Barney Frank Proposes New Bank Resolution Authority

barney-frank-pointing

Barney Frank blamed others for the mortgage industry meltdown while literally in bed with Fannie Mae.

On October 27, 2009, House Financial Services Chairman Barney Frank (D-Mass.) released the latest version of the most complex piece of the financial reform puzzle: solving the “too big to fail” problem by giving the federal government more powers to wind down major financial firms.

This is in pursuit of Fed policies which allowed mergers of already massive banks to form the very mega-banks which have failed. Continued …

Advertisements
  1. No trackbacks yet.

Leave a Reply or add your opinion

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: