Barney Frank actually said...

Every single activity now characterized as a bailout that is going on in the United States was initiated by the Bush Administration.

Frank emphasizes that bailouts began under Bush, not Obama.

07/20/2009

More Barney Frank Quotes

And I think this is a problem not of the regulators but of the private sector--and of the British, because this was a British association.

the most important issue, it seems to me, regarding municipal finance is one that we took some steps to dealing with...

Municipal securities almost never default.

I just want to thank Mr. Dold for his leadership on the issue.