Barney Frank - Business
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Opinions
The SEC should reinstate the uptick rule. hopeful the rule "will be restored within a month."
AIG should be forced to reveal the names of executives that received bonuses. Frank says he'll subpoena the names.
Congress should tax AIG bonuses. The government, through the bailout, is now an 80 percent owner of the company and suggested that was grounds to sue to recover the bonuses.
The U.S. federal government should provide financial support to its auto industry. "Auto bailout money would come with strings attached."
Governments should infuse capital directly into failing banks as part of their response to the financial crisis. Agreed the Treasury should be able to take equity
Governments should subsidize property insurance coverage for natural disasters. Supports creation of a national catastrophe program for property insurance.
The U.S. should not build more oil refineries. Voted NO on authorizing construction of new oil refineries
Corporations should pay heavier taxes on windfall profits. Frank co-sponsors windfall profit tax on oil.
The U.S. should allow farmers to grow industrial hemp. Co-sponsored H.R. 1009: Industrial Hemp Farming Act of 2007
The Federal Reserve should have more authority to supervise financial institutions. "Congress should authorize the Fed to act as a risk regulator across the markets."
Bankruptcy courts should have the power to adjust home mortgages. Frank co-sponsored bill to allow adjustment of home mortgages in bankruptcy
The government should provide financial assistance to homeowners facing foreclosure. Proposed a bill that would provide $10 billion to help refinance subprime loans
U.S. federal deficits do affect long-term interest rates. This artificial chronological separation between the years of not so bad deficits and the years of insupportable deficits is both intellectually flawed and politically revealing.
Congress should increase copyright protection for fashion designs. Frank co-sponsored design protection bill
Executive compensation packages should require shareholder approval. New law says yes to shareholder approval
The government should prohibit the financial services industry from executing universal default clauses. Banking Bills Protect Consumers, States
The Sarbanes-Oxley Act should not be repealed. Legislation not needed, preserve principles of SOA
Performance fees of hedge fund managers should be taxed as regular income. Fighting for the little guy
EVIDENCE: Will the U.S. recession last throughout 2009? Yes
EVIDENCE: Should mark-to-market accounting be suspended? No
EVIDENCE: Will the U.S. recession last throughout 2009? Yes
UNKNOWN: Should Lehman Brothers have been bailed out by the federal government?
UNKNOWN: Should organic farmers receive additional federal subsidies?
UNKNOWN: Is capitalism the most effective economic system?
UNKNOWN: Should Congress increase the federal minimum wage?
UNKNOWN: Is the U.S. undergoing the worst financial crisis since the Great Depression?
UNKNOWN: How does outsourcing affect the U.S. economy?
UNKNOWN: What impact have Bush Administration policies had on the economy?
UNKNOWN: Should the U.S. pass the U.S.-Colombia Free Trade Agreement?
UNKNOWN: Should the U.S. increase the cap on visas for skilled workers?
UNKNOWN: Should AIG have been bailed out by the federal government?
UNKNOWN: Will the U.S. economy go into recession in 2008?
UNKNOWN: Should food contain country-of-origin labeling?
UNKNOWN: Will the financial crisis lead to another economic depression?
UNKNOWN: Should the U.S. end agricultural subsidies?
UNKNOWN: Should victims of major natural disasters be granted special relief in bankruptcy?
UNKNOWN: Should the U.S. provide tax breaks for businesses that do not outsource?
UNKNOWN: Do the economic benefits of a weak U.S. dollar outweigh the costs?
UNKNOWN: Should Fannie Mae and Freddie Mac be nationalized?
UNKNOWN: Should the U.S. enact a balanced budget amendment?