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News & Current Events Discuss Frank says GOP housing attacks racially motivated at the General Forum; Frank says GOP housing attacks racially motivated BOSTON - Rep. Barney Frank said Monday that Republican criticism of Democrats over ...

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Old 10-07-2008, 02:05 AM
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Default Frank says GOP housing attacks racially motivated

Frank says GOP housing attacks racially motivated

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BOSTON - 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.

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.

"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."
Identity politics...

They wouldn't have it any other way...
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Old 10-07-2008, 01:48 PM
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Default Re: Frank says GOP housing attacks racially motivated

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Originally Posted by cnredd View Post
Frank says GOP housing attacks racially motivated

Identity politics...

They wouldn't have it any other way...
Don't you just love it when people assume that blacks by default are "America's poor"?? Talk about prejudice and bigotry....
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Old 10-07-2008, 03:49 PM
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Default Re: Frank says GOP housing attacks racially motivated

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Originally Posted by cnredd View Post
Frank says GOP housing attacks racially motivated

Identity politics...

They wouldn't have it any other way...
What a douchebag.




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Old 10-07-2008, 07:27 PM
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Post Re: Frank says GOP housing attacks racially motivated

Not to excuse his statement, which I find repugnant...

But I can't help but wonder if he's just plain floundering under the newly developed attention. His quote from a couple years ago regarding Fannie and Freddie's status has hopefully become infamous.
And of course, I imagine blaming Republicans to cover your own %@#$-up has got to be a plus for him...

I think I would be either fascinated or mortified to know how many people fell for his recent b.s. statement.
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Old 10-08-2008, 12:11 AM
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Default Re: Frank says GOP housing attacks racially motivated

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Originally Posted by cnredd View Post
Frank says GOP housing attacks racially motivated

Identity politics...

They wouldn't have it any other way...
Frank is playing to his constituency here, but he is correct that the Republicans are blaming this on poor people, when we all know someone who is not what you could call poor, but bought a 300 thou house when they could only afford a 100 thou.
The fact we are talking about such figures boggles the hell out of my mind. I haven't seen a house except maybe a movie star mansion that is worth 100 thousand bucks.
But that was the perception which is what all sales are based on.
Good. Still you and I can add and subtract and we know we can afford X but not X times 3. Who would take such a chance? Someone who was looking to turn this house over and those were mostly not poor people.
But they might be poor now. That makes me smile
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Last edited by saltwn; 10-08-2008 at 12:11 AM.. Reason: spl
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