We are in the midst of an unprecedented financial crisis. I believe the challenge before us involves three tasks: First, we must work to stabilize the system. Second, we must understand the origins of the current crisis. And, third, we must work to restructure our regulatory regime to meet the demands of a 21st century financial system.
Senator Shelby outlines the challenges of the financial crisis and the need for regulatory reform.
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I am concerned that we are sending the wrong message to both our allies and our adversaries.
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