[quote=investor] Barney frank was also having an affair with the head of either freddie or fannie at the same time they were being pressured to allow low income people (minorities amoung them) access to mortgages that they could not pay back. [/quote]
In debate we’d say that begs the question. In court we’d say you are presuming facts not yet in evidence.
Frank acknowledged his relationships, it wasn’t an affair. Both were single, and it lasted most of the ’90s. How was that relationship even related to the subprime crisis? (It ended many years ago.)
I’m reasonably sure there is no evidence that either Fannie or Freddie were ever “pressured to allow low income people (minorities amoung them) access to mortgages that they could not pay back”. Who is “they” that applied the pressure for that specific action? Precisely when do you believe this happened? Was it when Frank was sponsoring legislation to limit that very thing in 2004? Or was it in 2002 when the foreclosure rate on almost all loans was close to zero? Or was it even earlier, while he was voting against Gramm–Leach–Bliley and he actually had a relationship with a Fannie employee?
