Michael S. Barr: “What we found is that supervisors were essentially too timid and too slow to raise those standards in a timely enough…”

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

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 do not want to live through it again.

I have legislation, the Chinese Military and Surveillance Company Sanctions Act, that uses the OFAC SDN list to target the financing of military and surveillance companies that act counter to the national security of the United States.