Michael S. Barr: “This is like asking the arsonists to put out the fire. It really is. It is absolutely crazy.”

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

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

I believe that it should be the sense of Congress that the policy of the United States is to prevent from Iran from obtaining a nuclear weapon by all means necessary.

The responsibility of bank management is to take the monetary policy, the interest rate world around it, and to respond with appropriate risk metrics, and they didn't do that.