Richard Shelby actually said...

"It would take a long stretch, wouldn't it, to bring a lot of confidence back into what we feel has been lost with the rating agencies, would it not?"

"Without that, there is no trust out there, is there?"

"How do we bring securitization back? How do we do this? I mean, it is based on trust, and maybe it is a brick at a time. But it worked so well for so long."

"When I was Chairman of this Committee, we acted to address the problem after the SEC failed to take action on its own."