According to an article from the Washington Post, our beloved congressman, Barney Frank, gave “special consideration” of TARP funds to a MA based bank — and that bank has now defaulted on FOUR TARP dividend payments.
Barney, say it ain’t so:
Thirteen banks have now missed four dividend payments, including OneUnited Bank of Massachusetts, which got government aid after Rep. Barney Frank (D-Mass.) inserted language into the bailout bill that effectively directed Treasury to give the bank special consideration.
Click here to read the Washington Post article