O'Reilly falsely claimed that Rep. Frank "sat by" while "Freddie Mac and Fannie Mae made bad loans"
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. Read More
Monica Crowley falsely claimed that "unemployment ... remains at historical lows"
On The McLaughlin Group, Monica Crowley falsely claimed that "unemployment, which is starting to tick up, still remains at historical lows." In fact, every state except West Virginia has a higher unemployment rate -- some significantly higher -- than its historic low. Moreover, the current national rate of 6.1 percent is higher than when President Bush took office in January 2001, when it was 4.2 percent, and is just two-tenths of a percentage point below the highest rate of the past 10 years. Read More
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