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Wednesday, September 24, 2008

uh - oh

someone is fibbin'. is it the grey lady or is it the mccain campaign? hmmmmmmmmmmm

NYT: McCain lied about campaign manager Rick Davis' ties to Fannie and Freddie
John Aravosis (DC)

A rather thick article from the NYT, but the gist of it is that McCain on Sunday night said that his campaign manager, Rick Davis, who was paid $2m by Fannie and Freddie to help keep them deregulated, had nothing to do with either group since he left their employ in 2005. Not true, we learn, via the NYT.
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. The disclosure contradicts a statement Sunday night by Mr. McCain that the campaign manager, Rick Davis, 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 people said.

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. 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....

Freddie Mac’s roughly $500,000 in payments to Davis & Manafort began immediately after Freddie Mac and Fannie Mae in late 2005 disbanded an advocacy coalition that they had set up and hired Mr. Davis to run, the people familiar with the arrangement said...............

4 comments:

Anonymous said...

At this point they just don't care about lying. It's not hurting them in the polls to say whatever they feel like saying .. . McCain hasn't said a truthful word in months, yet he's still in a competitive, tight race. The American public is conditioned to accept his dishonesty as the cost of politics.

Unknown said...

i found someone who is voting for mccain/palevil! it's MY BOSS. my friend "m" and i were just sitting there mindin' our own bid-nez when 'k' made a crack about dodd (as in dodd single handedly caused the breakdown of our entire economic system. this was early this morning well before MOST people got in (thank the goddess). both 'm' and i are passionate peeps. we both told 'k' if he'd tell us WHY he was going to vote for mcevil, we'd hold our tongues. what he said was he made up his mind EIGHT YEARS AGO to vote for mccain. he thought he was an honorable man. i said perhaps 8 years ago he WAS an honorable man but he sure as shite wasn't one now. oh we talked a bit and both 'm' and i kept pointing our fingers at 'k'. none of us screamed mind you. no, not even me.

i still don't get it rick

Anonymous said...

unbelievable.

Unknown said...

and he was serious, he made his mind up 8 years ago! how odd is that?

and 'k' is NOT a stupid man either. well in most cases he's not