07/26/2022
https://www.congress.gov...
"The five largest U.S. banks in 2005 were all national banks and too big to fail."
"Well, let me ask you, you have twice been criticized by your own Inspector General for keeping, quote, "a light touch," light for too long when banks under your watch were getting in trouble."
"Well, I will submit the question for the record because the Chairman has been very generous with my time, but one of the things I would ask you is: What are you doing in comparison to State regulators..."
"the Federal Reserve, you know, is at the forefront of what needed to be done because they had the ability to set the standard."