Barney Frank

This question is requiring accounting, the accounting standards require them to write down the assets. I think that's reasonable. The problem is that once that's done, too many things automatically flow from that. There used to be a show…

Absolutely. If the gentleman would yield, I think that this is an important part of what the average American wants and needs and that this is part of the chain of employment, so I will be urging them to do exactly that.

Yes, recreational vehicles play an important role in the economy and in the people's quality of life, and they should be included.

If the gentleman will yield, yes, he's correct. What we, in fact, say here is that nothing should be advanced to a bank without an agreement in advance as to how it should be used. Now, we would expect a great bulk of the funds, the…

But we don't want to be so restrictive that we drive out private capital. This will only work if the public capital leverages and unlocks and reassures private capital.

I guarantee we will be having hearings later this year on the proposal. My own view is that some form of insurance would be there. The most unjustified risk premium being paid in America is by those municipalities that issue particularly…

I think one of the most sympathetic victims of this financial crisis has been the municipalities. The capacity to finance what's necessary for the quality of the life of their constituents has been impaired by factors well beyond their…

Absolutely. This is a necessary component of our efforts to keep the American automobile manufacturers from going under. We give this authority--we reassert this authority to Treasury, and we intend to be very, very insistent that they use…

I believe that the difference in the way the TARP will be administered in the new administration and the last administration will be very glaring, and frankly, I think that one of the motivations on some of my Republican colleagues to kill…

If we don't do this, it will cost us even more. This economy is now in the worst shape since the Great Depression. And if we do not respond in a very firm way, it gets worse and worse and feeds on itself.

Religious leaders obviously have every right TO speak out in opposition to anti-discrimination measures, even in degrading terms that Reverend Warren has used with regard to same-sex marriage. But that does not confer upon them the right…

Religious leaders obviously have every right to speak out in opposition to anti-discrimination measures even in the degrading terms that Rev. Warren has used with regard to same-sex marriage. But that does not confer upon them the right to…

Barney Frank said that the Democrats intend to cut defense spending by 25 percent, to gut the defense budget.

I think it is better than even. And, again, I think the main change is reality.

The Republicans, of course, controlled Congress, and especially the House, from 1995 until 2006. They never passed a bill to improve the regulation of Fannie Mae and Freddie Mac.

We weren't able to get everything we wanted. And that's -- we -- in fact, I tried earlier today, with the support of Speaker Pelosi, to rewrite some of those protections to make clear that they would be useful.

The chairmanship does not come with the power to command people how to vote.

I think it is likelier to pass than before. But the major difference, frankly, is not what the Senate did, to be honest.

When did I suddenly require the ability to stop the House Republicans under Newt Gingrich and Dick Armey from doing anything?

The only people who really seem to care about the deficit these days are a group of moderate Democrats who are the blue dogs.

Well, it's still uncertain. And I think it is likely to pass than before.

Some of the Republicans have been trying to make a point about Fannie Mae and Freddie Mac. Here are the facts on this. The Republicans of course, controlled Congress and especially the House from 1995 until 2006. They never passed a bill…

I think the hope we have is that the switches will come among the Republicans.

The first time they were presented with a paper plan, a plan on paper, from House Republicans, who have obviously been the ones who are not seeing eye to eye with the other parties in this.

I think this was a campaign point for Senator McCain.