Richard Shelby actually said...

Had examiners acted more aggressively in their supervision actions over these critical issues, the looming safety and soundness concerns that were present early on in nearly every failed institution could have been identified sooner and the eventual losses to the National Credit Union Share Insurance Fund could have been stopped or mitigated.

Context

Shelby emphasizes the need for proactive supervision to prevent financial losses.

12/08/2010

https://www.congress.gov...

More Richard Shelby Quotes

For years, I have urged regulators to implement strong capital requirements. I believe they are essential for a safe and sound banking syste...
6/6/2016
We also need stronger, simpler rules that cannot be gamed by Wall Street economists or watered down by Wall Street lobbying.
6/6/2016
Our job is to make sure that if Iran rejects comprehensive reforms, that it has no one to blame for its economic troubles other than itself.
5/23/2016
There is already a growing belief that this Administration has little interest in preserving the tools it would need to reimpose sanctions, ...
5/23/2016

View All Richard Shelby Quotes