Let’s recap: Barney Frank gets screwed by a Fannie Mae executive quite literally. Yep. You got me.
After enjoying it so much, Frank then decided the nation needed to experience what had happened to him. Only the nation didn’t like it so much. Collectively, we don’t swing that way. Now, of course, we have the mortgage crisis. This is all related to Frank turning the other way while Fannie Mae and Freddie Mac did their deed on the nation.
Today, hoping to distract the media from the orgy of homownership problems caused by Frank, Fannie, and Freddie (yeah, the typo is me having some fun at Barney’s expense), Barney has thrown down the race card . . . er . . . is that “wace” card, being that it’s Barney talking?
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.
He said that blame is misplaced, because those loans are issued by regulated institutions, while far more foreclosures were triggered by high-cost loans made by unregulated entities.
Boo-freakin-hoo, Barney Frank. You let your gay lover get away with a heaping pile of fiscal recklessness at Fannie Mae, blocked the Republicans from investigating and curtailing the actions, and now we’re having to clean up the mess. You can’t play the race card on this one, Barney. This is all you.