Richard Shelby actually said...

I believe myself that they have utterly failed as a regulator, utterly, because most of our Wall Street banks that got in trouble, and some of them are in trouble today, still, were regulated by the Federal Reserve.

Context

Shelby criticizes the Federal Reserve's regulatory failures regarding Wall Street banks.

03/25/2009

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

More Richard Shelby Quotes

The Social Security has been a good program, but to say we can't improve it, is nonsense.
3/8/2011
it would be irresponsible to ignore the concerns about the CLASS program's long-term sustainability in its current form.
3/8/2011
Do you have some statistics... on if 20,000 cases are appealed from the... to the Federal court?
3/8/2011
I look forward to working with you to craft a bill that balances the needs of our healthcare system with our fiscal realities.
3/8/2011

View All Richard Shelby Quotes