Richard Shelby actually said...

"Since the Administration admittedly did not have the key data, it seems to me, for evaluating the proposal, what is the basis for your support of this proposal?"

"It is clear that FHA needs to be reformed to prevent another taxpayer bailout."

"Thank you. Welcome, Secretary Donovan. You have been a pretty regular up here. We appreciate you."

"I hope the Committee will not make the same mistake with FHA."