By reversing himself on Fannie and Freddie, has Frank given his critics a political gift?
On Tuesday, in an interview with Niel Cavuto, Barney Frank made an amazing statement:
“I hope by next year we’ll have abolished Fannie and Freddie. It was a great mistake to push lower-income people into housing they couldn’t afford and couldn’t really handle once they had it. I had been too sanguine about Fannie and Freddie.â€
Frank has for years been a strong supporter for Fannie Mae, Â Freddy Mac and affordable housing programs.
The Bielat campaign wasted no time in capitalizing on Frank’s remarkable reversal, making an ad contrasting Frank’s previous statements. The video has been getting a lot of play for an online campaign ad – over sixteen thousand views in just a few days.
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Is it fair?
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