Richard Shelby

We need to determine the extent of the problem.

It appears that thousands of so-called 'robo-signers' working on behalf of banks that service loans, signed foreclosure related court documents swearing that they had 'personal knowledge' of the facts of each foreclosure case.

No, I asked you a question. Was that the law of the land--in other words, you can do this?

On October 6th, I called for an investigation into the growing controversy surrounding home foreclosures.

I called for an investigation into the growing controversy surrounding home foreclosures.

Not since the Carter administration has the Nation's economy performed so poorly.

The unemployment rate now stands at 9.6 percent. Economic growth is anemic.

For millions of Americans, the passage of Dodd-Frank provides little comfort as they confront a harsh economic reality.

How important is that to, say, every bringing back the securitization market?

Now, Americans and executives alike know with certainty that if a company puts itself in a position to fail, fail is exactly what it will do.

One of the goals of the Dodd-Frank legislation was to end Government bailouts.

We have put an end to too-big-to-fail bailouts and to an era in which executives on Wall Street felt free to gamble with other people's money.

There is a clear end-user exception for anyone who is hedging or mitigating a commercial risk for nonfinancial firms.

You publicly argued against an end-user exemption from the clearing requirements in the derivatives title that we passed

The response of the Administration and Democrats in Congress has been to enact a slew of new laws to expand the size and the scope of the Federal Government.

I took an oath of office and Congress writes the law. So we are going to adopt exactly what you have.

I do not think it is going to work. I hope it does.

We want you to survive.

I think we all should have a concern about FHA.

I certainly want a good housing program, but I don't want a welfare program.

Isn't that a dangerous level?

A lot of us are concerned about FHA, and you know why.

Can you do this in the next month or so? You should be able to do that.

I have got to ask, Mr. Scire, are you skeptical, real skeptical, doubtful that FHA is going to get toward that 2 percent, just 2 percent, goal?

You have got to have data on the percentage of loans, say, in 2000, 2005 out there, how many foreclosures, how many underwater, and all this.