Fat Cat

Can Barney Frank lose fast enough and big enough? Not weight, obviously, but the election? If he doesn’t lose to the perfect candidate that is Sean Bielat, he’ll never lose. Ever.

U.S. Rep. Barney Frank, in an intensifying clash with GOP upstart Sean Bielat, has pledged not to take campaign cash from lenders that got federal bailouts — yet has raked in more than $40,000 from bank execs and special interests connected to the staggering government loans, a Herald review found.

Just yesterday, Frank made new campaign finance disclosures showing he received $17,000 from top executives of Bank of America — including $2,000 from CEO Brian Moynihan. B of A received $45 billion in bailout money. In all, Frank has hauled in at least $27,000 since 2009 from bank execs — and $13,000 from PACs — connected to banks that received TARP funding….

In a related story:

U.S. taxpayers could be on the hook for up to another $215 billion in aid to housing finance giants Fannie Mae (FNMA.OB) and Freddie Mac (FMCC.OB) through 2013, their regulator said on Thursday.

The companies, which were seized by the federal government in September 2008 to save them from collapse, will likely have total capital needs of between $221 billion and $363 billion through 2013, the Federal Housing Finance Agency estimated.

The estimate includes the $148 billion that the two companies, the largest providers of U.S. home loan funding, have already received in the form of preferred stock purchases by the U.S. Treasury.

In other cultures in other times, he would be put in the stocks and pelted with rotten vegetables.

Good times, eh Barney?

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