Richard Shelby actually said...

While I believe that there are many credit card practices that need reforming, I also believe that regulators need to be especially careful in this time of financial stress not to take actions that unduly restrict the availability of credit.

02/11/2009

https://www.congress.gov...

More Richard Shelby Quotes

"Since the Administration admittedly did not have the key data, it seems to me, for evaluating the proposal, what is the basis for your support of this proposal?"
"Millions of mortgages are underwater, and Fannie and Freddie continue to lose money at the expense of the American taxpayer."
"Do you share my overall concern about the solvency of FHA, which is under your jurisdiction?"
"The latest actuarial report states that FHA's capital ratio is only 0.24 percent. Mighty low."

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