That's helpful. Thank you.

It's a national policy?

That's helpful. Thank you.

So, the definitions of what is necessary for a secret or a top secret or a TS/SCI, the conditions or the policies are consistent across all departments?

Pretty interesting statement, if it was not aligned with reality.

Thank you, Mr. Chairman. First of all, thank you to all of you for appearing before our Committee today.

I think it is terrible risk management, obviously, not to have a CRO at the firm.

A matter requiring immediate attention is, as its name suggested, telling managers that they should place a priority on fixing this issue over other issues.

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

Thank you, Mr. Chairman. First of all, thank you to all of you for appearing before our Committee today.

A matter requiring immediate attention is, as its name suggested, telling managers that they should place a priority on fixing this issue over other issues.

I think it is terrible risk management, obviously, not to have a CRO at the firm.

Pretty interesting statement, if it was not aligned with reality.

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

Just to follow up a little bit, recognizing once again that we will get a full report in the next couple of weeks, but it seems to me that when it turns into an MRIA there is an expectation that the board, or the executive officers, would…

During this time period, perhaps for as much as 6 months during that previous year, the bank was without a risk management officer. Is that correct?

My understanding is that there was a period of time there in which they were without a CFO as well. Is that correct?

And I recognize that there is a difference between a matter requiring immediate attention and a matter requiring attention.

Clearly, he's following some leaks, apparently that are coming out of a DA's office that should not happen.

Look, I don't think it's a territorial dispute. While he may be taking territory, and it's technically accurate to say that there's territory being taken, this is bigger than that for us.

To begin with, let me make it clear there's a difference between the former president and what he did on January 6th as the president of the United States and his call for support at the Capitol, versus an individual person, today, asking…

It's very clear in the Constitution, in the way that the Founding Fathers had laid that out that you were looking at whether or not an individual was the president of the United States or was just an individual.

A failure of the bank, a failure with the regulators, and without any question, a failure at the top, which is the President of the United States, that created an inflationary effect that we haven't seen.

The average person in our country has a bank balance of around $5,000. And those folks, because of the actions of the regulators and this Administration, will now be bailing out those who had balances of $5 million.

I would like to thank my colleague from Vermont for his comments. I think we all want the same thing. We want the auction authority to be able to move forward. I do believe that it is very appropriate because there are negotiations which…