Rep. Frank helped land partner Fannie Mae employment

WASHINGTON - Rep. Barney Frank, said Thursday he has contributed to his then-partner land employment with Fannie Mae in the 1990s while Frank served on the House Panel overseeing the mortgage company.

Said Democratic Massachusetts that he had rented the Herb Moses qualities when an officer of Fannie Mae was approached and asked about Moses. Frank said the Executive, Gerald r. McMurray, had previously worked on Capitol Hill and knew that Frank and Moses were family partners.

"I said: ' Yeah, I think (Moses) is great.". Here is his story, check, he ' "Frank recalled in a telephone interview with the Associated Press."

Said Frank which is the only contact he had with Fannie Mae on Moses and employment, an entry-level analyst position. A Fannie Mae spokeswoman declined to comment on.

Frank, a member of the House Financial Services Committee, was responding to a new book on the financial crisis, "reckless endangerment," which for the first time his role in helping the Moses to carry out the work.

The cited book Moses hires friendships that flourished between the Congress and Fannie Mae, as he attempted to win favourable treatment of legislators who oversaw the ready giant as an example.

Frank called for any question concerning a conflict of interest "ridiculous". Congress at the time was considering legislation to improve the supervision of the Agency of the mortgage.

The Member of Congress said that many members of Congress have spouses who work for the Federal Government.

"It is a very common thing," said Frank. "There is no rule against it." Washington is a very small community. ?

Frank said that it was not a member of the Subcommittee which deals directly with legislation on Fannie Mae when Moses works. He also said that when the financial services Commission was formerly regarded as a measure which would have limited the Executive compensation at Fannie Mae it simply voted "present" and made a public statement on participating does not to vote because that partner works.

Moses, who had already worked as an economist in the Department of Agriculture, had just obtained an MBA from the Amos Tuck School of Business at Dartmouth before he was hired by Fannie Mae in 1991. Moses left Fannie Mae at the time he and Frank split in 1998.