Ed Royce: “The moral hazard problem created by the implicit government guarantee of Fannie Mae and Freddie Mac is a perfect example…”

I share the judge's sense of urgency on this and I think that is why we need fully funded programs.

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 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.