Richard Shelby actually said...

"I hope we can, because if you are socializing the risk, putting it on the taxpayer, and privatizing the profits to the shareholders, we have got a bad situation."

"It is essential. Now, markets do not always get these things right, but they have no chance to get it right without better disclosure."

"Government-supported incentives for housing that distorted the market."

"I believe that is a good place to start."