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- Is Merkel Too Comfortable With Greek Default?
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Pisani: Barney Frank Comments a Game-Changer
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CNBC Reporter
Rep. Barney Frank, chairman of the House Financial Services Committee, said on our air that he would support bank rule changes—but only over a longer time frame, which he said would be in the range of "three to five years."
This is a major statement and completely changes the tenor of the reform conversation.
The S&P 500, which had been sitting near the lows of the day, rose about 5 points on that news...though still down 15 points on the day.
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CNBC's Companies in the News:
Goldman Sachs [GS
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Oracle [ORCL
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Berkshire Hathaway (B) [BRK.B
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Berkshire Hathaway (A) [BRK.A
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- Why Is Market So 'Tired' With Good News?
- What Exactly Have Greeks Agreed To?
- A Greek Deal, but What Is the Deal?
- No Greek Debt Deal? No Problem! (Maybe)
- Irish Finance Minister Causes Draghi's Worst Nightmare
- Caesars' Wild Open
- Forget the Incredible Shrinking Greek Politicians—It’s Draghi Time!
- Trading Day Has Lots of Moving Parts
- Overcoming Distrust Between the Germans and the Greeks
- Is Merkel Too Comfortable With Greek Default?
Data is a real-time snapshot *Data is delayed at least 15 minutes
