O'Reilly falsely claimed that Rep. Frank "sat by" while "Freddie Mac and Fannie Mae made bad loans"

SUMMARY: In a column, Bill O'Reilly falsely claimed that Rep. Barney Frank "sat by as mortgage brokers Fannie Mae and Freddie Mac made bad loans." Also, Fox News Sunday host Chris Wallace did not challenge a similar claim by Sen. Jon Kyl that efforts by the Bush Administration and Republicans in Congress to regulate Freddie Mac and Fannie Mae "were stopped at every turn by Democrats." In fact, more than a year ago, Frank sponsored a bill to create the Federal Housing Finance Agency, granting that agency "general supervisory and regulatory authority over" Fannie Mae and Freddie Mac and directing it to reform the two companies' business practices and regulate their exposure to credit and market risk.

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