Michael S. Barr: “The attorney general of Kentucky, the Democratic attorney general, the Democratic Governor, his financial institutions…”

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

I don't agree with that assessment. I think that capital in general is facilitating strong lending to all communities, and having strong capital in the system is critical for doing that.

Community banks are exempt from this proposal. It only covers the top 37 banks in the country.

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