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Can someone please tell LadyBullShitter that this thread is about Newt Gingrich?
Thanks.
Thanks.
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Obama blew $546,000,000 on Solyndra...and so so so much more. just sayin
Bush started the Solyndra program.
Just sayin...
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...
Bush started the Solyndra program.
Just sayin...
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...
He "blew" far more on the Joint Strike Fighter and Missile Defense. 2 programs. Hundreds of Billions spent. Nothing to show for it.
Where's Issa?
Can someone please tell LadyBullShitter that this thread is about Newt Gingrich?
Thanks.
You know what... Fannie & Freddie have long been a darling and slush fund generator for the Democrat Party at the taxpayers expense.. If the left wing loons want to investigate their own piggy bank, I say let them open up that can of worms but it seems rather stupid...
BTW.. That fact that Freddie and Fannie are a dismal failure proves Democrats are in control..
Many of you Zombies may ask yourselves:
Why didnt obama bailout the low income insted of the rich, GM, fanny mae freddy mac?
Things that makes you go hmmmm?
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
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
I want to know what he was Advising them to do. If it was anything but, STOP WHAT YOUR DOING YOU ARE GOING TO CAUSE AN ECONOMIC COLLAPSE, Then Newt's Not getting my vote.
"I offered them advice on precisely what they didn't do," Gingrich said last week.
"My advice as a historian, when they walked in and said to me, 'We are now making loans to people who have no credit history and have no record of paying back anything, but that's what the government wants us to do' — I said to them at the time, 'This is a bubble, this is insane, this is impossible,' " Gingrich said at last week's debate
For its part, Freddie Mac won't confirm or deny that it ever hired him.
Guy Cecala, the publisher of the industry newsletter Inside Mortgage Finance, says Freddie wouldn't have hired Gingrich for his historical and financial perspectives.
"They had rocket scientists and their own brain trust for doing it," he says. "What they were looking more for was political protection and cover, and they wanted it on both sides of the aisle."
Didn't he say he only got $300K from them during the debate? He clear that up yet?
Newt says he doesn't remember. How does one forget making nearly $2,000,000.?Didn't he say he only got $300K from them during the debate? He clear that up yet?
This thread is fairly typical of the way threads develop when partisans clash.
The charge is made that Newt got down dirty with Freddie and Fannie Mac
No GOP partisan offers ANY defence or refutation of that charge
Instead their response is advance the charge that Obama got down dirty with other industries.
This is the way partisans think:
Sure, our side are dirty thieving tools who sell out the American people, but so is the other side, so it's OKAY.
THAT is a fairly good example of why America is going down, folks.
This thread is fairly typical of the way threads develop when partisans clash.
The charge is made that Newt got down dirty with Freddie and Fannie Mac
No GOP partisan offers ANY defence or refutation of that charge
Instead their response is advance the charge that Obama got down dirty with other industries.
This is the way partisans think:
Sure, our side are dirty thieving tools who sell out the American people, but so is the other side, so it's OKAY.
THAT is a fairly good example of why America is going down, folks.
All this frothing at the mouth, wild eyed, crazed Newt bashing going on here by the leftists is making it pretty sure to me that Newt is the guy that should be president. Anybody that scares them this much has to be a good man.
Thanks libtards... the more you bash him, the more I like him...
This thread is fairly typical of the way threads develop when partisans clash.
The charge is made that Newt got down dirty with Freddie and Fannie Mac
No GOP partisan offers ANY defence or refutation of that charge
Instead their response is advance the charge that Obama got down dirty with other industries.
This is the way partisans think:
Sure, our side are dirty thieving tools who sell out the American people, but so is the other side, so it's OKAY.
THAT is a fairly good example of why America is going down, folks.
I would agree in most cases that is a true statement.
But not this case.
Gingrich earned the money through consulting fees, it wasn't stolen.
The amount he earned is no where close to the bonuses the current FM/FM execs got TODAY, using TAXPAYER dollars for a thrice BAILED out, FAILED business.
Perhaps it's about hypocrisy.
Just to be clear, I am not taking sides.
The Fed Govt should not be in the mortgage industry business.