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.Guest: David Enrich, the business investigations editor at The New York Times.Background reading:
- Officials with Signature and Silicon Valley banks, which regulators seized in recent days, had called for looser financial requirements for midsize banks.
- Here’s why people are worried about banks.
For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.