Bloomberg's Baum falsely claimed that Frank "consistently opposed stricter regulation of Fannie Mae and Freddie Mac"
Research ››› ››› DIANNA PARKER
Bloomberg columnist Caroline Baum asserted that "[a]s the ranking member of the House Financial Services Committee," before he became chairman in 2007, Rep. Barney Frank "consistently opposed stricter regulation of Fannie Mae and Freddie Mac." In fact, Frank has supported legislation to strengthen oversight over Fannie and Freddie, both as ranking member and as chairman. Further, Frank advocated for "a bill that would have enhanced the regulatory structure for Fannie Mae and Freddie Mac" during a hearing from which Baum quoted in the column.