Richard Shelby actually said...

"Dodd-Frank has needlessly, I believe, created widespread uncertainty about the regulation of derivatives and threatens to impose huge costs on Main Street businesses as well as on our overall economy."

"Mr. Duffy, Governor Tarullo--you were here--explained that central clearinghouses concentrate risk and thus have the potential to transmit shocks throughout the financial markets."

"Would requiring companies to use standardized cleared products or forcing them to post margin... increase risk in the financial system or decrease it?"

"it would be irresponsible to ignore the concerns about the CLASS program's long-term sustainability in its current form."