Richard Shelby actually said...

"As we learned from the most recent financial crisis and this particular incident, regulators do not always meet our expectations."

"If you are running a financial institution, you have got to have capital and it has got to be liquid."

"I disagree that less supervision and less regulation will magically make the system less risky."

"However, because the Federal Government guarantees bank deposits, this Committee has a responsibility to ensure that banks do not unnecessarily put taxpayers at risk."