Barney Frank and his liberal allies in Congress have more explaining to do.
Now they want to do the same to the Chicago Mercantile Exchange.
While apparently common knowledge in Washington for some time, the relationship between Barney Frank and Herb Moses was only brought to national attention last evening by Bill OReilly.
It almost makes you wonder if Barney Frank isn’t just dating that dude from Fannie Mae, but Chris Dodd too. Dodd has business interests related to the Chicago Mercantile Exchange that will profit from these new regulations.
Together, they brought us the financial crisis relating to Fannie and Freddie. Frank says this “will deal with regulations of financial derivatives market associated with reducing carbon emissions.” Over at the Next Right, Ironman points out that Mrs.
Well now we know for certain that Congress was made aware of the massive problems at Fannie Mae and Freddie Mac going back at least six years.