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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.
Last week, that bank failed. David Enrich called Mr. Frank and asked him to explain.
On today’s episode
Officials with Signature and Silicon Valley banks, which regulators seized in recent days, had called for looser financial requirements for midsize banks.
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David Enrich contributed reporting.
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