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.
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.
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.
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.