"Our regulators were simply asleep at the wheel."
"President Biden's reckless spending caused this 40-year high in inflation, and the country, as well as the bank, experienced tremendous loss."
"If you cannot stay on mission and enforce the laws as they already are on the books, how can you ask Congress for more authority with a straight face?"
"What is the future of regional banking?"
"So you are suggesting that a private sector engagement would have increased the cost, not decreased the cost."
"Are you suggesting that the fact that the board had not approved the offer that was on the table was the primary reason why you turned down that offer?"
"if we would have had a better private sector engagement with quicker action from the Feds, I think we could have avoided the concept that rushed us to a decision, which was a concern of contagion, in ..."
"That's why I'll be introducing legislation to strengthen regulators' ability to impose fines and penalties, clawback bonuses, and ban executives who caused bank failures from working at another bank e..."
"By all accounts, this is a classic tale of negligence, and it started with the banks themselves."
"By all accounts, our regulators appear to have been asleep at the wheel."
"If you can't stay on mission and enforce the laws as they already are on the books, how can you ask Congress for more authority with a straight face?"
"The FDIC's bid auction process has been a black hole for Congress and the American people--and we deserve answers."