Yesterday on Meet The Press during a segment reflecting on the 5 year anniversary of the banking collapse, former House Rep (NY-D), Barney Frank, challenged the assertion by Maria Bartiromo–and backed by Henry Paulson–that we have to get over hating Wall Street.
In discussing the low favorability rating (14%) of Wall Street from a recent survey, Bartiromo said this,
“We need to get beyond the conversation of ‘Is Wall Street evil? Are the bankers evil and causing pain? And toward the conversation of how do you create sustainable economic growth. That will answer the issue of inequality. Because with growth, come jobs.”
Paulson followed with,
“I couldn’t agree more,” Paulson said. “I mean, to me, that’s what it’s all about is sustainable economic growth.”
Which basically teed it up for Barney Frank to go all Barney Frank on the panel. Barney’s retort.
“I do want to add one thing to your point about those poor, beleaguered bankers, who have been forced to do so much that they can’t lend money. If they really are running businesses that are so stressed that they can’t do their basic work, why are they paying themselves so much money? Where did these enormous salaries come from if they were, in fact, such serious trouble,”
And then it got awkward, until milquetoast host, David Gregory came in and changes the subject.
This is why people love Barney.