by Ralph Nader
The Nader Page
Oct. 16, 2009
What planet is Congressman Barney Frank on, anyway? It is the planet of the banks and other financial firms that keep his campaign coffers humming, as their chairman of the House Financial Services Committee.
On his extraterrestrial perch, camouflaged by his witty and irreverent observations, he sees the agony of gouged, debt-ridden consumers and homeowners, but his actions do not measure up.
As of this writing before the final set of hearings, Mr. Frank has dropped key provisions from a proposal to establish an independent Consumer Financial Protection Agency (CFPA).