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Barney Frank led Democratic friends in bringing down the banking industry by forcing banks to give loans to people who couldn’t afford them, then blunting Republican attempts to regulate the industry:

House Financial Services Committee hearing, Sept. 10, 2003: Rep. Barney Frank (D., Mass.): I worry, frankly, that there’s a tension here. The more people, in my judgment, exaggerate a threat of safety and soundness, the more people conjure up the possibility of serious financial losses to the Treasury, which I do not see. I think we see entities that are fundamentally sound financially and withstand some of the disaster scenarios. . . .

So last week after taking shots from Frank, Senator McCain decided to go on the attack and not only blast Frank for his role in bringing down the banking industry, but for saying that defense spending should be cut by 25%.

Frank’s Response?

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Frank yesterday dismissed McCain’s words as “an appeal to prejudice” that he said reminded him of past Republican efforts to raise voter concerns about the prospect of congressmen Charles Rangel and John Conyers, who are black, becoming committee chairs. “I’m flattered by this,” said Frank, who is gay. “But I don’t think I’m the single most important member of the House after Nancy Pelosi. There are also a lot of straight white men who are committee chairmen.”Source Boston Globe,

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You are kidding me right? Congressman Frank, they aren’t criticizing you because you are gay, they are criticizing you because you are a FREAKING IDIOT ! Why the hell do the Democrats believe that any attack on their positions is an act of prejudice. Well maybe Republicans are just prejudiced against people who are WRONG

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