Barney Frank: “I did believe passionately that the Federal Government ought to invest in a nationwide professional development program…”

For example, there are key differences in product characteristics between payday, car title, and other high-cost secured loans and more traditional closed-end unsecured lending and related products, and the products are often regulated…

It was a great mistake to push lower income people into housing they couldn't afford and couldn't really handle once they had it.

I think it is clear that Fannie and Freddie are sufficiently secure so they are in no great danger.

Barney Frank said that he believed that it was a war on crypto that motivated this--not a systemic risk of crypto.