Richard Shelby actually said...

"Some have argued that a product that seeks to maintain a stable net asset value while investing in instruments that can decline in value is essentially maintaining a fiction."

"Money market funds have been an important source of short-term financing for businesses, banks, and State and local governments."

"I also sitting up here as a Senator want to make sure that the taxpayers do not have to bail out anybody."

"These actions have increased the expectation that the Federal Government will support the money market industry again with taxpayer dollars in times of crisis."