Gingrich was paid nearly $2 million by Freddie Mac (user search)
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  Gingrich was paid nearly $2 million by Freddie Mac (search mode)
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Author Topic: Gingrich was paid nearly $2 million by Freddie Mac  (Read 2037 times)
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jmfcst
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« on: November 16, 2011, 02:25:42 PM »

what is improper about this, exactly?
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jmfcst
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« Reply #1 on: November 16, 2011, 03:07:26 PM »

jmfcst just said improper.  And that's a term that just might stick if thrown against the wall. 

Newt:  "Is it my fault I was paid to give advice to Freddie Mac and Freddie Mac ignored my advice?....[followed by recital of long list of warnings Newt gave which proved to be correct]"

who are they going to blame next, the Freedie Mac janitor?
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jmfcst
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« Reply #2 on: November 16, 2011, 03:32:40 PM »

certainly, as a consultant [or whatever], Newt did some documentation of the advice he gave.  I know that I always document the advice I give clients, so that at the end of the day, the client is the one who eats the soup, no matter if the soup turned out good or bad.
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jmfcst
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« Reply #3 on: November 16, 2011, 03:42:10 PM »

certainly, as a consultant [or whatever], Newt did some documentation of the advice he gave.  I know that I always document the advice I give clients, so that at the end of the day, the client is the one who eats the soup, no matter if the soup turned out good or bad.

What does that mean?  That  you and Geingrich can't be held responsible for your statements?

Well, I am experienced enough that I give conservative advice and warn of potential hazards, and document it all with at least an email if not a formal report.  In doing so, I insulate myself from any attempts to scapegoat my work.

Newt's company HAS to have some document trace of the advice they gave.
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jmfcst
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« Reply #4 on: November 16, 2011, 04:01:01 PM »

Of course he offered it.  He's not an idiot.  You think he is the first person to think about covering up a "crime" before someone asks?

the proper forum response is to point out that: "Newt, as a paid outside consultant, should have documented his advice to Freddie Mac.  And if he didn't document it, then he's not even following standard protocol within his own consulting firm.  Therefore, we await the expected documentation, from either Newt and/or Freddie, before rendering a verdict."

you, on the other hand, are just being a trolling arse...and after last night's freakish attempt to arrogantly claim you knew more than I do about the neighborhood I spent 22 years growing up in...you are now on ignore.
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jmfcst
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« Reply #5 on: November 16, 2011, 04:30:51 PM »

How many hours did Newt work for his 2 million?  Did he just pontificate with his big picture stuff, and if so, why on earth would the agencies pay that kind of money for that?  Was it some sort of hush money, to just keep Newt leashed, so he would not attack them on his speaking tours or something?  Something just isn't quite right here. I want to know more.

we don't know if Newt was the only one billing...it could have involved hours from several employees at Newt's firm...or maybe most of it amounted to a retainer fee just to have Newt around to bounce things off of. 

ex Speakers and ex Presidents get paid vast sums just to fart.
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jmfcst
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« Reply #6 on: November 16, 2011, 04:41:56 PM »

most of it amounted to a retainer fee just to have Newt around to bounce things off of. 

ex Speakers and ex Presidents get paid vast sums just to fart.

Bingo!

and

Very true!

Your organization can retain 2 of the following 4 consultants, which do you pick?:

Jimmy Carter
Bill Clinton
Newt Gingrich
Bush43

I would imaging Bill and Newt would be much more sought after than Jimmy or Bush43.

These people are worth tens of millions in future speaking/consulting fees, we shouldn't be surprised they are paid vast sums to simply wax poetic.
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