Pat McHenry: “Pursuing more diverse boards is the right thing to do as a matter of economic interest for these institutions.”

I am pleased that the Fed is resolute in getting inflation under control.

We need to understand the decisions that were made last weekend on -- from Thursday until Sunday night...

We need to get to the bottom of whether or not this is a supervisory problem, a regulatory problem, a bank mismanagement problem, perhaps all three.

I thank the Chair, and I thank the panel for being with us today to continue our investigation of the poisonous culture at the FDIC.