Rep. Barney Frank (D-Mass.), ranking member of the House Financial Services Committee, talks to “Viewpoint” host Eliot Spitzer about Treasury Secretary Timothy Geithner’s testimony on Capitol Hill today regarding the Libor scandal.
“I did not expect … the kind of blatant lying in their own self-interest and complete misrepresentation,” Frank says of the banks that may have been involved in rigging Libor, the London Interbank Offered Rate — a benchmark rate used around the world. “And incredibly, my Republican colleagues are still pushing for more self-regulation,” Frank notes.
