Ed Royce: “I appreciate the efforts of Mr. Watts, one of our witnesses with us today.”

The power and influence they wielded had few peers.

I plan to introduce legislation with two objectives: The first, to explicitly prohibit Fannie and Freddie from engaging in lobbying activities while in conservatorship.

But it does meet, in my personal opinion, the definition of genocide.

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.