Newt Gingrich's Freddie Mac Claims Punctured By David Frum

WASHINGTON -- "Freddie Mac Didn't Pay $300K for History Lectures," writes David Frum on Thursday, and he pulls the relevant text from the historical record.As reported by the Associated Press, Dec. 8, 2008:The Bush administration and Federal Reserve Chairman Alan Greenspan were sounding the alarm about the potential threat to the nation's financial health if the fortunes of the two mammoth companies [Freddie Mac and Fannie Mae] turned sour.

 

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