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So people understand, these are now being used, the money, as mortgage mitigation. >> foreclosure mitigation. >> foreclosure mitigation. >> we're spending more and more of your money to fix mortgages, to basically, when people decide-- they defaulted if they think it's too much and borrowing too much we're lowering their principal and their rates and finding a way to keep them in houses even if they shouldn't be there, because they can't afford them. >> paul: what kind of magnitude are we talking about? >> it's huge. just look at fannie mae shall they reported their 11 1/2 billion dollar loss,...

So people understand, these are now being used, the money, as mortgage mitigation. >> foreclosure mitigation. >> foreclosure mitigation. >> we're spending more and more of your money to fix mortgages, to basically, when people decide-- they defaulted if they think it's too much and borrowing too much we're lowering their principal and their rates and finding a way to keep them in houses even if they shouldn't be there, because they can't afford them. >> paul: what kind of magnitude are we talking about? >> it's huge. just look at fannie mae shall they reported their 11 1/2 billion dollar loss,...

Retire the debt. the problem is us suggest using $15 billion of the money. the president suggested $50 billion for mortgage mitigation, there was a $30 billion small business fund. it seems like a congressional checkbook for $700 billion more dollars for spending. >> i voted against bailout because it was wrong for government to interfere. we have a national emergency here with unemployment. 16 million people out of work. the private sector is not creating jobs, they're creating job vacancy, laying people off. so if somebody has a better idea creating a million job openings. i'm ready to liste...