independent moody's and s&p looking to down grade our debt. it's not because we didn't spend enough. that's what makes me think the civil unrest like we are seeing greece could ultimately happen here if we don't address the long-term liabilities that this country is facing. not because of the court system, proper function of the government. entitlement state that dean wants to expand. >> laura: it's complicated analysis to some extent how we got here. a lot of different moving parts. one of them was obviously federal management of the home loan business with fanny and freddie. i mean, you go back to the beginning of the housing problem, we had the fed with easy money. we had low interest rates for a low time. it was churn and burn with these mortgages. fanny and freddie were at the crux of this problem. we had a rot of inside influence from capitol hill on down. >> that's government. >> the worst mortgages were not fanny and freddie. far and away the worst goldman sachs, morgan stanley. the private investment banks. they took the mortgages that fannie and freddie would not touch. the reason we had low interest