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Fidelity Investments holds big fundraiser for Barney Frank
massresistance.org ^ | 5/6/2009 | n/a

Posted on 05/06/2009 12:25:15 PM PDT by massmike

US Rep. Barney Frank (D-Mass.) is probably among the most despised members of Congress these days. As Chairman of the House Banking Committee, most people have seen his arrogant, condescending manner in various television interviews over the past several months. Well, it turns out that not everyone is upset with ol' Barney. Boston-based Fidelity Investments wants to make sure that Frank wins his next election. So a few weeks ago they "reached out" to him and threw a fund-raiser for Frank at their downtown Boston offices, netting $28,000 for Frank's campaign fund, which was reported in the Boston Herald last week.

(Excerpt) Read more at massresistance.org ...


TOPICS: Front Page News; News/Current Events; Politics/Elections; US: Massachusetts
KEYWORDS: 111th; appearancimpropriety; barneyfrank; campaign; campaignfinance; corruption; cultureofcorruption; democrats; democratscandals; economy; elections; fidelity; fidelityinvestments; lootingamerica; mapolitics; willfulneglect
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1 posted on 05/06/2009 12:25:15 PM PDT by massmike
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To: massmike

Thanks for the heads up.

My days of doing business with Fidelity Investments just ended


2 posted on 05/06/2009 12:27:47 PM PDT by silverleaf ("Never forget that everything Hitler did in Germany was legal ( Martin Luther King))
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To: massmike

What the heck does Barney Frank need a campaign fund. He easily wins every election. There must be more information that we aren’t privy too.


3 posted on 05/06/2009 12:28:12 PM PDT by napscoordinator
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To: massmike

Don’t get me started about the ongoing “political ignorance” and the ongoing “political stupidity” of the majority of Massachusetts voters!


4 posted on 05/06/2009 12:28:57 PM PDT by johnthebaptistmoore (Conservatives obey the rules. Leftists cheat. Who probably has the political advantage?)
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To: silverleaf

My days of doing business with Fidelity Investments just ended

Do you really have investments with Fidelity?


5 posted on 05/06/2009 12:29:07 PM PDT by napscoordinator
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To: massmike

Fidelity “reached out” to him or gave him a reacharound?


6 posted on 05/06/2009 12:29:28 PM PDT by WOBBLY BOB (ACORN:American Corruption for Obama Right Now)
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To: massmike

Oh great. Now I gotta move my IRA. Drat.


7 posted on 05/06/2009 12:31:42 PM PDT by RightOnTheLeftCoast (1st call: Abbas. 1st interview: Al Arabiya. 1st energy decision: halt drilling in UT. Arabs 1st!)
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To: massmike

The depth of stupidity exhibited by Bay State voters has no bottom.

Accordingly, it is time for me to, once again, recite the updated slogan of Massachusetts:

“No tax is too big; no outrage is too small; and no sacrifice is necessary.”

Amen.


8 posted on 05/06/2009 12:32:00 PM PDT by RexBeach ("Do your duty in all things." Robert E. Lee)
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To: massmike

Prostitutes - all of them!


9 posted on 05/06/2009 12:32:10 PM PDT by cblue55
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To: massmike

He is a pervert with influence.


10 posted on 05/06/2009 12:33:31 PM PDT by AEMILIUS PAULUS (It is a shame that when these people give a riot)
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To: massmike

Puke ... I have a lot of retirement funds invested with Fidelity.


11 posted on 05/06/2009 12:34:12 PM PDT by ArrogantBustard (Western Civilization is Aborting, Buggering, and Contracepting itself out of existence.)
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To: cblue55

Re: “Prostitutes - all of them!”

****************

What really bad stuff do you know about Vanguard? I have my teeny weeny IRA — what’s left of it, with them.


12 posted on 05/06/2009 12:38:41 PM PDT by CaliforniaCon
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To: napscoordinator
"Do you really have investments with Fidelity?"

I do-- a self-managed IRA, pretty fair amount altogether. It's the result of rolling over a 401(k) years ago. I do a lot of trading in it and have grown it nicely. Of course, buying a hunk of Apple in 1997 helped... ;-)

Any suggestions from my fellow Freepers on where to move my IRA to? I've been happy with Fidelity. Good website research tools, reasonable commissions, responsive support, and they offer trailing-stop-loss orders (not all brokers do) which are invaluable in markets like this one lately. Any suggestions, on this thread or by private message, would be very welcome, as this news makes me want to hurl. Damned if I want my commissions and fees subsidizing this marxist, the one person most responsible for the financial meltdown and a detestable, corrupt piece of work in all respects.
13 posted on 05/06/2009 12:39:11 PM PDT by RightOnTheLeftCoast (1st call: Abbas. 1st interview: Al Arabiya. 1st energy decision: halt drilling in UT. Arabs 1st!)
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To: RightOnTheLeftCoast

You must see the bearded lady that Barney hired for his DC office.


14 posted on 05/06/2009 12:43:17 PM PDT by massgopguy (I owe everything to George Bailey)
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To: napscoordinator

I have a slim MM fund and was going to beef it up and start investing again - this month in fact

Thankfully, I have other easy options


15 posted on 05/06/2009 12:43:20 PM PDT by silverleaf ("Never forget that everything Hitler did in Germany was legal ( Martin Luther King))
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To: RightOnTheLeftCoast

I use Janus Fund and Janus Worldwide, American New Perspective Fund, T Rowe Price Science and Technology and T Rowe Price Blue Chip Mutuals. However, I can’t say that they are better than Fidelity. I wish you the best of luck in your decision. Just keep in mind that every mutual fund probably does this for all the Democrats and Republicans. It is just that Fidelity just got a story out of it this time. Good Luck FRiend!!!


16 posted on 05/06/2009 12:43:49 PM PDT by napscoordinator
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To: silverleaf
My business with Fidelity just ended too. I have a substantial 401K with Fidelity and I am going to roll it to another investment with another company. I will tell them why when I move the funds. Thanks for this heads up. We don't hear about things like this in Florida.
17 posted on 05/06/2009 12:44:07 PM PDT by mosaicwolf (Strength and Honor)
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To: massmike
looks like I am going to be moving my company 401K plan to another company.
18 posted on 05/06/2009 12:44:24 PM PDT by martinidon
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To: RightOnTheLeftCoast

I’ll be looking at other family funds, Vanguard, JANUS, and T. Rowe Price, or building my own folio.

I can do open a trading account through my bank (Bank of America...:0) or through my Credit Union, each cheaper than Ameritrade etc


19 posted on 05/06/2009 12:45:50 PM PDT by silverleaf ("Never forget that everything Hitler did in Germany was legal ( Martin Luther King))
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To: massmike
It's not personal - it's business. Barney runs the protection racket and the bosses are just paying "tribute". Capice?
20 posted on 05/06/2009 12:46:25 PM PDT by andy58-in-nh (You have enemies? Good. That means you've stood up for something, sometime in your life.)
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To: massgopguy
Photobucket
21 posted on 05/06/2009 12:47:51 PM PDT by massmike
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To: massmike

He holds their future in his creepy hands - what else do you expect them to do?


22 posted on 05/06/2009 12:48:25 PM PDT by NonValueAdded (May God save America from its government; this is no time for Obamateurs. Emmanuel = Haldeman?)
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To: massmike
"Boston-based Fidelity Investments wants to make sure that Frank wins his next election."

Well since we are talking about Barney "My Boy Lollipop" Frank, kind of makes me wonder what the sexual proclivities of those at Fidelity Investments are, from the TOP down.

It used to be common knowledge, birds of the feather, flock together.
Just saying.

23 posted on 05/06/2009 12:51:00 PM PDT by Landru (Arghh, Liberals are trapped in my colon like spackle or paste.)
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To: massmike

Note to self - don’t use Fidelity.


24 posted on 05/06/2009 12:51:54 PM PDT by bgill (The evidence simply does not support the official position of the Obama administration)
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To: silverleaf

This really p*sses me off. My 401k is with Fidelity and I am seriously thinking about moving my money. I have been a customer of theirs for 4 years now.


25 posted on 05/06/2009 12:56:14 PM PDT by cups
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To: RightOnTheLeftCoast
Any suggestions from my fellow Freepers on where to move my IRA to?

My problem is even worse. My company's 401K is with Fidelity. If I stop contributing to it, I forego my company match. It may be something I'd look at doing when I retire (now 4 years away instead of two, thanks to the Soros run on the money market last year).

There's also the problem that as we don't know what the other brokerage firms do in the way of political support, we may be moving from one Democrat shill to another without knowing it.

Like you, I'd like to know if there's any firm out there that is unabashedly conservative in it's political leanings.

26 posted on 05/06/2009 1:01:01 PM PDT by Retired COB (Still mad about Campaign Finance Reform)
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To: cups

Yeah. it is sad. Ive been with Fidelity for decades.
But frank-boy is one of the MOST detestable human beings on earth. I have principles.


27 posted on 05/06/2009 1:01:08 PM PDT by silverleaf ("Never forget that everything Hitler did in Germany was legal ( Martin Luther King))
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To: silverleaf

I pulled all my investments from Fidelity several years ago when they turned their back on the Boy Scouts. I wrote to them and gave them a chance to change their policy. They refused, and wrote me back a letter to that effect. So I told them to stick it and I moved elsewhere!


28 posted on 05/06/2009 1:02:05 PM PDT by Laserman
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To: massmike

Time to cancel my account. Can anyone recommend another firm to use?


29 posted on 05/06/2009 1:02:22 PM PDT by Antoninus (Now accepting apologies from repentant Mittens.)
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To: cups

I have been a customer of theirs for 4 years now.


I suspect Barney has been a customer longer............


30 posted on 05/06/2009 1:03:28 PM PDT by PeterPrinciple ( Seeking the truth here folks.)
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To: massmike

I have a rollover IRA with them, but this is most unfortunate.


31 posted on 05/06/2009 1:03:29 PM PDT by Unam Sanctam
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To: Antoninus

www.usretirementrevolution.com


32 posted on 05/06/2009 1:03:37 PM PDT by nufsed (Release the birth certificate, school and passport records.)
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To: Laserman

Oooh, I didn’t know about the Boy Scouts- strike 2.
I need to pay attention to these things.

I’ll probably just do a trading account through my credit union.


33 posted on 05/06/2009 1:04:21 PM PDT by silverleaf ("Never forget that everything Hitler did in Germany was legal ( Martin Luther King))
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To: silverleaf

BArney Frank is the single Congress person most responsible for the mortage crisis and the demise of your 401k or IRA. IMy sign at the recent tea party in Mobile AL had just such a statement with Barney’s picture plastered across it! I got many comments in agreement, and everyone agreed he was a disgusting person!


34 posted on 05/06/2009 1:06:25 PM PDT by Laserman
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To: massmike

Let’s see, why should I continue to have my 401k inside Fidelity Investments when there are so many attractive alternatives out there?

Vanguard, here I come.

I think the lessons learned is to not trust a Northeast Company to actually stand up to immorality, whatever the form.


35 posted on 05/06/2009 1:14:49 PM PDT by bestintxas (It's great in Texas)
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To: Laserman

Oooh, I didn’t know about the Boy Scouts- strike 2.
I need to pay attention to these things.

I’ll probably just do a trading account through my credit union.


36 posted on 05/06/2009 1:16:13 PM PDT by silverleaf ("Never forget that everything Hitler did in Germany was legal ( Martin Luther King))
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To: Antoninus

I switched from Fidelity to Vanguard.
For all the good it did.


37 posted on 05/06/2009 1:16:51 PM PDT by tumblindice
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To: silverleaf

I pulled everything I had invested with Fidelity out about a month ago.


38 posted on 05/06/2009 1:17:15 PM PDT by azsportsterman
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To: silverleaf

While I understand that busineses such as these have dealings with lawmakers and what not...But this guy is where I draw the line. How he is able to walk around a free man is one of the greatest injustices in this country.


39 posted on 05/06/2009 1:19:08 PM PDT by cups
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To: napscoordinator

“Just keep in mind that every mutual fund probably does this for all the Democrats and Republicans.”

I think instead it is the mentality of those from the NE who diss other folks across the country ( i.e. - those with true morals and values).

Case in point? Try Enron, unfortunately based in Texas, while most of its “darling” competitor companies are NY based.

Enron was run out of business and officers jailed for crimes that a lot of NY companies are now being given my tax money for the same immoral wrongdoing.


40 posted on 05/06/2009 1:19:17 PM PDT by bestintxas (It's great in Texas)
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To: Retired COB

best thing to do is to bombard the company HR group that you think it’s a lousy company with lousy investments.

There must be consequences of the bad actions these companies take.


41 posted on 05/06/2009 1:21:13 PM PDT by bestintxas (It's great in Texas)
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To: Laserman

I didn’t know about the boy scouts either. what did they do to them?


42 posted on 05/06/2009 1:22:26 PM PDT by bestintxas (It's great in Texas)
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To: silverleaf

That was my first thought too! I should be getting paperwork to roll over what’s left of a 401K. New owner of where I work uses Fidelity. I have very little there. I’ll be looking for another home for these funds.


43 posted on 05/06/2009 1:28:39 PM PDT by RebelTXRose (RESTORE THE REPUBLIC!!)
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To: massmike

Does everyone in Fidelity still get year-long passes
to the Barney Congressional Brothel as well as the
NY Emperor’s club?


44 posted on 05/06/2009 1:44:41 PM PDT by Diogenesis (Igitur qui desiderat pacem, praeparet bellum)
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To: massmike

Waiting for an ethics charge or at least censure....


45 posted on 05/06/2009 1:45:15 PM PDT by a fool in paradise (If Liberals are so upset over torture, why did they mock John McCains stiff arms during the campaign)
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To: NonValueAdded

what else do you expect them to do?

The $28K could have hired a couple of “green Mile” type bros to mishandle ol barney til assuming room temp, would be a good start.


46 posted on 05/06/2009 1:54:52 PM PDT by dusttoyou (Remember the Alamo - CHENEY-PALIN 2012)
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To: silverleaf
I just sent the following email to them as a concerned customer:

I am very disappointed to learn that Fidelity has taken the initiative to support congressmen that is clearly a major part of the financial problem we are having. I am so upset that I am considering severing all my accounts with Fidelity. I moved a considerable amount of our assets to your company and bought a large number of your funds. Raising money for the Barney Frank reelection campaign is not in the best interest of the Fidelity Investment Co. I would like to believe that this was an error in your usual good sound research and evaluation. I have been very satisfied with your services to date but this has shaken my confidence in your thinking. Please do not send me a form response telling me how Barney Frank is an asset to our well being. I do however, expect a reasonable reply.

47 posted on 05/06/2009 2:01:54 PM PDT by gakrak ("A wise man's heart is his right hand, But a fool's heart is at his left" Eccl 10:2)
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To: cblue55

Male or Female? Amen.


48 posted on 05/06/2009 2:03:07 PM PDT by gakrak ("A wise man's heart is his right hand, But a fool's heart is at his left" Eccl 10:2)
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To: massmike

Guess we’ll be closing our accounts there, too.


49 posted on 05/06/2009 2:14:00 PM PDT by Andy'smom
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To: massmike

Gaaaawwwwk!!!!!


50 posted on 05/06/2009 2:28:00 PM PDT by happygrl (Hope and Change or Rope and Chains?)
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