I always find it quite humorous when the same government which somehow gets us into a mess is the same government that think it will get us out of the mess. You or I would have been fired or be heavily scrutinized for life, so why are these uber-citizens held above such standards? I've been almost to the boiling point this week as the AP and the rest of the extreme leftist media has not been covering news Americans should be hearing. The annoyingly nasally, whiney Barney Frank has been on television the past couple of weeks more than I would have like, but I'm amazed at how much of a free pass he gets while he spreads his Dick Cheney-esque evilness all over my television set. Cue the real news from a good American, Jeff Poor (Business and Media Institute): Prominent Democrats ran Fannie Mae, the same government-sponsored enterprise (GSE) that donated campaign cash to top Democrats. And one of Fannie Mae?s main defenders in the House ? Rep. Barney Frank, D-Mass., a recipient of more than $40,000 in campaign donations from Fannie since 1989 ? was once romantically involved with a Fannie Mae executive The news media have covered the relationship in the past, but there have been no mentions since 2005....despite the collapse of Fannie Mae. The July 3, 1998, Reliable Source column in The Washington Post reported Frank, who is openly gay, had a relationship with Herb Moses, an executive for the now-government controlled Fannie Mae. The column revealed the two had split up at the time but also said Frank was referring to Moses as his ?spouse.? Another Washington Post report said Frank called Moses his ?lover? and that the two were ?still friends? after the breakup. Frank has argued that family life ?should be fair game for campaign discussion,? wrote the Associated Press on Sept. 2. The comment was in reference to GOP vice presidential nominee Sarah Palin and her pregnant daughter. ?They?re the ones that made an issue of her family,? the Massachusetts Democrat said to the AP. Frank was and remains a stalwart defender of Fannie Mae, which is now under FBI investigation along with its sister organization Freddie Mac, American International Group Inc. (NYSE:AIG) and Lehman Brothers (NYSE:LEH) ? all recently participants in government bailouts. But Frank has derailed efforts to regulate the institution, as well as denying it posed any financial risk. Frank?s office has been unresponsive to efforts by the Business & Media Institute to comment on these potential conflicts of interest. While the relationship reportedly ended 10 years ago, Frank was serving on the House Banking Committee the entire 10 years they were together. The committee is the primary House body which along with the Office of Federal Housing Enterprise Oversight (OFHEO) has jurisdiction over the government-sponsored enterprises. He has served on the committee since becoming a congressman in 1981 and became the ranking Democrat on the committee in 2003. He became chairman of the committee, now called the House Financial Services Committee, in 2007. Moses was the assistant director for product initiatives at Fannie Mae and had been at the forefront of relaxing lending restrictions at the company for rural customers, according to the Feb. 23, 1998, issue of National Mortgage News (NMN). Someone tell me why Frank shouldn't be thoroughly investigated today and charges brought up against him tomorrow? We can go after Michael Vick with such passionate vitriol but our leaders gets a free pass? Now, on to Chris Dodd, Chairman of the Senate Committee on Banking, Housing, and Urban Affairs and the main politician getting money from Fannie Mae/Freddie Mac and in extension, Countrywide (assets now owned by Bank of America). He starts off his defense lying (I would credit Michelle Malkin for this, but she failed to credit her actual source): ?As a United States senator, I would never ask or expect to be treated differently than anyone else refinancing their home,? Dodd said Friday afternoon in a statement e-mailed to reporters. ?This suggestion is outrageous and contrary to my entire career in public service. ?When my wife and I refinanced our loans in 2003, we did not seek or expect any favorable treatment. Just like millions of other Americans, we shopped around and received competitive rates.? Dodd and his wife, Jackie Clegg Dodd, took out a $506,000 loan to refinance their Washington townhouse, and a $275,000 loan to refinance their home in East Haddam, Portfolio reported, citing company documents. Countrywide officials agreed to reduce the Washington rate to 4.25 percent and the East Haddam rate to 4.5 percent without cost, the article said, with the potential to save the Dodds as much as $75,000 over the 30-year life of the loans. A spokesman for the senator could not say whom the Dodds conferred with when refinancing the two homes, but said definitively that ?neither Senator Dodd nor Jackie spoke to Angelo about their loan.? Word of the deals raised eyebrows around Washington and among the senator?s critics back home in Connecticut. ?It is a low-tide moment for Chris Dodd,? said Chris Healy, the chairman of the Connecticut Republicans, who called for Dodd to ?completely offer himself to the media for a full explanation of this very troubling insider deal.? ?To even a casual, indifferent observer,? Healy said, ?this doesn?t pass the smirk test or the smell test.? Yeah, that just about sums it up. Chris Dodd needs to go to jail, don't pass go, and don't collect the $200 Countrywide....errr...Bank of America.....errr....Countrywide wants him to take (allegedly). Our country has been compromised, and these guys should not be allowed to be anywhere near any negotiations which can do more severe damage to our country, more than what they already have done. If Bush wants to ally himself with anything these clowns are negotiating, he can go to jail for letting himself become the biggest escape goat in history, just like those clowns want him to. In 2003, he tried to push the issue on oversight of Fannie Mae/Freddie Mac and their "fair" lending practices, but he dropped the ball once Barney Franks and the Clown Party started throwing the race card. The people who keep blaming Wall Street and "rich people" need to point the finger squarely at Washington and yourself for being naive enough to think the government has your best interests when they make the selfish decisions they make. Squarely at Bill Clinton (I'll get to you in another blog entry), Barney Frank, Ben Bernanke, and one George Bush. Add Henry Paulson to the list if George Bush wants to continue to keep expanding his powers, sure to doom America. So, I implore you all to keep yourselves educated and find the real news elsewhere through your own diligent research. Technorati Tags: Barney Frank, Chris Dodd, George Bush, Countrywide, Freddie Mac, Fannnie Mae, Ben Bernanke, Henry Paulson, Jeff Poor, Business and Media Institue, Wall Street  |