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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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"Egoism and Money [Goddess of wealth; Lakshmi] are very much at odds [have great enmity]. There should be just enough egoism to accomplish one's work. Beyond that, any expanded egoism and money have great enmity. Money (Lakshmi) stays away from it."
"There's a correlation between the number of digits on a man's bank balance, and, the number of things that his woman is willing to forgive him for."
"Where large sums of money are concerned, it is advisable to trust nobody."
"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."
"To be clever enough to get all that money, one must be stupid enough to want it."
"Architect. One who drafts a plan of your house, and plans a draft of your money."
"Politics has become so expensive that it takes a lot of money even to be defeated."
"You cannot spend money in luxury without doing good to the poor. Nay, you do more good to them by spending it in luxury, than by giving it; for by spending it in luxury, you make them exert industry, whereas by giving it, you keep them idle."
"Because people have no thoughts to deal in, they deal cards, and try and win one another's money. Idiots!"
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"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."
"Well, you know, we've got a lot of stimulus in the economy already from the tax cut, from the lowered interest rates, and also from the refinancing of mortgages."
"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 we have to be careful with looking at additional stimulus that we don't provoke an increase in the bond rate and then offset a lot of the stimulus we've already got."
"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."
"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."
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