Frank: $200,000 loan ‘to defend against outside attacks’

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Rep. Barney Frank (D., Mass.) the 15-term congressman who pushed the financial overhaul bill through the House, today explained he loaned his re-election campaign $200,000 earlier this week to stave off attacks from outside forces.

“I am lending these funds to my campaign in order to defend against outside attacks from organizations which take advantage of loopholes in campaign finance law,” Mr. Frank said in a statement. “I do not intend to be ambushed by the kind of right-wing smears that assailed John Kerry in 2004 and that led to the defeat this year of responsible Republican members of Congress whose records were badly distorted by Tea Party-backed candidates.”

Full Story: Frank: $200,000 Loan ‘To Defend Against Outside Attacks’ – Washington Wire – WSJ