Richard Shelby actually said...

"The collapse of the American International Group is the largest corporate failure in American history."

"I hope we will not rush to consolidate all the bank regulatory systems. But I do believe that we need to go down that road and we need to do it right."

"The Fed is the central bank, supposed to be the lender of last resort. Now it has become the lender of first resort, it seems to me."

"There is no question that many home buyers were sold inappropriate mortgages over the past several years."