WASHINGTON-- 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.Well, we all knew that Davis had gotten fat by lobbying Congress for less regulation on behalf of Fannie Mae and Freddie Mac. But according to Senator McCain himself, that all ended years ago, right?
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...Are you're saying that a lobbying firm owned by the campaign manager for the Republican Presidential Candidate was accepting payments from two failing government sponsored lending enterprises long after the campaign claimed the financial relationship had ended?
They said Mr. Davis’s his firm, Davis & Manafort, was kept on the payroll because of Mr. Davis’s close ties to Mr. McCain, the Republican presidential nominee, who was widely expected by 2006 to run again for the White House.I guess so. Perhaps the next jabbering illogical retreat to emerge from the McCain camp will sound something like, "Mr. Davis never accepted a dime after these companies were placed into conservatorship by the federal government." Wait, what's that, Times?
They said they did not recall Mr. Davis doing much substantive work for the company in return for the money, other than speak to a political action committee composed of high-ranking employees in October 2006 on the coming midterm congressional elections.Just had to go and do it, didn't you? Had to kick the bastard on his way to the ground.
"Liberal Media Bias!" in 3... 2...
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