Representative Barney Frank (D-Mass) has been named Porker of the Month for March by Citizens Against Government Waste. Newsmax reports the following:
Chairman Frank has never been shy about rewarding failure in the past and he generally favors using taxpayer dollars to do it. He was front and center in support of enactment of TARP, which noticeably had no enforceable strings attached related to executive compensation. Indeed, he helped promote perks for bank executives. According to a January 24, 2009 Boston Herald editorial, Chairman Frank made sure "one of the recipients of a $12 million infusion of federal cash was the troubled OneUnited Bank in Boston - a bank that had already been accused of 'unsafe and unsound banking practices.' Its CEO, Kevin Cohee had also been criticized by regulators for 'excessive' pay that included a Porsche." Chairman Frank included specific provisions in TARP aimed at bailing out OneUnited and spoke directly to Treasury officials about it.
This shouldn't be a big surprise to thinking folks who follow the news. Unless they only follow the mainstream media, that is. Two-faced Barney is notable only for the extreme partisanship he exhibits in his public dealings. It's a sad day for Massachusetts when they can't find a better person for the job.
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