Loan titans paid McCain aide nearly $2 million

[radfringe]

Loan titans paid McCain aide nearly $2 million
Officials: Campaign manager hired to help Freddie Mac and Fannie Mae
By David D. Kirkpatrick and Charles Duhigg
updated 2:56 a.m. ET, Mon., Sept. 22, 2008


Rick Davis, campaign manager for Republican presidential candidate
John McCain, speaks at a press conference at
the at the River Center on August 31 in St. Paul, Minnesota.


Senator John McCain’s campaign manager was paid more than $30,000 a month for five years as president of an advocacy group set up by the mortgage giants Fannie Mae and Freddie Mac to defend them against stricter regulations, current and former officials say.

---snip---

Incensed by the advertisements, 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.

'Didn’t really do anything'
“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.

[bpcmxr]

1. Link? n/t

[pnwmom]

3. I just found this in the NYTimes.

http://www.nytimes.com/2008/09/22/us/politics/22mccain.html?em

[bpcmxr]

5. Thanks! n/t

n/t

[pnwmom]

2. Interesting! Do you have link? n/t

[AzDar]

4. And I christen thee : Deregulating Rick! Now, go forth and screw the

Taxpayers mightily!

Huzzah!