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His name is on "the biggest financial regulation in a generation". Then he works for a bank and advocates for weakening that law. His advocacy carries more weig
by hughw 4y ago
His name is on "the biggest financial regulation in a generation". Then he works for a bank and advocates for weakening that law. His advocacy carries more weight than most people since he wrote the original law. The bank paid him to do that. You don't need a degree in finance to see that that's corrupt.
Barney's great at bickering and obscuring the point.
- fwlr 4y agoFrom the article we are discussing: “You passed the biggest financial regulation in a generation. Then you went to work on the board of directors of a bank, and then after that you supported weakening certain requirements.” “No, no. Wrong. Wrong on sequence. I supported [weakening certain requirements] before I even heard of the bank. I decided that there was one area where we had been mistaken and began advocating, correcting this. … The events are that I made an independent decision, without regard to being on a bank board, that I had made a mistake. When I went on a bank board, I should stop believing the conclusion I had come to?” Also from the article and already reproduced in a sibling comment is the first statement Barney made in the interview, to the effect that he is on public record pushing for these weakenings in 2012, long before he joined (or was even aware of the existence of) Signature Bank.