Word: barney
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...Harvard College Lesbian, Gay, Bisexual, Transgender (LGBT) Political Coalition and co-sponsored by the Harvard BGLTSA and the Harvard College Democrats—most of the speakers agreed that sexual orientation should not define a politician. Nancy F. Korman, a lesbian who worked with openly gay Congressman Barney Frank ’61 for twelve years, said one’s sexual orientation is not an indicator of success, either in office or elsewhere in life. “You are a parent, you have a child in your arms, the child is critically ill,” Kornan said...
...arranged sale of about-to-fail Bear Stearns in mid-March and its subsequent decision to extend credit to other investment banks over which it has no regulatory say have been major prods to discussion. Both House Financial Services Committee chairman Barney Frank and Treasury Secretary Hank Paulson have since suggested that the Fed be given power to snoop around such institutions in search of market-endangering risks. Frank and presidential candidate Barack Obama have also talked of replacing the hodgepodge of federal and state regulatory agencies with a simpler and less loophole-ridden structure--and on March 31, Paulson...
...Just before the Easter break in mid-March, Barney Frank, head of the House financial services committee, announced a series of initiatives to restructure financial regulation, create a new financial services uber-regulator and stiffen restrictions on Wall Street's complex financial tools for issuing credit and raising capital. His proposals had strong backing in the Democratic caucus, according to Brendan Daly, spokesman for House Speaker Nancy Pelosi. What's more, in what Democrats say is a sign of the changing environment in the wake of the Bear Stearns collapse, the Senate this week will take up a new housing...
Volcker and many other observers argue that if a mass-scale financial bailout is needed, it's the White House and Congress that must commit the resources. So far, the main movement in that direction is a proposal from Democrats Barney Frank in the House and Chris Dodd in the Senate to get the Federal Housing Administration to insure new loans for home owners facing foreclosure. But Congress could decide to take over and clean up every troubled financial institution in the land if things got bad enough. That would cost trillions, though, and still won't mean much...
...Politicians occasionally survive sexual misconduct, as Clinton did. Representative Barney Frank of Massachusetts and Senator David Vitter of Louisiana both stayed in office despite their prostitution scandals. Spitzer could not because, in the end, "he's got no friends," says Democratic consultant Hank Sheinkopf, who worked on two of Spitzer's campaigns. "If you're seen as being the source of all moral behavior and then you turn out not to be that way, people are happy about...