Richard Shelby actually said...

"The regulators have some culpability here."

"We delayed it in the United States with support from Senator Shelby and others, and we appreciate that very much."

"Since the passage, however, S&P, Standard & Poor, has said that it will confer higher credit ratings on the largest banks because it continues to assume that there is still the potential for the Gover..."

"As I understand the agreement of Basel III Capital Accords, the agreement and the thrust is to increase the amount of capital that large global banks must hold."