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Frank and Gingrich keep sparring over who’s to blame for the subprime mortgage crisis
Boston Globe ^ | Nov 16, 2011 | Alex Katz

Posted on 11/17/2011 6:08:46 PM PST by bkopto

A war of words between US Representative Barney Frank and Republican presidential candidate Newt Gingrich reached new heights today after a report that the former Speaker of the House earned at least $1.5 million in consulting fees from mortgage giant Freddie Mac.

It all started in October, when Gingrich during a GOP debate suggested that Frank should be imprisoned for his role in the subprime mortgage crisis. “If you want to put people in jail ... you ought to start with Barney Frank and Chris Dodd,” he said, referring to the Newton Democrat and the US senator from Connecticut. Then, following a report by Bloomberg News about Gingrich’s consulting fees from the mortgage agency, Frank today denounced Gingrich as “fundamentally intellectually dishonest.”

“He’s a man with no ethical core whatsoever,” Frank said of Gingrich in an interview with the Globe. “There are a number of conservatives whom I respect … Newt’s just never had any principles, so no I’m not surprised about this at all.”

(Excerpt) Read more at boston.com ...


TOPICS: Front Page News; Politics/Elections
KEYWORDS: frank; gingrich
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To: Minn; All
Newt's personal lack of any ethical or moral core undermines any intellectual argument he may be making.

I see.

And exactly what did Newt tell Fannie and Freddie as a paid consultant, and did they follow it.

51 posted on 11/18/2011 5:46:22 AM PST by ROCKLOBSTER ( Celebrate Republicans Freed the Slaves Month.)
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To: bkopto

“If you want to put people in jail ... you ought to start with Barney Frank and Chris Dodd,”....

And what’s the problem with that statement?


52 posted on 11/18/2011 7:11:09 AM PST by AngelesCrestHighway
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To: ROCKLOBSTER

“Consulting” fees to pols like Gingrich and Al Gore are nothing more than bribes and back scratching. Corruption, plain and simple. What are Newts qualifications in the home loan and finance business again?


53 posted on 11/18/2011 9:01:08 AM PST by Minn (Here is a realistic picture of the prophet: ----> ([: {()
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To: Minn
What are Newts qualifications in the home loan and finance business again?

Well, I'm not sure but, didn't he balance the federal budget for the first time in 30 years?

Now, you answer my question. What did he tell Freddie and Fannie? Did they follow his advice?

54 posted on 11/18/2011 4:37:10 PM PST by ROCKLOBSTER ( Celebrate Republicans Freed the Slaves Month.)
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To: ROCKLOBSTER
Well, I'm not sure but, didn't he balance the federal budget for the first time in 30 years?

Which has zero to do with the mortgage business.

Now, you answer my question. What did he tell Freddie and Fannie? Did they follow his advice?

He's been asked the same question, on Gretta last night, and mumbled some BS about strategic advice. They followed his advice the same way Apple followed Al Gore's "advice". You are seriously naive if you believe there was ever any advice. It wasn't advice they were buying, it was influence. It was a corrupt arrangement, where an illegitimate organization - miles in debt to tax payers - directed some of that stolen money to Newt in a quid pro quo, for his potential or real help with stealing more.

55 posted on 11/18/2011 6:20:27 PM PST by Minn (Here is a realistic picture of the prophet: ----> ([: {()
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To: Minn
Which has zero to do with the mortgage business.

Which is exactly how much Freddie has to do with the mortgage "business". It's a "public/private partnership" which has done everything it could to destroy the mortgage business.

You are seriously naive if you believe there was ever any advice. It wasn't advice they were buying, it was influence. It was a corrupt arrangement, where an illegitimate organization - miles in debt to tax payers -blah, blah, blah...

I see.

So in other words, you don't know.

56 posted on 11/18/2011 8:04:14 PM PST by ROCKLOBSTER ( Celebrate Republicans Freed the Slaves Month.)
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To: ROCKLOBSTER
So in other words, you don't know.

Gretta gave him every chance to explain what that money was for. He declined. Instead he engaging in euphemism, obfuscation, and claimed memory loss. So what is a rational person to conclude? If you want to bitterly cling to the belief that there is nothing corrupt about the arrangement, the turnip truck you fell off of can't be far away, Gomer.

57 posted on 11/18/2011 9:38:26 PM PST by Minn (Here is a realistic picture of the prophet: ----> ([: {()
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To: ROCKLOBSTER
It's a "public/private partnership" which has done everything it could to destroy the mortgage business.

But Newt embracing and furthering the intentionally destructive enterprise, while pocketing a huge sum for himself doesn't bother you. Something compels you to defend corrupt entanglement with of an institution you yourself condemn. Cognitive dissonance much?

58 posted on 11/18/2011 9:55:54 PM PST by Minn (Here is a realistic picture of the prophet: ----> ([: {()
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To: Minn

Actually I only asked a question.

Project much?


59 posted on 11/19/2011 2:32:33 PM PST by ROCKLOBSTER ( Celebrate Republicans Freed the Slaves Month.)
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