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To: T. Jefferson
Do you have the picture? How did you take them????

You do actually know what you just posted could get you sued don't you!!!

6 posted on 12/07/2008 12:31:35 PM PST by org.whodat (Conservatives don't vote for Bailouts for Super-Rich Bankers! Republicans do!)
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To: org.whodat
Step away from the keyboard, you may get hurt.

Fannie Mae executive Herb Moses and Barney Frank lived together, genius. http://www.newsmax.com/insider_report/Barney_Frank_Fannie_Mae_/2008/10/12/139808.html

9 posted on 12/07/2008 2:01:48 PM PST by T. Jefferson
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To: org.whodat

There are many media sources on the Barney Frank/Herb Moses relationship, so Frank would have to start suing a lot of media people and look forward to the “discovery” of depositions, documents etc. That won’t happen.


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

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.


17 posted on 12/07/2008 5:21:50 PM PST by Enchante (Countless Innocents in Mumbai, India Suffer the "Religion of Peace" in Action)
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