Michael S. Barr: “Yes, I do think that bank mismanagement was at the core of this.”

I personally oppose it quite significantly. I think it is, I would use a technical term, 'dumb,' the way they describe their rule.

Shouldn't this be a more transparent public Board meeting and a deliberative process that includes all members of the Board?

I don't agree with that assessment. I think that capital in general is facilitating strong lending to all communities, and having strong capital in the system is critical for doing that.

I think congressional oversight is absolutely essential, but I would not pursue the particular legislation that you have described.