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October 3, 2008
Barney Frank's Gay Lover Was An Executive with Fannie Mae From 1991 to 1998.
Topics:This seems like a big-time conflict of interest to me: Unqualified home buyers were not the only ones who benefited from Massachusetts Rep. Barney Franks efforts to deregulate Fannie Mae throughout the 1990s.
So was ole Barney, you know - not sure how to put it any other way - "double dipping" - so to speak?
Related: Media Mum on Barney Frank's Fannie Mae Love Connection
Posted by Richard at October 3, 2008 7:20 PM
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Question: We are seeing more and more stories like the one below. Is this our next "bubble"?
California is locked into extremely generous labor contracts which not only offer high salaries and benefits to groups such as prison guards (many of whom earn six figures with overtime -- not bad for a job which does not require college) and bureaucrats, but which promise generous retirement benefits, including gold plated health care for life. Years ago, a study concluded that state employees were paid about 30% more than their private sector counterparts for jobs of comparable skill level and responsibility. And California state employees are not widely renowned for their competence or hard work. To say the least.
Posted by: Rex at October 4, 2008 2:40 AM
Question: I've been seeing more and more stores like the one below. Is this the next big "bailout or bubble"?
California is locked into extremely generous labor contracts which not only offer high salaries and benefits to groups such as prison guards (many of whom earn six figures with overtime -- not bad for a job which does not require college) and bureaucrats, but which promise generous retirement benefits, including gold plated health care for life. Years ago, a study concluded that state employees were paid about 30% more than their private sector counterparts for jobs of comparable skill level and responsibility. And California state employees are not widely renowned for their competence or hard work. To say the least.
http://www.americanthinker.com/blog/
Posted by: Rex at October 4, 2008 2:43 AM
A little off topic there, Rex, but I do believe we are going to see such a bubble - given the Democrat-driven advent of socialism moving like a dark cloud over what is our rapidly disappearing free market system.
Posted by: Mike in Iraq at October 4, 2008 8:39 AM
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Filip
Posted by: HabeDell at November 4, 2008 8:23 PM
















