Richard Shelby actually said...

"Even before the start of the present financial crisis, there were legitimate questions about whether our insurance regulatory system was adequate for the 21st century."

"I agree with everything that you and your colleagues said, for whatever my humble opinion is worth, that those bonuses should not be paid to Financial Products division employees of AIG."

"I think we are going down the road of looking at a very comprehensive regulator for all our financial system."

"Thank you, Chairman Dodd."