Tell me again how John McCain isn’t part of the problem

by lestro

oh, Johnny Mac, you may not be able to lift your arms above your head, but you have proven more than adept at putting your foot in your mouth:

One of the giant mortgage companies at the heart of the credit crisis paid $15,000 a month to a firm owned by Senator John McCain’s campaign manager from the end of 2005 through last month, according to two people with direct knowledge of the arrangement. The disclosure contradicts a statement Sunday night by Mr. McCain that the campaign manager, Rick Davis, 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 people said.

oops. Quick! backtrack!

They said they did not recall Mr. Davis doing much substantive work for the company in return for the money, other than speak to a political action committee composed of high-ranking employees in October 2006 on the coming midterm congressional elections.

So, they spent $15,000 a month on a guy who didn’t do anything for them? I think I am beginning to understand this fiscal crisis better.

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