Biden Probably Knew an Iranian Attack Would Happen, But Went on Vacation Anyway
Israel Successfully Fends Off Massive Iranian Assault
Rachel Maddow Is Filthy Rich And Morally Bankrupt
The Biden Drone Attack On Israel
'Our Constitution Was Made Only for a Moral and Religious People:' Part One
California Spent Billions to Combat Homelessness, Only to Lose Track of the Money
Republicans Are Missing the Mark on Abortion Messaging
Biden Urges Israel to Stand Down After Iran's Attack
Cori Bush Really Did Just Post This As Israel Was Being Attacked by...
Comparing Trump's Foreign Policy to Joe Biden's, and the Difference Is Alarming
America and Dubai
Setting the Record Straight on Long-Term Care Policy
Nippon Steel Bid to Buy US Steel: Good for US, Good for Japan
US's Happiness Ranking Plummets, but There Are Reasons Christians Should Be Encouraged by...
Texas Holding Universities Accountable on DEI
Tipsheet

Barney Frank: Admits to Helping Lover Get Fannie Job

Conflict of interest? Definitely.

U.S. Rep. Barney Frank admitted he helped his ex-lover land a lucrative post with Fannie Mae in the early 1990s while the Newton Democrat was on a committee that regulated the lending giant — but he called questions of a potential ethical conflict “nonsense.”

“If it is (a conflict of interest), then much of Washington is involved (in conflicts),” Frank told the Herald last night. “It is a common thing in Washington for members of Congress to have spouses work for the federal government. There is no rule against it at all.”

Advertisement

 

FLASHBACK to 2008:

The bubble was also fueled by pressure on Fannie and Freddie by members of Congress who insisted on home ownership for everyone.  These factors  allowed for the creation of more mortgage investment instruments, and more insurance swaps to hedge against the collapse that few thought would ever happen.

Join the conversation as a VIP Member

Recommended

Trending on Townhall Videos

Advertisement
Advertisement
Advertisement