Richard Shelby actually said...

We used to look at Wall Street and say they were the smartest people in the world. Now, that has been doubted today in a lot of ways.

I voted against the TARP because Treasury's warnings and promises seemed calculated to induce panic rather than to ensure proper stewardship...

If they do not fear you, they are going to play with you.

Solutions, however, crafted in haste, rarely are effective and, even worse, can be counterproductive, as TARP.