|
47.samuel -> RE: Video: Republicans Warned About Fannie Mae But Dems Ignored (10/7/2008 6:29:53 AM)
|
quote:
ORIGINAL: leesw
http://www.youtube.com/watch?v=_MGT_cSi7Rs
The problem with the Government Sponsored Enterprize Fannie Mae and Freddie Mac started showing itself in 2004 and 2005. It turns out that it was Republicans, including Ron Paul and John McCain, who saw the problem and wanted action to be taken but, as the video shows, Democrats wouldn't even admit there was a problem. The problem continued and got worse and now the two government-sponsored enterprises are bankrupt and wanting our tax dollars to bail them out. If only Democrats would have listened instead of name calling.
*************************************************************
I have always thought the actions of men the best interpreters of their thoughts. ~John Locke
Well done is better than well said. ~Benjamin Franklin
Perhaps Republican supporters should be asking John McCain why his "words" don't correspond with his "actions" - given that of all the qualified candidates he could have chosen as his campaign manager, he selcted RICK DAVIS, a paid "lobbyist" who has been associated with Fannie Mae/Freddie Mack for the past 8 years.
quote:
"In 2000, Davis became the head of a group called the Homeownership Alliance, a Fannie Mae and Freddie Mac advocacy group. Its website said that the organization was dedicated to "exposing and defeating trends that would harm consumer access to the lowest-cost mortgage option." He was head of the group for five years, being paid more than $30,000 per month."
http://en.wikipedia.org/wiki/Rick_Davis_(politics)
quote:
"On September 24, 2008, the New York Times reported that Rick Davis' firm, Davis Manafort, had been paid $15,000 per month by Freddie Mac, for "consulting", from the end of 2005, when Davis stopped being head of the Homeownership Alliance, until August 2008. Payments stopped when Freddie Mac was taken over by the federal government.
..... The only thing that Freddie Mac officials could recall Davis doing for the company, the Times said, was speaking at an October 2006 forum attended by midlevel and senior executives who contributed to Freddie PAC, the company’s political action committee."
http://en.wikipedia.org/wiki/Rick_Davis_(politics)
QUESTIONS
1. How can the Republicans criticize Obama and the Democrats when the McCain Campaign is being managed by a longtime Fannie Mae/Freddie Mac lobbyist?
2. How do the McCain supporters explain that Rick Davis was a paid consultant on the Fannie Mae payroll for the whole time (until September 8th, 2008) he was managing the John McCain Campaign. Davis would still be an advisor for Fannie Mae if it hadn't been "taken over by the federal government."
3. Shouldn't federal investigators should be telling the American public what advice Rick Davis was actually providing to Fannie Mae to justify his $15 000 for the past 3 years - particularly during the last 13 months he served as both the McCain campaign manager and a paid Fannie Mae "consultant?"
4. If Rick Davis was giving Fannie Mae advice while serving as the McCain campaign manager - has he not placed himself in a direct conflict of interests?
If Rick Davis wasn't giving advice, as the comments of Fannie Mae officials would suggest, has he not received $480 000 from the corporation, (and the American taxpayer) under false pretenses?
|
|
|
|