Richard Shelby actually said...

"Thank you, Mr. Chairman, for holding a second hearing on this very important topic."

"It is important to hear from our regulators. They are responsible for overseeing financial institutions, detecting these types of problems and formulating credible solutions."

"Are we close to solving this problem, or where are we?"

"No, I asked you a question. Was that the law of the land--in other words, you can do this?"