In an interview Sunday, John McCain not only lies about his campaign manager's ties to Fannie Mae, he dares reporters to challenge his remarks. So they did.
The New York Times and Newsweek report John McCain lied about his campaign manager Rick Davis's lobbying on behalf of Fannie Mae. In an interview Sunday, McCain claimed Davis had long ago cut ties with Fannie Mae. In fact, Davis's lobbying firm received $15,000 per month from Fannie Mae through August, 2008. At tha time, the government took over Fannie Mae and forced it to stop paying lobbyists like Davis.
In 2006, Davis himself approached Freddie Mac to ask for a new consulting arrangement allowing his firm to continue to be paid, two sources told Newsweek. The arrangement was approved by Hollis McLoughlin, Freddie Mac's senior vice president for external relations, because "he [Davis] was John McCain's campaign manager and it was felt you couldn't say no," said one of the sources.