Richard Shelby actually said...

"You would have to give them an 'F.' You would have to give them an 'F' if you were a teacher on their ability to regulate the banks."

"What is the end game with AIG, as you see it? More taxpayers' money floating their business and----"

"We are in the midst of an unprecedented financial crisis. I believe the challenge before us involves three tasks: First, we must work to stabilize the system. Second, we must understand the origins of..."

"unless, as Senator Shelby suggests, we all concentrate on it and reflect on it without defensiveness, we are not going to learn the lessons that need to be learned."