URBANDALE, Iowa – Rising in polls and receiving greater scrutiny, Republican presidential candidate Newt Gingrich found himself on the defensive Wednesday over huge payments he received over the past decade from the mortgage giant Freddie Mac.
Gingrich, who now is near the top in polling on the GOP race, said he didn’t remember exactly how much he was paid, but a person familiar with the hiring said it was at least $1.6 million for consulting contracts stretching from 1999 to early 2008. The person spoke on condition of anonymity to address a personnel matter.
Long unpopular among Republicans, federally backed Freddie Mac and its larger sister institution, Fannie Mae, have become targets for criticism stemming from the housing crisis that helped drive the nation deep into recession and then hampered recovery. Gingrich himself criticized Barack Obama in 2008 for accepting contributions from executives of the two companies.
Speaking with reporters in Iowa on Wednesday, Gingrich said he provided “strategic advice for a long period of time” after he resigned as House speaker following his party’s losses in the 1998 elections. He defended Freddie Mac’s role in housing finance and said, “Every American should be interested in expanding housing opportunities.”
On Tuesday, a House committee voted to strip top executives of Freddie Mac and Fannie Mae of huge salaries and bonuses and to put them on the same pay scale as federal employees. After disastrous losses, both companies were taken over by the government in 2008, and since then a federal regulator has controlled their financial decisions.
As voting for the Student Government (SG) elections begins this week, presidential candidates received a notable instruction while campaigning – don’t speak to The Oracle. The tickets received an email from the Elections Rules Commission (ERC) instructing them they “must decline” interviews with The Oracle that discuss their campaigns, according to screenshots sent to The […]
What would you do if someone was trying to attack you on campus? If you’re a member of the Bullfighters club, you might feel more prepared to answer. Bullfighters of Florida (BUFF) at USF is a club that focuses on self-defense and martial arts that meets every Wednesday. The club’s president Julia Hoover, a biology […]
Four gubernatorial tickets discussed their campaigns during a Thursday debate hosted in the Oval Theatre at the Marshall Student Center (MSC). Gubernatorial candidates Nilufar Majidova, Jamar Blaze Smith and Ava Moreno were accompanied by their respective Lt. Governor candidates Maryam Ashraf, Brayden Jahn and Emma Goodwin. Lt. Governor candidate Krishna Karthik Nanduri represented him and […]
As voting for Student Government elections starting up next week, here’s a compilation detailing what each presidential ticket stands for. Voting begins on Monday and lasts until next Thursday. Students will be able to cast votes for presidential, gubernatorial, senate and campus council seats. Click on a link below to read more about each of […]
Presidential ticket Jordan Franklyn McCann and Kaitlyn Rodriguez are campaigning on their goals for accountability, budget management and communication, or A.B.C., at USF. Rodriguez, a sophomore health sciences major, originally thought about running for president, but met McCann, a sophomore psychology major, in the fall. She said McCann showed up to senate meetings consistently, despite […]
Junior Suryakanth Prasad Gottipati and senior Sumit Subhash Jadhav are running for Student Government (SG) president and vice president. The ticket’s campaign includes Vision, OneUSF, Inclusivity, Collaboration and Empowerment, or V.O.I.C.E. “Students will always have something to say, and they want someone to listen,” Jadhav said. “That led us toward V.O.I.C.E. and a platform that […]