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Started By
Message
Guess who sat on the board for the now collapsed Signature Bank.....
Posted on 3/13/23 at 11:17 am
Posted on 3/13/23 at 11:17 am
quote:
Former Rep. Barney Frank (D-MA), author of the 2010 Dodd-Frank bill, sat on the board for Signature Bank which collapsed in the wake of the Silicon Valley Bank (SVB) implosion.
The U.S. Treasury Department, the Federal Reserve, and the Federal Deposit Insurance Corporation (FDIC) announced in a joint statement on Sunday the plan to manage the fallout of SVB’s collapse as well as the demise of Signature Bank.
LINK
9
Posted on 3/13/23 at 11:18 am to frequent flyer
That’s not all he’s sat on, amirite?
Posted on 3/13/23 at 11:19 am to Ag Zwin
Posted on 3/13/23 at 11:20 am to Leto II
He dressed inappropriately for an old lady.
Posted on 3/13/23 at 11:23 am to Ag Zwin
quote:
That’s not all he’s sat on, amirite?
Damn it...I had completely forgot about that fig...now this kind of ruins the day!
Posted on 3/13/23 at 11:25 am to frequent flyer
But Yahoo says it was the GOP's "loose" banking rules!!!
You must be mistaken.
You must be mistaken.
Posted on 3/13/23 at 11:28 am to frequent flyer
Same guy who blamed the 2008 Housing Crash on the failure to regulate banks and not the fact that the Government made it possible for citizens to buy houses they couldn't afford.
Crazy that Barney Frank's main fight was on bank regulation and then he sits on the board for a bank that collapses.
Crazy that Barney Frank's main fight was on bank regulation and then he sits on the board for a bank that collapses.
Posted on 3/13/23 at 11:51 am to frequent flyer
This prick was partly responsible for the 2008 banking crash/ scam
Posted on 3/13/23 at 11:53 am to frequent flyer
Those moobs would make Gus Malzahn jealous
Posted on 3/13/23 at 12:03 pm to frequent flyer
I miss the great one, Rush Limbaugh. His song "Banking Queen" for numbnuts Barney Frank to tune of Abba's "Dancing Queen".
Dancing Queen
Dancing Queen
Posted on 3/13/23 at 12:52 pm to EarlDibblesJr
quote:
Rush Limbaugh. His song "Banking Queen" for numbnuts Barney Frank to tune of Abba's "Dancing Queen".
If he were alive today, he would be spinning the crap out of that tune today.
That was one thing about Rush no matter how bad the news was, he was there too give you a chuckle or make you feel better about the future no matter how bleak.
Posted on 3/13/23 at 1:15 pm to frequent flyer
I honestly thought he had died. 
Posted on 3/13/23 at 2:46 pm to frequent flyer
We need a complete change of ALL the idiots in DC. Rather than keeping the 10 good ones left..... start all over. Get rid of EVERYONE. 525 in congress and the others in the administration.
Posted on 3/14/23 at 4:28 pm to frequent flyer
WSJ ran an editorial opinion article today on Barney Frank serving on the board of SVB...
quote:
The Dodd-Frank author has a Signature failure moment.
The former Congressman who was the scourge of Wall Street, the co-author of the Dodd-Frank Act that was supposed to keep the banking system safe, wasn’t able to prevent his bank from becoming one of the first casualties of the latest bank panic.
quote:
It’s amusing to think of Mr. Frank cashing a check as a bank director, but then even left-wing former Congressmen have to make a living. And in Mr. Frank’s case it has been a nice one, with cash compensation of $121,750 and stock awards of $180,182 in 2022 alone. He’s been on the board since 2015.
quote:
Mr. Frank seems to blame regulators for taking a needlessly hard line against Signature because of crypto. “I think that if we’d been allowed to open tomorrow, that we could’ve continued,” Mr. Frank told Bloomberg. “We have a solid loan book, we’re the biggest lender in New York City under the low-income housing tax credit.”
Posted on 3/14/23 at 4:39 pm to frequent flyer
Did he push anything into his butthole?
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