Richard Shelby actually said...

"I think the events of the last few days have made it clear that our efforts must remain directed at dealing with the problems in the financial system."

"If an institution is too big to manage, and a lot of them seem to be---- then it would follow that they are probably too big to regulate---- so we have created a monster among ourselves, have we not."

"unless, as Senator Shelby suggests, we all concentrate on it and reflect on it without defensiveness, we are not going to learn the lessons that need to be learned."

"We are in the midst of an unprecedented financial crisis. I believe the challenge before us involves three tasks: First, we must work to stabilize the system. Second, we must understand the origins of..."