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Subject: Judicial Watch On Barney Frank
CJH    1/1/2012 3:05:33 PM
Washington's 10 Most Wanted Corrupt Politicians of 2011

Washington’s “Ten Most Wanted Corrupt Politicians” for 2011

"Rep. Barney Frank (D-MA): Another perennial member of JW’s list of Washington’s “Ten Most Wanted Corrupt Politicians” will soon be saying goodbye to Congress.

Rep. Barney Frank blamed redistricting for his decision to leave office, but the congressional ethics investigation of the OneUnited Bank scandal also implicating California Rep. Maxine Waters must have helped make it easier for him to flee the capital. Both Frank and Waters improperly intervened to secure taxpayer TARP bailout money for the corruptly-run Massachusetts bank, earning them placements on the 2010 “Most Wanted” list.

When asked about the scandal, Frank admitted that he spoke to a “federal regulator” but, according to The Wall Street Journal, “he didn’t remember which federal regulator he spoke with.” That seemed a lie at the time, so Judicial Watch investigated. Sure enough, according to explosive Treasury Department emails uncovered by Judicial Watch in 2010, it appears this nameless bureaucrat was none other than then-Treasury Secretary Henry “Hank” Paulson!

Frank will forever be tied to the implosion at Fannie Mae and Freddie Mac – and the resulting collapse of the housing market. Frank, a key member of Congress on the “take” from Fannie and Freddie, resisted any effort to subject the two Government Sponsored Enterprises to any effective oversight.

For example, during a hearing on September 10, 2003, before the House Committee on Financial Services considering a Bush administration proposal to further regulate Fannie and Freddie, Rep. Frank stated: “I want to begin by saying that I am glad to consider the legislation, but I do not think we are facing any kind of a crisis. That is, in my view, the two Government Sponsored Enterprises we are talking about here, Fannie Mae and Freddie Mac, are not in a crisis…I do not think at this point there is a problem with a threat to the Treasury.” Frank received $42,350 in campaign contributions from Fannie Mae and Freddie Mac between 1989 and 2008.

Frank’s corrupt behavior earned the attention of his congressional colleagues in 1990, when the House voted 408-18 to reprimand him for abusing his office to “fix” 33 parking tickets for Stephen Gobie, an acknowledged prostitute and former boyfriend of Barney Frank who had accumulated the tickets while driving Frank’s car. Frank wrote a memo intended to shorten probation for Gobie, who had been convicted of the sex and drug crimes of operating a gay prostitution ring out of the apartment he shared with Frank.

Frank also admitted in the book Reckless Endangerment that he helped yet another boyfriend gain a lucrative position with Fannie and Freddie, which is yet another abuse of office. When confronted on the controversy, Frank said, “If it is a [conflict of interest] then much of Washington is involved in [conflicts].”

That might be the most factual statement Barney Frank has ever made."

 
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CJH       1/1/2012 3:09:12 PM
And remember, the Democrats controlled both houses of Congress for nearly two years leading up to the mortgage meltdown, and they did absolutely nothing about the coming crisis.
 
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YelliChink       1/2/2012 3:36:59 PM


And remember, the Democrats controlled both houses of Congress for nearly two years leading up to the mortgage meltdown, and they did absolutely nothing about the coming crisis.


By the time they controlled both houses of the Congress, it was too late. There is nothing they could have done to prevent melt down from happening. The Republicans aren't clean off this one either. It was under the Republican watch when Glass-Steagall Act and Uptick rules were repealed.
And, don't blame the politicians alone. Way too many Americans want to flip the house with nothing putting down.
 
 
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