Barney Frank

Barney Frank Clashes With Ed Schultz Over Bank Bonuses: "Don't Condescend To Me" (VIDEO)

Huffington Post | Nicholas Graham | Posted 11.09.2009 | Business


MSNBC's Ed Schultz and Congressman Barney Frank (D-Ma.) clashed tonight over Congress's response, or lack of response, to the news that JPMorgan, Gold...

Federal Reserve-Led Regulation Opposed By Lawmakers From Both Parties

Patrice Hill | Posted 11.09.2009 | Business


An unusual alliance of conservatives and liberals is pushing to break up or downsize banks deemed "too big to fail," rather than create a new regulato...

Barney Frank: POT BUST Took Place With Congressman Present

Posted 11.08.2009 | Politics


Rep. Barney Frank (D-Mass.) was present during his partner James Ready's marijuana arrest in 2007, according to a police report. Ready was arrested ...

Shahien Nasiripour

New Bill Would Keep Public In The Dark About Threats To Financial System

HuffingtonPost.com | Shahien Nasiripour | Posted 11.06.2009 | Business


Members of Congress and the general public may not be told of "potential emerging threats to the stability of the financial system," thanks to a Thurs...

Shahien Nasiripour

10 Years Ago Today, Congress Allowed For "Too Big To Fail"

HuffingtonPost.com | Shahien Nasiripour | Posted 11.05.2009 | Business


On the 10th anniversary of Congress voting to repeal the law that had long separated Main Street commercial banking from Wall Street investment bankin...

Ryan Grim

Civil War In Corporate America: Banks Battling The Chamber On Accounting Rules

HuffingtonPost.com | Ryan Grim | Posted 11.06.2009 | Business


Amid the ongoing financial regulation overhaul, the banking industry is hoping to pull off a quiet power grab that has eluded its grasp since the Grea...

Shahien Nasiripour

Federal Reserve Loses Expanded Powers Proposed By Obama Administration

HuffingtonPost.com | Shahien Nasiripour | Posted 11.05.2009 | Business


The pushback against an omnipotent Federal Reserve keeps growing. A top Congressional leader said Thursday that the Fed will not have the power to ov...

Chris Dodd's New Legislation Would Strip Power From Fed, FDIC

wsj.com | DAMIAN PALETTA | Posted 11.05.2009 | Business


WASHINGTON -- A key Senate lawmaker is readying legislation that would dramatically redraw how the financial system is regulated, setting the chamber ...

Barney Frank Reconsiders Derivatives Rules: "There May Be A Problem Here"

boston.com | Michael Kranish | Posted 11.04.2009 | Business


WASHINGTON -- House Financial Services Committee chairman Barney Frank, under fire from some fellow Democrats and consumer groups for carving out what...

Shahien Nasiripour

House Panel Votes To Permanently Exempt Small Firms From Part Of Post-Enron Law

HuffingtonPost.com | Shahien Nasiripour | Posted 11.04.2009 | Business


A House panel voted Wednesday to permanently exempt more than half of all publicly traded companies from a seven-year-old post-Enron measure designed ...

ReThink Review: Outrage -- One Reason Why the Bird/Shepard Hate Crimes Act Took So Long

Jonathan Kim | Posted 11.03.2009 | Entertainment


Jonathan Kim

And the main reason is because hatred/fear of gays is running neck-and-neck with hatred/fear of government for the most defining, unifying characteristic of the "modern" republican party.

Shahien Nasiripour

Obama Administration Helps House Democrat Gut Post-Enron Reforms

HuffingtonPost.com | Shahien Nasiripour | Posted 11.03.2009 | Business


With the White House's blessing, a House panel voted Tuesday to water down a key post-Enron measure designed to protect investors. In a voice vote, m...

Shahien Nasiripour

New "Too Big To Fail" Bill Gives Feds Power To Freeze Derivatives Contracts

HuffingtonPost.com | Shahien Nasiripour | Posted 11.03.2009 | Business


The "Too Big To Fail" legislation currently being debated by a House committee has been widely criticized as toothless. But one provision gives the fe...

The House Financial Reform Bill: Don't Touch the Banks, Get a Smarter Fed

Dean Baker | Posted 11.03.2009 | Business


Dean Baker

The only people who seem to stand outside the consensus that too-big-to-fail banks are unacceptable are those who hold power and are steering the process of financial reform.

Federal Reserve Tours Foreclosed Homes: "Very Sobering"

The Huffington Post | Julian Hattem | Posted 11.02.2009 | Business


As part of its Bearing Witness 2.0 project, the Huffington Post is rounding up a few of the best local stories of the day. Representatives of the F...

Homeowners: "Hey Congress, Get Off Your A**"

Richard Zombeck | Posted 11.03.2009 | Business


Richard Zombeck

Our fearless leaders and elected officials don't really seem to have much to say when it comes to hundreds of foreclosures a week - and that's just in their own districts.

Barney Frank Disagrees With Obama On Fund, May Face Fight With Some Financial Firms

bloomberg.com | Alison Vekshin | Posted 11.02.2009 | Politics


Oct. 31 (Bloomberg) -- Barney Frank, chairman of the U.S. House Financial Services Committee, reversed course on paying to unwind failed financial fi...

Democrats: Overdraft Fees Must Be Curtailed

AP | ANNE FLAHERTY | Posted 10.30.2009 | Business


WASHINGTON — Senior congressional Democrats say legislation is still needed to limit how lenders charge customers who overspend on their account...

Fed Regional Bank Heads: Congress Threatening Central Bank's Autonomy

bloomberg.com | Scott Lanman | Posted 10.30.2009 | Business


Oct. 30 (Bloomberg) -- Federal Reserve regional bank presidents are trying to ward off congressional efforts to weaken their clout, saying the moves m...

An Object Lesson In Governmental Failure: Derivatives Reform

Harpers | Ken Silverstein | Posted 10.30.2009 | Business


If you want to understand why Congress seems completely incapable of checking the power of Wall Street, look back to a hearing on the Hill last Octobe...

Shahien Nasiripour

Frank Says "Too Big To Fail" Bill Will Be Changed

HuffingtonPost.com | Shahien Nasiripour | Posted 10.30.2009 | Business


Democrats and Republicans ripped into Treasury Secretary Timothy Geithner during a Congressional hearing Thursday, as Geithner defended an administrat...

Too Big to Jail

Norb Vonnegut | Posted 10.29.2009 | Business


Norb Vonnegut

Uncle Sam is wrestling how to govern organizations vital to our nation's economic welfare. I'd rather see legislators focus on leverage and preventive cures than after-the-fact remedies like "amending loans."

Shahien Nasiripour

Barney Frank: No More Secret Agreements Between Regulators and Banks

HuffingtonPost.com | Shahien Nasiripour | Posted 10.29.2009 | Business


Updated at 7:45 p.m. ET Every action taken by federal regulators against large, systemically-important financial firms -- those commonly referred to ...

Geithner Testimony: New "Too Big To Fail" Legislation Won't Lead To More Bailouts

AP | JIM KUHNHENN and ANNE FLAHERTY | Posted 11.02.2009 | Business


WASHINGTON — An Obama administration plan to dissolve large, struggling financial firms rather than bail them out is encountering Republican res...

Shahien Nasiripour

Investor Protection Act: Dems Square Off Against Republicans On Shareholders' Rights

HuffingtonPost.com | Shahien Nasiripour | Posted 10.29.2009 | Business


Democrats and Republicans faced off Wednesday in a congressional debate over whether shareholders should have an easier time nominating directors to c...