melissa: why wouldn't we let the guys go out to be non-government earnedties, go out and back mortgages, make bets, fail if they fail or succeed in profit for share holders as they would? >> it is a larger policy qution we're facing. think about the 30-year mortgage. that is something that really doesn't exist in a lost other countries. it base we have the government guaranty behind it. is widely popular. 30-year fix is most popular mortgage. melissa: it is popular but is it good for the economy? you're right, that is the big debate, other countries, we thought of this as a birthright, 30-year mortgage, because we think of homeownerip as this tremendous value but we've learned by all the people who have gotten crushed by homes going underwater and how much money they lost, maybe it's not a universal value to own a home. ybe we shouldn't have 30-year fixed out the. unlike all the countries. they don't have it. why should we continue to have this? >> it could still be a useful tool for middle class families. they're facing student loans and a lot of other debt out there. i don't think we