Pat McHenry: “Bad banks must be held accountable for their incompetence, or we will all go broke.”

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.

This is a matter of real substance for the independence of the Fed and the rulemaking at the Federal Reserve.

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

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