gingrich says he acted as an advisor to freddie mack, but never lobbied lawmakers on freddie mac's baffle. >> advice over long period of time. someone aimed at how to you explain what you're doing? i did no lobby of any kind. >> critics accuse gingrich of political hypocrisy. but taking money from freddie mac as a private citizen and then blaming freddie mac for causing the housing crisis, when he was a presidential candidate. others accuse gingrich of using his political experience, namely four years as speaker of the u.s. house of representatives, to cash in. so says washington examiner columnist tim carney. >> are you prepared to live by your statement there. >> absolutely. and newt's statement that he never did lobbying doesn't hold up to any normal definition of the world lobby. i've been talk to republican hill staffers who were will in 2003 which while newell was being paid by drug companies, saying he was rallying rubs republicans to vote for the bill they supported some he didn't register as a lobbyist but what he did was lobbying. and he was lobbying for corporate welfare. and f

last week freddy mack asked you -- freddie mac asked for $6 billion. is so angry he took to the senate floor to fight back. we spoke with senator mccain earlier tonight. >> i watched the video of you on the senate floor quite passionate about this 12.9 million dollar bonus to the executives at freddie mac and fannie mae. why can't you all just stop this? >> i think we're going to have to. we're just trying to find a vehicle. i'm glad to see that many are in agreement. it's outrageous. greta, the excuse that they're using is that somehow that fannie mae has done such a great job, we have other people who serve in government who do great jobs as well, and fanni fannie d freddie mac are owned by the taxpayers today. we paid $190 billion already, it's cost the taxpayers, and there's about 50 billion or more to come, so to somehow assume that people can't do their job correctly without millions of dollars in bonuses when every day we have men and women who are serving, some who are putting their lives on the lines, they're not getting millions of dollars wo

. >>> fannie mae and freddie mack trying to explain why ten executives at the mortgage giants were paidearly $13 million in bonuses. democratic congressman is the ranking democrat for house hearings being held tomorrow morning on legislation that would kush pay and put the rest of the work force on the same pay scale as federal employees. do you think that's a good idea? is it time to change the pay structure? >> no doubt about it. fannie and freddie executives have been underperforming as far as i'm concerned. we see them unable to control out of control attorneys. we seem them unable to seemingly help many, many people who are out of their houses. here we have some 6 million people facing foreclosure. 3 million that a lot of our con stit wents are feeling. and maybe this is a way to send a message to them. >> well, what kind of message dr. >> you're talking about ten people getting some $13 million and usually you would reward bonuses for people who do a good job. now if you will recall, andrea, when we were dealing with aig, we found they had people and i am convinced that the folks

so at -- freddie mack, has your stock gone up? >> in my tenure it has not gone up. >> okay.that 7.8 million over the last two years is base old a company who is not worth more today. as a matter of fact, just for the record, if i were to look at the net profits of -- for fannie mae from 2003 to 2010, i'd find the net profits with a $10 billion, $11 billion loss. at freddie mac, i would find a $72 billion net loss over that same period of nearly a decade. so oh including the time before you came in which the books were being effectively cooked by taking in bad debt that was going to go bad but, in fact, putting it on, they were paper profits of $4 and $5 billion but over that period of time, you're in an organization that certainly lost 14 billion in 2010 and is going to lose equally or more this year. so, that's the organization you're running for $4 million a year is that right? >> yes. we have lost money due to loans that were put on the books during the period 2005 to -- >> okay, my time has expired. i just want to get one last thing in for the record. mr. dimarco, from w

>> we have a mortgage fraud reporting regime that fannie and freddie mack have. there's a great deal of reporting that is done, and they will oftentimes come back to us and ask for additional information or guidance and interpret it, and we provide that. >> thank you. i think last time we heard the defense for the fannie and freddie were in excess of $162 million. can you give us an updated number now? >> not off the top of my head. i'll be happy to provide it in writing. given the pace of this, i doubt it's changed much since my last appearance. >> i understand a court ordered one of the executives to repay bonuses that were apparently received and not deserved? could that be viewed as any type of adjudication of guilt and maybe a reason for the american taxpayers to stop paying the defense fees of these crooks? >> i'm sorry, i'm not aware of the particular issues or circumstance that you just described, so i would have to find out exactly what ruling was made that you're referring to and then have to assess that. i'm not aware of the top of my head what you're

. >>> plus, reporters confront newt gingrich on accusations that he lobbied for freddie mack and made a lot of cash doing t you will hear his answer. >>> and the feds baugs suburban pill mill involving cash, prescriptions, find out who is accused of running. this stay right there. you meineke's personal pricing on brakes. i tell you what i can spend. i do my best to make it work. i'm back on the road safely. and i saved you money on brakes. that's personal pricing. >>> here is a number for you 95.4 million, as in dollars what taxpayers paid to the top managers in salary and benefits since 2009 of fannie mae and freddie mac. things got intense when they were quizzed about their pay history. here is a little bit of that interaction today on the hill. >> but you made 9.3 million the last two years while the president made $800,000. do you think that's okay? >> congressman, i have been brought in and asked to take on this role as ceo so that i can put in place a management team that can help achieve the goals of conservatorship, which is stabilize the company, provide liquidity to the mar

related guidance for its home affordable foreclosure alternatives program, and fannie mae and freddie mack are tweaking their guidances as well. another issue concerning military education benefits and for-profit colleges. there's cases of very aggressive marketing by for-profit colleges to military personnel and their families of both educational programs and expensive private student loans. another issue is car loans. service members are often sold clunkers at inflated prices with high charges, and when the original clunker breaks down, rolls the existing debt into another loan for another clunker. there's yo-yo financing where service members drive away thinking they qualified for financing to be told later the financing fell through, and they will have to pay more. although we just have supervisory authority over the auto dealers who write their own loans, the federal trade commission and reserve coordinate with my office on auto issues, and we have started to do that. finally, a cannotting issue is the issue of indebtedness. many don't make much money, but it's a guaranteed paycheck a

he's talked about fees he received after leaving congress from freddie mack and other organizations. this is about an hour. >> it's been very good as you know going around the country. it's joe and gary and the chief editorial writer, and gary's taken on 6,000 new assignments in the last few weeks, and he'll be in the state house bureau for us when he's not here. we said, gary, come down here to do this one. we got some good in-depth interviews with the candidates in the last few weeks, and right off the bat, i want to ask you about what is in the news overseas, which is the report that perhaps a dozen a informants have been captured and maybe killed in both iran and lebanon. which leads me to ask you what's your reaction to that, and if you were president of the united states, what more would you need before you sanctioned or participated in or helped somebody take out the iran nuclear plants? >> well, i think that our goal should be to replace the regime. i think if you take out the plants, the dictatorship stays there, the plants come back. i would adopt the reagan, pope john paul

. >> as you know, we pay a 10% preferred dividend on our outstanding draw which for freddie mack is now $70 billion, so our annual dividend is $7 billion. i think the best place to go to get a better answer to your question is detailed signal siss put out by faha which makes a projeck as to the amount of draw that will be required going forward. >> so you don't have any planning purposes in your institution to outline when this would happen? >> we do. our number is -- our numbers in planning were submitted to faha and were made part of the documents you put out. >> so you are not willing to say which year it is? >> i can't recall from the document. >> mr. williams, what year will fanny have repaid the treasury? >> congressman, as you know, with a 10% dividend on the amount that's drawn, we will never fully be able to pay back the amount that's due to the treasury. this is why the director has highlighted the need to move forward. >> mr. demarco what year will the gse's be able to repay the taxpayers for this support. >> i do not believe they will repay the taxpayer in full. >> ever? >>