Michael S. Barr: “The Department of Justice is picking winners and losers in the marketplace.”

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

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.

I do think the banking system is sound and resilient.

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