WillowTree
Diamond Member
- Sep 15, 2008
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House Financial Services Chairman Barney Frank (D-Mass.) is pressing state and federal authorities to seek criminal and civil penalties on financial actors that helped cause the current crisis.
"Rules don't work if people have no fear of them," Frank said at a press conference Thursday.
He announced a hearing March 20 with Attorney General Eric Holder, bank regulators and the Securities and Exchange Commission as witnesses to discover what their plans are to prosecute irresponsible and in some cases criminal behaviors.
He isn't looking for names, Frank said, but "I do want all the people with enforcement power, state and federal, in that room."
Frank pushes for punishment for crisis - Victoria McGrane - POLITICO.com
"Rules don't work if people have no fear of them," Frank said at a press conference Thursday.
He announced a hearing March 20 with Attorney General Eric Holder, bank regulators and the Securities and Exchange Commission as witnesses to discover what their plans are to prosecute irresponsible and in some cases criminal behaviors.
He isn't looking for names, Frank said, but "I do want all the people with enforcement power, state and federal, in that room."
Frank pushes for punishment for crisis - Victoria McGrane - POLITICO.com