Damian Paletta

And so when you need a big, powerful Democratic voice on the most important issue at that time, unfairness, banks ripping off consumers, people losing their homes, they had Barney Frank.

And so there's Barney, and he's got the megaphone, which is exactly what he wants.

And so the Democratic Party has someone to line up behind, and they have liberal ideas for them, progressive ideas about homeownership, about housing, about the government playing a bigger role, which was big for the Democrats at the time.

And Barney Frank was there to lay it all out.

And I'll never forget one night.

So Dodd-Frank did not just pass like cleanly through Congress.

It was there was all these twists and turns and crazy amendments and kind of weird Democratic amendments for their parochial banks and stuff like that.

And so to get the thing through, they had one night where they went around the clock.

Right.

And so we were all the reporters were there, too, was in this room.

And they just went all the way through the night to reconcile the House and Senate bills.

And it was one of those nights where as the night went on, people are just fading.

I mean, it was like it was such a bizarre scene because like lawmakers are walking around like zombies.

They can't leave.

But there's it's like three in the morning and Barney's there through the whole thing.

He's there through the whole thing.

He knew this was like his glory because he knew that this bill was being designed and it was going to be, you know, something that was going to stand the test of time.

And so there we are.

And finally, I think it was like five or six in the morning and they finally finished the bill up.

And one of the final things that was done was the decision to name it Dodd-Frank before it had been called some other, you know, financial rescue act or something.