Richard Shelby actually said...

"Do you think that a 2-percent capital requirement is adequate--because we are a long way from 2 percent--to protect the taxpayers from bailing out FHA in the future?"

"So that is the----"

"I think it is disappointing that 4 years after the bursting of the housing bubble, the Committee has still not produced comprehensive housing legislation."

"A lot of our concern--and I think Senator Corker has enunciated this, too, up here--is we do not want the taxpayer to take the hit."