Mark R. Warner

Would the absence, in the case of Silicon Valley Bank, of not having a chief risk officer for 8 months when the bank was experiencing this kind of growth, would that have not been a board responsibility to hold management accountable?

I do know, and I appreciate the fact that we need to move on some of this legislation.

I think this was a disaster that could have been avoided, on Silicon Valley Bank in particular.

The number of notices that the regulators had the bank management had that things were going awry and the fact that nobody acted on those is extraordinarily problematic.

I do think, and again we are--I may take a little issue with Dr. Rideout's position, because I do think you have to get the information right.

But don't you think even if you get the information right, the amount of time that that information stays right is going to be a short term?

I do not know any family, including mine, that does not have some challenges around mental health.

I am looking forward to that Subcommittee hearing with my Ranking Member, Cynthia Lummis, and I know that it will be a good hearing.

Minneapolis has really been a strong leader in tackling the ways--getting rid of exclusionary zoning practices.

We do not need to sacrifice health and safety in order to do the zoning reforms that we want to do.

If we can get, again, first-generation, first-time homebuyers that ability to build equity twice, that then helps in terms of the ability to not get deep in debt when your kid needs to go to college

We have a huge racial wealth gap in this country, roughly 10 to 1 White-Black ratio, a lot of that due to home ownership differentials.

I am working on an approach that would provide an employer-based tax credit so that an employer could give a downpayment to an employee on a tax-free basis.

We do need to do regulatory streamlining and put more tools in the tool chest on how we get this right.

You just said it on the record, so I am going to hold you to it.

Shouldn't we also allow those employees who have student debt to go ahead and qualify as well

We do. And you know, yes, it is.

I think we're going to have to deal with it, both legislatively.

But all of that is a huge improvement.

CIA is still the laggard.

It's just really hard, because when you go see them and you tell them well, you know, it'll take three or four years to clear you.

I think we need to be able to hire good people to come in and work for the Government.

The position of the Administration cannot pass any kind of smell test.

I think some of the things you have already pointed out, Vice Chair Barr, is that the bank's business... was such a high concentration of counterparty risk.

I had real questions. Was this a regulatory and bank management failure or was it... a statutory failure?