Barney Frank actually said...

We can't. We are contractually obligated to reward the people that have driven us to the edge of the precipice--$1 million bonuses, at that.

Frank points out the absurdity of bonuses given to those responsible for the crisis.

10/21/2009

More Barney Frank Quotes

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

Yes. I am proud of the fact that we insulated the Consumer Financial Protection Bureau from that strangulation by non-appropriation that has...

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.