Barney "I tawt I taw a putie tat" Frank, United States Rep, Mass (D)Shameless posturing in preparation for the voting on Tuesday.
2008-10-31: Rep. Frank: bailout funds must be used for lending
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.
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.
"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, a Massachusetts Democrat, 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," he added.
Rebuttal at Market Ticker: Heh Barney Fife!
2008-09-30: Herald readers put blame on Barney Frank
Vote this stupid son-of-a-bitch out of office.
Video of Barney Frank clearly stating that he sees no evidence of safety of soundness issues in a report on Freddie Mac HAS BEEN REMOVED FROM YOUTUBE!!!
If somebody has access to the video, let me know where it is.
This one is back up:
Democrats Covering up the Fannie Mae, Freddie Mac and Economic Crisis
Here is an alternate video showingt the Democrat Coverup:
>>> Democrats Covering up the Fannie Mae, Freddie Mac <<<
This one is back up:
Democrats Covering up the Fannie Mae, Freddie Mac and Economic Crisis
Here is an alternate video showingt the Democrat Coverup:
>>> Democrats Covering up the Fannie Mae, Freddie Mac <<<
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