“I’m on the way to a Gingrich press conference”
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 sponsored by CNBC, and more than was disclosed in the middle of congressional investigations into the housing industry collapse.
Gingrich’s business relationship with Freddie Mac spanned a period of eight years…
Gingrich said this morning that the payments were for “strategic advice over a long period of time.” His fees were sent to his consulting firm, The Gingrich Group, not to him personally…
Gingrich’s first contract with the mortgage lender was in 1999, five months after he resigned from Congress and as House speaker…His 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.
During that period, Gingrich consulted with Freddie Mac executives on a program to expand home ownership, an idea Delk said he pitched to President George W. Bush’s White House.
A reflection of the cesspool that is Congressional ethics.
Gingrich was bribed. Republicans were looking to rein in Fannie and Freddie, so they started buying up some Republicans to keep the gravy train rolling. It was a cheap way to preserve the hundreds of millions they were getting.
Glenn E. said: “I really can’t see the US ever having a President Newt”
You know his name is really Newton, right? And just like the fig newton, he’s puffy and soft and tasty … and sticks in the teeth.
bobbo said: “How come you don’t post every time I do?”
Not enough time in the day…
Dumbbo said that? Boy, that’s gay
Obama received almost a million in campaign funds…notice how the officers make millions in bonus’ now and Obama doesn’t say a word…nor Pelosi…as they get rich with insider trading.
Clearly the DemoRepublican party is corrupt…its time for a Tea Party clean sweep.
The Tea Party keeps putting up Chuckles the Clown as candidates. Most of the Presidential candidates are just auditioning for Fox news.
(5 points to the contestant who can identify the reference. Keep your fingers off the Google.)
Maybe that’s why the White House approved those bonuses.
What a moronic Editor, believing his team is better than the other.
He must have thought; “gee, I got a two’fer here: I smudge the repuke & take away the attention from the bonuses”
Ha!
#2–Pedro==everything is gay to you, for you, on you===all the prepositions. I wonder what that means?
You see Pedobear–Animby wasn’t being friendly gay at all. He was mocking me for being wrong all the time. I’m sure you caught that but couldn’t resist continuing your gay theme. Confused number 2′s are like that.
Who else can we mindlessly hate?
We all got that. It’s not Animby that’s gay, it’s you seeking his attention.
I think you rather stick to Dallas.
.. couldn’t resist continuing gay theme
My gaydar says Pedro is gayer than a fruit dip in a rainbow.
Is the same accurate radar that tells you Obama is doing a heck of a job.
If that’s the radar you’re basing your life with, is time for a serious rethinking of your life.
You are SO sensitive!
When are we gonna hang out?
What does this gaydar say about Obama, the one with no known girlfriends, except for the one in Dreams From My Father, who was identical in description to the known girlfriend of ghostwrite William Ayers, including living on a large estate with a lake in the middle?
What a delightful double standard. We crucify politicians for being obnoxious horndogs, but if they aren’t, they must be gay or something.
The double standard is running story after story of a woman giving a press conference about Herman Cain, with her lawyer making jokes about it, while ignoring the press conference given at the National Press Club about candidate Obama. The rumors are there. There is no evidence of a girlfriend, except the one added by his ghostwriter. This is the bigger issue. Do you believe that Obama had a girlfriend who lived on a country estate with a lake in the middle, that the similarity to William Ayers’ girlfriend with the country estate with a lake in the middle is just a coincidence?
I think the number and variety and sex of Obama’s dates is the least of our problems.
I also think he must be pretty squeaky clean if in all the digging people have been doing for 5 years is some unverified rumor mongering bs.
What, the secret muslim Kenyan thing isnt panning out for you?
Bobbo, thanks for saving me the effort of a reply.
In any case, almost in the famous words of the Bard: Methinks he doth protest too much.
Newt is just as big of a pig as the one in the picture.
Seems to me the real story is total US debt has increased by 41.5%, or $4.4 trillion, from $10,626,877,048,913 on January 20, to $15,033,607,255,920, under Obama as president. Heckuva job, Barry.
http://zerohedge.com/news/its-official-total-us-debt-passes-15-trillion
If that was the “real story” then Republicans shouldn’t be irrationally protecting the “temporary” Bush tax cuts and our wasteful and inflated military spending.
Deficits only matter when a Democrat is in office.
According to the conservative story creator (Fox “News”) the real stories are Solyndra, Fast and Furious, and the terrorist occupiers.
But then again, this is the same propaganda tool that said Kagan’s recusal from SCOTUS hearing the ACA case may be required by U.S. Constitution, Article 28, Sec. 144
Newt is simply the flavor of the day. He’s the brightest of the bunch save for Huntsman, which really isn’t saying much, but he’s got so much baggage he’ll never draw moderate voters in sufficient numbers.
So are you saying that those are not news?
A sad little hobbit trying to keep his belief that his team is good and the only evil is the other one
Yeah Pedro, it’s binary. All or nothing, black or white. The conservative mindset at its default.
“Mindset” may be giving them too much credit.
You have both done nothing to prove me wrong. On the contrary, everything you do is to protect your beloved team.
When I see a change in your behavior I might reconsider. In the meantime, you should get out of the shire more often, lil’ hobbit
Prove what wrong, you fool? You made no assertions, stated no facts, offered no opinions. And you think you’re right, about what?
Oh, we’ve been scolded by the troll!
Isn’t this blog supposed to contain curious, overlooked stories? I can browse to any corporatemedia.com site and read this story.
It depends on the Eiditor that publish the story. The one that publishes this kind of crap has the mind of a fruit fly; seems to echo places like the daily kook over & over.
This blog uniquely allows comments that sharply discusses the topic. This is unlike the sheeple sites you visit that tells what you want to hear and like a church, not permitted to ask pointed questions.
It’s also amusing and entertaining to see other sheeple, like Pedro, contribute useless comments pretending to be on topic.
Hahahahaha. The self-important sheeple hath spoken.
Why don’t you just shut up!
1 point 6 million over 8 years?
Dat ain’t even lunch money for the execs runnin dose places.
I got two words fer ya: Big Deal.
This PORKER ***STILL HAS HIS HEAD IN THE TROUGH!!!***
Time to send this SWINE TO THE SLAUGHTERHOUSE !!!
Him and those who the execs that payed him.
Whut?
You’re right, I jumped the gun. Let me finish that for ya:
Him and those who allowed the bonuses paid to the execs that payed him.
Happy, pappy?
Dallas: you said “gayer than a fruit dip in a rainbow.” //// Thats funny and clever. or is it? A well worn phrase in the gay community? New to me, made me laugh. but why is fruit dip gay? Why are rainbows gay? I am straight==are you trying to take away a little bit of happiness from my world?
I have no gaydar. I can tell when some male is being effeminate but that doesn’t mean they are gay. Everything an interactive continuum. Any appreciation at all for the complexity of human nature/sexuality would encourage us all to mind our own business. And who the fuck cares anyway? The measure of a man is not what he rams his dick into at night, but rather what he is thinking during the day. I think Emerson said something quotable quite close to that.
Yea, verily.xxxxxxxHah, hah. I been sensitized. That sounds gay to me now.
Yes, its true.
You’re over parsing. I’ll think of something else
bobbo said: “The measure of a man is not what he rams his dick into at night … Emerson said something quotable quite close to that.”
I dunno, Bobbette. Emerson DID say, “One definition of man is an intelligence served by organs.”
The government is handing out hundreds of millions or billions in ‘loans’ or ‘stimulus’ or ‘subsidies’ or ‘tax credits’. Of course lobbyists are going to be buying influence.
#72–Animby==how very gay of you to correct me once again. You are responsible for any harm that comes to Pedro’s Donkey. I pity that poor beast. You figure out how many legs I’m talking about.
What an encyclopedic memory for the disgusting you have Animby. I was thinking of “A man is what he thinks about all day long.” by Ralphie boy.
The seal reference was perfect btw. I used to be asked how I could kill women and children and my answer was “Well, you just line up the cross hairs.”===Always a crowd pleaser.
Not so encyclopedic. I’d just been rereading some Ralph Waldo. Another week it would probably have gone from my feeble mind.
Everything looks tasty through a rifle scope.
“Consulting Fees” is a way around laws that prevent politicians from lobbying for firms they formerly regulated. Essentially, Newt’s job was to advise lobbyists at FMAC on how to grease palms, influence congressmen, and give them insight on the inner workings of congress.