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Republicans fell to Freddie Mac lobby pressure...

by grimgraphix / October 19, 2008 6:48 AM PDT

Freddie Mac secretly paid a Republican consulting firm $2 million to kill legislation that would have regulated and trimmed the mortgage finance giant and its sister company, Fannie Mae, three years before the government took control to prevent their collapse.

In the cross hairs of the campaign carried out by DCI of Washington were [only} Republican senators and a regulatory overhaul bill sponsored by Sen. Chuck Hagel, R-Neb. DCI's chief executive is Doug Goodyear, whom John McCain's campaign later hired to manage the GOP convention in September.

McCain, R-Ariz., was not a target of the DCI campaign. He signed Hagel's letter and three weeks later signed on as a co-sponsor of the bill.

By the time McCain did so, however, DCI's effort had gone on for nine months and was on its way toward killing the bill.

In recent days, McCain has said Freddie Mac and Fannie Mae were "one of the real catalysts, really the match that lit this fire" of the global credit crisis. McCain has accused Democratic presidential candidate Barack Obama of taking advice from former executives of Fannie Mae and Freddie Mac, and failing to see that the companies were heading for a meltdown.

McCain's campaign manager, Rick Davis, or his lobbying firm has taken more than $2 million from Fannie Mae and Freddie Mac dating to 2000. In December, Freddie Mac contributed $250,000 to last month's GOP convention.

I don't think this reflects poorly on John McCain... however, this does illustrate how close the ties are between the political Lobby industry and political campaigns.
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(NT) bump
by grimgraphix / October 20, 2008 3:46 AM PDT
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you bumped your own post?
by James Denison / October 20, 2008 3:58 AM PDT

even when nobody had replied to it? This isn't a yahoo free for all forum, you know?

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by grimgraphix / October 20, 2008 4:13 AM PDT

I thought it appropriate to bump it back up, especially in the light of my other post about how Bush et al. is now pushing for a stimulus package after publicly disavowing the need for one last week. You see, I am just fascinated by the blame game that has been played out by both parties, during this time of economic crisis. A little "reality" was in order IMHO, even if no one wants to admit it happened.

As for this not being a free for all... You are joking, right ? Ever since the restraints against political posts were relaxed, I have seen more Bull **** topics and conspiracy theories being posted as "serious discussions" than before the ban took place.

Aside fromm all that, can you show me in the TOS where I am forbidden from bumping my own post?

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no TOS that I know of, but...
by James Denison / October 20, 2008 4:34 AM PDT
In reply to: ;-D

...seems sort of pitiful to bump one's own post that got no replies as it slipped down the front page, especially with no new material to add to it. If there had been some new material, that would have been understandable, but just an empty "bump"? </shaking head in disbelief!>

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(NT) lmao... ;-D
by grimgraphix / October 20, 2008 4:37 AM PDT
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Economic crisis...
by J. Vega / October 20, 2008 4:40 AM PDT
In reply to: ;-D

You are concerned with the economic crisis, and the reply to "Joe" talking about the views of a teacher talking about conditions in southern West Virginia didn't catch your eye?
I brought up that subject more than once in the long past. It's too bad you missed them. One response, by a Moderator no less, Positively stunned me senseless.

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what is this turning into?!
by James Denison / October 20, 2008 4:48 AM PDT
In reply to: Economic crisis...

the thread about attentionless posts that slipped into ignominy?

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I must have missed that one.
by grimgraphix / October 20, 2008 5:30 AM PDT
In reply to: Economic crisis...

You could have "bumped" it my way. Wink

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(NT) Maybe Mr Vega is not into self bumping
by critic411 / October 20, 2008 7:24 AM PDT
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At least he's not a cross-bumper, lol.
by James Denison / October 20, 2008 7:38 AM PDT

He hasn't bumped Vega's thread yet.

"I started a thread
that started the whole world crying,
Oh, if I'd only known,
that the thread was on me, ohhh nooo."
Bee Gees (interpreted)

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