Barney Frank Boyfriend Was Executive @ Fannie Mae

Trash Dispatch:

Barney Frank Boyfriend Was Executive @ Fannie Mae

FoxNews 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.

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TrashDispatch: The problem is, the Republicans knew about Barney Frank's manipulation of Fannie mae, and did nothing. Oh, well, they did come up with an $800,000,000,000.00 Bail Out / SELL OUT package.

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