Archive for the ‘Barney Franks’ Category

Maxine Waters Helped Steer Bailout Funds to Bank With Family Ties

March 12, 2009

Do you think Nancy Pelosi will investigate her California pal Maxine Waters for conflict of interest?  There is still an ethics panel in the House, isn’t there?

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When Rep. Barney Frank was looking to aid a Boston-based lender last fall, the Massachusetts Democrat urged Maxine Waters, a colleague on the House Financial Services Committee, to “stay out of it,” he says.

The reason: Ms. Waters, a longtime congresswoman from California, had close ties to the minority-owned institution, OneUnited Bank.

Ms. Waters and her husband have both held financial stakes in the bank. Until recently, her husband was a director. At the same time, Ms. Waters has publicly boosted OneUnited’s executives and criticized its government regulators during congressional hearings. Last fall, she helped secure the bank a meeting with Treasury officials.

Read the rest from the Wall Street Journal:
http://online.wsj.com/article/
SB123682571772404053.html

[Rep. Maxine Waters] Getty Images

Rep. Maxine Waters, center, with Earvin “Magic” Johnson, left, and Ms. Waters’s husband, Sidney Williams, at the 2009 BET Honors Reception in Washington, D.C.

http://michellemalkin.com/2009/03/12/
calling-bull-on-abc-news-time-magazines
-apologists-for-pelosi/

http://michellemalkin.com/200
9/03/11/culture-of-corruption-alert/

“Republicans Rape Truth,” and The “Over the Top”

February 12, 2009

You come to us today on your bicycles after buying Girl Scout cookies and helping out Mother Teresa and telling us ‘we’re sorry, we didn’t mean it, we won’t do it again, trust us.’ Well, I have some people in my constituency that actually robbed some of your banks and they say the same thing.”

“America doesn’t trust you any more… I don’t have one single penny in any of your banks — not one…. I don’t want my money put into CDOs and credit default swaps and humongous bonuses.”

That tongue lashing came from Rep. Michael Capuano (D-MASS) to some of America’s top bankers yesterday.

Cute, self-serving and unnecessary.

Here’s a suggestion nobody will follow — aimed at all those involved in political theater: and you know who you are.

Over the top language just used to get your face on TV and, worse, to distort the truth, demeans our political pocess and tells our children that politics and lawmaking is a game of buffoonery for buffoons.

Politics, we have to conclude, is a say anything and get yourself on TV game.

Rod Blagoyevich showed that.

And he got into trouble.

But nobody seems to have learned anything from him.  Blago has been dismissed as an abhorrent aberration.  An abomination.  Shame on him.

But every other jerkweeed still in office can say what he wants.

Over night, nearly every TV report on the testimony of bank executives before Congress started with “Bankers were hauled before Congress yesterday…”

Well, “hauled,” in the care of people and not furniture, is a pejorative use of the word.

People going before Congress are being “hauled” these days because they are about to be pilloried as in exposed to ridicule and abuse.

That’s what it looks like so that is why media thinks “hauled” is appropriate.

Listen to the tone of testimoy and ask yourself, “are we seeking truth? ” Or are we  just being critical in the form of a question?

So you have to expect media to use a word like “hauled” when they  see the antics of Congressmen acting like moneys and putting words into the mouths of those executives they invited to testify.  Often at Congressional testimony the witnesses are  in jobs those we elected could never, ever be expected to do themselves because they just aren’t good enough.

Demonizing executives and others at testimony is demeaning.  Demonizing makes one feel superior, I suppose….  But in the end the practicioners might just end up like Blago (and I hope they do).

The legislators are making a mockery of the systems created by Jefferson and Washington to do what?  Get on TV?  Get reelected?  Distort the truth?  Create wrong impressions?  All of the above?

I remember when party leaders would quietly put an end to childish behavior.  But now there are too few senior legistalors left who have good sense and good manners themselves.

John Warner went home.

Are these antics in hearings meant to show that lawmakers are superior to workers and executives?

Well, you know what?  I just don’t believe that the lawmakers are smarter than anybody….  especially when they need to grab the “over the top” tool so often.

Making money pays taxes and hires people and pays for health care.  Witnesses who make money and provide jobs and pay taxes should be treated with respect.  In fact; we should treat all with respect and allow them to dig their own graves — which is what many lawmakers are generally good at.

President Obama, no virgin at “over the top” language, said Monday night,  “the federal government is the only entity left with the resources to jolt our economy back into life.”

He didn’t even say “good government.”

He also characterized the stimulus debate as a talk between those who had a solution (Democrats) and those who had no solution (Republicans). Of course if this were true there would be no need for bipartisanship — which has been sent to the ash heap after what?  Three weeks?

Can we never be honest? 

No.

Our government has become a pack of dishonest hacks making a mockery of good government.  And that government is about to get even bigger.

Those with some years and wisom watch all this over the top buffoonery on TV and shake their heads in dismay — many of us retired and will die soon, thank God…. with memories of Truman, FDR and Lincoln.

Well, not Lincoln.  That would be over the top.

The youngsters among us might just watch these jerks on TV because they have no jobs and are awaiting the only institution the president says can help: government.

Good luck.

Bad government.

Related:
“Banking Spanking”: Barney Franks Unleashed

Obama: Let’s Be More Honest About Economy, Plans, Republicans

Quotes from the banking hearings:
http://www.reuters.com/article/ousiv/id
USTRE51A7GY20090211

“Banking Spanking”: Barney Franks Unleashed

February 11, 2009

Rep. Barney Frank (D-Mass.), chairman of the House Financial Services Committee, has decided today to engineer a public flogging of top bankers: call it the “banking Spanking.”

But Franks also wants the bad guys to cooperate and behave.

Related:
“Republicans Rape Truth,” and The “Over the Top”

“I urge you going forward to be ungrudgingly cooperative.  There has to be a sense of the American people that you understand their anger … and that you’re willing to make some sacrifices to get this working, ” Franks said.

Franks also said he was angry that the TARP wasn’t executed better by the bankers.

But wasn’t he there in the Financial Services Committee, crafting the provisions of the TARP?

Franks also said the administration was taking “too much time” developing a foreclosure plan and called on companies that hold or service mortgages to suspend foreclosure proceedings until it is released.

He took shots at Treasury Secretary Tim Geithner’s bank bailout plan along the way.

Franks has criticism for everyone all around but hasn’t taken any responsibility himself….

John E. Carey
Wakefield Chapel, Virginia

Related from the AP:
http://news.yahoo.com/s/ap/2009021
1/ap_on_go_co/bailout_banks

http://michellemalkin.com/2009/02
/11/the-sanctimony-of-morons/

Bankers Vow To Work Toward Financial Reform
http://news.yahoo.com/s/ap/20090211/a
p_on_go_co/bailout_banks

Barney Frank
Photo: AP