green issue in to care. and gordon gecko kept gambling. fannie mae and freddie mac are two of the very important tools we have. people who are critical of the arrangements that we have. i there it is clear that fannie mae and freddie mac are sufficiently secure so they are in no great danger. once congress is getting out ahead of a problem. my primary interest and i know i share this with others who care about housing is to make sure nothing is done in this real estate organization to weekens the obligation of fannie mae. jesse: barney frank said everything is fine and knew washington was on their side. banks started chapg up mortgages like sushi rolls and giving homeless crack heads north gadgets. crack head, no problem. here is a jumbo loan. this is a true story. if you were a strawberry picker and wanted a beach house, wells fargo would buy that you beach house. banks were at each other s throats over who could loan the most. mortgage funds were amazingly profitable
on top of all of that. jesse: biden claims it s not a bailout. and no taxpayer money is being used. but he is also the guy that lies all the time. he says $3.5 trillion spending bill cost nothing, remember and the border is secure. how about that? so, whatever bankers want, bankers get. that s the hills industry of america. look at greg baker, the ceo of silicon valley right before his bank went under he sold $3.6 million in stock. on friday showered his employees on bonuses. way go, guys. keep up the good work. this stupid bank in california didn t see inflation coming. they are about as smart as the fed chair. when the fed chair finally raised rates the bank got crushed. why weren t they paying attention? silicon valley bank is awoke biden bank. they were holding seminars on lesbian visibility day n. and national pride month. if you want to hold a pride month that s fine you have got to be able to chew gum at the same time and walk. so, keep an eye on the balance