Richard Shelby actually said...

"The Stanford case... represents a major failure by the Securities and Exchange Commission in carrying out its investor protection mandate."

"So they failed big time in protecting the investor in both the Madoff and in the current Stanford case."

"Were they counting beans? In other words, they wanted to count how many cases they had, they had solved..."

"Where was the leadership of the Enforcement Division not just in Fort Worth but at the SEC here?"