Congress “Can’t Write Laws” to Stop Errors Like Knight Capital – Barney Frank

Rep. Barney Frank, D-Mass., spoke to Bloomberg TV’s Stephanie Ruhle and Eric Schatzker this morning, saying that Congress “can’t write laws” to prevent technical errors like what happened with Knight Capital (KCG) yesterday. Frank also said that while he hasn’t yet followed the news of Knight Capital, he believes Dodd-Frank would have prevented JP Morgan’s [...]