Anyone who made the easy prediction that the Associated Press would fail to bring up Fannie Mae or Freddie Mac in its fawning tribute to Barney Frank after his retirement announcement yesterday was correct. Anyone making the easy prediction that the AP would lionize him as a "gay pioneer" was also spot-on.
Also predictably, the wire service's Bob Salsberg and David Espo failed to mention that Frank advocated abolishing Fan and Fred as a dishonest survival tactic during his final reelection campaign in 2010, and of course did nothing visible to make that happen this year. What's really odious in this regard is that the AP pair gave him credit (pun intended) for how he "worked to expand affordable housing," when the Community Reinvestment Act-driven subprime crisis Fan and Fred engendered has sent the housing market levels not seen since World War II. What follows are excerpts from the AP. After that I have a few contrary and clear-headed paragraphs from an Investor's Business Daily editorial, and a little reminder of a 1999 "Present" vote which should have generated controversy, but didn't: