That turns to a discussion of how under-regulation of Freddie Mac and Fannie Mae led to the financial crisis.
Freddie Mac, for its part, has returned $29.6 billion of the $71 billion it took from Treasury.
With the collapse of the mortgage market, Freddie Mac and its sister, Fannie Mae, are essentially the only games in town.
Rahm Emanuel is catching heat for his payday at Freddie Mac, one of the originators of the meltdown.
When it comes to the lending spree that sparked the financial crisis, Fannie Mae and Freddie Mac were followers, not leaders.
Most recently, he was reportedly paid $1.6 million to $1.8 million for offering “advice as a historian” to Freddie Mac.
Fannie Mae and Freddie Mac, which buy almost every mortgage originated in the U.S., are still functioning.
Most recently, he redescribed his sleazy lobbying for conservative bête noire Freddie Mac as the work of a “historian.”
Never mind the fact that Gingrich worked as a “historian” for Freddie Mac and was paid a reported $1.6 million for his advising.
Since the housing crash and its near bankruptcy, Freddie Mac has turned into a much more savvy, conservative company.
by 1992, vaguely from Federal Home Loan Mortgage Corporation.
The Federal Home Loan Mortgage Corporation, which buys mortgages from lenders (1980s+)