Michael S. Barr: “I think it is very hard to hold up the failure of Lehman Brothers and the way it was managed as a model of how we want…”

The Federal Reserve's rules, issued in the wake of the legislation that was issued in 2019, did have the effect of lowering supervisory and regulatory standards for firms.

I can say the banking system is sound and resilient. I think that was really the right thing to do.

I want to know what the bank executives were doing in the months, weeks, and days leading up to this failure.

The research shows that there is no basis for the conclusion that low-income or moderate-income households were responsible for causing the financial crisis.