Finance reform face-off
Jack Welch sees ‘insane’ plan; Barney Frank blames him for mess
U.S. Rep. Barney Frank fired back at former General Electric Co. chief executive Jack Welch yesterday, saying that the business legend just sat back while the financial markets collapsed.
“I’m skeptical of people who played a major role in the financial area and have nothing to say about the terrible mistakes that were being made - and now are complaining because we’re trying to correct them,” Frank (D-Newton) said last night.
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“I’m skeptical of people who played a major role in the financial area and have nothing to say about the terrible mistakes that were being made - and now are complaining because we’re trying to correct them,” Frank (D-Newton) said last night."
Barney seems to be talking about himself. He played a major role in the financial area. Not to worry, Newton will elect him again. It's easier to fit into the elitist social circle by blaming Bush for the foreseeable future than face reality and blaming Barney. Bush: expanded big government. Barney: expanded and continues trying to further expand big government. Flip the coin, heads you don't win; tails you lose. Except in Newton, where the coin toss needs to be vetted first.
Barney seems to be talking about himself. He played a major role in the financial area. Not to worry, Newton will elect him again. It's easier to fit into the elitist social circle by blaming Bush for the foreseeable future than face reality and blaming Barney. Bush: expanded big government. Barney: expanded and continues trying to further expand big government. Flip the coin, heads you don't win; tails you lose. Except in Newton, where the coin toss needs to be vetted first.
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#957679 - Nov 6, 2009 2:10 AM EST
Let's see first I gave thumbs up to the first 3 posters.. second who do I believe well that a tough one. But I rather listen to a man who created jobs .. than a Career politican any day.
Frank and Dodd are responsible folks, they was in charge they wre quoted in stating Freddie and Famnnie were solvent no crissi heer. Barnet=y boyfriend was in charge of Freddie.. While Dodd got sweethaeart loans on his prperties in which he refinanced at 2 points beloww prime .. His interest rate was less than .5% and he didn't do anything to assist Freddie and fannie.. BTW Dodd wrote the clause inwhich bonuses were allowed to be paid out to AIG executive.. Under orders from Barrack. So A career politican or a Well respected Businessman. You decide!
Frank and Dodd are responsible folks, they was in charge they wre quoted in stating Freddie and Famnnie were solvent no crissi heer. Barnet=y boyfriend was in charge of Freddie.. While Dodd got sweethaeart loans on his prperties in which he refinanced at 2 points beloww prime .. His interest rate was less than .5% and he didn't do anything to assist Freddie and fannie.. BTW Dodd wrote the clause inwhich bonuses were allowed to be paid out to AIG executive.. Under orders from Barrack. So A career politican or a Well respected Businessman. You decide!
Don't make the mistake of underestimating Barney's business experience. Running a gay brothel in Washington D.C. wasn't without its administrative and logistical challenges. Handling the books for that operation would make a nice case study for Harvard Business School,
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#957750 - Nov 6, 2009 4:58 AM EST
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#957751 - Nov 6, 2009 5:01 AM EST
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#957786 - Nov 6, 2009 5:53 AM EST
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