Frank calls for more regulation in financial markets

By Michael Ruhl, University of New Mexico - Talk Radio News Service

Today in a hearing House Financial Services Committee Chairman Barney Frank (D-Mass.) said that the federal government must help to bring about regulations in financial institutions which presently are operating unrestrained in the free market. Frank emphasized that these moves are not about "diminishing the role of the private sector as a wealth creator," but is about placing safeguards on newly developed market entities. (01:44)
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If you don't want it to be political...

Chairman of the House Financial Services Committee, Barney Frank (D-Mass.) says that elected officials shouldn't be asked to do work that is apolitical. (0:45)
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