• If you are having problems logging in please use the Contact Us in the lower right hand corner of the forum page for assistance.

Barney's Suck Buddy

Mike

Well-known member
Lawmaker Accused of Fannie Mae Conflict of Interest
Friday, October 03, 2008

By Bill Sammon

E-Mail Respond Print Share:

WASHINGTON — 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?

"If this had been his ex-wife and he was Republican, I would bet every penny I have - or at least what’s 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 he’s gay. It’s the quintessential double standard."

A top GOP House aide agreed.

"C’mon, 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 Frank’s political affiliation was R instead of D? Imagine what the media would say if [GOP former] Chairman [Mike] Oxley’s wife or [GOP presidential nominee John] McCain’s wife was a top exec at Fannie for a decade while they wrote the nation’s housing and banking laws."

Frank’s office did not immediately respond to requests for comment.

Frank met Moses in 1987, the same year he became the first openly gay member of Congress.

"I am the only member of the congressional gay spouse caucus," Moses wrote in the Washington Post in 1991. "On Capitol Hill, Barney always introduces me as his lover."

The two lived together in a Washington home until they broke up in 1998, a few months after Moses ended his seven-year tenure at Fannie Mae, where he was the assistant director of product initiatives. According to National Mortgage News, Moses "helped develop many of Fannie Mae’s affordable housing and home improvement lending programs."

Critics say such programs led to the mortgage meltdown that prompted last month’s government takeover of Fannie Mae and its financial cousin, Freddie Mac. The giant firms are blamed for spreading bad mortgages throughout the private financial sector.

Although Frank now blames Republicans for the failure of Fannie and Freddie, he spent years blocking GOP lawmakers from imposing tougher regulations on the mortgage giants. In 1991, the year Moses was hired by Fannie, the Boston Globe reported that Frank pushed the agency to loosen regulations on mortgages for two- and three-family homes, even though they were defaulting at twice and five times the rate of single homes, respectively.

Three years later, President Clinton’s Department of Housing and Urban Development tried to impose a new regulation on Fannie, but was thwarted by Frank. Clinton now blames such Democrats for planting the seeds of today’s economic crisis.

"I think the responsibility that the Democrats have may rest more in resisting any efforts by Republicans in the Congress or by me when I was president, to put some standards and tighten up a little on Fannie Mae and Freddie Mac," Clinton said recently.
 

VanC

Well-known member
Mike said:
Three years later, President Clinton’s Department of Housing and Urban Development tried to impose a new regulation on Fannie, but was thwarted by Frank. Clinton now blames such Democrats for planting the seeds of today’s economic crisis.

"I think the responsibility that the Democrats have may rest more in resisting any efforts by Republicans in the Congress or by me when I was president, to put some standards and tighten up a little on Fannie Mae and Freddie Mac," Clinton said recently.

I thought this deserved a second look.
 

alice

Well-known member
Sandhusker said:
Did you guys hear O'Reiley rip into Barney? He stuck it to him. I'll bet Barney used up a gallon of spit trying to answer!

Yup, O'Reilley sounded so much like Jerry Springer... :lol: :lol: :lol:

But then, why shouldn't he...his original claim to fame is as a gossip talking head...:lol: :lol: :lol:

Alice
 

alice

Well-known member
Barney's Suck Buddy

Oh, and Mike, it doesn't surprise me at all that you'd come up with something this vile! You seem to live for crap like this. It's like you hope something comes along that you can spew your perverted garbage. SHAME ON YOU!

Alice
 

aplusmnt

Well-known member
Sandhusker said:
Did you guys hear O'Reiley rip into Barney? He stuck it to him. I'll bet Barney used up a gallon of spit trying to answer!

Yea, Barney sounded like a total idiot! I can not believe this guy ever got elected. I wouldn't even drive through Massachusetts.

I can not believe how Pelosi slobbered all over Barney, I guess you can take the Gay lover out of San Francisco but you can not San Francisco out of the Gay rights champion!
 

Juan

Well-known member
.Frankie said:
alice said:
Sandhusker said:
Did you guys hear O'Reiley rip into Barney? He stuck it to him. I'll bet Barney used up a gallon of spit trying to answer!

Yup, O'Reilley sounded so much like Jerry Springer... :lol: :lol: :lol:

But then, why shouldn't he...his original claim to fame is as a gossip talking head...:lol: :lol: :lol:

Alice

Talk about the pot calling the kettleblack. Get a life alice. Please advise which is worse a gossip head or a hoe that picks up the lies of the left and runs with them all the while knowing it ain't so?

:D :D :) :) :clap:

Good one Frankie.
 

Mrs.Greg

Well-known member
Juan said:
.Frankie said:
alice said:
Yup, O'Reilley sounded so much like Jerry Springer... :lol: :lol: :lol:

But then, why shouldn't he...his original claim to fame is as a gossip talking head...:lol: :lol: :lol:

Alice

Talk about the pot calling the kettleblack. Get a life alice. Please advise which is worse a gossip head or a hoe that picks up the lies of the left and runs with them all the while knowing it ain't so?

:D :D :) :) :clap:

Good one Frankie.
:? Ya your right its a good one calling a rancher member a hoe..... :? Just cause she doesn't follow you guys political beliefs....
 

Mike

Well-known member
alice said:
Barney's Suck Buddy

Oh, and Mike, it doesn't surprise me at all that you'd come up with something this vile! You seem to live for crap like this. It's like you hope something comes along that you can spew your perverted garbage. SHAME ON YOU!

Alice

I thought I was being courteous. :???:

I could have substituted the "S" in Suck with an "F" and it would have still referred to Barney's demented lifestyle. :shock:
 

Sandhusker

Well-known member
:lol: :lol: :lol: :lol: :lol: :lol: :lol:

Mike, don't you know that it's about "tolerance"? Not only are you supposed to tolerate sexual deviants, the anty has been upped to where we are supposed to tolerate racists and liars, too. (well, racists as long as the racism is directed against whites, because that isn't actually racism, it's "getting even".
 
A

Anonymous

Guest
Mrs.Greg said:
Dammn it,I spit out my coffee,Sandhusker and Mikey whining about racists...... :roll:

It is quite a hoot coming from them :wink: :lol:
 

don

Well-known member
should add that racism is tolerated in many countries. sandhusker is just so dam selective in his tolerance.
 

aplusmnt

Well-known member
don said:
should add that racism is tolerated in many countries. sandhusker is just so dam selective in his tolerance.

Racism is not in many countries it is in All Countries including Canada!
 

Mrs.Greg

Well-known member
aplusmnt said:
don said:
should add that racism is tolerated in many countries. sandhusker is just so dam selective in his tolerance.

Racism is not in many countries it is in All Countries including Canada!
Yes your right all countries including Canada suffer the racism disease. When a person hates what the outside of a person looks like before one sees the inside thats racism,and I don't tolerate that.
 

Sandhusker

Well-known member
don said:
sandhusker has forgotten that in the usa racists have been tolerated for centuries.

We've gotten more progressive in the US now, we're not just tolerating them, we're nominating them for president.
 
Top