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Barney Frank said...

The incentive became to make a quantity of loans and not quality.

Context

Frank highlights the issue of prioritizing loan quantity over quality.

07/22/2014

https://congress.gov...

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I hope to hear you remind my Republican colleagues about just how close to the brink we came in 2008.
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Although this does-- there is this myth that somehow the Democrats were pushing for these loans.
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Dodd-Frank actually said that there is no legal authority to use public money to keep a failing entity in business.
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My biggest problem with the regulators, frankly, is they are equating the two kinds of mortgages.
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View All Barney Frank Quotes

Barney  Frank
out of office

usa, Massachusetts

392 Quotes

PartyDemocratic

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