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2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

Oct. 23, 2008

When the referee is being paid by the players, no one should be surprised when the game spins out of control...You have so screwed up the ratings as to not be believable."
— Rep. Christopher Shays (R-Conn.) to the executives of the three major credit rating agencies, Oct. 22

By Editor  |  October 23, 2008; 7:38 AM ET
Categories:  Quotables  
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"The story of the credit-rating agencies is the story of a colossal failure," Waxman

My credit rating isn't great. People were calling me a deadbeat and these are now the same people now losing tens of thousands of dollars on mortgages and other bad plans. I have no mortgage or no use for a mortgage. I could use more dollars to speed up my progress. Progress is kind of slow now. I'm sticking with the permanent plan. You guys do what you want.

Posted by: James | October 23, 2008 9:15 AM | Report abuse

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