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Barney Frank and his boyfriend skimmed some $$$$ from the FannieMae scandal.

Von: janet_reno_jr@yahoo.com [Profil]
Datum: 09.10.2008 03:22
Message-ID: <912529fc-9b43-418d-8a46-a049089bb5a9@l42g2000hsc.googlegroups.com>
Newsgroup: alt.politics.republicans alt.politics.radical-left alt.politics.liberal alt.politics.democrat alt.politics.democrats
http://www.foxnews.com/story/0,2933,432501,00.html

Lawmaker Accused of Fannie Mae Conflict of Interest
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."

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