Richard Shelby actually said...

"Given the importance of insurers in our markets and overall economy, I believe we should at least consider whether additional Federal oversight is needed."

"I think we had a distinguished panel here today and I think everybody knows what our challenges are."

"Federal Reserve Chairman Ben Bernanke has discussed publicly the inadequacy of our insolvency regime for large global financial conglomerates, such as AIG."

"I think that as we hold more hearings, we are going to see that this is very complex."