Posted on 03/13/2023 7:05:32 AM PDT by ChicagoConservative27
Former Rep. Barney Frank (D-MA), author of the 2010 Dodd-Frank bill, sat on the board for Signature Bank which collapsed in the wake of the Silicon Valley Bank (SVB) implosion.
The U.S. Treasury Department, the Federal Reserve, and the Federal Deposit Insurance Corporation (FDIC) announced in a joint statement on Sunday the plan to manage the fallout of SVB’s collapse as well as the demise of Signature Bank. “Today we are taking decisive actions to protect the U.S. economy by strengthening public confidence in our banking system,” the joint statement read. “This step will ensure that the U.S. banking system continues to perform its vital roles of protecting deposits and providing access to credit to households and businesses in a manner that promotes strong and sustainable economic growth.”
(Excerpt) Read more at breitbart.com ...
He has always been a destructive force.
Barney Frankfurter.
The ‘Frank’ of Dodd-Frank......................
Sallie Mae????
Yep, and now this. Maybe he should stop getting involved in serious matters.
Economic wreckage always follows in Barney Franks wake.
I’ve sure he got any dough he may have had invested out a week or two ago, with the rest of the grifters.
You know Rush would play “Banking Queen” on his show today. Miss him.
He was the huge champion of “subprime” mortgages for people who could not pay them starting nearly 25 years ago. He almost single-handed lay caused the 2008 near-meltdown of the banking system and many people losing their life savings.
I prefer not to think about the things on which Barney Frank sat.
That headline paints an ugly mental pic.
Faggots will faggot.
We sure don’t miss Bawney Fwank.
Is that walking rectal speech impediment still around?
Barney Frank earned more than $1 Million as SVB board member. A profitable gig for him.
You have to ask why is someone like Barney Frank or Hillary Clinton on a board of directors. I used to read the reports for the stocks I owned. Companies like Walmart often had people like Hillary Clinton on their board. Yet, you’d read the report of board meetings and she never attended. But she was paid significant sums for being on the board. I once had the opportunity to speak to someone who had sat on a couple of corporate boards about this. He said, “Suppose you’re Walmart and somebody like Louis Farrakhan, or Jesse Jackson tries to shake you down. And that’s their business. They threaten corporations and corporations donate to their non-profits a certain amount of bribe money. If that happens you call Hillary, and she calls them and tells them to go shake down someone whose board she isn’t on. This works because there’s a certain camaraderie between thieves. They don’t poach on each other’s territory. The same thing with environmental activists and other social activists.”
“...Economic wreckage always follows in Barney Franks wake...”
Well, he is a MassHole from MassHoleLand....whadda ya expect?....LOL
That’s not all Barney sat on.
Figures.
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