Senior Obama administration officials are debating how to address a potential terrorist threat to U.S. interests from a Somali extremist group, with some in the military advocating strikes against its training camps. But many officials maintain that uncertainty about the intentions of the al-Shabab organization dictates a more patient, nonmilitary approach.
Al-Shabab, whose fighters have battled Ethiopian occupiers and the tenuous Somali government, poses a dilemma for the administration, according to several senior national security officials who outlined the debate only on the condition of anonymity.
The organization's rapid expansion, ties between its leaders and al-Qaeda, and the presence of Americans and Europeans in its camps have raised the question of whether a preemptive strike is warranted. Yet the group's objectives have thus far been domestic, and officials say that U.S. intelligence has no evidence it is planning attacks outside Somalia.
An attack against al-Shabab camps in southern Somalia would mark the administration's first military strike outside the Iraq and Afghanistan-Pakistan war zones. The White House discussions highlight the challenges facing the Obama team as it attempts to distance itself from the Bush administration, which conducted at least five military strikes in Somalia. The new administration is still defining its rationale for undertaking sensitive operations in countries where the United States is not at war.
Some in the Defense Department have been frustrated by what they see as a failure to act. Many other national security officials say an ill-considered strike would have negative diplomatic and political consequences far beyond the Horn of Africa. Other options under consideration are increased financial pressure and diplomatic activity, including stepped-up efforts to resolve the larger political turmoil in Somalia.
The most recent discussion of the issue took place early this week, just before the unrelated seizure of a U.S. commercial ship in the Indian Ocean by Somali pirates who are holding the American captain of the vessel hostage for ransom.
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WASHINGTON — Unqualified home buyers were not the only ones who benefitted from Massachusetts Rep. Barney Frank’s efforts to deregulate Fannie Mae throughout the 1990s.
So did Frank’s partner, a Fannie Mae executive at the forefront of the agency’s push to relax lending restrictions.
Now that Fannie Mae is at the epicenter of a financial meltdown that threatens the U.S. economy, some are raising new questions about Frank's relationship with Herb Moses, who was Fannie’s assistant director for product initiatives. Moses worked at the government-sponsored enterprise from 1991 to 1998, while Frank was on the House Banking Committee, which had jurisdiction over Fannie.
Both Frank and Moses assured the Wall Street Journal in 1992 that they took pains to avoid any conflicts of interest. Critics, however, remain skeptical.
"It’s absolutely a conflict," said Dan Gainor, vice president of the Business & Media Institute. "He was voting on Fannie Mae at a time when he was involved with a Fannie Mae executive. How is that not germane?
"If this had been his ex-wife and he was Republican, I would bet every penny I have - or at least what’s not in the stock market - that this would be considered germane," added Gainor, a T. Boone Pickens Fellow. "But everybody wants to avoid it because he’s gay. It’s the quintessential double standard."
A top GOP House aide agreed.
"C’mon, he writes housing and banking laws and his boyfriend is a top exec at a firm that stands to gain from those laws?" the aide told FOX News. "No media ever takes note? Imagine what would happen if Frank’s political affiliation was R instead of D? Imagine what the media would say if [GOP former] Chairman [Mike] Oxley’s wife or [GOP presidential nominee John] McCain’s wife was a top exec at Fannie for a decade while they wrote the nation’s housing and banking laws."
Frank’s office did not immediately respond to requests for comment.
Frank met Moses in 1987, the same year he became the first openly gay member of Congress.
"I am the only member of the congressional gay spouse caucus," Moses wrote in the Washington Post in 1991. "On Capitol Hill, Barney always introduces me as his lover."
The two lived together in a Washington home until they broke up in 1998, a few months after Moses ended his seven-year tenure at Fannie Mae, where he was the assistant director of product initiatives. According to National Mortgage News, Moses "helped develop many of Fannie Mae’s affordable housing and home improvement lending programs."
Critics say such programs led to the mortgage meltdown that prompted last month’s government takeover of Fannie Mae and its financial cousin, Freddie Mac. The giant firms are blamed for spreading bad mortgages throughout the private financial sector.
Although Frank now blames Republicans for the failure of Fannie and Freddie, he spent years blocking GOP lawmakers from imposing tougher regulations on the mortgage giants. In 1991, the year Moses was hired by Fannie, the Boston Globe reported that Frank pushed the agency to loosen regulations on mortgages for two- and three-family homes, even though they were defaulting at twice and five times the rate of single homes, respectively.
