Barney Frank’s Crony Boyfriend Placement Help Lead to Financial Meltdown

“Frank admits” in relaying a story that the most senior openly gay member of Congress “used his influence” as a member of a House finance committee to “land a job at Fannie Mae” in 1991 for his then-lover Herb Moses.

Fannie Mae did hire Moses, who was just out of business school at Dartmouth. The company gave him an entry level position as assistant director for product initiatives. Two of Moses’ initiatives, said the book, “involved relaxing Fannie Mae’s restrictions on home improvement loans and small farm mortgages.” Moses left the company seven years later, at about the same time he and Frank broke up.

via Book alleges Frank pressed Fannie Mae to hire companion | Keen News Service.

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