This is an important first step in providing transparency and accountability necessary to the American taxpayer.

By all accounts, this is a classic tale of negligence, and it started with the banks themselves.

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?

Our regulators were simply asleep at the wheel.

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?

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 part.

So you are suggesting that a private sector engagement would have increased the cost, not decreased the cost.

This is an important first step in providing transparency and accountability necessary to the American taxpayer.

President Biden's reckless spending caused this 40-year high in inflation, and the country, as well as the bank, experienced tremendous loss.

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 ever again.

By all accounts, our regulators appear to have been asleep at the wheel.

It is hard to believe the Biden administration seriously is concerned about the failure that we are seeing.

The FDIC's bid auction process has been a black hole for Congress and the American people--and we deserve answers.

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?

It is time we proved them wrong--ignore corporate lobbyists, and put workers and their families first.

I think it is important to understand how your agency has navigated the challenges facing transit agencies.

Yes, they would definitely feel safer.

The safety of our transit system is a major question and a major failure that we need to address.

The safety of our transit system is a major question and a major failure that we need to address.

those folks, because of the actions of the regulators and this Administration, will now be bailing out those who had balances of $5 million.

The safety of our transit system is a major question and a major failure that we need to address.

one of the best decisions I made when I became a Senator was to go undercover and ride through mass transportation systems in my State

The failure should be seen through the three prisms. One, is the failure of the bank executives and the board.

the average person in our country has a bank balance of around $5,000.