Chapter
The Surprising Story Of Barney Frank, The Former Congressman Who Joined A Bank Board
07:47 - 16:11 (08:23)
Signature Bank invited Barney Frank to join its board of directors just as it was approaching having $50 billion in assets, which would mean it has to face a new level of federal oversight, and all sorts of financial requirements.
Clips
After achieving the crowning achievement of having the Dodd Frank bill named after him, Congressman Barney Frank decided to retire from Congress at the age of 72.
07:47 - 08:56 (01:08)
Summary
After achieving the crowning achievement of having the Dodd Frank bill named after him, Congressman Barney Frank decided to retire from Congress at the age of 72. He planned on getting married, writing, and speaking but was not interested in lobbying as he did not feel comfortable going back to his former colleagues as a supplicant.
ChapterThe Surprising Story Of Barney Frank, The Former Congressman Who Joined A Bank Board
EpisodeBarney Frank on His Role in the Banking Crisis
PodcastThe Daily
The discussion revolves around the Dodd-Frank Wall Street Reform and Consumer Protection Act, its importance, and the criticism that it faced from industry experts and Republicans.
08:56 - 12:01 (03:04)
Summary
The discussion revolves around the Dodd-Frank Wall Street Reform and Consumer Protection Act, its importance, and the criticism that it faced from industry experts and Republicans. The chairman reminds the audience of the consequences of the 2008 financial crisis and the significance of the regulatory framework put in place to avoid a similar disaster.
ChapterThe Surprising Story Of Barney Frank, The Former Congressman Who Joined A Bank Board
EpisodeBarney Frank on His Role in the Banking Crisis
PodcastThe Daily
Signature Bank invited Congressman Barney Frank to join its board of directors at a time when the bank was rapidly approaching having $50 billion in assets and facing new financial requirements.
12:01 - 16:11 (04:10)
Summary
Signature Bank invited Congressman Barney Frank to join its board of directors at a time when the bank was rapidly approaching having $50 billion in assets and facing new financial requirements. This situation reflects a phenomenon of former lawmakers being hired by companies to navigate issues they have championed or fought against during their careers in Congress.