And the product produced by these businesses is what? Accounting services? Useful software? Manufactured goods? NO? Oh yea, it's "history lessons". Right. No corruption to see here. Just an ex speaker of the House selling $1.6 million history lessons. sure. Who could doubt that?
I'll ask you again. Where is the $1.6 million? Who's bank account is it in? If it's a company, who owns that company? And does it really matter to the victims if the thief that stole $1.6 million from them gave most of it to his friends; maybe his friends at Tiffani's?
It is perfectly clear that Newt Gingrich entered into a conspiracy to defraud the taxpayers and profited to the tune of $1.6 million. Listening to his lame attempts to explain the sleazy arrangement away makes it all the more obvious. In a perfectly just world he, and his conspirators at FM, would get 5-10 at club fed and be forced to repay the stolen money.
I'm sure scared about when Jim gets home. Should I wait in my room?
That money went to operating his company. Do you know how a company is run? Ever heard of overhead? Office space, payroll, etc.? Fannie and Freddie were privately funded companies when Newt worked for them. They did not use taxpayer money. He later spoke out that they should not be bailed out by the taxpayer. Newt gave them strategic advice as a consultant. Don't you understand that white collar jobs don't all involve banging widgets together and that fact doesn't make them "thievery?"
http://www.newt.org/answers#Freddie
Relationship with Freddie Mac
Recent reporting from Bloomberg News on the Gingrich Group’s consulting services for Freddie Mac confirms that Gingrich and his firm were not paid to lobby and that Gingrich never acted as an advocate to stop any legislation or regulation affecting Freddie Mac.
After leaving public office, Newt Gingrich founded a number of very successful small businesses. One of these small businesses, a consulting firm called The Gingrich Group, offered strategic advice on a wide variety of topics to a very wide range of clients. One of these clients was Freddie Mac. At no time did Gingrich lobby for Freddie Mac, or for any client, and neither did anyone in Gingrich’s firm. This prohibition against lobbying was made clear to all Gingrich Group clients. Nor did Gingrich ever advocate against pending legislation affecting Freddie Mac, as some articles have incorrectly alleged. In fact, recent reporting from Bloomberg News on the Gingrich Group’s consulting services for Freddie Mac confirms that Gingrich and his firm were not paid to lobby and that Gingrich never acted as an advocate to stop any legislation or regulation affecting Freddie Mac.
Furthermore, as the New York Times documents, Newt urged House Republicans to vote against the bailout of Fannie Mae and Freddie Mac. View Newt’s Freddie Mac consulting contract here.
Newt is in favor of efforts to increase home ownership in America but as a conservative believes they must be within a context of learning how to budget and save in a responsible way, the opposite of the lending practices that led to the financial crisis. You can watch a video from March 2008 of Newt warning about the danger of politicized decision making in the housing crisis here.
As part of Newt’s Jobs and Prosperity Plan, Newt advocates breaking up Fannie Mae and Freddie Mac and moving their smaller successors off of government guarantees and into the free market.
I've wasted enough of my precious time with slanderous you.
Newt Gingrich is a patriot of many accomplishments, unlike you.
I suggest you move away from mommy's computer, put down daddy's bottle and wait in the basement where you reside.
LOL, Now that's funny right there...