Richard Shelby actually said...

"We used to look at Wall Street and say they were the smartest people in the world. Now, that has been doubted today in a lot of ways."

"I voted against the TARP because Treasury's warnings and promises seemed calculated to induce panic rather than to ensure proper stewardship of taxpayer dollars."

"Americans have a right to know, I believe, where their money went and whether it is working, which many are doubtful."

"I am concerned, especially given the limited life of the TARP program, that employees of TARP may be facing significant... conflicts of interest."