Richard Shelby actually said...

"I believe we are grappling here in the Banking Committee with maybe the most challenging, complex piece of legislation or proposed legislation that we have ever had."

"Quickly, is the Fed really the appropriate agency to regulate insurance companies, because they have no history there."

"Unfortunately, the Administration has 'taken a pass' on comprehensive insurance reform."

"These events revealed that comprehensive insurance regulation must be a part of our reform effort."