Political Quotes

On the recordJuly 22, 2014
The question I had to ask you is this: Why do they not want to be designated?
Said by
Barney Frank
Democratic · Massachusetts

Editor's note · Context

Frank questions the reluctance of banks to be designated as SIFIs.

Share & report

More from Barney Frank

Jul 22, 2014

Mr. Frank. Mr. Garrett, if it was a serious question, you wouldn't ask it with no time left.

congress.gov
Jul 22, 2014

I do think that the complexity issue of the Volcker Rule and the push-outs help.

congress.gov
Jul 22, 2014

The incentive became to make a quantity of loans and not quality.

congress.gov
Jul 22, 2014

With regard to asset managers, to clarify, I don't think as a general rule they should be. AIG could have, should have been.

congress.gov

Other voices in this conversation