The facts are, I didn’t personally get that kind of money,” Gingrich told Schieffer. “It went to a consulting firm which had offices in three cities. The share I got of it was relatively small.”
Gingrich has staunchly - and repeatedly - denied that he ever served as a lobbyist for Freddie Mac, despite being paid nearly $2 million by the mortgage giant between 1999 and 2008. Gingrich has been criticized for using a narrow definition of the term “lobbyist” when he denies having been one.
“We did consulting advice,” Gingrich said Sunday. “The only thing I ever wrote for Freddie Mac that was ever published basically said, as part of it, they need more regulations. The only time I’ve talked to the Congress or to the Republicans in Congress was in July of 2008. And it’s actually in the New York Times at the time, and I said, ‘Vote against the bailout.’ I said, ‘Do not help Freddie Mac and Fannie Mae. This is not something you should do.’”
Please read the whole article here....
http://www.cbsnews.com/8301-3460_162-57344816/gingrich-we-earned-criticism-over-freddie-mac/
Please note...
despite being paid nearly $2 million by the mortgage giant between 1999 and 2008.
now that means 9 YEARS divide that 9 years into the 1.6 million the companies received and it is a reasonable amount of money for that service.
As I said in another post. If I as a Republican were to run for office, the dems checked our pay for the same company for 30 years would come up with 2 million dollars. Wow! But that is about 70,000 a year!
They would go on to ask just what sweet deal did we have going on behind closed doors???
If the pay averaged $70,000 per year but the company only worked a few hours per year for them, there is a problem.
I don't really know all that much about Gingrich & Freddie other than he didn't address the issue very well in the last debate.
Even if Freddie only published one thing from them, his company should still have a record of the services that he provided and it should explain its billing system.
Gingrich has been very good in this campaign and I think he can still explain this.