Barney Frank

Barney Frank Happy That Government Will Determine Executive Compensation

Everyone's favorite populist Robin Hood (in tights) for the common (Wall Street) man, chimes in on Geithner's latest initiative to allow much more governmental (SEC) intervention in pay determination. Also amusing is how Frank throws Geithner under the bus. There seems to be a pretty concerted political push against TTT now: the Summers camp must not be happy. Regardless, Frank is boldly spearheading an initiative for full socialization of exec comp - 5 year plenary sessions to be introduced to discuss the effectiveness of these shortly.

Paging Barney Frank: AIG Paid 3x More In Bonuses

Let's recall what the magical bonus number was that caused Barney Frank to almost get a lynch mob armed and ready to march on Wall Street: $165 million in retention bonuses.

Barney Frank Takes Delorian Back To 2002

In yet another piece of revisionist brilliance, the pillar of intellectual fortitude formerly known as Barney Frank has passed legislation that will.... lower credit card interest rates.

Yes, ladies and gentlemen, this horrific deja vu is truly a massive glitch in the administration's matrix. Let's recap:

1) ZIRP (that's Zero Interest Rate Policy for you lucky souls who do not know this acronym)... yes, not even Greenspan sunk so low
2) Promotion of rampant TALFage, aka securitization

Barney Frank Declares War On Moody's

This one is looney tunes prime time material. Populist champion for the people, Barney Frank who earlier started war on mark-to-market and republicans, has added a new front to his offensive: Moody's rating agency.

Barney Frank Declares All Out War On Republicans

Earlier Barney started war on Mark To Market. Now he is expanding to two fronts, crossing the Volga river deep into republican territory. Just want to pointed out that the whole two-front thing did not work out too well for Germany.

For astute readers, the challenge is to spot the 10 occurrences of hypocricy in the Chairman's most recent populist missive.

Barney Frank Applauds FASB's Murder Of MTM

A letter sent out by the House Committee on Financial Services. Presented without comment.

Frank Statement on FASB Ruling on Mark-to-Market

Washington, DC – House Financial Services Committee Chairman Barney Frank (D-MA) today issued the following statement on the Financial Accounting Standards Board’s ruling on mark-to-market accounting:

Barney Frank Seeks Antidote To Republican Amnesia

Or such is the title of the letter just sent out by the House Committee on Financial Services in which the Democrat-GOP squabbles take on a new and heated flair, compliments of Barney. Seems the purpose for the letter is borne out of criticisms of Frank that he personally did not pass any legislation to regulate Fannie and Freddie until 2007, his claims in 2003 that FNM and FRE were not in crisis, and his lack of attempts to restrict subprime lending between 1994 and 2007.