Ed Royce: “I think for political, or as I call it emotional reasons, so that they wanted to look good.”

In the decade leading up to the financial crisis of 2008, Fannie Mae and Freddie Mac spent nearly $200 million on lobbying activities and campaign contributions.

I would like to thank Mr. Engel of New York for his friendship for over 20 years on the committee, but also for his shared leadership over the last 6 years on this committee. I would also like to thank him for his commitment over the years…

It has been an honor, Mr. Yoho, to work with you.

I would like to caution against making a bad situation worse.