Richard Shelby actually said...

"I do agree with Congressman Frank that there is a heck of a lot of difference between managing risk and speculation."

"The Bureau's unique and unprecedented structure deviates radically from the fundamental principles of accountability and checks and balances."

"The issue is whether the Bureau is sufficiently accountable to the American people. I and 43 of my colleagues believe that it is not."

"I believe it is important to note, however, that we have not and are not proposing--this is very important--not proposing any changes to the Bureau's authority."