ArlJim78
03-19-2009, 10:25 PM
This (http://patterico.com/category/general/) is a great piece, if for no other reason the title.
BARNEY FRANK CANNOT HIDE HIS FANNIE ROLE
Rep. Barney Frank (D-MA) has a piece at the HuffPo (http://www.huffingtonpost.com/rep-barney-frank/is-there-an-antidote-to-t_b_176538.html), attempting to place all of the blame for the current economic downturn on Republicans and pretend he had nothing to do with it, including the implosion of Fannie Mae and Freddie Mac. Frank writes, “we have tools to aid memory — pencil and paper, word processing, transcripts, newspapers, and the Congressional record.” Indeed we do, but Frank fails to specifically cite to or quote any of them. There are reasons for that.
In the real world, Frank opposed increased oversight of Fannie and Freddie as far back as 1992 (http://www.washingtonpost.com/wp-dyn/content/article/2008/09/13/AR2008091302638_pf.html).
Frank then skips over most of the Clinton Administration, particularly the series of decisions by HUD Secretary Andrew Cuomo between 1997 and 2001 (http://patterico.com/2008/09/17/obama-and-his-media-pals-mislead-on-wall-street-turmoil/) that helped plunge Fannie and Freddie into the subprime markets without meaningful oversight. Perhaps Frank is hoping everyone will forget that Frank’s boyfriend at the time was Fannie’s assistant director for product initiatives (http://hotair.com/archives/2008/10/03/did-frank-have-a-conflict-of-interest-at-fannie-mae/). Some might question whether that was a conflict of interest, though Frank — who once fixed tickets (http://www.boston.com/news/globe/magazine/articles/2005/10/02/to_be_frank/) for another boyfriend on probation for drug possession and for possession of child pornography — apparently saw no potential conflict.
more at the link...
BARNEY FRANK CANNOT HIDE HIS FANNIE ROLE
Rep. Barney Frank (D-MA) has a piece at the HuffPo (http://www.huffingtonpost.com/rep-barney-frank/is-there-an-antidote-to-t_b_176538.html), attempting to place all of the blame for the current economic downturn on Republicans and pretend he had nothing to do with it, including the implosion of Fannie Mae and Freddie Mac. Frank writes, “we have tools to aid memory — pencil and paper, word processing, transcripts, newspapers, and the Congressional record.” Indeed we do, but Frank fails to specifically cite to or quote any of them. There are reasons for that.
In the real world, Frank opposed increased oversight of Fannie and Freddie as far back as 1992 (http://www.washingtonpost.com/wp-dyn/content/article/2008/09/13/AR2008091302638_pf.html).
Frank then skips over most of the Clinton Administration, particularly the series of decisions by HUD Secretary Andrew Cuomo between 1997 and 2001 (http://patterico.com/2008/09/17/obama-and-his-media-pals-mislead-on-wall-street-turmoil/) that helped plunge Fannie and Freddie into the subprime markets without meaningful oversight. Perhaps Frank is hoping everyone will forget that Frank’s boyfriend at the time was Fannie’s assistant director for product initiatives (http://hotair.com/archives/2008/10/03/did-frank-have-a-conflict-of-interest-at-fannie-mae/). Some might question whether that was a conflict of interest, though Frank — who once fixed tickets (http://www.boston.com/news/globe/magazine/articles/2005/10/02/to_be_frank/) for another boyfriend on probation for drug possession and for possession of child pornography — apparently saw no potential conflict.
more at the link...