Richard Shelby actually said...

These failures are not isolated. They cut across the agency's many functions and have had serious consequences.

Shelby discusses the SEC's regulatory failures and their widespread impact.

01/14/2009

More Richard Shelby Quotes

The circumstances that permitted AIG's securities lending operation to potentially threaten the solvency of several of its insurance compani...

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.

Given the importance of insurers in our markets and overall economy, I believe we should at least consider whether additional Federal oversi...

Today, the Committee will once again consider insurance regulatory reform.