Frank expresses frustration over the clarity of his question.
03/30/2011
https://congress.gov...
I do think that the complexity issue of the Volcker Rule and the push-outs help.
People have a right to say what they want, but that is, I think, an inaccurate, self-fulfilling prophecy about what will happen.
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.