Wed, Oct 8, 2008 6:25pm ET

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Fox News' Sammon ignores contrary evidence in suggesting that Rep. Frank allowed personal relationship to affect his oversight of Fannie Mae

Summary: On The O'Reilly Factor and in a FoxNews.com article, Bill Sammon suggested that Rep. Barney Frank allowed his relationship in the 1990s with Herb Moses, a Fannie Mae official at the time, to improperly influence his conduct as a member of the House Financial Services Committee. However, in his article, Sammon cited only an anonymous Republican congressional staffer and a member of the conservative Media Research Center. Sammon also misrepresented Frank's record by reporting that Frank "spent years blocking GOP lawmakers from imposing tougher regulations" on Fannie Mae and Freddie Mac without noting that during the period in question, Frank supported legislation to increase regulation of Fannie Mae and create a government regulatory agency that would oversee some aspects of the company.
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Posted by wzwriter

No one can ever accuse Faux News of letting the facts get in the way of a story.....

Posted Wednesday October 8, 2008 6:26:53 PM EDT / Flag this comment

Posted by fmbanker87

How can we know that Franks did not turn a blind eye, or even help his boyfriend get what he wanted. It wouldn't be the first time in history that a person helped his/her lover even if it involved a conflict of interest or worse.

Posted Wednesday October 8, 2008 7:40:02 PM EDT / Flag this comment

Posted by eweston8542983

Amazing how quickly they can dive into a complex subject and quickly find the right democrat to blame. An astoundingly breathlessly untireable effort, for you, the consumer. Say thank you. Don'tcha just love unfettered, unshackled, unspeakable, unexamined capitalism?

Posted Wednesday October 8, 2008 7:49:07 PM EDT / Flag this comment

Posted by nerzog in reply to eweston8542983

It is amusing to watch Republicans pretzelize themselves in their attempts to blame poor black people and Democrats for the current mess.  From what I understand, Democrats do share some of the blame, but the monstrous scale of the crisis is due more to Wall Street greed and lack of oversight than anything else.  They took a program designed to help people afford homes and turned it into an elaborate Ponzi scheme.  Let's go back over the past few years and see who looted the system for billions before we blame the poor people who are losing their homes.

Posted Thursday October 9, 2008 9:34:55 AM EDT / Flag this comment