"The best humor is offered up to you by the stupidity of your opponents."
"In the debate between those who believe in essentially unregulated markets and others who hold that reasonable regulation diminishes market excesses without inhibiting their basic function, the subprime situation unfortunately provides ammunition for the latter view."
3 likes
Source: (Sub)prime argument for regulation by Barney Frank, www.ft.com. August 19, 2007.
About the author
Same author
More quotes by Barney Frank
"The left and the right live in parallel universes. The right listens to talk radio, the left's on the Internet and they just reinforce one another. They have no sense of reality. I have now one ambition: to retire before it becomes essential to tweet."
"These two entities Fannie Mae and Freddie Mac are not facing any kind of financial crisis. The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing."
"Capitalism works better from every perspective when the economic decision makers are forced to share power with those who will be affected by those decisions."
"Increasing inequality in income distribution in this country has broader policy implications, and there is also the growing problem of perverse incentives that result from executives receiving grossly disproportionate compensation based on decisions they themselves take."
"The Moral Majority supports legislators who oppose abortions but also oppose child nutrition and day care. From their perspective, life begins at conception and ends at birth."