Richard Shelby actually said...

the SEC's handling of credit rating agencies contributed to the subprime frenzy that is at the root of the current economic crisis.

Shelby links SEC's actions to the subprime mortgage crisis.

01/14/2009

More Richard Shelby Quotes

I never heard that.

What would be the consequences, in your opinion, of these policies on the housing market and the economy.

I think a significant amount of the problems in our housing and mortgage markets would go away if we brought unemployment down significantly...

Without question, our housing finance system is broken.