Richard Shelby actually said...

"Without that capital, I think it will be difficult to have a sustainable recovery in our housing market."

"We hope not, but the numbers indicate that."

"The uncertainty created by the nearly 4-year conservatorships of Fannie Mae and Freddie Mac is just one such challenge."

"So you really did not know what was going on or the problem with the trade until you read the press reports like all of us?"