Richard Shelby actually said...

The demise of Fannie and Freddie could have been prevented had the Committee acted sooner.

Shelby criticizes the Committee's inaction that led to the collapse of Fannie Mae and Freddie Mac.

03/08/2011

More Richard Shelby Quotes

I think we all should have a concern about FHA.

We want you to survive.

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

I think a good point he made, that unlike the Madoff issue, here you actually had examiners.