Saturday, September 20, 2008

Newsweek: Raines was never an Obama adviser, top Fannie and Freddie lobbyist is McCain campaign manager

People in glass houses....

McCain's campaign is SWIMMING in Fannie and Freddie lobbyists.

The McCain campaign launched a broadside at Obama for taking advice from Franklin Raines, a disgraced former chief of Fannie Mae. But Raines was never an Obama adviser and had much less contact with the Obama campaign than a top lobbyist for Fannie and Freddie had with the McCain campaign. That lobbyist's name is Rick Davis and he's McCain's campaign manager. "People with seven glass houses shouldn't throw stones," gibed the Obama campaign.

Well, guess what? Politico reports that at least 20 McCain fundraisers have lobbied for Fannie Mae and Freddie Mac, pocketing at least $12.3 million over the last nine years. For example -

  • Aquiles Suarez, listed as an economic adviser to the McCain campaign in a July 2007 McCain press release, was formerly the director of government and industry relations for Fannie Mae. The Senate Lobbying Database says Suarez oversaw the lending giant's $47,510,000 lobbying campaign from 2003 to 2006.
  • The lobbying firm of Charlie Black, one of McCain's top aides, made at least $820,000 working for Freddie Mac from 1999 to 2004.
  • The McCain campaign's vice-chair Wayne Berman and its congressional liaison John Green made $1.14 million working on behalf of Fannie Mae for lobbying firm Ogilvy Government Relations. Green made an additional $180,000 from Freddie Mac.
  • Arther B. Culvahouse Jr., the VP vetter who helped John McCain select Sarah Palin, earned $80,000 from Fannie Mae in 2003 and 2004, while working for lobbying and law firm O'Melveny & Myers LLP.

Still want to talk about Raines?

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