McCain Campaign Manager Paid By Fannie Mae As Recent As Last Month

6:52 pm EST September 23rd, 2008 | News | 7 Comments

The McCain campaign makes the unusual step of being bought off in advance by having an inside man in McCain campaign manager Rick Davis.

One of the giant mortgage companies at the heart of the credit crisis paid $15,000 a month to a firm owned by Senator John McCain’s campaign manager from the end of 2005 through last month, according to two people with direct knowledge of the arrangement. The disclosure contradicts a statement Sunday night by Mr. McCain that the campaign manager, Rick Davis, 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 people said.

And John McCain lied again.

On Sunday, in an interview with CNBC and the New York Times, Mr. McCain responded to a question about Mr. Davis’s role in the advocacy group by saying that his campaign manager “has had nothing to do with it since, and I’ll be glad to have his record examined by anybody who wants to look at it.”

Well, either that or McCain is incompetent and doesn’t know about his staff’s side business that he would stand to have sway over in his position as a senator or in the unfortunate chance he was elected president.

I wonder if Rick Davis’ name will come up in the FBI investigation?

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7 Responses to “McCain Campaign Manager Paid By Fannie Mae As Recent As Last Month”

  1. Duros Hussein62 says:
    September 23, 2008 at 8:47 pm

    See the difference, all you J’s? When Obama finds out you work for a lobbyist, you’re fired. When McCain finds out, you get to sit next to him at the barbecue.

  2. Jaim says:
    September 23, 2008 at 9:29 pm

    McCain: A big part of the economic problem. The people who fucked up Wall Street and the housing market are his good buddies. He’s the ultimate insider.

    We need change. McCain ain’t it.

  3. jr says:
    September 23, 2008 at 10:13 pm

    Carol McCain should have become a lobbyist

  4. C.S.Strowbridge says:
    September 24, 2008 at 1:12 am

    I have a question… Is this playing across kitchen tables? By that I mean is it resonating with the average voter, or is this still just a political pundit circle jerk?

    I can’t imagine a lot of swing voters would be impressed by McCain’s performance since the convention, but I don’t know if it is really having an effect.

  5. william says:
    September 24, 2008 at 6:48 am

    When Obama gives back the bribes he received from Fannie this line of attack will matter.

  6. JWG says:
    September 24, 2008 at 7:50 am

    Or it means that the NYT (and Oliver) are full of sh!t:

    In fact, the allegation is demonstrably false. As has been previously reported, Mr. Davis separated from his consulting firm, Davis Manafort, in 2006. As has been previously reported, Mr. Davis has seen no income from Davis Manafort since 2006. Zero. Mr. Davis has received no salary or compensation since 2006. Mr. Davis has received no profit or partner distributions from that firm on any basis — weekly, bi-weekly, monthly, bi-monthly, quarterly, semi-annual or annual — since 2006. Again, zero. Neither has Mr. Davis received any equity in the firm based on profits derived since his financial separation from Davis Manafort in 2006.

    Further, and missing from the Times’ reporting, Mr. Davis has never — never — been a lobbyist for either Fannie Mae or Freddie Mac. Mr. Davis has not served as a registered lobbyist since 2005.

  7. Duros Hussein 62 says:
    September 24, 2008 at 10:53 am

    Sure, JWG, I’m gonna take his word for it now after he’s been lying since the start.

    When Obama gives back the bribes he received from Fannie this line of attack will matter.

    Bribes? That’s a bold statement.