Barney Frank

I differ with the Senator's interpretation of the purpose. I thought risk retention was very important.

I could be persuaded as I would like to be, but I am the only speaker, and since I am defending the committee's position, I will reserve the balance of my time.

I would say to my friend, and I thank him, if somebody had put Countrywide out of business, we'd have been in good shape. But the bias of the Republicans here against consumers and for the banks is very clear. A later amendment will…

First, I yield myself 30 seconds to say I understand many of the Republicans objected to the financial reform bill because it was too long; but apparently even a much shorter bill was too long for the gentleman from New York. He got up to…

I am very pleased to be joined by so many leaders on the Financial Services Committee. I now yield 3 minutes to one of them, the gentleman from North Carolina (Mr. Watt).

It is that the gentleman misstated my words quite clearly, and I believe they should be taken down if he is not ready to rescind them.

A point of order, Mr. Speaker. The SPEAKER pro tempore (Mr. Poe of Texas). The gentleman will state his point of order.

You made a statement about the Comptroller of the Currency, a statement which I thought was inaccurate, and I wanted to correct it. Now, as to Elizabeth Warren, yes, that's what she originally proposed, and I decided and others on our side…

The gentleman made a statement. I am ready to get to it. Do you want me to answer?

First, I would say the Comptroller of the Currency, which is in the Treasury for administrative purposes, is legally independent, and the Secretary of the Treasury has no right to interfere. The Comptroller of the Currency is not subject…

My friend is unfair to the Republicans, because they do create more jobs in this bill. The CBO says this bill will cost $71 million because instead of the single administrator, they want to create four more bureaucrats, with more staff…

The notion that--actually, Mr. DeLay was calling the shots then. You know, I wanted to deal with this.

With multiple co-sponsors, both Senator Scott Brown and Congressman Barney Frank from our home State of Massachusetts, introduced identical bills in the House and the Senate, known as the Veterans Day Moment of Silence Act, H.R. 2498 and…

I demand a recorded vote. The Acting CHAIR. Pursuant to clause 6 of rule XVIII, further proceedings on the amendment offered by the gentleman from Massachusetts will be postponed. Amendment Offered by Mr. Fortenberry

I have an amendment at the desk. The Acting CHAIR. The Clerk will designate the amendment. The text of the amendment is as follows: At the end of the bill (before the short title), insert the following: Sec. __. The total amount of…

We sometimes hold back in using our legitimate moral authority because we worry about somehow alienating other countries.

The notion that people will not be able to make loans unless they can securitize without risk retention I think is a great mistake.

I thought the question was pretty clear.

I am trying to figure out what harm can come.

It is extraordinary to me that my Republicans colleagues, who have been so disrespectful of virtually anything the Obama Administration has said, on this very difficult issue are trying to hide behind it.

The Republicans spent all last year telling us that they were just ready to take on this tough issue of what to do about housing finance.

I will now begin my statement. I am not surprised that the chairman of the subcommittee began not with any positive statement about what he is planning to do, but by a defense of what they are doing.

Well, let me begin with my friend from North Carolina. $150 million a year to Brazilian cotton farmers, which the gentleman voted for. Now, what we could have done was, instead of giving them $150 million-- Mr. McHENRY. Will the gentleman…

We have introduced a bill to restore a provision that was knocked out by Republicans.

Yes, we are introducing legislation to make sure that the taxpayers are off the hook.