Free Republic

Interesting story here... CourtHouseNews (via Denninger): A La Jolla man can keep his home for now, after a federal judge granted his motion for a temporary restraining order blocking Washington Mutual and JP Morgan from foreclosing on his house because the banks misled him into defaulting on his mortgage. Kaveh Khast claimed the banks instructed him to stop making his mortgage payments so he could qualify for a loan modification. A Washington Mutual representative confirmed receipt of the documents, but did not contact Khast within two months as promised. After learning JP Morgan Chase had acquired Washington Mutual, Khast contacted...

Oh my God, could bluer than blue Brookline — the capital of Moonbat-istan — be breaking for Republican Sean Bielat? For 25 years I’ve lived in Brookline, where Republicans admit they’re Republicans at their own risk. Yet I haven’t seen so many lawn signs for a Republican since a few courageous matrons put a “Weld for Governor” placard on their lawn in 1990 and paid the price: social suicide. They were promptly shunned at Whole Foods. Their poor children sat alone in the cafeteria. It says something huge about Barney Frank’s fall from grace that a few brave Brookline-ites are...

(SNIP) Today, Representative Barney Frank (D-Mass.) indicated how Obama's plans to gut the military would be translated into budgetary allocations. Frank told the editorial board of The Standard-Times that the Democrats would slash military spending by 25%, forcing American to withdraw from Iraq sooner. Rep. Frank said, "We don't need all these fancy new weapon Rep. Frank also called for massive increases in federal spending for social programs and increased taxes.

Wall Street Reform Architect Frank Fights for SurvivalBy Reuters November 01, 2010 BOSTON - Representative Barney Frank, the outspoken, witty Democrat closely tied to the 2008 U.S. bank bailout, faces a tough re-election battle after 15 terms in office at a time when incumbency itself is a liability. Challenging the Massachusetts liberal is Republican Sean Bielat, a former U.S. marine, and opinion polls suggest Frank has an uncomfortably narrow lead over a political unknown. In the run-up to Tuesday's congressional elections, Frank has faced a torrent of negative ads and mailings, much of it from groups outside the state who...

Barraged for months with attack ads, competing messages from the candidates, dizzying poll numbers, and head-turning news of drama, mutiny, scandal, and sheer silliness on the campaign trail, Massachusetts voters will finally deliver an answer to the question of the political year on Tuesday. Will the state’s Republicans finally rise from the dead? Not since 1990, when fiscal and political chaos gripped Beacon Hill, has such potential existed for major Republican gains up and down the ticket. For the first time in years, the party is making spirited challenges for statewide constitutional offices, several of the state’s 10 congressional seats,...

Back in September 2008, Brit Hume provided this timeline about FannieMae, FreddyMac, and the great economic collapse. Who was warning about the financial soundness of those institutions? Who reassured us — as late as the summer of 2008 — that they were “fundamentally sound”? This is a video that Sean Bielat, who is running against Barney Frank in Massachusetts (donate here), should air repeatedly until November 2.

It’s an internal campaign poll, but according to Sean Beilat’s campaign, the GOP candidate is in a statistical tie with Rep. Barney Frank: We obtained a Bielat campaign internal memo on their polling from last week showing the race is a statistical dead-heat against incumbent Congressman Barney Frank. The memo, sent from an anonymous source, illustrates and echoes only what we’ve been hearing and seeing on the ground. While Sean Bielat’s number of supporters seem to be increasing at every event, Barney Frank’s supporters are all but non-existent. Charlie Cook, founder of the Cook Political Report, has moved MA-4 from...

Link only - “We do have death panels”

Among longtime politicians who are being seriously challenged for the first time this election year, Congressman Barney Frank of Massachusetts best epitomizes the cynical ruthlessness that 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, Frank blamed the resulting collapse of financial markets and the economy on everybody except Barney Frank.

U.S. Rep. Barney Frank said yesterday he’s not concerned that the mammoth financial regulation and consumer protection bill he co-sponsored will drive banks and businesses offshore, vowing that any country promising to be a haven for bad-news banks will incur the wrath of U.S. leaders. “If any small country decides to hold itself out as a haven, we mandated that countries be denied access to the Federal Reserve and other institutions, Frank said at a Boston College forum. “We have a capacity to do that.”

Frightening FalloutIn order to easily buy and sell mortgages between themselves so that these loans might be repackaged, securitized and then sold to investors as mortgage-backed securities, banks and other lenders needed a quick way to "trade" individual mortgages. They created a company called Mortgage Electronic Registration Systems (MERS). This group includes Bank of America Corp. (NYSE: BAC), GMAC LLC (NYSE: GMA), Wells Fargo & Co. (NYSE: WFC), Washington Mutual (now owned by JPMorgan Chase), the United Guaranty Corp. unit of American International Group Inc. (NYSE: AIG), Fannie Mae (OTC: FNMA), Freddie Mac (OTC: FMCC), mortgage-servicing companies and other similarly...

"The latest ugly news for Bank of America is actually coming from Europe, where big institutional money managers and other mortgage securities buyers are now beginning to organize for an assault."

An institutionalized system of skewed incentives allowed Wall Street bankers and other corporate executives to gamble with America's wealth and then get away largely scot-free after the house of cards came tumbling down, plunging the U.S. into the worst economic crisis in decades and destroying trillions of dollars of wealth worldwide. That's the analysis of Joseph Stiglitz, an internationally renowned economist and winner of the 2001 Nobel Prize in economics. (His latest book, Freefall: America, Free Markets, and the Sinking of the World Economy, is just out in paperback.) During a wide-ranging interview with DailyFinance at AOL headquarters in New...

At the end of last week's letter on the whole mortgage foreclosure mess, I wrote: "All those subprime and Alt-A mortgages written in the middle of the last decade? They were packaged and sold in securities. They have had huge losses. But those securities had representations and warranties about what was in them. And guess what, the investment banks may have stretched credibility about those warranties. There is the real probability that the investment banks that sold them are going to have to buy them back. We are talking the potential for multiple hundreds of billions of dollars in losses...

MELROSE — With New Jersey Governor Christopher J. Christie offering a blueprint for GOP victory, Republican Charles D. Baker brought 800 chanting supporters to their feet yesterday as he promised to replicate Christie’s victories in Massachusetts. In one of Baker’s most energetic events to date, Christie regaled the crowd at Melrose City Memorial Hall with stories of his election win over an incumbent in a three-way race last year and the confrontations with the Legislature over taxes and spending that followed, recounting it all with the gusto and bravado of a storyteller at a tavern. He playfully threatened to “go...

Call this good news/bad news for Barney Frank in his fight to hold onto his job in Massachusetts’ 4th CD. The Boston Globe reports that Frank has a 13-point lead — but only gets 46% of the vote in a two-way race, 46-33. With a week to go before voting, Frank’s inability to get a majority may reveal a serious problem, and the Globe notes that enthusiasm may be that problem (via Jim Geraghty): US Representative Barney Frank, Democrat of Newton, leads his Republican challenger, Sean Bielat, by 13 percentage points among likely voters in the Fourth Congressional District. In...

A new Boston Globe poll puts Barney Frank ahead of his GOP challenger, Sean Bielat, by a 46 to 33 percent margin. That may sound like good news for the incumbent, until you consider that Frank, who was first elected in 1980, has never won a general election by fewer than 20 points -- and that he's notched at least 64 percent of the vote in every race since 1990. It's not hard to see what's going on here. As I wrote back in January, when Scott Brown knocked off Martha Coakley, Massachusetts is a perfect example of how the...

Rep. Barney Frank to attend Brockton foreclosure prayer vigilSunday meeting also will update residents on homeowners assistance program By Erik Potter GateHouse News Service Posted Oct 23, 2010 @ 11:51 AM BROCKTON — Rep. Barney Frank and Undersecretary of Consumer Affairs and Business Regulation Barbara Anthony will join the Brockton Interfaith Community for a community meeting and prayer vigil Sunday afternoon. The purpose of the meeting is to update citizens on a new federal homeowners assistance program that was included in the Frank-Dodd banking bill passed in July. The meeting will be Sunday at St. Patrick Church, 335 Main St.,...

About time someone made an ad like this. (posted on TheBlaze.com). No hype, not even a voiceover. Just the facts, which are absolutely damning. I would suggest the makers of the ad adapt it to go NATIONAL. Could do a lot of damage to Dems. For now, to help run it to defeat Barney Frank, use donation link below:"BETRAYED OUR TRUST"

Excellent Bielat ad!