Barney Frank actually said...

The problem was not so much that we deregulated as a society, but that we did not have new regulations to keep up with new activity.

Frank argues that lack of new regulations, not deregulation, caused financial issues.

07/22/2014

More Barney Frank Quotes

And I think this is a problem not of the regulators but of the private sector--and of the British, because this was a British association.

Municipal securities almost never default.

the most important issue, it seems to me, regarding municipal finance is one that we took some steps to dealing with...

I just want to thank Mr. Dold for his leadership on the issue.