Gingrich Firm Releases Freddie Mac Consulting Contract
Newt Gingrich
Joe Raedle/Getty Images
Republican presidential candidate Newt Gingrich at an event at the The River Church on Jan. 23 in Tampa, Florida.
Republican presidential candidate Newt Gingrich at an event at the The River Church on Jan. 23 in Tampa, Florida. Photographer: Joe Raedle/Getty Images
As presidential hopeful Newt Gingrich faced new criticism from rivals for his advisory role at Freddie Mac, a consulting firm he founded released today a copy of a consulting agreement he signed in 2006 with the mortgage company.
The 16-page document doesn't specify what Gingrich did in his role as a consultant, and it only covers one year of his multi-year services.
Gingrich earned at least $1.6 million working with Freddie Mac during an eight-year period beginning in 1999. The contract released tonight covered 2006, a year in which he was to be paid $300,000.
The contract was solely for consulting purposes and not lobbying,’’ a center statement said.
To contact the reporter on this story: Clea Benson in Washington at cbenson20@bloomberg.net
To contact the editor responsible for this story: Jeanne Cummings at jcummings21@bloomberg.net
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