You can design a mortgage system that is different without a Fannie and Freddie, but there are principles you have to have, to have a good system.
Jamie DimonI think what you've seen them do recently in the markets is what most of us learn doesn't ultimately work. But I think everyone has to figure that on their own.
Jamie DimonDon't do anything stupd. And don't waste money. Let everybody else waste money and do stupid things; then we'll buy them.
Jamie Dimon