Rashida Tlaib Yells at Fed Chair Powell: You Don’t Think that Making Money Is a Bad Thing?

EXCERPT:

TLAIB: “You don't think it's because people made money off of the failure?”
POWELL: “I think nothing --”
TLAIB: “You don't think money drove them to do what they did?”
POWELL: “I -- I didn't say that. What I said -- you know, there are -- there are lots of --”
TLAIB: “So they made money from it. They -- they actually -- it was a lottery for them, right?”
POWELL: “I do not think that incentive compensation arrangements were at the heart of the Silicon Valley Bank failure. No.”
TLAIB: “OK. Do you support a robust rulemaking for executive compensation, chairman?”
POWELL: “I -- I know that the -- I know that the --”
TLAIB: “Oh, you don't?”
POWELL: “I'm sorry? “
TLAIB: “I'm just -- do you support robust rulemaking for executive compensation? Do you -- do you believe in Section 956?”
POWELL: “Section 956 is the law.”