Transcript for Gingrich Took Money From Freddie Mac?
Your voice your vote and the latest Republican front runner to face questions in the spotlight former house speaker Newt Gingrich. Who has been surging to the front of the pack. -- had to answer for... See More
Your voice your vote and the latest Republican front runner to face questions in the spotlight former house speaker Newt Gingrich. Who has been surging to the front of the pack. -- had to answer for taking money from housing giant Freddie Mac which ended up requiring billions in taxpayer bailout. Here's ABC's Jon Karl. Government backed mortgage company Freddie Mac was at the center of the financial crisis receiving more bailout money by far in. Any of the bank's. And today we learned in the years leading up to the financial crisis. Freddie Mac paid Newt Gingrich nearly two million dollars pleaded no lobbying of any time period. -- -- offers advice as an historian. Sounds like a lot more than -- story. Welcome to the speaker of the house and strategic advisor I was approach offers strategic advice let for strategic advice. Gingrich has also been glad to slam Freddie Mac on numerous occasions. Blaming it for making too many -- won't leading to the housing bubble which almost quit the economy. -- last election Gingrich hammered Barack Obama for taking campaign contributions from people who worked at Freddie Mac. And in a recent debate he went further -- -- saying that prominent Democrats should be. Jailed for their ties to Freddie Mac if you want to put people in jail on a second what Michelle said he ought to start -- Barney Frank and Chris Dodd. So why Frank's case go back and look at the lobbyists is close to -- -- -- Freddie Mac Gingrich has worked for Freddie Mac drew a harsh attack today from one of his rivals he took money. -- also influence senior Republicans. To be favorable -- Fannie and Freddie. Gingrich was on Freddie -- payroll for eight years beginning in 1999. Leaves and tried to warn them they were making too many risky loan was as I said -- at the time this is a bubble this is insane. This is impossible but sources familiar with Gingrich -- worked for Freddie Mac say they don't recall him ever saying anything like that. They say he was hired for one reason and one reason only his political influence.
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