Richard Shelby actually said...

And that is a time bomb, is it not?

It is like those kinds of loans were a recipe for a disaster.

that is, it sits in the taxpayer's lap, like it is today, Fannie and Freddie--and privatize the profits. That is a dangerous situation, is i...

So while the bank crisis grew underneath their feet, they continued to sleep in a sense or look the other way.