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With Newt, Media Covers Freddie & Fannie

BEGIN TRANSCRIPT

RUSH: Have you heard of Fannie Mae, Freddie Mac?  You know, I didn't know much about 'em until this news of Newt Gingrich.  Newt Gingrich had a consultancy deal there, was paid, what, a million, $1.2, 1.3 million to consult.  Why, you woulda thought that Fannie Mae and Freddie Mac, why, nobody ever heard of 'em until Newt became associated with them.  But how about the fact that Fannie Mae and Freddie Mac paid Franklin Raines $90 million?  How about this guy Jim Johnson that ran that place for a while that walked out of there with over $20 million?  Jamie Gorelick got something like $26 million working for Fannie and Freddie.  And of course there's Barney Frank and Chris Dodd, never mattered. The media never reported any of that, wasn't interested at all, but now you've got Newt in a consultancy deal and all of a sudden Fannie Mae and Freddie Mac are bad things.  But up until Newt got involved, Fannie Mae and Freddie Mac, why gloriously helping people into homes and buying up mortgages and so forth.  It's just amazing how the media is suddenly interested in Fannie Mae and Freddie Mac. 

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