Free Republic 4th Quarter Fundraising Target: $88,000 Receipts & Pledges to-date: $75,044
Woo hoo!! And now over 85%!! Less than $13k to go!! Thank you all very much!!

Keyword: frank

Brevity: Headers | « Text »
  • 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 isn’t suited for the Oval Office and should stay out of the 2016 White House sweepstakes. “There’s something about him that doesn’t look presidential,” Frank told the Herald when asked if the veep should jump in the race. “It would be a mistake for him to do that.” Frank’s comments come as a top Biden backer was reportedly overheard this week saying, “I am 100 percent that Joe is in.” Frank also blasted Vermont U.S. Sen. Bernie Sanders, saying the self-described socialist doesn’t...
  • 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. “We 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 Democrats’ tactics to rein in big banks and appeal to voters’ 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, Congress’s 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 ^ | 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 Clinton’s impeachment stemming from his sexual misconduct, when they all have sexual misconduct or infidelity allegations of their own. Frank said, “Then these people get together to impeach Bill Clinton, who looks like almost a virgin in that crowd.”
  • 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 ^ | Mar 12, 2015
    Obama discloses that “Frank” is Frank Marshall Davis at about 8:37 in the video.
  • Barney Frank: Joe Biden ‘can’t keep his mouth shut or his hands to himself’

    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 “talented” but also “someone who lacks discipline.” “Joe is his own worst enemy,” Frank said on “PoliticKING with Larry King” on “He’s a very bright guy, very good values,” Frank said, noting the vice president’s years-old plan to divide Iraq into Sunni, Shia and Kurdish sections. “But he just — he can’t keep his mouth shut or his hands to himself.” “It’s out of good intentions, but I think he has unfortunately diminished people’s 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
    Yesterday’s 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 Obama’s childhood mentor, Frank Marshall Davis. It was almost seven years to the day when we published our seminal piece about Davis, “Obama’s Communist Mentor.” Davis was a member of the Communist Party and a suspected Soviet espionage agent. He was included in the FBI’s 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. “I 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,” said Durbin, the No. 2 Democrat in the Senate, on MSNBC’s “Morning Joe.” “[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 Obama’s 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. Bean’s 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 — the fiery liberal from Los Angeles known for calling House Republican leadership “demons” and threatening to nationalize oil companies — has gone from the scourge of Big Business to a sympathetic ally for corporate America. It’s 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 ‘Sovereign Palestine’

    05/22/2014 10:45:22 AM PDT · by Olog-hai · 134 replies
    INN ^ | 5/22/2014, 7:11 PM | Ari Yashar
    The Vatican’s Secretary of State made a dramatic revelation ahead of Pope Francis’s visit to Israel next Sunday and Monday, declaring that the pope will talk about the “Palestinian people’s right to have a homeland, sovereign and independent.” 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. … When asked what the pope particularly intends to talk about during the visit, Parolin revealed he would talk about “on the one hand, Israel’s right to exist in peace and security within internationally recognized boundaries.” On...
  • Barbara Comstock wins Virginia ‘firehouse’ 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. — Nick Dunn (@NickDunnCNBC) December 20, 2013 CNBC is happy to announce that former Congressman Barney Frank has joined @CNBC as our latest contributor — Ryan Ruggiero (@RyanRuggiero) December 20, 2013
  • Dodd-Frank Spies on You, Too

    09/16/2013 3:56:50 AM PDT · by Kaslin · 12 replies ^ | September 16, 2013 | Michael Schaus
    Say hello to Big Brother. . . Again. As if the information collected through the NSA, IRS, and FBI weren’t 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 – 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, let’s 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 FSOC’s 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 — in the midst of a huge outcry in Congress about banks that are too big to fail (TBTF) — 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 “Examining How the Dodd-Frank Act Hampers Home Ownership.” 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 ^ | 6-12-2013 |
    HOUSTON – 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 agency’s current director, Ed DeMarco. DeMarco has headed the agency since 2009 and was a Bush appointee. Watt’s nomination is subject to Senate confirmation. Watt played a key role in the he Dodd–Frank 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 Mac—Permanently

    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 Mac—the government-sponsored mortgage giants. Both entities distort the country’s 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 market—and 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: “In this terrible situation, let’s 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 … of [their] health care. Here we saw government in two ways perform very well. … 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 there’d 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) – One person disappointed by Gov. Deval Patrick’s 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 “I think I’m better prepared than most people.” 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: “I know Mr. Cowan is committed to working hard and in socially-fair and economically-efficient manner toward resolving pending budget issues.” “I 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 MSNBC’s “Morning Joe,” said he told Gov. Deval Patrick he wants to be interim senator when Sen. John Kerry is named secretary of state. “A month ago, or a few weeks ago, I said I wasn’t interested,” Frank said, according to a transcript of his appearance on “It was kind of like you’re about to graduate, and they said: ‘You gotta go to summer school.’ But (the fiscal cliff deal) now means that February, March and April are...
  • Barney Frank won’t go quietly (big mouth goes Hollywood)

    12/16/2012 4:45:17 PM PST · by Libloather · 31 replies
    Politico ^ | 12/16/12
    Barney Frank won’t 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 “semi-memoir” about the history of the gay rights movement. And he leaves Washington with a particular disdain for Fox News. “I’m hoping to get paid well to do what I do now for nothing,” a...
  • Hacktivist's Mom Has a Few Questions for Anonymous

    03/15/2012 8:48:25 PM PDT · by Kaslin · 4 replies ^ | 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. “Again?” she asked when informed by the Chicago Tribune that her son had been arrested for hacking. “I love my son, but he is a genius with no brain. He has a 168 IQ, but he has no wisdom.”  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 CongressÂ’s constitutional role. The CFPBÂ’s director, Richard Cordray, was installed by one of Barack ObamaÂ’s spurious recess appointmentswhen the Senate was not in recess. Vitiating the SenateÂ’s power to advise and consent to presidential appointments is congruent with the CFPBÂ’s general lawlessness. The CFPB nullifies CongressÂ’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 Obama’s 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 Kengor’s book are reports from Davis’s 600-page FBI file listing Davis’s Communist Party number: 47544. Kengor’s book provides stunning information that the mainstream media has carefully avoided. Like Breitbart News’s Vetting project, Kengor’s exposé 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, 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 Dodd–Frank statute represents a regulatory hijacking of the financial sector, spanning 2,300 pages delineating at least 400 separate rulemakings by 11 federal agencies. Doesn’t 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: Dodd–Frank 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 University’s Gene Anthony Jarrett labels him one of the “canonical African-American writers.” John Edgar Tidwell of the University of Kansas calls him ”Kansas’s Most famous Unknown Poet.” 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, FMD’s last name was never given. Now, “There is not a single Frank Marshall Davis audio clip...
  • Congressman Barney Frank weds in same-sex marriage

    07/07/2012 5:32:30 PM PDT · by Free ThinkerNY · 93 replies
    Reuters ^ | July 7, 2012 | Tim McLaughlin
    (Reuters) - U.S. Democratic Representative Barney Frank wed his longtime partner, James Ready, on Saturday, becoming the first sitting congressman to enter into a same-sex marriage. Massachusetts Governor Deval Patrick officiated the ceremony and added some levity by saying Frank, 72, and Ready, 42, had vowed to love each other through Democratic and Republican administrations alike, and even through appearances on Fox News, according to Al Green, a Democratic congressman from Texas. "Barney was beaming," said Green, who attended the ceremony. He added that Frank, a champion of gay rights and the sweeping reform of Wall Street, shed a tear...
  • Texas bank challenging Dodd-Frank, consumer bureau in court

    06/22/2012 6:57:22 AM PDT · by smokingfrog · 2 replies
    The Hill (On the Money) ^ | 21 June 2012 | Peter Schroeder
    A Texas community bank and two advocacy groups are filing suit in U.S. District Court to challenge the constitutionality of the Dodd-Frank financial reform law. In particular, the suit will contend that the Consumer Financial Protection Bureau (CFPB), created by the law, lacks sufficient checks and balances and, in the words of the CEO of State National Bank, is "simply unconstitutional." “No other federal agency or commission operates in such a way that one person can essentially determine who gets a home loan, who can get a credit card and who can get a loan for college,” said bank head...
  • Friends of Obama Allowed to Opt Out

    06/04/2012 6:56:14 AM PDT · by Kaslin · 13 replies ^ | June 4, 2012 | Lurita Doan
    Emigrant Bank was recently identified to receive a waiver that would allow the bank to opt out of rigorous Dodd-Frank requirements. These of course are the same new rules and regulations that Barack deems essential to the nation. Yet when the bank’s owner, Howard Milstein, who is a close friend and was a bundler for President Barack Obama’s 2008 campaign, protested that the new rules would seriously crimp operations of his bank, the Obama Administration worked with members of congress to grant him a waiver from the new rules. Other financial institutions and banks have consistently and vehemently argued that...
  • Obama not invited when Rep. Frank marries longtime partner

    05/19/2012 2:18:36 AM PDT · by Libloather · 14 replies
    The Hill ^ | 5/18/12 | Alicia M. Cohn
    Obama not invited when Rep. Frank marries longtime partnerBy Alicia M. Cohn - 05/18/12 05:04 PM ET Although Rep. Barney Frank (D-Mass.) earlier this month said he is “pleased” with President Obama’s decision to publicly support same-sex marriage, in a new interview the congressman revealed the president will not be on the guest list when Frank marries his longtime partner this summer. “If he and Michelle wanted to come, I would be delighted and honored to have him, but he will bring the Secret Service,” Frank said in an interview that will air Sunday as part of C-SPAN’s “Newsmaker” series....
  • (Bawney) Frank gives Obama high marks on gay issues, rips marriage stance

    04/27/2012 3:23:52 PM PDT · by Libloather · 8 replies
    The Hill ^ | 4/27/12 | Mike Lillis
    Frank gives Obama high marks on gay issues, rips marriage stanceBy Mike Lillis - 04/27/12 05:50 PM ET Rep. Barney Frank (D-Mass.) this week gave President Obama high marks on gay issues, but said it's "a problem" that the administration has declined to endorse gay marriage. Obama this week stirred criticism from the lesbian, gay, bisexual and transgender (LGBT) community when, during a trip to North Carolina, he declined to weigh in on a pending state bill banning civil unions and domestic partnerships. Frank, the first openly gay member of Congress, said Obama's silence was expected but disappointing. "It's not...
  • Democrats expressing buyers’ remorse on Obama's health law

    04/19/2012 6:37:08 PM PDT · by Free ThinkerNY · 14 replies
    The Hill ^ | April 19, 2012 | Julian Pecquet and Sam Baker
    An increasing number of Democrats are taking potshots at President Obama’s healthcare law ahead of a Supreme Court decision that could overturn it. The public grievances have come from centrists and liberals and reflect rising anxiety ahead of November’s elections. “I think we would all have been better off — President Obama politically, Democrats in Congress politically, and the nation would have been better off — if we had dealt first with the financial system and the other related economic issues and then come back to healthcare,” said Rep. Brad Miller (D-N.C.), who is retiring at the end of this...
  • OVERNIGHT HEALTH: More retiring Dems pile on Obama for healthcare focus (Frank on Commiecare™)

    04/19/2012 4:47:28 PM PDT · by Libloather · 8 replies
    The Hill ^ | 4/19/12 | Sam Baker, Julian Pecquet
    OVERNIGHT HEALTH: More retiring Dems pile on Obama for healthcare focusBy Sam Baker and Julian Pecquet - 04/19/12 06:57 PM ET Rep. Barney Frank (D-Mass.) isn’t the only retiring House Democrat who thinks the White House made a big mistake by pursuing healthcare reform. In interviews with The Hill on Thursday, several more Democrats piled on, saying Obama hurt Democrats’ electoral chances. “I think we would all have been better off — President Obama politically, Democrats in Congress politically, and the nation would have been better off — if we had dealt first with the financial system and the other...
  • Rep. Frank says he urged Obama to back off healthcare reform

    04/16/2012 9:15:09 AM PDT · by maggief · 28 replies
    The Hill ^ | April 16, 2012 | Julian Pecquet
    Rep. Barney Frank (D-Mass.) thought President Obama was making a "mistake" in pressing for healthcare reform in 2010 and urged the White House to back off after Democrats lost their 60-seat majority in the Senate, the congressman tells New York magazine. "I think we paid a terrible price for healthcare," Frank told the magazine in a lengthy interview as he prepares to retire at the end of his 16th term. "I would not have pushed it as hard. As a matter of fact, after [Sen.] Scott Brown [R-Mass.] won [in January 2010], I suggested going back. I would have started...
  • Barney Frank's words struck from record (banned from speaking for the day)

    03/07/2012 5:57:40 PM PST · by Libloather · 19 replies · 4+ views
    The Hill ^ | 3/07/12 | Pete Kasperowicz
    Barney Frank's words struck from recordBy Pete Kasperowicz - 03/07/12 03:50 PM ET House debate on a capital formation bill on Wednesday quickly turned into a heated political fight between Rep. Barney Frank (D-Mass.) and House Republican Conference Chairman Jeb Hensarling (R-Texas), prompting Hensarling to ask — successfully — that Frank's words be stricken from the record. The two members fought over a bill from Rep. Ben Quayle (R-Ariz.), H.R. 4088, which was introduced recently and was inserted into the larger capital formation bill now being debated, H.R. 3606. Quayle's language would increase the number of shareholders that can invest...