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Sherman and Berman are facing off in a redrawn Los Angeles district that mostly includes Sherman's old territory. Sherman has a big geographic edge as well as a cash advantage, led in the first round of voting in California's "top two" primary system by a wide margin, and seems to have an edge heading into the November election. But Berman has received the backing of most of the state's Democratic elected officials, as well as many more members of Congress.
Rep. Barney Frank (D-Mass.) said fellow Rep. Brad Sherman (D-Calif.) is a "superficial and headline-hunting" congressman on a conference call for Sherman's opponent, fellow Rep. Howard Berman (D-Calif.).
Frank, never one to mince words, said while he'd already endorsed Berman in the race, he'd planned on staying mostly uninvolved until Sherman claimed that he'd "had more to do with" the Dodd-Frank bill to regulate Wall Street "than anyone except Dodd and Frank," and that he'd forced a major change in the Troubled Asset Relief Program.
The former Financial Services Committee chairman and author of the Dodd-Frank scoffed at both claims.
"They are both appallingly off the mark, they are fantasies. I am a great admirer of Howard Berman. I am not an admirer of Brad Sherman's approach, I think it's superficial and headline-hunting," he said Tuesday afternoon. "This is unfortunately what he does — makes things up to enhance his role, and there's no basis for it."
Sherman fired back.
"The people of the San Fernando Valley know I opposed the $700 million Wall Street bailout. I know I made Congressman Frank extremely angry because he saw me as anti-bailout and Berman as pro-bailout," he said in a statement to The Hill. "Now the Masschusetts congressman is trying to extend the bailout to the Berman campaign."
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http://www.nakedcapitalism.com/2012/08/barney-franks-temper-tantrum-how-tarp-still-hangs-over-our-politics.html
...In 2008, while the financial system was lurching from crash to crash, Sherman led what was known as the bipartisan “skeptic’s caucus”. This was a group that successfully voted down the legislation, in a move that sent the stock market plummeting. The bill was then sent to the Senate, which passed it, and then back to the House, which, because of Obama’s intervention, then passed the bailout. Barney whipped hard for TARP, while Sherman sought to stop it and impose a set of different policies. Here’s a letter sent by Sherman convening Democratic opposition to TARP.
Democratic MEMBERS Meeting on Bailout Plan, TODAY, Room 2220, 2:30-3:30pm
From: The Honorable Brad Sherman
Date: 9/22/2008
Skeptical About the
Administration’s $700 Billion Bailout Plan?
Democratic Members Meeting
Room 2220
2:30-3:30 P.M.
Dear Democratic Colleague:
Are you skeptical about the $700 billion bailout bill? Let’s meet in Room 2220 on Monday, September 22, 2008 at 2:30 PM. Come to the first and perhaps only meeting of the Skeptics Caucus to discuss President Bush’s $700 billion bailout bill. Democratic Members and Senior Staff only.
Bring specific legislative proposals. I will be bringing legislative proposals to carry out the principles set forth in the letter below. If you have questions about this meeting, please contact me or my Legislative Director and Counsel, Gary Goldberg, at xyz.
Sincerely,
Brad Sherman
Member of Congress
cont.
Sherman and Berman are facing off in a redrawn Los Angeles district that mostly includes Sherman's old territory. Sherman has a big geographic edge as well as a cash advantage, led in the first round of voting in California's "top two" primary system by a wide margin, and seems to have an edge heading into the November election. But Berman has received the backing of most of the state's Democratic elected officials, as well as many more members of Congress.
Rep. Barney Frank (D-Mass.) said fellow Rep. Brad Sherman (D-Calif.) is a "superficial and headline-hunting" congressman on a conference call for Sherman's opponent, fellow Rep. Howard Berman (D-Calif.).
Frank, never one to mince words, said while he'd already endorsed Berman in the race, he'd planned on staying mostly uninvolved until Sherman claimed that he'd "had more to do with" the Dodd-Frank bill to regulate Wall Street "than anyone except Dodd and Frank," and that he'd forced a major change in the Troubled Asset Relief Program.
The former Financial Services Committee chairman and author of the Dodd-Frank scoffed at both claims.
"They are both appallingly off the mark, they are fantasies. I am a great admirer of Howard Berman. I am not an admirer of Brad Sherman's approach, I think it's superficial and headline-hunting," he said Tuesday afternoon. "This is unfortunately what he does — makes things up to enhance his role, and there's no basis for it."
Sherman fired back.
"The people of the San Fernando Valley know I opposed the $700 million Wall Street bailout. I know I made Congressman Frank extremely angry because he saw me as anti-bailout and Berman as pro-bailout," he said in a statement to The Hill. "Now the Masschusetts congressman is trying to extend the bailout to the Berman campaign."
***
http://www.nakedcapitalism.com/2012/08/barney-franks-temper-tantrum-how-tarp-still-hangs-over-our-politics.html
...In 2008, while the financial system was lurching from crash to crash, Sherman led what was known as the bipartisan “skeptic’s caucus”. This was a group that successfully voted down the legislation, in a move that sent the stock market plummeting. The bill was then sent to the Senate, which passed it, and then back to the House, which, because of Obama’s intervention, then passed the bailout. Barney whipped hard for TARP, while Sherman sought to stop it and impose a set of different policies. Here’s a letter sent by Sherman convening Democratic opposition to TARP.
Democratic MEMBERS Meeting on Bailout Plan, TODAY, Room 2220, 2:30-3:30pm
From: The Honorable Brad Sherman
Date: 9/22/2008
Skeptical About the
Administration’s $700 Billion Bailout Plan?
Democratic Members Meeting
Room 2220
2:30-3:30 P.M.
Dear Democratic Colleague:
Are you skeptical about the $700 billion bailout bill? Let’s meet in Room 2220 on Monday, September 22, 2008 at 2:30 PM. Come to the first and perhaps only meeting of the Skeptics Caucus to discuss President Bush’s $700 billion bailout bill. Democratic Members and Senior Staff only.
Bring specific legislative proposals. I will be bringing legislative proposals to carry out the principles set forth in the letter below. If you have questions about this meeting, please contact me or my Legislative Director and Counsel, Gary Goldberg, at xyz.
Sincerely,
Brad Sherman
Member of Congress
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