“The president is scared of your power, and he wants you to believe your vote does not matter.”
“AI is not going anywhere. It has both promise and peril. I just want us to be thinking critically about this from all angles.”
“I’d be worried about a massive economic slowdown. You know, the impact of Wall Street on Main Street, and I’d be worried about job losses.”
“He wants you to lose confidence in our electoral system so you stay home this November.”

Political Quotes

On the recordMarch 10, 2011
This is not a $50 million expenditure for 40 loans. The $50 million has not been given to anybody, not a penny of it. It has been put in a reserve account. Fifty million has been set aside in a reserve account. It was disbursed from the TARP to a reserve account. The CBO, as I've submitted if this goes forward, it will be about $12,000 per loan. Last week, the gentleman from Illinois was claiming that if you participate in this program, you would have a tax liability. He learned that that was totally wrong. He is perpetuating error.
Said by
Barney Frank
Democratic · Massachusetts
Source
govinfo.gov

Editor's note · Context

The speaker addresses misconceptions about a $50 million reserve account related to loans.

Share

Share on XShare on FacebookEmail this quote

More from Barney Frank

Jan 9, 2024

Barney Frank said that he believed that it was a war on crypto that motivated this--not a systemic risk of crypto.

congress.gov
Oct 21, 2019

I think it is clear that Fannie and Freddie are sufficiently secure so they are in no great danger.

congress.gov
Jul 12, 2017

We should have made it much higher, $125 billion or more, and we should have indexed it.

congress.gov
Mar 20, 2017

No one doubts that if a change in administration comes and the new President disagrees with the existing Director, he or she can be removed.

congress.gov
View all Barney Frank quotes

Other voices in this conversation