July 20, 2012 at 9:02 am
Has your bank raised its fees or stopped offering free checking accounts in the last couple of years? If so, you can thank the regulatory boondoggle that is the Dodd-Frank financial law. Since its passage two years ago tomorrow, the number of large banks that offer free checking has declined … More
July 21, 2011 at 6:11 am
The Senate Banking Committee welcomes Rep. Barney Frank (D-MA) to testify on the first anniversary of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The financial regulation bill has contributed to higher unemployment by imposing needless regulation on small and large financial institutions. It has deterred investment by imposing … More
March 7, 2011 at 9:59 am
Congressman Barney Frank (D-MA) recently asserted that there is a “potential alliance” forming between Progressive and Tea Party lawmakers on the issue of defense spending cuts. Others have also noted this opportunity: “Arguably, the new Tea Party push on defense spending merely echoes long-standing progressive attacks on the Pentagon budget … More
December 11, 2009 at 12:54 pm
As early as today, the House is set to approve Rep. Barney Frank’s (D-MA) financial regulation bill intended to prevent future Wall Street bailouts by granting regulators sweeping new powers to control firms deemed “too big to fail.” But as Heritage Senior Research Fellow David John explains below, the Frank … More
October 28, 2009 at 5:32 pm
The Treasury Department and House Financial Services Committee Chairman Barney Frank have just released a highly complex 253 page draft bill that is supposed to deal with questions ranging from indentifying and dealing with systemic risk facing the financial services system, regulating and closing failing “too big to fail” financial … More
October 27, 2009 at 9:44 am
October 26, 2009 at 11:01 am
Two House committees this week approved derivatives legislation that composes a significant part of the Obama Administration’s Financial Services reform plan. Remarkably, for a plan crafted significantly by uber-liberal Barney Frank (Chairman of the House Financial Services Committee), the bill is notably less bad than the Administration’s original proposal, but … More
August 5, 2009 at 9:29 am
The White House is losing the health care debate. Polls from National Public Radio, Wall Street Journal/NBC News, The Washington Post, Gallup, and Pew all show that the American people do not support President Barack Obama’s health care plan. The White House wants people to believe they are losing the … More
June 26, 2009 at 12:39 pm
Barney Frank, Chairman of the House Financial Services Committee has suggested that Fannie Mae and Freddie Mac, the now bankrupt housing finance giants, should relax their lending standards. This suggestion is farcical. One’s immediate reaction after the laughter has subsided might well be, “will we never learn?” For many years, … More
June 10, 2009 at 3:53 pm
On a blogger conference call this morning, Senator Lamar Alexander (R-TN) discussed a bill he introduced last week that would distribute the Federal government’s recently acquired GM and Chrysler stock to taxpaying Americans. “Instead of the Treasury owning 60 percent of shares in the new GM and 8 percent of … More