Barney Frank
From Conservapedia
Congressman Barney Frank is a multi-term liberal Democrat Representative from Massachusetts, representing districts in Boston. He is one of the few openly homosexual members of Congress and he only revealed his homosexual proclivities several years after he had been elected to the position. Frank is the Chairman of the Financial Services Committee. [1]
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Chairman of Financial Services
Fannie Mae
In the midst of the financial crisis of 2008, it was revealed that Frank's homosexual partner [2], an executive at Fannie Mae, had been one of the foreleaders to deregulate the lending restrictions on the agency and that Frank may have acted through a conflict of interest in the 1990s.[3]
Finger of blame
Liberal bigshot and Hollywood actor Alec Baldwin appearing on HBO's "Real Time," not only pointed fingers at Barney Frank for the current crisis, but also blamed former President Clinton and fellow Democrats. [4]
Statements prior to financial meltdown
As posted on Pajamasmedia, [5] “The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago,” The New York Times, September 11, 2003.
But someone intervened to stymie the Bush administration. Who? The New York Times reports:
Supporters of the companies said efforts to regulate the lenders tightly under those agencies might diminish their ability to finance loans for lower-income families. . . . “These two entities — Fannie Mae and Freddie Mac — are not facing any kind of financial crisis,” said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. “The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.”
As shown on CSPAN in 2004, Frank said at Office of the Federal Housing Enterprise Oversite (OFHEO) hearing regarding the report of illegal activity by Fannie Mae does not "raise safety and soundness of Fannie Mae investments problems at issue". [6]
See also
References
- ↑ Barney Frank's homepage
- ↑ Media Mum on Barney Frank's Fannie Mae Love Connection Business & Media Institute, September 24,2008
- ↑ FoxNews
- ↑ Baldwin Blames Financial Crisis on Clinton, Dems and Barney Frank NewsBusters, October 4, 2008
- ↑ Who caused “the biggest financial crisis since the Great Depression?” Roger Rule's, September 29th, 2008
- ↑ Shocking Video Unearthed Democrats in their own words Covering up the Fannie Mae Naked Emperors News via You Tube
