Free Republic

Woke Silicon Valley Bank donated over $73 million to Black Lives Matter-related social justice groups in the years before it collapsed, while failed Signature Bank gave $850,000, it has been revealed. A database by the conservative Claremont Institute shows that SVB donated around $73,450,000 to the movement and other social-justice related causes as it worked to increase its Environmental, Social and Governance rating. Meanwhile, New York-based Signature Bank donated a total of $850,000 over several years before it failed on Sunday. The money was used to fund Black Lives Matter demonstrations and contributed to the organization's political action committee focused...

Democrats, including President Joe Biden and Sen. Elizabeth Warren (D-Mass.), are blaming Donald Trump for the sudden collapse of two banks, Silicon Valley Bank and Signature Bank. But Barney Frank, a leading sponsor of the Dodd-Frank Act, sharply disagrees. The law, signed by then-President Barack Obama in 2010, made significant changes to Wall Street regulations and federal financial regulatory agencies in the aftermath of the financial meltdown in 2008. The bill, though controversial, was theoretically designed to protect Americans. Democrats say Trump is responsible because he signed a law rolling back some of the regulations enacted by the Dodd-Frank Act....

- On Friday, Signature Bank customers spooked by the sudden collapse of Silicon Valley Bank withdrew more than $10 billion in deposits, a board member told CNBC. - That run on deposits quickly led to the third-largest bank failure in U.S. history. Regulators announced late Sunday that Signature was being taken over to protect its depositors and the stability of the U.S. financial system. - “I think part of what happened was that regulators wanted to send a very strong anti-crypto message,” said board member and former congressman Barney Frank.On Friday, Signature Bank customers spooked by the sudden collapse of...

Former Rep. Barney Frank (D-MA), author of the 2010 Dodd-Frank bill, sat on the board for Signature Bank which collapsed in the wake of the Silicon Valley Bank (SVB) implosion. The U.S. Treasury Department, the Federal Reserve, and the Federal Deposit Insurance Corporation (FDIC) announced in a joint statement on Sunday the plan to manage the fallout of SVB’s collapse as well as the demise of Signature Bank. “Today we are taking decisive actions to protect the U.S. economy by strengthening public confidence in our banking system,” the joint statement read. “This step will ensure that the U.S. banking system...

FARC, whose leaders are going on trial, is one of the many murderous offshoots of that ‘real socialism’ the Left insists ‘has never been tried.’A special court has been convened in Colombia to try eight leaders of the Marxist-Leninist terrorist outfit known as FARC — Fuerzas Armadas Revolucionarias de Colombia — on war crimes and crimes against humanity charges. Perhaps justice will be done upon these eight — will it ever be done for their enablers in the United States and elsewhere?FARC is one of the many murderous offshoots of that “real socialism” that our leftist friends always insist “has...

Subprime Scandal: We've long suspected the Financial Crisis Inquiry Commission wasn't honest in examining events before the meltdown. But an ex-commissioner says the probe was actually a full-blown political cover-up. In a just-released book, former FCIC member Peter Wallison says that a Democratic Congress worked with the commission's Democratic chairman to whitewash the government's central role in the mortgage debacle. The conspiracy helped protect some of the Democrats' biggest stars from scrutiny and accountability while helping justify the biggest government takeover of the financial sector since the New Deal. Wallison's sobering, trenchantly written "Hidden in Plain Sight: What Really Caused...

WASHINGTON — At the height of the 2008 economic collapse, then-New York Mayor Michael Bloomberg said the elimination of a discriminatory housing practice known as “redlining” was responsible for instigating the meltdown. “It all started back when there was a lot of pressure on banks to make loans to everyone,” Bloomberg, now a Democratic presidential candidate, said at a forum that was hosted by Georgetown University in September 2008. “Redlining, if you remember, was the term where banks took whole neighborhoods and said, ‘People in these neighborhoods are poor, they’re not going to be able to pay off their mortgages,...

While the Democrat establishment tends to favor candidates like Joe Biden (D) and Bloomberg, Horwitz said it is “obvious” that the former vice president is “not all there anymore.” “He’s clearly not as sharp. He’s struggling to find his words. He is a man who is mentally deteriorating, and I think that’s a reason Bloomberg has jumped into the race,” he said, describing the billionaire as a “fallback for the establishment in case Biden truly breaks down mentally.” There is no comparison, Horwitz contends, between Sanders’ grassroots support and the establishment backing of Biden and Bloomberg. “If you just look...

Some Democratic National Committee (DNC) members and supporters of Sen. Bernie Sanders (I-Vt.) are venting frustration at DNC Chairman Tom Perez over his initial appointments to the committees that will oversee the rules and party platform at the nominating convention in Milwaukee later this year. Sanders’s allies are incensed by two names in particular: former Rep. Barney Frank (D-Mass.), who will co-chair the rules committee, and Hillary Clinton’s former campaign chairman John Podesta, who will have a seat on that committee.

Supporters of Sen. Bernie Sanders' White House bid and some Democratic National Committee members are frustrated with some initial appointments made by DNC Chairman Tom Perez to the crucial committees that will oversee the rules and party platform at this summer’s presidential nominating convention in Milwaukee, Wis. Their frustration comes after Perez named former Rep. Barney Frank of Massachusetts – who was a surrogate for Hillary Clinton’s 2016 presidential campaign -- as co-chair of the convention’s Rules Committee. And Perez picked John Podesta – who served as Clinton’s 2016 campaign manager – to have a seat on the committee.

This is a perilous time for a fair and passionate judge to leave the bench. By doing so, they risk having Donald Trump appoint their replacement, and considering Trump’s policies and beliefs, that new appointee is pretty likely to have a harsh anti-immigration stance. But dozens of immigration judges have reported that despite their efforts to stick out the presidency, they’ve just reached their breaking points. The Los Angeles Times spoke with dozens of judges who are quitting or taking early retirement because they simply cannot stomach having to enforce Trump administration policies on immigrants. Immigration Judge Charles Honeyman served...

Supporters of Sen. Bernie Sanders' White House bid and some Democratic National Committee members are frustrated with some initial appointments made by DNC Chairman Tom Perez to the crucial committees that will oversee the rules and party platform at this summer’s presidential nominating convention in Milwaukee, Wis. Their frustration comes after Perez named former Rep. Barney Frank of Massachusetts – who was a surrogate for Hillary Clinton’s 2016 presidential campaign -- as co-chair of the convention’s Rules Committee. And Perez picked John Podesta – who served as Clinton’s 2016 campaign manager – to have a seat on the committee. The...

Former U.S. Rep. Barney Frank asserted that Mayor Pete Buttigieg’s sexual orientation is helping him in the polls among Democrats running for president, saying voters likely give Buttigieg credit for being open and honest about himself. “His being gay is an advantage,” Frank, who became the first openly gay Congress member in 1987, told the Boston Globe on Friday. Frank, 79, who represented Massachusetts in the House from 1981 to 2013 after serving as a state lawmaker, added that if Buttigieg were straight he didn’t think he would be doing as well. It “gives people a chance to affirm their...

What does it say about the Huffington Post when one of their religion bloggers flat out lies about supposed racial slurs hurled at Congressman John Lewis at the March 20 Tea Party in Washington D.C.? Here is Eddie Glaude, Jr., Professor of Religion at Princeton University, performing his Pinocchio impression: The word n----er found its way back into our national conversation recently. Some tea party activists hurled the epithet at Congressman John Lewis. Along the way they called Representative Barney Frank a faggot and spat on Congressman Emanuel Cleaver. This venom was supposedly provoked by health care reform; it only...

NEW YORK - After 12 years advocating for abortion rights, Joe Solmonese might have opted for a less divisive field of work. Instead, he is taking over leadership of the largest national gay-rights group at a time when the same-sex marriage debate rivals abortion for volatility and virulence. "My challenge is to talk about why the equality we seek is not just important to our community, but should be important to everyone," Solmonese said. "I have to believe in the optimism and fair-mindedness of the American people." Solmonese was named last week as the new president of the Washington-based Human...

President Donald Trump has promised sweeping reforms to "horrendous" US banking regulations that were introduced after the financial crisis. "We're going to do a very major haircut on Dodd-Frank," he said, referring to the Wall Street and consumer protection rules Barack Obama enacted in 2010. Dodd-Frank aimed to prevent banks taking on too much risk and to separate their investment and commercial arms.

Posted 2008 Who shall separate us from the love of Christ? shall tribulation, or distress, or persecution, or famine, or nakedness, or peril, or sword? Nay, in all these things we are more than conquerors through him that loved us. Romans 8:35,37 KJV All the outrage over Bernie Madeoff is pretty surprising. Sure he bilked people out of everything they had, putting them in financial disaster and bankruptcy? So he lied to people over decades taking everything they saved in a fraudulent investment Ponzi scheme bankrupting Pension/Charity and College funds. So he was lying to investigators about those cooked books...

What’s Barney Frank’s take on President Donald Trump’s first action to scale back the landmark financial overhaul law that bears his name? Don’t bank on it succeeding, he says. […] Any scaling back of Dodd-Frank would have a difficult time getting through Congress, because many Republican lawmakers’ constituents favor policing Wall Street, Frank told The Associated Press in an interview. He spoke Friday after Trump signed an executive order directing the Treasury secretary to review the Dodd-Frank law. Trump has called the law a “disaster,” pledging to dismantle it. …

On Tuesday’s broadcast of MSNBC’s “Hardball,” former Representative Barney Frank (D-MA) quipped that Supreme Court Justice Antonin Scalia “was actually the leading advocate of fag-burning, not flag burning,” which caused confusion for President-Elect Donald Trump. Frank, after noting that Justice Antonin Scalia opposed bans on flag-burning, said Trump “cited Scalia as his favorite judge. I think there was a pronunciation problem there. Scalia was actually the leading advocate of fag-burning, not flag-burning, and I think that’s where he got himself a little confused.”

Former Rep. Barney Frank (D-Mass.) spoke at the Democratic National Convention’s LGBT Caucus meeting on Tuesday where he harshly criticized GOP presidential nominee Donald Trump’s promise to appoint a Supreme Court Justice like the late Antonin Scalia. “There has never been a more highly placed militant homophobe in the history of the United States,” Frank said of Scalia. “He was a bigot.” […] This is not the first time Frank has called Justice Scalia a homophobe. He most recently told Slate following Scalia’s death that he “was troubled that his homophobia never got mentioned when he died.” …