Richard Shelby actually said...

"Given that these events occurred more than 1 year ago, an examination by the National Credit Union Administration of our Nation's credit unions I believe is long overdue."

"I also hope to hear the NCUA's assessment of what steps need to be taken to prevent large-scale failures from happening again."

"We think this is very important because we want the credit unions to remain viable and strong and not ever visit, to come up here for problems."

"My last area, and I appreciate the Chairman's indulgence here, the National Credit Union Administration's regulations governing the investments of corporate credit unions, which I think is an importan..."