Richard Shelby actually said...

"Do you have that same feeling in areas like Florida, Nevada, California, you know, some distressed areas?"

"I believe that it is unfortunate that Congress has yet to devise a thoughtful and effective program to revive the housing market."

"I believe we can and we should return to that practice."

"Unfortunately, as we sit here today, I believe the only realistic assessment of the state of our housing market is that it is weak and has faced continued decline."