Richard Shelby actually said...

"I don't think we can give the power to override fully public bodies charged with issues like investor protection to the Fed."

"I firmly believe that had the Fed simply regulated the mortgage lending industry, as Congress directed with the law passed in 1994, much of this could have been averted."

"The greatest challenge in dealing with this financial crisis is understanding its multiple, complex, and interrelated causes."

"Why should we continue to prop up banks that are basically insolvent, some of our large banks that are walking dead, so to speak, give them a transfusion, and there is no end in sight?"