Barney Frank`s Friends with Benefits

If you want to
watch a corruptocrat start sputtering like Porky Pig
with allergies, confront him with three simple words:
conflict of interest. Asked this week about his role in
securing an ex-lover`s highly coveted job at government
mortgage giant

Fannie Mae,
Massachusetts Democratic Rep. Barney
Frank retorted:

"Aba-dee aba-dee aba-dee aba-dee."

Or that`s what
it sounded like, anyway. Frank was rather miffed about
the recent disclosure that he helped former lover Herb
Moses land a job with the behemoth lender while sitting
on a House committee that regulates lenders a decade
ago. The Boston Herald reported Thursday that Frank
immediately invoked the Everybody Does It card:
"It is a common
thing in Washington for members of Congress to have

work for the federal government. There is no rule against it at all."

Frank then
switched to the Everybody Knew defense:
"It was widely
known. It was out there in the public."

Next, he
dismissed any controversy about his ethical judgment
with the Nobody Cares shield:
"It`s nonsense."

No doubt he`ll
spring the Homophobia Card on critics at an opportune
moment to ice his multitiered cake of excuses.

Funny thing. Not
too long ago, it was Frank himself counseling fellow
Democratic scandal magnet Rep. Maxine Waters to butt out

Boston-area OneUnited Bank`s bid for $12 million in
federal TARP bailout funds
because of
conflict-of-interest odors. Waters` husband,

Sidney Williams,
was an investor in one of the banks
that merged into OneUnited and owned stock holdings
estimated at $350,000.


exact words to Waters
"You should stay
out of it. … You should stay away from this."

Waters didn`t
listen. The House ethics committee charged her with
several ethics violations (though no trial has yet been
scheduled). Frank nearly broke his arm patting himself
on the back and pronouncing himself
after the charges were filed last year.

But where was
Mr. Clean when his own sleazy dalliances needed

While head of
the House Financial Services Committee in 2009, amid
economic upheaval across the country, Frank was
jet-setting with hedge-fund mogul and TARP beneficiary
S. Donald Sussman to his private Caribbean resort. The
foxes in the House Ethics henhouse granted what they
called "unusual"
permission for the jaunt because Frank`s partner, Jim
Ready, is close pals with Sussman. When Republicans
raised questions about ethical improprieties,
Frank—whose party has perfected the art of class warfare
demagoguery—whinnied that it wasn`t a crime to have
wealthy friends.

What should be
criminal is the Democratic friends and fat cats
protection racket run by the Fannie Mae and Freddie Mac
overlords. While political operatives have raked in tens
of millions of dollars in directors` fees and lavish
compensation packages, the government-sponsored lenders
have bled billions and will soak up an estimated $400
billion in bailout funds. Financial journalist Gretchen
Morgenson reported this week that Frank

"was very
aggressive and really tough"
on Fannie critics
after the corrupt institution
"rolled out the
red carpet"
for his ex-lover. After his friend with
crony benefits broke up with him, Frank remained a
dogged Fannie defender.

Sneering at
financial reformers

before a 2003 House hearing,
Frank asserted:
"I want to begin
by saying that I am glad to consider the legislation,
but I do not think we are facing any kind of a crisis.
That is, in my view, the two government-sponsored
enterprises we are talking about here, Fannie Mae and
Freddie Mac, are not in a crisis. … I do not think at
this point there is a problem with a threat to the

Not that such
spectacular bad judgment and lack of foresight should be
any surprise coming from a politician whose early career
was punctuated by a formal reprimand for using his
office to fix another lover/prostitute`s parking tickets
and lying about his criminal probation history. As a
cocky Frank said at the time of that scandal:
“I think members of Congress rise or fall on their own
individual records.“
Eventually, yes.


Michelle Malkin

is the author of

Invasion: How America Still Welcomes Terrorists,
Criminals, and Other Foreign Menaces to Our


for Peter Brimelow`s review. Click


for Michelle Malkin`s website. Michelle Malkin
is also author of

Unhinged: Exposing Liberals Gone Wild

and the just-released

Culture of Corruption: Obama and his Team of Tax Cheats, Crooks & Cronies.