Patrick McHenry actually said...

"In terms of what has happened in Ohio, according to municipal bond strategists, upon the recent passage of Ohio State union reform legislation, the cost of borrowing reflected by the yield of the Stat..."

"This is a beef with the credit rating agencies, is you guys talk around the problem and actually not address it."

"Would uniform disclosures assist in credit rating and transparency for investors?"

"I think that the challenge, when you look at public plans, is that the current governmental accounting standards allow for a range of actuarial assumptions when they are calculating those liabilities."