Richard Shelby actually said...

"Is there some risk to the economy if people try to take most risk out of the banking system?"

"The refusal of the Bureau, a lot of us believe, to issue clear rules means that banks will have higher costs, more exposure to lawsuits, and less effective operations, something I do not think Congres..."

"The uncertainty created by the nearly 4-year conservatorships of Fannie Mae and Freddie Mac is just one such challenge."

"Without that capital, I think it will be difficult to have a sustainable recovery in our housing market."