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Barney Frank is Conflicted
10/06/08 23:37, by Dozer, Categories: News, Articles and Information, Political, Breaking News , Tags: barney frank, conflict of interest, fannie mae, herb moses Friday Oct 3rd, 2008 while we the people were being lectured about the Credit Crisis and impending doom if the Pork Barrel Bailout / Cover-up bill did not get passed, some on the street and in Congress started to question how it really happened. Questions began to surface about Fannie and Freddie and high risk loans. Questions about oversight and regulation. Questions about the Social Engineering policies of the Government to force banks to make "Affordable Housing" loans.
In the midst of all of the turmoil Fox News Bill Sammon publishes a very serious conflict of interest charge on Barney Frank. In the article Lawmaker Accused of Fannie Mae Conflict of Interest
Unqualified home buyers were not the only ones who benefitted from Massachusetts Rep. Barney Frank’s efforts to deregulate Fannie Mae throughout the 1990s.
So did Frank’s partner, a Fannie Mae executive at the forefront of the agency’s push to relax lending restrictions.
Now that Fannie Mae is at the epicenter of a financial meltdown that threatens the U.S. economy, some are raising new questions about Frank's relationship with Herb Moses, who was Fannie’s assistant director for product initiatives. Moses worked at the government-sponsored enterprise from 1991 to 1998, while Frank was on the House Banking Committee, which had jurisdiction over Fannie.
Both Frank and Moses assured the Wall Street Journal in 1992 that they took pains to avoid any conflicts of interest. Critics, however, remain skeptical.
"It’s absolutely a conflict," said Dan Gainor, vice president of the Business & Media Institute. "He was voting on Fannie Mae at a time when he was involved with a Fannie Mae executive. How is that not germane?
WHAT!?!
Barney Frank was voting on laws that would affect Fannie Mae while his boyfriend was one of Fannie's assistant directors. You have to be kidding me, this could not be true. No Lawmaker would ever allow himself to be in such a situation.
Wrong, it was a democrat so he felt reasonably sure that even if it got out, no media would ever cover it or expose the truth.
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