Former House Speaker Newt Gingrich (R-Ga.) said Friday afternoon that he doesn't see how embattled Treasury Secretary Tim Geithner can survive in that position.

"I don't see how he can survive, just given the fact that he has to either make the case that he's incompetent, and didn't know about it, or that he's dishonest and knew about it and didn't tell anybody," Gingrich said during a call into a Fox News program yesterday.

"Let's start with the fact that Geithner called the first meeting on Bear Stearns, he called the first
meeting on AIG, as the head of the New York Federal Reserve," Gingrich added.

The former Speaker also took former colleagues to task for having taxed the bonuses of executives at AIG, which came under fire for that practice this week.

"There's something truly despicable about what the Congress is doing right now, and it's all demagoguery," he told Fox's Neil Cavuto.

Watch the appearance below: