For the second time in a recent presidential debate where he seeks to answer his opponents' charges about his firm's years of quite profitable (and, according to most sources, completely legal although an issue he has found tough to defend in today's "bubble burst" real estate market) consulting engagements with Freddie Mac, former Speaker Newt Gingrich has now twice misstated facts about credit unions so severely in his attempt to deal with these GSE-oriented questions that it has to be either an intentional effort to mislead or he does not understand what credit unions are.
Either is troublesome for credit unions. And, now that he has done it two times in two separate debates, it cannot be a mere oversight on his part. One of those problems, lack of candor or lack of comprehension, must be the case. And the record must be set straight.
Sorry, Mr. Speaker, credit unions are not GSEs. Period.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
