Richard Shelby actually said...

"Today, we will consider a legislative proposal by the Administration to revisit the regulation of credit rating agencies."

"How do we bring securitization back? How do we do this? I mean, it is based on trust, and maybe it is a brick at a time. But it worked so well for so long."

"When I was Chairman of this Committee, we acted to address the problem after the SEC failed to take action on its own."

"I think we have to tackle the conflict of interest head-on."