Dominating the headlines this morning is a New York Times report about McCain campaign manager and lobbyist Rick Davis’ ties to Fannie Mae and Freddie Mac. No, this is not a repeat. While the Times’ original reporting had Davis on the mortgage giants’ payroll until 2005, the new report finds that, after that arrangement ended, Davis’ firm received $15,000 a month from Freddie Mac until last month – when a federal takeover brought its lobbying to an end.
While the money went to Davis’ firm, it was really all about Davis himself, and his closeness to John McCain: “No one at Davis & Manafort other than Mr. Davis was involved in efforts on Freddie Mac’s behalf, the people familiar with the arrangement said.”
As recently as Sunday, McCain had claimed Davis’ connection to Freddie Mac ended years ago.
Davis isn’t the only one of McCain’s Lobbyists under the microscope. The Chicago Tribune’s Andrew Zajac has been taking an exhaustive look at Charlie Black’s ties to a Russian think tank with ties to Vladimir Putin – here’s his latest report.
A key line in Zajac’s piece quietly attacks the McCain camp’s assertion that since Black, Davis and company are former lobbyists, there’s nothing wrong with their influential campaign positions: “It beggars belief that his retirement marks a departure from the Washington influence business for Black, since he retains other business interests at the juncture of the private sector and the federal government and he remains a prince of the capital’s permanent government.
Meanwhile, the New York Times’ Michael Luo looks at the work of bundlers who once backed Hillary Clinton and their efforts to do the same for Barack Obama, even as some of those donors are feeling the impact of the recent market meltdown.
Hot on the heels of a new Obama ad on McCain’s support of insurance companies headquartered in Bermuda, the Wall Street Journal’s T.W. Farnam notes the financial support those firms have given McCain: “A few months after Sen. McCain’s visit there, top insurance executives held a fund-raiser on the island that netted an estimated $50,000. Since then, Sen. McCain has raised an additional $70,000 from employees of Bermudan insurers. Sen. Obama, in contrast, has gotten $12,500 in total from employees of those companies.”
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