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Barney Frank actually said...

It was not his intent that asset managers be designated for heightened prudential standards or supervision by the Federal Reserve Board because they do not pose a systemic risk.

Context

Barney Frank clarified his stance on asset managers and systemic risk.

06/23/2014

https://congress.gov...

More Barney Frank Quotes

Well, first, I want to say, to a certain extent, he's right. He's a good CEO and it is a well-run bank. That's precisely why we need regulat...
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No, because we have things in place that will prevent that from happening. It is a reminder, however, that it was important that we adopt th...
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It won't -- the danger would be not if this is $2 billion, but if they lost so much that they couldn't pay their debts.
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We say, even the smartest of you, you're doing things that are so inherently risky, you have got to be better protected.
5/10/2012

View All Barney Frank Quotes

Barney  Frank
out of office

usa, Massachusetts

392 Quotes

PartyDemocratic

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