Mike Rounds actually said...

The fundamental fact is, you know, the firm failed because of its interest rate risk and its liquidity risk.

Rounds highlights the reasons for the bank's failure related to risk management.

03/28/2023

More Mike Rounds Quotes

The Inspectors General from these Agencies can and should serve as a resource for these reviews and today's hearing serves as a starting poi...

It is essential the Inspectors General view Congress as a partner in this oversight process.

Is there something we can do in terms of providing statutory authority so you can maybe cut through some of the red tape?

I think there seems to be a sense that $50 billion was arbitrary and that it is a matter of trying to find the right number.