Barney Frank on His Role in the Banking Crisis

<p>Barney Frank was one of the people most responsible for overhauling financial regulation after the 2008 economic crisis. After retiring from Congress, he supported a change to his own law that would benefit midsize banks, and joined the board of such a bank. </p><p>Last week, that bank failed. David Enrich called Mr. Frank and asked him to explain.</p><p>Guest: <a href="https://www.nytimes.com/by/david-enrich?smid=pc-thedaily">David Enrich</a>, the business investigations editor at The New York Times.</p><p>Background reading: </p><ul><li>Officials with Signature and Silicon Valley banks, which regulators seized in recent days, <a href="https://www.nytimes.com/2023/03/13/business/signature-silicon-valley-bank-dodd-frank-regulation.html?smid=pc-thedaily">had called for looser financial requirements</a> for midsize banks.</li><li>Here’s <a href="https://www.nytimes.com/interactive/2023/03/18/business/why-people-are-worried-about-banks.html?smid=pc-thedaily">why people are worried about banks</a>.</li></ul><p>For more information on today’s episode, visit <a href="http://nytimes.com/thedaily?smid=pc-thedaily">nytimes.com/thedaily</a>. Transcripts of each episode will be made available by the next workday.</p>