The Power of Money

It is an interesting card for Senator McCain to play, given that his campaign manager, Rick Davis, was paid by Fannie Mae and Freddie Mac several hundred thousand dollars early in this decade to head up an organization to lobby in their behalf called The Homeownership Alliance. …

Davis, was president of the Homeownership Alliance, a Fannie Mae and Freddie Mac-led advocacy group which has tried to fend off regulation sought by large private banks and mortgage lenders.

from Americablog.

Obama was paid positively Senatorial amounts of cash by Fannie and Freddie. My understanding of American political financing theory is he got that because he was already a supporter of theirs, and they wanted him to continue in office (riiight). Fortunately the same logic says that Davis was only an employee, and therefore not responsible for what he did.

One Comment

  1. Posted September 21, 2008 at 7:25 pm | Permalink

    George Bush has hurt the United States of America more than Osama Bin Laden ever did. From his Failure to Avenge America from 9/11 to his incompetence in New Orleans. Now our Economy is back to the Great Depression Era. The GOP shoves some senile lifetime Senator in front of the Public and demands that we trust it. GOP can’t win wars, GOP can’t handle the Economy,GOP doesn’t care about the People. GOP = American Al Qaeda.

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