Michael S. Barr: “It is shocking to me how the Majority's witnesses have identified that the solution to the problem of unbanked people in…”

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

Yes. I have been consistent in saying both that the system is strong and that we also need to think about stronger capital rules.

I think it saved a lot of small businesses, households, community banks, and regional banks from a kind of contagion.

The failure of SVB illustrates the need to move forward with our work to improve the resilience of the banking system.