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I rarely, if ever, watch Bill O’Reilly of the O’Reilly factor. I don’t really care for the man and the way he goes after anyone who comes on his show like some pitbull that smells fresh meat. A friend recently sent me the following YouTube link:

O’Reilly is a boor. Yes, Barney Frank is partly responsible, I agree, but to say “People bought stock and lost money” based on whatever Frank said is nonsense. If I bought stock every time someone said to me…”It looks good going forward” I’d be out of a house. People do stupid things and the first rule of investing is never invest in something without checking it out first. You can’t blame Barney Frank for the stupid things that people do.

Rep. Frank said that he didn’t think that Fannie and Freddie were good investments looking back but that they he thought they would be solid going forward because they were going to do “things to improve them” (I listened to the clip again). Anyway, he shouldn’t have said that but for O’Reilly to sit there and blame him for people losing their investments because they put money into Fannie and Freddie after his statement is a stretch (I think that Rep. Frank should have limited his comments in the clip that O’Reilly beats him over the head with to simple things and should not have made projections forward). This goes against the conservative philosophy of individual responsibility. Basically O’Reilly is making the argument that it’s Frank’s fault in duping people into investing in Fannie and Freddie.

I agree with O’Reilly on the idea that Rep. Frank should have come forward and said, “you know, I shouldn’t have said that and I shouldn’t have suggested that Fannie’s and Freddie’s prospects were solid looking forward” rather than try and shift the blame on the Republicans for loosening the regulations on Frannie and Freddie (which they played a part in — just as the Democrats did).

Again, O’Reilly is a real boor — and in my opinion he’s just some shmuck who thinks it’s his place to take someone “out to the shed” and punish them when, in fact, it’s not. O’Reilly does this because he gets off on it and that’s pretty pathetic.

April 2020

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