Barney Frank: “Let me ask the gentleman, because I know he has studied this well. I have read the opinion. I have not read the…”

Fannie Mae and Freddie Mac do very good work, and they are not endangering the fiscal health of this country.

I urge staff to pay close attention to the differences in products offered by nonbank institutions and to be mindful of Congress's intent in financial reform that State consumer protection laws be preserved to the extent possible.

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.