Thursday, November 17, 2011

Gingrich Said to Be Paid at Least $1.6 Million By Freddie Mac

Gingrich Said to Be Paid at Least $1.6 Million By Freddie Mac: Bloomberg, by Clea Benson and Dawn Kopecki Posted By: MissMolly- Wed, 16 Nov 2011 11:49:01 GMT Newt Gingrich made between $1.6 million and $1.8 million in consulting fees from two contracts with mortgage company Freddie Mac, according to two people familiar with the arrangement. The total amount is significantly larger than the $300,000 payment from Freddie Mac that Gingrich was asked about during a Republican presidential debate on Nov. 9 sponsored by CNBC, and more than was disclosed in the middle of congressional investigations into the housing industry collapse. Gingrich’s business relationship with Freddie Mac spanned a period of eight years. When asked at the debate what he did to earn a $300,000 payment in 2006,

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