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Ken Langone: 'Banks Were Made The Scapegoats...Beaten Up Mercilessly, Unfairly'
Friday, September 4, 2015 - 1:40pm | 382Read More...The people at Wall Street Week were kind enough to share a preview of this Sunday’s show with Benzinga. The featured guest will be none other than the legendary billionaire investor and co-founder of Home Depot Inc (NYSE: HD), Ken Langone. Among other subjects, Langone went into the...
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Barney Frank: Never Against JPMorgan Being Too Big, Disagrees With Jamie Dimon's Letter
Friday, April 10, 2015 - 2:23pm | 395Read More...JPMorgan Chase & Co. (NYSE: JPM) CEO Jamie Dimon recently wrote his annual letter to shareholders in which he argued against the new regulations on banks. However, he voiced appreciation for the safety of the financial system and was positive that the size of JPMorgan doesn't pose a risk...
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Mortgage Rates Drop, Difficulties Loom for Potential Buyers
Thursday, October 4, 2012 - 8:41am | 418Read More...On Wednesday, the Mortgage Bankers Association had some good news for prospective home buyers: the average rate for 30-year-fixed mortgages dropped to 3.53 percent. However, The Wall Street Journal reported today on mortgage “put-backs,” and how that policy is hurting the overall housing market...
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Barney Frank on Bloomberg: Congress "Can't Write Laws" to Stop Errors Like Knight
Thursday, August 2, 2012 - 4:54pm | 2185Read More...Representative Barney Frank, D-Mass., spoke to Bloomberg TV's Stephanie Ruhle and Eric Schatzker Thursday morning, saying that Congress "can't write laws" to prevent technical errors like what happened Wednesday with Knight Capital. Frank also said that, while he has not yet followed the news of...
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Bernanke Tells Congress It Needs Better Forward Planning
Wednesday, February 29, 2012 - 1:05pm | 252Read More...During Federal Reserve Chairman Ben Bernanke testimony today before Congress, Republican Congressman Spencer Bachus and Democrat Congressman Barney Frank engaged in a debate over what would be the best way to solve America's growing deficit problem. Congressman Bachus said that the most important...
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Barney Frank Will Not Seek Reelection
Monday, November 28, 2011 - 3:25pm | 143Read More...Rep. Barney Frank (D-Mass.) announced on Monday that he will not be seeking reelection. The announcement marks the end of a 32-year career in the House of Representatives for the 71 year-old Congressman. The decision was revealed at a press conference this afternoon where Frank said that...
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When The Fat Lady Sings
Friday, July 29, 2011 - 12:08pm | 731Read More...It may not be the fat lady singing at the end of the opera, but the portly Congressmen this time is talking about the end game. Congressmen Barney Frank (D-MA) said that he believes a default is more likely now than it was before, with all of the finger pointing and fighting going on in Washington...
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Ron Paul and Barney Frank Pass the Joint to the Left
Friday, June 24, 2011 - 3:58pm | 573Read More...Left and right came together this week, as liberal Representative Barney Frank and libertarian Representative Ron Paul jointly introduced legislation to end the federal prohibition against marijuana, the otherwise harmless drug that fuels the snack food and entertainment industries. "The...
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Barney Frank Wants Banks To Pay For Budget Cuts (JPM, BAC, GS)
Thursday, March 17, 2011 - 3:45pm | 154Read More...Barney Frank (D-MA) wants JP Morgan (NYSE: JPM), Goldman Sachs Group (NYSE: GS) and Bank of America Corp. (NYSE: BAC) to pay for the housing programs that Republicans are trying to cut. Frank, the top Democrat on the Financial Services Committee, introduced a measure today that would impose a $2...
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Barney Frank on Fannie and Freddie (FNMA, FMCC)
Wednesday, August 18, 2010 - 12:42pm | 345Read More...Barney Frank was just interviewed on Fox Business Network by Neil Cavuto regarding the fates of Fannie Mae (OTC: FNMA) and Freddie Mac (OTC: RMCC). When asked if the U.S. still needs Fannie Mae and Freddie Mac, he said, “Absolutely not. I think they should be abolished. The only question is what do...
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Subprime Scandal Investigations – A Faulty Inquiry? (GS, JPM, FNM, FRE)
Thursday, January 14, 2010 - 1:44pm | 171Read More...The Financial Crisis Inquiry Commission has kicked off its long-awaited hearings by promising a "thorough examination of the root causes" of the subprime scandal. Wall Street honchos from Goldman Sachs Group Inc. (NYSE: GS) and JPMorgan Chase & Co. (NYSE: JPM) landed in the pillories first,...
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Democrats Push New Housing Bail-Out Agenda
Tuesday, December 8, 2009 - 12:03pm | 152Read More...Democrats are considering using TARP funds for a new purpose which is to bail out homeowners. Rep. Maxine Waters (D- Calif.) pushed a proposal that would channel $3 billion towards a mortgage relief for jobless home-owners. These funds would be taken out from the ‘Troubled Assets Relief Program (...
