Richard Shelby actually said...

"The proposal in the bill under consideration would inject a degree of intellectual rigor into the SIFI designation process that is currently lacking."

"In my view the flawed process by which MetLife was designated as a SIFI illustrates the need to impose more intellectual rigor on the SIFI designation process."

"We are trying to give you a lot of power--you already have a lot of power--and some discretion, but none of us wants to weaken the banking system."

"We do not want to drive the small, marginal consumer underground where there is no regulation."