[justlurking]

It works out to a billing rate of $156/hr for 40 hrs/week of work. Or let’s say $300/hr for 20 hrs/week of work.

Wow, my billing rate is more than that. And, I'm not any high powered consultant/lawyer. I'm just a specialized IT consultant.

Of course, I don't get all of it. But, that's how much my company clients pay.

[BagCamAddict]

Exactly. And Newt didn’t get all of it either. His company gets it, and it covers overhead, administrative staff, liability insurance, etc.

So all this talk about Newt getting “millions” or even “1.5 million” from Fannie Mae is BS. The money came in over a period of years, and as the contract indicates, it was paid at a maximum of $25,000 per month, at a completely reasonable billing rate for Newt’s services.

But you watch, someone will bring up how Newt made/charged all this money “while Americans were hurting and losing their houses.”