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Vice President Joe Biden had his “oops” moment Wednesday speaking in a 49er-crazed SF when he told a crowd at a city political fundraiser that “the Giants are on their way to the Super Bowl.” - SF Chronicle, 1-18-12
Barney doesn’t want to get frank
Watch video here of a testy exchange on the issue of regulation of executive compensation between CNBC’s Mark Haines and Democrat Rep. Barney Frank. Frank didn’t like the line of questioning so … he walked out of the interview.
This isn’t the first time Frank, the Chair of the House Financial Services Committee, has had a heated exchange with a cable TV news host. Bill O’Reilly ripped into him last October for his significant role in the collapse of the banking industry, and Frank lashed out at him in turn.
And speaking of regulating executive compensation, check this out:
WASHINGTON (AP) — The Obama administration struck a delicate balance on executive pay Thursday, blaming flawed compensation packages for encouraging disastrous risk-taking but insisting it doesn’t want to dictate how corporations reward their top people.
Gene Sperling, a top counselor to Treasury Secretary Timothy Geithner, conceded to a congressional committee that imposing compensation caps on companies could lead to a flight of talent.
“I can say with certainty that nobody in the Obama administration is proposing such a thing,” he said.
Yet, at the same time, he and officials with the Federal Reserve and the Securities and Exchange Commission laid out a case for how payment structures rewarded short-term gains at the expense of long-term performance and contributed to the nation’s financial crisis.
The administration plans to seek legislation that would try to rein in compensation at publicly traded companies through nonbinding shareholder votes and by decreasing management influence on pay decisions.
But some Democrats on the House Financial Services Committee said Thursday the administration’s efforts to hector the private sector into reforming executive pay might not go far enough.
“I do differ with the administration in that hope springs eternal and their position seems to be that if we strengthen the compensation committees we will do better,” said the committee chairman, Rep. Barney Frank, D-Mass.
On top of all this, make sure to read how the government is slowly but surely taking over yet another industry, this time, the tobacco industry.
Toto, we’re not in Kansas anymore.
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11 Responses to “Barney doesn’t want to get frank”
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Frank is a moron. It was so much fun watching him stammer and stutter. He’s a liar and a pig.
Barney Frank: poster child for the concept of public service becoming the public served. Obnoxious, arrogant, hypocritical, and destructive, this creep is one of the many reasons I left Massachusetts 12 years ago.
Barney Frank usually tries to get to the bottom of an issue. He loves penetrating give and take in a debate and rarely withdraws before having a solution.
Mr Frank is a very important person who is helping the White House make everything we have worked for worthless. He should not be questioned. Sad to say this is an elected official who the voters of Massachusetts will return to Washington in the next election. If I was to only read the Boston Globe and watched the NBC nightly news I would think that if we had more like Mr Frank everything will be ok. We can not let them succeed.
…..and that’s his upside, NC!
Boy, I’m so glad we have elected officials in this country that act like they’re above being questioned by anyone. Yeah, that kind of attitude never leads to trouble. *whistles*
Frank is unbelievably lucky he is such a long-termer in the House and in the majority party. If he were to be grilled under oath like, say, a SCOTUS nominee he would have to either perjure himself or admit that he, personally, was a large part of the financial suffering now being experienced by so many worldwide.
MA voters get what they deserve (like Frank, Kennedy and Kerry), but unfortunately, we all end up paying the price for what appears to be MA congenital stupidity and welfare greed.
My that was rude….but nothing new from Frank. If you read between the lines and believe in Freudian slips he actually says he misrepresented aka lied. No wonder he stopped the interview.
Here is another take from Real Confused Politics saying the 17 Senators who voted against this tobacco legislation were on the take. What the Real Confused blog failed to note is that the 17 might have patriotically voted against it because:
(1)It sets the government on a course to destroy the tobacco industry AND
(2)The government is depending more and more on tobacco taxes to pay for its control-of-everything grab.
Stupid, no?
LINK
Sorry, forgot link.
Typical cowardly response and reaction from Barney Frank. When he loses control of his rants and raves he cuts and runs. Thanks a lot MA. Real stellar representative you keep voting in.