Richard Shelby actually said...

Do you believe that regulators presently have the ability to restrict a firm's activities, including their proprietary trading, if they deem...

If they have the authority, then it is a question of do they have the will to use their authority. Is that right?

I believe our main goal today in regulatory reform must be to eliminate taxpayer exposure to private risk.

I am willing to consider any proposal that will strengthen our regulatory framework and help our economy.