Even as Romney goes after Newt Gingrich for profiting from mortgage giants, Fannie Mae and Freddie Mac, it turns out that Gingrich isn’t the only one profiting from the two lenders:
On his financial disclosure statement filed last month, Romney reported owning between $250,001 and $500,000 in a mutual fund that invests in debt notes of Fannie Mae, Freddie Mac, among other government entities. Over the previous year, he had reported earning between $15,001 and $50,000 in interest from those investments.
And unlike most of Romney’s financial holdings, which are held in a blind trust that is overseen by a trustee and not known to Romney, this particular investment was among those that would have been known to Romney.
Think Progress on Romney’s new ad targeting Gingrich over the Fannie-Freddie connection:
Over the weekend, Romney intends to start airing an ad that will say, “While Florida families lost everything in the housing crisis, Newt Gingrich cashed in. Gingrich was paid over $1.6 million by the scandal-ridden agency that helped create the crisis.” Shockingly enough, the ad fails to mention Romney’s own investments in the government backed mortgage giants, which have netted him tens of thousands of dollars.
Will update with the ad as soon as it’s released.