Michael S. Barr: “I want to know what the bank executives were doing in the months, weeks, and days leading up to this failure.”

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

I do think the banking system is sound and resilient.

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?