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Which party that was responsible for the housing bubble has been discussed many times. And ends with the partisans of course blaming the other side. Missing the truth that it was a bi partisan cluster ****, and Newt was right there.
Quote:
Newt Gingrich made between $1.6 million and $1.8 million in consulting fees from two contracts with mortgage company Freddie Mac, according to two people familiar with the arrangement.
What was Newt's role:
Quote:
His primary contact inside the organization was Mitchell Delk, Freddie Mac’s chief lobbyist, and he was paid a self- renewing, monthly retainer of $25,000 to $30,000 between May 1999 until 2002, according to three people familiar with aspects of the business agreement.
During that period, Gingrich consulted with Freddie Mac executives on a program to expand home ownership, an idea Delk said he pitched to President George W. Bush’s White House.
“I spent about three hours with him talking about the substance of the issues and the politics of the issues, and he really got it,” said Delk, adding that the two discussed “what the benefits are to communities, what the benefits could be for Republicans and particularly their relationship with Hispanics.”
Newt got payed to peddle expansion of home ownership to the {R}s. Here is what Newt says he was paid for :
Quote:
Gingrich said during the CNBC debate that he advised the troubled firm as a “historian.” Gingrich said he warned that the company’s business model was a “bubble” and its lending practices were “insane.”
None of the former Freddie Mac officials who spoke on condition of anonymity said Gingrich raised the issue of the housing bubble or was critical of Freddie Mac’s business model.
Sweet, does this mean everyone will start to focus on and attack Newt since he's gotten a little more support recently? I just like to keep track of who the left attacks.
Which party that was responsible for the housing bubble has been discussed many times. And ends with the partisans of course blaming the other side. Missing the truth that it was a bi partisan cluster ****, and Newt was right there.
What was Newt's role:
Newt got payed to peddle expansion of home ownership to the {R}s. Here is what Newt says he was paid for :
Freddie/Fannie are (D) organizations, through and through. Many more connections to neo-progressives. Makes sense too, because "they put people in homes" is always good PR for politicians who pretend to care about the little guy.
Which party that was responsible for the housing bubble has been discussed many times. And ends with the partisans of course blaming the other side. Missing the truth that it was a bi partisan cluster ****, and Newt was right there.
What was Newt's role:
Newt got payed to peddle expansion of home ownership to the {R}s. Here is what Newt says he was paid for :
ZZZZZZZZZZZzzzzzzzzzzzzzzz. When the left starts investigating how much Barney Frank's ex boytoy made at Freddie the I will get outraged over the Bush administration trying to increase minority home ownership. What is the problem here? He charged a fee, he was paid and Bush promoted minority ownership. That was the intent of Freddie and Fannie was it not?
Newt's past is not an issue although it will be made into one. We elected Bill the serial molester to the the white house twice and his inside hand washing was also significant, especially with the Chinese doners. This is a snoozer for sure, lol.
Which party that was responsible for the housing bubble has been discussed many times. And ends with the partisans of course blaming the other side. Missing the truth that it was a bi partisan cluster ****, and Newt was right there.
What was Newt's role:
Newt got payed to peddle expansion of home ownership to the {R}s. Here is what Newt says he was paid for :
If Gingrich was a paid consultant to Freddie Mac between 1999 and 2002 that was likely before the housing bubble inflated. The fact that Freddie Mac latched on to one of Bush's initiatives, i.e., the ownership society, is not Newt's fault. All this says is that the Bush administration, by seeking to expand home ownership as a means of getting people to have skin in the game and to secure for themselves a measure of independence from government and the vicissitudes of the economy (a very Jeffersonian ideal), likely was not as vigilant as it should have been early on to the corruption of lending standards that Fannie and Freddie were foisting upon private lenders and which, in conjunction with the Fed's easy money policies, led to the financial debacle we witnessed in 2008. Newt's role in all of this was likely negligible.
Yea, sane people are going to believe insiders from Fannie and Freddy because that pack of ******* wolves are going to tell the honest to doG truth about a republican.
Sweet, does this mean everyone will start to focus on and attack Newt since he's gotten a little more support recently? I just like to keep track of who the left attacks.
I don't believe Newt has a chance, he doesn't have the funding or the campaign support staff, but he obviously has some in the MSM concerned. He's been scoring heavy hits against the Obama administration in the presidential debates, and can you imagine Obama in a debate with Newt? Gingrich would just make him look foolish, and the MSM can't have that. So the long knives are coming out.
He was just a historian that got paid millions of dollars a year.....
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