Barney Frank actually said...

I think it will be less independent as a Fed, because as you know, the regional bank presidents have an independent staff...

Frank argues that appointing Fed presidents by the Senate would reduce independence.

05/07/2012

More Barney Frank Quotes

There are more and less responsible ways to deal with that, but it is a good fact of our system.

We have an unhappiness on the part of a lot of citizens who are suffering deeply from the consequences of mistakes which most of them didn't...

I urge you and I will urge everybody who is in this business to withhold foreclosure until we get Mr. Geithner's program.

covering all forms of financial activity