Richard Shelby actually said...

"In many ways, I believe that this hearing could begin to put the horse back in front of the cart by undertaking some of the investigative work necessary to properly address the issues surrounding the ..."

"Homeowners in need will be better served if we actually identify the root causes of foreclosures and craft effective solutions rather than simply implementing policies to counteract what we think is t..."

"Today, the Committee will examine the state of our housing market and the Federal Government's efforts to prevent foreclosures in the midst of what is now the most severe recession in a generation."

"But whatever we say or do policywise, or you implement the policy, if the market doesn't respond to it favorably, it is not going to work, is it?"