Richard Shelby actually said...

"Were they too big to regulate?"

"This is, I think, a very timely hearing and a very needed hearing dealing with international cooperation."

"As banking becomes increasingly global, the U.S. financial regulatory structure, I believe, needs to make sure it can adequately handle the failure of banks operating globally."

"Has the SEC staff considered, to your knowledge, or seen a particular financial statement prepared under the rules of the international standards as opposed to FASB, and how do they work?"