Richard Shelby actually said...

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

"I urge my colleagues to focus on creating a regulatory system for the next century, not one that merely seeks to remedy the mistakes of the last few years."

"Accountability at the Fed--Mr. Secretary, the Federal Reserve System was not designed to carry out the systemic risk oversight mission the administration proposes to give it."

"the most significant thing many of us will do while serving in the U.S. Senate."