Wednesday, September 24, 2008

Lobbyists: McCain's Bane

Another lie from Brother McCain. McCain on Sunday night said that his campaign manager, Rick Davis, who was paid $2 million by Fannie Mae and Freddie Mac to help keep them deregulated, had nothing to do with either group since he left their employ in 2005. According to new reports, this isn't the case.

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

And there's more fuel for the fire. Another member of McCain's inner circle-- William Timmons, (a lobbyist expected to lead McCain’s presidential transition team) has earned $260,000 this year lobbying for Freddie.

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