reuters.com - 10/31/2008
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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 said on Friday. "Any use of the these funds ...
southcoasttoday.com - 10/24/2008
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southcoasttoday.com —
Steve Urbon NEW BEDFORD — After the November
election, Democrats will push for a second economic stimulus...
package that includes money for the states' stalled infrastructure projects, along with help paying for healthcare expenses, food stamps and ...
(more)
Frank envisions post-election stimulus from Democrats
voices.washingtonpost.com - 11/6/2008
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voices.washingtonpost.com —
By Al Kamen Not everyone in the White
House is taking the news of Barack Obama's victory...
with aplomb. Reuters television White House correspondent Jon Decker reports that President Bush's dog Barney, going on a walk this morning on the North Lawn, let ...
(more)
Barney Gets Territorial
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Frank: Bailout Funds are for Lending
Calculated Risk —
From Reuters: Rep. Frank: bailout funds must be used for lending (hat tip Yal) "I am deeply disappointed that a number of financial institutions are distorting the legislation that Congress passed at the president's request to respond to the credit crisis by making funds available for increased lending," Rep. Barney Frank said in a statement. "Any use of the these funds for any purpose other than lending -- for bonuses, for severance pay, for dividends, for acquisitions of other institutions, etc. -- is a violation of the terms of the Act." But money is fungible, so how do ...
Barney Frank “WAAAAAAH, Paulson is using the authority I wrote into the bill”
Firedoglake —
... But, he's absolutely wrong when he says "Any use of the these funds for any purpose other than lending -- for bonuses, for severance pay, for dividends, for acquisitions of other institutions, etc. -- is a violation of the terms of the act". ...
Related Content
Frank Talk
mudvillegazette.com 10/27/2008 — Barney Frank on defense in a home state paper : In a meeting with the editorial board of The Standard-Times, Rep. Frank, D-Mass., also called for a 25 percent cut in military spending, saying the Pentagon has to start choosing from its many weapons ...
Destroying From Within...
tpmcafe.talkingpointsmemo.com 10/31/2008 — So many valuable ideas have been advanced in response to my initial post that it's hard to choose which to address. But I do want to say that Andrew Bacevich's whimsical suggestion of a Pentagon run by Barney Frank is not as far-fetched as it might ...
Video: Barney Frank wants more taxes
hotair.com 10/21/2008 — Suddenly, with Barack Obama pitching almost a trillion dollars in new spending, leading Democrats see nothing wrong with deficit spending. [...] Read the rest »
Barney Frank: Big 3 Will Need Lots More Money
redstate.com 11/20/2008 — He Admits It May Run Into the Hundreds of Billions
NPR's Morning Edition featured a very interesting interview with
Chairman Barney Frank this morning. In it he asserted that the $25
billion that the Big 3 is now seeking is definitely not enough ...
Frank is new target of McCain on the trail
boston.com 10/29/2008 — FAYETTEVILLE, N.C. - Much of John McCain's stump speech is devoted to warning voters about the fiscal dangers that would accompany a Barack Obama presidency, but lately McCain has been picking on a lower-profile bogeyman to make his case.
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 ...
Frank is new target of McCain on the trail - The Boston Globe
boston.com 10/29/2008 — FAYETTEVILLE, N.C. - Much of John McCain's stump speech is devoted to warning voters about the fiscal dangers that would accompany a Barack Obama presidency, but lately McCain has been picking on a lower-profile bogeyman to make his case. "And he ...
Bart Debie and Frank Vanhecke
gatesofvienna.blogspot.com 11/1/2008 — I just received an email from Paul Belien of the Brussels Journal with an update about Bart Debie and the connection between Mr. Debie’s case and that of Frank Vanhecke. When you look at what has happened to these two men, a pattern emerges. These are ...
In Tightfisted Turn, Economy Contracts —
Wash Post In Congress 10/31/2008
Through recession, countless natural disasters and a major terrorist attack, there has been one constant in the U.S. economy: American consumers have bought more stuff in any given quarter than they did in the previous one.
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