Political Quotes

On the recordJuly 22, 2014
I don't think that--if that is your major--if that is all you do is asset management or sell life insurance, I don't think you should be a SIFI.
Said by
Barney Frank
Democratic · Massachusetts

Editor's note · Context

Frank argues that certain asset managers shouldn't be classified as systemically important financial institutions.

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More from Barney Frank

Jul 7, 2015

I don't think asset managers or insurance companies that just sell insurance as it's traditionally defined are systemically defined . . . Their failure isn't going to have that systemic reverbatory [sic] effect.

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I know what invidious discrimination is like. I have been to colored water fountains.

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I am in favor of any opinion anywhere.

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