Richard Shelby actually said...

Dodd-Frank established the Financial Stability Oversight Council and charged it with monitoring risk in the U.S. financial system.

Shelby outlines the role of the Financial Stability Oversight Council under Dodd-Frank.

05/11/2011

More Richard Shelby Quotes

The economy is highly vulnerable and there is little clarity with respect to the best way forward.

I think there was quite a bit of misjudgment regarding asset quality, including the quality of mortgage-backed securities.

I think it is inexcusable.

The nominees for positions on the Federal Reserve Board, if approved, will face difficult and important decisions for the American economy.