12/16/2004
Statement of Congressman Barney Frank on SEC Finding on Fannie
Mae
"The SEC's finding that Fannie Mae used incorrect accounting is serious and disturbing.
While these improper decisions by Fannie Mae do not threaten the financial
soundness of the corporation, and should not be used by anyone in an effort to
cut back on Fannie Mae's housing efforts, they do reveal troubling deficiencies
in its corporate governance." (more)
12/03/2004
Statement from Financial Services Committee Ranking Member Barney
Frank on the Weak Jobs Numbers Released Today
"Today's disappointing employment numbers confirm several unfortunate facts about
the Bush administration's failure to create a workable economic policy." (more)
11/19/2004
Statement of Congressman Barney Frank Regarding HUD Inspector
General Report on OFHEO
"The view inside of OFHEO provided by this report is very troubling. The senior
management of OFHEO appears to have run roughshod over the judgment of professional
staff and seriously compromised OFHEO's credibility as a financial regulator." (more)
08/16/2004
Statement on FDIC Proposal on Small Bank CRA Threshold
Rep. Barney Frank (D-MA), Ranking Member of the House Financial
Services Committee, today issued the following statement: (more)
07/20/2004
Statement of
Rep. Barney Frank (D-MA), Ranking Democrat of the House
Financial Services Committee, on OTS' Proposed Changes to CRA
Enforcement.
“I am extremely disappointed that the Office of Thrift
Supervision (OTS) has proposed allowing an overwhelming number
of thrift institutions to escape true enforcement of the Community
Reinvestment Act (CRA). By changing the “small institution” threshold
from $250 million to $1 billion the OTS would let exempt an additional
199 thrifts from the investment and service tests under CRA.
Already 608 thrifts are defined as small institutions so the
change means 88% of the regulated thrifts would have exams limited
to their lending. It is poor policy to exempt such a vast majority
of regulated institutions from one of this nation's most important
financial laws. Click here.
03/04/2004
House Financial Services Committee Ranking
Member Gives Floor Speech on Unemployment
Excerpt from the March 4, 2004 Congressional Record appears here.
02/02/2004
Statement of Congressman Barney Frank, Ranking Member, House Financial
Services Committee, on the FY05 Budget
"The new U.S. Department of Housing and Urban Development budget proposal once
again demonstrates that the Bush Administration is primarily concerned about
the well-being of the rich and is trying to reduce the unmanageable deficit on
the backs of the poor. (more)
