"the market being distorted by a lack of competition"
"I think that the proposal from you and Senator Scott, which I have reviewed, does not go as far as I would like."
"the Fed continues to stonewall Congress, stonewall the public, on the underlying information about these trades."
"This law severely weakened the guardrails that Congress put in place after the 2008 financial crisis."
"The actions of the Chair of the Federal Reserve and a Governor of the Federal Reserve were unambiguously inconsistent with the Fed's rules."
"Do you think that creates a conflict of interest?"
"Then how could you say there was no evidence that anyone violated the rules? It clearly violated the rules."
"Twenty years ago the GAO came to Congress, long before I was here, long before Senator Kennedy was here, and said, 'Change it because it is a mistake.'"
"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."
"Welcome to the hearing of the Senate Banking, Housing, and Urban Affairs Subcommittee on Economic Policy."
"You know, particularly when you are telling me about Clarita, for example, corrected this later, yeah, he corrected it after you opened an investigation, which is just not exactly the moment that give..."