McCain Transition Head Lobbied for Freddie Mac Before Takeover

[kpete]

Source: Bloomberg

McCain Transition Head Lobbied for Freddie Mac Before Takeover

By Jonathan D. Salant and Timothy J. Burger
Enlarge Image/Details

Sept. 23 (Bloomberg) -- The lobbying firm of the man Republicans say John McCain has chosen to begin planning a presidential transition earned more than a quarter of a million dollars this year representing Freddie Mac, one of the companies McCain blames for the nation's financial crisis.

Timmons & Co., whose founder and chairman emeritus is William Timmons Sr., was registered to lobby for Freddie Mac from 2000 through this month, when the federal government took over both Freddie Mac and Fannie Mae.

Newly available congressional records show Timmons's firm received $260,000 this year before its lobbying activities were barred under terms of the government rescue of the failed mortgage giant. Timmons, 77, is listed as a lobbyist for Freddie Mac on the company's midyear financial-disclosure form.

While Republicans say Timmons is making plans for the transition if McCain wins in November, the campaign wouldn't confirm his role. Timmons didn't return a phone call seeking comment.

Read more: http://www.bloomberg.com/apps/news?pid=20601070&sid=aQIOOr9klOnE&refer=politics

[radfringe]

1. last count - mccain has 83 - count'em -83 lobbyists working for him

http://www.youtube.com/watch?v=68x7HRQGyYc

[Whoa_Nelly]

2. And McSame has a false commercial obliquely tying Obama to those mortgage thugs

I think it's a 527 ad. Just saw it yesterday, and the "documentation" of the "facts" linking Obama to the mortgage mess are some less than half a second displayed headlines that actually apply to McCain, not Obama. :grr:

[liberal N proud]

3. And they are the one running the add claiming Obama has ties to Raines

This is just getting to fucking bazaar

[Democat]

4. Obama should put this in the ads now!

McCain is on the attack on this issue, trying to blame it on Obama - Obama should brutally attack McCain on this issue in advertising. Tie McCain to the collapse of the US economy and win!