Richard Shelby

We had a lot of problems in the mortgage market in the last decade.

That would be very unusual, would it not?

I understand that you believe you were not legally required to hold panels for this rule because the Federal Reserve Board proposed the rule.

The area of too big to fail, very important to a lot of us and I hope to you.

There has got to be a balance, has there not?

I supported the amendment.

Do you believe that the CFTC has failed the American people as far as MF Global is concerned?

But making you larger does not make you better, does it?

If people have not done it, they should pay the consequences?

This massive new bureaucracy was designed by the drafters of Dodd-Frank to be virtually unaccountable to the American people.

Unfortunately for the American people, more powers and more tools cannot help when regulators fail to do their jobs.

For much too long, we have sacrificed the voice of the people on the altar of regulatory independence.

Over the last year, it appears that the Securities and Exchange Commission has been operating as a no-doc regulator.

Dodd-Frank contains many flaws, but the failure to improve the accountability of our financial regulators may be its greatest shortcoming.

The victims of MF Global I believe deserve better.

I have also asked him to determine whether Chairman Gensler's recusal was appropriate.

But it is about our competitiveness.

Thank you, Mr. Chairman. Mr. Knight, in your testimony you recommended several significant regulatory reforms, including reforming Sarbanes-Oxley, rejecting 'expansive and expensive new regulations on public companies,' and allowing public…

If entrepreneurs are not creating new small businesses today, there will not be new large industries tomorrow.

I stand ready to work with the Chairman on these promising bills.

Small businesses, as we all know, are the lifeblood of the U.S. economy.

OK. Ms. Cross, the utility of Regulation A, you are very familiar with this.

Will you get the results to the Committee?

Today the Committee will consider ways to increase job growth by improving access to capital for small businesses.

Well, we are moving in the right direction. We just did not get FHA to move.