The Unz Review: An Alternative Media Selection
A Collection of Interesting, Important, and Controversial Perspectives Largely Excluded from the American Mainstream Media
 BlogviewMichelle Malkin Archive
Barney "Grabby Hands" Frank: Ready to "Reshape U.S. Finance"
🔊 Listen RSS
Email This Page to Someone

 Remember My Information



=>

Bookmark Toggle AllToCAdd to LibraryRemove from Library • BShow CommentNext New CommentNext New ReplyRead More
ReplyAgree/Disagree/Etc. More... This Commenter This Thread Hide Thread Display All Comments
AgreeDisagreeThanksLOLTroll
These buttons register your public Agreement, Disagreement, Thanks, LOL, or Troll with the selected comment. They are ONLY available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also ONLY be used three times during any eight hour period.
Ignore Commenter Follow Commenter
Search Text Case Sensitive  Exact Words  Include Comments
List of Bookmarks

Egad, hasn’t he done enough damage already?

Apparently not. Via the Boston Globe, Rep. Barney Frank can’t wait to meddle even more in the marketplace. Keep an eye on the grabby hands:

As chairman of the House Financial Services Committee, Frank is busy assembling a complex bill to give the federal government unprecedented control over the country’s financial institutions. It is as ambitious as any legislation jolting town halls and cable-news programs…When Congress returns to session after Labor Day, Frank expects to chair a series of hearings and markup sessions that he hopes will generate a single comprehensive bill on financial reform for a vote in the House…

…Frank says the legislation is necessary to help fend off future episodes of financial panic. Hedge funds and derivatives traders would have to operate under new limits. A financial products safety commission would regulate the consumer marketplace, down to payday loans and check-cashing stores. Federal officials would gain new powers to unwind failed financial institutions.

Last time I checked Barney Frank’s financial oversight record was the pits. Only in Beltway Bizarro World does such an epic failure get rewarded with even more expansive powers to screw things up.

(Republished from MichelleMalkin.com by permission of author or representative)
 
• Category: Ideology • Tags: Barney Frank, Subprime crisis