Newt was hired as a private citizen to consult. Just like a tax consultant or broker. It is his area of expertise. He said they did NOT follow the advice he gave them. Newt is right. Shame on the ignorant that are playing the class envy card.
There is a big difference (to me) in a private company paying a consultant paying for advise and a public (or at least quasi-public) company paying a former politician a “consulting fee.”
Freddie and Fannie have a long history of having politicians (mostly Dems) on the payroll. And amazingly, they have never had significant oversight. Result: I think we are at $150 billion in taxpayer and counting.
I have not heard anything about Newt supporting the reforms Bush was pushing around 2003-2004. All the Dems opposed the proposed reforms and Repubs were unwilling to push it. Where was Newt??