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May 26, 2011

Barney Frank Admits He Helped Pervert Sex Partner Into Fannie Mae Post

Posted by Dave Blount at May 26, 2011 2:02 PM

I wonder if this is what Nancy Pelosi had in mind when she used to shriek about a culture of corruption:

U.S. Rep. Barney Frank admitted he helped his [homosexual] ex-lover land a lucrative post with Fannie Mae in the early 1990s while the Newton Democrat was on a committee that regulated the lending giant — but he called questions of a potential ethical conflict "nonsense." …
Frank said he helped his former longtime companion, Herb Moses, land a job at Fannie Mae in 1991 after Moses graduated with a master's degree in business administration from Dartmouth College.

Moses lived with Frank in the District of Criminals at the time.

Readers will recall that the collapse of the bloated government-sponsored enterprise Fannie Mae was key to setting off the financial collapse of 2008, from which we still haven't recovered, and if Democrats have their way, never will.

Even New York Slimes reporters can smell the decomposing rat:

Frank's assistance in helping Moses land the job was first reported in a new book about the fiscal meltdown by Pulitzer Prize-winning New York Times [NYT] reporter Gretchen Morgensen.
In an interview Tuesday on WBUR's "Fresh Air," Morgensen said Frank "was very aggressive and really tough on those who were testifying in Congress about reining in Fannie Mae and Freddie Mac" during hearings after Moses was hired. She said Fannie Mae "rolled out the red carpet" for Moses as part of a strategy to curry favor with Frank and other members of the Financial Services Committee.
Morgensen also noted that members of the committee raked in tens of thousands in campaign donations from Fannie and Freddie execs, including Frank, who received $42,000 in contributions from 1989 through 2008.
Frank denied he turned a blind eye to Fannie until after the 2008 mortgage meltdown. He says he criticized the Bush administration's policies on government-backed lenders in 2004 and backed legislation to deal with lending concerns in 2006 but was thwarted by the GOP-controlled Congress.

As usual, reality is the diametric opposite of what Demorrhoids tell us. Bush and McCain both tried to rein in Fannie and Freddie to prevent the meltdown; Bonnie Fwank was instrumental in stopping them:

On tips from G. Fox, SR, Byron, and Bob Roberts.