Pat McHenry: “One of the worst is when we come up with new giveaway subsidies for people who probably don't need it.”

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

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

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