Bailout Barney Says Banks `Deluded' if They Resist New Taxes & Regulation (3 Davos VIDEOS)

Jan. 29 (Bloomberg) -- U.S. Representative Barney Frank, a Massachusetts Democrat and chairman of the House Financial Services Committee, talks with Bloomberg's Erik Schatzker about bank regulation. Frank, speaking at the World Economic Forum in Davos, Switzerland, also discusses the outlook for Federal Reserve Chairman Ben S. Bernanke's second term. The Senate voted 70-30 to confirm the 56-year-old Bernanke. The opposing votes were the most since the chamber started confirming Fed chiefs in 1978.

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Video:  Rep. Barney Frank on Wall Street vs. Washington -- January 29, 2010

Summary article from CNBC with quotes  >>

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Video:  Bailout Barney

A day after the confirmation of Federal Reserve Chairman Ben Bernanke for a second term, Barney Frank, chairman of the House Financial Services Committee, told CNBC that Bernanke has not been weakened and that President Obama's bank plans are death for bad financial institutions.

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Three short clips from Davos; two with CNBC's Becky Quick and one from Bloomberg.

Comments

[James H]

Hah, Fat Barney thinks HE helped save the world, too. This is getting to be a crowded trade. Sell 'em short!

On the other hand, check these guys out. It's the Tea Party people and guess what pisses them off most -- yep, the bailouts. Awesome interview with Katie Couric.
http://www.youtube.com/watch?v=Akf6zuYFbkM

[James H]

These guys have about half a clue about the need for the bailouts. One of the guys thinks it's all because of the CRA and loaning to poor people. Steve, you would have kicked ass if you had been up there with these guys. Ditto for any of the DB regulars.

These guys could use some direction on this.

[James H]

One of these guys talks positively about Glenn Beck and Sarah Palin, but the other points out that a LOT of people DON'T like Palin and Beck. That's both interesting and positive.

Also interesting for Steve and The Daily Bail, the thing that started these guys on their path to activism was in part Rick Santelli's rant. That's how I found The Daily Bail was looking for responses to Santelli.

[Ken]

HANG FUCKING WASHINGTON CRIMINAL TRAITORS NOW FELLOW AMERICANS

Economic warfare erupts between U.S., Russia and China
http://www.youtube.com/watch?v=T5gu1h3NXJw&feature=player_embedded#

[S. Gompers]

Ole Barney must be trolling for some campaign contributions to make it go away... He has done so much for so little for the bankers. Squeeky wheel gets the grease...

I owe, I owe, so off to work I go... Till my place of employment goes to China. Americans love having their faces in the lap of China.

All are guilty,

http://www.msnbc.msn.com/id/35192016/ns/politics-the_new_york_times

http://www.msnbc.msn.com/id/35191073/ns/world_news-asiapacific

Now the Communists will begin exerting their will over our policy since we owe them so much money. America has spoken, borrowing money from the Commies was SMART...

[DailyBail]

james...thanks for the tea party link and your summary...i will post it from you because i don't have the time to watch it...

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gompers...really enjoyed the links...i've had the same thought for years...why are we so blind and stupid that we are allowing our natural enemies (Communism) to take control our decisions through their debt-financing...it's mind-boggling...

I would like to see Patton come back to life to give a speech to Congress and explain the problems with deficit spending being financed by money-printing and communists...

[S. Gompers]

They always said they would take us without firing a shot... And the American people have been very accomadating.

[Ken]

BARNEY FRANK CRIMINAL MUST BE HANGED SADDAM STYLE ASAP

Italy Seizes Bank of America, Dexia Assets Amid Probe (Update2)
http://www.businessweek.com/news/2010-02-03/italy-seizes-bank-of-america-dexia-assets-in-derivatives-probe.html

Mel Gibson gives his opinion about Goldman Sachs crooks.
http://www.metatube.com/en/videos/28510/Mel-Gibson-Calls-Jewish-Reporter-an-ASSHOLE-HD/

Banksters Get $4 Trillion Gift From Barney Frank
Banksters Get $4 Trillion Gift From Barney Frank
it supports the biggest banks. It authorizes Federal Reserve banks to provide as much as $4 trillion in emergency funding the next time Wall Street crashes. So much for “no-more-bailouts” talk. That is more than twice what the Fed pumped into markets this time around. The size of the fund makes the bribes in the Senate’s health-care bill look minuscule.
http://www.bloomberg.com/apps/news?pid=20601039&sid=a48c8UpUMxKQ
Nuggets Gleaned

Here are some of the nuggets I gleaned from days spent reading Frank’s handiwork:

-- For all its heft, the bill doesn’t once mention the words “too-big-to-fail,” the main issue confronting the financial system. Admitting you have a problem, as any 12- stepper knows, is the crucial first step toward recovery.

-- Instead, it supports the biggest banks. It authorizes Federal Reserve banks to provide as much as $4 trillion in emergency funding the next time Wall Street crashes. So much for “no-more-bailouts” talk. That is more than twice what the Fed pumped into markets this time around. The size of the fund makes the bribes in the Senate’s health-care bill look minuscule.

Very soon all the arrogants will get whats coming to their kind
Tyrannical thieving bastards end up hanged with piano wire, Or worse. But its definitely coming very soon no doubt about that.

CIVIL UNREST TIME LINE NOV 2010-2011 KEN PREDICTION STANDS