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They were making bets they couldn't cover and the american taxpayers paid the price and they mostly got off scot-free. so you put in these controls and restrictions to make sure the banks can sustain their own risk. now you want to roll them back. why? >> well, number one, it probably doesn't surprise you, i don't agree with your narrative. i mean what we had was we had an erosion of traditional underwriting standards in real estate. a lot was driven by the affordable housing goals of fanny and freddy when barny frank famously said let's roll the dice. we did and america lost big. second of al...

House engulfed in flames. thankfully, no one was hurt but the home was destroyed. first thing we felt was relief. we are all here. it's all stuff that can be replaced. we have insurance. >> the taylors immediately started looking to rebuild, but soon found that fema, without them knowing, had reevaluated the neighbor's maps. their area, previously deemed safe was now a flood zone where homes couldn't be built unless they were raised 20 feet into the air. something the city wouldn't allow and their insurance couldn't cover. >> i can see new homes shouldn't be built and not wanting them to have ...