Barney Frank actually said...

Every single activity now characterized as a bailout that is going on in the United States was initiated by the Bush Administration.

I never expected, given the subprime meltdown and the number of foreclosures we have, that we would get that kind of opposition.

The need for regulation seems clear, and I think we should understand that this is, to a great extent, part of a historical pattern.

Senators Durbin, Schumer, Kennedy and Dodd offered the first legislative proposal to create a consumer financial agency.