House lawmakers call Fed, FDIC officials to testify in first hearing on bank failures
Committee Chairman Patrick McHenry, R-N.C., and Ranking Member Maxine Waters, D-Calif., said House Financial Services is "committed to getting to the bottom of the failures" of the banks.
"This hearing will allow us to begin to understand why and how these banks failed," the lawmakers said. "As Chairman and Ranking Member, we take our oversight duties seriously. We are working around the clock to deliver answers to the American people in order to protect depositors, promote the safety and soundness of America's banks, and strengthen our financial system. We will conduct this hearing without fear or favor to get the answers the American people deserve.
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