“They tried to rebuild their radar because they can't see anything. We waited until it was almost built and then we hit it.”

Political Quotes

Michael S. Barr: “We will definitely be looking into that. And we retain enforcement authority to go after people at the bank who violated…”

On the recordMarch 28, 2023
We will definitely be looking into that. And we retain enforcement authority to go after people at the bank who violated the law, or who breached their fiduciary duty, or who engaged in unsafe and unsound practices, and we will hold them accountable to the fullest extent.
Said by
Michael S. Barr
Source
congress.gov

Editor's note · Context

Barr emphasizes the commitment to investigate and hold accountable those involved in bank mismanagement.

Share

Share on XShare on FacebookEmail this quote

More from Michael S. Barr

Mar 22, 2023

I have legislation, the Chinese Military and Surveillance Company Sanctions Act, that uses the OFAC SDN list to target the financing of military and surveillance companies that act counter to the national security of the United States.

congress.gov
Mar 28, 2023

The Congress needs to increase the debt ceiling. There are no other options around that.

congress.gov
May 15, 2023

SVB failed because of a textbook case of mismanagement by the bank and that Federal Reserve supervisors failed to take forceful enough action.

congress.gov
Mar 22, 2023

FinCEN, and Treasury, should be following the money in these areas to expose the relationships between the cartels and the illicit financing.

congress.gov
View all Michael S. Barr quotes