937	1302	121	a	a	DET
cblr-2937	1302	122	transaction	transaction	NOUN
cblr-2937	1302	123	substantially	substantially	ADV
cblr-2937	1302	124	identical	identical	ADJ
cblr-2937	1302	125	therewith	therewith	NOUN
cblr-2937	1302	126	.	.	PUNCT
cblr-2937	1303	1	no	no	INTJ
cblr-2937	1303	2	.	.	PUNCT
cblr-2937	1304	1	1:109	1:109	NUM
cblr-2937	1304	2	]	]	PUNCT
cblr-2937	1304	3	credit	credit	NOUN
cblr-2937	1304	4	ra	ra	PROPN
cblr-2937	1304	5	ting	ting	PROPN
cblr-2937	1304	6	agencies	agency	NOUN
cblr-2937	1304	7	traditional	traditional	ADJ
cblr-2937	1304	8	principles	principle	NOUN
cblr-2937	1304	9	of	of	ADP
cblr-2937	1304	10	tort	tort	NOUN
cblr-2937	1304	11	law	law	NOUN
cblr-2937	1304	12	.	.	PUNCT
cblr-2937	1304	13	"	"	PUNCT
cblr-2937	1305	1	'	'	PUNCT
cblr-2937	1305	2	273	273	NUM
cblr-2937	1305	3	most	most	ADV
cblr-2937	1305	4	important	important	ADJ
cblr-2937	1305	5	,	,	PUNCT
cblr-2937	1305	6	the	the	DET
cblr-2937	1305	7	2006	2006	NUM
cblr-2937	1305	8	act	act	NOUN
cblr-2937	1305	9	prohibits	prohibit	VERB
cblr-2937	1305	10	states	state	NOUN
cblr-2937	1305	11	from	from	ADP
cblr-2937	1305	12	regulating	regulate	VERB
cblr-2937	1305	13	the	the	DET
cblr-2937	1305	14	"	"	PUNCT
cblr-2937	1305	15	substance	substance	NOUN
cblr-2937	1305	16	"	"	PUNCT
cblr-2937	1305	17	of	of	ADP
cblr-2937	1305	18	credit	credit	NOUN
cblr-2937	1305	19	ratings	rating	NOUN
cblr-2937	1305	20	.	.	PUNCT
cblr-2937	1306	1	4	4	NUM
cblr-2937	1306	2	state	state	NOUN
cblr-2937	1306	3	tort	tort	NOUN
cblr-2937	1306	4	liability	liability	NOUN
cblr-2937	1306	5	relating	relate	VERB
cblr-2937	1306	6	to	to	ADP
cblr-2937	1306	7	a	a	DET
cblr-2937	1306	8	subject	subject	NOUN
cblr-2937	1306	9	typically	typically	ADV
cblr-2937	1306	10	is	be	AUX
cblr-2937	1306	11	considered	consider	VERB
cblr-2937	1306	12	state	state	NOUN
cblr-2937	1306	13	regulation	regulation	NOUN
cblr-2937	1306	14	of	of	ADP
cblr-2937	1306	15	that	that	PRON
cblr-2937	1306	16	subject,275	subject,275	PROPN
cblr-2937	1307	1	so	so	ADV
cblr-2937	1307	2	it	it	PRON
cblr-2937	1307	3	probably	probably	ADV
cblr-2937	1307	4	is	be	AUX
cblr-2937	1307	5	preempted	preempt	VERB
cblr-2937	1307	6	under	under	ADP
cblr-2937	1307	7	current	current	ADJ
cblr-2937	1307	8	law	law	NOUN
cblr-2937	1307	9	.	.	PUNCT
cblr-2937	1308	1	on	on	ADP
cblr-2937	1308	2	the	the	DET
cblr-2937	1308	3	level	level	NOUN
cblr-2937	1308	4	of	of	ADP
cblr-2937	1308	5	policy	policy	NOUN
cblr-2937	1308	6	,	,	PUNCT
cblr-2937	1308	7	a	a	DET
cblr-2937	1308	8	remedy	remedy	NOUN
cblr-2937	1308	9	of	of	ADP
cblr-2937	1308	10	disgorgement	disgorgement	NOUN
cblr-2937	1308	11	rather	rather	ADV
cblr-2937	1308	12	than	than	ADP
cblr-2937	1308	13	damages	damage	NOUN
cblr-2937	1308	14	makes	make	VERB
cblr-2937	1308	15	sense	sense	NOUN
cblr-2937	1308	16	in	in	ADP
cblr-2937	1308	17	this	this	DET
cblr-2937	1308	18	context	context	NOUN
cblr-2937	1308	19	,	,	PUNCT
cblr-2937	1308	20	as	as	SCONJ
cblr-2937	1308	21	explained	explain	VERB
cblr-2937	1308	22	,	,	PUNCT
cblr-2937	1308	23	so	so	CCONJ
cblr-2937	1308	24	a	a	DET
cblr-2937	1308	25	classic	classic	ADJ
cblr-2937	1308	26	negligence	negligence	NOUN
cblr-2937	1308	27	action	action	NOUN
cblr-2937	1308	28	is	be	AUX
cblr-2937	1308	29	inappropriate	inappropriate	ADJ
cblr-2937	1308	30	.	.	PUNCT
cblr-2937	1309	1	moreover	moreover	ADV
cblr-2937	1309	2	,	,	PUNCT
cblr-2937	1309	3	the	the	DET
cblr-2937	1309	4	"	"	PUNCT
cblr-2937	1309	5	reasonable	reasonable	ADJ
cblr-2937	1309	6	care	care	NOUN
cblr-2937	1309	7	"	"	PUNCT
cblr-2937	1309	8	standard	standard	NOUN
cblr-2937	1309	9	for	for	ADP
cblr-2937	1309	10	negligence	negligence	NOUN
cblr-2937	1309	11	liability	liability	NOUN
cblr-2937	1309	12	poses	pose	VERB
cblr-2937	1309	13	similar	similar	ADJ
cblr-2937	1309	14	problems	problem	NOUN
cblr-2937	1309	15	to	to	ADP
cblr-2937	1309	16	the	the	DET
cblr-2937	1309	17	"	"	PUNCT
cblr-2937	1309	18	reasonable	reasonable	ADJ
cblr-2937	1309	19	basis	basis	NOUN
cblr-2937	1309	20	"	"	PUNCT
cblr-2937	1309	21	standard	standard	NOUN
cblr-2937	1309	22	for	for	ADP
cblr-2937	1309	23	fraud	fraud	NOUN
cblr-2937	1309	24	,	,	PUNCT
cblr-2937	1309	25	such	such	ADJ
cblr-2937	1309	26	as	as	ADP
cblr-2937	1309	27	the	the	DET
cblr-2937	1309	28	fact	fact	NOUN
cblr-2937	1309	29	that	that	SCONJ
cblr-2937	1309	30	it	it	PRON
cblr-2937	1309	31	does	do	AUX
cblr-2937	1309	32	not	not	PART
cblr-2937	1309	33	in	in	ADP
cblr-2937	1309	34	itself	itself	PRON
cblr-2937	1309	35	define	define	VERB
cblr-2937	1309	36	a	a	DET
cblr-2937	1309	37	usable	usable	ADJ
cblr-2937	1309	38	standard	standard	NOUN
cblr-2937	1309	39	on	on	ADP
cblr-2937	1309	40	its	its	PRON
cblr-2937	1309	41	own	own	ADJ
cblr-2937	1309	42	,	,	PUNCT
cblr-2937	1309	43	but	but	CCONJ
cblr-2937	1309	44	only	only	ADV
cblr-2937	1309	45	delegates	delegate	NOUN
cblr-2937	1309	46	to	to	AUX
cblr-2937	1309	47	courts	court	NOUN
cblr-2937	1309	48	the	the	DET
cblr-2937	1309	49	problem	problem	NOUN
cblr-2937	1309	50	of	of	ADP
cblr-2937	1309	51	fashioning	fashion	VERB
cblr-2937	1309	52	a	a	DET
cblr-2937	1309	53	standard.276	standard.276	NOUN
cblr-2937	1309	54	in	in	ADP
cblr-2937	1309	55	addition	addition	NOUN
cblr-2937	1309	56	,	,	PUNCT
cblr-2937	1309	57	negligencebased	negligencebase	VERB
cblr-2937	1309	58	standards	standard	NOUN
cblr-2937	1309	59	of	of	ADP
cblr-2937	1309	60	care	care	NOUN
cblr-2937	1309	61	are	be	AUX
cblr-2937	1309	62	criticized	criticize	VERB
cblr-2937	1309	63	for	for	ADP
cblr-2937	1309	64	addressing	address	VERB
cblr-2937	1309	65	only	only	ADV
cblr-2937	1309	66	the	the	DET
cblr-2937	1309	67	manner	manner	NOUN
cblr-2937	1309	68	in	in	ADP
cblr-2937	1309	69	which	which	PRON
cblr-2937	1309	70	an	an	DET
cblr-2937	1309	71	activity	activity	NOUN
cblr-2937	1309	72	is	be	AUX
cblr-2937	1309	73	carried	carry	VERB
cblr-2937	1309	74	out	out	ADP
cblr-2937	1309	75	and	and	CCONJ
cblr-2937	1309	76	not	not	PART
cblr-2937	1309	77	whether	whether	SCONJ
cblr-2937	1309	78	the	the	DET
cblr-2937	1309	79	activity	activity	NOUN
cblr-2937	1309	80	should	should	AUX
cblr-2937	1309	81	be	be	AUX
cblr-2937	1309	82	carried	carry	VERB
cblr-2937	1309	83	out	out	ADP
cblr-2937	1309	84	at	at	ADP
cblr-2937	1309	85	all.277	all.277	PROPN
cblr-2937	1309	86	the	the	DET
cblr-2937	1309	87	latter	latter	ADJ
cblr-2937	1309	88	consideration	consideration	NOUN
cblr-2937	1309	89	is	be	AUX
cblr-2937	1309	90	critical	critical	ADJ
cblr-2937	1309	91	in	in	ADP
cblr-2937	1309	92	the	the	DET
cblr-2937	1309	93	case	case	NOUN
cblr-2937	1309	94	of	of	ADP
cblr-2937	1309	95	ratings	rating	NOUN
cblr-2937	1309	96	on	on	ADP
cblr-2937	1309	97	novel	novel	ADJ
cblr-2937	1309	98	financial	financial	ADJ
cblr-2937	1309	99	products	product	NOUN
cblr-2937	1309	100	.	.	PUNCT
cblr-2937	1310	1	a	a	DET
cblr-2937	1310	2	credit	credit	NOUN
cblr-2937	1310	3	rating	rating	NOUN
cblr-2937	1310	4	can	can	AUX
cblr-2937	1310	5	be	be	AUX
cblr-2937	1310	6	thought	think	VERB
cblr-2937	1310	7	of	of	ADP
cblr-2937	1310	8	as	as	ADP
cblr-2937	1310	9	an	an	DET
cblr-2937	1310	10	information	information	NOUN
cblr-2937	1310	11	product,278	product,278	NOUN
cblr-2937	1310	12	and	and	CCONJ
cblr-2937	1310	13	justice	justice	PROPN
cblr-2937	1310	14	traynor	traynor	PROPN
cblr-2937	1310	15	's	's	PART
cblr-2937	1310	16	classic	classic	ADJ
cblr-2937	1310	17	argument	argument	NOUN
cblr-2937	1310	18	for	for	ADP
cblr-2937	1310	19	strict	strict	ADJ
cblr-2937	1310	20	27	27	NUM
cblr-2937	1310	21	kettering	kettering	NOUN
cblr-2937	1310	22	,	,	PUNCT
cblr-2937	1310	23	supra	supra	PROPN
cblr-2937	1310	24	note	note	PROPN
cblr-2937	1310	25	16	16	NUM
cblr-2937	1310	26	,	,	PUNCT
cblr-2937	1310	27	at	at	ADP
cblr-2937	1310	28	1691	1691	NUM
cblr-2937	1310	29	.	.	PUNCT
cblr-2937	1311	1	274	274	NUM
cblr-2937	1311	2	15	15	NUM
cblr-2937	1311	3	u.s.c	u.s.c	NOUN
cblr-2937	1311	4	.	.	PUNCT
cblr-2937	1312	1	§	§	PROPN
cblr-2937	1312	2	78o-7(c)(2	78o-7(c)(2	NOUN
cblr-2937	1312	3	)	)	PUNCT
cblr-2937	1312	4	(	(	PUNCT
cblr-2937	1312	5	2008	2008	NUM
cblr-2937	1312	6	)	)	PUNCT
cblr-2937	1312	7	.	.	PUNCT
cblr-2937	1313	1	275	275	NUM
cblr-2937	1313	2	see	see	VERB
cblr-2937	1313	3	lohr	lohr	PROPN
cblr-2937	1313	4	v.	v.	PROPN
cblr-2937	1313	5	medtronic	medtronic	PROPN
cblr-2937	1313	6	,	,	PUNCT
cblr-2937	1313	7	inc	inc	PROPN
cblr-2937	1313	8	.	.	PROPN
cblr-2937	1313	9	,	,	PUNCT
cblr-2937	1313	10	518	518	NUM
cblr-2937	1313	11	u.s	u.s	PROPN
cblr-2937	1313	12	.	.	PROPN
cblr-2937	1313	13	470	470	NUM
cblr-2937	1313	14	,	,	PUNCT
cblr-2937	1313	15	504	504	NUM
cblr-2937	1313	16	-	-	SYM
cblr-2937	1313	17	05	05	NUM
cblr-2937	1313	18	,	,	PUNCT
cblr-2937	1313	19	510	510	NUM
cblr-2937	1313	20	(	(	PUNCT
cblr-2937	1313	21	1996	1996	NUM
cblr-2937	1313	22	)	)	PUNCT
cblr-2937	1313	23	(	(	PUNCT
cblr-2937	1313	24	"	"	PUNCT
cblr-2937	1313	25	[	[	X
cblr-2937	1313	26	insofar	insofar	ADV
cblr-2937	1313	27	as	as	ADP
cblr-2937	1313	28	[	[	X
cblr-2937	1313	29	a	a	DET
cblr-2937	1313	30	federal	federal	ADJ
cblr-2937	1313	31	statute	statute	NOUN
cblr-2937	1313	32	]	]	X
cblr-2937	1313	33	pre	pre	VERB
cblr-2937	1313	34	-	-	NOUN
cblr-2937	1313	35	empts	empt	VERB
cblr-2937	1313	36	a	a	DET
cblr-2937	1313	37	state	state	NOUN
cblr-2937	1313	38	requirement	requirement	NOUN
cblr-2937	1313	39	embodied	embody	VERB
cblr-2937	1313	40	in	in	ADP
cblr-2937	1313	41	a	a	DET
cblr-2937	1313	42	state	state	NOUN
cblr-2937	1313	43	statute	statute	NOUN
cblr-2937	1313	44	,	,	PUNCT
cblr-2937	1313	45	rule	rule	NOUN
cblr-2937	1313	46	,	,	PUNCT
cblr-2937	1313	47	regulation	regulation	NOUN
cblr-2937	1313	48	,	,	PUNCT
cblr-2937	1313	49	or	or	CCONJ
cblr-2937	1313	50	other	other	ADJ
cblr-2937	1313	51	administrative	administrative	ADJ
cblr-2937	1313	52	action	action	NOUN
cblr-2937	1313	53	,	,	PUNCT
cblr-2937	1313	54	it	it	PRON
cblr-2937	1313	55	would	would	AUX
cblr-2937	1313	56	also	also	ADV
cblr-2937	1313	57	pre	pre	VERB
cblr-2937	1313	58	-	-	VERB
cblr-2937	1313	59	empt	empt	VERB
cblr-2937	1313	60	a	a	DET
cblr-2937	1313	61	similar	similar	ADJ
cblr-2937	1313	62	requirement	requirement	NOUN
cblr-2937	1313	63	that	that	PRON
cblr-2937	1313	64	takes	take	VERB
cblr-2937	1313	65	the	the	DET
cblr-2937	1313	66	form	form	NOUN
cblr-2937	1313	67	of	of	ADP
cblr-2937	1313	68	a	a	DET
cblr-2937	1313	69	standard	standard	NOUN
cblr-2937	1313	70	of	of	ADP
cblr-2937	1313	71	care	care	NOUN
cblr-2937	1313	72	or	or	CCONJ
cblr-2937	1313	73	behavior	behavior	NOUN
cblr-2937	1313	74	imposed	impose	VERB
cblr-2937	1313	75	by	by	ADP
cblr-2937	1313	76	a	a	DET
cblr-2937	1313	77	state	state	NOUN
cblr-2937	1313	78	-	-	PUNCT
cblr-2937	1313	79	law	law	NOUN
cblr-2937	1313	80	tort	tort	NOUN
cblr-2937	1313	81	action	action	NOUN
cblr-2937	1313	82	.	.	PUNCT
cblr-2937	1313	83	"	"	PUNCT
cblr-2937	1313	84	)	)	PUNCT
cblr-2937	1313	85	;	;	PUNCT
cblr-2937	1313	86	see	see	VERB
cblr-2937	1313	87	also	also	ADV
cblr-2937	1313	88	riegel	riegel	PROPN
cblr-2937	1313	89	v.	v.	PROPN
cblr-2937	1313	90	medtronic	medtronic	PROPN
cblr-2937	1313	91	,	,	PUNCT
cblr-2937	1313	92	inc	inc	PROPN
cblr-2937	1313	93	.	.	PROPN
cblr-2937	1313	94	,	,	PUNCT
cblr-2937	1313	95	128	128	NUM
cblr-2937	1313	96	s.	s.	PROPN
cblr-2937	1313	97	ct	ct	PROPN
cblr-2937	1313	98	.	.	PROPN
cblr-2937	1313	99	999	999	NUM
cblr-2937	1313	100	,	,	PUNCT
cblr-2937	1313	101	1008	1008	NUM
cblr-2937	1313	102	(	(	PUNCT
cblr-2937	1313	103	2008	2008	NUM
cblr-2937	1313	104	)	)	PUNCT
cblr-2937	1313	105	;	;	PUNCT
cblr-2937	1313	106	geier	geier	NOUN
cblr-2937	1313	107	v.	v.	PROPN
cblr-2937	1313	108	american	american	PROPN
cblr-2937	1313	109	honda	honda	PROPN
cblr-2937	1313	110	motor	motor	PROPN
cblr-2937	1313	111	co.	co.	PROPN
cblr-2937	1313	112	,	,	PUNCT
cblr-2937	1313	113	529	529	NUM
cblr-2937	1313	114	u.s	u.s	PROPN
cblr-2937	1313	115	.	.	PROPN
cblr-2937	1313	116	861	861	NUM
cblr-2937	1313	117	,	,	PUNCT
cblr-2937	1313	118	886	886	NUM
cblr-2937	1313	119	(	(	PUNCT
cblr-2937	1313	120	2000	2000	NUM
cblr-2937	1313	121	)	)	PUNCT
cblr-2937	1313	122	.	.	PUNCT
cblr-2937	1314	1	276	276	NUM
cblr-2937	1314	2	see	see	VERB
cblr-2937	1314	3	,	,	PUNCT
cblr-2937	1314	4	e.g.	e.g.	ADV
cblr-2937	1314	5	,	,	PUNCT
cblr-2937	1314	6	manns	manns	PROPN
cblr-2937	1314	7	,	,	PUNCT
cblr-2937	1314	8	supra	supra	PROPN
cblr-2937	1314	9	note	note	NOUN
cblr-2937	1314	10	161	161	NUM
cblr-2937	1314	11	,	,	PUNCT
cblr-2937	1314	12	at	at	ADP
cblr-2937	1314	13	63	63	NUM
cblr-2937	1314	14	-	-	SYM
cblr-2937	1314	15	67	67	NUM
cblr-2937	1314	16	.	.	PUNCT
cblr-2937	1315	1	manns	manns	PROPN
cblr-2937	1315	2	advocates	advocate	VERB
cblr-2937	1315	3	a	a	DET
cblr-2937	1315	4	system	system	NOUN
cblr-2937	1315	5	in	in	ADP
cblr-2937	1315	6	which	which	PRON
cblr-2937	1315	7	rating	rating	NOUN
cblr-2937	1315	8	agencies	agency	NOUN
cblr-2937	1315	9	would	would	AUX
cblr-2937	1315	10	be	be	AUX
cblr-2937	1315	11	subject	subject	ADJ
cblr-2937	1315	12	to	to	ADP
cblr-2937	1315	13	sec	sec	PROPN
cblr-2937	1315	14	-	-	PUNCT
cblr-2937	1315	15	administered	administer	VERB
cblr-2937	1315	16	sanctions	sanction	NOUN
cblr-2937	1315	17	for	for	ADP
cblr-2937	1315	18	negligence	negligence	NOUN
cblr-2937	1315	19	and	and	CCONJ
cblr-2937	1315	20	to	to	ADP
cblr-2937	1315	21	liability	liability	NOUN
cblr-2937	1315	22	for	for	ADP
cblr-2937	1315	23	gross	gross	ADJ
cblr-2937	1315	24	negligence	negligence	NOUN
cblr-2937	1315	25	but	but	CCONJ
cblr-2937	1315	26	does	do	AUX
cblr-2937	1315	27	not	not	PART
cblr-2937	1315	28	explain	explain	VERB
cblr-2937	1315	29	specifically	specifically	ADV
cblr-2937	1315	30	what	what	PRON
cblr-2937	1315	31	these	these	DET
cblr-2937	1315	32	standards	standard	NOUN
cblr-2937	1315	33	would	would	AUX
cblr-2937	1315	34	look	look	VERB
cblr-2937	1315	35	like	like	ADP
cblr-2937	1315	36	in	in	ADP
cblr-2937	1315	37	the	the	DET
cblr-2937	1315	38	ratingagency	ratingagency	NOUN
cblr-2937	1315	39	context	context	NOUN
cblr-2937	1315	40	.	.	PUNCT
cblr-2937	1316	1	given	give	VERB
cblr-2937	1316	2	that	that	SCONJ
cblr-2937	1316	3	the	the	DET
cblr-2937	1316	4	standards	standard	NOUN
cblr-2937	1316	5	are	be	AUX
cblr-2937	1316	6	not	not	PART
cblr-2937	1316	7	fleshed	flesh	VERB
cblr-2937	1316	8	out	out	ADP
cblr-2937	1316	9	,	,	PUNCT
cblr-2937	1316	10	it	it	PRON
cblr-2937	1316	11	is	be	AUX
cblr-2937	1316	12	unclear	unclear	ADJ
cblr-2937	1316	13	why	why	SCONJ
cblr-2937	1316	14	gross	gross	ADJ
cblr-2937	1316	15	negligence	negligence	NOUN
cblr-2937	1316	16	is	be	AUX
cblr-2937	1316	17	the	the	DET
cblr-2937	1316	18	right	right	ADJ
cblr-2937	1316	19	standard	standard	NOUN
cblr-2937	1316	20	for	for	ADP
cblr-2937	1316	21	liability	liability	NOUN
cblr-2937	1316	22	,	,	PUNCT
cblr-2937	1316	23	beyond	beyond	ADP
cblr-2937	1316	24	the	the	DET
cblr-2937	1316	25	fact	fact	NOUN
cblr-2937	1316	26	that	that	SCONJ
cblr-2937	1316	27	it	it	PRON
cblr-2937	1316	28	reduces	reduce	VERB
cblr-2937	1316	29	rating	rating	NOUN
cblr-2937	1316	30	-	-	PUNCT
cblr-2937	1316	31	agency	agency	NOUN
cblr-2937	1316	32	exposure	exposure	NOUN
cblr-2937	1316	33	.	.	PUNCT
cblr-2937	1317	1	277	277	NUM
cblr-2937	1317	2	see	see	VERB
cblr-2937	1317	3	,	,	PUNCT
cblr-2937	1317	4	e.g.	e.g.	ADV
cblr-2937	1317	5	,	,	PUNCT
cblr-2937	1317	6	miriam	miriam	PROPN
cblr-2937	1317	7	hechler	hechler	PROPN
cblr-2937	1317	8	baer	baer	PROPN
cblr-2937	1317	9	,	,	PUNCT
cblr-2937	1317	10	insuring	insure	VERB
cblr-2937	1317	11	corporate	corporate	ADJ
cblr-2937	1317	12	crime	crime	NOUN
cblr-2937	1317	13	,	,	PUNCT
cblr-2937	1317	14	83	83	NUM
cblr-2937	1317	15	ind	ind	NOUN
cblr-2937	1317	16	.	.	PUNCT
cblr-2937	1318	1	l.j	l.j	PROPN
cblr-2937	1318	2	.	.	PROPN
cblr-2937	1318	3	1035	1035	NUM
cblr-2937	1318	4	,	,	PUNCT
cblr-2937	1318	5	1050	1050	NUM
cblr-2937	1318	6	(	(	PUNCT
cblr-2937	1318	7	2008	2008	NUM
cblr-2937	1318	8	)	)	PUNCT
cblr-2937	1318	9	(	(	PUNCT
cblr-2937	1318	10	"	"	PUNCT
cblr-2937	1318	11	negligence	negligence	NOUN
cblr-2937	1318	12	fails	fail	VERB
cblr-2937	1318	13	to	to	PART
cblr-2937	1318	14	secure	secure	VERB
cblr-2937	1318	15	optimal	optimal	ADJ
cblr-2937	1318	16	activity	activity	NOUN
cblr-2937	1318	17	levels	level	NOUN
cblr-2937	1318	18	.	.	PUNCT
cblr-2937	1319	1	"	"	PUNCT
cblr-2937	1319	2	)	)	PUNCT
cblr-2937	1319	3	.	.	PUNCT
cblr-2937	1320	1	278	278	NUM
cblr-2937	1320	2	see	see	NOUN
cblr-2937	1320	3	restatement	restatement	NOUN
cblr-2937	1320	4	(	(	PUNCT
cblr-2937	1320	5	third	third	ADJ
cblr-2937	1320	6	)	)	PUNCT
cblr-2937	1320	7	of	of	ADP
cblr-2937	1320	8	torts	tort	NOUN
cblr-2937	1320	9	:	:	PUNCT
cblr-2937	1320	10	product	product	NOUN
cblr-2937	1320	11	liability	liability	NOUN
cblr-2937	1320	12	§	§	PROPN
cblr-2937	1320	13	19(a	19(a	NUM
cblr-2937	1320	14	)	)	PUNCT
cblr-2937	1320	15	(	(	PUNCT
cblr-2937	1320	16	1998	1998	NUM
cblr-2937	1320	17	)	)	PUNCT
cblr-2937	1320	18	(	(	PUNCT
cblr-2937	1320	19	"	"	PUNCT
cblr-2937	1320	20	a	a	DET
cblr-2937	1320	21	product	product	NOUN
cblr-2937	1320	22	is	be	AUX
cblr-2937	1320	23	tangible	tangible	ADJ
cblr-2937	1320	24	personal	personal	ADJ
cblr-2937	1320	25	property	property	NOUN
cblr-2937	1320	26	distributed	distribute	VERB
cblr-2937	1320	27	commercially	commercially	ADV
cblr-2937	1320	28	for	for	ADP
cblr-2937	1320	29	use	use	NOUN
cblr-2937	1320	30	of	of	ADP
cblr-2937	1320	31	consumption	consumption	NOUN
cblr-2937	1320	32	.	.	PUNCT
cblr-2937	1321	1	"	"	PUNCT
cblr-2937	1321	2	)	)	PUNCT
cblr-2937	1321	3	.	.	PUNCT
cblr-2937	1322	1	ratings	rating	NOUN
cblr-2937	1322	2	are	be	AUX
cblr-2937	1322	3	not	not	PART
cblr-2937	1322	4	"	"	PUNCT
cblr-2937	1322	5	tangible	tangible	ADJ
cblr-2937	1322	6	personal	personal	ADJ
cblr-2937	1322	7	property	property	NOUN
cblr-2937	1322	8	,	,	PUNCT
cblr-2937	1322	9	"	"	PUNCT
cblr-2937	1322	10	[	[	X
cblr-2937	1322	11	vol	vol	NOUN
cblr-2937	1322	12	.	.	PUNCT
cblr-2937	1323	1	2009columbdia	2009columbdia	NUM
cblr-2937	1323	2	business	business	NOUN
cblr-2937	1323	3	law	law	NOUN
cblr-2937	1323	4	review	review	NOUN
cblr-2937	1323	5	products	product	NOUN
cblr-2937	1323	6	liability	liability	NOUN
cblr-2937	1323	7	seems	seem	VERB
cblr-2937	1323	8	appropriate	appropriate	ADJ
cblr-2937	1323	9	:	:	PUNCT
cblr-2937	1323	10	"	"	PUNCT
cblr-2937	1323	11	even	even	ADV
cblr-2937	1323	12	if	if	SCONJ
cblr-2937	1323	13	there	there	PRON
cblr-2937	1323	14	is	be	VERB
cblr-2937	1323	15	no	no	DET
cblr-2937	1323	16	negligence	negligence	NOUN
cblr-2937	1323	17	..	..	PUNCT
cblr-2937	1323	18	,	,	PUNCT
cblr-2937	1323	19	public	public	ADJ
cblr-2937	1323	20	policy	policy	NOUN
cblr-2937	1323	21	demands	demand	NOUN
cblr-2937	1323	22	that	that	SCONJ
cblr-2937	1323	23	responsibility	responsibility	NOUN
cblr-2937	1323	24	be	be	AUX
cblr-2937	1323	25	fixed	fix	VERB
cblr-2937	1323	26	where	where	SCONJ
cblr-2937	1323	27	it	it	PRON
cblr-2937	1323	28	will	will	AUX
cblr-2937	1323	29	most	most	ADV
cblr-2937	1323	30	effectively	effectively	ADV
cblr-2937	1323	31	reduce	reduce	VERB
cblr-2937	1323	32	the	the	DET
cblr-2937	1323	33	hazards	hazard	NOUN
cblr-2937	1323	34	...	...	PUNCT
cblr-2937	1324	1	inherent	inherent	ADJ
cblr-2937	1324	2	in	in	ADP
cblr-2937	1324	3	defective	defective	ADJ
cblr-2937	1324	4	products	product	NOUN
cblr-2937	1324	5	that	that	PRON
cblr-2937	1324	6	reach	reach	VERB
cblr-2937	1324	7	the	the	DET
cblr-2937	1324	8	market	market	NOUN
cblr-2937	1324	9	"	"	PUNCT
cblr-2937	1324	10	and	and	CCONJ
cblr-2937	1324	11	that	that	SCONJ
cblr-2937	1324	12	"	"	PUNCT
cblr-2937	1324	13	the	the	DET
cblr-2937	1324	14	manufacturer	manufacturer	NOUN
cblr-2937	1324	15	can	can	AUX
cblr-2937	1324	16	anticipate	anticipate	VERB
cblr-2937	1324	17	some	some	DET
cblr-2937	1324	18	hazards	hazard	NOUN
cblr-2937	1324	19	and	and	CCONJ
cblr-2937	1324	20	guard	guard	VERB
cblr-2937	1324	21	against	against	ADP
cblr-2937	1324	22	the	the	DET
cblr-2937	1324	23	recurrence	recurrence	NOUN
cblr-2937	1324	24	of	of	ADP
cblr-2937	1324	25	others	other	NOUN
cblr-2937	1324	26	,	,	PUNCT
cblr-2937	1324	27	as	as	ADP
cblr-2937	1324	28	the	the	DET
cblr-2937	1324	29	public	public	ADJ
cblr-2937	1324	30	cannot	cannot	NOUN
cblr-2937	1324	31	.	.	PUNCT
cblr-2937	1324	32	"279	"279	PROPN
cblr-2937	1325	1	4	4	X
cblr-2937	1325	2	.	.	X
cblr-2937	1325	3	gatekeeper	gatekeeper	NOUN
cblr-2937	1325	4	liability	liability	NOUN
cblr-2937	1325	5	"	"	PUNCT
cblr-2937	1325	6	gatekeepers	gatekeeper	NOUN
cblr-2937	1325	7	"	"	PUNCT
cblr-2937	1325	8	generally	generally	ADV
cblr-2937	1325	9	are	be	AUX
cblr-2937	1325	10	parties	party	NOUN
cblr-2937	1325	11	other	other	ADJ
cblr-2937	1325	12	than	than	ADP
cblr-2937	1325	13	the	the	DET
cblr-2937	1325	14	issuer	issuer	NOUN
cblr-2937	1325	15	whose	whose	DET
cblr-2937	1325	16	cooperation	cooperation	NOUN
cblr-2937	1325	17	is	be	AUX
cblr-2937	1325	18	necessary	necessary	ADJ
cblr-2937	1325	19	for	for	SCONJ
cblr-2937	1325	20	securities	security	NOUN
cblr-2937	1325	21	to	to	PART
cblr-2937	1325	22	be	be	AUX
cblr-2937	1325	23	issued	issue	VERB
cblr-2937	1325	24	.	.	PUNCT
cblr-2937	1326	1	gatekeepers	gatekeeper	NOUN
cblr-2937	1326	2	may	may	AUX
cblr-2937	1326	3	include	include	VERB
cblr-2937	1326	4	underwriters	underwriter	NOUN
cblr-2937	1326	5	,	,	PUNCT
cblr-2937	1326	6	lawyers	lawyer	NOUN
cblr-2937	1326	7	,	,	PUNCT
cblr-2937	1326	8	and	and	CCONJ
cblr-2937	1326	9	accountants	accountant	NOUN
cblr-2937	1326	10	,	,	PUNCT
cblr-2937	1326	11	as	as	ADV
cblr-2937	1326	12	well	well	ADV
cblr-2937	1326	13	as	as	ADP
cblr-2937	1326	14	rating	rating	NOUN
cblr-2937	1326	15	agencies	agency	NOUN
cblr-2937	1326	16	.	.	PUNCT
cblr-2937	1327	1	gatekeeper	gatekeeper	NOUN
cblr-2937	1327	2	liability	liability	NOUN
cblr-2937	1327	3	refers	refer	VERB
cblr-2937	1327	4	to	to	ADP
cblr-2937	1327	5	the	the	DET
cblr-2937	1327	6	practice	practice	NOUN
cblr-2937	1327	7	of	of	ADP
cblr-2937	1327	8	holding	hold	VERB
cblr-2937	1327	9	gatekeepers	gatekeeper	NOUN
cblr-2937	1327	10	responsible	responsible	ADJ
cblr-2937	1327	11	for	for	ADP
cblr-2937	1327	12	issuer	issuer	ADJ
cblr-2937	1327	13	wrongdoing	wrongdoing	NOUN
cblr-2937	1327	14	of	of	ADP
cblr-2937	1327	15	some	some	DET
cblr-2937	1327	16	kind	kind	NOUN
cblr-2937	1327	17	,	,	PUNCT
cblr-2937	1327	18	and	and	CCONJ
cblr-2937	1327	19	scholars	scholar	NOUN
cblr-2937	1327	20	who	who	PRON
cblr-2937	1327	21	recognize	recognize	VERB
cblr-2937	1327	22	a	a	DET
cblr-2937	1327	23	role	role	NOUN
cblr-2937	1327	24	for	for	ADP
cblr-2937	1327	25	liability	liability	NOUN
cblr-2937	1327	26	or	or	CCONJ
cblr-2937	1327	27	other	other	ADJ
cblr-2937	1327	28	ex	ex	PRON
cblr-2937	1327	29	post	post	NOUN
cblr-2937	1327	30	remedies	remedy	NOUN
cblr-2937	1327	31	in	in	ADP
cblr-2937	1327	32	improving	improve	VERB
cblr-2937	1327	33	rating	rating	NOUN
cblr-2937	1327	34	-	-	PUNCT
cblr-2937	1327	35	agency	agency	NOUN
cblr-2937	1327	36	performance	performance	NOUN
cblr-2937	1327	37	tend	tend	VERB
cblr-2937	1327	38	to	to	PART
cblr-2937	1327	39	draw	draw	VERB
cblr-2937	1327	40	an	an	DET
cblr-2937	1327	41	analogy	analogy	NOUN
cblr-2937	1327	42	between	between	ADP
cblr-2937	1327	43	rating	rating	NOUN
cblr-2937	1327	44	agencies	agency	NOUN
cblr-2937	1327	45	and	and	CCONJ
cblr-2937	1327	46	other	other	ADJ
cblr-2937	1327	47	gatekeepers.280	gatekeepers.280	NOUN
cblr-2937	1327	48	but	but	CCONJ
cblr-2937	1327	49	the	the	DET
cblr-2937	1327	50	only	only	ADJ
cblr-2937	1327	51	reason	reason	NOUN
cblr-2937	1327	52	the	the	DET
cblr-2937	1327	53	restatement	restatement	NOUN
cblr-2937	1327	54	gives	give	VERB
cblr-2937	1327	55	for	for	ADP
cblr-2937	1327	56	limiting	limit	VERB
cblr-2937	1327	57	the	the	DET
cblr-2937	1327	58	definition	definition	NOUN
cblr-2937	1327	59	of	of	ADP
cblr-2937	1327	60	"	"	PUNCT
cblr-2937	1327	61	product	product	NOUN
cblr-2937	1327	62	"	"	PUNCT
cblr-2937	1327	63	this	this	DET
cblr-2937	1327	64	way	way	NOUN
cblr-2937	1327	65	is	be	AUX
cblr-2937	1327	66	that	that	SCONJ
cblr-2937	1327	67	including	include	VERB
cblr-2937	1327	68	information	information	NOUN
cblr-2937	1327	69	products	product	NOUN
cblr-2937	1327	70	would	would	AUX
cblr-2937	1327	71	raise	raise	VERB
cblr-2937	1327	72	first	first	ADJ
cblr-2937	1327	73	amendment	amendment	NOUN
cblr-2937	1327	74	concerns	concern	NOUN
cblr-2937	1327	75	.	.	PUNCT
cblr-2937	1328	1	see	see	VERB
cblr-2937	1328	2	i	i	PROPN
cblr-2937	1328	3	d.	d.	PROPN
cblr-2937	1328	4	cmt	cmt	PROPN
cblr-2937	1328	5	.	.	PUNCT
cblr-2937	1329	1	d.	d.	PROPN
cblr-2937	1329	2	such	such	ADJ
cblr-2937	1329	3	concerns	concern	NOUN
cblr-2937	1329	4	are	be	AUX
cblr-2937	1329	5	addressed	address	VERB
cblr-2937	1329	6	at	at	ADP
cblr-2937	1329	7	part	part	NOUN
cblr-2937	1329	8	v.b	v.b	PROPN
cblr-2937	1329	9	.	.	PROPN
cblr-2937	1329	10	supra	supra	PROPN
cblr-2937	1329	11	.	.	PUNCT
cblr-2937	1330	1	279	279	NUM
cblr-2937	1330	2	cf	cf	NOUN
cblr-2937	1330	3	escola	escola	PROPN
cblr-2937	1330	4	v.	v.	PROPN
cblr-2937	1330	5	coca	coca	PROPN
cblr-2937	1330	6	cola	cola	PROPN
cblr-2937	1330	7	bottling	bottling	PROPN
cblr-2937	1330	8	co.	co.	PROPN
cblr-2937	1330	9	,	,	PUNCT
cblr-2937	1330	10	24	24	NUM
cblr-2937	1330	11	cal	cal	NOUN
cblr-2937	1330	12	.	.	PUNCT
cblr-2937	1331	1	2d	2d	NUM
cblr-2937	1331	2	453	453	NUM
cblr-2937	1331	3	,	,	PUNCT
cblr-2937	1331	4	462	462	NUM
cblr-2937	1331	5	(	(	PUNCT
cblr-2937	1331	6	1944	1944	NUM
cblr-2937	1331	7	)	)	PUNCT
cblr-2937	1331	8	(	(	PUNCT
cblr-2937	1331	9	traynor	traynor	PROPN
cblr-2937	1331	10	,	,	PUNCT
cblr-2937	1331	11	j.	j.	PROPN
cblr-2937	1331	12	,	,	PUNCT
cblr-2937	1331	13	concurring	concur	VERB
cblr-2937	1331	14	)	)	PUNCT
cblr-2937	1331	15	(	(	PUNCT
cblr-2937	1331	16	"	"	PUNCT
cblr-2937	1331	17	even	even	ADV
cblr-2937	1331	18	if	if	SCONJ
cblr-2937	1331	19	there	there	PRON
cblr-2937	1331	20	is	be	VERB
cblr-2937	1331	21	no	no	DET
cblr-2937	1331	22	negligence	negligence	NOUN
cblr-2937	1331	23	,	,	PUNCT
cblr-2937	1331	24	however	however	ADV
cblr-2937	1331	25	,	,	PUNCT
cblr-2937	1331	26	public	public	ADJ
cblr-2937	1331	27	policy	policy	NOUN
cblr-2937	1331	28	demands	demand	VERB
cblr-2937	1331	29	that	that	SCONJ
cblr-2937	1331	30	responsibility	responsibility	NOUN
cblr-2937	1331	31	be	be	AUX
cblr-2937	1331	32	fixed	fix	VERB
cblr-2937	1331	33	where	where	SCONJ
cblr-2937	1331	34	it	it	PRON
cblr-2937	1331	35	will	will	AUX
cblr-2937	1331	36	most	most	ADV
cblr-2937	1331	37	effectively	effectively	ADV
cblr-2937	1331	38	reduce	reduce	VERB
cblr-2937	1331	39	the	the	DET
cblr-2937	1331	40	hazards	hazard	NOUN
cblr-2937	1331	41	to	to	ADP
cblr-2937	1331	42	life	life	NOUN
cblr-2937	1331	43	and	and	CCONJ
cblr-2937	1331	44	health	health	NOUN
cblr-2937	1331	45	inherent	inherent	ADJ
cblr-2937	1331	46	in	in	ADP
cblr-2937	1331	47	defective	defective	ADJ
cblr-2937	1331	48	products	product	NOUN
cblr-2937	1331	49	that	that	PRON
cblr-2937	1331	50	reach	reach	VERB
cblr-2937	1331	51	the	the	DET
cblr-2937	1331	52	market	market	NOUN
cblr-2937	1331	53	.	.	PUNCT
cblr-2937	1331	54	"	"	PUNCT
cblr-2937	1331	55	)	)	PUNCT
cblr-2937	1331	56	.	.	PUNCT
cblr-2937	1332	1	whether	whether	SCONJ
cblr-2937	1332	2	a	a	DET
cblr-2937	1332	3	strict	strict	ADJ
cblr-2937	1332	4	-	-	PUNCT
cblr-2937	1332	5	liability	liability	NOUN
cblr-2937	1332	6	regime	regime	NOUN
cblr-2937	1332	7	for	for	ADP
cblr-2937	1332	8	undisclosed	undisclosed	ADJ
cblr-2937	1332	9	lowrating	lowrating	NOUN
cblr-2937	1332	10	quality	quality	NOUN
cblr-2937	1332	11	will	will	AUX
cblr-2937	1332	12	inefficiently	inefficiently	ADV
cblr-2937	1332	13	deter	deter	VERB
cblr-2937	1332	14	rating	rating	NOUN
cblr-2937	1332	15	production	production	NOUN
cblr-2937	1332	16	depends	depend	VERB
cblr-2937	1332	17	on	on	ADP
cblr-2937	1332	18	how	how	SCONJ
cblr-2937	1332	19	good	good	ADJ
cblr-2937	1332	20	customers	customer	NOUN
cblr-2937	1332	21	are	be	AUX
cblr-2937	1332	22	at	at	ADP
cblr-2937	1332	23	asessing	asesse	VERB
cblr-2937	1332	24	quality	quality	NOUN
cblr-2937	1332	25	on	on	ADP
cblr-2937	1332	26	their	their	PRON
cblr-2937	1332	27	own	own	ADJ
cblr-2937	1332	28	.	.	PUNCT
cblr-2937	1333	1	just	just	ADV
cblr-2937	1333	2	how	how	SCONJ
cblr-2937	1333	3	bad	bad	ADJ
cblr-2937	1333	4	customers	customer	NOUN
cblr-2937	1333	5	have	have	VERB
cblr-2937	1333	6	to	to	PART
cblr-2937	1333	7	be	be	AUX
cblr-2937	1333	8	at	at	ADP
cblr-2937	1333	9	assessing	assess	VERB
cblr-2937	1333	10	rating	rating	NOUN
cblr-2937	1333	11	quality	quality	NOUN
cblr-2937	1333	12	for	for	ADP
cblr-2937	1333	13	the	the	DET
cblr-2937	1333	14	strict	strict	ADJ
cblr-2937	1333	15	-	-	PUNCT
cblr-2937	1333	16	liability	liability	NOUN
cblr-2937	1333	17	regime	regime	NOUN
cblr-2937	1333	18	to	to	PART
cblr-2937	1333	19	become	become	VERB
cblr-2937	1333	20	inefficient	inefficient	ADJ
cblr-2937	1333	21	depends	depend	VERB
cblr-2937	1333	22	on	on	ADP
cblr-2937	1333	23	how	how	SCONJ
cblr-2937	1333	24	good	good	ADJ
cblr-2937	1333	25	highor	highor	NOUN
cblr-2937	1333	26	low	low	ADJ
cblr-2937	1333	27	-	-	PUNCT
cblr-2937	1333	28	quality	quality	NOUN
cblr-2937	1333	29	ratings	rating	NOUN
cblr-2937	1333	30	are	be	AUX
cblr-2937	1333	31	relative	relative	ADJ
cblr-2937	1333	32	to	to	ADP
cblr-2937	1333	33	customers	customer	NOUN
cblr-2937	1333	34	'	'	PART
cblr-2937	1333	35	native	native	ADJ
cblr-2937	1333	36	ability	ability	NOUN
cblr-2937	1333	37	to	to	PART
cblr-2937	1333	38	assess	assess	VERB
cblr-2937	1333	39	credit	credit	NOUN
cblr-2937	1333	40	quality	quality	NOUN
cblr-2937	1333	41	.	.	PUNCT
cblr-2937	1334	1	280	280	NUM
cblr-2937	1334	2	see	see	VERB
cblr-2937	1334	3	manns	mann	NOUN
cblr-2937	1334	4	,	,	PUNCT
cblr-2937	1334	5	supra	supra	PROPN
cblr-2937	1334	6	note	note	NOUN
cblr-2937	1334	7	161	161	NUM
cblr-2937	1334	8	,	,	PUNCT
cblr-2937	1334	9	at	at	ADP
cblr-2937	1334	10	64	64	NUM
cblr-2937	1334	11	-	-	SYM
cblr-2937	1334	12	65	65	NUM
cblr-2937	1334	13	(	(	PUNCT
cblr-2937	1334	14	proposing	propose	VERB
cblr-2937	1334	15	that	that	SCONJ
cblr-2937	1334	16	liability	liability	NOUN
cblr-2937	1334	17	is	be	AUX
cblr-2937	1334	18	appropriate	appropriate	ADJ
cblr-2937	1334	19	where	where	SCONJ
cblr-2937	1334	20	"	"	PUNCT
cblr-2937	1334	21	rating	rating	NOUN
cblr-2937	1334	22	agencies	agency	NOUN
cblr-2937	1334	23	could	could	AUX
cblr-2937	1334	24	have	have	AUX
cblr-2937	1334	25	identified	identify	VERB
cblr-2937	1334	26	wrongdoing	wrongdoing	NOUN
cblr-2937	1334	27	"	"	PUNCT
cblr-2937	1334	28	)	)	PUNCT
cblr-2937	1334	29	,	,	PUNCT
cblr-2937	1334	30	i	i	PRON
cblr-2937	1334	31	d.	d.	VERB
cblr-2937	1334	32	at	at	ADP
cblr-2937	1334	33	7	7	NUM
cblr-2937	1334	34	-	-	SYM
cblr-2937	1334	35	15	15	NUM
cblr-2937	1334	36	;	;	PUNCT
cblr-2937	1334	37	partnoy	partnoy	ADJ
cblr-2937	1334	38	,	,	PUNCT
cblr-2937	1334	39	supra	supra	ADJ
cblr-2937	1334	40	note	note	NOUN
cblr-2937	1334	41	68	68	NUM
cblr-2937	1334	42	,	,	PUNCT
cblr-2937	1334	43	at	at	ADP
cblr-2937	1334	44	711	711	NUM
cblr-2937	1334	45	(	(	PUNCT
cblr-2937	1334	46	"	"	PUNCT
cblr-2937	1334	47	[	[	X
cblr-2937	1334	48	algencies	algencie	NOUN
cblr-2937	1334	49	should	should	AUX
cblr-2937	1334	50	not	not	PART
cblr-2937	1334	51	simultaneously	simultaneously	ADV
cblr-2937	1334	52	benefit	benefit	VERB
cblr-2937	1334	53	from	from	ADP
cblr-2937	1334	54	ratings	rating	NOUN
cblr-2937	1334	55	-	-	PUNCT
cblr-2937	1334	56	dependent	dependent	ADJ
cblr-2937	1334	57	regulation	regulation	NOUN
cblr-2937	1334	58	and	and	CCONJ
cblr-2937	1334	59	be	be	AUX
cblr-2937	1334	60	insulated	insulate	VERB
cblr-2937	1334	61	from	from	ADP
cblr-2937	1334	62	lawsuits	lawsuit	NOUN
cblr-2937	1334	63	alleging	allege	VERB
cblr-2937	1334	64	negligence	negligence	NOUN
cblr-2937	1334	65	or	or	CCONJ
cblr-2937	1334	66	misrepresentation	misrepresentation	NOUN
cblr-2937	1334	67	.	.	PUNCT
cblr-2937	1335	1	if	if	SCONJ
cblr-2937	1335	2	the	the	DET
cblr-2937	1335	3	agencies	agency	NOUN
cblr-2937	1335	4	truly	truly	ADV
cblr-2937	1335	5	are	be	AUX
cblr-2937	1335	6	private	private	ADJ
cblr-2937	1335	7	entities	entity	NOUN
cblr-2937	1335	8	surviving	survive	VERB
cblr-2937	1335	9	based	base	VERB
cblr-2937	1335	10	on	on	ADP
cblr-2937	1335	11	their	their	PRON
cblr-2937	1335	12	reputations	reputation	NOUN
cblr-2937	1335	13	,	,	PUNCT
cblr-2937	1335	14	they	they	PRON
cblr-2937	1335	15	should	should	AUX
cblr-2937	1335	16	be	be	AUX
cblr-2937	1335	17	susceptible	susceptible	ADJ
cblr-2937	1335	18	to	to	ADP
cblr-2937	1335	19	the	the	DET
cblr-2937	1335	20	same	same	ADJ
cblr-2937	1335	21	sorts	sort	NOUN
cblr-2937	1335	22	of	of	ADP
cblr-2937	1335	23	lawsuits	lawsuit	NOUN
cblr-2937	1335	24	any	any	DET
cblr-2937	1335	25	similarlysituated	similarlysituate	VERB
cblr-2937	1335	26	private	private	ADJ
cblr-2937	1335	27	entity	entity	NOUN
cblr-2937	1335	28	would	would	AUX
cblr-2937	1335	29	be	be	AUX
cblr-2937	1335	30	.	.	PUNCT
cblr-2937	1335	31	"	"	PUNCT
cblr-2937	1335	32	)	)	PUNCT
cblr-2937	1335	33	;	;	PUNCT
cblr-2937	1335	34	frank	frank	PROPN
cblr-2937	1335	35	partnoy	partnoy	PROPN
cblr-2937	1335	36	,	,	PUNCT
cblr-2937	1335	37	barbarians	barbarian	NOUN
cblr-2937	1335	38	at	at	ADP
cblr-2937	1335	39	the	the	DET
cblr-2937	1335	40	gatekeepers	gatekeeper	NOUN
cblr-2937	1335	41	?	?	PUNCT
cblr-2937	1335	42	:	:	PUNCT
cblr-2937	1335	43	a	a	DET
cblr-2937	1335	44	proposal	proposal	NOUN
cblr-2937	1335	45	for	for	ADP
cblr-2937	1335	46	a	a	DET
cblr-2937	1335	47	modified	modify	VERB
cblr-2937	1335	48	strict	strict	ADJ
cblr-2937	1335	49	liability	liability	NOUN
cblr-2937	1335	50	regime	regime	NOUN
cblr-2937	1335	51	,	,	PUNCT
cblr-2937	1335	52	79	79	NUM
cblr-2937	1335	53	wash	wash	NOUN
cblr-2937	1335	54	.	.	PUNCT
cblr-2937	1336	1	no	no	INTJ
cblr-2937	1336	2	.	.	PUNCT
cblr-2937	1337	1	1:1091	1:1091	NUM
cblr-2937	1337	2	credit	credit	NOUN
cblr-2937	1337	3	ra	ra	PROPN
cblr-2937	1337	4	ting	te	VERB
cblr-2937	1337	5	a	a	DET
cblr-2937	1337	6	gencies	gencie	NOUN
cblr-2937	1337	7	rating	rating	NOUN
cblr-2937	1337	8	agencies	agency	NOUN
cblr-2937	1337	9	argue	argue	VERB
cblr-2937	1337	10	that	that	SCONJ
cblr-2937	1337	11	they	they	PRON
cblr-2937	1337	12	should	should	AUX
cblr-2937	1337	13	not	not	PART
cblr-2937	1337	14	be	be	AUX
cblr-2937	1337	15	subject	subject	ADJ
cblr-2937	1337	16	to	to	ADP
cblr-2937	1337	17	gatekeeper	gatekeeper	NOUN
cblr-2937	1337	18	liability	liability	NOUN
cblr-2937	1337	19	and	and	CCONJ
cblr-2937	1337	20	attempt	attempt	VERB
cblr-2937	1337	21	to	to	PART
cblr-2937	1337	22	disclaim	disclaim	VERB
cblr-2937	1337	23	responsibility	responsibility	NOUN
cblr-2937	1337	24	for	for	ADP
cblr-2937	1337	25	the	the	DET
cblr-2937	1337	26	accuracy	accuracy	NOUN
cblr-2937	1337	27	of	of	ADP
cblr-2937	1337	28	the	the	DET
cblr-2937	1337	29	information	information	NOUN
cblr-2937	1337	30	underlying	underlie	VERB
cblr-2937	1337	31	their	their	PRON
cblr-2937	1337	32	ratings	rating	NOUN
cblr-2937	1337	33	.	.	PUNCT
cblr-2937	1338	1	they	they	PRON
cblr-2937	1338	2	say	say	VERB
cblr-2937	1338	3	they	they	PRON
cblr-2937	1338	4	do	do	AUX
cblr-2937	1338	5	not	not	PART
cblr-2937	1338	6	verify	verify	VERB
cblr-2937	1338	7	the	the	DET
cblr-2937	1338	8	information	information	NOUN
cblr-2937	1338	9	they	they	PRON
cblr-2937	1338	10	receive,281	receive,281	VERB
cblr-2937	1338	11	although	although	SCONJ
cblr-2937	1338	12	they	they	PRON
cblr-2937	1338	13	do	do	AUX
cblr-2937	1338	14	rely	rely	VERB
cblr-2937	1338	15	on	on	ADP
cblr-2937	1338	16	nonpublic	nonpublic	ADJ
cblr-2937	1338	17	information	information	NOUN
cblr-2937	1338	18	.	.	PUNCT
cblr-2937	1339	1	"2	"2	VERB
cblr-2937	1339	2	for	for	ADP
cblr-2937	1339	3	example	example	NOUN
cblr-2937	1339	4	,	,	PUNCT
cblr-2937	1339	5	fitch	fitch	PROPN
cblr-2937	1339	6	explains	explain	VERB
cblr-2937	1339	7	that	that	SCONJ
cblr-2937	1339	8	it	it	PRON
cblr-2937	1339	9	"	"	PUNCT
cblr-2937	1339	10	does	do	AUX
cblr-2937	1339	11	not	not	PART
cblr-2937	1339	12	audit	audit	VERB
cblr-2937	1339	13	or	or	CCONJ
cblr-2937	1339	14	verify	verify	VERB
cblr-2937	1339	15	...	...	PUNCT
cblr-2937	1339	16	or	or	CCONJ
cblr-2937	1339	17	...	...	PUNCT
cblr-2937	1339	18	perform	perform	VERB
cblr-2937	1339	19	any	any	DET
cblr-2937	1339	20	other	other	ADJ
cblr-2937	1339	21	kind	kind	NOUN
cblr-2937	1339	22	of	of	ADP
cblr-2937	1339	23	investigative	investigative	ADJ
cblr-2937	1339	24	diligence	diligence	NOUN
cblr-2937	1339	25	into	into	ADP
cblr-2937	1339	26	the	the	DET
cblr-2937	1339	27	accuracy	accuracy	NOUN
cblr-2937	1339	28	...	...	PUNCT
cblr-2937	1339	29	or	or	CCONJ
cblr-2937	1339	30	completeness	completeness	NOUN
cblr-2937	1339	31	"	"	PUNCT
cblr-2937	1339	32	of	of	ADP
cblr-2937	1339	33	the	the	DET
cblr-2937	1339	34	information	information	NOUN
cblr-2937	1339	35	it	it	PRON
cblr-2937	1339	36	receives.2"3	receives.2"3	VERB
cblr-2937	1339	37	the	the	DET
cblr-2937	1339	38	"	"	PUNCT
cblr-2937	1339	39	gatekeeper	gatekeeper	NOUN
cblr-2937	1339	40	"	"	PUNCT
cblr-2937	1339	41	concept	concept	NOUN
cblr-2937	1339	42	probably	probably	ADV
cblr-2937	1339	43	is	be	AUX
cblr-2937	1339	44	not	not	PART
cblr-2937	1339	45	the	the	DET
cblr-2937	1339	46	best	good	ADJ
cblr-2937	1339	47	framework	framework	NOUN
cblr-2937	1339	48	for	for	ADP
cblr-2937	1339	49	analyzing	analyze	VERB
cblr-2937	1339	50	rating	rating	NOUN
cblr-2937	1339	51	agencies	agency	NOUN
cblr-2937	1339	52	.	.	PUNCT
cblr-2937	1340	1	rating	rating	NOUN
cblr-2937	1340	2	agencies	agency	NOUN
cblr-2937	1340	3	need	need	AUX
cblr-2937	1340	4	not	not	PART
cblr-2937	1340	5	act	act	VERB
cblr-2937	1340	6	as	as	ADP
cblr-2937	1340	7	gatekeepers	gatekeeper	NOUN
cblr-2937	1340	8	,	,	PUNCT
cblr-2937	1340	9	although	although	SCONJ
cblr-2937	1340	10	they	they	PRON
cblr-2937	1340	11	probably	probably	ADV
cblr-2937	1340	12	have	have	AUX
cblr-2937	1340	13	done	do	VERB
cblr-2937	1340	14	so	so	ADV
cblr-2937	1340	15	in	in	ADP
cblr-2937	1340	16	the	the	DET
cblr-2937	1340	17	past	past	NOUN
cblr-2937	1340	18	,	,	PUNCT
cblr-2937	1340	19	and	and	CCONJ
cblr-2937	1340	20	the	the	DET
cblr-2937	1340	21	current	current	ADJ
cblr-2937	1340	22	effort	effort	NOUN
cblr-2937	1340	23	to	to	PART
cblr-2937	1340	24	reduce	reduce	VERB
cblr-2937	1340	25	ratingdependent	ratingdependent	NOUN
cblr-2937	1340	26	regulation	regulation	NOUN
cblr-2937	1340	27	seems	seem	VERB
cblr-2937	1340	28	intended	intend	VERB
cblr-2937	1340	29	to	to	PART
cblr-2937	1340	30	dislodge	dislodge	VERB
cblr-2937	1340	31	them	they	PRON
cblr-2937	1340	32	from	from	ADP
cblr-2937	1340	33	u.	u.	PROPN
cblr-2937	1340	34	l.q	l.q	PROPN
cblr-2937	1340	35	.	.	PROPN
cblr-2937	1340	36	491	491	NUM
cblr-2937	1340	37	,	,	PUNCT
cblr-2937	1340	38	492	492	NUM
cblr-2937	1340	39	(	(	PUNCT
cblr-2937	1340	40	2001	2001	NUM
cblr-2937	1340	41	)	)	PUNCT
cblr-2937	1340	42	(	(	PUNCT
cblr-2937	1340	43	proposing	propose	VERB
cblr-2937	1340	44	a	a	DET
cblr-2937	1340	45	"	"	PUNCT
cblr-2937	1340	46	modified	modify	VERB
cblr-2937	1340	47	strict	strict	ADJ
cblr-2937	1340	48	liability	liability	NOUN
cblr-2937	1340	49	regime	regime	NOUN
cblr-2937	1340	50	"	"	PUNCT
cblr-2937	1340	51	for	for	ADP
cblr-2937	1340	52	securities	security	NOUN
cblr-2937	1340	53	-	-	PUNCT
cblr-2937	1340	54	fraud	fraud	NOUN
cblr-2937	1340	55	gatekeepers	gatekeeper	NOUN
cblr-2937	1340	56	,	,	PUNCT
cblr-2937	1340	57	presumably	presumably	ADV
cblr-2937	1340	58	including	include	VERB
cblr-2937	1340	59	rating	rating	NOUN
cblr-2937	1340	60	agencies	agency	NOUN
cblr-2937	1340	61	,	,	PUNCT
cblr-2937	1340	62	under	under	ADP
cblr-2937	1340	63	which	which	PRON
cblr-2937	1340	64	gatekeepers	gatekeeper	NOUN
cblr-2937	1340	65	would	would	AUX
cblr-2937	1340	66	be	be	AUX
cblr-2937	1340	67	liable	liable	ADJ
cblr-2937	1340	68	for	for	ADP
cblr-2937	1340	69	a	a	DET
cblr-2937	1340	70	fraction	fraction	NOUN
cblr-2937	1340	71	of	of	ADP
cblr-2937	1340	72	the	the	DET
cblr-2937	1340	73	investor	investor	NOUN
cblr-2937	1340	74	losses	loss	NOUN
cblr-2937	1340	75	caused	cause	VERB
cblr-2937	1340	76	by	by	ADP
cblr-2937	1340	77	issuer	issuer	ADJ
cblr-2937	1340	78	misstatements	misstatement	NOUN
cblr-2937	1340	79	,	,	PUNCT
cblr-2937	1340	80	and	and	CCONJ
cblr-2937	1340	81	would	would	AUX
cblr-2937	1340	82	not	not	PART
cblr-2937	1340	83	enjoy	enjoy	VERB
cblr-2937	1340	84	any	any	DET
cblr-2937	1340	85	due	due	ADJ
cblr-2937	1340	86	diligence	diligence	NOUN
cblr-2937	1340	87	defense	defense	NOUN
cblr-2937	1340	88	,	,	PUNCT
cblr-2937	1340	89	but	but	CCONJ
cblr-2937	1340	90	under	under	ADP
cblr-2937	1340	91	which	which	PRON
cblr-2937	1340	92	the	the	DET
cblr-2937	1340	93	fraction	fraction	NOUN
cblr-2937	1340	94	of	of	ADP
cblr-2937	1340	95	losses	loss	NOUN
cblr-2937	1340	96	for	for	ADP
cblr-2937	1340	97	which	which	PRON
cblr-2937	1340	98	the	the	DET
cblr-2937	1340	99	gatekeeper	gatekeeper	NOUN
cblr-2937	1340	100	would	would	AUX
cblr-2937	1340	101	be	be	AUX
cblr-2937	1340	102	responsible	responsible	ADJ
cblr-2937	1340	103	would	would	AUX
cblr-2937	1340	104	be	be	AUX
cblr-2937	1340	105	set	set	VERB
cblr-2937	1340	106	by	by	ADP
cblr-2937	1340	107	agreement	agreement	NOUN
cblr-2937	1340	108	at	at	ADP
cblr-2937	1340	109	the	the	DET
cblr-2937	1340	110	time	time	NOUN
cblr-2937	1340	111	of	of	ADP
cblr-2937	1340	112	issuance	issuance	NOUN
cblr-2937	1340	113	,	,	PUNCT
cblr-2937	1340	114	subject	subject	ADJ
cblr-2937	1340	115	to	to	ADP
cblr-2937	1340	116	a	a	DET
cblr-2937	1340	117	statutory	statutory	ADJ
cblr-2937	1340	118	minimum	minimum	NOUN
cblr-2937	1340	119	)	)	PUNCT
cblr-2937	1340	120	;	;	PUNCT
cblr-2937	1340	121	coffee	coffee	NOUN
cblr-2937	1340	122	,	,	PUNCT
cblr-2937	1340	123	supra	supra	PROPN
cblr-2937	1340	124	note	note	NOUN
cblr-2937	1340	125	231	231	NUM
cblr-2937	1340	126	(	(	PUNCT
cblr-2937	1340	127	proposing	propose	VERB
cblr-2937	1340	128	that	that	SCONJ
cblr-2937	1340	129	gatekeepers	gatekeeper	NOUN
cblr-2937	1340	130	,	,	PUNCT
cblr-2937	1340	131	including	include	VERB
cblr-2937	1340	132	rating	rating	NOUN
cblr-2937	1340	133	agencies	agency	NOUN
cblr-2937	1340	134	,	,	PUNCT
cblr-2937	1340	135	be	be	AUX
cblr-2937	1340	136	subject	subject	ADJ
cblr-2937	1340	137	to	to	ADP
cblr-2937	1340	138	strict	strict	ADJ
cblr-2937	1340	139	liability	liability	NOUN
cblr-2937	1340	140	for	for	ADP
cblr-2937	1340	141	material	material	NOUN
cblr-2937	1340	142	omissions	omission	NOUN
cblr-2937	1340	143	and	and	CCONJ
cblr-2937	1340	144	misrepresentations	misrepresentation	NOUN
cblr-2937	1340	145	that	that	PRON
cblr-2937	1340	146	cause	cause	VERB
cblr-2937	1340	147	investor	investor	NOUN
cblr-2937	1340	148	loss	loss	NOUN
cblr-2937	1340	149	,	,	PUNCT
cblr-2937	1340	150	subject	subject	ADJ
cblr-2937	1340	151	to	to	ADP
cblr-2937	1340	152	a	a	DET
cblr-2937	1340	153	statutory	statutory	ADJ
cblr-2937	1340	154	cap	cap	NOUN
cblr-2937	1340	155	equal	equal	ADJ
cblr-2937	1340	156	to	to	ADP
cblr-2937	1340	157	"	"	PUNCT
cblr-2937	1340	158	some	some	DET
cblr-2937	1340	159	adequate	adequate	ADJ
cblr-2937	1340	160	multiple	multiple	NOUN
cblr-2937	1340	161	of	of	ADP
cblr-2937	1340	162	the	the	DET
cblr-2937	1340	163	highest	high	ADJ
cblr-2937	1340	164	annual	annual	ADJ
cblr-2937	1340	165	revenues	revenue	NOUN
cblr-2937	1340	166	received	receive	VERB
cblr-2937	1340	167	by	by	ADP
cblr-2937	1340	168	the	the	DET
cblr-2937	1340	169	gatekeeper	gatekeeper	NOUN
cblr-2937	1340	170	from	from	ADP
cblr-2937	1340	171	its	its	PRON
cblr-2937	1340	172	client	client	NOUN
cblr-2937	1340	173	over	over	ADP
cblr-2937	1340	174	the	the	DET
cblr-2937	1340	175	last	last	ADJ
cblr-2937	1340	176	several	several	ADJ
cblr-2937	1340	177	years	year	NOUN
cblr-2937	1340	178	"	"	PUNCT
cblr-2937	1340	179	)	)	PUNCT
cblr-2937	1340	180	;	;	PUNCT
cblr-2937	1340	181	coffee	coffee	NOUN
cblr-2937	1340	182	,	,	PUNCT
cblr-2937	1340	183	supra	supra	PROPN
cblr-2937	1340	184	note	note	PROPN
cblr-2937	1340	185	80	80	NUM
cblr-2937	1340	186	,	,	PUNCT
cblr-2937	1340	187	at	at	ADP
cblr-2937	1340	188	303	303	NUM
cblr-2937	1340	189	-	-	SYM
cblr-2937	1340	190	04	04	NUM
cblr-2937	1340	191	(	(	PUNCT
cblr-2937	1340	192	expressing	express	VERB
cblr-2937	1340	193	qualified	qualified	ADJ
cblr-2937	1340	194	support	support	NOUN
cblr-2937	1340	195	for	for	ADP
cblr-2937	1340	196	expanding	expand	VERB
cblr-2937	1340	197	rating	rating	NOUN
cblr-2937	1340	198	agency	agency	NOUN
cblr-2937	1340	199	liability	liability	NOUN
cblr-2937	1340	200	under	under	ADP
cblr-2937	1340	201	rule	rule	NOUN
cblr-2937	1340	202	10b-5	10b-5	NUM
cblr-2937	1340	203	(	(	PUNCT
cblr-2937	1340	204	in	in	ADP
cblr-2937	1340	205	particular	particular	ADJ
cblr-2937	1340	206	sec	sec	PROPN
cblr-2937	1340	207	-	-	PUNCT
cblr-2937	1340	208	specified	specify	VERB
cblr-2937	1340	209	procedures	procedure	NOUN
cblr-2937	1340	210	that	that	PRON
cblr-2937	1340	211	would	would	AUX
cblr-2937	1340	212	serve	serve	VERB
cblr-2937	1340	213	as	as	ADP
cblr-2937	1340	214	a	a	DET
cblr-2937	1340	215	safe	safe	ADJ
cblr-2937	1340	216	harbor	harbor	NOUN
cblr-2937	1340	217	and	and	CCONJ
cblr-2937	1340	218	could	could	AUX
cblr-2937	1340	219	also	also	ADV
cblr-2937	1340	220	provide	provide	VERB
cblr-2937	1340	221	a	a	DET
cblr-2937	1340	222	standard	standard	NOUN
cblr-2937	1340	223	for	for	ADP
cblr-2937	1340	224	recklessness	recklessness	NOUN
cblr-2937	1340	225	)	)	PUNCT
cblr-2937	1340	226	,	,	PUNCT
cblr-2937	1340	227	but	but	CCONJ
cblr-2937	1340	228	emphasizing	emphasize	VERB
cblr-2937	1340	229	the	the	DET
cblr-2937	1340	230	importance	importance	NOUN
cblr-2937	1340	231	of	of	ADP
cblr-2937	1340	232	making	make	VERB
cblr-2937	1340	233	it	it	PRON
cblr-2937	1340	234	easier	easy	ADJ
cblr-2937	1340	235	for	for	SCONJ
cblr-2937	1340	236	rating	rating	NOUN
cblr-2937	1340	237	agencies	agency	NOUN
cblr-2937	1340	238	to	to	PART
cblr-2937	1340	239	become	become	VERB
cblr-2937	1340	240	nrsros	nrsro	NOUN
cblr-2937	1340	241	)	)	PUNCT
cblr-2937	1340	242	.	.	PUNCT
cblr-2937	1341	1	but	but	CCONJ
cblr-2937	1341	2	see	see	VERB
cblr-2937	1341	3	bottini	bottini	NOUN
cblr-2937	1341	4	,	,	PUNCT
cblr-2937	1341	5	supra	supra	PROPN
cblr-2937	1341	6	note	note	NOUN
cblr-2937	1341	7	256	256	NUM
cblr-2937	1341	8	,	,	PUNCT
cblr-2937	1341	9	at	at	ADP
cblr-2937	1341	10	584	584	NUM
cblr-2937	1341	11	,	,	PUNCT
cblr-2937	1341	12	609	609	NUM
cblr-2937	1341	13	(	(	PUNCT
cblr-2937	1341	14	finding	find	VERB
cblr-2937	1341	15	that	that	SCONJ
cblr-2937	1341	16	"	"	PUNCT
cblr-2937	1341	17	the	the	DET
cblr-2937	1341	18	market	market	NOUN
cblr-2937	1341	19	is	be	AUX
cblr-2937	1341	20	not	not	PART
cblr-2937	1341	21	effectively	effectively	ADV
cblr-2937	1341	22	ensuring	ensure	VERB
cblr-2937	1341	23	a	a	DET
cblr-2937	1341	24	proper	proper	ADJ
cblr-2937	1341	25	standard	standard	NOUN
cblr-2937	1341	26	of	of	ADP
cblr-2937	1341	27	care	care	NOUN
cblr-2937	1341	28	among	among	ADP
cblr-2937	1341	29	the	the	DET
cblr-2937	1341	30	rating	rating	NOUN
cblr-2937	1341	31	agencies	agency	NOUN
cblr-2937	1341	32	"	"	PUNCT
cblr-2937	1341	33	but	but	CCONJ
cblr-2937	1341	34	that	that	SCONJ
cblr-2937	1341	35	personal	personal	ADJ
cblr-2937	1341	36	cause	cause	NOUN
cblr-2937	1341	37	of	of	ADP
cblr-2937	1341	38	action	action	NOUN
cblr-2937	1341	39	against	against	ADP
cblr-2937	1341	40	rating	rating	NOUN
cblr-2937	1341	41	agencies	agency	NOUN
cblr-2937	1341	42	for	for	ADP
cblr-2937	1341	43	negligence	negligence	NOUN
cblr-2937	1341	44	"	"	PUNCT
cblr-2937	1341	45	should	should	AUX
cblr-2937	1341	46	be	be	AUX
cblr-2937	1341	47	rejected	reject	VERB
cblr-2937	1341	48	"	"	PUNCT
cblr-2937	1341	49	)	)	PUNCT
cblr-2937	1341	50	.	.	PUNCT
cblr-2937	1342	1	281	281	NUM
cblr-2937	1342	2	iosco	iosco	PROPN
cblr-2937	1342	3	cra	cra	PROPN
cblr-2937	1342	4	report	report	PROPN
cblr-2937	1342	5	,	,	PUNCT
cblr-2937	1342	6	supra	supra	PROPN
cblr-2937	1342	7	note	note	PROPN
cblr-2937	1342	8	36	36	NUM
cblr-2937	1342	9	,	,	PUNCT
cblr-2937	1342	10	at	at	ADP
cblr-2937	1342	11	3	3	NUM
cblr-2937	1342	12	-	-	SYM
cblr-2937	1342	13	4	4	NUM
cblr-2937	1342	14	(	(	PUNCT
cblr-2937	1342	15	criticizing	criticize	VERB
cblr-2937	1342	16	originators	originator	NOUN
cblr-2937	1342	17	for	for	ADP
cblr-2937	1342	18	lax	lax	ADJ
cblr-2937	1342	19	underwriting	underwriting	NOUN
cblr-2937	1342	20	standards	standard	NOUN
cblr-2937	1342	21	and	and	CCONJ
cblr-2937	1342	22	potentially	potentially	ADV
cblr-2937	1342	23	misleading	misleading	ADJ
cblr-2937	1342	24	rating	rating	NOUN
cblr-2937	1342	25	agencies	agency	NOUN
cblr-2937	1342	26	and	and	CCONJ
cblr-2937	1342	27	noting	note	VERB
cblr-2937	1342	28	that	that	SCONJ
cblr-2937	1342	29	agencies	agency	NOUN
cblr-2937	1342	30	do	do	AUX
cblr-2937	1342	31	not	not	PART
cblr-2937	1342	32	verify	verify	VERB
cblr-2937	1342	33	accuracy	accuracy	NOUN
cblr-2937	1342	34	of	of	ADP
cblr-2937	1342	35	underlying	underlie	VERB
cblr-2937	1342	36	information	information	NOUN
cblr-2937	1342	37	)	)	PUNCT
cblr-2937	1342	38	.	.	PUNCT
cblr-2937	1343	1	282	282	NUM
cblr-2937	1343	2	iosco	iosco	PROPN
cblr-2937	1343	3	cra	cra	PROPN
cblr-2937	1343	4	report	report	PROPN
cblr-2937	1343	5	,	,	PUNCT
cblr-2937	1343	6	supra	supra	PROPN
cblr-2937	1343	7	note	note	PROPN
cblr-2937	1343	8	36	36	NUM
cblr-2937	1343	9	,	,	PUNCT
cblr-2937	1343	10	at	at	ADP
cblr-2937	1343	11	3	3	NUM
cblr-2937	1343	12	.	.	SYM
cblr-2937	1343	13	28	28	NUM
cblr-2937	1343	14	fitch	fitch	NOUN
cblr-2937	1343	15	ratings	rating	NOUN
cblr-2937	1343	16	,	,	PUNCT
cblr-2937	1343	17	supra	supra	PROPN
cblr-2937	1343	18	note	note	PROPN
cblr-2937	1343	19	164	164	NUM
cblr-2937	1343	20	,	,	PUNCT
cblr-2937	1343	21	at	at	ADP
cblr-2937	1343	22	10	10	NUM
cblr-2937	1343	23	;	;	PUNCT
cblr-2937	1343	24	see	see	VERB
cblr-2937	1343	25	also	also	ADV
cblr-2937	1343	26	i	i	PROPN
cblr-2937	1343	27	d.	d.	PROPN
cblr-2937	1343	28	at	at	ADP
cblr-2937	1343	29	9	9	NUM
cblr-2937	1343	30	(	(	PUNCT
cblr-2937	1343	31	"	"	PUNCT
cblr-2937	1343	32	[	[	X
cblr-2937	1343	33	a]nalysis	a]nalysis	NOUN
cblr-2937	1343	34	of	of	ADP
cblr-2937	1343	35	the	the	DET
cblr-2937	1343	36	legal	legal	ADJ
cblr-2937	1343	37	regime	regime	NOUN
cblr-2937	1343	38	is	be	AUX
cblr-2937	1343	39	based	base	VERB
cblr-2937	1343	40	on	on	ADP
cblr-2937	1343	41	the	the	DET
cblr-2937	1343	42	opinions	opinion	NOUN
cblr-2937	1343	43	and	and	CCONJ
cblr-2937	1343	44	advice	advice	NOUN
cblr-2937	1343	45	provided	provide	VERB
cblr-2937	1343	46	by	by	ADP
cblr-2937	1343	47	transaction	transaction	NOUN
cblr-2937	1343	48	counsel	counsel	NOUN
cblr-2937	1343	49	.	.	PUNCT
cblr-2937	1343	50	"	"	PUNCT
cblr-2937	1343	51	)	)	PUNCT
cblr-2937	1343	52	.	.	PUNCT
cblr-2937	1344	1	[	[	X
cblr-2937	1344	2	vol	vol	NOUN
cblr-2937	1344	3	.	.	PUNCT
cblr-2937	1345	1	2009col	2009col	NUM
cblr-2937	1345	2	umbia	umbia	NOUN
cblr-2937	1345	3	b	b	PROPN
cblr-2937	1345	4	usiness	usiness	PROPN
cblr-2937	1345	5	la	la	PROPN
cblr-2937	1345	6	w	w	PROPN
cblr-2937	1345	7	re	re	PROPN
cblr-2937	1345	8	vie	vie	PROPN
cblr-2937	1345	9	w	w	PROPN
cblr-2937	1345	10	this	this	DET
cblr-2937	1345	11	role.2"4	role.2"4	NOUN
cblr-2937	1345	12	sophisticated	sophisticated	ADJ
cblr-2937	1345	13	investors	investor	NOUN
cblr-2937	1345	14	might	might	AUX
cblr-2937	1345	15	have	have	VERB
cblr-2937	1345	16	no	no	DET
cblr-2937	1345	17	need	need	NOUN
cblr-2937	1345	18	for	for	ADP
cblr-2937	1345	19	rating	rating	NOUN
cblr-2937	1345	20	-	-	PUNCT
cblr-2937	1345	21	agency	agency	NOUN
cblr-2937	1345	22	analysis	analysis	NOUN
cblr-2937	1345	23	and	and	CCONJ
cblr-2937	1345	24	products	product	NOUN
cblr-2937	1345	25	could	could	AUX
cblr-2937	1345	26	be	be	AUX
cblr-2937	1345	27	sold	sell	VERB
cblr-2937	1345	28	successfully	successfully	ADV
cblr-2937	1345	29	to	to	ADP
cblr-2937	1345	30	these	these	DET
cblr-2937	1345	31	investors	investor	NOUN
cblr-2937	1345	32	without	without	ADP
cblr-2937	1345	33	ratings	rating	NOUN
cblr-2937	1345	34	.	.	PUNCT
cblr-2937	1346	1	indeed	indeed	ADV
cblr-2937	1346	2	,	,	PUNCT
cblr-2937	1346	3	some	some	DET
cblr-2937	1346	4	specialized	specialized	ADJ
cblr-2937	1346	5	structured	structured	ADJ
cblr-2937	1346	6	products	product	NOUN
cblr-2937	1346	7	are	be	AUX
cblr-2937	1346	8	issued	issue	VERB
cblr-2937	1346	9	without	without	ADP
cblr-2937	1346	10	ratings	rating	NOUN
cblr-2937	1346	11	.	.	PUNCT
cblr-2937	1347	1	"	"	PUNCT
cblr-2937	1347	2	'	'	PUNCT
cblr-2937	1347	3	moreover	moreover	ADV
cblr-2937	1347	4	,	,	PUNCT
cblr-2937	1347	5	under	under	ADP
cblr-2937	1347	6	the	the	DET
cblr-2937	1347	7	standard	standard	ADJ
cblr-2937	1347	8	account	account	NOUN
cblr-2937	1347	9	,	,	PUNCT
cblr-2937	1347	10	rating	rating	NOUN
cblr-2937	1347	11	agencies	agency	NOUN
cblr-2937	1347	12	add	add	VERB
cblr-2937	1347	13	value	value	NOUN
cblr-2937	1347	14	by	by	ADP
cblr-2937	1347	15	furnishing	furnish	VERB
cblr-2937	1347	16	opinions	opinion	NOUN
cblr-2937	1347	17	of	of	ADP
cblr-2937	1347	18	creditworthiness	creditworthiness	NOUN
cblr-2937	1347	19	,	,	PUNCT
cblr-2937	1347	20	not	not	PART
cblr-2937	1347	21	just	just	ADV
cblr-2937	1347	22	by	by	ADP
cblr-2937	1347	23	ferreting	ferret	VERB
cblr-2937	1347	24	out	out	ADP
cblr-2937	1347	25	misstatements	misstatement	NOUN
cblr-2937	1347	26	or	or	CCONJ
cblr-2937	1347	27	other	other	ADJ
cblr-2937	1347	28	forms	form	NOUN
cblr-2937	1347	29	of	of	ADP
cblr-2937	1347	30	issuer	issuer	NOUN
cblr-2937	1347	31	"	"	PUNCT
cblr-2937	1347	32	wrongdoing	wrongdoing	NOUN
cblr-2937	1347	33	.	.	PUNCT
cblr-2937	1347	34	"	"	PUNCT
cblr-2937	1348	1	agency	agency	NOUN
cblr-2937	1348	2	ratings	rating	NOUN
cblr-2937	1348	3	can	can	AUX
cblr-2937	1348	4	be	be	AUX
cblr-2937	1348	5	of	of	ADP
cblr-2937	1348	6	poor	poor	ADJ
cblr-2937	1348	7	quality	quality	NOUN
cblr-2937	1348	8	even	even	ADV
cblr-2937	1348	9	if	if	SCONJ
cblr-2937	1348	10	they	they	PRON
cblr-2937	1348	11	rely	rely	VERB
cblr-2937	1348	12	on	on	ADP
cblr-2937	1348	13	accurate	accurate	ADJ
cblr-2937	1348	14	information	information	NOUN
cblr-2937	1348	15	.	.	PUNCT
cblr-2937	1349	1	if	if	SCONJ
cblr-2937	1349	2	a	a	DET
cblr-2937	1349	3	flawed	flawed	ADJ
cblr-2937	1349	4	model	model	NOUN
cblr-2937	1349	5	states	state	VERB
cblr-2937	1349	6	that	that	SCONJ
cblr-2937	1349	7	a	a	DET
cblr-2937	1349	8	certain	certain	ADJ
cblr-2937	1349	9	amount	amount	NOUN
cblr-2937	1349	10	of	of	ADP
cblr-2937	1349	11	subordination	subordination	NOUN
cblr-2937	1349	12	is	be	AUX
cblr-2937	1349	13	needed	need	VERB
cblr-2937	1349	14	for	for	SCONJ
cblr-2937	1349	15	a	a	DET
cblr-2937	1349	16	tranche	tranche	NOUN
cblr-2937	1349	17	to	to	PART
cblr-2937	1349	18	receive	receive	VERB
cblr-2937	1349	19	a	a	DET
cblr-2937	1349	20	aaa	aaa	NOUN
cblr-2937	1349	21	rating	rating	NOUN
cblr-2937	1349	22	and	and	CCONJ
cblr-2937	1349	23	the	the	DET
cblr-2937	1349	24	arranger	arranger	NOUN
cblr-2937	1349	25	provides	provide	VERB
cblr-2937	1349	26	that	that	DET
cblr-2937	1349	27	amount	amount	NOUN
cblr-2937	1349	28	of	of	ADP
cblr-2937	1349	29	subordination	subordination	NOUN
cblr-2937	1349	30	in	in	ADP
cblr-2937	1349	31	a	a	DET
cblr-2937	1349	32	structured	structured	ADJ
cblr-2937	1349	33	product	product	NOUN
cblr-2937	1349	34	,	,	PUNCT
cblr-2937	1349	35	the	the	DET
cblr-2937	1349	36	rating	rating	NOUN
cblr-2937	1349	37	can	can	AUX
cblr-2937	1349	38	be	be	AUX
cblr-2937	1349	39	of	of	ADP
cblr-2937	1349	40	low	low	ADJ
cblr-2937	1349	41	quality	quality	NOUN
cblr-2937	1349	42	even	even	ADV
cblr-2937	1349	43	if	if	SCONJ
cblr-2937	1349	44	no	no	DET
cblr-2937	1349	45	one	one	NOUN
cblr-2937	1349	46	has	have	AUX
cblr-2937	1349	47	done	do	VERB
cblr-2937	1349	48	anything	anything	PRON
cblr-2937	1349	49	wrong	wrong	ADJ
cblr-2937	1349	50	.	.	PUNCT
cblr-2937	1350	1	conversely	conversely	ADV
cblr-2937	1350	2	,	,	PUNCT
cblr-2937	1350	3	agencies	agency	NOUN
cblr-2937	1350	4	can	can	AUX
cblr-2937	1350	5	produce	produce	VERB
cblr-2937	1350	6	high	high	ADJ
cblr-2937	1350	7	-	-	PUNCT
cblr-2937	1350	8	quality	quality	NOUN
cblr-2937	1350	9	ratings	rating	NOUN
cblr-2937	1350	10	even	even	ADV
cblr-2937	1350	11	if	if	SCONJ
cblr-2937	1350	12	they	they	PRON
cblr-2937	1350	13	rely	rely	VERB
cblr-2937	1350	14	on	on	ADP
cblr-2937	1350	15	information	information	NOUN
cblr-2937	1350	16	that	that	PRON
cblr-2937	1350	17	has	have	VERB
cblr-2937	1350	18	some	some	DET
cblr-2937	1350	19	degree	degree	NOUN
cblr-2937	1350	20	of	of	ADP
cblr-2937	1350	21	inaccuracy	inaccuracy	NOUN
cblr-2937	1350	22	.	.	PUNCT
cblr-2937	1351	1	if	if	SCONJ
cblr-2937	1351	2	one	one	NUM
cblr-2937	1351	3	mortgage	mortgage	NOUN
cblr-2937	1351	4	out	out	ADP
cblr-2937	1351	5	of	of	ADP
cblr-2937	1351	6	10,000	10,000	NUM
cblr-2937	1351	7	in	in	ADP
cblr-2937	1351	8	a	a	DET
cblr-2937	1351	9	pool	pool	NOUN
cblr-2937	1351	10	is	be	AUX
cblr-2937	1351	11	based	base	VERB
cblr-2937	1351	12	on	on	ADP
cblr-2937	1351	13	the	the	DET
cblr-2937	1351	14	borrower	borrower	NOUN
cblr-2937	1351	15	's	's	PART
cblr-2937	1351	16	lies	lie	NOUN
cblr-2937	1351	17	about	about	ADP
cblr-2937	1351	18	his	his	PRON
cblr-2937	1351	19	or	or	CCONJ
cblr-2937	1351	20	her	her	PRON
cblr-2937	1351	21	income	income	NOUN
cblr-2937	1351	22	,	,	PUNCT
cblr-2937	1351	23	the	the	DET
cblr-2937	1351	24	rating	rating	NOUN
cblr-2937	1351	25	may	may	AUX
cblr-2937	1351	26	be	be	AUX
cblr-2937	1351	27	of	of	ADP
cblr-2937	1351	28	good	good	ADJ
cblr-2937	1351	29	quality	quality	NOUN
cblr-2937	1351	30	as	as	ADV
cblr-2937	1351	31	long	long	ADV
cblr-2937	1351	32	as	as	SCONJ
cblr-2937	1351	33	the	the	DET
cblr-2937	1351	34	model	model	NOUN
cblr-2937	1351	35	is	be	AUX
cblr-2937	1351	36	good	good	ADJ
cblr-2937	1351	37	.	.	PUNCT
cblr-2937	1352	1	holding	hold	VERB
cblr-2937	1352	2	agencies	agency	NOUN
cblr-2937	1352	3	responsible	responsible	ADJ
cblr-2937	1352	4	for	for	ADP
cblr-2937	1352	5	the	the	DET
cblr-2937	1352	6	quality	quality	NOUN
cblr-2937	1352	7	of	of	ADP
cblr-2937	1352	8	their	their	PRON
cblr-2937	1352	9	ratings	rating	NOUN
cblr-2937	1352	10	directly	directly	ADV
cblr-2937	1352	11	gives	give	VERB
cblr-2937	1352	12	them	they	PRON
cblr-2937	1352	13	the	the	DET
cblr-2937	1352	14	proper	proper	ADJ
cblr-2937	1352	15	incentives	incentive	NOUN
cblr-2937	1352	16	to	to	PART
cblr-2937	1352	17	monitor	monitor	VERB
cblr-2937	1352	18	the	the	DET
cblr-2937	1352	19	quality	quality	NOUN
cblr-2937	1352	20	of	of	ADP
cblr-2937	1352	21	the	the	DET
cblr-2937	1352	22	information	information	NOUN
cblr-2937	1352	23	on	on	ADP
cblr-2937	1352	24	which	which	PRON
cblr-2937	1352	25	they	they	PRON
cblr-2937	1352	26	rely	rely	VERB
cblr-2937	1352	27	.	.	PUNCT
cblr-2937	1353	1	focusing	focus	VERB
cblr-2937	1353	2	on	on	ADP
cblr-2937	1353	3	issuer	issuer	ADJ
cblr-2937	1353	4	misstatements	misstatement	NOUN
cblr-2937	1353	5	instead	instead	ADV
cblr-2937	1353	6	of	of	ADP
cblr-2937	1353	7	overall	overall	ADJ
cblr-2937	1353	8	quality	quality	NOUN
cblr-2937	1353	9	puts	put	VERB
cblr-2937	1353	10	too	too	ADV
cblr-2937	1353	11	much	much	ADJ
cblr-2937	1353	12	emphasis	emphasis	NOUN
cblr-2937	1353	13	on	on	ADP
cblr-2937	1353	14	monitoring	monitor	VERB
cblr-2937	1353	15	underlying	underlie	VERB
cblr-2937	1353	16	data	datum	NOUN
cblr-2937	1353	17	quality	quality	NOUN
cblr-2937	1353	18	and	and	CCONJ
cblr-2937	1353	19	too	too	ADV
cblr-2937	1353	20	little	little	ADJ
cblr-2937	1353	21	on	on	ADP
cblr-2937	1353	22	the	the	DET
cblr-2937	1353	23	agency	agency	NOUN
cblr-2937	1353	24	's	's	PART
cblr-2937	1353	25	analysis	analysis	NOUN
cblr-2937	1353	26	.	.	PUNCT
cblr-2937	1354	1	5	5	X
cblr-2937	1354	2	.	.	PUNCT
cblr-2937	1354	3	"	"	PUNCT
cblr-2937	1354	4	prior	prior	ADJ
cblr-2937	1354	5	restraint	restraint	NOUN
cblr-2937	1354	6	"	"	PUNCT
cblr-2937	1354	7	of	of	ADP
cblr-2937	1354	8	low	low	ADJ
cblr-2937	1354	9	-	-	PUNCT
cblr-2937	1354	10	quality	quality	NOUN
cblr-2937	1354	11	ratings	rating	NOUN
cblr-2937	1354	12	a	a	DET
cblr-2937	1354	13	bill	bill	NOUN
cblr-2937	1354	14	introduced	introduce	VERB
cblr-2937	1354	15	july	july	PROPN
cblr-2937	1354	16	14	14	NUM
cblr-2937	1354	17	,	,	PUNCT
cblr-2937	1354	18	200886	200886	NUM
cblr-2937	1354	19	would	would	AUX
cblr-2937	1354	20	attempt	attempt	VERB
cblr-2937	1354	21	to	to	PART
cblr-2937	1354	22	ensure	ensure	VERB
cblr-2937	1354	23	high	high	ADJ
cblr-2937	1354	24	-	-	PUNCT
cblr-2937	1354	25	quality	quality	NOUN
cblr-2937	1354	26	ratings	rating	NOUN
cblr-2937	1354	27	on	on	ADP
cblr-2937	1354	28	novel	novel	ADJ
cblr-2937	1354	29	products	product	NOUN
cblr-2937	1354	30	by	by	ADP
cblr-2937	1354	31	requiring	require	VERB
cblr-2937	1354	32	prior	prior	ADJ
cblr-2937	1354	33	sec	sec	PROPN
cblr-2937	1354	34	approval	approval	NOUN
cblr-2937	1354	35	for	for	ADP
cblr-2937	1354	36	the	the	DET
cblr-2937	1354	37	products	product	NOUN
cblr-2937	1354	38	before	before	SCONJ
cblr-2937	1354	39	ratings	rating	NOUN
cblr-2937	1354	40	on	on	ADP
cblr-2937	1354	41	the	the	DET
cblr-2937	1354	42	products	product	NOUN
cblr-2937	1354	43	could	could	AUX
cblr-2937	1354	44	receive	receive	VERB
cblr-2937	1354	45	regulatory	regulatory	ADJ
cblr-2937	1354	46	recognition.2	recognition.2	PROPN
cblr-2937	1354	47	7	7	NUM
cblr-2937	1354	48	the	the	DET
cblr-2937	1354	49	284	284	NUM
cblr-2937	1354	50	see	see	NOUN
cblr-2937	1354	51	infra	infra	NOUN
cblr-2937	1354	52	part	part	NOUN
cblr-2937	1354	53	iv.c.3.a	iv.c.3.a	PROPN
cblr-2937	1354	54	.	.	PROPN
cblr-2937	1355	1	28	28	NUM
cblr-2937	1355	2	see	see	VERB
cblr-2937	1355	3	banc	banc	PROPN
cblr-2937	1355	4	of	of	ADP
cblr-2937	1355	5	america	america	PROPN
cblr-2937	1355	6	securities	securities	PROPN
cblr-2937	1355	7	,	,	PUNCT
cblr-2937	1355	8	synthetic	synthetic	ADJ
cblr-2937	1355	9	credit	credit	NOUN
cblr-2937	1355	10	portfolio	portfolio	NOUN
cblr-2937	1355	11	transactions	transaction	NOUN
cblr-2937	1355	12	,	,	PUNCT
cblr-2937	1355	13	(	(	PUNCT
cblr-2937	1355	14	july	july	PROPN
cblr-2937	1355	15	25	25	NUM
cblr-2937	1355	16	,	,	PUNCT
cblr-2937	1355	17	2001	2001	NUM
cblr-2937	1355	18	)	)	PUNCT
cblr-2937	1355	19	(	(	PUNCT
cblr-2937	1355	20	discussing	discuss	VERB
cblr-2937	1355	21	issuance	issuance	NOUN
cblr-2937	1355	22	of	of	ADP
cblr-2937	1355	23	unrated	unrated	ADJ
cblr-2937	1355	24	synthetic	synthetic	ADJ
cblr-2937	1355	25	transactions	transaction	NOUN
cblr-2937	1355	26	using	use	VERB
cblr-2937	1355	27	credit	credit	NOUN
cblr-2937	1355	28	-	-	PUNCT
cblr-2937	1355	29	linked	link	VERB
cblr-2937	1355	30	notes	note	NOUN
cblr-2937	1355	31	and	and	CCONJ
cblr-2937	1355	32	total	total	ADJ
cblr-2937	1355	33	return	return	NOUN
cblr-2937	1355	34	swaps	swap	NOUN
cblr-2937	1355	35	)	)	PUNCT
cblr-2937	1355	36	.	.	PUNCT
cblr-2937	1356	1	286	286	NUM
cblr-2937	1356	2	h.r	h.r	PROPN
cblr-2937	1356	3	.	.	PROPN
cblr-2937	1356	4	6482	6482	NUM
cblr-2937	1356	5	,	,	PUNCT
cblr-2937	1356	6	110th	110th	ADJ
cblr-2937	1356	7	cong	cong	NOUN
cblr-2937	1356	8	.	.	PUNCT
cblr-2937	1357	1	(	(	PUNCT
cblr-2937	1357	2	2008	2008	NUM
cblr-2937	1357	3	)	)	PUNCT
cblr-2937	1357	4	.	.	PUNCT
cblr-2937	1358	1	287	287	NUM
cblr-2937	1358	2	aaron	aaron	PROPN
cblr-2937	1358	3	lucchetti	lucchetti	PROPN
cblr-2937	1358	4	,	,	PUNCT
cblr-2937	1358	5	new	new	ADJ
cblr-2937	1358	6	rules	rule	NOUN
cblr-2937	1358	7	loom	loom	VERB
cblr-2937	1358	8	for	for	ADP
cblr-2937	1358	9	bond	bond	NOUN
cblr-2937	1358	10	-	-	PUNCT
cblr-2937	1358	11	rating	rate	VERB
cblr-2937	1358	12	firms	firm	NOUN
cblr-2937	1358	13	,	,	PUNCT
cblr-2937	1358	14	wall	wall	PROPN
cblr-2937	1358	15	st	st	PROPN
cblr-2937	1358	16	.	.	PROPN
cblr-2937	1358	17	j.	j.	PROPN
cblr-2937	1358	18	,	,	PUNCT
cblr-2937	1358	19	july	july	PROPN
cblr-2937	1358	20	14	14	NUM
cblr-2937	1358	21	,	,	PUNCT
cblr-2937	1358	22	2008	2008	NUM
cblr-2937	1358	23	,	,	PUNCT
cblr-2937	1358	24	at	at	ADP
cblr-2937	1358	25	c3	c3	PROPN
cblr-2937	1358	26	.	.	PUNCT
cblr-2937	1359	1	no	no	INTJ
cblr-2937	1359	2	.	.	NOUN
cblr-2937	1360	1	1	1	NUM
cblr-2937	1360	2	:	:	SYM
cblr-2937	1360	3	109	109	NUM
cblr-2937	1360	4	]	]	PUNCT
cblr-2937	1360	5	credit	credit	NOUN
cblr-2937	1360	6	ra	ra	PROPN
cblr-2937	1360	7	ting	ting	PROPN
cblr-2937	1360	8	agencies	agencies	PROPN
cblr-2937	1360	9	proposal	proposal	NOUN
cblr-2937	1360	10	appears	appear	VERB
cblr-2937	1360	11	to	to	PART
cblr-2937	1360	12	assume	assume	VERB
cblr-2937	1360	13	that	that	SCONJ
cblr-2937	1360	14	ratings	rating	NOUN
cblr-2937	1360	15	will	will	AUX
cblr-2937	1360	16	continue	continue	VERB
cblr-2937	1360	17	to	to	PART
cblr-2937	1360	18	be	be	AUX
cblr-2937	1360	19	used	use	VERB
cblr-2937	1360	20	for	for	ADP
cblr-2937	1360	21	regulatory	regulatory	ADJ
cblr-2937	1360	22	purposes	purpose	NOUN
cblr-2937	1360	23	.	.	PUNCT
cblr-2937	1361	1	against	against	ADP
cblr-2937	1361	2	that	that	DET
cblr-2937	1361	3	backdrop	backdrop	NOUN
cblr-2937	1361	4	,	,	PUNCT
cblr-2937	1361	5	the	the	DET
cblr-2937	1361	6	denial	denial	NOUN
cblr-2937	1361	7	of	of	ADP
cblr-2937	1361	8	regulatory	regulatory	ADJ
cblr-2937	1361	9	recognition	recognition	NOUN
cblr-2937	1361	10	to	to	ADP
cblr-2937	1361	11	ratings	rating	NOUN
cblr-2937	1361	12	on	on	ADP
cblr-2937	1361	13	novel	novel	ADJ
cblr-2937	1361	14	unapproved	unapproved	ADJ
cblr-2937	1361	15	products	product	NOUN
cblr-2937	1361	16	seems	seems	AUX
cblr-2937	1361	17	intended	intend	VERB
cblr-2937	1361	18	to	to	PART
cblr-2937	1361	19	prohibit	prohibit	VERB
cblr-2937	1361	20	such	such	ADJ
cblr-2937	1361	21	ratings	rating	NOUN
cblr-2937	1361	22	rather	rather	ADV
cblr-2937	1361	23	than	than	ADP
cblr-2937	1361	24	to	to	PART
cblr-2937	1361	25	combat	combat	NOUN
cblr-2937	1361	26	investor	investor	NOUN
cblr-2937	1361	27	"	"	PUNCT
cblr-2937	1361	28	overreliance	overreliance	NOUN
cblr-2937	1361	29	"	"	PUNCT
cblr-2937	1361	30	on	on	ADP
cblr-2937	1361	31	them	they	PRON
cblr-2937	1361	32	.	.	PUNCT
cblr-2937	1362	1	so	so	ADV
cblr-2937	1362	2	understood	understand	VERB
cblr-2937	1362	3	,	,	PUNCT
cblr-2937	1362	4	that	that	DET
cblr-2937	1362	5	proposal	proposal	NOUN
cblr-2937	1362	6	is	be	AUX
cblr-2937	1362	7	more	more	ADV
cblr-2937	1362	8	intrusive	intrusive	ADJ
cblr-2937	1362	9	than	than	ADP
cblr-2937	1362	10	the	the	DET
cblr-2937	1362	11	proposal	proposal	NOUN
cblr-2937	1362	12	in	in	ADP
cblr-2937	1362	13	this	this	DET
cblr-2937	1362	14	article	article	NOUN
cblr-2937	1362	15	,	,	PUNCT
cblr-2937	1362	16	because	because	SCONJ
cblr-2937	1362	17	the	the	DET
cblr-2937	1362	18	bill	bill	NOUN
cblr-2937	1362	19	relies	rely	VERB
cblr-2937	1362	20	on	on	ADP
cblr-2937	1362	21	the	the	DET
cblr-2937	1362	22	regulator	regulator	NOUN
cblr-2937	1362	23	's	's	PART
cblr-2937	1362	24	ability	ability	NOUN
cblr-2937	1362	25	to	to	PART
cblr-2937	1362	26	foresee	foresee	VERB
cblr-2937	1362	27	whether	whether	SCONJ
cblr-2937	1362	28	instruments	instrument	NOUN
cblr-2937	1362	29	can	can	AUX
cblr-2937	1362	30	be	be	AUX
cblr-2937	1362	31	rated	rate	VERB
cblr-2937	1362	32	with	with	ADP
cblr-2937	1362	33	high	high	ADJ
cblr-2937	1362	34	quality	quality	NOUN
cblr-2937	1362	35	,	,	PUNCT
cblr-2937	1362	36	while	while	SCONJ
cblr-2937	1362	37	the	the	DET
cblr-2937	1362	38	proposal	proposal	NOUN
cblr-2937	1362	39	here	here	ADV
cblr-2937	1362	40	merely	merely	ADV
cblr-2937	1362	41	requires	require	VERB
cblr-2937	1362	42	the	the	DET
cblr-2937	1362	43	regulator	regulator	NOUN
cblr-2937	1362	44	to	to	PART
cblr-2937	1362	45	be	be	AUX
cblr-2937	1362	46	able	able	ADJ
cblr-2937	1362	47	to	to	PART
cblr-2937	1362	48	monitor	monitor	VERB
cblr-2937	1362	49	quality	quality	NOUN
cblr-2937	1362	50	on	on	ADP
cblr-2937	1362	51	an	an	DET
cblr-2937	1362	52	ex	ex	X
cblr-2937	1362	53	post	post	NOUN
cblr-2937	1362	54	basis	basis	NOUN
cblr-2937	1362	55	.	.	PUNCT
cblr-2937	1363	1	"	"	PUNCT
cblr-2937	1363	2	'	'	PUNCT
cblr-2937	1363	3	d.	d.	NOUN
cblr-2937	1363	4	the	the	DET
cblr-2937	1363	5	minimum	minimum	ADJ
cblr-2937	1363	6	quality	quality	NOUN
cblr-2937	1363	7	level	level	NOUN
cblr-2937	1363	8	the	the	DET
cblr-2937	1363	9	"	"	PUNCT
cblr-2937	1363	10	disclose	disclose	VERB
cblr-2937	1363	11	or	or	CCONJ
cblr-2937	1363	12	disgorge	disgorge	VERB
cblr-2937	1363	13	"	"	PUNCT
cblr-2937	1363	14	system	system	NOUN
cblr-2937	1363	15	as	as	SCONJ
cblr-2937	1363	16	described	describe	VERB
cblr-2937	1363	17	here	here	ADV
cblr-2937	1363	18	requires	require	VERB
cblr-2937	1363	19	that	that	SCONJ
cblr-2937	1363	20	rating	rating	NOUN
cblr-2937	1363	21	quality	quality	NOUN
cblr-2937	1363	22	be	be	AUX
cblr-2937	1363	23	measured	measure	VERB
cblr-2937	1363	24	,	,	PUNCT
cblr-2937	1363	25	that	that	SCONJ
cblr-2937	1363	26	a	a	DET
cblr-2937	1363	27	minimum	minimum	ADJ
cblr-2937	1363	28	quality	quality	NOUN
cblr-2937	1363	29	level	level	NOUN
cblr-2937	1363	30	be	be	AUX
cblr-2937	1363	31	established	establish	VERB
cblr-2937	1363	32	,	,	PUNCT
cblr-2937	1363	33	and	and	CCONJ
cblr-2937	1363	34	that	that	SCONJ
cblr-2937	1363	35	the	the	DET
cblr-2937	1363	36	minimum	minimum	ADJ
cblr-2937	1363	37	quality	quality	NOUN
cblr-2937	1363	38	level	level	NOUN
cblr-2937	1363	39	be	be	AUX
cblr-2937	1363	40	applied	apply	VERB
cblr-2937	1363	41	to	to	ADP
cblr-2937	1363	42	observed	observed	ADJ
cblr-2937	1363	43	rating	rating	NOUN
cblr-2937	1363	44	performance	performance	NOUN
cblr-2937	1363	45	.	.	PUNCT
cblr-2937	1364	1	measuring	measure	VERB
cblr-2937	1364	2	rating	rating	NOUN
cblr-2937	1364	3	quality	quality	NOUN
cblr-2937	1364	4	should	should	AUX
cblr-2937	1364	5	not	not	PART
cblr-2937	1364	6	be	be	AUX
cblr-2937	1364	7	difficult	difficult	ADJ
cblr-2937	1364	8	;	;	PUNCT
cblr-2937	1364	9	rating	rating	NOUN
cblr-2937	1364	10	agencies	agency	NOUN
cblr-2937	1364	11	already	already	ADV
cblr-2937	1364	12	288	288	NUM
cblr-2937	1364	13	the	the	DET
cblr-2937	1364	14	suggested	suggest	VERB
cblr-2937	1364	15	approach	approach	NOUN
cblr-2937	1364	16	is	be	AUX
cblr-2937	1364	17	designed	design	VERB
cblr-2937	1364	18	to	to	PART
cblr-2937	1364	19	discourage	discourage	VERB
cblr-2937	1364	20	low	low	ADJ
cblr-2937	1364	21	-	-	PUNCT
cblr-2937	1364	22	quality	quality	NOUN
cblr-2937	1364	23	ratings	rating	NOUN
cblr-2937	1364	24	.	.	PUNCT
cblr-2937	1365	1	this	this	PRON
cblr-2937	1365	2	will	will	AUX
cblr-2937	1365	3	deter	deter	VERB
cblr-2937	1365	4	financial	financial	ADJ
cblr-2937	1365	5	innovation	innovation	NOUN
cblr-2937	1365	6	only	only	ADV
cblr-2937	1365	7	to	to	ADP
cblr-2937	1365	8	the	the	DET
cblr-2937	1365	9	extent	extent	NOUN
cblr-2937	1365	10	that	that	SCONJ
cblr-2937	1365	11	agency	agency	NOUN
cblr-2937	1365	12	ratings	rating	NOUN
cblr-2937	1365	13	are	be	AUX
cblr-2937	1365	14	needed	need	VERB
cblr-2937	1365	15	for	for	ADP
cblr-2937	1365	16	the	the	DET
cblr-2937	1365	17	introduction	introduction	NOUN
cblr-2937	1365	18	of	of	ADP
cblr-2937	1365	19	new	new	ADJ
cblr-2937	1365	20	products	product	NOUN
cblr-2937	1365	21	.	.	PUNCT
cblr-2937	1366	1	to	to	ADP
cblr-2937	1366	2	the	the	DET
cblr-2937	1366	3	extent	extent	NOUN
cblr-2937	1366	4	that	that	SCONJ
cblr-2937	1366	5	a	a	DET
cblr-2937	1366	6	formal	formal	ADJ
cblr-2937	1366	7	gatekeeping	gatekeeping	NOUN
cblr-2937	1366	8	function	function	NOUN
cblr-2937	1366	9	is	be	AUX
cblr-2937	1366	10	removed	remove	VERB
cblr-2937	1366	11	,	,	PUNCT
cblr-2937	1366	12	as	as	SCONJ
cblr-2937	1366	13	regulators	regulator	NOUN
cblr-2937	1366	14	appear	appear	VERB
cblr-2937	1366	15	to	to	PART
cblr-2937	1366	16	be	be	AUX
cblr-2937	1366	17	considering	consider	VERB
cblr-2937	1366	18	,	,	PUNCT
cblr-2937	1366	19	it	it	PRON
cblr-2937	1366	20	would	would	AUX
cblr-2937	1366	21	still	still	ADV
cblr-2937	1366	22	be	be	AUX
cblr-2937	1366	23	possible	possible	ADJ
cblr-2937	1366	24	to	to	PART
cblr-2937	1366	25	attempt	attempt	VERB
cblr-2937	1366	26	to	to	PART
cblr-2937	1366	27	introduce	introduce	VERB
cblr-2937	1366	28	innovative	innovative	ADJ
cblr-2937	1366	29	products	product	NOUN
cblr-2937	1366	30	without	without	ADP
cblr-2937	1366	31	ratings	rating	NOUN
cblr-2937	1366	32	.	.	PUNCT
cblr-2937	1367	1	although	although	SCONJ
cblr-2937	1367	2	that	that	PRON
cblr-2937	1367	3	might	might	AUX
cblr-2937	1367	4	not	not	PART
cblr-2937	1367	5	be	be	AUX
cblr-2937	1367	6	successful	successful	ADJ
cblr-2937	1367	7	,	,	PUNCT
cblr-2937	1367	8	the	the	DET
cblr-2937	1367	9	failure	failure	NOUN
cblr-2937	1367	10	would	would	AUX
cblr-2937	1367	11	reflect	reflect	VERB
cblr-2937	1367	12	the	the	DET
cblr-2937	1367	13	investors	investor	NOUN
cblr-2937	1367	14	'	'	PART
cblr-2937	1367	15	inability	inability	NOUN
cblr-2937	1367	16	to	to	PART
cblr-2937	1367	17	assess	assess	VERB
cblr-2937	1367	18	the	the	DET
cblr-2937	1367	19	products	product	NOUN
cblr-2937	1367	20	'	'	PART
cblr-2937	1367	21	risks	risk	NOUN
cblr-2937	1367	22	.	.	PUNCT
cblr-2937	1368	1	it	it	PRON
cblr-2937	1368	2	appears	appear	VERB
cblr-2937	1368	3	that	that	SCONJ
cblr-2937	1368	4	product	product	NOUN
cblr-2937	1368	5	failure	failure	NOUN
cblr-2937	1368	6	in	in	ADP
cblr-2937	1368	7	that	that	DET
cblr-2937	1368	8	situation	situation	NOUN
cblr-2937	1368	9	would	would	AUX
cblr-2937	1368	10	be	be	AUX
cblr-2937	1368	11	a	a	DET
cblr-2937	1368	12	good	good	ADJ
cblr-2937	1368	13	thing	thing	NOUN
cblr-2937	1368	14	,	,	PUNCT
cblr-2937	1368	15	not	not	PART
cblr-2937	1368	16	a	a	DET
cblr-2937	1368	17	bad	bad	ADJ
cblr-2937	1368	18	thing	thing	NOUN
cblr-2937	1368	19	.	.	PUNCT
cblr-2937	1369	1	in	in	ADP
cblr-2937	1369	2	the	the	DET
cblr-2937	1369	3	case	case	NOUN
cblr-2937	1369	4	where	where	SCONJ
cblr-2937	1369	5	the	the	DET
cblr-2937	1369	6	rating	rating	NOUN
cblr-2937	1369	7	agency	agency	NOUN
cblr-2937	1369	8	is	be	AUX
cblr-2937	1369	9	a	a	DET
cblr-2937	1369	10	gatekeeper	gatekeeper	NOUN
cblr-2937	1369	11	,	,	PUNCT
cblr-2937	1369	12	it	it	PRON
cblr-2937	1369	13	is	be	AUX
cblr-2937	1369	14	possible	possible	ADJ
cblr-2937	1369	15	that	that	SCONJ
cblr-2937	1369	16	the	the	DET
cblr-2937	1369	17	proposal	proposal	NOUN
cblr-2937	1369	18	will	will	AUX
cblr-2937	1369	19	deter	deter	VERB
cblr-2937	1369	20	innovation	innovation	NOUN
cblr-2937	1369	21	.	.	PUNCT
cblr-2937	1370	1	it	it	PRON
cblr-2937	1370	2	might	might	AUX
cblr-2937	1370	3	be	be	AUX
cblr-2937	1370	4	possible	possible	ADJ
cblr-2937	1370	5	for	for	SCONJ
cblr-2937	1370	6	sophisticated	sophisticated	ADJ
cblr-2937	1370	7	investors	investor	NOUN
cblr-2937	1370	8	to	to	PART
cblr-2937	1370	9	judge	judge	VERB
cblr-2937	1370	10	the	the	DET
cblr-2937	1370	11	creditworthiness	creditworthiness	NOUN
cblr-2937	1370	12	of	of	ADP
cblr-2937	1370	13	an	an	DET
cblr-2937	1370	14	innovative	innovative	ADJ
cblr-2937	1370	15	security	security	NOUN
cblr-2937	1370	16	even	even	ADV
cblr-2937	1370	17	if	if	SCONJ
cblr-2937	1370	18	the	the	DET
cblr-2937	1370	19	rating	rating	NOUN
cblr-2937	1370	20	agencies	agency	NOUN
cblr-2937	1370	21	can	can	AUX
cblr-2937	1370	22	not	not	PART
cblr-2937	1370	23	.	.	PUNCT
cblr-2937	1371	1	in	in	ADP
cblr-2937	1371	2	such	such	DET
cblr-2937	1371	3	a	a	DET
cblr-2937	1371	4	case	case	NOUN
cblr-2937	1371	5	,	,	PUNCT
cblr-2937	1371	6	if	if	SCONJ
cblr-2937	1371	7	agency	agency	NOUN
cblr-2937	1371	8	ratings	rating	NOUN
cblr-2937	1371	9	are	be	AUX
cblr-2937	1371	10	required	require	VERB
cblr-2937	1371	11	for	for	ADP
cblr-2937	1371	12	the	the	DET
cblr-2937	1371	13	security	security	NOUN
cblr-2937	1371	14	's	's	PART
cblr-2937	1371	15	success	success	NOUN
cblr-2937	1371	16	,	,	PUNCT
cblr-2937	1371	17	then	then	ADV
cblr-2937	1371	18	the	the	DET
cblr-2937	1371	19	conjunction	conjunction	NOUN
cblr-2937	1371	20	of	of	ADP
cblr-2937	1371	21	agency	agency	NOUN
cblr-2937	1371	22	gatekeeping	gatekeeping	NOUN
cblr-2937	1371	23	and	and	CCONJ
cblr-2937	1371	24	deterrence	deterrence	NOUN
cblr-2937	1371	25	of	of	ADP
cblr-2937	1371	26	low	low	ADJ
cblr-2937	1371	27	-	-	PUNCT
cblr-2937	1371	28	quality	quality	NOUN
cblr-2937	1371	29	ratings	rating	NOUN
cblr-2937	1371	30	would	would	AUX
cblr-2937	1371	31	cause	cause	VERB
cblr-2937	1371	32	the	the	DET
cblr-2937	1371	33	innovation	innovation	NOUN
cblr-2937	1371	34	to	to	PART
cblr-2937	1371	35	fail	fail	VERB
cblr-2937	1371	36	.	.	PUNCT
cblr-2937	1372	1	because	because	SCONJ
cblr-2937	1372	2	it	it	PRON
cblr-2937	1372	3	is	be	AUX
cblr-2937	1372	4	difficult	difficult	ADJ
cblr-2937	1372	5	to	to	PART
cblr-2937	1372	6	estimate	estimate	VERB
cblr-2937	1372	7	what	what	DET
cblr-2937	1372	8	welfare	welfare	NOUN
cblr-2937	1372	9	enhancements	enhancement	NOUN
cblr-2937	1372	10	result	result	VERB
cblr-2937	1372	11	from	from	ADP
cblr-2937	1372	12	financial	financial	ADJ
cblr-2937	1372	13	innovation	innovation	NOUN
cblr-2937	1372	14	,	,	PUNCT
cblr-2937	1372	15	it	it	PRON
cblr-2937	1372	16	is	be	AUX
cblr-2937	1372	17	difficult	difficult	ADJ
cblr-2937	1372	18	to	to	PART
cblr-2937	1372	19	weigh	weigh	VERB
cblr-2937	1372	20	the	the	DET
cblr-2937	1372	21	tradeoff	tradeoff	NOUN
cblr-2937	1372	22	between	between	ADP
cblr-2937	1372	23	the	the	DET
cblr-2937	1372	24	benefits	benefit	NOUN
cblr-2937	1372	25	of	of	ADP
cblr-2937	1372	26	improved	improved	ADJ
cblr-2937	1372	27	rating	rating	NOUN
cblr-2937	1372	28	quality	quality	NOUN
cblr-2937	1372	29	and	and	CCONJ
cblr-2937	1372	30	the	the	DET
cblr-2937	1372	31	costs	cost	NOUN
cblr-2937	1372	32	of	of	ADP
cblr-2937	1372	33	innovation	innovation	NOUN
cblr-2937	1372	34	deterrence	deterrence	NOUN
cblr-2937	1372	35	in	in	ADP
cblr-2937	1372	36	this	this	DET
cblr-2937	1372	37	case	case	NOUN
cblr-2937	1372	38	.	.	PUNCT
cblr-2937	1373	1	it	it	PRON
cblr-2937	1373	2	is	be	AUX
cblr-2937	1373	3	worth	worth	ADJ
cblr-2937	1373	4	noting	note	VERB
cblr-2937	1373	5	,	,	PUNCT
cblr-2937	1373	6	however	however	ADV
cblr-2937	1373	7	,	,	PUNCT
cblr-2937	1373	8	that	that	SCONJ
cblr-2937	1373	9	if	if	SCONJ
cblr-2937	1373	10	this	this	PRON
cblr-2937	1373	11	were	be	AUX
cblr-2937	1373	12	a	a	DET
cblr-2937	1373	13	serious	serious	ADJ
cblr-2937	1373	14	problem	problem	NOUN
cblr-2937	1373	15	it	it	PRON
cblr-2937	1373	16	would	would	AUX
cblr-2937	1373	17	increase	increase	VERB
cblr-2937	1373	18	pressure	pressure	NOUN
cblr-2937	1373	19	on	on	ADP
cblr-2937	1373	20	the	the	DET
cblr-2937	1373	21	agencies	agency	NOUN
cblr-2937	1373	22	'	'	PART
cblr-2937	1373	23	status	status	NOUN
cblr-2937	1373	24	as	as	ADP
cblr-2937	1373	25	gatekeepers	gatekeeper	NOUN
cblr-2937	1373	26	.	.	PUNCT
cblr-2937	1374	1	that	that	PRON
cblr-2937	1374	2	is	be	AUX
cblr-2937	1374	3	appropriate	appropriate	ADJ
cblr-2937	1374	4	,	,	PUNCT
cblr-2937	1374	5	as	as	SCONJ
cblr-2937	1374	6	it	it	PRON
cblr-2937	1374	7	is	be	AUX
cblr-2937	1374	8	most	most	ADV
cblr-2937	1374	9	unclear	unclear	ADJ
cblr-2937	1374	10	that	that	SCONJ
cblr-2937	1374	11	agency	agency	NOUN
cblr-2937	1374	12	gatekeeper	gatekeeper	NOUN
cblr-2937	1374	13	status	status	NOUN
cblr-2937	1374	14	is	be	AUX
cblr-2937	1374	15	appropriate	appropriate	ADJ
cblr-2937	1374	16	for	for	ADP
cblr-2937	1374	17	instruments	instrument	NOUN
cblr-2937	1374	18	that	that	PRON
cblr-2937	1374	19	the	the	DET
cblr-2937	1374	20	agencies	agency	NOUN
cblr-2937	1374	21	can	can	AUX
cblr-2937	1374	22	not	not	PART
cblr-2937	1374	23	rate	rate	VERB
cblr-2937	1374	24	with	with	ADP
cblr-2937	1374	25	high	high	ADJ
cblr-2937	1374	26	quality	quality	NOUN
cblr-2937	1374	27	.	.	PUNCT
cblr-2937	1375	1	col	col	PROPN
cblr-2937	1375	2	umbia	umbia	PROPN
cblr-2937	1375	3	b	b	PROPN
cblr-2937	1375	4	usiness	usiness	PROPN
cblr-2937	1375	5	la	la	PROPN
cblr-2937	1375	6	w	w	PROPN
cblr-2937	1375	7	re	re	PROPN
cblr-2937	1375	8	vie	vie	PROPN
cblr-2937	1375	9	w	w	PROPN
cblr-2937	1376	1	[	[	X
cblr-2937	1376	2	vol	vol	NOUN
cblr-2937	1376	3	.	.	PUNCT
cblr-2937	1376	4	2009	2009	NUM
cblr-2937	1376	5	do	do	VERB
cblr-2937	1376	6	it	it	PRON
cblr-2937	1376	7	and	and	CCONJ
cblr-2937	1376	8	their	their	PRON
cblr-2937	1376	9	measures	measure	NOUN
cblr-2937	1376	10	seem	seem	VERB
cblr-2937	1376	11	appropriate	appropriate	ADJ
cblr-2937	1376	12	,	,	PUNCT
cblr-2937	1376	13	at	at	ADP
cblr-2937	1376	14	least	least	ADJ
cblr-2937	1376	15	as	as	ADP
cblr-2937	1376	16	a	a	DET
cblr-2937	1376	17	starting	starting	NOUN
cblr-2937	1376	18	point	point	NOUN
cblr-2937	1376	19	.	.	PUNCT
cblr-2937	1377	1	drawing	draw	VERB
cblr-2937	1377	2	the	the	DET
cblr-2937	1377	3	line	line	NOUN
cblr-2937	1377	4	defining	define	VERB
cblr-2937	1377	5	the	the	DET
cblr-2937	1377	6	appropriate	appropriate	ADJ
cblr-2937	1377	7	minimum	minimum	ADJ
cblr-2937	1377	8	quality	quality	NOUN
cblr-2937	1377	9	level	level	NOUN
cblr-2937	1377	10	,	,	PUNCT
cblr-2937	1377	11	on	on	ADP
cblr-2937	1377	12	the	the	DET
cblr-2937	1377	13	other	other	ADJ
cblr-2937	1377	14	hand	hand	NOUN
cblr-2937	1377	15	,	,	PUNCT
cblr-2937	1377	16	may	may	AUX
cblr-2937	1377	17	be	be	AUX
cblr-2937	1377	18	difficult	difficult	ADJ
cblr-2937	1377	19	in	in	ADP
cblr-2937	1377	20	practice	practice	NOUN
cblr-2937	1377	21	.	.	PUNCT
cblr-2937	1378	1	this	this	DET
cblr-2937	1378	2	article	article	NOUN
cblr-2937	1378	3	sketches	sketch	VERB
cblr-2937	1378	4	out	out	ADP
cblr-2937	1378	5	some	some	DET
cblr-2937	1378	6	ideas	idea	NOUN
cblr-2937	1378	7	for	for	ADP
cblr-2937	1378	8	accomplishing	accomplish	VERB
cblr-2937	1378	9	this	this	PRON
cblr-2937	1378	10	while	while	SCONJ
cblr-2937	1378	11	recognizing	recognize	VERB
cblr-2937	1378	12	that	that	SCONJ
cblr-2937	1378	13	resolving	resolve	VERB
cblr-2937	1378	14	the	the	DET
cblr-2937	1378	15	issue	issue	NOUN
cblr-2937	1378	16	requires	require	VERB
cblr-2937	1378	17	,	,	PUNCT
cblr-2937	1378	18	at	at	ADP
cblr-2937	1378	19	a	a	DET
cblr-2937	1378	20	minimum	minimum	NOUN
cblr-2937	1378	21	,	,	PUNCT
cblr-2937	1378	22	additional	additional	ADJ
cblr-2937	1378	23	data	datum	NOUN
cblr-2937	1378	24	.	.	PUNCT
cblr-2937	1379	1	1	1	X
cblr-2937	1379	2	.	.	PUNCT
cblr-2937	1379	3	measures	measure	NOUN
cblr-2937	1379	4	of	of	ADP
cblr-2937	1379	5	rating	rating	NOUN
cblr-2937	1379	6	quality	quality	NOUN
cblr-2937	1379	7	as	as	SCONJ
cblr-2937	1379	8	noted	note	VERB
cblr-2937	1379	9	,	,	PUNCT
cblr-2937	1379	10	the	the	DET
cblr-2937	1379	11	rating	rating	NOUN
cblr-2937	1379	12	agencies	agency	NOUN
cblr-2937	1379	13	assert	assert	VERB
cblr-2937	1379	14	,	,	PUNCT
cblr-2937	1379	15	and	and	CCONJ
cblr-2937	1379	16	the	the	DET
cblr-2937	1379	17	notion	notion	NOUN
cblr-2937	1379	18	of	of	ADP
cblr-2937	1379	19	reputation	reputation	NOUN
cblr-2937	1379	20	presumes	presume	VERB
cblr-2937	1379	21	,	,	PUNCT
cblr-2937	1379	22	that	that	PRON
cblr-2937	1379	23	rating	rating	NOUN
cblr-2937	1379	24	quality	quality	NOUN
cblr-2937	1379	25	can	can	AUX
cblr-2937	1379	26	be	be	AUX
cblr-2937	1379	27	measured.289	measured.289	VERB
cblr-2937	1379	28	this	this	DET
cblr-2937	1379	29	section	section	NOUN
cblr-2937	1379	30	describes	describe	VERB
cblr-2937	1379	31	specific	specific	ADJ
cblr-2937	1379	32	measures	measure	NOUN
cblr-2937	1379	33	of	of	ADP
cblr-2937	1379	34	rating	rating	NOUN
cblr-2937	1379	35	quality	quality	NOUN
cblr-2937	1379	36	that	that	PRON
cblr-2937	1379	37	could	could	AUX
cblr-2937	1379	38	be	be	AUX
cblr-2937	1379	39	incorporated	incorporate	VERB
cblr-2937	1379	40	into	into	ADP
cblr-2937	1379	41	a	a	DET
cblr-2937	1379	42	regulatory	regulatory	ADJ
cblr-2937	1379	43	system.29	system.29	NOUN
cblr-2937	1379	44	°	°	SCONJ
cblr-2937	1379	45	the	the	DET
cblr-2937	1379	46	major	major	ADJ
cblr-2937	1379	47	performance	performance	NOUN
cblr-2937	1379	48	measure	measure	NOUN
cblr-2937	1379	49	used	use	VERB
cblr-2937	1379	50	by	by	ADP
cblr-2937	1379	51	credit	credit	NOUN
cblr-2937	1379	52	rating	rating	NOUN
cblr-2937	1379	53	agencies	agency	NOUN
cblr-2937	1379	54	is	be	AUX
cblr-2937	1379	55	the	the	DET
cblr-2937	1379	56	"	"	PUNCT
cblr-2937	1379	57	accuracy	accuracy	NOUN
cblr-2937	1379	58	ratio	ratio	NOUN
cblr-2937	1379	59	,	,	PUNCT
cblr-2937	1379	60	"	"	PUNCT
cblr-2937	1379	61	which	which	PRON
cblr-2937	1379	62	is	be	AUX
cblr-2937	1379	63	a	a	DET
cblr-2937	1379	64	way	way	NOUN
cblr-2937	1379	65	of	of	ADP
cblr-2937	1379	66	expressing	express	VERB
cblr-2937	1379	67	the	the	DET
cblr-2937	1379	68	performance	performance	NOUN
cblr-2937	1379	69	of	of	ADP
cblr-2937	1379	70	an	an	DET
cblr-2937	1379	71	ordinal	ordinal	ADJ
cblr-2937	1379	72	rating	rating	NOUN
cblr-2937	1379	73	system	system	NOUN
cblr-2937	1379	74	in	in	ADP
cblr-2937	1379	75	terms	term	NOUN
cblr-2937	1379	76	of	of	ADP
cblr-2937	1379	77	a	a	DET
cblr-2937	1379	78	single	single	ADJ
cblr-2937	1379	79	number	number	NOUN
cblr-2937	1379	80	.	.	PUNCT
cblr-2937	1380	1	the	the	DET
cblr-2937	1380	2	accuracy	accuracy	NOUN
cblr-2937	1380	3	ratio	ratio	NOUN
cblr-2937	1380	4	is	be	AUX
cblr-2937	1380	5	computed	compute	VERB
cblr-2937	1380	6	based	base	VERB
cblr-2937	1380	7	on	on	ADP
cblr-2937	1380	8	a	a	DET
cblr-2937	1380	9	"	"	PUNCT
cblr-2937	1380	10	power	power	NOUN
cblr-2937	1380	11	curve	curve	NOUN
cblr-2937	1380	12	.	.	PUNCT
cblr-2937	1381	1	"	"	PUNCT
cblr-2937	1381	2	'	'	NUM
cblr-2937	1381	3	91	91	NUM
cblr-2937	1381	4	the	the	DET
cblr-2937	1381	5	accompanying	accompany	VERB
cblr-2937	1381	6	figure	figure	NOUN
cblr-2937	1381	7	presents	present	VERB
cblr-2937	1381	8	the	the	DET
cblr-2937	1381	9	power	power	NOUN
cblr-2937	1381	10	curve	curve	NOUN
cblr-2937	1381	11	for	for	ADP
cblr-2937	1381	12	a	a	DET
cblr-2937	1381	13	hypothetical	hypothetical	ADJ
cblr-2937	1381	14	set	set	NOUN
cblr-2937	1381	15	of	of	ADP
cblr-2937	1381	16	ratings	rating	NOUN
cblr-2937	1381	17	.	.	PUNCT
cblr-2937	1382	1	rated	rate	VERB
cblr-2937	1382	2	instruments	instrument	NOUN
cblr-2937	1382	3	are	be	AUX
cblr-2937	1382	4	arranged	arrange	VERB
cblr-2937	1382	5	on	on	ADP
cblr-2937	1382	6	the	the	DET
cblr-2937	1382	7	x	x	NOUN
cblr-2937	1382	8	-	-	NOUN
cblr-2937	1382	9	axis	axis	NOUN
cblr-2937	1382	10	in	in	ADP
cblr-2937	1382	11	increasing	increase	VERB
cblr-2937	1382	12	order	order	NOUN
cblr-2937	1382	13	of	of	ADP
cblr-2937	1382	14	rating	rating	NOUN
cblr-2937	1382	15	.	.	PUNCT
cblr-2937	1383	1	the	the	DET
cblr-2937	1383	2	cumulative	cumulative	ADJ
cblr-2937	1383	3	proportion	proportion	NOUN
cblr-2937	1383	4	of	of	ADP
cblr-2937	1383	5	defaults	default	NOUN
cblr-2937	1383	6	is	be	AUX
cblr-2937	1383	7	plotted	plot	VERB
cblr-2937	1383	8	on	on	ADP
cblr-2937	1383	9	the	the	DET
cblr-2937	1383	10	y	y	NOUN
cblr-2937	1383	11	-	-	PUNCT
cblr-2937	1383	12	axis	axis	NOUN
cblr-2937	1383	13	.	.	PUNCT
cblr-2937	1384	1	if	if	SCONJ
cblr-2937	1384	2	defaults	default	NOUN
cblr-2937	1384	3	had	have	VERB
cblr-2937	1384	4	no	no	DET
cblr-2937	1384	5	connection	connection	NOUN
cblr-2937	1384	6	to	to	ADP
cblr-2937	1384	7	ratings	rating	NOUN
cblr-2937	1384	8	and	and	CCONJ
cblr-2937	1384	9	were	be	AUX
cblr-2937	1384	10	evenly	evenly	ADV
cblr-2937	1384	11	distributed	distribute	VERB
cblr-2937	1384	12	among	among	ADP
cblr-2937	1384	13	rating	rating	NOUN
cblr-2937	1384	14	classes	class	NOUN
cblr-2937	1384	15	,	,	PUNCT
cblr-2937	1384	16	the	the	DET
cblr-2937	1384	17	power	power	NOUN
cblr-2937	1384	18	curve	curve	NOUN
cblr-2937	1384	19	289	289	NUM
cblr-2937	1384	20	see	see	VERB
cblr-2937	1384	21	supra	supra	PROPN
cblr-2937	1384	22	part	part	PROPN
cblr-2937	1384	23	v.a	v.a	PROPN
cblr-2937	1384	24	.	.	PROPN
cblr-2937	1384	25	290	290	NUM
cblr-2937	1384	26	it	it	PRON
cblr-2937	1384	27	could	could	AUX
cblr-2937	1384	28	be	be	AUX
cblr-2937	1384	29	argued	argue	VERB
cblr-2937	1384	30	that	that	SCONJ
cblr-2937	1384	31	courts	court	NOUN
cblr-2937	1384	32	or	or	CCONJ
cblr-2937	1384	33	regulators	regulator	NOUN
cblr-2937	1384	34	can	can	AUX
cblr-2937	1384	35	not	not	PART
cblr-2937	1384	36	apply	apply	VERB
cblr-2937	1384	37	a	a	DET
cblr-2937	1384	38	quality	quality	NOUN
cblr-2937	1384	39	standard	standard	NOUN
cblr-2937	1384	40	accurately	accurately	ADV
cblr-2937	1384	41	,	,	PUNCT
cblr-2937	1384	42	that	that	PRON
cblr-2937	1384	43	regulatory	regulatory	ADJ
cblr-2937	1384	44	compliance	compliance	NOUN
cblr-2937	1384	45	or	or	CCONJ
cblr-2937	1384	46	litigation	litigation	NOUN
cblr-2937	1384	47	impose	impose	VERB
cblr-2937	1384	48	costs	cost	NOUN
cblr-2937	1384	49	that	that	PRON
cblr-2937	1384	50	are	be	AUX
cblr-2937	1384	51	in	in	ADP
cblr-2937	1384	52	themselves	themselves	PRON
cblr-2937	1384	53	socially	socially	ADV
cblr-2937	1384	54	wasteful	wasteful	ADJ
cblr-2937	1384	55	,	,	PUNCT
cblr-2937	1384	56	and	and	CCONJ
cblr-2937	1384	57	that	that	SCONJ
cblr-2937	1384	58	uncertainty	uncertainty	NOUN
cblr-2937	1384	59	about	about	ADP
cblr-2937	1384	60	the	the	DET
cblr-2937	1384	61	outcome	outcome	NOUN
cblr-2937	1384	62	of	of	ADP
cblr-2937	1384	63	judicial	judicial	ADJ
cblr-2937	1384	64	or	or	CCONJ
cblr-2937	1384	65	regulatory	regulatory	ADJ
cblr-2937	1384	66	processes	process	NOUN
cblr-2937	1384	67	would	would	AUX
cblr-2937	1384	68	make	make	VERB
cblr-2937	1384	69	it	it	PRON
cblr-2937	1384	70	more	more	ADV
cblr-2937	1384	71	difficult	difficult	ADJ
cblr-2937	1384	72	for	for	SCONJ
cblr-2937	1384	73	rating	rating	NOUN
cblr-2937	1384	74	agencies	agency	NOUN
cblr-2937	1384	75	to	to	PART
cblr-2937	1384	76	decide	decide	VERB
cblr-2937	1384	77	whether	whether	SCONJ
cblr-2937	1384	78	to	to	PART
cblr-2937	1384	79	rate	rate	VERB
cblr-2937	1384	80	novel	novel	ADJ
cblr-2937	1384	81	instruments	instrument	NOUN
cblr-2937	1384	82	.	.	PUNCT
cblr-2937	1385	1	these	these	DET
cblr-2937	1385	2	costs	cost	NOUN
cblr-2937	1385	3	are	be	AUX
cblr-2937	1385	4	limited	limit	VERB
cblr-2937	1385	5	in	in	ADP
cblr-2937	1385	6	the	the	DET
cblr-2937	1385	7	case	case	NOUN
cblr-2937	1385	8	of	of	ADP
cblr-2937	1385	9	this	this	DET
cblr-2937	1385	10	proposal	proposal	NOUN
cblr-2937	1385	11	,	,	PUNCT
cblr-2937	1385	12	because	because	SCONJ
cblr-2937	1385	13	the	the	DET
cblr-2937	1385	14	idea	idea	NOUN
cblr-2937	1385	15	here	here	ADV
cblr-2937	1385	16	is	be	AUX
cblr-2937	1385	17	that	that	SCONJ
cblr-2937	1385	18	an	an	DET
cblr-2937	1385	19	objective	objective	ADJ
cblr-2937	1385	20	standard	standard	NOUN
cblr-2937	1385	21	will	will	AUX
cblr-2937	1385	22	be	be	AUX
cblr-2937	1385	23	applied	apply	VERB
cblr-2937	1385	24	to	to	ADP
cblr-2937	1385	25	rating	rating	NOUN
cblr-2937	1385	26	-	-	PUNCT
cblr-2937	1385	27	agency	agency	NOUN
cblr-2937	1385	28	outputs	output	NOUN
cblr-2937	1385	29	.	.	PUNCT
cblr-2937	1386	1	agencies	agency	NOUN
cblr-2937	1386	2	will	will	AUX
cblr-2937	1386	3	be	be	AUX
cblr-2937	1386	4	subject	subject	ADJ
cblr-2937	1386	5	to	to	ADP
cblr-2937	1386	6	disgorgement	disgorgement	NOUN
cblr-2937	1386	7	if	if	SCONJ
cblr-2937	1386	8	their	their	PRON
cblr-2937	1386	9	ratings	rating	NOUN
cblr-2937	1386	10	do	do	AUX
cblr-2937	1386	11	not	not	PART
cblr-2937	1386	12	meet	meet	VERB
cblr-2937	1386	13	the	the	DET
cblr-2937	1386	14	designated	designate	VERB
cblr-2937	1386	15	standard	standard	NOUN
cblr-2937	1386	16	.	.	PUNCT
cblr-2937	1387	1	by	by	ADP
cblr-2937	1387	2	making	make	VERB
cblr-2937	1387	3	rating	rating	NOUN
cblr-2937	1387	4	agencies	agency	NOUN
cblr-2937	1387	5	responsible	responsible	ADJ
cblr-2937	1387	6	for	for	ADP
cblr-2937	1387	7	output	output	NOUN
cblr-2937	1387	8	quality	quality	NOUN
cblr-2937	1387	9	,	,	PUNCT
cblr-2937	1387	10	the	the	DET
cblr-2937	1387	11	proposal	proposal	NOUN
cblr-2937	1387	12	avoids	avoid	VERB
cblr-2937	1387	13	the	the	DET
cblr-2937	1387	14	problems	problem	NOUN
cblr-2937	1387	15	and	and	CCONJ
cblr-2937	1387	16	errors	error	NOUN
cblr-2937	1387	17	associated	associate	VERB
cblr-2937	1387	18	with	with	ADP
cblr-2937	1387	19	intrusive	intrusive	ADJ
cblr-2937	1387	20	monitoring	monitoring	NOUN
cblr-2937	1387	21	.	.	PUNCT
cblr-2937	1388	1	for	for	ADP
cblr-2937	1388	2	example	example	NOUN
cblr-2937	1388	3	,	,	PUNCT
cblr-2937	1388	4	the	the	DET
cblr-2937	1388	5	proposal	proposal	NOUN
cblr-2937	1388	6	does	do	AUX
cblr-2937	1388	7	not	not	PART
cblr-2937	1388	8	call	call	VERB
cblr-2937	1388	9	for	for	ADP
cblr-2937	1388	10	inquiry	inquiry	NOUN
cblr-2937	1388	11	into	into	ADP
cblr-2937	1388	12	scienter	scienter	NOUN
cblr-2937	1388	13	or	or	CCONJ
cblr-2937	1388	14	into	into	ADP
cblr-2937	1388	15	the	the	DET
cblr-2937	1388	16	process	process	NOUN
cblr-2937	1388	17	by	by	ADP
cblr-2937	1388	18	which	which	PRON
cblr-2937	1388	19	specific	specific	ADJ
cblr-2937	1388	20	ratings	rating	NOUN
cblr-2937	1388	21	are	be	AUX
cblr-2937	1388	22	generated	generate	VERB
cblr-2937	1388	23	.	.	PUNCT
cblr-2937	1389	1	291	291	NUM
cblr-2937	1389	2	see	see	VERB
cblr-2937	1389	3	fitch	fitch	NOUN
cblr-2937	1389	4	ratings	rating	NOUN
cblr-2937	1389	5	,	,	PUNCT
cblr-2937	1389	6	fitch	fitch	NOUN
cblr-2937	1389	7	ratings	rating	NOUN
cblr-2937	1389	8	1991	1991	NUM
cblr-2937	1389	9	-	-	SYM
cblr-2937	1389	10	2007	2007	NUM
cblr-2937	1389	11	global	global	ADJ
cblr-2937	1389	12	structured	structured	ADJ
cblr-2937	1389	13	finance	finance	NOUN
cblr-2937	1389	14	transition	transition	NOUN
cblr-2937	1389	15	and	and	CCONJ
cblr-2937	1389	16	default	default	NOUN
cblr-2937	1389	17	study	study	NOUN
cblr-2937	1389	18	14	14	NUM
cblr-2937	1389	19	(	(	PUNCT
cblr-2937	1389	20	2008	2008	NUM
cblr-2937	1389	21	)	)	PUNCT
cblr-2937	1389	22	.	.	PUNCT
cblr-2937	1390	1	the	the	DET
cblr-2937	1390	2	power	power	NOUN
cblr-2937	1390	3	curve	curve	NOUN
cblr-2937	1390	4	is	be	AUX
cblr-2937	1390	5	also	also	ADV
cblr-2937	1390	6	called	call	VERB
cblr-2937	1390	7	a	a	DET
cblr-2937	1390	8	"	"	PUNCT
cblr-2937	1390	9	lorenz	lorenz	PROPN
cblr-2937	1390	10	curve	curve	NOUN
cblr-2937	1390	11	"	"	PUNCT
cblr-2937	1390	12	and	and	CCONJ
cblr-2937	1390	13	the	the	DET
cblr-2937	1390	14	accuracy	accuracy	NOUN
cblr-2937	1390	15	ratio	ratio	NOUN
cblr-2937	1390	16	is	be	AUX
cblr-2937	1390	17	also	also	ADV
cblr-2937	1390	18	called	call	VERB
cblr-2937	1390	19	the	the	DET
cblr-2937	1390	20	"	"	PUNCT
cblr-2937	1390	21	gini	gini	PROPN
cblr-2937	1390	22	coefficient	coefficient	NOUN
cblr-2937	1390	23	.	.	PUNCT
cblr-2937	1390	24	"	"	PUNCT
cblr-2937	1391	1	no	no	INTJ
cblr-2937	1391	2	.	.	PUNCT
cblr-2937	1392	1	1:109	1:109	NUM
cblr-2937	1392	2	]	]	PUNCT
cblr-2937	1392	3	credit	credit	NOUN
cblr-2937	1392	4	ra	ra	PROPN
cblr-2937	1392	5	ting	te	VERB
cblr-2937	1392	6	a	a	DET
cblr-2937	1392	7	gencies	gencie	NOUN
cblr-2937	1392	8	would	would	AUX
cblr-2937	1392	9	lie	lie	VERB
cblr-2937	1392	10	along	along	ADP
cblr-2937	1392	11	the	the	DET
cblr-2937	1392	12	lower	low	ADJ
cblr-2937	1392	13	,	,	PUNCT
cblr-2937	1392	14	diagonally	diagonally	ADV
cblr-2937	1392	15	upward	upward	ADV
cblr-2937	1392	16	-	-	PUNCT
cblr-2937	1392	17	sloping	slope	VERB
cblr-2937	1392	18	linedefaults	linedefault	NOUN
cblr-2937	1392	19	would	would	AUX
cblr-2937	1392	20	be	be	AUX
cblr-2937	1392	21	distributed	distribute	VERB
cblr-2937	1392	22	evenly	evenly	ADV
cblr-2937	1392	23	across	across	ADP
cblr-2937	1392	24	rating	rating	NOUN
cblr-2937	1392	25	classes	class	NOUN
cblr-2937	1392	26	.	.	PUNCT
cblr-2937	1393	1	a	a	DET
cblr-2937	1393	2	more	more	ADV
cblr-2937	1393	3	"	"	PUNCT
cblr-2937	1393	4	humped	humped	NOUN
cblr-2937	1393	5	"	"	PUNCT
cblr-2937	1393	6	shape	shape	NOUN
cblr-2937	1393	7	to	to	ADP
cblr-2937	1393	8	the	the	DET
cblr-2937	1393	9	curve	curve	NOUN
cblr-2937	1393	10	indicates	indicate	VERB
cblr-2937	1393	11	greater	great	ADJ
cblr-2937	1393	12	concentration	concentration	NOUN
cblr-2937	1393	13	of	of	ADP
cblr-2937	1393	14	defaults	default	NOUN
cblr-2937	1393	15	among	among	ADP
cblr-2937	1393	16	lower	lower	ADV
cblr-2937	1393	17	-	-	PUNCT
cblr-2937	1393	18	rated	rate	VERB
cblr-2937	1393	19	ratings	rating	NOUN
cblr-2937	1393	20	and	and	CCONJ
cblr-2937	1393	21	can	can	AUX
cblr-2937	1393	22	be	be	AUX
cblr-2937	1393	23	interpreted	interpret	VERB
cblr-2937	1393	24	as	as	ADP
cblr-2937	1393	25	indicating	indicate	VERB
cblr-2937	1393	26	greater	great	ADJ
cblr-2937	1393	27	rating	rating	NOUN
cblr-2937	1393	28	quality	quality	NOUN
cblr-2937	1393	29	.	.	PUNCT
cblr-2937	1394	1	the	the	DET
cblr-2937	1394	2	accuaracy	accuaracy	NOUN
cblr-2937	1394	3	ratio	ratio	NOUN
cblr-2937	1394	4	is	be	AUX
cblr-2937	1394	5	computed	compute	VERB
cblr-2937	1394	6	by	by	ADP
cblr-2937	1394	7	taking	take	VERB
cblr-2937	1394	8	the	the	DET
cblr-2937	1394	9	ratio	ratio	NOUN
cblr-2937	1394	10	of	of	ADP
cblr-2937	1394	11	the	the	DET
cblr-2937	1394	12	area	area	NOUN
cblr-2937	1394	13	between	between	ADP
cblr-2937	1394	14	the	the	DET
cblr-2937	1394	15	diagonal	diagonal	ADJ
cblr-2937	1394	16	and	and	CCONJ
cblr-2937	1394	17	the	the	DET
cblr-2937	1394	18	actual	actual	ADJ
cblr-2937	1394	19	power	power	NOUN
cblr-2937	1394	20	curve	curve	NOUN
cblr-2937	1394	21	(	(	PUNCT
cblr-2937	1394	22	numerator	numerator	NOUN
cblr-2937	1394	23	)	)	PUNCT
cblr-2937	1394	24	and	and	CCONJ
cblr-2937	1394	25	the	the	DET
cblr-2937	1394	26	area	area	NOUN
cblr-2937	1394	27	between	between	ADP
cblr-2937	1394	28	the	the	DET
cblr-2937	1394	29	diagonal	diagonal	ADJ
cblr-2937	1394	30	and	and	CCONJ
cblr-2937	1394	31	the	the	DET
cblr-2937	1394	32	power	power	NOUN
cblr-2937	1394	33	curve	curve	NOUN
cblr-2937	1394	34	that	that	PRON
cblr-2937	1394	35	would	would	AUX
cblr-2937	1394	36	have	have	AUX
cblr-2937	1394	37	been	be	AUX
cblr-2937	1394	38	realized	realize	VERB
cblr-2937	1394	39	if	if	SCONJ
cblr-2937	1394	40	the	the	DET
cblr-2937	1394	41	agency	agency	NOUN
cblr-2937	1394	42	had	have	AUX
cblr-2937	1394	43	had	have	VERB
cblr-2937	1394	44	perfect	perfect	ADJ
cblr-2937	1394	45	foresight	foresight	NOUN
cblr-2937	1394	46	(	(	PUNCT
cblr-2937	1394	47	denominator	denominator	NOUN
cblr-2937	1394	48	)	)	PUNCT
cblr-2937	1394	49	.	.	PUNCT
cblr-2937	1395	1	in	in	ADP
cblr-2937	1395	2	other	other	ADJ
cblr-2937	1395	3	words	word	NOUN
cblr-2937	1395	4	,	,	PUNCT
cblr-2937	1395	5	it	it	PRON
cblr-2937	1395	6	is	be	AUX
cblr-2937	1395	7	the	the	DET
cblr-2937	1395	8	proportion	proportion	NOUN
cblr-2937	1395	9	of	of	ADP
cblr-2937	1395	10	area	area	NOUN
cblr-2937	1395	11	a	a	PRON
cblr-2937	1395	12	to	to	PART
cblr-2937	1395	13	area	area	VERB
cblr-2937	1395	14	a	a	DET
cblr-2937	1395	15	+	+	NUM
cblr-2937	1395	16	area	area	NOUN
cblr-2937	1395	17	b.	b.	NOUN
cblr-2937	1396	1	this	this	PRON
cblr-2937	1396	2	is	be	AUX
cblr-2937	1396	3	represented	represent	VERB
cblr-2937	1396	4	in	in	ADP
cblr-2937	1396	5	the	the	DET
cblr-2937	1396	6	figure	figure	NOUN
cblr-2937	1396	7	by	by	ADP
cblr-2937	1396	8	the	the	DET
cblr-2937	1396	9	upper	upper	ADJ
cblr-2937	1396	10	line	line	NOUN
cblr-2937	1396	11	.	.	PUNCT
cblr-2937	1397	1	the	the	DET
cblr-2937	1397	2	maximum	maximum	ADJ
cblr-2937	1397	3	value	value	NOUN
cblr-2937	1397	4	for	for	ADP
cblr-2937	1397	5	the	the	DET
cblr-2937	1397	6	accuracy	accuracy	NOUN
cblr-2937	1397	7	ratio	ratio	NOUN
cblr-2937	1397	8	is	be	AUX
cblr-2937	1397	9	one	one	NUM
cblr-2937	1397	10	,	,	PUNCT
cblr-2937	1397	11	and	and	CCONJ
cblr-2937	1397	12	the	the	DET
cblr-2937	1397	13	accuracy	accuracy	NOUN
cblr-2937	1397	14	ratio	ratio	NOUN
cblr-2937	1397	15	for	for	ADP
cblr-2937	1397	16	the	the	DET
cblr-2937	1397	17	pictured	picture	VERB
cblr-2937	1397	18	curve	curve	NOUN
cblr-2937	1397	19	is	be	AUX
cblr-2937	1397	20	0.69.292	0.69.292	NOUN
cblr-2937	1397	21	accuracy	accuracy	NOUN
cblr-2937	1397	22	ratio	ratio	NOUN
cblr-2937	1397	23	10	10	NUM
cblr-2937	1397	24	s60	s60	NOUN
cblr-2937	1397	25	a	a	DET
cblr-2937	1397	26	realized	realize	VERB
cblr-2937	1397	27	performance	performance	NOUN
cblr-2937	1397	28	0	0	NUM
cblr-2937	1397	29	random	random	ADJ
cblr-2937	1397	30	assortment	assortment	NOUN
cblr-2937	1397	31	perfect	perfect	ADJ
cblr-2937	1397	32	foresight	foresight	NOUN
cblr-2937	1397	33	cumulative	cumulative	ADJ
cblr-2937	1397	34	%	%	NOUN
cblr-2937	1397	35	of	of	ADP
cblr-2937	1397	36	issues	issue	NOUN
cblr-2937	1397	37	(	(	PUNCT
cblr-2937	1397	38	low	low	ADJ
cblr-2937	1397	39	to	to	ADP
cblr-2937	1397	40	high	high	ADJ
cblr-2937	1397	41	rating	rating	NOUN
cblr-2937	1397	42	)	)	PUNCT
cblr-2937	1397	43	!	!	PUNCT
cblr-2937	1398	1	0	0	NUM
cblr-2937	1399	1	0	0	NUM
cblr-2937	1399	2	20	20	NUM
cblr-2937	1399	3	40	40	NUM
cblr-2937	1399	4	60	60	NUM
cblr-2937	1399	5	80	80	NUM
cblr-2937	1399	6	100	100	NUM
cblr-2937	1399	7	292	292	NUM
cblr-2937	1399	8	as	as	SCONJ
cblr-2937	1399	9	the	the	DET
cblr-2937	1399	10	agencies	agency	NOUN
cblr-2937	1399	11	note	note	VERB
cblr-2937	1399	12	,	,	PUNCT
cblr-2937	1399	13	the	the	DET
cblr-2937	1399	14	accuracy	accuracy	NOUN
cblr-2937	1399	15	ratio	ratio	NOUN
cblr-2937	1399	16	:	:	PUNCT
cblr-2937	1399	17	(	(	PUNCT
cblr-2937	1399	18	1	1	X
cblr-2937	1399	19	)	)	PUNCT
cblr-2937	1399	20	is	be	AUX
cblr-2937	1399	21	just	just	ADV
cblr-2937	1399	22	one	one	NUM
cblr-2937	1399	23	way	way	NOUN
cblr-2937	1399	24	of	of	ADP
cblr-2937	1399	25	compressing	compress	VERB
cblr-2937	1399	26	the	the	DET
cblr-2937	1399	27	information	information	NOUN
cblr-2937	1399	28	in	in	ADP
cblr-2937	1399	29	the	the	DET
cblr-2937	1399	30	power	power	NOUN
cblr-2937	1399	31	curve	curve	NOUN
cblr-2937	1399	32	to	to	ADP
cblr-2937	1399	33	a	a	DET
cblr-2937	1399	34	single	single	ADJ
cblr-2937	1399	35	number	number	NOUN
cblr-2937	1399	36	;	;	PUNCT
cblr-2937	1399	37	(	(	PUNCT
cblr-2937	1399	38	2	2	X
cblr-2937	1399	39	)	)	PUNCT
cblr-2937	1399	40	requires	require	VERB
cblr-2937	1399	41	a	a	DET
cblr-2937	1399	42	large	large	ADJ
cblr-2937	1399	43	number	number	NOUN
cblr-2937	1399	44	of	of	ADP
cblr-2937	1399	45	in	in	ADP
cblr-2937	1399	46	-	-	PUNCT
cblr-2937	1399	47	sample	sample	NOUN
cblr-2937	1399	48	defaults	default	NOUN
cblr-2937	1399	49	to	to	PART
cblr-2937	1399	50	be	be	AUX
cblr-2937	1399	51	meaningful	meaningful	ADJ
cblr-2937	1399	52	;	;	PUNCT
cblr-2937	1399	53	and	and	CCONJ
cblr-2937	1399	54	(	(	PUNCT
cblr-2937	1399	55	3	3	X
cblr-2937	1399	56	)	)	PUNCT
cblr-2937	1399	57	equally	equally	ADV
cblr-2937	1399	58	weighs	weigh	NOUN
cblr-2937	1399	59	type	type	NOUN
cblr-2937	1399	60	i	i	PRON
cblr-2937	1399	61	error	error	NOUN
cblr-2937	1399	62	(	(	PUNCT
cblr-2937	1399	63	rating	rate	VERB
cblr-2937	1399	64	a	a	DET
cblr-2937	1399	65	defaulter	defaulter	NOUN
cblr-2937	1399	66	too	too	ADV
cblr-2937	1399	67	high	high	ADJ
cblr-2937	1399	68	)	)	PUNCT
cblr-2937	1399	69	and	and	CCONJ
cblr-2937	1399	70	type	type	NOUN
cblr-2937	1399	71	ii	ii	NOUN
cblr-2937	1399	72	error	error	NOUN
cblr-2937	1399	73	(	(	PUNCT
cblr-2937	1399	74	rating	rate	VERB
cblr-2937	1399	75	a	a	DET
cblr-2937	1399	76	non	non	ADJ
cblr-2937	1399	77	-	-	ADJ
cblr-2937	1399	78	defaulter	defaulter	ADJ
cblr-2937	1399	79	too	too	ADV
cblr-2937	1399	80	low	low	ADJ
cblr-2937	1399	81	)	)	PUNCT
cblr-2937	1399	82	.	.	PUNCT
cblr-2937	1400	1	moody	moody	PROPN
cblr-2937	1400	2	's	's	PART
cblr-2937	1400	3	investors	investors	PROPN
cblr-2937	1400	4	service	service	NOUN
cblr-2937	1400	5	,	,	PUNCT
cblr-2937	1400	6	special	special	ADJ
cblr-2937	1400	7	comment	comment	NOUN
cblr-2937	1400	8	:	:	PUNCT
cblr-2937	1400	9	measuring	measure	VERB
cblr-2937	1400	10	the	the	DET
cblr-2937	1400	11	performance	performance	NOUN
cblr-2937	1400	12	of	of	ADP
cblr-2937	1400	13	corporate	corporate	ADJ
cblr-2937	1400	14	bond	bond	NOUN
cblr-2937	1400	15	ratings	rating	NOUN
cblr-2937	1400	16	13	13	NUM
cblr-2937	1400	17	(	(	PUNCT
cblr-2937	1400	18	2003	2003	NUM
cblr-2937	1400	19	)	)	PUNCT
cblr-2937	1400	20	.	.	PUNCT
cblr-2937	1401	1	a	a	DET
cblr-2937	1401	2	related	related	ADJ
cblr-2937	1401	3	,	,	PUNCT
cblr-2937	1401	4	alternative	alternative	ADJ
cblr-2937	1401	5	approach	approach	NOUN
cblr-2937	1401	6	to	to	ADP
cblr-2937	1401	7	measuring	measure	VERB
cblr-2937	1401	8	credit	credit	NOUN
cblr-2937	1401	9	quality	quality	NOUN
cblr-2937	1401	10	is	be	AUX
cblr-2937	1401	11	simply	simply	ADV
cblr-2937	1401	12	to	to	PART
cblr-2937	1401	13	assign	assign	VERB
cblr-2937	1401	14	a	a	DET
cblr-2937	1401	15	numerical	numerical	ADJ
cblr-2937	1401	16	value	value	NOUN
cblr-2937	1401	17	to	to	ADP
cblr-2937	1401	18	each	each	DET
cblr-2937	1401	19	credit	credit	NOUN
cblr-2937	1401	20	rating	rating	NOUN
cblr-2937	1401	21	level	level	NOUN
cblr-2937	1401	22	and	and	CCONJ
cblr-2937	1401	23	compute	compute	VERB
cblr-2937	1401	24	the	the	DET
cblr-2937	1401	25	correlation	correlation	NOUN
cblr-2937	1401	26	between	between	ADP
cblr-2937	1401	27	rating	rating	NOUN
cblr-2937	1401	28	level	level	NOUN
cblr-2937	1401	29	and	and	CCONJ
cblr-2937	1401	30	default	default	NOUN
cblr-2937	1401	31	rate	rate	NOUN
cblr-2937	1401	32	.	.	PUNCT
cblr-2937	1402	1	see	see	VERB
cblr-2937	1402	2	dittrich	dittrich	NOUN
cblr-2937	1402	3	,	,	PUNCT
cblr-2937	1402	4	supra	supra	PROPN
cblr-2937	1402	5	note	note	NOUN
cblr-2937	1402	6	12	12	NUM
cblr-2937	1402	7	,	,	PUNCT
cblr-2937	1402	8	at	at	ADP
cblr-2937	1402	9	21	21	NUM
cblr-2937	1402	10	-	-	SYM
cblr-2937	1402	11	22	22	NUM
cblr-2937	1402	12	;	;	PUNCT
cblr-2937	1402	13	see	see	VERB
cblr-2937	1402	14	also	also	ADV
cblr-2937	1402	15	standard	standard	PROPN
cblr-2937	1402	16	&	&	CCONJ
cblr-2937	1402	17	poor	poor	PROPN
cblr-2937	1402	18	's	's	PART
cblr-2937	1402	19	,	,	PUNCT
cblr-2937	1402	20	supra	supra	PROPN
cblr-2937	1402	21	note	note	NOUN
cblr-2937	1402	22	172	172	NUM
cblr-2937	1402	23	,	,	PUNCT
cblr-2937	1402	24	at	at	ADP
cblr-2937	1402	25	10	10	NUM
cblr-2937	1402	26	(	(	PUNCT
cblr-2937	1402	27	"	"	PUNCT
cblr-2937	1402	28	[	[	X
cblr-2937	1402	29	tihe	tihe	ADJ
cblr-2937	1402	30	measure	measure	NOUN
cblr-2937	1402	31	of	of	ADP
cblr-2937	1402	32	any	any	DET
cblr-2937	1402	33	rating	rating	NOUN
cblr-2937	1402	34	agency	agency	NOUN
cblr-2937	1402	35	's	's	PART
cblr-2937	1402	36	success	success	NOUN
cblr-2937	1402	37	is	be	AUX
cblr-2937	1402	38	whether	whether	SCONJ
cblr-2937	1402	39	,	,	PUNCT
cblr-2937	1402	40	in	in	ADP
cblr-2937	1402	41	aggregate	aggregate	NOUN
cblr-2937	1402	42	and	and	CCONJ
cblr-2937	1402	43	over	over	ADP
cblr-2937	1402	44	the	the	DET
cblr-2937	1402	45	long	long	ADJ
cblr-2937	1402	46	term	term	NOUN
cblr-2937	1402	47	,	,	PUNCT
cblr-2937	1402	48	its	its	PRON
cblr-2937	1402	49	ratings	rating	NOUN
cblr-2937	1402	50	are	be	AUX
cblr-2937	1402	51	correlated	correlate	VERB
cblr-2937	1402	52	with	with	ADP
cblr-2937	1402	53	actual	actual	ADJ
cblr-2937	1402	54	default	default	NOUN
cblr-2937	1402	55	experience	experience	NOUN
cblr-2937	1402	56	.	.	PUNCT
cblr-2937	1402	57	"	"	PUNCT
cblr-2937	1402	58	)	)	PUNCT
cblr-2937	1402	59	.	.	PUNCT
cblr-2937	1403	1	[	[	X
cblr-2937	1403	2	vol	vol	NOUN
cblr-2937	1403	3	.	.	PUNCT
cblr-2937	1404	1	2009col	2009col	NUM
cblr-2937	1404	2	umia	umia	NOUN
cblr-2937	1404	3	b	b	PROPN
cblr-2937	1404	4	usiness	usiness	NOUN
cblr-2937	1404	5	la	la	PROPN
cblr-2937	1404	6	w	w	PROPN
cblr-2937	1404	7	re	re	PROPN
cblr-2937	1404	8	vie	vie	PROPN
cblr-2937	1404	9	w	w	PROPN
cblr-2937	1404	10	credit	credit	NOUN
cblr-2937	1404	11	rating	rating	NOUN
cblr-2937	1404	12	agencies	agency	NOUN
cblr-2937	1404	13	another	another	DET
cblr-2937	1404	14	dimension	dimension	NOUN
cblr-2937	1404	15	of	of	ADP
cblr-2937	1404	16	quality	quality	NOUN
cblr-2937	1404	17	is	be	AUX
cblr-2937	1404	18	comparability	comparability	NOUN
cblr-2937	1404	19	of	of	ADP
cblr-2937	1404	20	ratings	rating	NOUN
cblr-2937	1404	21	across	across	ADP
cblr-2937	1404	22	instruments	instrument	NOUN
cblr-2937	1404	23	.	.	PUNCT
cblr-2937	1405	1	as	as	SCONJ
cblr-2937	1405	2	noted	note	VERB
cblr-2937	1405	3	,	,	PUNCT
cblr-2937	1405	4	all	all	DET
cblr-2937	1405	5	the	the	DET
cblr-2937	1405	6	major	major	ADJ
cblr-2937	1405	7	agencies	agency	NOUN
cblr-2937	1405	8	claim	claim	VERB
cblr-2937	1405	9	that	that	SCONJ
cblr-2937	1405	10	their	their	PRON
cblr-2937	1405	11	ratings	rating	NOUN
cblr-2937	1405	12	mean	mean	VERB
cblr-2937	1405	13	the	the	DET
cblr-2937	1405	14	same	same	ADJ
cblr-2937	1405	15	thing	thing	NOUN
cblr-2937	1405	16	across	across	ADP
cblr-2937	1405	17	all	all	DET
cblr-2937	1405	18	products,293	products,293	NOUN
cblr-2937	1405	19	and	and	CCONJ
cblr-2937	1405	20	agencies	agency	NOUN
cblr-2937	1405	21	'	'	PART
cblr-2937	1405	22	award	award	NOUN
cblr-2937	1405	23	of	of	ADP
cblr-2937	1405	24	ratings	rating	NOUN
cblr-2937	1405	25	on	on	ADP
cblr-2937	1405	26	the	the	DET
cblr-2937	1405	27	same	same	ADJ
cblr-2937	1405	28	scale	scale	NOUN
cblr-2937	1405	29	to	to	ADP
cblr-2937	1405	30	new	new	ADJ
cblr-2937	1405	31	and	and	CCONJ
cblr-2937	1405	32	traditional	traditional	ADJ
cblr-2937	1405	33	products	product	NOUN
cblr-2937	1405	34	has	have	AUX
cblr-2937	1405	35	helped	help	VERB
cblr-2937	1405	36	novel	novel	ADJ
cblr-2937	1405	37	products	product	NOUN
cblr-2937	1405	38	gain	gain	VERB
cblr-2937	1405	39	investor	investor	NOUN
cblr-2937	1405	40	acceptance.294	acceptance.294	PRON
cblr-2937	1405	41	the	the	DET
cblr-2937	1405	42	unit	unit	NOUN
cblr-2937	1405	43	of	of	ADP
cblr-2937	1405	44	comparison	comparison	NOUN
cblr-2937	1405	45	here	here	ADV
cblr-2937	1405	46	is	be	AUX
cblr-2937	1405	47	simply	simply	ADV
cblr-2937	1405	48	the	the	DET
cblr-2937	1405	49	default	default	NOUN
cblr-2937	1405	50	rate	rate	NOUN
cblr-2937	1405	51	for	for	ADP
cblr-2937	1405	52	products	product	NOUN
cblr-2937	1405	53	in	in	ADP
cblr-2937	1405	54	each	each	DET
cblr-2937	1405	55	rating	rating	NOUN
cblr-2937	1405	56	class	class	NOUN
cblr-2937	1405	57	.	.	PUNCT
cblr-2937	1406	1	95	95	NUM
cblr-2937	1406	2	to	to	ADP
cblr-2937	1406	3	the	the	DET
cblr-2937	1406	4	extent	extent	NOUN
cblr-2937	1406	5	it	it	PRON
cblr-2937	1406	6	is	be	AUX
cblr-2937	1406	7	possible	possible	ADJ
cblr-2937	1406	8	to	to	PART
cblr-2937	1406	9	tell	tell	VERB
cblr-2937	1406	10	from	from	ADP
cblr-2937	1406	11	the	the	DET
cblr-2937	1406	12	materials	material	NOUN
cblr-2937	1406	13	the	the	DET
cblr-2937	1406	14	rating	rating	NOUN
cblr-2937	1406	15	agencies	agency	NOUN
cblr-2937	1406	16	have	have	AUX
cblr-2937	1406	17	made	make	VERB
cblr-2937	1406	18	available	available	ADJ
cblr-2937	1406	19	,	,	PUNCT
cblr-2937	1406	20	it	it	PRON
cblr-2937	1406	21	appears	appear	VERB
cblr-2937	1406	22	that	that	SCONJ
cblr-2937	1406	23	rating	rating	NOUN
cblr-2937	1406	24	performance	performance	NOUN
cblr-2937	1406	25	in	in	ADP
cblr-2937	1406	26	novel	novel	ADJ
cblr-2937	1406	27	structured	structured	ADJ
cblr-2937	1406	28	products	product	NOUN
cblr-2937	1406	29	has	have	AUX
cblr-2937	1406	30	been	be	AUX
cblr-2937	1406	31	relatively	relatively	ADV
cblr-2937	1406	32	poor	poor	ADJ
cblr-2937	1406	33	during	during	ADP
cblr-2937	1406	34	the	the	DET
cblr-2937	1406	35	worldwide	worldwide	ADJ
cblr-2937	1406	36	credit	credit	NOUN
cblr-2937	1406	37	crisis	crisis	NOUN
cblr-2937	1406	38	even	even	ADV
cblr-2937	1406	39	by	by	ADP
cblr-2937	1406	40	the	the	DET
cblr-2937	1406	41	agencies	agency	NOUN
cblr-2937	1406	42	'	'	PART
cblr-2937	1406	43	modest	modest	ADJ
cblr-2937	1406	44	standards	standard	NOUN
cblr-2937	1406	45	.	.	PUNCT
cblr-2937	1407	1	96	96	NUM
cblr-2937	1407	2	293	293	NUM
cblr-2937	1407	3	see	see	VERB
cblr-2937	1407	4	supra	supra	PROPN
cblr-2937	1407	5	part	part	NOUN
cblr-2937	1407	6	iv.a.3	iv.a.3	ADJ
cblr-2937	1407	7	.	.	PUNCT
cblr-2937	1408	1	294	294	NUM
cblr-2937	1408	2	see	see	VERB
cblr-2937	1408	3	supra	supra	PROPN
cblr-2937	1408	4	part	part	PROPN
cblr-2937	1408	5	iv.c.3.a	iv.c.3.a	PROPN
cblr-2937	1408	6	.	.	PROPN
cblr-2937	1408	7	295	295	NUM
cblr-2937	1408	8	the	the	DET
cblr-2937	1408	9	realized	realize	VERB
cblr-2937	1408	10	comparability	comparability	NOUN
cblr-2937	1408	11	of	of	ADP
cblr-2937	1408	12	default	default	NOUN
cblr-2937	1408	13	rates	rate	NOUN
cblr-2937	1408	14	across	across	ADP
cblr-2937	1408	15	classes	class	NOUN
cblr-2937	1408	16	of	of	ADP
cblr-2937	1408	17	securities	security	NOUN
cblr-2937	1408	18	during	during	ADP
cblr-2937	1408	19	the	the	DET
cblr-2937	1408	20	recent	recent	ADJ
cblr-2937	1408	21	crisis	crisis	NOUN
cblr-2937	1408	22	is	be	AUX
cblr-2937	1408	23	a	a	DET
cblr-2937	1408	24	matter	matter	NOUN
cblr-2937	1408	25	of	of	ADP
cblr-2937	1408	26	some	some	DET
cblr-2937	1408	27	dispute	dispute	NOUN
cblr-2937	1408	28	.	.	PUNCT
cblr-2937	1409	1	compare	compare	VERB
cblr-2937	1409	2	house	house	PROPN
cblr-2937	1409	3	structured	structure	VERB
cblr-2937	1409	4	finance	finance	NOUN
cblr-2937	1409	5	hearings	hearing	NOUN
cblr-2937	1409	6	,	,	PUNCT
cblr-2937	1409	7	supra	supra	PROPN
cblr-2937	1409	8	note	note	NOUN
cblr-2937	1409	9	57	57	NUM
cblr-2937	1409	10	,	,	PUNCT
cblr-2937	1409	11	at	at	ADP
cblr-2937	1409	12	18	18	NUM
cblr-2937	1409	13	(	(	PUNCT
cblr-2937	1409	14	testimony	testimony	NOUN
cblr-2937	1409	15	of	of	ADP
cblr-2937	1409	16	joseph	joseph	PROPN
cblr-2937	1409	17	r.	r.	PROPN
cblr-2937	1409	18	mason	mason	PROPN
cblr-2937	1409	19	)	)	PUNCT
cblr-2937	1409	20	(	(	PUNCT
cblr-2937	1409	21	asserting	assert	VERB
cblr-2937	1409	22	that	that	SCONJ
cblr-2937	1409	23	cdos	cdo	NOUN
cblr-2937	1409	24	rated	rate	VERB
cblr-2937	1409	25	baa	baa	NOUN
cblr-2937	1409	26	by	by	ADP
cblr-2937	1409	27	moody	moody	PROPN
cblr-2937	1409	28	's	's	PART
cblr-2937	1409	29	are	be	AUX
cblr-2937	1409	30	250	250	NUM
cblr-2937	1409	31	times	time	NOUN
cblr-2937	1409	32	as	as	ADV
cblr-2937	1409	33	likely	likely	ADJ
cblr-2937	1409	34	to	to	PART
cblr-2937	1409	35	default	default	VERB
cblr-2937	1409	36	as	as	ADP
cblr-2937	1409	37	municipal	municipal	ADJ
cblr-2937	1409	38	bonds	bond	NOUN
cblr-2937	1409	39	)	)	PUNCT
cblr-2937	1409	40	with	with	ADP
cblr-2937	1409	41	i	i	PROPN
cblr-2937	1409	42	d.	d.	PROPN
cblr-2937	1409	43	at	at	ADP
cblr-2937	1409	44	21	21	NUM
cblr-2937	1409	45	(	(	PUNCT
cblr-2937	1409	46	testimony	testimony	NOUN
cblr-2937	1409	47	of	of	ADP
cblr-2937	1409	48	vickie	vickie	PROPN
cblr-2937	1409	49	a.	a.	PROPN
cblr-2937	1409	50	tillman	tillman	PROPN
cblr-2937	1409	51	,	,	PUNCT
cblr-2937	1409	52	executive	executive	ADJ
cblr-2937	1409	53	vice	vice	NOUN
cblr-2937	1409	54	president	president	NOUN
cblr-2937	1409	55	,	,	PUNCT
cblr-2937	1409	56	s&p	s&p	PROPN
cblr-2937	1409	57	)	)	PUNCT
cblr-2937	1409	58	(	(	PUNCT
cblr-2937	1409	59	"	"	PUNCT
cblr-2937	1409	60	i	i	PRON
cblr-2937	1409	61	can	can	AUX
cblr-2937	1409	62	not	not	PART
cblr-2937	1409	63	speak	speak	VERB
cblr-2937	1409	64	to	to	ADP
cblr-2937	1409	65	where	where	SCONJ
cblr-2937	1409	66	[	[	X
cblr-2937	1409	67	mason	mason	NOUN
cblr-2937	1409	68	]	]	X
cblr-2937	1409	69	came	come	VERB
cblr-2937	1409	70	up	up	ADP
cblr-2937	1409	71	with	with	ADP
cblr-2937	1409	72	his	his	PRON
cblr-2937	1409	73	statistics	statistic	NOUN
cblr-2937	1409	74	,	,	PUNCT
cblr-2937	1409	75	but	but	CCONJ
cblr-2937	1409	76	if	if	SCONJ
cblr-2937	1409	77	you	you	PRON
cblr-2937	1409	78	take	take	VERB
cblr-2937	1409	79	the	the	DET
cblr-2937	1409	80	same	same	ADJ
cblr-2937	1409	81	statistics	statistic	NOUN
cblr-2937	1409	82	on	on	ADP
cblr-2937	1409	83	an	an	DET
cblr-2937	1409	84	investment	investment	NOUN
cblr-2937	1409	85	grade	grade	NOUN
cblr-2937	1409	86	cdo	cdo	NOUN
cblr-2937	1409	87	.	.	PUNCT
cblr-2937	1409	88	.	.	PUNCT
cblr-2937	1410	1	.at	.at	PUNCT
cblr-2937	1411	1	a	a	DET
cblr-2937	1411	2	bbb	bbb	NOUN
cblr-2937	1411	3	level	level	NOUN
cblr-2937	1411	4	over	over	ADP
cblr-2937	1411	5	a	a	DET
cblr-2937	1411	6	5	5	NUM
cblr-2937	1411	7	-	-	PUNCT
cblr-2937	1411	8	year	year	NOUN
cblr-2937	1411	9	period	period	NOUN
cblr-2937	1411	10	,	,	PUNCT
cblr-2937	1411	11	the	the	DET
cblr-2937	1411	12	average	average	ADJ
cblr-2937	1411	13	default	default	NOUN
cblr-2937	1411	14	rate	rate	NOUN
cblr-2937	1411	15	is	be	AUX
cblr-2937	1411	16	somewhere	somewhere	ADV
cblr-2937	1411	17	around	around	ADV
cblr-2937	1411	18	2	2	NUM
cblr-2937	1411	19	1/2	1/2	NUM
cblr-2937	1411	20	percent	percent	NOUN
cblr-2937	1411	21	.	.	PUNCT
cblr-2937	1412	1	if	if	SCONJ
cblr-2937	1412	2	you	you	PRON
cblr-2937	1412	3	look	look	VERB
cblr-2937	1412	4	at	at	ADP
cblr-2937	1412	5	a	a	DET
cblr-2937	1412	6	corporate	corporate	ADJ
cblr-2937	1412	7	bond	bond	NOUN
cblr-2937	1412	8	...	...	PUNCT
cblr-2937	1412	9	rated	rate	VERB
cblr-2937	1412	10	by	by	ADP
cblr-2937	1412	11	standard	standard	PROPN
cblr-2937	1412	12	&	&	CCONJ
cblr-2937	1412	13	poor	poor	PROPN
cblr-2937	1412	14	's	's	PART
cblr-2937	1412	15	in	in	ADP
cblr-2937	1412	16	the	the	DET
cblr-2937	1412	17	same	same	ADJ
cblr-2937	1412	18	time	time	NOUN
cblr-2937	1412	19	period	period	NOUN
cblr-2937	1412	20	rated	rate	VERB
cblr-2937	1412	21	bbb	bbb	PROPN
cblr-2937	1412	22	,	,	PUNCT
cblr-2937	1412	23	then	then	ADV
cblr-2937	1412	24	you	you	PRON
cblr-2937	1412	25	have	have	VERB
cblr-2937	1412	26	approximately	approximately	ADV
cblr-2937	1412	27	2	2	NUM
cblr-2937	1412	28	1/2	1/2	NUM
cblr-2937	1412	29	to	to	PART
cblr-2937	1412	30	3	3	NUM
cblr-2937	1412	31	percent	percent	NOUN
cblr-2937	1412	32	probability	probability	NOUN
cblr-2937	1412	33	of	of	ADP
cblr-2937	1412	34	default	default	NOUN
cblr-2937	1412	35	.	.	PUNCT
cblr-2937	1412	36	"	"	PUNCT
cblr-2937	1412	37	)	)	PUNCT
cblr-2937	1412	38	.	.	PUNCT
cblr-2937	1413	1	...	...	PUNCT
cblr-2937	1413	2	see	see	VERB
cblr-2937	1413	3	structured	structured	ADJ
cblr-2937	1413	4	finance	finance	NOUN
cblr-2937	1413	5	rating	rating	NOUN
cblr-2937	1413	6	performance	performance	NOUN
cblr-2937	1413	7	2007	2007	NUM
cblr-2937	1413	8	,	,	PUNCT
cblr-2937	1413	9	supra	supra	PROPN
cblr-2937	1413	10	note	note	NOUN
cblr-2937	1413	11	106	106	NUM
cblr-2937	1413	12	,	,	PUNCT
cblr-2937	1413	13	at	at	ADP
cblr-2937	1413	14	1	1	NUM
cblr-2937	1413	15	(	(	PUNCT
cblr-2937	1413	16	"	"	PUNCT
cblr-2937	1413	17	the	the	DET
cblr-2937	1413	18	one	one	NUM
cblr-2937	1413	19	-	-	PUNCT
cblr-2937	1413	20	year	year	NOUN
cblr-2937	1413	21	accuracy	accuracy	NOUN
cblr-2937	1413	22	ratio	ratio	NOUN
cblr-2937	1413	23	for	for	ADP
cblr-2937	1413	24	the	the	DET
cblr-2937	1413	25	most	most	ADV
cblr-2937	1413	26	recent	recent	ADJ
cblr-2937	1413	27	cohort	cohort	NOUN
cblr-2937	1413	28	was	be	AUX
cblr-2937	1413	29	77.2	77.2	NUM
cblr-2937	1413	30	%	%	NOUN
cblr-2937	1413	31	,	,	PUNCT
cblr-2937	1413	32	which	which	PRON
cblr-2937	1413	33	is	be	AUX
cblr-2937	1413	34	13.1	13.1	NUM
cblr-2937	1413	35	percentage	percentage	NOUN
cblr-2937	1413	36	points	point	NOUN
cblr-2937	1413	37	lower	low	ADJ
cblr-2937	1413	38	than	than	ADP
cblr-2937	1413	39	its	its	PRON
cblr-2937	1413	40	six	six	NUM
cblr-2937	1413	41	-	-	PUNCT
cblr-2937	1413	42	months	month	NOUN
cblr-2937	1413	43	-	-	PUNCT
cblr-2937	1413	44	prior	prior	ADJ
cblr-2937	1413	45	level	level	NOUN
cblr-2937	1413	46	and	and	CCONJ
cblr-2937	1413	47	9.0	9.0	NUM
cblr-2937	1413	48	points	point	NOUN
cblr-2937	1413	49	lower	low	ADJ
cblr-2937	1413	50	than	than	ADP
cblr-2937	1413	51	the	the	DET
cblr-2937	1413	52	historical	historical	ADJ
cblr-2937	1413	53	average	average	NOUN
cblr-2937	1413	54	.	.	PUNCT
cblr-2937	1413	55	"	"	PUNCT
cblr-2937	1413	56	)	)	PUNCT
cblr-2937	1413	57	;	;	PUNCT
cblr-2937	1413	58	i	i	PRON
cblr-2937	1413	59	d.	d.	PROPN
cblr-2937	1413	60	(	(	PUNCT
cblr-2937	1413	61	"	"	PUNCT
cblr-2937	1413	62	the	the	DET
cblr-2937	1413	63	one	one	NUM
cblr-2937	1413	64	-	-	PUNCT
cblr-2937	1413	65	year	year	NOUN
cblr-2937	1413	66	investment	investment	NOUN
cblr-2937	1413	67	-	-	PUNCT
cblr-2937	1413	68	grade	grade	NOUN
cblr-2937	1413	69	loss	loss	NOUN
cblr-2937	1413	70	rate	rate	NOUN
cblr-2937	1413	71	jumped	jump	VERB
cblr-2937	1413	72	to	to	ADP
cblr-2937	1413	73	0.59	0.59	NUM
cblr-2937	1413	74	%	%	NOUN
cblr-2937	1413	75	for	for	ADP
cblr-2937	1413	76	the	the	DET
cblr-2937	1413	77	cohort	cohort	NOUN
cblr-2937	1413	78	ending	end	VERB
cblr-2937	1413	79	december	december	PROPN
cblr-2937	1413	80	2007	2007	NUM
cblr-2937	1413	81	,	,	PUNCT
cblr-2937	1413	82	a	a	DET
cblr-2937	1413	83	historical	historical	ADJ
cblr-2937	1413	84	high	high	NOUN
cblr-2937	1413	85	and	and	CCONJ
cblr-2937	1413	86	a	a	DET
cblr-2937	1413	87	more	more	ADJ
cblr-2937	1413	88	than	than	ADP
cblr-2937	1413	89	five	five	NUM
cblr-2937	1413	90	-	-	ADJ
cblr-2937	1413	91	fold	fold	ADJ
cblr-2937	1413	92	increase	increase	NOUN
cblr-2937	1413	93	from	from	ADP
cblr-2937	1413	94	the	the	DET
cblr-2937	1413	95	historical	historical	ADJ
cblr-2937	1413	96	average	average	NOUN
cblr-2937	1413	97	of	of	ADP
cblr-2937	1413	98	0.11	0.11	NUM
cblr-2937	1413	99	%	%	NOUN
cblr-2937	1413	100	.	.	PUNCT
cblr-2937	1413	101	"	"	PUNCT
cblr-2937	1413	102	)	)	PUNCT
cblr-2937	1413	103	.	.	PUNCT
cblr-2937	1414	1	moody	moody	PROPN
cblr-2937	1414	2	's	's	PART
cblr-2937	1414	3	reports	report	NOUN
cblr-2937	1414	4	that	that	SCONJ
cblr-2937	1414	5	poor	poor	ADJ
cblr-2937	1414	6	performance	performance	NOUN
cblr-2937	1414	7	was	be	AUX
cblr-2937	1414	8	concentrated	concentrate	VERB
cblr-2937	1414	9	in	in	ADP
cblr-2937	1414	10	a	a	DET
cblr-2937	1414	11	few	few	ADJ
cblr-2937	1414	12	segments	segment	NOUN
cblr-2937	1414	13	,	,	PUNCT
cblr-2937	1414	14	attributing	attribute	VERB
cblr-2937	1414	15	the	the	DET
cblr-2937	1414	16	drop	drop	NOUN
cblr-2937	1414	17	in	in	ADP
cblr-2937	1414	18	the	the	DET
cblr-2937	1414	19	accuracy	accuracy	NOUN
cblr-2937	1414	20	ratio	ratio	NOUN
cblr-2937	1414	21	to	to	ADP
cblr-2937	1414	22	an	an	DET
cblr-2937	1414	23	"	"	PUNCT
cblr-2937	1414	24	increase	increase	NOUN
cblr-2937	1414	25	in	in	ADP
cblr-2937	1414	26	the	the	DET
cblr-2937	1414	27	number	number	NOUN
cblr-2937	1414	28	of	of	ADP
cblr-2937	1414	29	material	material	NOUN
cblr-2937	1414	30	impairments	impairment	NOUN
cblr-2937	1414	31	in	in	ADP
cblr-2937	1414	32	the	the	DET
cblr-2937	1414	33	us	us	PROPN
cblr-2937	1414	34	hel	hel	PROPN
cblr-2937	1414	35	[	[	X
cblr-2937	1414	36	home	home	NOUN
cblr-2937	1414	37	equity	equity	NOUN
cblr-2937	1414	38	loan	loan	NOUN
cblr-2937	1414	39	]	]	PUNCT
cblr-2937	1414	40	sector	sector	NOUN
cblr-2937	1414	41	,	,	PUNCT
cblr-2937	1414	42	composed	compose	VERB
cblr-2937	1414	43	mostly	mostly	ADV
cblr-2937	1414	44	of	of	ADP
cblr-2937	1414	45	securities	security	NOUN
cblr-2937	1414	46	backed	back	VERB
cblr-2937	1414	47	by	by	ADP
cblr-2937	1414	48	subprime	subprime	ADJ
cblr-2937	1414	49	mortgages	mortgage	NOUN
cblr-2937	1414	50	,	,	PUNCT
cblr-2937	1414	51	and	and	CCONJ
cblr-2937	1414	52	within	within	ADP
cblr-2937	1414	53	global	global	ADJ
cblr-2937	1414	54	cdos	cdo	NOUN
cblr-2937	1414	55	,	,	PUNCT
cblr-2937	1414	56	composed	compose	VERB
cblr-2937	1414	57	mostly	mostly	ADV
cblr-2937	1414	58	of	of	ADP
cblr-2937	1414	59	securities	security	NOUN
cblr-2937	1414	60	backed	back	VERB
cblr-2937	1414	61	by	by	ADP
cblr-2937	1414	62	a	a	DET
cblr-2937	1414	63	portfolio	portfolio	NOUN
cblr-2937	1414	64	of	of	ADP
cblr-2937	1414	65	other	other	ADJ
cblr-2937	1414	66	structured	structured	ADJ
cblr-2937	1414	67	finance	finance	NOUN
cblr-2937	1414	68	securities	security	NOUN
cblr-2937	1414	69	....	....	PUNCT
cblr-2937	1415	1	in	in	ADP
cblr-2937	1415	2	contrast	contrast	NOUN
cblr-2937	1415	3	,	,	PUNCT
cblr-2937	1415	4	the	the	DET
cblr-2937	1415	5	one	one	NUM
cblr-2937	1415	6	-	-	PUNCT
cblr-2937	1415	7	year	year	NOUN
cblr-2937	1415	8	accuracy	accuracy	NOUN
cblr-2937	1415	9	ratios	ratio	NOUN
cblr-2937	1415	10	for	for	ADP
cblr-2937	1415	11	us	we	PRON
cblr-2937	1415	12	abs	ab	VERB
cblr-2937	1415	13	other	other	ADJ
cblr-2937	1415	14	excluding	exclude	VERB
cblr-2937	1415	15	hel	hel	PROPN
cblr-2937	1415	16	,	,	PUNCT
cblr-2937	1415	17	us	us	PROPN
cblr-2937	1415	18	rmbs	rmb	NOUN
cblr-2937	1415	19	,	,	PUNCT
cblr-2937	1415	20	us	us	PROPN
cblr-2937	1415	21	cmbs	cmb	NOUN
cblr-2937	1415	22	and	and	CCONJ
cblr-2937	1415	23	international	international	ADJ
cblr-2937	1415	24	structured	structured	ADJ
cblr-2937	1415	25	finance	finance	NOUN
cblr-2937	1415	26	excluding	exclude	VERB
cblr-2937	1415	27	cdos	cdo	NOUN
cblr-2937	1415	28	and	and	CCONJ
cblr-2937	1415	29	other	other	ADJ
cblr-2937	1415	30	sf	sf	NOUN
cblr-2937	1415	31	were	be	AUX
cblr-2937	1415	32	essentially	essentially	ADV
cblr-2937	1415	33	unchanged	unchanged	ADJ
cblr-2937	1415	34	from	from	ADP
cblr-2937	1415	35	their	their	PRON
cblr-2937	1415	36	six	six	NUM
cblr-2937	1415	37	months	month	NOUN
cblr-2937	1415	38	prior	prior	ADJ
cblr-2937	1415	39	levels	level	NOUN
cblr-2937	1415	40	and	and	CCONJ
cblr-2937	1415	41	were	be	AUX
cblr-2937	1415	42	all	all	PRON
cblr-2937	1415	43	above	above	ADP
cblr-2937	1415	44	93	93	NUM
cblr-2937	1415	45	%	%	NOUN
cblr-2937	1415	46	.	.	PUNCT
cblr-2937	1415	47	"	"	PUNCT
cblr-2937	1416	1	i	i	PRON
cblr-2937	1416	2	d.	d.	PROPN
cblr-2937	1416	3	at	at	ADP
cblr-2937	1416	4	4	4	NUM
cblr-2937	1416	5	.	.	PUNCT
cblr-2937	1416	6	to	to	ADP
cblr-2937	1416	7	the	the	DET
cblr-2937	1416	8	best	good	ADJ
cblr-2937	1416	9	of	of	ADP
cblr-2937	1416	10	the	the	DET
cblr-2937	1416	11	author	author	NOUN
cblr-2937	1416	12	's	's	PART
cblr-2937	1416	13	knowledge	knowledge	NOUN
cblr-2937	1416	14	,	,	PUNCT
cblr-2937	1416	15	fitch	fitch	NOUN
cblr-2937	1416	16	and	and	CCONJ
cblr-2937	1416	17	s&p	s&p	PROPN
cblr-2937	1416	18	have	have	AUX
cblr-2937	1416	19	not	not	PART
cblr-2937	1416	20	published	publish	VERB
cblr-2937	1416	21	comparable	comparable	ADJ
cblr-2937	1416	22	statistics	statistic	NOUN
cblr-2937	1416	23	for	for	ADP
cblr-2937	1416	24	no	no	NOUN
cblr-2937	1416	25	.	.	NOUN
cblr-2937	1417	1	1	1	NUM
cblr-2937	1417	2	:	:	SYM
cblr-2937	1417	3	109	109	NUM
cblr-2937	1417	4	]	]	SYM
cblr-2937	1417	5	2	2	X
cblr-2937	1417	6	.	.	X
cblr-2937	1418	1	setting	set	VERB
cblr-2937	1418	2	the	the	DET
cblr-2937	1418	3	minimum	minimum	ADJ
cblr-2937	1418	4	quality	quality	NOUN
cblr-2937	1418	5	setting	set	VERB
cblr-2937	1418	6	the	the	DET
cblr-2937	1418	7	actual	actual	ADJ
cblr-2937	1418	8	level	level	NOUN
cblr-2937	1418	9	of	of	ADP
cblr-2937	1418	10	quality	quality	NOUN
cblr-2937	1418	11	that	that	PRON
cblr-2937	1418	12	triggers	trigger	VERB
cblr-2937	1418	13	the	the	DET
cblr-2937	1418	14	"	"	PUNCT
cblr-2937	1418	15	disclose	disclose	VERB
cblr-2937	1418	16	or	or	CCONJ
cblr-2937	1418	17	disgorge	disgorge	VERB
cblr-2937	1418	18	"	"	PUNCT
cblr-2937	1418	19	standard	standard	NOUN
cblr-2937	1418	20	is	be	AUX
cblr-2937	1418	21	a	a	DET
cblr-2937	1418	22	challenge	challenge	NOUN
cblr-2937	1418	23	in	in	ADP
cblr-2937	1418	24	implementing	implement	VERB
cblr-2937	1418	25	the	the	DET
cblr-2937	1418	26	proposal	proposal	NOUN
cblr-2937	1418	27	advanced	advance	VERB
cblr-2937	1418	28	here	here	ADV
cblr-2937	1418	29	,	,	PUNCT
cblr-2937	1418	30	at	at	ADP
cblr-2937	1418	31	least	least	ADJ
cblr-2937	1418	32	if	if	SCONJ
cblr-2937	1418	33	the	the	DET
cblr-2937	1418	34	regulator	regulator	NOUN
cblr-2937	1418	35	is	be	AUX
cblr-2937	1418	36	going	go	VERB
cblr-2937	1418	37	to	to	PART
cblr-2937	1418	38	set	set	VERB
cblr-2937	1418	39	the	the	DET
cblr-2937	1418	40	level.297	level.297	PROPN
cblr-2937	1418	41	one	one	NUM
cblr-2937	1418	42	issue	issue	NOUN
cblr-2937	1418	43	is	be	AUX
cblr-2937	1418	44	that	that	SCONJ
cblr-2937	1418	45	for	for	ADP
cblr-2937	1418	46	ratings	rating	NOUN
cblr-2937	1418	47	of	of	ADP
cblr-2937	1418	48	a	a	DET
cblr-2937	1418	49	given	give	VERB
cblr-2937	1418	50	quality	quality	NOUN
cblr-2937	1418	51	level	level	NOUN
cblr-2937	1418	52	,	,	PUNCT
cblr-2937	1418	53	reliance	reliance	NOUN
cblr-2937	1418	54	by	by	ADP
cblr-2937	1418	55	certain	certain	ADJ
cblr-2937	1418	56	investors	investor	NOUN
cblr-2937	1418	57	(	(	PUNCT
cblr-2937	1418	58	those	those	PRON
cblr-2937	1418	59	who	who	PRON
cblr-2937	1418	60	are	be	AUX
cblr-2937	1418	61	poor	poor	ADJ
cblr-2937	1418	62	at	at	ADP
cblr-2937	1418	63	choosing	choose	VERB
cblr-2937	1418	64	investments	investment	NOUN
cblr-2937	1418	65	without	without	ADP
cblr-2937	1418	66	ratings	rating	NOUN
cblr-2937	1418	67	)	)	PUNCT
cblr-2937	1418	68	may	may	AUX
cblr-2937	1418	69	increase	increase	VERB
cblr-2937	1418	70	social	social	ADJ
cblr-2937	1418	71	welfare	welfare	NOUN
cblr-2937	1418	72	,	,	PUNCT
cblr-2937	1418	73	while	while	SCONJ
cblr-2937	1418	74	reliance	reliance	NOUN
cblr-2937	1418	75	by	by	ADP
cblr-2937	1418	76	other	other	ADJ
cblr-2937	1418	77	investors	investor	NOUN
cblr-2937	1418	78	(	(	PUNCT
cblr-2937	1418	79	those	those	PRON
cblr-2937	1418	80	who	who	PRON
cblr-2937	1418	81	are	be	AUX
cblr-2937	1418	82	good	good	ADJ
cblr-2937	1418	83	at	at	ADP
cblr-2937	1418	84	choosing	choose	VERB
cblr-2937	1418	85	investments	investment	NOUN
cblr-2937	1418	86	without	without	ADP
cblr-2937	1418	87	ratings	rating	NOUN
cblr-2937	1418	88	)	)	PUNCT
cblr-2937	1418	89	decreases	decrease	VERB
cblr-2937	1418	90	welfare.29	welfare.29	NOUN
cblr-2937	1418	91	assuming	assume	VERB
cblr-2937	1418	92	a	a	DET
cblr-2937	1418	93	two	two	NUM
cblr-2937	1418	94	-	-	PUNCT
cblr-2937	1418	95	category	category	NOUN
cblr-2937	1418	96	system	system	NOUN
cblr-2937	1418	97	,	,	PUNCT
cblr-2937	1418	98	if	if	SCONJ
cblr-2937	1418	99	the	the	DET
cblr-2937	1418	100	dividing	dividing	NOUN
cblr-2937	1418	101	line	line	NOUN
cblr-2937	1418	102	between	between	ADP
cblr-2937	1418	103	highand	highand	ADJ
cblr-2937	1418	104	low	low	ADJ
cblr-2937	1418	105	-	-	PUNCT
cblr-2937	1418	106	quality	quality	NOUN
cblr-2937	1418	107	ratings	rating	NOUN
cblr-2937	1418	108	is	be	AUX
cblr-2937	1418	109	set	set	VERB
cblr-2937	1418	110	too	too	ADV
cblr-2937	1418	111	high	high	ADJ
cblr-2937	1418	112	,	,	PUNCT
cblr-2937	1418	113	then	then	ADV
cblr-2937	1418	114	too	too	ADV
cblr-2937	1418	115	many	many	ADJ
cblr-2937	1418	116	ratings	rating	NOUN
cblr-2937	1418	117	will	will	AUX
cblr-2937	1418	118	be	be	AUX
cblr-2937	1418	119	branded	brand	VERB
cblr-2937	1418	120	low	low	ADJ
cblr-2937	1418	121	-	-	PUNCT
cblr-2937	1418	122	quality	quality	NOUN
cblr-2937	1418	123	(	(	PUNCT
cblr-2937	1418	124	or	or	CCONJ
cblr-2937	1418	125	withheld	withhold	VERB
cblr-2937	1418	126	)	)	PUNCT
cblr-2937	1418	127	and	and	CCONJ
cblr-2937	1418	128	investors	investor	NOUN
cblr-2937	1418	129	will	will	AUX
cblr-2937	1418	130	not	not	PART
cblr-2937	1418	131	rely	rely	VERB
cblr-2937	1418	132	enough	enough	ADV
cblr-2937	1418	133	on	on	ADP
cblr-2937	1418	134	ratings	rating	NOUN
cblr-2937	1418	135	.	.	PUNCT
cblr-2937	1419	1	if	if	SCONJ
cblr-2937	1419	2	the	the	DET
cblr-2937	1419	3	dividing	dividing	NOUN
cblr-2937	1419	4	line	line	NOUN
cblr-2937	1419	5	is	be	AUX
cblr-2937	1419	6	set	set	VERB
cblr-2937	1419	7	too	too	ADV
cblr-2937	1419	8	low	low	ADJ
cblr-2937	1419	9	,	,	PUNCT
cblr-2937	1419	10	then	then	ADV
cblr-2937	1419	11	too	too	ADV
cblr-2937	1419	12	few	few	ADJ
cblr-2937	1419	13	ratings	rating	NOUN
cblr-2937	1419	14	will	will	AUX
cblr-2937	1419	15	be	be	AUX
cblr-2937	1419	16	disclosed	disclose	VERB
cblr-2937	1419	17	as	as	ADP
cblr-2937	1419	18	low	low	ADJ
cblr-2937	1419	19	-	-	PUNCT
cblr-2937	1419	20	quality	quality	NOUN
cblr-2937	1419	21	and	and	CCONJ
cblr-2937	1419	22	investors	investor	NOUN
cblr-2937	1419	23	will	will	AUX
cblr-2937	1419	24	rely	rely	VERB
cblr-2937	1419	25	excessively	excessively	ADV
cblr-2937	1419	26	.	.	PUNCT
cblr-2937	1420	1	ideally	ideally	ADV
cblr-2937	1420	2	,	,	PUNCT
cblr-2937	1420	3	the	the	DET
cblr-2937	1420	4	quality	quality	NOUN
cblr-2937	1420	5	level	level	NOUN
cblr-2937	1420	6	that	that	PRON
cblr-2937	1420	7	triggers	trigger	VERB
cblr-2937	1420	8	the	the	DET
cblr-2937	1420	9	"	"	PUNCT
cblr-2937	1420	10	disclose	disclose	VERB
cblr-2937	1420	11	or	or	CCONJ
cblr-2937	1420	12	disgorge	disgorge	VERB
cblr-2937	1420	13	"	"	PUNCT
cblr-2937	1420	14	requirement	requirement	NOUN
cblr-2937	1420	15	in	in	ADP
cblr-2937	1420	16	a	a	DET
cblr-2937	1420	17	two	two	NUM
cblr-2937	1420	18	-	-	PUNCT
cblr-2937	1420	19	category	category	NOUN
cblr-2937	1420	20	system	system	NOUN
cblr-2937	1420	21	would	would	AUX
cblr-2937	1420	22	balance	balance	VERB
cblr-2937	1420	23	these	these	DET
cblr-2937	1420	24	considerations	consideration	NOUN
cblr-2937	1420	25	.	.	PUNCT
cblr-2937	1421	1	the	the	DET
cblr-2937	1421	2	line	line	NOUN
cblr-2937	1421	3	-	-	PUNCT
cblr-2937	1421	4	drawing	draw	VERB
cblr-2937	1421	5	exercise	exercise	NOUN
cblr-2937	1421	6	of	of	ADP
cblr-2937	1421	7	determining	determine	VERB
cblr-2937	1421	8	the	the	DET
cblr-2937	1421	9	specific	specific	ADJ
cblr-2937	1421	10	quality	quality	NOUN
cblr-2937	1421	11	level	level	NOUN
cblr-2937	1421	12	to	to	PART
cblr-2937	1421	13	which	which	PRON
cblr-2937	1421	14	agencies	agency	NOUN
cblr-2937	1421	15	should	should	AUX
cblr-2937	1421	16	be	be	AUX
cblr-2937	1421	17	held	hold	VERB
cblr-2937	1421	18	can	can	AUX
cblr-2937	1421	19	be	be	AUX
cblr-2937	1421	20	performed	perform	VERB
cblr-2937	1421	21	in	in	ADP
cblr-2937	1421	22	theory	theory	NOUN
cblr-2937	1421	23	.	.	PUNCT
cblr-2937	1422	1	for	for	ADP
cblr-2937	1422	2	example	example	NOUN
cblr-2937	1422	3	,	,	PUNCT
cblr-2937	1422	4	given	give	VERB
cblr-2937	1422	5	assumptions	assumption	NOUN
cblr-2937	1422	6	about	about	ADP
cblr-2937	1422	7	the	the	DET
cblr-2937	1422	8	social	social	ADJ
cblr-2937	1422	9	benefits	benefit	NOUN
cblr-2937	1422	10	of	of	ADP
cblr-2937	1422	11	"	"	PUNCT
cblr-2937	1422	12	good	good	ADJ
cblr-2937	1422	13	"	"	PUNCT
cblr-2937	1422	14	investments	investment	NOUN
cblr-2937	1422	15	,	,	PUNCT
cblr-2937	1422	16	the	the	DET
cblr-2937	1422	17	social	social	ADJ
cblr-2937	1422	18	costs	cost	NOUN
cblr-2937	1422	19	of	of	ADP
cblr-2937	1422	20	"	"	PUNCT
cblr-2937	1422	21	bad	bad	ADJ
cblr-2937	1422	22	"	"	PUNCT
cblr-2937	1422	23	investments	investment	NOUN
cblr-2937	1422	24	,	,	PUNCT
cblr-2937	1422	25	the	the	DET
cblr-2937	1422	26	proportion	proportion	NOUN
cblr-2937	1422	27	of	of	ADP
cblr-2937	1422	28	good	good	ADJ
cblr-2937	1422	29	and	and	CCONJ
cblr-2937	1422	30	bad	bad	ADJ
cblr-2937	1422	31	investments	investment	NOUN
cblr-2937	1422	32	in	in	ADP
cblr-2937	1422	33	the	the	DET
cblr-2937	1422	34	universe	universe	NOUN
cblr-2937	1422	35	,	,	PUNCT
cblr-2937	1422	36	and	and	CCONJ
cblr-2937	1422	37	investors	investor	NOUN
cblr-2937	1422	38	'	'	PART
cblr-2937	1422	39	ability	ability	NOUN
cblr-2937	1422	40	to	to	PART
cblr-2937	1422	41	distinguish	distinguish	VERB
cblr-2937	1422	42	between	between	ADP
cblr-2937	1422	43	the	the	DET
cblr-2937	1422	44	two	two	NUM
cblr-2937	1422	45	without	without	ADP
cblr-2937	1422	46	ratings	rating	NOUN
cblr-2937	1422	47	,	,	PUNCT
cblr-2937	1422	48	the	the	DET
cblr-2937	1422	49	"	"	PUNCT
cblr-2937	1422	50	right	right	ADJ
cblr-2937	1422	51	"	"	PUNCT
cblr-2937	1422	52	minimum	minimum	ADJ
cblr-2937	1422	53	level	level	NOUN
cblr-2937	1422	54	of	of	ADP
cblr-2937	1422	55	rating	rating	NOUN
cblr-2937	1422	56	quality	quality	NOUN
cblr-2937	1422	57	can	can	AUX
cblr-2937	1422	58	be	be	AUX
cblr-2937	1422	59	determined	determine	VERB
cblr-2937	1422	60	.	.	PUNCT
cblr-2937	1423	1	such	such	DET
cblr-2937	1423	2	an	an	DET
cblr-2937	1423	3	structured	structured	ADJ
cblr-2937	1423	4	finance	finance	NOUN
cblr-2937	1423	5	broken	break	VERB
cblr-2937	1423	6	down	down	ADP
cblr-2937	1423	7	by	by	ADP
cblr-2937	1423	8	type	type	NOUN
cblr-2937	1423	9	of	of	ADP
cblr-2937	1423	10	instrument	instrument	NOUN
cblr-2937	1423	11	since	since	SCONJ
cblr-2937	1423	12	the	the	DET
cblr-2937	1423	13	beginning	beginning	NOUN
cblr-2937	1423	14	of	of	ADP
cblr-2937	1423	15	the	the	DET
cblr-2937	1423	16	crisis	crisis	NOUN
cblr-2937	1423	17	,	,	PUNCT
cblr-2937	1423	18	although	although	SCONJ
cblr-2937	1423	19	fitch	fitch	PROPN
cblr-2937	1423	20	's	's	PART
cblr-2937	1423	21	overall	overall	ADJ
cblr-2937	1423	22	accuracy	accuracy	NOUN
cblr-2937	1423	23	ratio	ratio	NOUN
cblr-2937	1423	24	for	for	ADP
cblr-2937	1423	25	structured	structured	ADJ
cblr-2937	1423	26	products	product	NOUN
cblr-2937	1423	27	appears	appear	VERB
cblr-2937	1423	28	higher	high	ADJ
cblr-2937	1423	29	than	than	ADP
cblr-2937	1423	30	moody	moody	NOUN
cblr-2937	1423	31	's	's	PART
cblr-2937	1423	32	.	.	PUNCT
cblr-2937	1423	33	see	see	VERB
cblr-2937	1423	34	fitch	fitch	NOUN
cblr-2937	1423	35	ratings	rating	NOUN
cblr-2937	1423	36	,	,	PUNCT
cblr-2937	1423	37	supra	supra	PROPN
cblr-2937	1423	38	note	note	PROPN
cblr-2937	1423	39	291	291	NUM
cblr-2937	1423	40	,	,	PUNCT
cblr-2937	1423	41	at	at	ADP
cblr-2937	1423	42	14	14	NUM
cblr-2937	1423	43	(	(	PUNCT
cblr-2937	1423	44	one	one	NUM
cblr-2937	1423	45	-	-	PUNCT
cblr-2937	1423	46	year	year	NOUN
cblr-2937	1423	47	accuracy	accuracy	NOUN
cblr-2937	1423	48	ratio	ratio	NOUN
cblr-2937	1423	49	of	of	ADP
cblr-2937	1423	50	0.86	0.86	NUM
cblr-2937	1423	51	across	across	ADP
cblr-2937	1423	52	all	all	DET
cblr-2937	1423	53	structured	structured	ADJ
cblr-2937	1423	54	finance	finance	NOUN
cblr-2937	1423	55	segments	segment	NOUN
cblr-2937	1423	56	)	)	PUNCT
cblr-2937	1423	57	.	.	PUNCT
cblr-2937	1424	1	given	give	VERB
cblr-2937	1424	2	the	the	DET
cblr-2937	1424	3	heterogeneity	heterogeneity	NOUN
cblr-2937	1424	4	of	of	ADP
cblr-2937	1424	5	performance	performance	NOUN
cblr-2937	1424	6	across	across	ADP
cblr-2937	1424	7	sectors	sector	NOUN
cblr-2937	1424	8	,	,	PUNCT
cblr-2937	1424	9	the	the	DET
cblr-2937	1424	10	difference	difference	NOUN
cblr-2937	1424	11	may	may	AUX
cblr-2937	1424	12	be	be	AUX
cblr-2937	1424	13	explained	explain	VERB
cblr-2937	1424	14	at	at	ADP
cblr-2937	1424	15	least	least	ADJ
cblr-2937	1424	16	in	in	ADP
cblr-2937	1424	17	part	part	NOUN
cblr-2937	1424	18	by	by	ADP
cblr-2937	1424	19	a	a	DET
cblr-2937	1424	20	difference	difference	NOUN
cblr-2937	1424	21	in	in	ADP
cblr-2937	1424	22	product	product	NOUN
cblr-2937	1424	23	mix	mix	NOUN
cblr-2937	1424	24	.	.	PUNCT
cblr-2937	1424	25	297	297	NUM
cblr-2937	1424	26	as	as	ADP
cblr-2937	1424	27	described	describe	VERB
cblr-2937	1424	28	infra	infra	NOUN
cblr-2937	1424	29	,	,	PUNCT
cblr-2937	1424	30	at	at	ADP
cblr-2937	1424	31	part	part	NOUN
cblr-2937	1424	32	v.e.2.c	v.e.2.c	NOUN
cblr-2937	1424	33	,	,	PUNCT
cblr-2937	1424	34	it	it	PRON
cblr-2937	1424	35	may	may	AUX
cblr-2937	1424	36	be	be	AUX
cblr-2937	1424	37	feasible	feasible	ADJ
cblr-2937	1424	38	to	to	PART
cblr-2937	1424	39	use	use	VERB
cblr-2937	1424	40	a	a	DET
cblr-2937	1424	41	market	market	NOUN
cblr-2937	1424	42	-	-	PUNCT
cblr-2937	1424	43	based	base	VERB
cblr-2937	1424	44	standard	standard	NOUN
cblr-2937	1424	45	.	.	PUNCT
cblr-2937	1425	1	298	298	NUM
cblr-2937	1425	2	recall	recall	NOUN
cblr-2937	1425	3	that	that	SCONJ
cblr-2937	1425	4	investors	investor	NOUN
cblr-2937	1425	5	may	may	AUX
cblr-2937	1425	6	rely	rely	VERB
cblr-2937	1425	7	on	on	ADP
cblr-2937	1425	8	poor	poor	ADJ
cblr-2937	1425	9	-	-	PUNCT
cblr-2937	1425	10	quality	quality	NOUN
cblr-2937	1425	11	ratings	rating	NOUN
cblr-2937	1425	12	rationally	rationally	ADV
cblr-2937	1425	13	because	because	SCONJ
cblr-2937	1425	14	they	they	PRON
cblr-2937	1425	15	do	do	AUX
cblr-2937	1425	16	not	not	PART
cblr-2937	1425	17	know	know	VERB
cblr-2937	1425	18	the	the	DET
cblr-2937	1425	19	quality	quality	NOUN
cblr-2937	1425	20	of	of	ADP
cblr-2937	1425	21	the	the	DET
cblr-2937	1425	22	ratings	rating	NOUN
cblr-2937	1425	23	in	in	ADP
cblr-2937	1425	24	advance	advance	NOUN
cblr-2937	1425	25	.	.	PUNCT
cblr-2937	1426	1	as	as	SCONJ
cblr-2937	1426	2	shown	show	VERB
cblr-2937	1426	3	above	above	ADP
cblr-2937	1426	4	,	,	PUNCT
cblr-2937	1426	5	this	this	DET
cblr-2937	1426	6	situation	situation	NOUN
cblr-2937	1426	7	can	can	AUX
cblr-2937	1426	8	exist	exist	VERB
cblr-2937	1426	9	in	in	ADP
cblr-2937	1426	10	equilibrium	equilibrium	NOUN
cblr-2937	1426	11	if	if	SCONJ
cblr-2937	1426	12	the	the	DET
cblr-2937	1426	13	average	average	ADJ
cblr-2937	1426	14	quality	quality	NOUN
cblr-2937	1426	15	of	of	ADP
cblr-2937	1426	16	ratings	rating	NOUN
cblr-2937	1426	17	is	be	AUX
cblr-2937	1426	18	high	high	ADJ
cblr-2937	1426	19	enough	enough	ADV
cblr-2937	1426	20	.	.	PUNCT
cblr-2937	1427	1	col	col	PROPN
cblr-2937	1427	2	umbia	umbia	PROPN
cblr-2937	1427	3	b	b	PROPN
cblr-2937	1427	4	usiness	usiness	PROPN
cblr-2937	1427	5	la	la	PROPN
cblr-2937	1427	6	w	w	PROPN
cblr-2937	1427	7	re	re	PROPN
cblr-2937	1427	8	vie	vie	PROPN
cblr-2937	1427	9	w	w	PROPN
cblr-2937	1428	1	[	[	X
cblr-2937	1428	2	vol	vol	NOUN
cblr-2937	1428	3	.	.	X
cblr-2937	1428	4	2009	2009	NUM
cblr-2937	1428	5	approach	approach	NOUN
cblr-2937	1428	6	requires	require	VERB
cblr-2937	1428	7	information	information	NOUN
cblr-2937	1428	8	that	that	PRON
cblr-2937	1428	9	may	may	AUX
cblr-2937	1428	10	not	not	PART
cblr-2937	1428	11	be	be	AUX
cblr-2937	1428	12	available	available	ADJ
cblr-2937	1428	13	for	for	ADP
cblr-2937	1428	14	which	which	PRON
cblr-2937	1428	15	it	it	PRON
cblr-2937	1428	16	may	may	AUX
cblr-2937	1428	17	be	be	AUX
cblr-2937	1428	18	difficult	difficult	ADJ
cblr-2937	1428	19	to	to	PART
cblr-2937	1428	20	find	find	VERB
cblr-2937	1428	21	easily	easily	ADV
cblr-2937	1428	22	estimated	estimate	VERB
cblr-2937	1428	23	proxies	proxy	NOUN
cblr-2937	1428	24	.	.	PUNCT
cblr-2937	1429	1	a	a	DET
cblr-2937	1429	2	practical	practical	ADJ
cblr-2937	1429	3	alternative	alternative	NOUN
cblr-2937	1429	4	would	would	AUX
cblr-2937	1429	5	be	be	AUX
cblr-2937	1429	6	to	to	PART
cblr-2937	1429	7	key	key	VERB
cblr-2937	1429	8	the	the	DET
cblr-2937	1429	9	minimum	minimum	ADJ
cblr-2937	1429	10	quality	quality	NOUN
cblr-2937	1429	11	level	level	NOUN
cblr-2937	1429	12	to	to	ADP
cblr-2937	1429	13	the	the	DET
cblr-2937	1429	14	quality	quality	NOUN
cblr-2937	1429	15	of	of	ADP
cblr-2937	1429	16	traditional	traditional	ADJ
cblr-2937	1429	17	bond	bond	NOUN
cblr-2937	1429	18	ratings	rating	NOUN
cblr-2937	1429	19	.	.	PUNCT
cblr-2937	1430	1	this	this	DET
cblr-2937	1430	2	quality	quality	NOUN
cblr-2937	1430	3	level	level	NOUN
cblr-2937	1430	4	provides	provide	VERB
cblr-2937	1430	5	a	a	DET
cblr-2937	1430	6	familiar	familiar	ADJ
cblr-2937	1430	7	benchmark	benchmark	NOUN
cblr-2937	1430	8	to	to	ADP
cblr-2937	1430	9	market	market	NOUN
cblr-2937	1430	10	participants	participant	NOUN
cblr-2937	1430	11	,	,	PUNCT
cblr-2937	1430	12	as	as	SCONJ
cblr-2937	1430	13	traditional	traditional	ADJ
cblr-2937	1430	14	bond	bond	NOUN
cblr-2937	1430	15	ratings	rating	NOUN
cblr-2937	1430	16	have	have	VERB
cblr-2937	1430	17	a	a	DET
cblr-2937	1430	18	decades	decade	NOUN
cblr-2937	1430	19	-	-	PUNCT
cblr-2937	1430	20	long	long	ADJ
cblr-2937	1430	21	performance	performance	NOUN
cblr-2937	1430	22	record	record	NOUN
cblr-2937	1430	23	.	.	PUNCT
cblr-2937	1431	1	it	it	PRON
cblr-2937	1431	2	seems	seem	VERB
cblr-2937	1431	3	likely	likely	ADJ
cblr-2937	1431	4	that	that	SCONJ
cblr-2937	1431	5	ratings	rating	NOUN
cblr-2937	1431	6	that	that	PRON
cblr-2937	1431	7	meet	meet	VERB
cblr-2937	1431	8	this	this	DET
cblr-2937	1431	9	standard	standard	NOUN
cblr-2937	1431	10	are	be	AUX
cblr-2937	1431	11	of	of	ADP
cblr-2937	1431	12	high	high	ADJ
cblr-2937	1431	13	quality	quality	NOUN
cblr-2937	1431	14	.	.	PUNCT
cblr-2937	1432	1	this	this	DET
cblr-2937	1432	2	standard	standard	NOUN
cblr-2937	1432	3	may	may	AUX
cblr-2937	1432	4	be	be	AUX
cblr-2937	1432	5	too	too	ADV
cblr-2937	1432	6	high	high	ADJ
cblr-2937	1432	7	,	,	PUNCT
cblr-2937	1432	8	however	however	ADV
cblr-2937	1432	9	.	.	PUNCT
cblr-2937	1433	1	one	one	PRON
cblr-2937	1433	2	might	might	AUX
cblr-2937	1433	3	imagine	imagine	VERB
cblr-2937	1433	4	that	that	SCONJ
cblr-2937	1433	5	novel	novel	NOUN
cblr-2937	1433	6	-	-	PUNCT
cblr-2937	1433	7	product	product	NOUN
cblr-2937	1433	8	ratings	rating	NOUN
cblr-2937	1433	9	could	could	AUX
cblr-2937	1433	10	be	be	AUX
cblr-2937	1433	11	of	of	ADP
cblr-2937	1433	12	somewhat	somewhat	ADV
cblr-2937	1433	13	lower	low	ADJ
cblr-2937	1433	14	quality	quality	NOUN
cblr-2937	1433	15	than	than	ADP
cblr-2937	1433	16	traditional	traditional	ADJ
cblr-2937	1433	17	ratings	rating	NOUN
cblr-2937	1433	18	and	and	CCONJ
cblr-2937	1433	19	could	could	AUX
cblr-2937	1433	20	still	still	ADV
cblr-2937	1433	21	be	be	AUX
cblr-2937	1433	22	useful	useful	ADJ
cblr-2937	1433	23	.	.	PUNCT
cblr-2937	1434	1	another	another	DET
cblr-2937	1434	2	possibility	possibility	NOUN
cblr-2937	1434	3	would	would	AUX
cblr-2937	1434	4	be	be	AUX
cblr-2937	1434	5	to	to	PART
cblr-2937	1434	6	use	use	VERB
cblr-2937	1434	7	market	market	NOUN
cblr-2937	1434	8	experience	experience	NOUN
cblr-2937	1434	9	to	to	PART
cblr-2937	1434	10	provide	provide	VERB
cblr-2937	1434	11	bounds	bound	NOUN
cblr-2937	1434	12	for	for	ADP
cblr-2937	1434	13	the	the	DET
cblr-2937	1434	14	appropriate	appropriate	ADJ
cblr-2937	1434	15	minimum	minimum	ADJ
cblr-2937	1434	16	quality	quality	NOUN
cblr-2937	1434	17	level	level	NOUN
cblr-2937	1434	18	.	.	PUNCT
cblr-2937	1435	1	if	if	SCONJ
cblr-2937	1435	2	investors	investor	NOUN
cblr-2937	1435	3	'	'	PART
cblr-2937	1435	4	disappointment	disappointment	NOUN
cblr-2937	1435	5	in	in	ADP
cblr-2937	1435	6	the	the	DET
cblr-2937	1435	7	quality	quality	NOUN
cblr-2937	1435	8	of	of	ADP
cblr-2937	1435	9	novel	novel	NOUN
cblr-2937	1435	10	-	-	PUNCT
cblr-2937	1435	11	product	product	NOUN
cblr-2937	1435	12	ratings	rating	NOUN
cblr-2937	1435	13	in	in	ADP
cblr-2937	1435	14	fact	fact	NOUN
cblr-2937	1435	15	caused	cause	VERB
cblr-2937	1435	16	the	the	DET
cblr-2937	1435	17	markets	market	NOUN
cblr-2937	1435	18	for	for	ADP
cblr-2937	1435	19	novel	novel	ADJ
cblr-2937	1435	20	products	product	NOUN
cblr-2937	1435	21	to	to	PART
cblr-2937	1435	22	collapse	collapse	VERB
cblr-2937	1435	23	,	,	PUNCT
cblr-2937	1435	24	as	as	SCONJ
cblr-2937	1435	25	has	have	AUX
cblr-2937	1435	26	been	be	AUX
cblr-2937	1435	27	reported,299	reported,299	NOUN
cblr-2937	1435	28	this	this	PRON
cblr-2937	1435	29	strongly	strongly	ADV
cblr-2937	1435	30	suggests	suggest	VERB
cblr-2937	1435	31	that	that	SCONJ
cblr-2937	1435	32	these	these	DET
cblr-2937	1435	33	ratings	rating	NOUN
cblr-2937	1435	34	fell	fall	VERB
cblr-2937	1435	35	below	below	ADP
cblr-2937	1435	36	the	the	DET
cblr-2937	1435	37	appropriate	appropriate	ADJ
cblr-2937	1435	38	minimum	minimum	ADJ
cblr-2937	1435	39	quality	quality	NOUN
cblr-2937	1435	40	standard	standard	NOUN
cblr-2937	1435	41	.	.	PUNCT
cblr-2937	1436	1	if	if	SCONJ
cblr-2937	1436	2	rating	rate	VERB
cblr-2937	1436	3	quality	quality	NOUN
cblr-2937	1436	4	below	below	ADV
cblr-2937	1436	5	x	x	PUNCT
cblr-2937	1436	6	causes	cause	VERB
cblr-2937	1436	7	market	market	NOUN
cblr-2937	1436	8	collapse	collapse	NOUN
cblr-2937	1436	9	,	,	PUNCT
cblr-2937	1436	10	then	then	ADV
cblr-2937	1436	11	x	x	PUNCT
cblr-2937	1436	12	is	be	AUX
cblr-2937	1436	13	likely	likely	ADJ
cblr-2937	1436	14	a	a	DET
cblr-2937	1436	15	good	good	ADV
cblr-2937	1436	16	lower	lower	ADV
cblr-2937	1436	17	bound	bind	VERB
cblr-2937	1436	18	for	for	ADP
cblr-2937	1436	19	the	the	DET
cblr-2937	1436	20	minimum	minimum	ADJ
cblr-2937	1436	21	permissible	permissible	ADJ
cblr-2937	1436	22	rating	rating	NOUN
cblr-2937	1436	23	quality	quality	NOUN
cblr-2937	1436	24	.	.	PUNCT
cblr-2937	1437	1	this	this	PRON
cblr-2937	1437	2	suggests	suggest	VERB
cblr-2937	1437	3	that	that	SCONJ
cblr-2937	1437	4	the	the	DET
cblr-2937	1437	5	appropriate	appropriate	ADJ
cblr-2937	1437	6	dividing	dividing	NOUN
cblr-2937	1437	7	line	line	NOUN
cblr-2937	1437	8	between	between	ADP
cblr-2937	1437	9	high	high	ADJ
cblr-2937	1437	10	and	and	CCONJ
cblr-2937	1437	11	low	low	ADJ
cblr-2937	1437	12	quality	quality	NOUN
cblr-2937	1437	13	falls	fall	VERB
cblr-2937	1437	14	somewhere	somewhere	ADV
cblr-2937	1437	15	between	between	ADP
cblr-2937	1437	16	traditional	traditional	ADJ
cblr-2937	1437	17	-	-	PUNCT
cblr-2937	1437	18	product	product	NOUN
cblr-2937	1437	19	quality	quality	NOUN
cblr-2937	1437	20	and	and	CCONJ
cblr-2937	1437	21	the	the	DET
cblr-2937	1437	22	realized	realize	VERB
cblr-2937	1437	23	quality	quality	NOUN
cblr-2937	1437	24	of	of	ADP
cblr-2937	1437	25	ratings	rating	NOUN
cblr-2937	1437	26	on	on	ADP
cblr-2937	1437	27	,	,	PUNCT
cblr-2937	1437	28	say	say	INTJ
cblr-2937	1437	29	,	,	PUNCT
cblr-2937	1437	30	cpdos	cpdo	NOUN
cblr-2937	1437	31	and	and	CCONJ
cblr-2937	1437	32	subprime	subprime	NOUN
cblr-2937	1437	33	rmbs	rmb	NOUN
cblr-2937	1437	34	.	.	PUNCT
cblr-2937	1438	1	3	3	X
cblr-2937	1438	2	.	.	X
cblr-2937	1438	3	applying	apply	VERB
cblr-2937	1438	4	the	the	DET
cblr-2937	1438	5	minimum	minimum	ADJ
cblr-2937	1438	6	quality	quality	NOUN
cblr-2937	1438	7	level	level	NOUN
cblr-2937	1438	8	to	to	PART
cblr-2937	1438	9	make	make	VERB
cblr-2937	1438	10	the	the	DET
cblr-2937	1438	11	discussion	discussion	NOUN
cblr-2937	1438	12	less	less	ADV
cblr-2937	1438	13	abstract	abstract	ADJ
cblr-2937	1438	14	,	,	PUNCT
cblr-2937	1438	15	consider	consider	VERB
cblr-2937	1438	16	an	an	DET
cblr-2937	1438	17	example	example	NOUN
cblr-2937	1438	18	of	of	ADP
cblr-2937	1438	19	enforcement	enforcement	NOUN
cblr-2937	1438	20	for	for	ADP
cblr-2937	1438	21	a	a	DET
cblr-2937	1438	22	minimum	minimum	ADJ
cblr-2937	1438	23	quality	quality	NOUN
cblr-2937	1438	24	level	level	NOUN
cblr-2937	1438	25	equal	equal	ADJ
cblr-2937	1438	26	to	to	ADP
cblr-2937	1438	27	that	that	PRON
cblr-2937	1438	28	for	for	ADP
cblr-2937	1438	29	ratings	rating	NOUN
cblr-2937	1438	30	on	on	ADP
cblr-2937	1438	31	traditional	traditional	ADJ
cblr-2937	1438	32	bonds	bond	NOUN
cblr-2937	1438	33	.	.	PUNCT
cblr-2937	1439	1	with	with	ADP
cblr-2937	1439	2	respect	respect	NOUN
cblr-2937	1439	3	to	to	ADP
cblr-2937	1439	4	the	the	DET
cblr-2937	1439	5	ordinal	ordinal	ADJ
cblr-2937	1439	6	rating	rating	NOUN
cblr-2937	1439	7	quality	quality	NOUN
cblr-2937	1439	8	(	(	PUNCT
cblr-2937	1439	9	the	the	DET
cblr-2937	1439	10	accuracy	accuracy	NOUN
cblr-2937	1439	11	ratio	ratio	NOUN
cblr-2937	1439	12	)	)	PUNCT
cblr-2937	1439	13	,	,	PUNCT
cblr-2937	1439	14	a	a	DET
cblr-2937	1439	15	simple	simple	ADJ
cblr-2937	1439	16	comparison	comparison	NOUN
cblr-2937	1439	17	and	and	CCONJ
cblr-2937	1439	18	test	test	NOUN
cblr-2937	1439	19	for	for	ADP
cblr-2937	1439	20	statistically	statistically	ADV
cblr-2937	1439	21	significant	significant	ADJ
cblr-2937	1439	22	difference	difference	NOUN
cblr-2937	1439	23	can	can	AUX
cblr-2937	1439	24	be	be	AUX
cblr-2937	1439	25	employed	employ	VERB
cblr-2937	1439	26	.	.	PUNCT
cblr-2937	1440	1	the	the	DET
cblr-2937	1440	2	regulator	regulator	NOUN
cblr-2937	1440	3	would	would	AUX
cblr-2937	1440	4	create	create	VERB
cblr-2937	1440	5	a	a	DET
cblr-2937	1440	6	population	population	NOUN
cblr-2937	1440	7	of	of	ADP
cblr-2937	1440	8	products	product	NOUN
cblr-2937	1440	9	and	and	CCONJ
cblr-2937	1440	10	vintages	vintage	NOUN
cblr-2937	1440	11	of	of	ADP
cblr-2937	1440	12	high	high	ADJ
cblr-2937	1440	13	-	-	PUNCT
cblr-2937	1440	14	quality	quality	NOUN
cblr-2937	1440	15	ratings	rating	NOUN
cblr-2937	1440	16	and	and	CCONJ
cblr-2937	1440	17	get	get	VERB
cblr-2937	1440	18	the	the	DET
cblr-2937	1440	19	mean	mean	ADJ
cblr-2937	1440	20	and	and	CCONJ
cblr-2937	1440	21	standard	standard	ADJ
cblr-2937	1440	22	deviation	deviation	NOUN
cblr-2937	1440	23	of	of	ADP
cblr-2937	1440	24	accuracy	accuracy	NOUN
cblr-2937	1440	25	ratio	ratio	NOUN
cblr-2937	1440	26	for	for	ADP
cblr-2937	1440	27	this	this	DET
cblr-2937	1440	28	population	population	NOUN
cblr-2937	1440	29	.	.	PUNCT
cblr-2937	1441	1	the	the	DET
cblr-2937	1441	2	regulator	regulator	NOUN
cblr-2937	1441	3	could	could	AUX
cblr-2937	1441	4	compare	compare	VERB
cblr-2937	1441	5	the	the	PRON
cblr-2937	1441	6	.	.	PUNCT
cblr-2937	1442	1	accuracy	accuracy	NOUN
cblr-2937	1442	2	ratio	ratio	NOUN
cblr-2937	1442	3	for	for	ADP
cblr-2937	1442	4	each	each	DET
cblr-2937	1442	5	novel	novel	ADJ
cblr-2937	1442	6	product	product	NOUN
cblr-2937	1442	7	for	for	ADP
cblr-2937	1442	8	each	each	DET
cblr-2937	1442	9	time	time	NOUN
cblr-2937	1442	10	horizon	horizon	NOUN
cblr-2937	1442	11	over	over	ADP
cblr-2937	1442	12	a	a	DET
cblr-2937	1442	13	given	give	VERB
cblr-2937	1442	14	period	period	NOUN
cblr-2937	1442	15	to	to	ADP
cblr-2937	1442	16	the	the	DET
cblr-2937	1442	17	known	know	VERB
cblr-2937	1442	18	high	high	ADJ
cblr-2937	1442	19	-	-	PUNCT
cblr-2937	1442	20	quality	quality	NOUN
cblr-2937	1442	21	population	population	NOUN
cblr-2937	1442	22	and	and	CCONJ
cblr-2937	1442	23	see	see	VERB
cblr-2937	1442	24	supra	supra	PROPN
cblr-2937	1442	25	part	part	NOUN
cblr-2937	1442	26	ii.c	ii.c	VERB
cblr-2937	1442	27	.	.	PUNCT
cblr-2937	1443	1	no	no	INTJ
cblr-2937	1443	2	.	.	NOUN
cblr-2937	1444	1	1	1	NUM
cblr-2937	1444	2	:	:	SYM
cblr-2937	1444	3	1091	1091	NUM
cblr-2937	1444	4	credit	credit	NOUN
cblr-2937	1444	5	ra	ra	PROPN
cblr-2937	1444	6	ting	te	VERB
cblr-2937	1444	7	a	a	DET
cblr-2937	1444	8	gencies	gencie	NOUN
cblr-2937	1444	9	order	order	NOUN
cblr-2937	1444	10	disgorgement	disgorgement	NOUN
cblr-2937	1444	11	if	if	SCONJ
cblr-2937	1444	12	the	the	DET
cblr-2937	1444	13	accuracy	accuracy	NOUN
cblr-2937	1444	14	ratio	ratio	NOUN
cblr-2937	1444	15	for	for	ADP
cblr-2937	1444	16	the	the	DET
cblr-2937	1444	17	novel	novel	ADJ
cblr-2937	1444	18	product	product	NOUN
cblr-2937	1444	19	is	be	AUX
cblr-2937	1444	20	significantly	significantly	ADV
cblr-2937	1444	21	less	less	ADJ
cblr-2937	1444	22	than	than	ADP
cblr-2937	1444	23	the	the	DET
cblr-2937	1444	24	accuracy	accuracy	NOUN
cblr-2937	1444	25	ratio	ratio	NOUN
cblr-2937	1444	26	for	for	ADP
cblr-2937	1444	27	the	the	DET
cblr-2937	1444	28	known	know	VERB
cblr-2937	1444	29	high	high	ADJ
cblr-2937	1444	30	-	-	PUNCT
cblr-2937	1444	31	quality	quality	NOUN
cblr-2937	1444	32	ratings	rating	NOUN
cblr-2937	1444	33	.	.	PUNCT
cblr-2937	1445	1	with	with	ADP
cblr-2937	1445	2	respect	respect	NOUN
cblr-2937	1445	3	to	to	ADP
cblr-2937	1445	4	the	the	DET
cblr-2937	1445	5	comparability	comparability	NOUN
cblr-2937	1445	6	of	of	ADP
cblr-2937	1445	7	ratings	rating	NOUN
cblr-2937	1445	8	across	across	ADP
cblr-2937	1445	9	product	product	NOUN
cblr-2937	1445	10	classes	class	NOUN
cblr-2937	1445	11	,	,	PUNCT
cblr-2937	1445	12	the	the	DET
cblr-2937	1445	13	fact	fact	NOUN
cblr-2937	1445	14	that	that	SCONJ
cblr-2937	1445	15	the	the	DET
cblr-2937	1445	16	agencies	agency	NOUN
cblr-2937	1445	17	assert	assert	VERB
cblr-2937	1445	18	that	that	SCONJ
cblr-2937	1445	19	structured	structure	VERB
cblr-2937	1445	20	-	-	PUNCT
cblr-2937	1445	21	finance	finance	NOUN
cblr-2937	1445	22	and	and	CCONJ
cblr-2937	1445	23	traditional	traditional	ADJ
cblr-2937	1445	24	corporate	corporate	ADJ
cblr-2937	1445	25	ratings	rating	NOUN
cblr-2937	1445	26	mean	mean	VERB
cblr-2937	1445	27	the	the	DET
cblr-2937	1445	28	same	same	ADJ
cblr-2937	1445	29	thing	thing	NOUN
cblr-2937	1445	30	implies	imply	VERB
cblr-2937	1445	31	that	that	SCONJ
cblr-2937	1445	32	bonds	bond	NOUN
cblr-2937	1445	33	in	in	ADP
cblr-2937	1445	34	the	the	DET
cblr-2937	1445	35	same	same	ADJ
cblr-2937	1445	36	rating	rating	NOUN
cblr-2937	1445	37	class	class	NOUN
cblr-2937	1445	38	should	should	AUX
cblr-2937	1445	39	exhibit	exhibit	VERB
cblr-2937	1445	40	the	the	DET
cblr-2937	1445	41	same	same	ADJ
cblr-2937	1445	42	default	default	NOUN
cblr-2937	1445	43	rate	rate	NOUN
cblr-2937	1445	44	over	over	ADP
cblr-2937	1445	45	the	the	DET
cblr-2937	1445	46	same	same	ADJ
cblr-2937	1445	47	time	time	NOUN
cblr-2937	1445	48	horizon	horizon	NOUN
cblr-2937	1445	49	,	,	PUNCT
cblr-2937	1445	50	within	within	ADP
cblr-2937	1445	51	the	the	DET
cblr-2937	1445	52	limits	limit	NOUN
cblr-2937	1445	53	of	of	ADP
cblr-2937	1445	54	statistical	statistical	ADJ
cblr-2937	1445	55	error	error	NOUN
cblr-2937	1445	56	.	.	PUNCT
cblr-2937	1446	1	a	a	DET
cblr-2937	1446	2	simple	simple	ADJ
cblr-2937	1446	3	comparison	comparison	NOUN
cblr-2937	1446	4	of	of	ADP
cblr-2937	1446	5	novel	novel	ADJ
cblr-2937	1446	6	product	product	NOUN
cblr-2937	1446	7	default	default	NOUN
cblr-2937	1446	8	rates	rate	NOUN
cblr-2937	1446	9	over	over	ADP
cblr-2937	1446	10	various	various	ADJ
cblr-2937	1446	11	time	time	NOUN
cblr-2937	1446	12	horizons	horizon	NOUN
cblr-2937	1446	13	using	use	VERB
cblr-2937	1446	14	a	a	DET
cblr-2937	1446	15	basic	basic	ADJ
cblr-2937	1446	16	test	test	NOUN
cblr-2937	1446	17	for	for	ADP
cblr-2937	1446	18	statistical	statistical	ADJ
cblr-2937	1446	19	significance	significance	NOUN
cblr-2937	1446	20	can	can	AUX
cblr-2937	1446	21	be	be	AUX
cblr-2937	1446	22	used	use	VERB
cblr-2937	1446	23	to	to	PART
cblr-2937	1446	24	determine	determine	VERB
cblr-2937	1446	25	whether	whether	SCONJ
cblr-2937	1446	26	the	the	DET
cblr-2937	1446	27	novel	novel	NOUN
cblr-2937	1446	28	-	-	PUNCT
cblr-2937	1446	29	product	product	NOUN
cblr-2937	1446	30	ratings	rating	NOUN
cblr-2937	1446	31	are	be	AUX
cblr-2937	1446	32	in	in	ADP
cblr-2937	1446	33	fact	fact	NOUN
cblr-2937	1446	34	"	"	PUNCT
cblr-2937	1446	35	the	the	DET
cblr-2937	1446	36	same	same	ADJ
cblr-2937	1446	37	"	"	PUNCT
cblr-2937	1446	38	as	as	ADP
cblr-2937	1446	39	corporate	corporate	ADJ
cblr-2937	1446	40	bond	bond	NOUN
cblr-2937	1446	41	ratings	rating	NOUN
cblr-2937	1446	42	.	.	PUNCT
cblr-2937	1447	1	if	if	SCONJ
cblr-2937	1447	2	aaa	aaa	NOUN
cblr-2937	1447	3	bonds	bond	NOUN
cblr-2937	1447	4	have	have	VERB
cblr-2937	1447	5	a	a	DET
cblr-2937	1447	6	0.01	0.01	NUM
cblr-2937	1447	7	%	%	NOUN
cblr-2937	1447	8	annual	annual	ADJ
cblr-2937	1447	9	default	default	NOUN
cblr-2937	1447	10	rate	rate	NOUN
cblr-2937	1447	11	over	over	ADP
cblr-2937	1447	12	a	a	DET
cblr-2937	1447	13	year	year	NOUN
cblr-2937	1447	14	time	time	NOUN
cblr-2937	1447	15	horizon	horizon	NOUN
cblr-2937	1447	16	and	and	CCONJ
cblr-2937	1447	17	a	a	DET
cblr-2937	1447	18	standard	standard	ADJ
cblr-2937	1447	19	deviation	deviation	NOUN
cblr-2937	1447	20	of	of	ADP
cblr-2937	1447	21	0.002	0.002	NUM
cblr-2937	1447	22	%	%	NOUN
cblr-2937	1447	23	,	,	PUNCT
cblr-2937	1447	24	then	then	ADV
cblr-2937	1447	25	novel	novel	ADJ
cblr-2937	1447	26	-	-	PUNCT
cblr-2937	1447	27	product	product	NOUN
cblr-2937	1447	28	default	default	NOUN
cblr-2937	1447	29	rates	rate	NOUN
cblr-2937	1447	30	that	that	PRON
cblr-2937	1447	31	are	be	AUX
cblr-2937	1447	32	outside	outside	ADV
cblr-2937	1447	33	approximately	approximately	ADV
cblr-2937	1447	34	a	a	DET
cblr-2937	1447	35	two	two	NUM
cblr-2937	1447	36	-	-	PUNCT
cblr-2937	1447	37	standarddeviation	standarddeviation	NOUN
cblr-2937	1447	38	band	band	NOUN
cblr-2937	1447	39	,	,	PUNCT
cblr-2937	1447	40	i.e.	i.e.	X
cblr-2937	1447	41	,	,	PUNCT
cblr-2937	1447	42	less	less	ADJ
cblr-2937	1447	43	than	than	ADP
cblr-2937	1447	44	0.006	0.006	NUM
cblr-2937	1447	45	%	%	NOUN
cblr-2937	1447	46	or	or	CCONJ
cblr-2937	1447	47	more	more	ADJ
cblr-2937	1447	48	than	than	ADP
cblr-2937	1447	49	0.014	0.014	NUM
cblr-2937	1447	50	%	%	NOUN
cblr-2937	1447	51	,	,	PUNCT
cblr-2937	1447	52	would	would	AUX
cblr-2937	1447	53	be	be	AUX
cblr-2937	1447	54	of	of	ADP
cblr-2937	1447	55	low	low	ADJ
cblr-2937	1447	56	quality	quality	NOUN
cblr-2937	1447	57	and	and	CCONJ
cblr-2937	1447	58	subject	subject	NOUN
cblr-2937	1447	59	to	to	ADP
cblr-2937	1447	60	disgorgement	disgorgement	NOUN
cblr-2937	1447	61	.	.	PUNCT
cblr-2937	1448	1	more	more	ADV
cblr-2937	1448	2	sophisticated	sophisticated	ADJ
cblr-2937	1448	3	techniques	technique	NOUN
cblr-2937	1448	4	might	might	AUX
cblr-2937	1448	5	be	be	AUX
cblr-2937	1448	6	employed	employ	VERB
cblr-2937	1448	7	in	in	ADP
cblr-2937	1448	8	practice	practice	NOUN
cblr-2937	1448	9	.	.	PUNCT
cblr-2937	1449	1	this	this	DET
cblr-2937	1449	2	discussion	discussion	NOUN
cblr-2937	1449	3	is	be	AUX
cblr-2937	1449	4	intended	intend	VERB
cblr-2937	1449	5	simply	simply	ADV
cblr-2937	1449	6	to	to	PART
cblr-2937	1449	7	give	give	VERB
cblr-2937	1449	8	a	a	DET
cblr-2937	1449	9	sense	sense	NOUN
cblr-2937	1449	10	of	of	ADP
cblr-2937	1449	11	how	how	SCONJ
cblr-2937	1449	12	the	the	DET
cblr-2937	1449	13	minimum	minimum	ADJ
cblr-2937	1449	14	quality	quality	NOUN
cblr-2937	1449	15	level	level	NOUN
cblr-2937	1449	16	might	might	AUX
cblr-2937	1449	17	be	be	AUX
cblr-2937	1449	18	applied	apply	VERB
cblr-2937	1449	19	.	.	PUNCT
cblr-2937	1450	1	e.	e.	PROPN
cblr-2937	1450	2	implementing	implement	VERB
cblr-2937	1450	3	"	"	PUNCT
cblr-2937	1450	4	disclose	disclose	VERB
cblr-2937	1450	5	or	or	CCONJ
cblr-2937	1450	6	disgorge	disgorge	VERB
cblr-2937	1450	7	"	"	PUNCT
cblr-2937	1450	8	1	1	NUM
cblr-2937	1450	9	.	.	PUNCT
cblr-2937	1450	10	general	general	ADJ
cblr-2937	1450	11	implementation	implementation	NOUN
cblr-2937	1450	12	issues	issue	NOUN
cblr-2937	1450	13	the	the	DET
cblr-2937	1450	14	proposal	proposal	NOUN
cblr-2937	1450	15	also	also	ADV
cblr-2937	1450	16	presents	present	VERB
cblr-2937	1450	17	several	several	ADJ
cblr-2937	1450	18	other	other	ADJ
cblr-2937	1450	19	implementation	implementation	NOUN
cblr-2937	1450	20	issues	issue	NOUN
cblr-2937	1450	21	.	.	PUNCT
cblr-2937	1451	1	first	first	ADV
cblr-2937	1451	2	,	,	PUNCT
cblr-2937	1451	3	quality	quality	NOUN
cblr-2937	1451	4	will	will	AUX
cblr-2937	1451	5	be	be	AUX
cblr-2937	1451	6	measured	measure	VERB
cblr-2937	1451	7	by	by	ADP
cblr-2937	1451	8	statistical	statistical	ADJ
cblr-2937	1451	9	techniques	technique	NOUN
cblr-2937	1451	10	.	.	PUNCT
cblr-2937	1452	1	if	if	SCONJ
cblr-2937	1452	2	an	an	DET
cblr-2937	1452	3	apparent	apparent	ADJ
cblr-2937	1452	4	decline	decline	NOUN
cblr-2937	1452	5	in	in	ADP
cblr-2937	1452	6	quality	quality	NOUN
cblr-2937	1452	7	is	be	AUX
cblr-2937	1452	8	observed	observe	VERB
cblr-2937	1452	9	,	,	PUNCT
cblr-2937	1452	10	then	then	ADV
cblr-2937	1452	11	the	the	DET
cblr-2937	1452	12	question	question	NOUN
cblr-2937	1452	13	whether	whether	SCONJ
cblr-2937	1452	14	there	there	PRON
cblr-2937	1452	15	was	be	VERB
cblr-2937	1452	16	a	a	DET
cblr-2937	1452	17	"	"	PUNCT
cblr-2937	1452	18	real	real	ADJ
cblr-2937	1452	19	"	"	PUNCT
cblr-2937	1452	20	quality	quality	NOUN
cblr-2937	1452	21	decline	decline	NOUN
cblr-2937	1452	22	or	or	CCONJ
cblr-2937	1452	23	whether	whether	SCONJ
cblr-2937	1452	24	the	the	DET
cblr-2937	1452	25	rating	rating	NOUN
cblr-2937	1452	26	agency	agency	NOUN
cblr-2937	1452	27	simply	simply	ADV
cblr-2937	1452	28	got	get	VERB
cblr-2937	1452	29	unlucky	unlucky	ADJ
cblr-2937	1452	30	will	will	AUX
cblr-2937	1452	31	arise	arise	VERB
cblr-2937	1452	32	.	.	PUNCT
cblr-2937	1453	1	the	the	DET
cblr-2937	1453	2	regulator	regulator	NOUN
cblr-2937	1453	3	or	or	CCONJ
cblr-2937	1453	4	court	court	NOUN
cblr-2937	1453	5	will	will	AUX
cblr-2937	1453	6	have	have	VERB
cblr-2937	1453	7	to	to	PART
cblr-2937	1453	8	determine	determine	VERB
cblr-2937	1453	9	what	what	PRON
cblr-2937	1453	10	statistical	statistical	ADJ
cblr-2937	1453	11	test	test	NOUN
cblr-2937	1453	12	to	to	PART
cblr-2937	1453	13	apply	apply	VERB
cblr-2937	1453	14	and	and	CCONJ
cblr-2937	1453	15	what	what	DET
cblr-2937	1453	16	level	level	NOUN
cblr-2937	1453	17	of	of	ADP
cblr-2937	1453	18	significance	significance	NOUN
cblr-2937	1453	19	is	be	AUX
cblr-2937	1453	20	appropriate	appropriate	ADJ
cblr-2937	1453	21	.	.	PUNCT
cblr-2937	1454	1	second	second	ADJ
cblr-2937	1454	2	,	,	PUNCT
cblr-2937	1454	3	the	the	DET
cblr-2937	1454	4	test	test	NOUN
cblr-2937	1454	5	will	will	AUX
cblr-2937	1454	6	be	be	AUX
cblr-2937	1454	7	applied	apply	VERB
cblr-2937	1454	8	on	on	ADP
cblr-2937	1454	9	an	an	DET
cblr-2937	1454	10	aggregate	aggregate	ADJ
cblr-2937	1454	11	basis	basis	NOUN
cblr-2937	1454	12	,	,	PUNCT
cblr-2937	1454	13	e.g.	e.g.	ADV
cblr-2937	1454	14	,	,	PUNCT
cblr-2937	1454	15	to	to	ADP
cblr-2937	1454	16	"	"	PUNCT
cblr-2937	1454	17	s&p	s&p	PROPN
cblr-2937	1454	18	ratings	rating	NOUN
cblr-2937	1454	19	of	of	ADP
cblr-2937	1454	20	rmbs	rmb	NOUN
cblr-2937	1454	21	-	-	PUNCT
cblr-2937	1454	22	backed	back	VERB
cblr-2937	1454	23	cdos	cdo	NOUN
cblr-2937	1454	24	from	from	ADP
cblr-2937	1454	25	2006	2006	NUM
cblr-2937	1454	26	.	.	PUNCT
cblr-2937	1454	27	"	"	PUNCT
cblr-2937	1455	1	this	this	PRON
cblr-2937	1455	2	will	will	AUX
cblr-2937	1455	3	require	require	VERB
cblr-2937	1455	4	the	the	DET
cblr-2937	1455	5	universe	universe	NOUN
cblr-2937	1455	6	of	of	ADP
cblr-2937	1455	7	ratings	rating	NOUN
cblr-2937	1455	8	to	to	PART
cblr-2937	1455	9	be	be	AUX
cblr-2937	1455	10	segmented	segment	VERB
cblr-2937	1455	11	into	into	ADP
cblr-2937	1455	12	products	product	NOUN
cblr-2937	1455	13	and	and	CCONJ
cblr-2937	1455	14	vintages	vintage	NOUN
cblr-2937	1455	15	.	.	PUNCT
cblr-2937	1456	1	the	the	DET
cblr-2937	1456	2	proper	proper	ADJ
cblr-2937	1456	3	segmentation	segmentation	NOUN
cblr-2937	1456	4	will	will	AUX
cblr-2937	1456	5	not	not	PART
cblr-2937	1456	6	always	always	ADV
cblr-2937	1456	7	be	be	AUX
cblr-2937	1456	8	clear	clear	ADJ
cblr-2937	1456	9	(	(	PUNCT
cblr-2937	1456	10	i.e.	i.e.	X
cblr-2937	1456	11	,	,	PUNCT
cblr-2937	1456	12	should	should	AUX
cblr-2937	1456	13	rmbs	rmb	NOUN
cblr-2937	1456	14	-	-	PUNCT
cblr-2937	1456	15	backed	back	VERB
cblr-2937	1456	16	cdos	cdo	NOUN
cblr-2937	1456	17	be	be	VERB
cblr-2937	1456	18	columbia	columbia	PROPN
cblr-2937	1456	19	b	b	PROPN
cblr-2937	1456	20	us1ness	us1ness	PROPN
cblr-2937	1456	21	la	la	PROPN
cblr-2937	1456	22	w	w	PROPN
cblr-2937	1456	23	re	re	X
cblr-2937	1456	24	vie	vie	PROPN
cblr-2937	1456	25	w	w	PROPN
cblr-2937	1457	1	[	[	X
cblr-2937	1457	2	vol	vol	NOUN
cblr-2937	1457	3	.	.	NOUN
cblr-2937	1457	4	2009	2009	NUM
cblr-2937	1457	5	credit	credit	NOUN
cblr-2937	1457	6	rating	rating	NOUN
cblr-2937	1457	7	a	a	DET
cblr-2937	1457	8	gencies	gencie	NOUN
cblr-2937	1457	9	considered	consider	VERB
cblr-2937	1457	10	as	as	ADP
cblr-2937	1457	11	a	a	DET
cblr-2937	1457	12	group	group	NOUN
cblr-2937	1457	13	or	or	CCONJ
cblr-2937	1457	14	be	be	AUX
cblr-2937	1457	15	divided	divide	VERB
cblr-2937	1457	16	into	into	ADP
cblr-2937	1457	17	subprime	subprime	ADJ
cblr-2937	1457	18	and	and	CCONJ
cblr-2937	1457	19	nonsubprime	nonsubprime	ADJ
cblr-2937	1457	20	segments	segment	NOUN
cblr-2937	1457	21	?	?	PUNCT
cblr-2937	1457	22	)	)	PUNCT
cblr-2937	1457	23	.	.	PUNCT
cblr-2937	1458	1	unless	unless	SCONJ
cblr-2937	1458	2	the	the	DET
cblr-2937	1458	3	segmentation	segmentation	NOUN
cblr-2937	1458	4	is	be	AUX
cblr-2937	1458	5	done	do	VERB
cblr-2937	1458	6	on	on	ADP
cblr-2937	1458	7	an	an	DET
cblr-2937	1458	8	ex	ex	NOUN
cblr-2937	1458	9	ante	ante	NOUN
cblr-2937	1458	10	basis	basis	NOUN
cblr-2937	1458	11	,	,	PUNCT
cblr-2937	1458	12	there	there	PRON
cblr-2937	1458	13	will	will	AUX
cblr-2937	1458	14	be	be	AUX
cblr-2937	1458	15	clear	clear	ADJ
cblr-2937	1458	16	incentives	incentive	NOUN
cblr-2937	1458	17	to	to	PART
cblr-2937	1458	18	game	game	VERB
cblr-2937	1458	19	the	the	DET
cblr-2937	1458	20	system	system	NOUN
cblr-2937	1458	21	(	(	PUNCT
cblr-2937	1458	22	i.e.	i.e.	X
cblr-2937	1458	23	,	,	PUNCT
cblr-2937	1458	24	by	by	ADP
cblr-2937	1458	25	"	"	PUNCT
cblr-2937	1458	26	gerrymandering	gerrymander	VERB
cblr-2937	1458	27	"	"	PUNCT
cblr-2937	1458	28	the	the	DET
cblr-2937	1458	29	categories	category	NOUN
cblr-2937	1458	30	so	so	SCONJ
cblr-2937	1458	31	that	that	SCONJ
cblr-2937	1458	32	they	they	PRON
cblr-2937	1458	33	all	all	PRON
cblr-2937	1458	34	show	show	VERB
cblr-2937	1458	35	adequate	adequate	ADJ
cblr-2937	1458	36	quality	quality	NOUN
cblr-2937	1458	37	)	)	PUNCT
cblr-2937	1458	38	.	.	PUNCT
cblr-2937	1459	1	third	third	ADJ
cblr-2937	1459	2	,	,	PUNCT
cblr-2937	1459	3	quality	quality	NOUN
cblr-2937	1459	4	must	must	AUX
cblr-2937	1459	5	be	be	AUX
cblr-2937	1459	6	measured	measure	VERB
cblr-2937	1459	7	over	over	ADP
cblr-2937	1459	8	differing	differ	VERB
cblr-2937	1459	9	time	time	NOUN
cblr-2937	1459	10	horizons	horizon	NOUN
cblr-2937	1459	11	.	.	PUNCT
cblr-2937	1460	1	the	the	DET
cblr-2937	1460	2	idea	idea	NOUN
cblr-2937	1460	3	is	be	AUX
cblr-2937	1460	4	not	not	PART
cblr-2937	1460	5	just	just	ADV
cblr-2937	1460	6	to	to	PART
cblr-2937	1460	7	determine	determine	VERB
cblr-2937	1460	8	what	what	PRON
cblr-2937	1460	9	the	the	DET
cblr-2937	1460	10	correlation	correlation	NOUN
cblr-2937	1460	11	between	between	ADP
cblr-2937	1460	12	default	default	NOUN
cblr-2937	1460	13	and	and	CCONJ
cblr-2937	1460	14	rating	rating	NOUN
cblr-2937	1460	15	is	be	AUX
cblr-2937	1460	16	after	after	ADP
cblr-2937	1460	17	six	six	NUM
cblr-2937	1460	18	months	month	NOUN
cblr-2937	1460	19	,	,	PUNCT
cblr-2937	1460	20	but	but	CCONJ
cblr-2937	1460	21	also	also	ADV
cblr-2937	1460	22	after	after	ADP
cblr-2937	1460	23	one	one	NUM
cblr-2937	1460	24	year	year	NOUN
cblr-2937	1460	25	,	,	PUNCT
cblr-2937	1460	26	two	two	NUM
cblr-2937	1460	27	years	year	NOUN
cblr-2937	1460	28	,	,	PUNCT
cblr-2937	1460	29	etc	etc	X
cblr-2937	1460	30	.	.	X
cblr-2937	1461	1	the	the	DET
cblr-2937	1461	2	regulatory	regulatory	ADJ
cblr-2937	1461	3	system	system	NOUN
cblr-2937	1461	4	will	will	AUX
cblr-2937	1461	5	have	have	VERB
cblr-2937	1461	6	to	to	PART
cblr-2937	1461	7	define	define	VERB
cblr-2937	1461	8	the	the	DET
cblr-2937	1461	9	time	time	NOUN
cblr-2937	1461	10	horizons	horizon	NOUN
cblr-2937	1461	11	at	at	ADP
cblr-2937	1461	12	which	which	PRON
cblr-2937	1461	13	quality	quality	NOUN
cblr-2937	1461	14	is	be	AUX
cblr-2937	1461	15	to	to	PART
cblr-2937	1461	16	be	be	AUX
cblr-2937	1461	17	measured	measure	VERB
cblr-2937	1461	18	and	and	CCONJ
cblr-2937	1461	19	at	at	ADP
cblr-2937	1461	20	which	which	PRON
cblr-2937	1461	21	the	the	DET
cblr-2937	1461	22	agency	agency	NOUN
cblr-2937	1461	23	will	will	AUX
cblr-2937	1461	24	be	be	AUX
cblr-2937	1461	25	held	hold	VERB
cblr-2937	1461	26	responsible	responsible	ADJ
cblr-2937	1461	27	.	.	PUNCT
cblr-2937	1462	1	2	2	X
cblr-2937	1462	2	.	.	X
cblr-2937	1462	3	specific	specific	ADJ
cblr-2937	1462	4	methods	method	NOUN
cblr-2937	1462	5	of	of	ADP
cblr-2937	1462	6	implementation	implementation	NOUN
cblr-2937	1462	7	the	the	DET
cblr-2937	1462	8	proposal	proposal	NOUN
cblr-2937	1462	9	advanced	advance	VERB
cblr-2937	1462	10	here	here	ADV
cblr-2937	1462	11	consists	consist	VERB
cblr-2937	1462	12	of	of	ADP
cblr-2937	1462	13	a	a	DET
cblr-2937	1462	14	substantive	substantive	ADJ
cblr-2937	1462	15	rule	rule	NOUN
cblr-2937	1462	16	of	of	ADP
cblr-2937	1462	17	decision	decision	NOUN
cblr-2937	1462	18	:	:	PUNCT
cblr-2937	1462	19	rating	rating	NOUN
cblr-2937	1462	20	agencies	agency	NOUN
cblr-2937	1462	21	must	must	AUX
cblr-2937	1462	22	disgorge	disgorge	VERB
cblr-2937	1462	23	profits	profit	NOUN
cblr-2937	1462	24	derived	derive	VERB
cblr-2937	1462	25	from	from	ADP
cblr-2937	1462	26	low	low	ADJ
cblr-2937	1462	27	-	-	PUNCT
cblr-2937	1462	28	quality	quality	NOUN
cblr-2937	1462	29	ratings	rating	NOUN
cblr-2937	1462	30	on	on	ADP
cblr-2937	1462	31	novel	novel	ADJ
cblr-2937	1462	32	instruments	instrument	NOUN
cblr-2937	1462	33	unless	unless	SCONJ
cblr-2937	1462	34	they	they	PRON
cblr-2937	1462	35	disclose	disclose	VERB
cblr-2937	1462	36	in	in	ADP
cblr-2937	1462	37	advance	advance	NOUN
cblr-2937	1462	38	that	that	SCONJ
cblr-2937	1462	39	the	the	DET
cblr-2937	1462	40	ratings	rating	NOUN
cblr-2937	1462	41	are	be	AUX
cblr-2937	1462	42	of	of	ADP
cblr-2937	1462	43	low	low	ADJ
cblr-2937	1462	44	quality	quality	NOUN
cblr-2937	1462	45	.	.	PUNCT
cblr-2937	1463	1	this	this	DET
cblr-2937	1463	2	rule	rule	NOUN
cblr-2937	1463	3	of	of	ADP
cblr-2937	1463	4	decision	decision	NOUN
cblr-2937	1463	5	could	could	AUX
cblr-2937	1463	6	be	be	AUX
cblr-2937	1463	7	put	put	VERB
cblr-2937	1463	8	into	into	ADP
cblr-2937	1463	9	practice	practice	NOUN
cblr-2937	1463	10	in	in	ADP
cblr-2937	1463	11	a	a	DET
cblr-2937	1463	12	number	number	NOUN
cblr-2937	1463	13	of	of	ADP
cblr-2937	1463	14	different	different	ADJ
cblr-2937	1463	15	ways	way	NOUN
cblr-2937	1463	16	:	:	PUNCT
cblr-2937	1463	17	private	private	ADJ
cblr-2937	1463	18	liability	liability	NOUN
cblr-2937	1463	19	,	,	PUNCT
cblr-2937	1463	20	an	an	DET
cblr-2937	1463	21	administrative	administrative	ADJ
cblr-2937	1463	22	system	system	NOUN
cblr-2937	1463	23	overseen	oversee	VERB
cblr-2937	1463	24	by	by	ADP
cblr-2937	1463	25	the	the	DET
cblr-2937	1463	26	sec	sec	PROPN
cblr-2937	1463	27	,	,	PUNCT
cblr-2937	1463	28	or	or	CCONJ
cblr-2937	1463	29	private	private	ADJ
cblr-2937	1463	30	contracting	contracting	NOUN
cblr-2937	1463	31	.	.	PUNCT
cblr-2937	1464	1	a.	a.	NOUN
cblr-2937	1464	2	liability	liability	NOUN
cblr-2937	1464	3	rule	rule	VERB
cblr-2937	1464	4	the	the	DET
cblr-2937	1464	5	"	"	PUNCT
cblr-2937	1464	6	disclose	disclose	VERB
cblr-2937	1464	7	or	or	CCONJ
cblr-2937	1464	8	disgorge	disgorge	VERB
cblr-2937	1464	9	"	"	PUNCT
cblr-2937	1464	10	proposal	proposal	NOUN
cblr-2937	1464	11	is	be	AUX
cblr-2937	1464	12	akin	akin	ADJ
cblr-2937	1464	13	to	to	ADP
cblr-2937	1464	14	the	the	DET
cblr-2937	1464	15	familiar	familiar	ADJ
cblr-2937	1464	16	strict	strict	ADJ
cblr-2937	1464	17	liability	liability	NOUN
cblr-2937	1464	18	rule	rule	NOUN
cblr-2937	1464	19	for	for	ADP
cblr-2937	1464	20	defective	defective	ADJ
cblr-2937	1464	21	products	product	NOUN
cblr-2937	1464	22	,	,	PUNCT
cblr-2937	1464	23	with	with	ADP
cblr-2937	1464	24	a	a	DET
cblr-2937	1464	25	defense	defense	NOUN
cblr-2937	1464	26	for	for	ADP
cblr-2937	1464	27	proper	proper	ADJ
cblr-2937	1464	28	warnings	warning	NOUN
cblr-2937	1464	29	.	.	PUNCT
cblr-2937	1465	1	given	give	VERB
cblr-2937	1465	2	that	that	SCONJ
cblr-2937	1465	3	ratings	rating	NOUN
cblr-2937	1465	4	are	be	AUX
cblr-2937	1465	5	a	a	DET
cblr-2937	1465	6	product	product	NOUN
cblr-2937	1465	7	,	,	PUNCT
cblr-2937	1465	8	this	this	DET
cblr-2937	1465	9	approach	approach	NOUN
cblr-2937	1465	10	could	could	AUX
cblr-2937	1465	11	be	be	AUX
cblr-2937	1465	12	implemented	implement	VERB
cblr-2937	1465	13	directly	directly	ADV
cblr-2937	1465	14	by	by	ADP
cblr-2937	1465	15	courts	court	NOUN
cblr-2937	1465	16	without	without	ADP
cblr-2937	1465	17	materially	materially	ADV
cblr-2937	1465	18	extending	extend	VERB
cblr-2937	1465	19	existing	exist	VERB
cblr-2937	1465	20	doctrine	doctrine	NOUN
cblr-2937	1465	21	,	,	PUNCT
cblr-2937	1465	22	although	although	SCONJ
cblr-2937	1465	23	the	the	DET
cblr-2937	1465	24	relief	relief	NOUN
cblr-2937	1465	25	recommended	recommend	VERB
cblr-2937	1465	26	here	here	ADV
cblr-2937	1465	27	-	-	PUNCT
cblr-2937	1465	28	disgorgement	disgorgement	NOUN
cblr-2937	1465	29	of	of	ADP
cblr-2937	1465	30	profits	profit	NOUN
cblr-2937	1465	31	-	-	PUNCT
cblr-2937	1465	32	would	would	AUX
cblr-2937	1465	33	be	be	AUX
cblr-2937	1465	34	a	a	DET
cblr-2937	1465	35	departure	departure	NOUN
cblr-2937	1465	36	from	from	ADP
cblr-2937	1465	37	current	current	ADJ
cblr-2937	1465	38	products	product	NOUN
cblr-2937	1465	39	liability	liability	NOUN
cblr-2937	1465	40	law	law	NOUN
cblr-2937	1465	41	.	.	PUNCT
cblr-2937	1466	1	repeal	repeal	NOUN
cblr-2937	1466	2	or	or	CCONJ
cblr-2937	1466	3	amendment	amendment	NOUN
cblr-2937	1466	4	of	of	ADP
cblr-2937	1466	5	the	the	DET
cblr-2937	1466	6	2006	2006	NUM
cblr-2937	1466	7	act	act	NOUN
cblr-2937	1466	8	provision	provision	NOUN
cblr-2937	1466	9	prohibiting	prohibit	VERB
cblr-2937	1466	10	states	state	NOUN
cblr-2937	1466	11	from	from	ADP
cblr-2937	1466	12	regulating	regulate	VERB
cblr-2937	1466	13	rating	rating	NOUN
cblr-2937	1466	14	quality	quality	NOUN
cblr-2937	1466	15	would	would	AUX
cblr-2937	1466	16	be	be	AUX
cblr-2937	1466	17	necessary	necessary	ADJ
cblr-2937	1466	18	unless	unless	SCONJ
cblr-2937	1466	19	a	a	DET
cblr-2937	1466	20	federal	federal	ADJ
cblr-2937	1466	21	cause	cause	NOUN
cblr-2937	1466	22	of	of	ADP
cblr-2937	1466	23	action	action	NOUN
cblr-2937	1466	24	were	be	AUX
cblr-2937	1466	25	created	create	VERB
cblr-2937	1466	26	.	.	PUNCT
cblr-2937	1467	1	although	although	SCONJ
cblr-2937	1467	2	it	it	PRON
cblr-2937	1467	3	may	may	AUX
cblr-2937	1467	4	not	not	PART
cblr-2937	1467	5	be	be	AUX
cblr-2937	1467	6	possible	possible	ADJ
cblr-2937	1467	7	to	to	PART
cblr-2937	1467	8	identify	identify	VERB
cblr-2937	1467	9	defective	defective	ADJ
cblr-2937	1467	10	ratings	rating	NOUN
cblr-2937	1467	11	at	at	ADP
cblr-2937	1467	12	the	the	DET
cblr-2937	1467	13	individual	individual	ADJ
cblr-2937	1467	14	rating	rating	NOUN
cblr-2937	1467	15	level	level	NOUN
cblr-2937	1467	16	,	,	PUNCT
cblr-2937	1467	17	the	the	DET
cblr-2937	1467	18	class	class	NOUN
cblr-2937	1467	19	-	-	PUNCT
cblr-2937	1467	20	action	action	NOUN
cblr-2937	1467	21	mechanism	mechanism	NOUN
cblr-2937	1467	22	seems	seem	VERB
cblr-2937	1467	23	appropriate	appropriate	ADJ
cblr-2937	1467	24	for	for	ADP
cblr-2937	1467	25	enforcing	enforce	VERB
cblr-2937	1467	26	claims	claim	NOUN
cblr-2937	1467	27	for	for	ADP
cblr-2937	1467	28	disgorgement	disgorgement	NOUN
cblr-2937	1467	29	based	base	VERB
cblr-2937	1467	30	on	on	ADP
cblr-2937	1467	31	a	a	DET
cblr-2937	1467	32	theory	theory	NOUN
cblr-2937	1467	33	that	that	SCONJ
cblr-2937	1467	34	all	all	DET
cblr-2937	1467	35	ratings	rating	NOUN
cblr-2937	1467	36	on	on	ADP
cblr-2937	1467	37	a	a	DET
cblr-2937	1467	38	particular	particular	ADJ
cblr-2937	1467	39	product	product	NOUN
cblr-2937	1467	40	in	in	ADP
cblr-2937	1467	41	a	a	DET
cblr-2937	1467	42	given	give	VERB
cblr-2937	1467	43	time	time	NOUN
cblr-2937	1467	44	frame	frame	NOUN
cblr-2937	1467	45	were	be	AUX
cblr-2937	1467	46	of	of	ADP
cblr-2937	1467	47	low	low	ADJ
cblr-2937	1467	48	quality	quality	NOUN
cblr-2937	1467	49	.	.	PUNCT
cblr-2937	1468	1	implementing	implement	VERB
cblr-2937	1468	2	"	"	PUNCT
cblr-2937	1468	3	disclose	disclose	VERB
cblr-2937	1468	4	or	or	CCONJ
cblr-2937	1468	5	disgorge	disgorge	VERB
cblr-2937	1468	6	"	"	PUNCT
cblr-2937	1468	7	through	through	ADP
cblr-2937	1468	8	a	a	DET
cblr-2937	1468	9	no	no	NOUN
cblr-2937	1468	10	.	.	PUNCT
cblr-2937	1469	1	1:109	1:109	NUM
cblr-2937	1469	2	]	]	X
cblr-2937	1469	3	state	state	NOUN
cblr-2937	1469	4	-	-	PUNCT
cblr-2937	1469	5	level	level	NOUN
cblr-2937	1469	6	liability	liability	NOUN
cblr-2937	1469	7	rule	rule	NOUN
cblr-2937	1469	8	does	do	AUX
cblr-2937	1469	9	run	run	VERB
cblr-2937	1469	10	the	the	DET
cblr-2937	1469	11	risk	risk	NOUN
cblr-2937	1469	12	that	that	SCONJ
cblr-2937	1469	13	different	different	ADJ
cblr-2937	1469	14	states	state	NOUN
cblr-2937	1469	15	would	would	AUX
cblr-2937	1469	16	arrive	arrive	VERB
cblr-2937	1469	17	at	at	ADP
cblr-2937	1469	18	different	different	ADJ
cblr-2937	1469	19	views	view	NOUN
cblr-2937	1469	20	of	of	ADP
cblr-2937	1469	21	the	the	DET
cblr-2937	1469	22	appropriate	appropriate	ADJ
cblr-2937	1469	23	quality	quality	NOUN
cblr-2937	1469	24	level	level	NOUN
cblr-2937	1469	25	and	and	CCONJ
cblr-2937	1469	26	that	that	SCONJ
cblr-2937	1469	27	that	that	PRON
cblr-2937	1469	28	would	would	AUX
cblr-2937	1469	29	seriously	seriously	ADV
cblr-2937	1469	30	complicate	complicate	VERB
cblr-2937	1469	31	the	the	DET
cblr-2937	1469	32	rating	rating	NOUN
cblr-2937	1469	33	business	business	NOUN
cblr-2937	1469	34	.	.	PUNCT
cblr-2937	1470	1	b.	b.	PROPN
cblr-2937	1470	2	administrative	administrative	ADJ
cblr-2937	1470	3	system	system	NOUN
cblr-2937	1470	4	the	the	DET
cblr-2937	1470	5	proposal	proposal	NOUN
cblr-2937	1470	6	could	could	AUX
cblr-2937	1470	7	be	be	AUX
cblr-2937	1470	8	implemented	implement	VERB
cblr-2937	1470	9	via	via	ADP
cblr-2937	1470	10	a	a	DET
cblr-2937	1470	11	regulatory	regulatory	ADJ
cblr-2937	1470	12	regime	regime	NOUN
cblr-2937	1470	13	.	.	PUNCT
cblr-2937	1471	1	the	the	DET
cblr-2937	1471	2	sec	sec	PROPN
cblr-2937	1471	3	already	already	ADV
cblr-2937	1471	4	has	have	VERB
cblr-2937	1471	5	oversight	oversight	NOUN
cblr-2937	1471	6	authority	authority	NOUN
cblr-2937	1471	7	over	over	ADP
cblr-2937	1471	8	rating	rating	NOUN
cblr-2937	1471	9	agencies	agency	NOUN
cblr-2937	1471	10	,	,	PUNCT
cblr-2937	1471	11	so	so	SCONJ
cblr-2937	1471	12	it	it	PRON
cblr-2937	1471	13	is	be	AUX
cblr-2937	1471	14	the	the	DET
cblr-2937	1471	15	natural	natural	ADJ
cblr-2937	1471	16	candidate	candidate	NOUN
cblr-2937	1471	17	to	to	PART
cblr-2937	1471	18	administer	administer	VERB
cblr-2937	1471	19	such	such	DET
cblr-2937	1471	20	a	a	DET
cblr-2937	1471	21	regime	regime	NOUN
cblr-2937	1471	22	.	.	PUNCT
cblr-2937	1472	1	the	the	DET
cblr-2937	1472	2	regulator	regulator	NOUN
cblr-2937	1472	3	could	could	AUX
cblr-2937	1472	4	be	be	AUX
cblr-2937	1472	5	empowered	empower	VERB
cblr-2937	1472	6	to	to	PART
cblr-2937	1472	7	monitor	monitor	VERB
cblr-2937	1472	8	rating	rating	NOUN
cblr-2937	1472	9	quality	quality	NOUN
cblr-2937	1472	10	and	and	CCONJ
cblr-2937	1472	11	impose	impose	VERB
cblr-2937	1472	12	the	the	DET
cblr-2937	1472	13	disgorgement	disgorgement	NOUN
cblr-2937	1472	14	remedy	remedy	NOUN
cblr-2937	1472	15	if	if	SCONJ
cblr-2937	1472	16	rating	rating	NOUN
cblr-2937	1472	17	quality	quality	NOUN
cblr-2937	1472	18	for	for	ADP
cblr-2937	1472	19	a	a	DET
cblr-2937	1472	20	given	give	VERB
cblr-2937	1472	21	product	product	NOUN
cblr-2937	1472	22	type	type	NOUN
cblr-2937	1472	23	and	and	CCONJ
cblr-2937	1472	24	vintage	vintage	NOUN
cblr-2937	1472	25	is	be	AUX
cblr-2937	1472	26	below	below	ADP
cblr-2937	1472	27	the	the	DET
cblr-2937	1472	28	minimum	minimum	ADJ
cblr-2937	1472	29	level	level	NOUN
cblr-2937	1472	30	.	.	PUNCT
cblr-2937	1473	1	a	a	DET
cblr-2937	1473	2	system	system	NOUN
cblr-2937	1473	3	of	of	ADP
cblr-2937	1473	4	escrow	escrow	NOUN
cblr-2937	1473	5	for	for	ADP
cblr-2937	1473	6	ratings	rating	NOUN
cblr-2937	1473	7	proceeds	proceed	NOUN
cblr-2937	1473	8	could	could	AUX
cblr-2937	1473	9	be	be	AUX
cblr-2937	1473	10	implemented	implement	VERB
cblr-2937	1473	11	as	as	ADP
cblr-2937	1473	12	an	an	DET
cblr-2937	1473	13	adjunct	adjunct	ADJ
cblr-2937	1473	14	to	to	ADP
cblr-2937	1473	15	the	the	DET
cblr-2937	1473	16	regulatory	regulatory	ADJ
cblr-2937	1473	17	regime	regime	NOUN
cblr-2937	1473	18	to	to	ADP
cblr-2937	1473	19	the	the	DET
cblr-2937	1473	20	extent	extent	NOUN
cblr-2937	1473	21	that	that	SCONJ
cblr-2937	1473	22	the	the	DET
cblr-2937	1473	23	agency	agency	NOUN
cblr-2937	1473	24	's	's	PART
cblr-2937	1473	25	inability	inability	NOUN
cblr-2937	1473	26	to	to	PART
cblr-2937	1473	27	pay	pay	VERB
cblr-2937	1473	28	the	the	DET
cblr-2937	1473	29	required	require	VERB
cblr-2937	1473	30	fees	fee	NOUN
cblr-2937	1473	31	is	be	AUX
cblr-2937	1473	32	a	a	DET
cblr-2937	1473	33	concern	concern	NOUN
cblr-2937	1473	34	.	.	PUNCT
cblr-2937	1474	1	this	this	DET
cblr-2937	1474	2	approach	approach	NOUN
cblr-2937	1474	3	would	would	AUX
cblr-2937	1474	4	require	require	VERB
cblr-2937	1474	5	authorizing	authorize	VERB
cblr-2937	1474	6	legislation	legislation	NOUN
cblr-2937	1474	7	for	for	ADP
cblr-2937	1474	8	the	the	DET
cblr-2937	1474	9	sec	sec	PROPN
cblr-2937	1474	10	.	.	PUNCT
cblr-2937	1475	1	c.	c.	PROPN
cblr-2937	1475	2	contracting	contracting	NOUN
cblr-2937	1475	3	in	in	ADP
cblr-2937	1475	4	principle	principle	NOUN
cblr-2937	1475	5	,	,	PUNCT
cblr-2937	1475	6	a	a	DET
cblr-2937	1475	7	quality	quality	NOUN
cblr-2937	1475	8	guarantee	guarantee	NOUN
cblr-2937	1475	9	could	could	AUX
cblr-2937	1475	10	be	be	AUX
cblr-2937	1475	11	implemented	implement	VERB
cblr-2937	1475	12	by	by	ADP
cblr-2937	1475	13	contract.3	contract.3	PROPN
cblr-2937	1475	14	00	00	PUNCT
cblr-2937	1476	1	the	the	DET
cblr-2937	1476	2	rating	rating	NOUN
cblr-2937	1476	3	agency	agency	NOUN
cblr-2937	1476	4	could	could	AUX
cblr-2937	1476	5	promise	promise	VERB
cblr-2937	1476	6	to	to	PART
cblr-2937	1476	7	disgorge	disgorge	VERB
cblr-2937	1476	8	profits	profit	NOUN
cblr-2937	1476	9	if	if	SCONJ
cblr-2937	1476	10	ratings	rating	NOUN
cblr-2937	1476	11	turn	turn	VERB
cblr-2937	1476	12	out	out	ADP
cblr-2937	1476	13	to	to	PART
cblr-2937	1476	14	be	be	AUX
cblr-2937	1476	15	of	of	ADP
cblr-2937	1476	16	low	low	ADJ
cblr-2937	1476	17	quality.30	quality.30	NOUN
cblr-2937	1476	18	'	'	PUNCT
cblr-2937	1476	19	there	there	PRON
cblr-2937	1476	20	are	be	VERB
cblr-2937	1476	21	a	a	DET
cblr-2937	1476	22	number	number	NOUN
cblr-2937	1476	23	of	of	ADP
cblr-2937	1476	24	possible	possible	ADJ
cblr-2937	1476	25	explanations	explanation	NOUN
cblr-2937	1476	26	for	for	ADP
cblr-2937	1476	27	the	the	DET
cblr-2937	1476	28	fact	fact	NOUN
cblr-2937	1476	29	that	that	SCONJ
cblr-2937	1476	30	this	this	PRON
cblr-2937	1476	31	has	have	AUX
cblr-2937	1476	32	not	not	PART
cblr-2937	1476	33	happened	happen	VERB
cblr-2937	1476	34	.	.	PUNCT
cblr-2937	1477	1	first	first	ADV
cblr-2937	1477	2	,	,	PUNCT
cblr-2937	1477	3	the	the	DET
cblr-2937	1477	4	"	"	PUNCT
cblr-2937	1477	5	reputational	reputational	ADJ
cblr-2937	1477	6	-	-	PUNCT
cblr-2937	1477	7	capital	capital	NOUN
cblr-2937	1477	8	"	"	PUNCT
cblr-2937	1477	9	model	model	NOUN
cblr-2937	1477	10	could	could	AUX
cblr-2937	1477	11	be	be	AUX
cblr-2937	1477	12	fundamentally	fundamentally	ADV
cblr-2937	1477	13	inadequate	inadequate	ADJ
cblr-2937	1477	14	in	in	ADP
cblr-2937	1477	15	describing	describe	VERB
cblr-2937	1477	16	the	the	DET
cblr-2937	1477	17	rating	rating	NOUN
cblr-2937	1477	18	market	market	NOUN
cblr-2937	1477	19	.	.	PUNCT
cblr-2937	1478	1	if	if	SCONJ
cblr-2937	1478	2	the	the	DET
cblr-2937	1478	3	fundamental	fundamental	ADJ
cblr-2937	1478	4	driver	driver	NOUN
cblr-2937	1478	5	of	of	ADP
cblr-2937	1478	6	rating	rating	NOUN
cblr-2937	1478	7	agencies	agency	NOUN
cblr-2937	1478	8	'	'	PART
cblr-2937	1478	9	business	business	NOUN
cblr-2937	1478	10	is	be	AUX
cblr-2937	1478	11	something	something	PRON
cblr-2937	1478	12	other	other	ADJ
cblr-2937	1478	13	than	than	ADP
cblr-2937	1478	14	a	a	DET
cblr-2937	1478	15	deserved	deserved	ADJ
cblr-2937	1478	16	reputation	reputation	NOUN
cblr-2937	1478	17	for	for	ADP
cblr-2937	1478	18	high	high	ADJ
cblr-2937	1478	19	-	-	PUNCT
cblr-2937	1478	20	quality	quality	NOUN
cblr-2937	1478	21	ratings	rating	NOUN
cblr-2937	1478	22	,	,	PUNCT
cblr-2937	1478	23	then	then	ADV
cblr-2937	1478	24	rating	rating	NOUN
cblr-2937	1478	25	agencies	agency	NOUN
cblr-2937	1478	26	have	have	VERB
cblr-2937	1478	27	no	no	DET
cblr-2937	1478	28	incentive	incentive	NOUN
cblr-2937	1478	29	to	to	PART
cblr-2937	1478	30	guarantee	guarantee	VERB
cblr-2937	1478	31	their	their	PRON
cblr-2937	1478	32	rating	rating	NOUN
cblr-2937	1478	33	quality	quality	NOUN
cblr-2937	1478	34	.	.	PUNCT
cblr-2937	1479	1	second	second	ADJ
cblr-2937	1479	2	,	,	PUNCT
cblr-2937	1479	3	there	there	PRON
cblr-2937	1479	4	could	could	AUX
cblr-2937	1479	5	be	be	AUX
cblr-2937	1479	6	a	a	DET
cblr-2937	1479	7	collective	collective	ADJ
cblr-2937	1479	8	action	action	NOUN
cblr-2937	1479	9	problem	problem	NOUN
cblr-2937	1479	10	.	.	PUNCT
cblr-2937	1480	1	if	if	SCONJ
cblr-2937	1480	2	,	,	PUNCT
cblr-2937	1480	3	as	as	SCONJ
cblr-2937	1480	4	rating	rating	NOUN
cblr-2937	1480	5	agencies	agency	NOUN
cblr-2937	1480	6	argue	argue	VERB
cblr-2937	1480	7	,	,	PUNCT
cblr-2937	1480	8	they	they	PRON
cblr-2937	1480	9	have	have	VERB
cblr-2937	1480	10	little	little	ADJ
cblr-2937	1480	11	incentive	incentive	NOUN
cblr-2937	1480	12	to	to	PART
cblr-2937	1480	13	respond	respond	VERB
cblr-2937	1480	14	to	to	ADP
cblr-2937	1480	15	the	the	DET
cblr-2937	1480	16	demands	demand	NOUN
cblr-2937	1480	17	of	of	ADP
cblr-2937	1480	18	any	any	DET
cblr-2937	1480	19	individual	individual	ADJ
cblr-2937	1480	20	issuer	issuer	NOUN
cblr-2937	1480	21	because	because	SCONJ
cblr-2937	1480	22	there	there	PRON
cblr-2937	1480	23	are	be	VERB
cblr-2937	1480	24	so	so	ADV
cblr-2937	1480	25	many	many	ADJ
cblr-2937	1480	26	issuers	issuer	NOUN
cblr-2937	1480	27	,	,	PUNCT
cblr-2937	1480	28	they	they	PRON
cblr-2937	1480	29	have	have	VERB
cblr-2937	1480	30	even	even	ADV
cblr-2937	1480	31	less	less	ADJ
cblr-2937	1480	32	incentive	incentive	NOUN
cblr-2937	1480	33	to	to	PART
cblr-2937	1480	34	respond	respond	VERB
cblr-2937	1480	35	to	to	ADP
cblr-2937	1480	36	the	the	DET
cblr-2937	1480	37	demand	demand	NOUN
cblr-2937	1480	38	of	of	ADP
cblr-2937	1480	39	an	an	DET
cblr-2937	1480	40	individual	individual	ADJ
cblr-2937	1480	41	investor	investor	NOUN
cblr-2937	1480	42	3	3	NUM
cblr-2937	1480	43	'	'	PUNCT
cblr-2937	1480	44	but	but	CCONJ
cblr-2937	1480	45	see	see	VERB
cblr-2937	1480	46	dittrich	dittrich	NOUN
cblr-2937	1480	47	,	,	PUNCT
cblr-2937	1480	48	supra	supra	PROPN
cblr-2937	1480	49	note	note	NOUN
cblr-2937	1480	50	12	12	NUM
cblr-2937	1480	51	,	,	PUNCT
cblr-2937	1480	52	at	at	ADP
cblr-2937	1480	53	15	15	NUM
cblr-2937	1480	54	(	(	PUNCT
cblr-2937	1480	55	"	"	PUNCT
cblr-2937	1480	56	guarantees	guarantee	NOUN
cblr-2937	1480	57	.	.	PUNCT
cblr-2937	1480	58	.	.	PUNCT
cblr-2937	1481	1	.	.	PUNCT
cblr-2937	1482	1	are	be	AUX
cblr-2937	1482	2	not	not	PART
cblr-2937	1482	3	applicable	applicable	ADJ
cblr-2937	1482	4	as	as	SCONJ
cblr-2937	1482	5	rating	rating	NOUN
cblr-2937	1482	6	quality	quality	NOUN
cblr-2937	1482	7	is	be	AUX
cblr-2937	1482	8	measured	measure	VERB
cblr-2937	1482	9	against	against	ADP
cblr-2937	1482	10	statistical	statistical	ADJ
cblr-2937	1482	11	default	default	NOUN
cblr-2937	1482	12	rates	rate	NOUN
cblr-2937	1482	13	.	.	PUNCT
cblr-2937	1483	1	"	"	PUNCT
cblr-2937	1483	2	)	)	PUNCT
cblr-2937	1483	3	.	.	PUNCT
cblr-2937	1484	1	301	301	NUM
cblr-2937	1484	2	if	if	SCONJ
cblr-2937	1484	3	investors	investor	NOUN
cblr-2937	1484	4	were	be	AUX
cblr-2937	1484	5	to	to	PART
cblr-2937	1484	6	fund	fund	VERB
cblr-2937	1484	7	the	the	DET
cblr-2937	1484	8	rating	rating	NOUN
cblr-2937	1484	9	process	process	NOUN
cblr-2937	1484	10	directly	directly	ADV
cblr-2937	1484	11	,	,	PUNCT
cblr-2937	1484	12	a	a	DET
cblr-2937	1484	13	disgorgement	disgorgement	NOUN
cblr-2937	1484	14	pledge	pledge	NOUN
cblr-2937	1484	15	might	might	AUX
cblr-2937	1484	16	well	well	ADV
cblr-2937	1484	17	take	take	VERB
cblr-2937	1484	18	the	the	DET
cblr-2937	1484	19	form	form	NOUN
cblr-2937	1484	20	of	of	ADP
cblr-2937	1484	21	a	a	DET
cblr-2937	1484	22	money	money	NOUN
cblr-2937	1484	23	-	-	PUNCT
cblr-2937	1484	24	back	back	NOUN
cblr-2937	1484	25	guarantee	guarantee	NOUN
cblr-2937	1484	26	.	.	PUNCT
cblr-2937	1485	1	col	col	PROPN
cblr-2937	1485	2	umbia	umbia	PROPN
cblr-2937	1485	3	b	b	PROPN
cblr-2937	1485	4	usiness	usiness	PROPN
cblr-2937	1485	5	la	la	PROPN
cblr-2937	1485	6	w	w	PROPN
cblr-2937	1485	7	re	re	PROPN
cblr-2937	1485	8	vie	vie	PROPN
cblr-2937	1485	9	w	w	PROPN
cblr-2937	1486	1	[	[	X
cblr-2937	1486	2	vol	vol	NOUN
cblr-2937	1486	3	.	.	NOUN
cblr-2937	1486	4	2009	2009	NUM
cblr-2937	1486	5	credit	credit	NOUN
cblr-2937	1486	6	ra	ra	PROPN
cblr-2937	1486	7	ting	ting	PROPN
cblr-2937	1486	8	agencies	agency	NOUN
cblr-2937	1486	9	to	to	PART
cblr-2937	1486	10	guarantee	guarantee	VERB
cblr-2937	1486	11	rating	rating	NOUN
cblr-2937	1486	12	quality	quality	NOUN
cblr-2937	1486	13	-	-	PUNCT
cblr-2937	1486	14	especially	especially	ADV
cblr-2937	1486	15	given	give	VERB
cblr-2937	1486	16	that	that	SCONJ
cblr-2937	1486	17	agencies	agency	NOUN
cblr-2937	1486	18	derive	derive	VERB
cblr-2937	1486	19	most	most	ADJ
cblr-2937	1486	20	of	of	ADP
cblr-2937	1486	21	their	their	PRON
cblr-2937	1486	22	revenue	revenue	NOUN
cblr-2937	1486	23	from	from	ADP
cblr-2937	1486	24	issuers	issuer	NOUN
cblr-2937	1486	25	and	and	CCONJ
cblr-2937	1486	26	not	not	PART
cblr-2937	1486	27	investors	investor	NOUN
cblr-2937	1486	28	.	.	PUNCT
cblr-2937	1487	1	it	it	PRON
cblr-2937	1487	2	might	might	AUX
cblr-2937	1487	3	not	not	PART
cblr-2937	1487	4	be	be	AUX
cblr-2937	1487	5	practical	practical	ADJ
cblr-2937	1487	6	for	for	SCONJ
cblr-2937	1487	7	investors	investor	NOUN
cblr-2937	1487	8	to	to	PART
cblr-2937	1487	9	undertake	undertake	VERB
cblr-2937	1487	10	the	the	DET
cblr-2937	1487	11	joint	joint	ADJ
cblr-2937	1487	12	action	action	NOUN
cblr-2937	1487	13	needed	need	VERB
cblr-2937	1487	14	to	to	PART
cblr-2937	1487	15	achieve	achieve	VERB
cblr-2937	1487	16	the	the	DET
cblr-2937	1487	17	desired	desire	VERB
cblr-2937	1487	18	result	result	NOUN
cblr-2937	1487	19	.	.	PUNCT
cblr-2937	1488	1	in	in	ADP
cblr-2937	1488	2	either	either	DET
cblr-2937	1488	3	case	case	NOUN
cblr-2937	1488	4	,	,	PUNCT
cblr-2937	1488	5	market	market	NOUN
cblr-2937	1488	6	incentives	incentive	NOUN
cblr-2937	1488	7	would	would	AUX
cblr-2937	1488	8	not	not	PART
cblr-2937	1488	9	produce	produce	VERB
cblr-2937	1488	10	high	high	ADJ
cblr-2937	1488	11	-	-	PUNCT
cblr-2937	1488	12	quality	quality	NOUN
cblr-2937	1488	13	ratings	rating	NOUN
cblr-2937	1488	14	.	.	PUNCT
cblr-2937	1489	1	a	a	DET
cblr-2937	1489	2	third	third	ADJ
cblr-2937	1489	3	possibility	possibility	NOUN
cblr-2937	1489	4	is	be	AUX
cblr-2937	1489	5	that	that	SCONJ
cblr-2937	1489	6	contractual	contractual	ADJ
cblr-2937	1489	7	quality	quality	NOUN
cblr-2937	1489	8	guarantees	guarantee	NOUN
cblr-2937	1489	9	are	be	AUX
cblr-2937	1489	10	not	not	PART
cblr-2937	1489	11	used	use	VERB
cblr-2937	1489	12	because	because	SCONJ
cblr-2937	1489	13	of	of	ADP
cblr-2937	1489	14	characteristics	characteristic	NOUN
cblr-2937	1489	15	of	of	ADP
cblr-2937	1489	16	the	the	DET
cblr-2937	1489	17	rating	rating	NOUN
cblr-2937	1489	18	market	market	NOUN
cblr-2937	1489	19	(	(	PUNCT
cblr-2937	1489	20	such	such	ADJ
cblr-2937	1489	21	as	as	ADP
cblr-2937	1489	22	lack	lack	NOUN
cblr-2937	1489	23	of	of	ADP
cblr-2937	1489	24	competition	competition	NOUN
cblr-2937	1489	25	and	and	CCONJ
cblr-2937	1489	26	conflicts	conflict	NOUN
cblr-2937	1489	27	of	of	ADP
cblr-2937	1489	28	interest	interest	NOUN
cblr-2937	1489	29	)	)	PUNCT
cblr-2937	1489	30	that	that	SCONJ
cblr-2937	1489	31	policymakers	policymaker	NOUN
cblr-2937	1489	32	are	be	AUX
cblr-2937	1489	33	working	work	VERB
cblr-2937	1489	34	to	to	PART
cblr-2937	1489	35	change	change	VERB
cblr-2937	1489	36	.	.	PUNCT
cblr-2937	1490	1	if	if	SCONJ
cblr-2937	1490	2	so	so	ADV
cblr-2937	1490	3	,	,	PUNCT
cblr-2937	1490	4	a	a	DET
cblr-2937	1490	5	contractual	contractual	ADJ
cblr-2937	1490	6	system	system	NOUN
cblr-2937	1490	7	of	of	ADP
cblr-2937	1490	8	quality	quality	NOUN
cblr-2937	1490	9	guarantees	guarantee	NOUN
cblr-2937	1490	10	might	might	AUX
cblr-2937	1490	11	be	be	AUX
cblr-2937	1490	12	expected	expect	VERB
cblr-2937	1490	13	to	to	PART
cblr-2937	1490	14	emerge	emerge	VERB
cblr-2937	1490	15	and	and	CCONJ
cblr-2937	1490	16	obviate	obviate	VERB
cblr-2937	1490	17	the	the	DET
cblr-2937	1490	18	regulatory	regulatory	ADJ
cblr-2937	1490	19	"	"	PUNCT
cblr-2937	1490	20	disclose	disclose	VERB
cblr-2937	1490	21	or	or	CCONJ
cblr-2937	1490	22	disgorge	disgorge	VERB
cblr-2937	1490	23	"	"	PUNCT
cblr-2937	1490	24	system	system	NOUN
cblr-2937	1490	25	over	over	ADP
cblr-2937	1490	26	time	time	NOUN
cblr-2937	1490	27	.	.	PUNCT
cblr-2937	1491	1	vi	vi	X
cblr-2937	1491	2	.	.	PROPN
cblr-2937	1491	3	conclusion	conclusion	NOUN
cblr-2937	1491	4	fear	fear	NOUN
cblr-2937	1491	5	of	of	ADP
cblr-2937	1491	6	losing	lose	VERB
cblr-2937	1491	7	reputational	reputational	ADJ
cblr-2937	1491	8	capital	capital	NOUN
cblr-2937	1491	9	is	be	AUX
cblr-2937	1491	10	not	not	PART
cblr-2937	1491	11	likely	likely	ADJ
cblr-2937	1491	12	to	to	PART
cblr-2937	1491	13	constrain	constrain	VERB
cblr-2937	1491	14	credit	credit	NOUN
cblr-2937	1491	15	rating	rating	NOUN
cblr-2937	1491	16	agencies	agency	NOUN
cblr-2937	1491	17	from	from	ADP
cblr-2937	1491	18	issuing	issue	VERB
cblr-2937	1491	19	low	low	ADJ
cblr-2937	1491	20	-	-	PUNCT
cblr-2937	1491	21	quality	quality	NOUN
cblr-2937	1491	22	ratings	rating	NOUN
cblr-2937	1491	23	on	on	ADP
cblr-2937	1491	24	novel	novel	ADJ
cblr-2937	1491	25	products	product	NOUN
cblr-2937	1491	26	,	,	PUNCT
cblr-2937	1491	27	principally	principally	ADV
cblr-2937	1491	28	because	because	SCONJ
cblr-2937	1491	29	they	they	PRON
cblr-2937	1491	30	have	have	VERB
cblr-2937	1491	31	no	no	DET
cblr-2937	1491	32	reputation	reputation	NOUN
cblr-2937	1491	33	in	in	ADP
cblr-2937	1491	34	this	this	DET
cblr-2937	1491	35	type	type	NOUN
cblr-2937	1491	36	of	of	ADP
cblr-2937	1491	37	product	product	NOUN
cblr-2937	1491	38	rating	rating	NOUN
cblr-2937	1491	39	to	to	PART
cblr-2937	1491	40	lose	lose	VERB
cblr-2937	1491	41	.	.	PUNCT
cblr-2937	1492	1	in	in	ADP
cblr-2937	1492	2	this	this	DET
cblr-2937	1492	3	context	context	NOUN
cblr-2937	1492	4	,	,	PUNCT
cblr-2937	1492	5	the	the	DET
cblr-2937	1492	6	dominant	dominant	ADJ
cblr-2937	1492	7	academic	academic	ADJ
cblr-2937	1492	8	view	view	NOUN
cblr-2937	1492	9	of	of	ADP
cblr-2937	1492	10	rating	rating	NOUN
cblr-2937	1492	11	agencies	agency	NOUN
cblr-2937	1492	12	,	,	PUNCT
cblr-2937	1492	13	which	which	PRON
cblr-2937	1492	14	underlies	underlie	VERB
cblr-2937	1492	15	most	most	ADJ
cblr-2937	1492	16	reform	reform	NOUN
cblr-2937	1492	17	efforts	effort	NOUN
cblr-2937	1492	18	-	-	PUNCT
cblr-2937	1492	19	including	include	VERB
cblr-2937	1492	20	all	all	DET
cblr-2937	1492	21	such	such	ADJ
cblr-2937	1492	22	efforts	effort	NOUN
cblr-2937	1492	23	that	that	PRON
cblr-2937	1492	24	have	have	AUX
cblr-2937	1492	25	actually	actually	ADV
cblr-2937	1492	26	gone	go	VERB
cblr-2937	1492	27	into	into	ADP
cblr-2937	1492	28	effect	effect	NOUN
cblr-2937	1492	29	-	-	PUNCT
cblr-2937	1492	30	is	be	AUX
cblr-2937	1492	31	therefore	therefore	ADV
cblr-2937	1492	32	likely	likely	ADJ
cblr-2937	1492	33	to	to	PART
cblr-2937	1492	34	be	be	AUX
cblr-2937	1492	35	wrong	wrong	ADJ
cblr-2937	1492	36	.	.	PUNCT
cblr-2937	1493	1	accordingly	accordingly	ADV
cblr-2937	1493	2	,	,	PUNCT
cblr-2937	1493	3	reform	reform	NOUN
cblr-2937	1493	4	efforts	effort	NOUN
cblr-2937	1493	5	to	to	ADP
cblr-2937	1493	6	date	date	NOUN
cblr-2937	1493	7	are	be	AUX
cblr-2937	1493	8	fundamentally	fundamentally	ADV
cblr-2937	1493	9	limited	limit	VERB
cblr-2937	1493	10	in	in	ADP
cblr-2937	1493	11	their	their	PRON
cblr-2937	1493	12	ability	ability	NOUN
cblr-2937	1493	13	to	to	PART
cblr-2937	1493	14	bring	bring	VERB
cblr-2937	1493	15	about	about	ADP
cblr-2937	1493	16	highquality	highquality	NOUN
cblr-2937	1493	17	ratings	rating	NOUN
cblr-2937	1493	18	for	for	ADP
cblr-2937	1493	19	novel	novel	ADJ
cblr-2937	1493	20	financial	financial	ADJ
cblr-2937	1493	21	products	product	NOUN
cblr-2937	1493	22	.	.	PUNCT
cblr-2937	1494	1	this	this	DET
cblr-2937	1494	2	issue	issue	NOUN
cblr-2937	1494	3	is	be	AUX
cblr-2937	1494	4	critical	critical	ADJ
cblr-2937	1494	5	in	in	ADP
cblr-2937	1494	6	light	light	NOUN
cblr-2937	1494	7	of	of	ADP
cblr-2937	1494	8	the	the	DET
cblr-2937	1494	9	fact	fact	NOUN
cblr-2937	1494	10	that	that	SCONJ
cblr-2937	1494	11	innovation	innovation	NOUN
cblr-2937	1494	12	has	have	AUX
cblr-2937	1494	13	become	become	VERB
cblr-2937	1494	14	a	a	DET
cblr-2937	1494	15	fundamental	fundamental	ADJ
cblr-2937	1494	16	and	and	CCONJ
cblr-2937	1494	17	persistent	persistent	ADJ
cblr-2937	1494	18	feature	feature	NOUN
cblr-2937	1494	19	of	of	ADP
cblr-2937	1494	20	financial	financial	ADJ
cblr-2937	1494	21	markets	market	NOUN
cblr-2937	1494	22	.	.	PUNCT
cblr-2937	1495	1	under	under	ADP
cblr-2937	1495	2	the	the	DET
cblr-2937	1495	3	apparently	apparently	ADV
cblr-2937	1495	4	correct	correct	ADJ
cblr-2937	1495	5	assumption	assumption	NOUN
cblr-2937	1495	6	that	that	SCONJ
cblr-2937	1495	7	agencies	agency	NOUN
cblr-2937	1495	8	have	have	AUX
cblr-2937	1495	9	some	some	DET
cblr-2937	1495	10	knowledge	knowledge	NOUN
cblr-2937	1495	11	of	of	ADP
cblr-2937	1495	12	the	the	DET
cblr-2937	1495	13	quality	quality	NOUN
cblr-2937	1495	14	of	of	ADP
cblr-2937	1495	15	their	their	PRON
cblr-2937	1495	16	ratings	rating	NOUN
cblr-2937	1495	17	,	,	PUNCT
cblr-2937	1495	18	rating	rating	NOUN
cblr-2937	1495	19	quality	quality	NOUN
cblr-2937	1495	20	could	could	AUX
cblr-2937	1495	21	be	be	AUX
cblr-2937	1495	22	improved	improve	VERB
cblr-2937	1495	23	by	by	ADP
cblr-2937	1495	24	adopting	adopt	VERB
cblr-2937	1495	25	a	a	DET
cblr-2937	1495	26	rule	rule	NOUN
cblr-2937	1495	27	requiring	require	VERB
cblr-2937	1495	28	a	a	DET
cblr-2937	1495	29	rating	rating	NOUN
cblr-2937	1495	30	agency	agency	NOUN
cblr-2937	1495	31	to	to	ADP
cblr-2937	1495	32	either	either	CCONJ
cblr-2937	1495	33	(	(	PUNCT
cblr-2937	1495	34	a	a	X
cblr-2937	1495	35	)	)	PUNCT
cblr-2937	1495	36	disclose	disclose	VERB
cblr-2937	1495	37	that	that	SCONJ
cblr-2937	1495	38	it	it	PRON
cblr-2937	1495	39	believes	believe	VERB
cblr-2937	1495	40	that	that	SCONJ
cblr-2937	1495	41	its	its	PRON
cblr-2937	1495	42	ratings	rating	NOUN
cblr-2937	1495	43	on	on	ADP
cblr-2937	1495	44	a	a	DET
cblr-2937	1495	45	new	new	ADJ
cblr-2937	1495	46	product	product	NOUN
cblr-2937	1495	47	is	be	AUX
cblr-2937	1495	48	of	of	ADP
cblr-2937	1495	49	low	low	ADJ
cblr-2937	1495	50	quality	quality	NOUN
cblr-2937	1495	51	,	,	PUNCT
cblr-2937	1495	52	or	or	CCONJ
cblr-2937	1495	53	(	(	PUNCT
cblr-2937	1495	54	b	b	X
cblr-2937	1495	55	)	)	PUNCT
cblr-2937	1495	56	disgorge	disgorge	VERB
cblr-2937	1495	57	profits	profit	NOUN
cblr-2937	1495	58	derived	derive	VERB
cblr-2937	1495	59	from	from	ADP
cblr-2937	1495	60	selling	sell	VERB
cblr-2937	1495	61	ratings	rating	NOUN
cblr-2937	1495	62	on	on	ADP
cblr-2937	1495	63	new	new	ADJ
cblr-2937	1495	64	products	product	NOUN
cblr-2937	1495	65	that	that	PRON
cblr-2937	1495	66	turn	turn	VERB
cblr-2937	1495	67	out	out	ADP
cblr-2937	1495	68	to	to	PART
cblr-2937	1495	69	be	be	AUX
cblr-2937	1495	70	of	of	ADP
cblr-2937	1495	71	poor	poor	ADJ
cblr-2937	1495	72	quality	quality	NOUN
cblr-2937	1495	73	.	.	PUNCT
cblr-2937	1496	1	this	this	DET
cblr-2937	1496	2	proposal	proposal	NOUN
cblr-2937	1496	3	directly	directly	ADV
cblr-2937	1496	4	addresses	address	VERB
cblr-2937	1496	5	the	the	DET
cblr-2937	1496	6	problem	problem	NOUN
cblr-2937	1496	7	with	with	ADP
cblr-2937	1496	8	ratings	rating	NOUN
cblr-2937	1496	9	on	on	ADP
cblr-2937	1496	10	novel	novel	ADJ
cblr-2937	1496	11	financial	financial	ADJ
cblr-2937	1496	12	instruments	instrument	NOUN
cblr-2937	1496	13	,	,	PUNCT
cblr-2937	1496	14	is	be	AUX
cblr-2937	1496	15	more	more	ADV
cblr-2937	1496	16	likely	likely	ADJ
cblr-2937	1496	17	to	to	PART
cblr-2937	1496	18	be	be	AUX
cblr-2937	1496	19	effective	effective	ADJ
cblr-2937	1496	20	than	than	ADP
cblr-2937	1496	21	the	the	DET
cblr-2937	1496	22	sec	sec	PROPN
cblr-2937	1496	23	's	's	PART
cblr-2937	1496	24	proposed	propose	VERB
cblr-2937	1496	25	grab	grab	NOUN
cblr-2937	1496	26	bag	bag	NOUN
cblr-2937	1496	27	of	of	ADP
cblr-2937	1496	28	new	new	ADJ
cblr-2937	1496	29	rules	rule	NOUN
cblr-2937	1496	30	,	,	PUNCT
cblr-2937	1496	31	and	and	CCONJ
cblr-2937	1496	32	is	be	AUX
cblr-2937	1496	33	less	less	ADV
cblr-2937	1496	34	intrusive	intrusive	ADJ
cblr-2937	1496	35	than	than	ADP
cblr-2937	1496	36	other	other	ADJ
cblr-2937	1496	37	direct	direct	ADJ
cblr-2937	1496	38	interventions	intervention	NOUN
cblr-2937	1496	39	in	in	ADP
cblr-2937	1496	40	the	the	DET
cblr-2937	1496	41	rating	rating	NOUN
cblr-2937	1496	42	market	market	NOUN
cblr-2937	1496	43	.	.	PUNCT
cblr-2937	1497	1	no	no	INTJ
cblr-2937	1497	2	.	.	NOUN
cblr-2937	1498	1	1	1	NUM
cblr-2937	1498	2	:	:	SYM
cblr-2937	1498	3	109	109	NUM
cblr-2937	1498	4	]	]	PUNCT