24 September 2008

McCain Lied About Campaign Manager's Ties to Freddie Mac

On Sunday, in an interview with CNBC and The New York Times, John McCain stated unequivocally that his lobbyist campaign manager, Rick Davis, has had no involvement with Freddie Mac for several years. Today, however, The Times reveals that Freddie Mac paid Davis's firm $15,000 a month from the end of 2005 through last month. The payments ceased only after the beleaguered mortgage giant was taken over by the federal government a couple of weeks ago.

"The two officials with direct knowledge of Freddie Mac's post-2005 contract with Davis spoke on condition of anonymity. One is a Democrat and the other a registered independent. Four other outside consultants, three Democrats and a Republican also speaking on condition of anonymity, confirmed that it was widely known that Davis was being paid though his firm."

These revelations obviously reak of hypocrisy on the part of McCain, who has levied repeated and widely discredited charges that former Fannie Mae executives have served as Obama advisers. But what's worse is that McCain lied to the American people.

2 Responses:

iconoclast said...

moron.

Davis has not received any pay or compensation from the firm since 2006.

Don't depend upon the NYT. They lie.

Republicus said...

Davis's firm, Davis & Manafort, received payments from Freddie until last month. Davis remains an equity-holder, which means the money will be waiting for him when he returns.

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