Barney Frank’s “Lover” was an Executive with Fannie/Freddie, the Housing Crisis Frank Claimed was Not Taking place in 2003..
House Financial Services Chairman Barney Frank has suggested that linking the banking crisis to the high-risk bank lending mandates of the Community Reinvestment Act and the “affordable” housing goals set by Congress for Fannie Mae and Freddie Mac constitutes a Republican effort to scapegoat poor, minority households that took out such mortgages.
An outstanding comment by a poster via http://digg.com/comics_animation/Barney_Frank_Cartoon_The_Democrat_Hypocrisy :
A little background on Elmer Fudd for those interested: (He’s a real piece of work.)
In 1990, The House Ethics Committee recommended Frank be reprimanded because he “reflected discredit upon the House” by using his congressional office to fix 33 of Steve Gobie’s parking tickets.
Frank confirmed that he paid Gobie for sex, hired him with personal funds as an aide and wrote letters on congressional stationery on his behalf to Virginia probation officials, but Frank said he fired Gobie when he learned that prostitution clients were visiting the apartment.
The investigation into Gobie and Frank’s interactions were prompted by Gobie’s attempt to cash in on lies stating Frank knew and approved of Gobie’s illegal activities in the Frank residence. “Two years [after Frank fired Gobie], Gobie tried unsuccessfully to sell his story to the Washington Post. He then gave the story to the Washington Times for nothing, in hopes of getting a book contract for the male version of The Mayflower Madam.”
After an investigation, the Ethics Committee found no evidence that Frank had known of or been involved in the alleged illegal activity and dismissed all of Gobie’s more scandalous claims.
Attempts to expel or censure Frank, led by Republican member Larry Craig (who himself was later embroiled in his own gay sexual scandal), failed. Rather, the House voted 408-18 to reprimand Frank who later won re-election in 1990 with 66 percent of the vote, and has won by larger margins ever since.
In September 2003, Frank, then the ranking Democrat on the Financial Services Committee, opposed a Bush administration proposal for transferring oversight of Fannie Mae and Freddie Mac from Congress and the Department of Housing and Urban Development to a new agency that would be created within the Treasury Department. The proposal reflected the administration’s belief that Congress “neither has the tools, nor the stature” for adequate oversight. Frank stated, “These two entities…are not facing any kind of financial crisis…. The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.”
This is a comment by a poster from http://digg.com/comics_animation/Barney_Frank_Cartoon_The_Democrat_Hypocrisy and it is TRULY and outstanding comment:
In 2006, Frank was one of only three Representatives to oppose the Respect for America’s Fallen Heroes Act, which restricted protests (notably those of Fred Phelps’ Westboro Baptist Church) at soldiers’ funerals.
He voted against the Partial-Birth Abortion Ban Act, against the Unborn Victims of Violence Act and against the criminalization of the transportation of minors across state lines by non-family members to circumvent local abortion laws.