Richard Shelby actually said...

"The Fed and Treasury can be secretive for a while, but not forever."

"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."

"There is also no question that many home buyers were willing parties to contracts that stretched them far beyond their financial means."

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