Richard Shelby actually said...

"Since the Federal Reserve took unprecedented actions in response to the financial crisis, there has been a growing recognition that the Fed needs to become more transparent."

"I believe it should not become an active participant in the legislative debate over the future of housing finance."

"What bothers me here, or maybe this is a concern me--will we, we in America, learn anything from the European crisis?"

"You are not telling us here today that the European banks are in good shape though, are you?"