I also wrote about this 5 days ago demanding he also be prosecuted and removed from office for his role in this scandal hitting the MSM finally as they simply cannot keep their heads buried in the sand any longer, they can't/
Barney Frank helped controversial black-owned bank gain money -
BostonHerald.com: "U.S. Rep. Barney Frank yesterday defended helping Boston’s OneUnited Bank land $12 million in federal funding, despite regulatory complaints its executives were getting “excessive” pay and even a Porshe for its CEO.
Frank, head of the powerful House Financial Services Committee, acknowledged that last fall he inserted into the government’s $700 billion Troubled Assets Relief Program bill specific language to help OneUnited, New England’s only black-owned bank.
He also said he contacted someone at the Treasury Department about OneUnited’s application for emergency TARP funds, though he insisted he never asked Treasury to bend any rules on behalf of
“I believe it would have been a very big mistake to put the only black bank out of business,” Frank said in an interview.
OneUnited was financially reeling from the federal government’s takeover of Fannie Mae and Freddie Mac, both of which had their shares wiped out by the government action. OneUnited owned substantial shares in the two mortgage giants, Frank said. continued
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