Skip to: Content
Skip to: Site Navigation
Skip to: Search

May 17, 2008 1:49:14 AM CDT

Learn about Newser Points »

Back to the grid

Frank is Dems' Unlikely Lead Economy Dog  

Posted Apr 10, 08 11:37 AM CDT in Politics    Editor's Choice

(newser) – Democratic Rep. Barney Frank has become an unlikely power player in Washington’s “new economic trio” with Ben Bernanke and Henry Paulson, writes David Rogers in Politico. His pet plan—a “humongous housing deal” to steady an ailing market—might be a tough sell to the White House, but it’s “moving in our direction,” says the head of the House Financial Services Committee.

Frank, the son of a truck-stop owner, was elected to Congress from Massachusetts in 1980 and is known for his brains—and temper. A prostitution scandal and the subsequent GOP domination of Congress held Frank back, but when Democrats took over, “he was fully ready,” says a California rep. Now, Rogers writes, Frank is Congress’ “preeminent Democrat” facing the economic crisis.

Source Politico

open commentscomments (0)

Editor Recommended

Frank to push his housing bill
Reuters | Apr 10, 08

Comparing White House housing plan to Frank's
Washington Post | Apr 10, 08

Frank to mortgage servicers: allow loan changes
Forbes | Apr 10, 08

Related News

  • Bush Readies Mortgage Bailout

    Mar 29, 08 6:48 AM CDT
    Homeowners facing foreclosure could soon be getting a helping hand from the Bush administration, the Washington Post reports. Details are being finalized on a plan that would see portions of loans forgiven for people who now owe the bank more money than their house is worth. The remainder would be refinanced into smaller mortgages backed by public funds. More »

  • Paulson Raps Mortgage Rescue Plans

    Feb 28, 08 7:06 AM CST
    Paulson Raps Mortgage Rescue Plans Homeowners burned by the subprime mortgage meltdown shouldn't be looking to the federal government for help, Treasury Secretary Henry Paulson told the Wall Street Journal yesterday. Facing down mounting congressional pressure for stronger measures to stem an epidemic of foreclosures, Paulson dismissed proposals on the table as "bailouts" for reckless lenders, investors and speculators. More »

Frank is Dems' Unlikely Lead Economy Dog
Federal Reserve Board Chairman Ben Bernanke, right, talks with House Financial Services Committee Chairman Rep. Barney Frank, D-Mass., on Capitol Hill in Washington, Wednesday, July 18, 2007.   (AP Photo/Susan Walsh)
Frank is Dems' Unlikely Lead Economy Dog
Rep. Barney Frank, D-Mass., asks a question during a committee hearing on Capitol Hill in Washington, in this July 18, 2007 file photo.   (AP Photo/Susan Walsh, File)
Frank is Dems' Unlikely Lead Economy Dog
Speaker of the House Nancy Pelosi talks with Rep. Barney Frank during a press conference to announce the Dems' plan to curb rising home foreclosures, October 3, 2007, in Washington.   (AP Photo/Evan Vucci)
prev   next
play

Threads (1 of 1)

Tags

Congress  • Ben Bernanke  • housing crisis  • Henry Paulson  • economy  • Barney Frank  • House Financial Services Committee


Loading...

Loading...

Related Thread: Congress

Next story from this section »

Today's Most Popular

Loading...

Other Politics Stories

What is Newser?

2008 Codie Finalist

Newser gives you more news in less time. We search for the best and most important stories all over the web, read them for you, and deliver concise and sharp summaries—along with links to the full text. Newser provides a way to stay on top of an ever-expanding horizon of news and opinion—politics, sports, business, trends, technology, personalities, crimes, and controversies. Newser keeps you not just better informed, but, with our signature graphic interface and smart condensed format, more enjoyably informed.

Learn more »