Truth Squad: Did Bachmann prove Gingrich lobbied for Freddie Mac?
December 16th, 2011
06:00 AM ET
2 years ago

Truth Squad: Did Bachmann prove Gingrich lobbied for Freddie Mac?

(CNN) - During Thursday night's Republican candidates' debate in Sioux City, Iowa, a moderator asked U.S. Rep. Michele Bachmann to produce hard evidence that former House Speaker Newt Gingrich had peddled his influence with congressional Republicans on behalf of mortgage giant Freddie Mac.

Bachmann, who is among conservatives who say Freddie Mac and fellow federally backed mortgage group Fannie Mae had a role in the collapse of the U.S. housing market, has criticized Gingrich for his post-Congress work as a consultant for Freddie Mac and accused him of lobbying senior Republicans on Freddie Mac's behalf.

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Filed under: 2012 • Michele Bachmann • Newt Gingrich • Republicans
soundoff (3 Responses)
  1. Rudy NYC

    I think the Republican establishment knows that Gingrich was an unregistered lobbyist. The real problem is that if the Republicans know it, then it is highly likely that the Democrats know it, too. This raises the unsightly possibility of a major party's nominee for POTUS could be sitting in a criminal court or testifying before Congress on criminal charges. I suspect this is why so many of Newt's former colleagues in Congress and members of the conservative establishment are coming out and speaking against him.

    December 16, 2011 08:32 am at 8:32 am |
  2. Keith in Austin

    Seriously? Why attack Gingrich? Anyone with half a brain knows that the real culprits leading to America's housing collapse and current state of our Economy are DEMOCRATS namely, Chris Dodd and Barney Frank! They MANDATED that Banks MUST make mortgage loans to unqualified buyers so they could acquire the "American Dream" of Home Ownership without the ability to pay for it for votes! The Bush Administration strongly opposed the measure but due to a Liberal Democrat controlled Congress it passed. Ultimately, Banks were left with worthless paper and began selling mortgage-backed securities which led to the bubble bursting and currently, the worst economic disaster since the Great Depression! So now Liberals still want to play the BLAME GAME huh? The false, misguided hope of tax-and-spend BIG Government Liberalism is a root of evil in America! False promises of "something for nothing" to mis-informed people in return for their blind votes is what's truly killing our great Nation! Wake up America. It's not too late!

    December 16, 2011 09:10 am at 9:10 am |
  3. Larry L

    Call it what you will but it's influence peddling. The world is full of history professors and none of them get 1.6 million dollars for their view of the past. His record of leadership was full of unethical behavior and budget deficits (in spite of his other lies) so nobody would pay him for "strategic leadership" guidance. He was selling influence like every slimy lobbyist with government connections. A pig is still a pig...

    December 16, 2011 09:42 am at 9:42 am |