Sunday, September 21, 2008

McCAIN'S CAMPAIGN MANAGER WAS A MAJOR LOBBYIST FOR MORTGAGE GIANTS!

That would be Rick Davis. Seems Freddie Mac and Fannie Mae paid him TWO MILLION FREAKING DOLLARS to fight regulations. The New York Times has the story here. Excerpt:

...several current and former executives of the companies came forward to discuss the role that Rick Davis, Mr. McCain’s campaign manager and longtime adviser, played in helping Fannie Mae and Freddie Mac beat back regulatory challenges when he served as president of their advocacy group, the Homeownership Alliance, formed in the summer of 2000. Some who came forward were Democrats, but Republicans, speaking on the condition of anonymity, confirmed their descriptions.

“The value that he brought to the relationship was the closeness to Senator McCain and the possibility that Senator McCain was going to run for president again,” said Robert McCarson, a former spokesman for Fannie Mae, who said that while he worked there from 2000 to 2002, Fannie Mae and Freddie Mac together paid Mr. Davis’s firm $35,000 a month. Mr. Davis “didn’t really do anything,” Mr. McCarson, a Democrat, said.

Mr. Davis’s role with the group has bubbled up as an issue in the campaign, but the extent of his compensation and the details of his role have not been reported previously.

You know, folks, with McCain, you don't know what to be more angry and disgusted with: his constant, brazen lying, his sickening hypocrisy, or his seeming assumption that Americans are so stupid and gullible that they'll simply swallow his BS. This latest revelation is just another in a long line of incidents that reveal the McCain team's dishonesty and McCain's utter unfitness for office.

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