Richard Shelby actually said...

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?

Context

Questions the effectiveness of policies without significant mortgage reductions.

07/15/2009

https://www.congress.gov...

More Richard Shelby Quotes

We need to get that credibility back into the system.
3/9/2009
Why should we continue to prop up banks that are basically insolvent, some of our large banks that are walking dead, so to speak, give them ...
3/9/2009
The greatest challenge in dealing with this financial crisis is understanding its multiple, complex, and interrelated causes.
3/9/2009
I firmly believe that had the Fed simply regulated the mortgage lending industry, as Congress directed with the law passed in 1994, much of ...
3/9/2009

View All Richard Shelby Quotes