om lenders, repackaging them into securities, and guaranteeing them for investors.

How many of you understand what that meant? Only if you knew it before I said it, probably because let's see. Could I explain this? So there are two companies, Fannie Mae and Freddie Mac, and Bill Pulte is in charge of both of them, I believe, at the moment. But these used to be private, but now they're under the government's management, and it's because they had catastrophic financing failure in 2008 with a financial crisis.

So what they do if I understand this correctly is let's say your bank makes you a loan on your house. Your bank makes some money just by initiating the loan. But it also would make money as you paid your interest and then paid off the loan. But the banks would rather make that initial loan money and sell the loan to somebody like Fannie Mae or Freddie Mac and then they own the loan and they collect it from the homeowner and then the bank will now be freed up to make another loan because the bank can't make infinite loans because it only has a finite amount of money to back its own operations. So the bank becomes more of a transaction creator and makes money by creating the initiation of the loan and the completion of it. But that's all they make and then they sell the ongoing stream of money that would be coming from the interest payments and the principal payments. They sell that to a third party in this case Fannie or Freddie.

So Fannie and Freddie make money because they're getting interest and they're repackaging them into securities. So then you as an investor could invest through Fannie or Freddie and then you would be the one who was getting the interest payments but you'd have to take a risk that these are all good enough loans that they don't default. Did any of that make sense? Yeah. It's a big story and I think Trump and Bill Pulte would be doing the right thing here. So I'm pretty sure that it's a smart thing that should be done.

Apparently on Monday, Trump is going to have some press event in which he's going to announce how he's going to make Washington DC the safest place in the world instead of one of the most dangerous. So I assume that that will use some government resources. I don't think he's going to federalize the city, but he might. It would be a heck of a thing if he pulled that off. If Trump managed to do in Washington DC what he did on the border, which is use unconventional means and really put some attention on it and put the right people in charge and suddenly DC crime falls by 75%. That's going to be very impressive and it will be hard not to notice especially if you work in Washington DC.

So I think Trump found another one of those 80-20 things. And if he pulls it off, it's very likely he can. If he pulls it off, it's going to be another home run and it will just be one more thing he can say, "Well, look what I did. I did it in 30 days and Democrats couldn't get it done at all." So I think that's where that's at.

One of my favorite things, and this is a slow news summer kind of a story, is let's do a little romp through the social media and the news about prominent Democrats, who are the ridiculous ones. Let's start with Jasmine Crockett. Every one of these has a fresh story about them today. Have you noticed that Republicans use Democrat personalities for humorous stories and you don't even have to add anything to it. Just the story itself is humorous just by itself.

So Jasmine Crockett, you all know who she is. Her staff says she's never in the office and she's focused almost exclusively on being an influencer. And I was even wondering how many Democrats even know who she is. I feel like the Republicans are the ones that are making her famous, right? Because if Republicans completely ignored Jasmine Crockett, would the Democrats pay attention? I don't know. I feel it's because she gets a big response from Republicans that she has any attention at all.

And what's funny about it is it's like a game of chicken. So the game of chicken goes like this. I'm going to say outrageously bad things about Republicans. And the Republicans say, "The more outrageously ridiculous things you say about us, the more stupid you look and the better we look. Go ahead." Oh yeah? Well, I'm going to call you all Nazis. Okay, go ahead and do that. And we're going to run a story about you every single day because we think you're ridiculous and funny. And so both, it's just this game of chicken. We don't know who's winning so far.

And then Rosie O'Donnell has a new quote about Trump. Well, he is a cruel criminal and mentally unstable man. I think he's the worst thing to ever happen to the United States and his cruelty knows no bounds. He's the worst thing to ever happen to the United States. I'm pretty sure that we've had some bad things like the depression. We had a few bad things, World War II, but Rosie O'Donnell is crazy as ever.

I think the funniest part is you could argue that Trump would never have been president without Rosie O'Donnell because she was the magic answer he gave at the first debate. And it was the thing that really made people go, "Wait a minute, what did you just do?" And he said, "Only Rosie O'Donnell." And it was just, it just opened up his path all the way to the White House. And I feel like maybe she knows on some level she's somewhat responsible for him being president, which to me is hilarious.

Then Beto O'Rourke, we're doing the tour of ridiculous Democrats. He was doing s