Newt received $1.6 million from Freddie Mac

[Chris]

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

 

[Lumpy 1]

Obama blew $546,000,000 on Solyndra...and so so so much more. just sayin

 

[Chris]

Obama blew $546,000,000 on Solyndra...and so so so much more. just sayin

Bush started the Solyndra program.

Just sayin...

 

[Lumpy 1]

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...

 

[CaféAuLait]

Obama blew $546,000,000 on Solyndra...and so so so much more. just sayin

Bush started the Solyndra program.

Just sayin...

The Bush adminstration DENIED the loan.

 

[Lakhota]

Newt's Freddie Payday Not The Only Part Of His Home Ownership Push

Newt Gingrich Long Advocated Home Ownership Push Prior To A Reported Freddie Mac $1 Million Payday

 

[LadyGunSlinger]

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.

 

[LadyGunSlinger]

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

 

[Lakhota]

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

High Infidelity

By Steve Benen

But the most notorious of them all is undoubtedly Gingrich, who ran for Congress in 1978 on the slogan, "Let Our Family Represent Your Family." (He was reportedly cheating on his first wife at the time). In 1995, an alleged mistress from that period, Anne Manning, told Vanity Fair's Gail Sheehy: "We had oral sex. He prefers that modus operandi because then he can say, 'I never slept with her.'" Gingrich obtained his first divorce in 1981, after forcing his wife, who had helped put him through graduate school, to haggle over the terms while in the hospital, as she recovered from uterine cancer surgery. In 1999, he was disgraced again, having been caught in an affair with a 33-year-old congressional aide while spearheading the impeachment proceedings against President Clinton.

"High Infidelity" by Steve Benen

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

 

[LadyGunSlinger]

Oooo POLLUTICO even slams Barry..

Fannie Mae, Freddie Mac executives get big housing bonuses - Josh Boak and Joseph Williams - POLITICO.com


Tsk tsk Mr. Barry.. those Freddie and Fannie bonuses are extreme after you're having given them a blank check - taxpayers money at that!

 

[LadyGunSlinger]

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?

 

[LadyGunSlinger]

Vitter Questions Continuing Taxpayer Bailouts for Fannie Mae and Freddie Mac - Latest Headlines - Investors.com


Nov 04, 2011 (Congressional Documents and Publications/ContentWorks via COMTEX) -- (Washington, D.C.) - U.S. Sen. David Vitter today made the following statement after reports that Freddie Mac is seeking a $6 billion bailout from U.S. taxpayers to cover its losses in the third financial quarter. Fannie Mae is expected to follow suit next week with another multi-billion-dollar bailout request, and the Federal Housing Finance Agency just approved $12.79 million in bonuses to be paid to 10 Fannie Mae and Freddie Mac executives.

Hmmm, the Federal Housing Finance Agency approved bonuses to Freddie and Fannie execs.. FEDERAL AGENCY, BARRY.. BARRY - FEDERAL AGENCY... Say it ain't so!

 

[editec]

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.

 

[LadyGunSlinger]

The Yeshiva World Republican Senator Calls On Obama To Cancel Fannie Mae, Freddie Mac Bonuses « »


Republican Senator Calls On Obama To Cancel Fannie Mae, Freddie Mac Bonuses
(Wednesday, November 2nd, 2011)



“I am calling on the president of the United States to cancel those bonuses and explain to the American people, the taxpayers who bailed out Freddie and Fannie, why he continues to reward failure,” Sen. John Barrasso, R-Wyo., said at a news conference Tuesday.

The two housing giants have received about $141 billion in taxpayer funds since the government took them over in 2008 during the financial crisis.



Politico first reported the $6.46 million in bonuses for the top five officers at Freddie Mac — including $2.3 million for CEO Charles E. Haldeman Jr., who is stepping down next year — and $6.33 million for Fannie Mae officials, including $2.37 million for CEO Michael Williams, for meeting modest goals.

A second bonus installment for Freddie executives in 2010 has yet to be reported to the Securities and Exchange Commission, Politico reported.

White House aides say the president took a lead on cleaning up excessive compensation on Wall Street with the Dodd-Frank bill, but those provisions do not apply to Fannie and Freddie.

“The White House was not involved and nor should it be,” White House Press Secretary Jay Carney said Tuesday.

But during the 2008 presidential campaign, Obama had a slightly more aggressive view.

“I’ve always said that any action with respect to Fannie Mae and Freddie Mac needs to put taxpayers first and can’t under any circumstances bail out shareholders or senior management of that company,” Obama said.


Barry, Barry, Barry.. another campaign LIE..

 

[Lakhota]

I think Bill Clinton should be pulled into this. Also, does anyone have an update on how many people the Clintons murdered? Last I heard it was somewhere around 46. WorldNutDaily should have the latest body-count.

 

[LadyGunSlinger]

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.

Actually my point is what's good for the goose... If Newt is disqualified from serving then Barry should step down.. after all, fair is fair. Newt in the private sector made money from Freddie.. Barry has taken taxpayer money and given out BILLIONS..

 

[Flaylo]

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.

Actually my point is what's good for the goose... If Newt is disqualified from serving then Barry should step down.. after all, fair is fair. Newt in the private sector made money from Freddie.. Barry has taken taxpayer money and given out BILLIONS..

Your point is typical partisan hack shit, Newt personally benefitted, you are indirectly blaming Obama for something he didn't do, either way two wrongs make no right because the American people end up being screwed. Whats good for the goose and gander is both fucked up for the American people, if wrong is wrong don't support Gingrich who personally profitted. It was Bush who initiallty bailed out Fannie Mae any way.

 

[Flaylo]

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.

Actually my point is what's good for the goose... If Newt is disqualified from serving then Barry should step down.. after all, fair is fair. Newt in the private sector made money from Freddie.. Barry has taken taxpayer money and given out BILLIONS..

Your point is typical partisan hack shit, Newt personally benefitted, you are indirectly blaming Obama for something he didn't do, either way two wrongs make no right because the American people end up being screwed. Whats good for the goose and gander is both fucked up for the American people, if wrong is wrong don't support Gingrich who personally profitted. It was Bush who initiallty bailed out Fannie Mae any way.

 

[Flaylo]

LadyBullshitslinger's point is that if corruption is ok for Democrats its ok for Newt, what a retarded, dumbass broad.

 

[Lumpy 1]

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..