Thursday, August 27, 2009

Barney The A**Hole

August 25, 1989 World News Tonight, Sam Donaldson reported:

"Massachusetts Representative Barney Frank, an acknowledged homosexual, today confirmed that his Washington apartment had been used as a callboy headquarters by a male pro&&itute for a year and a half until late 1987. Responding to a story in today's Washington Times, Frank said he had hired the pro$$itute out of his own funds as a personal aide and fired him when he found out what was going on."Imagine if that was a republican representative.

For 16 years reformers in Congress tried to increase oversight of Fannie Mae and Freddie Mac and prevent the government-chartered companies from putting the housing market and the economy at risk. All that time, Frank was involved in efforts to block those attempts, and in the last eight years before the failure he was a leader of those efforts.

In 2002, shortly before accounting irregularities were exposed at both companies, Frank said, “I do not regard Fannie Mae and Freddie Mac as problems,” The Wall Street Journal reported. After the Freddie Mac accounting scandal in 2003, Frank said, “I do not think we are facing any kind of a crisis.”

Up until months before the collapse Frank was stating that there were no problems at Fannie or Freddie.Barney received more than $40,000 in contributions from Fannie Mae, and was living with Herb Moses a Fannie Senior Executive while he sat on the congressional committee overseeing them.

I guess we could say Barney was getting as much "Fannie" as he could handle.

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