Feeding Fannie – A Hypocrite!

I love how Rush and Hannity can run a story for months before the MSM finaly takes note (if ever).  Hannity was all over Rev. Wright long before the MSM finally picked up on it.  Rush has been all over the incestuous relationships between Democrats and their buddies at Fannie Mae and Freddie Mac.  Here is one finally picked up by Fox News.

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.

Who is investigating this?  Where is the coverage of this blatant conflict-of-interest?  Fannie and Freddie are massively responsible for this economic crap.  But we ignore Barney and his failure to regulate – despite the fact that regulators sounded alarms about Fannie and Freddie long before the blow-up.  So what is to be said of this?

“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.”

In the words of a great woman – “You betcha!”  But this will probably never go beyond the pages of Fox News.  Liberals are insulated from any major scandal or questions by their constituency in the MSM.  It’s disgusting.  It’s not just that Franks is gay.  That may have a lot to do with it.  He’s a Dem.  And that is enough to ensure that he will never be held to account by the media.  It’s sick!

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3 thoughts on “Feeding Fannie – A Hypocrite!

  1. Well, O’Reilly handled him pretty well last night and Frank was pretty embarrassed. Having to publicly acknowledge this the day after would have caused him to have a heart attack!

    It defies “blame Bush” – simply why we won’t hear about it.

  2. What’s really fun, on another message board, someone posted an article that says all the countries finacial problems are being caused by gay people according to some fundamental christianist! Imagine my glee to suggest the article was correct and post a link to the Frank/Moses article (“the nerve! you self-hating closet case!”). There should be tons of fireworks aimed at me for that!

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