Pat McHenry: “We still have work to do.”

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.

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?

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

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