04/24/2013
https://www.congress.gov...
"FHFA was created to be an agency independent of executive branch influence, whoever the party was in power."
"In your view, should the Federal Housing Finance Agency take stronger action to discipline the GSEs for their failure to manage operational risk?"
"If Congress had acted, Fannie and Freddie could have been prevented from crowding out the private sector by backing 71 percent of mortgage originations."
"The Preferred Stock Purchase Agreement--I alluded to that earlier--established the rules by which the taxpayer funds the bailout of Fannie and Freddie."