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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 (https://www.nytimes.com/by/david-enri...) , 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 (https://www.nytimes.com/2023/03/13/bu...) for midsize banks. • Here’s why people are worried about banks (https://www.nytimes.com/interactive/2...) . For more information on today’s episode, visit nytimes.com/thedaily (http://nytimes.com/thedaily?smid=pc-t...) . Transcripts of each episode will be made available by the next workday. Subscribe today at nytimes.com/podcasts (http://nytimes.com/podcasts) or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-acce.... For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.