Well, now, and there's - for every dollar the federal government spends, there's real people on the other side, and so when we talk about reductions that are going to affect providers, that's going to affect hospitals and doctors and…

Quote by Franklin Raines

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Well, you know, we've got a lot of stimulus in the economy already from the...

Well, you know, we've got a lot of stimulus in the economy already from the...

Right now the long-term investors are telling us that they're not as concerned about inflation...

Right now the long-term investors are telling us that they're not as concerned about inflation...

And so the danger for the housing industry is if we see interest rates rise.

And so the danger for the housing industry is if we see interest rates rise.

Well, there are about 10 million children that aren't covered by health insurance. About 3...

Well, there are about 10 million children that aren't covered by health insurance. About 3...

We think if the economy remains weak that we could see mortgage rates trail down...

We think if the economy remains weak that we could see mortgage rates trail down...

We are shrinking the size of the federal government as a percent of our economy...

We are shrinking the size of the federal government as a percent of our economy...

They flooded liquidity in the marketplace but the mortgage rate is based much more on...

They flooded liquidity in the marketplace but the mortgage rate is based much more on...

So from the housing standpoint, steady as you go, I think, would be the best...

So from the housing standpoint, steady as you go, I think, would be the best...

Well, I think as long as people are talking about stimulus, I think the Fed...

Well, I think as long as people are talking about stimulus, I think the Fed...

The automatic stabilizer is unemployment insurance, food stamps, additional coverage of Medicaid.

The automatic stabilizer is unemployment insurance, food stamps, additional coverage of Medicaid.

Well, we're just now seeing the reductions in mortgage rates. The mortgage rates are based...

Well, we're just now seeing the reductions in mortgage rates. The mortgage rates are based...

Right now we think that rates will stay low, that you'll be able to get...

Right now we think that rates will stay low, that you'll be able to get...

And so we have to be careful with looking at additional stimulus that we don't...

And so we have to be careful with looking at additional stimulus that we don't...

And so Fannie Mae produces very strong results for investors in - when interest rates...

And so Fannie Mae produces very strong results for investors in - when interest rates...

I think if you go beyond a year - if this continues into the system...

I think if you go beyond a year - if this continues into the system...

If there's a severe recession, the automatic stabilizers will come into effect, and we will...

If there's a severe recession, the automatic stabilizers will come into effect, and we will...

That is - the reason for that is that home prices are only going to...

That is - the reason for that is that home prices are only going to...

Well, I think the best form would be to put money directly in the pockets...

Well, I think the best form would be to put money directly in the pockets...