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.

Peter Fray

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