Main | Thursday, November 17, 2011

The World's Most Expensive Historian

In one of the most snort-worthy lies ever vomited up by the GOP, Newt Gingrich is claiming that he was paid $1.6M by Freddie Mac to act as a historian. And not to peddle his influence as a lobbyist.
I offered advice. My advice as an historian when they walked in and said we are now making loans to people that have no credit history and have no record of paying back anything but that’s what the government wants us to do. I said at the time, this is a bubble. This is insane. This is impossible. It turned out unfortunately I was right and the people who were doing exactly what Congresswoman Bachmann talked about were wrong.
They truly are shameless.

Labels: , , ,

comments powered by Disqus