You do actually know what you just posted could get you sued don't you!!!
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
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.
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. Franks 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 Maes 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 companys 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 Maes 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 Franks partner, Frank was actively working to support GSEs, according to several news outlets.