Michael S. Barr: “Should the government have the ability to throw those firms into a resolution procedure? I think the answer is that in…”

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

It was our judgment collectively on the Federal Reserve Board, and an unanimous decision of the FDIC and the Treasury Secretary, that we needed to do that to protect contagion from infecting healthy banks in the system.

The bank did respond to regulator citations but those responses were insufficient.

I believe that it should be the sense of Congress that the policy of the United States is to prevent from Iran from obtaining a nuclear weapon by all means necessary.