Freddie Mac Paid McCain Campaign Manager's Firm Through last Month

more: http://www.huffingtonpost.com/2008/09/23/freddie-mac-paid-mccain-c_n_128770.html

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Freddie Mac Paid McCain Campaign Manager's Firm Through last Month
Huffington Post | Nicholas Graham | September 23, 2008 08:21 PM


Two reports tonight, one from the New York Times, and the other from Newsweek, contradict John McCain's statement this week that his campaign manager Rick Davis had no involvement with mortgage giant Freddie Mac for the last several years. The Times reports:

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...