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Frank Interceded For Another Corrupt Dem

Now this is a different sort of legal defense. From the Boston Herald:

Barney Frank defends support of bank after call from disgraced pol

By Frank Quaratiello  |   Tuesday, August 3, 2010

U.S. Rep. Barney Frank said yesterday he has “no regrets” about his role in helping a troubled Boston bank qualify for a $12 million federal bailout now at the center of ethics charges against California Rep. Maxine Waters.

In fact, Frank – chairman of the powerful House Financial Services Committee – says he never helped OneUnited at the behest of Waters, whose husband had served on the bank’s board.

Instead, the Bay State congressman said he worked to promote the bailout at the request of scandal-plagued then-state Sen. Dianne Wilkerson.

“I was already working on behalf of OneUnited, I was called by Senator Wilkerson and others, I don’t remember who. I was out in California doing a hearing and got a call from Wilkerson,” he told the Herald yesterday.

How does intervening for one crooked politician preclude intervening for another?

At the time Frank said he acted on Wilkerson’s behalf, the senator was one month away from federal bribery charges to which she recently pleaded guilty. She had previously pleaded guilty to failure to pay federal income taxes and been cited for unreported campaign donations and expenditures.

In 2001, she was fined as a sitting senator by the State Ethics Commission for failing to report consulting fees from OneUnited’s predecessor, the Boston Bank of Commerce, for which she had lobbied.

Ah, yes, that is much better, Mr. Frank.

By the way, this article only touches on a few of the highlights of Ms. Wilkerson’s illustrious political career. Ms. Wilkerson was a former Democratic member of the Massachusetts Senate, from 1993 to 2008. She was the first African American female to serve in the Massachusetts Senate.

Ms. Wilkerson was sentenced to house arrest in 1997 after pleading guilty to failing to pay $51,000 in federal income taxes in the 1990s. In 2001, she was fined $1,000 by the State Ethics Commission for failing to report that a bank she lobbied for as Senator was paying her more than $20,000 a year as a consultant.

In 2005, the state Attorney General filed a lawsuit against Wilkerson, alleging she had not reported nearly $27,000 in donations and $18,000 in personal reimbursements. She agreed to pay a $10,000 fine and forego about $30,000 in debts owed her to settle the allegations.

The state Office of the Bar Counsel filed a complaint in 2008, accusing Wilkerson of lying under oath at a 2005 court hearing at which her nephew requested a new trial on a manslaughter conviction. Wilkerson gave "intentionally false, misleading, and deceptive testimony" according to the eight-page petition for discipline.

In, 2008, Ms. Wilkerson was arrested on public corruption charges by the FBI for allegedly accepting bribes totaling $23,500. She formally resigned her Senate seat on November 19, 2008.

In 2010 she plead guilty to eight counts of attempted extortion. Ms. Wilkerson is currently free on bail while awaiting sentencing…

Waters approached Frank on behalf of OneUnited in early September 2008 and Frank, who is identified only as “Representative A” in the ethics report released yesterday, told her: “He would address the problem. Representative A then asked his staff to take over the OneUnited issue from Representative Waters.”

Gee, that sure sounds like a agreed to help, to our admittedly un-lawyered-up ears.

Waters faces a House trial this fall on three ethics charges relating to a request for federal help for OneUnited where her husband, Sidney Williams, had been a director and still owned stock. According to the ethics report, Waters called for and got a meeting with top Treasury and government officials, including representatives from Frank’s office and Sen. John F. Kerry’s office, on Sept. 9, 2008

So why hasn’t the Heinz heiress, Mr. Kerry, been mentioned in previous reports about this investigation?

OneUnited received $12 million from the massive federal TARP program. So far, OneUnited hasn’t proven too good an investment – the bank has missed five dividend payments to the Treasury Department.

Of course this is the wrong yardstick to use to measure this “investment.” This $12 million dollar investment has undoubtedly been very good for Ms. Waters, her husband, Mr. Frank, Mr. Kerry, and the rest of the Democrat Party.

After all, this taxpayer bailout of OneUnited was ultimately a just another patented wealth redistribution scheme. With money going from those who might not vote for Democrats, to those who surely will.

How could that possibly be wrong?

This article was posted by Steve on Tuesday, August 3rd, 2010. Comments are currently closed.

6 Responses to “Frank Interceded For Another Corrupt Dem”

  1. Liberals Demise says:

    Anyone but me see a pattern here?
    I’m not a lawyer nor did I spend the night at a Holiday Inn Express but “Representative A” now must address another problem. Add to the fact that Mr. Heinz Kerry was rolling in the flea infested blanket of Non Persona Virtue.

    Thick as Thieves and we’re just scraping the top of the barrel……..

  2. heykev says:

    “Another Corrupt Dem”

    Believe Corrupt and Dem are synonymous, so it’s somewhat to restate corrupt again.

    It would take every lawyer in DC to work on this if we were to bring charges against every “corrupt Dem” in office there.

    • Right of the People says:

      Couldn’t we just put them under a blanket indictment for general corruptness?

      We could open a prison just for them, after all the murders, rapists and other scum might complain about the neighborhood going to hell if we dumped them in a regular prison. On the other hand Mister Fwanks might enjoy a roommate named Bubba.

  3. White_Polluter says:

    Why doesn’t Barney use the magic “Bush Fault” defense? Or a least cry racism? I think he is slipping a bit in old age. Maybe he’s been inhaling a little of that wacky tabaccy that his “partner” got caught growing last year.

  4. canary says:

    So dictator Barney Frank should be charged along side Maxine Waters.

  5. finebammer59 says:

    as they would say in vegas: “load the boat”.

    (and speaking of boats, has kerry paid those taxes yet??? seen a receipt???)

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