One of the interesting things, Mr. Walsh, about your testimony today was acknowledging that the Federal Government does not know, I guess, what all systems that we have, which is deeply concerning to me.

We could have spent a couple hundred million dollars to save half a trillion.

I intend to continue our Committee's dogged oversight of Federal agencies' IT modernization effort to ensure that we live up to that commitment.

I thank the gentlewoman for yielding me this time. Mr. Speaker, earlier this evening, we gathered on this floor to observe a moment of silence. We have been doing that quite a bit over the last several years, but it seems to me that it is…

They did not have risk managers because they had three diversity officers.

I think the New York legal system is off the rails when it comes to Donald Trump.

Principles of risk management are based around the possibilities of loss, and if we eliminate the reality of failure there ends up being no cause for prudent management.

We should, 100 percent, discuss certain authorities regulators have to claw back executives' compensation if that individual acted in malpractice.

Two tools that work in your toolbox that you do not use does not mean you need a third one.

I do not see anyone--from the bank executives to the regulators to the Biden administration--taking meaningful accountability for their actions that played a role in the recent bank failures.

There is no doubt that the failure that we are looking at for the bank execs is inexcusable, without any question.

This was a failure in three parts, and we must discuss accountability across the board--for bank executives, bank regulators, and this Administration's inflationary spending policies.

We should, 100 percent, discuss certain authorities regulators have to claw back executives' compensation if that individual acted in malpractice.

If the Government is always there to intervene and bail out a failing bank, this could promote riskier decisions in the financial sector.

I don't see anyone--from the bank executives, to the regulators, to the Biden administration--taking meaningful accountability for their actions.

Principles of risk management are based around the possibilities of loss, and if we eliminate the reality of failure there ends up being no cause for prudent management.

Two tools that work in your toolbox that you do not use does not mean you need a third one.

This was a failure in three parts, and we must discuss accountability across the board--for bank executives, bank regulators, and this Administration's inflationary spending policies.