Barney Frank: “I will respond at great length later, but I would say this. I said I did not oppose, myself, what they did. I was…”

“I will respond at great length later, but I would say this. I said I did not oppose, myself, what they did. I was talking primarily about the Bush administration. Now the ranking member said 17 Republicans out of almost 200 signed this letter. I don't think that's the majority of Republicans. They didn't oppose it. They raised questions about it. But it was the two highest ranking economic officials appointed by the Bush administration, Chairman Bernanke and Secretary Paulson, who did this; and it's the Bush administration that seems to me to be totally inconsistent here. So yes, I did point to an inconsistency between the Bush administration doing the bailout and their opposing this. I'm setting a precedent. I hope the citizens will think we are setting the precedent of coming to their aid from time to time.”