On the recordMarch 15, 2009
The federal government says, wait a minute. We, in effect, own this company. And we're not going to pay bonuses to people who lost money for the company that we had to take over.
Source
transcripts.cnn.comEditor's note · Context
Frank emphasizes the government's ownership of AIG and its stance against paying bonuses.
Share & report
More from Barney Frank
Jul 7, 2015
I don't think asset managers or insurance companies that just sell insurance as it's traditionally defined are systemically defined . . . Their failure isn't going to have that systemic reverbatory [sic] effect.
Sep 28, 2015
The Consumer Financial Protection Bureau may not exercise any rulemaking, supervisory, enforcement, or any other authority including any authority to order assessments over a motor vehicle dealer that is predominantly engaged in the sale…
Jul 7, 2015
FSOC's power to recommend more stringent regulation of specific activities and practices has distinct public policy advantages over its power to designate individual companies.
Other voices in this conversation
