HUFFPOST: Gingrich Reportedly Got $1.6 Million From Freddie Mac


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EDITOR’S NOTE: WHAT ON EARTH WAS WORTH $1.6 MILLION TO FREDDIE MAC AND HOW MUCH DID HE GET FROM FANNIE AND THE BANKS? The only possible answer is that they paid him to lobby for the Banks and against the interests of the Country and its people. And don’t make the mistake of thinking Gingrich was the only one — most of the current politicians in office are in the same boat. That is why I call those tounsands of public offices up for re-election next NOvember are “vacant.” There is someone sitting in there but nobody is home.

Your country needs you. Even if you never thought about running for public office you need to consider it so there are alternatives to this crop of crop politicians.  OCCUPY PUBLIC OFFICES!

By The Huffington Post | Posted Nov 16th 2011 2:00PM

In recent months, GOP presidential candidate Newt Gingrich has strongly criticized Freddie Mac and sister company Fannie Mae, as well as Democrats in Congress that he claims played a key role in the collapse of the housing market. And yet two former Freddie Mac officials recently told Bloomberg that Gingrich made between $1.6 million and $1.8 million in consulting fees from the mortgage company.

That amount is significantly larger than the $300,000 payment that Gingrich was asked about during a Republican presidential debate on Nov. 9.

The Freddie Mac officials also told Bloomberg that Gingrich was asked to build bridges with Capitol Hill Republicans and help sell the mortgage company’s public-private structure to conservatives.

While campaigning in Iowa this week, the former House Speaker disputed these claims. “I do no lobbying of any kind, and I offered strategic advice and that’s all I do,” Gingrich said. “I don’t go to the Hill. I don’t lobby in any way. I haven’t for the years I’ve left the speakership, period.”

In a discussion with HuffPost’s Jon Ward Tuesday, Gingrich made similar claims.

“I have no idea what the dates were. I offered strategic advice over a period of time. I did no lobbying of any kind. And I’m very happy to offer people strategic advice if they come and ask my advice,” he said.

See the full article at The Huffington Post.

Also see:
Congress Targets Exec Bonuses At Fannie and Freddie

Fannie, Freddie Execs Score $100 Million in Bonuses
FHA Mortgage Loan Limits To Rise Again


9 Responses

  1. So you’re telling me that the model presidential candidate’s profile is he/she who will argue for an issue today, tho it may be necessary to convincingly against that same issue as necessary a few minutes later. The more unflinching the performance, the better I suppose.

    Well, that explains why Romney and Gingrinch are tied then-right? The Banksters must be wringing their hands in you-ain’t- seen- nothin’- yet America’ anticipation of the new King. May the best prevaricator win!!

    What infusion enabled such a swift gain of 21%?

    I’m in your debt for the videos bloggers. Come to think of it- in your debt for a lot of things. Thanks.

  2. Oh geez — heard this. Newt provided advice. But, he claims they did not take his advice. He still got 3 million.

    US Government has fallen apart.

  3. greed seems tobe a way of life even if a oath of intergrity is taken, difficult for me to go along (greed). what happen honest days work, honest days pay………..

  4. Ha Maddow, This is a typical “Limited Hangout” hit piece for establishment media. She doesn’t go near Newt’s most odious crimes against America: Working for the CFR crowd promoting a corporate, fascist, globalist agenda (under the guise of socialism) that sells our rule of law, this Nation, and people around the globe, including Americans, down the river. I have yet to hear her speak to the atrocities foisted on we “proletariats” by these elites who use the Federal Reserve, the UN, the IMF, the World Bank, the WTO, etc, as their government sanctioned and legislated tools. She is as bad as they come because I believe she is smart and she gets it. I can be more forgiving of a truly ignorant individual.

  5. Newt’s Scam
    Rachel Maddow Gets To The Root Of Newt Gingrich’s Scammed Loot!

    pay attention to 1:35

  6. The Peter Schiff Show – “Where is the Newt Gingrich was Right Video?”

  7. “I am very happy to offer people my strategic advice if they come to me and ask for my advice.”

    Was it on his advice that Fannie currently needs 7 billion more of the People’s money? So he can get his 1.6M?

  8. Where in his oath were the words “…and to feather my OWN nest”? Oh right. He’s not presently IN office. That was then, this is now. Consulting. The People just voted him in to ‘get connected.’ Guess the oath was then, but this is now too.

  9. Gingrich is and was influential , FRE and FNM paid him as cover to appear to be hearing the concerns of those in congress that were demanding accountability .. 1.6M$ is just cheap political theater to those agencies.

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