Bawney Fwank Leading by Example

Well, what do you know, one of the men with a huge role in ushering in the housing collapse wants even harsher restrictions in income for Wall Street.

A senior House Democrat wants to toughen President Barack Obama's new restrictions on Wall Street pay by banning salaries and bonuses that encourage what the government considers "inappropriate risk."

The proposal by Rep. Barney Frank, D-Mass., which will be considered Tuesday by the House Financial Services Committee, would give the government unprecedented power in how financial executives are rewarded.

Obama has shied away from such direct intervention, even as administration officials argued that excessive compensation in the private sector contributed to the financial crisis.

"If the risk pays off, you make money," Frank said at a National Press Club luncheon Monday. "And if the risk doesn't, you suffer no penalties. Heads you win, tails you break even. It's like selling lottery tickets that only cost you money if they pay off."

You know, I find it interesting that this idea is coming from the guy who was the ringleader in bringing down Fannie Mae and Freddie Mac, and nothing happened to him. You suffered no apparent penalty, did you, Frank?

Here's an idea for Frank. No matter how bad the economy gets, no matter how huge the deficit gets, that Congress gets paid and rather well, too. Plus, they get a lot of speaking fees at dinners and such and the golf outings with lobbyists and such. I suggest that Frank live by his own rules. Until Fannie Mae and Freddie Mac pay back every dime to the taxpayer they were given to bail them out, you get paid zero. I'll go you one step farther: if the deficit goes up, Congress gets zero pay. No outside income either. And your "significant others" and boyfriends can't be making it hand over fist as lobbyists or consultants, either.

Lead by example, Frank.

Here We Go: Minority Broadcasters Seek Bailout

When you can't compete in business, you usually go belly-up. But when you're an arm of the Democrat Party you look to Lord Obama for a bailout.

It's bad enough we're funding the far left NPR.

A group of minority broadcasters asked Treasury Secretary Timothy Geithner Monday for financial assistance akin to the aid that has been extended to the financial and auto industries.

"Minority-owned broadcasters are close to becoming an extinct species," the letter said. "Even in better economic times, minority broadcasters have historically had difficulties accessing the capital markets."

The broadcasters told Mr. Geithner they can bounce back if they are given some temporary assistance while the credit markets are slow. "Unlike the auto business, broadcasting has been healthy for many years," their letter said.

The broadcasters appeal follows a proposal sent in May to Mr. Geithner by a group of influential House members asking for a minority broadcaster support program, bridge funding, or government-backed loans.

The House letter was signed by House Majority Whip James Clyburn (D., S.C.) and a group of key committee chairmen, including Financial Services Committee Chairman Barney Frank (D., Mass.) Ways and Means Committee Chairman Charles Rangel (D., N.Y.) and Oversight Committee Chairman Edolphus Towns, (D., N.Y.).

That list should tell more than enough that this is a terrible idea. Which means they'll probably be swimming in taxpayer dough before long.

Waaah! Bawney Fwank Melts Down at Harvard

Geez, this is just pathetic. Stammering, interrupting, pointing fingers, whining about conservatives, he does everything except take the slightest responsibility.

What an embarrassment this man is.

Via Hope for America. More from Michelle Malkin.