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Barney Frank actually said...

Municipal securities almost never default.

Context

Frank emphasizes the reliability of municipal securities compared to corporate finance.

07/19/2012

https://congress.gov...

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I look forward to congratulating you, Mr. Chairman, on a fourth anniversary coming up.
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What the law says is you may have to pay some of their debts, as Ronald Reagan recognized in 1984 with Continental Illinois.
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I was astonished again--I get astonished a lot these days; I am out of the business.
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I think that is a very Marxist analysis.
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View All Barney Frank Quotes

Barney  Frank
out of office

usa, Massachusetts

386 Quotes

PartyDemocratic

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