Frank: 'If They Want To Kill Consumer Protection, Let There Be 41 Jim Bunnings Over There'

[laughingliberal]

Rep. Barney Frank reacted angrily on Wednesday to a proposed bipartisan compromise on the Consumer Financial Protection Agency in the Senate.

"That's not coming over here," Frank told HuffPost, insisting that the House wouldn't agree to putting consumer protection authority inside the Federal Reserve, as Banking Committee Chairman Chris Dodd (D-Conn.) is proposing.

"I thought that was a joke," he said. "Even by Senate standards, that's mind-boggling."

Frank sought out reporters in the Capitol on Tuesday night to express his extreme displeasure.

"It's like making me the chief judge of the Miss America contest," Frank said. "It's already been in the Federal Reserve!"

http://www.huffingtonpost.com/2010/03/03/frank-if-they-want-to-kil_n_484040.html

[gratuitous]

1. Thank you, Rep. Frank

This proposal is a joke, and a very bad one.

[Grand Taurean]

2. K/R

Let the Fascists be the ones to stop reform!

[laughingliberal]

3. Was very happy to read Frank's remarks on this

I see no up side to leaving this in the hands of the Federal Reserve Bank who made a conscious decision not to enforce any consumer protections. I hope the House wins on this one.