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

We should neither encourage it nor discourage it. And not making something illegal is not an encouragement of it or an endorsement of it.

I cannot understand how anyone would think that it is the role of the Federal Government to prohibit them from doing that.

The current regime is one of the most intrusive regulations on the banking industry that you can find.

There are some things that are damaging to others and the government should prohibit.