Is Newt “Freddie’s boy”?

“Republican presidential contender Newt Gingrich has been one of the most influential conservative voices advocating the use of home ownership efforts to alleviate poverty,” Huff Post reports. “Although his work as a highly lucrative consultant for Freddie Mac may have been more political pomp than policy circumstance, Gingrich’s political clout was part of the mortgage giant’s push to grant bipartisan legitimacy to its epic housing gamble.

“The former House speaker’s long record of pushing to expand home ownership casts significant doubt on his recent claim that he encouraged Freddie Mac to change its policies during the Bush era, when the mortgage giant shelled out roughly $30,000 a month for Gingrich’s work.

“R.C. Hammond, a spokesman for the Gingrich campaign, confirmed the paycheck amount to HuffPost, but said the money went to Gingrich’s consulting firm, The Gingrich Group. ‘To say he was paid personally is inaccurate,’ Hammond said. He went on to say that Freddie Mac paid the firm for ‘strategic advice on a wide variety of issues,’ including dealing with the cost of employees’ health care. ‘He wasn’t brought in to help them with their lending practices,’ Hammond said.”

The rest of the article is here.

Author: jeffpelline

Jeff Pelline is a veteran editor and award-winning journalist - in print and online. He is publisher of Sierra FoodWineArt magazine and its website Jeff covered business and technology for The San Francisco Chronicle for years, was a founding editor and Editor of CNET News, and was Editor of The Union, a 145-year-old newspaper in Grass Valley. Jeff has a bachelor's degree from UC Berkeley and a master's from Northwestern University. His hobbies include sailing and trout fishing.

3 thoughts on “Is Newt “Freddie’s boy”?”

  1. I could not help posting this from the Town Talk Live Blog at The Union..

    “Comment From WolfMtn
    Newt is the bulldawg the Republicans need, but the rinos want Romney & blue dawgs too… we have no right(journalist/op-ed too) to insinuate that it was nasty for Newt to have an affair, while wife loses to cancer… maybe they both decided in their darkest hours what was best for them. There are women out here that if terminal illness ruins the dream, they are glory bound…maybe just maybe she urged him to live on…laugh when you can…love if you need it…instead of assuming lust was the issue, maybe we should stop to think what it would be like if we were there, many are and many women love their husbands enough to let go…we don;t know…we weren’t there. Yup…we need a bulldawg who doesn’t give a flip about political correctness…I like that and I’m voting for him…”

    I wonder if the writer understands that Newt’s first wife did not lose here life to cancer?

    Maybe just maybe she urged him to live on?

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