Ad campaign attacks Crapo

April 4, 2014 

Idaho Sen. Mike Crapo and six other members of the Senate Banking Committee are the targets of a national ad campaign.

Watch the ad here.

The ads are critical of a proposal authored by Crapo and Committee Chairman Tim Johnson, D-S.D. Their plan would wind down Fannie Mae and Freddie Mac, companies that back most of the U.S. housing market by buying pools of mortgages in the secondary mortgage market. The government seized control of Fannie and Freddie following a $187 bailout during the housing crisis.

The $1.5 million ad campaign is paid for by 60 Plus, which lobbies on the behalf of retirees.

Check the Sunday edition of the Idaho Statesman for an in-depth story on the ad campaign and on Crapo's reaction.

 

 

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