Frank Slowing On Financial Receivership Bill

Wall Street Journal:

Slowing a rapid-fire attempt to revamp regulation of financial markets, House Financial Services Committee Chairman Barney Frank (D., Mass.) said he no longer plans to expedite a bill that would allow the government to place large financial companies into receivership.

Read the whole story: Wall Street Journal

Comments

[milo9]

Barney Frank is looking increasingly like the typical Corporate Dem. He is not to be trusted.

[Lest We Forget]

If you're being cynical, it all looks like an act. Barney rags on the banks to look good in front of the TV cameras but when push comes to shove he totally caves in to his biggest supporters. With all the money that the financial industry can throw around, it's no wonder they usually get their way.

[ladyskeptik]

Barney Frank is not to be trusted. He talks out of both sides of his mouth.

Talking tough to the bankers in front of the cameras, but then stopping bills that will actually regulate them behind closed doors.

You're all talk Barney. We expect action and you have stopped it.

[american-dolt]

Nobody in Gov gives a damn about you period.

[Blufftonian]

He's tho thexthy when he sthpeaks about banking regulathunths.

[ljc]

Is that supposed to be funny? Or do you have a lispe?

[Leftfield321]

The sight of franks makes me want to puke.

[Jacqueline3]

I hate listening to him speak.

[doell]

I think Barney is for sure guy to do it and I think his plan will be thorough and and well-crafted. I think it is great for him to be honest and allow the appropriate time to have solid regulations.

[WeTellTheTruth]

So much for regulation­..........­..it was and still is........ all DOUBLETALK.

Obama is owned by the bankers.

[who38]

We are all owned by the bankers. Get used to it.

[BBackSoon]

Barney, How about a two or three pronged approach?

Give us a little something now and come back later and make it bullet proof.

[ThomasMc]

Frank is just another phoney windbag owned by the filthy rich.

[lvdragonlady]

I think someone else needs to be in charge instead of Barney. Looks like he is getting cold feet. But I think he really does not want to get caught being one of the bad guys.

[Icantbelieveher]

Makes you wonder how much the bank lobbyist gave him! I'm getting tired of this!

[who38]

Or what the bank lobbyists have on him?

[blood1]

Did anyone notice how the WSJ is pandering to Barney, just check out his picture drawn for the journal. Don't get me wrong, I really like Barney, but this is one of the nicest depictions of him I have seen in the recent past!

He may be waiting to see how the big credit card companies react to the "veiled threats" of really tight restriction to be placed on them if they don't reign in their newly released credit card rates and limits placed on holders of credit cards.

Just have to wait and see!

[gzuss]

Barney knows what side his butt is breadered on.

[DMEEPhD]

LOL

[Blufftonian]

HA HA HA HA HA!