Barney Frank: “I would say to my friend, and I thank him, if somebody had put Countrywide out of business, we'd have been in good…”

“I would say to my friend, and I thank him, if somebody had put Countrywide out of business, we'd have been in good shape. But the bias of the Republicans here against consumers and for the banks is very clear. A later amendment will require the consumer bureau to submit very much this kind of information to the Financial Stability Council. So it's not reciprocal. If the consumer bureau, under their amendment, has a rule or regulation that it has to give all this information to the council but nobody else does, it is one more example of how the consumer bureau is not at all that favored.”