Topic: Barney Frank
WASHINGTON (Reuters) - U.S. lawmaker Barney Frank, a chief architect of financial reform, issued a warning on Thursday to those crafting new rules to straighten up the banks and financial markets: don't be looking to cash in anytime soon.Frank, chairman of the ...
WASHINGTON (Reuters) - Republicans in the House of Representatives on Friday recommended the country's top two mortgage finance companies, the recipients of a massive government bailout during the height of the financial crisis, be phased out in four years in order to ...
Three things happened in a row Monday: (2) Shahien Nasiripour had a comment about principal write-downs walked back on him by Treasury: "Treasury is NOT poised to roll out a major principal write-down program. (3) And Barney Frank released a letter to ...
If you're a big bank, it makes perfectly good sense that the head of the U.S. banking cartel would continue in its role as the agency charged with watching out for the interests of the little guy. Barney Frank, Chairman of the ...
WASHINGTON (Reuters) - A senior U.S. lawmaker on Tuesday expressed support for Senate Banking Committee Chairman Christopher Dodd's commitment to pursue a proposal to establish an independent financial consumer watchdog agency. "I welcome Senator Dodd's intention to fight to preserve an independent ...
WASHINGTON (Reuters) - Bipartisan efforts on Capitol Hill to tighten financial regulation ground to a halt in the Senate on Friday, casting one of the top domestic policy priorities of the Obama administration in a stark political light.After months of public debate ...
By Alison Vekshin and Peter Cook[Bloomberg] -- Representative Barney Frank said the Federal Reserve Bank of New York's 2008 order to American International Group Inc. (AIG) to suppress disclosures of bank payments is " "To the extent that there were problems in ...
WASHINGTON (Reuters) - Some of the world's largest financial firms on Monday urged a top U.S. lawmaker not to pursue big bank break-up legislation, an idea attracting interest in Congress and causing alarm on Wall Street.The Financial Services Forum, a lobbying group ...
Frank floats plan to give TARP-related loans to unemployed homeowners who can't pay mortgageRep. Barney Frank said Monday he is pushing a proposal to use some of the interest the government collects from the financial industry bailout to give loans to unemployed ...
An enduring truth about financial regulation is this: Bad times, unfortunately, follow good times, and regulatory incentives are to do the wrong thing yet again. It mandated in very strong terms that FDIC take "prompt corrective action" with respect to potentially troubled ...