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 should not share the States' role and subject the States to this role without their full participation.
Frank argues for the importance of state participation in regulatory discussions.
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It was a great mistake to push lower income people into housing they couldn't afford and couldn't really handle once they had it.
Barney Frank said that he believed that it was a war on crypto that motivated this--not a systemic risk of crypto.
I do think there is a tendency for an overreach by the FSOC. I do not think straightforward insurance companies or money managers should be covered and regulated as SIFIs.
I don't feel respected. I don't feel that this is kind to single out what I do.
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