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APHousing giant dropped meeting with McCain adviser
By PETE YOST – 7 hours ago
WASHINGTON (AP) — Last March, a consultant to Freddie Mac arranged a meeting between the top economist in John McCain's campaign and Hollis S. McLoughlin, a prominent Republican and top executive at the failing housing giant that is central to the nation's credit crisis.
The scheduled meeting with McCain economic adviser Douglas Holtz-Eakin never took place because a number of Freddie Mac executives objected that it would have been inappropriate, according to three people familiar with the episode.
The executives pointed out to McLoughlin that there was no such outreach to the campaigns of Democratic candidates, said the three people, who spoke on condition of anonymity.
The consultant who arranged the meeting, Harry Clark, is the founder of a Washington lobbying firm.
Out of a special account that McLoughlin controls, the Freddie Mac executive has been paying Clark more than $10,000 a month. McLoughlin has been using the same account to pay $15,000 a month to the lobbying firm of Rick Davis, McCain's campaign manager, according to the three people.
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