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Public outrage over the millions of dollars paid top executives in the government-sponsored mortgage giants Fannie Mae and Freddie Mac took a new twist today with the disclosure that Republican presidential hopeful Newt Gingrich received between $1.6 million and $1.8 million in consulting fees from two contracts with Freddie Mac over the past eight years.
During the CNBC-sponsored debate for GOP candidates last week, he admitted to receiving some $300,000.
The consulting fees were paid not to Gingrich directly, but to his consulting firm, The Gingrich Group, according to a report published by Bloomberg.