Barney Frank actually said...

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.

Barney Frank explains the potential dangers of J.P. Morgan's financial losses and their implications for the bank's ability to pay debts.

05/10/2012

More Barney Frank Quotes

It was a great mistake to push lower income people into housing they couldn't afford and couldn't really handle once they had it.

We should have made it much higher, $125 billion or more, and we should have indexed it.

For example, there are key differences in product characteristics between payday, car title, and other high-cost secured loans and more trad...

I urge staff to pay close attention to the differences in products offered by nonbank institutions and to be mindful of Congress's intent in...