A negative-ad campaign is targeting Idaho Sen. Mike Crapo and six other members of the Senate Banking Committee because of a bipartisan bill that Crapo co-sponsored to reform the mortgage finance industry, Idaho Statesman reporter Zach Kyle reports. The $1.6 million ad blitz from the “60 Plus Association” is aimed at protecting the interests of shareholders in Fannie Mae and Freddie Mac, the two government-created mortgage finance companies; the bill would phase them out of existence.
"First, it was Obamacare," says the narrator of the TV ad. "Millions of Americans had health care plans canceled. Now, Mike Crapo is teaming up with Obama to take over the mortgage industry." Crapo said the ad misrepresents the bill as big-government and him as liberal. "The people of Idaho know me better than that," Crapo told the Statesman. Kyle’s full report is online here.