Barny Frank should pay for it - Page 5 - Just BS

**ImWithStupid** · 01-24-2009, 10:38 PM

Thank you Barney Frank and Chris Dodd...

Quote:

Friday, January 23, 2009

Freddie Mac To Ask Treasury For Billions In Additional Funds

Sue Chang

SAN FRANCISCO -- The Federal Housing Finance Agency, Freddie Mac's conservator, will ask the Treasury Department for additional funds of up to $35 billion from the Senior Preferred Stock Purchase Agreement, the mortgage giant said in a regulatory filing Friday. Based on a preliminary evaluation of its fourth-quarter operations, Freddie Mac's management believes that it will need $30 billion to $35 billion to offset the impact of operating losses as well as other items that could affect the company's net worth. Freddie Mac has already drawn $13.8 billion under the $100 billion agreement.

Freddie Mac To Ask Treasury For Billions In Additional Funds - FOXBusiness.com

also, Barney Frank who complained about the way that the first part of TARP was just handed to banks, makes sure that a local bank in Boston, specifically is earmarked to get millions of dollars from the next half of the TARP money. A bank that has a record of wasteful spending on executives. The same thing that Barney said about the other banks that got it. None of them should have given bonuses to executives but this bank isn't even believed to be in trouble of failing, just having a poor performance right now.

Quote:

Barney Frank’s hypocrisy

By Boston Herald Editorial Staff
Saturday, January 24, 2009 - Updated 15h ago

Ah, the dirty little secret is out. That $700 billion TARP (Troubled Asset Relief Program) bill was in part simply a variation on congressional pork - except this time the recipients were banks with friends in high places.

One of those powerful friends was Rep. Barney Frank (D-Newton), chairman of the House Financial Services Committee. And one of the recipients of a $12 million infusion of federal cash was the troubled OneUnited Bank in Boston - a bank that had already been accused of “unsafe and unsound banking practices.” Its CEO, Kevin Cohee had also been criticized by regulators for “excessive” pay that included a Porsche.

Frank admits he included language in the TARP legislation specifically designed to bail out OneUnited. He also acknowledges contacting officials at the Treasury Department about the bank’s bailout application.

Barney Frank’s hypocrisy - BostonHerald.com

RoyalOrleans · 01-25-2009, 08:20 AM

Quote:

Originally Posted by ImWithStupid

Thank you Barney Frank and Chris Dodd...

Freddie Mac To Ask Treasury For Billions In Additional Funds - FOXBusiness.com

also, Barney Frank who complained about the way that the first part of TARP was just handed to banks, makes sure that a local bank in Boston, specifically is earmarked to get millions of dollars from the next half of the TARP money. A bank that has a record of wasteful spending on executives. The same thing that Barney said about the other banks that got it. None of them should have given bonuses to executives but this bank isn't even believed to be in trouble of failing, just having a poor performance right now.

Barney Frank’s hypocrisy - BostonHerald.com

Next news to come down the pike, "Frank Doesn't Actually Suck Cokk - He Just Used His Faggitude To Win The Votes Of The Far Left - I Mean I Thought Gay Men Were Supposed To Be Super Hunky And Attractive?".

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
May 8 Frank And Ernest	Tim Bruening	Off Topic BS	0	05-07-2008 05:47 AM
Frank: Trailing Democrat Should Drop Out	NewsBot	News Room	0	04-15-2008 12:48 PM
Frank Zappa's Widow Sues German Fan Club	NewsBot	News Room	0	04-09-2008 03:30 PM
May 8 Frank And Ernest	Tim Bruening	Off Topic BS	0	02-29-2008 01:47 PM

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)

Thank you Barney Frank and Chris Dodd... Friday, January 23, 2009 Freddie Mac To Ask Treasury For Billions In Additional Funds Sue Chang SAN FRANCISCO -- The Federal Housing Finance