Patrick Toomey actually said...

We have exacerbated the problems of under-funded pension plans and we have got distortions in financial markets.

Toomey notes the negative effects of monetary policy on pensions and financial markets.

11/13/2013

More Patrick Toomey Quotes

And failure to do so would absolutely mislead about the nature of those risks.

We were failing in our statutory obligation and an obligation based on decency to do a budget.

There is a systematic risk that we are underestimating the risks of the assets that we are claiming.

So if you use that methodology for different borrowers, is it fair to say that that methodology fails to capture the different credit qualit...