Please check up on how much money we are talking about here. Raines got some 9M for helping run the entity into the ground. Gorelick got a potful also. Newt got approximately 17,000 a year for telling them to watch what they were doing. They were on a precipice. Large difference, I think.
What is Newt’s baggage? Might have lobbied. Denies it. But, might have lobbied for Fannie Mae or Freddie Mac, one of the two.
He did take some money from them.
Gave them advice.
Received a little over a million dollars.
Doesn’t compare to the $90 million that Franklin Raines took out of there.
It doesn’t compare to $26 million that Jamie Gorelick, an approved Democrat, like Franklin Raines, took out of there.
It doesn’t compare to the $24 million that Jim Johnson took out of there.
AND, I would even bet that if you found an accountant somewhere and added up all the total actual dollars, year after year … and the current year as well … that those wonderful Fannie and Freddie executives made a lot more in bonuses than that.
AND those guys and gal signed sworn certifications that all of the Fannie and Freddie finances were on the up and up.
And who knows how many other Democrats have gone over to Fannie Mae and Freddie Mac and scored big time.
No, no, no, we are going to focus on Newt and his one million, he’s got some 'splaining to do, but none of these other Democrats did.
Up until now, Fannie Mae’s been wonderful. Any effort to stop them, any effort to balance them, any effort to make them behave responsibly was looked upon as an assault on the concept of affordable housing.
Any attempt to regulate Fannie Mae and Freddie Mac, any attempt to bring them in line and make them behave in a standard, common-sense business way was looked at as an assault on the poor.
And the left did everything they could with their media to stand up and defend Fannie Mae and Freddie Mac as great institutions helping the poor, the great unwashed. Now all of a sudden Fannie Mae and Freddie Mac are toxic, worthless scum because they paid Newt Gingrich a million dollars.