![]() Report for America is a nonprofit national service program that places journalists in local newsrooms to report on undercovered issues. Associated Press/Report for America Statehouse News Initiative reporter Maysoon Khan contributed from Albany, New York. Exclusive Video from Congressman Barney Frank's weddingWe're back with a check-in from groomsman Baruch The wedding ceremony just ended and we caught up wi. Mulvihill reported from Cherry Hill, New Jersey. He said the insurance limit for businesses should also be raised permanently by Congress to an amount high enough to cover a few months’ worth of payroll for most firms. Back in 1987, Frank was the first member of. Barney Frank (D-MA) married his longtime partner Jim Ready in a small Saturday ceremony in Newton, Mass. The bank’s top executives were ousted and it reopened Monday under operational control of the FDIC as Signature Bridge Bank.Īlso Monday, the FDIC announced that those with deposits in both banks would have full access to them - even the amounts that exceed the regular $250,000 insurance limit.įrank said that if the FDIC had agreed to insure the entire deposits on Friday rather than waiting until Monday, Signature would not have been taken over. Barney Frank (D-MA) married his longtime partner Jim Ready in a small Saturday ceremony in Newton, Mass. Read our interview with former congressman Barney Frank, who talks his new memoir, Frank: A Life in Politics from the Great Society to Same-Sex Marriage. Barney Frank openly admits that Signature was arbitrarily shuttered despite no insolvency because regulators wanted to kill off the last major pro-crypto bank. “This is not about a particular sector in the case of Signature Bank, but we moved quickly to make sure depositors were protected,” said New York Financial Services Superintendent Adrienne Harris.
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