Wednesday, September 24, 2008

McCain Aide's Firm Was Paid by Freddie Mac

by: Jackie Calmes and David D. Kirkpatrick, The New York Times

Rick Davis, manager of the McCain campaign, has deep, ongoing ties to the mortgage firm Freddie Mac, which was recently bailed out by the taxpayers - a fact that McCain himself has previously denied. (Photo: Charles Dharapak / AP)
Washington - 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 statement by Mr. McCain on Sunday night that the campaign manager, Rick Davis, had had no involvement with the company for the last several years.

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