Richard Shelby actually said...

"I agree with Secretary Geithner that housing finance reform is overdue and should be promptly addressed."

"Guarantees are perilous. Governments are not very good at doing them, not very good at designing them, not very good at pricing them, not very good at limiting the moral hazard risk that comes with th..."

"It is a catastrophic risk."

"encouraging low down payment lending is a mistake. It just creates gambling."