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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....

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...

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. …

Former Rep. Barney Frank spent decades as one of the Democratic Party’s most recognizable left-wing figures. Now, in what may be one of his final public warnings, he is telling Democrats that their loudest activists have pushed the party into territory the public simply is not buying. Frank’s warning, delivered as he enters hospice, is blunt. He is not attacking the left from the right. He is saying the left has made a strategic mess of things by turning its most controversial causes into purity tests and then acting surprised when voters balk. “I think we’re in a situation where...

Liberal icon, former Rep. Barney Frank, who is dying of congestive heart failure, spoke out from hospice to deliver a stark warning to Democrats for swinging too far to the left on social issues — and said it will cost them with voters.

Washington, D.C. – Senate Finance Committee Ranking Member Ron Wyden, D-Ore., and Sen. Rand Paul, R-Ky., introduced legislation today to repeal Donald Trump’s global tariffs, with Senate Minority Leader Chuck Schumer, D-N.Y., and Sens. Tim Kaine, D-Va., Jeanne Shaheen, D-N.H., Peter Welch, D-Vt., and Elizabeth Warren, D-Mass. The binding measure will be treated as a privileged resolution that must receive a vote on the Senate floor. The measure would terminate the emergency that Trump declared in order to slap tariffs of up to 40% on products Americans buy from other countries. In the wake of Trump’s tariff declaration, costs have...

Spirit Airlines is preparing to shutter operations after a $500 million bailout deal with the Trump administration fell apart, according to a report Friday. The embattled budget airline has been unable to secure enough funding from the government and certain bondholders to keep it in business, the Wall Street Journal reported, citing sources familiar with the matter. Spirit had been in talks with the Trump administration about a deal that would hand the government a stake of up to 90% in exchange for a major cash boost — potentially allowing the White House to use part of the bankrupt carrier’s...

Spirit Airlines is preparing to cease operations after a last-ditch rescue effort reportedly collapsed, leaving the struggling budget carrier on the brink of collapse. The ailing airline had been hoping to secure a $500 million lifeline from the government to keep it afloat, but talks have failed to produce a deal. People familiar with the matter told the Wall Street Journal that Spirit has been unable to win sufficient backing from key bondholders and government officials, raising serious doubts over its ability to continue operating. Discussions had taken place with the Trump administration over a potential bailout package that would...

The White House is reportedly considering a plan to take over Spirit Airlines and use part of the bankrupt carrier’s fleet for military missions. Under the proposal, President Trump would invoke the Defense Production Act to loan Spirit Airlines money for national defense purposes, CBS News reported on Friday. The Pentagon would then use the budget airline’s “excess capacity for transporting troops, military cargo or other missions,” the outlet said, citing sources. Spirit’s creditors would need to sign off on the strategy. The company, known for its bright-yellow planes and low-cost fares, has declared bankruptcy twice in the past two...

The Trump administration is in advanced talks for a financing package for Spirit Airlines as the carrier is facing the risk of a liquidation, according to a person familiar with the matter. The iconic discounter Spirit has been challenged for years by rising costs, changing consumer tastes, an engine recall and a court-blocked plan to be acquired by JetBlue Airways two years ago. “Spirit Airlines would be on a much firmer financial footing had the Biden administration not recklessly blocked the airline’s merger with JetBlue,” White House spokesman Kush Desai said in a statement to CNBC. “The Trump administration continues...

Spirit Airlines has approached the Trump administration about an emergency bailout to keep the beleaguered discount carrier in business and avoid liquidation due to skyrocketing fuel prices, CBS News has learned. "Spirit is looking for a lifeline," a source familiar told CBS News. Some Spirit creditors have questioned the airline's ongoing viability and are concerned the airline will not be able to make an upcoming multimillion-dollar debt payment due to surging fuel prices, raising the possibility that the carrier could be forced into liquidation in the near future. Spirit executives and other low-cost carriers are expected to meet with Transportation...

Spirit Airlines could dissolve as soon as today and leave passengers who have already booked tickets stranded at airports around the country. The carrier filed for bankruptcy twice between November 2024 and August 2025, and it currently remains under Chapter 11 protection. Spirit was able to survive based on the assumption that jet fuel prices would remain stable and that it would be able to maintain its passenger capacity at 80 percent, hoping to exit restructuring in early summer. But since the war with Iran, jet fuel prices have nearly doubled in large cities such as New York, Houston, Chicago...

An American scientist convicted of lying to U.S. authorities about payments from China while he was at Harvard University has rebuilt his research lab in Shenzhen to pursue technology the Chinese government has identified as a national priority: embedding electronics into the human brain. Charles Lieber, 67, is among the world’s leading researchers in brain-computer interfaces. The technology has shown promise in treating conditions such as ALS and restoring movement in paralyzed patients. But it also has potential military applications: Scientists at China’s People’s Liberation Army have investigated brain interfaces as a way to engineer super soldiers by boosting mental...

An American scientist convicted of lying to U.S. authorities about payments from China while he was at Harvard University has rebuilt his research lab in Shenzhen to pursue technology the Chinese government has identified as a national priority: embedding electronics into the human brain. Charles Lieber, 67, is among the world’s leading researchers in brain-computer interfaces. The technology has shown promise in treating conditions such as ALS and restoring movement in paralyzed patients. But it also has potential military applications: Scientists at China’s People’s Liberation Army have investigated brain interfaces as a way to engineer super soldiers by boosting mental...

Democrat congressman claimed Wednesday that Secretary of War Pete Hegseth has committed the “exact same” kind of war crimes that led to the Nuremburg trials and executions of Nazi submarine captains following World War II. During an appearance on CNN, Rep. Seth Moulton (D-Mass.) attempted to revive the Democrats’ “double tap” hoax that fizzled out last December, telling host Erin Burnett that Hegseth is “absolutely” guilty of war crimes. “I mean, he’s clearly behind the operation to shoot all these boats in the Caribbean when it’s very unclear that we actually have any confirmation that these so-called narco terrorists, a...

Beneath rolling storm clouds and a spattering of spring rain, about two dozen people holding blue and white signs march in front of Harvard University’s Science Center. Circling around a young woman holding a megaphone, their chants ricochet off stately brick buildings dotting the campus. The woman in the middle shouts: “What’s outrageous?” “Harvard’s wages!” the crowd replies. ... The strike comes at a tenuous time for Harvard, which has endured the glare of the national spotlight as President Donald Trump assails the university with the full force of the U.S. government. Harvard has faced government lawsuits, billions of dollars...

Last month, the U.S. Department of Justice issued a press release announcing an investigation into gender self-identification policies in women’s prisons. The decision comes against the backdrop of mounting allegations of “rape, voyeurism, and a pervasive climate of sexual intimidation” in states where male inmates are housed according to their self-declared “gender identity.” Under the authority of the Civil Rights of Institutionalized Persons Act (CRIPA), the Justice Department will determine whether facilities in California and Maine have exposed incarcerated women to “unconstitutional risks of harm from male inmates.”Massachusetts should be the next jurisdiction on the list. Just west of Boston,...

Iconic Leftist Hampshire College Permanently Closing at End of the Year “Despite pursuing a financial sustainability plan and raising more than $55 million through its Change in the Making campaign, efforts in enrollment growth, debt refinancing and land development did not yield a viable path forward.” The trustees of Hampshire College have voted to close the school after the fall semester of 2026. This marks the end of a process that began a few years ago when the school began to face the possibility of such a decision. Located in central Massachusetts, Hampshire College is a progressive institution that makes...