[Coeloptera]

TMZ Story Forces Bank to Return $1.6 Billion!!!! - TMZ.com

"How's this for action. Northern Trust -- the bank TMZ exposed this week for throwing a series of lavish parties and concerts in L.A. -- is giving back the $1.6 billion in federal bailout money!

We had our cameras out as the bank hosted fancy dinners for hundreds of clients and employees. We had video of the Sheryl Crow concert it threw after closing down the House of Blues. And then there were concerts by Chicago, as well as Earth, Wind & Fire ... and the Tiffany gift bags for the ladies.

The story triggered a furor in D.C. ... Congressman Barney Frank demanded that Northern Trust repay the money it blew."

Thanks, Barney. Maybe shame will work where responsibility won't?

- Coeloptera

[FortyXDM]

Quote:       Originally Posted by Coeloptera

TMZ Story Forces Bank to Return $1.6 Billion!!!! - TMZ.com "How's this for action. Northern Trust -- the bank TMZ exposed this week for throwing a series of lavish parties and concerts in L.A. -- is giving back the $1.6 billion in federal bailout money! We had our cameras out as the bank hosted fancy dinners for hundreds of clients and employees. We had video of the Sheryl Crow concert it threw after closing down the House of Blues. And then there were concerts by Chicago, as well as Earth, Wind & Fire ... and the Tiffany gift bags for the ladies. The story triggered a furor in D.C. ... Congressman Barney Frank demanded that Northern Trust repay the money it blew." Thanks, Barney. Maybe shame will work where responsibility won't? - Coeloptera

Good for TMZ.

Ironic isn't it. Barney helps creat the problem, then trumpets for the return of money as if he had a new morality and sense of justice.
Incredible.

[PSLMAN]

I'm glad to see that at least some of these guys are being held responsible for their actions. I wish it were on a larger scale and included some of the D.C gang as well.

[Seabeescotty]

Barney Frank and Chris Dodd should be in jail, and up on charges, for what they did. I'm sure there were others, on both sides of the aisle, but those two stick out like sore...............

You know.

[GlockMeister]

^^^ YOU GOT THAT RIGHT ^^^

Per Barney Frank, "there's no safety or soundness concerns when it comes to Fannie or Freddie". What a liar.

I'd post the video that has him saying it, but I'm sure it's "too political". But if I have the right video bookmarked, I'll gladly PM it to whomever asks? And if it isn't the right video, it's easy enough to find the one where he blatantly lies to the people about Fannie and Freddie.