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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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To: calcowgirl

Old lies.


21 posted on 09/27/2008 5:41:06 PM PDT by Shortstop7
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To: BARLF

yeah, I hope cowgirl or calgirl or whatever feels really proud of herself if Obama gets in!

That’ ll show ‘em!


22 posted on 09/27/2008 5:42:01 PM PDT by Recovering Ex-hippie (GOD BLESS GEORGIA! SAVE GEORGIA, OUR ALLY, NOW!)
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To: calcowgirl

$15 grand a month over two years is $360M for services rendered. Raines took $25 million for cooking the books!


23 posted on 09/27/2008 5:42:19 PM PDT by Bushbacker1 (Kill 'em til they're dead, then kill 'em again!)
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To: calcowgirl

*YAWN*


24 posted on 09/27/2008 5:43:29 PM PDT by Diana in Wisconsin (Save The Earth. It's The Only Planet With Chocolate.)
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To: calcowgirl

Again, I ask; 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? They got a golden parachute, right into the Obama campaign!


25 posted on 09/27/2008 5:43:51 PM PDT by tuckrdout (~ 'Those who hammer their guns into plows, will plow for those who don't.' ~)
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To: calcowgirl

thats good of you to point out. If you agree with it and are so against McCain then maybe you will be happy when Obama rapes the taxpayers, guts the DOD to extend his social welfare state to the nation. You need to get a clue or get out of America.

(http://www.usnews.com/blogs/capital-commerce/2008/2/14/obamas-trillion-dollar-spending-plan.html


26 posted on 09/27/2008 5:44:25 PM PDT by tomnbeverly (America is dying your choice is to stand and fight or cut and run.)
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To: Mad_Tom_Rackham

It goes on both sides of the aisle. Davis didn’t know about it when it happened and has since stopped


27 posted on 09/27/2008 5:45:37 PM PDT by GerardKempf (Let's Get Over This)
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To: GeeMoney

Well, in all fairness, McCain DID get some. It was $862.00 if I’m remembering correctly. That’s eight hundred and sixty-two dollars. Just so we’re all clear on this point. :)


28 posted on 09/27/2008 5:45:49 PM PDT by Diana in Wisconsin (Save The Earth. It's The Only Planet With Chocolate.)
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To: All

I’ve got a secret...

If any Obama trolls are around, I suggest you tell him to throw his Fannie crew under the bus before Monday.

Trust me.


29 posted on 09/27/2008 5:45:56 PM PDT by AliVeritas (All stolen from http://directorblue.blogspot. com)
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To: AliVeritas

Is there any ROOM under that bus? At this point, it must be a double-decker, LOL!


30 posted on 09/27/2008 5:48:16 PM PDT by Diana in Wisconsin (Save The Earth. It's The Only Planet With Chocolate.)
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To: Bushbacker1

That’s $360,000 over 24 months, not 360 million.


31 posted on 09/27/2008 5:48:58 PM PDT by Styria
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To: tomnbeverly
...maybe you will be happy when Obama rapes the taxpayers, guts the DOD to extend his social welfare state to the nation

I'm not happy when any politician fleeces the taxpayers and promotes destructive policy. Are we only supposed to talk about those acts when advocated by a politician(D)?

You need to get a clue or get out of America.

You need to take your meds.

32 posted on 09/27/2008 5:49:53 PM PDT by calcowgirl ("Liberalism is just Communism sold by the drink." P. J. O'Rourke)
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To: calcowgirl
Please ignore the fact that Obama, Kerry, and Chris Dodd are numbers 1, 2, and 3 on the Fannie/Freddy campaign funds gravy train.

Sheesh. If the media were any more disingenuously Probama, they'd have to be regulated under campaign finance rules.
33 posted on 09/27/2008 5:51:25 PM PDT by Antoninus (Ignore the polls. They're meant to shape public opinion, not measure it.)
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To: lewislynn
Posted and debunked days ago but somehow I think you knew that.

No, I was gone most of last week so I didn't know that, nor have you provided evidence thereof.

34 posted on 09/27/2008 5:52:33 PM PDT by calcowgirl ("Liberalism is just Communism sold by the drink." P. J. O'Rourke)
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To: calcowgirl

Wow. Not a word on Obama’s much greater connections to Fannie Mae. No media bias there. I bet if the media discover that McCain got a parking ticket in 1960, that parking ticket will be headline news for days, represented as one of the greatest scandals in world history.


35 posted on 09/27/2008 5:52:58 PM PDT by Wilhelm Tell (True or False? This is not a tag line.)
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To: Popman
That “senior McCain advisor” who is afraid to tell folks about dirty Obama financial ties- is unprincipled and stupid and should be fired.

What say you, Senator McCain?

36 posted on 09/27/2008 5:53:01 PM PDT by silverleaf (Fasten your seat belts- it's going to be a BUMPY ride.)
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To: calcowgirl

This is ridiculous.
These out of touch journalists who clearly have no concept of how the real world works actually think that the fact that Davis’ firm was retained (but did no work) by Freddie Mac while he was not even there is somehow equivalent to 0bama hiring the very Fannie Mae CEOs who brought the whole financial industry down through their fraud and mismanagement — and he hired them after they had committed this fraud and were fired!


37 posted on 09/27/2008 5:53:05 PM PDT by counterpunch (Jim Jones was a Community Organizer)
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To: Mad_Tom_Rackham

Unbelievable! The MSM has not written one single article on just how much money Obama and the democrats have gotten from all of the corporations involved in this mess...nor how democrat policies have caused it...NOTHING!

It is going to be up to the new media to get the truth out to the American people!


38 posted on 09/27/2008 5:56:32 PM PDT by penelopesire ("The only CHANGE you will get with the Democrats is the CHANGE left in your pocket")
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To: AliVeritas
I’ve got a secret... If any Obama trolls are around, I suggest you tell him to throw his Fannie crew under the bus before Monday. Trust me.

Oooh, now that sounds interesting :)

Would it have anything to do with a two word collective noun, the first word beginning with a "g" and the second a "j"....?

39 posted on 09/27/2008 5:58:41 PM PDT by mewzilla (In politics the middle way is none at all. John Adams)
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To: calcowgirl
http://www.opensecrets.org/pres08/contrib.php?cycle=2008&cid=N00009638

Obama top contributors from opensecrets.org

Obama top contributors

40 posted on 09/27/2008 5:59:14 PM PDT by listenhillary (Community organizing has brought Wall Street to it's knees.That WAS the plan, right?)
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To: calcowgirl

Yea and? How much has Franklin Raines received and has he even admitted to being an advisor for 0bama? Is he or is he not one of the hundreds 0bama needs to breast feed him? At least we know who McCain’s advisors are.


41 posted on 09/27/2008 6:00:01 PM PDT by SpookBrat (God is good)
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To: denydenydeny

“The only thing that was missing from this story was an Obama voiceover telling us that he approves of it.”

You may have just uttered the most concise summary of this election.


42 posted on 09/27/2008 6:00:19 PM PDT by billhilly (I was republican when republican wasn't cool. (With an apology to Barbara Mandrell.))
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To: listenhillary

The UNIVERSITY of CALIFORNIA is the SECOND BIGGEST CONTRIBUTOR TO OBAMA?

DON’T THEY GET THEIR MONEY FROM STATE FUNDS?


43 posted on 09/27/2008 6:02:20 PM PDT by Mr. K (Some days even my lucky rocketship underpants don't help)
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To: listenhillary

Love it! And they’re so totally f-ed today, LOL! Great ‘investment strategy,’ Fellas! That Barry guy is paying you back in ACES.

*Shakes Head. Walks Away.*


44 posted on 09/27/2008 6:02:35 PM PDT by Diana in Wisconsin (Save The Earth. It's The Only Planet With Chocolate.)
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To: mewzilla
BTW....

Friends of Angelo get new invitations — to a federal grand jury

45 posted on 09/27/2008 6:02:59 PM PDT by mewzilla (In politics the middle way is none at all. John Adams)
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To: calcowgirl
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.


Boy, I bet some Democratic flunky is going to get his/her ears
boxed on this cock-up.

Seeing how their Freddie Mac operatives actually gave $$$ to
Republicans.

And not to some loan applicant that was a lock to be in foreclosure in
a couple of years.

This was a serious case of failing to follow the Democratic Standard
Operating Procedure for using Federal agencies for their own purposes!
46 posted on 09/27/2008 6:04:08 PM PDT by VOA
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To: calcowgirl

FYI:

http://www.freerepublic.com/focus/f-news/2091964/posts


47 posted on 09/27/2008 6:04:08 PM PDT by Diana in Wisconsin (Save The Earth. It's The Only Planet With Chocolate.)
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To: calcowgirl

Has Newsweek done anything on Franklin Raynes?


48 posted on 09/27/2008 6:06:46 PM PDT by Retired Chemist
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To: calcowgirl

Has Newsweek done anything on Franklin Raynes?


49 posted on 09/27/2008 6:06:50 PM PDT by Retired Chemist
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To: calcowgirl

Has Newsweek done anything on Franklin Raynes?


50 posted on 09/27/2008 6:06:50 PM PDT by Retired Chemist
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