Political Quotes

Ed Royce: I think in your analysis the response that you gave in terms of the regulatory community and what you did not see coming…

On the recordApril 16, 2018
I think in your analysis the response that you gave in terms of the regulatory community and what you did not see coming is partially true but there was one thing the regulatory community did see coming and tried to do something about, it was the overleveraged--the GSEs (government-sponsored enterprises), Fannie Mae and Freddie Mac, which reached 100 to 1.
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Ed Royce
Republican · California

Editor's note · Context

Royce discusses regulatory oversight of overleveraged government-sponsored enterprises before the financial crisis.

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