Richard Shelby actually said...

"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 disagree that less supervision and less regulation will magically make the system less risky."

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

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