If Freddie Mac and Fannie Mae are government chartered, why do they need to lobby?

Question

http://news.yahoo.com/s/politico/20080716/pl_politico/11781

See the above link for the info. I don't get it. If they are government chartered, why do they need to lobby? Are they "for-profit", and if so, why would the government charter them?

Answer 1

They are government chartered but not government owned. They are privately owned entities, and gain profits along with stock. They are under the gun to make a profit just as any company.

Answer 2

they need investors thats what lobbying is all bout

Answer 3

ever try to convince your boss you need a raise or vacation?