Political Quotes

Barney Frank: “I don't think asset managers or insurance companies that just sell insurance as it's traditionally defined are…”

On the recordJuly 7, 2015
I don't think asset managers or insurance companies that just sell insurance as it's traditionally defined are systemically defined . . . Their failure isn't going to have that systemic reverbatory [sic] effect.
Said by
Barney Frank
Democratic · Massachusetts

Editor's note · Context

Barney Frank argues that asset managers and traditional insurers do not pose systemic risks.

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