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A Freddie Mac Money Trail Catches Up With McCain
NEWSWEEK ^ | Sep 27, 2008 | Michael Isikoff and Holly Bailey

Posted on 09/27/2008 5:07:06 PM PDT by calcowgirl

Few advisers in John McCain's inner circle inspire more loyalty from him than campaign manager Rick Davis. McCain and his wife, Cindy, credit the shrewd, and sometimes volatile, Republican insider with rescuing the campaign last year when it was out of money and on the verge of collapse. As a result, McCain has always defended him—even when faced with tough questions about the foreign lobbying clients of Davis's high-powered consulting firm. "Rick is a friend, and I trust him," McCain told NEWSWEEK last year.

Last week, though, McCain's trust in Davis was tested again amid disclosures that Freddie Mac, the troubled mortgage giant that was recently placed under federal conservatorship, paid his campaign manager's firm $15,000 a month between 2006 and August 2008.

(Excerpt) Read more at newsweek.com ...


TOPICS: Government; News/Current Events; Politics/Elections
KEYWORDS: bailout; fanniemae; freddiemac; isikoff; lobbyists; manafort; mccain; mccaintruthfile; rickdavis
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1 posted on 09/27/2008 5:07:07 PM PDT by calcowgirl
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To: calcowgirl

Looks like the MSM is hot on the trail of the cause of the financial meltdown: Republicans!


2 posted on 09/27/2008 5:08:30 PM PDT by Mad_Tom_Rackham ("The land of the Free...Because of the Brave")
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To: calcowgirl

Give me a break!!!! These two morons are clueless. Geesh! No wonder the best they can do in life is work for Newsweak!


3 posted on 09/27/2008 5:10:56 PM PDT by FlingWingFlyer (When Republicans do it, it's "corruption." When DemocRATS do it, it's a financial crisis.)
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To: calcowgirl

Lies and damned lies

This was debunked when the NYSlimes reported it, so now Newsweak will give it a try.


4 posted on 09/27/2008 5:11:34 PM PDT by Carley (she's all out of caribou.............but does have a bracelet!!!!)
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To: calcowgirl
One senior McCain adviser said the entire flap could have been avoided if the campaign had resisted attacking Barack Obama for his ties to two former Fannie Mae executives, which prompted the media to take a second look at Davis. "It was stupid," the adviser said. "

Amazing, that fact that the media is looking at Davis because McCain campaign pointed out the Obama conflict of interest.

5 posted on 09/27/2008 5:12:10 PM PDT by Popman (McCain as POTUS is odious, Obama as POTUS is unthinkable.)
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To: calcowgirl
And Jim Johnson the CEO that ran Fannie Mae into the ground on Obama’s team?

Move along, nothing to see here.

Newsweek has been in the tank a LONG time.

6 posted on 09/27/2008 5:20:16 PM PDT by Mikey_1962 (Obama: The Affirmative Action Candidate)
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To: calcowgirl

And where is the report that Obama’s campaign has directly received over $48.000 per year from Fannie Mae? Newsweek is straining at a gnat and swallowing a donkey. If we are going to compare the money that campaign advisers have received, Obama’s adviser Franklin Delano Raines received over $90M in six years.


7 posted on 09/27/2008 5:20:19 PM PDT by Bertram3 (Affirmative action does not fix racism. Affirmative action IS racism)
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To: calcowgirl

Remarkably, the $126,000 in Fannie Mae donations to the Obama campaign go completely unmentioned.

This is really getting tedious. The only thing that was missing from this story was an Obama voiceover telling us that he approves of it.


8 posted on 09/27/2008 5:21:24 PM PDT by denydenydeny ("[Obama acts] as if the very idea of permanent truth is passe, a form of bad taste"-Shelby Steele)
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To: denydenydeny

What else was missing is tha fact that Davis has been on a leave of absence from the firm and is not drawing any salary or compensation.


9 posted on 09/27/2008 5:23:29 PM PDT by JrsyJack
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To: calcowgirl

I’ll give you credit girl, you’re consistent.......against McCain. LOL


10 posted on 09/27/2008 5:23:45 PM PDT by BARLF
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To: calcowgirl

Isikoff proves himself to be a joke once again.


11 posted on 09/27/2008 5:24:13 PM PDT by HokieMom (Pacepa : Can the U.S. afford a president who can't recognize anti-Americanism?)
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To: Mad_Tom_Rackham

Yep and “deregulation” is how the Republicans caused this mess.


12 posted on 09/27/2008 5:25:51 PM PDT by TruthWillWin
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To: Carley

Call the McCain truth squad./s


13 posted on 09/27/2008 5:26:07 PM PDT by sweetiepiezer (WHO NEEDS OPRAH!!!!!)
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To: calcowgirl

With all the ties between the Democrats and Freddi and Fannie and this is the best that Newsweak can come up with?


14 posted on 09/27/2008 5:26:43 PM PDT by MarkeyD (Not In My Name! Palin turned me. McCain turned me off.)
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To: Mad_Tom_Rackham

Yeah, Freddie paid McCain’s campaign manager’s FIRM, so much money. Probably paid his cousin’s, mother in law’s, neighbor, some money too...oh no!

HOW many MILLIONS of dollars did Obama Campagin employees, Jim Johnson and Frank Raines, former CEO’s of FANNIE MAE get when they left the troubled financial giant? Did they answer that question? Did they answer why Obama got 5X more money: $500,000 from Fannie Mae?

Just leftist democratic propaganda.


15 posted on 09/27/2008 5:27:51 PM PDT by tuckrdout (~ 'Those who hammer their guns into plows, will plow for those who don't.' ~)
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To: Mikey_1962

And so was Frank Raines, who also works for Obama.


16 posted on 09/27/2008 5:28:23 PM PDT by tuckrdout (~ 'Those who hammer their guns into plows, will plow for those who don't.' ~)
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To: calcowgirl

Funny how you can tell from the thread title that it is from an MSM source. No MSM headline would ever knit Obama’s brow.


17 posted on 09/27/2008 5:28:45 PM PDT by Plutarch
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To: calcowgirl

Regurgitated old news. Posted and debunked days ago but somehow I think you knew that.


18 posted on 09/27/2008 5:39:00 PM PDT by lewislynn (What does the global warming movement and the Fairtax movement have in common? Disinformation)
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To: Carley

It’s amazing. There are people on FR who never post anything about Obama, just about McCain, Rudy, and Lieberman. I sometimes wonder what they are up to.


19 posted on 09/27/2008 5:39:50 PM PDT by Perdogg (Vice President Sarah H Palin - Make it happen !!!!)
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To: calcowgirl

Top Recipients of Fannie Mae and Freddie Mac Campaign Contributions:

1. Dodd, Christopher D-CT $133,900
2. Kerry, John D-MA $111,000
3. Obama, Barack D-IL $105,849
4. Clinton, Hillary D-NY $75,550

They won’t report this, will they?


20 posted on 09/27/2008 5:40:54 PM PDT by GeeMoney (Hey Obama, it's God BLESS America!)
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