Sloppy Hit Piece on Gingrich has Freddie Mac Execs Admit Conservatives Were Pushing Reform

by Political Arena Editor Chuck Norton

In what was an attempt to create a hit piece against Newt Gingrich, Freddie Mac execs have admitted that through the last decade it was “conservatives” who were pushing reforms to “dismantle” Fannie Mae and Freddie Mac before they could blow up the mortgage market and the banking system.

The next time Obama says that it was the Republicans who caused this, remind him of this article. This piece helps Republicans and makes a liar out of Obama far more than it hurts Newt.

So let us address what the anonymous Freddie Mac execs have to say about Newt.

Fannie Mae and Freddie Mac execs are almost all Democrat appointees. Newt has been blasting them in public since 2008 if not before, so under condition of anonymity what do you think they are going to tell a reporter?

Obama and the Democrats have protected Fannie/Freddie from serious reform, have been bailing them out for hundreds of billions and the Democrats, using language in the stimulus bill inserted by the Democrat leadership, made sure that Fannie/Freddie execs (as well as AIG execs) got their many millions of bonuses for running the mortgage industry into the ground.

So I ask you again what are they going to tell a reporter about the Republican front runner? If any Republican is elected their gravy train gets cut off.

Readers, does anyone honestly believe that people in the same position as Frank Raines, Jim Johnston, or Jaime Gorelick would ever say to a reporter, “Yup! Newt told us not to do what we were doing”?

Remember that Fannie/Freddie bought almost every lobbying and consulting firm in DC to prevent people from working against them. Fannie/Freddie  also spent $20o million in partisan donations with the vast majority going to Democrats.

Business Insider:

BUSTED: Newt Gingrich Lied About What He Did For Freddie Mac

In last week’s CNBC debate, newly-minted top-tier Republican presidential candidate Newt Gingrich claimed he was hired by Fannie Maeto be a “historian,” and claimed that pointed out flaws in their “insane” business model.

But an investigation by Bloomberg reveals that Gingrich was much more involved with the government-backed lender than he let on — and that he was hired to promote the company (and its business practices) to other conservatives.

Bloomberg reports:

“Former Freddie Mac officials familiar with the consulting work Gingrich was hired to perform for the company in 2006 tell a different story. They say the former House speaker was asked to build bridges to Capitol Hill Republicans and develop an argument on behalf of the company’s public-private structure that would resonate with conservatives seeking to dismantle it.”

While not technically lobbying, he worked directly for Mitchell Delk, Freddie Mac’s chief lobbyist, taking in at least $1.6 million from Freddie Mac from 1999 to 2008.

In the debate, Gingrich claimed he warned the company that it was causing a housing “bubble,” but Freddie Mac executives told Bloomberg he was never critical of its business model.

“Former Freddie Mac officials familiar with his work in 2006 say Gingrich was asked to build bridges to Capitol Hill Republicans and develop an argument on behalf of the company’s public-private structure that would resonate with conservatives seeking to dismantle it.”

His close ties to Freddie Mac are likely to be a liability in the Republican primary — where voters are deeply skeptical of the government-backed lenders, and furious that the public had to bail them out for their bad business practices.

In statement on his campaign website, Gingrich admits to helping the company reach out to conservatives — more than he said he did in the debate — but does not disclose how much he made from his consulting work:

“Freddie Mac was interested in advice on how to reach out to more conservatives. The Gingrich Group stressed that Freddie Mac must be open to reform of their lending practices but that by stressing the historical success of public-private partnerships in achieving public goods at a minimum of taxpayer money and bureaucracy.”

After Gingrich left Freddie Mac’s payroll, Bloomberg notes that he quickly turned into one of its most vocal critics, writing in his 2011 book “To Save America” that the companies “are so thoroughly politicized and preside over such irresponsible lending policies that they need to be replaced with smaller, private companies operating without government guarantees, whose leaders focus on making a profit, not manipulating politicians.”


Indiana 2008 Presidential Primary Election Fraud Probe Heats Up

[This scandal happened in my home town. The article mentions that the Democratic Machine here is much like Chicago and that is very true. Some business owners in downtown South Bend tell me that they vote GOP, but do not dare to put anything but Democrat signs in their windows or the city will exact revenge. The same goes for many road workers and police officers.  – Editor]

UPDATE – Charges Filed – LINK

Eric Shawn at Fox News [The link has video]:

Charity Rorie, a mother of four, sat in her Mishawaka, Ind., kitchen, stunned that her name appeared on a 2008 Democratic presidential primary petition for then-candidate Barack Obama.

“That’s not my signature,” she told Fox News, saying her signature is “absolutely” a fake. She also said she was troubled someone forged both her signature and that of her husband, Jeff, and listed personal details such as their address and birthdays.

“It’s scary,” Rorie said. “It’s shocking. It definitely is illegal. A lot of people have already lost faith in politics and the whole realm of politics, so that just solidifies all of our worries and concerns.”

Robert Hunter Jr. said his name was faked, too.

“I did not sign for Barack Obama,” he told Fox News, adding his signature supporting the then-Illinois senator’s effort to get on the primary ballot was also a forgery.

As he examined the Obama petition he held in his hands, Hunter pointed out that “I always put ‘Junior’ after my name, every time … there’s no ‘Junior’ there.” He said the signature on the petition looks “very close” to his real one, but it clearly is not.

“My wife and I actually signed a petition for Hillary Clinton,” he said. “I am an Obama fan, but not in the primaries I wasn’t.”

The prospect that theirs are two of an estimated 150 signatures that may have been forged on the petitions has raised the question of whether President Obama actually reached the legitimate number of signatures needed to be placed on the ballot in Indiana. Under state law, presidential candidates need to file 500 signatures from each of the state’s nine congressional districts. Indiana election officials say that in St. Joseph County, the Obama campaign qualified with 534 signatures; Clinton’s camp had 704. The certified signatures were never challenged.

“I had always thought that, now-President Obama, had earned his victory in Indiana,” said the state’s Republican chairman, Eric Holcomb. “But then I quickly learned that he had cheated his way on to the ballot in the primary.”

The allegations that election fraud touched a race for the highest office in the land are at the center of an investigation by St. Joseph County Attorney Michael Dvorak . He would not comment, but sources say the probe is gaining steam as prosecutors delve into the petitions that sailed through the St. Joseph County Voter Registration Board, located in South Bend. There have been reports that as many as seven people may have been involved in an alleged conspiracy to fake the petitions.

[Political Arena Editor’s Note – Dvorak has been a part of the Democratic Machine for a long time. A small clique in the Democratic Party plays musical chairs here in St. Joe County. A politician will be a city councilman, a member of the local administration, a state senator, back to the local administration etc. The same people just keep getting recycled into different local positions.]

“I was very surprised,” said the newly elected Democratic chairman of St. Joseph County, State Sen. John Broden. “This is a bipartisan issue that we need to take a look at … so I hope that this is something, that we as both parties, try to look at what exactly happened, and most importantly, how do we prevent it from happening again.”

Broden recently replaced long-serving Democratic Chairman Butch Morgan, who resigned suddenly in October under party pressure because of the scandal.

“There is no evidence that Butch Morgan ever personally directed, authorized or condoned the forging or alteration of petition signatures,” [Notice that is not a denial – Political Arena Editor] said his attorney, Shaw Friedman, who argued against the resignation. He said Morgan did “absolutely not” forge any signatures, or know who might have.

“This is a man who has worked mightily over the 20 years that he served as district chairman, to do so fairly, ethically, appropriately, and my concern was that he not leave under these circumstances,” Friedman told Fox News.

He called the alleged forgeries “a sloppy, amateurish effort, ordinarily that kind of thing would have been caught by the voter registration offices. I’m not quite sure here why it slipped through.”

St. Joseph County Board of Voter Registration worker Dustin Blythe has reportedly been identified as having handwriting that matches the writing on some of the suspect Obama petitions. The South Bend Tribune and the political newsletter Howey Politics Indiana hired a handwriting analyst who examined the documents and says Blythe’s writing can be found on “nine suspicious pages from the Obama petition,” according to the newspaper.

Blythe, 37, works at one of the desks in the Board office. When Fox News asked if he forged any signatures or faked any petitions, he repeatedly replied, “I don’t have anything to say.”

Blythe’s LinkedIn profile describes him as a “government employee” who is also an “independent contractor/volunteer at Indiana Democratic Party” and a St. Joseph County Democratic Party “volunteer.” His Facebook page includes a photograph of him taken with former Democratic presidential candidate John Edwards.

Blythe’s lawyer, Andre Gammage, has said that his client did not do anything wrong. He told Fox News that handwriting comparisons don’t mean anything.

“Handwriting is not the same as DNA, handwriting is not the same thing as fingerprints,” Gammage said.

Authorities would not comment about any aspect of the ongoing investigation, including any possible targets of the probe.