Michael S. Barr: “I think, Mr. Garrett, there ought to be regularized processes and transparency.”

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.

The answer is that the Biden Administration allowed this to happen by pursuing a policy of weakness and appeasement that allowed Iran to finance this invasion.

We definitely want innovation in our banking system. Innovation has been critical to having a thriving financial sector and a thriving economy.

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