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24%  
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  • Barney Frank’s Ties to Bailed-Out Financier Raising Ethics Questions

    10/19/2010 10:04:56 AM PDT · by jazusamo · 26 replies
    National Legal & Policy Center ^ | October 18, 2010 | Alana Goodman
      House Financial Services Committee Chair Barney Frank (D-MA) is just the latest member of Congress facing scrutiny for taking joy rides on a private jet owned by hedge-fund billionaire and federal bailout recipient S. Donald Sussman.Republicans say that Frank needs to clear up ethical concerns about his flight to the U.S. Virgin Islands on Sussman's $25 million private plane in 2009, and his subsequent vacation at the hedge-fund owner's luxurious Caribbean mansion. Sussman, a major philanthropist to liberal causes, has reportedly raked in $200 million in federal bailout funds for his company Paloma Securities. As head of the...