Sunday, January 29, 2012

Freddie Mac hired Gingrich as it reshaped strategy



WASHINGTON (Reuters) - Within months after taking over as chief lobbyist at mortgage lender Freddie Mac in 1999, Mitchell Delk hired a prominent Washington insider to advise him on how to build support among conservatives on Capitol Hill: Newt Gingrich, the former speaker of the House of Representatives.

A key part of Delk's strategy, as outlined in Federal Election Commission records, was to build goodwill in Congress by holding fundraising events for influential members of House and Senate committees that had oversight of Freddie Mac.

Gingrich had experience in such matters as an architect of GOPAC, one of the Republican Party's most important political action committees.

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