Comments on: McCain’s Campaign Manager Paid Millions To Help Fannie & Freddie Avoid Tougher Regulations

By: Donklephant » Blog Archive » Rick Davis’ Firm Paid By Freddie Mac Through Last Month

Wed, 24 Sep 2008 00:55:43 +0000

[...] I shared a story about Davis’ lobbying ties to the troubled mortgage giants. And yesterday McCain claimed that his campaign manager [...]

By: Donklephant » Blog Archive » McCain’s Transition Head Lobbied For Freddie Up To Takeover

Tue, 23 Sep 2008 14:08:15 +0000

[...] First Rick Davis and now William Timmons Sr., a guy who lobbied for the troubled mortgage giant for 8 years…right up until last month when the government took over. [...]

By: The Headlines - 23rd Sept. « Public sphere++

The Headlines - 23rd Sept. « Public sphere++ — Tue, 23 Sep 2008 08:40:07 +0000

[...] Campaign Manager Paid Millions To Help Fannie & Freddie Avoid Tougher Regulations (Donklephant) / [...]

By: Europeanview

Europeanview — Mon, 22 Sep 2008 20:04:24 +0000

Chapeau Justin, great find!

James says:

Here is the best part of that article: The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago.

EV answers:

Oh yes and I so trust investment banker Henry Paulson to get proper and working regulation going. Dream on.

This is huge. Obama has no direct Fannie and Freddie connections thatÃŸs proven and McCain has. I almost admire the cheek of the MacCampaign to say Obama was connected.

Oh and then, IÂ´m living in Switzerland and the banks here were rubbing their hands in anticipation of your taxes to bail them out.

By: Jimmy the Dhimmi

Jimmy the Dhimmi — Mon, 22 Sep 2008 20:02:48 +0000

This was lobbying to specifically protect Freddie and Fannie from more regulations, which is what lead to this $800B mess.

Who was he lobbying when he led the Homeownership Alliance? Did he lobby McCain? Why did McCain co-sponsor the Federal Housing Enterprise Regulatory Reform Act of 2005, which would have put tougher restrictions on Fannie and Freddie? Why did the Democrats in Congress fight against it?

Will Justin illuminate us? No, but hey No big deal.

By: James

James — Mon, 22 Sep 2008 18:57:12 +0000

It’s not quite as massive as this: http://query.nytimes.com/gst/fullpage.html?res=9E06E3D6123BF932A2575AC0A9659C8B63&sec=&spon=&partner=permalink&exprod=permalink

Under the plan, disclosed at a Congressional hearing today, a new agency would be created within the Treasury Department to assume supervision of Fannie Mae and Freddie Mac….

Among the groups denouncing the proposal today were the National Association of Home Builders and Congressional Democrats who fear that tighter regulation of the companies could sharply reduce their commitment to financing low-income and affordable housing.

”These two entities — Fannie Mae and Freddie Mac — are not facing any kind of financial crisis,” said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ”The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.”

By: Justin Gardner

Justin Gardner — Mon, 22 Sep 2008 18:06:00 +0000

You talk as if Rick Davis was advising them on creating a better balance between work and life. This was lobbying to specifically protect Freddie and Fannie from more regulations, which is what lead to this $800B mess.

But hey, no big deal…

By: Rich Horton

Rich Horton — Mon, 22 Sep 2008 17:21:27 +0000

Oh c’mon. If this is “massive” than so is Obama’s connections. Right now it looks like you have a lobbyist representing his client. (Shocking!)

By: Agnostick

Agnostick — Mon, 22 Sep 2008 15:54:14 +0000

“Hunter?”

“Hunter who?”

Huh?