With the pork packed Freddie Mac and Fannie Mae bailouts causing apoplexy among Americans who comprehend the magnitude of taxpayer abuse, some attention is focused on the lawmakers instrumental in bringing us this disaster.
Barney Frank was apparently involved (sexually, that is) with Freddie Mac executive Herb Moses, at the time that he supported looser regulations and lending standards.
During the time that Moses served as assistant director of new product initiatives, at Freddie Mac, Barney Frank, on the House Banking committee, repeatedly resisted efforts to regulate the lending practices.
Will anything come of this obvious conflict of interest? No, because Barney Frank is a Democrat.
