Richard Shelby: “I thank Senator Dodd for all of his cooperation and his leadership on the Banking Committee and on the Senate floor, and…”

“I thank Senator Dodd for all of his cooperation and his leadership on the Banking Committee and on the Senate floor, and I want to associate myself with his remarks, thanking the staff of the Senate and also the staff of the Banking Committee, including my staff and his. It is good to work together where we can in the Senate. And when we do, we get a lot of work done. Mr. President, when crises such as the one we are now facing come about, the American people expect us in the Senate to act in an expeditious and an appropriate manner. I think this is what we have been doing the last couple of weeks. Senator Dodd and I, at the direction of our respective leaders, Senator Reid, the majority leader, and Senator McConnell, the Republican leader, have invested a considerable amount of time in drafting a bipartisan and balanced piece of legislation that is focused on addressing the growing number of foreclosures nationwide, which Senator Dodd just mentioned.”