Michael S. Barr: “I think it saved a lot of small businesses, households, community banks, and regional banks from a kind of contagion.”

The research shows that there is no basis for the conclusion that low-income or moderate-income households were responsible for causing the financial crisis.

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

The report that we released suggests that both the Board in Washington and the San Francisco Fed did not hold up the bank with enough pressure.

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