News that doesn't receive the necessary attention.

Saturday, February 28, 2009

New York City Tea Party photos, 2/28/09

The theme of the tea party:
Image and video hosting by TinyPic

The theme of the last election:
Image and video hosting by TinyPic

Image and video hosting by TinyPic

Economics 101 final exam:
Image and video hosting by TinyPic

Image and video hosting by TinyPic

Image and video hosting by TinyPic

Political science 101: if it walks like a Marxist and talks like a Marxist, guess what...?
Image and video hosting by TinyPic

Image and video hosting by TinyPic

Probably 200-250 protesters, and no one sang "Kumbaya"
Image and video hosting by TinyPic

most photos from Berman Post.

Thursday, February 26, 2009

Barney Frank's boyfriend brought down the US, media ignored, afraid to criticize gays

Barney Frank's partner was a Fannie Mae executive:

10/3/08: WASHINGTON — Sammon, "Unqualified home buyers were not the only ones who benefited 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.

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.

"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."...

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.

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."

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." "Lawmaker Accused of Fannie Mae Conflict of Interest" Picture from Rush or Sodahead:



Blog Archive

About Me

My photo
I'm the daughter of an Eagle Scout (fan of the Brooklyn Dodgers and Mets) and a Beauty Queen.