Luetkemeyer: “Isn't that the definition of regulation by enforcement?”

Why, in the last 5 years, have there been almost no new bank charters issued? Why? What is your reasoning for that? Is it regulation? Or is it low interest rates?

CECL is something the Fed will have to enforce, as you all know, and you and I have spoken with other members as well about this, what I regard as a terrible accounting standard.

I can't agree more with Mr. Im that we should be doing more through regular business, and I think sanctioning China and Mexico is certainly in order.

This is amazing; this is frightening; and this is tragic.