Political Quotes

Michael Fitzpatrick: “Fannie and Freddie systematically reduced underwriting standards to meet government regulatory requirements and to curry…”

On the recordMarch 5, 2013
Fannie and Freddie systematically reduced underwriting standards to meet government regulatory requirements and to curry favor with the political class.
Said by
Michael Fitzpatrick
Pennsylvania

Editor's note · Context

Critique of Fannie Mae and Freddie Mac's actions influenced by government policies.

Share

More from Michael Fitzpatrick

Sep 9, 2015

This rulemaking from the Department of Labor makes their inexperience in this area crystal clear.

congress.gov
Sep 16, 2015

We punted in passing Dodd-Frank. Essentially, we punted to the bureaucracy.

congress.gov
Mar 15, 2016

There are a lot of us who have concerns that the rulemaking of your Bureau is limiting the ability of small community banks to serve their customers.

congress.gov
Feb 2, 2016

With over $100 billion flowing in Iran, the world's largest state sponsor of terror, the risk of terror financing has never been greater.

congress.gov

Other voices in this conversation