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 not deregulated.'

Now I think it is long past time that Congress finally acts, and I have bipartisan legislation with Senator Scott to do that.

I have introduced a bill to repeal Title IV of S. 2155, which would undo the Fed's deregulation of the biggest banks.

Okay, so it is really important that taxpayer funds be protected. I appreciate your work on that, but of course, the main thing, too, is we want to make sure that patients have a safe, healthy place to live.

It is our duty to ensure that they are safe, but some of these facilities are in horrendous condition due to the greed of their corporate owners.

What Congress did is say anything below $250 billion is wiped clean.

This is the most severe ethics scandal in the Fed's 110-year history, yet other than a few officials taking an early retirement we have seen no accountability.

Okay, so hard to enforce the law if you can't figure out who is on the other end of this, so the way this gets so tangled up is that private equity and REIT owners set up these complex legal arrangements to avoid transparency and to try to…

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 not deregulated.'

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 the Fed.

Welcome to the hearing of the Senate Banking, Housing, and Urban Affairs Subcommittee on Economic Policy.

Thank you to Senator Marshall for your shared commitment to addressing the mental health and substance use crisis in the United States.

the tailoring rules meant that Silicon Valley Bank, for example, did not have to do a lot of incredibly important things.

the Fed continues to stonewall Congress, stonewall the public, on the underlying information about these trades.

Right now, our project development systems in the country, it is like a car moving slowly down a bumpy road.

I appreciate the work you are doing in trying to keep nursing home residents safe.

But today we are losing that fight. Last year, over 106,000 people died from an overdose.

Then how could you say there was no evidence that anyone violated the rules? It clearly violated the rules.