You Will Love This Find!

A top official of one of the country's top rating agencies had this to say recently defending their analysis of the creditworthiness of subprime mortgage-backed securities, "....directionally we got it right.  What we missed was the magnitude adn the speed of the deterioration of mortgage product in 2006."

I love this excuse!

Next time a police officer pulls you ove for speeding you can use this too.  "Um, sir, I had the direction right is just didn't judge the magnitude I was applying to the gas pedal and the speed at which my vehicle would go."

:)