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Media Mum on Barney Frank’s Fannie Mae Love Connection — Geez, this stuff just writes itself.
Are journalists playing favorites with some of the key political figures involved with regulatory oversight of U.S. financial markets?
MSNBC’s Chris Matthews launched several vitriolic attacks on the Republican Party on his Sept. 17, 2008, show, suggesting blame for Wall Street problems should be focused in a partisan way. However, he and other media have failed to thoroughly examine the Democratic side of the blame game.
Prominent Democrats ran Fannie Mae, the same government-sponsored enterprise (GSE) that donated campaign cash to top Democrats. And one of Fannie Mae’s main defenders in the House – Rep. Barney Frank, D-Mass., a recipient of more than $40,000 in campaign donations from Fannie since 1989 – was once romantically involved with a Fannie Mae executive.
The media coverage of Frank’s coziness with Fannie Mae and his pro-Fannie Mae stances has been lacking. Of the eight appearances Frank made on the three broadcasts networks between Jan. 1, 2008, and Sept. 21, 2008, none of his comments dealt with the potential conflicts of interest… The Washington Post reported Frank, who is openly gay, had a relationship with Herb Moses, an executive for the now-government controlled Fannie Mae. The column revealed the two had split up at the time but also said Frank was referring to Moses as his “spouse.” Another Washington Post report said Frank called Moses his “lover” and that the two were “still friends” after the breakup.
John…you missed the best part of this story! Heard today on Laura Ingraham’s radio show that Moses left Fannie to start…
a pottery business.
It just doesn’t get any better than that.
Keep trying Fusion. Bill Clinton says the Dems blocked reform. Very convenient as he also says he pushed for it. Not above him to throw the party under the bus for his own legacy.
How can they block reform? If one party is unified against something, it doesn’t happen in Washington, especially when you have a filibuster in the Senate.
The whole issue of redlining was exactly that. The Justice Department and other agencies were pushing minority and majority as equally credit-worthy, which is not true. They would claim a bank was violating civil rights if they didn’t have equal percentages. Of course you knew this already, but just want to shill for your party.
I haven’t lived in Mass for over 20 years; but, everyone knew back then that Barney was gay. I guess that’s a shock to JCD’s non-christian morality.
But, we’re supposed to be equally upset because the dude he broke up with over 10 years ago worked for Fannie Mae. Should we worry about who he diddled in college, too?
WTF – before I met my better half, there were time I couldn’t remember who I was fucking 10 years before. Was that supposed to be important enough to blog about?
I found this enlightening:
http://tinyurl.com/49hd7n
#44 Mark.
An excellent video. This video excellently lays out exactly what happened and who was responsible.
Does anyone but me realize that passing out these bad loans through Fannie Mae and Freddie Mac was the equivelent of money laundering? Passing a bad loan through Freddie Mac with the government promise of financial backing to make the loan “good” is similar to passing dirty money through a bank to make it “clean”?
You should really try using sources other than right wing hit piece sites for sources, John.
#35 Fusion
Here’s a tip – Learn how to research and read about history.
Here’s your proof, but of course you’ll never view it
http://www.youtube.com/watch?v=_MGT_cSi7Rs
What we need is a big overhaul of the way our Government is run! Our term limits need to be changed to no more than eight years. We need to remove special interest and lobbyist out of Washington. Our elected Congress and Senate need go to work for all Americans and their best interest. The politicians in Washington are looking out for them selves and not for us.
The Fannie Mae and the Freddie Mac mess need to be investigated and the guilty need to be brought to Justice. The people that allowed the U.S. citizens to buy homes that were beyond their means should be dealt with, hopefully with a penalty. The fact is some good people have lost their homes the rest of us are penalized now and for years to come! The people that received millions of dollars in an undeserved bonus -“Golden Parachutes” owe the money back to Fannie Mae and Freddie Mac. Do these people have no pride in how they conduct them selves. Is this
no better than stealing? Why should anyone receive political donations from this government ran a huge nightmare that no one wants to take the blame for?