Political Quotes

Richard Shelby: I believe myself that they have utterly failed as a regulator, utterly, because most of our Wall Street banks that got…

On the recordMarch 25, 2009
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.
Said by
Richard Shelby
Republican · Alabama

Editor's note · Context

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

Share

More from Richard Shelby

Jun 6, 2022

Regrettably, this was all predictable and avoidable.

congress.gov
May 9, 2022

the Ukraine, of course, is fighting hard to repel Putin's misguided, I think, and poorly-executed invasion.

congress.gov
May 25, 2022

Deterrence requires spending our limited resources on both offensive and defensive weapons.

congress.gov
May 25, 2022

We have got to get our arms, one, around the inflation first, and then try to boost our defense capabilities in a dangerous world.

congress.gov

Other voices in this conversation