Monday, October 20, 2008

McCain's ties to Freddie Mac

McCain consultant received $2 million from Freddie Mac

Shockingly, the $2 million was not to clean up Freddie Mac, but to lobby Congress and lessen regulation. Why is McCain so close to so many lobbyists who worked with Freddie and Fannie to avoid any and all regulation? McCain likes to say that he attempted to fix Freddie and Fannie but he consistently goes well beyond palling around with their lobbyists, he hires them. How seriously are we supposed to take McCain when he is surrounded by lobbyists who fought against regulation of Freddie and Fannie? After all, less regulation and fewer corporate taxes summarizes McCain's history in the Senate.

(Americablog)