Richard Shelby actually said...
In light of the Fed's--and you played a role in it--the Fed's track record, don't you think there is a significant risk that in the name of systemic risk regulation the Fed would subordinate its bank regulatory and monetary policy functions in order to protect and perhaps preserve the biggest institution?
Context
Shelby questions the risks of the Fed's new role as a systemic risk regulator.
05/19/2009