Posted on 03/16/2023 11:49:07 AM PDT by ChicagoConservative27
Barney Frank, the former congressman from Massachusetts who helped design the landmark banking safety legislation after the 2008 economic crisis, defended his involvement with the now-defunct Signature Bank, which was taken over by New York state officials this week.
“I worked as a member of Congress for a certain objective,” Frank said in an interview with the Financial Times. “And then having retired, not having a pension by my choice, not wanting to be a lobbyist for reasons personal, I need to make some money.”
(Excerpt) Read more at thehill.com ...
“not having a pension by my choice” -— I would like to evidence of this statement.
Moron considers himself some kind of economic guru, same as Paul Ryan. None of these idiots ever had a job and know nothing about economics. Most of the banking problems are because of Dodd/Frank. What a piece of crap that is.
Hmm...it makes a whole lot more sense than joining it after the failure.
As I said before, it should be Standard Practice that when a bank fails and depositors money is at risk, Every last Corporate Officer and Board Member should be ASSET STRIPPED to help pay for their malfeasance.
No pension by choice? What is the point of this?
I don’t know his financial situation, but, is he trying to win brownie points by saying he rejected his earned vested pension from serving in Congress? But then he needed money, so he had to work for a bank which failed in part due to bad management, of which he was a part? I don’t get what he’s trying to say.
Frank is the worst pol there is; just wasted space.
Let’s see....Barney’s Washington home was used as a gay brothel, and he fixed many of the parking tickets that resulted, BUT he ‘knows nothing, nothing’
There are videos of him and crazy Maxine Waters testifying that Fannie and Freddie were just fine.
Seeing as the bank just failed, how about Barney Frank explaining what he contributed to the management of this institution. Did they get their money’s worth from what they paid him?
Banking Queen
https://www.youtube.com/watch?v=a5NrqqK60OI
It’s OK, he just did it because he needed the money, just like those male prostitutes that worked out of his basement.
“And then having retired, not having a pension by my choice, not wanting to be a lobbyist for reasons personal, I need to make some money.”
Could have serviced friends in the parking lot for money ... just your choice of unethical behavior.
Nothing says failure like putting a Bolshekrat on the board.
“I needed the money.” was his first response...
Good point. It is odd.
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