U.S. Rep. Frank on Financial Regulation, Economy

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Aug. 2 (Bloomberg) -- U.S. Representative Barney Frank, a Massachusetts Democrat, talks about the outlook for regulation in light of recent financial market scandals. Frank, speaking with Stephanie Ruhle and Erik Schatzker on Bloomberg Television's "Market Makers," also discusses the Federal Housing Finance Agency’s decision not to allow principal forgiveness on mortgages backed by Fannie Mae and Freddie Mac. (Source: Bloomberg)