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Stanley Kurtz: Everything That Guy Just Said Is Bullshit
October 06, 2008

Barney "Fannie Buddy" Frank: Noting That Subprime Mortgage Crisis Was Caused By, Erm, Subprime Mortgages Is (Wait For It)... Racist

Well of course it is, darling.

Rep. Barney Frank said Monday that Republican criticism of Democrats over the nation's housing crisis is a veiled attack on the poor that's racially motivated.

The Massachusetts Democrat, chairman of the House Financial Services Committee, said the GOP is appealing to its base by blaming the country's mortgage foreclosure problem on efforts to expand affordable housing through the Community Reinvestment Act.

"They get to take things out on poor people," Frank said at a mortgage foreclosure symposium in Boston. "Let's be honest: The fact that some of the poor people are black doesn't hurt them either, from their standpoint. This is an effort, I believe, to appeal to a kind of anger in people."

And it's also homophobic to note that, at the time you were supposed to be overseeing Fannie Mae, you were, um, romantically involved with one of its executives specifically in the field of expanding subprime mortgages to credit-poor buyers.

So, while you were supposed to be overseeing this guy, you were instead taking it up the squeakhole from him with the manic hydraulic fury of a tricked-out V-12 jackhammer with a short-circuiting regulator run by an epileptic Con Ed worker with an ancestral vow of vengeance against asphalt.

Oh: I forgot to mention: It's also racist to mention rich whitebread suburban doucheholster Bill Ayers.

Says Obama?


Says the neutral news organization the AP.

More parroting of Obama talking points by the AP on this issue.

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