Saturday, October 04, 2008

Barney's ex-lover was director of Fannie Mae

Barney Frank seems to have a wide stance problem with his ex's. One was running a male prostitute ring, one had access to inside information and influence that he shouldn't have. I don't know who the current squeeze is, but some sharp reporter ought to be checking him out for the next big story. Not that it would matter to Democrats. I don't expect this to change anyone's ideas of responsibility for the bailout. Whether it's about Bill Ayers and Barack Obama or Barney Frank and Herb Moses, it's always old, unimportant news to liberals.
    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." Link

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