Richard Shelby actually said...

I have a deep faith that continues to this very day, that markets do a better job disciplining risk than bureaucrats do.

Absolutely.

You cannot stop everybody from failing. You have to have a mechanism where the people who were unsuccessful get taken over and replaced by p...

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 ...