“I’m on the way to a Gingrich press conference”
Newt Gingrich made between $1.6 million and $1.8 million in consulting fees from two contracts with mortgage company Freddie Mac, according to two people familiar with the arrangement.
The total amount is significantly larger than the $300,000 payment from Freddie Mac that Gingrich was asked about during a Republican presidential debate on Nov. 9 sponsored by CNBC, and more than was disclosed in the middle of congressional investigations into the housing industry collapse.
Gingrich’s business relationship with Freddie Mac spanned a period of eight years…
Gingrich said this morning that the payments were for “strategic advice over a long period of time.” His fees were sent to his consulting firm, The Gingrich Group, not to him personally…
Gingrich’s first contract with the mortgage lender was in 1999, five months after he resigned from Congress and as House speaker…His primary contact inside the organization was Mitchell Delk, Freddie Mac’s chief lobbyist, and he was paid a self- renewing, monthly retainer of $25,000 to $30,000 between May 1999 until 2002, according to three people familiar with aspects of the business agreement.
During that period, Gingrich consulted with Freddie Mac executives on a program to expand home ownership, an idea Delk said he pitched to President George W. Bush’s White House.
A reflection of the cesspool that is Congressional ethics.
Dallas: you said “gayer than a fruit dip in a rainbow.” //// Thats funny and clever. or is it? A well worn phrase in the gay community? New to me, made me laugh. but why is fruit dip gay? Why are rainbows gay? I am straight==are you trying to take away a little bit of happiness from my world?
I have no gaydar. I can tell when some male is being effeminate but that doesn’t mean they are gay. Everything an interactive continuum. Any appreciation at all for the complexity of human nature/sexuality would encourage us all to mind our own business. And who the fuck cares anyway? The measure of a man is not what he rams his dick into at night, but rather what he is thinking during the day. I think Emerson said something quotable quite close to that.
Yea, verily.xxxxxxxHah, hah. I been sensitized. That sounds gay to me now.
Yes, its true.
You’re over parsing. I’ll think of something else
bobbo said: “The measure of a man is not what he rams his dick into at night … Emerson said something quotable quite close to that.”
I dunno, Bobbette. Emerson DID say, “One definition of man is an intelligence served by organs.”
The government is handing out hundreds of millions or billions in ‘loans’ or ‘stimulus’ or ‘subsidies’ or ‘tax credits’. Of course lobbyists are going to be buying influence.
#72–Animby==how very gay of you to correct me once again. You are responsible for any harm that comes to Pedro’s Donkey. I pity that poor beast. You figure out how many legs I’m talking about.
What an encyclopedic memory for the disgusting you have Animby. I was thinking of “A man is what he thinks about all day long.” by Ralphie boy.
The seal reference was perfect btw. I used to be asked how I could kill women and children and my answer was “Well, you just line up the cross hairs.”===Always a crowd pleaser.
Not so encyclopedic. I’d just been rereading some Ralph Waldo. Another week it would probably have gone from my feeble mind.
Everything looks tasty through a rifle scope.
“Consulting Fees” is a way around laws that prevent politicians from lobbying for firms they formerly regulated. Essentially, Newt’s job was to advise lobbyists at FMAC on how to grease palms, influence congressmen, and give them insight on the inner workings of congress.