All Posts Tagged With: "Barney Frank"
Now This Is News
From the Wall Street Journal (subscription site): Barney Frank has been all over the airwaves this week with a clear and—we never thought we’d say this—perfectly sound message about Fannie Mae and Freddie Mac: “They should be abolished.” Considering that Frank has been one of the principal backers and beneficiaries of the so-called government-sponsored enterprises, [...]
19Aug2010 | Sheldon Richman | 4 comments | ContinuedRegulatory Magic
President Obama has signed the financial industry regulatory overhaul – officially, the Dodd-Frank Wall Street Reform and Consumer Protection Act. Predictably, what he said about it cannot possibly be true.
23Jul2010 | Sheldon Richman | 15 comments | ContinuedMore Fun with Fannie and Freddie
From today’s Wall Street Journal editorial page: Back when the housing mania was taking off, Massachusetts Congressman Barney Frank famously said he wanted Fannie Mae and Freddie Mac to “roll the dice” in the name of affordable housing. That didn’t turn out so well, but Mr. Frank has since only accumulated more power. And now [...]
24Jun2009 | Sheldon Richman | 0 comments | ContinuedWho Watches Our Guardians?
Predictably, the leading inquisitors into the causes of the financial turmoil are themselves among the most culpable: Rep. Barney Frank, Sen. Chris Dodd, and New York Attorney General Andrew Cuomo. AIG got into trouble because it in effect wrote insurance policies (credit default swaps) against the failure of securities based on mortgages, many of which were waiting to blow up when the housing bubble burst. Who created the housing bubble?
21May2009 | Sheldon Richman | 1 comment | ContinuedBarney Frank Gets a Little Heat
Rep. Barney Frank, one of the most vigorous advocates of using Fannie Mae and Freddie Mac to encourage subprime mortgage lending, got a little hot under the collar yesterday when a Harvard student asked if he was willing to accept any responsibility for the financial crisis, which has its roots in a housing policy based [...]
8Apr2009 | Sheldon Richman | 1 comment | ContinuedTGIF: Crocodile Tears over AIG
If politicians spill any more crocodile tears over AIG, the EPA might have to declare Washington, D.C., a protected wetland. Sweep aside the phony expressions of “outrage” over AIG’s government-financed $165 million in bonuses (the information was in black and white) and ask yourself this: Who supplied the money? The rest of this week’s TGIF [...]
20Mar2009 | Sheldon Richman | 0 comments | Continued-
The Latest
Contraception: Insuring the Uninsurable
Update below. Controversy rages over the Obama administration’s mandate that all employers – including... Read More
The Snow Plowers’ Petition
The following might have happened in a small college town in upstate New York… In a cold and snowy... Read More
Super Bowl versus Education?
In the spirit of Super Bowl weekend I’d like to deconstruct a Facebook status update that a friend... Read More
Capitalism, Corporatism, and the Freed Market
When a front-running presidential contender tells the country that thanks to Barack Obama, “[w]e are... Read More
Creating Jobs versus Creating Value
Picking on New York Times columnist Paul Krugman is one of the largest participation sports on the Internet.... Read More
