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tabatha

(18,795 posts)
Sun Jan 29, 2012, 12:33 AM Jan 2012

Freddie Mac hired Gingrich as it reshaped strategy

(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.

...

The FEC probe found that under Delk's guidance, Freddie Mac improperly used corporate resources to put on 85 fundraising events that raised about $1.7 million for federal candidates.

The majority of the events were for Republicans, the FEC found.

FEC investigators concluded that at least one major contribution to a Republican entity came directly from Freddie Mac funds and that some fundraisers were held in Freddie Mac's offices - both violations of FEC rules.

http://www.reuters.com/article/2012/01/28/us-usa-campaign-gingrich-freddiemac-idUSTRE80R0T320120128

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