We want you to have more capital. We want -- here is what we said in the bill, to a great extent. We want you to be better prepared in case you make mistakes.
Barney Frank: “We want you to have more capital. We want -- here is what we said in the bill, to a great extent. We want you to be…”
Editor's note · Context
Barney Frank discusses the intention behind regulations aimed at ensuring banks are better prepared for financial errors.
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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 financial reform that State consumer protection laws be preserved to the extent possible.
One thing that not only Barney Frank, Ms. Barnes and also Sandra Day O'Connor, Justice O'Connor agreed on is that that Kelo decision stripped those three words out of the Fifth Amendment, 'for public use.'
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