Ed Royce: “we are not letting bankers be bankers”

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.

We cannot expect Vladimir Putin and his corrupt associates to change their behavior in Syria, in Ukraine, or anywhere else until we prove we will hold them to account.

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…

I hope this Administration and this Congress have learned something from this failed duopoly and do the hard work necessary to reform our housing finance system.