"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."
Gee, you're racist if you criticize Obama, you're racist if you criticize Democrats and you're particularly racist for calling out the Democrats for pushing Fannie Mae and Freddie Mac into buying bad loans. What was racist was the legislation that allowed this to occur. People like Frank and his ilk were the racists. The poor were promised home ownership which was yanked away when they were lied to about being able to afford it.