WC Varones

Don't lend your hand to raise no flag atop no ship of fools

Newt Gingrich took $300,000 bribe from Freddie Mac in 2006

Newt is neck-deep in the institutional corruption in Washington.
Former Freddie Mac officials familiar with the consulting work Gingrich was hired to perform for the company in 2006 tell a different story. They say the former House speaker was asked to build bridges to Capitol Hill Republicans and develop an argument on behalf of the company’s public-private structure that would resonate with conservatives seeking to dismantle it.

If Gingrich concluded that the company’s business model was at risk and that the housing market was a “bubble,” as he said during the debate, he didn’t share those concerns with Richard Syron, Freddie Mac’s chief executive officer at the time, a person familiar with the company’s internal discussions said.

Newt claims that they were paying him not for influence with Republicans, but for his opinion as a historian. Riiiiiiiiiight. How many third-rate professors who weren't politically connected did they cut $300,000 checks to?

It looks like it was an investment that paid off for the corrupt government-sponsored enterprise. The Republican-controlled House didn't pass GSE reform, and we all know how that worked out for the country. But hey, Newt had to pay for that half-million debt to Tiffany's somehow, right?

They're all whores, with the apparent exceptions of Ron Paul and Gary Johnson.

3 comments:

Doo Doo Econ said...

I guess you haven't seen the 1%'er salaries of university professors of late. http://www.collegiatetimes.com/databases/salaries/university-of-california-berkeley

Negocios Loucos said...

They are 2 branches of 1 party my friend. We are capitalistic communists, if I may. There is a supreme leader but we just aren't privy to who that is. Republicans and Democrats are just actors scripted to make it look like a democracy, but really this is one big progressive monster organization that will take the country down if it's money stream taxpayers don't get back to watching American Idol and playing with their iToys. Newt is just doing his part.

SarahB said...

We all know Newt is a dirty liar. It's just a damn shame he's making the other front runners look so stupid debate after debate. It's the 2010 CA Governor's race all over again. The only people in the world who could possibly lose to Barry are those on the ticket.

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