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  • Barney Frank

    Morning Bell: Deregulation Didn't Do It

    Listening to politicians on the left speak about the current financial turmoil, one gets the impression that when President Bush took office in 2001 there was a perfect financial regulatory system in place. Only since then, they claim, has it been systemically destroyed by the Bush administration. Speaker Nancy Pelosi … More

    Let's Get Congress Out of the Housing Market

    Defending $150 billion worth of unrelated tax benefits that Congress stuffed into the already $700 billion Wall Street bailout bill, Rep. Barney Frank (D-MA) told the International Herald Tribune: “If you don’t want politics in this process, you probably shouldn’t be handing it over to 535 politicians. That’s democracy.” We … More

    Heavily Edited from New York, Its Saturday Night!

    NBC has re-posted that Wall Street bailout skit we mentioned before. NBC says they yanked the skit due to their ‘standards‘ but the Los Angeles Times notes: In the skit, a parody of a C-SPAN news conference replay, the Sandlers express puzzlement over why Pelosi invited them as victims because … More

    Oh, It's 'Lousy' All Right

    We weren’t the only ones flabbergasted by David Broder’s recent praise for the National Housing Trust Fund. Cato Institute adjunct scholar Arnold King writes at EconLog: Broder helped ruin my day in a number of ways. First, he reminded me about this program, which I had only seen in early … More

    Morning Bell: What's the Worst Part of This Bill?

    Today the Senate is scheduled to vote on the housing bailout bill that has been circulating on Capitol Hill for so long its title today is simply “a bill to provide needed housing reform and for other purposes.” When a bill’s title includes the phrase “and for other purposes,” you know … More

    Bank of America Drafted Dodd's Housing Bailout Bill

    The Washington Examiner has obtained a “confidential and proprietary” document produced by Bank of America and titled “FHA Housing Stabilization and Homeownership Retention Act of 2008.” The “Discussion Document” dated March 11, 2008, closely resembles the housing bailout bill drafted by Sen. Chris Dodd (D-Conn.) that the Senate is set … More

    Morning Bell: Slush Funds for Reform Hostages

    Just like any organized crime group, the Association of Community Organizations for Reform Now (ACORN) has a long and established history of using fraud, deceit and intimidation to achieve its goals. ACORN uses intimidation to shake down corporations for operating funds, deceives its own employees into supporting causes they don’t … More

    Why Is Congress Risking Billions to Save Nothing?

    This week the House is set to pass legislation to help homeowners who spent too much on their homes avoid foreclosure. From the beginning, the bill’s architects have been ambivalent about how many people their plan would actually help. Over a month ago Rep. Barney Frank told The Hill it … More