CORRUPTION: Barney Frank directing bailout funds

JANUARY 22, 2009, 2:45 P.M. ET
Political Interference Seen in Bank Bailout Decisions
Barney Frank Goes to Bat for Lender, and It Gets an Infusion

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Troubled OneUnited Bank in Boston didn’t look much like a candidate for aid from the Treasury Department’s bank bailout fund last fall.

The Treasury had said it would give money only to healthy banks, to jump-start lending. But OneUnited had seen most of its capital evaporate. Moreover, it was under attack from its regulators for allegations of poor lending practices and executive-pay abuses, including owning a Porsche for its executives’ use.

Nonetheless, in December OneUnited got a $12 million injection from the Treasury’s Troubled Asset Relief Program, or TARP. One apparent factor: the intercession of Rep. Barney Frank, the powerful head of the House Financial Services Committee.

Mr. Frank, by his own account, wrote into the TARP bill a provision specifically aimed at helping this particular home-state bank. And later, he acknowledges, he spoke to regulators urging that OneUnited be considered for a cash injection.

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Maybe they will give you are ride in the “taxpayer’s” Porsche!

How do we have Barney Frank still in politics?

Gay prostitute. Community Reinvestment Act. Banking system abuse. Now this.

I don’t understand?

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POLITICAL: What are “states” and why do they have pension funds?

State Pension Funds’ $865 Billion Loss Means New Hires Get Less


As a budding libertarian, you might ask “why do states have pensions?”. Us old libertarians ask: “What the hell is a state?” A fiction. A figment of the imagination. A collective delusion that enslaves us. A meme whose time has past?

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INTERESTING: Creative Commons Licensing comes to music.

CASH Music: Exploring Creative Commons Licensing in the Music Industry
Cameron Parkins, January 21st, 2009

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CASH Music, the CC license using music label/creative community we have discussed numerous times before, just launched a wonderful new Creative Commons Portal for understanding how CC licenses can be utilized by record labels and artists.

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Creative Commons Licensing comes to music.

The end of the RIAA?

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