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5 Aug 2009, 7:49 pm
Sheila Bair publicly aligned herself with Barney Frank today on the need for curbs on executive compensation, which comes as absolutely no surprise to anyone who has watched her consistent maneuvering to please the radical left faction of the Democratic Party in Congress since before last year's presidential election to the present. [read post]
5 Aug 2009, 5:12 am
  The Neal opponents conclude that primary insurers would have to raise rates and reduce coverage in order to rebuild the financial cushion they now get from affiliated offshore reinsurance.House Financial Services Committee Chairman Barney Frank (D-MA) has suggested his committee may consider H.R. 3424, or something similar, when the committee’s financial regulatory reform efforts resume in September.In that vein, the Obama Administration took steps the last… [read post]
4 Aug 2009, 10:48 am by Wendy Fried
(As you may have heard, by the way, the Goldman team includes Barney Frank’s former top staffer.)image credit: africatravelpictures.com [read post]
Recently House Financial Services Committee Chairman Barney Frank made a similar threat.This is amid recent revelations that the Administration's foreclosure mitigation efforts, of which the $75 billion Home Affordable Mortgage Program ("HAMP") is the centerpiece, have failed to slow the foreclosure crisis and stabilize the nation's housing market. [read post]
3 Aug 2009, 2:45 pm by R. Grace Rodriguez, Esq.
House Financial Services Committee Chairman Barney Frank threatened to revive the mortgage “cram- down” bill that stalled in Congress this year, saying lenders aren’t being aggressive enough in modifying troubled home loans.Cram-downs let federal judges lengthen terms, cut interest rates and reduce mortgage balances of bankrupt homeowners, even if the lender objects. [read post]
3 Aug 2009, 11:30 am
Well, if you don't believe us, how about President Obama, Rep Barney Frank and Rep Jan Schakowsky:[Hat Tip: Reader Tom T] [read post]
2 Aug 2009, 7:29 am
House Financial Services Committee Chairman Barney Frank argued that the federal thrift charter should not be abolished, even if the OTS were merged into the OCC in the form of a new national bank supervisor. [read post]
31 Jul 2009, 1:49 pm
Letters: Obama is turning U.S. into socialist country"Harry Reid, Nancy Pelosi, Barney Frank and the Democrat-controlled Congress since 2006 owns the housing crisis and this economy. [read post]
31 Jul 2009, 9:27 am
The measure also requires federal financial regulators to proscribe inappropriate or imprudently risky compensation practices as part of solvency regulation.A Manager's Amendment offered by Committee Chair Barney Frank (D Mass) specifically provides that financial companies that do not have incentive-based payment arrangements are not required to make disclosures regarding incentive-based payment arrangements. [read post]
31 Jul 2009, 1:35 am
Barney Frank's "say-on-pay" bill, also known as the Investor Protection Act of 2009 (Title IX, Subtitle D of the Financial Regulatory Reform package), is making some headway. [read post]
29 Jul 2009, 12:52 pm by Wendy Fried
In a speech at the National Press Club yesterday, Barney Frank insisted (“promised” would be too strong a word) that Congress would spit out a regulatory reform package by year-end.OK, Barney, whatever. [read post]
29 Jul 2009, 8:36 am
Barney Frank, the committee amended the bill to allow the Securities and Exchange Commission to exempt smaller issuers from the advisory vote requirement. [read post]
29 Jul 2009, 4:38 am
The measure also requires federal financial regulators to proscribe inappropriate or imprudently risky compensation practices as part of solvency regulation.A Manager's Amendment offered by Committee Chair Barney Frank (D Mass) specifically provides that financial companies that do not have incentive-based payment arrangements are not required to make disclosures regarding incentive-based payment arrangements. [read post]
26 Jul 2009, 10:52 pm
The AFL-CIO has supported this effort and sought Congressional support for the effort.Congressman Barney Frank has been an outspoken critic of the EWI for some time and has been putting pressure on the Bank to change the indicator. [read post]
24 Jul 2009, 2:06 am
  According to the Chairman of the House Financial Services Committee, Barney Frank (D-MA), his committee will not vote on the measure until September. [read post]
23 Jul 2009, 7:49 pm
A reader sent me a link to a video of an interview with Barney Frank in which Barney engages in rapid-fire rewriting of history, and asked me what I thought of it. [read post]
22 Jul 2009, 7:24 am
“Chairman Barney Frank (D-MA) of the House Financial Services Committee has announced that committee consideration of the Obama financial reform plan’s centerpiece Consumer Financial Protection Agency will be delayed from next week until September. [read post]