Gingrich’s Deep Ties to Fannie Mae and Freddie Mac
Mr. Gingrich has faced many questions recently about the more than $1.6 million in consulting fees he got from Freddie Mac since leaving Congress in 1999. But part of the relationship started years earlier, as records and interviews show that Mr. Gingrich, as House leader in the 1990s, aligned himself with Freddie and Fannie on a number of key issues — defending them in Congress against political attacks, joining with them on housing projects and seeing top aides go work for them.
While Mr. Gingrich has minimized his past connections to the two closely related companies on the campaign trail, his Congressional record shows that his political and financial ties to the firms run deeper and farther back than he has acknowledged publicly and, in fact, set the stage for the lucrative consulting work that followed.
Newt, Fannie and Freddie have been in bed together for a loooong time. Newt is relying on the public’s (or at least his fan base’s) seeming inability to recall anything about American politics prior to 2008. I am astounded that any sane person would even consider giving this man a shot at running our country.