“How much responsibility, if any, do you have for the financial crisis?” Simple question. But, not for Barney Frank. Let this be a warning: do not ask Rep. Frank (D-MA) questions that may make him uncomfortable.
Tag: Barney Frank
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Barney Frank wants to be your boss, set your salary, tax you retroactively, schedule your bathroom breaks
Here’s how Byron York explains it in the Washington Examiner:
“…the House Financial Services Committee, led by chairman Barney Frank, has approved a measure that would, in some key ways, go beyond the most draconian features of the original AIG bill. The new legislation, the “Pay for Performance Act of 2009,” would impose government controls on the pay of all employees — not just top executives — of companies that have received a capital investment from the U.S. government. It would, like the tax measure, be retroactive, changing the terms of compensation agreements already in place. And it would give Treasury Secretary Timothy Geithner extraordinary power to determine the pay of thousands of employees of American companies.
The purpose of the legislation is to “prohibit unreasonable and excessive compensation and compensation not based on performance standards,” according to the bill’s language. That includes regular pay, bonuses — everything — paid to employees of companies in whom the government has a capital stake, including those that have received funds through the Troubled Assets Relief Program, or TARP, as well as Fannie Mae and Freddie Mac.
The measure is not limited just to those firms that received the largest sums of money, or just to the top 25 or 50 executives of those companies. It applies to all employees of all companies involved, for as long as the government is invested. And it would not only apply going forward, but also retroactively to existing contracts and pay arrangements of institutions that have already received funds.
In addition, the bill gives Geithner the authority to decide what pay is “unreasonable” or “excessive.” And it directs the Treasury Department to come up with a method to evaluate “the performance of the individual executive or employee to whom the payment relates.”
Tim Geither, an ineffective, unelected appointee, gets to decide what’s unreasonable or excessive? Take a long, hard look in the mirror, Tim. Then hand it over to Barney and let him take a look, too.
Those images you see — that’s what unreasonable and excessive looks like.
Source: Washington Examiner
Quite frankly, Barney Frank is a lying sack of @*$&!
Barney Frank is a lying sack of excrement. Oh, we beg your pardon. Did we say that? It just slipped out by accident.
Here’s a Bloomberg News story from March 5, 2009:
“U.S. House Financial Services Committee Chairman Barney Frank said he wants to see people prosecuted for wrongdoing related to the financial crisis as lawmakers overhaul regulation of Wall Street.”
“Frank will call on attorneys general, bank regulators and officials from the U.S. Securities and Exchange Commission to outline plans for prosecuting and recovering funds from those responsible for the crisis, he said today at a news conference in Washington.”
“’What are your plans to prosecute those people whose irresponsible and, in some cases, criminal actions helped bring about this crisis?’ said Frank, a Massachusetts Democrat.”
He’s a hero, that Barney Frank. A man of honesty, courage, and conviction. A man who did everything possible to keep our financial system safe. Except when he’s the afore-mentioned lying sack of excrement as proven by this quote from a September, 2003 House Financial Services Committee hearing:
“I worry, frankly, that there’s a tension here. The more people, in my judgment, exaggerate a threat of safety and soundness, the more people conjure up the possibility of serious financial losses to the Treasury, which I do not see. I think we see entities that are fundamentally sound financially and withstand some of the disaster scenarios…I believe there has been more alarm raised about potential unsafety and unsoundness than, in fact, exists.”
George Washington couldn’t tell a lie. Bill Clinton couldn’t tell the truth. And Barney Frank can’t tell the difference.
Source: Bloomberg, Ace of Spades
Barney Frank. Two impediments for the price of one.
On Thursday’s Hardball show, Chris Matthews asked one of his typical long, poorly-worded questions and Massachusetts Congressman Barney Frank responded with one of his typical long, poorly thought-out answers.
“What do you make of this big shift,” Matthews circumnavigated, “away from Bushism, if you will? Away from tax cuts, from people who make certain amount of money and to begin a health fund, you know, national health care?”
“I think it’s what people voted fo-wah,” Frank said rhotically. “There was no secwet that this was going to happen. John McCain kept pwedicting that if Obama won, this would happen, and I think Obama felt an obwigation to make an honest man out of John McCain, to keep him honest. One, John’s always been pwetty honest. Of course, the pwivate sectow is the engine to cweate wealth. But we also know, as Fwanklin Woosevelt knew and as othews have known, that the pwivate sectow works best when it’s got a set of wules and a coopewative set of awwangements with the public sectow.”
Barney Frank, the congressman who gives you get two for the price of one — a speech impediment and an economic impediment.
You’ve been screwed by Barney Frank. And we have it all on video.
If you’re anything like us, you’ve probably wondered if there’s something network TV news hasn’t been telling us about the financial crisis. Like what really caused it. And who really caused it. CBS hasn’t told the whole story. Neither have ABC, NBC, CNN, nor MSNBC.
Luckily, we have Fox News. Here’s a tremendous video timeline put together by Fox News that shows exactly who did what to whom and when.
This video strips Barney Frank bare and exposes him to the world. (We sincerely apologize for the hideous images that sentence brings to mind.)
