RATIGAN TO BARNEY FRANK: WALL STREET OWNS YOUR COMMITTEE

COMBO TITLE AND SECURITIZATION SEARCH, REPORT, ANALYSIS ON LUMINAQ

SEE ALSO 10-lies-we-live-by-and-should-stop-believing-if-we-want-this-to-stop

EDITOR’S COMMENT: In this age of cynicism and corporate money directing every election, it probably comes as no surprise to you to learn that the House Committee Chaired by Barney Frank contains members whose campaign contributions comes mostly from the industry they are supposedly regulating with laws to uphold the Constitution and protect the citizens of America.

The interesting part of this is that Dylan Ratigan made it a mainstream issue today. If you go to the article or the video clip, you can see how this is bad timing for the megabanks. With BOA exposed as a knowing and willing perpetrator of a widespread scam on homeowners with force-placed insurance, (which by the way means the amount they demanded as defaults in foreclosures was WRONG), and the 50 states full court press from the financial lobbyists trying to get the TWO CENT SETTLEMENT through, the public is getting a full dose of just how corrupt our government has become from the Federal level down to the state level.

Ratigan To Barney Frank: The Financial Lobby Owns Your Committee

Today, March 14, 2011, 35 minutes ago | DailyBail

From the archives, one of the greatest moments in truth and cable TV.

Video – Barney Frank With Dylan Ratigan – Oct. 14, 2009 – Runs 1 Minute

From the Sunlight Foundation

One year after the biggest economic collapse since the Great Depression, Congress is still debating new regulations to protect consumers and prevent risk-taking in the financial sector.  The House Committee on Financial Services is currently undertaking the important first step of writing, amending and voting on some of the pieces of the long-proposed financial regulatory reform.  While debating these issues top committee members have been the recipients of disproportionate campaign contributions from the very industry that they are tasked with regulating.

Posted in bubble, Corruption, Eviction, securities fraud |