Posted on 10/29/2010 7:52:46 AM PDT by Chuckmorse
The most recent Barney Frank scandal involves the congressman accepting a gift of a round trip fight on a luxury jet from S. Donald Sussman of Paloma Partners, a hedge fund manager who had previously received a $200 million federal bailout as a subsidiary of AIG. As chairman of the House Financial Services Committee, Frank oversaw the dispersion of the bailout funds. Frank reported the cost of the 2009 flight from Maine to the Virgin Islands, estimated to be worth $30,000 each way, to Congress as worth $1,500. Not reported was his free stay at the AIG affiliated hedge fund managers luxurious mansion or any other favors or gifts. These types of scandals are a regular feature of Frank’s unpublished resume.
Scandal is nothing new to Barney Frank. The Boston Globe asked him to resign in 1989 after it was revealed that he had fixed parking tickets for a male prostitute who was running a brothel out of his Dupont Circle condominium. The brief criminal investigation into the matter was cursory at best. Frank was reprimanded by his colleagues in Congress for that scandal and the New York Times reported that the scandal resulted in Frank’s formal excommunication from Judaism, a legal religious procedure conducted by an authorized Beth Din Zedek, a High Rabbinic Ecclesiastical Court. Frank’s excommunication was recognized by two major rabbinic groups, the Rabbinical Alliance of America and the Union of Orthodox Rabbis which, although not participating in the excommunication ''expressed approval of it.''
While serving on the House Financial Services Committee, Frank consistently supported the expansion of questionable mortgage loans through Fannie Mae and Freddie Mac while his partner, Herb Moses, was an assistant director of Fannie Mae responsible for relaxing mortgage standards. This policy, of which Frank was a prime mover, led to the largest credit implosion in the history of civilization. The Business and Media Institute reported that Moses, who “developed many of Fannie Mae's affordable housing and home improvement lending programs,” left the agency in 1998 and ended his relationship with Frank a few months later. Frank, who continued to promote dangerous credit expansion policies through the Bush years, subsequently partnered with Sergio Pombo who was an employee of the World Bank. Frank consistently reaped campaign money from Fannie Mae and Freddie Mac as well as from various banks. According to Investors Business Daily, Frank reaped $40,100 in cash from Fannie and Freddie over two decades. The general records regarding the contributions of Fannie and Freddie to congressional candidates and lobbyists, estimated to be in the neighborhood of $200 million, are presently sealed due to the fact that both quazi-public agencies have been placed into receivership.
As chairman of the House Financial Services Committee, Frank inserted a special provision into bailout legislation to grant $12 million in TARP funds for One United Bank, a bank that is connected to the husband of Rep. Maxine Waters. Rep. Waters is now under investigation and Frank might be yet again caught in a web of corruption. This investigation is serious and of a criminal nature. If prognosticators are correct, and Barney Frank is dragged into the criminal aspect of the unfolding probe due to release its findings early next year, that Frank, if re-elected, would probably be forced to step down. Since Frank faces an excellent and eminently qualified and capable challenger this election year, Republican Marine Captain, Harvard graduate, and businessman Sean Bielat, the voters of the 4th District of Massachusetts should elect Sean Bielat if for no other reason than to spare Massachusetts yet another disgrace that will no doubt emanate from the sordid and disastrous career of Barney Frank.
This appears to be criminal behavior. Do you think there is a public corruption prosecution against Mr. Frank in the offing?
Frank is hoping he can slip away unscathed......many citizens want prosecutions for the corruption that has gone on with his involvement. Lawyer up Spittle.
I assuem you’ve all read that Charlie Rangel has fired his lawyers and will represent himself at his ethics hearing..which is NOT a legal hearing...it’s what the Ethics committee members decide...I can hear ole Charlie...”you’re gonna railroad me out of here, because of some trips to the Dominican Republic, but you’re giving Barney Frank a pass on all the stuff he pulled?” And then there’s Maxine Waters....you know she’s gonna say something about this..
picture says it all.........
picture says it all.........
picture says it all.........
picture says it all.........
Yeh. I think 'other favors' is referring to the bill for Dancing Boys...
...and who heads the Ethics Committee...Baba Boxer
Another interesting thread...
How Barney Frank opened floodgates to Islamic terrorists
http://www.freerepublic.com/focus/f-chat/2616703/posts
Corrupt, queer, and he farts on TV—the perfect representative for a Northeastern state
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