Richard Shelby actually said...

"The Preferred Stock Purchase Agreement--I alluded to that earlier--established the rules by which the taxpayer funds the bailout of Fannie and Freddie."

"Did Secretary Geithner or any of his representatives at Treasury express disapproval of the final structure of the executive compensation arrangement that you had proposed?"

"Did you consult with the Treasury Department while you were establishing the current compensation arrangement?"

"If Congress had acted, a comprehensive solution could have been devised to deal with foreclosures and struggling homeowners."