From the New York Times:
McCain Aide’s Firm Was Paid by Freddie Mac
WASHINGTON — One of the giant mortgage companies at the heart of the credit crisis paid $15,000 a month from the end of 2005 through last month to a firm owned by Senator John McCain’s campaign manager, according to two people with direct knowledge of the arrangement.
The disclosure undercuts a remark by Mr. McCain on Sunday night that the campaign manager, Rick Davis, had 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 two people said.
The article goes on to say that Davis took a leave from the firm, and that he didn't do much real work for Freddie Mac, but the money was rolling into the firm, and he received income from the firm. Nice deal if you can get it.
Meanwhile, McCain criticizes Obama for his ties to lobbyists.
I heard this story last night on Rachel Maddow's show. I'd say that Rachel's off to a good start, although I would hardly call her coverage balanced. She's MSNBC's answer to Faux News. She may be biased, but, at least, she seems committed to telling the truth. She is quite a talented and attractive anchor.
Ah, but the truth has a well-known liberal bias.
ReplyDeleteThe majority of governmental program success stories were espoused and created by liberals.
Rachel is great, and we can only hope that her ratings continue to stay high.
Ah, but the truth has a well-known liberal bias.
ReplyDeleteCWS, of course, I agree. I thorougly enjoy Rachal's show. MSNBC gave her a good tryout on Olbermann's Countdown before they signed her on. I never much liked Dan Abrams, the anchor that she replaced. I wonder how he felt about losing his time.