My understanding is that the FDIC kept certain regional banks from even bidding on First Republic.
I have heard a lot of stories that banks were literally told, sorry, you can't even apply.
I am concerned that our regulatory response hasn't focused enough on our small, medium-sized, and regional banks.
the State-level tax deduction cap has led to disparate treatment of American taxpayers.
I am concerned that the cap is pushing Americans out of States like mine, New Jersey, as they seek lower-tax States.
No one was excluded if they wanted to, in your understanding, if they actually were interested in bidding?
I pushed this committee and financial regulators to create smart guardrails for digital assets.
You have repeatedly claimed that most cryptocurrencies are covered by existing securities law.
I have shared with you my concern with the unusually short-fused, overlapping, rushed, and zone-flooding rulemaking under the SEC.
Those who say Congress eliminated annual stress tests and other prudential safeguards need to read the bill again.
Before Dodd-Frank, we had a system of too-big-to-fail. We don't want a system, in my opinion, where banks are too-small-to-succeed.