Special Report falsely suggested Fannie and Freddie chief perpetrators of "financial mess," Rep. Frank opposed stricter oversight

SUMMARY: Fox News host Brit Hume and correspondent Bret Baier suggested that Fannie Mae and Freddie Mac were heavily involved in the subprime mortgage market "years ago," and falsely suggested that Rep. Barney Frank has opposed stricter regulation of Fannie and Freddie. Neither Hume nor Baier noted that Fannie and Freddie were not active in the subprime market in 2003, or that Frank has supported and authored bills to strengthen oversight of Fannie Mae and Freddie Mac.

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