Richard Shelby actually said...

"You state, Mr. Secretary, repeatedly that the status quo is not acceptable because things are changing every day in the marketplace."

"We appreciate you coming here today, but even you admit in your studies, and this is an outgrowth of some of those studies, that this is a radical departure from the way we have regulated things befor..."

"To move away fast and furious from a classical model of regulation, we had better be really careful."

"To rebuild confidence in our financial system, both here at home and around the world, we must reconstruct our regulatory framework."