Gingrich’s Deep Ties to Fannie Mae and Freddie Mac.
In a showdown critical to the companies’ fortunes, Mr. Gingrich played an important behind-the-scenes role in helping block a proposal in 1995 that would have forced Fannie and Freddie — rather than taxpayers — to pay potentially billions of dollars in increased fees, according to interviews and press accounts at the time.
Yet another example of a certain brand of capitalism that asks companies to privatize their profits and socialize their losses.
In a showdown critical to the companies’ fortunes, Mr. Gingrich played an important behind-the-scenes role in helping block a proposal in 1995 that would have forced Fannie and Freddie — rather than taxpayers — to pay potentially billions of dollars in increased fees, according to interviews and press accounts at the time.
Yet another example of a certain brand of capitalism that asks companies to privatize their profits and socialize their losses.
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