Friday, October 22, 2010

Barney Frank Gets Desperate

All indications are that 15-term Democratic congressman Barney Frank is in the political race of his life against  Republican Sean Bielat.

How deseperate?

He is hitting up those around the banks he bailed out, after promising he wouldn't do so.

The Boston Herald reports:
U.S. Rep. Barney Frank, in an intensifying clash with GOP upstart Sean Bielat, has pledged not to take campaign cash from lenders that got federal bailouts — yet has raked in more than $40,000 from bank execs and special interests connected to the staggering government loans, a Herald review found.

Frank vowed in February 2009 that he wouldn’t accept campaign donations from banks that received money under the $700 billion Troubled Asset Relief Program (TARP) or political action committees tied to such institutions.

But Frank has hauled in thousands from top execs at Bank of America, Citizens Bank, Wainwright Bank, JP Morgan Chase and other institutions that received billions in TARP money.

Just yesterday, Frank made new campaign finance disclosures showing he received $17,000 from top executives of Bank of America — including $2,000 from CEO Brian Moynihan. B of A received $45 billion in bailout money. In all, Frank has hauled in at least $27,000 since 2009 from bank execs — and $13,000 from PACs — connected to banks that received TARP funding, including:

• $5,000 earlier this month from the Bank of America Corp. Federal PAC;

• $10,000 in August and September from the Bipartisan PAC/Bank of New York Mellon Corp.; Mellon received $3 billion from TARP;

• $2,000 in June 2009 from the Financial Services Roundtable PAC, which counts TARP recipients B of A, JP Morgan Chase and Wells Fargo among its members; and

$1,000 in March from U.S. Bancorp PAC; the Minnesota-based bank received more than $6 billion in TARP funds


  1. I live in Massachusetts and Barney Frank lost my vote! How? He sold out to the big bail out scam. It was so obvious that the 2008 bail out was daylight robbery on the taxpayers and our nations future by Bush and Obama's corporate lords and masters. I don't know if Barney got a death threat or if he was bought out but he failed us. I am getting so sick of this lesser of two evils game. I don't like the Republicans but we have to get rid of sell-out lame-stream spineless democrats. I am going to not vote for either party until they correct this screw the people for the corporations and right wing special interest groups behavior! We need more Ron Pauls!

  2. With the paltry amounts this turkey has received, the banksters certainly got their Judas cheap.

  3. If Frank pronounces it "Towp", does it still count as graft? Speaking of which, the graft to graft ratio seems especially high here. My envelope's back says $17k to $45B means each $1 buys $2,647,059 in Towp money. Makes you wonder where the real leverage is.

  4. Goddamned jewish faggot...what the hell is wrong w/ Mass. voters? Whatever ya'll are smoking up there in yankee-land...keep it to yourselves, we don't need that shit down here in the SOUTH!!!!!