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Government regulators say officials have set limits for whoever takes over, a target of $500,000 a year in pay. the chairman of the house financial services committee says it's about time. in a statement he writes: the lavish compensation packages, million dollar bonuses that have been given to top executives in these two failed companies are an outrage to those taxpayers whose assistance is the only thing keeping fannie mae and freddie mac afloat. though one analyst and former federal housing official says taxpayers actually got a pretty good deal for their money. >> you can't look at the pay...

Barney frank voting against it, the house financial services committee suspended the compensation packages for executives we told you, they wanted $6, $7 million more. the ceo's of those organizations, fannie and freddie will be on capitol hill today. their base pay starts at $900,000. they can make as much as $6 million in the coming year. and apparently -- you know, one of the things the lawmakers are saying, look, you know, the average cabinet secretary makes $200,000 a year. these guys are making four times more than that? >> because the argument -- >> head of a government agency. >> you c...

cleared out the protesters' personal belongings. 17 people were arrested there. and in a few moments, i'll have a report on where the money comes from to finance the occupy wall street movement. president barack obama is in full asia pacific mode today in hawaii. he's hosting the annual apec summit and hoping to re-energize u.s.-based business in that region. the president told ceos that americans need to stay to use his word hungry in attracting new investment from overseas. it is important to remember that the united states is still the largest recipient of foreign investment...

Dollars, some $5 trillion in mortgage assets and the way to do that, he says, is to attracts talented folks with high compensation packages. >> does he mention anything about the fact that this last quarter they lost $6 billion and the same quarter a year ago, it was $1.4 billion, so there is a downward trend in terms of their success? >> that's a good point. i haven't heard him say that. the thing to remember is that these losses that fannie and freddie are coming up with are largely bad loans that were made before the financial crisis back in 2008. so we might be seeing losses from fannie an...

Mccain says in the range of $900,000. clearly, that's a lot of money and it's no surprise that you found lawmakers on both sides of the aisle expressing concern with these compensation packages. you had senator john mccain, calling for demarco's dismissal. senator tim johnson, the democrat who heads the senate banking committee announced he was going to have a hearing on this issue and would bring mr. demarco, as soon as possible he said. >> demarco is the regulator over fannie and freddie, right? >> that's right. >> so is he the one -- is he the one who actually authorizes the bonuses, or is ...