Newt Rips Romney for Millions in Goldman Sachs Investments

Newt Gingrich.<a href="http://www.flickr.com/photos/gageskidmore/6265574103/sizes/m/in/photostream/">Gage Skidmore</a>/Flickr

Fight disinformation: Sign up for the free Mother Jones Daily newsletter and follow the news that matters.


Is Newt Gingrich a Mother Jones reader? You’d be forgiven for thinking so after hearing Gingrich’s new line of attack on GOP front-runner Mitt Romney. On the campaign trail in Florida Thursday, Gingrich singled out Romney’s dozens of investments Goldman Sachs-run funds for criticism. “Let’s be clear: you’re watching ads paid for with the money taken from the people of Florida by companies like Goldman Sachs, recycled back into ads to try to stop you from having a choice in this election,” Gingrich said in Florida Thursday, according to Politico. “That’s what this is all about.”

Newt went on:

“The question you have to ask yourself is, what level of gall does it take to think that we collectively are so stupid that somebody who owns lots of stock in Fannie Mae and Freddie Mac, somebody who owns lots of stock in a part of Goldman Sachs that was explicitly foreclosing on Floridians, somebody who is surrounded by lobbyists who made a living protecting Fannie Mae and Freddie Mac, can then build his entire negative campaign in Florida around a series of ads that are just plain false.”

Last week, Mother Jones reported that Romney and his wife, Ann, profit off of almost three-dozen investments in funds run by Goldman Sachs in the couple’s blind trusts and individual retirement accounts. Though Romney filed his latest personal financial disclosure last August, we were one of the first news outlets to report on his extensive Goldman holdings. The investments are worth between $17.7 million and $50.5 million.

You can read the full story here.

AN IMPORTANT UPDATE

We’re falling behind our online fundraising goals and we can’t sustain coming up short on donations month after month. Perhaps you’ve heard? It is impossibly hard in the news business right now, with layoffs intensifying and fancy new startups and funding going kaput.

The crisis facing journalism and democracy isn’t going away anytime soon. And neither is Mother Jones, our readers, or our unique way of doing in-depth reporting that exists to bring about change.

Which is exactly why, despite the challenges we face, we just took a big gulp and joined forces with the Center for Investigative Reporting, a team of ace journalists who create the amazing podcast and public radio show Reveal.

If you can part with even just a few bucks, please help us pick up the pace of donations. We simply can’t afford to keep falling behind on our fundraising targets month after month.

Editor-in-Chief Clara Jeffery said it well to our team recently, and that team 100 percent includes readers like you who make it all possible: “This is a year to prove that we can pull off this merger, grow our audiences and impact, attract more funding and keep growing. More broadly, it’s a year when the very future of both journalism and democracy is on the line. We have to go for every important story, every reader/listener/viewer, and leave it all on the field. I’m very proud of all the hard work that’s gotten us to this moment, and confident that we can meet it.”

Let’s do this. If you can right now, please support Mother Jones and investigative journalism with an urgently needed donation today.

payment methods

AN IMPORTANT UPDATE

We’re falling behind our online fundraising goals and we can’t sustain coming up short on donations month after month. Perhaps you’ve heard? It is impossibly hard in the news business right now, with layoffs intensifying and fancy new startups and funding going kaput.

The crisis facing journalism and democracy isn’t going away anytime soon. And neither is Mother Jones, our readers, or our unique way of doing in-depth reporting that exists to bring about change.

Which is exactly why, despite the challenges we face, we just took a big gulp and joined forces with the Center for Investigative Reporting, a team of ace journalists who create the amazing podcast and public radio show Reveal.

If you can part with even just a few bucks, please help us pick up the pace of donations. We simply can’t afford to keep falling behind on our fundraising targets month after month.

Editor-in-Chief Clara Jeffery said it well to our team recently, and that team 100 percent includes readers like you who make it all possible: “This is a year to prove that we can pull off this merger, grow our audiences and impact, attract more funding and keep growing. More broadly, it’s a year when the very future of both journalism and democracy is on the line. We have to go for every important story, every reader/listener/viewer, and leave it all on the field. I’m very proud of all the hard work that’s gotten us to this moment, and confident that we can meet it.”

Let’s do this. If you can right now, please support Mother Jones and investigative journalism with an urgently needed donation today.

payment methods

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate