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Barney Frank Gets Desperate
Economic Policy Journal ^ | 10/21/10 | Robert Wenzel

Posted on 10/22/2010 8:50:39 AM PDT by FromLori

All indications are that 15-term Democratic congressman Barney Frank is in the political race of his life against Republican Sean Bielat.

How deseperate?

He is hitting up those around the banks he bailed out, after promising he wouldn't do so.

The Boston Herald reports: U.S. Rep. Barney Frank, in an intensifying clash with GOP upstart Sean Bielat, has pledged not to take campaign cash from lenders that got federal bailouts — yet has raked in more than $40,000 from bank execs and special interests connected to the staggering government loans, a Herald review found.

Frank vowed in February 2009 that he wouldn’t accept campaign donations from banks that received money under the $700 billion Troubled Asset Relief Program (TARP) or political action committees tied to such institutions.

But Frank has hauled in thousands from top execs at Bank of America, Citizens Bank, Wainwright Bank, JP Morgan Chase and other institutions that received billions in TARP money.

Just yesterday, Frank made new campaign finance disclosures showing he received $17,000 from top executives of Bank of America — including $2,000 from CEO Brian Moynihan. B of A received $45 billion in bailout money. In all, Frank has hauled in at least $27,000 since 2009 from bank execs — and $13,000 from PACs — connected to banks that received TARP funding, including:

• $5,000 earlier this month from the Bank of America Corp. Federal PAC;

• $10,000 in August and September from the Bipartisan PAC/Bank of New York Mellon Corp.; Mellon received $3 billion from TARP;

• $2,000 in June 2009 from the Financial Services Roundtable PAC, which counts TARP recipients B of A, JP Morgan Chase and Wells Fargo among its members; and

$1,000 in March from U.S. Bancorp PAC; the Minnesota-based bank received more than $6 billion in TARP funds Email ThisBlogThis!Share to TwitterShare to FacebookShare to Google Buzz


TOPICS: Government
KEYWORDS: democrats; politics
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To: FromLori; All

Donate to Bielat folks.

DO IT!

This are the races that donations can help!


21 posted on 10/22/2010 10:16:10 AM PDT by Names Ash Housewares ( Refusing to kneel before the "messiah".)
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To: FrankR

I think Barney would enjoy being tied up by those guys.


22 posted on 10/22/2010 3:17:42 PM PDT by Bridesheadfan
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To: FromLori
Jay Severin was all over this on his show this afternoon.

It would be just the sweetest thing to wake up the morning after the election to learn that Barney LOST!

23 posted on 10/22/2010 8:36:57 PM PDT by SuziQ
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To: SuziQ

That is just great I am so glad someone picked up on it and is bringing it to people’s attention.


24 posted on 10/22/2010 8:47:43 PM PDT by FromLori (FromLori)
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To: FromLori

bttt


25 posted on 10/23/2010 11:08:07 PM PDT by 1035rep
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To: skeeter

No one is going to tell Barney to man up.


26 posted on 10/23/2010 11:09:47 PM PDT by A CA Guy ( God Bless America, God bless and keep safe our fighting men and women.)
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