Richard Shelby actually said...

I absolutely believe that credit default swaps need to come under the umbrella of Federal regulation.

Shelby advocates for federal regulation of credit default swaps for transparency and risk management.

01/14/2009

More Richard Shelby Quotes

In exercising discretion--in exercising the power that this office has and that the agency has in this and a number of other very important ...

I think it is very important for you to do your own due diligence. That is my message, and I think that was the message of this legislation.

I also hope to hear the NCUA's assessment of what steps need to be taken to prevent large-scale failures from happening again.

Given that these events occurred more than 1 year ago, an examination by the National Credit Union Administration of our Nation's credit uni...