Barney Frank actually said...

I don't think asset managers or insurance companies that just sell insurance, as it is traditionally defined, are systemically important.

Frank argues that traditional asset managers and insurers are not systemically important.

07/22/2014

More Barney Frank Quotes

I look forward to congratulating you, Mr. Chairman, on a fourth anniversary coming up.

What the law says is you may have to pay some of their debts, as Ronald Reagan recognized in 1984 with Continental Illinois.

I was astonished again--I get astonished a lot these days; I am out of the business.

I think that is a very Marxist analysis.