Ed Royce: “The savings and loan industry in the 1970's did not cost the taxpayer one red cent, but in the 1980's it certainly did.”

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

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

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

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…