Richard Shelby actually said...

"Wouldn't it be good policy in a free market economy to basically let the world know and the banks know and businesses know that if they fail they are going to be closed up?"

"Since the passage, however, S&P, Standard & Poor, has said that it will confer higher credit ratings on the largest banks because it continues to assume that there is still the potential for the Gover..."

"We delayed it in the United States with support from Senator Shelby and others, and we appreciate that very much."

"Today, as you said, we will examine the State of the Federal Deposit Insurance Corporation."