Senators Dodd and Frank are stalling on a problem they helped create and I'm left wondering if it's just the Democrats trying to sabotage the economy or are they trying to cover their asses. Fannie Mae paid them both off quite well.
You mean they paid and STILL DO influence McCain though his campaign manager ..
McCain is also busy trying to figure out what to do with his campaign manager
.. I don't blame him for wanting to skip the debates ..
Regulatory filings indicate that McCain campaign chief Rick Davis remains an officer with his lobbying firm.
Rick Davis, John McCain's campaign manager, has remained the treasurer and a corporate director of his lobbying firm this year, despite repeated statements by campaign officials that he had ended his relationship with the firm in 2006, according to corporate records.
The McCain campaign this week criticized news stories disclosing that, since 2006, Davis's firm has been paid a $15,000-a-month consulting fee from Freddie Mac, the troubled mortgage giant recently put under federal conservatorship. The stories, published Tuesday by NEWSWEEK, The New York Times and Roll Call, reported that the consulting fees continued until last month even though, according to two sources familiar with the arrangement, neither Davis nor anybody else at his firm did any substantial work for the payments. .....
There is nothing illegal about getting money from a PAC since it is just a group of grassroots people. On the other hand, if you talk about getting money from the actual people that have influence in a company .. that would be John McCain!! (see below). The big thing about the latest news is that McCains campaign manager STILL works as a lobbyist and gets money from Fannie Mae. This is a conflict of interest to be a politician and have a Fannie Mae lobbyist on your payroll - not good at all especially with the false claims of John McCain.
Everyone knows that campaign donations did not sink the economy. For that matter McCain is the recipient of 10 times more campaign donations than Obama when it comes to the top CEO's.
The bulk of Obama's campaign money came from grassroots individuals. In this case EMPLOYEES of those companies donated more to Obama BUT the people who run the company (directors, lobbyists, etc) gave more to McCain. Here are "truer words"Fact Check: Did Obama 'profit' from Fannie and Freddie?
http://politicalticker.blogs.cnn.com/2008/09/19/fact-check-did-obama-profit-from-fannie-and-freddie/The New York Times has published a separate list looking at contributions from "directors, officers, and lobbyists for Fannie Mae and Freddie Mac" for the 2008 campaign cycle. That list — using figures from the Federal Election Commission — shows McCain receiving $169,000, while Obama received only $16,000.
Partially true, but misleading. Donations don't come from companies. A list of employee contributions puts Obama second, but a different list including lobbyists and directors shows McCain getting more.
Not that it is wrong to receive campaign contributions and granted Obama has never claimed not to take contributions, but McCain received 10 times as much contributions from top CEO's as Obama ..http://thehill.com/campaign-2008/top-ceos-give-10-times-more-to-mccain-than-to-obama-2008-08-15.html