Political Quotes

Richard Shelby: Is it mind boggling to you, as you did your research and investigation here, that a fraud of such magnitude, $50 billion…

On the recordSeptember 9, 2009
Is it mind boggling to you, as you did your research and investigation here, that a fraud of such magnitude, $50 billion or more--I assume one of the largest the SEC has ever dealt with or failed to deal with--how could it have happened, right?
Said by
Richard Shelby
Republican · Alabama

Editor's note · Context

Senator Shelby questions the SEC's failure to detect a massive fraud.

Share

More from Richard Shelby

May 2, 2022

In a fiscal environment with 8.5 percent inflation, the Department's budget request equates to a cut to our national defense at a time of unprecedented security risks.

congress.gov
May 25, 2022

A lot of people, including this Senator, believe that the request is not enough considering the problems in the world.

congress.gov
Dec 14, 2022

today I come to the Senate floor for what will probably be one of my last times--perhaps not my last time but close. I want to start off by thanking the people of Alabama, my home State. They have put their trust in me for more than 50…

govinfo.gov
May 9, 2022

We also need a strong Army to deter China and respond to provocations, Iran, North Korea, and radical extremist groups.

congress.gov

Other voices in this conversation