Wednesday, September 24, 2008

More McCain Lies and Hypocrisy

When it was revealed on Monday that John McCain's campaign manager Rick Davis was on Freddie Mac's payroll -- even as McCain was criticizing Obama for having had, earlier in the year, a Freddie Mac executive as an advisor -- John McCain said that Davis hadn't worked for Freddie mac for years.

Now we find out that in fact Davis was paid by Freddie Mac precisely because of his influence with John McCain right up until this August:

One of the giant mortgage companies at the heart of the credit crisis paid $15,000 a month from the end of 2005 through last month to a firm owned by Senator John McCain’s campaign manager, according to two people with direct knowledge of the arrangement.

The disclosure undercuts a remark by Mr. McCain on Sunday night that the campaign manager, Rick Davis, had 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 two people said.

More straight talking, right?