Richard Shelby actually said...

For taxpayers to be fully repaid, General Motors' market capitalization would need to increase by about 14,000 percent--14,000 percent.

Senator Shelby highlights the improbability of GM repaying taxpayers based on its current market capitalization.

09/23/2009

More Richard Shelby Quotes

OK. Were there any subsequent large transfers out of MF Global's own accounts to pay counterparties?

What is your best judgment on how long it will take to recover the remaining $900 million in customer funds?

That $1.6 billion in customer assets that remain subject to ownership dispute reveals a serious regulatory failure, I believe.

The collapse of MF Global is one of the largest bankruptcies in U.S. history and the greatest consumer protection failure since the enactmen...