they're a couple hundred billion dollars problem nobody is addressing? >> that's what you're seeing. a regulator trying to be proactive. fannie and freddie, if privately run, they may have -- >> brian: if fannie and freddie were privately run they would are filed for bankruptcy. they're in conserveship. >> but they would have said we're not going to do them. but the government wanted to give them room to grow and the regulator wanted to put a stop to it. >> brian: you've got these agencies, which is it fair to say fannie and freddie have done the bidding of the federal government. two pages of the 2300-page bill devoted to fannie and freddie. they're saying we're not going to do it. >> right. >> brian: that's an aggressive move by two agencies which have been very complacent. >> that's true.
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