Diary

Barney Frank Should be Removed from Chairmanship of the House Financial Services Committee

Representative Barney Frank Chairman of the House Financial Services Committee is a top recipient of donations from mortgage bankers and brokers as well as credit Unions. During the 2007 – 2008 election cycle Frank ranks 1st in contributions from mortgage bankers and brokers and 2nd in contributions from credit Unions.

Frank has received $499,348 in contributions from finance, insurance and real estate interests – the very interests which his committee is suppose to be supervising. Top contributor to his campaign include:Brown Brothers Harriman & Co – The oldest privately owned bank in America. It’s activities include international investment banking services.

Manulife Financial – also known as The Manufacturers Life Insurance Company it is Canadian insurance and financial services provider. Manulife Financial is the largest insurance company in North America and the world’s fourth largest, based on market capitalization.

Royal Bank of Scotland

American Bankers Association

American Society of Appraisers

Bernstein, Litowitz et al

Ernst & Young

UBS AG (Union Bank of Switzerland)

Chicago Board Options Exchange

CME Group – created July 12, 2007 from the merger between the Chicago Mercantile Exchange (CME) and the Chicago Board of Trade (CBOT).

Credit Union National Association

Grant Thornton LLP

Independent Community Bankers of America

National Association of Home Builders

New York Life Insurance

National Assn of Federal Credit Unions

DLA Piper – The Chairman of the firm’s Global Board is former U.S. Democratic Senator

George Mitchell. DLA Piper represents more than half of the top 250 Fortune 500 clients.

Bernstein, Liebhard & Lifshitz

Barney Frank, Nancy Pelosi, and other members who fund raising activities have place them within a conflict of interest situation should not be allowed to vote for the proposed

$850,000,000,000 wall street bailout.