Magazine article American Banker

Washington People

Magazine article American Banker

Washington People

Article excerpt

Byline: Stacy Kaper and Joe Adler

Hot on Fire Island

The financial crisis has left many watching their wallets more carefully, apparently including House Financial Services Committee Chairman Barney Frank.

The Massachusetts Democrat caused a scene when he was a denied a $1 senior citizen discount for a ferry fare to Fire Island Pines, according to the New York Post gossip column "Page Six."

The story said Frank was denied the discount because he did not have the required Suffolk County, N.Y., senior citizens ID. The Post quoted a witness saying, "Frank made such a drama over the senior rate that I contemplated offering him the dollar to cool down the situation." The story was picked up by the Boston Herald, which reported that Frank's office said the whole affair was overblown.

"It's hard to imagine Barney fighting anyone over a dollar," Harry Gural, a spokesman for Frank, said in the Herald account.

In My Day ...

Ben Bernanke can now find sympathy, not with a fellow regulator, but with Stephen Strasburg, the rookie sensation who pitches for the Washington Nationals.

The Fed chairman isn't picking up a glove, and the 22yearold Strasburg is too busy wowing major league crowds to control interest rates. Instead, the two could commiserate over being targets of rebuke from one Jim Bunning.

The Republican member of the Senate Banking Committee from Kentucky, well known for putting Bernanke through the fire at hearings, lit into Strasburg last week after he was scratched from his scheduled start moments before game time over a shoulder injury.

Bunning, a Hall of Fame pitcher before entering politics, had been one of the more than 40,000 fans to snap up tickets to see Strasburg Tuesday, only to be disappointed by his no show. The home team won, but that didn't stop Bunning, who had seen Strasburg pitch four previous times, from mocking the young pitcher. …

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