Gingrich Said to Be Paid $1.6M by Freddie Mac

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Gingrich Said to Be Paid $1.6M by Freddie Mac

Gingrich Said to Be Paid $1.6M by Freddie Mac

The lies, the fraud, will never end.

Now they are complaining why no one will run Fannie or Freddie for 200K a year. Mr. Ging-RICH just made 100 times this amount for giving “insane” advice.

Wonder who else is raking this amount for the same “advice”?

Everything happened in 1999.

Bloomberg Exclusive-

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.

[…]

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, the former speaker said he “offered them advice on precisely what they didn’t do,” and warned the company that its lending practices were “insane.” Former Freddie Mac executives who worked with Gingrich dispute that account.

Gingrich’s first contract with the mortgage lender was in 1999, five months after he resigned from Congress and as House speaker, according to a Freddie Mac press release.

[BLOOMBERG]

© 2010-17 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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