How Wall Street Bought Barney Frank
OPS_admin | Dec 22, 2009 | Comments 0
Barney Frank takes pride in being the Left’s darling, but he’s almost entirely funded by Wall Street and his votes show it.
Few members of Congress are considered more liberal than Barney Frank. Gay, left-handed, and Jewish, as his biography’s title proudly proclaims, he clearly enjoys living in direct contravention of right-wing ideals.
A favorite conservative punching bag, Glenn Beck and Bill O’Reilly have their tea party base convinced that it was actually Frank who sent the country into an economic tailspin, through some curious combination of incompetence, redistributive zeal, greed, and homosexuality. Beck’s conspiratorial chalkboards link Frank to the mortgage giants Fannie Mae and Freddie Mac, back to the community organization ACORN, and by implication, to the poor and undeserving. Naturally, liberals have responded by closing ranks around the congressman.
The pseudo-research of Fox News and friends, and their obsession with Fannie and Freddie – hardly the root of all economic troubles – have distracted from a core reality of Frank’s recent career in Congress. Since becoming the ranking Democrat on the House Financial Services Committee seven years ago, he has built a formidable Wall Street donor base, even by Washington’s standards; as the housing bubble grew, so too did his fundraising purse and his stature, in Congress and beyond.
Full Story How Wall Street Bought Barney Frank | Politics | AlterNet.
Filed Under: Corruption
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If we don't change our ways soon...
A new report by the Royal Society, chaired by Nobel prize-winning biologist Sir John Sulston warns that world population must be stabilized and consumption in wealthy nations must be reduced or the entire planet is in big trouble. As the report reads: "The number of people living on the planet has never been higher, their levels of consumption are unprecedented and vast changes are taking place in the environment. We can choose to rebalance the use of resources to a more egalitarian pattern of consumption... or we can choose to do nothing and to drift into a downward spiral of economic and environmental ills leading to a more unequal and inhospitable future."This is the same warning that President Jimmy Carter gave Americans back in the 1970's - but it was ignored when Ronald Reagan came to power with a "more positive" message basically telling Americans we can do whatever we want. And then after 9/11 - Bush told us all we should go shopping and consume ever more.And now with corporations calling the shots in Washington - long-term sustainability of the planet takes a back seat to short-term profits. If we don't change our ways soon - and embrace clean, alternative energy and educate women around the plant - then we all could be headed for a rough century.-Thom(Is there any chance we will learn in time? Tell us here.) -
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" We the corporations" On January 21, 2010, with its ruling in Citizens United v. Federal Election Commission, the Supreme Court ruled that corporations are persons, entitled by the U.S. Constitution to buy elections and run our government. __________
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The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. 
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