Newt Gingrich touted Freddie Mac business model in 2007

Discussion in 'Politics' started by Maple, Dec 2, 2011.

  1. Maple
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    Maple Senior Member

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    Sure he did, he was paid to do it. Good Grief, the many flips of Newt Gingrich. First, supporting a national mandate for health care. Second, supporting Dee Dee , a true rhino, in the New York congressional election over the conservative, she dropped out and threw her support to the Democrat in the race. Sitting on a love seat with Nancy Pelosi promoting global warming. Throwing Paul Ryan under the bus on his budget plan??

    Now this- and all he has to do is apologize to people and all is forgiven. Do you really know this man? you better, because if you don't and you nominate him, the Democrats won't forget and Obama will use his billion dollars to run adds on Newt that will curl your hair. All is not out on this guy, sure he can debate but he is very capable of making huge mistakes.

    Newt Gingrich touted Freddie Mac business model
     
    Last edited: Dec 2, 2011
  2. Maple
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    Maple Senior Member

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    Former House speaker Newt Gingrich highlighted the benefits of Freddie Mac's business model in 2007 -- a position that appears to contradict his assertion that he warned the mortgage company of its "insane" business practices.


    In an interview posted in an archived version of Freddie Mac's website, Gingrich discusses the so-called government-supported enterprise model, dubbed GSEs. "While we need to improve the regulations of the GSEs, I would be very cautious about fundamentally changing their role or the model itself," he said.

    He went on to praise Freddie Mac's and Fannie Mae's "important contribution" to homeownership
     
  3. oreo
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    oreo Gold Member Supporting Member

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    The linked article you posted also says this:

    Now that they have collapsed due to lack of regulations as cited above--costing Americans taxpayers BILLIONS--Newt Gingrich wants to dismantle both Fannie Mae and Freddie Mac.
     
    Last edited: Dec 2, 2011
  4. Maple
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    Maple Senior Member

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    Freddie Mac Paid Newt Gingrich More Than $1.6 Million - National - The Atlantic Wire
     
  5. Maple
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    Maple Senior Member

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    They need to be eliminated not improved, he speaks from both sides of his mouth when it's convienient for him to do so. Freddie and Fannie are the reason for the shape we are in today, I never once heard him warning anyone of the pending doom, like Bush and McCain were doing. He worked for them making connections with Republican legislators to assure that they were not regulated, that was his job, he may not have had personal contact with legislators but you can bet your buck wheat that he advised Freddie on who to talk to. They did not hire him to bash their organization, they hired him to promote it. And he took it and ran with it.
     
  6. Grampa Murked U
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    Grampa Murked U Diamond Member

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    Newt was being paid as a private citizen to promote them. What would you to expect him to do? He did the job he was paid to do. Too bad congress didn't when they were warned MULTIPLE times. Yet its Newts fault? He did what he was paid to do and it was a legit legal job.

    Deal with it.
     
  7. Maple
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    Maple Senior Member

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    It's very naive to think that Newt Gingrich has to do nothing but apologize and all will be forgiven because you can bet, the Democrats will use every bit of this information to thorougly dis-credit him with their billion dollars of negative adds.

    I don't care how good a debater he is, he won't be able to debate himself or apologize himself out of this. Freddie and Fannie are responsible for the many millions we have out of work today, there is no aplogizing for that, an apology just will not cut it.
     
  8. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    I don't think anyone is blaming Newt for anything. They just have issues trusting him because he has a questionable background and character.
     
  9. Grampa Murked U
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    Grampa Murked U Diamond Member

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    He did what he was paid to do. That's what people do everyday at work.

    Place your blame where it belongs. ON CONGRESS
     
  10. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    Again, the issue here isn't blame, but trust.
     

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