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Barney Frank

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  • Rep. Frank: Taxes, Spending Cuts & the Cliff     Thursday, 15 Nov 2012 | 2:17 PM ET

    Is it time to put spending cuts front and center in the debate? Rep. Barney Frank (D-MA), discusses the odds of getting a deal on the fiscal cliff. "The country is ready for substantial reductions in military spending," he says.

  • WASHINGTON, Nov 1- Wells Fargo has gone to court to challenge a financial-crisis lawsuit recently brought against it by the Justice Department, saying a prior multi-bank $25 billion mortgage settlement already cleared it of some liability.

  • *CEOs demand Congress find debt solution. WASHINGTON, Oct 25- Chief executives of more than 80 big U.S. corporations, including Goldman Sachs, Cisco Systems and Boeing, joined forces to press Congress to reduce the federal deficit in a rare show of broad corporate unity.

  • *US says bank sold toxic loans to Fannie Mae, Freddie Mac. NEW YORK, Oct 24- The United States filed a fraud lawsuit against Bank of America Corp, accusing it of causing taxpayers more than $1 billion of losses by selling thousands of toxic mortgage loans to Fannie Mae and Freddie Mac.

  • *US says bank sold toxic loans to Fannie Mae, Freddie Mac. Oct 24- The United States filed a civil mortgage fraud lawsuit against Bank of America Corp, accusing it of selling thousands of toxic home loans to Fannie Mae and Freddie Mac that went into default and caused more than $1 billion of losses.

  • Barney Frank Defends JPMorgan Against Bear Stearns Suit Wednesday, 24 Oct 2012 | 4:21 PM ET

    Rep. Barney Frank, a Massachusetts Democrat, defended JPMorgan from the recent lawsuit brought against it related to alleged fraud at Bear Stearns on CNBC’s "Closing Bell" Wednesday.

  • Crisis highlights running dispute over US fish law Saturday, 6 Oct 2012 | 11:53 AM ET

    BOSTON-- The law that governs the nation's fisheries was passed 36 years ago to oust foreign boats working in U.S. waters. The law has become "an impediment to keeping the fishing industry alive," said Scituate fisherman Frank Mirachi.

  • Dodd-Frank Won't Prevent Another Financial Crisis: Pros Wednesday, 12 Sep 2012 | 12:08 PM ET
    Bank Metallic Sign

    A range of regulatory failures caused the financial crisis in 2008, and the Dodd-Frank Act will not prevent a future financial crisis, two bank executives told CNBC's "Squawk Box" on Wednesday.

  • Bank Breakups ‘Not a Very Good Idea’: Rep. Frank Thursday, 26 Jul 2012 | 5:44 PM ET
    Barney Frank

    Now's not the time to talk about breaking up the banks, Rep. Barney Frank (D-MA), told CNBC’s “Closing Bell” on Thursday. Frank was responding to former Citigroup CEO Sanford Weill’s call on Wednesday to separate commercial banks from investment banks.

  • Barney Frank Takes on Jamie Dimon     Tuesday, 19 Jun 2012 | 11:55 AM ET

    Rep. Barney Frank, (D-MA), asks JPMorgan CEO Jamie Dimon why he thinks the derivatives business should be exempted from further regulation.

  • Rep. Frank Blasts Bills to Blunt Law on Derivatives Thursday, 5 Apr 2012 | 3:51 PM ET

    House Republican attempts to blunt Dodd-Frank's regulatory requirements on derivatives would remove transparency and "allow these prices to continue to be secret," Rep. Barney Frank told CNBC Thursday.

  • Rep. Barney Frank on Regulation     Thursday, 5 Apr 2012 | 2:14 PM ET

    Two bills are making their way through congress that could substantially change how derivatives are regulated. Massachusetts Democrat Barney Frank discusses how the bills could gut key regulations from the Dodd-Frank Act.

  • Avoiding Hidden Credit and Debit Card Fees Friday, 7 Oct 2011 | 2:23 PM ET
    Master Card

    In September 2011, Bank of America announced that it would charge customers a monthly fee of $5 for debit card use.  Consumers may be unhappy with the decision, but they’re already paying fees on their credit and debit cards all the time. Here are some things to watch out for to avoid paying extra fees on credit and debit cards.

  • Making Munis Taxable Will Hurt Cities: Rep. Frank Wednesday, 21 Sep 2011 | 1:15 PM ET

    Rep. Barney Frank opposes the part of the Obama jobs plan changing the tax-exempt status of income from municipal bonds, saying it would hurt the states and cities the job-creation measure intends to help.

  • Fed Bashing Becomes the One Issue Both Parties Agree On Wednesday, 21 Sep 2011 | 11:10 AM ET
    Senate Committee on Banking Housing and Urban Affairs hearing during which Federal Reserve Board Chairman Ben Bernanke delivers second semi-annual report on monetary policy.

    In a rare display of bipartisanship, both Republicans and Democrats appear to believe that the Fed needs reforming. But they disagree on what exactly the problem is.

  • Government Regulation

    Today marks one year since the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 was signed into law. One year since Rep. Barney Frank and former Senator Chris Dodd  chose to ignore our concerns that this bill would stifle the recovery, harm job creation and crush Main Street America.

  • Cut The Military, Not Medicare: Rep. Barney Frank Wednesday, 25 May 2011 | 5:16 PM ET

    If the U.S. Congress hadn't approved the military operations in Iraq or Afghanistan during the Bush presidency there wouldn't be the need to raise the debt ceiling now, U.S. Rep. Barney Frank told CNBC Wednesday.

  • Redesigning the Fed     Tuesday, 3 May 2011 | 8:04 AM ET

    Rep. Barney Frank (D-Mass.) discusses his legislative proposal to remake the Federal Reserve. Because setting rates is a public function, Rep. Frank believes regional members should be elected, not hand picked by people in the financial industry.

  • If Big Banks Raise Fees, Bank Elsewhere: Rep. Frank Friday, 25 Mar 2011 | 6:45 PM ET

    Should big banks jack up fees, Rep. Barney Frank, (D-Mass.), told CNBC Friday that he would urge bank customers to shop around and find community banks and credit unions that offer services for free.

  • Emergency Escape Hatch

    Despite almost universal recognition that the failures of the credit ratings agencies to perceive and disclose the risk in asset-backed securities played a pivotal role in setting the stage for the financial crisis, they’re still an integral—and legally mandatory—part of our financial system. They’re so influential, in fact, that they can effectively veto efforts to regulate them.