FOXNews.com - Bill O'Reilly Battles Rep. Barney Frank Over Financial Crisis - Bill O'Reilly | The O'Reilly Factor
(BEGIN VIDEO CLIP)
REP. BARNEY FRANK, D-MASS.: I think this is a case where Fannie and Freddie are fundamentally sound, that they are not in danger of going under. They're not the best investments
these days from the long-term standpoint going back. I think they are in good shape going forward.
They're in a housing market. I do think their prospects going forward are very solid
. And in fact, we're going to do some things that are going to improve them.
(END VIDEO CLIP)
O'REILLY: All right, that's swell. But you still went out in July and said everything was great. And off that, a lot of people bought stock and lost everything they had.
FRANK: Oh, no.
O'REILLY: And — yes, oh yes. Oh, yes.
FRANK: I said it wasn't a good investment. Please stop yelling.
O'REILLY: Don't give me any of that, we just heard the words. What are you…
FRANK: That's wrong.
O'REILLY: You didn't say that? You want me to play it again for you?
FRANK: You didn't listen to it.
O'REILLY: No, I listened to every word you said. And I have the transcript right here.
FRANK: No, and I said it wasn't a good investment.
O'REILLY: Yes, you said going forward, we're going to be swell
FRANK: No, I didn't say swell. Excuse me, Bill
O'REILLY: Look, from August '07 to August '08.
FRANK: Excuse me, Bill.
O'REILLY: Don't — look, stop the B.S. here. Stop the crap! From August '07 to August '08…
FRANK: You know, here's the problem going on your show...
O'REILLY: …under your tutelage, this industry…
FRANK: Here is the problem going on your show.
O'REILLY: …declined 90 percent. 90 percent.
FRANK: Yes, but…
O'REILLY: Oh, none of this was your fault! Oh, no. People lost millions of dollars. It wasn't your fault. Come on, you coward! Say the truth.
FRANK: What do you mean coward?
O'REILLY: You're a coward. You blame everybody else. You're a coward.
FRANK: Bill, here's the problem with going on your show. You start ranting. And the only way to respond is almost to look as boorish as you. But here's the facts. I specifically said in the quote you just played that I didn't think it was a good investment. I wasn't telling anybody to buy stock. I said it wasn't a good investment.