5 Burst results for "Barney Frank Barney Frank"
The Trish Regan Show
"barney frank barney frank" Discussed on The Trish Regan Show
"Image. I just think there's some questions. We got to look at right now. It's fair game in this kind of environment. Okay, so here's a doozy for you. Yesterday, you remember I told you about this? What is the range that you would propose to pay? My objective and the objective that Kirsten and I describe in our book is to eliminate the racial wealth gap in the United States. And this would require an expenditure of $14 trillion, which would be distributed evenly across the 40 million black American descendants of U.S. slave. That's the duke economics professor who thinks that he can solve racial inequality in America by just giving every black descendant for every maybe he wouldn't be black. Every descendant of a slave in America actually that is a good question. I'm going to think out loud for a minute because what if you are a descendant, but you are so removed from that that your skin is perfectly white. Would you still qualify for his handout? He wants to give out $350,000 to any descendant of slaves in America. Pay me my money. I mean, that's kind of an interesting question because all of a sudden you're going to have people rushing to go do those DNA tests. Hey, sign me up. I get $350,000 from the federal government. You smell that? What is that? What? What's that smell? Opportunity. No. Money. Oh, okay. You know, I know it doesn't solve anything. But they're pie in the sky. Ideas about wealth transfers. Well, they just can't get enough of them. That's one idea. I'll tell you what's scary. Is it some of the stuff is getting implemented? We just learned that the federal housing finance authority has put in a few little changes starting May 1st. If you want to buy a home and you happen to have good credit because you've worked maybe pretty hard to have that good credit, you know, paying your bills on time, that kind of thing, not taking out too many loans, not going crazy with the credit cards. If you did that, well, you probably did it because you think that, well, one day, I'll be rewarded for that. It's the right thing to do. Of course, but I'll also eventually be rewarded because I'll get lower interest rates. Less fees, a better mortgage rate. Think again, Joe Biden comes into town. He suddenly changes it so that now, if you happen to have a good credit score, you're going to get charged more. Here are the numbers. Listen up. If you've got a credit score of 680 or more beginning on May 1st, the Biden administration now has new rule. You're going to get charged about $40 more. Per month on your home loan above $400,000. Because you see, you get a subsidized, the people who don't have a good credit score. Your money is going to go to help afford all the people that don't pay their bills on time to help them buy a house. Oh, like that makes sense, right? And it gets worse. You see, if you've saved up enough money and you want to put 15 or 20% down for your home mortgage, the government's going to slap you with more fees because now you are going to have to pay a higher rate to subsidize those with riskier credit scores. You know, we tried to leading up to 2008. I do believe it became the biggest financial crisis since The Great Depression. I have a Barney Frank. Barney Frank. Be very loud and proud. Congressman from Massachusetts, big time Democrat quasi socialist that believed you just needed to give everybody money so that they could buy their own house. They were called Nina loans. No income, no asset. You didn't have to have any money coming in the door. You didn't have to have any assets on hand. You didn't really have to have anything, but you could go get yourself a $500,000 house. We know how that all ended. Do we not? Yeah, I can't give out free money. You can't just say we're going to give you this and hope for the best. And you certainly shouldn't be penalizing those that work hard to save their money, pay their bills on time and say, we are going to now charge you more because we're a little worried about this guy over here. That is not America. It's not. I mean, that is like Venezuela style socialism. Venezuela, which I happen to know, a whole lot about, you know, 20 years ago, 20 some odd ago was like an amazing economy. It was actually the most prosperous economy in all of Latin America. I, at the time, had a job at Goldman Sachs, we were trading Latin American emerging market debt. Venezuela was one of the countries we covered. Well, who comes into town, but Hugo Chavez, he wins the election. We're like, oh, you know, maybe he won't be that bad. We'll see, oh yeah, he was all that bad. Before you knew it, he put all his friends on the Supreme Court. He totally changed everything around. He was taking from those that had giving to those who did not have what he never had any kind of real system to back any of this up. In other words, there's no better education. There was no better infrastructure, et cetera, et cetera, et cetera. He was just, you know, rob and Peter to pay Paul. And as a result, Venezuela is one of the worst economies in all of Latin America today. It only took 20 years. This move from Biden to charge people who pay their bills on time more to cover those who don't. That is Venezuela style policy. And that, ladies and gentlemen, is what we are in jeopardy. Becoming right now. All that said, you're still going to pay your bills on time. And here to help us think through the insanity in these markets, the volatility that we're watching help us think about how we save, how we plan, how we really allocate our funds for our future, I am so thrilled to welcome Rachel cruze. I sat down with Rachel Cruz, by the way, just happens to be the daughter of Dave Ramsey, so she grew up around this stuff. I sat down with her a short time ago, and we talked about how you can put yourself on the right financial path. It's important to do, regardless of what Biden's up to. Racial cruise, she's host of the Rachel cruze show, smart money happy hour..
Simply Bitcoin
"barney frank barney frank" Discussed on Simply Bitcoin
"More importantly, Neil, why is our government going after the crypto business? Signature, they initially announced that the issue was they were banking crypto and making loans. They weren't. They were just banking crypto and even the New York financial services department, the head of that is acknowledged crypto had nothing to do with signature Barney Frank. Barney Frank, the former chair of the House financial services committee, has said it appears that this is an attack on crypto. In fact, two sources have told Reuters that anybody who buys signature has to agree they will not bank crypto. So it's really interesting, Neil, more questions to be answered. If you look at the fed, which just announced that this summer it's going to release are going to kick off its fed now program, which is a payment system that would settle payments within seconds. It's interesting is our government competing with the private sector right now and are these banks that are banking crypto actually the target of their angst. That's a fascinating subset of the story. It might be these story. Interesting. Interesting. So this is back to something that we've been covering on this show for a while now. This is operation choke .2. And we always read this part of Nick Carter's Nick Carter's piece to give a bit of context about what has been happening, right? So we began as a trickle is now a flood of the U.S. government is using the banking sector to organize a sophisticated, widespread crackdown against the crypto industry, and the administration's efforts are no secret. They're expressed plainly in memos, regulatory guidance and blog posts. However, the breath of this plan spanning virtually every financial regulator as well as its highly coordinated nature has even the most steely eyed crypto veterans nervous that crypto businesses might end up completely unbanked. Stablecoins may be stranded and unable to manage flows in and out of crypto and exchanges might be shut off from the banking system entirely. And here he methodically goes through a lot of the examples, right? Binance shut off dollar withdrawals, the Federal Reserve denies crypto bank custodia, we actually have Caitlyn long coming next week on IRL. We're going to ask her about that. So it's a bunch of events. Just in itself, you'd say, okay, Nico, maybe this is just a coincidence. But it's not just us noticing this pattern anymore, right? We noticed it, Nick Carter noticed it, but fine. We're all from the industry, right? But you have a congressman who's noticing that as well. And this is the article the Reuters article that congressman emmer was referring to. It goes on to say the two sources added that any buyer of signature must agree to give up all the crypto businesses at the bank. But an FDI FDIC spokesman told Reuters after publication that the agency would not require divestment in crypto activities as part of any sale and pointed to prior comments from the FDIC chairman Martin grunberg that the agency is not looking to prohibit any particular activity by banks. So the government spokesperson said, no, that's not true, but sources say, hey, that's what's going on. And here is here is warrant tagami. We're in tagami is vice president solutions at blockstream. And he's posting a screenshot of a conversation. He had with the management of a small U.S.
The Ben Shapiro Show
"barney frank barney frank" Discussed on The Ben Shapiro Show
"If your SVB, that's kind of what this looks like in practice, actually, just without just what the federal government is kind of the shadow monster in the background waiting to do all of these things. There's also the bank term funding program that is going to have, it's going to be a federal lender, SVB problems, it had too much of its money invested in long-term treasuries and mortgage backed securities that tanked in value as the fed raised those interest rates. There are other banks with the same problem to make sure they don't suffer the same fate. There's a new agency, yay, new government agencies. It will allow them to access loans with generous terms. Instead of having to sell off their interest rate ravaged treasuries, they'll be allowed to use them as collateral for a loan at their original value. So they are going to now get a loan from the federal government on the basis of the bonds that they are still holding. Now, federal government, of course, has an interest in that. They don't want to see the bottom markets. The secondary bond markets absolutely tank, which again would force another rate rise, presumably in the interest rates. Meanwhile, New York based signature bank was closed and we'll get the same exact treatment as SVP. This one's pretty spectacular. Considering that SVP, that's one thing. Signature bank. Is a person on the board is Barney Frank, Barney Frank is the guy who was involved in Dodd Frank. Barney Frank was the head of the House financial services committee for decades. And he was on the board over at signature banquet shows you that the regulators who are very often in charge of these banks, let's just say that they have a finger in the pie. Very often. And they never bear the results of their own bad decision making. So in a second, we'll get to the problems. There are really two problems here of systemic moral hazard. We get to that in a moment first. All of us can aid you pretty dramatically, but you need to make sure that your skin is bright and young and beautiful, and this is where genu sell skin care comes in. Share it from a Nebraska says I had sensitive skin. I'm careful about all products. My husband bought me genuine cell bags and puffiness, and Jenny sell deep performing serum. I felt it working immediately. My eyes look amazing, my face feels smooth and wrinkle free. It's not just sherry, Jenny salt has sold over 1 million products to both women and men across the nation. Say goodbye to the fine lines, wrinkles, even those annoying under eye bags.
The Doug Collins Podcast
"barney frank barney frank" Discussed on The Doug Collins Podcast
"To. This is something that's been out there for a while, people is either fighting in the distance. It's been discussed by us in Washington for a long time. Go back for just a second if you would, give us sort of the foundations of what this is, what it may be intended to be, what it actually is, and how everybody listening to this podcast is affected by the CFPB. Okay. Well, everybody is affected. Everybody who basically gets out of mortgage, the lack of competition, we had actually one of our co plaintiffs in a lawsuit. People and people that we were representing in a lawsuit against the CFPB longtime back that raised some of the same grounds as the Supreme Court is now hearing the community bank, which had not had a default in decades because they knew everyone. It was the state national bank of big spring Texas said that they couldn't make mortgages because weight of the red tape. And this is basically Elizabeth Warren said that you basically should regulate loan products like coasters that the disclosure was not enough. You would need to give a loan has proved to be faulty. I mean, never mind how we've given the way people use it a type of loan. The government needed to ban it. And you needed the consumer financial protection bureau just like the consumer product safety commission. I think about her analogy, especially now that the Biden administration wants to ban gas stoves for their own good. So it's not really good to have the government interfering too much in the market for kitchen appliances or from mortgages, but also one of the things that Barney Frank Barney Frank and Chris Dodd when they were making Don Frank was they put in and unaccountable head of this agency that could not be removed by the president, except for malfeasance. So it was not an independent board like, say, the Securities and Exchange Commission, federal communications, board and where you had people of both parties. It was like a cabinet secretary, but it was one that served a fixed 6 year term that could potentially outlast the one of the presidential administration. And on top of that, it was not accountable to Congress either because it did not get its appropriations from Congress. It got its appropriations from the Federal Reserve, the money the Federal Reserve makes from selling from selling dollars. And this agency with no accountability would have just incredible reach not only of over consumers that get mortgages, but just for any small business that extends credit, including like, say, an orthodontist that spreads out payments because can't pay for their kids braces, all at once or a butcher who may, who made you that, you've got plans with buying out pay later, this CSV has jurisdiction over all of that and yet no accountability. Somewhat the accountability was fixed in a court case with when they ruled that the president does have removal power. And of course, Biden, even though he's now complaining about the CWB should be independent was fired as he had the right to do. President Trump's appointee on the first day on the first day in office and appointed an acting and then got confirmed Rohit Chopra, who's the head of it now. And that's something the next Republican administration is going to do, but as long as they don't, as they are shielded from congressional accountability, they lack with the appropriations they lack that pillar of accountability that so many other agencies have and the Congress can't use its power of the purse strings to exercise what and make them more in line with the voters wishes..
The Doug Collins Podcast
Have You Ever Heard of the CFPB? John Berlau Explains
"Go back for just a second if you would, give us sort of the foundations of what this is, what it may be intended to be, what it actually is, and how everybody listening to this podcast is affected by the CFPB. Okay. Well, everybody is affected. Everybody who basically gets out of mortgage, the lack of competition, we had actually one of our co plaintiffs in a lawsuit. People and people that we were representing in a lawsuit against the CFPB longtime back that raised some of the same grounds as the Supreme Court is now hearing the community bank, which had not had a default in decades because they knew everyone. It was the state national bank of big spring Texas said that they couldn't make mortgages because weight of the red tape. And this is basically Elizabeth Warren said that you basically should regulate loan products like coasters that the disclosure was not enough. You would need to give a loan has proved to be faulty. I mean, never mind how we've given the way people use it a type of loan. The government needed to ban it. And you needed the consumer financial protection bureau just like the consumer product safety commission. I think about her analogy, especially now that the Biden administration wants to ban gas stoves for their own good. So it's not really good to have the government interfering too much in the market for kitchen appliances or from mortgages, but also one of the things that Barney Frank Barney Frank and Chris Dodd when they were making Don Frank was they put in and unaccountable head of this agency that could not be removed by the president, except for malfeasance. So it was not an independent board like, say, the Securities and Exchange Commission, federal communications, board and where you had people of both parties. It was like a cabinet secretary, but it was one that served a fixed 6 year term that could potentially outlast the one of the presidential administration. And on top of that, it was not accountable to Congress either because it did not get its appropriations from Congress. It got its appropriations from the Federal Reserve, the money the Federal Reserve makes from selling from selling dollars.