Last Refuge of a Scoundrel

Barney Frank is as responsible as anyone for the current credit crisis, having run interference for Freddy Mac and Fannie Mae's disastrous policies for years. Having now, finally, come under criticism for his role in the Fanny/Freddy/subprime fiasco, Frank has resorted to the most contemptible of dodges: 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... [read full story]                    

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