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Having Been Screwed By Fannie Mae, Barney Frank Now Plays the Race Card

By: Erick Erickson (Diary)  |  October 7th, 2008 at 09:42 AM  | 

RESIZE: AAA

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.

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COMMENTS

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  • awtherfrd

    You have made me laugh out loud twice this morning. This one made me spit coffee.

    Please go for the three-peat.

  • speciallist

    you should have let that one go for a while..

    everybody can treat Erick like a woman for 15 min.

    Carry on..

  • BlueLandRed

    get hoisted by his own petard, but I do have to quibble with the your allegation and insinuation that he and he alone is responsible from preventing the Republicans from investigating this mess. I mean, in the past 8 years, the Dems have only held control of Congress for the past 2 years (plus 2 more in the Senate). Meanwhile the primary investigative branch of the federal government has been controlled by George Bush, who last I checked was a Republican.

    Creating this mess was a bipartisan effort and it’s one of the reasons I’m fence sitting this year after years of voting Republican, because I’m tired of just seeing the Republicans talk a good game and then go to DC and act worse then the Dems. Obviously, I can’t vote for Barry (not that my state is a swing state) and my representative is again essentially running unopposed.

    I’ve been reading some of the stuff over in that CessPool that is DKos and I will say that I did come across one piece that stuck me raw… they’re all working to elect “more and better Democrats” and while I’m sure I don’t agree with their definition of better, I’m thinking we need to do the same. We need more and better Republicans. Ones that actually will exercise Congress’ role in oversight and provide checks and balances against executive power and the power of their own leadership when the leadership is wrong.

    So, yes, let’s take out Barney Frank, but that alone isn’t going to fix Congress. We have far too many of our own that let this disaster happen and we need to honest about that and work to change them too.

    Anyway, sorry for venting, I’ll just shut up now and go back to lurking.

  • McPALINation

    AND THANK YOU FOR SPELLING IT OUT! I’m afraid I’m not just spittin’ coffee–I’m spittin’ pissed that so many in this country are so busy drinking “stop the Smears” koolaid, that they just don’t have time to ask questions: So yea, what about Barney Frank and company of fannie-buddies? What about all of these videos of congressional members, black, white, or purple (but mostly with “D” next to their names)being thanked by Fannie and Freddie execs, and saying for years now, there’s nothing wrong with Fannie and Freddie? What about this reporter being “detained” in Kenya while researching on Obama? What about this birth certificate business–is Nobama even a citizen of this country? What about hanging out with terrorists? What about working for ACORN? What about not knowing about what he wrote and thought while in college? What about his “bitter” half, and if anybody should be shouting the race card, it should be those of us having to put up with hearing the words “American” and “Whitey” skewed, spewed, and screwed out from their blue liar-lips–YEA WE DON’T SWING DAT WAY, AND I’M MAD AS HELL THAT WE DON’T SEEM TO BE “COLLECTED” AT ALL–somehow we got outnumbered here by just urging, “Stop the Smears” ?!?!? What the he–?! I am worried for my children here guys–please help me understand how we woke up on a different planet–

  • MikeO

    The race card is the other third rail of national politics, and the Democrats played it to the hilt in defense of the GSEs and in defense of their taps into the big subprime money floating around out there.

    But these idiots blew it when they forgot to bring a few Republican and/or popular hero legislators along as hostages like the Keating Three did with Senators McCain and Glenn.

    Even if it does emerge that some Republicans are dirty in all of this, Senator McCain’s trigger finger seems to itch more when there’s a fellow GOPer in the sight picture.

  • Old_Crow

    into the FNM/FRE mess? Appoint a Special Prosecutor perhaps. Why are we chicken to to anything but talk, and the only one talking is Senator McCain. Where are the conservative Senators and Congressmen? Why aren’t they DEMANDING and investigation into ACORN etc.

    We act weak, then complain when the guilty are not held accountable. Perhaps we need some folks with stronger spines to represent us.

  • cawest

    To suggest that Barney Frank is solely responsible for this mess is not really fair or balanced. Can anyone name who was in charge before Frank for oversight of FM/FM? The fact of the matter is a lot of well intentioned people tried to make it easier for minorities to realized the american dream of owning a home. Unfortunately, it created a loophole that allowed the greed and lasciviousness that have led to this financial meltdown.