Barney Frank actually said...

the notion that people will not be able to make loans unless they can securitize without risk retention I think is a great mistake.

Frank criticizes the belief that loans depend on securitization without risk retention.

03/30/2011

More Barney Frank Quotes

I am not asking you to come out and support this, but will you stay silent?

I do think that the complexity issue of the Volcker Rule and the push-outs help.

I do think there is room for subtlety in that, but I don't think Glass-Steagall does it.

The incentive became to make a quantity of loans and not quality.