An excerpt from the interview on Huffington post (my highlights)
"FRANK: I didn't say swell. I didn't say swell. No, I said in fact in that quote that you played and didn't listen to because you're busy ranting that it's not a good investment. I said that at the time. I did think we were going to improve things going forward. Yes, we had some things that needed improvement.
O'REILLY: All right, you want to - here, let me read you your quote here. OK? OK? "I do think the prospects going forward are very solid."
FRANK: But that's not the part about it not being a good investment.
O'REILLY: Now, people bought stock when you said that.
FRANK: You are distorting it. Bill, you're lying by your words.
O'REILLY: This is what you said.
FRANK: What about the part where.
O'REILLY: Not lying. And I played it and I read it.
FRANK: What about the part where I said it wasn't a good investment?
O'REILLY: You said it's not the best right now, but going forward this is going to be solid.
FRANK: Right..
O'REILLY: People lost millions.
FRANK: .(INAUDIBLE) right now. I didn't say solid, I didn't say swell. You distort consistently. And you think ranting and raving."
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Sometimes people do get worked up when they are lied to. I think, with this administration, more of us should.
In late 2004, Govt. sponsored enterprise subcommittee was recommending more Fannie/Freddie oversight. Dems not only shot down the idea, because there is nothing wrong with Freddie/Fannie, but criticised the chairman. (video on YouTube)