Barney Frank: “People have a right to say what they want, but that is, I think, an inaccurate, self-fulfilling prophecy about what will…”

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.

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

I urge staff to pay close attention to the differences in products offered by nonbank institutions and to be mindful of Congress's intent in financial reform that State consumer protection laws be preserved to the extent possible.

Congress generally, and this subcommittee in particular has historically played a critical role in strengthening accountability at the World Bank.