>> i love freddie. anybody who said to me i was losing in a fight in miami, and you aren't doing too good and about even. the other guy was beating me a little bit. i went back to the corner. my hometown. and freddie goes like this, you want to go back to acting? and i said, no. and he goes like this. boom. then you get in there and knock him out. tavis: pretty good. >> freddie is great. legendary. and great fighter. passed away. give my condolences to marvis and his family. smoking joe. a legend. yeah. i like joe. he was a piece of work. tavis: so to your point now, the point you made a moment ago about freddie asking whether you wanted to go back to acting. so this is it for you the rest of your life. you're comfortable now in this space, this acting space? >> yes. yes. tavis: this is it? >> i feel very blessed that i've had the opportunity to come back and do this again. i mean, in any line of work, no atter what y d u gyo't you don't get the second wh chance. and even with sports you don't get a sec

extolling the benefits of freddie. in an interview posted on freddie mac's website, this is my favorite quote. the former speaker said quote, i'm convinced that if nasa were a government sponsored enterprise, we probably would be on mars today. we have a much more liquid and stable financing system than we would without the gses. that refers to freddie mac. stable? housing prices are down 24% from their peak and the facts are, no matter what you believe about freddie's contribution to helping people buy homes in this country, the fact is that america's home ownership rate today is about 66%, almost identical to canada's 68% and canada has no taxpayer subsidized institution like freddie. and more r outrage. freddie still owes 56 milli$56 billion to taxpayers. that's part of the $71 billion bailout they were handed during the crisis. that is more money than any bank in this country ever got. so just how much will gingrich's ties to freddie mac hurt him in florida? in florida, 44% of homeowners at this moment with under w

bein freddie and fannie overtime.educe that until we get rid of fannie and freddie. the bigger issue here is, these two gentlemen who are out distractsing from the most important issue wes have playing meti personal politics. can we sets a aside that newt was a member of congress and used the skills that he developed as member of congress to go out and advise companies and that's not the worst thing in the world and that mitt romney is a wealthy guy because he worked hard and is going out working hard. leave that alone and focus on the issues. >> we're going to take a quick break but have a lot more to discuss. coming up, the debate questions. the final frontier. going to space. stay with us.

he was under contract with freddie mac for roughly six years. mr. gingrich has done himself nol favors in responding to that criticism when his first instinct was to say he wasn't paid for lobbying or consulting, more paid as a historian. >> your firm was paid $300,000 by freddie mac in 2006. what did do you for the money? >> i offered advice. my advice as a historian when they walked in and said we are making loans to people with no credit history. >> historians at that point crying out how much hundreds of thousands? how do i get a gig like that? the his storian line also led to this attack ad in florida by mitt romney against mr. gingrich. >> while florida families lost everything in the housing crisis, newt gingrich cashed in. gingrich was paid over $1.6 million by the agency that helped create the crisis. >> i offered advice, my advice as a historian. >> a historian? really? >> the micro context of this release tonight is that mr. gingrich seems to be attempting to nip this criticism in the bud by having his former consulting company release th

what exactly is freddie mac. right now is this all goes back to a fully public institution it was created one hundred thirty eight running up privatized in sixty eight by learning johnson because he wanted to get basically any cause that might make the vietnam war look bad off the books exactly and so where what is it now well god only knows because what if you're a couple of key lessons out of this great story that was just done by pro publica and then p.r. the regulator responsible for freddie says that well here's what happened basically freddie mac. put in more than three billion dollars while it was being owned by the u.s. taxpayer and rescued by the u.s. taxpayer to the tune of more than one hundred forty billion dollars it bought three point four billion dollars in financial instruments that were essentially betting against the very same struggling homeowners who can't refinance and are stuck with high interest rates it's betting again freddie mac. customers it's betting against its own customers at the sa

mortgage giant freddie mac. was betting billions of dollars that struggling homeowners would foreclose in two thousand and ten in two thousand and eleven a time in which freddie mac. should have been helping those same struggling homeowners refinance their mortgages despite touting on its website that its mission is to quote stabilize the nation's residential mortgage market and expand opportunities for homeowners ship this investigation shows freddie mac. was doing just the opposite the stabilizing the housing market making profits when people were being kicked out of their homes so how did a public service go so wrong for more on this richer esko joins me in the studio he's a senior fellow at the campaign for america's future richard welcome back good to be here tom great to have you with us. what exactly is freddie mac. right now in this all goes back to a fully public institution that was created one hundred thirty eight running up privatized in sixty eight by learning johnson because he wanted to get basica

he was under contract with freddie mac for roughly six years. mr. gingrich has done himself nol favors in responding to that criticism when his first instinct was to say he wasn't paid for lobbying or consulting, more paid as a historian. >> your firm was paid $300,000 by freddie mac in 2006. what did do you for the money? >> i offered advice. my advice as a historian when they walked in and said we are making loans to people with no credit history. >> historians at that point crying out how much hundreds of thousands? how do i get a gig like that? the his storian line also led to this attack ad in florida by mitt romney against mr. gingrich. >> while florida families lost everything in the housing crisis, newt gingrich cashed in. gingrich was paid over $1.6 million by the agency that helped create the crisis. >> i offered advice, my advice as a historian. >> a historian? really? >> the micro context of this release tonight is that mr. gingrich seems to be attempting to nip this criticism in the bud by having his former consulting company release th

newt gingrich we know made $1.6 million in his dealings with freddie mac. certainly not as a lobbyist but as a his torn. >> now he says he was a consultant. >> shepard: consultant but certainly not a lobbyist. >> he had somebody come in to say what a citizen can do and what a lobbyist could do and he didn't go over the line. of course barack obama made a lot of money too. >> shepard: you did too. >> ill understand that i'm not running for president. >> shepard: not yet. >> not ever. >> shepard: thank goodness. i would campaign for you though. you know i would. >> that's another reason i won't run for president. >> shepard: great to see you though. chris wallace every "fox news sunday." this sunday chris will be welcoming the wisconsin republic congressman paul ryan the chairman of the house budget committee. we will have the state of the union here down the dial on big fox online and on fox news radio. has fox on it and state of the union tonight. don't miss the state of the union address 9:00 eastern time in sean hannity's normal spot right here on fnc. on

he's getting paid by freddie mac.gave him a lot of rhetoric about being paid by freddie, but in 2012, a deal will happen that freddie won't want. >> this was in 2006, a year of mid-terms just before the democrats. >> i thought they only paid him for that brief period. >> the commercial that romney took out right now is saying it it paid him $1.7 million. if you go 25 grand a month, my math is telling me it's a little over six years, isn't it? >> that couldn't work. i think the contract was before that. i'm pretty sure from what i've read, the contract was during the period of republican control. gingrich is forced out of the house by his unsuccessful speaker -- >> is this a problem for gingrich, in your opinion? >> it would be by any normal standard and it will be, i think, in november. but again, gingrich has got behind him people that are so angry that all they want is that you be angry. in some ways the more outrageous the conduct the better they feel because that shows that your anger is what counts, and i believe

in governor romney's tax documents, they invested in freddie and frannie. >> is by tarring him with freddie mac that it nullifies what -- >> think it's pathetic to be frank with you. i don't think one job was created, one house was saved from foreclosure and one voter out there learned much about anything. i have to laugh. kevin's an old friend and respect him greatly. if i see one more person with images of the capitol and washington monument and talking about the washington insider of gingrich. the job for president of the united states is washington, d.c. you have to have a relevant experience for that job. you can't parachute in. i noticed something by omission that governor romney and smart people like kevin do all the time. they never talk about the record of governor. the fact is he doesn't just have a back ground in the private sector and the winter games. he was govern nor for four years. >> kevin, we thought the race would tighten in florida. 23 points closer than two weeks ago. what happened to your candidate in your opinion? >> well, look. i think this always happens. kelly and

mac and return the funds he made from freddie mac. i wouldn't have normally suggested that other than he was the one that said if you made money on this failed model you ought to return that money. >> within hours of that, the gingrich people released the 2006 contract. you'll recall he's struggled in the past to explain the work he did for freddie mac and reconcile what appears to be beltway insider buck raking with his anti-beltway establishment campaign. is the what he said in november. >> i have never done any lobbying. every contract was written during the period i was out of the office and specifically said i would do know lobbying and offered advice as historian when they said we are now making loans to people with no credit history and have no record of paying back anything, that's what the government wants to do. i said to them at the time, this is a bubble, this is insane, this is impossible. tonight, one year of the contract is out. ur political anl list gloria borge has the late details on it. the contract doesn't really t

what has freddie mac said about just that key question? >> well, freddie mac has said that they're not going to comment on the inner workings of its portfolios. so they referred us, basically, to their regulator, which did issue a statement yesterday that was interesting in some ways, if you want to talk about that. >> tom: yeah, we'll quick. give us the idea. this is the federal housing administration regulator of fannie mae and freddie mac, both in conservatorship. did it defend the portfolio trades? >> one thing as a reporter you look for, nothing in the statement said that we had gotten any facts wrong. you also look-- did we get the story right? >> tom: did not quibble with the analysis. >> did not quibble with any of the facts in the story. i believe they were trying to say, look, we have a huge portfolio, hundreds of billions of dollars. these trades were only several billion dollars. but we're talking about $3.5 billion worth of trades tied to $20 billion worth of mortgages that involved tens of thousands of real homes and real hom

senior fers of freddie mac relative to strategize on approaches to freddie mac business opportunities and challenges. mitchell was fred i pack's senior vice president for government releases. in other words, their chief lobbyist. according to open secrets database, he was indeed a registered lobbyist for freddie mac. so speaker gingrich's contract specifies activities that are right at the intersection of freddie mac issues and public policy. he's being specifically hired to work with freddie's head lobbyist. whoever drew up the contract seemed to realize it's lobbying but everything but names. on page 14, there's this, nothing herein is or shall be con trued as an agreement to provide lobbying services of any kind or engage in lobbying activities. kevin madden is a former romney spokesman and a romney supporter. also a senior advicer to the gingrich campaign. kevin, could it be a mistake for the romney campaign to push this attack when their own campaign might get caught in the cross fire? >> it's an important part of the contrast you try and place before voters in florida. right now

. >>> newt gingrich has released the contract he entered into with freddie mac. he'll be joining us in just a moment to tell us exactly what has been released tonight and whether or not the story come ports with newt gingrich's previous explanations of exactly how he earned that money from freddie mac. conservatives have developed a critique of what happened during the financial meltdown during the bush presidency, plays down the importance of wall street and plays up the importance of freddie mac and fannie mae and other things promoting home ownership. so it's made public that he took consulting fees while working for a home mortgage agency. mr. gingrich has done himself no favors in responding to that criticism when his first instinct was to say he wasn't paid for lobbying or consulting, he was more paid pas a historia. >> your firm was paid $300,000 in 2006 by freddie mac. what did you do with that money? >> my life as a historian was when he came up and said. >> how many hundreds of thousands? how do i get a gig like that. the historian line also led to this

for freddie mac priority issues. also to engage in discussions with plichal delk and other senior officers of freddie mac relative to strategize on approaches to freddie mac business opportunities and challenges. that was the senior environment of government relations, their chief lobbyist. according to open secret database, he was indeed a lobbyist for freddie mac. speaker gingrich's contract specify issues of public policy and he was specifically hired to work with freddie's head lobbyist. they could get the impression that lobbying in everything but name, but there is this. quote, nothing herein is or shall be construed as an agreement to provide lobbying services of any kind or engage in lobbying activity. kevin is a form er spokesman. kevin, could it be a mistake for the romney campaign to push this freddie mac attack when their own campaign might get caught in the cross fire? >> it's an important part of the contrast you're going to try to place before voters in florida. right now, i think voters are going to h

abc's jim avila has the story. >> reporter: when freddie mac went nearly bankrupt, american taxpayers bailed them out. but when jay and bonnie silverstein like many american homeowners, asked to lower their payments, the answer was no. >> we are in financial jail. >> reporter: if they could have that rate reduced to 4%, the current average, they'd save $500 a month. but freddie mac, the government-run mortgage giant, that's supposed to make it easier to own a home, won't let them refinance. >> it just flies in the face of common sense. >> reporter: and it makes them angry, because it turns out freddie mac is making money from homeowners like the silversteins, by keeping them stuck in higher interest loans. a joint investigation by national public radio pro publica has found freddie mac has invested a billion of its own monet betting against those loans coming down. >> when the homeowner refinances, freddie mac now loses. >> reporter: legal, but critics now call it a clear conflict of interest. >> what you're doing is telling homeowners, "gee, i'm going to stop you from refinancing, an

. >> hola, freddy. ♪. >> yo no le entiendo nada, amiga.dijo, tipo, deja de preguntar. >> es que... yo no entiendo por qué no te dice la verdad. >> yo tampoco, kari. >> pues la verdad es que es muy importante pa mí encontrar a mi mamá. >> te entiendo, moni. yo estaría haciendo lo mismo. >> ... ♪. >> ¿mi hija? ♪. >> ¿mamá? ♪. ♪. >> moni. >> mi mamá. >> ¿tú mamá? ¿dónde? >> ahí, mira. >> ¿dónde? >> ahí, en frente. del otro lado de la acera. ♪. >> mónica ¿estás bien? es que no está. no está. >> mi mamá no está. >> ¿segura que la viste? >> claro... ¿o no? >> amiga... igual y tienes tantas ganas de verla que crees que la viste. ♪. (suena el timbre). >> ¿qué onda rebe, pidió piz o qué? >> ay no pancho, por favor olvide el timbre. >> pues lo que usted diga. (suena el timbre). >> chale, rebe. go me dice que tiene que abrir. >> no puede ser. ♪. (suena el timbre). >> ya voy. ¡carambas! >> buenas noches, rebeca. tengo que hablar contigo. >> arnold, estoy ocupada. >> no, no está pasando algo muy grave. >> no pueso en este momento atenderte. >> se trata

when we continues tonight, mortgage giant freddie mac accused of making multi-billion dollar bet and boo training american homeowner. >> bay area drug manufacturer tries to win atravel for a pill to prevent hiv but could have unintended consequences. >> also tonight. house that was destroyed by fire and now can't be rebuilt because of a was destroyed by fire and now can't be rebuilt because of a flood >> now we know whether ferries really is coming back. another >> now we know whether ferries really is coming back. another half hour of news continu eople chatting] >> now we know whether ferries really is coming back. another half hour of news continu everyone, it's $37 a piece. paying with your smart phone instead of cash. that's a step forward. with chase person-to-person quickpay, you can send money directly to your friend's checking account. all you need is their email address or mobile number. don't worry honey, i'll show you. thanks everyone. so take a step forward... and chase what matters. >> good evening thanks for joining us. we begin with another revelation tonight causing

the contract released from freddie mac said i would do no lobbying, none. we began digging in because i had enough of this. we discovered to our shock, governor romney made $1 million off of selling some of the freddie mac and fannie mae stocks. he has an investment in goldman sachs which is today foreclosing on floridaens. maybe his fear of openness should tell us how much money he's made off of households that have been foreclosed. >> my investments are not made by me. my investments for the last ten years have been a baseline trust, managed by a trustee. secondly, the investments that they made we've learned about this as we made our financial disclosure should be in mutual funds or bonds. there are bonds the investor has held threw mutual funds. i know that sounds like an enormous revelation. have you checked your own investments? you also have investments in mutual funds that also invest in fannie mae and freddie mac. >> rick santorum tried to pull some of the attention away from gingrich and romney. he a standout moment, many of them had a really good

mac freddie. >> given his closeness from fannie mae and freddie mac inconceivable he could be fair to bill and protect the taxpayers. john mccain should have said obama are you pretaryed to give back the money freddie mac and fannie mae gave to you? >> experts say the activities similar to lobbying likely did not meet the legal definition of it. >> you have to meet with a federal government official and spend 20% or more of your time lobbying or doing lobbying activity and spend certain money in three-month period lobbying. >> gingrich accused romney of owning stock in fannie and freddie but they said it was a bond. with no controlled buy or little yield for romneys. romney offered reward for anyone who can produce the remainder of the gingrich freddie mac contract. james rosen, fox news. >> bret: we'll preview the "state of the union" address when the fox all-stars join me after a break. >>> based on what i read about the "state of the union" speech it sounds like it will be a rerun of what we heard in the last three years. more spending, higher taxes, and more regulation. the presid

he is getting paid by freddie mac, zero happens that fannie and freddie don't want. >> this contract started on the first day of january, 2006. it was the year that mid-terms obviously before the democrats took over the house in the mid-terms. whether that means anything or not, i don't know. >> when did they stop paying him? i thought they only paid him for brief period. >> the commercial that romney has taken out right now is saying it paid him $1.7 million, so if you go 25 grand a month, my math is telling me a little over six years. isn't it? >> that couldn't work because -- i think that goes -- i think the contract was before that. i'm pretty sure from what i read the contract was during the period of republican control. gingrich is forced out of the house by his -- unsuccessful speaker. >> is this a problem for gingrich, in your opinion? >> it would be by any normal standard and will be, i think, in november. but gingrich has got behind them people who are so angry, that all they want is that you be angry, and some ways more outrageous the conduct the better they feel because t

gingrich's enterprises had with freddie mac. it's been posted on a web page for the center for health transformation and that's one of mr. gingrich's former entities, it was a 2006 contract and there have been others, but this is one, this is the company that mr. gingrich separated himself when he formally declared his presidential campaign in may of last year and the documents posted now on the web just hours before the next dehe bait. >> and this is just breaking now, gingrich said along the way that he was acting in his roll as a historian and many in his own party, well, frankly kind of laughed at that. >> well, mitt romney has said that newt gingrich is clearly a lobbyist and if it looks like a duck, talks like a duck, it probably is, because mr. gingrich was talking to a client and member of congress and romney campaign asserted that's no way that's not lobbying. and the debate credited to picking up a former bachmann staffer something of a debate prep expert and a lot of the former campaign are now seeing their staffers t

it's not new. >> it wasn't freddie mac, but it wasn't unrelated. but maybe with a little bit of help, people can get a little bit of an education on some of these things. and the good news is, at least the decisions are going to be made more on debates than on the air pollution and the ads running all over florida. >> why do you say that? people are fearful of the super pac. >> i'm not saying they are not relevant. we need a constitutional amendment that says that. it is perverting our process in a lot of ways. but fortunately, sometimes it's good to look at the glass half full. the spine of this republican contest so far has been debates more than ads. the ads have not really made as big a difference as people think. it's not well, if only rick perry had money to go on tv, he would still be in. he had plenty of money. he's out of it because he was a dufuss at the debates. >> the 30 million jobs tour, a culture of investment through revisions in the tax code and trade policy. i don't e know what all the laws should be, and i could be wrong about 50

is now pushing congress to help housing bernanke he wants the broke home proper offers fannie and freddie owned by the u.s. taxpayer to provide cheaper mortgages to more of the same taxpayers makes sense we think maybe bernanke he has his hands full just propping up the big banks let's get to today's capital account. as i said europe is really a sore that will not heal government medicine yeah not helping so much so let's see what's been going on lately france had a not so hot bond auction the country may not be looking so aaa after all spain is warning its banks to set aside fifty billion more euros to guard against bad loans greece needs dough as some of its citizens are forced to search through dumpsters literally for bread and you see it right there now the country faces the risk of default in march unless it gets a new bailout deal also investors drove appeals on hungary's debt they came close to ten percent italian ten year bond yields jumped back above that key seven percent level and trading in shares of unicredit the bank you see right there it's italy's largest bank by assets we