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If you misrepresent your income the penalty or principle is large, $25,000 fine, perhaps jail time. >> how can they prove it? >> that's the problem. i mean what we have now in some cases is literally the honor system. we aren't going to try to verify your income. we're going to ask you what is it you think and give your honest answer. there's no genuine verification system and the money is going out the door. >> this is early in the going. we're talking about a system that's been complete with overruns and the like and we're looking at $152 billion in overpayment now. that's only going to grow...

500 times last year. crazy. >> that is crazy. but let me be contrarian here. you guys are both absurdly rich and here we are-- >> i don't think so. my kids don't think so. >> as champions or perceived certainly by the protesters out there as that rich. how are you championing -- how can rich people be champions of freedom? john, i'll go to you first. >> well, john, i think i earned the money i had. when i started working for bb and t, a small bank, made 600 a month. >> we have a graphic, let' put it up. when you started. >> 4 1/2 billion dollars, and during my career as ceo, 4 1/2 billion to 1...

500 times last year. crazy. >> that is crazy. but let me be contrarian here. you guys are both absurdly rich and here we are-- >> i don't think so. my kids don't think so. >> as champions or perceived certainly by the protesters out there as that rich. how are you championing -- how can rich people be champions of freedom? john, i'll go to you first. >> well, john, i think i earned the money i had. when i started working for bb and t, a small bank, made 600 a month. >> we have a graphic, let' put it up. when you started. >> 4 1/2 billion dollars, and during my career as ceo, 4 1/2 billion to 1...

500 times last year. crazy. >> that is crazy. but let me be contrarian here. you guys are both absurdly rich and here we are-- >> i don't think so. my kids don't think so. >> as champions or perceived certainly by the protesters out there as that rich. how are you championing -- how can rich people be champions of freedom? john, i'll go to you first. >> well, john, i think i earned the money i had. when i started working for bb and t, a small bank, made 600 a month. >> we have a graphic, let' put it up. when you started. >> 4 1/2 billion dollars, and during my career as ceo, 4 1/2 billion to 1...

it. police in norway will interview anders breivik today. he's in solitary confinement in a prison near oslo. meanwhile police have called off the search for more victims of the shooting rampage on utoya island. 68 people were killed. a formal inquiry into britain's phone-hacking scandals began in london. a woman who worked with the now depuck news of the world tabloid after her daughter's murder now says her phone was hacked. sara payne had defended the tabloid, even writing the last edition, and calling it a force for good. there's been some break for the rain-soaked korean p...