Barney Frank actually said...

the European situation is one of the major threats to our being able to continue our recovery.

Frank cites the European crisis as a significant threat to U.S. economic recovery.

03/19/2012

More Barney Frank Quotes

Well, they just lost $2 billion. They just lost about five times that or four times that through their own errors.

The fact that the American institution is doing this overseas is no reason to say they're not subject to regulation.

No, because we have things in place that will prevent that from happening. It is a reminder, however, that it was important that we adopt th...

It won't -- the danger would be not if this is $2 billion, but if they lost so much that they couldn't pay their debts.