Richard Shelby actually said...

The Federal Reserve will continue to run a virtual alphabet soup of liquidity facilities through April 30, 2009, at the least.

Shelby indicates the Fed's ongoing liquidity support measures.

02/23/2009

More Richard Shelby Quotes

the mortgage finance system should be, quote, "capitalized sufficiently to withstand losses on defaulting mortgages that would result if hou...

I think that market should be supported by the private sector. It is $720,000--you are talking about a $900,000 house. I do not believe that...

I thought for a long time, before it was all abuse and misused, that securitization was good for America.

Our once dynamic and innovative housing market is now stagnant and damaged, crippled by regulatory uncertainty.