Barney Frank Takes No-Jet Provision Out Of Bailout Bill Due To Concern For Corporate Jet Manufacturers

Barney Frank Takes No-Jet Provision Out Of Bailout Bill Due To Concern For Corporate Jet Manufacturers

When those automakers flew to congress in corporate jets to ask for a taxpayer bailout, no one was more upset than the powerful chairman of the house financial services committee, Rep. Barney Frank of Massachusetts.

So irate over the use of corporate jets, Frank was determined to make sure it never happened again. His plan: no corporate executives coming to Washington asking for bailout money would be allowed to travel in those multi-million dollar symbols of excess.

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