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Newt Gingrich Made Big Bucks from Freddie Mac, Uh Oh: Political Buzz 11.16

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Published on Nov 16, 2011

Newt Gingrich has said he was a consulting historian for government-backed mortgage giant Freddie Mac but not a lobbyist. He also insists he warned them of the impending housing bubble. But Bloomberg is reporting Gingrich made far more than originally stated -- $1.6 million -- and that Freddie employees don't recall any warning from Gingrich.

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