Richard Shelby actually said...

"Dr. Volcker...thought some institutions, some banks were too big to exist."

"I believe that was a term that Senator Corker used one time."

"Do you believe, and I know you haven't been in the Fed that long, but do you believe that the Fed has adequately supervised our banks as a regulator, or do you believe there were problems there that w..."

"A lot of people wonder, where were the regulators in the past 5 or 6 years, including the Federal Reserve."