Sex, Lies, and Video Tape Starring Fannie Mae & Freddie Mac

Everyone by now should know that Barney Frank, the Chairman of the House Financial Services Committee was in bed with Fannie Mae & Freddie Mac, literally. Frank resided with his boyfriend Herb Moses in a Washington love pad. Herb Moses was an executive at Fannie Mae.

The role of Frank's boyfriend was to help develop many of Fannie Mae's affordable housing and home improvement lending programs. Barney Frank has collected tens of thousands of dollars from Fannie Mae and Freddie Mac in campaign contributions since 1989 [1]

"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."[2]

The willful failure to report Frank's complicity and to expose the failure of members in Washington while our once fundamentally sound economy is crashing along with government-sponsored enterprises speaks volumes as to the double standard of mainstream media and the cowardice of the GOP.

Ideology and the fear of discussing a homosexual relationship trumps sound reasoning. This isn't about Barney Frank's lifestyle, it is about the failure to protect our economy, it is about the complicit actions of a leading member of the Housing Banking Committee.

"These two entities, Fannie Mae & Freddie Mac, are NOT facing any kind of financial crisis."- 2003, Barney Frank (D-MA), the ranking Democrat on the Financial Services Committee [3]

There is certainly enough bipartisan blame to go around regarding the current economic crisis. Our current president let us down by not properly utilizing his bully pulpit, by not effectively leading, by not grabbing the liberals by the ear and exposing their complicity, by having the poor judgment of surrounding himself with snakes.

What did President Bush do to stave off this economical turmoil? To his credit, no pun intended, "Bush introduced the most significant piece of regulatory overhaul in the housing finance industry. Specifically, Bush introduced to Congress a plan for a new agency to supervise Fannie Mae & Freddie Mac"-2003, NYT[3]