Richard Shelby actually said...

SIPC does not offer to investors the same blanket protection that the FDIC provides to bank depositors.

SIPC's limitations compared to FDIC protections for investors are highlighted.

01/20/2010

More Richard Shelby Quotes

So you are not advocating here that you want a Government guarantee for everything in the real estate industry bills, are you?

How do we bring back an appetite in the private market for mortgage-backed securities?

It would be a lot less risk to the taxpayer, too, wouldn't it?

Opening statements, comments, or prepared statements of: Senator Shelby.