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October 03, 2008

ZOMG: Barney Frank's "Partner"? An Executive at Fannie Mae

On the plus side, we're not the only ones this executive has been [deleted because you saw this joke coming six miles beyond the actual horizon, and I refuse to do the cheap stuff.].

Eh, fuck that: Barney has a Fannie buddy.

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?

Does the fucking press do NO SCRUTINIZING OR DIGGING even into the most basic facts about Democrats whatsoever?

Why is this just coming out now? At Fox Fucking News, of course.

Why?

Why is it I fucking know the exact time Sarah Palin had amniotic fluid leakage and I'm just finding this out now?

Thanks to Christopher.






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