If Newt made recommendations, they should be released for us to see. If he told Freddie and Fannie that they were headed for disaster..then he earned his money and we should be applauding. Publish his recommendations.
Freddie already denied this happened.
what he told them about the plan was that it was “insane” - it’s in another article - but I didn’t save it -
Oh heck. Here.I found it.
quote: “Gingrich has been sharply critical of housing industry loan practices and Democrats who he said “created the environment” for the meltdown. In an Oct. 11 Republican presidential debate, Gingrich said, “You ought to start with Barney Frank,” the Massachusetts congressman who serves as the ranking Democrat on the House Financial Services Committee, when talking about people to put in jail.
‘Look at the Lobbyists’
“Go back and look at the lobbyists he was close to at Freddie Mac,” Gingrich said in the debate, sponsored by Bloomberg News and the Washington Post.
...
““I offered them advice on precisely what they didn’t do,” he said. “My advice as a historian, when they walked in and said to me, ‘We are now making loans to people who have no credit history and have no record of paying back anything, but that’s what the government wants us to do.’ As I said to them at the time, this is a bubble. This is insane. This is impossible.”
They hired him/his consultant firm. He was NOT A lobbyist. He studied their plan and told them they were insane.
Being hired as a consultant to look at a business in order to offer advise is NOT the same as being in bed with them. They didn’t like his advice - but that’s how the cookie crumbles.
Kinda like in here - people HATE to look at evidence that disputes claims that Newt’s a bad apple.
Tough...
If Newt made recommendations, they should be released for us to see. If he told Freddie and Fannie that they were headed for disaster..then he earned his money and we should be applauding. Publish his recommendations.
If Newt was hired as a consultant, who owns the work product, Gingrich or Freddie Mac? Can Newt even release it?