McCain's Campaign Mgr. Davis' Firm STILL on Freddie Mac Payroll

[NYCGirl]

But they're going to stop it real soon! They promise!

:evilgrin:

http://www.rollcall.com/news/28629-1.html?ET=rollcall:e2691:80069360a:&st=email

The lobbying firm of Rick Davis, Sen. John McCain’s (R-Ariz.) campaign manager, remains on the payroll of mortgage giant Freddie Mac, according to two sources with knowledge of the arrangement.

The firm, Davis Manafort, has collected $15,000 a month from the organization since late 2005, when Freddie Mac and Fannie Mae dissolved a five-year-old advocacy group that Davis earned nearly $2 million leading, the sources said.

The relationship is coming to an end, however, as Fannie and Freddie’s new federal caretaker zeroes out its contracts with political consultants.

“All lobbying activity has stopped, and all political consulting contracts at Fannie Mae and Freddie Mac are in the process of being terminated,” said Stefanie Mullin, a spokeswoman for the Federal Housing Finance Agency, which assumed control of the troubled mortgage giants earlier this month.

The news comes in the wake of a Monday report in the New York Times detailing Davis’ work for the mortgage companies that sparked an aggressive response from the McCain campaign. That report suggested that Davis Manafort ended its work for the companies once they decided to shutter the advocacy group, called the Homeownership Alliance.

Fannie Mae terminated its relationship with the firm after the Homeownership Alliance disbanded, company spokeswoman Amy Bonitatibus said.

Davis Manafort has remained on Freddie Mac’s payroll, however, although it is not clear what work Davis Manafort has performed in order to earn its paycheck.

[iceman66]

1. Why am I not surprised?

[Overseas]

2. Republican ethics at work.. //nt

[kirby]

3. So does that mean he now works for the Gov't and

is violating the Hatch Act? n/t

[NYCGirl]

4. Interesting way to look at it. NT

[NYCGirl]

5. kick