Not only is there no means test, there is an antimeans test. The more money you are making under the program generally, the more you will get. So it is the reverse. The wealthier you are, the more prosperous, the bigger your crop certainly, the more money you get. It is an antimeans test.
Discussing the implications of a government program's funding structure.
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I think it is clear that Fannie and Freddie are sufficiently secure so they are in no great danger.
We should have made it much higher, $125 billion or more, and we should have indexed it.
Fannie Mae and Freddie Mac do very good work, and they are not endangering the fiscal health of this country.
It was a great mistake to push lower income people into housing they couldn't afford and couldn't really handle once they had it.
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