Political Ticker Reports: Newt Gingrich explained his share of the six-year $1.6 million Freddie Mac payout amounted to “about $35,000 a year,” a drop in the bucket compared to the amount he would earn from one speech.
“Freddie Mac hired Gingrich Group, which is a firm which had offices in three cities,” Gingrich said at a campaign stop in Davenport. “Of the total contract, it was a six-year period contract, of the total amount that we keep talking about I probably got about $35,000 a year. Now that is less than I was making per speech.” This is the first time the former House speaker and GOP presidential candidate shared how much he personally earned from Freddie Mac, which would have amounted to $210,000 over the six-year period, or roughly 13% of the total $1.6 million sum.
