Friday, March 11, 2011

Barney Frank threatens Goldman Sachs, Wells Fargo, and other banks on housing

House Financial Services Committee Ranking Member Barney Frank (D-Mass.) said Friday that he would reintroduce legislative language next week that would require large financial institutions to pay for federal mortgage assistance programs. Frank said his bill would allow four federal mortgage programs that Republicans are working to eliminate this month to continue operating without threatening to increase the U.S. budget deficit and debt. He said his bill would be similar to language that he tried unsuccessfully to include in financial reform legislation last year. "I don't mean to demonize, but I think Goldman Sachs, and Wells Fargo, and the Bank...

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