Newt Gingrich releases 2nd contract with Freddie-specifically states no lobbying.

[oreo]

By BRETT J. BLACKLEDGE, Associated Press – 1 hour ago

NAPLES, Fla. (AP) — GOP presidential candidate Newt Gingrich began receiving payments from Freddie Mac in 1999 under a contract that paid his consulting business $25,000 a month to work with the mortgage giant's chief lobbyist, according to a second agreement released Tuesday night.

The contract specifically excluded lobbying services, stating "nothing herein is or shall be construed as an agreement to provide lobbying services of any kind or engage in lobbying activities."

The Center for Health Transformation, founded by Gingrich, provided the second contract a day after releasing a 2006 agreement for Gingrich's services. The two contracts paid Gingrich's consulting business $1.65 million and required Gingrich to report to Freddie Mac's lobbying office.

The 1999 contract was signed in July and renewed through 2002, and the 2006 contract was renewed for one year in 2007, said Susan Meyers, a spokeswoman for the Center for Health Transformation.

The Associated Press: 2nd Freddie Mac contract with Gingrich is released

JC Watts a Hawk on Freddie Mac--defends Newt Gingrich and states that Mitt Romney is lying.

Republican presidential candidate and former House Speaker Newt Gingrich speaks during a South Carolina Republican presidential primary night rally Saturday in Columbia, S.C. (Matt Rourke - AP) Romney’s intensifying attacks against Gingrich over his work for the federally-backed mortgage giant.

Watts said Gingrich, a former House speaker, was never a part of the discussions on Capitol Hill about Freddie Mac. He criticized Romney for accusing Gingrich of lobbying for Freddie Mac because it isn’t true.

Watts, a former four-term congressman from Oklahoma first elected with the Republican revolution that Gingrich led in 1994, is a former chairman of FM Policy Focus, an arm of his Washington consulting firm that represented various financial institutions who were pushing for greater oversight of Freddie Mac and Fannie Mae.

“In the six years that I was chairman of FM Policy focus, we had Republican and Democrat consultants that were part of our meetings,” Watts said. “We talked to Republican and Democrat members of Congress. We talked to Wall Street types. And the first time I heard Newt Gingrich’s name was probably 45 days ago, and that was probably that first week of December, when he was getting hit in Iowa basically saying that he was peddling influence for Freddie Mac".

J.C. Watts defends Newt Gingrich on Freddie Mac - Election 2012 - The Washington Post

Mitt Romney's income tax return is showing that he invested 500 million into Fannie Mae and Freddie Mac as a bondholder. Since he is a 500 million dollar bondholder in these two disaster's--is it possible that in retrospect that he received a taxpayer bailout--and his investment was "saved"? INTERESTING question that Mitt Romney should answer.

 

[oreo]

Well where in the heck are you liberals at now?--LOL

 

[California Girl]

They're busy laughing at morons who think Gingrich can take down Obama in the GE.

I'm laughing with them.

 

[whitehall]

What the hell is your problem lefties? You have a former community activist who don't know his ass from a hole in the ground and you want to quibble about business men who LEGALLY made money? I'd rather have a successful business man as president than a former community organizer.