Richard Shelby actually said...

"Unfortunately, that hearing yielded few answers."

"Communication across the SEC offices was so badly flawed that Madoff himself had to alert the New York examiners that their counterparts in the Washington office of the SEC had been looking at similar..."

"Today, we will consider a legislative proposal by the Administration to revisit the regulation of credit rating agencies."

"It would take a long stretch, wouldn't it, to bring a lot of confidence back into what we feel has been lost with the rating agencies, would it not?"