Newt on Freddie and Fannie in 2008

Weigel
Reporting on Politics and Policy.
Dec. 12 2011 9:38 AM

Newt on Freddie and Fannie in 2008

Video archivist Andy Kaczynski digs up a 2008 Q&A session with Newt Gingrich hosted by a current campaign rival, Michele Bachmann. The session was on September 3, 2008, five days before the government would seize full control of the GSEs, but months into revelations about how it was being mismanaged.

Advertisement

It's a short answer, but it's interesting that Gingrich says he advised Freddie Mac on "policy," not "fiduciary" issues, and that he criticizes management. This isn't an existential criticism of the GSEs, or prescription for what they can do next. It's an incompetence dodge.

David Weigel is a reporter for Bloomberg Politics

  Slate Plus
Working
Nov. 27 2014 12:31 PM Slate’s Working Podcast: Episode 11 Transcript Read what David Plotz asked a helicopter paramedic about his workday.