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
O'Reilly was way too soft on the sleezball. He should have punched out the son-of-a-b****.
Let's see if any network other than Fox goes after him. Let's see if McCain goes after him and all the other Democrats that caused this crisis in our markets.
I am not holding my breath.
But at least Fox has a reader/listenership that is greater by an order of magnitude compared to the other feckless, cowardly news agencies that cover the backsides of all Democrats--just like the Dems cover the backsides (and collect the cash from) of corrupt, incompetent businesses like Fannie and Freddie.
UPDATE: If you haven't watched this ad, then you should: