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Damian Paletta

👤 Speaker
572 total appearances

Appearances Over Time

Podcast Appearances

The Journal.
Barney Frank’s Legacy of Financial Reform

Oh, yeah.

The Journal.
Barney Frank’s Legacy of Financial Reform

I mean, I remember this was 15 years ago.

The Journal.
Barney Frank’s Legacy of Financial Reform

I remember it was like it was this morning.

The Journal.
Barney Frank’s Legacy of Financial Reform

So the next day I go up on Capitol Hill and he comes right up in my face.

The Journal.
Barney Frank’s Legacy of Financial Reform

I swear he was like two inches from my face.

The Journal.
Barney Frank’s Legacy of Financial Reform

I could smell his breath.

The Journal.
Barney Frank’s Legacy of Financial Reform

I could smell the tobacco on his breath.

The Journal.
Barney Frank’s Legacy of Financial Reform

That's how close he was to my face.

The Journal.
Barney Frank’s Legacy of Financial Reform

And he said, Damien, you betrayed me.

The Journal.
Barney Frank’s Legacy of Financial Reform

And I mean, I don't know what he was talking about, betrayed.

The Journal.
Barney Frank’s Legacy of Financial Reform

I'm a reporter, but he was so intense.

The Journal.
Barney Frank’s Legacy of Financial Reform

It was so personal for him, like that story.

The Journal.
Barney Frank’s Legacy of Financial Reform

And he read every single thing you wrote and he had comments and feedback on it.

The Journal.
Barney Frank’s Legacy of Financial Reform

And I will never forget that moment.

The Journal.
Barney Frank’s Legacy of Financial Reform

Wow.

The Journal.
Barney Frank’s Legacy of Financial Reform

It's sort of a classic Massachusetts democratic machine story.

The Journal.
Barney Frank’s Legacy of Financial Reform

He kind of grew up in an era where there were people looking out for you, you learned how to do things the old school way, how to do favors for each other, how to look out for each other, and you rose through the ranks.

The Journal.
Barney Frank’s Legacy of Financial Reform

Well, I remember him telling me that Tip O'Neill, at the time, who was the House Speaker, was really trying to mentor Barney Frank to be a future House Speaker.

The Journal.
Barney Frank’s Legacy of Financial Reform

And, you know, when he came out as gay, and there was a scandal, to be sure, that was kind of associated with part of his coming out in this way.

The Journal.
Barney Frank’s Legacy of Financial Reform

There was a conversation between Tip O'Neill and Barney Frank that acknowledged that Barney Frank would never get to that spot, that he was smart enough to be Speaker one day, but it was because of this scandal that he had and the fact that he was gay that he would never get to that position.