Frank pushes for punishment for crisis

[WillowTree]

House Financial Services Chairman Barney Frank (D-Mass.) is pressing state and federal authorities to seek criminal and civil penalties on financial actors that helped cause the current crisis.

"Rules don't work if people have no fear of them," Frank said at a press conference Thursday.

He announced a hearing March 20 with Attorney General Eric Holder, bank regulators and the Securities and Exchange Commission as witnesses to discover what their plans are to prosecute irresponsible and in some cases criminal behaviors.

He isn't looking for names, Frank said, but "I do want all the people with enforcement power, state and federal, in that room."


Frank pushes for punishment for crisis - Victoria McGrane - POLITICO.com

 

[Article 15]

Good.

 

[Article 15]

What I found more interesting in the article was this:

Frank also announced that two financial entities have returned or are planning to return a total of $7.6 billion worth of Troubled Asset Relief Program funds.

 

[Xenophon]

So Frank will be placing his own balls in a sling?

 

[WillowTree]

What I found more interesting in the article was this:

Frank also announced that two financial entities have returned or are planning to return a total of $7.6 billion worth of Troubled Asset Relief Program funds.

ya know why? they said they didn't need it in the first place and then "regulators strongly suggested that they take it and lend it" too many government (Barney) strings attached so they are giving it back.. If Bawney has his way all the tarp money will be lent to people who cannot pay it back,, second verse same as the first..

you people are dumb as dirt and will never figure out how to fix the mess you made.. Barney should be the first one punished for is debacle.

 

[Article 15]

So Frank will be placing his own balls in a sling?

I wouldn't go that far ... I'm sure he's planning on covering his own ass.

 

[Article 15]

What I found more interesting in the article was this:

Frank also announced that two financial entities have returned or are planning to return a total of $7.6 billion worth of Troubled Asset Relief Program funds.

ya know why? they said they didn't need it in the first place and then "regulators strongly suggested that they take it and lend it" too many government (Barney) strings attached so they are giving it back.. If Bawney has his way all the tarp money will be lent to people who cannot pay it back,, second verse same as the first..

you people are dumb as dirt and will never figure out how to fix the mess you made.. Barney should be the first one punished for is debacle.

Yes, Willow, I understand that you want to blame the Dems for everything. It's what you do.

 

[WillowTree]

What I found more interesting in the article was this:

ya know why? they said they didn't need it in the first place and then "regulators strongly suggested that they take it and lend it" too many government (Barney) strings attached so they are giving it back.. If Bawney has his way all the tarp money will be lent to people who cannot pay it back,, second verse same as the first..

you people are dumb as dirt and will never figure out how to fix the mess you made.. Barney should be the first one punished for is debacle.

Yes, Willow, I understand that you want to blame the Dems for everything. It's what you do.

As usual you understand incorrectly.. It's what you do..

 

[Skull Pilot]

So Frank will be placing his own balls in a sling?

no but he'll have someone else's balls in his mouth

He wants to punish people responsible to get eyes off of him and his own culpability in this mess.

 

[Article 15]

ya know why? they said they didn't need it in the first place and then "regulators strongly suggested that they take it and lend it" too many government (Barney) strings attached so they are giving it back.. If Bawney has his way all the tarp money will be lent to people who cannot pay it back,, second verse same as the first..

you people are dumb as dirt and will never figure out how to fix the mess you made.. Barney should be the first one punished for is debacle.

Yes, Willow, I understand that you want to blame the Dems for everything. It's what you do.

As usual you understand incorrectly.. It's what you do..

*yawn*

 

[WillowTree]

Yes, Willow, I understand that you want to blame the Dems for everything. It's what you do.

As usual you understand incorrectly.. It's what you do..

*yawn*

It's early,, still time to go back to bed for some rest! maybe think things over a little more!

 

[Article 15]

As usual you understand incorrectly.. It's what you do..

*yawn*

It's early,, still time to go back to bed for some rest! maybe think things over a little more!

I'll pass, tyvm.

Let me ask you this:

In your opinion, how responsible in percentage terms are the Democrats for the what has happened to the economy in the last 6 months.

 

[WillowTree]

*yawn*

It's early,, still time to go back to bed for some rest! maybe think things over a little more!

I'll pass, tyvm.

Let me ask you this:

In your opinion, how responsible in percentage terms are the Democrats for the what has happened to the economy in the last 6 months.

I'd give them at least half the credit/blame. How about yourself?

 

[FactFinder]

House Financial Services Chairman Barney Frank (D-Mass.) is pressing state and federal authorities to seek criminal and civil penalties on financial actors that helped cause the current crisis.

"Rules don't work if people have no fear of them," Frank said at a press conference Thursday.

He announced a hearing March 20 with Attorney General Eric Holder, bank regulators and the Securities and Exchange Commission as witnesses to discover what their plans are to prosecute irresponsible and in some cases criminal behaviors.

He isn't looking for names, Frank said, but "I do want all the people with enforcement power, state and federal, in that room."


Frank pushes for punishment for crisis - Victoria McGrane - POLITICO.com

He best watch what he wishes for. He should be one of the 1st prosecuted.

 

[Article 15]

It's early,, still time to go back to bed for some rest! maybe think things over a little more!

I'll pass, tyvm.

Let me ask you this:

In your opinion, how responsible in percentage terms are the Democrats for the what has happened to the economy in the last 6 months.

I'd give them at least half the credit/blame. How about yourself?

I'd put the GOP and Dems pretty much on equal footing. But in terms of total blame I would put them as less than half of it.

IMO, the banks and irresponsible individuals are more to blame.

 

[WillowTree]

I'll pass, tyvm.

Let me ask you this:

In your opinion, how responsible in percentage terms are the Democrats for the what has happened to the economy in the last 6 months.

I'd give them at least half the credit/blame. How about yourself?

I'd put the GOP and Dems pretty much on equal footing. But in terms of total blame I would put them as less than half of it.

IMO, the banks and irresponsible individuals are more to blame.

imho the banks would not have lent irresponsibly unless pressured to do so. banks are in the business of making money not losing it.

 

[Article 15]

I'd give them at least half the credit/blame. How about yourself?

I'd put the GOP and Dems pretty much on equal footing. But in terms of total blame I would put them as less than half of it.

IMO, the banks and irresponsible individuals are more to blame.

imho the banks would not have lent irresponsibly unless pressured to do so. banks are in the business of making money not losing it.

If it stopped there it wouldn't have been so bad but the banks then bundled those risky mortgages and then spread them about everywhere like cancer.

It made the situation exponentially worse, no?

 

[Article 15]

Let's not forget house flippers out to make a quick buck which inflated the hell out of the housing market.

 

[WillowTree]

I'd put the GOP and Dems pretty much on equal footing. But in terms of total blame I would put them as less than half of it.

IMO, the banks and irresponsible individuals are more to blame.

imho the banks would not have lent irresponsibly unless pressured to do so. banks are in the business of making money not losing it.

If it stopped there it wouldn't have been so bad but the banks then bundled those risky mortgages and then spread them about everywhere like cancer.

It made the situation exponentially worse, no?

But wait, let's not let the horse outta the barn,, there would have been no risky mortgages to bundle if the banks had not been intimidated in the first place. In other words politicians and politcal action groups such as ACORN started this avalanche into bandruptcy. Barney Fwank need to sit down and stfu about punishing banks.

 

[Article 15]

imho the banks would not have lent irresponsibly unless pressured to do so. banks are in the business of making money not losing it.

If it stopped there it wouldn't have been so bad but the banks then bundled those risky mortgages and then spread them about everywhere like cancer.

It made the situation exponentially worse, no?

But wait, let's not let the horse outta the barn,, there would have been no rishy mortgages to bundle if the banks had not been intimidated in the first place. In other words politicians and politcal action groups such as ACORN started this avalanche into bandruptcy. Barney Fwank need to sit down and stfu about punishing banks.

But they still did it. They knew better and they still did it.