Barney Frank actually said...

I had not previously thought that the Majority was waiting around for the President to suggest to them what to do.

Frank questions the Majority's reliance on the Obama Administration for direction.

02/08/2011

More Barney Frank Quotes

Thank you, Mr. Chairman.

And let's be very clear, this is a recognition of the important interaction between the private market and a public element of regulation.

We should not be--we have a Federal statutory authority here that we have given to the SEC, and when we talk about how to share that, we sho...

Yes it is true if the SEC was given only what the President asked for, they wouldn't be able to do as much as they should.