Revelations have surfaced about Senator McCain’s campaign manager Rick Davis accepting regular payments from embattled mortgage lender Freddie Mac. The New York Times reports at a time when Presidential nominees are sparring over ties to lobbyist and special interest groups.
Jackie Calmes and David D. Kirkpatrick from the NYT expose the $15,000 monthly donations to Rick Davis and discuss the potential political consequences:
“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. The disclosure undercuts a statement by Mr. McCain on Sunday night that the campaign manager, Rick Davis, had had no involvement with the company for the last several years.”
Read the full report here.