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Barney Frank said...

Dodd-Frank actually said that there is no legal authority to use public money to keep a failing entity in business.

Context

Dodd-Frank prohibits using public funds for failing financial entities.

07/22/2014

https://congress.gov...

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What the law says is you may have to pay some of their debts, as Ronald Reagan recognized in 1984 with Continental Illin...
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I do think there is room for subtlety in that, but I don't think Glass-Steagall does it.
7/22/2014
I think you may have misunderstood Mr. Sherman because you weren't here.
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Dodd-Frank... provided oversight to Wall Street, gave regulators the tools to end the era of too-big-to-fail entities.
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View All Barney Frank Quotes

Barney  Frank
out of office

usa, Massachusetts

392 Quotes

PartyDemocratic

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