What did he say?

I heard the CBS statement today, but I had no idea what it actually said. In case I'm not the only one who didn't understand the long-awaited statement, Powerline has kindly translated it for us. (I posted the content here cause it short and I want to save you all time :)

Statement from CBS:

"We established to our satisfaction that the memos were accurate or we would not have put them on television. There was a great deal of coroborating [sic] evidence from people in a position to know. Having said that, given all the questions about them, we believe we should redouble our efforts to answer those questions, so that's what we are doing."

Translation by Scott Johnson:

CBS has played its cards; it holds none. CBS now undertakes efforts to discover evidence bolstering a story that has blown up in its face. Its efforts should be redirected to facing reality and acknowledging culpability. It is now at the least complicit in a fraud of monumental proportions.

Other reactions:
An Instapundit reader said this:
The best part is the president of CBS news can't spell! I guess that's proof they didn't use Microsoft Word!

Sigh.
Instapundit also noted that the memos have gone from "Authentic" to "accurate." What's up with that? Are we still supposed to believe the 80+ year old Anti-Bush former secretary that says those "ideas" seem to match some stuff she heard 30 years ago? Or more incredibly, that there actually were documents that said such things? If there were...where are they now? CBS is dragging their feet, creating more problems for themselves.

Meanwhile One Hand Clapping humorously imagines what it was like for the blogs to wait for the release of the statement. (via Instapundit)

Finally, If you are desperate for even more reaction to this (cause I know you love it) you can find it here,here (with a good picture), and here(with the winning title "Double plus ungood").

UPDATE: CBS sent a longer statement to its affiliates. Little Green Footballs posts it in full, but if you want to read it with running commentary/translation, check here. [Beware, it's pretty long.]