Former House Speaker Newt Gingrich and Texas Congressman Ron Paul sparred over the issue of Gingrich’s $1.6 million in consulting feesfor mortgage giant Freddie Mac between 1999 and 2007 in an ABC News Iowa debate December 10.
Asked why his campaign released an advertisement accusing Gingrich of “serial hypocrisy,” Rep. Paul stressed that Gingrich “received a lot of money from Freddie Mac. Now, Freddie Mac is essentially a government organization. While he was earning a lot of money from Freddie Mac, I was fighting over a decade to try to explain to people where the housing bubble was coming from. So Freddie Mac gets bailed out by the taxpayer, so in a way Newt, I think you probably got some of our taxpayer’s money.” He added, “I think this is something that people out to know about.”…………………………………..