Catherine Austin Fitts

And it scared me to death. And that was it for me and TVs. I never had another TV again until the administration. I had a friend helping me decorate. I bought a big house in Washington and she bought a TV for me without my permission. And she said, you can't work in the Bush administration unless you watch the Sunday shows.

So I had it for a little while, and then I gave it away because I hate them. But because I was the FHA commissioner, I'm working with the budget for the home mortgage market. And if you're working with that, at the time, there was a big SNL cleanup. So I'm working with all the credit in the financial system in the budget.

So I had it for a little while, and then I gave it away because I hate them. But because I was the FHA commissioner, I'm working with the budget for the home mortgage market. And if you're working with that, at the time, there was a big SNL cleanup. So I'm working with all the credit in the financial system in the budget.

So I had it for a little while, and then I gave it away because I hate them. But because I was the FHA commissioner, I'm working with the budget for the home mortgage market. And if you're working with that, at the time, there was a big SNL cleanup. So I'm working with all the credit in the financial system in the budget.

And because we're going through the 21, we competed for appropriations with 21 other agencies. I basically had to learn the whole budget. So I'm sitting there tracking day to day to day exactly what's happening in the budget. And then I'm watching, you know, so we're over here whacking up the money in the budget. And you get on the Sunday shows and they're talking about what's going on.

And because we're going through the 21, we competed for appropriations with 21 other agencies. I basically had to learn the whole budget. So I'm sitting there tracking day to day to day exactly what's happening in the budget. And then I'm watching, you know, so we're over here whacking up the money in the budget. And you get on the Sunday shows and they're talking about what's going on.

And because we're going through the 21, we competed for appropriations with 21 other agencies. I basically had to learn the whole budget. So I'm sitting there tracking day to day to day exactly what's happening in the budget. And then I'm watching, you know, so we're over here whacking up the money in the budget. And you get on the Sunday shows and they're talking about what's going on.

And they got this whole fantasy about what's really going on. It's got nothing to do with what's really going on. They're just like, wow, yeah, yeah. And so for a year.

And they got this whole fantasy about what's really going on. It's got nothing to do with what's really going on. They're just like, wow, yeah, yeah. And so for a year.

And they got this whole fantasy about what's really going on. It's got nothing to do with what's really going on. They're just like, wow, yeah, yeah. And so for a year.

Exactly. Exactly. It was the Truman Show. I'm watching. I know exactly what's going on because I'm looking at the money and I'm dealing with the money. And they're going, la, la, la, la, la, la, la. And, you know, it's entertainment. It's got nothing to do with what's going on. That's fascinating. Yeah. So, but if you follow, that's why, you know, the- What year was this? That was 89 and 90.

Exactly. Exactly. It was the Truman Show. I'm watching. I know exactly what's going on because I'm looking at the money and I'm dealing with the money. And they're going, la, la, la, la, la, la, la. And, you know, it's entertainment. It's got nothing to do with what's going on. That's fascinating. Yeah. So, but if you follow, that's why, you know, the- What year was this? That was 89 and 90.

Exactly. Exactly. It was the Truman Show. I'm watching. I know exactly what's going on because I'm looking at the money and I'm dealing with the money. And they're going, la, la, la, la, la, la, la. And, you know, it's entertainment. It's got nothing to do with what's going on. That's fascinating. Yeah. So, but if you follow, that's why, you know, the- What year was this? That was 89 and 90.

Yeah. 89 and 90. And that's why, so under the law, so at the time there were four mortgage insurance funds, but there are two of them are most of the money. Yeah. So under the law, and the big one, the single family fund, by law, the first thing I did when I got to Washington is I read all the law related to what my responsibilities. I want to know under the law, what am I responsible to do?

Yeah. 89 and 90. And that's why, so under the law, so at the time there were four mortgage insurance funds, but there are two of them are most of the money. Yeah. So under the law, and the big one, the single family fund, by law, the first thing I did when I got to Washington is I read all the law related to what my responsibilities. I want to know under the law, what am I responsible to do?

Yeah. 89 and 90. And that's why, so under the law, so at the time there were four mortgage insurance funds, but there are two of them are most of the money. Yeah. So under the law, and the big one, the single family fund, by law, the first thing I did when I got to Washington is I read all the law related to what my responsibilities. I want to know under the law, what am I responsible to do?

So I read the law and it said that I had sole fiduciary responsibility for what was then the $320 billion mortgage insurance fund. And I was required by law to run it on a self-sufficient basis. So the premiums we charged for the credit had to cover the defaults and expenses. So I'm required to run it. So I decide, okay, I'm going to try and get how much money are we making or losing?

So I read the law and it said that I had sole fiduciary responsibility for what was then the $320 billion mortgage insurance fund. And I was required by law to run it on a self-sufficient basis. So the premiums we charged for the credit had to cover the defaults and expenses. So I'm required to run it. So I decide, okay, I'm going to try and get how much money are we making or losing?

So I read the law and it said that I had sole fiduciary responsibility for what was then the $320 billion mortgage insurance fund. And I was required by law to run it on a self-sufficient basis. So the premiums we charged for the credit had to cover the defaults and expenses. So I'm required to run it. So I decide, okay, I'm going to try and get how much money are we making or losing?

So I called in the budget officer. They bring in the budget, and it would have gone two-thirds of the way to the ceiling with all the budget justifications. So I'm a speed reader. I read through it several times that weekend, and I called the budget officer in on Monday. I said, nowhere in this budget does it say whether I'm making or losing money. He said, that's not in the budget.