Wednesday, November 16, 2011

Repugs' favorite sugar daddy, Fannie Mae and Freddie Mac

"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..."
You didn't really think Gingrich was telling the truth during that debate when he said he made 'only $300,000' from Fannie and Freddie, did you? Multiply that lie by six. We are talking about Newt Gingrich, after all.

You have to laugh at teabaggers when they constantly whine about 'Dodd/Frank' and Fannie Mae and Freddie Mac, when anyone who cares about the truth knows that Republicans like Gump and Gingrich were its biggest cheerleaders and benefactors.
"Gingrich’s first contract with the mortgage lender was in 1999, five months after he resigned from Congress...None of the former Freddie Mac officials who spoke on condition of anonymity said Gingrich raised the issue of the housing bubble or was critical of Freddie Mac’s business model."
And he's such a nauseating and corrupted blowhard.