Turns out Barney Frank, from 1991-1998, while actively involved in the finance committee responsible for Fannie Mae’s oversight, had a gay live-in Lover who was a high ranking executive at Fannie Mae.
Frank is on the record insisting that these GSE’s were not taking on unnecessary risk, that there was no need to add new layers of regulation, and for some reason, this latest revelation is not deemed a major conflict of interest?
The official parted ways with both Fannie Mae, and Barney Frank, in the same year. But years later a,fter even more deception and incompetnece (By Frank, Dodd, and their Party) now we are the ones taking it up the Fannie.