Will Republicans Vote to Raise the Debt Limit for the Fannie Mae of Corporate Welfare?
“Click here to call your Congressman and make your voice heard. Tell him to let the Export-Import Bank charter expire.” The Export-Import Bank is a federal agency whose sole reason for existence is to use your tax dollars to subsidize sales of American manufactured goods to foreign buyers. It is nothing short of corporate welfare, and its business model (providing loans and loan guarantees at | Read More »
Turns Out Grover Norquist Lobbied For Fannie Mae and Freddie Mac
While heading Americans for Tax Reform, Grover Norquist founded the lobbying firm of Janus-Meritt Strategies with David Safavian, the former Chief of Staff of the General Services Administration (GSA) who was convicted of lying to prosecutors during the Abramoff scandal and sentenced to prison. Safavian’s conviction was recently upheld. One of the more interesting clients for Mr. Norquist was Fannie Mae. In 2000, Janus Merit | Read More »
Having Been Screwed By Fannie Mae, Barney Frank Now Plays the Race Card
Let’s recap: Barney Frank gets screwed by a Fannie Mae executive quite literally. Yep. You got me. After enjoying it so much, Frank then decided the nation needed to experience what had happened to him. Only the nation didn’t like it so much. Collectively, we don’t swing that way. Now, of course, we have the mortgage crisis. This is all related to Frank turning the | Read More »
Barney Frank thinks getting screwed by Fannie execs was so much fun, he let them do it to the taxpayer.
Earlier today, romantic connections between Democratic lawmaker Barney Frank and Fannie Mae executives1 were detailed in the media. During the 1990′s, Frank – who is openly gay – had romantic relationships with key Fannie Mae executives during his tenure on the House banking committee. Frank often explored Fannie; and in public, Frank maintained that Fannie Mae was a firm and robust organization. Supporters of Fannie | Read More »