Newt Gingrich paid 1.6 million to lobby for Freddie Mac, page 1

Newt Gingrich paid 1.6 million to lobby for Freddie Mac

Gingrich Said to Be Paid By Freddie Mac to Court Republicans

Gingrich Defends Big Contracts With Freddie Mac

More baggage for Newt Gingrich

Freddie Mac paid him at least $1.6 million to help rally Republicans to its side, Bloomberg News reveals.

It was bad enough when the former House Speaker told CNBC’s John Harwood last week that ailing mortgage giant Freddie Mac paid him $300,000 just to serve as a “historian,” giving the public-private behemoth advice it ignored. Gingrich told Harwood: “‘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,” as I said to them at the time, this is a bubble. This is insane. This is impossible.”

Gingrich’s account of his work for Freddie Mac sounded odd: A lot of my friends are historians, and none of them got big contracts from the corrupt financial sector during the housing boom.

He's claiming he was paid as a "historian" - whatever that means, and 'advised them'. Bloomberg and Freddie Mac are saying otherwise - he was paid to lobby capitol hill Republicans on behalf of Freddie Mac.

This guy makes lobbyists blush in embarrassment. Like his Tiffany's 500K line of credit while they lobbied him, it's just naked greed. (Tiffany's open $500k line of credit for Gingrich while they lobby him)

There used to be a time when real conservatives wouldn't tolerate a lying sack of dung like Newt.

reply to post by Blackmarketeer

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Refer to my previous thread for further evidence that Newt Gingrich is a puppet. It starts out with a brief rant, but there is some info at the end about him: Newt Gingrich Is The Next In Line Puppet

To summarize, he was/is a member of the Council on Foreign Relations, which is a government organization that controls this country's mainstream media and sets their agenda.

reply to post by neo96

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From what I've been hearing, Newt is all the mainstream media rage. Don't underestimate their ability to steer the course of the presidential election.

reply to post by Blackmarketeer

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People forget that it was Newt and the republican majority that made the 90s so good. So obviously the media is out to attack them, and the disinformationists are out on the prowl. So what if he paid $1.6 million? Obama spent millions hiding his birth certificate and nobody cares about that.

There is nothing wrong with lobbying for a company, every presidential candidate needs to make money some time or another. When money is being spent to lie and cheat, that is another problem.

reply to post by TupacShakur

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Yep just like Perry was and Cain was...........

Nah Newt will not get the GOP nomination.

reply to post by neo96

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Unless there is a serious effort by Ron Paul supporters all around the country to educate people about him versus the other candidates, whichever candidate the media is propping up will win. As of right now, that looks like either Romney or Gingrich unfortunately. However despite the lack of coverage, the black outs, the bashing, and the limited debate time, Ron Paul recently climbed atop the polls in Iowa I believe. Hopefully that will give him a good amount of attention and more debate time.

I haven't watched the past couple of debates, and I don't watch any mainstream media, but based on how Newt has been polling lately, I'm assuming there's been an increased amount of media coverage, as well as more debate time? I wouldn't be suprised if Newt has some powerful connections from his days lobbying for Freddie Mac, not to mention working for the CFR, which basically runs this country's media.

reply to post by patriotheart

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There is nothing wrong with lobbying for a company, every presidential candidate needs to make money some time or another.

What a sad attitude to adopt. Nothing wrong with lobbying? Lobbying is EVERYTHING that is wrong with Washington. Lobbying, influence-peddling, bribery - all one and the same.

Originally posted by Blackmarketeer
Newt Gingrich paid 1.6 million to lobby for Freddie Mac

Gingrich Said to Be Paid By Freddie Mac to Court Republicans

Gingrich Defends Big Contracts With Freddie Mac

More baggage for Newt Gingrich

Freddie Mac paid him at least $1.6 million to help rally Republicans to its side, Bloomberg News reveals.

It was bad enough when the former House Speaker told CNBC’s John Harwood last week that ailing mortgage giant Freddie Mac paid him $300,000 just to serve as a “historian,” giving the public-private behemoth advice it ignored. Gingrich told Harwood: “‘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,” as I said to them at the time, this is a bubble. This is insane. This is impossible.”

Gingrich’s account of his work for Freddie Mac sounded odd: A lot of my friends are historians, and none of them got big contracts from the corrupt financial sector during the housing boom.

He's claiming he was paid as a "historian" - whatever that means, and 'advised them'. Bloomberg and Freddie Mac are saying otherwise - he was paid to lobby capitol hill Republicans on behalf of Freddie Mac.

This guy makes lobbyists blush in embarrassment. Like his Tiffany's 500K line of credit while they lobbied him, it's just naked greed. (Tiffany's open $500k line of credit for Gingrich while they lobby him)

There used to be a time when real conservatives wouldn't tolerate a lying sack of dung like Newt.

The American people want the unemployment rate reduced to 4%. We can't get there from here
with the socialist Obama in the White House.

They don't care if Newt was paid $1.6 million to lobby for Freddie Mac.

You are going to have to do better than that.

reply to post by Blackmarketeer

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Infformation will leak out bit by bit. I have been saying that I almost up chucked when I actually found a voter who is supporting him. Gingrich has more dirty laundry than the rest combine. In this day and age it will all be exposed I have no doubt. Why do you think they are preparing for the internet kill switch. It is huring the Globalists and their Bank cartels. The main thing they are concerned about is if one goes down they will all go down. Criminals have a way of turning on each other when the pressure gets applied.

Originally posted by patriotheart
reply to post by Blackmarketeer

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People forget that it was Newt and the republican majority that made the 90s so good. So obviously the media is out to attack them, and the disinformationists are out on the prowl. So what if he paid $1.6 million? Obama spent millions hiding his birth certificate and nobody cares about that.

There is nothing wrong with lobbying for a company, every presidential candidate needs to make money some time or another. When money is being spent to lie and cheat, that is another problem.

Are you kidding me? Newt Gingrich is the poster child for hypocrisy in the biblical sense and the seven deadly sins. He is a greasy stain on the filthy underbelly of American politics, a cancerous tumor of the fetid colon of corruption. He is the foul smelling pus of an overripe boil that bursts forth upon the slightest provocation and like the malignant creature from the movie "Alien" with Sigorney Weaver, he attempts to burrow back into the flesh when exposed to the light of day so he may continue to feed, fester and infect the waking giant known as the electorate.

The prison cell he recommended for congressman Chris Dodd who committed the same crime would be fitting for Newt Gingrich but not nearly a satisfactory punishment. Newt Gingrich should be willing to give back his ill-gotten gains to those Americans currently being evicted from their homes by the very banks that paid Newt. Newt Gingrich should admit the extent and the level of outrageous depravity of his misdeeds and beg forgiveness of the public he swore, in God's name, to protect.

Short of a complete sincere apology accompanied by the caveat that he should be struck with anal warts full of tapeworms if he is lying and a daily vow to ferret out the gangrene like infection known as congress, I shall continue to shudder at the mention of his foul and fitting name, NEWT.

The only thing

reply to post by Blackmarketeer

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You might want to check up on the definition of lobbying. He was paid to offer advice to an organization, advice that he was in a pretty unique position to provide being x-speaker of the house. He was a private citizen at the time and not in a position to influence policy nor spending decisions. You should have a larger problem with the fact that these organizations who have been bailed out by the government had that much dough in a discretionary budget to pay consultants at all rather than the fact that they paid him.

The Tiffanys deal? Why do you care what someone does with his money? Its a free society. His spending his cash on bangles is no difference than him giving his money to a soup kitchen. Both are choices and its nobodys business. Only the petty are making an issue of it

This is coming up because because like everyone who has risen in the polls they went after him. The media is in the bag for Obama and anyone who looks to gather any steam will be trashed.

Will Newt get the nomination? Probably not, but I guarantee that Obama and his political hacks have nightmares thinking about debating him.

reply to post by dolphinfan

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He was paid to prepare talking points, take those to his colleagues, and sell them on those schemes. In other words, lobbying. His lame excuse that he was being paid to be a 'historian' -

Newt Gingrich, Freddie Mac and the latest pseudo-conservative fraud

Newt believes Barney Frank should go to jail because of ties to a lobbyist, while Newt takes an impressive $1.6 million of Freddie Mac money, according to multiple reports. Does Newt believe Newt should go to jail, too?

How can anyone who supports the Tea Party support Newt Gingrich, the recipient of a massive personal bailout through Freddie Mac money, with a straight face?

And what about Newt's lie that he was hired as a historian by Freddie Mac, and apparently paid $1.6 million, at least, by Freddie Mac, to tell Freddie executives that they stink, if one believes Newt's ridiculous story?

Can't the movement that produced Robert Taft, Barry Goldwater, William F. Buckley and Ronald Reagan do better than Donald Trump, Rick Perry, Herman Cain and Newt Gingrich?

From the Washington Post:
Newt Gingrich and Freddie Mac: Is he being misleading?

They published Newt's full letter where he attempts to explain his Freddie Mac paycheck:

(From Newt):In addition, Freddie Mac was interested in advice on how to reach out to more conservatives. The Gingrich Group stressed that Freddie Mac must be open to reform of their lending practices but that by stressing the historical success of public-private partnerships in achieving public goods at a minimum of taxpayer money and bureaucracy.

We think this statement actually buried the news in the last paragraph: “Freddie Mac was interested in advice on how to reach out to more conservatives.” While Gingrich takes great pains to stress he was never registered as a lobbyist, he clearly appears to have provided advice on how to influence the thinking of conservative members of Congress. Note also that the “historian” claim had been dropped.

And his point of contact at Freddie Mac was their chief lobbyist Mitchell Delk.

Indeed, Bloomberg News reported on Wednesday that Gingrich’s “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.” Delk told Bloomberg that he took one of Gingrich’s ideas and even pitched it to the George W. Bush White House.

“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,” Bloomberg also reported. (A Gingrich spokesman has disputed this.)

In any case, the Gingrich campaign’s statement, by focusing on the 2006 contract, conveniently left out the fact that Gingrich had been on a Freddie Mac retainer since 1999.

Newt Gingrich is a pseudo-conservative and a fraud. I'm still debating who is a worse liar, him or Herman Cain.

reply to post by Blackmarketeer

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Thats right, he was paid to prepare talking points he was paid to do exactly what he is saying and that is to provide pure consulting. Thats what consultants do. They draw from their experience and give advice

That's his claim, his deeds show otherwise. Freddie Mac paid him to shop those talking points (as he calls them) around to his colleagues on Capitol Hill. He was paid to influence policy. If it looks like a duck, quacks like a duck...

Tons More Bad News For Gingrich On Freddie Mac, Lobbying, And Healthcare

Sources inside the company told POLITICO that he was hired to advocate for the GSE model — or at least minimize Republican opposition. While he never registered as a lobbyist for the job, his work seems to indicate that it's only a semantic distinction.

Additionally, The Washington Post is reporting that Gingrich's think tank, "The Center for Health Transformation" brought in millions from the healthcare industry in exchange for access to Gingrich — and that it advocated for an individual mandate.

The Post reports that the mandate required that “anyone who earns more than $50,000 a year must purchase health insurance or post a bond.”

Gingrich was also a consultant for the Chamber of Commerce from 2001 to 2008 — bringing in about $120,000 a year, The Wall Street Journal reported today.

Taken together, these reports tarnish the anti-establishment image he has fought to show on the campaign trail — and that has captivated many in the Republican Party who are skeptical of Mitt Romney. And as Gingrich establishes himself in the top-tier, more of these stories are likely to come out.

Gingrich think tank collected millions from health-care industry

A think tank founded by GOP presidential candidate Newt Gingrich collected at least $37 million over the past eight years from major health-care companies and industry groups, offering special access to the former House speaker and other perks, according to records and interviews.

Where Gingrich's deceit becomes manifest is here: He was their highest paid "consultant" (using his words) from 2006 to 2008, helping with what Freddie Mac is now admitting, was their 'GSE Model', and Gingrich, who had already been on their payroll since 1999, was helping sell it to other republicans. Then the housing market exploded and the government had to take over Freddie Mac.

Gingrich was an unapologetic proponent of affordable housing via the GSE model that he was paid to promote. Then he goes into double-speak mode and claims he was only a paid historian (?).

Even his excuse rings like a big lie: He said, "And 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,” as I said to them at the time, this is a bubble."

Freddie Mac doesn't make loans, they back mortgages from companies hired by banks to make loans. Sounds like his excuse is a lie.

Newt Gingrich Running Scams Akin To ‘A Nigerian Prince E-Mail’
Barney Frank: Newt Gingrich Made Millions By Influencing Public Policy
Barney Frank Talking Trash: Newt Gingrich Is A ‘Lobbyist And A Liar’

I do understand why Mr. Gingrich is angry at me; it’s now clear. He was apparently getting 30,000 dollars a month from Freddie Mac for many years. I gather he first said as an historian, making him, as I said, the word’s highest paid historian in history. And it ended — I just learned this — in 2008. And it ended because of legislation that was enacted when I became chairman of the committee that put Fannie Mae and Freddie Mac into conservatorship.

Barney Frank and Newt Gingrich are birds of a feather. Only one of them however if running for president.

reply to post by Eurisko2012

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The American people want the unemployment rate reduced to 4%. We can't get there from here with the socialist Obama in the White House. They don't care if Newt was paid $1.6 million to lobby for Freddie Mac. You are going to have to do better than that.

LOL!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Yeah, while people lost their homes, they won't care that ol' newt was raking in the cash at the same time from the same entities that were putting them on the streets!

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