Pat McHenry: “I raised this last April about regulation-by-press-release. In your first 6 months, you issued 49 press releases.”

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?

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.

I think all options should be on the table.

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.