Barney Frank Accused of Fannie Mae Conflict of Interest

Unqualified home buyers were not the only ones who benefited from Massachusetts Rep. Barney Franks efforts to deregulate Fannie Mae throughout the 1990s.

"Its 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?

"If this had been his ex-wife and he was Republican, I would bet every penny I have - or at least whats not in the stock market - that this would be considered germane," added Gainor, a T. Boone Pickens Fellow. "But everybody wants to avoid it because hes gay. Its the quintessential double standard."

So did Franks partner, a Fannie Mae executive at the forefront of the agencys 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 Fannies 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.

A top GOP House aide agreed.

"Cmon, he writes housing and banking laws and his boyfriend is a top exec at a firm that stands to gain from those laws?" the aide told FOX News. "No media ever takes note? Imagine what would happen if Franks political affiliation was R instead of D? Imagine what the media would say if [GOP former] Chairman [Mike] Oxleys wife or [GOP presidential nominee John] McCains wife was a top exec at Fannie for a decade while they wrote the nations housing and banking laws."

Category:

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• Interest

[claymatthewcampbell]

this should be a lesson to all of us. never let a guy who takes it up the ass handle the money

[midway27272727]

Barney Frank is a living ass !!

[kolgy1]

Barney is just a lying little butt fucker.

[brachieboo]

BARNEY FUCKING DIE ALREADY GET AIDS FROM YOUR LITTLE NAMBLA PARTIES

[DimeWyldeBilly]

Some fag voted thumbs down on all the pro Bill comments. Obviously Barney's lover. Bill is a badass. These fucks, (and that means any of them that were involved in contributing to the housing crisis, Reps, Dems, bankers, etc.) should be executed. Most of us are losing or have lost our homes, how many homes do you think this asshole Frank has that are paid for? I hope there is an extra warm place in hell set aside for him.

[joswan14]

OReily for president!!! Frank is not "man" enough! LOL He's a liar....and thank GOD someone has the balls to RANT! We are sick of the likes of you Barney Frank...go to hell and take Pelosi and Reid with you.

[queenstorm]

Thanks for screwing us Barney. Keep looking after us Bill!

[anymanusa]

get him bill.

[Alyazoo]

That's why he is the queen of gays ,

[ClevelandHost]

Clay------

Line of the year. No nailed it.

[rdk4845]

Barney Frank effed the economy.