huffingtonpost.com - 1/12/2009
—
Barney Frank is willing to take Barack Obama at his word.
Frank introduced legislation at the end of last week that would have tied a number of strings to the second $350 billion in financial-industry bailout funds. But on Monday, he told fellow Democrats that he wouldn't push for passage of ...
thehill.com - 1/8/2009
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thehill.com —
House Financial Services Committee Chairman Barney Frank (D-Mass.)
said Thursday that President-elect Obama’s stimulus plan spends too...
much money on tax cuts for his taste. Frank said on NPR’s “Marketplace Morning Report” that he believes the spending ...
(more)
Frank: Too much tax-cutting in Obama’s plan
opencongress.org - 1/12/2009
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opencongress.org —
As leaders in Congress continue to work out
the details of the economic stimulus package with President-elect...
Barack Obama, congressional Democrats are pushing to attach new strings to the second $350 billion of financial bailout money. This week, ...
(more)
Frank Seeks New Conditions for Bailout Money
briefingroom.thehill.com - 1/8/2009
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briefingroom.thehill.com —
Rep. Barney Frank (D-Mass.) said that the economy
will have recovered by the summer of 2010 —...
in time for Democrats to reap political benefits before the midterm elections. "I think the recovery will begin later this year, and I think the ...
(more)
Frank: Economy Back to Normal By Summer 2010
Comments
Blog Reactions
Four Reasons to Oppose the Bush-Obama Request for Another $350 Billion Bailout
Open Left - Front Page —
... bonuses, it will still allow executives to pay themselves absurd salaries. Additionally, while it's good that Frank wants to force some of the new bailout money to be used to help homeowners, that money needs to be accompanied with bankruptcy law reform (ie. giving judges the power to renegotiate loans), so that the money isn't used to subsidize banks' bad loans and can be used in the most effective way that actually helps homeowners and the middle-class.
Of course, word today is that Frank is now backing off even his modest legislation, which leads us to reason 3. ...
A (Slightly Incendiary) Question For Readers: Deja Vu?
TPM Election Central —
... And even Frank (before HuffPo reported it) has already shown his unquestioning faith in the Obama team. Here's what he said Friday while introducing his own bill to provide oversight of the second $350 billion: ...
Progressive Breakfast: World According To TARP
LiberalOasis : The Blog —
... (ie. giving judges the power to renegotiate loans), so that the money isn't used to subsidize banks' bad loans and can be used in the most effective way that actually helps homeowners and the middle-class. Of course, word today is that Frank is now backing off even his modest legislation..." ...
The Wall Street Bailout, Part II: Bipartisanship or Buypartisanship?
Open Left - Front Page —
... and tell them to either fix this bailout, or vote no on it. We need a Congress that does it's job - not one that runs away cowering in a corner telling us, as Rep. Barney Frank (D-MA) did, to just "take Obama's word" that he'll spend the money appropriately. In other words, we need a Congress that doesn't outsource its job to the executive branch and and doesn't keep authorizing more kleptocracy.
Sirota: Four Reasons to Oppose the Bush-Obama Request for Another $350 Billion Bailout
The Latest on Air America —
... (ie. giving judges the power to renegotiate loans), so that the money isn't used to subsidize banks' bad loans and can be used in the most effective way that actually helps homeowners and the middle-class. Of course, word today is that Frank is now backing off even his modest legislation, which leads us to reason 3. REASON 3: Congress Still Abdicating Its Oversight Responsibilities To my knowledge, neither Frank nor Senate Banking Committee chairman Chris Dodd (D-CT) has put forward bills that would legislatively mandate exactly how the new bailout money is used, or even ...
COLUMN: That Old Saying In Tennessee
Open Left - Front Page —
... . Congress simply handing a president - any president, including Obama - a $350 billion blank check without any legislative mandate for transparency, oversight or direction, is a clear abdication of the legislative branch's constitutional responsibilities, regardless of platitudes about how much we should simply "trust" Obama more than Bush. ...
Related Content
What can we know?
pajamasmedia.com 2/3/2009 — Frank J. Tipler, Professor of Mathematical Physics at Tulane University and published author, argues that macroeconomists — and by implication the politicians who rely on their models — are flying blind because none of them work with any ...
Barney Frank Predicts Second Big 3 Bailout
wordpress.redstate.com 12/8/2008 — Barney Frank recently suggested that the Big 3 will need hundreds of billions in taxpayer money to get back on their feet. Today he informs us that the $15-$18 billion currently under discussion ought to be enough to get Detroit to February, at ...
The Word
theheretik.us 2/10/2009 —
And the word was made flesh. Never mind that some of the flesh may have taken a beating. Or two. Hidden in a New York Times bit about The New Media ( yay , New Media, yay ) was Obama’s answer to the question, “ Are you willing to rule out ...
Barney Frank Rick Warren Statement: "Very Disappointed"
huffingtonpost.com 12/19/2008 — Rep. Barney Frank (D-MA), one of only three openly gay members of the House of Representatives, released a statement harshly criticizing Barack Obama's decision to have Rev. Rick Warren deliver the invocation at his inauguration:
"I am very ...
Frank predicts second auto bailout in March
thehill.com 12/8/2008 — Rep. Barney Frank said Monday that the incoming Obama administration will likely explore a second, long-term bailout of automakers next March while saying an agreement on the first is nearly complete. The chairman of the House Financial Services ...
Rep. Frank says bailout funds must be for lending
reuters.com 10/31/2008 — WASHINGTON (Reuters) - Companies receiving public money under a U.S. government financial rescue program must use it for lending or they will be violating the law, the powerful chairman of the U.S. House of Representatives Financial Services Committee ...
Barney Frank is Offended
westernfrontamerica.com 12/27/2008 — Rick Warren's invitation to the inauguration has offended Barney Frank, and why shouldn't he be? A man with such an impeccable record of public service and home life surely doesn't want a man around who serves as a constant reminder of Congressman Frank's darker life and sins.
Obama to close Guantanamo Bay prison quickly —
CNN.com - Politics 1/12/2009
President-elect Barack Obama plans to close the U.S. military prison at Guantanamo Bay as early as his first week in office to show a break from the Bush administration's approach to the war on terror, according to two officials close to the ...
Burris approved for Obama's old Senate seat —
Reuters: Politics 1/12/2009
WASHINGTON (Reuters) - U.S. Senate officials on Monday approved Roland Burris to fill the Senate seat vacated by President-elect Barack Obama, which would give Democrats 58 of the Senate's 100 seats, their biggest majority since 1981.
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