Richard Shelby actually said...

If we don't have the information, we don't want to be shocked like we have been before.

Shelby insists on the need for accurate data to avoid past surprises.

09/22/2010

More Richard Shelby Quotes

Do you anticipate that? Can you assure us and the American people today, as the Secretary of HUD, that FHA will not do that?

The poor record of Basel I, II, and II.5 is that of a system fundamentally flawed. Basel III is a continuation of these efforts, but with mo...

I think this is a worthy goal as strong capital requirements are essential for a safe and sound banking system and also to protect against t...

The Basel framework has spawned startling degrees of complexity and an over-reliance on probably unreliable models.