Barney Frank hearts Wall Street
For a guy who has made a big deal out of standing with the OWS crowd, Barney Frank sure doesn't put his money where his mouth is.
Rep. Barney Frank might sympathize with the Occupy Wall Street protesters, but he's still got friends in the financial world.
The Massachusetts Democrat is heading to New York hoping to raise tens of thousands of dollars Thursday at a fundraiser at the home of Charles Myers, a senior investment banking advisor at Evercore Partners. Myers is one of several Wall Street execs listed on the invite soliciting up to $2,500 from attendees for Frank's reelection committee, according to a copy obtained by POLITICO.
Frank, the co-author of the sweeping financial regulatory reform bill signed into law last year, said in a recent interview with POLITICO that he didn't see any conflict between supporting the protests and taking financial services money.
"If you take money from them, but you don't vote [for] the things they want, how does that put you in conflict?" Frank questioned.
Frank said he supports the movement "to the extent that they obey the law" and that he wishes "that kind of energy was around two years ago when we were voting on the financial reform bill. We'd have a tougher bill."
If the OWS crowd had been around when mark up of the Dodd-Frank bill was going on, you wouldn't have Wall Street types breaking down your door to throw money at you, Barney. If you hadn't caved to the big banks and made it possible for "too big to fail" to remain as the defailt bail out choice if the banks get in trouble again, I daresay your Wall Street fundraiser would not be quite as successful.
And, btw - Obama has raised more cash from Wall Street than all GOP contenders combined.