O'Reilly offers "clarification" for Miller's false claim that Rep. Frank was "running his male prostitution service"

He didn't explicitly link "likes to get his freak on" to Frank's homosexuality but effectively did so with his "weird alleys" allusion and the later, slanderous "running his male prostitution ring" remark. Basically, he trashed Frank, a Democrat, as a pervert, thereby earning his Fox News Channel paycheck.

Apparentluy your reading and listening skills are lacking. Here is the comment the other poster made and which I was referring to, I even quoted it in my reply, look again.

"how is being gay getting your "freak on"

You see that, Miller never said his being gay was getting your freak on. But of course you will blindly defend anything a fellow lib says, no matter how fictious it is. You folks can be so precise when it suits your purpose and so imprecise when you want to. That is not surprising at all.

Yes and Frank pushed the passing of one of the few regulatory items after he took the position but it was too little, too late anyway as the derivitives had already spread. The better question is who passed the deregulatory laws that allowed banks to become financial traders and allowed them to trade with such high risk assets in such HUGE quantities. Why were mortgage loans being packaged as financial trading pieces in the first place? Frank had no real power until 2007 - passed a regulatory law which wasn't signed until late 2008. Before then, there were almost two decades of DEREGULATION! It was too late for anything to be done by 2007 as this thing had been building for close to a decade before Frank even took control of the committee.

For all people who would rather re-write history than read, just read this below:

"Lawrence B. Lindsey, a former economic adviser to President George W. Bush, wrote that Frank “is the only politician I know who has argued that we needed tighter rules that intentionally produce fewer homeowners and more renters.”[10] Once control shifted to the Democrats, Frank was able to help guide both the Federal Housing Reform Act (H.R. 1427) and the Mortgage Reform and Anti-Predatory Lending Act (H.R. 3915) to passage in 2007.[53] Frank also said that the Republican-led Gramm-Leach-Bliley Act of 1999, which removed the wall between commercial and investment banks, contributed to the financial meltdown.[53] The statute, which repealed part of the Glass-Steagall Act of 1933, has been criticized for having contributed to the proliferation of the financial instruments which are at the heart of the crisis.[59]"

That act at the end was passed in 1999. A full 8 years before the crash started - it was passed by a republican congress but signed by clinton so I am not placing the blame on any single party.

But it is irrational, irresponsible and outright ludicrous to blame the meltdown on a single person or committee. It was the deregulatory action starting all the way back to reagan and the continued deregulation and absolute inability to pass new regulation for over two decades that all contributed in some way and added to the ability for wall street to trade recklessly and the corporations that traded to be not only financial trading companies but the nation's largest and greediest banks with stockholders making insane demands after years of economic growth.

The key here is not to place blame but to make sure that reform efforts actually take place and do so in an intelligent and aggressive way. But if you would like to place blame, how about the actual banks that toppled, then took 700 billion in tax payer money, didn't pay a huge chunk of it back, handed out bonuses like it was new years every day and then, recorded record breaking quarters while unemployment continue to grow. How about them??? They should take the majority of the public ire for this, not some senator.

Plus, it has been determined the so called toxic assets were mostly not even from fannie or freddie - it was something like 10 percent of the total toxic loans that they issued. Most of them were from other mortgage lender companies that were making risky loans available for years and years before fannie or freddie were able to do so. In fact, the laws were relaxed towards those two because they were having trouble competing with the other companies who were already making subprime mortgages, the majority of their market. Fannie and freddie once granted the power to do so, spent very little time in it before the meltdown happened thus, they only played a minor role in spreading the toxic assets throughout the entire system.

Absurd. The Dem's were not in power at the time, and as soon as they were back in power one of the first things they did was to tighten banking regulatiosn. The Replublicans were the ones in power during the buildup to this mess and did nothing, and it was the Reuplican and Conservtaive philosphy of DEREGULATION that enabled it.

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You are either lying or ignornant. Pick one.

thanks mescal, i would gladly respond to nitpicking.real debate is essential in a democracy, which is why i have a problem with faux news!!