Richard Shelby actually said...

"If market participants believe that they no longer have to closely monitor risks presented by financial institutions, the stage will be set for our next economic crisis."

"I think it is a long way from being and coming into existence. I hope."

"I believe she is highly qualified, and I would think that the sooner the Senate got through the hearing and confirmed her to the credit union, somebody would be in control over there."

"I do not know why you would need it."