Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Ex-Freddie Mac official said Newt Gingrich paid $1.5 million for consulting
AP via CSM ^ | November 16, 2011 | Pete Yost

Posted on 11/16/2011 2:15:55 PM PST by Daffynition

The former Speaker of the US House and current GOP presidential candidate defended himself Wednesday after news that he received money from the now-troubled government mortgage giant.

(Excerpt) Read more at csmonitor.com ...


TOPICS: Business/Economy; Constitution/Conservatism; Politics/Elections
KEYWORDS: circularfiringsquad; gingrich; newt; newtgingrich
Navigation: use the links below to view more comments.
first previous 1-2021-4041-42 next last
To: babble-on
I say everyone who took money from Fannie and Freddie has to step down from their office today.

I say you're right. This is yet another example of government out of control. How can Newt possibly argue against government over-spending when he himself rode the gravy train?

Should this derail Newt's campaign? Not at all. He just did what most (all?) of us would have done. Grab the money.

Nevertheless, in this instance Newt is part of the problem, not part of the solution.

21 posted on 11/16/2011 2:29:49 PM PST by Leaning Right (Why am I carrying this lantern? you ask. I am looking for the next Reagan.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: babble-on

I agree. It is one of many a money pit in the Government.

Seems to be where political types (millions in undeserved bonuses) go to get a BIG paycheck.

Why I ask would the Freddie need advice from NEWT?

Isn’t anyone tired of the same ole same ole politicians lining their pockets with taxpayer money.


22 posted on 11/16/2011 2:29:50 PM PST by marty60
[ Post Reply | Private Reply | To 3 | View Replies]

To: borg5575
OK, if not Newt, just whom do you support?

None of the above.

23 posted on 11/16/2011 2:29:50 PM PST by Timber Rattler (Don't Tread on Me!)
[ Post Reply | Private Reply | To 15 | View Replies]

To: marty60

>>Isn’t anyone tired of the same ole same ole politicians lining their pockets with taxpayer money.<<

I wish Judge Nap would run.


24 posted on 11/16/2011 2:35:38 PM PST by Daffynition
[ Post Reply | Private Reply | To 22 | View Replies]

To: Timber Rattler

Tell me W didn’t pi$$ you off on his immigration stand.


25 posted on 11/16/2011 2:38:26 PM PST by Renegade
[ Post Reply | Private Reply | To 6 | View Replies]

To: Renegade

W pi$$ed me off on a lot of things.


26 posted on 11/16/2011 2:39:37 PM PST by Timber Rattler (Don't Tread on Me!)
[ Post Reply | Private Reply | To 25 | View Replies]

To: Daffynition

I have a hard time imagining the Tea Party contingent will easily overlook this. Regardless of how Gingrich might explain it away, just the sheer linkage to that whole corrupt, inside-the-beltway FannieMae/FreddieMac mess seems like a pretty toxic albatross to me. Anyway, I guess we’ll see how it plays out. The poor line-up of candidates makes a lot of this hard to predict.


27 posted on 11/16/2011 2:42:08 PM PST by greene66
[ Post Reply | Private Reply | To 1 | View Replies]

To: borg5575

Ditto! Former Speaker of the House and smart as a whip! Schooled in History and an expert on the Constitution and founding premises of the USA.
He’s not 100% perfect, but who is ?

None of the candidates can hold a candle to him in this aspect.


28 posted on 11/16/2011 2:42:31 PM PST by Renegade
[ Post Reply | Private Reply | To 15 | View Replies]

To: Timber Rattler

Me too!


29 posted on 11/16/2011 2:43:18 PM PST by Renegade
[ Post Reply | Private Reply | To 26 | View Replies]

To: Mr. Lucky
Er, no. I just answered this ad:

Image Source,Photobucket Uploader Firefox Extension

30 posted on 11/16/2011 2:43:52 PM PST by SkyDancer ('If you want to learn to love better, you should start with a friend who you hate ")
[ Post Reply | Private Reply | To 9 | View Replies]

To: Daffynition
Consultants get paid. Where are some of you people living, certainly not reality. He told Freddie Mac that the course they were taking on these mortgages would cause the bubble and fail. What more do you want? Maybe if Freddie Mac took the advice the housing marked would not have failed.
31 posted on 11/16/2011 2:45:10 PM PST by Logical me
[ Post Reply | Private Reply | To 1 | View Replies]

To: Daffynition

One thing about him he is certainly not bashful about giving his opinion. Most of which I agree.


32 posted on 11/16/2011 2:49:25 PM PST by marty60
[ Post Reply | Private Reply | To 24 | View Replies]

To: napscoordinator

Do you know what newt told or advised them as a consultant?

The telling key might be that as soon as his contract expired he spoke out lour and frequently for stopping the practices that F & F were using.


33 posted on 11/16/2011 2:53:33 PM PST by RWGinger (Simpl)
[ Post Reply | Private Reply | To 14 | View Replies]

To: Daffynition

Freddie-Mac was a Christmas Turkey that got stuffed by Dodd-Frank and was principaly protected by the Democrats. The Media don’t speak about this a whole lot. So NOW the Media get INTERESTED? Must mean that Newt is the “flavor of the month” in the Republican primaries.


34 posted on 11/16/2011 2:56:52 PM PST by Tallguy (You can safely ignore anything that precedes the word "But"...)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Logical me
Consultants get paid.

Well, OK. But Newt is an expert on American history. He is not an expert on housing, mortgages, etc. He may be knowledgeable about those things, but he is not a million-dollar, nationally-recognized expert.

IMHO, he got his payday because there was plenty of taxpayer money to throw around.

As I said previously, nothing really wrong with that. Who wouldn't take the money?

But it should be noted: it is this sort of practice that is driving the country into bankrupcy.

35 posted on 11/16/2011 3:09:15 PM PST by Leaning Right (Why am I carrying this lantern? you ask. I am looking for the next Reagan.)
[ Post Reply | Private Reply | To 31 | View Replies]

To: Fair Paul

“That would include almost everyone in D.C. and beyond.”

Exactly!


36 posted on 11/16/2011 3:22:50 PM PST by babble-on
[ Post Reply | Private Reply | To 11 | View Replies]

To: Tallguy

What irks me, is that Fannie is bleeding red ink...that they felt they could afford to pay a consultant, *that* kind of money, regardless if it was a pubbie or a dem makes me see red.


37 posted on 11/16/2011 3:33:28 PM PST by Daffynition
[ Post Reply | Private Reply | To 34 | View Replies]

To: Leaning Right
Tar & Feathers for these voracious beasts.

**Internal Freddie Mac budget records show $11.7 million was paid to 52 outside lobbyists and consultants in 2006, all of them former Republican lawmakers and ex-GOP staffers. Besides Gingrich, the hires included former Sen. Alfonse D'Amato of New York, former Rep. Vin Weber of Minnesota and Susan Hirschmann, the former chief of staff to ex-House Majority Leader Tom DeLay, R-Texas.**

38 posted on 11/16/2011 3:37:43 PM PST by Daffynition
[ Post Reply | Private Reply | To 35 | View Replies]

To: Daffynition; Leaning Right

From Fannie Mae’s perspective the consulting fee’s amount to political protection money. Newt may not view it that way. But the pattern repeats itself over & over. Corporation A splits it’s contributions 70/30. Fannie Mae is probably giving 70 percent of it’s political contributions to Democrats because right now they hold the reins. But you always need protection from the otherside of the aisle. Need to protect that flank.


39 posted on 11/16/2011 3:41:05 PM PST by Tallguy (You can safely ignore anything that precedes the word "But"...)
[ Post Reply | Private Reply | To 37 | View Replies]

To: Tallguy
the consulting fee’s amount to political protection money

That's a pretty honest description of the situation. And if Newt was a democrat, more people on FR would see it that way.

40 posted on 11/16/2011 4:40:00 PM PST by Leaning Right (Why am I carrying this lantern? you ask. I am looking for the next Reagan.)
[ Post Reply | Private Reply | To 39 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-42 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson