Newt Gingrich consulted Freddie until takeover

This is typical for the GOP and Newt Gingrich. They say one thing and then do another. Newt has forgotten the rule about the number of fingers pointing back at you when you point at someone else. I wonder how he will try to spin his way out of this one.

GOP presidential candidate Newt Gingrich’s $30,000-a-month consulting gig with Freddie Mac only ended after the housing meltdown forced the federal government to take over the failing mortgage giant.

Gingrich, who has come under fire this week for work he did during the subprime mortgage crisis, served as a consultant to Freddie Mac until September 2008 when the U.S. Treasury took control of the government-sponsored entity, his spokesman R.C. Hammond confirmed to POLITICO Thursday.

Bloomberg News reported earlier this week that Freddie Mac paid Gingrich between $1.6 million and $1.8 million in consulting fees from two contracts. Gingrich’s first contract was run out of Freddie Mac’s government relations department and lasted from mid-1999 to 2002.

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