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In The News
Dodd-Frank Would Have Rescued Lehman Creditors, FDIC Says
The Dodd-Frank Act would have enabled an orderly unwinding of Lehman Brothers Holdings Inc. that would have averted major losses by creditors and taxpayers, the Federal Deposit Insurance Corp. said in a report.
Republican Budget -- "It Cuts the Wrong Things"
Frank... said the budget includes $150 billion of American taxpayer money for Brazilian cotton farmers. He said he tried to cut the cotton money in an earlier budget debate and was told by Republicans that agricultural subsidies protect the food supply. He said his response was "How much cotton do you eat?"
Frank to Egypt: Return boys abducted from Newton
Congressman Barney Frank is calling on Egypt to release two young boys who were abducted from Newton by their mother and taken to the foreign country illegally in 2009.... “I’m just outraged that a father would be denied the right to be with his sons,” Frank told the TAB.
Mass Delegation -- Don't cut HUD Vouchers
The eleven Democrats in the Massachusetts delegation are urging congressional leaders to leave intact rental housing programs for the elderly and disabled, poor families, and veterans.
Who Will Rescue Financial Reform?
A direct assault on Dodd-Frank would be so blatantly biased toward banks that it would be sure to provoke a public backlash. So the Republican plan is to delay and disrupt reform.
Frank isn't buying case on Libya
But in an interview with POLITICO, Frank, the liberal congressman from Massachusetts, said “consultations are no substitute” for seeking Congress’s permission to go to war. “Consultations, schmonsultations,” Frank said.
Let's Fight for Elizabeth Warren
“The Tea Party people didn’t send people to Washington to defend derivatives," said Frank. "I think the fight over Elizabeth Warren would be worth having and I’m not sure how all the Republican senators would vote.”
Barney's Big Bill
Barney Frank wants to send Jamie Dimon, Steve Cohen and other Wall Street titans an additional $2.5 billion tax bill to fund programs aimed at helping homeowners and communities hardest hit by the foreclosure crisis.
Barney's big bill -- Frank wants $2.5 billion levy on banks
"This program provides important funding to cities that have already been hit by the foreclosure crisis and allows them to cope with the blight, expense and destabilization that come with the presence of large numbers of empty properties," Frank noted.
Frank wants Wall Street to pay for housing relief
Rep. Barney Frank wants hedge funds and major financial institutions to foot the bill for housing relief programs, under a new bill he introduced Thursday.