Richard Shelby actually said...

"I really worry today if what we are seeing is kind of a dead cat bounce where all we are doing is pushing so much borrowed liquidity into our marketplace that we are just setting ourselves up for the ..."

"I do not believe either in the mortgage area or in the core things that threaten the stability of the system it is fair to say that where those things were most acute, they were institutions that were..."

"Accountability at the Fed--Mr. Secretary, the Federal Reserve System was not designed to carry out the systemic risk oversight mission the administration proposes to give it."

"I do not believe that we can reasonably expect the Fed or any other agency effectively play so many roles."