02/01/2022
https://congress.gov...
"We created the Fed in 1913 for a single reason: to be the lender of last resort."
"We shouldn't do that again. So, I am skeptical whether all of these resolution procedures will actually be used."
"My primary concern is, and I agree with Congressman Sherman, that we need to take all costs and all benefits into account here."
"Quite frankly, Congressman, I think we have a history of not wanting to see what happens when we don't bail out banks."