Barney Frank, (D – MA) Representative, 4th District, a member of the House since 1981, has received a lot of press lately, specifically in regards to his involvement in the Freddie Mac and Fannie Mae fiasco. Frank, who can be directly linked to the failure of both institutions, has been the most stalwart proponent of the big government bail out plan which passed the Senate last night. Barney spend has spent a good deal of time pointing the finger at the Republican Party for these misdeeds, however, back in September of 2003, when Republicans wanted to regulate Freddie and Fannie, Franks was adamant Frank:
“No `Crisis'
``I don't think we are facing any kind of a crisis'' or ``threat to the Treasury,'' Democratic Representative Barney Frank of Massachusetts said. At the same time, investors in the two companies shouldn't assume the government guarantees the companies' ability to pay debts, he said.
Snow cautioned that the new law should ``should not be merely an exercise in moving existing agencies from one part of the government to another.''
He also said he favored efforts to pressure Fannie Mae and Freddie Mac to file financial disclosures with the Securities and Exchange Commission the way other companies do “
There’s volumes more material available that indict Frank, from both the left and right perspective, and he now faces problems in his home district The Globe is reporting that his constituents have lost confidence (suggest reading the comments) in Barney’s judgment. Frank also endorsed Barack Obama who has benefited financially from the Franks alliance with Freddie and Fannie.
What’s a 4th District Bay-stater to do? Barney Frank is up for re-election this year and there is an alternative: Enter: Earl Henry Sholley, Republican, 4th District. Sholley, has great credentials, but has gotten little press in the Bay State (not unusual for non-Democrat candidates). To learn more about Sholley, a viable alternative to Barney Frank, visit www.sholleyforcongress.us.
Opinion and Commentary on state, regional and national news articles from a conservative feminist point of view expressed and written by conservative moderate: Tina Hemond
Thursday, October 02, 2008
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