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  • Barney Frank

    Morning Bell: The People Spreading "Disinformation" About Obamacare

    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

    Barney Frank Calls For Bigger Losses at Fannie and Freddie

    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

    Sen. Alexander (R-TN) Wants to Give Govt's GM, Chrysler Shares Back to Taxpayers

    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

    Seizure Plan Seizes Up: Frank Delays Financial Institution Receivership Plan

    The Obama Administration tried to portray the plan as no big deal, akin to simply filling in a loophole. The idea was to provide the FDIC with authority to seize failing “non–banK” financial institutions such as holding companies, insurance firms and hedge funds, similar to the powers they already have … More

    The Real "Ever-Expanding" Threat to Fiscal Sanity

    Congressman Barney Frank met with reporters recently to further voice support for the $700 Billion TARP allocation while concurrently hinting at the need for defense cuts. In his statement, the Congressman said, “The biggest ongoing threat, I believe, to fiscal sanity in this country is an open-ended ever-expanding military budget.” … More

    No Contradiction Here

    CNBC’s Maria Bartiromo has a must read interview with Rep. Barney Frank (D-MA) in Business Week. Bartiromo asks: Should GM (GM) acquire Chrysler? I’m not competent to say. I try to resist the temptation that too many of us in politics and the media fall into, which is telling people … More

    Don't Play Pelosi's Head Games

    At first Speaker Nancy Pelosi (D-CA) said she would never support an auto bailout bill that used money originally set aside to help Detroit develop fuel-efficient vehicles. But she relented. Then Pelosi claimed she wouldn’t support a bailout bill unless the Big Three promised to drop their lawsuit against California’s … More

    Morning Bell: Do You Trust Congress to Run the Auto Industry?

    Both the House and the Senate are set to gavel back into session this week, and both chambers’ first order of business will be a proposed bailout for Detroit’s Big Three: General Motors, Ford and Chrysler. Rep. Barney Frank (D-MA) and Sen. Carl Levin (D-MI) will introduce legislation to carve … More

    Bigger Government, Higher Taxes and Weak National Defense: New Liberal Agenda Is Actually Old

    With the election still a week away, Congressman Barney Frank (D-MA), chairman of the House Financial Services Committee, is already setting the stage for drastic cuts in defense spending, higher taxes, and bigger government. In a meeting with the editorial board of The Standard-Times, a local Massachusetts newspaper, Rep. Frank … More

    Nice Little Hedge Fund You Have There...

    …it would be a shame if something should happen to it. Gangsters threatening those who fail to knuckle under are rarely so unsubtle as Friday’s letters to two hedge funds from the Chairs of the House Financial Services Committee and its subcommittees. Based on an article in the New York … More