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Quote by Richard Shelby

“The Treasury's plan has little for those outside of the financial industry. It is aimed at rescuing the same financial institutions that created this crisis with the sloppy underwriting and reckless disregard for the risk they were creating, taking or passing on to others.”

Quote by Richard Shelby

Author

Richard Shelby
Richard Shelby

Richard Shelby is an American politician and Republican U.S. Senator from Alabama, serving since 1987. Born May 6, 1934, in Birmingham, Alabama, he previously served in the U.S. House of Representatives from 1979 to 1987. He switched from the Democratic Party to the Republican Party in 1994 and has served as Chairman of the Senate Appropriations Committee. As the longest-serving Republican senator, Shelby has been a influential figure in Congress, focusing on defense, national security, and federal appropriations for Alabama. more

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“In the past six months, our federal government has devised a dozen strategies to save America's financial markets. Each plan has been more costly, more risky, and less aligned with the principles of our country's free market economy than the last. I am disappointed to say that this latest plan puts all the rest of them to shame.”