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"Right now the long-term investors are telling us that they're not as concerned about inflation and so we're seeing these rates now move into the marketplace and out to the street - rates that individuals can get."
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"Creditor. One of a tribe of savages dwelling beyond the Financial Straits and dreaded for their desolating incursions."

"I believe Money is too important to leave in the hands of government officials."

"Once you deposit that money in your checking account, it becomes the bank's money and you're just another one of their creditors."

"Money is only a problem to those that aren't willing to develop a higher conscience about how to master it."

"Organized scarcity is the best way to increase your profits.This is the idea of the ends justify the means. There are second and third order effects that will take away all of the gains and then some. Wisdom is better than gold, peace is better than profit."

"A sure way to go broke is to spend your outer riches before you have saved enough of your inner ones."

"Sharpen and trust your judgement: learn when spending is a shrewd investment and when it is merely an indulgence."
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"Well, there are about 10 million children that aren't covered by health insurance. About 3 million qualify for Medicaid but don't get it, so we're going to reach out and bring more of those kids into the Medicaid program."


"They flooded liquidity in the marketplace but the mortgage rate is based much more on expectations of inflation. So if the average investor believes that there is inflation coming, they'll move that rate up."


"We think if the economy remains weak that we could see mortgage rates trail down and we think that we could see rates below seven percent into early next year."


"And so Fannie Mae produces very strong results for investors in - when interest rates are high and when interest rates are low, in recession and during booms."


"Right now we think that rates will stay low, that you'll be able to get a mortgage below seven percent and that's kicked off a refinance boom that's going to put more money in the pockets of consumers."


"That is - the reason for that is that home prices are only going to go up. Now, they've never gone down nationwide in our - since we've been keeping track of this."


"I think if you go beyond a year - if this continues into the system in the out years, I think there is a risk and that - that we could have a negative reaction in the bond market and that will offset the good that was attempted to be done."


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