“Getting a contract to do a particular service for a government agency is not crony capitalism”
Gingrich is no finance expert ond neither is he a expert on mortage backed securities or risk management.
Then why would Freddie Mac hire Gingrich as a consultant for, if not for his links with Capital hill and influence on congress.
This is exactly the kind of crony capitalism which you despise.
As recently as mid last year, Gingrich threw Ryan’s budget plan under the bus, Ryan’s plan was one of the well though policies to reform entitlements in recent years and Gingrich is his typical selfish, egoistic displays criticised Ryan’s plan as right wing social engineering.
It is very clear Gingrich cannot be trusted and his behaviour is not stable.
“Crony capitalism” does not mean getting hired by a government entity - that’s simply government contracting.
Capitalism refers to participation in the economic system: if a company that is doing say, investing - or even building cars - suddenly becomes a defacto government-owned entity or one that is favored by the government to make it nearly the exclusive in a capitalist system that is theoretically built on competition, then we’re seeing crony capitalism because the government is picking the winners either through financial underwriting or favoritism.
Gingrich didn’t like Ryan’s plan, and it’s perfectly alright to disagree with it. That’s what eventually produces a good idea. And Gingrich does know a lot about historic economic and housing policies.