Richard Shelby actually said...

"I hope we can, because if you are socializing the risk, putting it on the taxpayer, and privatizing the profits to the shareholders, we have got a bad situation."

"If we do not keep the politics out of it, we are going to repeat where we are today down the road, are we not?"

"It is essential. Now, markets do not always get these things right, but they have no chance to get it right without better disclosure."

"The goal should be to scale back the Government's role in mortgage finance and promote the return of private capital."