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Line 1: − + + + + + + + + + + + + + + + + + + + + + + + + + + − In the midst of the [[financial crisis|financial crisis of 2008]], it was revealed that Frank's homosexual partner, 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.<ref>[http://www.foxnews.com/story/0,2933,432501,00.html FoxNews]</ref>
reworked page, America needs a treason council for this guy
Congressman '''Barney Frank''' is a multi-term liberal [[Democrat]] [[Representative]] from [[Massachussetts]], 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. <ref>[http://www.house.gov/frank/ Barney Frank's homepage]</ref>
[[Image:Barney Frank.jpg|right|thumb| Barney Frank D-Ma.]]
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. <ref>[http://www.house.gov/frank/ Barney Frank's homepage]</ref>
==Chairman of Financial Services==
===Fannie Mae===
In the midst of the [[Financial_Crisis_of_2008|financial crisis of 2008]], it was revealed that Frank's homosexual partner <ref>[http://www.businessandmedia.org/articles/2008/20080924145932.aspx Media Mum on Barney Frank's Fannie Mae Love Connection] Business & Media Institute, September 24,2008</ref>, 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.<ref>[http://www.foxnews.com/story/0,2933,432501,00.html FoxNews]</ref>
===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]]. <ref>[http://newsbusters.org/blogs/noel-sheppard/2008/10/04/baldwin-blames-financial-crisis-clinton-dems-barney-frank Baldwin Blames Financial Crisis on Clinton, Dems and Barney Frank] NewsBusters, October 4, 2008</ref>
===Statements prior to financial meltdown===
As posted on Pajamasmedia, <ref>[http://pajamasmedia.com/rogerkimball/2008/09/29/who-caused-the-biggest-financial-crisis-since-the-great-depression/ Who caused “the biggest financial crisis since the Great Depression?”] Roger Rule's, September 29th, 2008</ref>
“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".''' <ref>[http://www.youtube.com/watch?v=_MGT_cSi7Rs Shocking Video Unearthed Democrats in their own words Covering up the Fannie Mae] Naked Emperors News via You Tube</ref>
==See also==
*[[Recession of 2008]]
*[[Henry M. Paulson]]
==References==
==References==