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Gingrich’s former firm releases Freddie Mac contract

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Dan Eggen
Washington Post
January 24, 2012

GOP candidate Newt Gingrich, who has said he never lobbied on behalf of his consulting clients, reported to a top lobbyist with Freddie Mac as part of a $25,000-a-month contract, according to records released late Monday.

The one-year contract overseen by Freddie Mac executive Craig Thomas represents only a portion of the former House speaker’s long relationship with the mortgage giant, which spanned eight years and resulted in at least $1.6 million in fees for Gingrich’s empire.

The partial documentation also appears unlikely to quell escalating demands from GOP rival Mitt Romney, who has sharply criticized Gingrich for his lucrative career collecting tens of millions of dollars in fees from Freddie Mac, health-care firms and other clients.

The attacks, repeated in Monday night’s presidential debate, are part of an attempt by Romney to blunt Gingrich’s momentum after a commanding primary victory in South Carolina on Saturday. A new ad from the Romney campaign alleges that Gingrich “cashed in” on the housing meltdown by taking money “from the scandal-ridden agency that helped create the crisis.”

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This article was posted: Tuesday, January 24, 2012 at 5:16 am





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