Richard Shelby actually said...

This is a real departure from, as you said in your paper, from the model that we have relied on for a long time.

But you are really saying that you don't trust the consumer to make decisions for themselves, in a sense.

To rebuild confidence in our financial system, both here at home and around the world, we must reconstruct our regulatory framework.

I do not believe that we can reasonably expect the Fed or any other agency effectively play so many roles.