Washington,DC/Gay Times - New information emerged today that while Rep. Barney Frank, member of the House Banking Committee repeatedly blocked reform legislation to reign in rogue lending institution Fannie Mae, he was slipping it to his executive lover.
"Buggergate",as some tax watch dogs are calling the news, gives additional new insight into the Democrat backed policies which have bankrupted the country and caused a global financial meltdown leaving taxpayers to take it up the butt.
Herb Moses who served at Fannie Mae openly called himself Barney's lover and "spouse" while sharing the Congressman's home until 1998.
Frank claimed that their openly gay relationship "posed no conflict of interest."
Meanwhile Moses was responsible for pushing lower and lower guidelines to assure that non-credit worthy applicants continued to get more and more risky loans. Included in the package continuously pushed by Frank were loans on 2-3 family homes by borrowers who were defaulting at 5 times the rate of single family home owners.
In an even more shocking revelation, former President Bill Clinton also blamed Frank and other Democrats feeding out of the Fannie Mae Trough in resisting even HIS efforts to reign in the madness as early as 1994.
Meanwhile Frank continues to blame the GOP for the mortgage excesses that have led to the financial crisis, playing the Gay Card, and daring the American Public to call him on his blatant ineptness and flip response to solving the monumental problem he was instrumental in causing.
As one political watcher stated, "a lot of good people fought and even died for Gay Rights and the end of Segregation..and now you have professional politicians who are Minorities daring you to challenge them on their ethics or motives."
A Washington insider reported that Barney now has his roving eye on a member of the House Ethics Committee to hedge his bets, and was recently seen shopping for a new bedspread to spruce up his Washington Love Nest.
Other residents of the expensive DC condo said Frank hadn't redecorated since Steve Gobie, the male hooker who he employed and backed in the Gay Hooker Escort Service operating from his residence finally went back to jail.
"We've seen a lot of guys coming and going in Barney's unit the past few weeks," a resident said, "they look like interior decorators,but they could have just as well been guys willing to prostitute themselves for a No Doc loan!"