New Freddie Mac contract prohibits 'lobbying activities'
January 25th, 2012
12:04 AM ET
8 years ago

New Freddie Mac contract prohibits 'lobbying activities'

(CNN) - Newt Gingrich was specifically prevented from lobbying Congress on behalf of the mortgage giant Freddie Mac in 1999 and the early 2000s, according to a contract released Tuesday by the firm he founded.

The contract, which covered services rendered by the Gingrich Group from May 1, 1999 through December 31, 2000, states specifically: "Nothing herein is or shall be construed as an agreement to provide lobbying services of any kind or engage in lobbying activities."

The document continues, "Newt Gingrich and Group do not provide lobbying services of any kind and do not engage in lobbying activities. Neither The Gingrich Group nor Newt Gingrich will provide lobbying services of any kind nor participate in lobbying activities of Freddie Mac's behalf."

The release of the contract comes one day after the Gingrich Group released a separate contract with Freddie Mac, covering work beginning in 2006. That document did not contain the explicit no-lobbying provisions, stating only that Gingrich's firm was contracted to "provide consulting and related services" to Freddie Mac.

The 1999-2000 document offered more specifics about Gingrich's services. Among the firm's duties were serving as "advisor to Freddie Mac in areas of strategic planning and public policy," "meeting with major stakeholders of Freddie Mac to discuss business and public policy issues," and engaging "in discussions with Mitchell Delk and other senior officers of Freddie Mac."

Mitchell Delk was Freddie Mac's senior vice president for government relations, according to the contract.

Gingrich's firm provided consulting services to Freddie Mac for roughly six years in total, approximately half of which are covered by the two released contracts. On Monday, the Gingrich Group said they couldn't locate the contracts from other years, but told CNN on Tuesday evening the latest release was found in the company's warehouse.

Both the contract released Monday and the document released Tuesday show the Gingrich Group earned $25,000 per month for its services to Freddie Mac.

The role Gingrich played at Freddie Mac has become a sticking point for the candidate on the campaign trail. Rival GOP hopefuls are reissuing their claims the former House speaker lobbied for Freddie Mac as the campaign moves to Florida, site of the next primary showdown. Florida was hit particularly hard by the national housing crisis, which many Republicans pin on the failure of the mortgage giants Freddie Mac and Fannie Mae.

Filed under: 2012 • Newt Gingrich
soundoff (86 Responses)
  1. Newt's Cousin

    Paid to the Gingrich group (multiple personae? because of Newt's big broadside?): $25,000 Per Month. For what?

    Either Freddie Mack is really as charitable (and socialist) as the GOPers claim, then they paid Newt for , ehmm, Nothing.
    FHLM (federal home loan mortgages) paid Newt's Group for services rendered.
    I wonder. Did Newt use his history training to research medieval FHLMs also known as Feudal Heraldic Lordship Manors? Hmmm, that's probably where he got the idea of junior janitorial servants, who clean schools.

    I must say: ingenious, great scott!

    January 25, 2012 09:29 am at 9:29 am |
  2. The Real Tom Paine

    25K a month? What kind of additional historical insight can you provide to them that they don't have?

    January 25, 2012 09:29 am at 9:29 am |
  3. Steve Moore Smithton, Mo.

    I wonder if anyone or any organization has confirmed the authenticity of these contracts. For the first several months of the campaign he just denied his role . Once asked to produce documentation, he had no trouble producing them and the specific clause about not lobbying I find very suspect. In todays world with technology as it is, it's quite easy to reproduce, falsify, or counterfit documents and signatures. Let's see Freddie and Fannies copies to see if they correspond to Newt's.

    January 25, 2012 09:30 am at 9:30 am |
  4. GonzoinHouston

    Does anybody really think that Newt is going to let a few boiler-plate lines in a contract stop him from doing whatever he wants? Newt wanted money, Freddie wanted his influence, but Newt didn't want to register as a lobbyist. Hence, "the 1.6 million-dollar historian" Start looking at who Newt talked to and when. Did he attempt to influence his old friends, perhaps with a donation or two, on Freddie's behalf? If so, he's a lobbyist, and an unregistered, illegal lobbyist to boot!

    January 25, 2012 09:35 am at 9:35 am |
  5. billy davis

    Newt is a liar. He knows there was no historical advice provided to Freddie Mac. He was hired to help them with access to Republican Lawmakers. No other reason. Gingrich lied to his wives now he's lying to the rest of America.

    January 25, 2012 09:38 am at 9:38 am |
  6. w l jones

    It appears some historian know everybody else history except there own American history. Starting with all American president shotly after the revolution through our present president there contribution to our country.

    January 25, 2012 09:43 am at 9:43 am |
  7. Robert - Atlanta

    OK – No lobbying (WINK, WINK) just “provide consulting and related services" and “meeting with major stakeholders”. Newt made sure the contract gave him lots of money and Plausible Deniability. It gets harder and harder when crooks like Newt get older; they’ve learned all the Get Out Jail Free defenses.

    January 25, 2012 09:43 am at 9:43 am |
  8. Jack

    Lobbyist: "You should do this." Consutant: "You should consider doing this." Yeah, big difference.

    January 25, 2012 09:47 am at 9:47 am |
  9. TexasTruth

    Newt was bribed by Fannie and Freddie. This two-time cheater will FAIL America.

    January 25, 2012 09:48 am at 9:48 am |
  10. Phil in KC

    And when did that re-write take place? Besides, the language does not specifically prohibit lobbying. It just says they don't do that as part of their services. There's a big difference. (wink, wink, nudge, nudge)

    January 25, 2012 09:48 am at 9:48 am |
  11. Penobscot

    What a liar.Newt, just own up to it man.

    January 25, 2012 09:54 am at 9:54 am |
  12. tannim

    "Nothing herein is or shall be construed as an agreement to provide lobbying services of any kind or engage in lobbying activities."

    Nice try, but just because the agreement said it didn't include lobbying services doesn't mean they weren't done anyway. Lots of people do work for their employers that is not in their job description or contract. Gingrich is likely no expection.

    This neither convicts or exonerates him. It is, in effect, a non-story.

    January 25, 2012 09:58 am at 9:58 am |
  13. Gibson 1011

    and the quote in the article "which many Republicans pin on the failure of the mortgage giants Freddie Mac and Fannie Mae." Yet you crazy people are backing Newt!! What is wrong with you. We are scraping by... Newt is wrong for this country and you have to stop playing this game.

    January 25, 2012 10:00 am at 10:00 am |
  14. bon

    Newt Is a crook!

    January 25, 2012 10:01 am at 10:01 am |
  15. Bill

    Looks like Mittens will have to fabricate another lie about Gingrich. No matter, Obama will wipe the floor with either one of them. The GOP is a laughing stock.

    January 25, 2012 10:05 am at 10:05 am |
  16. johnmenacherjr

    What a load Break out the boots! How stupid does he think people are!

    January 25, 2012 10:06 am at 10:06 am |
  17. beevee

    No one in their right mind will trust this Gingrich guy. he is a big mouth scoundrel. He should never hold any political office.

    January 25, 2012 10:06 am at 10:06 am |
  18. YouCantHandleTheTruth

    Where are the Newt supporters on this thread? Isn't there a single person willing to come forward to defend this treason? Other than the word 'historian', do we have one solid example of the service that he provided to this government created company? Hard to defend his behavior when your home is worth half what it was 10 years ago, assuming you still have a place to call home.

    January 25, 2012 10:07 am at 10:07 am |
  19. augustghost

    Arrogant two faced power hungry LIAR

    January 25, 2012 10:13 am at 10:13 am |
  20. Emerson

    If it looks like a duck, walks like duck, quacks like a duck, its Newt Gingrich trying to recast history to suit his own purposes.

    January 25, 2012 10:16 am at 10:16 am |
  21. David

    I find it amusing how this cnn website is so far leaning left the I had to rotate my computer screen 90 degrees!

    Just to set the record straight:

    Americans have lost all respect for "EVERYONE" in Washington including this President and the last.
    So save your breath you hypocrites1

    None of you complained when the stock market was soaring and your pensions and 401Ks were peaking while Wall Street was lying to us.

    We can't have it both ways. We are a big part of the problem.
    We want cheap products from China but we complain when we lose our jobs because of it.
    We want to make money on investments but we're pissed when companies do bad.

    It's all tied to our behavors. We have to change our behavior before Washington can change theirs otherwise Washington will just be lip service telling us what we want to hear but accomplishing NOTHING!

    January 25, 2012 10:18 am at 10:18 am |
  22. Strange1

    Wish I could get paid $25k a month to "not lobby" while "lobbying." Politics can be a dirty business but slime balls pick up all the grit off the floor when it rolls around in it. Being "clever" is not the same thing as being "wise."

    January 25, 2012 10:21 am at 10:21 am |
  23. Dr Knowitall

    YouCantHandleTheTruth – Sir or Madam please rename your name to "Clueless".
    Treason is not classified as working for a living.

    January 25, 2012 10:22 am at 10:22 am |
  24. tom clements

    History lesson coming...In 2003, the Bush Administration sought to create a new agency, replacing the Office of Federal Housing Enterprise Oversight, to oversee Fannie Mae and Freddie Mac. While Senate and House leaders voiced their intention to bring about the needed legislation, no reform bills materialized. A Senate reform bill introduced by Senator John Corzine (D-NJ) (S.1656) never made it out of the 21-member (10D/11R) Senate Banking, Housing, and Urban Affairs Committee. At the time members of the 108th congress expressed faith in the solvency of Fannie and Freddie. Congressman Barney Frank (D-MA), for example, described them as "not facing any kind of financial crisis."In 2005, the Federal Housing Enterprise Regulatory Reform Act, sponsored by Senator Chuck Hagel (R-NE) and co-sponsored by Senators Elizabeth Dole (R-NC), John McCain (R-AZ) and John Sununu (R-NH)[1], would have increased government oversight of loans given by Fannie Mae and Freddie Mac. Like the 2003 bill, it also died in the Senate Banking, Housing, and Urban Affairs Committee, this time in the 109th Congress.

    January 25, 2012 10:28 am at 10:28 am |
  25. brian in denver

    If liars were airplanes, the GOP would be an airport

    January 25, 2012 10:38 am at 10:38 am |
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