This morning, while scanning the blogs and reading the news, I chanced upon this on AOL’s homepage:
Given how AOL has been increasingly overprotective of Democratic partisans like the unhappy Mr. Frank, I was impressed that they were going to cover the man finally ‘fessing up to carrying water for the failed Government-Sponsored Enterprises (GSEs), Fannie Mae and Freddie Mac, as they were setting the stage in the 1990s and early 2000s, for the financial collapse of 2008.
Oh, but no, the HuffPo was highlighting something far less significant — and using it to show what a swell guy this Massachusetts Democrat is:
Quick-tongued Rep. Barney Frank (D-Mass.) is retracting a suggestion he made to cut the deficit by making Treasury Secretary Tim Geithner fly commercial.
That’s because Geithner already does, for the most part, although Frank had suggested in a letter that the country could save “millions” if the secretary would stop taking $150,000 military flights.
. . . .
Frank, who can be quick to point out flaws, was equally quick to be contrite when informed of the Treasury Department’s response.
Gosh, this guy is just so “quick to be contrite.” If Barney were a stand-up kind of guy, “quick to be contrite,” he’d admit the real big mistakes he made, mistakes which hurt our economy and cost taxpayers billions of dollars, you know, like thwarting Republican efforts to increase federal oversight over the government-backed mortgage giants.*
This isn’t news, just another HuffPo puff piece on a liberal Democrat. And it doesn’t merit a headline on a web-site’s home page — save if their purpose is to cheerlead for the Democratic Party. Much as Barney served as the chief congressional cheerleader for Fannie and Freddie.
You know, it just might be news to inquire into Barney’s relationship with a Fannie executive in the 1990s impacted his affection for the now bankrupt government-backed outfit. Wonder if the HuffPo has done that.
*As I wrote in May:
The Massachusetts Democrat repeatedly opposed Republican proposals for greater oversight of the GSEs, famously saying in 2003, “I do think I do not want the same kind of focus on safety and soundness that we have in OCC [Office of the Comptroller of the Currency] and OTS [Office of Thrift Supervision]. I want to roll the dice a little bit more in this situation towards subsidized housing. . . .“