Richard Shelby actually said...

You have got to have data on the percentage of loans, say, in 2000, 2005 out there, how many foreclosures, how many underwater, and all this.

Shelby demands historical data on loans and foreclosures for better oversight.

09/22/2010

More Richard Shelby Quotes

The SEC's Consolidated Supervised Entity Program, I believe was not a success.

I think we ought to pay particular attention to that.

I appreciate these hearings that you are putting together, and, gosh, we could be here all week and learn a heck of a lot.

So many of our big banks failed under their supervision, that says a lot to me about the Fed's inadequacies.