Barney Frank and Gay Lover – The Reason Why We Can’t Have Nice Things

This is, so far, the best ad of the election season. Obviously, we do not need to extrapolate this situation to how, together, they’re managing to screw America. It should be fairly obvious, by now.

In case you missed it, here is a good run down of the story.

Frank met Moses in 1987, the same year he became the first openly gay member of Congress.

“I am the only member of the congressional gay spouse caucus,” Moses wrote in the Washington Post in 1991. “On Capitol Hill, Barney always introduces me as his lover.”

The two lived together in a Washington home until they broke up in 1998, a few months after Moses ended his seven-year tenure at Fannie Mae, where he was the assistant director of product initiatives. According to National Mortgage News, Moses “helped develop many of Fannie Mae’s affordable housing and home improvement lending programs.”

Critics say such programs led to the mortgage meltdown that prompted last month’s government takeover of Fannie Mae and its financial cousin, Freddie Mac. The giant firms are blamed for spreading bad mortgages throughout the private financial sector.

Although Frank now blames Republicans for the failure of Fannie and Freddie, he spent years blocking GOP lawmakers from imposing tougher regulations on the mortgage giants. In 1991, the year Moses was hired by Fannie, the Boston Globe reported that Frank pushed the agency to loosen regulations on mortgages for two- and three-family homes, even though they were defaulting at twice and five times the rate of single homes, respectively.

Three years later, President Clinton’s Department of Housing and Urban Development tried to impose a new regulation on Fannie, but was thwarted by Frank. Clinton now blames such Democrats for planting the seeds of today’s economic crisis.

“I think the responsibility that the Democrats have may rest more in resisting any efforts by Republicans in the Congress or by me when I was president, to put some standards and tighten up a little on Fannie Mae and Freddie Mac,” Clinton said recently.

This makes me nauseous on so many levels. How is it liberals are permitted such egregious and damning conflicts of interest but conservatives would have already vacated their office?

Barney Frank, O’Reilly was correct, you are a coward to blame others and lack the masculinity to admit your fault.

Someone put this dope in a jail — wait, make it a women’s penitentiary — he shouldn’t be sent to a man’s prison, that’s not nearly punishment enough.

H/T to Hot Air: here and here.

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10 Responses

  1. You’re a hoot. To say that conservatives would have already vacated their office is either blind, stupid or both. I fully agree with you that Barney Frank should go to prison, but he should be in a cell with George Bush, Dick Cheney, Bill Clinton, Nancy Pelosi and about 80 other Republicans, Democrats and corporate executives.

    Though the conservative movement has tried to blame liberal Washington and low income borrowers for this meltdown and liberals have tried to blame conservative Washington and greedy executives, the fact is that they ALL had their hands in each other’s pockets. They turned a blind eye to rampant abuse within and outside of government.

    Have you heard ONE politician or corporate executive apologize for letting this happen? Open you eyes and stop being such a partisan freak of nature. The blame lays mainly with us, the American citizens for letting these people game the system in the first place…and they are ALL gaming the system.

  2. I want Democrats investigated -facts published and the responsible people prosecuted if evidence is enough to prosecute. Those executives at the involved organizations that are Guilty of fraud must be prosecuted and if found guilty -they must do prison time. There is much talk about patriotism-those who caused this economic melt down are not JUST Greedy , they are unpatriotic. The Greedy people, that talked those into taking a loan they could not pay as well as those Democrats that encouraged it are not patriots. ..B. Frank-C. Dodd Etc….

  3. Unfortunately, if you go out on the street and ask if people know what role Frank had in blocking Fannie Mae oversight-one many people have never heard of Barney Frank, and two, “oversight what?” They won’t even know what you’re talking about. Frustrating…

  4. Barney Frank, Chis Dodd and Obama is right dap in the middle of this corruption on Wall Street. I can not understand how any American could vote Obama into the White house or Frank and Dodd into congress! They need to go! Thanks for a good post! Keep up the good work!

  5. At the risk of appearing stupid, I must pose the following question:

    Is it mere coincidence that Barney “Fwank” is physically goofy, talks funny and is gay…..and Barney the dinosaur (of children’s tv) is Purple (symbolic with the gay culture) goofy looking physically and also talks funny???

    I think not…
    You love me, I love you and the overpriced bail out too…..

  6. I could not agree more with most of the comments.
    The Dems who are involved with this and any of the heads of Fannie, Freddie, AIG, Lehmann, etc., who have been paid these out-of-sight severence fees, should be fully investigated without being blocked (which I fear the Dems may do). The Republicans, as it has been said, took their eye “off the ball”, but Dems with their game-playing, were totally driven by greed, control, and self-serving…not serving the “PEOPLE”.
    Now, with Obamas background in being a Community Organizer, (that’s experience for the Pres. seat) who is totally connected with ACORN, and as we are finding out, had everything to do with Arm Twisting the lending institutions to loan to High Credit Risk home buyers.
    Now why in God’s green earth do we want someone with that kind of judgement run our country? It is wrong, it is scary, and as Thomas Jefferson, a Democrat & our 3rd Pres. said, “A government big enough to give you everything you want, is strong enough to take everything you have”. That says it all.
    Do you think that this is where Obama is heading??
    He will give our country away….I don’t give a continental damn how intelligent he is.

  7. I do not know about you guys, but when I applied for MY Mortgage I HAD to PROVE I made 4 times the amount of my mortgage per pay check per month.The TRUTH is everybody else did too. The TRUTH is the politicians have get our wages low in this country by allowing illegal workers ( they call this “cheap Labor”) people’s equity went up on their homes, people wanted to either fix up and sell their homes, or sell their homes while the price was right. As soon as everyone had taken out loans for either fixing up their homes or for resell, they pulled the rug out from the market. People who bought their homes 15 years ago who are NOT even selling, find their homes value are now not even worth what they paid for their homes years ago. At that SAME time gas, groceries, utilities, ect., flew off the charts. The REAL problem is while politicians are “voting” themselves pay raises, the let them eat cake, little guy could no longer afford gas, groceries, car payments, car insurance (let’s NOT forget what they did to our homeowners insurance) rates) utilities, house payments. In order to make ALL those payments one MUST put gas in their cars, in order to get to work in order to get a pay check, in order to pay bills. The two main bills a person is going to pay FIRST is gas to get to work, and groceries in order to survive. When the hard workers of America do not bring in enough money to pay their bills something is going to crack. In this case it was mortgages. If you people are wondering WHY the people of this country cannot wake up, WHY the platter of corruption of Obama is served right in front of people’s eyes, yet they cannot see the forrest before the tree’s. WHY there is a PROVEN person on the scene ( Sarah Palin) who WILL clean up these corrupt politicians, Washinton and CEO’s, yet the people want to vote for MORE corruption ( Obama) it is because GOD has given the lawless evil people up to a “BASE MIND.” It is Prophesy. It is happening now. Now scoff if you are a scoffer !

  8. Every day i get more pissed about this situation. All the people that got us in to this mess are either still in office or running the companies that are in trouble. If it was any other company they would fire that leader, get one that will fix it, then prosecute the thieves..But no we will have the those same people involved who will profit again and we get to to pay the bill… which is looking like it’s going to be double what they say!!
    What can we do to fight back? No one in DC is listening to us??

  9. The beginning of this mess began when Carter created the Community Reinvestment Act in 1977 which pushed the lending organizations to provide low interest loans to minorities for new homes. In 1993 Clinton re-wrote the rules and made it illegal for any lending institution not to lend money to minorities even though they knew the loans would never be repaid. But keep “loaning” they did and eventually the numbers of defaulted loans grew out of control and the mess was created when Fannie Mae and Freddie Mac found all the money gone due to no income from the minoritities, making contributions to liberal Democrat politicians like Chris Dodd, Barney Frank and Barack Hussein Obama. FNMA records show that those top three recipients of political donations from Fannie and Freddie. Obama, the third highest benefitter got over one hundred trousand dollars.

    On several occasions Bush Administration officials attempted to get Congressional action to tighten the Carter and Clinton relaxed rules but were met with Democrat opposition and the looting went on.

    Sarah Palin has a record of cleaning out corrupt and lying politicians from BOTH parties in her home state of Alaska and she will do it again when she becomes Vice President. She is not afraid to take on anybody when it comes to cheating and misusing taxpayers’ money.

    Obama is part of the problem and will never be part of a solution. He is a millionaire who has never accounted for where his income originated. Believe me, community activists do not earn much money; what they do earn is the favoritism of crooked politicians like those in Cook County Illionis where he got his education in bad government and now he wants to bring it to the national stage.

    Don’t let him get his hands on all these huge tax increases he is going to get for his many expensive programs or we’ll REALLY be looking at monstrous bailout plans.

  10. Thank God I’m not the only one upset that Barack Obama, Barney Frank and Chris Dodd are not in jail. I’m a retired Wachovia employee and a lot of my friends have lost everything but we’re going to pay to help other people buy a house…sick-sick-sick

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