Richard Shelby actually said...

"As we learned from the most recent financial crisis and this particular incident, regulators do not always meet our expectations."

"However, because the Federal Government guarantees bank deposits, this Committee has a responsibility to ensure that banks do not unnecessarily put taxpayers at risk."

"I believe it is critical that this Committee conduct rigorous oversight to ensure that the financial regulators do not repeat the mistakes of the past."

"A lot of us--maybe not everybody, but a lot of us are worried about the taxpayer and bailouts and future bailouts."