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but the same good fortune befell former new hampshire senator judd gregg, who helped steer nearly $70on in government funds towards redeveloping this defunct air force base, which he and his brother both had a commercial interest in. gregg has said that he violated no congressional rules. it's but one more example of good things happening to powerful members of congress. another is the access to initial public stock offerings, the opportunity to buy a new stock at insider prices just as it goes on the market. they can be incredibly lucrative and hard to get. >> schweizer: if you were a senator, steve, and i gave you $10,000 cash, one or both of us is probably going to go to jail. but if i'm a corporate executive and you're a senator, and i give you i.p.o. shares in stock, and over the course of one day, that stock nets you $100,000, that's completely legal. >> kroft: and former house speaker nancy pelosi and her husband have participated in at least eight i.p.o.s. one of those came in 2008, from visa, just as a troublesome piece of legislation that would have hurt credit card companie

. >> he had a new hampshire senator, judd gregg, that was ready to go work for him as commerce secretary was dealing with republicans, threw up his hands, said, okay, i'm not going to work this guy. this is not the hope and change guy. >> one final point. what was key about your period when you guys were working this thing was the idea that you worked towards consensus. and that's what we're asking folks. >> michael steele and lanny davis, thank you so much. great to have you on the show. >> thank you. >> still ahead, olympic swimming legend mark spitz joins us on-set. we're back in just a moment. ♪ man: there's a cattle guard, take a right. do you have any idea where you're going ? wherever the wind takes me. this is so off course. nature can surprise you sometimes... next time, you drive. next time, signal your turn. ...that's why we got a subaru. love wherever the road takes you. our cloud is made of bedrock. concrete. and steel. our cloud is the smartest brains combating the latest security threats. it spans oceans, stretches continents. and is scalable as far as the mind can see. ou