Shearer has released five solo comedy albums: "It Must Have Been Something I Said" (1994), "Dropping Anchors" (2006), "Songs Pointed and Pointless" (2007), "Songs of the Bushmen" (2008) and "Greed and Fear" (2010). His most recent CD, "Greed and Fear" is mainly about Wall Street economic issues, rather than politics like his previous albums. Shearer decided to make the album when he"started getting amused by the language of the economic meltdown – when 'toxic assets' suddenly became 'troubled assets,' going from something poisoning the system to just a bunch of delinquent youth with dirty faces that needed not removal from the system but just ... understanding." In May 2006, Shearer received an honorary doctorate from Goucher College.