Barney Frank: Goodbye and good riddance
Barney Frank is not seeking re-election. After 32 years the only openly homosexual member of Congress has decided to call it quits. Perhaps he figures he’s done his job and caused enough damage to this republic that it cannot be repaired.
After all, it was Barney Frank who stonewalled any attempt to reform Fannie Mae and Freddie Mac and relentlessly defended them over the years. It was those two organizations that were the epicenter of the financial meltdown of 2008 that ushered in the election of Barack Hussein Obama.
No one contributed more to the policies behind the housing boom and bust, which eventually led to financial disaster, than did he. Using his powerful position on the House of Representatives’ Committee on Financial Services he forced through legislation and policies which pressured the banks and other lenders to grant mortgage loans to those who did not meet traditional financial qualifications – “the underserved population” in politically correct newspeak – with quotas being given to Fannie and Freddie to buy even more of these riskier mortgages from the original lenders.
A little-publicized fact about the Fannie and Freddie debacle is that Frank was sexually involved with a Fannie Mae executive during a time when he was voting on laws affecting it. The final cost of the Fannie and Freddie debacle will run into the hundreds of billions of dollars but the true damage to the U.S. economy, and the world economy for that matter, is probably beyond calculation.
Whom did Frank blame for the housing meltdown after it became obvious even to him – and Fannie and Freddie’s role in it – why “right wing Republicans,” naturally.
It was Barney Frank who was reprimanded by the House for making misleading statements to a Virginia prosecutor on behalf a male prostitute for whom Barney had fixed numerous parking tickets. Frank denied knowing that his lover, a convicted drug dealer by the way, was running a prostitution business out of the congressman’s house.
It’s truly sad that not one of the nightly news network broadcast anchors mentioned Frank’s central role in the housing meltdown or his congressional reprimand. Not one.
Associated Press headlined, “Democratic Rep. Barney Frank Announces Retirement” and mentioned the reprimand but said nothing about Fannie and Freddie and the housing collapse.
ABC called Frank “one of the most familiar, powerful and colorful characters on Capital Hill.” NBC said, “Among his legacies – besides his legendary sharp tongue – he was the first member of Congress to publicly acknowledge he was gay, back in 1967.” As if that’s something of which to be proud. You probably don’t remember the furor when Congressman Dick Armey inadvertently called him “Barney fag.” The mainstream media was absolutely all in a dither, looking for the hanging rope, tar and feathers.
Thanks to the media’s love and respect, Barney Frank leaves congress with his head held high instead of what he deserves: the deep and widespread scorn of the American people.
But the news only gets worse. The Democrat in line to inherit his powerful house position is none other than hyper-leftie and Commie Rep. Maxine Waters, D-Calif., who famously said the Tea Party could “go straight to hell.”
Waters is currently under an ethics investigation herself for not disclosing her financial interest in a community bank for which she successfully obtained a bailout. Oh, and her husband is involved there as well. How swell for the American taxpayer.
After accusing, without evidence, oil companies of price fixing, she threatened to “socialize” them. Or, as she explained to the oil company execs, the government basically taking over and running their companies.
Well, you know, maybe we will miss Barney Frank after all.