Michael S. Barr: “The obligation, obviously, is on Congress and the Executive Branch to work out an arrangement on the debt ceiling to…”

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

The bank did respond to regulator citations but those responses were insufficient.

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

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