David Scott actually said...

This issue was created by overexuberant, overeager executives who were compensated for lack of performance.

Scott blames executives for the compensation issues leading to economic problems.

06/10/2009

More David Scott Quotes

We just need to put out the damned fire.

What has caused this? I think if you each could tell us quickly, if you could put your hand on one thing...

Why did the cost of a college education explode over this period at a rate 8 times greater?

We are spending hours talking about servicers here instead of talking holistically about the root cause of the problem.