No, because we have things in place that will prevent that from happening. It is a reminder, however, that it was important that we adopt the rules we have adopted that mean 2008 can't happen again or very -- it's very unlikely to happen again. And it's a refutation of the argument of those who said, oh, you overreacted, we know what we're doing.
Barney Frank: “No, because we have things in place that will prevent that from happening. It is a reminder, however, that it was…”
On the recordMay 10, 2012
Source
transcripts.cnn.comEditor's note · Context
Barney Frank discusses the measures in place to prevent another financial crisis similar to 2008.
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