I am not aware of any specific provision that mandates any tightening of lending to small business other than a requirement that people who lend and then sell that loan be prepared to take a part of the risk. And I'm proud of that.

Trying to avert foreclosures, once you can't just force the banks to do it as a condition of getting aid, means that you have to put some public money into it or you have to do other things that are politically unpopular. From the macroeconomic standpoint there is overwhelming need to help people reduce what they owe so that we don't get the foreclosures and we don't get people kicked out of their homes. On the other hand, there is great resistance politically to helping people, not all of whom would be worth recipients of the help.

One of the striking things and Donald Trump is right, he gets no Democratic votes. It`s interesting there were Democrats from states some of them more conservative states that voted him, Indiana, Missouri, West Virginia, Montana, North Dakota. They`re not afraid of Donald Trump those Democratic Senators because they know more than he knows and know what the people want.

Can I say one other thing that`s very important? I`m indebted to Donald Trump for a long time, we`ve had this problem that people disliked government. And the health care bill has shown reminded people and Donald Trump has shown people there is something a lot worse than government. It`s not government. That as bad as they might have thought the government was on health care, it`s now created people that the absence of government healthcare is even worse.

These two entities—Fannie Mae and Freddie Mac—are not facing any kind of financial crisis.

I smoke a cigar or two a day. I did have a brownie once. It made me sleepy.

For many of those who had historically supported welfare programs in the broadest sense, it was perfectly reasonable to enact legislation in which poor people were the objects of efforts to assist them.