Richard Shelby actually said...

"If you have got bad people sitting on the top of each of those peaks, it is not going to matter what you legislate here."

"Principles matter, but rules matter, too."

"If Franklin Roosevelt were to come back today and he would find we had these enormous pooled funds that were outside, virtually outside of any form of regulation, I think he would say, 'I thought we s..."

"I firmly believe that had the Fed simply regulated the mortgage lending industry, as Congress directed with the law passed in 1994, much of this could have been averted."