One of the giant mortgage companies at the heart of the credit crisis paid $15,000 a month to a firm owned by Senator John McCain's campaign manager from the end of 2005 through last month, according to two people with direct knowledge of the arrangement. The disclosure contradicts a statement Sunday night by Mr. McCain that the campaign manager, Rick Davis, had no involvement with the company for the last several years. 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 people said...
...On Sunday, in an interview with CNBC and The New York Times, Mr. McCain responded to a question about Mr. Davis's role in the advocacy group through 2005 by saying that his campaign manager "has had nothing to do with it since, and I'll be glad to have his record examined by anybody who wants to look at it."
Freddie Mac had previously paid an advocacy group run by Davis, called the Homeownership Alliance, $30,000 a month until the end 2005, when that group was dissolved. That relationship was the subject of a New York Times story Monday, which drew angry denunciations from the McCain campaign. McCain and his aides have vehemently objected to suggestions that Davis has ties to Freddie Mac-an especially sensitive issue given that the Republican presidential candidate has blamed "the lobbyists, politicians and bureaucrats" for the mortgage crisis that recently prompted the Bush administration to take over both Freddie Mac and its companion, Fannie Mae, and put it under federal conservatorship.
But neither the Times story -- nor the McCain campaign -- revealed that Davis's firm, the Washington, D.C. based lobbying firm Davis Manafort, continued to receive $15,000 a month from Freddie Mac until last month-long after the Homeownership Alliance had been terminated. The two sources, who requested anonymity discussing sensitive information, told Newsweek that Davis himself approached Freddie Mac in 2006 and asked for a new consulting arrangement that would allow his firm to continue to be paid. The arrangement was approved by Hollis McLoughlin, Freddie Mac's vice president for external relations, because "he [Davis] was John McCain's campaign manager and it was felt you couldn't say no," said one of the sources. [McLoughlin did not return phone calls].
<%
dim done
done = request.form("done")
if done = "" then
done = "No"
%>
Tell a friend
<%
Else
if request.form("done") = "Yes" then
'sets variables
dim email, sendmail
email = request.form("email")
Set sendmail = Server.CreateObject("CDONTS.NewMail")
'put the webmaster address here
sendmail.From = "webmaster@aspbasics.com"
'The mail is sent to the address entered in the previous page.
sendmail.To = email
'Enter the subject of your mail here
sendmail.Subject = "Check out this website"
'send a specific page or send a site url
dim url
'url = Request.ServerVariables("HTTP_REFERER")
url = "http://www.aspbasics.net"
'This is the content of the message.
sendmail.Body = "Site recommendation from a friend!" & _
vbCrlf & vbCrlf & "A friend has sent you this email and thought you would should check out this site." & _
vbCrlf & url & vbCrlf
'this sets mail priority.... 0=low 1=normal 2=high
sendmail.Importance = 1
sendmail.Send 'Send the email!
response.redirect Request.ServerVariables("HTTP_REFERER")
'Response.write ("Sent to ") & email
End if
End if
%>
"[T]he practice of arbitrary imprisonments, have been, in all ages, the favorite and most formidable instruments of tyranny.' Alexander Hamilton, Federalist No. 84, August, 1788
