Barney Frank actually said...

I did not think that the concept would do a great deal, and I believe it has been only marginally useful, although it has of course done no harm.

Discussing the usefulness of the Corrections Day procedure in Congress.

12/13/2000

More Barney Frank Quotes

We clearly believe that municipalities have been badly treated by this system.

That is kind of like saying, if you live in Iowa, you have more chance of being eaten by a shark than if you lived in Montana.

These are people who have systematically overrated private securities but systematically underrated public entities.

I differ with the Senator's interpretation of the purpose. I thought risk retention was very important.