Richard Shelby actually said...

Some have argued that a product that seeks to maintain a stable net asset value while investing in instruments that can decline in value is ...

As we learned from the most recent financial crisis and this particular incident, regulators do not always meet our expectations.

If you are running a financial institution, you have got to have capital and it has got to be liquid.

I disagree that less supervision and less regulation will magically make the system less risky.