It is with this in mind that we are trying to enlist support for an event unprecedented in American history.
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.
Passing this bill . . . will not in any way, shape or form reduce sensible regulation of derivatives. It will not increase any exposure to the financial system from derivatives. [Sec. 716] was an unnecessary and, I think, somewhat unwise…
I do agree there was a gross violation of the Constitution involved: That was the refusal by the Republican Senators to allow a confirmation to take place.
Last question: There has been a lot of concern about American banks' exposure to European financial institutions with credit default swaps, etc.
I would be interested if you would give us, too, the CBO. And I think, if necessary, we should increase our quota, because it makes a great deal of sense.
So, in fact, the IMF, to date, has not had any net negative impact on the American taxpayer.
The notion that we should try to discourage the IMF from participating is hard for me to understand.
I do agree that we have excessive American taxpayer exposure to Europe. It is called 'NATO.'
A disastrous effect on the American economy would also have a negative effect on the President's chances for reelection.
The notion that we should use our voting power on the International Monetary Fund to keep them from participating in a tripartite effort to deal with the European crisis is economic self-destruction.
The European situation is one of the major threats to our being able to continue our recovery.
I think, a somewhat inaccurate partisan attack on the general fiscal policy of the United States.
I strongly support a very good recommit motion, but I want to clarify one point. Reference was made in the debate to this bill being one that would relieve small businesses of regulations imposed by this administration recently. Let me be…
I appreciate the gentleman from Texas selectively quoting me. I do not want to pile on studies, but this one makes a great deal of sense.
Preliminarily, I yield myself 15 seconds to say the gentleman from Texas said the American people don't care about this intrigue. Then the question is: Why do they involve in it? Why do they engage in it? Why didn't they just leave the…
I'd say that some Members think the bills may have more impact than I do. I hope I'm wrong and they have it. But if you really believe the bills are this important, why then is the debate only for 10 minutes on every single amendment, on…
Mr. Chairman, thank you for that implicit refutation of the notion that the financial reform bill is causing people all of these terrible problems.
Our policy will be when Mr. Bernanke comes back for his second appearance this year, we will begin where we left off.
I regard the enactment of Social Security and Medicare as two of the great accomplishments of this country in the 20th Century.
Before I reduce Social Security payments to elderly people... I think we should withdraw from Afghanistan.





