If it is a small rate raises, [there will be] no impact.
You can design a mortgage system that is different without a Fannie and Freddie, but there are principles you have to have, to have a good system.
The government has the right to change laws and rules and regulations.
It's hard in all countries. Democracy is hard, but it's better than the alternatives.
Part of the reason some Japanese companies have underperformed financially was corporate governance and board structures.
I hope the story of 2011 is that America gets its mojo back. You've got to remember that America has the best universities; it's got some of the best businesses. It's got an unbelievable work ethic, rule of law. The story of 2011 will be America blossoming again.