8 Comments

  • Too obvious a pun:

    Well, Mr. Frank…..your ignorance is par for the course.

  • Oh, I don’t think Rep. Frank (D-MA) is anything short of being smart as a whip. That letter was purely for show. I believe his constituents suffer from battered voter syndrome which explains why they stick with him after all the **** he’s pulled.

  • I think Mr. Frank is reponding to the emotional pressures from his constiuents. The public in general has no idea how financial institutions work beyond there personal interations with them Almost all value of many institutions has gone away, yet we hear that there have been bailouts of the insttutions.

    Mr. Frank seems to understand the roll of letting financial actors avoid good sense regulation, and the folly of not having reserve requirements for credit default insuance. I like the guy. What actually made matters so bad was having George W. Bush run up budget deficits when the nation needed to save. He mortgaged more future than he should have to foreign economies.

  • […] unhealthy banks also taking federal money would not thereby be stigmatized as a result) are being harassed by liberal lawmakers like Barney Frank (D-Mass.) for spending much smaller sums on deserving managers and employees, and […]

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  • […] tax on bonuses at banks that received federal funds — even though some of those banks are healthy and accepted federal TARP money under federal pressure so that unhealthy banks that also took TARP […]

  • […] tax on bonuses at banks that received federal funds. He did so even though some of those banks are healthy and accepted federal TARP money under federal pressure so that unhealthy banks that also took TARP […]