Richard Shelby actually said...

"In order for this Committee to reform Fannie Mae and Freddie Mac, it must first understand why those institutions failed."

"We think we could do a lot better this time around."

"I agree with Secretary Geithner that housing finance reform is overdue and should be promptly addressed."

"Guarantees are perilous. Governments are not very good at doing them, not very good at designing them, not very good at pricing them, not very good at limiting the moral hazard risk that comes with th..."