Gingrich's Freddie Mac Contradictions Just Got Worse

By:  Thomas R. Eddlem
12/02/2011
       
Gingrich's Freddie Mac Contradictions Just Got Worse

When Newt Gingrich was asked in the November 9 CNBC presidential debate what he did to earn $300,000 from mortgage giant Freddie Mac, Gingrich claimed: "I said to them at the time, this is a bubble. This is insane. This is impossible." But the Wall Street Journal reported December 1 that Gingrich had not only praised the Freddie Mac model in a 2007 interview on the mortgage giant's website but said that "these are results I think conservatives should embrace and want to extend as widely as possible."

The interview with Gingrich is no longer available on the Freddie Mac website, but it is available on several Internet archive websites that capture what websites used to post.

The Wall Street Journal story noted that "The interview was published by Freddie Mac as part of a regular campaign to educate the public — and Washington — about its brand." And by "educate the public," the Wall Street Journal meant promote the continuance of its policy of accelerating the housing bubble.

In the April 24, 2007 interview with Gingrich, the former House Speaker had the following praise for Freddie Mac and the whole GSE (Government-Sponsored Enterprise) concept:

When Newt Gingrich was asked in the November 9 CNBC presidential debate what he did to earn $300,000 from mortgage giant Freddie Mac, Gingrich claimed: "I said to them at the time, this is a bubble. This is insane. This is impossible." But the Wall Street Journal reported December 1 that Gingrich had not only praised the Freddie Mac model in a 2007 interview on the mortgage giant's website but said that "these are results I think conservatives should embrace and want to extend as widely as possible."

The interview with Gingrich is no longer available on the Freddie Mac website, but it is available on several Internet archive websites that capture what websites used to post.

The Wall Street Journal story noted that "The interview was published by Freddie Mac as part of a regular campaign to educate the public — and Washington — about its brand." And by "educate the public," the Wall Street Journal meant promote the continuance of its policy of accelerating the housing bubble.

In the April 24, 2007 interview with Gingrich, the former House Speaker had the following praise for Freddie Mac and the whole GSE (Government-Sponsored Enterprise) concept:

Click here to read the entire article.

Photo of Newt Gingrich: AP Images

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