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Frank promises speedy bailout overhaul

Jan. 9, 2009
House Financial Services Chairman Barney Frank promised to move quickly on a bill that promises $50 billion of foreclosure relief and toughens terms on companies getting taxpayer money.
Related Stories from UPI.com

Frank says no planes for TARP recipients

WASHINGTON, Jan. 12 (UPI) -- U.S. Rep. Barney Frank, House Financial Services Committee chairman, wants companies that get federal bailout funds to get rid of their corporate jets.

Treasury rapped for no bailout specifics

WASHINGTON, Dec. 10 (UPI) -- A House committee Wednesday criticized the U.S. Treasury for failing to ensure the $700 billion financial markets bailout is doing what it's supposed to do.
Frank, Shelby spar over auto bailout issue

Frank, Shelby spar over auto bailout issue

WASHINGTON, Nov. 19 (UPI) -- A bailout of U.S. automakers would be a life support measure and would not force them to change their business model or management, a Senate Republican said.
Frank to Paulson: Help homeowners

Frank to Paulson: Help homeowners

WASHINGTON, Nov. 18 (UPI) -- U.S. Rep. Barney Frank, D-Mass., Tuesday took U.S. Treasury Secretary Henry Paulson to task for the government's failure to buy up problem mortgages.

Two banks vow to turn bailout into loans

WASHINGTON, Oct. 31 (UPI) -- Two U.S. banks have said they would put a substantial amount of their federal bailout assistance funds into circulation as loans in short order.
Sen. Shelby: Bailout as presented flawed

Sen. Shelby: Bailout as presented flawed

WASHINGTON, Sept. 26 (UPI) -- The $700 billion Wall Street bailout proposed by U.S. Treasury Secretary Henry Paulson is structurally flawed, Sen. Richard Shelby, R-Ala., said Friday.

Frank: $700B bailout a three-part plan

WASHINGTON, Sept. 25 (UPI) -- U.S. lawmakers agreed Thursday the $700 billion Wall Street bailout would be divided into three parts, House Financial Services Committee Barney Frank said.

CEO gives up $22 million paycheck

WASHINGTON, Sept. 23 (UPI) -- Robert Willumstad, former chief executive officer of the largest U.S. insurance company, left a $22 million paycheck sitting on the table, sources said.

Rep. Frank expects add-ons to bailout plan

WASHINGTON, Sept. 21 (UPI) -- A key Democratic congressman indicated Sunday Congress will put its own stamp on the Bush administration's Wall Street rescue plan.
Congress wants say in bailout decisions

Congress wants say in bailout decisions

WASHINGTON, Sept. 18 (UPI) -- Congressional Democrats and Republicans alike are expressing concern at being left out of decisions concerning the U.S. financial crisis.
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Lori Anne Madison, 6, competes in Scripps National Spelling Bee
View Caption
Lori Anne Madison, 6, of Woodbridge, Virginia, spells out the letters in her word as she competes during the opening round of the Scripps National Spelling Bee, May 30, 2012, in National Harbor, Maryland. Madison, the youngest known qualifier in the history of the contest, correctly spelled the word "dirigible*", a lighter-than-air aircraft, to advance. UPI/Mike Theiler