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Gingrich's Ties To Fannie, Freddie Go Even Deeper
Earlier today we reported that Newt Gingrich had recently been on Fox denouncing Democatic lawmakers for ties to Fannie Mae and Freddie Mac -- despite himself having worked as a consultant for Freddie back in 2006, helping to fight off potential regulation.
But it turns out that the Newt-Freddie relationship goes even deeper.
A July 1999 story in the American Banker, a banking trade publication (via Nexis), reports that the former House Speaker had recently been hired by Freddie "to provide strategic counsel on a range of issues," according to a company spokesman.
The same story adds that Gingrich's former chief of staff, Arne Christenson, was hired that year by Fannie Mae as senior vice president for regulatory policy.
Just to remind you, Gingrich is the guy who was saying in September:
what you have today is that the rich in Wall Street and the powerful at Fannie Mae and Freddie Mac had so many politicians beholden to them that, in fact, nobody was going to check them. And so they got away with things that were absolute bologna, and it's a tragedy.
Josh
Zachary
Why is this so unsurpiring?
It is impossible, even considering the current density of lamebrained GOP machinations, to imagine Gingrich with anything like a future in politics. Ten years ago, Republicans finally got fed up with his two-faced, hypocritical "leadership" style and dumped him from the Speaker's post. And that was that. Shills for permanently rooted interests forever seeking thoroughly corrupt, empty operatives-for-hire will frigidly yap that Gingrich is a contender. There are even "feelers" for a Presidential run in 2012, just as there were for this year's election. But his feelers find nothing to tickle, and his forays always run out of steam. Somehow, voters and potential supporters manage to remember stories about Gingrich's marital unfaithfulness (while he was Lewinsky Affair inquisitor general) and flaky judgment (remember the snit-fit Clinton shakedown?). If all else fails, his skanky money deals will waft up, disgusting and apalling all.
December 8, 2008 3:06 PM | Reply | Permalink
Uh. Actually, it's more "unsurprising" than "unsurpiring". ...I had a proofreader, but she... surpired.
December 8, 2008 4:08 PM | Reply | Permalink
Newt talking about lobbyists is just the usual mighty wind bleating out of his adulterous voice box.
Does Gingrich really believe he has not been a lobbyist since he left Congress? HE IS THE PROBLEM!!!
But with him and Palin still feeding off the dead carcass that is the present day Republican party, it makes for a nice reminder to all of what that ilk has been, and wants to be again.
Bleat on, Newt.
December 8, 2008 3:55 PM | Reply | Permalink
Please put him in charge of the RNC and have him run for president. He's a bundle of contradictions wrapped in idiocy.
The greatest part is republicans consider Newt a man of great vision and ideas.
December 8, 2008 4:38 PM | Reply | Permalink