Pat McHenry: “Look, insider trading is wrong. We can all agree on that.”

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.

I think the viable question for the American people is whether or not you have a progressive prosecutor using the justice system to go after political enemies for a political splash.

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.