Barney Frank said...

Because you don't wait until it's too late.

Responding to George Soros' concerns about timing for financial reforms.

10/25/2009

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In 2009, Barney Frank introduced the Consumer Financial Protection Agency Act, which created a five-person board at the ...

Mr. Frank. Mr. Garrett, if it was a serious question, you wouldn't ask it with no time left.

That makes no sense; for them not to be able to make that fact clear makes no sense to me.

I do think there is room for subtlety in that, but I don't think Glass-Steagall does it.