Monday, October 6, 2008

Rep. Frank's Gay Lover Was A Fannie Mae Exec

Barney Frank, an openly gay Democrat member of congress, is also the chairman of the House Banking Committee. You know, the group that's supposed to oversee government-sponsored enterprises like Fannie Mae.

But for years Frank's gay lover, Herb Moses, was an executive at at Fannie Mae - even while Frank had the power to block real oversight of Fannie Mae. Fannie Mae was recently taken over by us, the taxpayers, because they made TRILLIONS in loans that they could not guarantee. At least $400 billion of that was to people with terrible credit profiles. And now we're on the hook because Rep. Frank vigorously defended Fannie Mae's unethical and dangerous practices.

Fox News' whole story is here: Lawmaker Accused of Fannie Mae Conflict of Interest

Let's see - how many weeks of news coverage did the Larry Craig gay bathroom incident get?? Top coverage for a long time. And how much time has this Barney Frank story gotten in the major media? Uh, somewhere less than zilch. Nada.

So Larry Craig is a household name because of one incident, while Barney Frank's gay lover worked for a massive government enterprise over which Frank has significant control. And don't even mention the fact that Frank had a male prostitution ring running out of his D.C. apartment, courtesy of some other gay lover of his. Remember the weeks of coverage that story got? Nope.

This is getting Orwellian. Democrats can seemingly do whatever they want - lie, cheat, dissemble, cover up, etc. And they always get a get-out-of-jail-free card from Big Media.

Quotes from the incredible (in the sense of unbelievable) story:

"If this had been his ex-wife and he was Republican, I would bet every penny I have - or at least what’s not in the stock market - that this would be considered germane," added Gainor, a T. Boone Pickens Fellow. "But everybody wants to avoid it because he’s gay. It’s the quintessential double standard."

"C’mon, he writes housing and banking laws and his boyfriend is a top exec at a firm that stands to gain from those laws?" the aide told FOX News. "No media ever takes note? Imagine what would happen if Frank’s political affiliation was R instead of D? Imagine what the media would say if [GOP former] Chairman [Mike] Oxley’s wife or [GOP presidential nominee John] McCain’s wife was a top exec at Fannie for a decade while they wrote the nation’s housing and banking laws."

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.

More Orwellian events, here at The Pantheon Journal.

No comments: