Shelby delivered an opening statement during the session.
01/26/2009
https://www.congress.gov...
I think there was quite a bit of misjudgment regarding asset quality, including the quality of mortgage-backed securities.
I think it is inexcusable.
The nominees for positions on the Federal Reserve Board, if approved, will face difficult and important decisions for the American economy.
I think that there have been a number of lessons learned, and there is clearly a lot of blame to go around.