Barney Frank: “I know we are trying to reach common ground here, but that simply…”

On the recordJuly 20, 1998

I know we are trying to reach common ground here, but that simply defies the English language. What we did with PMI was a government regulation of a private operation. Now, I agree it was beneficial. I had always been for it. But it was not undoing of regulation as we used the word. What we did was to pass a government regulation establishing new rules for what has heretofore been an entirely private set of transactions. I am glad we did, but that is what we did.

Said by

Barney Frank

Democratic · Massachusetts

Source

govinfo.gov

Editor's note · Context

Discussing the implications of government regulation on private operations.

Share on X Share on Facebook Email this quote

Barney Frank: “I know we are trying to reach common ground here, but that simply defies the English language. What we did with PMI was…”

Editor's note · Context