Michael S. Barr: “I think, though, that it is incumbent on us to design a system in the future that protects us from excessively risky…”

The obligation, obviously, is on Congress and the Executive Branch to work out an arrangement on the debt ceiling to raise it.

I have said repeatedly that banks, according to our rules, are well-capitalized today. Our banking system is sound and resilient.

We will definitely be looking into that. And we retain enforcement authority to go after people at the bank who violated the law, or who breached their fiduciary duty, or who engaged in unsafe and unsound practices, and we will hold them…

I think the steps that we took together to stabilize the economy and provide public confidence in the banking system are of assistance to low- and moderate-income households and to all Americans around the country.