Posted on 09/24/2008 10:01:04 AM PDT by SeafoodGumbo
I’ll be over here waiting for the NYT to report that David Gregory’s (NBC/MSNBC) wife worked for Fanny Mae till a week ago.
It makes a very interesting comparison to look at the polite, measured, but firm language in the McCain press releases compared to the tirades from Obama calling people “liars” and “smear merchants”.
You can see which candidate is presidential and which is the angry adolescent.
I was amazed that they did away with the uptick rule last year. It was the rule designed after the crash of 1929 to keep bear raids from demolishing a struggling company overnight, at the time, specifically banks. Getting rid of that rule would be a short sellers dream, especially a large organized group like the one Anthony Elgindy ran, or market maker/extortionists like the Fiero brothers.
Chris Cox was not a good choice for cleaning up the Toon crash.
Now they are a parody of a news organization. The National Enquirer has more credibility than that rag.
LOL.
I like the copy... “Unamed American Colonist sources who spoke on condition of anonymity...”, that had me rolling.
The Slimes has just issued a rebuttal:
Source: McCain aide’s firm paid by Freddie Mac
By THE ASSOCIATED PRESS
Published: September 24, 2008
Filed at 2:03 p.m. ET
WASHINGTON (AP) — Almost up until the time it was taken over by the government in the nation’s financial crisis, one of two housing giants paid $15,000 a month to the lobbying firm of John McCain’s campaign manager, a person familiar with the financial arrangement says.
The money from Freddie Mac to the firm of Rick Davis is on top of more than $30,000 a month that went directly to Davis for five years starting in 2000.
The $30,000 a month came from both Freddie Mac and Fannie Mae, the other housing entity now under the government’s control because of the nation’s financial crisis.
All the payments were first reported by The New York Times, which posted an article Tuesday night revealing the $15,000 a month to the firm of Davis Manafort. The newspaper quoted two people with direct knowledge of the arrangement.
On Wednesday, the campaign of McCain’s Democratic presidential rival, Barack Obama, accused Davis and the McCain campaign of not telling the truth about Davis’ continuing financial relationship with Freddie Mac.
Campaign spokesman Dan Pfeiffer said it was troubling that Davis’ firm ‘’continued to be compensated by Freddie Mac until as recently as last month, but that the firm did little work and apparently was being paid simply to provide access to the McCain campaign.’’
The McCain campaign said the $15,000 a month went to Davis’s firm, not to Davis.
‘’Mr. Davis has received no salary or compensation ... no profit or partner distributions ... neither has Mr. Davis received any equity in the firm based on profits derived since his financial separation’’ from the firm in 2006, the campaign said in a statement posted on its Web site.
In that statement, the McCain campaign mischaracterized what the Times reported, alleging that the Times story said Davis was paid by Freddie Mac. In fact, the newspaper said that Freddie Mac paid Davis’s firm.
A person familiar with the contract says the $15,000 a month in payments to Davis’ firm started around the end of 2005 and continued until the past month or so. The person spoke to The Associated Press on condition of anonymity.
Freddie Mac and Fannie Mae paid Davis $30,000 a month after recruiting him to run a newly created group, the Homeownership Alliance. The five years of payments followed McCain’s failed bid for the presidency in 2000.
The connection between Davis and the housing giants that figure centrally in the global financial crunch emerged after the McCain campaign unleashed a sharp attack on Obama.
McCain has tied Obama to Fannie and Freddie’s troubles and has called on Jim Johnson and Franklin Raines — both Obama supporters and former Fannie Mae executives — to return large golden parachute payments they received from the corporations after leaving.
McCain’s campaign released a new television ad that says Raines is among those advising Obama on housing policy.
Obama’s campaign released a statement from Raines, who says he is not an Obama adviser.
Robert McCarson, a former spokesman for Fannie Mae, criticized the McCain campaign’s attack on Obama, given the five years of payments to Davis.
‘’It’s either idiocy or hubris’’ on the McCain campaign’s part, McCarson, a Democrat, said in an interview.
ping
Robert McCarson, a former spokesman for Fannie Mae, criticized the McCain campaign’s attack on Obama, given the five years of payments to Davis.
‘’It’s either idiocy or hubris’’ on the McCain campaign’s part, McCarson, a Democrat, said in an interview.
The connection between Davis and the housing giants that figure centrally in the global financial crunch emerged after the McCain campaign unleashed a sharp attack on Obama.
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