Freddie Mac ‘Historian’ Newt Foresaw Housing Collapse But Didn’t Warn Anyone | Talking Points Memo

Newt Gingrich made some pretty bold claims at last week’s Republican debate when asked about a $300,000 consulting gig he took with Freddie Mac in 2006. First off, he said, he was merely there as an “historian.” Second, he warned them that the subprime mortgage market was about to set off a financial collapse. Neither of those are true, according to former Freddie Mac officials.

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