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Has ended up in the hands of corrupt dictators. >> we are not just calling for more government aid. >> i understand. you do some great work. why do you call for it at all. >> one of the biggest misconceptions is that most u.s. assistance goes to governments. in fact not true. most u.s. assistance goes to u.s. based charities, ngos, contractors. >> the u.n. which -- some times. >> there is a portion that goes to the u.n. we are clear that the u.n. its not the solution to pocher tee. just as the aid is not the solution to proverty. >> let's hear from an african entrepreneur. he runs a business i...

>> i understand that. you do some great work. but why do you call for it at all? >> there is a lot of misconceptions about u.s. aid. one of the biggest misconceptions is that most u.s. assistance actually goes to government. in fact, that's not true. most u.s. assistance goes to u.s.-based charities, ngo's and contractors. >> and the u.n., which sometimes -- >> there is a portion that goes to the u.n. we're very clear that the u.n. is not the solution to poverty. just as aid is not the solution to poverty. people are the solution to poverty. >> let's hear from an actual african entrepreneur. h...

The housing market seems to be bouncing back in a big way. but two government-owned mortgage giants, fanny mae and freddie mac are not exactly following suit. five years after a controversial bailout taxpayers are still on the hook for more than $130 billion, and washington doesn't seem to show much interest in cutting its lows. as part of our ongoing series what to cut doug mcelway is live in washington. doug. >> reporter: jon it's been five years now since the housing bubble burst. the new mortgage giants who had such a huge part in that crisis remain in deep financial trouble. the taxpayer ...

>> the warnings were ignored. >> the more people exaggerate a threat of safety and soundness the less i think we see in terms of affordable housing. >> taxpayers are stuck with the bill. >> in june 2011, the cbo said taxpayer liability reached $148 billion and could go up to $317 billion. >> reporter: government further distorts the mortgage market through fha and begin any mae and v.a. provide assistance which has led to a growing kho russ to privatize fannie mae and freddie mac. >> it would help congress could keep them it on politicizing lending which they have done for a very long time. >>...

Customers didn't like it. so why do banks do it ? hello ? hello ?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello ? ally bank. no nonsense. just people sense. a new report from the social security administers say that is the program continues on its current path and it will stop paying benefits in 2033. the report found that social security had a very 148 billion deficit in 2011 projecting it higher this year. the lawmakers are calling for immediate action to protect the benefits of millions of americans. what are our options? joining me is cnbc contributor ...