I saw the video, Barney Frank destroyed O'reilly in the debate

[JonLP24]

FRANK: No. You've misrepresented this consistently. I became chairman of the committee on January 31st, 2007. Less than two months later, I did what the Republicans hadn't been able to do in 12 years — get through the committee a very tough regulatory bill. And it passed the House in May.

I've always felt two things about Fannie Mae and Freddie Mac, that they had an important role to play, but that the regulations should be improved.

Now from 1995 to 2006, when the Republicans controlled Congress and we were in the minority, we couldn't get that done. Although in 2005, Mike Oxley, of Sarbanes-Oxley fame, a pretty tough guy on regulation, did try to put a bill through to regulate Fannie Mae. I worked with him on it. As he told The Financial Times, he thought ideological rigidity in the Bush administration stopped that.

But the basic point is that the first time I had any real authority over this was January of 2007. And within two months, we had passed the bill that regulated.

O'REILLY: OK. And that's true, all of that is true.

FRANK: And then also, one other point: The Senate was dragging its feet, as often happens. And in January of 2008, I asked Secretary Paulson to put in the stimulus bill. So, the earliest chance I got to put tough regulation of Fannie Mae and Freddie Mac, we did it.

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.
From there civil discourse but O'reilly agreed with Frank but focused on a misrepresented quote.

I can't believe many of his guests say O'reilly did the right thing. I finally got the sound working on my PC.