Pat McHenry: “So it is a twofold, those coming and going, the liability provisions, right?”

Broad and material changes to the Basel III Endgame necessitate a full reproposal. Full stop.

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.

Is this a place where you would want to work? Based on your spending weeks on this project, would you want to work in this environment?

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