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Latest On Barney Frank

  • Uptick Rule

    Barney Frank just said the SEC is going to bring back the uptick rule. So what is it? It's designed to slow down short-sellers by requiring them to sell at a price higher than the previous trade. The rule was created following the Great Depression and removed in July 2007. People have basically been calling for its reinstatement ever since. Read More ›

    Google Trends 3 years ago 2 responses

  • Decriminalizing Mary Jane

    US Congress Rep. Barney Frank proposes bill that, if passed, will radically curb federal penalties for personal marijuana use. The bill is titled the Personal Use of Marijuana by Responsible Adults Act of 2008, or HR 5843, and would be aimed at ending federal penalties for Americans carrying less than a quarter ounce. The bill comes at a time when general consensus has been reached that US drug laws are a misuse of valuable resources and disproportionately target Black Americans. Frank, a cigar-smoker, has indicated that if the bill is passed he will promptly switch to blunts…ahem, sorry, I mean not smoke marijuana anyway. Read More ›

    John Redmond 3 years ago respond