Michael S. Barr: “I believe that it would be a serious mistake to rely only on the bankruptcy courts.”

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

We definitely want innovation in our banking system. Innovation has been critical to having a thriving financial sector and a thriving economy.

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

I think congressional oversight is absolutely essential, but I would not pursue the particular legislation that you have described.