Political Quotes

Barney Frank

The Public Record

Jul 22, 2014

I originally wanted it to be a single director. The intraparty votes in the House... wanted it to be a commission, so we compromised.

congress.gov
Jul 22, 2014

The Republican Party has been very consistent. From 1995 through 2006, they did nothing legislatively about Fannie and Freddie.

congress.gov
Jul 22, 2014

No, absolutely not. I agree with them that it would be a mistake.

congress.gov
Jul 22, 2014

With regard to asset managers, to clarify, I don't think as a general rule they should be. AIG could have, should have been.

congress.gov
Jul 22, 2014

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.

congress.gov
Jul 22, 2014

I am not asking you to come out and support this, but will you stay silent?

congress.gov
Jul 22, 2014

My biggest problem with the regulators, frankly, is they are equating the two kinds of mortgages.

congress.gov
Jul 22, 2014

I do think that the complexity issue of the Volcker Rule and the push-outs help.

congress.gov
Jul 22, 2014

I do think there is room for subtlety in that, but I don't think Glass-Steagall does it.

congress.gov
Jul 22, 2014

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.

congress.gov
Jul 22, 2014

The incentive became to make a quantity of loans and not quality.

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Politicians like Barney Frank