But wait, there's more. NR also notes: " Frank was sexually involved with a Fannie Mae executive during a time when he was voting on laws affecting the organization.
UCLA political science professor and economist Tim Groseclose estimates that the pro-liberal mainstream media add 8 to 10 percentage points to the ratings of a Democratic candidate in a typical election. The bias comes in many forms, including simply leaving relevant things out, thus helping to shape public opinion that aids Democrats and hurts Republicans.
The coverage of Frank's retirement shows how this is done. They wouldn't. At a 43 percent Gallup approval rating, President Barack Obama presently governs with the worst approval rating at this juncture of any president since Harry Truman -- including Jimmy Carter, whose popularity temporarily spiked after the Iran hostage crisis. Imagine where Obama's numbers would be if the media did not serve as a public-relations arm of the administration. But thanks to the media's love and support, the bullying Congressman Frank gets to leave Congress with his head high instead of what he deserves -- the deep and widespread scorn of the American people.
The ranking Democrat who stands to inherit his position on the powerful House Financial Services Committee is none other than hyper-lefty Rep. Maxine Waters, D-Calif.
Waters is currently under an ethics investigation for not disclosing her financial interest in a community bank for which she successfully obtained a bailout. After accusing, without evidence, oil companies of price fixing, she threatened to "socialize" them -- or, as she explained to the oil execs, "Basically, taking over and the government running all of your companies.
Don't Govern on Fantasies E. Larry Elder Author Archive.
Follow Real Clear Politics. Chairman, we do not have a crisis at Freddie Mac, and in particular at Fannie Mae, under the outstanding leadership of Mr. Frank Raines.
Fannie Mae and Freddie Mac are just fine — especially our old buddy Frank Raines over there, everything is okay. ROYCE: In addition to our important oversight role in this committee, I hope that we will move swiftly to create a new regulatory structure for Fannie Mae, for Freddie Mac, and the federal home loan banks.
No way! They were not about to have it portrayed that anything they were in charge of was in any kind of trouble, Fannie Mae or Freddie Mac. Why should anyone have confidence in, in you as a regulator at this point?
Freddie Mac did. OFHEO did not try to manage earnings improperly. And if there was, it was Republicans. Christopher Shays then asked a question.
You saying Franklin Raines is doing a bad job? What are we talking about here?
Fannie Mae, Freddie Mac, they are fine.