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Successful in business in modern times is sufficiently disentangled for him to take his job as president of the united states and focus on that 110%. secondly, i would expect the treasury secretary designee of a conservative republican president to say they would like to privatize fannie and freddie. i don't think that should surprise anybody. >> it wouldn't be controversial if we knew whether or not the president was going -- with every other president we've known, we've never even had to ask, we look up and check to see if the president had an entanglement where he would be benefiting. the i...

>> the third thing i want to say about that, though, that's a pretty small holding compared to everything that the man has -- >> 3 to 15 million. >> sounds like a lot of money to me and you, but the fact is that it's not a huge investment when you consider the idea that he would pick steve mnuchin to be the treasury secretary and say, while you're out there say you'd like to privatize fannie and freddie, an idea that many conservatives have had -- >> should we not be concerned about any private financial gain he might have from these transactions? >> no, i'm not saying that. the presumptive gu...

Their home because they are underwater. >> we have seen in the last few years of crisis, when you get the government involved, that's more likely to have tohappen. when have you federal guarantees through fha and fanny may and freddie mac. suddenly, it's not the bank's problem and the buyer's problem, it's the taxpayer's problem. as long as this sense of risk in the housing market is socialized and something we all pay, that's a very dangerous thing for the government to be doing. >> how do you distinguish okay credit from weak credit? >> it's in the eye of the beholder. there is a line. we do...

Influence peddling? >> newt gingrich was asked to join fred doe mcfor tr strategic advice. it started to go down under carter annex paepbd under khreupand expanded under clinton. he was brought in to see if they could go in a different direction. ultimately he was asked to decide if they should be dispanded. what is never said is mitt romney has earnings from fed demcand fanny may. he was a keynote tpaoebger at freddie mac in 2004. he didn't complain about them then. by the way, mitt romney's burks ndlier list, all of them are on

Bankers about how to break themselves up. cutting expenses have at it >> i am not seeing it yet. >> victoria, is this a good or bad thing this meeting? >> they have to go to conferences. send your guys to a conference, but do they have to sponsor. is their visibility not high enough. they should not be spending money conferencing, go and do not sponsor them. rich, what do you think? >> i would like to point out two years ago president obama was bashing private banks for holding conference and that nearly killed city of las vegas tourism. fanny may and freddie mac should be broken occupy a they...