In his book on Set Theory, Jech says:
(1) Axiom schema of comprehension: If $P$ is a property, then there exists a set $Y=\{x\,\,:\,\, P(x)\}$.
(2) [The he mentions] Russell's Paradox: Consider the set $S$ whose elements are all those sets that are not members of themselves; then $S\in S$ or $S\notin S$ always leads to a contradiction.
(3) [Then he states] Schema of Separation: If $P$ is a property then for every set $X$ there exists a set $Y=\{ x\in X \,\,:\,\, P(x)\}$.
And now he mentions following:
Once we give up the full Comprehension Schema, Russell's paradox is no longer a threat; moreover it provides this useful information: The set of all sets does not exist. (Otherwise, apply the Separation Schema to the property $x\notin x$.) In other words, it is the concept of the set of all sets that is paradoxical, not the idea of comprehension itself.
I am confused by the last statement. He already derived Russell's paradox from Schema of Comprehension, and how he is saying that the idea of comprehension is not paradoxical?