Media Conservatives Absolve Wall Street, Falsely Blame Barney Frank For Housing Crisis

[NNN0LHI]

http://mediamatters.org/research/201111290002?frontpage

9 hours and 49 minutes ago

Conservatives in the media have used the occasion of Rep. Barney Frank's retirement announcement to rehash old theories of how he, through his support for Fannie Mae and Freddie Mac, caused the subprime bubble and subsequent meltdown. In fact, Wall Street -- not affordable housing programs -- was the primary cause of the financial crisis.

Conservative Media Use Frank's Retirement As Pretext To Blame Him For Crisis

Hoft: "Frank's Fingerprints Were All Over The 2008 Financial Crisis." From Jim Hoft's Gateway Pundit, in a post headlined "Barney Frank -- Politician Behind Financial Crisis -- Will Not Seek Re-election":

[Gold Metal Flake]

1. One of the regular RW idiot collers to Stephie's show started in on this.

It's in the conservative daily talking points emails I suppose so expect it to spread.

[olleander]

2. Where are the prosecutions, Mr. Holder?

The reason that the RW can get away with these sorts of
falsehoods is because no one in this Administration is
prosecuting the thieves because they are too busy trying to
raise money from them.

The latest story on Paulson while Treasury Secretary tipping
off his cronies to the GSE bankruptcies is a prosecutable
offense.  Where is the prosecution, Mr. Holder?  

[DCKit]

3. Excellent point and welcome to DU. nt

[MisterP]

4. they do like to focus on a single and nonsensical villain--like Soros

though ironically (aptly?) Frank's a Wall Street servant and Soros a corrupt speculator

they also go after corporatist Blairite centrists--Clinton and Obama--the most rabidly (of course, it's because they're nuts, not becuase centrism will somehow bring about a utopia they fear)