Barney Frank actually said...

They should be banned; and I believe if this Committee doesn't do it, it will be done by the SEC.

Frank argues for banning naked credit default swaps to prevent moral hazard.

02/02/2009

More Barney Frank Quotes

We can't. We are contractually obligated to reward the people that have driven us to the edge of the precipice--$1 million bonuses, at that.

Do you know, they signed that? This is what started us off.

I voted no on it too, Trent, and it is now a part of American history.

And at the same time, the money is still drying up at the bottom.