Wednesday, September 24, 2008

McCain Aide's Firm Was Paid by Freddie Mac

Given that McCain's campaign is filled with lobbyists, this isn't surprising -- but it certainly underscores the chutzpah and mendacity of his campaign to be running a totally false ad linking Obama to former Fannie Mae CEO Franklin Raines (www.nytimes.com/2008/09/20/us/politics/20adbox.html):
One of the giant mortgage companies at the heart of the credit crisis paid $15,000 a month from the end of 2005 through last month to a firm owned by Senator John McCain’s campaign manager, according to two people with direct knowledge of the arrangement.

The disclosure undercuts a remark by Mr. McCain on Sunday night that the campaign manager, Rick Davis, had had no involvement with the company for the last several years.

Mr. Davis’s firm received the payments from the company, Freddie Mac, until it was taken over by the government this month along with Fannie Mae, the other big mortgage lender whose deteriorating finances helped precipitate the cascading problems on Wall Street, the two people said.

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McCain Aide’s Firm Was Paid by Freddie Mac

Published: September 23, 2008

WASHINGTON — One of the giant mortgage companies at the heart of the credit crisis paid $15,000 a month from the end of 2005 through last month to a firm owned by Senator John McCain’s campaign manager, according to two people with direct knowledge of the arrangement.

 

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