Flaylo
Handsome Devil
Newt Gingrich Long Advocated Home Ownership Push Prior To A Reported Freddie Mac $1 Million Payday
Repugs love Newt, they love that flavor, the flavor of failure and scandal.
Despite advice that Gingrich may have provided to Freddie Mac, he was on the mortgage giant's payroll during a massive accounting scandal at the company -- which, along with a simultaneous Fannie Mae accounting disaster, was the largest in American corporate history. The company first began paying fines in 2002 to settle charges related to the 101 different violations detailed by its regulator, but continued to settle charges with authorities for years afterward. The debacle forced the company to re-state several years of corporate earnings and resulted in the ouster of Freddie CEO Leland Brendsel, along with an effort to regain his compensation. Gingrich continued to work for Freddie Mac, signing another contract with the company in 2006.
Repugs love Newt, they love that flavor, the flavor of failure and scandal.