One of the huge 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 a report in the New York Times today.
The paper says "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."
Both Mr. McCain, the Republican presidential candidate, and Democratic nominee Barack Obama have been slamming the two companies and the hordes of lobbyists that helped them stave off regulation and buy up so many risky mortgages in recent years.
Both also have donors and advisers who are tied to the companies.
McCain's camp upped the ante this month by linking Obama to the mortgage giants by saying he is close with Fannie Mae's former chief executive, Franklin Raines. Both Raines and the Obama campaign dispute that.
categories: Morning Report, Politics
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