Barney Frank's gotta go !
Barney Frank was Accused of Fannie Mae Conflict of Interest - Some serious denial !
Barney Frank on the House Floor June 2005;
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..
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.
Then Barney Frank was Accused of Fannie Mae Conflict of Interest;
Some serious denial !
Even though he and Oreilly are arguing whether Barney Frank is guilty of promoting investment in Fannie Mae or not either passively or actively Barney Frank still stood in congress and touted the solvency of, therefore opening the gate to investment in F.M., good numbers is what investors look for !
Fannie Mae CEO, and Pres.Clintons Budget Director, who then became Obama's Campaign, Chief Economic Advisor, Franklin Raines, left Fannie Mae with a “golden parachute valued at $240 Million in benefits. The Goverment filed suit against Raines when the depth of the acounting scandel became clear.
“The 101 charges reveal how the individuals, Raines and Cheif Finacial Advisor Tim Howard, improperly manipulated earnings to maximize their bonuses, while knowingly neglecting accounting systems and internal controls, misapplying over twenty accounting principles and misleading the regulator and the public to the tune of about 9 billion dollars .
The Notice explains how they submitted six years of misleading and inaccurate accounting statements and inaccurate capital reports that enabled them to grow Fannie Mae in an unsafe and unsound manner.” These charges were made in 2006.
Barney Frank on the House Floor June 2005;
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..
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.
Then Barney Frank was Accused of Fannie Mae Conflict of Interest;
Some serious denial !
Even though he and Oreilly are arguing whether Barney Frank is guilty of promoting investment in Fannie Mae or not either passively or actively Barney Frank still stood in congress and touted the solvency of, therefore opening the gate to investment in F.M., good numbers is what investors look for !
Fannie Mae CEO, and Pres.Clintons Budget Director, who then became Obama's Campaign, Chief Economic Advisor, Franklin Raines, left Fannie Mae with a “golden parachute valued at $240 Million in benefits. The Goverment filed suit against Raines when the depth of the acounting scandel became clear.
“The 101 charges reveal how the individuals, Raines and Cheif Finacial Advisor Tim Howard, improperly manipulated earnings to maximize their bonuses, while knowingly neglecting accounting systems and internal controls, misapplying over twenty accounting principles and misleading the regulator and the public to the tune of about 9 billion dollars .
The Notice explains how they submitted six years of misleading and inaccurate accounting statements and inaccurate capital reports that enabled them to grow Fannie Mae in an unsafe and unsound manner.” These charges were made in 2006.
Labels: politics
posted by Cu'cullen | 8:53 PM
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