Posted on 11/16/2011 12:43:09 AM PST by Cincinatus' Wife
WASHINGTON — Now it’s Newt’s turn to take the heat.
Former House Speaker Newt Gingrich, rising in the polls for the Republican presidential nomination, is coming under fire for a $300,000 consulting contract he got with home-loan giant Freddie Mac before the housing market collapse.
Gingrich, asked at a Republican debate Saturday night about what he did under the contract, said he lectured company officials on their lending practices. “As I said to them at the time, ‘This is a bubble. This is insane. This is impossible,’ ” he said he told them.
Gingrich, who has slammed Democrats Chris Dodd and Barney Frank for encouraging easy credit that helped cause the financial collapse, said he guided the company as a historian, saying: “I offered them advice on precisely what they didn’t do.”
But former Freddie Mac officials are saying Gingrich’s lucrative arrangement was more traditional in nature: he was hired as a liaison to Republicans in an effort to protect the company’s unique public-private status from further regulation.
A person familiar with Freddie Mac’s internal discussions told Bloomberg News that Gingrich never shared his concerns over the company’s business model with then-CEO Richard Syron.
(Excerpt) Read more at nypost.com ...
Fannie Mae and Freddie Mac should be phased out and returned to the private sector. -- Rick Perry
Where’s all the anti-romney threats...we each other alive, but we leave Romney unscathed, lately!?
See post #2.
The Romney dirt won’t come out until after the convention.
Special report: The golden age of opposition research......."....” A dossier assembled by the late Sen. Edward Kennedy’s campaign when he was challenged by Mitt Romney in 1994 remains a rich source on Romney’s career at Bain...Democratic strategists are ready to attack Romney as a job-destroying corporate raider if he becomes the GOP nominee.”..
The game is this: Destroy every single Republican candidate, except Romney.
Until after Romney wins the primary, of course.
Yesterday Gov. Perry addressed the D.C. piggy bank and Freddie and Fannie and much more -- and I showed the Gingrich and Romney connections.
Anyone is better than Hussein. Even (gag) Huntsman.
300G or 300K? There is a really BIG difference.
300G = 300,000,000
300K = 300,000
That $300K covered half of Callista’s jewelry bill from Tiffany’s!
But former Freddie Mac officials are saying Gingrich’s lucrative arrangement was more traditional in nature: he was hired as a liaison to Republicans in an effort to protect the company’s unique public-private status from further regulation.
This seems like the most likely explanation.
And Jamie Gorelick and Franklin Raines got How much?????
BUT this morning’s New York Post has a story on the very same poll, one done by a company owned by a famous New York mayor, saying what the poll was MEANT to say which is that Cain is STILL ahead nationally at 20% to Willard's 18 Newt's 17 and oh yes Paul's 19 - not important since he is going nowhere anyway.
So we have two stories reporting on the same poll. One points to a happy face for Willard in THE ONLY STATE he ever had ABSOLUTELY in the bag. The other bypasses old news and focuses on the fact that the lies about Herman Cain have NOT killed his campaign.
Bogus stories like this show Democrats, the media and the Tokyo Rove types know Cain is recovering and far from dead.
Be careful what you run with. This has been seriously challenged as false.
http://www.freerepublic.com/focus/news/2808322/posts
The funny thing is, everything that they grill Republican candidates for Obama has done himself. lol. It’s amazing...well not really so much anymore.
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