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General News 12/16/2008 at 3:51 PM EST

Gingrich Bites the Hand that Fed Him

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Newt Gingrich went on Fox News to decry how Fannie Mae and Freddie Mac had so 'many politicians beholden to them'. But, as it turns out, Freddie Mac paid Gingrich $300,000 in 2006, "to push back against tough, new regulations of the mortgage company at a time the Bush administration was concerned about how big the two government-backed mortgage giants had become."

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Related Topic(s): Deregulation-Regulation; Fannie Mae; Gingrich Newt; Lobbyists Lobbying Influence; Republican Hypocrisy, Add Tags

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