01/14/2009
https://www.congress.gov...
"I do know, and I appreciate the fact that we need to move on some of this legislation."
"Would the absence, in the case of Silicon Valley Bank, of not having a chief risk officer for 8 months... would that have not been a board responsibility to hold management accountable?"
"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."
"The enforcement actions that are currently at regulators' disposal do not take into account oversight responsibilities..."