Richard Shelby actually said...

"The first and most basic responsibility, I believe, Mr. Chairman, of the CFTC is to ensure that customer funds are not misappropriated."

"I do not know of any--bank or financial institution that has been well capitalized, first; second, well managed and well regulated that has gotten in trouble."

"I agree. We should not let, you should not let institutions that you regulate operate in a dark hole somewhere."

"What is your responsibility?"