Barney Frank

The New York Times finance reporter Louise Story spent the weekend combing through Congressman Barney Frank’s (D-Mass.) 291-page plan for a new Consumer Protection Agency, and joins us to give us a Monday-morning book report.

Lawmakers are talking a good game about the need to regulate banks and enforce limits on salaries. For an insider’s view of the process of reforming banking, we speak to Rep. Barney Frank (D-Mass.), head of the House Financial Services Committee.

This morning the finance committee of the U.S. House of Representatives kicks off a series of hearings on regulatory reform. New York Times finance reporter Louise Story joins us with a look at the latest.

‘We are very unhappy and have made it clear that the money that was used to buy stock in banks has not been used by all the banks the way it should have been.’
— Rep. Barney Frank (D-Mass.), Chair of the House Financial Services Committee

For an update on how the $700 billion bailout package is playing out on the Hill, The Takeaway turns to Chairman of the House Financial Services Committee, U.S Representative Barney Frank, who answered your questions.