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June 09, 2006


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P Lee

As a result of lobbying, many politicians from both parties were being infuenced by Fannie Mae to oppose any investigation or review of their finances. OFHEO was held at a distance for many years, unable to review the Fannie Mae accounting system to uncover the fraud until recently. The GSEs should be prohibited from lobbying in the future.


At the very least, they should be prevented from lobbying with respect to a pending investigation by the OFHEO.

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