If uncertainty is an issue and you want to get past the process of resolving what happened before and what is the basis for the rules going forward, then you shouldn't have more delay. You need to have rules now.
Frank emphasizes the need for immediate regulatory rules to address financial uncertainty.
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I think it is clear that Fannie and Freddie are sufficiently secure so they are in no great danger.
Barney Frank said that he believed that it was a war on crypto that motivated this--not a systemic risk of crypto.
For example, there are key differences in product characteristics between payday, car title, and other high-cost secured loans and more traditional closed-end unsecured lending and related products, and the products are often regulated…
We should have made it much higher, $125 billion or more, and we should have indexed it.
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