Richard Shelby actually said...

"I fear that the longer we wait, the more it is going to cost the American taxpayer."

"There is no doubt that the failure of Fannie and Freddie was a significant actor in the financial crisis because their activities touched nearly every aspect of our financial system."

"To properly consider the future of the housing GSEs, one should first consider the goals policymakers have for the U.S. housing finance system, and specifically the secondary market."

"I am at a loss as to why the Administration does not or did not consider the GSEs to be a central cause meriting immediate consideration in regulatory reform."