Richard Shelby actually said...

There is no system that is built to withstand an insolvency the size of the notional value of the credit default swaps AIG was invested in.

Shelby emphasizes the unprecedented scale of AIG's financial exposure.

03/16/2009

More Richard Shelby Quotes

These rules, I believe, are clearly not meant to reform the program but, some people believe, to shutter it.

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