In a discussion about former Massachusetts Rep. Barney Frank's new book, "Frank: A Life in Politics from the Great Society to Same-Sex Message," Truthdig Editor-in-Chief Robert Scheer confronts Frank over President Bill Clinton’s role in creating the Great Recession and other issues dividing progressives from the Democratic Party leadership. The interview was produced by Joshua Scheer and broadcast April 2 on KPFK.
Truthdig Editor-in-Chief Robert Scheer confronts the former Massachusetts representative over President Clinton’s role in creating the Great Recession and other issues dividing progressives from the Democratic Party leadership.Truthdig Editor-in-Chief Robert Scheer confronts former Massachusetts Rep. Barney Frank over President Clinton’s role in creating the Great Recession and other issues dividing progressives from the Democratic Party leadership.
We are at the beginning of a great popular rebellion against those who showed no self-restraint when it came to lining their own pockets.
In a letter to House Financial Services Committee Chairman Barney Frank, reprinted here, New York Attorney General Andrew Cuomo shares what his office has discovered so far about AIG's scandalous bonuses, which "made more than 73 millionaires in the unit which lost so much money that it brought the firm to its knees, forcing a taxpayer bailout."
After pumping hundreds of billions into the banking system with not much to show for it, Fed chief Ben Bernanke says he will try to reduce the number of foreclosures. As he put it to Rep. Barney Frank: "The goal of the policy is to avoid preventable foreclosures on residential mortgage assets that are held, owned or controlled by a Federal Reserve Bank."
Rep. Barney Frank, the first openly gay member of Congress, isn't happy about the "high honor" Barack Obama has bestowed on the Rev. Rick Warren, who recently likened gay marriage to incest and pedophilia. This isn't a speech at a forum, the congressman points out, but a role that is "traditionally given as a mark of great respect."
It seems that some key officials involved in the negotiations with the Bush administration over the terms of Treasury Secretary Henry Paulson's $700-billion bailout proposal for Wall Street aren't about to make a deal unless it includes specific plans for congressional oversight and help for homeowners on the brink of foreclosure.
There's a lot the president doesn't like about the new housing bill, just passed by the House, but he'll hold his nose and sign it. The package includes huge guarantees for Freddie Mac and Fannie Mae -- the national debt ceiling had to be lifted by about $800 billion, just in case -- but also rescue for hundreds of thousands of homeowners at risk of foreclosure.