HolyCoast: Bawney Fwank Admits a Confwict of Intwist

Thursday, May 26, 2011

Bawney Fwank Admits a Confwict of Intwist

Bawney's baby and the job he got him at Fannie Mae:
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.”
If you're looking to see who's responsible for the current economic crisis you need look no further than Bawney Fwank and Chris Dodd, both of whom did their best to protect Fannie Mae and Freddie Mac from regulatory oversight as the two mortgage giants failed. They also helped to ensure that people who could not afford to buy homes were able to buy them with little or nothing down and thus precipitated the home mortgage collapse when all those people began defaulting.

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