Barney Frank Won't Run For Reelection (Laura Ingraham On Twitter-no other confirmation)

Twitter/IngrahamAngle ^ | 04/09/2010 | Laura Ingraham

[a fool in paradise]

We had innept security officials who suddenly became banking experts and got millions for their efforts (Louis Freah and Jamie Gorelick). Makes sense for Barney Frank to make a grab for some cash and do more damage to the profession.

[Paradox]

Surely this must be a joke by Laura...

[Doogle]

got that right

[Artcore]

Good, bring him BEFORE Congress to testify under oath about the banking crisis he helped create.
___________________________________________________________________________

Good point!

When we take power back, I want that entire 2008 financial fiasco investigated!

Screw the Bush “New Tone” crap...I want these creeps punished!

[a fool in paradise]

NA NA NA NA
NA NA NA NA
HEY HEYYY
GOODBYE

[truthkeeper]

Aww...no more lisping banking queen parodies? Shucks! :-)

[ohioWfan]

Nope. Stevens is RETIRING

[WhistlingPastTheGraveyard]

They’re going to run a bunch of new radicals and pretender they’re moderates.

We’re seeing it with the gubanatorial candidates in Pennsylvania... Democrats talking about cutting spending and shrinking the size of government... the strategy is to have fresh-faced Marxists with no track records run as far to the right as they can get away with.

If America buys this snake oil, America dies.

[matginzac]

Good call - the Credit suisse head honcho is a big golf buddy of obummer’s...

[firebrand]

“Oh, it’s a good day
for losing the blues . . .”

[AngelesCrestHighway]

That would be a special vacation for Barney.

Hours in the shower!....

[a fool in paradise]

http://www.nytimes.com/2003/09/11/business/new-agency-proposed-to-oversee-freddie-mac-and-fannie-mae.html?pagewanted=all
New Agency Proposed to Oversee Freddie Mac and Fannie Mae
By STEPHEN LABATON
Published: September 11, 2003

WASHINGTON, Sept. 10— The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago.

Under the plan, disclosed at a Congressional hearing today, a new agency would be created within the Treasury Department to assume supervision of Fannie Mae and Freddie Mac, the government-sponsored companies that are the two largest players in the mortgage lending industry.

The new agency would have the authority, which now rests with Congress, to set one of the two capital-reserve requirements for the companies. It would exercise authority over any new lines of business. And it would determine whether the two are adequately managing the risks of their ballooning portfolios.

The plan is an acknowledgment by the administration that oversight of Fannie Mae and Freddie Mac — which together have issued more than $1.5 trillion in outstanding debt — is broken.

...

‘’These two entities — Fannie Mae and Freddie Mac — are not facing any kind of financial crisis,’’ said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ‘’The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.’’

Representative Melvin L. Watt, Democrat of North Carolina, agreed.

‘’I don't see much other than a shell game going on here, moving something from one agency to another and in the process weakening the bargaining power of poorer families and their ability to get affordable housing,’’ Mr. Watt said.

[matginzac]

Boy, is this Christmas in April? These rats are running scared and the MSM will NEVER call it...Pravda rules...

[Oldeconomybuyer]

Fwanks saw the whiting on the wall.

[concerned about politics]

Bawney Fwank won't run for re-election.

They almost(?) destroyed the greatest country in the world with their wasteful social programs and vote buying, and now they're running away like sewer rats.

[Mr. Jazzy]

Sorry. Won’t believe it until I hear his spittle covered lips sputtering the words.

Lord, what a revolting image I just created in my mind.

[Rational Thought]

Agreed. But, Ingraham is a pretty reliable source.

[Repeat Offender]

Put him in a female prison.... this isn't supposed to be pleasure cruise!

Of course if he did 15-20 in a female pen.... he may be the first and only prisoner ever actually rehabilitated.

He'll still be corrupt as all git out, but rehab'd none the less.

[a fool in paradise]

Lawmaker Accused of Fannie Mae Conflict of Interest (Fox New October 03, 2008)

Unqualified home buyers were not the only ones who benefitted from Massachusetts Rep. Barney Frank’s efforts to deregulate Fannie Mae throughout the 1990s.

So did Frank’s partner, a Fannie Mae executive at the forefront of the agency’s push to relax lending restrictions.

Now that Fannie Mae is at the epicenter of a financial meltdown that threatens the U.S. economy, some are raising new questions about Frank's relationship with Herb Moses, who was Fannie’s assistant director for product initiatives. Moses worked at the government-sponsored enterprise from 1991 to 1998, while Frank was on the House Banking Committee, which had jurisdiction over Fannie.

Both Frank and Moses assured the Wall Street Journal in 1992 that they took pains to avoid any conflicts of interest. Critics, however, remain skeptical.

"It’s absolutely a conflict," said Dan Gainor, vice president of the Business & Media Institute. "He was voting on Fannie Mae at a time when he was involved with a Fannie Mae executive. How is that not germane?