On Wednesday evening, Rep. Barney Frank (D-Mass.) took aim at critics of a bill aimed at reforming the nation’s financial regulations.
Frank, chairman of the House Financial Services Committee, lambasted critics in his colorful, trademark style.
To those complaining about the size of the 1,279-page bill, Frank had this to say:
“Now, one of the odd things is…’The bill’s too big.’ I don’t know whether that means it was too much to read, or too heavy to carry, or some really short ones can’t see over it when they’re sitting down. I don’t know what the problem was. This notion that the value of a piece of legislation is inversely related to its size is rather odd.”
Frank addressed accusations that the bill would perpetuate bailouts for firms deemed ‘too big to fail,’ by invoking death panels:
“If a company fails, it will be put to death. Yeah, we have death panels. But they have the death panels in the wrong bill. The death panels are in this bill, and we will spend the money to get rid of [failed companies] in ways that will minimize damage.”