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Keyword: frank

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  • 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
    Townhall.com ^ | 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
    FoxNews.com ^ | 6-12-2013 | FoxNews.com
    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 Politico.com. “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
    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. “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 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 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
    Townhall.com ^ | 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...
  • (Tax-cheat Timmy) Geithner: Dodd-Frank critics are toying with another financial meltdown

    02/03/2012 2:56:02 AM PST · by Libloather · 6 replies
    The Hill ^ | 2/02/12 | Peter Schroeder
    Geithner: Dodd-Frank critics are toying with another financial meltdownBy Peter Schroeder - 02/02/12 04:55 PM ET Treasury Secretary Timothy Geithner swung back at critics of the Dodd-Frank financial reform law Thursday, arguing that those detractors are pushing for a repeat of the financial crisis. Both in Congress and on the campaign trail, the Obama administration's reforms have come under fire. Lawmakers are pushing several bills that would repeal portions of the law, and every major Republican candidate has vowed to kill it as one of their first acts in office. But Geithner said such a rollback would merely make the...
  • Rep. Barney Frank to marry longtime partner

    01/26/2012 10:40:57 AM PST · by Nachum · 32 replies
    Associated Press ^ | 1/26/12 | Andrew Miga
    WASHINGTON — Retiring Massachusetts congressman Barney Frank, a gay pioneer in Congress, plans to marry his longtime partner Jim Ready of Maine. A spokesman for Frank confirmed Thursday that the congressman's wedding will be in Massachusetts, but said no date had been set. The Democrat announced last fall that he was retiring at the end of his 16th term.
  • Fannie and Freddie Helped Spawn the Mortgage Crisis, and So Did Affordable Housing Mandates

    01/10/2012 10:01:40 AM PST · by WOBBLY BOB · 19 replies
    open market ^ | 1-9-12 | Hans Bader
    Former Fannie Mae executive Ed Pinto, who worked at the mortgage giant before it began buying up risky mortgages, has also described Fannie Mae’s key role in buying up and promoting risky sub-prime mortgages, which Fannie Mae did on a large scale, despite having a capital cushion that was tiny compared to private banks, resulting in its later insolvency and massive taxpayer bailout. A recent book about the causes of the crisis by New York Times business reporter Gretchen Morgenson and financial analyst Josh Rosner, “Reckless Endangerment,” chronicles how “it was Fannie Mae and the government housing policies it supported,...
  • Ron Paul’s Soros Defense Plan

    01/02/2012 8:38:41 AM PST · by mnehring · 89 replies
    It was recently observed that Ron Paul was to the left of Obama on national security and the best evidence for that statement can be found when one year ago Ron Paul joined forces with Barney Frank​ on a proposal to gut national defense via a panel of experts, quite a few of whom were tied to George Soros​. In July 2010, Barney Frank and Ron Paul co-authored a Huffington Post article rolling out their Sustainable Defense Task Force. The Task Force “consisting of experts on military expenditures that span the ideological spectrum” would recommend a trillion dollars in defense...
  • The watchdogs that didn't bark

    12/23/2011 9:01:22 AM PST · by DeaconBenjamin · 9 replies
    Reuters ^ | Thu Dec 22, 2011 2:15pm EST | By Scot Paltrow
    Years after the banking system nearly collapsed from reckless mortgage lending, federal prosecutors have stayed on the sidelines, even as judges point out apparent wrongdoing. The federal government has pursued few criminal cases against major lenders or senior executives for the meltdown. Finding hard evidence is difficult, the Justice Department said. The government hasn't prosecuted dubious foreclosure practices deployed since 2007 by big banks and other mortgage-servicing companies. Meanwhile, foreclosure-related case files in just one New York federal bankruptcy court hold at least 12 promissory notes bearing evidence of recently forged signatures and illegal alterations, according to a judge's rulings....
  • [CA] sues for answers from Fannie Mae, Freddie Mac on housing meltdown

    12/21/2011 1:08:11 AM PST · by Cincinatus' Wife · 19 replies
    Los Angeles Times ^ | December 21, 2011 | Alejandro Lazo
    California Atty. Gen. Kamala D. Harris is suing Fannie Mae and Freddie Mac to force the mortgage giants to answer questions about their role in California's housing meltdown. In two suits filed Tuesday in San Francisco County Superior Court, Harris seeks to compel the companies to respond to subpoenas from her office that have been ignored so far. Harris is seeking information about the practices by Fannie and Freddie in California as part of her ongoing investigation into the mortgage industry. The suits ask a judge to order the two companies to answer a set of 51 questions served in...
  • Barney Frank: Obama would win 300-plus electoral votes against Gingrich

    12/17/2011 7:56:50 AM PST · by tcrlaf · 74 replies
    The Hill ^ | 12-17-11 | Bob Cusak
    Rep. Barney Frank is predicting that President Obama would easily win a general election against Newt Gingrich, but stopped short of guaranteeing that Obama would eclipse his 2008 victory. The retiring Massachusetts Democrat recently said that a Gingrich nomination “would be the best thing to happen to the Democrats since Barry Goldwater.” Asked for a prediction on electoral votes, Frank this week told The Hill, “The thing is [Gingrich] could carry most of the South.” He said Obama's count would be “in the 300s” against the Georgia Republican. To win the White House, 270 electoral votes are needed. Obama won...
  • Illinois Teen Learns About Bank Fees the Hard Way

    12/14/2011 9:05:39 AM PST · by Kartographer · 28 replies
    ABC NEWS/YahooNews ^ | 12/12/11 | SUSANNA KIM
    Ganziano, a 55-year-old mother of five children, encouraged her fourth child, Daniel, 18, to set up a savings account at a nearby TCF Bank "out of convenience" due to its location. Ganziano and her son discovered that the bank offered little convenience due to the growing number of bank fees, as first reported by the Chicago Tribune. After he put money into the savings accont from his job, Daniel Ganziano's balance eventually fell to $4.85 and with such a small amount, he ignored it. However, TCF sent him a letter on Oct. 12 informing him that it had charged him...
  • No worries for Dodd and Frank

    12/08/2011 12:09:13 PM PST · by Graybeard58 · 3 replies
    Waterbury Republican-American ^ | December 8, 2011 | Editorial
    "Barney Frank: I've destroyed the economy, my work here is done." — Washington Times headline, Nov. 29 It was quite a confluence of news last week when in the span of hours came Rep. Frank's retirement announcement, a report on declining housing prices and home-ownership rates, and a poll belaboring the obvious about Americans' fears about the housing and stock markets. With his fellow Democrat, former Sen. Chris Dodd of Connecticut, Rep. Frank, D-Mass., shoulders much of the blame for today's economic catastrophe and the fiscal crises plaguing governments at all levels. They spent years pushing policies that ultimately required...
  • Gingrich on Inauguration Day: Repeal Obamacare, Sarbanes-Oxley, Dodd-Frank

    12/08/2011 5:28:16 AM PST · by Libloather · 37 replies
    US News ^ | 12/07/11 | Mallie Jane Kim
    Gingrich on Inauguration Day: Repeal Obamacare, Sarbanes-Oxley, Dodd-FrankBy Mallie Jane Kim December 7, 2011 If former House Speaker Newt Gingrich is elected president, he has a busy first day planned. At his speech at the Republican Jewish Coalition's 2012 Republican Presidential Candidates Forum this afternoon, Gingrich urged attendees to help vote a large Republican majority into the House and Senate in 2012 so Congress could immediately pass repeals of the Affordable Care Act and the financial regulations Sarbanes-Oxley and Dodd-Frank. They should do so early in January, "before I am sworn in," he said. "Bring it out during the inaugural...
  • Jail Cells for Corzine, Soros, Waters, Paulson, Frank, Pelosi, No One

    12/03/2011 5:19:21 AM PST · by Kaslin · 11 replies
    Townhall.com ^ | December 3, 2011 | John Ransom
    Newt Gingrich made headlines in October because he suggested that Barney Frank and Chris Dodd should go to jail for authoring the so-called Dodd-Frank banking reforms. Taken together the “landmark” reforms look a lot like an Obama speech: very wordy, very partisan, but full of inaction, cross-purposes and the typical liberal confusion about economics, society and man. The legislation crafted by Dodd and Frank has reformed none of the systemic failures in our banking system, but it sure has made it harder for banks to loan money, or for you and me to buy a house. Much of the failure...