Richard Shelby actually said...

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.

Shelby critiques the Federal Reserve's role in the banking crisis, suggesting it has shifted its purpose.

03/02/2009

More Richard Shelby Quotes

I have a number of questions for the record, Doctor.

Just common sense.

A lot of people have complained, especially in Baldwin County, about partial claims, and they are desperate for the money.

I would never want you to pay one cent that was not meritorious.