Richard Shelby actually said...

"Unfortunately, this program has only modified a handful of mortgages."

"Without a huge haircut--Senator Dodd was talking about reducing it down to something people can pay, realistically afford--aren't we wasting our time here?"

"Homeowners in need will be better served if we actually identify the root causes of foreclosures and craft effective solutions rather than simply implementing policies to counteract what we think is t..."

"Clearly, this is a regrettable policy failure."