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It’s my understanding that he ran a Consulting Business. A consulting business offers advise when consulted about certain issues. I’m a preacher. If Freddie & Fannie called me, and offered to pay me for some business advise, I would be more than happy to offer it. I suspect anyone in the country would do the same. People still have a right to operate a business and get paid for it in this country, despite the liberal philosophy of wanting to deny people that right to pursue life, liberty, and happiness. Thousands of people receive tax payers dollars for services rendered to government agencies. Only when those services are rendered illegal in some fashion are they deemed criminal. Folk need to also keep in mind that Newt’s business with Freddie and Fannie were supposedly 1 year prior to the mortgage crisis and only 10% of Freddie & Fannie loans were to unqualified borrowers which caused this collapse. If your’re looking for someone to blame, how about Barney Frank & Maxine Waters who are both elected government representatives. Newt was not an elected official at the times of his Freddie & Fannied business transactions.

There you go again. I have already agreed with you that the Grinch has every right to make money.

However, since he was paid with Tax Payer dollars, I want to know
exactly what his consulting was about. I want to know how much he billed per hour. I want to know who his checks were made payable to.

I also want to know more about Ron Pauls newsletters and I want to see Romney’s emails concerning his Mass Health Insurance.

Better to get the details out now, than to have the rats drop the Freddie Mac bomb, if he becomes the nominee. Why are u so afraid to know the specific details of his consulting work?

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I wouldn't bother arguing with Gingrich-haters. They are useful-idiots for Obama.

EVERY SINGLE time this subject gets repeated in the news, on blogs, or here at FR, and whether or not Gingrich is mentioned in the article, the REAL REASON for the story is to link Newt to Freddie/Fannie, and destroy him as a candidate in the "court of public opinion".

The MSM has decided the GOP nominee may ONLY be Romney.

Even Michele Bachmann should be a bit ashamed of herself for her recent bad-mouthed Newt over Fannie/Freddie. She KNEW better.

She knew that Gingrich slammed Fannie/Freddie for mismanagement in 2008, weeks before the financial meltdown that Fannie/Freddie largely caused. She knew this because she stood on the same stage, and she introduced him!

The MSM's slime machine is currently targeting Newt Gingrich, because Obama is afraid of him,
(and they want Romney to win the GOP nomination).

And Obama's method of attack is to now, finally, to use the S.E.C. to 'destroy' the leaders of Freddie/Fannie (in the press)
but primarily use THAT to destroy Gingrich in the 'court of public opinion' for his connection to them.

It has been YEARS that Freddie/Fannie have been known to be corrupt.
And Gingrich was pointing out HOW CORRUPT they were, even in 2008.

Here is a transcript of Newt saying on CSPAN, how horrible Freddie and Fannie were managed
and they should be dismantled...

"Governing & Political Change" held in St. Paul Minnesota, September 3, 2008

Bachmann: The question is on Fannie Mae and Freddie Mac and the outrage and will it go private?
or where are Fannie Mae and Feddie Mac going to go?


Gingrich: Well, I think this is one of the great tests of reform- 
of a populist reform conservatism. 

There is ZERO reasons to bail out these two institutions.

They have violated the fundamental principle of why they were created.

And I did a fair amount of-...  Let me be right up front... 
I did a fair amount of work with Freddie Mac, looking at it, consulting it,
but not at a fiduciary level, but at a general public policy level.

I am appalled at the degree of management irresponsibility 
that both places have had, and I think they should be treated 
precisely like a private sector institution, 

And the stockholders, and the senior management should fundamentally 
have to bear the brunt...
I don't think you want to let them go broke, because they're enormous, 
and that has a BIG second and third order consequence on the system. 

But I think what you want to say, is as a consequence of their survival, 
they should be broken up, they should go thru the equivalent of a receivership, 
and everybody who was profiting from them should pay the cost of having failed. 


And the general taxpayer should NOT bear that burden. 
and I think that could be handled totally different.

But there is ZERO reason, now that they've failed... 
I was perfectly happy to to not PUSH the issue, as long as they weren't failing, 
but NOW that they've clearly failed their fiduciary responsibility, 
there is zero reason for the average taxpayer to bail out these institutions.

And their senior managements have been DISGRACEFUL in the mismanagement, 
particularly I think,  of Fannie Mae which had huge, huge, internal problems 
in terms of accounting, in a way you can't quite understand,,, 

How could people run an institution THAT badly?

To: Michele Bachmann

I like you. I like you a lot.

But you have been a U.S. Representative in Congress, representing a small portion of Minnesota, for less than five years, since January 2007.

That's still a little light on experience for running for President. But you're still young and you could be a stronger candidate in the future. Please keep up your good work!!

In 2008, you were apparently friends with Newt Gingrich, and you apparently invited him onto that same stage with you in Saint Paul. And you appeared to beam, and smile in approval as Newt blasted Fannie and Freddie.

So PLEASE tone down your current rhetoric against Newt, and please do not forget Romney is an abortionist, and an ObamneyCare and Gay Marriage advocate.

"We" who support Tea Party principles MIGHT want you on Newt's ticket for VP. And then, after eight years in Newt's administration, you could be ready to take over the reins, and continue after Newt demolishes and reverses this incredible Obama nightmare.

( Gingrich-haters, please do not address or reply to me.)