Richard Shelby actually said...

"Mr. Duffy, Governor Tarullo--you were here--explained that central clearinghouses concentrate risk and thus have the potential to transmit shocks throughout the financial markets."

"Would requiring companies to use standardized cleared products or forcing them to post margin... increase risk in the financial system or decrease it?"

"it would be irresponsible to ignore the concerns about the CLASS program's long-term sustainability in its current form."

"I am concerned that the new chronic disease grant program will create a scenario where the rich get richer and the poor get poorer."