Barney Frank actually said...

The danger would be none of this is $2 billion, but if they lost so much that they couldn't pay their debts, that's why I say we begin with ...

Well, they just lost $2 billion. They just lost about five times that or four times that through their own errors.

The fact that the American institution is doing this overseas is no reason to say they're not subject to regulation.

Well, first, I want to say, to a certain extent, he's right. He's a good CEO and it is a well-run bank. That's precisely why we need regulat...