- Danny Schwartz
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.
During the debate, Gingrich said he was paid to "offer...them advice on precisely what they didn’t do.” This morning, he says he "offered strategic advice over a long period of time.” Gingrich also railed against the "irresponsible lending policies" of Freddie Mac in his most recent book, without mentioning the disgusting amount of money he made from the organization. Between this and the Tiffany's deal, it would appear that money sticks to Gingrich like shit sticks to a pig.