Michael S. Barr: “The report that we released suggests that both the Board in Washington and the San Francisco Fed did not hold up the…”

FinCEN, and Treasury, should be following the money in these areas to expose the relationships between the cartels and the illicit financing.

I want to know what the bank executives were doing in the months, weeks, and days leading up to this failure.

I think we need to take a good, hard look inside at the Federal Reserve, at our supervision, at our regulation.

The argument for why regulation and monetary policy are both at the Fed is that it is supposed to inform each other.