On the recordFebruary 14, 2011
The lack of regulation of derivatives in various aspects contributed greatly to the financial crisis.
Source
congress.gov“The lack of regulation of derivatives in various aspects contributed greatly to the financial crisis.”
Frank points out that insufficient regulation was a significant factor in the financial crisis.
Share
More from Barney Frank
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.
Barney Frank said that he believed that it was a war on crypto that motivated this--not a systemic risk of crypto.
I think it is clear that Fannie and Freddie are sufficiently secure so they are in no great danger.
Other voices in this conversation