Richard Shelby actually said...

"The stated objective of the Administration's newest proposals is to enhance the safety of the banking system. I certainly agree with that."

"I think it is absolutely critical that that be clear in the legislation."

"I remain willing to consider any proposal that will strengthen our regulatory framework and help our economy."

"Do you believe that regulators presently have the ability to restrict a firm's activities, including their proprietary trading, if they deem this not to be a safe and sound practice?"