Wednesday, September 24, 2008

HOW WE GOT INTO THIS MESS

Fox News video

Posted by CAPTAIN THURSTON at 12:07 AM  

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4 comments:

Anonymous said...

And that's the tooth.

September 24, 2008 at 3:36 AM  
Anonymous said...

OMG Fox news yuck!

September 24, 2008 at 6:17 AM  
Anonymous said...

Report: McCain Aide’s Firm Paid By Freddie Mac Until Last Month
Posted in: John McCain

The firm owned by John McCain’s campaign manager reportedly received a monthly fee of $15,000 by one of the two giant housing lenders taken over by the federal government this month.

The McCain campaign responded on Wednesday by calling the report “demonstrably false.”

In an article first posted on its Web site Tuesday, The New York Times reports unnamed sources saying Davis & Manafort was paid by Freddie Mac, and Davis himself received more than $30,000 a month directly for five years starting in 2000. Those payments came from both Freddie Mac and Fannie Mae, the other housing entity now under government control because of the crisis in the financial markets.

The article said that even though Davis took a leave from the firm to join McCain’s campaign, as a partner he continues to share in the profits.

But a McCain campaign aide disputed the claim that Davis has received any compensation from the firm since taking his leave in December 2006. The aide told FOX News that Davis stopped taking a salary and draws no partnership distribution from the firm.

“Mr. Davis has seen no income from Davis Manafort since 2006. Zero. Mr. Davis has received no salary or compensation since 2006. Mr. Davis has received no profit or partner distributions from that firm on any basis — weekly, bi-weekly, monthly, bi-monthly, quarterly, semi-annual or annual — since 2006. Again, zero. Neither has Mr. Davis received any equity in the firm based on profits derived since his financial separation from Davis Manafort in 2006,” said McCain campaign spokesman Michael Goldfarb.

“Further, and missing from the Times’ reporting, Mr. Davis has never — never — been a lobbyist for either Fannie Mae or Freddie Mac. Mr. Davis has not served as a registered lobbyist since 2005.”

Tuesday’s report escalated a confrontation between the McCain campaign and The New York Times that flared up a day earlier, when the paper first reported that campaign manager Rick Davis was paid nearly $2 million over five years for defending both Freddie Mac and Fannie Mae against stricter regulations.

McCain adviser Steve Schmidt responded to the earlier report by lashing out at the newspaper, saying it was “in the tank” for Barack Obama and had “cast aside its journalistic integrity and tradition.” Times editor Bill Keller defended the newspaper and its coverage in a written statement.

Goldfarb repeated the campaign’s recent claims that the newspaper is an “advocacy organization” for Barack Obama’s presidential campaign.

“The New York Times, in what can only be explained as a willful disregard of the truth, failed to research this story or present any semblance of a fairminded treatment of the facts closely at hand,” he said. “Therefore this ‘report’ from The New York Times must be evaluated in the context of its intent and purpose. It is a partisan attack falsely labeled as objective news.”

McCain has tied Obama to Fannie and Freddie’s troubles and has called on Jim Johnson and Franklin Raines — both Obama supporters and former Fannie Mae executives — to return million-dollar “golden parachute” payments they received from the corporation after leaving. Obama had chosen Johnson to run his vice presidential search committee, but Johnson stepped down after McCain and other Republicans began criticizing his home mortgage deals.

McCain’s campaign recently released a television ad that says Raines is among those advising Obama on housing policy. Obama’s campaign released a statement from Raines, who says he is not an Obama adviser.

September 24, 2008 at 6:25 AM  
Anonymous said...

Both campaigns are full of sh*t! Vote for Nader 08!

September 24, 2008 at 6:27 AM  

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