Barney Frank, the author of the Dodd-Frank bill, in this committee, sitting in that chair, who has testified in this committee that he told us that the $50 billion threshold is arbitrary and that we should look at alternative methods for determination.
Barney Frank criticized the arbitrary $50 billion threshold for SIFI designations in Dodd-Frank.
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Are we saying that America no longer wants to help the disabled, the elderly, and the children?
FSOC's power to recommend more stringent regulation of specific activities and practices has distinct public policy advantages over its power to designate individual companies.
We cannot allow poor people to go without advocacy in the Congress of the United States of America.
I actually opposed the bailout, the $700 billion in bailout we gave to the banks.
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