Barney Frank's boyfriend was Fannie M...

Barney Frank's boyfriend was Fannie Mae executive

Posted in the Jacksonville Forum

Westside conservative

Saint Augustine, FL

#1 Oct 3, 2008
WASHINGTON — Unqualified home buyers were not the only ones who benefitted from Massachusetts Rep. Barney Frank’s efforts to deregulate Fannie Mae throughout the 1990s.

So did Frank’s partner, a Fannie Mae executive at the forefront of the agency’s push to relax lending restrictions.

Now that Fannie Mae is at the epicenter of a financial meltdown that threatens the U.S. economy, some are raising new questions about Frank's relationship with Herb Moses, who was Fannie’s assistant director for product initiatives. Moses worked at the government-sponsored enterprise from 1991 to 1998, while Frank was on the House Banking Committee, which had jurisdiction over Fannie.

Both Frank and Moses assured the Wall Street Journal in 1992 that they took pains to avoid any conflicts of interest. Critics, however, remain skeptical.

"It’s absolutely a conflict," said Dan Gainor, vice president of the Business & Media Institute. "He was voting on Fannie Mae at a time when he was involved with a Fannie Mae executive. How is that not germane?

"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."

A top GOP House aide agreed.

"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."

Frank’s office did not immediately respond to requests for comment.

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.

http://www.foxnews.com/story/0,2933,432501,00...

“Translation: Come and Take it”

Since: Feb 08

Los Angeles, CA

#2 Oct 4, 2008
Not one word about the gay escort service he was running.
Or the gay escort that compromised him.
This was old KGB and Mossad tactics to compromise people in embaressing
sexual situations and then use them accordingly.
Was Barney taking down democracy with his power and influence?
He seemed to stand by and be the watchdog that let the foxes have a blood bath on his watch.
Why isn't this guy in shackles yet?
Westside conservative

Saint Augustine, FL

#3 Oct 4, 2008
Riverside Rob wrote:
Not one word about the gay escort service he was running.
Or the gay escort that compromised him.
This was old KGB and Mossad tactics to compromise people in embaressing
sexual situations and then use them accordingly.
Was Barney taking down democracy with his power and influence?
He seemed to stand by and be the watchdog that let the foxes have a blood bath on his watch.
Why isn't this guy in shackles yet?
Thats another thing that enrages me. This guy has been caught in the middle of more scandals than Bill Clinton. He is a disgrace, liar, and coward. He is everything that is wrong with out current political system. The media won't touch him because he is the greatest of all minorities, an openly gay liberal congressman. He will never be brought to task by the major media.

For this one alone he should have been removed from Congress.
http://www.washingtonpost.com/wp-srv/local/lo...
PJ Parker

Jacksonville, FL

#4 Oct 4, 2008
OMG, HE'S GAY?!!

“Translation: Come and Take it”

Since: Feb 08

Los Angeles, CA

#5 Oct 4, 2008
Westside conservative wrote:
<quoted text>
Thats another thing that enrages me. This guy has been caught in the middle of more scandals than Bill Clinton. He is a disgrace, liar, and coward. He is everything that is wrong with out current political system. The media won't touch him because he is the greatest of all minorities, an openly gay liberal congressman. He will never be brought to task by the major media.
For this one alone he should have been removed from Congress.
http://www.washingtonpost.com/wp-srv/local/lo...
The media made the craig incident out to be watergate yet Frank had a
male prostitution ring in D.C.?
No there's no media bias!
No there's no liberal agenda!

What's disgusting is that what gay man would have sex with that disgusting PIG?
Oh that's right......male prostitutes!

“Translation: Come and Take it”

Since: Feb 08

Los Angeles, CA

#6 Oct 4, 2008
PJ Parker wrote:
OMG, HE'S GAY?!!
I think Frank and Charlie Crist would make a cute couple.
Or Mayor Peyton.
PJ Parker

Jacksonville, FL

#7 Oct 4, 2008
Riverside Rob wrote:
<quoted text>
I think Frank and Charlie Crist would make a cute couple.
Or Mayor Peyton.
They're gay too?

“Translation: Come and Take it”

Since: Feb 08

Los Angeles, CA

#8 Oct 4, 2008
PJ Parker wrote:
<quoted text>
They're gay too?
You really would have enjoyed some of our past topics before we all got all politcal and partisen around here.
OH yeah I had some past threads that I'm sure were printed out and passed around in both duval and Tallahassee.
I miss those days. The guy that died of cancer Travlincat was awesome too.
The king of the one-liners.
I hope we can get back to those fun days.
When we all agreed on hating our local Govt.!!!
PJ Parker

Jacksonville, FL

#9 Oct 4, 2008
Riverside Rob wrote:
<quoted text>
You really would have enjoyed some of our past topics before we all got all politcal and partisen around here.
OH yeah I had some past threads that I'm sure were printed out and passed around in both duval and Tallahassee.
I miss those days. The guy that died of cancer Travlincat was awesome too.
The king of the one-liners.
I hope we can get back to those fun days.
When we all agreed on hating our local Govt.!!!
You hate gays?

“Translation: Come and Take it”

Since: Feb 08

Los Angeles, CA

#10 Oct 4, 2008
PJ Parker wrote:
<quoted text> You hate gays?
Not at all PJ.
Where do I live?
I have many wonderful friends and neighbors that are gay and lesbian!
I do hate CLOSETED gays.
They are living a lie to themselves and their families that love them.
I am a conservative with some really liberal views on Gay adoption,
gay couples and gay rights.
If you had been here more than the last 4 weeks of McCain /palin bashing you would have seen my thread inviting everyone down to the
Jax gay pride parade and party here in 5 points.
You wouldn't believe the love and kindness I received from my "straight not narrow" t-shirt. So stick around a while and you might see what others have long ago that i am a very diverse well read individual that is not the typical "NEO-con" that you may think I am.
I certainly am too intelligent to be backed into a "You hate gays" statement. I hope you learned a lil more about me.
PJ Parker

Jacksonville, FL

#11 Oct 4, 2008
Riverside Rob wrote:
<quoted text>
Not at all PJ.
Where do I live?
I have many wonderful friends and neighbors that are gay and lesbian!
I do hate CLOSETED gays.
They are living a lie to themselves and their families that love them.
I am a conservative with some really liberal views on Gay adoption,
gay couples and gay rights.
If you had been here more than the last 4 weeks of McCain /palin bashing you would have seen my thread inviting everyone down to the
Jax gay pride parade and party here in 5 points.
You wouldn't believe the love and kindness I received from my "straight not narrow" t-shirt. So stick around a while and you might see what others have long ago that i am a very diverse well read individual that is not the typical "NEO-con" that you may think I am.
I certainly am too intelligent to be backed into a "You hate gays" statement. I hope you learned a lil more about me.
You sponsored a gay pride parade?
Citizen Smith

Macomb, MI

#12 Oct 4, 2008
Let your congressperson/ senator know you won’t take this any longer.
You still have rights, citizens.

presscore.blogspot.com
PJ Parker

Jacksonville, FL

#13 Oct 4, 2008
Riverside Rob wrote:
<quoted text>
If you had been here more than the last 4 weeks of McCain /palin bashing you would have seen my thread inviting everyone down .
You gotta admit, it's been more fun in here since I showed up.

“Translation: Come and Take it”

Since: Feb 08

Los Angeles, CA

#14 Oct 4, 2008
PJ Parker wrote:
<quoted text>
You sponsored a gay pride parade?
Not sponsored, just had a thread on here telling everyone about it.
The SNL skit with Tina Fey as Palin is freakin hysterical.
Ex-Vol in FL

Jacksonville, FL

#15 Oct 4, 2008
Sorry to interrupt you two, but getting back to the topic at hand, I agree that this smells to high heavens to me. It would appear that Barney Frank did have a conflict of interest here.

I wonder if there was any wrongdoing on the other side of the aisle? How about Phil Gramm who, in my humble opinion, has been as instrumental as anyone in bringing about this crisis, as well as others. Now he has the audacity to call us a nation of whiners.

http://www.motherjones.com/news/feature/2008/...

Apparently, his defense is, "Oops! Did I do THAT?"

“Translation: Come and Take it”

Since: Feb 08

Los Angeles, CA

#16 Oct 4, 2008
Ex-Vol in FL wrote:
Sorry to interrupt you two, but getting back to the topic at hand, I agree that this smells to high heavens to me. It would appear that Barney Frank did have a conflict of interest here.
I wonder if there was any wrongdoing on the other side of the aisle? How about Phil Gramm who, in my humble opinion, has been as instrumental as anyone in bringing about this crisis, as well as others. Now he has the audacity to call us a nation of whiners.
http://www.motherjones.com/news/feature/2008/...
Apparently, his defense is, "Oops! Did I do THAT?"
HOLY CRAP BATMAN!
His freakin wife was the chairwoman? Damn......
I just am glad that collectively that the nation is slowly waking up to the fact that BOTH parties should be on a perp walk.
If McCain and Biden were around this long then they've got their fingerprints all over the crime scene!
So EX-vol question. You're a smart woman. If Frank and Dodd were Republicans would we be knee deep into a very public investigation to rake them through the mud and have a perp walk so the Dems could point fingers and say "here's the culprits, we got 'em"?
I think this elitist Plutocracy is coming to a crashing close.
This will be the last Trillion $$$ election and all the media and party dirty trickery. Both parties are so mindnumbingly bad it's beyond belief!
Ex-Vol in FL

Jacksonville, FL

#17 Oct 5, 2008
Riverside Rob wrote:
<quoted text>
HOLY CRAP BATMAN!
His freakin wife was the chairwoman? Damn......
I just am glad that collectively that the nation is slowly waking up to the fact that BOTH parties should be on a perp walk.
If McCain and Biden were around this long then they've got their fingerprints all over the crime scene!
So EX-vol question. You're a smart woman. If Frank and Dodd were Republicans would we be knee deep into a very public investigation to rake them through the mud and have a perp walk so the Dems could point fingers and say "here's the culprits, we got 'em"?
I think this elitist Plutocracy is coming to a crashing close.
This will be the last Trillion $$$ election and all the media and party dirty trickery. Both parties are so mindnumbingly bad it's beyond belief!
Well, first of all, I think you are giving the American public way too much credit for waking up to anything. We still tend to believe the best of our friends and the worst of our enemies.(And by "we", I mean everyone except you and me, of course. LOL)

No, I don't think a change in political party would make Frank or Dodd any more likely to be raked through the mud, not by the congressional Democrats, at least. I think there are too many fingers in too many pies for that, and a really deep investigation would result in too many discoveries.(I hope that made sense; I know what I mean, but I am having a hard time expressing it - oh wait! They are all dirty.)

What happens to a person when he or she is elected to congress? Surely there are some truly honest people who run for the right reasons, but it seems that they get there and find that the system is rigged and they have to play along to get something they want. Usually it's small potatoes, but sometimes it is huge, and this is huge. Personally, if I were a member of congress and I had the opportunity to make a huge amount of money for myself or my friends, but I saw that it would hurt my country, I truly believe that I would "Just Say No" and try to warn my constituents as to what was going on. I do believe there are those who have tried that, but they get no attention from the media, are ostracized by their fellow politicians, and are considered nutcakes by Americans in general.

Okay, now I have made myself depressed on this beautiful Sunday afternoon.

stevie g

Lawrenceville, GA

#18 Nov 11, 2008
Well isn't all this interesting... let's see... our obligations to the govt grows, our benefits decline, our salaries don't keep pace with inflation, AND we can only watch as corrupt politicians and their boytoys (Herbie & Barney) lay waste to the financial industry. I wonder how much ol' Barn and Herbs got from their Fannie adventures... bet his new lover is liking the benefits of it all....
last days

Ellenboro, NC

#19 Nov 13, 2008
I believe there is a special place in hell for people that go to washington and pleage an oath to serve and protect our country and then use their office and power to rape the american people.

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