Posted on 10/03/2008 3:47:45 PM PDT by ajwharton
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.
(Excerpt) Read more at foxnews.com ...
Yes, I believe he’s corrupt. Or stupid. You decide.
I think McCAin doesn’t touch this because there are too many republicans involved in the mess as well and he’s doing all he can to distance himself from the current administration.
Bush seeks to increase minority homeownership (FHA)
By Thomas A. Fogarty, USA TODAY 1/20/2004
http://www.usatoday.com/money/perfi/housing/2004-01-20-fha_x.htm
Can’t give a snip of USA today, but it’s worth the read!
Do you have any evidence, any at all, of our President being or acting corrupt?
As I said, he may be inept in some areas. I’ll add to that, he’s let us down on some important issues, and he hasn’t been as forthright, for whatever his personal reasons are, as we would like, but labeling him a crook, or calling him corrupt is well beyond reason.
I would expect this at DU or HuffPost, but at FR from a FReeper of 8 years?
No need to respond to me. None at all.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.