Richard Shelby actually said...

"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?"

"We share your frustration with the slow pace of efforts to help homeowners get out of bad mortgages and into mortgages that will allow them to stay in their homes and build equity at the same time."

"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."

"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 ..."