and the top executive of ginnie mae received an annual salary of less than $200,000, and ginnie mae didn't seem to factor into the problems that fannie and freddie have had. so my question, my question is, and i to support the bill, just what is, what are we talking about with section 1206 of the financial institutions reform act? how is the salary of fannie and freddie ceos and executives figured? >> the standards that will be your lives will be of comparability as there are other entities that will be currently paid under this schedule, the schedule being the federal institutions reconstruction reform enforcement act. and they compare salaries in setting their salaries. >> you have an example of what some of these other entities then are paid? >> i can tell you that the maximum that is being paid is $255,000. currently the fdic is that about 162000, nine. the ncaa chairperson makes about 162, nine. the general counsel for the ncua makes about 265 council. so it puts them all in the 200,000 plus range. >> thank you. i yield back. >> ms. slaughter? >> thank you very much. i just want to be

ginny happened to be out of town at the time, so marx was free and engels was free as well.i can imagine a must of been so thrilled to find someone that actually knew what the other one was thinking and understand what was needed, not that he actually knew what would happen, but they knew the direction of the world. >> shortly after that, engels takes marx to manchester for a month and a half, two months being prepared. that was him really seen firsthand. >> guest: there is not a match of it. i don't know if you're reading this have ever come across -- >> i enjoyed the way you said this is what he saw. this is what is happening and how that must of the fact day. ask al marx up until that point had networkers in paris, but these were already exiled workers who are artisans. they were the masters of their trade and already politicized. they've never seen the new group of new factories that were destroying people's life and i were going to be the future. he brought them to manchester and the only description we have of what happened there is fran angles years later when he says

get more unusual, herman cain showed up on a conservative website this morning being interviewed by ginnihomas, the wife of supreme court justice clarence thomas. the message -- another black conservative is being mistreated by the media. >> that is the d.c. culture -- guilty until proven innocent. >> reporter: clarence thomas was accused of sexual harassment by anita hill during his confirmation hearings and in the eyes of many conservatives was badly treated by the media. >> there are lots of conservative journalists he could have sat down with, but only one would have reminded people of clarence thomas and the anita hill affair. >> reporter: amidst the media frenzy cain's fund-raising has actually soared. advisers say he's collected more than $1 million online in four days. cain was pressed by conservative sean hannity about the reports this week that three women complained in the 1990s about cain's inappropriate sexual conduct. >> sean, this is absolutely fabrication, man. i don't know what else to say? how many more ways can i say this stuff is totally fabricated? >> reporter: earlie

. >> this thing was ginnie thomas interview cain and that's another bad move. why would you do that? >> why would newt gingrich do anything at all, just keep your mouth shut. >> there's a gingrich-cain debate this weekend. >> i don't think they're going to bring it up, something tells me, just a hunch. >> you think, huh? all right, coming up on the 5, remember the stimulus? how can you forget? guess what? over 100 criminal investigations underway right now, and that's just in the energy department. details straight ahead. >> welcome backed to 5, and that amazing stimulus bill that the president always tells us saved our economy? but the truth is, there may be criminal activity involved. shocker. there are more than 100 critical investigations underway. and how do you defend 100 criminal investigations on the stimulus that they touted and are still shouting from the rooftops. >> i had to read that over yesterday because surely they couldn't mean 100. su guys are on your own, because 100 investigations? that basically means to me that they had so much money throw

ginny.../ &pp patterson...// were... killed in the fire...//. in.... eptember...// áábotháá...als .../ ááwelláá.... respected...// byy.. the community. the son of a russian woman who maryland is noo being investigated in her murder. 3 this is yula pogrebenko.her son, dmitry pronnn is suspect in her deeth.hee body was found in tte hesappake bay innjune. she was traveling from new york city disappparrd. hen she - pronin has ánot been charged. but he is already in jail---- servvng ten yearssfor a bank &probbery in delaware. thh... of... the.../ baltimore county... police union.../ ááisáá... sgt..../ cooe... weston.../ is... acccsed.../ of...// assaultingg../ a... / motooist...// in... parkville...//áátheáá... river... was..../ waiting.../ for... a cuutomer .../ to... pay a fare..../ when... áheá claims.../ . weston ...pointtd a gun....// ááándáá... hit... him...// ááwestonáá... pled.../ guiity... to an assaull charge.../ in march ...//// áátoniteáá... he's... suspended.../ pending... the outcome .../ oo... theecase. it's something that rarrly happees...an attorney handcuffed in a

. >> this thing was ginnie thomas interview cain and that's another bad move. newt gingrich do anything at all, just keep your mouth shut. >> there's a gingrich-cain debate this weekend. >> i don't think they're going to bring it up, something tells me, just a hunch. >> you think, huh? all right, coming up on the 5, remember the stimulus? how can you forget? guess what? over 100 criminal investigations underway right now, and that's just in the energy department. details straight ahead. my name is robin. i'm a wife, i'm a mom... and chantix worked for me. it's a medication i could take and still smoke, while it built up in my system. [ male announcer ] along with support, chantiis proven to help people quit smoking. it reduthe urge to smoke. some people had changes in behavior, thinking orood, hostility, agitation, depressed mood and suicidal thoughts or actions while taking or after stopping chantix. if you notice any of these, stop taking chantix and call your doctor right away. tell your doctor about any history of depression or other mental health problems,

ginnie mae, that is the other gse, there are three. there is ginnie mae and freddie and fannie.executive is only paid $155,000 a year, not five million. or over five million as both of these executives are. this is a very rich package. i don't think that anyone in america believes that you can't hire qualified people for less than $5 million plus a big known -- bonus of a million dollars. jenna: last time i checked i don't think you congressman get bonuses like that or last time i checked anybody that works for the government. congressman, why hasn't the bill gained more traction? if what you say is true and sounds like an accurate description what is going on there, why has it taken out so long to figure out a way to look at these compensation packages? >> in 2009 the obama administration put the brakes on them. in fact president obama who spoke out against aig bonuses and bank of america and really private sector bonuses. think of this, for a minute. these are actually corporate money. they are shareholder money. they are not even taxpayer money. he has been strangely silent.

you have ginny sanford, the wife of mark sanford. she said in part if the media spent more time airing details on the thoughtful proposals put forth instead of highlighting the best debate quips or newest allegations, we might have an interesting race for choices. with that said, should we talk more about the allegations that herman cain's campaign took tens of thousands of dollars violating election laws. are we missing something by getting caught up in sexual harassment or equally important? >> when it doubt, doubt the media especially in a conservative race for president. the media is always a good target for republicans. it's a tried and true playbook and i'm surprised it took him so long to go there. >> he went there the first day. >> that's true too. to go there in an organize and concerted way, should we talk about other aspects of candidacy? sure. it would be ludicrous to suggest that the media has not talked about his policies and the 9-9-9 plan himself catapulted him to the status he has. reporters will continue to talk abo

he showed up on a conservative website being interviewed by ginny thomas. >> that is the culture. >>sed of sexual harassment by anita hill during his confirmation hearings. cain supporters use that as a rallying cry in a new web video that features thomas himself. >> it is a message that unless you kowtow to an old order, you will be lynched, destroyed, caricatured rather than hung from a tree. >> in the eyes of many conservatives, cain like thomas, is a victim of the media. >> now we're getting the high-tech lynching of a beautiful man, herman cain. >> clearly some of cain's supporters are rallying round. his distributions have soared, more than $1.2 million this week. on thursday cain took a brief break from the controversy to meet with former secretary of state henry kissinger. later he was back to telling sean hannity that all of the allegations are false. >> sean, this is absolutely fabrication, man. i don't floe what else to say? how many more ways can i say this stuff is totally fabricated? >> politico, which first broke the story, is now reporting that the incident with one o

that the ap ended up introducing and then you have the situation where you have herman cain went on ginny thomas on an interview, basically said, look, washington, d.c., always guilty before being proven innocent. >> what is remarkable and i want to play the blame game, it went from the media's fault and now rick perry's fault. mark block, now famous or infamous for the famous smoking ad where he smokes at the end. he is the chief operating officer, basically campaign manager. he was talking about the blame game. let's listen. >> in 2003 herman cain ran for the senate. he hired a general consultant, curt anderson, mr. cain divulged the nra claims at that time to his general consultant. >> national restaurant association. >> exactly so the campaign athat point would be prepared if the issue surfaced. it did not. approximately two weeks ago as you know, mr. anderson went to work for the rick perry campaign. what else happened about two weeks ago? politico began this smear campaign citing anonymous sources claiming mr. cain acted inappropriately. >> in the interest of fairness, i want to rea

cain, but interestingly enough, it's ginny thomas, wife of charns thomas and a contributor to the daily caller. at this point the cain campaign blamed the media and the perry campaign and the romney campaign and they called the accusations baseless after denying the existence of the allegations themselves. the pay out to one of the victims didn't happen. oh, wait, it did happen, but that was the lawyers. everyone appears to be at fault apart from one person. herman cain himself. my next guest is a vocal supporter of mr. cain. so vocal some took offense at racially charged comment he's made gathered for a cain rally at a texas dog track. >> it's the democratic party that's the racist. the party of the ku klux klan and the party of segregation and the party of the kkk. they are the racists. >> i'm glitdelighted to bring t founder of raging elephants.com. good afternoon, sir. >> mr. bashir. thank you for the invitation. i made it to the big time. i am msdnc. >> it is not actually that, but mr. cane is behind the emergence and you are from texas. do you agree? >> i have no idea. i am not af

the ginnie are going out to a known problem spots and will be working tirelessly to keep the limbs away from the lines. when gus expected up to 60 mi. per hour. pg&e says the falling tree limbs are a major source of power outages and they want to do what they can to get them trimmed before the plenty weather comes our way. >>justine: it is foggy outside. my flight was delayed for about three hours. i basically landed in and came straight to work. >>reporter: current temperatures at 53 for san francisco, 54 at half moon bay, 41 in santa rosa. a very chilly 38 in napa. we talked about the fall, you can definitely see it on fog tracker 4. it looks like we are socked in in san francisco. as we mentioned, heavy fog in the north bay as well. there is all along the carquinez strait. fog is heading to oakland and 580 as well. as you can see, the fog will start to clear. we are mostly affected in the inland valleys near vallejo and concord. by noon, it looks like no one will see fog. it will completely blown out of here. we have some very strong winds in the forecast. first, here is a look at yo

writing those people it was in his hand but if he had to read any sort of mailing it was only through ginny said he had to keep involved. >> guest: she asked for it than in an earlier letter where she says -- >> guest: she had a dream in fact he was worried that she had been flirting with another man and so she was worried that he was going to have a dual but she secretly hoped he was and his hand would be cut off and he could then transcribe his wonderful words for the world and that's what she did. >> host: is there a theme in your book? if you were to try to summarize what is the overarching theme may be that you've discovered along the way was when you started with? >> guest: i don't know if i can think of the scene. i can tell you what i think for me was most important in coming out of this story, and that was sometimes i think today we think that we allow systems that don't work anymore to continue because we think that it's always been this way, that it's been this way for a very short time. when i was reading this book not just with marx but the people around him and the struggle of

what good the risk retention rule that we have right now will do if we exempt fannie and freddie and ginny and loans with down payment of 5% or more. that sounds like just about every loan that is made out there. also fannie and freddie had risk retention previously, and we see where that got us. so i believe that a better form of risk retention is an improved standardized reps and warrants system that includes a stuff that insures investors' claims will be honored at the end of the day. so the legislation also provides a much-needed fix to the qm, the qualified mortgage definition created by dodd-frank. we insure that loans that meet this test are able to qualify for a true safe harbor instead of remaining summit to liability, and to bring private investment back to our mortgage market, it's essential that the rule of law is clear, specific and upheld. investor rights and contracts must be honored, so by facilitating the adjudication of disagreements between issuers, clarifying rules around the lien holder's rights and by preventing forced loan modifications that would negatively impact i

1943 where he was in the battle of cape and new britain in the part of new beginny, and it was -- ginnie, and it was a friendly fire incident where he and his unit took a hill, and the american planes coming in thought they were japanese on the hill, and they strafed the hill, and everybody in the unit was shot, everyone killed or wounded. the only one not shot was by dad. he told me, you know, growing up that every christmas day he remembers he's grateful for being alive, that somehow he survived that incident, and i tell the longer, you know, story of it in the book. my incident, of course, i was opposed to the vietnam war, and as i became near draft age, i'm thinking what will i do? i'm not going to kill vietnamese, and so i -- i and some buddies, we decided, we were like 16 or 17 years old, we were not going to go to jail. we were not go do service, some other service, you could do that for the government. we decided to move to canada if we had to. we knew nothing about canada, and one day we took a car and a boat over to port huron michigan to do a dry run, see how to escape to cana

the ginnie was testing a natural gas pipeline. they were pumping water through it when it burst. this section of the pipe that burst is a few hundred feet away from to 80. ct shut down the highway while they removed the debris. the pipeline being tested for weak points was cleared of gas before they started testing. the pipe, although it was a different age in diameter, the broken pipe line is the very same line as the line that exploded in san bruno last year killing eight people and destroying 38 homes. will transfer to a piccinni expert about the pipe this morning and has more. >>will: they say the pipe is 64 years old. it is about a quarter of a mile from where we are currently located. they will try to remove the pipe by maybe sometime tomorrow. third crews overnight lie to this id to which the. it did not cause any injuries or damage. none the less we did get a chance to speak with an executive who says this test did exactly what it was supposed to do. >> raising pressure as well above what a pipeline would normally operates a that we can't find any weakness. this is good n

>> we did not consider the fha commissioner or the head of ginny may to be market comparables to private companies that operated with all the liabilities and responsibilities of around private company -- of a private company. and we're certainly, being government employees, are well aware of the compensation that those executives have. >> so you're saying that you did not make a comparative analysis of other house agencies that might have some of for same responsibility -- some of the same responsibility although certainly not as much and certainly not of exactly the same type? >> that's right. i'm saying that we did not find that to be, to be a comparable to two private companies who were operating in the marketplace with all the legal responsibilities and liabilities of private, complex financial institutions. >> do you think that the federal housing administration, ginny may and other agencies who seemingly were doing much better did not take into consideration the same factors and the same market and the overall conditions of the economic climate? >> if i can -- i'm not sure i follow

>> we did not consider the fha commissioner or head of ginnie mae to be market comparable to privatenies that operated with all the liabilities and responsibilities of a private company. government employees are well aware of the compensation that those executives have. >> you are saying you did not make a comparative analysis of other housing agencies that might have some of the same responsibilities, although certainly not as much and certainly not of exactly the same type? >> that is right. i am saying we did not find that to be comparable to two private companies that were operating in the marketplace with all the legal responsibilities and liabilities of private, complex financial institutions. >> do you think that the federal housing administration, ginnie mae, and other agencies, who seemingly were doing much better, did not take into consideration the same factors and the same market and the overall conditions of the economic climate? >> i am not sure i follow the question, but certainly, government employees have a completely different set of benefits and personal liabilitie

cain sat down for a sympathetic interview for the website daily caller with ginny thomas, the wife of a supreme court justice, clarence thomas. she asked cain if he was being set up by the media. >> that is the d.c. culture. guilty until proven innocent. >> reporter: this morning a pro-cain political action committee is running a new ad at attacking the left and the saying it is motivated by race. more than two decades ago. >> it is a high-tech lynching. >> reporter: supporters in high waw say at this point they're not disturbed by the accusations, standing by cain two months before the caucus. >> i don't think it's going anywhere. i think the national news have pushed it. for everyone i talked to, it is a nonissue. >> it could become an issue today. whether one of cain's accusers will release a written statement and that could provide some details and keep the story going. chris? >> cbs' jan crawford in washington for us, thanks. >>> now, let's bring in chief washington correspondent and host of "face the nation" bob schaefer. good to have you with us this morning. >> thanks, rebecca

enormous amount of mandated congressional oversight after the 9/11 disaster, we had oversight of fha and ginny may, the affected gulf states of katrina and rita, and you can imagine the amount of activity that was going on, certainly, with the mortgage fraud activity. i was proactive, i had a proactive sense of urgency, and my position was zero tolerance when those wrongdoers who might attempt to commit fraud and abuse their authority. i would often address my concerns to the didn't, and the fact of the matter is -- to the department, and the fact of the matter is recapturing current and future funds due to compliance. i further expressed my concerns about compliance, controls and information systems relating to the home program. of those 60 audits, on 12 separate occasions hud came to us and asked me to address their concerns with regard to some of a -- some of these rams. i directed orders problem completed on those 12. the secretary off expressed the importance of home programs based on the positive experience he had done involving his new york practice. the answer, in sum up, is aggressive

oversight involving the reed ifill bet wally after 9/11 disaster which had oversight of fha and the ginnie mae, the effect of gulf states, katrina and rita and quite frankly you can imagine the amount of activity going on certainly with a mortgage from activity new everything i did my position was a zero tolerance when the wrongdoers that might attempt to commit fraud and abuse their authority. i was often express my concerns to the department and the department received that in a very formal sort of way and the fact of the matter is, experts are concerned about the current and future funds deutsch to compliance. i further express my concerns about the compliance controls and information systems related to the home program. although 60 of its on 12 separate occasions they came to us and asked me to trust their concerns with some of these programs and in fact i directed the audits to be completed on those. the secretary of the expressed the importance of home programs based on the positive experience that he had done involving his new york practice. the answer to sum up is the fact aggressi

appreciate these upper ginny's for oversight hearings. as i indicated to you, because of my infamous gang of six, i'm going to have to leave and a half an hour for another meeting that the can't avoid. and so i will be missing a lot of that testimony. i will try to identify a few areas of concern so that i can submit questions as well following the hearing for the responses. i do believe that the issues we're dealing with today are critical. we must continue to do things strategic the above which areas of the market pose the greatest risk and which areas of potential improvement of the greatest benefit for investors. the objective should be to apply the taxpayer resources in a way that provides the biggest investor protection bang for the buck. in addition to these important issues other 40 hearing from our division directors. the sec on dodd-frank implementation questions on ways to promote capital formation. with regard to capital formation, today the sec is holding two panel discussions on the issue. one focuses on current capital form

appreciate these upper ginny's for oversight hearings. as i indicated to you, because of my infamous gang of six, i'm going to have to leave and a half an hour for another meeting that the can't avoid. and so i will be missing a lot of that testimony. i will try to identify a few areas of concern so that i can submit questions as well following the hearing for the responses. i do believe that the issues we're dealing with today are critical. we must continue to do things strategic the above which areas of the market pose the greatest risk and which areas of potential improvement of the greatest benefit for investors. the objective should be to apply the taxpayer resources in a way that provides the biggest investor protection bang for the buck. in addition to these important issues other 40 hearing from our division directors. the sec on dodd-frank implementation questions on ways to promote capital formation. with regard to capital formation, today the sec is holding two panel discussions on the issue. one focuses on current capital form