While legislation obviously is political, we now have allowed regulation to become politicized, which we believe will likely lead to some bad outcomes.

If the government wants to do social policy, it should not be done in a quasi-public company. If you have a mortgage guarantee company which is done by the U.S. government, it should be guaranteed by the originators, i.e., the shareholder.

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 Dimon Quotes