Tag Archives: housing crisis

Over Before it Began?

Old Dog, Old Tricks

Here we go again.  Newt Gingrich received $1.6 million from Freddie Mac (the Federal Home Loan Mortgage Corp.) for services as, per Newt, historian.  He denies ever lobbying for the group.  Per Freddie Mac, he was to “build Republican support in the House of Representatives”.  Sounds like lobbying to me.

In New Hampshire last month, Newt said, “Democrats with ties to Freddie Mac should be thrown in jail!” – lucky for Newt he’s a Republican.

Once again, what Republicans seem to conveniently forget is that they were in charge; responsible for Freddie and Fannie at the time of the collapse. Yet somehow, magically, it was the Democrats’ fault.

– L. Morales
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