passing this bill . . . will not in any way, shape or form reduce sensible regulation of derivatives. It will not increase any exposure to the financial system from derivatives. [Sec. 716] was an unnecessary and, I think, somewhat unwise amendment. The bill before us . . . will restore this to what I think is the appropriate balance.
Frank supports the bill, asserting it maintains necessary regulations on derivatives.
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Fannie Mae and Freddie Mac do very good work, and they are not endangering the fiscal health of this country.
I think it is clear that Fannie and Freddie are sufficiently secure so they are in no great danger.
I actually opposed the bailout, the $700 billion in bailout we gave to the banks.
I was one of three Members of the House who voted against that. Three of us, Ron Paul, Dave Wu, and I voted to allow this bigot to continue to demonstrate his bigotry.
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