this week chris dodd who is chairman of the senate banging committee played a key role in forming the country's banking laws on the books. he's the chairman of the motion picture association of america, which is celebrating the life and career of the great communicator, ronald reagan, a man who used his charisma and stage presence to propel himself from hollywood to the white house. i want to talk about president reagan and about films, but i have to do some top of mind stuff with you. your name is out there everywhere in this republican primary fight and in these debates. repeal dodd-frank, the regulations for the financial sector. newt gingrich said you should go to jail, you and barney frank. how do you react to that? >> i should be flattered. in financial areas whether it's glass steegle, sarbanes oxley, i don't know why financial bills have names with them. no one pressed them about the alternative. i don't know if anybody wants to go back to the fall of 2008 when you had banks without capital standards and liquidity requirements. you had a shadow banking system, you had mortgage

that he was going after chris dodd? >> i think it reminds people what they do not like in politicians which is hypocrisy. that's the worst thing to be labeled is a flip flopper. people don't like the sense that you are saying things just to be toll tick. you areç better off to take an unpopular position and stick wit as opposed to things that make you look -- and nurt has an explanation for everything. he'll have an explanation for this. to the casual observer this looks like he was critiquing something, taking money for it. he didn't disclose it. it feels wrong especially at a time when republican voters made it clear they were sick of the status quo. they want to put someone in the white house who is, in some way different. who is answerable to them. who isn't part of the washington system. this freddie mac story affirms he has long been part of washington which is not a good story line for him. >> there is a poll which shows him ten point bes hind romney in new hampshire. >>> and there is a story about solyndra, th

. >> eric: but certainly not anyone, not barney frank or chris dodd before he left or schumer. >> greg: i'm happy to hear bob say it was the government at fault. awesome. but here is the other thing. the banks had no choice. they had to make money off of crappy loans and they figured out a way to do it. what are you going to do when you are handed a crap sandwich? >> eric: we have testimony by chris dodd, barney frank and schumer saying if the banks, fannie and freddie undercut them. >> bob: let me eask hannity mom. that is what she does to me. if you knew that you had a bunch of 7% mortgages, right? say there are 1,000 that bundled them together. >> dana: i'm not good at math. >> bob: fine. but you knew that there were say 10% of them were bad, would you sell them to people for the security? retirement? >> dana: if the government was saying we're not going to -- >> eric: step back. who did they sell them to. don't say they told them to people for retirement. they didn't. they bundleed and sold them to hedge funds. but they realized they sucked. who did they give them to? fannie and fr

i have known chris dodd for years and one of the most decent respected legislators in the world. cain who knows nothing, can't name a president of any country to say that is ridiculous. >> andrea: he is also a crook by the way. that is a different story. >> bob: he is not a crook. don't say that. >> andrea: dodd frank, you said it's a monster. it is. it's strangling like a monster small community banks. you know it is. >> bob: i'll give you a chance because i love you so much. don't say chris dodd is a crook. >> andrea: too late. >> bob: if you say it, that is the typical republicans you drop this around like democratic thing to get at herman cain. >> andrea: you're critiquing me on my language, lecturing me on my language? >> bob: no. i don't like people dumping on people like dodd and frank when they have decent -- freddie you dump on people all the time. >> bob: i don't call them crooks. >> greg: yes, you do! i've heard worse things from your mouth. >> dana: i lost total control of the segment. i'll talk about who had a shot to tange at romney but we'll move on. coming up, rem

first that chris dodd moved to iowa and it didn't help çhim. i'm not sure moving to new hampshire does it. as i watch these debates, there's something about him. he doesn't have the presence, the forcefulness. he can't command that stage. he doesn't seem to be able to breakthrough. and one last thing, this may just be me thinking, but it bothers me that he served in the obama administration and now turning around and attacking the president. there's an element of disloyalty or lack of respect or something that bothers me. i do find that slightly unseemly. >> i think that's an attribute and can be turned around and work with him because this administration some could argue has failed miserably. having said that, also where he was, he was in china. and he has a lot to offer about our situation with china that involves actual in-depth knowledge of the situation, not just some sort of fake competition going on. we're going to kick their butts. i mean, he really understands the issue. i think he could turn it around into a plus, but i think you've g

are you prepared to disassociate yourself from chris dodd who was the highest recipient of money from fannie mae and who, by the way as you know, was also getting a below market loan from countrywide before they went broke. >> hypocrisy doesn't do it. >> he has said everything. isn't it breathtaking? >> i'll say one thing, though, by the normal standards of elites, republicans, democrats, people in the media, gingrich couldn't possibly win because he said everything about everything. there have been many times herman cain, a million other examples where the elites just don't get quite where the voters are. so i don't know that gingrich has a good chance in the end to sustain. but for the short-term, i'm not sure all of these stories deflate him. >> that's the question. is he just the latest in this wagon wheel of candidates who circle up next to mitt romney and cycle back out. you say herman cain was not viewed well by the elites, he's starting to fall, as well. why is newt gingrich different? >> i don't think gingrich is different. and i think it's still the case that gingrich is the

you have to start with barney frank and chris dodd and look at the politician that's created the environment. and the politicians who put this country in trouble. >> clearly not saying they should go to jail. >> and chris dodd's case, go back and look at the countryside deals. barney frank's case, look at the lobbyist who is close to that freddie mac. >> but there are new questions about gingrich's own connections to freddie mac. cnn confirmed from sources in position to know, information first reported by bloomberg news that gingrich was paid between $1.6 million and $1.8 million for two separate stints at freddie mac. from 1999 when he left congress to 2002, and from 2006 to 2008. asked if the money figure is accurate? >> i don't know. >> reporter: what did he do for freddie mac? gingrich said he offered advice as a historian, telling freddie mac officials that lending to people with no credit history was a mistake. elater said strategic adviser, contacted at cnn, four people worked for freddie mac while gingrich was there, disagreed with his role as historian. one said his role is strateg

start with barney frank and chris dodd and let's look at the politicians who created the viral, the politicians who profited from the environment and the politicians who put this country in trouble. >> yes, indeed. mr. gingrich. let's go now to capitol hill whereç congressman barney fran is thankfully not in handcuffs. good afternoon, sir. >> good afternoon. >> newt gingrich called for your good self to be tossed into jail following the financial crisis in 2008 but he never mentioned once that he had earned almost $2 million from freddie mac when he called for your incarceration. can i have your response, sir? >> it's part of a pattern in which the republicans who were the ones responsible for fannie mae and freddie mac during the bad times incredibly tried to blame us. newt gingrich was speaker of the house in 1995 through 1998 for four years. during that period, he never moved anything to restrain fannie mae and freddie mac. his fellow republicans continued to control fannie mae and freddie mac until the end of the 2006. george bush tried to get congress to do something about fannie mae and

our friend david gregory last week gave chris dodd a chance to respond and also martin bashir. >> you should go to jail, the former speaker of the house said. >> i know. >> you and barney frank. how do you react? >> i should be flattered i suppose. >> the republicans are the ones responsible for fannie mae and freddie mac during the bad times try to blame us. two l words, lobbiest and liar. >> does newt just ignore all of that and portray himself as a washington outsider? >> the always subtle barney frank, andrea. i think there are three issues that i can see with newt and the freddie mac, number one is the hypocrisy question given his strong rhetoric towards democrats about fannie and freddie. number two is the issue itself, fannie and freddie terribly unpopular for the meltdown of 2008. then lastly, it's a reminder that newt is a creature of washington and this is somebody who is running an insurgency from mccain and hey street. there are three real challenges and take a step back, newt's response to this over the last couple of days has underscored the fact he does not have a campa

he wants chris dodd and barney frank, who chaired the banking committee in the senate and house, he says they should go to jail for being in bed with freddie mac. well, it was a crowded bed, because -- they were there as well! >> led me say something about this. >> is there any legal wrap that would stand up in court against newt? >> no. it's not -- >> are you saying that? >> the only -- >> violated -- >> if he spent more than 20% of his time lobbying, yes. i don't think that's the issue. >> ill lead not to register as a lobbyist if are you in fact lobbying? >> you have to spends 20% or more of your time on lobbying activities. >> was he able to deny that? >> so much, he was teaching history classes i'm sure in. >> as a cover? >> you're missing the point. newt anticipated want the payroll to do strict lobbying. he was mainly there to help ease the way towards contacts on capitol hill and fannie -- fannie and freddie's image. >> is that okay? >> that's what democrats have done too. >> john, when you put one -- >> without the -- declaring themselves to be lobbyists? >> you make a better cr

. >> if you want to put people in jail, you ought to start with barney frank and chris dodd, and let's look at the politicians who created the environment, the politicians who profited from the environment, and the politicians who put this country in trouble. >> clearly not saying they should go to jail. >> in chris dodd's case, go back and look at the countryside deals. in barney frank's case, go back and look at the lobbyists he was close to at freddie mac. >> reporter: take a look at gingrich's own ties at freddie m mac. cnn has discovered that gingrich was paid between $1.6 million and $1.8 million for two separate stints at freddie mac, from 1999, when he left congress, to 2002. and from 2006 to 2008. asked if the money figure was accurate. >> i don't know. we're going back to check. >> reporter: what did the republican presidential hopeful did for freddie mac? gingrich said at one point he offered advice as a quote, historian, telling freddie mac officials that lending to people with no credit history was a mistake. he later said he was a strategic adviser. according to cnn, four

dodd. in barney frank's case, go back and look at the lobbyists he was close to at freddie mac. >> reporter: gingrich h's work drew harsh attack. >> he took money to influence senior republicans to be favorable toward fannie and freddie. >> reporter: he was on the payroll for eight years, beg beginning in 1999. he claims he tried to warn them they were making too many risky loans. >> i said to them at the time, this is a bubble. this is insane. this is impossible. but sources familiar with gingrich's work say they don't recall him ever saying anything like that. they say he was hired for one reason and one reason only -- his political influence. diane? >> and jon karl is reporting in from washington tonight. >>> well, today, anly new face emerged as a symbol for the occupy movement that has spawned protests across the nation. her name is dorley. 84 years old, a former schoolteacher. chef was pepper scraped by police during a protest in seattle. tonight, she says she'll be back, and, quote,

. >> you ought to start with barney frank and chris dodd and let's look at the politicians who created the environment, the politicians who profited from the environment and the politicians who put this country in trouble. >> reporter: but it turns out gingrich himself was on the freddie mac payroll in the years leading up to the meltdown. from 1999-- shortly after gingrich resigned as speaker-- into 2008, the year of the meltdown, gingrich and his consulting firm earned at least $1.6 million in freddie mac fees. when first asked what he did for freddie, he described his role as a historian and claimed he had advised the company to stop the risky loans. >> i offered them advise on precisely what they didn't do. i said to them at the time this is a bubble. this is insane. >> reporter: but two sources with knowledge of gingrich's contract said he was hired for his inside knowledge of congress, not as a historian. the sources asked not to be identified. one says after 2006, with republicans wanting to disband fannie and freddie, gingrich was asked to write something favorable about the fa

dodd. in barney frank's case, go back and look at the lobbyists he was close to at freddie mac. >> reporter: gingrich h's work drew harsh attack. >> he took money to influence senior republicans to be favorable toward fannie and freddie. >> reporter: he was on the payroll for eight years, beg beginning in 1999. he claims he tried to warn them they were making too many risky loans. >> i said to them at the time, this is a bubble. this is insane. this is impossible. but sources familiar with gingrich's work say they don't recall him ever saying anything like that. they say he was hired for one reason and one reason only -- his political influence. diane? >> and jon karl is reporting in from washington tonight. >>> well, today, an unlikely new face emerged as a symbol for the occupy movement that has spawned protests across the nation. her name is dorley. 84 years old, a former schoolteacher. chef was pepper scraped by police during a protest in seattle. tonight, she says she'll be back, and,

. >> you ought to start with barney frank and chris dodd and let's look at the politicians who created the environment, the politicians who profited from the environment and the politicians who put this country in trouble. >> reporter: but it turns out gingrich himself was on the freddie mac payroll in the years leading up to the meltdown. from 1999 shortly after gingrich resigned as speaker into 2008, the year of the meltdown, gingrich and his consulting firm earned at least $1.6 million in freddie mac fees. when first asked what he did for freddie, he described his role as a historian and claimed he had advised the company to stop the risky loans. >> i offered them advise on precisely what they didn't do. i said to them at the time this is a bubble. this is insane. >> reporter: but two sources with knowledge of gingrich's contracts said he was hired for his inside knowledge of congress, not as a historian. the sources asked not to be identified. one says after 2006 with republicans wanting to disband fannie and freddie gingrich was asked to write something favorable about the fannie-

are you prepared to disassociate yourself from chris dodd, the highest recipient of money from fannie mae? i think compared, for example, to senator chris dodd taking a below market interest mortgage from countrywide before it went broke, compared to chris dodd and barack obama being the number one and two recipients of money from fannie mae and freddie mac while they were going broke, i think it's hard to argue that a family feud is a big scandal. >> that is former house speaker newt gingrich circa 2008, basically making a strong, passionate case that taking any money from freddie mac and fannie mae is reprehensible, corrupting and the top of everyone's mind when talking about these things. i am just amazed by the fact that newt gingrich is in this position. partly because i think i have this idea part of the frustration on the right and the tea party driving is the crony capitalism, that is something we on the left and right can unite around. if they nominate newt gingrich, that to me thinks that's not what's going on. that's not a concern. here's someone who could not be more of a

dodd. in barney frank's case, go back and look at the lobbyists he was close to at freddie mac. >> reporter: gingrich's work for freddie mac drew a harsh attack today from one of his rivals. >> he took money to also influence senior republicans to be favorable toward fannie and freddie. >> reporter: gingrich was on fre freddie mac's payroll for eight years, beginning in 1999. he claims he tried to warn them they were making too many risky loans. >> i said to them at the time, this is a bubble. this is insane. this is impossible. >> reporter: but sources familiar with gingrich's work for freddie mac say they don't recall him ever saying anything like that. they say he was hired for one reason and one reason only -- his political influence. diane? >> and jon karl is reporting in from washington tonight. >>> well, today, an unlikely new face emerged as a symbol for the occupy movement that has spawned protests across the nation. her name is dorli rainey. 4'10", 84 years old, a former schooltea

the motion picture association of america posted a flann panelt included chris dodd, and andrea mitchell. that is followed by anita hill. "xt on c-span, it is today's washington journal" live with your phone calls. then, a congressional gold medal ceremony for michael collins and was altered. -- and buzz alter. and 45

dodd talking politics or the president's performance a whole lot more. only here on nbc 4. >>> a hockey game produced an unlikely and heart warming family reunion. before the sabres/bruins game, david and lori jacobs were ready to drop the ceremonial first puck in honor of veterans day. but they got a huge surprise as their son lieutenant charles jacobs showed up at center ice. he has been in afghanistan for the past seven months but was recently granted leave. the three embraced at center ice and dropped the ceremonial first puck together. >> and as life long bruins fans you can imagine they were so excited. that was going to be the ceremony of a lifetime. they were upstaged by something even better. >> i know. well, i'm still -- it's kind of jarring looking at that video. did you see how big he was compared to the family. >> i feel safer knowing he's on our side already. >> absolutely. i hope everyone had a wonderful veterans day weekend. that will wrap it up for this edition of news 4 today. thank you so much for joining us. we'll be back starting dar

to put people in jail, i want to second what michelle said, you ought to start with barney frank and chris dodd, and let's look at the politicians who created the environment, and who profited from the environment. go back and look at the lobbyists he was close to at -- everybody in the media who wants to go after the business community haught to start at the politicians that's at the heart of the sickness weakening this country. >> barney didn't seem like he was going to go quietly. >> to words apply to newt -- lobbyist and liar. he was convicted of lying, he has a history of doing this. this is nonsense he was paid $1.6 million to talk about history? the transcontinental railroad? he was clearly there as a lobbyist. he slipped and acknowledged that to acknowledge that -- after all, i'm speaker of the house. what you enhance is your value as a lobbyist. >> now, dana, there's been like donald trump, sarah palin, michele bachmann, rick perry, herman cain, i'm almost running out of fingers on how many people had the surge to be the new flavor of the month or week. i thought newt, who youç

dodd's senate seat. in the end, democrat richard blumenthal beat linda mcmahon by more than ten points. democrat mark dayton became governor of minnesota, succeeding a republican you might have heard of named tim pawlenty? no? not ringing any bells? democrat michael bennett won the colorado senate race against conservative republican ken buck. bennett won in part by making sure coloradans knew how radical mr. buck's positions were, particularly on social issues. actually asking buck in a debate who he wanted to two to jail if he succeeded in making abortion illegal without exceptions, which was his policy position. so a year ago, on election night 2010, the -- i'm not sure i left anybody big out. that was the entire universe of good news stories that night for democrats. other than those stories, election night a year ago was a really bad night for democrats. it was a red, red night, a red, red year. delightful if you are a republican, but a bummer of a night for democrats pretty much. that was a year ag

you ought to start with barney frank and chris dodd and let's look at the politicians who created the environment, the politicians who profited from the environment and the politicians who put this country in trouble. >> newt gingrich wants politicians who profited from the mortgage crisis to be held accountable. okay. he can start by looking in the mirror. you see, when asked about being paid $300,000 to work with mortgage lender freddie mac, gingrich told the cnbc debate ç audience he was employed as a historian who told freddie mac what not to do. well, today, "bloomberg news" reported gingrich had a relationship with fredie mac for eight years which started after he designed from congress. the "bloomberg report" says congress made between -- choke it here, folks -- $1.6 million and $1.8 million in consulting fees. the historical stuff, you know, with the lender. he faced questions about his payday during a campaign stop? iowa. >> we offered strategic advice. sure, i don't know the amounts. >> is it $1.6 million figure correct? >> i don't know. we're going back to check. >> sound

chris dodd and i were the minority. people who think i was secretly advising tom delay on what to do i've got to tell you, if i made a list -- first newt gingrich and tom delay. if tom delay was taking my divide bill clinton wouldn't have been impeached, we wouldn't have gone to iraq and he wouldn't have been accepted to the dance floor. gingrich is clearly there when they are refusing to do any reform. rank read paulson's book. he talked to me. i was then in the minority but it looked like the democrats might take over. he said accurately he said to me, can we do something about fannie mae and freddie mac if you guys are in the majority? i said yes because i earlier thought they were okay. in 2004 and 2005 i realized i was wrong and too optimistic. in 2007, when i first became the chairman, we passed the bill to control fannie mae and freddie mac. in fact, senator dodd and i got the legislation through. and as a result of the legislation that was ultimately signed in 2008, fannie mae and freddie mac were put into conse

former senator chris dodd. president obama. now you think of their field. michele bachmann. rick perry. rick santorum. who is not feeling sorry for republican primary voters right now? four years ago, at this dinner, and many of you were in attendance, a young senator from my home state of illinois, who was 23 points down in the polls, spoke to you in words you will never forget. with the promises he made in a speech, he began a journey that would change history, and he did it with your help. now, all of us may be a little older and a little grayer, or as my youngest daughter likes to say, they call it salt and pepper, but for your dad, it is all salt. we can remember what he said, but we can also remember that what he said was worth fighting for. he stood on this platform and promised to end a war that should never have been authorized and should never have been waged. republicans -- [applause] republicans did not want to let it happen, and be honest. democrats did not believe it could. yet tonight, the last of america's finest are on their way home. the war is over. [appla

dodd. >> i fought against the housing and jobs destruction act. >> housing and jobs destruction act? it actually promotes transparency in an industry that fueled the collapse. the mortgage industry. it helped protect real people, including our men and women in the armed forces and know we have the banks at nearly 5,000 of those members of the military. people like tom collette, father of specialist aaron. he's been serving in iraq for two years and he's on his way home. problem is, there might not be a home when he gts there. tim's home has been foreclosed but he's fighting to stay there. this is unpatriotic and is unamerican and we have to fight. joining me now is tim collette, father to aaron, who will be home from iraq this christmas. and senator chris murray from oregon who has been advocating for chris since june. thank you for being here. >> thank you for having me. >> tim, first, how have you been fighting this? what effort are you making to fight those that are trying to take your home? >> well, a few months back we filed a suit in federal court basically saying that they cou

meanwhile, in senator chris dodd's office during financial regulation, it was once again a former, i believe, jpmorgan executive who was working with senator dodd in framing the, for instance, credit default swap market regulation, which as jon corzine and others are showing us, doesn't seem to be as reliable as everybody might want it to be. how do we get into a situation where this is happening and where are we in american history that we're sort of seeing this, all this obviously corruption, which we've seen it before. >> it's the banana republic, right? >> we have been here before. this country had slaves -- >> do you remember when bill clinton came into office, the first week he was in office, he said, i am going to ban the revolving door for the upper level officials, at least for the four-year term. so you had to wait five years before -- >> love that idea. >> what'd he do the week before he left office? repealed the ban. >> convenient. >> all the buddies. so it's not -- it's republicans, it's democrats. it's incestuous within the system. >> how much does our obsession, the me

. >> especially when gingrich said the villains in this are barney frank and chris dodd. look at their ties to freddie lobbyists. the idea that he would have had a part in this goes a great deal to undermine newt's message about what's wrong with government. >> here's what we know about why freddie mac hired a bunch of former members of congress. the idea was to push the message in washington. this is not necessarily lobbying but gets to the nuance of what's legally lob big and what lobbyists do in town. they push the message out that, hey, this is not necessarily against a free marketç economyo have a government-backed entity. we are increasing the ownership society, doing something good here for the poor. they put a lot of former members of congress on the payroll on the lobbying side and the p.r. and advocacy side in general. that's where newt came in. that's what the folks who worked for are telling me today. >> this is not the only story in the news about money and politicians. "60 minutes" had a story about congressional insider trading and that members of congres