Barney Frank actually said...

I do want to say, in defense of the regulators, that they are, to some extent, damned if they do and damned if they don't.

Frank discusses the challenges faced by regulators in implementing the Volcker Rule.

12/12/2012

More Barney Frank Quotes

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.