Newt received $1.6 million from Freddie Mac

Discussion in 'Politics' started by Chris, Nov 17, 2011.

  1. Chris
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    Chris Gold Member

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    Newt Gingrich made between $1.6 million and $1.8 million in consulting fees from two contracts with mortgage company Freddie Mac, according to two people familiar with the arrangement.

    The total amount is significantly larger than the $300,000 payment from Freddie Mac that Gingrich was asked about during a Republican presidential debate on Nov. 9 sponsored by CNBC, and more than was disclosed in the middle of congressional investigations into the housing industry collapse.

    Gingrich’s business relationship with Freddie Mac spanned a period of eight years. 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.” Former Freddie Mac executives who worked with Gingrich dispute that account.

    Gingrich’s first contract with the mortgage company was in 1999, five months after he resigned from Congress and as House speaker, according to a Freddie Mac press release.

    His primary contact inside the organization was Mitchell Delk, Freddie Mac’s chief lobbyist, and he was paid a self- renewing, monthly retainer of $25,000 to $30,000 between May 1999 until 2002, according to three people familiar with aspects of the business agreement.

    Gingrich Said to Be Paid About $1.6 Million by Freddie Mac - Bloomberg
     
  2. Lumpy 1
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    Lumpy 1 Diamond Member Supporting Member

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    Obama blew $546,000,000 on Solyndra...and so so so much more. just sayin
     
  3. Chris
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    Chris Gold Member

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    Bush started the Solyndra program.

    Just sayin...
     
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  4. Lumpy 1
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    Lumpy 1 Diamond Member Supporting Member

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    This is true Chris...but he didn't blow 546 million on it.... just sayin..

    Freddie Mac and Fannie Mae should be fully investigated by.. ah.. I don't even know who can be trusted anymore, the politicians on both sides should pay a price..odds of that...
     
  5. CaféAuLait
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    CaféAuLait This Space for Rent

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    The Bush adminstration DENIED the loan.
     
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  6. Lakhota
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    Lakhota Diamond Member

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  7. LadyGunSlinger
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    LadyGunSlinger Conservative Babe Supporting Member

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    Liberals worried about Newt and Freddie Mac- nothing more than a smear campaign.. put your money where your fat mouths are:

    about Senator Obama’s statement earlier today is he kept bringing up greed on Wall Street. He’s got two economic advisors. One was leading up his vice-presidential selection campaign, Jim Johnson. He used to work at Fannie Mae. He was a top exec at Lehman Brothers. He made tens of millions of dollars. And the Washington Post had reported that Frank Raines made $90 million in six years as the head of Fannie Mae and that he has been an economic advisor for — for Barack Obama.

    It isn’t just Fannie Mae where Obama has a problem. Another close political adviser, in fact the one man responsible for rallying support for Obama early on among Congressional Democrats, is Rep. Rahm Emanuel, who served on the Board of Directors for Freddie Mac after leaving the Clinton White House. According to Freddie Mac insiders, Emanuel during his time on the board opposed every reform proposed by the Bush Administration that would have impacted Freddie and Fannie Mae.

    Now all of a sudden it becomes an outrage with libs.. No matter Chris Dodd, no matter Barney Franks, no matter Obama, no matter Rahmbo.. Barack Obama – Fannie Mae Lobbyists’ second favorite senator « JuggaMyNuggaWhat?

    Fannie and Freddie have also been places for big Washington Democrats to go to work in the semi-private sector and pocket millions. The Clinton administration's White House Budget Director Franklin Raines ran Fannie and collected $50 million. Jamie Gorelick — Clinton Justice Department official — worked for Fannie and took home $26 million. Big Democrat Jim Johnson, recently on Obama's VP search committee, has hauled in millions from his Fannie Mae CEO job.



    Read more: Barack Obama's Fannie Mae/Freddie Mac Connection | Fox News

    If it's a NOW a big deal then your messiah needs to resign as well as all the Clintonites.
     
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  8. LadyGunSlinger
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    Fannie Mae and Freddie Mac Now Have a Blank Check

    Obama gives blank check to Freddie and Fannie. Corruption?


    On Christmas Eve, President Obama quietly signed an executive order removing the caps of $200 billion dollars that the Treasury was authorized to spend on each of the two mortgage underwriters. Fannie Mae and Freddie Mac now will have access to unlimited Treasury funds through 2012 — this despite the fact that Treasury has so far provided $61 billion to Fannie and $50 billion to Freddie, both formidable sums, but a far cry from the now-abolished $200 billion ceiling.


    http://www.thenewamerican.com/index...ie-mae-and-freddie-mac-now-have-a-blank-check
     
  9. Lakhota
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    Intellectual idiot - The Portland Freelancer: Newt Gingrich: An Intellectual Idiot

    Serial adulterer - even while impeaching President Clinton - see below

    Vietnam draft evader - graduate school deferment (Some deferment - Vietnam War lasted 11 years) - Draft Deferment: Vietnam

    Congressional disgrace - Only Speaker of the House to have been disciplined for ethics violations - Newt Gingrich - Wikipedia, the free encyclopedia

    Newt Gingrich’s Second Wife Dishes Hard To Esquire: His Money Woes, His Philandering, His Meltdown | TPMMuckraker

    Newt Gingrich - SERIAL ADULTERER - SEX ADDICT - Democratic Underground
     
  10. LadyGunSlinger
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