Like Namor, Frankie started out as a superpowered enemy of mankind whose hatred was, if not justified, then at least understandable. Briefer often implied that some people could be just as monstrous as the title character.
There are echoes of Lady for a Day here (if the film had been set in hell*). Even for a product of the depression, this portrayal of high society is remarkably dark.
* Coincidentally, Pocketful of Miracles is often shown in hell.