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McCain's campaign manager receiving money from Freddie Mac

post #1 of 15
Thread Starter 
http://www.newsweek.com/id/160561/output/print

Quote:
Since 2006, the federally sponsored mortgage giant Freddie Mac has paid at least $345,000 to the lobbying and consulting firm of John McCain's campaign manager Rick Davis, according to two sources familiar with the arrangement.

Freddie Mac had previously paid an advocacy group run by Davis, called the Homeownership Alliance, $30,000 a month until the end of 2005, when that group was dissolved. That relationship was the subject of a New York Times story Monday, which drew angry denunciations from the McCain campaign. McCain and his aides have vehemently objected to suggestions that Davis has ties to Freddie Mac—an especially sensitive issue given that the Republican presidential candidate has blamed "the lobbyists, politicians and bureaucrats" for the mortgage crisis that recently prompted the Bush administration to take over both Freddie Mac and its companion, Fannie Mae, and put them under federal conservatorship.

But neither the Times story—nor the McCain campaign—revealed that Davis's lobbying firm, Davis Manafort, based in Washington, D.C., continued to receive $15,000 a month from Freddie Mac until last month—long after the Homeownership Alliance had been terminated.
McCain has made an issue of the relationship between some of Obama's supporters and Fannie and Freddie.
post #2 of 15
and obama, is the second highest, on the list of people that that got the money.
post #3 of 15
CC12 in all fairness shouldn't you post that Obama has taken quite a bit of $$$$ from Fannie/Freddie?

Like many have said, both political parties are to blame along with the American
public.

How does the finger pointing help solve this crisis CC12?
post #4 of 15
Nice, a thread title making something out of nothing.

Why do people have so much trouble disassociating people from who they used to work for (the FIRM got money, not Davis directly) yet can completely disavow someone going to a church for 20 years with a radical minister who preaches hate and racism?

I just don't understand. If you read the article, you see that he accepted no money and hasn't had association with the firm in 3 years. How can anyone think that this has anything to do with anything?
post #5 of 15
Quote:
Originally Posted by neetanddave View Post
Nice, a thread title making something out of nothing.

Why do people have so much trouble disassociating people from who they used to work for (the FIRM got money, not Davis directly) yet can completely disavow someone going to a church for 20 years with a radical minister who preaches hate and racism?

I just don't understand. If you read the article, you see that he accepted no money and hasn't had association with the firm in 3 years. How can anyone think that this has anything to do with anything?
Is just a tad bit confusing, isn't it?
post #6 of 15
Thread Starter 
It becomes an issue when McCain said Davis had nothing to do with Freddie Mac and come to find out he did. He did receive money from them.
Rick Davis got 15,000 dollars a month from them. It would not make sense that his company would make a profit and not him.

What makes this important was the allegations that McCain lobbed at Obama about Freddie Mac meanwhile HIS campaign manager was an actual close tie not a fictitious one.

imp-I am not talking about campaign contributions. I am talking about consulting fees.
post #7 of 15
Did McCain receive any money from Freddie/Fannie like Obama did?
post #8 of 15
oh oh

http://www.riehlworldview.com/carniv...-pritzker.html

More finger pointing. And what has been accomplished by this?

We can go back and forth on this, all the while, nothing is being done.
post #9 of 15
Well, the Rick Davis argument just went out the window.

http://www.johnmccain.com/mccainrepo...6-53c0c2d88376
post #10 of 15
Awwww..... they'll have to move along to something else then....
post #11 of 15
Thread Starter 
It is true. His firm received 15,000 dollars a month in payment to his consulting firm until last month when the government tookover. His campaign had people from Fannie and Freddie. This would not be such a story if he had not accused Obama of what he himself was doing. McCain has 26 advisors and lobbyist in his campaign for Freddie and Fannie.

http://www.tucsoncitizen.com/daily/b...news/97609.php

http://blog.newsweek.com/blogs/stump...omeranged.aspx
post #12 of 15
Quote:
Originally Posted by CC12 View Post
It is true. His firm received 15,000 dollars a month in payment to his consulting firm until last month when the government tookover. His campaign had people from Fannie and Freddie. This would not be such a story if he had not accused Obama of what he himself was doing. McCain has 26 advisors and lobbyist in his campaign for Freddie and Fannie.

http://www.tucsoncitizen.com/daily/b...news/97609.php

http://blog.newsweek.com/blogs/stump...omeranged.aspx
Did you even read my link, he hasn't worked there since 2006.

Good grief, more important things are going on right now, how does this finger pointing help?


Quote:
Today the New York Times launched its latest attack on this campaign in its capacity as an Obama advocacy organization. Let us be clear about what this story alleges: The New York Times charges that McCain-Palin 2008 campaign manager Rick Davis was paid by Freddie Mac until last month, contrary to previous reporting, as well as statements by this campaign and by Mr. Davis himself.

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.
post #13 of 15
Quote:
Originally Posted by neetanddave View Post
Awwww..... they'll have to move along to something else then....

hmm nope, they wont.
post #14 of 15
Thread Starter 
Quote:
Originally Posted by ckblv View Post
Did you even read my link, he hasn't worked there since 2006.

Good grief, more important things are going on right now, how does this finger pointing help?
http://www.newsweek.com/id/160713

It is very important to understand who McCain surrounds himself with. Who is advising him. It is not true that he cut ties in 2006. He is still listed as having ties there as recently as last month. McCain's campaign can spin it all they want but the files show what they show.
post #15 of 15
I think differently and will believe McCain before Newsweek.

This entire lie by Newsweek does nothing to help anything.
There were many Dems involved in Countrywide, so what? How does that help resolve anything. All fingerpointing does is stall the resolution.
I think people need to knock it off and get to fixing it. And go after the bad guys later.
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