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Keyword: bawneyfwank

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  • Dodd-Frank: Making it Harder For You to Get a Mortgage

    11/18/2013 6:44:23 AM PST · by Kaslin · 16 replies
    Townhall.com ^ | November 18, 2013 | Rachel Alexander
    The Dodd–Frank Wall Street Reform and Consumer Protection Act, sarcastically known as Dodd-Frankery and Dodd-Frankenstein, was passed into law in response to the financial crisis and recession of 2008. It contains the most drastic changes to financial regulations since the regulatory reform after the Great Depression. Proposed by Obama in 2009 and signed into law in 2010, the Democratic bill was the handiwork of former Financial Services Committee Chairman Barney Frank (D-Mass.) in the House and former Banking Committee Chairman Chris Dodd (D-Conn.) in the Senate. It was supposedly going to stop banks from making loans to risky buyers who...
  • First Openly Gay Congressman Barney Frank Describes Himself as 'Pot Smoking Atheist'

    08/06/2013 9:11:20 PM PDT · by massmike · 45 replies
    christianpost.com ^ | 08/06/2013 | Katherine Weber
    Former Massachusetts Congressman Barney Frank, the nation's first openly gay member of Congress and liberal darling, implied in a recent interview that he is also a "pot-smoking atheist." Frank, a Democrat who served as a member of the U.S. House of Representatives from Massachusetts from 1981 to 2013, made his comments last Friday while serving as a guest on a talk show hosted by Bill Maher, a stand-up comedian known for his atheist, liberal-slanted comedy routine. Maher then went on to say that Frank was lucky to have worked in a "safe district" which didn't receive the kind of media...
  • Barney Frank: Newt Gingrich hypocritical for blaming Newtown on absence of religion in public life

    12/23/2012 5:52:46 PM PST · by Olog-hai · 32 replies
    Boston Globe ^ | 12/20/2012 7:18 PM | Tracy Jan
    Congressman Barney Frank blasted former House Speaker Newt Gingrich for hypocrisy on Wednesday, criticizing the marital track record of his political nemesis after Gringrich connected the Sandy Hook school massacre to the absence of religion in public life. “God appears to have been driven out of Mr. Gingrich’s private life if you look at his marital history,” Frank said on MSNBC. “He’s very selective about where he thinks fundamental religious tenets ought to be followed.” …
  • Barney Frank: 'Unfortunately, Under American System, You Have Checks And Balances'

    07/26/2012 6:40:00 PM PDT · by governsleastgovernsbest · 12 replies
    NewsBusters ^ | Mark Finkelstein
    Liberal fascism, anyone? Add Barney Frank to the list of Thomas Friedman and Ray LaHood who regret that in the United States, that darn Constitution gets in the way of the enlightened class imposing its will on the rest of us benighted peons. Sparring with Mario Bartiromo on CNBC this afternoon, Dem congressman Frank, expressing frustration at his inability to get through legislation he favors, lamented: "unfortunately, under this American system of government, you have these checks and balances." Yeah, so unfortunate. If only Barney could be king for a day. View the video here.
  • Rep. Barney Frank plans to marry longtime partner before retiring from office

    04/16/2012 9:51:24 AM PDT · by Free ThinkerNY · 42 replies
    The Hill ^ | April 16, 2012 | Alicia M. Cohn
    Rep. Barney Frank (D-Mass.) plans to marry his longtime partner in July, which will make him the first member of Congress in a same-sex marriage. “I think it’s important that my colleagues interact with a married gay man,” Frank said in an interview with New York magazine published online Sunday. Frank, who plans to retire from Congress this year after 16 terms, became the first openly gay member of Congress in 1987. Frank announced in January his plan to marry longtime partner Jim Ready. The marriage will take place in Massachusetts, one of the six states that have legalized gay...
  • It Gets Better (by Barney Frank)

    02/29/2012 1:32:46 PM PST · by GrandJediMasterYoda · 4 replies
    youtube.com ^ | Sept 7th 2011 | Barney Frank
    I had no idea Mr. Magoo was a real person. http://www.youtube.com/watch?v=SOr2C0eV7_A&feature=related
  • SHOCK VIDEO Barney Frank: Illegal Immigrants’ Fraud Helps Social Security

    10/16/2011 7:12:17 PM PDT · by massmike · 22 replies
    http://fleming-hayes.com ^ | Fleming and Hayes
    This past Saturday afternoon, I had the “pleasure” of attending one of the rarest of political events: A Barney Frank Town Hall meeting in New Bedford, Massachusetts. This was his first town hall meeting since the debacle where he compared his 2010 Democrat challenger, Rachel Brown, to a dining room table. While the focus of this town hall meeting was to educate his constituents on his desire to slash military funding in order to expand social programs, the best sound bite I caught came from a woman who asked Congressman Frank about the costs of illegal immigrants on society. I...
  • Barney Frank: Death Tax Not Punishment; Heirs Didn’t Do Anything to Deserve Inheritance

    12/19/2010 6:11:19 PM PST · by ChicagoConservative27 · 127 replies · 1+ views
    Mr. Frank's attitude seems to be that Americans need to justify why they should keep the money they inherit instead of the government needing to justify why they should be allowed to confiscate it. Video at link.
  • Barney Frank lays into successor (Headline of the year alert!)

    12/16/2010 7:52:41 AM PST · by massmike · 14 replies · 1+ views
    bostonherald.com ^ | 12/16/2010 | Jay Fitzgerald
    Rep. Barney Frank is already brawling with the man who will succeed him as chairman of the powerful U.S. House Financial Services Committee. Frank, the Newton Democrat who next month will lose his committee chairmanship due to Republican gains in the November elections, went on the offensive against Rep. Spencer Bachus, an Alabama Republican who’s already made clear his displeasure with the recently passed financial-industry overhaul bill, known as Dodd-Frank. Frank, who played a major role crafting the bill, jumped on a comment that Bachus made to Alabama’s Birmingham News, which reported Bachus as saying “Washington and the regulators are...
  • Bachmann: ACORN could regulate the financial sector

    12/09/2009 2:53:13 PM PST · by American Dream 246 · 50 replies · 3,014+ views
    The Hill ^ | 12/09/09 | Jordan Fabian
    The embattled community group ACORN could help regulate the financial services industry under new financial regulatory reforms, said Rep. Michele Bachmann (R-Minn.) on Wednesday. Bachmann, a consistent opponent of ACORN (Association of Community Organizations for Reform Now), said that an amendment given in the House Financial Services Committee could allow the group to sit on an advisory panel that monitors the regulations. “ACORN may have a seat at the table being on the oversight committee regulating the financial services industry of the United States,” Bachmann said at a press conference. “And that would be a cruel joke." Bachmann’s remarks come...
  • Finance Talks Hit Thorny Issues (Govt takeover of failed firms)

    10/27/2009 9:21:22 AM PDT · by markomalley · 5 replies · 272+ views
    WSJ ^ | 10/27/2009 | Damian Paletta
    House lawmakers this week are set to tackle some of the thorniest issues in the effort to overhaul financial rules, including how to take over large companies whose failure could threaten the economy and what role the Federal Reserve should have in policing markets' health. House Financial Services Committee Chairman Barney Frank (D., Mass.) could release early this week draft legislation -- comprising several complementary bills -- with potentially broad implications over financial regulations, congressional aides said. The legislation could direct the government to wipe out shareholders of any institution taken over by the government, and give it the option...
  • Consumer protection agency moves ahead (mortgage and credit card oversight)

    10/22/2009 10:36:42 AM PDT · by markomalley · 5 replies · 311+ views
    CNN ^ | 10/22/2009 | Jennifer Liberto
    A key House committee on Thursday approved the most high-profile part of the White House plan to prevent future financial collapse: The creation of a new agency to regulate consumer financial products. The House Financial Services committee voted along party lines 39-29 to empower a Consumer Financial Protection Agency to watch out for consumers. The vote marks one of the most significant steps yet in congressional efforts to reform regulation in response to the financial crisis. After more than a week of debate and changes, lawmakers and consumer advocates claimed victory. Most of the financial industry lobbied to kill it,...
  • Frank gets moderates to relent (financial control)

    10/20/2009 3:04:36 AM PDT · by markomalley · 2 replies · 257+ views
    Politico ^ | 10/20/2009 | Victoria McGraine
    Moderate Democrats — always courted and often feared in big roll call votes in the House — have backed down from a key fight over financial reform. House Financial Services Committee Chairman Barney Frank (D-Mass.) has persuaded a bloc of moderates to withdraw an amendment that would have watered down a consumer protection agency bill and shield banks from tougher state laws. Rep. Melissa Bean (D-Ill.) agreed to pull her amendment with a promise that Frank would continue to work with her to change the bill, though when that change would be made remains uncertain. This amendment, which would have...
  • House pushes for sweeping audit of the Fed

    09/25/2009 10:45:34 AM PDT · by Palin Republic · 202 replies · 4,578+ views
    AP ^ | 9/25/09 | ANNE FLAHERTY
    House lawmakers want to pry open the books of the famously secretive Federal Reserve with legislation that would subject the central bank to a sweeping congressional audit. The effort is overwhelmingly bipartisan. Hardline conservatives and liberal Democrats have banded together in their criticism of the Fed as a major power broker in the financial system that doesn't answer to Congress. Friday's debate comes as lawmakers consider a proposal by President Barack Obama that would give the Fed new powers to prevent another economic crisis. "Nobody in my district thinks that the Fed has done such a wonderful job of running...
  • Barney Frank to sponsor town hall meeting on health care

    08/17/2009 11:50:42 AM PDT · by markomalley · 112 replies · 6,205+ views
    Boston Herald ^ | 8/17/2009
    Responding to what he called the “unusual nature of the health care debate,” U.S. Rep. Barney Frank intends to host a town hall meeting on the national effort to overhaul the health care system. The meeting will be in addition to a Tuesday Dartmouth Town Committee meeting at which Frank plans to speak on a variety of Congressional issues, including regulation of financial institutions. In a statement released Friday, Frank said the interest in his attendance at the Dartmouth meeting – the town committee moved the event to a larger venue to accommodate the anticipated crowd – spurred him to...
  • Congress, lobbyists debate meaning of risk

    08/10/2009 1:00:18 PM PDT · by markomalley · 130+ views
    MarketWatch ^ | 8/6/2009 | Robert D. Orol
    When a divided House of Representatives approved controversial legislation last week to give shareholders a vote on executive compensation, they also OKd an even more contentious provision -- one that would require federal regulators write rules for financial firms prohibiting pay packages they believe are risky enough to bring down the entire economic system. But what incentives in compensation packages are risky enough to bring down the markets? Could government regulators -- such as the Securities and Exchange Commission or the Federal Deposit Insurance Corp. -- understand what constitutes risk? This is a matter vehemently disputed among conservatives and liberals,...
  • EDITORIAL: Barney Frank, salary czar

    08/07/2009 8:42:36 AM PDT · by markomalley · 249+ views
    In a free market, we're so familiar with how prices are set -- how manufacturers decide how much of a thing to make and what they can afford to pay for labor and raw materials -- that we rarely even think about it. Set salaries too high and charge too little for the product, go bankrupt. Pay too little, your unskilled workers can't do the job. Yuri Maltsev, a former Soviet economic planner, reminds us the Communists had no such "consumer feedback loop." Trying to figure out what their national production quota should be for ice cream, they simply snitched...
  • Rep. Frank Interrupted By Distrubance In House Gallery

    05/06/2009 9:28:09 AM PDT · by politicalhub · 39 replies · 3,360+ views
    Rep. Barney Frank is interrupted by people singing in the House gallery while he is trying to address the floor.
  • Barney Frank Wants the Government to Set Your Salary

    03/31/2009 7:58:44 PM PDT · by vadum · 11 replies · 483+ views
    American Spectator ^ | March 31, 2009 | Matthew Vadum
    More Mussolini-style corporatism from Capitol Hill Democrats.The House Financial Services Committee, chaired by Barney Frank, approved legislation handing Treasury Secretary Geithner extensive control over salaries of employees who work for businesses that take in government bailout funds. As the Washington Examiner reports [I]n a little-noticed move, the House Financial Services Committee, led by chairman Barney Frank, has approved a measure that would, in some key ways, go beyond the most draconian features of the original AIG bill. The new legislation, the "Pay for Performance Act of 2009," would impose government controls on the pay of all employees -- not just top executives -- of...
  • Is There an Antidote to the Republican Amnesia? [Barney Frank spewing revisionist history]

    03/18/2009 6:54:13 PM PDT · by Jim Robinson · 22 replies · 1,277+ views
    Huffington Post ^ | March 18, 2009 | By Barney Frank
    Memory eventually fails us all, but apparently the decline strikes one party far more than the other. In recent weeks, my friends across the aisle have expended a lot of breath proclaiming that the Democrats caused the present financial crisis by failing to pass legislation to regulate financial services companies in the years 1995 through 2006. There is only small one problem with this story -- throughout this entire period the Republicans were in complete charge of the House and for the most critical years they controlled the House, the Senate, and the Presidency. In the House of Representatives, the...
  • Pink dolphin appears in US lake

    03/03/2009 3:06:05 AM PST · by SolidWood · 13 replies · 1,263+ views
    Telegraph UK ^ | 02 Mar 2009 | Telegraph UK
    The world's only pink Bottlenose dolphin which was discovered in an inland lake in Louisiana, USA, has become such an attraction that conservationists have warned tourists to leave it alone. Charter boat captain Erik Rue, 42, photographed the animal, which is actually an albino, when he began studying it after the mammal first surfaced in Lake Calcasieu, an inland saltwater estuary, north of the Gulf of Mexico in southwestern USA. Capt Rue originally saw the dolphin, which also has reddish eyes, swimming with a pod of four other dolphins, with one appearing to be its mother which never left its...
  • Freddie Mac CEO to resign

    03/02/2009 8:37:51 AM PST · by SolidWood · 40 replies · 1,366+ views
    CNN ^ | March 2, 2009 | Aaron Smith
    <p>NEW YORK (CNNMoney.com) — Freddie Mac's chief executive, installed last year after the government took over the troubled mortgage finance company, is resigning, the company and its regulator said Monday.</p> <p>David Moffett will step down by March 13. Freddie Mac (FRE, Fortune 500) said it would announce a successor by then.</p>
  • Barney Frank: Conservatives trying to blame economic woes on blacks

    10/06/2008 6:19:18 PM PDT · by Sub-Driver · 100 replies · 2,023+ views
    Barney Frank: Conservatives trying to blame economic woes on blacks By Jerry Kronenberg | Monday, October 6, 2008 | http://www.bostonherald.com | Business & Markets U.S. Rep. Barney Frank claims conservatives are trying to partly blame the nation’s economic woes on black people. “This is an effort I believe to appeal to a kind of anger in people,” Frank, a Newton Democrat who chairs the House Financial Services Committee, today told a Boston foreclosure-prevention forum. Frank charged that conservatives aim to shift blame for the market meltdown away from Wall Street and toward minority-lending laws like the federal Community Reinvestment Act....
  • Getting Prettied Up (Caption This Photo)

    02/13/2005 8:49:25 PM PST · by sweetliberty · 11 replies · 855+ views
    February 13, 2005