I was little surprised last night when I got an email from the New York Times informing me that a senior McCain advisor had received money from Freddie Mac, because I thought it was pretty old news that William Timmons had lobbied on their behalf. But as it turns out, the latest lobbyist outing concerns the world’s most venal human being, Rick Davis.
One of the giant 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 two people with direct knowledge of the arrangement…
…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 two people said.
They said they did not recall Mr. Davis’s doing much substantive work for the company in return for the money, other than to speak to a political action committee of high-ranking employees in October 2006 on the approaching midterm Congressional elections. They said Mr. Davis’s firm, Davis Manafort, had been kept on the payroll because of his close ties to Mr. McCain, the Republican presidential nominee, who by 2006 was widely expected to run again for the White House.
The McCain campaign has responded in its typical hysterics, in this case issuing a long and heated invective against the New York Times that quite naturally, did not dispute the key charge in question. At this point, is there anyone in McCain’s campaign who is not a lobbyist?