Did they violate the rules? Yes, they violate the rules.

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

I've got an idea--a bipartisan idea that I'm introducing with Sen. Rick Scott today: get the big bankers off the Reserve Banks boards of directors.

the loosening ends up having multiplier effects, that once you loosen a little bit you lose other discipline in the system.

Right. OK. So this chummy little group is making a lot of policy here, and nobody else gets to see it.

Chair Powell sold between $1 and $5 million worth of stock at the beginning of October 2020.

S. 2155 weakened the rules and the supervision for these banks like SVB and opened the deregulatory door for the Fed to drive a truck through.

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.

Social media is implicated.

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.