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Barney Franks hypocrisy
Posted on Saturday, January 24, 2009 4:23:08 PM by GQuagmire
Ah, the dirty little secret is out. That $700 billion TARP (Troubled Asset Relief Program) bill was in part simply a variation on congressional pork - except this time the recipients were banks with friends in high places.
One of those powerful friends was Rep. Barney Frank (D-Newton), chairman of the House Financial Services Committee. And one of the recipients of a $12 million infusion of federal cash was the troubled OneUnited Bank in Boston - a bank that had already been accused of unsafe and unsound banking practices. Its CEO, Kevin Cohee had also been criticized by regulators for excessive pay that included a Porsche...(snip)
http://www.freerepublic.com/focus/f-news/2171062/posts
GQuagmire, ck my post #9. Right on mark, huh.