Barney Frank actually said...

the economic crisis would never have occurred if all lenders originated loans in the same manner as credit unions.

Barney Frank highlights credit unions' responsible lending as a contrast to the practices that caused the economic crisis.

03/23/2009

More Barney Frank Quotes

My biggest problem with the regulators, frankly, is they are equating the two kinds of mortgages.

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.