From the Desk of Judicial Watch President Tom Fitton:
If you listen to Rep. Barney Frank (D-MA) defend his role in the meltdown of Fannie Mae and Freddie Mac, he was just as blindsided as the rest of us when the two government sponsored enterprises collapsed, triggering the financial crisis.
Frank has been peddling this fiction ever since the economy collapsed in September 2008. But as the The Boston Globe notes in a new, devastating article published on October 14, not many people are buying Frank’s lies anymore. And Frank knows it. He’s facing a surprisingly tough reelection fight, so he’s on an apology tour through the media to save his seat. (Judicial Watch does not endorse or oppose candidates for public office.)
Here’s an excerpt from the Globe piece (although I highly recommend you read the article in full):
In the political shell game the Obama administration continues to play on the American voter, they continue to demonize Wall Street bankers as “greedy.” This of course is to minimize the progressive blunders of Jimmy Carter and Bill Clinton’s ultimate shake down of financial institutions to loan money to potential home owners that would never be able to meet their financial obligations through the GSA’s (Government Sponsored Agencies) of Fannie and Freddie thus resulting in the housing melt down which Franks assures us below could never happen.
While Democrat members repeatedly lied under oath at committee meetings held in 2004 during the Bush Administration. These same Democrats, all of whom received campaign contributions from Fannie Mae, were told FM&FM were in precarious position. The Republican committee members were assured by Barney Frank, Maxine Waters, Chris Dodd, and Gregory Meeks, this was not the case. It’s time to get rid of members of congress that continue to lie to their constituents.
That’s my story and I’m sticking to it, I’m J.C.
The American Thinker
This was a district carved out for Barney by the MA legislature and is considered one of the most Democratic and liberal districts in the country.
Press Office 202-646-5172, ext 305
In case you missed this, let’s just call this when good things happen to corrupt, evil and very bad people. Random thoughts on the passing parade, I’m J.C.
Judicial Watch, the public interest group that investigates and prosecutes government corruption, today released its 2009 list of Washington’s “Ten Most Wanted Corrupt Politicians.” The list, in alphabetical order, includes:
- Senator Christopher Dodd (D-CT): This marks two years in a row for Senator Dodd, who made the 2008 “Ten Most Corrupt” list for his corrupt relationship with Fannie Mae and Freddie Mac and for accepting preferential treatment and loan terms from Countrywide Financial, a scandal which still dogs him. In 2009, the scandals kept coming for the Connecticut Democrat. In 2009, Judicial Watch filed a Senate ethics complaint against Dodd for undervaluing a property he owns in Ireland on his Senate Financial Disclosure forms. Judicial Watch’s complaint forced Dodd to amend the forms. However, press reports suggest the property to this day remains undervalued. Judicial Watch also alleges in the complaint that Dodd obtained a sweetheart deal for the property in exchange for his assistance in obtaining a presidential pardon (during the Clinton administration) and other favors for a long-time friend and business associate. The false financial disclosure forms were part of the cover-up. Dodd remains the head the Senate Banking Committee.
- Senator John Ensign (R-NV): A number of scandals popped up in 2009 involving public officials who conducted illicit affairs, and then attempted to cover them up with hush payments and favors, an obvious abuse of power. The year’s worst offender might just be Nevada Republican Senator John Ensign. Ensign admitted in June to an extramarital affair with the wife of one of his staff members, who then allegedly obtained special favors from the Nevada Republican in exchange for his silence. According to The New York Times: “The Justice Department and the Senate Ethics Committee are expected to conduct preliminary inquiries into whether Senator John Ensign violated federal law or ethics rules as part of an effort to conceal an affair with the wife of an aide…” The former staffer, Douglas Hampton, began to lobby Mr. Ensign’s office immediately upon leaving his congressional job, despite the fact that he was subject to a one-year lobbying ban. Ensign seems to have ignored the law and allowed Hampton lobbying access to his office as a payment for his silence about the affair. (These are potentially criminal offenses.) It looks as if Ensign misused his public office (and taxpayer resources) to cover up his sexual shenanigans.
- Rep. Barney Frank (D-MA): Judicial Watch is investigating a $12 million TARP cash injection provided to the Boston-based OneUnited Bank at the urging of Massachusetts Rep. Barney Frank. As reported in the January 22, 2009, edition of the Wall Street Journal, the Treasury Department indicated it would only provide funds to healthy banks to jump-start lending. Not only was OneUnited Bank in massive financial turmoil, but it was also “under attack from its regulators for allegations of poor lending practices and executive-pay abuses, including owning a Porsche for its executives’ use.” Rep. Frank admitted he spoke to a “federal regulator,” and Treasury granted the funds
- Continue reading
Posted in Judicial Watch Announces List of Washington's "Ten Most Wanted Corrupt Politicians" for 2009
Tagged Barack Obama, BURRIS, dodd, ensign, Frank, GEITHNER, Holder, Jesse Jackson, JOHN MURTHA, Nancy Pelosi, RANGEL, Top Ten list