Richard Shelby actually said...

"This is, I think, a very timely hearing and a very needed hearing dealing with international cooperation."

"As banking becomes increasingly global, the U.S. financial regulatory structure, I believe, needs to make sure it can adequately handle the failure of banks operating globally."

"I expressed serious reservations about this plan because I did not believe that a massive and crude bailout bill was the most prudent course of action."

"For taxpayers to be fully repaid, General Motors' market capitalization would need to increase by about 14,000 percent--14,000 percent."