Gingrich Said Freddie Mac Could Be Good Model for Mars Travel
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Newt Gingrich in 2007 extolled the virtues of Freddie Mac, saying he would be “very cautious” about changing the way the mortgage-finance company’s public-private business plan operated.
In an interview placed on Freddie Mac’s website, the Republican presidential candidate said the U.S. government-sponsored enterprise, or GSE, could serve as a guide for rebuilding the hurricane-ravaged Gulf of Mexico, improving health care and funding space exploration. For decades, Freddie Mac collected profits while benefiting from an implicit taxpayer guarantee of its debt,