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This ad ran on CBS affiliate late last night in Boston. Powerful stuff. I like it a lot more than the humorous ads Beilat had been running before. What that assclown Frank did to this nation is no laughing matter. YouTube link: Betrayed Our Trust (Barney Frank and the Subprime Disaster) Donation link to run ad: DONATE

In tight races, some Democrats cut corners on ethics pledgesJonathan Strong - The Daily Caller Fri Oct 22, 4:31 pm ET Facing unusually stiff competition at the ballot box, at least two Democratic congressmen are cutting corners on the ethics pledges they made regarding whom they’ll accept money from, disclosure records show. Rep. Barney Frank, Massachusetts Democrat, has accepted nearly $50,000 from individuals employed by companies that received government bailouts under the Troubled Asset Relief Program (TARP). Frank has pledged he will not accept funds from companies that received TARP money, but the donations appear to skirt the pledge. In...

Activists Uncover Foreclosure Scandal Shattered Dreams: Regular folks discover irregularities

Will Tea Party Sink Barney Frank's Reelection Bid?By Erik Hayden | October 22, 2010 11:53am **SNIP** Voters Are Starting to Turn Against Frank's 'Consistently Obnoxious Behavior' concludes Boston Globe columnist Brian McGrory, who explains that voters used to give Frank a pass because "he unapologetically and effectively carried the flag for the most liberal of causes." That time may be ending, Bielat has already made Frank look "foolish" and may do so on election day. "Now voters are looking to D.C. and wondering what has gone wrong in a city and a system that is having such a hard time...

  A liberal financier at the center of two congressional ethics controversies may also be involved in some questionable business dealings, according to the New York Times. S. Donald Sussman, a billionaire hedge-fund titan, made news after his fiancé, Rep. Chellie Pingree (D-ME), was accused of traveling on his private jet to campaign events.Rep. Barney Frank (D-MA) has also been scrutinized for traveling to Sussman's Virgin Islands mansion on the billionaire's plane. Republicans have said the trip had the appearance of impropriety, since Frank serves as chair of the House Finance Committee and a company owned by Sussman has...

Bank of America Corp. and its Countrywide Home Loans unit were accused of racketeering in a lawsuit filed by two Indiana residents claiming that perjured affidavits were used to foreclose on their home. Dwayne Ransom Davis and Melisa Davis filed the complaint Tuesday in federal court in Indianapolis. Their lawyer, Irwin Levin, confirmed the filing in a phone interview, but it couldn’t be independently verified. “The defendants and their cohorts engaged in a pattern of racketeering activity in which they routinely and repeatedly prepared perjured affidavits in order to rapidly churn foreclosures,” the couple said in the complaint.

This will take time - and be contested - but the battle over Reps and Warranties will probably continue to grow. Fannie and Freddie have been ramping up their push backs for some time, and here come the push backs from the private investors. I think this will be a drag on bank earnings for some time.

Longtime Massachusetts Rep. Barney Frank has given his re-election campaign $200,000 as he faces his toughest race in years. A campaign finance report filed Tuesday showed that Frank, the chairman of the powerful House Financial Services committee, lent himself the money Tuesday. Frank, a 15-term lawmaker from Newton, Mass., raised $316,644 last quarter and reported more than $1 million on hand with no debts. His campaign didn’t immediately respond to a request for comment.

Barney Frank has given his re-election campaign $200,000 as he faces his toughest race in years. A campaign finance report filed Tuesday showed that Frank, the chairman of the powerful House Financial Services committee, lent himself the money Tuesday. The chairman is facing one of his toughest fights in recent memory against Republican Sean Bielat, a 35-year-old Marine veteran with degrees from Georgetown, Harvard and the University of Pennsylvania. Republican Sen. Scott Brown won Frank’s congressional district, which President Barack Obama carried in 2008. Bielat has zeroed in on Frank’s service atop the financial services committee, indicating that the Democrat...

Update: CNBC confirms that the New York Fed is part of a consortium that have launched a lawsuit against BofA regarding Countrywide mortgages. Shares are now off 3%. Original post: Interesting! Shares of Bank of America (BAC) are getting crushed on headlines that the New York Fed and PIMCO are about to jump on the Bank of America mortgage putback bandwagon. It's particularly surprising to see the NYFED jump in on the action, since that means they'd be actively working to weaken Bank of America. PIMCO is private, so their only interest is making more money. It makes sense. All...

4 In Your Corner continues to investigate the Rocket Docket. That's the speedy-foreclosure process in Southwest Florida's 20th Judicial Circuit. We have the story of one Charlotte County man who's trying to stop it. As a notary public with over 20-years experience, Ron Gillis scrutinized his mortgage documents preparing for his foreclosure hearing. And he claims to have found on paper what many of you have complained to 4 In Your Corner about, mortgage fraud and falsified documents; and in the courtroom, violation of due process and rogue judges. That's why he's filing complaints against foreclosure judges Leeann Schreiber and...

Bank of America alleged in a court filing this June: It appears as though many loans and other mortgage-related assets have been double and even triple-pledged to various constituencies As I have repeatedly pointed out, the failure of the mortgage originators and banks to prepare and record proper documentation has led to an epidemic of fraud. The pledging of the same mortgage again and again to different trusts related to mortgage backed securities is just one result. And as long-time foreclosure investigator Nye Lavalle writes: On thousands of occasions I stated to regulators, CEOS, banks, Fannie and Freddie that the...

  House Financial Services Committee Chair Barney Frank (D-MA) is just the latest member of Congress facing scrutiny for taking joy rides on a private jet owned by hedge-fund billionaire and federal bailout recipient S. Donald Sussman.Republicans say that Frank needs to clear up ethical concerns about his flight to the U.S. Virgin Islands on Sussman's $25 million private plane in 2009, and his subsequent vacation at the hedge-fund owner's luxurious Caribbean mansion. Sussman, a major philanthropist to liberal causes, has reportedly raked in $200 million in federal bailout funds for his company Paloma Securities. As head of the...

      Among long-time politicians who are being seriously challenged for the first time this election year, Congressman Barney Frank of Massachusetts best epitomizes the cynical ruthlessness which hides behind their lofty rhetoric.Having been a key figure in promoting the risky mortgage lending practices imposed by the federal government on lenders, and on Fannie Mae and Freddie Mac to buy these risky mortgages from the lenders, Barney Frank blamed the resulting collapse of financial markets and the economy on everybody except Barney Frank.In February 2009, as chairman of the House Financial Services Committee, Congressman Frank summoned the heads...

WASHINGTON (Dow Jones)--The White House is committed to holding banks accountable for any legal violations tied to housing foreclosures, White House Press Secretary Robert Gibbs said Tuesday. Gibbs also reiterated that the administration "strongly" supports an investigation by 50 state attorneys general into allegations that bank employees signed foreclosure documents without carefully reviewing the contents. Gibbs' statement comes as several large financial institutions, including Bank of America Corp. (BAC) and GMAC Mortgage, a lender and loan servicer, said they were restarting foreclosures. Bank of America said the company hasn't found significant problems with its process for seizing homes. The bank...

Foreclosure attorney David Stern, who is being investigated for fabricating legal documents, purposefully hid files from inspectors with Fannie Mae and Freddie Mac, a former employee said in recently released deposition. Stern had a tight-knit relationship with the two mortgage giants, and referred to them as his “babies,” former employee Kelly Scott said. Scott also said office managers and key staff members got gifts, including new cars. Stern’s law firm is one of the largest foreclosure law firms in Florida, handling thousands of cases per month. Attorney General Bill McCollum is investigating the firm for allegedly creating phony documents. McCollum’s...

Barney Frank’s gay boyfriend tries to harass and antagonize Frank’s GOP opponent, Sean Bielat. The weird and awkward scene took place last Wednesday, right after the conclusion of a debate between Barney "Fannie Mae and Freddie Mac are a-okay" Frank and challenger Sean Bielat. The bizarre incident was caught on tape by a Boston Herald reporter and featured Frank’s gay boyfriend, a supposed "amateur" photographer by the name of James Ready, taking pictures of Bielat while he was minding his own business and talking to some reporters. Ready also tried to harass and antagonize Bielat by criticizing the quality of...

A Barney Frank "supporter" caught on a Herald video heckling Republican Sean Bielat is the congressman’s longtime domestic partner Jim Ready, Bielat’s campaign said this morning.

Me thinks Barney Frank and the rest of the Dems are starting to PANIC.

Barney Frank: Protection bureau won’t run amokBy Thomas Grillo Friday, October 15, 2010 - Updated 2 days ago U.S. Rep. Barney Frank rejected suggestions that the director of the new Consumer Financial Protection Bureau will have unchecked powers. “I can’t see many examples of there being an excess of consumer protection,” the Newton Democrat said yesterday following a speech to kick off Suffolk University’s Moakley Breakfast Series at the federal courthouse. “There are very strict rules about what she can and can’t do,” he said, “but the notion that we will overprotect consumers is a strange one.” Last month, President...