Barney Frank (D-Mass) with an unknown admirer.
Barney Frank, the pansy in chief of the House Financial Services Committee, has an ex-spouse in the employ of Fannie Mae.
Prominent Democrats ran Fannie Mae, the same government-sponsored enterprise (GSE) that donated campaign cash to top Democrats. And one of Fannie Mae’s main defenders in the House – Rep. Barney Frank, D-Mass., a recipient of more than $40,000 in campaign donations from Fannie since 1989 – was once romantically involved with a Fannie Mae executive.
The media coverage of Frank’s coziness with Fannie Mae and his pro-Fannie Mae stances has been lacking. Of the eight appearances Frank made on the three broadcasts networks between Jan. 1, 2008, and Sept. 21, 2008, none of his comments dealt with the potential conflicts of interest. Only six of the appearances dealt with the economy in general and two of those appearances, including an April 6, 2008 appearance on CBS’s “60 Minutes” were about his opposition to a manned mission to Mars.
Frank has argued that family life “should be fair game for campaign discussion,” wrote the Associated Press on Sept. 2. The comment was in reference to GOP vice presidential nominee Sarah Palin and her pregnant daughter. “They’re the ones that made an issue of her family,” the Massachusetts Democrat said to the AP.
The news media have covered the relationship in the past, but there have been no mentions since 2005, according to Nexis and despite the collapse of Fannie Mae. The July 3, 1998, Reliable Source column in The Washington Post reported Frank, who is openly gay, had a relationship with Herb Moses, an executive for the now-government controlled Fannie Mae. The column revealed the two had split up at the time but also said Frank was referring to Moses as his “spouse.” Another Washington Post report said Frank called Moses his “lover” and that the two were “still friends” after the breakup.
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Tags: 2008 Elections, Democrat Hypocrisy, Democrat Party, Liberal Hypocrisy, Low Wattage Of The Liberal Mindset, MSM, Nancy Pelosi, National Politics, U. S. House Of Representatives
Stumble It!
September 29th, 2008 at 7:13 pm
…and in other news of…. substance
The US Army announced today that an American soldier was killed in action today in Iraq.
The Defense Dept says the soldier came under small-arms fire during a patrol Monday afternoon in eastern Baghdad.
He was Pvt Michael J. Medders, age 25, of Akron Ohio
He was assigned to the 3rd Battalion, 29th Field Artillery Regiment, 3rd Brigade Combat Team, 4th Infantry Division, Fort Carson, Colo.
The death raises to at least 4,175 members of the US military who have died in the Iraq war since it began in March 2003.
http://www.defenselink.mil/releases/index.aspx
September 29th, 2008 at 8:16 pm
Stuck on homophobia, well that’s just part of the deal, isn’t it. That’s part of the “small town values” they were bragging about at the Republican convention.
If you’re wondering why McCain doesn’t slam Obama with his “Freddie and Fannie” connections it’s because McCain is much, much more entrenched in that - starting with his freaking CAMPAIGN MANAGER!
Look, snort, snort, it’s one of them homoseckshul fellers, not like our upstandin’ conservatives like Larry Craig!
September 29th, 2008 at 9:10 pm
I guess I would rather have a campaign manager entrenched with freddie than the actual DEMOCRAT CANDIDATE. If your wondering why Obama doesnt make slam McCain, dolt. Oh and by the way, Davis isnt accepting pay from his own firm while running this campaign, but you third grader types probably didnt read that far.
September 29th, 2008 at 9:15 pm
Katie the cowgirl writes:
“If you’re wondering why McCain doesn’t slam Obama with his “Freddie and Fannie” connections …”
I guess if you were never bright enough to get through a proper university, scratch that, any university, this would actually be a question. Or maybe your just so filled with vile sexist anger, you just cant stop yourself…either way, even this silly premise to her point is invalid (thats logics katie), since McCain actually had a harsh ad against Barack “I like Fannie money” OBama.
September 29th, 2008 at 9:48 pm
Spare me the “hater” lecture, you people are truly hateful, you are motivated ONLY by fear and hate.
Oh yes your homophobia is not vile or hateful at all! At least you spelled it right, Michelle Obama was called “vial” on Free Republic, LOL!
OK so let’s have McCain or (LOL) Palin call Obama on his “F&F” scandal. They wouldn’t DARE.
As for this ridiculous accusation that anybody that notices that Sarah Palin is a mental lightweight is “sexist,” give me a break. SNL doesn’t even have to WRITE the sketches, they just quote her! Country first? The signs at the GOP should have said “Pandering First.” McCain picking Palin was the ULTIMATE in pandering.
September 29th, 2008 at 9:57 pm
http://www.youtube.com/watch?v=_MGT_cSi7Rs Even when staring the truth in the face…Some still won’t accept how vile the Democrats have become…
September 30th, 2008 at 2:20 am
Katie stop changing the subject, Bret is right you you suddenly change the to someone calling Michelle Obama “vial” PLEEEEEEEEEEEEEEEEEZE spare us.
Inter Office Obama Memo for anti conservative blogger:
step 1:Lie
step 2:Lie some more
step 3:If caught in a lie change the subject
step 4:If all else fails call people names
step 5:If name calling doesn’t work crawl in a corner and suck your thumb untill Barry says you can go home.
FYI Katie: TRUTH ISN’T HATE
September 30th, 2008 at 2:22 am
BTW I know you still get paid less than your male counterparts in Barry’s office.
September 30th, 2008 at 2:30 am
truth isn’t hate, that’s right — the sick gaybashing you people resort to every election is hate. Gay people exist in this world and always have, get over it , You’re such children.
Name calling, I’ve been called quite a few…and as for changing the subject, the “paid” accusation appears every time I win an argument. Please. It’s not hard to win an argument with the stuckas. It takes like 20 seconds. Hardly qualifies as a “job!” LOL!
September 30th, 2008 at 5:09 am
RE: The Community Reinvestment Act (CRA), passed in 1977 —
Guess what, it had nothing to do with the subprime crisis.
The polls indicate the American clearly blames a Bush Administration who actually weakened CRA enforcement and the law’s reach since the day it took office.
The CRA was at its strongest in the 1990s, under the Clinton administration, a period when subprime loans performed quite well.
It was only after the Bush administration cut back on CRA enforcement that problems arose, a timing issue which should stop those blaming the law, dead in their tracks.
The Federal Reserve, too, did nothing but encourage the wild west of lending in recent years. It wasn’t until the middle of 2007 that the Fed decided it was time to crack down on abusive pratices in the subprime lending market…..oops!
1) The real blame lies in with the Republican led Congrees that pushed the 2000 law which ensured that credit default swaps would remain unregulated
2) Then came the SEC’s reckless 2004 decision to allow the largest brokerage firms to borrow upwards of 30 times their capital and
3) that same agency’s failure to oversee those brokerage firms in the next 4 years as Lehman Bros, Bear-Stearns etc gorged on those derivatives.
This lending crisis created from 2004 to 2007 did not begin with a sound 1977 law.
Wall Street is well aware that most subprime loans were made by firms that aren’t subject to the CRA.
University of Michigan law professor Michael Barr testified back in February before the House Committee on Financial Services that 50% of subprime loans were made by mortgage service companies NOT subject comprehensive federal supervision and another 30% were made by affiliates of banks or thrifts which are not subject to routine supervision or examinations.
Here’s a HTML version of the pdf file:
http://74.125.45.104/search?q=cache:TcA9Tzx4aqgJ:www.house.gov/apps/list/hearing/financialsvcs_dem/barr021308.pdf+subprime+University+of+Michigan’s+Michael+Barr&hl=en&ct=clnk&cd=1&gl=us&client=firefox-a
Then we have former Fed Governor Ned Gramlich warning in an August, 2007 speech (shortly before he passed away):
[.. In the subprime market where we badly need supervision, a majority of loans are made with very little supervision. It is like a city with a murder law, but no cops on the beat. ..]
Now we have whining Republican finger pointing, investigations and Congressional hearings will take years to resolve are a waste — The final verdict of this Republican economic collapse (and parting gift as they leave office) will be given by the American people on November 4th.
September 30th, 2008 at 5:16 am
– actaul pdf file of Michael Barr’s testimony:
http://www.house.gov/apps/list/hearing/financialsvcs_dem/barr021308.pdf.
September 30th, 2008 at 8:59 am
I know, the Community Reinvestment Act of 1977, OMG, that is SO stuck on stupid. Give me a break. The loans that failed are BushCo era “creative” loans, not from 1977!
I think that’s a way for the Stuckers to stick some racism in, nothing is EVER Bush’s Fault after all! Hey did you know NEGROES were buying houses! That must be the problem. Nice we have some homophobia AND racism logic in this thread, talk about stuck on stupid.
September 30th, 2008 at 9:14 am
I hope SarahCuda gets on national TV with Joe Biden and says the problem is the Reinvestment Act of 1977. OH PLEASE OH PLEASE OH PLEASE. That would be great. And then she can add that she’s seen fossils of human and dinosaur footprints! Cuz it sez right there in the Bible GOD made them both the same week. That’s on the french yahoo page this morning….check out the pic of Jesus riding Dino. They must be scratching their heads wondering what the hell ever happened to America. God she’s such an embarrassment.
http://fr.yahoo.com/
September 30th, 2008 at 6:19 pm
Your right Katie I apologize, this does hardly qualify as a job for you I hear McDonalds is hiring. Oh but then again your not into the whol Mc-anything are ya?
And since know one belives you you still haven’t won the argument and it’s still not right as a public official to touch anyone on the back side male, female or whatever.
October 2nd, 2008 at 10:57 am
1999 NYTimes article that sheds good light on why mortgages are collapsin:
“In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders. ”
“Fannie Mae, the nation’s biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits.”
http://query.nytimes.com/gst/fullpage.html?res=9C0DE7DB153EF933A0575AC0A96F958260&sec=&spon=&pagewanted=1