companies that can benefit from a piece of legislation and you then meet with the republican congressmen and encourage them to support that legislation, you can call it whatever you'd like. i call it influence peddling. >> before the contract surfaced, newt gingrich >> obama was the second largest recipient of money from fannie mae and freddie mac freddie. >> given his closeness from fannie mae and freddie mac inconceivable he could be fair to write a bill and protect the taxpayers. john mccain should have said obama are you pretaryed to give back the money freddie mac and fannie mae gave to you? >> experts say the activities similar to lobbying likely did not meet the legal definition of it. >> you have to meet with a federal government official and spend 20% or more of your time lobbying or doing lobbying activity and spend certain money in three-month period lobbying.