It is past time for us to remove private bankers from this public role.
I am working on bipartisan legislation to claw back money when executives take big bonuses for blowing up their banks.
This is not strong oversight. In fact, it is not even competent oversight.
One of the four causes of SVB's failure, that the Fed report identifies, is the 2018 law that Republicans, with the help from some Democrats...
Social media is implicated.
The Federal Reserve must not seem and must not be supervised by itself.
Did they violate the rules? Yes, they violate the rules.
This is obviously a period where there is a devastating behavioral health crisis that threatens every community in this country.
the Fed heard that message loud and clear, and then it used that message to open up and start to deregulate even further.
So let me just get this straight. Two-thirds of the people that oversee each of the Reserve banks, and hand-pick the leadership, are elected...
I warned about in 2018 when I opposed Powell's nomination as Fed Chair and again in 2021 when I said that he was a dangerous man to keep at ...
you do not get to write a law that shoves the Fed in a strictly deregulatory direction and then turn around and say, 'Gee, we wish they had ...
I have introduced a bill to repeal Title IV of S. 2155, which would undo the Fed's deregulation of the biggest banks.
the loosening ends up having multiplier effects, that once you loosen a little bit you lose other discipline in the system.
Senator Rick Scott and I introduced a bipartisan bill today that would prohibit big bankers from serving as Reserve bank directors.
the tailoring rules meant that Silicon Valley Bank, for example, did not have to do a lot of incredibly important things.
the Fed should have used its authority to apply stronger rules to banks with more than $100 billion in assets.
