it if was rational, other people would dedoing it and fha is even nor economically irragga. if you want to subsidize ownership, do it with a cash payment. i'm opposed to that, but there's a certain integrity in that versus subsidizing all these institutions, freddie mac and fannie mae and fha, and the money goes to people not in the housing business. the biggest supporters of freddie mac and fannie mae are large investment banks who do this stuff. but announce they're closing down one you're from now, a private market would easily develop in that period of time and housing financing would be rational and we wouldn't be just investing in consumption. >> john, when we were speaking before your talk, you mentioned to me the extent of, for example, the feds' involvement in the micromanagement of -- just give us a couple of examples. it was so mind boggling. >> people do not realize how bad dodd-frank is, because it is invisible. i believe it's a very conscious effort to take over the financial system in the united states. if you want to control the country, control the allocatio