Barney Frank with my sister, Ann
Barney Frank spoke at USC yesterday afternoon. He is the co-author of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Of this reform legislation, Frank said "The belief behind this was because it was greatly successful, but for the life of counter-factual analysts it was difficult to say as to why it was so successful. In reality, nobody has ever figured out the means that gave it such success, nor were they able to determine what would have happened in the bill's absence. Unfortunately, politicians don't get credit for crisis aversion. Believe me, I tried."