I originally wanted it to be a single director. The intraparty votes in the House... wanted it to be a commission, so we compromised.
Barney Frank
The Public Record
The Republican Party has been very consistent. From 1995 through 2006, they did nothing legislatively about Fannie and Freddie.
With regard to asset managers, to clarify, I don't think as a general rule they should be. AIG could have, should have been.
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.
My biggest problem with the regulators, frankly, is they are equating the two kinds of mortgages.
I do think that the complexity issue of the Volcker Rule and the push-outs help.
I do think there is room for subtlety in that, but I don't think Glass-Steagall does it.
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.





