Richard Shelby actually said...

"We must do everything we can to not only ensure the safety and soundness of our financial system, but also its competitive standing in the world."

"With decision-making authority dispersed to the Board and Reserve Banks, who will be accountable to Congress for the systemic risk regulation function as the 'system' cannot appear to testify right he..."

"The independence of the Fed has served us well over time."

"Let's put a cop on that beat so that the spectacular failure of consumer protection at the root of this mess is never repeated."