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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.
So an outside paid consultant is somehow involved or responsible or whatever for a company's bookkeeping hanky-panky?
So an outside paid consultant is somehow involved or responsible or whatever for a company's bookkeeping hanky-panky?
I'm surprised you would ask.
Newts leading in the polls so you know its gotta be something he was involved with.
Plus Newts a Rep.
Need I say more??
So an outside paid consultant is somehow involved or responsible or whatever for a company's bookkeeping hanky-panky?
I'm surprised you would ask.
Newts leading in the polls so you know its gotta be something he was involved with.
Plus Newts a Rep.
Need I say more??
Newt Gingrich - Wikipedia, the free encyclopedia
He is NOT a rep.
You have no idea of what the facts are
So an outside paid consultant is somehow involved or responsible or whatever for a company's bookkeeping hanky-panky?
I'm surprised you would ask.
Newts leading in the polls so you know its gotta be something he was involved with.
Plus Newts a Rep.
Need I say more??
Newt Gingrich - Wikipedia, the free encyclopedia
He is NOT a rep.
You have no idea of what the facts are
LMAO TDM your such an ass.
How much money do you think Dems take from monied interests when they leave office.
Unless of course they work for free.
Not fucking likely.
LMAO TDM your such an ass.
How much money do you think Dems take from monied interests when they leave office.
Unless of course they work for free.
Not fucking likely.
ALL FROM FANNIE/FREDDIE to:
Raines was in charge in 2001, when Fannie chose to create what the SEC dryly called "its own unique methodology" to calculate the earnings impact of its trillion-dollar portfolio of derivatives.
Raines' total compensation from 1998 through 2004 was $91.1 million, including some $52.6 million in bonuses, according to OFHEO. Howard earned $30.8 million during the period, including $16.8 million in bonuses; Spencer received $7.3 million, of which some $3.5 million was bonus money.
This is what a earlier thread topic was: 5.1 MILLION jobs lost in Bush's final 18 months.
Rham Emmanuel, NOW OBAMA CHIEF OF STAFF and Jamie Gorelick were employees and directors of Fannie and freddie took between the two took out over $20 million.
Gorelick was appointed Vice Chairman of Federal National Mortgage Association (Fannie Mae) from 1997 to 2003. She served alongside former Clinton Administration official Franklin Raines During that period, Fannie Mae developed a $10 billion accounting scandal.
Gorelick took home $26.46 million in the period from 1998 to 2002 (she left in that year, so she wasnt there for the entire period under investigation). Of that figure, nearly $15 million came from EPS bonuses.
and while serving as Deputy Attorney General under Bill Clinton, Gorelick spoke in favor of banning the use of strong encryption and called for a key escrow system to allow the Federal government access to encrypted communication.
Donations from FANNIE/FREDDIE
1.Dodd, Christopher S D-CT $133,900
2. Kerry, JohnS D-MA $111,000
3. Obama, Barack S D-IL $105,849
