Frank Says Banks Need Time to Divest Under Obama Plan: Video

Jan. 21 (Bloomberg) -- U.S. Representative Barney Frank, a Massachusetts Democrat and chairman of...  More »

Jan. 21 (Bloomberg) -- U.S. Representative Barney Frank, a Massachusetts Democrat and chairman of the House Financial Services Committee, talks with Bloomberg's Peter Cook about President Barack Obama's proposals to limit the size and trading activities of U.S. financial institutions as a way to reduce risk taking and prevent another financial crisis. The proposals will be part of an overhaul of regulations and would specifically prohibit banks from running proprietary trading operations or investing in hedge funds and private equity funds. (Source: Bloomberg)  « Less