(Oct. 2, 2008): Bill O'Reilly Rips Barney Frank, Democratic House Financial Chairman (FOX News)

[Kitty]

Just saw a preview of the upcoming show. Bill O'Reilly has it out with Barney Franks!

www.youtube.com/watch?v=yrfPMa3lONU

[NBM]

Looks pretty intense - O'Reilly calls Frank a coward. It's starts on FOX... now.

[Kitty]

He calls Franks a Coward for not admitting this mess is his fault.

[samkm]

House Reps Brad Sherman (D-California) and Marcy Kaptur (D-Ohio) have just exposed that the money owed by the US Treasury on these bad instruments is owed to China and Saudi Arabia.

It is also in an article in the Time magazine issue of Sept 22. Article titled "Bailout Nation". Section. 2 "Who gained the most from this deal?"
3 | Who gained the most from this deal? The big beneficiaries were the owners of the $5.3 trillion in Fannie and Freddie bonds and MBSS. Therein lies a fascinating, and disturbing, story. For years, the governments of countries that have run big trade surpluses with the U.S.--mainly Japan, China and the oil exporters--put their excess dollars into Treasury securities. When budget surpluses from 1998 to 2001 began to shrink the supply of Treasuries, foreign governments looked to Fannie and Freddie debt as an alternative. When the U.S. returned to deficits in 2002, they kept buying Frannie debt because it paid higher rates than Treasuries did.

Treasuries are explicitly backed by the full faith and credit of the government. Fannie's and Freddie's paper, on the other hand, have long included the disclaimer that they are "not guaranteed by the United States." But both firms were creations of Congress and had access to a Treasury line of credit. As a result, Paulson said when he announced the takeover, "central banks and investors throughout the United States and around the world ... believe them to be virtually risk-free." And because the U.S. government created this perception, Paulson felt he had little choice but to make perception a reality.
As the world's biggest debtor, the U.S. can ill afford to develop a reputation for stiffing its creditors, the reasoning went. Rates might rise sharply not just on mortgage securities but for all kinds of U.S. debt, including Treasuries. Such fears say a lot about this country's newfound financial dependence. So does Paulson's preference for making announcements on Sunday--just before the markets open for the week in Asia. "I suspect this is the first case where foreign central banks exercised their leverage as creditors to push the U.S.government to make a policy decision that protected their interests"

Of course, by extending a taxpayer guarantee to $5.3 trillion in mortgage debt, Paulson and Congress do risk sparking global worries about the U.S. government's ability to service its debts. But so far, such concerns, while raised occasionally in the financial media, have had no discernible effect on interest rates.

About 80% of Frannie's debt securities remain in the U.S. The PIMCO Total Return Fund, the biggest bond mutual fund, had its best day ever the Monday after the announcement, rising 1.32%. Fund manager Bill Gross had put two-thirds of its assets in mortgage-backed securities while using the bully pulpit of his widely read monthly commentaries to call for bolder action to help housing. He got his way.

I am reading the above from my paper issue of the Time magazine borrowed to read this. Let me see if I can find an online version and post here.

Here it is.. It is well worth reading..
http://www.time.com/time/magazine/article/0,9171,1840584,00.html

If you possibly can get the C-SPAN clips from today, we need the segments where Rep.Dennis Kucinich, Rep.Brad Sherman and Rep.Marcy Kaptur spoke.

[cynthia2]

on fox

[kathleen]

It's on now and I'm watching! Go Oreilly!

[Ace]

Oh crazy. I'm watching FOX. O'Reilly and Barney Frank (House Financial Chairman) are having a really bad argument lol.

[lanney]

hahahah I am enjoying,
What a punch, slap !!!
made my day.

[lanney]

Frank is not man enough.

hahahahha

[Suzan]

I'm watching it now, WOW!

[kathleen]

Bill looks p!ssed. He about jumped out of his chair! Ha, ha! I'm loving it!

[Ace]

Merged all the threads.

[cynthia2]

I don't know what points are being made they are just yelling!

[Ace]

I don't know what points are being made they are just yelling!

O'Riley called Frank a coward...really strong language and he doesn't hold back.

[samkm]

My satellite has caved in, just in time, once again.

[Agent 00½ FL]

Why in Gods name couldn't he have hammered Obama like that. :mad:

[Kbentleyis]

Holy crap! Called him a coward!! O'Reilly also called him out that he blamed everyone else but himself, who caused the biggest crisis in American history! Geez O'Reilly is giving him big time hell!

[cynthia2]

Wow, Does O'Reilly really get mad or is that just for the show? I am not sure what came out of that. I don't think Frank will be back to see O'Reilly anytime soon! LOL

[lanney]

Frank should give statement under oath,
We need investigation. Frank was sitting there and took no action.
In Afghanistan, they will take him straight to goal post..

[Still-a-Republican]

There is a term for what old Barny was feeling sitting there its called..... Drum roll please..... Pucker Factor

1. pucker factor

A term used to describe the tightness of your sphincter following a close call. Some as yet unidentified factors are high enough to cause discomfort as you must take an appreciable amount of time to remove from your butt that what you were sitting on.

.

[pnevai]

Sarah, if you are reading this. Remember Knowing everthing there is to know about the moon has nothing to do with being an astronaut.

Just like knowing everthing there is to know about foreign affirs has nothing to do with being Vice President. Thats what embassys and ambassadors are for!

[Jill4Hillary]

Oh man, old Bill is really on a rant. The only problem is that Bill is shouting and it's difficult to discern what has uspset him so much other than Frank is a cowardly liar. What is Frank lying about, the uninformed listener might wonder.

[kathleen]

I don't know what points are being made they are just yelling!

Bill stated there are two guys involved, one says he's at fault..the other guy named FRANk says it's not his fault. Bill blasts him for being directly responsible as he stated everything was honkey dory and made people trust him and believe him and they lost millions because of his lies. Frank insults Oreilly calling him dumb. Oreilly says "that's right, I'm dumb. And you're the smart guy that was in charge during the greatest financial crisis of all time. 90 billion lost on YOUR watch."

Oreilly blasted him.

[Kitty]

I didn't see it when I posted. Must have posted at same time.

[CT-Hilltopper]

Bill stated there are two guys involved, one says he's at fault..the other guy named FRANk says it's not his fault. Bill blasts him for being directly responsible as he stated everything was honkey dory and made people trust him and believe him and they lost millions because of his lies. Frank insults Oreilly calling him dumb. Oreilly says "that's right, I'm dumb. And you're the smart guy that was in charge during the greatest financial crisis of all time. 90 billion lost on YOUR watch."

Oreilly blasted him.

It's about time O'Reilly did something useful during this election.

Too bad he didn't go off on Obama.

[Ace]

Merged yet again. :p

[Frances]

Damm I missed it. I love it when they experience discomfort and come out as weaklings!

[kathleen]

Wow, Does O'Reilly really get mad or is that just for the show? I am not sure what came out of that. I don't think Frank will be back to see O'Reilly anytime soon! LOL

Ha! Oreilly has a strong personality, but he rarely goes off like this. Oreilly is holding a grudge against Frank because he heard him talk about him. On top of that, he is genuinely angry over the mismanagement of Freddie/Fannie. He spoke on Oreilly's show before assuring everyone all was well. People believed that. They invested, and were scammed, so to speak. Oreilly seeing Frank as cheif behind that as he claimed everything was moving along well. That got Oreilly's dander up, on top of the grudge. Result?....explosion!

[Kitty]

Thank you !

[Den2006]

Too bad he didn't use the video of the comittee meeting where Frank and the other members accused the regulators of making a mountain out of a mole hill and saying everything was fine while the Republicans tried to raise alarm.

[Sandy in PA]

Wow, Does O'Reilly really get mad or is that just for the show? I am not sure what came out of that. I don't think Frank will be back to see O'Reilly anytime soon! LOL

He also called Barney Frank a "fat toad" on his radio show last week.

It appears, from the ranting he's done in the past week about this, that O'Reilly lost some serious money in the stock market recently. He has been saying he should have been told what was happening so that he and "the folks" didn't lose money.

[samkm]

pls post youtube! thanks

[Ace]

He also called Barney Frank a "fat toad" on his radio show last week.

It appears, from the ranting he's done in the past week about this, that O'Reilly lost some serious money in the stock market recently. He has been saying he should have been told what was happening so that he and "the folks" didn't lose money.

lol

[kathleen]

Too bad he didn't use the video of the comittee meeting where Frank and the other members accused the regulators of making a mountain out of a mole hill and saying everything was fine while the Republicans tried to raise alarm.

Oreilly during his rant offered to show that video to Frank as proof, but Frank went on saying he was taken out of context, didn't need to see it, and he's not intimadated by Oreilly's blah, blah, blah. And the 'blah, blah, blah' is pretty much what Frank stuck with the rest of the segment. Like, "I'm not afraid of you" and "your bravado won't work with me" type of comments. Stupid stuff for sure. Frank had no legit argument. Of course, to DK and DU and obots, Frank will be the hero who stood up to Oreilly.

[NBM]

I get the feeling O'Reilly may have lost some money in this crisis, so it's personal now with Barney Frank and him.

I rarely watch O'Reilly anymore because of his rudeness and recent softball questions, but I absolutely detest Frank. So it was a win/win for me. :)

[buffaloboy]

Well, if you had to find a single politician who carried the most water for Freddie and Fannie, it would be Barney Frank.

He might not be to blame for all of the derivative nonsense that Wall St engaged in. But without Barney Frank covering up Fannie and Freddie at every possible opportunity, without Barney Frank saying (yes, in so many words) that he would rather "roll the dice" on Freddie and Fannie in favor of even more widely available loans, without Barney Frank pushing and pushing for more and more loans to weaker and weaker applicants, you and I would not be (right now, before the House has voted on any bail-out legislation) the proud owners of over $6 trillion in mortgage guarantees and two woefully undercapitalized "government-sponsored entities (GSEs)".

Barney Frank deserves every bit of calumny directed at him, and more.

[kathleen]

He also called Barney Frank a "fat toad" on his radio show last week.

It appears, from the ranting he's done in the past week about this, that O'Reilly lost some serious money in the stock market recently. He has been saying he should have been told what was happening so that he and "the folks" didn't lose money.

OMG!!! Are you serious! LOL. Wish I heard it. Oreilly DOES hold a grudge. He can carry it for a long time too. (I'm kinda like that so I understand) So, after Frank insults Oreilly on national T.V., he was also the guy that caused Oreilly to lose cash?! Good GAWD! I see why Oreilly went for the jugular.

Like all else posting today...I also think Oreilly is a day late and a dollar short. Should of done this to Obama. :rolleyes:

[Annie]

Is anybody watching the debate? I thought it started at 8pm....???

[NBM]

Starts at 9 (I think)

[Sandy in PA]

OMG!!! Are you serious! LOL. Wish I heard it. Oreilly DOES hold a grudge. He can carry it for a long time too. (I'm kinda like that so I understand) So, after Frank insults Oreilly on national T.V., he was also the guy that caused Oreilly to lose cash?! Good GAWD! I see why Oreilly went for the jugular.

Like all else posting today...I also think Oreilly is a day late and a dollar short. Should of done this to Obama. :rolleyes:

I think I saw a youtube of it recently, but where I don't know...

[kathleen]

I think I saw a youtube of it recently, but where I don't know...

Thanks. After the debate I'll do a search.

[nette60]

WE need to call for congressional hearings....

[cindyb]

I saw it and loved it and laughed my head off. Barney Frank should be immediately fired, I cannot believe that man is allowed to still be on the Finance committee. oh oh it is close to show time. Everyone say a prayer for Sarah Palin RIGHT NOW, please.

[geneo]

anybody see this tonite? they were shouting and got mad! bill was holding barneys ass to the fire over freddie mac and fannie mae,and barney was blaming bush and the republicans.

[maximuss]

anybody see this tonite? they were shouting and got mad! bill was holding barneys ass to the fire over freddie mac and fannie mae,and barney was blaming bush and the republicans.

Yeah i saw it , what annoyed me most was the obvious fact he is now drinking the kool -aid . He always brings up Gov Palin's interview gaffes , never mentions Biden , never says any negatives about Obama
His ego which was already big seems to get bigger everyday. He keeps saying Gov Palin is watching his programme and offers her advice in a condescending way .

I will not be watching O'Reilly anymore . By the time he notices his ratings are dropping as conservatives and republican stop watching , it would be too late for him. despite drinking the kool aid' Obots will never be loyal to him

[Skylight]

I think Bill is very, very angry because he lost a lot of money on Wall Street, or in his 401K. He has kind of skimmed over this some in past shows, but, I believe this is the reason he's mad as a hornet.

[Eddie3dfx]

I think Bill is very, very angry because he lost a lot of money on Wall Street, or in his 401K. He has kind of skimmed over this some in past shows, but, I believe this is the reason he's mad as a hornet.

He stated a couple days ago that he lost a lot of money.
No question he's furious at Barney.
That dem was an incompetent fool who won't take responsibility.

[We_Count]

It's about time O'Reilly did something useful during this election.

Too bad he didn't go off on Obama.

Couldn't agree more but he sure went off tonight on Barney Frank.

[Peppermint Patty]

Oh my ears! That was painful to watch/listen to. I believe I saw spittle coming out of Barney's mouth as he tried to defend himself. And yet the only thing he could use to defend his actions was, "I said it wasn't a good investment. You keep leaving that out." Uh huh. That's like blowing up the damn and saying, but I told you it was a badly designed damn!:eek:

[Air Supply]

Frank got busted for letting his Boyfriend run a prostitution ring out of his house.

[Starlight]

Here's the video :

YouTube - Classic Bill O'Reilly - Loses it on Barney Frank

[PCFS1]

Why in Gods name couldn't he have hammered Obama like that. :mad: Yes I agree, he was soft on Obama.