Barney Frank: “I think that is a very Marxist analysis.”

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

For example, there are key differences in product characteristics between payday, car title, and other high-cost secured loans and more traditional closed-end unsecured lending and related products, and the products are often regulated…

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

It was because they were banking crypto, not because they were insolvent.