I am mystified by Barney Frankโs desire to recall the AIG execsโ bonuses, not so much over the idea that corporate-welfare recipients should not have grandstanding demagogues chastising them for their hypocrisy, but rather the notion that someone of Frankโs ethical past would play Old-Testament railing prophet. Quite aside from his former partners (the gigolo fellow who used Frankโs facilities for illegal activities, and the other boyfriend Herb Moses โ self-described as part of the โcongressional gay-spouse caucusโ โ who, as an exec, was helping to make Fannie policy at the very time Frank was voting on its appropriateness), Frank received more than $40,000 in campaign contributions from the bankrupt Freddie and Fannie, despite his own role as supposed fiscal watchdog on the House Financial Services Committee.
A modest suggestion? Let us agree on the following: No more corporate fat cats partying, jetting, and bonusing around after their tottering companies got federal cash; and all congressional-people and senators who took any contributions from any corporate or quasi-government entity that is a recipient of federal bailout money, must pay that money back, plus interest, to the government. After all, as in the Madoff mess, these congressional-people usually got the cash at a time when their benefactors were already in trouble, albeit hiding their fraudulent or unethical practices through cooked statements and high living. So please, Representative Frank, Senator Dodd, and all the rest โ give back all that campaign cash to our government, and then in silence endure what you helped to conceive.






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