Newt Gingrich answers IN DEPTH questions about bus. relationship with Freddie Mac

Discussion in 'Politics' started by oreo, Dec 1, 2011.

  1. oreo
    Offline

    oreo Gold Member Supporting Member

    Joined:
    Sep 15, 2008
    Messages:
    12,454
    Thanks Received:
    1,960
    Trophy Points:
    255
    Location:
    rocky mountains
    Ratings:
    +4,151
    The below video with Greta Van Sustren in a 17 minute interview--with Newt Gingrich. He answers his business relationship with Freddie Mac. WARNING to you liberals--at the end of this video--he goes after the Occupy whatever wall street protester--:razz:

    [ame=http://www.youtube.com/watch?v=TZEeB4T_RWs&feature=player_embedded]Newt Answers In-depth Questions Concerning Freddie Mac - YouTube[/ame]
     
    Last edited: Dec 1, 2011
  2. del
    Offline

    del BANNED

    Joined:
    Sep 3, 2008
    Messages:
    45,052
    Thanks Received:
    9,830
    Trophy Points:
    0
    Ratings:
    +9,885
    i watched the first five minutes.

    i heard lots of evasion, some condescension and a bunch of bullshit, including the gem that he only gave "strategic advice" and didn't lobby.

    quite the load of shit. :thup:

    thanks for sharing
     
    • Thank You! Thank You! x 2
  3. oreo
    Offline

    oreo Gold Member Supporting Member

    Joined:
    Sep 15, 2008
    Messages:
    12,454
    Thanks Received:
    1,960
    Trophy Points:
    255
    Location:
    rocky mountains
    Ratings:
    +4,151
    Do you also read less than 1/3 of a book and watch less than 1/3 of a movie to give your expert opinion?---:lol::lol::lol:
     
  4. Grampa Murked U
    Offline

    Grampa Murked U Diamond Member

    Joined:
    Jun 13, 2011
    Messages:
    47,585
    Thanks Received:
    8,782
    Trophy Points:
    2,055
    Location:
    Kansas City
    Ratings:
    +23,821
    I find it interesting that he was paid that large sum BUT everyone fails to mention it was paid over about a 7 year period. They met on average once a month over nearly a decade. And Del lobbying is when you sales pitch to congress. He never did that.
     
  5. Maple
    Offline

    Maple Senior Member

    Joined:
    Mar 15, 2009
    Messages:
    4,674
    Thanks Received:
    568
    Trophy Points:
    48
    Ratings:
    +568
    I find it interesting too, why would Freddie pay anyone to do nothing and from Newt's accounts he didn't do anything. In the debate he stated that he advised them that they would collapse, yet in this video he deny's that statement. Coming up with a boy scout idea to teach boy scouts how to save money to buy a home is not worth 1.2 or 1.6 million, I would do it for nothing. Something smells here, we have not heard the end of this story.

    Freddie Mac Paid Newt Gingrich More Than $1.6 Million - National - The Atlantic Wire




    Former House Speaker and current president candidate Newt Gingrich was paid between $1.6 and $1.8 million for his consulting work with semi-public mortgage company Freddie Mac, reports Bloomberg. That's a bit higher than the previously reported figure of $300,000, which Gingrich was asked about during the CNBC Republican primary debate. "When asked at the debate what he did to earn a $300,000 payment in 2006, the former speaker said he 'offered them advice on precisely what they didn’t do,' and warned the company that its lending practices were 'insane,'" Bloomberg reports. "Former Freddie Mac executives who worked with Gingrich dispute that account." Talking Points Memo's David Kurtz goes somewhat farther than Bloomberg, writing, "Newt was not, as he claimed, warning them about the housing bubble or the dangers of their business model ... In fact, his role was, in part, to protect the mortgage giants from more regulation by the Republican-controlled House."

    Something that Freddie Mac officials and Gingrich can agree on, however, is that Gingrich's work at Freddie Mac did not technically constitute lobbying, although some of the former Freddie Mac officials interviewed by Bloomberg said, "Gingrich was asked to build bridges to Capitol Hill Republicans and develop an argument on behalf of the company’s public-private structure that would resonate with conservatives seeking to dismantle it." One of Gingrich's suggestions was cozying up to the Boy Scouts of America. "One idea that the former Georgia congressman proposed that Freddie Mac didn’t pursue was initiating a program with the Boy Scouts of America to teach youngsters the importance of saving money and maintaining good credit so they would qualify to buy a home later in life," according to Bloomberg.

    Want to add to this story? Let us know in comments or send an email to the author at dgrandoni@theatlantic.com. You can share ideas for stories on the Open Wire.

    Topics: Freddie Mac, 2012 Election, Newt Gingrich, GOP 2012
     
    Last edited: Dec 1, 2011
  6. oreo
    Offline

    oreo Gold Member Supporting Member

    Joined:
    Sep 15, 2008
    Messages:
    12,454
    Thanks Received:
    1,960
    Trophy Points:
    255
    Location:
    rocky mountains
    Ratings:
    +4,151
    Considering that Franklin Raines the administrator of Fannie Mae raided it for 125 MILLION in bonus'es. Fees over a 7 year period for consulting services of 1.6 million are reasonable.

    I believe Raines had to pay back 25 million of those bonuse's that he received.

    RealClearPolitics - Articles - Raines, Obama and the Media
     
    Last edited: Dec 1, 2011
  7. Avorysuds
    Offline

    Avorysuds Gold Member

    Joined:
    Jul 4, 2010
    Messages:
    13,834
    Thanks Received:
    1,655
    Trophy Points:
    245
    Location:
    Eugene Oregon
    Ratings:
    +2,141
    Wow so only 200k a year for 1 meeting a month? Gramps, you know how to pick the most honest of candidates I tell you. Imagine if you could get that kinda cash for the job of showing up to a Government backed agency for like 1 hour a month after you were a politician that helped them exsist…

    Face it, that feeling of "awww fuck this guy sucks too" is starting to creep in... And to think all you had to do was give it a week or so and read up on his policies before you became a full fledged fanboi~
     
  8. Grampa Murked U
    Offline

    Grampa Murked U Diamond Member

    Joined:
    Jun 13, 2011
    Messages:
    47,585
    Thanks Received:
    8,782
    Trophy Points:
    2,055
    Location:
    Kansas City
    Ratings:
    +23,821
    I have had jobs like that. I was a contractor for the govt for just over a decade. I was paid tons more than true market values for my services. That's just how our govt functions. It doesn't seem the least bit abnormal to me.

    The best one I had was for a contract on Ft Leavenworth. It paid 140k and I only had to work 6 hours a day, 2 to 3 days a week. I even rented a house just off base even thought I only lived an hour away.

    It's easy to critique when you don't have all the facts.
     
  9. NYcarbineer
    Offline

    NYcarbineer Diamond Member

    Joined:
    Mar 10, 2009
    Messages:
    96,040
    Thanks Received:
    11,266
    Trophy Points:
    2,060
    Location:
    Finger Lakes, NY
    Ratings:
    +30,242
    So the vaunted Tea Party rebellion with all its anti-establishment pretensions ends up falling in line behind the ultimate Washington insider,

    Newt Gingrich.

    I keep telling you this a sitcom.
     
  10. Avorysuds
    Offline

    Avorysuds Gold Member

    Joined:
    Jul 4, 2010
    Messages:
    13,834
    Thanks Received:
    1,655
    Trophy Points:
    245
    Location:
    Eugene Oregon
    Ratings:
    +2,141
    Maybe the difference here is you don't see ripping off the tax payers as bad and I do... It's fine that you did what you did because while I don't approve of it you're not running for President and you we’re not a politician that worked with F&F before you “retired.” The big difference is Newt worked in Government, he worked with F&F, meaning he pretty much was paid off over 7 years... If you’re ok with that, fine, but be honest about it.


    And for the record you never had a job like that... Showing up to BS about whatever and collect a paycheck? It's called curruption... Not an easy or lucky job account.
     
    Last edited: Dec 1, 2011

Share This Page