Richard Shelby actually said...

"What are the two top, two or three potential emerging threats as you see it to the financial stability of the United States? I know debt is one."

"Perhaps the most fundamental question left unanswered by the Council is: What is systemic risk?"

"I had hoped that the Council would have provided the information in their annual report. Unfortunately, the report fails to address these significant areas."

"Well, we would hope you would consider, you and the President, changing three modest things in the Dodd-Frank bill."