Tea Party Massachusetts Style: Frank and Brown

[Procrustes Stretched]

Brown wanted Frank to support a provision exempting insurance and mutual fund companies like MassMutual and Liberty Mutual from certain kinds of regulations. Under a separate provision, large banks like State Street Corp. would be able to continue investing a portion of their money in securities markets.

Brown and Frank both wanted to help home-state financial institutions that they thought should not be penalized like some Wall Street banks. Many of the financial institutions have also been major contributors to both Brown’s and Frank’s campaigns. Brown took in nearly $968,000 from the finance, insurance, and real estate industries, according to the Center for Responsive Politics. Frank, chairman the House Financial Services Committee, has received nearly $582,000 from the industry over the past 18 months.

Politics gives birth to uncommon partnership - The Boston Globe

told you so