T Nation

Barney Frank and Fannie Mae

Barney Frank is quite the businessman, from running a male prostitution ring, to appointing his ex-lover to Fannie Mae after their break-up, is their anything he hasn’t done business-wise?

http://www.foxnews.com/printer_friendly_story/0,3566,432501,00.html

This is from Fox News, so liberals should just write this article off as a conspiracy:

[quote]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.

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.

“It�??s absolutely a conflict,” said Dan Gainor, vice president of the Business & Media Institute. "He was voting on Fannie Mae at a time when he was involved with a Fannie Mae executive. How is that not germane?

“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.”

A top GOP House aide agreed.

“C�??mon, he writes housing and banking laws and his boyfriend is a top exec at a firm that stands to gain from those laws?” the aide told FOX News. "No media ever takes note? Imagine what would happen if Frank�??s political affiliation was R instead of D?

Imagine what the media would say if (GOP former) Chairman (Mike) Oxley�??s wife or {GOP presidential nominee John) McCain�??s wife was a top exec at Fannie for a decade while they wrote the nation�??s housing and banking laws."

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.

“I am the only member of the congressional gay spouse caucus,” Moses wrote in the Washington Post in 1991. “On Capitol Hill, Barney always introduces me as his lover.”

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.”

Critics say such programs led to the mortgage meltdown that prompted last month�??s government takeover of Fannie Mae and its financial cousin, Freddie Mac. The giant firms are blamed for spreading bad mortgages throughout the private financial sector.

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.[/quote]

Looks like even Klinton was trying to shore up lending standards.

More along those lines…

http://www.businessandmedia.org/articles/2008/20080924145932.aspx


Media Mum on Barney Frank’s Fannie Mae Love Connection

Democratic House Financial Services Committee Chair promoted GSEs while former ‘spouse’ was Fannie Mae executive.

By Jeff Poor

Business & Media Institute
9/24/2008 4:00:57 PM

 Are journalists playing favorites with some of the key political figures involved with regulatory oversight of U.S. financial markets?

 MSNBC�??s Chris Matthews launched several vitriolic attacks on the Republican Party on his Sept. 17, 2008, show, suggesting blame for Wall Street problems should be focused in a partisan way. However, he and other media have failed to thoroughly examine the Democratic side of the blame game.

 Prominent Democrats ran Fannie Mae, the same government-sponsored enterprise (GSE) that donated campaign cash to top Democrats. And one of Fannie Mae�??s main defenders in the House �?? Rep. Barney Frank, D-Mass., a recipient of more than $40,000 in campaign donations from Fannie since 1989 �?? was once romantically involved with a Fannie Mae executive.


 The media coverage of Frank�??s coziness with Fannie Mae and his pro-Fannie Mae stances has been lacking. Of the eight appearances Frank made on the three broadcasts networks between Jan. 1, 2008, and Sept. 21, 2008, none of his comments dealt with the potential conflicts of interest. Only six of the appearances dealt with the economy in general and two of those appearances, including an April 6, 2008 appearance on CBS�??s �??60 Minutes�?? were about his opposition to a manned mission to Mars.

 Frank has argued that family life �??should be fair game for campaign discussion,�?? wrote the Associated Press on Sept. 2. The comment was in reference to GOP vice presidential nominee Sarah Palin and her pregnant daughter. �??They�??re the ones that made an issue of her family,�?? the Massachusetts Democrat said to the AP.

 The news media have covered the relationship in the past, but there have been no mentions since 2005, according to Nexis and despite the collapse of Fannie Mae. The July 3, 1998, Reliable Source column in The Washington Post reported Frank, who is openly gay, had a relationship with Herb Moses, an executive for the now-government controlled Fannie Mae. The column revealed the two had split up at the time but also said Frank was referring to Moses as his �??spouse.�?? Another Washington Post report said Frank called Moses his �??lover�?? and that the two were �??still friends�?? after the breakup.

 Frank was and remains a stalwart defender of Fannie Mae, which is now under FBI investigation along with its sister organization Freddie Mac, American International Group Inc. (NYSE:AIG) and Lehman Brothers (NYSE:LEH) �?? all recently participants in government bailouts. But Frank has derailed efforts to regulate the institution, as well as denying it posed any financial risk. Frank�??s office has been unresponsive to efforts by the Business & Media Institute to comment on these potential conflicts of interest.

 While the relationship reportedly ended 10 years ago, Frank was serving on the House Banking Committee the entire 10 years they were together. The committee is the primary House body which along with the Office of Federal Housing Enterprise Oversight (OFHEO) has jurisdiction over the government-sponsored enterprises.

 He has served on the committee since becoming a congressman in 1981 and became the ranking Democrat on the committee in 2003. He became chairman of the committee, now called the House Financial Services Committee, in 2007.

 Moses was the assistant director for product initiatives at Fannie Mae and had been at the forefront of relaxing lending restrictions at the company for rural customers, according to the Feb. 23, 1998, issue of National Mortgage News (NMN).

 �??Herb Moses, who helped develop many of Fannie Mae�??s affordable housing and home improvement lending programs, has left the mortgage industry,�?? Darryl Hicks wrote for NMN.  �??Mr. Moses - whose last day was Feb. 13 - spent the past seven years at Fannie Mae, most recently as director of housing initiatives. Over the course of time, he played an instrumental role in developing the company�??s Title One and 203(k) home improvement lending programs.�??

 Hicks explained in his story how Moses orchestrated a collaborative effort between Fannie Mae and the Department of Agriculture.

 �??The Dartmouth grad also played a crucial role in brokering a relationship between Fannie Mae and the Department of Agriculture,�?? Hicks wrote. �??This led to the creation of Fannie Mae�??s rural housing program where the secondary marketing agency agreed to purchase small farm loans insured through the department.�??

 While Moses served at Fannie Mae and was Frank�??s partner, Frank was actively working to support GSEs, according to several news outlets.

 In 1991, Frank and former Rep. Joe Kennedy, D-Mass., lobbied for Fannie to soften rules on multi-family home mortgages although those dwellings showed a default rate twice that of single-family homes, according to the Nov. 22, 1991, Boston Globe.

 BusinessWeek reported in its Nov. 14, 1994, issue that Fannie Mae called on Frank to exert his influence against a Housing & Urban Development proposal that would force the GSE to focus on minority and low-income buyers and police bias by lenders regardless of their location. Fannie Mae opposed HUD on the issue because it claimed doing so would �??ignore the urban middle class.�??

 Moses left Fannie in 1998 to start his own pottery business. National Mortgage News called Moses a �??mortgage guru�?? and said he developed �??many of Fannie Mae's affordable housing and home improvement lending programs. Moses ended his relationship with Frank just months after he left Fannie.

 Even after the relationship ended, however, Frank was a staunch defender of Fannie Mae even as other experts suggested there were serious problems building in Fannie Mae and Freddie Mac.

 According to an article by Kathleen Day in the Oct. 8, 2003, Washington Post, Frank opposed giving the Bush administration the right to approve or disapprove business activities that �??could pose risk to the taxpayers.�?? He told the Post he worried the Treasury Department �??would sacrifice activities that are good for consumers in the name of lowering the companies�?? market risks.�??

 Just a month before, Frank had aggressively thwarted reform efforts by the Bush administration. He told The New York Times on Sept. 11, 2003, Fannie Mae and Freddie Mac�??s problems were �??exaggerated,�?? a gross miscalculation some five years later with costs estimated to be in the hundreds of billions.

 �??These two entities �?? Fannie Mae and Freddie Mac �?? are not facing any kind of financial crisis,�?? Frank said to the Times. �??The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.�??

 Frank has also reaped campaign contribution benefits from Fannie Mae and its counterpart Freddie Mac. According a front page story in the Sept. 19, 2008, Investor�??s Business Daily by Terry Jones, Frank has received $40,100 in campaign cash over the past two decades from the GSEs.

 Frank is ranked 16th on a list that includes both houses of Congress and fifth among his colleagues in the House. According to data from the Center for Responsive Politics�?? OpenSecrets.org, political action committees financed by both Freddie and Fannie have contributed $3,017,797 to members of Congress since 1989. And according to the July 16 issue of Politico, the two entities have spent a whopping $200 million to buy influence �?? including not only campaign donations to members of Congress, but also presidential campaigns and lobbying efforts.

 In a July 23 op-ed, Wall Street Journal Editorial Page Editor Paul Gigot put the blame for the GSEs�?? collapse firmly on the members of the liberal establishment who took money from Freddie and Fannie. �??Fan and Fred also couldn't prosper for as long as they have without the support of the political left... This includes Mr. Frank and Sen. Chuck Schumer (D., N.Y.) on Capitol Hill, as well as Mr. [Paul] Krugman and the Washington Post's Steven Pearlstein in the press.�??

 Frank was asked by CNN�??s John Roberts on the Sept. 22, 2008 �??American Morning�?? about this and his opposition to reform Fannie Mae and Freddie Mac. Originally, he claimed he didn�??t think the two GSEs were facing any problems when the issue first surfaced in 2003. He instead blamed the Republican-controlled Congress for their ultimate fall, failing to mention his friendly relationship with Fannie Mae and the contributions it had made to his campaign over the years.

  �??Yes, I did not think we were facing a crisis in 2003, but that didn't mean we didn't have to have reform,�?? an animated Frank said when confronted with the question. �??Here�??s the deal, the Republicans controlled Congress from 1995 through 2006. They did zero to reform Fannie Mae and Freddie Mac.�??

 However, on Sept. 17, 2008, former Bush administration Deputy Chief of Staff Karl Rove elaborated on the Bush administration�??s efforts to curb abuses at the two GSEs in 2003. He told Fox News�?? �??Hannity & Colmes�?? that Frank was among the most aggressive opponents of White House attempts to reform Fannie Mae and Freddie Mac.

 �??All of this bad stuff on Wall Street happened because people got greedy and the greed started at Fannie Mae and Freddie Mac,�?? Rove said. �??And I know this because five years ago, the administration was alerted by the regulator, James Lockhart, that there was insufficient authority and that these institutions �?? particularly Fannie �?? were out of control.�??

 Rove said the Bush administration�??s efforts to reform Fannie and Freddie were opposed by congressional Democrats �?? specifically Frank and Senate Banking Committee Chairman Christopher Dodd, D-Conn.

 �??And I got to tell you, for five years, I was part of an effort at the White House to fight this and our biggest opponents on the Hill who blocked this every step of the way were people like Chris Dodd and Barney Frank. And Fannie and Freddie are the $200 billion contagion at the center of this.�??

  Frank has been quick to blame deregulation for some of the problems in the financial environment, as he did on Bloomberg television�??s Sept. 19 �??Political Capital with Al Hunt.�?? However, as earmark crusader Rep. Jeff Flake, R-Ariz. pointed out �?? it�??s not deregulation, but it was the structure of Fannie Mae and Freddie Mac that had been guarded by Frank and other members of Congress.

 �??Some people point at deregulation,�?? Flake said to the Business & Media Institute on Sept. 23. �??It�??s not deregulation at all. We have for far too long shielded Fannie and Freddie for example, with the implicit and now explicit guarantee. I just found it humorous.�??

 Flake specifically named Frank as one of the members behind letting allegations of transgressions at the two GSEs for slipping by without oversight from Congress.

 �??Just a few minutes ago, a reporter was asking me about this and saying, �??Barney Frank is saying that�??s just �?? because there were allegations,�?? correct ones �?? �??that Fannie and Freddie have been the playground for politicians for years and now the other side is saying Fannie and Freddie were just a small part of this and this goes far beyond.�?? It does, but these same people a couple of weeks ago said, �??You got to bail out Fannie and Freddie because they touch everything out there. They touch nearly every mortgage out there.�?? And because of that explicit guarantee �?? that we would come and bail them out, nobody has been subject to market discipline.�??

 Frank claims differently, according to a letter to the editor published in the Sept. 17, 2008 Wall Street Journal.  Frank noted that in 2005 he supported regulating compensation for Fannie and Freddie executives.

 �??In fact, my reform efforts had begun when we were still in the minority. In 2005, I joined Michael Oxley, then chairman of the House Financial Services Committee, in supporting legislation to increase the regulation of Fannie and Freddie that passed the House by a vote of 330 to 90,�?? Frank wrote. �??When former Congressman Richard Baker proposed to examine the compensation structure of Fannie and Freddie's top executives, and some members of Congress tried to block him, I explicitly spoke out in support of his right to do that and our right, as a Congress, to examine the GSE�??s compensation practices.�??

 The red flags were raised long before the government bailed out the two GSEs in August 2008. The first egregious scandal involving Fannie Mae occurred in 2004. A 2004 Wall Street Journal editorial was first to point out claims in an OFHEO report that showed accounting malpractices by the GSE.

 �??For years, mortgage giant Fannie Mae has produced smoothly growing earnings. And for years, observers have wondered how Fannie could manage its inherently risky portfolio without a whiff of volatility, the Oct. 4, 2004, editorial, �??Fannie Mae Enron?�?? said. �??Now, thanks to Fannie�??s regulator, we know the answer. The company was cooking the books. Big time.�??

[quote]PRCalDude wrote:
Barney Frank is quite the businessman, from running a male prostitution ring, to appointing his ex-lover to Fannie Mae after their break-up, is their anything he hasn’t done business-wise?

This is from Fox News, so liberals should just write this article off as a conspiracy:

[/quote]

You forgot to mention Frank is also Jewish…

Rosh Hashanah complicates matters
One complicating wrench in the Wall Street bailout is religious. At sundown tonight, the Jewish holiday of Rosh Hashanah commences. Several of the key Congressional players in the negotiations are Jewish, including Democrats Barney Frank and Rahm Emanuel, and Republican Eric Cantor. During a press conference, Frank stated that he won’t be available tomorrow because of the holiday.

Rosh Hashanah, which translates to “head of the year,” is considered to be one of the 10 days of repentance in the Jewish year. While it is not as holy a Holiday as Yom Kippur, the Torah still stipulates that Jews shall not work on Rosh Hashanah, just as they are not to work on the day of Shabbat.

Timing is everything…

“He [Barney Frank] says he’s not sure how quickly a resolution will come on this bailout, and this worries him because he knows that many of his fellow Jewish members of Congress will be leaving soon to go home to celebrate the Jewish New Year, which starts Monday evening.” http://www.washingtonpost.com/wp-dyn/content/article/2008/09/26/AR2008092603922.html

When Jews and political money scandals collide
Haaretz
The latest corruption affair in British politics, involving Labour’s chief fundraiser Jon Mendelsohn and David Abrahams, who gave £600,000 to the Labour Party, is yet another in a long series of scandals that have Jews at the heart of them…

Let’s not forget that the American political establishment is still reeling too, after mega-lobbyist and self-styled Orthodox Jew Jack Abramoff was sentenced to five and a half years in jail last year for handing bribes to a long list of Republicans, including at least one congressman.

And although I am of course reluctant to spur on “Elders of Zion” conspiracy theory enthusiasts, we should nonetheless be asking ourselves why there always seem to be Jews around when politics and funny money meet. And the standard excuse, that there are “rotten apples in every barrel,” just won’t do, as the involvement of Jews in these cases is hugely disproportionate to their percentage of the population…
http://www.haaretz.com/hasen/pages/ShArt.jhtml?itemNo=929926&contrassID=0&subContrassID=0

As a side note – what ever happened to Frank’s Republican counterpart on the House Financial Services Committee?

Paul Eugene Gillmor (February 1, 1939 - c. September 5, 2007) was an American politician of the Republican Party who served as the U.S. Representative from the 5th congressional district of Ohio from 1989 until his death.

On September 5, 2007, Gillmor was found dead in his Arlington County, Virginia townhouse by members of his staff after he failed to show up for a House Financial Services Committee meeting… The Virginia state medical examiner’s office said in a report that Gillmor died from blunt head and neck trauma consistent with a fall down the stairs.

Whoops. Him fall down.

They were “married” 11 years. Looks like they blew away the mean for gay couple marriage duration. The “marriage” was a great business venture for Moses.

Good post JTF!

These guys have so fubarred everything, that its incomprehensible. Did you guys know that this decade is worse for stocks than the 1930’s.

"Oct. 7 (Bloomberg) – Even the 1930s are looking better for U.S. stock investors after the credit crisis wiped out more than $6 trillion from equities in the past year.

The Standard & Poor’s 500 Index lost 18 percent since the start of 2000 after sinking 11 percent this month, total return data compiled by Bloomberg show. The decline would be the first for a decade in 70 years and exceeds the 8.9 percent plunge in the 1930s, following the stock market crash of 1929, data compiled by New York University’s Stern School of Business show."

http://www.bloomberg.com/apps/news?pid=20601213&sid=aTcXFgR3I_E4&refer=home

Anyone who trusts BHO, Barrney, Pelosi and Reid deserves exactly what they get?

(Sorry if the stock thing was a hijack.)

[quote]PRCalDude wrote:
They were “married” 11 years. Looks like they blew away the mean for gay couple marriage duration. The “marriage” was a great business venture for Moses. [/quote]

Say, you don’t suppose “Moses” was also Jewish do you? Haha

Oh, thought you might find this funny…

Star of gay adult films to entertain Israeli troops
A star of gay pornographic films is traveling to Israel to entertain the troops and shoot two films, PageOneQ has learned.

Michael Lucas (picture, right), head of Lucas Entertainment, is planning to give troops free admission to a live sex show in Tel Aviv. It will be his third appearance there.

“I toured Israel before with Rob Ramos in 2004 (Haifa and Tel-Aviv) and with Wilfried Knight in 2005 (Tel-Aviv),” he wrotes in the announcement on his blog. “I haven’t decided yet who will be my partner for the live sex show I’m doing there (Israel has no problem with that type of entertainment).”
http://pageoneq.com/news/2006/movie_081896.html

To be frank.

Why are you even posting on this site, having discredited yourself utterly with the ARL/HH business? Wasn’t Ayn Rand Jewish?

If we don’t see anyone in congress pay the price for this mess, i will have lost the very last strand of hope i have for this country. I just can’t believe that a small number people can fuck up a country so bad and get away with it.

Being jewish has nothing to do with the sorry cesspool that is Barney Frank. Leave it to Just the Facts to turn an issue into an anti-semitic rant

Are you guys saying…um…err…that Barney loves Fannie?

[quote]Sloth wrote:
Are you guys saying…um…err…that Barney loves Fannie?[/quote]

I don’t believe we have that level of detail. Hey may be freddie or he may be fannie.

[quote]dhickey wrote:
Sloth wrote:
Are you guys saying…um…err…that Barney loves Fannie?

I don’t believe we have that level of detail. Hey may be freddie or he may be fannie.[/quote]

Barney dresses up as Fannie and then goes hog wild with Freddie.

[quote]Sloth wrote:
Are you guys saying…um…err…that Barney loves Fannie?[/quote]

I think you could say that he and his partner probably sucked (pun intended) quite a bit of money out of it.

Frank likes it when Freddie puts it in his Fannie.

Or something like that.

[quote]rainjack wrote:
Frank likes it when Freddie puts it in his Fannie.

Or something like that. [/quote]

Lol.

[quote]PRCalDude wrote:
Good post JTF!

Why are you even posting on this site, having discredited yourself utterly with the ARL/HH business? Wasn’t Ayn Rand Jewish? [/quote]

Nope. My HH account was heavily moderated to the point where my posts took 4 hours or more to appear. Not because of Politics or any of the other stuff I write, but because I broke an unwritten rule. I like to argue; how do you argue with delays like that?

FWIW, I am Jewish (technically), since my mom was. And I like JTF’s posts — I find them thoughtful, highly intelligent, and well-supported by documentation. Also, most Jews despise the Zionists who give us a bad name, much as Muslim extremists give Islam a bad name.

If all this bothers you, follow that ‘salad tosser’ Pushharder and ignore my posts.

[quote]Headhunter wrote:
PRCalDude wrote:
Good post JTF!

Why are you even posting on this site, having discredited yourself utterly with the ARL/HH business? Wasn’t Ayn Rand Jewish?

Nope. My HH account was heavily moderated to the point where my posts took 4 hours or more to appear. Not because of Politics or any of the other stuff I write, but because I broke an unwritten rule. I like to argue; how do you argue with delays like that?

FWIW, I am Jewish (technically), since my mom was. And I like JTF’s posts — I find them thoughtful, highly intelligent, and well-supported by documentation. Also, most Jews despise the Zionists who give us a bad name, much as Muslim extremists give Islam a bad name.

If all this bothers you, follow that ‘salad tosser’ Pushharder and ignore my posts.

[/quote]

Go away.

[quote]jsbrook wrote:
Being jewish has nothing to do with the sorry cesspool that is Barney Frank. Leave it to Just the Facts to turn an issue into an anti-semitic rant[/quote]

I guarantee it has more to do with it than being gay.

Seriously, it wasn’t my fault a Jewish guy goes on national TV and tells everybody to hurry up and pass an unconstitutional $700 billion bailout on the eve of Jewish New Year. Of course when it didn’t pass right then, they said F you and tacked on another $100+ billion for the inconvenience.

Also, why do five out of the six Federal Reserve board members have to be Jewish? Sounds a little racist to me.

[quote]Headhunter wrote:
PRCalDude wrote:
Good post JTF!

Why are you even posting on this site, having discredited yourself utterly with the ARL/HH business? Wasn’t Ayn Rand Jewish?

Nope. My HH account was heavily moderated to the point where my posts took 4 hours or more to appear. Not because of Politics or any of the other stuff I write, but because I broke an unwritten rule. I like to argue; how do you argue with delays like that?

FWIW, I am Jewish (technically), since my mom was. And I like JTF’s posts — I find them thoughtful, highly intelligent, and well-supported by documentation. Also, most Jews despise the Zionists who give us a bad name, much as Muslim extremists give Islam a bad name.

If all this bothers you, follow that ‘salad tosser’ Pushharder and ignore my posts.

[/quote]

Only you would find those posts thoughtful. JTF manages to link the Jews or at least the ‘Zionists bent on World Domination’ to every crisis no matter how tenuous and ludicrious the supposed connection.

[quote]JustTheFacts wrote:
jsbrook wrote:
Being jewish has nothing to do with the sorry cesspool that is Barney Frank. Leave it to Just the Facts to turn an issue into an anti-semitic rant

I guarantee it has more to do with it than being gay.

Seriously, it wasn’t my fault a Jewish guy goes on national TV and tells everybody to hurry up and pass an unconstitutional $700 billion bailout on the eve of Jewish New Year. Of course when it didn’t pass right then, they said F you and tacked on another $100+ billion for the inconvenience.

Also, why do five out of the six Federal Reserve board members have to be Jewish? Sounds a little racist to me.

[/quote]

You’re blaming the Jews for having a holiday? It would’ve been no different if this happened right before Christmas. A rush job wouldn’t have been any more or less appropriate then than now. But Frank wasn’t the only one operating under a sense of urgency pushing through a questionable Bill that hadn’t really been thought through.

And however you feel about the bailout, most of the added pork was to buy Repbulican House votes. Frank was satisfied with the original shiteous verson. The added provisions have little to do with him. And certainly have nothing to do with being Jewish. For the record, it has nothing to do with being gay either. It has to do with being STUPID. Frank and others.

Your federal Reserve comment is beyond ridiculous. Are we now to screen people out of positions of power based on their religion?