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Rep. Barney Frank said Monday he is pushing a proposal to use some of the interest the government collects from the financial industry bailout to give loans to unemployed homeowners struggling to pay the mortgage.
Democratic Rep. Barney Frank took a dig Friday at the Republican lawmaker who organized a protest by conservatives against health care legislation.
The House Financial Services Committee has voted to give federal regulators more power and money to police major players in the stock market.
Rep. Barney Frank, the tough-talking liberal ushering through a major rewrite of rules governing Wall Street, sounded a warning shot on Thursday to big banks: Start playing nice or Congress will make your life even more difficult.
Ceding ground amid growing business opposition, the Obama administration on Wednesday signaled a willingness to exempt retailers, real estate brokers, lawyers, auto dealers, cable companies and accountants from oversight of its proposed Consumer Financial Protection Agency.
Massachusetts Rep. Barney Frank's latest town hall meeting on health care reform was much calmer than one last month, when a protester held a poster portraying the president as Hitler.
Rep. Barney Frank lashed out at protester who held a poster depicting President Barack Obama with a Hitler-style mustache during a heated town hall meeting on federal health care reform.
Massachusetts Rep. Barney Frank called Supreme Court Justice Antonin Scalia a "homophobe" in a recent interview with the gay news Web site 365gay.com. The Democratic lawmaker, who is gay, was discussing gay marriage and his expectation that the high court would some day be called upon to decide whether the Constitution allows the federal government to deny recognition to same-sex marriages.
President Barack Obama is defending his decision to wait a few days before expressing his anger over the bonuses paid out to executives at troubled insurer AIG.
Congressional Democrats vowed Tuesday to all but strip AIG executives of their $165 million in bonuses as expressions of outrage swelled in Congress over eye-catching extra income for employees of a firm that has received billions in taxpayer bailout funds.
New York Attorney General Andrew Cuomo filed a request Wednesday asking a judge to end a temporary confidentiality order that keeps private the details of bonuses paid to Merrill Lynch & Co. employees just before the firm was sold to Bank of America Corp.
Rep. Barney Frank asserted Thursday that the Obama administration can be more trusted than the Bush administration to ensure that banks do not misuse money they get from a $700 billion bailout fund.
Rep. Barney Frank is challenging the banking industry to work harder to fix a failing system, saying there is "a great deal of anger" across the country.
Rep. Barney Frank said Monday that Republican criticism of Democrats over the nation's housing crisis is a veiled attack on the poor that's racially motivated.
In a stunning vote that shocked the capital and worldwide markets, the House on Monday defeated a $700 billion emergency rescue for the nation's financial system, ignoring urgent warnings from President Bush and congressional leaders of both parties that the economy could nosedive without it. The Dow Jones industrials plunged nearly 800 points, the most ever for a single day.
Rep. Barney Frank said the trailing Democratic presidential candidate should drop out of the race by no later than June 3 — the date of the two last Democratic primaries — even if it is the candidate he supports, Sen. Hillary Rodham Clinton.
The 15 Biggest Congressional Recipients Of Wall Street Campaign CashReforming Wall Street is a hot topic on Capitol Hill these days. Congress is currently weighing two financial reform bills that would, to varying degrees, reshape the way the financial system is regulated.
The 15 Biggest Congressional Recipients of Wall Street Campaign CashReforming Wall Street is a hot topic on Capitol Hill these days. Congress is currently weighing two financial reform bills that would, to varying degrees, reshape the way the financial system is regulated.
DADT Likely to Be Part of Defense BillRepealing "don't ask, don't tell" will likely be included as part of next year's Department of Defense authorization bill in both chambers of Congress, Congressman Barney Frank, a Massachusetts Democrat, said Wednesday.
Bernanke Resists Audit of the Fed.With the Federal Reserve under more intense attack than at any time in decades, Ben S. Bernanke, the professorial chairman of the central bank, was schooled last month in how to handle the increased political demands of his job.
Fox News Boston's marijuana hit piece on Barney FrankFox News Boston must be high if they think America cares about marijuana any more.
Barney Frank Present When Partner Arrested for Pot - FOXNews.comAug. 7, 2007, Barney Frank plus Partner plus pot plus bust....and we're just now finding out about it. Thanks PopMedia.
I have listened to Pundits on both sides of the aisle;Republican and Democrat(Although these guys are more socialist now,but they won't call themselves that because of the stigma attached.), and this is one of the reasons I do not believe in the Democratic Party anymore.
As Aesop's story goes, a man and his boy had been walking to the market with their donkey. On the way, they encountered a man that told them how foolish of them to walk when they could, in fact, ride the donkey.
Do Dodd or Frank Care Why TARP Failed?Now that the truth is beginning to dribble out about the Troubled Asset Relief Program - the Government Accountability Office's eagle-eyed auditors said they found no evidence that it prevented a financial meltdown a year ago - this $700 billion monument to political posturing sh …
President Obama to (Finally) Address "To Big to Fail"Reuters has reported this afternoon that the President will soon write letters to Sen. Chris Dodd, Senate banking committee chair, and Rep.
Elizabeth Warren: We Have Consumer Protection For Toasters In This Country But Not For Mortgages and Credit Cards (Interviews and Video From Michael Moore's New Film)The House Financial Services Committee passed a watered-down version of the proposed Consumer Financial Protection Agency Thursday morning. In the words of Financial Services chairman Barney Frank: "We have restricted the CFPA from what the administration proposed."
House Financial Services Committee Considers Regulating Industries That Heavily Fund Members' CampaignsHere are the top 20 recipients on the House Financial Services Committee of contributions from the PACs and employees of the financial sector (including donations to lawmakers' leadership PACs and candidate committees since 1989):
House Financial Services Committee Approves Legislation Regulating OTC Derivatives MarketsThe House Financial Services Committee has approved legislation that would, for the first time ever, require the comprehensive regulation of the over-the-counter (OTC) derivatives marketplace.
Peter J. Wallison: Barney Frank, Predatory Lender The common belief is that the credit meltdown was caused by a lack of regulations in the financial sector. The true cause was governmental interference and irrational regulations.
Ever since Roger and Me (1989), I have loved the work of Michael Moore. No one else has chronicled the screwing of America by the rich and powerful as beautifully as the kid from Flint, Michigan.
Rep. Frank says DC gay march "waste of time at best"WASHINGTON – Rep. Barney Frank, the first openly gay member of Congress, says he'd rather see gay rights supporters lobbying their elected officials than marching in Washington this weekend, calling the demonstration "a waste of time at best."
Fed Weighs Naming BorrowersThe Federal Reserve, under pressure from Congress to be more transparent, is "giving serious consideration" to releasing the names of firms that receive loans from the central bank, a top Fed official said Friday.
Barney Franks Pares Back Consumer ProtectionWASHINGTON (CNN) -- Financial consumers would have fewer protections than originally envisioned under a draft of a bill being circulated on Capitol Hill.
Rep. Frank: House will Pass Ron Paul Audit the Fed Bill this YearPowerful House Financial Services Committee chairman says central bank's lending powers to be 'curtailed'
Blue Dog Democrats Look To Scrap Obama's Idea for a Consumer Financial Protection AgencyBlue Dogs and other conservative Democrats — uneasy with a key element of President Barack Obama's plan to regulate Wall Street — are rallying around an alternative proposal that scraps the consumer financial protection agency the president has been pushing.
Openly gay Democrat: Repealing DOMA now 'could complicate matters'"I do think [the bill] can complicate things electorally for Members," Frank said, according to Roll Call on Thursday. "People will interpret this as exporting marriage. That could complicate matters."
I remember when there were two young reporters who were informed by an FBI employee, an informant who called himself DeepThroat.
Obama warns Wall Street not to block tighter regsNEW YORK (AP) - Lecturing Wall Street on its own turf, President Barack Obama warned financial leaders not to use the recovering economy to race back into "reckless behavior" that could cause a new meltdown. He declared that a bailout-weary public will not break their fall again.
Barney Frank Considers Cramdown LawFrank, chairman of the House Committee on Financial Services, said Congress should revisit the issue of allowing bankruptcy judges to modify mortgages if the banking industry does not increase the pace of its help to homeowners, The Washington Post reported Thursday.
Lessons Unlearned By Investor's Business Daily Regulation-- A year after Lehman Bros. went bankrupt, Washington plans sweeping new reforms of the financial markets. Based on what's been revealed so far, our leaders have learned nothing from that crisis.
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