Patrick Toomey actually said...

"So if you use that methodology for different borrowers, is it fair to say that that methodology fails to capture the different credit quality of different borrowers?"

"If you have a loan that is made or guaranteed by the Federal Government through a vehicle like the Ex-Im Bank or more directly, and you have two loans, identical in all terms, but in one case the borr..."

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

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