Former House Speaker Newt Gingrich was roasted on charges of influence peddling at Freddie Mac by Congressmen Ron Paul and Michele Bachmann at the Fox News debate December 15.
Fox News Anchor Chris Wallace started the sharp exchange in this final scheduled debate before the January 3 Iowa Caucus in Sioux City, Iowa, with this question:
Speaker Gingrich, on the Freddie Mac website in 2007, you said this: "I like the GSE [or Government Sponsored Enterprise — like Freddie Mac — ] model ... making home ownership more accessible and affordable is a policy goal I believe conservatives should embrace." Now, in an earlier debate, a recent debate, you said that politicians like Barney Frank, who, in your words, profited from the environment that led to the financial meltdown should go to jail. Now that it turns out that you were on the Freddie Mac payroll to the tune of more than $1.6 million, how do you answer critics that say you are being hypocritical?
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Photo of Newt Gingrich: AP Images