Richard Shelby actually said...

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

"Well, any way you look at it, this is a colossal failure of the SEC."

"this program is broken, it is not actuarially sound? It is not going to be actuarially sound unless we do massive reforms starting with mapping and getting into something that is actuarially sound."

"There is data there if you can put it all together, and it looks like with all of the software that we have today, that could be put together if there is the political will to do it."