Pat McHenry: “I want to comply with the law. I can't read it. And I can't afford to hire an army of lawyers to come in and read it for…”

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.

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

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

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.