Barney Frank actually said...

I would like to see a very sharp distinction in loans. I would like the main safeguard against bad loans to be risk retention.

Frank emphasizes the importance of risk retention in loan safeguards.

07/22/2014

More Barney Frank Quotes

My biggest problem with the regulators, frankly, is they are equating the two kinds of mortgages.

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

I do think there is room for subtlety in that, but I don't think Glass-Steagall does it.

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