Freddie Mac Paid Gingrich $1.6M
But only for his 'strategic advice'
By Kevin Spak, Newser User
Posted Nov 16, 2011 7:09 AM CST
Updated Nov 16, 2011 7:45 AM CST
In this Nov. 12, 2011, photo, Republican presidential candidate former House Speaker Newt Gingrich, speaks at a debate in Spartanburg, S.C.   (AP Photo/Richard Shiro)

(Newser) – Newt Gingrich raked in somewhere between $1.6 million and $1.8 million over the course of an eight-year span consulting for Freddie Mac, sources tell Bloomberg—a far cry from the $300,000 he was asked about in last week’s CNBC debate. His main contact was the firm’s chief lobbyist, Mitchell Delk. Delk says he never asked Gingrich to do any lobbying “of any kind” for him, however, and that he instead provided “counsel on public policy issues."

But former Freddie Mac officials say Gingrich was asked to help the company reach out to congressional Republicans in 2006, and to help craft arguments to win over conservatives skeptical of the firm’s public-private structure. He was also supposed to provide a white paper for this purpose, but never did so. In the debate, Gingrich said he’d just been a “historian” for the company, and had told them their lending practices were “insane,” but all of Bloomberg’s sources agree that he never criticized the company. A Gingrich spokesman confirmed that Gingrich had “a series of contracts with Freddie Mac over a period of many years,” but said “we dispute your sources’ account."

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Derni
Nov 16, 2011 5:53 PM CST
He has many problems..one of which he actually exists in time..he actually expects the people that vote to buy his story..that he received money for sharing "history" with this organization???LOL he was involved in the scandal..he has lied..he has spent money inappropriately ..he is a scam..his own party wanted him out when he was speaker..and he hasn't stopped talking since..a typical sociopath that made it into Congress..the GOP can't find one intelligent middle of the road member..??? sad lot
Tulkas451
Nov 16, 2011 4:14 PM CST
I think that Newt's biggest problem isn't that he's at his very center a whore for money - it's that he figures that he can take anyone's payoff and convince the rest of the political world that he didn't do anything wrong. He's one of the worst products of American politics in the history of this country.
Observer
Nov 16, 2011 2:32 PM CST
Gotta love it! The first of a giant landslide of embarrassing past excesses and suspect payoffs that will smash down Newtshit. He is so gross. No wonder he could afford to charge $500,000 in jewels for his robotic Stepford wife. He's not even worth the pot he pisses in. Can't the CIA disappear this skidmark?