Barney Frank actually said...

With regard to asset managers, to clarify, I don't think as a general rule they should be. AIG could have, should have been.

Frank discusses the designation of asset managers as systemically important financial institutions.

07/22/2014

More Barney Frank Quotes

I would have to look at the specifics. I am generally in favor of that...

I do think that the complexity issue of the Volcker Rule and the push-outs help.

I do think there is room for subtlety in that, but I don't think Glass-Steagall does it.

The incentive became to make a quantity of loans and not quality.