otheroblems, one is that countries are as diverse geographically the income spread.he other is that in europe, banks essentially financed the markets. banks ino bail out the 2008. this idea that other companies do not have the government involved -- bill: why do we get rid of the 30 year mortgage. ? the entire bulwark of the mortgage enables someone who is 28 or 38 to save money and put down a down payment to buy a home know they will not get stuck in five years having to refinance. have 30 years. if rates decline, they can refinance. that instrument has created enormous wealth. it lets you get rid of the prepaid mortgage, which no one in congress is in favor of. it has destroyed us. ♪ ♪ charie: last winter, you said that fannie and freddie were the most interesting risk reward in the capital market. bill: i mean that if you buy it today, i believe the only solution to the problem is to present them as effectively privatized. that is something they do very well. charlie: you believe that that will be the solution that takes place? that it is a safe bet? bill: i don't