How GOP banking leader Patrick McHenry went from 'extremely right-wing' to 'responsible' in SVB crisis

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How GOP banking leader Patrick McHenry went from 'extremely right-wing' to 'responsible' in SVB crisis
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Patrick McHenry is anything but a partisan warrior in his new role as chair of the House Financial Services Committee.

“He was extremely right-wing,” said Cam Fine, the former head of the Independent Community Bankers of America, which works closely with the Financial Services Committee. “He was pretty bombastic, quite frankly, and said a lot of things that you kind of shook your head at a little bit. … He was a ball of energy.”

Patrick McHenry entered Congress in 2005 at 29, providing little hint to people getting to know him in those early days that he would become one of the GOP’s leading pragmatists and dealmakers. | Pablo Marrinez Monsivais/AP Photo In the ensuing years, McHenry followed a dual track through the ranks of House Republicans, moving up in seniority at the Financial Services Committee but also in House leadership, eventually becoming one of the GOP’s top vote counters as chief deputy whip.Before calamity struck the banking system the last few days, McHenry was determined to flex his dealmaking skills by finding bipartisan compromises with the Financial Services Committee’s top Democrat, Rep.

lock down the votes he needed to become speaker, a partnership that thrust the bow-tied Republican into the national spotlight as he negotiated with conservative rebels who dragged out the process for days, paralyzing the chamber.His ability to draw together different factions of the party won him high praise from some of McCarthy’s closest allies. said.

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