Showing posts with label Frank. Show all posts
Showing posts with label Frank. Show all posts

Saturday, February 11, 2017

Barney Frank: Trump's Plan to Kill Wall Street Reform Act Could 'Crash' the Financial System (FORTUNE)

When President Donald Trump signed an executive order Friday to peel back the 2010 Dodd-Frank Wall Street Reform Act, the big banks rallied. Shares of the seven largest by market capitalization on the S&P 500 shot up by $35.4 billion, Fortune's Lucinda Shen reported.

But now Barney Frank, one of the authors of the act, has said that dismantling its safeguards on banks' abilities to accrue enormous debt and take on risky loans could place the entire financial system at risk, CNN Money reports....
http://fortune.com/2017/02/08/barney-frank-dodd-frank-trump-repeal/

Friday, September 30, 2016

CNN: Barney Frank: Tea party outmaneuvered Dems

He was one of the most effective legislators in Washington, an icon of Democratic politics. Now Barney Frank says the left has been outmaneuvered by the tea party and the populist right.

"To my great regret, the tea party movement has had much more impact on American politics than Occupy Wall Street," Frank, former congressman from Massachusetts, said to David Axelrod on "The Axe Files" podcast, produced by the University of Chicago Institute of Politics and CNN....
http://www.cnn.com/2016/09/26/politics/barney-frank-axe-files/index.html









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