Chairman Gensler's recusal has impeded Congress' ability to examine every facet of the MF Global failure.
Richard Shelby
The Public Record
Richard Shelby is a former United States Senator from Alabama, serving from January 3, 1987, until January 3, 2021. A member of the Republican Party, Shelby was known for his work on various committees, including Appropriations and Banking, Housing, and Urban Affairs. Throughout his tenure, he focused on issues such as military funding, economic development, and infrastructure improvements in Alabama.
On October 30, 2011, a CFTC employee gave to CME, Chicago Mercantile Exchange, employees a disk containing documents...
We need regulators who are willing to explain their actions rather than run for the hills.
Do you share my overall concern about the solvency of FHA, which is under your jurisdiction?
Do you believe that this year and maybe next year we will have at least a million foreclosures, as some people predict?
A lot of our concern--and I think Senator Corker has enunciated this, too, up here--is we do not want the taxpayer to take the hit.
I think it is disappointing that 4 years after the bursting of the housing bubble, the Committee has still not produced comprehensive housing legislation.
Millions of mortgages are underwater, and Fannie and Freddie continue to lose money at the expense of the American taxpayer.
Do you think that a 2-percent capital requirement is adequate--because we are a long way from 2 percent--to protect the taxpayers from bailing out FHA in the future?
The American people, however, are tired of bailouts. It is time to take a more serious approach to fixing the housing market.





