If we are truly serious about ending poverty and uplifting all communities, we must reinvest in HUD.
Barney Frank
The Public Record
Barney Frank is a former U.S. Representative from Massachusetts, serving from 1981 to 2013. A member of the Democratic Party, he was known for his progressive stance on various issues, including financial regulation and LGBT rights. Frank played a significant role in the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which aimed to prevent the kind of financial crisis that occurred in 2008. He was also one of the first openly gay members of Congress, advocating for LGBTQ+ rights throughout his career.
We cannot allow poor people to go without advocacy in the Congress of the United States of America.
Are we saying that America no longer wants to help the disabled, the elderly, and the children?
There is going to be a bill--this is Mr. Frank talking to the community bankers, according to the Washington Post--and either you are going to have to get on the bus or be run over by it.
That makes no sense; for them not to be able to make that fact clear makes no sense to me.
I lived up exactly to that deal, as the gentleman on my right implicitly said.
With regard to asset managers, to clarify, I don't think as a general rule they should be. AIG could have, should have been.
We did have a fund, and there has been a fundamental difference between the two parties on whether or not we should assess large financial institutions.
My own view is that nothing could be more unlikely, given the current political mood.
I don't think that--if that is your major--if that is all you do is asset management or sell life insurance, I don't think you should be a SIFI.
I was astonished again--I get astonished a lot these days; I am out of the business.
If I had one magic wand I could wave, I would have merged the SEC and the CFTC.
I recognize they believe that we brought some stability--I don't think every piece of it, but that we brought some stability.
Dodd-Frank... provided oversight to Wall Street, gave regulators the tools to end the era of too-big-to-fail entities.
No. I voted against the repeal of Glass-Steagall at the time because I thought it did not help benefit the new regulation.
Yes. I am proud of the fact that we insulated the Consumer Financial Protection Bureau from that strangulation by non-appropriation that has happened to the CFTC.
May I begin by responding to that outrageous suggestion that I broke my word?
I am again very surprised to hear my Republican friends now say our problem is that we have toughened up the standards for banks loaning to people.





