Richard Shelby actually said...

I think a good point he made, that unlike the Madoff issue, here you actually had examiners.

Shelby highlighted the SEC's prior knowledge of Stanford's potential Ponzi scheme compared to Madoff's case.

09/21/2010

More Richard Shelby Quotes

the Bureau appears before us, as always, completely immune from Congressional oversight

It seems like that is what you are doing. I hope that is not what you are doing. If you do, we are going to hold you accountable.

A lot of this could have been prevented. I don't know where the regulators were on this, they certainly were asleep.

But historically a lot of banking has been based on trust, has it not, integrity?