Michael S. Barr: “The argument for why regulation and monetary policy are both at the Fed is that it is supposed to inform each other.”

I personally oppose it quite significantly. I think it is, I would use a technical term, 'dumb,' the way they describe their rule.

The bank did respond to regulator citations but those responses were insufficient.

Yes, I do think that bank mismanagement was at the core of this.

Shouldn't this be a more transparent public Board meeting and a deliberative process that includes all members of the Board?