Richard Shelby actually said...

"Mr. Chairman, thank you for calling this hearing. I know we are holding a series of hearings here to build a record, and I think you are leading the way."

"I see the Fed as a bank regulator big-time failing the American people."

"If an institution is too big to manage, and a lot of them seem to be---- then it would follow that they are probably too big to regulate---- so we have created a monster among ourselves, have we not."

"I think the events of the last few days have made it clear that our efforts must remain directed at dealing with the problems in the financial system."