Richard Shelby actually said...

Potentially fruitful leads were not pursued, while significant staff resources were devoted to running down clearly unproductive avenues.

Shelby critiques the SEC's misallocation of resources during investigations.

09/09/2009

More Richard Shelby Quotes

I would hope everyone on this panel would agree that we should seek more accountability for the Federal bank regulators.

The Bureau's unique and unprecedented structure deviates radically from the fundamental principles of accountability and checks and balances...

This was a mistake, I believe, and it needs to be corrected.

Supporters of Dodd-Frank said that they wanted to make the Bureau independent. What they did was make the Bureau unaccountable.