Catherine Austin Fitts

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.

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.

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.

I said, if I have sole fiduciary responsibility to run this on a self-supporting basis, I need to know that. He said, well, the accountants have that information. I said, well, give me their number. I'm going to call them. He said, they report to a different assistant secretary. You're not allowed to talk to them. And I said, well, that's going to change.

I said, if I have sole fiduciary responsibility to run this on a self-supporting basis, I need to know that. He said, well, the accountants have that information. I said, well, give me their number. I'm going to call them. He said, they report to a different assistant secretary. You're not allowed to talk to them. And I said, well, that's going to change.

I said, if I have sole fiduciary responsibility to run this on a self-supporting basis, I need to know that. He said, well, the accountants have that information. I said, well, give me their number. I'm going to call them. He said, they report to a different assistant secretary. You're not allowed to talk to them. And I said, well, that's going to change.

So, no, I had raised a lot of money for George H.W. Bush, and all I got was a pair of cufflinks, and the accountants moved over to report to me. So I did, I used all my poll and I got the accountants moving report to me. They come in the first day, we are losing $11 million a day in the single family fund. So I said, look, all real estate's local.

So, no, I had raised a lot of money for George H.W. Bush, and all I got was a pair of cufflinks, and the accountants moved over to report to me. So I did, I used all my poll and I got the accountants moving report to me. They come in the first day, we are losing $11 million a day in the single family fund. So I said, look, all real estate's local.

So, no, I had raised a lot of money for George H.W. Bush, and all I got was a pair of cufflinks, and the accountants moved over to report to me. So I did, I used all my poll and I got the accountants moving report to me. They come in the first day, we are losing $11 million a day in the single family fund. So I said, look, all real estate's local.

We got 10, at the time there were 10 federal regions, they're less now. I said, we have 10 federal regions, 80 field offices. Where are we making and losing money? He said, we don't have place-based financials. I said, we mail out checks. We have zip codes. I said, this is a rush. It's an emergency. Get the nurse. Well, it turned out we were making...

We got 10, at the time there were 10 federal regions, they're less now. I said, we have 10 federal regions, 80 field offices. Where are we making and losing money? He said, we don't have place-based financials. I said, we mail out checks. We have zip codes. I said, this is a rush. It's an emergency. Get the nurse. Well, it turned out we were making...

We got 10, at the time there were 10 federal regions, they're less now. I said, we have 10 federal regions, 80 field offices. Where are we making and losing money? He said, we don't have place-based financials. I said, we mail out checks. We have zip codes. I said, this is a rush. It's an emergency. Get the nurse. Well, it turned out we were making...

Profit in eight regions and losing everything plus more in two regions, which was, you know, it was a black budget. It was the Bushes and the Clintons. It was the Texas region, which included Arkansas and the Colorado region. It was just like.

Profit in eight regions and losing everything plus more in two regions, which was, you know, it was a black budget. It was the Bushes and the Clintons. It was the Texas region, which included Arkansas and the Colorado region. It was just like.

Profit in eight regions and losing everything plus more in two regions, which was, you know, it was a black budget. It was the Bushes and the Clintons. It was the Texas region, which included Arkansas and the Colorado region. It was just like.

Yeah, it was the mortgage fraud. So you remember, we had a big, the S&L crisis in 89, and that cleanup was a lot, a tremendous amount of mortgage fraud. Anyway, so I could talk about all those guys at mortgage fraud all day long.

Yeah, it was the mortgage fraud. So you remember, we had a big, the S&L crisis in 89, and that cleanup was a lot, a tremendous amount of mortgage fraud. Anyway, so I could talk about all those guys at mortgage fraud all day long.