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Here and pw partner mitch rochell. Happy monday everybody. Good to see you. Congress back in session, weve got markets trading up, deal on china in terms of a meeting, of course, early october, lot to talk about this morning. Also on deck, my interview with treasury secretary Steven Mnuchin. Were going to talk about trade, the fed, fannie and freddy, reform, fannie mae and freddy reform, the latest iteration of a plan, certainly out of the treasury this morning, about Housing Finance and housing reform. Well talk about fannie mae and freddie mac. And the founder of papa johns pizza speaking out this morning exclusively to me in his first interview since being pushed out of the company that he founded. John bar a aso is here talking about peace talks with afghanistan, Niles Gardner is here talking brexit and senior judici ....
And freddie mac is in the conservatorship of veneers september 2008 and paulson describe the conservatorship as a timeout. Today fannie and freddie continued to dominate the market approximately 70 percent of the mortgages are back for the federal government while fannie and freddie with the Housing Market experiences a downturn the status quo is not a viable option. The Housing Finance system with two Government Enterprises in conservatorship as not a sustainable solution. Taxpayers today have to much risk with to a bigger role in the Mortgage Market. Those that have released proposals including the i see the day in several coauthors and many others. About what the future system should look like. In the meantime continuing to serve as a conspirator in reg ....
Is a very reasonable people here in congress. There are many who want to do what is right. There are many who want to Work Together to conduct the business of our nation. I would say to them in all my colleagues, now is the time. Now its time for for congress to stop fighting battles. Now is the time for congress to come together to do what is right for the nation and now is the time for congress to come together and fulfill americas financial obligations. I began my remarks and i thought appropriate to conclude with another one. Lincoln once said, and i quote him, i am a Firm Believer in the people. If given the truth, they can be depended upon to begin a national crisis. And bo. That is why we are here today. We need to give the American People the truth. The real fact, only then, whenever one understands the facts on t ....