McCain's campaign manager has been receiving money from Freddie Mac for 2 years.

Discussion in 'Congress' started by Chris, Sep 27, 2008.

  1. Chris
    Offline

    Chris Gold Member

    Joined:
    May 30, 2008
    Messages:
    23,154
    Thanks Received:
    1,958
    Trophy Points:
    205
    Location:
    Virginia
    Ratings:
    +2,089
    Few advisers in John McCain's inner circle inspire more loyalty from him than campaign manager Rick Davis. McCain and his wife, Cindy, credit the shrewd, and sometimes volatile, Republican insider with rescuing the campaign last year when it was out of money and on the verge of collapse. As a result, McCain has always defended him—even when faced with tough questions about the foreign lobbying clients of Davis's high-powered consulting firm. "Rick is a friend, and I trust him," McCain told NEWSWEEK last year.

    Last week, though, McCain's trust in Davis was tested again amid disclosures that Freddie Mac, the troubled mortgage giant that was recently placed under federal conservatorship, paid his campaign manager's firm $15,000 a month between 2006 and August 2008. As the mortgage crisis has escalated, almost any association with Freddie Mac or Fannie Mae has become politically toxic. But the payments to Davis's firm, Davis Manafort, are especially problematic because he requested the consulting retainer in 2006—and then did barely any work for the fees, according to two sources familiar with the arrangement who asked not to be identified discussing Freddie Mac business. Aside from attending a few breakfasts and a political-action-committee meeting with Democratic strategist Paul Begala (another Freddie consultant), Davis did "zero" for the housing firm, one of the sources said. Freddie Mac also had no dealings with the lobbying firm beyond paying monthly invoices—but it agreed to the arrangement because of Davis's close relationship with McCain, the source said, which led top executives to conclude "you couldn't say no."

    Freddie Mac Money Trail Catches Up With McCain | Newsweek Periscope | Newsweek.com
     
  2. DiveCon
    Offline

    DiveCon gone

    Joined:
    Aug 10, 2008
    Messages:
    48,025
    Thanks Received:
    3,387
    Trophy Points:
    48
    Ratings:
    +3,387
    spewsweak?
    LOL
     
    • Thank You! Thank You! x 1
  3. Gem
    Offline

    Gem BANNED

    Joined:
    Aug 11, 2004
    Messages:
    2,080
    Thanks Received:
    782
    Trophy Points:
    0
    Ratings:
    +782
    Didn't I hear that Obama had received the 2nd most from Fannie Mae even though he has been in Congress for such a short period of time?
     
    • Thank You! Thank You! x 1
  4. HoleInTheVoid
    Offline

    HoleInTheVoid Active Member

    Joined:
    Sep 10, 2008
    Messages:
    860
    Thanks Received:
    89
    Trophy Points:
    28
    Ratings:
    +89
    Anonymous sources, eh?

    Last time NewsWEEK ran with anonymous sources people rioted because they thought you could fit an entire Koran down a government issued, low-flush toilet.

    Who is it today, a couple of ACORN activists?
     
    • Thank You! Thank You! x 1
  5. Chris
    Offline

    Chris Gold Member

    Joined:
    May 30, 2008
    Messages:
    23,154
    Thanks Received:
    1,958
    Trophy Points:
    205
    Location:
    Virginia
    Ratings:
    +2,089
  6. Chris
    Offline

    Chris Gold Member

    Joined:
    May 30, 2008
    Messages:
    23,154
    Thanks Received:
    1,958
    Trophy Points:
    205
    Location:
    Virginia
    Ratings:
    +2,089
  7. Chris
    Offline

    Chris Gold Member

    Joined:
    May 30, 2008
    Messages:
    23,154
    Thanks Received:
    1,958
    Trophy Points:
    205
    Location:
    Virginia
    Ratings:
    +2,089
  8. HoleInTheVoid
    Offline

    HoleInTheVoid Active Member

    Joined:
    Sep 10, 2008
    Messages:
    860
    Thanks Received:
    89
    Trophy Points:
    28
    Ratings:
    +89
    And yet McCain was still pushing reform legislation.

    I guess $2 million just doesn't buy some people like it used to.

    Now let's talk Obama's $126k in 2 yrs and obstructionism vs McCain's $21k over his entire term while seeking reform.

    It's odd that your articles miss this GLARING contrast.
     
    • Thank You! Thank You! x 1
  9. DiveCon
    Offline

    DiveCon gone

    Joined:
    Aug 10, 2008
    Messages:
    48,025
    Thanks Received:
    3,387
    Trophy Points:
    48
    Ratings:
    +3,387
    actually, it isnt, this is classic Chris/Kirk BS
     
  10. frazzledgear
    Offline

    frazzledgear Senior Member

    Joined:
    Mar 17, 2008
    Messages:
    1,479
    Thanks Received:
    541
    Trophy Points:
    48
    Ratings:
    +541
    Interesting this same news magazine didn't bother to report the fact that Obama has two former Fannie Mae CEO's on his payroll -as his top two economic advisors. One of whom walked off with $90 million while driving Fannie Mae into the ground, the other of whom also helped drive it into the ground and made sure he walked off with tens of millions before moving over to Lehman to drive that company into bankruptcy too. But no fear - he made sure he got tens of millions from that company too.

    Oh sure, the FAR more important story is about someone who was an employee of an advertising/lobbying firm that was paid by Fannie Mae to lobby Congressmen over the CEOs who actually drove it into bankrupticy and made sure they got out with a heck of a lot more money than what they were paying this firm for lobbying services while they did it. Thank God for Newsweek. Now I know -all these problems stem from a single employee of an advertising firm that was paid to lobby Congressmen who give them access even though they don't have to -and that firm (not the lobbyist who worked for the firm) still didn't get paid anywhere in the neighborhood of what other lobbying firms get from many other companies from around the world are paying. And it had nothing to do with the CEOs whose poor judgment and actions actually brought these companies to their knees. LOL And they say the media is biased in favor of Democrats. I have no idea why....
     

Share This Page