Keyword: frank

Brevity: Headers | « Text »
  • Barney Frank says Orlando shooting reinforces case for surveillance of 'Islamic Element'

    06/15/2016 10:27:44 AM PDT · by ErikJohnsky · 40 replies
    MassLive ^ | 6/13/16 | Michelle Williams
    Barney Frank, a long serving member of the U.S. House of Representatives from Massachusetts, voiced concerns regarding the safety of gay Americans, an "Islamic element" in terrorism and an increased need for surveillance and gun control. .. "It's an attack against gay people but it does not reflect a general deterioration of our standing in America," he said. "It reflects the virulence of the hatred in this sector of Islam." .. "There is an Islamic element here," he told the Times. "Yes, the overwhelming majority of Muslims don'Äôt do this, but there is clearly, sadly, an element in the interpretation...
  • Pope Francis Just Compared the Great Commission to Jihad

    05/17/2016 7:20:28 PM PDT · by sparklite2 · 62 replies
    PJ Media ^ | May 17, 2016 | Tyler O'Neil
    In an interview on Tuesday with the French magazine†La Croix, Francis minimized the difference between Islam and Christianity, arguing that the religions share a concept of subjugation.Today, I don't think that there is a fear of Islam as such but of ISIS and its war of conquest, which is partly drawn from Islam. It is true that the idea of conquest is inherent in the soul of Islam. However, it is also possible to interpret the objective in Matthew's Gospel, where Jesus sends his disciples to all nations, in terms of the same idea of conquest.
  • The Pope says 'it is a social fact' that Europe is seeing an 'Arab invasion' - and it's a GOOD thing

    03/05/2016 10:26:35 AM PST · by detective · 87 replies
    Daily Mail ^ | 4 March 2016 | Tom Wyke
    Pope Francis described the influx of migrants into Europe as an 'Arab invasion' before explaining that the new arrivals will enhance Europe for the better. The pontiff was giving a speech to an audience of French Christians when he reflected on Europe's history of migration and the positive impact it has had on its culture today.
  • Pope calls Italy‚Äôs foremost abortion promoter one of nation‚Äôs ‚Äėforgotten greats‚Äô

    02/25/2016 5:09:03 PM PST · by ebb tide · 46 replies
    Life Site News ^ | 2/25/2016 | John-Henry Westen
    In a February 8 interview with one of Italy's most prominent dailies, Corriere Della Serra, Pope Francis praised Italy's leading proponent of abortion - Emma Bonino -- as one of the nation's "forgotten greats," comparing her to great historical figures such as Konrad Adenauer and Robert Schuman. Knowing that his praise of her may be controversial, the Pope said that she offered the best advice to Italy on learning about Africa, and admitted she thinks differently from us. "True, but never mind," he said. "We have to look at people, at what they do." At 27, Bonino had an illegal...
  • The Pope: Trump's Not a Christian

    02/18/2016 1:31:43 PM PST · by GilGil · 129 replies
    Rush Limbaugh ^ | 2/18/2016 | Rush Limbaugh
    RUSH: Trump brought up a good point. He said, "When has the pope ever questioned the faith of another private citizen?" And, folks... By the way, folks, don't anybody... Don't anybody... I'm just warning you here: Don't anybody ask about the president's religion! Don't even get close to going there. Don't do it. That is a forbidden area. You cannot even ask about it. The pope can go ahead and claim that Trump is not a Christian, but you can't go there when we talking about the president of the United States. Trump wants to know, has the pope ever...
  • Pope Francis to stand with migrants at U.S. border

    02/10/2016 5:33:02 PM PST · by SkyPilot · 107 replies
    WND ^ | 10 Feb 16 | Cheryl Chumley
    Pontiff's show of solidarity during visit to Mexico Pope Francis, who has spent the past several months pressing nations, including America, to embrace those fleeing the unrest in the Middle East, Africa and Asia with open arms - and open borders - is now taking that stance to a new political level and planning a solidarity stand with migrants along the U.S.-Mexico boundary. Market Watch reported Francis is due to arrive in Mexico on Friday for a six-day visit. And as part of that visit, he is planning to stand on the U.S. border, in Ciudad Juarez, and deliver a...
  • What the Unearthed 1995 Video Tells Us about Obama

    04/16/2015 9:39:36 PM PDT · by Stand Watch Listen · 53 replies
    American Thinker ^ | April 16, 2015 | Jack Cashill
    A professionally shot video of Barack Obama from 1995 has recently surfaced. Shot at the Cambridge, Mass. Public Library, the video captures a skinny, youthful Obama promoting his then newly released memoir, Dreams from My Father. In this hour-long presentation, Obama openly talks about his relationship with his mentor, Frank Marshall Davis, a Communist and pornographer. Perhaps more importantly, Obama gives us a much clearer picture of who he was in 1995, on the cusp of his political career, than we had seen before. Some observations: The Obama of 1995 was not a very good speaker. He had a halting...
  • Shadowy federal bureau probably has your credit card information

    01/17/2016 11:53:37 AM PST · by george76 · 11 replies
    Watchdog ^ | January 15, 2016 | M.D. Kittle
    The Consumer Financial Protection Bureau remains "the most out-of-control, unaccountable, and nontransparent agency in the federal government... And we can say that without reservation because this is one of the only agencies that literally operates outside of congressional oversight," added Wise, whose Virgina-based organization "works to protect consumers' right to access free-market goods and services." The CFPB, created under the 2010 Dodd-Frank Act, is funded largely by fees banks pay to the Federal Reserve. While its director, Richard Cordray, has bragged that his bureau has levied more than $141 million in fines used for CFPB education programs or reparation to...
  • Celebrating Frank Zappa on his 75th birthday

    12/18/2015 9:51:43 AM PST · by Eddie01 · 38 replies
    Irish Examiner ^ | Friday, December 18, 2015 | Jonathan deBurca Butler
    SHORTLY after his death from prostate cancer in 1993, the musician and sometime film director Frank Zappa was honored by the International Astronomical Union‚Äôs Minor Planet Centre which named an asteroid after him. The citation announcing the naming of 3834 Zappafrank appeared in the Minor Planet Circular and noted that ‚ÄúZappa was an eclectic, self-trained artist and composer with incredible energy and a biting wit‚ÄĚ. [snip] In high school he was a drummer in his first band but gradually he moved on to guitar. It was one of several instruments he would go on to master. Rolling Stone magazine ranked...
  • Barney Frank: Joe Biden 'doesn't look presidential'

    09/18/2015 6:56:40 PM PDT · by RightGeek · 42 replies
    Boston Herald ^ | 9/18/2015 | Joe Dwinell
    Former Bay State congressman Barney Frank had harsh words for Joe Biden yesterday, saying the vice president isnít suited for the Oval Office and should stay out of the 2016 White House sweepstakes. ďThereís something about him that doesnít look presidential,Ē Frank told the Herald when asked if the veep should jump in the race. ďIt would be a mistake for him to do that.Ē Frankís comments come as a top Biden backer was reportedly overheard this week saying, ďI am 100 percent that Joe is in.Ē Frank also blasted Vermont U.S. Sen. Bernie Sanders, saying the self-described socialist doesnít...
  • Tipton: Federal red tape hurts small banks ( Colorado and .. )

    07/24/2015 8:36:25 AM PDT · by george76 · 6 replies
    Durango Herald ^ | July 23, 2015 | Mariam Baksh
    financial reform increases staffing costs. Small banks are struggling to comply with the Dodd-Frank Act, which was passed to regulate the financial industry in the wake of the 2008 financial crisis, said Rep. Scott Tipton. The Republican from Cortez received some national attention this week for challenging Federal Reserve Chairwoman Janet Yellen to support his plan to ease the burden of Dodd-Frank on small banks. ... Mike Burns, president of Alpine Bank for the Southwest region, said in a phone interview that Dodd-Frank is creating head winds. ďWe really want to focus our time and energy in supporting the communities...
  • GOP contenders take turns bashing Wall Street

    06/14/2015 8:05:27 AM PDT · by GIdget2004 · 19 replies
    The Hill ^ | 06/14/2015 | Kevin Cirilli
    Republican presidential candidates are increasingly adopting anti-Wall Street rhetoric, as they assail Democratsí tactics to rein in big banks and appeal to votersí distrust of the financial sector. In recent weeks, former Texas Gov. Rick Perry declared he is "fed up" with Wall Street's antics, Sen. Ted Cruz (R-Texas) slammed Goldman Sachs and Ohio Gov. John Kasich derided the banking industry as rife with greed. The fiery language comes as the landmark 2010 Dodd-Frank financial reform law nears its fifth anniversary next month. The Democrat-backed statute, Congressís response to the 2008 economic crisis, put into place hundreds of new regulations,...
  • Barney Frank: GOP Sex Scandals Make Bill Clinton Look Like A Virgin

    06/02/2015 10:41:55 AM PDT · by Biggirl · 59 replies
    Breitbart.com ^ | June 2, 2015 | Pam Key
    Monday on HuffPost Live, former Rep. Barney Frank (D-MA) criticized former Republican Speakers Newt Gingrich, Bob Livingston and Dennis Hastert for their hypocrisy in participating in former President Bill Clintonís impeachment stemming from his sexual misconduct, when they all have sexual misconduct or infidelity allegations of their own. Frank said, ďThen these people get together to impeach Bill Clinton, who looks like almost a virgin in that crowd.Ē
  • Video surfaces where Obama talks about mentor Frank Marshall Davis (Frank in Dreams of My Father)

    04/13/2015 8:46:00 PM PDT · by E. Pluribus Unum · 93 replies
    YouTube.com ^ | Mar 12, 2015
    Obama discloses that ďFrankĒ is Frank Marshall Davis at about 8:37 in the video.
  • Barney Frank: Joe Biden Ďcanít keep his mouth shut or his hands to himselfí

    03/24/2015 4:40:34 PM PDT · by Libloather · 27 replies
    Politico ^ | 3/24/15 | Nick Gass
    Vice President Joe Biden is his own worst enemy, former Rep. Barney Frank said in a recent interview with Larry King, calling the veep ďtalentedĒ but also ďsomeone who lacks discipline.Ē ďJoe is his own worst enemy,Ē Frank said on ďPoliticKING with Larry KingĒ on Ora.tv. ďHeís a very bright guy, very good values,Ē Frank said, noting the vice presidentís years-old plan to divide Iraq into Sunni, Shia and Kurdish sections. ďBut he just ó he canít keep his mouth shut or his hands to himself.Ē ďItís out of good intentions, but I think he has unfortunately diminished peopleís perception...
  • Obama's Mysterious Mentor "Frank" Resurfaces

    02/23/2015 7:23:26 PM PST · by 2ndDivisionVet · 62 replies
    Doug Ross @ Journal ^ | February 23, 2015 | Cliff Kincaid
    Yesterdayís news became big news on the Fox News Channel last week when former New York City Mayor Rudolph Giuliani brought up the name of President Barack Obamaís childhood mentor, Frank Marshall Davis. It was almost seven years to the day when we published our seminal piece about Davis, ďObamaís Communist Mentor.Ē Davis was a member of the Communist Party and a suspected Soviet espionage agent. He was included in the FBIís security index, meaning that Davis could be arrested or detained in the event of a national emergency. The FBI file on Davis documents his anti-white and pro-Soviet views,...
  • No. 2 Senate Dem: 'We've got a problem' if Dodd-Frank rider stays

    12/12/2014 2:00:20 AM PST · by Libloather · 34 replies
    The Hill ^ | 12/11/14 | Rebecca Shabad
    Senate Majority Whip Dick Durbin (D-Ill.) on Thursday morning slammed a provision in the pending spending bill that would repeal a piece of the Dodd-Frank financial reform law and expressed doubt that enough Democrats could support the package if that rider remains. ďI just spoke to Nancy Pelosi. The Democrats believe this is an odious provision that should not be included. Many of us feel the same way,Ē said Durbin, the No. 2 Democrat in the Senate, on MSNBCís ďMorning Joe.Ē ď[Speaker John Boehner (R-Ohio)] can take it out in the bat of any eye, and I hope he will....
  • Raising gas tax overdue: Barney Frank

    12/04/2014 2:00:18 PM PST · by shove_it · 48 replies
    CNBC ^ | 4 Dec 2014
    Former Rep. Barney Frank, and CNBC senior contributor Larry Kudlow, debate raising the gasoline tax.
  • Accused child rapist rode on Air Force One with Obama, raised $500k for Prez

    11/20/2014 7:59:16 PM PST · by TigerTown · 15 replies
    Radix News ^ | November 20, 2014 | Brett M. Decker
    A major Democratic donor was arrested this week by the Sex Crimes Unit in Portland, Ore., for raping a minor. Terrence Bean, a liberal activist who bundled more than $500,000 for Obamaís 2012 reelection campaign, is charged with having sex with a 15-year-old boy. Bean has made contributions to influential Democrats such as Hillary Clinton, outgoing Senate Majority Leader Harry Reid, Assistant Senate Majority Leader Dick Durbin and Rep. Barney Frank, who has had his own smarmy brushes with the law. Beanís Instagram account shows him on Air Force One with President Obama and getting chummy with Vice President Joe...
  • Rising (Maxine) Waters

    08/29/2014 4:10:57 AM PDT · by afraidfortherepublic · 4 replies
    Politico ^ | 8-29-14 | MJ LEE and ZACHARY WARMBRODT
    Maxine Waters ó the fiery liberal from Los Angeles known for calling House Republican leadership ďdemonsĒ and threatening to nationalize oil companies ó has gone from the scourge of Big Business to a sympathetic ally for corporate America. Itís no accident. Waters is executing this transformation by seizing on the growing divide between conservative Republicans and Big Business and leveraging her position as the top Democrat on the House Financial Services Committee, where in the coming weeks she will play a role in the battles over extending a terrorism insurance program and the Export-Import Bank. A large part of her...
  • Man Chokes to Death at South Dakota Hot Dog Eating Contest

    07/08/2014 3:30:49 PM PDT · by TurboZamboni · 61 replies
    KSTP ^ | 7-8-14 | KSTP
    A Fourth of July hot dog eating contest in western South Dakota turned deadly when a contestant choked to death. Walter Eagle Tail, 47, of Custer, died at a hospital Thursday after attempts to save him at the scene failed, Custer County Sheriff Rick Wheeler told the Rapid City Journal.
  • Frank Guinta On Obama, Illegals And Anything Else

    06/20/2014 7:51:03 PM PDT · by ObamahatesPACoal · 2 replies
    WRKO ^ | Howie Carr
    Former Congressman Frank Guinta who is running to regain his seat in New Hampshire was with us to talk about foreign policy, illegal immigrants, health care and what he can do to make your life better if you live in New Hampshire!
  • Vatican Says Pope Will Demand ĎSovereign Palestineí

    05/22/2014 10:45:22 AM PDT · by Olog-hai · 134 replies
    INN ^ | 5/22/2014, 7:11 PM | Ari Yashar
    The Vaticanís Secretary of State made a dramatic revelation ahead of Pope Francisís visit to Israel next Sunday and Monday, declaring that the pope will talk about the ďPalestinian peopleís right to have a homeland, sovereign and independent.Ē Cardinal Pietro Parolin holds a role in the Vatican City State, located in the Italian capital of Rome, equivalent to that of a prime minister. Ö When asked what the pope particularly intends to talk about during the visit, Parolin revealed he would talk about ďon the one hand, Israelís right to exist in peace and security within internationally recognized boundaries.Ē On...
  • Barbara Comstock wins Virginia Ďfirehouseí primary

    04/26/2014 8:59:56 PM PDT · by ObamahatesPACoal · 15 replies
    Politico ^ | TARINI PARTI
    Republicans nominated Barbara Comstock on Saturday to succeed longtime congressman Frank Wolf in Virginia's 10th Congressional District, turning away a slate of contenders who said they would be a more conservative choice. Ms. Comstock, a former Wolf staffer who represents McLean in the House of Delegates, will face Democrat John Foust in a November general election expected to draw national attention. Ms. Comstock had been the GOP front-runner since announcing her candidacy, winning support from most of the GOP establishment.
  • Guess Who Makes More Than Bankers: Their Regulators

    04/22/2014 7:22:47 AM PDT · by SeekAndFind · 2 replies
    Wall Street Journal ^ | 04/22/2014 | PAUL KUPIEC
    Long before George Bailey wrestled with Mr. Potter in "It's a Wonderful Life," the public decried the pay of top executives in large financial institutions. Overpaid bank executives are the villains in regulatory morality tales and feed distorted public perceptions about bankers' pay. It is true that the very top bank executives make more in a year than most of us make in a lifetime, but compensation of this magnitude is rare. Most banks in this country are small businesses and pay employees modest salaries. The Bureau of Labor Statistics reports that the average annual salary of a bank employee...
  • Sheriffs warn of violence from Mexican cartels deep into interior of U.S.

    04/09/2014 7:23:00 PM PDT · by ObamahatesPACoal · 28 replies
    The Washington Times ^ | Kelly Riddell
    Outmanned and outgunned, local law enforcement officers are alarmed by the drug and human trafficking, prostitution, kidnapping and money laundering that Mexican drug cartels are conducting in the U.S. far from the border. U.S. sheriffs say that securing the border is a growing concern to law enforcement agencies throughout the country, not just those near the U.S.-Mexico boundary.
  • Consumer bureau data-mining hundreds of millions of consumer credit card accounts, mortgages

    01/29/2014 10:15:43 AM PST · by Errant · 35 replies
    Washington Examiner ^ | 29 January 2014 | Richard Pollock
    Officials at the Consumer Financial Protection Bureau are conducting a massive, NSA-esque data-mining project collecting account information on an estimated 991 million American credit card accounts. It was also learned at a Congressional hearing Tuesday that CFPB officials are working with the Federal Housing Finance Agency on a second data-mining effort, this one focused on the 53 million residential mortgages taken out by Americans since 1998.
  • Barney Frank Joining CNBC

    12/20/2013 11:07:20 AM PST · by taildragger · 58 replies
    TalkingPointsMemo ^ | December 20, 2013 | Daniel Strauss
    Former Rep. Barney Frank (D-MA) is joining CNBC as a contributor. CNBC's managing editor Nick Dunn tweeted Friday that the former congressman and prickly liberal firebrand had joined the channel. Pleased to announce former US Congressman @BarneyFrank has joined @CNBC as our latest contributor. ó Nick Dunn (@NickDunnCNBC) December 20, 2013 CNBC is happy to announce that former Congressman Barney Frank has joined @CNBC as our latest contributor ó Ryan Ruggiero (@RyanRuggiero) December 20, 2013
  • Dodd-Frank Spies on You, Too

    09/16/2013 3:56:50 AM PDT · by Kaslin · 12 replies
    Townhall.com ^ | September 16, 2013 | Michael Schaus
    Say hello to Big Brother. . . Again. As if the information collected through the NSA, IRS, and FBI werenít enough, the newly formed Consumer Financial Protection Bureau (does that Orwellian named entity not give you the full body shivers?) has decided that government does not have a stranglehold on the spending habits of enough Americans. As a result, the Bureau, which was created as part of Dodd-Frank, is planning on monitoring up to 80 percent of all debit and credit card purchases Ė roughly 42 billion transactions. (Ironically, the agency has not released how much this data mining program...
  • Fannie Mae And Freddie Mac Allowed To Delay Billions In Losses (Now What Do We Do?)

    08/24/2013 8:34:44 AM PDT · by whitedog57 · 5 replies
    Confounded Interest ^ | 08/24/2013 | Anthony B. Sanders
    Welcome students to my Fall 2013 Fixed-Income Securities class. Since mortgage-backed securities are a big part of the US fixed-income market, letís start with the largest players in the market: Fannie Mae and Freddie Mac. Fannie Mae is located in Washington DC and Freddie Mac is located in McLean Virginia (hence puzzling why Virginia Senator Mark Warner (Democrat) is interested in winding down both enterprises. The regulator for Fannie Mae and Freddie Mac (and the Federal Home Loan Banks) is the Federal Housing Finance Agency (FHFA). And FHFA has a watchdog, the Inspector General. So the watchdog has a watchdog....
  • Rep. Frank Wolf blasts Gen. Ham for speaking openly about Benghazi at paid dinner but not to

    07/30/2013 5:43:33 PM PDT · by Nachum · 24 replies
    the right scoop ^ | 7/30/13 | staff
    Rep. Frank Wolf wants to know why Gen. Ham is willing to talk about Benghazi to people paying to hear him speak but only speaks to Congress behind closed doors. Also he raises other questions based on what Ham said about his response to Benghazi.
  • The FSOC Expands 'Too Big To Fail'

    07/22/2013 6:54:49 AM PDT · by george76 · 9 replies
    American Enterprise Institute. ^ | July 18, 2013 | Peter J. Wallison
    The FSOCís decision to expand the too-big-to-fail designation to nonbank firms will be seen as the most damaging action taken under Dodd-Frank. It was no surprise that the Financial Stability Oversight Council (FSOC) decided last week to cite a number of nonbank firms as systemically significant, placing them in line for greater regulatory scrutiny by the Federal Reserve. What was a surprise is that ó in the midst of a huge outcry in Congress about banks that are too big to fail (TBTF) ó neither Congress nor the administration asked the FSOC to stop the designation process until the too-big-to-fail...
  • Examining How the Dodd-Frank Act Hampers Home Ownership (Allow MORE Subprime?)

    06/18/2013 10:16:29 AM PDT · by whitedog57 · 1 replies
    Confounded Interest ^ | 06/18/2013 | Anthony B. Sanders
    The Subcommittee on Financial Institutions and Consumer Credit held a hearing today on ďExamining How the Dodd-Frank Act Hampers Home Ownership.Ē The hearing was about the Consumer Financial Protection Bureau (CFPB) and Qualified Mortgages (QM). The fear of Dodd-Frank and the CFPB is that the rules are so severe that it could hamper home ownership. Even though the current rate of home ownership remains above the 1994 rate of 64.2%. On May 29, 2013, the CFPB adopted a number of amendments to the QM rule that were proposed concurrently with the final rule in January. The amendments would (1) exempt...
  • Southern Baptists condemn Boy Scouts over admission of gays

    06/12/2013 12:02:39 PM PDT · by servo1969 · 59 replies
    FoxNews.com ^ | 6-12-2013 | FoxNews.com
    HOUSTON Ė The Southern Baptist Convention, which represents thousands of churches that sponsor Boy Scout troops, approved a resolution opposing accepting gay scouts - with a top church leader predicting a "mass exodus" of youths from the program that has been a rite of passage for more than a century. The move came as the convention held its annual, four-day meeting in Houston, and three weeks after the Boy Scouts of America voted to allow gay youth to join. With more than two-thirds of Boy Scout troops sponsored by religious organizations, and Baptists being the nation's largest protestant denomination, the...
  • President Obama to Nominate Rep. Mel Watt as FHFA Director

    05/01/2013 4:14:55 AM PDT · by haffast · 8 replies
    Politic365 ^ | 4:21am May 1, 2013 | Lauren Burke
    President Obama will nominate Rep. Mel Watt (D-NC) today to be the Director of the Federal Finance Housing Finance Agency (FHFA). Many have called for the firing of the agencyís current director, Ed DeMarco. DeMarco has headed the agency since 2009 and was a Bush appointee. Wattís nomination is subject to Senate confirmation. Watt played a key role in the he DoddĖFrank Wall Street Reform and Consumer Protection Act that is now law and has been an advocte for minority lending institutions. Watt is 67 and a graduate of Yale Law School. He has served in Congress since 1993 and...
  • Eight Steps to Eliminate Fannie Mae and Freddie MacóPermanently

    04/17/2013 2:16:54 PM PDT · by Slyfox · 13 replies
    Heritage Foundation ^ | April 10, 2013 | David C. John
    It is time to close both Fannie Mae and Freddie Macóthe government-sponsored mortgage giants. Both entities distort the countryís housing finance market by issuing mortgage-backed securities with subsidized government guarantees that the mortgages will be repaid. If guarantees are necessary, they should be priced and issued by the private sector, not by the state. Financial institutions expert David C. John details specific steps to achieve this shutdown carefully and methodically without further upsetting the delicate housing marketóand without making the situation worse.
  • Barney Frank on the Boston bombing: Let this serve as a reminder to you, smaller government

    04/16/2013 5:08:17 PM PDT · by Nachum · 29 replies
    Michelle Malkin ^ | 4/16/13 | Doug Powers
    The wisdom Frank tried to impart on CNN this morning is that the best way to fight against terrorism is by making government a lot bigger. Video via The Weekly Standard: ďIn this terrible situation, letís be very grateful that we had a well-funded, functioning government. It is very fashionable in America, and has been for some time to criticize government, belittle public employees, talk about their pensions, talk about what people think Ö of [their] health care. Here we saw government in two ways perform very well. Ö I never was as a member of Congress one of the...
  • Grumpy Cat: Consumer Confidence Plunges Along With Retail Sales, Dodd-Frank Goes Nuclear

    04/12/2013 8:37:14 AM PDT · by whitedog57 · 2 replies
    Confounded Interest ^ | 04/12/2013 | Anthony B. Sanders
    I hate days like this when all economic indicators are negative. Retail sales and consumer confidence plunged. Mama said thereíd be days like this. Not only did the University of Michigan Consumer Confidence plunge from 78.6 to 72.3, it plunged compared to an expectation of a 78.6 print. This was not only a 9 month low in the index, but more importantly the biggest miss to expectations since the index was created. Retail sales were down across the board, the biggest decline since June. Note that big swing and a miss versus the expectations of retail sales. Of course, energy...
  • Frank Issues Terse Statement On Cowan Senate Appointment

    01/30/2013 1:11:48 PM PST · by TexasCajun · 27 replies
    CBS Boston ^ | January 30, 2013 | BOSTON (CBS)
    BOSTON (CBS) Ė One person disappointed by Gov. Deval Patrickís decision to name Mo Cowan as interim U.S. Senator is former Congressman Barney Frank. Earlier this month, Frank openly lobbied for the position, saying ďI think Iím better prepared than most people.Ē Patrick obviously felt differently and chose Cowan, his former Chief of Staff, who has no previous experience holding elected office. Frank issued this terse statement Wednesday: ďI know Mr. Cowan is committed to working hard and in socially-fair and economically-efficient manner toward resolving pending budget issues.Ē ďI now look forward to working for the election of Ed Markey...
  • Government Mortgage Enterprises Averaged 30% Risky Loan Purchases from 2001-2008

    01/08/2013 12:45:55 PM PST · by whitedog57 · 6 replies
    Confounded Interest ^ | 01/08/2013 | Anthony B. Sanders
    According to data gathered by the Federal Housing Finance Administration (FHFA), the government mortgage enterprises (mostly Fannie Mae and Freddie Mac) averaged 30% risky loan purchases from 2001-2008. My definition of risky loan is 1) FICO score 80%. This table is just for fixed-rate mortgages. Notice that Enterprise purchases peaked in 2003, but the percentage of risky purchases rose from 27.43% in 2005 to 36.79% in 2007. In terms of 90 day delinquencies, the risky loans fared worse than less risky loans. The yellow/orange cells are the worse, blue cells are the best. Of course, we know that government housing...
  • Barney Frank: I want to be named interim senator to fill Kerry seat

    01/04/2013 6:20:52 AM PST · by Zakeet · 54 replies
    Boston Herald ^ | January 4, 2013 | Matt Stout
    Just one day removed from the House, Barney Frank says he wants to get back to Washington. Frank, speaking today on MSNBCís ďMorning Joe,Ē said he told Gov. Deval Patrick he wants to be interim senator when Sen. John Kerry is named secretary of state. ďA month ago, or a few weeks ago, I said I wasnít interested,Ē Frank said, according to a transcript of his appearance on Politico.com. ďIt was kind of like youíre about to graduate, and they said: ĎYou gotta go to summer school.í But (the fiscal cliff deal) now means that February, March and April are...
  • Barney Frank wonít go quietly (big mouth goes Hollywood)

    12/16/2012 4:45:17 PM PST · by Libloather · 31 replies
    Politico ^ | 12/16/12
    Barney Frank wonít go quietlyBy ASSOCIATED PRESS | 12/16/12 12:53 PM EST **SNIP** Frank has retained Hollywood super-agent Ari Emanuel to ensure he is a paid fixture on cable television, the lecture circuit, in bookstores - and maybe the occasional sitcom or Broadway show. He has already sent his agent two book proposals, one offering a recipe for future liberal success and the other a ďsemi-memoirĒ about the history of the gay rights movement. And he leaves Washington with a particular disdain for Fox News. ďIím hoping to get paid well to do what I do now for nothing,Ē a...
  • Hacktivist's Mom Has a Few Questions for Anonymous

    03/15/2012 8:48:25 PM PDT · by Kaslin · 4 replies
    Townhall.com ^ | March 16, 2012 | John Ransom
    When hacktivist Jeremy Hammond was arrested last week in Chicago as a part of a wide government investigation in the online group Anonymous, his mother, Rose Collins, called him a genius without any wisdom. ďAgain?Ē she asked when informed by the Chicago Tribune that her son had been arrested for hacking. ďI love my son, but he is a genius with no brain. He has a 168 IQ, but he has no wisdom.Ē† In an attempt to†educate the†world at-large†about the dangers of†Anonymous, Rose Collins reached out to Townhall Finance and spoke about Jeremy and Anonymous. She ended by asking a...
  • Answerable to No One (Consumer Financial Protection Bureau)

    11/17/2012 10:39:47 AM PST · by what's up · 11 replies
    Washington Post ^ | Nov 16, 2011 | George Will
    There can be unseemly exposure of the mind as well as of the body, as the progressive mind is exposed in the Consumer Financial Protection Bureau (CFPB), a creature of the labyrinthine Dodd-Frank legislation. Judicial dismantling of the CFPB would affirm the rule of law and Congress’s constitutional role. The CFPB’s director, Richard Cordray, was installed by one of Barack Obama’s spurious recess appointmentswhen the Senate was not in recess. Vitiating the Senate’s power to advise and consent to presidential appointments is congruent with the CFPB’s general lawlessness. The CFPB nullifies Congress’s power to use the power of the purse...
  • Professor: 'Dreams from My Father' Audiobook Oddly Scrubs Mentions of Frank Marshall Davis

    10/19/2012 12:05:23 PM PDT · by afraidfortherepublic · 21 replies
    Breitbart: Big Government ^ | 10-18-12 | Paul Kengor
    This is the latest in a series of exclusive interviews with Dr. Paul Kengor, Cold War historian and professor of political science, on his blockbuster book, The Communist: Frank Marshall Davis, The Untold Story of Barack Obamaís Mentor. The Communist is based on declassified material from Soviet archives, FBI files, and archived articles from Communist Party publications. Among the material reproduced in Kengorís book are reports from Davisís 600-page FBI file listing Davisís Communist Party number: 47544. Kengorís book provides stunning information that the mainstream media has carefully avoided. Like Breitbart Newsís Vetting project, Kengorís exposť is doing the vetting...
  • ACLU sues Morgan Stanley over risky mortgages

    10/15/2012 7:46:22 AM PDT · by Oldeconomybuyer · 32 replies
    CNN Money ^ | October 15, 2012 | By Chris Isidore
    The American Civil Liberties Union sued Morgan Stanley on Monday, charging the Wall Street firm discriminated against African-American homeowners and violated federal civil rights laws by providing funding for risky mortgages. The suit, filed in U.S. District Court in New York, is the first that connects racial discrimination to the process of bundling subprime loans into mortgage-backed bonds that were then sold to institutional investors and pension funds. The lawsuit was filed behalf of five Detroit residents, and asks the court to certify the case as a class action. It argues as many as 6,000 black homeowners in the Detroit...
  • Happy Birthday to the Dodd-Frank Rule That Killed Free Checking!

    10/02/2012 6:11:01 PM PDT · by Altariel · 13 replies
    Reason ^ | October 1, 2012 | Katherine Mangu-Ward
    One year ago today, the Durbin Amendment to the Dodd-Frank Wall Street Reform and Consumer Protection Act went into effect. Designed to protect consumers from high fees on debit card transactions, the new rules inadvertently put an end to free checking as we knew it. After the new rules kicked in, the banks started looking for ways to make up for the lost revenue, experimenting with $5 monthly changes on low balance checking accounts and other maintenance fees.In honor of this inauspicious anniversary, John Berlau of the Competitive Enterprise Institute writes: According to the just-released annual survey of†Bankrate.com, only 39...
  • DODD-FRANK: Still Wrong for America

    09/09/2012 11:31:57 AM PDT · by Son House · 6 replies
    Heritage Foundation ^ | July 18, 2012 | Heritage Foundation
    Hijacking the Financial Sector: The DoddĖFrank statute represents a regulatory hijacking of the financial sector, spanning 2,300 pages delineating at least 400 separate rulemakings by 11 federal agencies. Doesnít Fix the Problem: Most of the provisions of the act have little or no connection to the financial crisis that provided the excuse for their creation. More Bailouts, Not Less: DoddĖFrank does not end bailouts to big banks. Under the act, the Federal Deposit Insurance Corporation is permitted to purchase the assets of a failing firm, guarantee the obligations of a failing firm, take a security interest in the assets of...
  • And You Thought the Housing Crisis Was Over! The Community Reinvestment Act is back

    07/27/2012 5:37:12 AM PDT · by reaganaut1 · 70 replies
    The American Spectator ^ | July 27, 2012 | William Tucker
    Do you remember that thing about how the banks wouldn't lend to blacks and Hispanics because they were racists? And do you remember how they passed the Community Reinvestment Act so that banks were forced to reduce down payments practically to zero and lend to a lot of people they knew were bad credit risks? And do you remember how Wall Street bundled all these risky subprime mortgage and sold them to investors around the world so that when it became clear that those people weren't going to be able to pay their mortgages banks everywhere were left holding the...
  • Frank the Poet Remembered

    07/20/2012 1:35:10 PM PDT · by Academiadotorg · 3 replies
    Accuracy in Academia ^ | July 20, 2012 | Malcolm A. Kline
    Academic elites have treated controversial presidential mentor Frank Marshall Davis one of two ways. Either they ignore him or elevate him. For example, Boston Universityís Gene Anthony Jarrett labels him one of the ďcanonical African-American writers.Ē John Edgar Tidwell of the University of Kansas calls him ĒKansasís Most famous Unknown Poet.Ē For their part, Friends of Barack, not to mention the man himself, are in denial about his relationship to Davis. Although the president mentioned Davis at least 22 times in his memoirs, FMDís last name was never given. Now, ďThere is not a single Frank Marshall Davis audio clip...