Richard Shelby actually said...

"Do you believe that regulators presently have the ability to restrict a firm's activities, including their proprietary trading, if they deem this not to be a safe and sound practice?"

"Can the regulator deal with that now under the safety and soundness, in your judgment?"

"the spirit of the Volcker Rule, I think, is a good idea."

"The stated objective of the Administration's newest proposals is to enhance the safety of the banking system. I certainly agree with that."