Richard Shelby actually said...

"But aren't a lot of the problems that we have encountered that insurance, and, of course, banks, too, are involved in things without adequate capital to back up what they are involved in, the risk tha..."

"Shouldn't that be an appropriate study somewhere?"

"I believe we are grappling here in the Banking Committee with maybe the most challenging, complex piece of legislation or proposed legislation that we have ever had."

"The spectacular failure of AIG sent shockwaves throughout our economy, and led to a $170 billion bailout by the Federal Government."