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"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."
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"Money cannot buy you love. But it sure can buy you things that some people will love you for having."

"The Bible does not say money is the root of all evil; it says the love of money is the root of all kinds of evil. A poor man who, in his heart, worships the idea of being rich is more vulnerable to its evils than a rich man who has a heart to use it all for the Lord."

"A drinker has a hole under his nose that all his money runs into."

"Put not your trust in money, but put your money in trust."
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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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