Richard Shelby: “Unfortunately, Dodd-Frank provides little guidance on exactly which firms should be designated for systemic risk…”

I am concerned about this--what this communicates to both our allies and our adversaries.

As Senator Shelby at our Senate testimony hearing last March pointed out to us, we must maintain what we have before we can build new, and I think he hits the mark head-on.

Regrettably, this was all predictable and avoidable.

We have got to get our arms, one, around the inflation first, and then try to boost our defense capabilities in a dangerous world.