FoxNews: Ethics Panel Says 'Sorry, Charlie, No Deal'
Posted by admin / Under Frank Mazzuca
... Rep. Michael McCaul, R-Texas, ranking member on the House Committee on Standards of Official Conduct, said Rangel was given an opportunity to settle charges during the investigative process, and that time has passed. "Let me be clear that Mr. Rangel under these rules was given opportunities to negotiate a settlement during the investigation. Let me be clear that I did not participate in any attempts to cut a back room deal behind closed doors," McCaul said at the start of a hearing on possible corruption charges. McCaul said it's not lost on any member of the panel that the...
Published on Friday 30th of July 2010 01:47:44 AM
Rep. Barney Frank Causes Scene Demanding Discount
Posted by admin / Under Frank Mazzuca
Massachusetts Congressman Barney Frank caused a scene when he demanded a $1 senior discount on his ferry fare to Fire Island's popular gay haunt, The Pines, last Friday. Frank was turned down by ticket clerks at the dock in Sayville because he didn't have the required Suffolk County Senior Citizens ID.
Published on Friday 30th of July 2010 01:47:44 AM
Caption Obama signing Financial Reform (government control) bill
Posted by admin / Under Frank Mazzuca
President Barack Obama promised the American people would never again have to foot the bill for the fall-out from the banking industry as he signed into law the most wide-ranging overhaul of US financial regulations since the 1930's.
Published on Friday 30th of July 2010 01:47:44 AM
Video: Fannie Mae, Countrywide’s mutual backscratching
Posted by admin / Under Frank Mazzuca
Color me a little surprised that CBS covered this story this week — and credit it to Rep. Darrell Issa (R-CA), who has doggedly “followed the money” in this scandal for the last two years. While we knew about the Friends of Angelo program that counted Chris Dodd and others on Capitol Hill among its beneficiaries, the scale of the income involved for Fannie Mae execs and their reach within government is certainly worth a much closer look.
Published on Friday 30th of July 2010 01:47:44 AM
Congress Should Take Up $90 Billion Bank Tax, Barney Frank Says
Posted by admin / Under Frank Mazzuca
Congress Should Take Up $90 Billion Bank Tax, Frank SaysBy Alison Vekshin Friday, July 16, 2010; 3:59 PM Frank said Treasury Secretary Timothy F. Geithner had urged him not to look for bank fees, which Frank had sought to help pay for the legislation, because the administration plans a major push for a broader tax. "I don't understand how members can say they're for reducing the deficit and then let Goldman Sachs and JPMorgan Chase off the hook entirely. They were the major beneficiaries of the intervention," Frank, the chairman of the House Financial Services Committee, said today in an...
Published on Friday 30th of July 2010 01:47:44 AM
Scott Brown Sells Out
Posted by admin / Under Frank Mazzuca
On the evening of Scott Brown’s election, I wrote that among the reasons for his victory was resentment of “a host of actions to prop up Wall Street firms at the expense of taxpayers.” Who would have thought that less than six months later Brown would cast the decisive vote in favor of legislation that institutionalizes Wall Street bailouts, and whose sponsors — Christopher Dodd and Barney Frank — played key roles in bringing on the meltdown, not to mention representing everything that is sleazy and corrupt about Washington. If Brown wasn’t running against Barney Frank when he railed against...
Published on Friday 30th of July 2010 01:47:44 AM
Racial quotas in Dodd-Frank financial regulatory bill
Posted by admin / Under Frank Mazzuca
The Dodd-Frank financial regulatory bill, ostensibly aimed at reforming Wall Street and preventing a future financial crisis, will impose racial and gender quotas on financial institutions if passed, according to economist Diana Furchtgott-Roth. Section 342 of the bill will establish Offices of Minority and Women Inclusion in at least 20 federal financial services agencies. These offices will be tasked with implementing “standards and procedures to ensure, to the maximum extent possible, the fair inclusion and utilization of minorities, women, and minority-owned and women-owned businesses in all business and activities of the agency at all levels, including in procurement, insurance, and...
Published on Friday 30th of July 2010 01:47:44 AM
<B>The Uncertainty Principle</b>Dodd-Frank will require at least 243 new federal rule-makings.
Posted by admin / Under Frank Mazzuca
So Republicans Scott Brown, Olympia Snowe and Susan Collins now say they'll provide the last crucial votes to get the Dodd-Frank financial reform through the Senate. Hmmm. Could this be Minority Leader Mitch McConnell's secret plan to take back the Senate, guaranteeing another year or two of regulatory and lending uncertainty and thus slower economic growth? Probably not, but that still may be the practical effect. This week White House aides leaked to the press that President Obama may seek a review of regulations that are restraining business confidence and bank lending. Yet Dodd-Frank, with its 2,300 pages, will unleash...
Published on Friday 30th of July 2010 01:47:44 AM
Feingold is only Dem. against finance reform bill
Posted by admin / Under Frank Mazzuca
<p>MILWAUKEE—When the U.S. Senate votes in the next few days on the controversial financial reforms backed by President Barack Obama, Wisconsin's Sen. Russ Feingold is expected to be the only Democrat voting against it.</p>
Published on Friday 30th of July 2010 01:47:44 AM
Two Congressmen, Both Democrats, Ask Obama to Dismiss His NOAA Administrator
Posted by admin / Under Frank Mazzuca
(CNSNews.com) - Reps. Barney Frank and John Tierney, both Massachusetts Democrats, say Dr. Jane Lubchenco, the head of the National Oceanic and Atmospheric Administration, has shown hostility to the concerns of fishermen and should step down. Among other problems, a recent inspector-general’s report found problems with the way NOAA’s Office of Law Enforcement spent money raised through fines and penalties on fishermen. Frank and Tierney – both of whom represent port cities in Massachusetts -- say tensions between Lubchenco and the fishing community have been building for months and show no sign of abating. They place the blame squarely on Lubchenco,...
Published on Friday 30th of July 2010 01:47:44 AM
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