Richard Shelby actually said...

If they have the authority, then it is a question of do they have the will to use their authority. Is that right?

Shelby emphasizes the need for regulators to act on their authority.

02/03/2010

More Richard Shelby Quotes

I believe myself that they have utterly failed as a regulator, utterly, because most of our Wall Street banks that got in trouble, and some ...

The SEC's Consolidated Supervised Entity Program, I believe was not a success.

I think we ought to pay particular attention to that.

I appreciate these hearings that you are putting together, and, gosh, we could be here all week and learn a heck of a lot.