Barney Frank actually said...

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

Criticizes the regulatory burden placed on financial institutions regarding gambling.

11/17/2011

More Barney Frank Quotes

Well, they just lost $2 billion. They just lost about five times that or four times that through their own errors.

The fact that the American institution is doing this overseas is no reason to say they're not subject to regulation.

No, because we have things in place that will prevent that from happening. It is a reminder, however, that it was important that we adopt th...

It won't -- the danger would be not if this is $2 billion, but if they lost so much that they couldn't pay their debts.